AMERICAN BANK
No, 06 TRINITY PLACE,
NEW YORK,
Engravers and Pri. .
STEEL Pi ATE AND LilHOGRAPHIC
KAlUtOAD BONDS,
STOCK CERTIFICATES,
KOUNTZE BROTHERS
Railroad, Street Railway
and Municipal
INVESTMENT SECURITIES
ALLOW INTEREST ON DEPOSITS
MAKE LOANS AGAINST APPROVED COLLATERAL
ACT AS FISCAL AGENTS FOR MUNICIPALITIES AND
CORPORATIONS
BUY AND SELL U. S. BONDS AND OTHER SECURITIES
FOR THE USUAL COMMISSION
MAKE COLLECTIONS SPEEDILY AND AT FAVORABLE
RATES
ISSUE TRAVELERS' LETTERS OF CREDIT
TRANSACT A GENERAL
Domestic and Foreign Banking Business
CONNKSPONDCNCC INVITCD
HARVEY FISK & SONS
BANKERS AND DEALERS IN
Bonds
And Other Investment Securities
NEW YORK BOSTON
29 NASSAU STREET 10 POST OFFICE SQUARE
PHILADELPHIA : REPRESENTED BY
JAMES H. CHAPMAN, 421 CHESTNUT STREET
HARTFORD, CONN.; REPRESENTED BY
R. T. H. BARNES, /ETNA LIFE BUILDING
CHICAGO, ILLS.: REPRESENTED BY
DANIEL K. DRAKE, 414 Continental Nat'l Bank Bldg.
FRANKLIN-LEE
BANK NOTE COMPANY
142 Broadway, cor. Liberty St., New York
CONSOLIDATED 1897
ENGRAVERS AND PRINTERS OF
IB ACCORDANCE WITH THE REQUIREMENTS OF THE
YORK STOCK EXCHANGE
ROTES, BILLS OF EXCHANGE, DRAFTS, CHECKS, NOTES,
PROPRIETARY STAMPS, LABELS, TAGS, BILL
AWD LETTER HEADS
DIPLOMAS AND CERTIFICATES OF MEMBERSHIP
Insurance Policies, Calendars and Commercial
Work of all kinds
UIBOGRAPHIC BONDS. CERTIFICATES OF STOCK, CHECKS,
DRAFTS, BILLS OF EXCHANGE AND LETTEK HEADS
EXECUTED IN A SUPERIOR MANNER
RAILWAY TICKETS
IN ALL VARIETIES
WORK EXECUTED IN FIREPROOF PREMISES
CARNEGIE STEEL COMPANY
of Pittsburg, Pa.,
With- Sales Offices at
Boston, Cleveland, Cincinnati,
New York, Detroit, Atlanta,
Philadelphia, Chicago, St. Louis,
Washington, Minneapolis, Denver,
Buffalo, San Francisco,
Portland, Ore., Montreal,
London, and City of Mexico,
Manufactures and Sells
Pig-iron, Spiegeleisen, Ferro-manganese, Steel Rails, Blooms,
Billets, Beams, Channels, Angles, Armor, Boiler, Tank
and Ship Plate, Axles, Car Forgings, and
general forms of Rolled Bessemer
and Open-hearth Steel.
Taylor Iron & Steel Co.
Manufacturer! of
Steel Tired Car Wheels
Manganese Steel Mine Car Wheels
Porged Steel and Iron Axles
Steel Castings •» General Purposes
Manganese Steel Dipper Teeth
— Lips or Cutters «•»• Steam Shovels
Teeth made with renewable points— outwear 3 or 4 Tool
Steel Points and can be readily and cheaply replaced
Works and General Office: HIGH BRIDGE, N. J.
LATROBE STEEL COMPANY
MANUFACTURERS OF
TIRES
FOR LOCOMOTIVE AND CAR WHEELS
AND OF
WELDLESS FLANGES
FOBBED AND ROLLED FROM SOLID STEEL INGOTS
Suitable fir High Pressure Steam, Water or Gas Lines
MAIN OFFICE: 1200 Girard Building, Philadelphia
3RAMCH OFFICE: Room 1 546 Bowling Green Office*, 1 1 Broadway, New York
Tie
Jessop
High-Speed...
Air-Hardening
Tool Stoel
'.'-inch cut,
feed. Speed 20 to 40 feet per minute.
Tools hardened by heating white hot and cooled in air.
CAN NOT BE BURNED
WM. JESSOP & SONS,. Limited, SSg
Chief American Office, gi John Street, New York
POOR'S BUREAU
OF
INFORMATION AND INVESTIGATION
Conducted in connection with and as an adjunct to
POOR'S MANUAL OF RAILROADS
Address
JOHN P. MEANY, Manager, 68 William Street, New York, N. Y.
HASKINS & SELLS
CERTIFIED PUBLIC ACCOUNTANTS
80 BROAD STREET
NEW YORK
LONDON. E.G.
30 COLEMAN STREET
CABLE ADDRESS
ST LOUIS
HASKSELLS"
CLEVELAND
PITTSBURG
C. A. fTARBUCK
J.C.
WB MAKE A
STRICTLY
First-Class Brake
AT A VERY
Reasonable Price.
THE
NEW YORK
AIR BRAKE
CO.
Our Customers
ARE SOME OP THE
Leading: Railways
OF Tilt WORLD.
66 BROADWAY.
NEW YORK.
DM CM IV INSURANCE
rntNiA COMPANY.
OF BROOKLYN, N. Y.
NEW YORK OFFICE,
68 WILLIAM STREET.
N, W, HARRIS & CO.
BANKERS
PINE STREET, Corner of William
HEW YORK
CHICAGO BOSTON
DEALERS IN
GOVERNMENT, MUNICIPAL, RAILROAD
AND OTHER CORPORATION BONDS
LISTS ON APPLICATION
Issue TRAVELERS' LETTERS OF CREDIT
available In all parts of the world
TOWNSEND SCOTT A. ELZEY WATERS FRED. G. BOYCE, Jr. C. DE LACEY EVANS
Baurvkers
Brokers
FAYETTE STREET
(Opposite Post Office)
ESTABLISHED 1833
BALTIMORE. MD.
JOHN L. WILLIAMS
JNO. SKELTON WILLIAMS
RO, LANCASTER WILLIAMS
C. L. BEMISS LANGBOURNE M. WILLIAMS
JOHN L. WILLIAMS & SONS
BANKERS
AND DEALERS IN
SOUTHERN INVESTMENTS
Corner 1Oth and Main Streets
RICHMOND, VA.
CABLE ADDRESS
WILLIAMSON. RICHMOND
Transact a General Banking Business. Negotiate Railroad and Municipal Loans
Draw Bills of Exchange and furnish Letters of Credit on all parts of the world
We are prepared to purchase outright entire new issues of STATE, MUNICIPAL and RAILROAD BONDS
or to Negotiate the same on Commission. We invite correspondence, and cheerfully furnish information on
any subject relating to Southern Investments, of which we make a specialty.
SEABOARD AIR LINE RY. SECURITIES A SPECIALTY
I. W». MWdendorf *• »' R»"-erfoord
A. J.Robin. F'Lent2
J.Wm. Middendorf & Company
BANKERS AND BROKERS
The Continental Trust Building
r. o. BOX no3 BALTIMORE, MD.
MEMBERS BALTIMORE STOCK EXCHANGE
DIRECT WIRES TO NEW YORK AND RICHMOND, VA.
INVESTMENT SECURITIES
DEALERS IN FOREIGN EXCHANGE
MARYLAND TRUST CO.
N. W. Corner Calvert and German Streets
BALTIMORE
CAPITAL, -
SURPLUS, -
$2, 1 25,000
2,437,500
Acts as Financial Agent for States, Cities, Towns, Railroads and other Corporations.
Transacts a general trust business.
Lends money on approved security.
Acts as Trustee under Mortgages, Assiguments and Deeds of. Trust; as Agents
for the Transfer or Registration of Stocks and Bonds, and for the payment of coupons,
interest and dividends.
J. WILLCOX BROWN
HENRY J. BOWDOIN -
LLOYD L.JACKSON
ALLAN McLANE -
CARROLL VAN NESS -
L. S. ZIMMERMAN
------- President
- First VIce-President
- Second Vice-President
Third Vice-President
- - - Secretary and Treasurer
- Asst. Secretary and Asst. Treasurer
J. WILLCOX BROWN,
WM. A. MARBUKG,
LLOYD L. JACKSON,
GEU. A. VON LINGKN,
HENRY J. BOWDOIN,
JOSHUA LEVKKING,
W. B. BROOKS, JR.,
JOHN 8. WILSON,
DIRECTORS:
FRED'K w. WOOD,
SEYMOUR MANDELBAUM,
LEOPOLD STROUSE,
HENRY A. PARR,
HENRY WALTERS,
B. N. BAKER,
ANDREW D. JONES,
JAMES BOND,
JOHN A. TOMPKIN8,
CLAYTON C. HALL,
JOSIAH L. BLACKWELL,
GEORGE C. JENKINS,
JOHN PLEASANT8,
L. F. I.OREE,
J. SOUTHOATE LFMMON.
10
THE CHICAGO NATIONAL BANK,
No. 152 Monroe Street, CHICAGO.
CAPITAL $I,OOO,OOO. SURPLUS, $I,OOO,OOO.
This bank is fully equipped to care for the accounts
of banks, individuals, firms and corporations. It respect-
fully invites correspondence or a personal interview with
those who contemplate making changes or opening new
accounts.
DIRECTORS: WILLIAM BEST, MAURICE ROSENFELD,
F. M. BLOUNT, ANDREW McNALLY, J. R. WALSH, C. K. G.
BILLINGS, JOHN M. SMYTH.
OFFICERS: J. R. WALSH, President; ANDREW McNALLY,
Vice.Pres't; F. M. BLOUNT, Vice-Pres't; T. M. JACKSON, Cashier
F. W. McLEAN, Ass't Cashier; J. E. SHEA, Ass't Cashier.
BARTLETT, FRAZIER
AND
CARRINGTON
Stocks and Bonds, Grain, Provisions and Cotton
Partners :
W. H. BARTLETT
P. P. FRAZIER
W. T. CARRINOTON
O. W. PATTEN
J. A. PATTEN
H. J. PATTEN
C. B. PIERCE
J. P. QRIER
No. 5 and 7 New Street
Western Union Building
No. 81 HichiKan Street
Planter*' Hotel Building
tlllcott Square Building
Wlr*. lo tb« Prtactp.1 CttiM.
Members:
NEW YORK STOCK EXCHANGE
NEW YORK PRODUCE EXCHANGE
NEW YORK COFFEE EXCHANGE
NEW YORK COTTON EXCHANGE
CHICAGO BOARD OF TRADE
CHICAGO STOCK EXCHANGE
NEW ORLEANS COTTON EXCHANGE
LIVERPOOL CORN TRADE ASSOCIATION
ST. LOUIS MERCHANTS' EXC IANGE
MILWAUKEE CHAMBER OF COMMERCE
MINNEAPOLIS CHAMBER OF COMMERCE
DULUTH BOARD OF TRADE
NEW YORK, N. Y.
CHICAGO, ILL.
niLWAUKEE, WIS.
5T. LOUIS, MO.
BUFFALO, N. Y.
Ml. South and We*t
11
THE EQUITABLE TRUST COMPANY
152 Monroe Street, CHICAGO
Capital paid up $5OO,OOO
Surplus and Profits - 3OO,OOO
Acts as Trustee for Corporations, Firms and Individ-
uals and as Guardian, Executor and Administrator.
Takes entire charge of Estates, real and personal. A
legal depositary for Court and Trust Funds. Acts as
Agent for the Registration and Transfer of Bonds and
Stocks of Corporations and payment of Coupons,
Interest and Dividends. Interest paid on Deposits.
D I R ECTO RS
William Best Andrew McNally John M. Smyth
F. M. Blount Maurice Rosenfeld J. R. Walsh
L. A. Walton
OFFICERS
J. R. WALSH. President L. A. WALTON, Vice-President
C. D. ORGAN, CHARLES HUNTOON,
Sec'y and Treas. Ass't Sec'y and Ass't Treas.
MASON LEWIS & CO.
Bankers
CHICAGO BOSTON 'PHILADELPHIA
Monadnock Building No. 60 Devonshire St. No. 505 Chestnut St.
MUNICIPAL
RAILROAD
CORPORATION
BONDS
ISSUES FIRST MORTGAGE BONDS
Street Railway Companies Electric Lighting Companies
Electric Power Companies Gas Companies ....
CORRESPONDENCE INVITED
12
OLD COLONY TRUST COMPANY
BOSTON, MASS.
CAPITAL, $1,500,000. SURPLUS, $5,OOO,OOO
Aots •• Trustee under Mortgages, Transfer Agent, Registrar.
Transacts a General Banking Business.
Allows Interest on Daily Balances Subject to Check.
BOARD OF DIRECTORS.
T. JEI FKRSON COOL1DGE, Jr., Chairman.
Cordoa Abbott. ttuu-kso I. Cotting, George P. Gardner, Henry 11. Heed,
Oliver A«f. Philip Dexter, Henry S. Howe, Nathaniel 1 haver,
C %».' Amory. I N-n S. I raper, V\ alter Hunnewell, C. S. Tuckerroan,
flamed « *rr < «or e I . Fahyan. George v. L. Meyer, Lucius Tut tie.
timer. Frederick P. Ki-h. I aiirence Minot, Stephen M. Weld,
T Jvflenoa Cooiidc*. Kecioald Foster, Richard Olney, l.eriry C. \\eston.
T Jl 1 I. US 'N ('OOL1DGK, Jr Chairman of the Toard
B ( i IT President
i - i I i K i U A N Vice-President and Treasurer
II I1 i . M : I >M . U Vice-President
SIC HAltT Vice-President
JA^>RS A. PAKixKK. \ ice-President
E. A. P il 1*1 K »' Assistant Treasurer and Se retary
F. (;. POUSI AND Assistant Treasurer
JO8KP-I «.. Ml \ll.NS Assistant Secretary
F- Ki MM: 1 « • VI! Assistant Secretary
F. M. I.AM8ON, Assistant Secretary
JUUUS K. WAKKF ELD .. Jiust O:. cer
PARKINSON & BURR
STOCK BROKERS
S3 State Street, Boston, Mass.
7 Wall Street, New York, N. Y.
CONNECTED BY PRIVATE WIRE
OF THE NEW YORK AND BOSTON STOCK EXCHAM J-:s
Investment Securities
13
First National p««»>^jf«'*«
|--v i First National Bank
First National Bank
of Milwaukee *~d
UNITED STATES DEPOSITORY
Ce.pite.1 $1,500,000
Surplus svnd Profits 900,000
F. G. BIGELOW, President.
WM. BIGELOW. Vice-President. T. E. CAMP, Assistant Cashier.
FRANK J. KIPP, Cashier. H. G. GOLL, Assistant Cashier.
DIRECTORS
E. MATNER. F. G. B G~TOW. C. F. PFISTER.
H. C. P\Y E. GEO. P. I LE,l. FR :D T. GOl.L.
W.»l. BIGnLuW. F. VUGEL, JR. J.H.VAN DYKE, JR.
NEW YORK. BOSTON
H. W. POOR & CO.,
BANKERS,
33 Wall Street, NEW YORK.
52 Devonshire Street, - BOSTON.
INVESTMENTS IN RAILROAD BONDS A SPECIALTY.
Orders Executed on the New York and London Stock Exchanges.
I
CORRESPONDENCE INVITED.
14
f. tOCRTON WEBB MJ°uHN
WEBB & PRALL
BANKERS & BROKERS
'! 49 Wall Street, New York
BRANCH OKKICE
32 East 42d Street
LINCOLN BANK BUILDING
OPPOSITE GRAND CENTRAL DEPOT
PRIVATE WIRE
15
MOFFAT & WHITE
Bankers
Dealers in
We make a specialty of the stocks of Telephone com-
panies operating under the Bell (A. T. & T. Co.) license.
George Barclay Moffat Alexander M. White, Jr. Harold T. White
Member N. Y. Stock Exchange
KNAUTH, NAGHOD & KUHNE
...BANKERS...
11-19 WILLIAM STREET, NEW YORK
Members of the New York Stock Exchange
INVESTMENT SECURITIES
LETTERS OF CREDIT AND TRAVELERS' CHECKS
Available in all Parts of the World
CABLE TRANSFERS FOREIGN EXCHANGE
We solicit correspondence of Banks and Bankers desiring the use of
our facilities for drawing their own drafts on our foreign correspondents
PRINCIPAL CORRESPONDENTS
PA Klt'S BANK, Limited, Loudou ) BANCO NACIONAL Ml. MEXICO, Mexico City
tKEDIT LYO.NNAIS, Paris ( . „,.„„„,. „ PHILADELPHIA NATIONAL BANK, Phlia., P».
iii ii'i'wj ii i. ir t Y i. i».. ..i : .. /• Him nruuuitN B.I? i>w i \tri.ivti •• 4 v i/ j i. :.....,.. 111
DKUTSCHK BANK, Berlin FIRST NATIONAL BANK. ChlCM*. 111.
DKESDN EUBANK, Berlin CKOCKEIt-WOOLWOUTH NATIONAL BANK, San
FranolNco, Cal,
KNAUTH, NACHOD & KtHNE. l.rip/.iit.
16
J. & W. SELIGMAN & CO.
NEW YO R.K
BUY AND SELL INVESTMENT SECURITIES
Issue LETTERS OF CREDIT FOR TRAVELERS, payable
in any part of Europe, Asia, Africa, Australia and America.
Draw Bills of Exchange On and Make Telegraphic Transfers
of Money to Europe and California.
SCLIGMAN BR.OTHER.S London
SCLIGMAN FRtRES 6, CIE. Paris
SCLIGMAN & STETTHEIMER - Frankfurt
ALSBER.G. GOLDBERG & CO. - - Amsterdam
ANGLO-CALIFOR.NIAN BANK. Limited. S&n Francisco. C&1.
•. autmn OAU*T MATH AID c. CTKB. CHAI c. HARRISON. WM. A. jimrntos. JAMES WHITKLT, SFKIAL.
PRINCE & WHITELY,
Bankers and Brokers,
EXCHANGE COURT BUILDING, No. 52 BROADWAY,
NEW YORK.
No. 15 CENTER STREET. NEW HAVEN, CONN.
All Classes of RAILWAY STOCKS, also Grain,
Provisions and Cotton, Bought and
Sold on Commission.
SPECIAL ATTENTION GIVEN TO INVESTMENTS.
R. T. WILSON & CO.,
I
Bankers, I
33 WALL STREET, - NEW YORK.
TRANSACT A GENERAL BANKING BUSINESS.
Receive Accounts of Corporations and Individuals
en Liberal Terms.
NEGOTIATE STATE, MUNICIPAL AND RAILROAD
SECURITIES.
CORNELIUS C. CUYLER. . FRANCIS J PATON.
BE.vjAMtN GRAHAM. ARTHUR C. VAUGHAN.
JUNTOS SPENCER MORGAN. DANIEL P. KINGSFORD.
CUYLER, MORGAN & CO.,
No. 44 PINE STREET, NEW YORK.
DIVIDENDS AND INTEREST COLLECTED AND REMITTED.
Act as Agents for Corporations in Paying
Coupons and Dividends ; also
as Transfer Agents.
Bonds, Stocks and Securities Bought and
Sold on Commission at the Stock
Exchange or elsewhere.
STERLING EXCHANQ3 AND CABLE TRANSFERS BOUGHT AND SOLD.
Draw on the Union of London and Smith's Bank, Ltd.; British Linen Co. Bank,
London and Scotland; Ulster Bank, Limited, Belfast, Ireland, and Branches.
Manhattan Trust Co.
WALL STRRBT, cor. NASSAU, NEW YORK.
OFFICERS:
JOHN 1. WATERBURY, Prcmident.
JOHN Kit AN, tVit-e-
AMOS T. FRENCH, I PrraiAentf.
W. N. Duaae, sd Vicc-Pres. and Treta.
The Manhattan Trust Company receives deposits
b»ar.nir m-rreM ard subject to cheque, payable
through the New York dealing House.
BANKERS AND CORRESPONDENTS
NEW YORK
Chase Nafl Bank
Clearing House Agent
First Nat'l Bank
BOSTON
Old Colony Trait Co.
PHILADELPHIA
Fidelity Trust Co.
CHICAGO
Illinois Trust and Savings Bank
LONDON
London and Westminster Bank, Ltd.
CAPITAL,
DEPOSITS,
$200,000
$5,500,000
UNDIVIDED
PROFITS, $800,000
83 and 85 MONTGOMERY ST., JERSEY CITY, N. J.
TITLE DEPARTMENT
SATE DEPOSIT
DEPARTMENT
TRUST DEPARTMENT
Titles Guaranteed to Real Estate in any part of New Jersey.
Safe Deposit Vaults as perfect in construction and complete
in safeguards as the best in the world. Boxes $5 to $350
per annum. No inheritance lax is imposed upon deposits
in New Jersey of either residents or non-residents.
Executes all trusts known to the Law. Receives deposits
subject to check and allows interest on daily balances. Issues
time and demand certificates of deposit bearing interest.
ACCOUNTS SOLICITED
). E Hl'LSHIZRR. President
GEO. F HKRK.NS . V.c.Pre,
I. OLEKDORr. 1 JR"
WM H
'"
Vice PI-M
: EVERTS. Sec. and Trea,
.t. Title Officer.
19
NEW YORK SECURITY • TRUST COMPANY
44 & 46 WALL STREET, NEW YORK
CAPITAL --- $1,000,000.00
SURPLUS ... 4,000,000.00
CHARLES S. FAIRCHILD, President.
OSBORN W. BRIGHT, Vice-Pres. ZELAH VAN LOAN, Ass't Sec.
L. CARROLL ROOT, 3d Vice-Pres. JAMES E. KEELER, 3d Ass't Sec.
ALEX. S. WEBB, Jr., Sec. H. W. WHIPPLE, M'g'r Bond Dept.
TRUSTEES
CHARLES S. FAIRCHILD, B. AYMAR SANDS, ABRAM M. HYATT,
JAMES J. HILL, JOHN W. STERLING, NORMAN B. REAM,
STUART G. NELSON, JOHN A. McCALL, CHARLES M. SCHWAB,
HUDSON HOAGLAND, JAMES A. BLAIR, JOHN S. PHIPPS,
JAMES STILLMAN, FRANK W. STEARNS, FRANK TILFORD,
M. C. D. BORDEN, EDMUND D. RANDOLPH, WOODBURY LANGDON,
JOHN G. McCULLOUGH, GEORGE W. PERKINS, OSBORN W. BRIGHT,
FRKDERIO R. COUDERT, E. PARMALEE PRENTICE.
This Company is authorized to act as Executor, Trustee, Administrator, Guardian, Agent.
Receiver, Registrar and Transfer Agent of Stocks and Bonds, and is a legal depository for Court
and Trust funds. Will take entire charge of real and personal estates, collecting the income and
profits, and attending to all such details as an individual in like capacity could do.
Receives deposits subject to check, allowing interest on daily balances, and issues certificates
of deposit, bearing interest. •
HOLLISTER & BABCOCK,
BANKERS AND BROKERS,
17 AND 19 BROAD STREET,
NEW YORK.
*
MEMBERS OF THE NEW YORK STOCK EXCHANGE
AND DEALERS IN
INVESTMENT SECURITIES.
BowlingGreenTrustCo.
26 BROADWAY, NEW YORK.
Capital, $2,500,000. Surplus, $2,500,000.
OFFICERS:
EDWIN GOULD . . . . President
WILLIAM H. TAYLOR, . 1st Vice-President
JOHN A. HILTON . 3d Vice-Pres. & Treas.
WILLIAM M. LAWS . . . Secretary
DIRECTORS:
Charles P. Armstrong Frank Jay Gould, William Willis Merrill
Frank Bralnard. George J. Gould, Winslow S. Pierce,
Robert C. dowry. John A. Hilton, Frederick B. Schenck.
Edmund C. Comerse. Myron T. Herrick. William H. Taylor,
Wm. Nelson Cromwell Edward T. Jeffery. Edward R. Thomas.
Grenville M. Dodge. Edward R. Ladew. John P. Truesdell,
Ashbel P. F.tch. William M. Laws. E. F. C. Young,
Edwin Gould. J. W. Middendorf.
STUYVESANT FISH
VICC-PRKSIDENT
GEORGE S. HICKOK
CASHIER
JOHN C. VAN CLEAF
*«»T, CASHIER
RICHARD DELAFIELD
PRESIDENT
ALBERT H. WIGGIN
VICE-PRESIDENT
EDWARD J. BALDWIN
ASS'T CASHIER
FRED'K O. FOXCROFT
ASCT. CASHIER
GILBERT G. THORNC
VICE-PRESIDENT
WILLIAM O. JONES
ASST. CASHIER
WILLIAM A. MAIN
ASST. CASHIER
THE
NATIONAL PARK
BANK
OF NEW YORK
Organized 1856
Capital,
Surplus,
$3,000,000
r,ooo,ooo
ISSUES TRAVELERS' LETTERS OF CREDIT, AVAILABLE IN
ALL PARTS OF THE WORLD, BUYS FOREIGN EXCHANGE,
AND SELLS DRAFTS AND CABLE TRANSFERS. .
JOSEPH T. MOORE,
STUYVESANT FISH,
OEORGE S. HART,
CHARLES SCRIBNER,
EDWARD C. HOYT,
DIRECTORS:
W. ROCKHILL POTTS,
AUGUST BELMONT,
RICHARD DELAFIELD,
FRANCIS R. APPLETON,
JOHN JACOB ASTOR,
GEORGE S. HICKOK,
GEORGE PRED'K VIETOR,
ALBERT H. WIGGIN,
CORNELIUS VANDERBILT.
ISAAC GUGGENHEIM,
JOHN E. BORNE.
22
CENTRAL TRUST COMPANY
OF NEW YORK,
No. 54 WALL STREET.
CAPITAL, $1,OOO,OOO.
UNDIVIDED PROFITS, $13,068,373.59.
Allows interest on deposits, returnable on demand, or at specified dates.
Is a legal depository for money paid into Court. Is authorized to act
as Executor, Administrator, Guardian, or in any other position of trust.
Also as Registrar or Transfer Agent of Stocks and Bonds, and as
Trustee for railroad and other Mortgages.
F. P. OLCOTT, President.
GEO. SHERMAN, Vice-President.
E. F. HYDE, 2d Vice-President.
B. G. MITCHELL, 3d Vice-President.
J. N. WALLACE, 4th Vice-President.
GEO. BERTINE, Secretary.
F. L. GRANT, Asst. Secretary.
F. B. SMIDT, Asst. Secretary.
EXECUTIVE COMMITTEE.
THE PRESIDENT.
CHARLES LAMER. A. D. JUILLIARD,
JNO.S. KENNEDY. SAMUEL THORNE,
CORNELLS N. BLISS. JAS. N. JARVIE.
ADRIAN ISELIN. JR . WILLIAM A. READ.
Class of 1904.
CMAS. LAMER
r. p. OLCOTT.
HENRY TALMADGE.
GEORGE SHERMAN.
A. D. JUILLIARD.
JAMES SPEYER
BOARD OF TRUSTEES.
Class of 1905.
GEO. MACCULLOCH MILLER,
CORNELIUS N BLISS.
JAS. N. JARVIE.
WILLIAM A. READ,
GEORGE BERTINB.
JAMES N. WALLACE.
Class of 1906.
JOHN S. KENNEDY-.
SAMUEL THORNE.
ADRIAN ISELIN, JR.,
B. F. HYDE,
J. KENNEDY TOD,
HENRY EVANS.
United States Trust Company
OF NEW YORK
45 AND 47 WALL STREET
CAPITAL $2,OOO,OOO
SURPLUS AND UNDIVIDED PROFITS, $1 2,053,207
This Company is a legal depository for moneys
paid into Court, and is authorized to act as Guardian,
Trustee or Executor.
INTEREST ALLOWED ON DEPOSITS
LYflAN J. QAQE, Pres. D. WILLIS JAMES, Vice-Pres.
JAMES 5. CLARK, Second Vice-Pre.s.
HENRY L. THORNELL, Secretary. LOUIS G. HAHPTON, Assistant Secretary.
TRUSTEES
JOHN A. STEWART, Chairman of the Board
SAMUEL SLOAN
D. WILLIS JAMES
JOHN HARSEN RHOADES
ANSON PHELPS STOKES
JOHN CROSBY BRO\VN
EDWARD COOPER
W. BAYARD CUTTING
CHARLES S. SMITH
WM. ROCKEFELLER
ALEXANDER E. ORR
WILLIAM H. MACY, JR.
WM. D. SLOANE
GUSTAV H. SCHWAB
FRANK LYMAN
GEORGE F. VIETOR
JAMES STILLMAN
JOHN CLAFLIN
JOHN J. PHELPS
JOHN S. KENNEDY
D. O. MILLS
LEWIS CASS LKMYARD
MARSHALL FIELD
LYMAN J. GAGE
The Farmers' Loan and Trust Company,
CHARTERED itoa.
16, IH, mo * mm WILLIAM BXKEEX,
vi w VORK.
CAPITAL, $1,000,000.00
UNDIVIDED PROFITS, 7,000,000.00
The Company is a legal depositary for moneys paid into Court, and is
authorized to act as Executor, Administrator, Trustee, Guardian, Receiver,
and in all other Fiduciary capacities.
Acts as Trustee under Mortgages made by Railroad and other Corpora-
tions, and as Transfer Agent and Registrar of Stocks and Bonds.
Receives deposits upon Certificates of Deposit, or subject to check and
allows interest on daily balances.
Manages Real Estate and lends money on bond and mortgage.
Acts as Agent for the transaction of any approved financial business.
EDWIN S. MARSTON, President.
THOS, J. BARNETT, 2d Vice-President.
SAMUEL SLOAN, JR., Secretary.
AUGUSTUS V. HEELY, Asst. Secy.
WILLIAM B. CARDOZO, Asst. Secy.
CORNELIUS R. AGNEW, Asst. Secy.
BOARD OF DIRECTORS.
SAMUEL SLOAN, JAMES STILLMAN, MOSES TAYLOR PYNE,
WILLIAM WALDORF ASTOR, HENRY A. C. TAYLOR, S. S. PALMER,
D. O. MILLS. D. H. KING, JR., CI.EVELAND H. DODGE,
RottKT K. B ALLAKTIKE, ROBERT C. BOYD, JOHN L. RlKER,
NUN D. LOCKE, E. R. HOLDEN, DANIEL S. L.AMONT,
GCCMGE F. BAKER, WILLIAM ROWLAND, HENRY HENTZ,
V. G. ACKEW, EDWARD R. BACON, H. VAN RENSSELAER KENNEDY
HENRY H. ROGERS, ARCHIBALD D. RUSSELL,
l> A17CHINCL03S, EflWIN S. MARSTON, P. A. VALENTINE.
II K M A \ DOWD,
OAKLEIGH THORNE, President.
S. D. SCUDDER, F. L. HILTON,
W. H. CHESEBROUGH,
G. M. WYNKOOP,
Treasurer. Secretary.
Vlce-Pres. F. W. BLACK, F. C. PREST,
Auditor. Assistant Secretary.
J. R. BURNET, CARLETON BUNCE,
Attorney and Trust Officer. Assistant Secretary.
RECEIVES DEPOSITS,
SUBJECT TO CHECK.
PAYS INTEREST
ON DAILY BALANCES.
of
2De0criptton*
ACTS AS REGISTRAR
AND TRANSFER AGENT.
ACTS AS FISCAL AGENT
FOR UNDERWRITINGS AND SUBSCRIPTIONS.
American Crust Company,
CAPITAL AND SURPLUS, $5,000,OOO.
135 BROADWAY.
TRUSTEES
HORACE E. ANDREWS,
Pres. Cleveland Electric Railway Co.,
Cleveland.
C. T. BARNEY,
Pres. Knickerbocker Trust Co.. N. Y.
AUGUST BELMONT,
Banker, New York.
H. S. BLACK,
Chairman Board of Directors, U. S.
Realty & Con. Co., New York.
WILLIAM H. CHESEBROUGH,
Pres. Century Realty Co., New York.
HEMA1V DOWD,
Vice-Pres. North American Trust Co.,
New York.
CLEMENT A. GRISCOM,
Pres. International Mercantile Marine
Co., New York.
H. B. HOLLINS,
H. B. Hollins & Co., New York.
JOHN HONE,
John Hone & Co., New York.
JAMES JOURDAN,
Pres. Brooklyn Union Gas Go., B'klyn.
DAVID H. KING, Jr.,
Pres. New York Dock Co., New York.
JAMES S. KUHN,
Pres. Pittsburgh Bank for Savings,
Pittsburgh.
CHARLTON T. LEWIS,
Director International Bell Telephone
Co., New York.
WM. LOGAN,
Cashier Hanover National Bank, N. Y.
ALLAN McCULLOH,
Counsellor-at-Law, New York.
JOHN M. MACK,
Philadelphia.
JOY MORTON,
Joy Morton & Co., Chicago.
WILLIAM R. NICHOLSON,
Pres. Land, Title and Trust Co., Phila.
JOSEPH J. O'DONOHUE, Jr.,
Pres. Brooklyn Ferry Co., New York.
E. C. POTTER,
Real Estate, New York.
WILLIAM A. READ,
Vermilye & Co., New York.
JOHN J. RIKER,
Merchant, New York.
HENRY F. SHOEMAKER,
Chairman of Ex. Com., C., H. & D. Ry.
Co., New York.
SAMUEL SPENCER,
Pres. Southern Ry. Co.
SAMUEL THORNE,
New York.
EDWIN THORNE,
New York.
OAKLEIGH THORNE,
Pres. North American Trust Co., N. T.
JOHN C. TOMLINSON,
Director of New Amsterdam Gas Co..
New York.
ROBERT B. VAN CORTLANDT,
Kean, Van Cortlandt & Co., New York.
WARNER VAN NORDEN,
Director Home Insurance Co., N. Y.
P. A. B. WIDENER,
Philadelphia.
B. F. YOAKUM,
Pres. St. Louis & San Francisco RR. Co.,
St. Louis, Mo.
New York .... 59 Wall Street
Philadelphia, 4th and Chestnut Streets
Boston ...... 50 State Street
ALEX. BROWN & SONS, BALTIMORE
ALL CONNECTED BY PRIVATE WIRE
Members of New York, Philadelphia and Baltimore
Stock Exchanges. Orders for purchase and sale of Stocksf
Bonds and all Investment Securities promptly executed.
I INTERNATIONAL CHEQUES
Commercial and Travelers' Letters of Credit, available
in all parts of the world, issued upon satisfactory terms.
Bills of Exchange and Cable Transfers bought and sold.
* COLLECTIONS MADE ON ALL POINTS
Deposit Accounts received upon favorable terms; also
Issue Certificates of Deposit payable on demand, or at a
stated period.
BROWN, SHIPLEY & CO
Founder's Court, Lothbury, London
AND FOR THE SPECIAL CONVENIENCE OF TRAVELERS
123 Pall Mall, S. W,
c,
Street Railway and Traction Companies, Industrial and Other
Corporations and statements ol the debts of the United States.
(he several Stales. >Iunici])aliti(^s etc.
EFFINGHAM WILSON, R OYAL EXC H AN G E LONDON.
n\ > r ^ r. '/ <% . Y M ; sjfi t ,- * -<.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1795
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steef plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
couuumcATioita MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COTYWOMT, 1*03, BY POOR'S RAILROAD MANUAL CO.
PHILADELPHIA
MODERN MACHINE TOOLS
BORING AND TURNING MILLS
For Work From 6O Inohes To 28 Feet Diameter
CRANES
SHAFTING
TURNTABLES
INJECTORS
POOR'S MANUAL FOR 1903,
GENERAL INDEX.
The statements presented in this number of the MANUAL are arranged in four sec-
tions— the first (pages 1 to 879) comprising the statements of all the Steam Railroads
in the United States and Canada and the chief ones in Mexico; the second (pages
881 to 1137) comprising the statements of all the Street Railway and Traction Com-
panies in the United States; the third (pages 1138 to 1281) containing statements of
the leading Industrial Corporations and Organizations Auxiliary to the Railway Inter-
ests; and the fourth (pages 1283 to 1429) containing statements showing the Finances
and Resources of the United States, the several States, and the chief Counties, Cities,
and Towns in the country. Following i-; a complete
TABLE OF CONTENTS.
PA.GES
Statements of Steam Railroads in the United States 1 to 796
Dominion of Canada, Steam Railroads in 797 to 853
Mexico, Chief Railroads in 854 to 879
Street Railways, Department of 881 to 1 137
Miscellaneous Corporations, Department of 1138 to 1281
United States, Finances and Resources of 1283 to 1286
State and Municipal Indebtedness, Department of 1287 to 1429
Dividends Paid by Steam Railroad Companies.— 1896 to 1903 1430 to 1445
" Street Railroad Companies.— 1896 to 1903 1446 to 1453
" Industrial Corporations.— 1896 to 1903 1452 to 1459
Annual Meetings and Transfer Agencies, Steam Railroads 1460 to I486
Street Railways 1487 to 1499
Industrial Corporations 1500 to 1503
Postscript and Addenda, containing information received too late for insertion in its regular
order 1504 to 1594
Directory of Railway Officials. — List of Officers of Operating Roads in the United States and
Canada, and of the Chief Railroads in Mexico 1595 to 1675
Classified Index to Advertisers 1 677 to 1720
Railroads Merged in Other Lines. (See Lists following Part 4 of General Index. )
LIST OF MAPS.
BETWEEN
PAGES
1. — Maine, New Hampshire and Vermont. Intro. & 1
2. — Massachusetts, Rhode Island and Con-
necticut 32-33
3.— New York 68-69
4. — New Jersey and Pennsylvania 96-97
6. — Delaware, Maryland, Virginia and West
Virginia 128-129
6. — North Carolina and South Carolina 224-225
7. — Georgia and Alabama 224-225
8.— Florida 256-257
9. — Kentucky and Tennessee 288-289
10. — Mississippi, Arkansas and Louisiana. . . .288-289
11.— Ohio 352-353
12.— Indiana 384-385
BETWKEN
PAGES
13.— Illinois 416-417
14. — Michigan and Wisconsin 440—441
15. — Iowa and Missouri 480-481
16.— Oklahoma & Indian Territory & Texas.. 480-481
17. — Utah, Colorado, Arizona and New Mex-
ico 512-513
18. — Nebraska and Kansas 544-545
19.— North Dakota, South Dakota and Min-
nesota 584-585
20. — Montana, Wyoming and Idaho 608-609
21.— Washington and Oregon 640-641
22. — California and Nevada 640-641
23. — Canada, Eastern Section .800-801
24. — Canada, Western Section 832-833
IMM..X MI. AM UAILUOAMS.
GENERAL INDEX — Part 1 : Steam Railroads in the United
States, Canada and Mexico.
Th«« name« of the Railroad Companies following are the present titles
of tin- companies whose statements are given in the MANUAL. Many of
tli«> rai In mils comprise lines constructed under different names. A list is
•BMndedtottti General Index (following part 4) of former companies, the
tit 1.x i.f which have been changed, or whose lines have been acquired by
others, with the name of the company to whose statement reference is now
to be made.
strum
AbbotsfordA Northeastern RR.f . . 444
Aberdeen & Aaheboro Ry.*t 272
AlMTdven A Rockfish RR.f 272
A.I.IUon RR. (Rutland RR.)*f 38
Addition & Susquehanna RR. (B. &
SU 1509
A.l.h ston & Ohio River RR 444
A.l.-na RR 444
Ahnapee & Western Ry 444
Akron & Barberton Belt RR.f 444
Akron & Chicago Junction RR. (B.
AC.) 61
Alabama, Map of .... Bet. pp. 224 and 225
Alabama— State.County & City Debts 1287
Alabama — Street Railways in 881
Alabama A Tombigbee RR.f 1596
Alabama & Vicksburg Ry.*t 290
Alabama Great Southern RR. (So.
Ry )t 263, 1533
Alabama Great Southern Ry. Co.
(Ltd ) (So. Ry.)*f ." 262
Al:tl>nma, New Orleans, Texas A Pa-
cific June. Ryu. Co., Ltd 288
Alameda A San Joaquin RR 668
Alamorgordo & Sacramento Moun-
tain Ry (X. M. Ry. & C.)t 527
Albany 4 Northern Ry.f 272
Albany & Susquehanna RR. (D &
II <».)«t 80
Albany A Vermont RR. (D. A H
Co.)»t ... 81
Albi-rta Ry. A Coal Co.f 836
Albert Lea A Southern RR. (III.
•'•) 392
St«am Rallroad».
PAGE
Albert Southern Ry.f 837
Albia & Centerville Ry.*t 619
Alexander & Rich Mountain Ry.f - . . 1533
Algoma Central & Hudson Bay Ry.
(The)f 837
Allegheny & South Side Ry . f 1 67
Allegheny A Western Ry. (B. R. &
P.)*t 74
Allegheny Junction RR 167
Allegheny Terminal Ry. (B. R. &
P)t 74
Allegheny Valley Ry. (Pa. RR.)f 720
Allentown RR. (P. & R.)f 147
Allentown Terminal RR. (C. RR. of
N. J.)(P. &R.)*f 147,153
Alton Terminal Ry. (C. P. & St. L.). . 366
Altoona & Beech Creek RR.f 167
Ames & College Ry.f 619
Amsterdam, Chuctanunda & North-
ern RR. (N. Y. C. & H. R).f. ..... 126
Angelina & Neches River RR. t 557
Annapolis & Chesapeake RR. (B. &
A. S. L.) 168
Annapolis, Wash. & Baltimore RR. . . 168
Ann Arbor RR. (Afap)f 324, 1533
Apalachia RR 1534
Aransas Harbor Terminal Ry 557
Arcadia & Betsey River RR.f 444
Arcata & Mad River RR.f 668
Arizona, Map of Bet. pp. 512 and 513
Arizona— State, County and City
Debts .* 1289
Arizona — Street Railways in 837
Arizona & Colorado RR 1597
Arizona & New Mexico Ry.f 669
Arizona A Utah Ry. f . . . '. 669
«„
31
KIDDER, PEABODY & Co
115 Devonshire Street, Boston, Mass.
INVESTMENT SECURITIES
Foreign Exchange Letters of Credit
BANK OF MONTREAL.
(ESTABLISHED 1817.)
I.VCORPORA TED BY ACT OF PARLIAMENT,
CAPITAL (All paid uf) • • $13,379,24000
RKSKRVED FUND 9," 00,000 00
UNDIVIDED PROFITS 7 -'1,807 75
HEAD OFFICE— MONTREAL.
BOARD OF DIRECTORS.
RT. HON. LORD STRATHCONA AND MOUNT ROYAL, G.C.M.G., President.
Hox. G A. DRUMMOND, Vice-President.
A. T. PATERSON, ESQ. E. B. GREENSHIELDS, ESQ. SIR WILLIAM C. MACDONALD.
R. B. ANGUS, ESQ. A. F. GAULT, ESQ. JAMES Ross, ESQ.
R. G. REID, ESQ.
E S. CLOUSTON, General Manager.
A. MACNIDER, Chief Inspector, and Superintendent of Branches.
W. S. CU>USTON, Inspector of Branch Returns. F. W. TAYLOR, Assistant Inspector.
JAMES AIRD, Secretary.
BRANCHES :
JN CANADA :
Manager.
Province of Manitoba and
Northwest Territories.
WINNIPEG, Man.
CALGARY, Alberta.
LETHBRIDGE, Alta.
RAYMOND. Aita.
REGINA, Assiniboia.
Province of Brit. Columbia.
GREENWOOD,
NELSON,
NEW DENVER.
N. WESTMINSTER,
ROSSI, AND.
VANCOUVER,
VERNON,
VICTORIA.
IN NEWFOUNDLAND:
ST. JOHN'S BANK OF MONTREAL.
BIRCHY COVE, BAY OF ISLANDS - BANK OF MONTREAL.
IN GREAT BRITAIN:
LONDON, BANK OF MONTREAL, 22 Abchurch Lane, E. C., ALEXANDER LANG, M 'anager.
IN THE UNITED STATES:
NEW YORK, R. Y. HEBDEN and J. M. GREATA, Agents, 59 Wall Street.
CHICAGO, BANK OF MONTREAL, J. W. DE C. O'GRADY, Manager.
SPOKANE, WASH., BANK OF MONTREAL.
BANKERS IN GREAT BRITAIN:
MONTREAL - - - H. V. MEREDITH,
PROV. OF ONTARIO.
PROV. OF ONTARIO.
PROV. OF QUEBEC.
ALMONTE,
BELLEVILLE,
BRANTFORD.
UNDSAY,
LONDON,
OTTAWA,
MONTREAL,
" West End Br.
" Seigneurs St. Br.
" Point St. Charles.
BROCK VI LLE.
PARIS.
QUEBEC.
CHATHAM,
PERTH,
COLLINGWOOD,
PETERBORO,
LOWER PROVINCES.
CORNWALL,
PICTON,
CHATHAM, N B.
DESERONTO.
SARNIA,
FREDERICTON, "
FORT WILLIAM.
STRATFORD,
MONCTON,
GODER1CH,
ST. MARYS,
ST JOHN. "
GfEl.PH.
TORONTO,
AMHERST, N.S.
GLACE BAY, "
HAMILTON,
Yonge St. Br.
HALIFAX, "
KINGSTON,
WALLACE3URG.
SYDNEY,
LONDON, THE NATIONAL PROVINCIAL
BANK OF ENG., LTD.
LIVERPOOL, THE BANK OF LIVERPOOL,
LTD.
SCOTLAND, THE BRITISH LINEN COMPANY
BANK, AND BRANCHES.
BANKERS IN THE UNITED STATES:
LONDON, THE BANK OF ENGLAND.
" THE UNION BANK OF LONDON and
SMITH'S BANK, LTD.
THE LONDON AND WESTMINSTER
BANK, LTD.
NEW YORK, THE NATIONAL CITY BANK.
THE BANK OF N. Y., N.B.A.
NAT. BANK OF COMMERCE IN
NEW YORK
WESTERN NATIONAL BANK.
BOSTON, THE MERCHANTS NAT. BANK.
BOSTON, J. B. MOORS & Co.
BUFFALO, THE MARINE BK., BUFFALO.
SAN FRANCISCO, THE FIRST NAT. BANK.
" THE ANGLO - CALIFOR-
NIA BANK, LTD.
GENERAL INDEX STEAM RAILROADS.
Steam Railroads.
PAGE
Arkansas, Map of .... Bet. pp. 288 and 289
Arkansas — State, County and City
Debts 1290
Arkansas — Street Railways in 883
Arkansas & Louisiana Ry. (Mo. P.)f . 521
Arkansas Central RR. (Mo. P.)f 521
Arkansas Midland RR. (Mo. P.)t 521
Arkansas Southeastern Ry 1597
Arkansas Southern RR.*f 557
Arkansas Southwestern Ry.f 557
Arkansas Western RR.f 557
Arlington RR. (Erie). 99
Arnot & Pine Creek RR. (Erie) 99
Aroostook River RR. (Can. Pac.). ... 814
Ashland Coal & Iron Ry.*t 316
Ashland, Siskiwit & Iron River Ry. . . 1597
Asi oria & Columbia River RR. t 669
Atchison & Eastern Bridge Co. (The) f 558
Aichison, Topeka, & Santa Fe Ry.
System (The)*f 460, 1534
Atlanta & Birmingham Air Line Ry. 1561
Atlanta & Charlotte Air-Line Ry.
(So. Ry.)*t 258
Atlanta & West Point RR.*f 198
Atlanta Belt Line (Atlanta & W.
P.)*t 199
Atlanta, Knoxville & Nor. Ry. (L. &
X.)t 307, 1534
Atlantic & Birmingham RR.f. . . 272, 1534
Atlantic & Danville Ry. (Southern
Ry.)*f " 258, 1534
Atlantic & Lake Superior Ry 837
Atlantic & North Carolina RR.*f 273
Atlantic & Northwest Ry. (Can.
Pac.) 813
Atlantic & St. Lawrence RR. (Gr.
Tr.)*f 829
Atlantic & Yadkin Ry. (So. Ry.) 258
Atlantic City RR.(p"&R.)t." 150
Atlantic Coast Line Company* 199
Atlantic Coast Line RR.(A/ap)*f 202, 1535
Atlantic, Suwannee Riv. & Gulf RR.
(S.A. L.)t 245
Attleborough Branch RR.(Old Col.)*f 32
Augusta & Savannah RR. (C. of G.)*f 215
Augusta & Summerville RR 1599
Augusta Belt Ry. (Ga. RR.)t 228
AuRusta Southern RR. (So. Ry.)f. . . 260
Augusta Terminal Ry. (Ch. & W. C.) . 209
An Sal,],- \- NOrthwcstcrn RR 444
Avon,- Geneseo & Mt. Morris RR.
(Erie)*t.. 101
Steam Railroads.
PAGE
B
Bachman Valley RR. of Md.f 168
Bainbridge Northern Ry 1599
Bald Eagle Valley RR. (Pa. RR.)*f. . 721
Bait. & Annapolis Short Line RR.*f . 16r.
Baltimore & Cumberland Vy. RR.
(Wn. Md.)f 162
Baltimore & Cumberland Valley RR.
Extension (Wn. Md.)*t 162
Baltimore & Cumberland Vy. Ry.
(Wn. Md.) 162
Baltimore «fc Harrisburg Ry. (Wn.
Md.)*f 162
Baltimore & Harrisburg Ry., East.
Ext. (B. &H.)f " 163
Bait. & Harrisburg Ry., West Ext.
(B. &H.) 163
Baltimore & New York Ry. (B. & O.) 61
Baltimore & Ohio RR. (A/ap)*f . . 47, 1535
Baltimore & Ohio & Chicago RR.
(B. & O.) 61
Bait. & Ohio Conng. RR. (B. & O.) . . 61
Baltimore & Ohio Southwestern RR.
(B. &O.)t 61
Baltimore & Philadelphia RR. (B.
&O.) 61
Baltimore & Potomac RR. (P. W.
&B.) 746
Baltimore & Sparrow's Point RR.f . . 168
Baltimore Belt RR. (B. & O.) 61
Baltimore, Chesapeake & Atlantic
Ry. (Pa. RR.)t 730
Bangor & Aroostook RR. (A/ap)f. .1, 1535
Bangor & Portland Ry.(D., L. & W.)* 87
Bare Rock RR.f 168
Barnegat RR. (M. & L. B. Tr. Co.)t. - 182
Barre Branch RR. (Montp. & W. R.)*f 43
Barre RR 40
Bath & Hammondsport RR.fv 169
Battle Creek & Sturgis Ry. '(Mich.
Cent.)t 418
Bay City & Battle Creek Ry. (Mich.
Cent.)t 419
Bayfield Harbor & Great Western Ry. 445
Bayfield Transfer Ry 445
Bay of Quinte Ry.*f 838
Bay Ridge & Annapolis RR. (B. & O.) 62
Bay Terminal RR 445
Bearden & Ouachita River Ry 1601
Beaumont Wharf & Terminal Co.
(A.,T. &S. F.)t 46S
Beaver & Ellwood RR. (P. & L.E.)t . 129
34
F. H. PRINCE & CO.
Corner State and Devonshire Streets
BOSTON, MASS.
BOND * GOODWIN
BANKERS AND BROKERS
27 CONGRESS SQUARE, BOSTON, MASS.
226 LA SALLE STREET, CHICAGO
30 BROAD STREET, NEW YORK
DEALERS IN COMMERCIAL PAPER
INVESTMENT SECURITIES
Loans on approved collateral made and negotiated with
Banks, Trust Companies and other Institutions
LOANS TO CORPORATIONS
NEGOTIATED FOR SHORT OR LONG PERIODS
GENERAL INDEX STEAM RAILROADS.
35
Steam Railroads.
PAGE
Beaver Creek RR 1601
Beaver Dam RR.f 316
Beaver Meadow, Tresckow & New
Boston RR.f 1601
Beaver Valley RR 169
Bedford & Bridgeport Ry.(Pa. RR.)*f 728
Bedford Belt Ry. (So. Ind. Ry.)t 431
Bedford Stone Ry 445, 1535
Bedlington & Nelson Ry. (Koot. Ry.
AN.) ". 844
Brrch Creek RR.(N. Y. C. & H. R.)*t 120
Brrch Creek Extension RR. (N. Y.
C. &H. R.)f 120
Bi-lfast & Moosehead Lake RR.
(Me. C.)*t 22
Belington & Beaver Creek RR 1601
Belington & Northern RR 1601
Bellefonte Central RR.f 169, 1535
Bellingham Bay & British Columbia
RR.f 669
Bellingham Bay & Eastern RR. (No.
Pac.) 605
Belt Line Ry. (Montgomery, Ala.) . . . 1601
Belt RR. & Stockyard Co. (Ind. U.
Ry.)*t 452
Belt Ry. of Chattanooga (Ala. Gt.
So.)f. 265
Belt Ry. Co. of Chicago (The)*f 445
Belvidere Delaware RR.(Pa. RR.)*f. 721
Benwood & Wheeling Connecting
Ry. (U. S. Steel) 1253
Bergen & Dundee RR. (Erie) 100
Bergen County RR (Erie) 100
Berkeley RR 1601
Berkeley Springs & Potomac RR.
(B. & O.) 61
Berkshire RR. (N. Y., N. H. & H.)*f. 29
Berlin Branch RR.f 169, 1535
Berlin RR. (B. & O.)f 61
Bessemer & Lake Erie RR. (U. S.
Steel) 1253
Bessemer & Southwestern RR 1602
Big Falls Ry .' 445
Big Level & Kinzua RR. (B.B.& K.)t 170
Big Sandy Ry. (C. & O.)t 223
Big Stone Gap & Powell's Valley Ry . f 273
Big Stony Ry.f 1602
Birmingham & Atlantic. RR.f 316
Birmingham Belt RR. (S.L.& S.F.) . . 544
Birmingham Southern RR 317
Bismarck, Washburn & Great Falls
Ry-t 619
Steam Railroads.
PAGE
Black Hills & Fort Pierre RR. (C.,
B. &Q.) 354
Blackwell, Enid & Southwestern Ry.
(St. L. & S. F.) 533
Bloomsburg & Sullivan RR. t 1 69
Blue Ridge Ry. (So. Ry.) 231
Boca & Loyalton RR 1602
Bodcaw Valley RR 1602
Bodie Ry. & Lumber Co 1602
Boise, Nampa & Owyhee Ry.f 670
Booher Branch (East Br. Top.) 175
Book Cliff RR 1602
Booneville RR. Bridge Co. (M., K. &
T.) 498
Boonville, St. Louis & South. Ry.
(M. P.) 512
Boston & Albany RR. (N. Y. C. & H.
R.)*t 120
Boston & Lowell RR. (B. & M.)*f. ... 10
Boston & Maine RR.*f 5, 1535
Boston & Maine RR. System 4
Boston & New York Air Line RR.
(N. Y.,N. H.,&H.)*t 29
Boston & Providence RR.(Old Col.)*f 33
Boston,Revere Beach &LynnRR.*f40, 1536
Bowden Lithia Springs ShortLine RR. 1603
Bowling Green RR.(C., H. & D.) 373
Boyne City & Southeastern RR.f. ... 445
Bradford & West. Penn. RR.f 170
Bradford, Bordell & Kinzua Ry.f. ... 170
Bradford Ry.(W. N. Y. & P.) (P.RR.) 727
Bradshaw Mountain RR. (S. Fe., P.
&P.) 471
Branchville & Bowman RR.f 273
Brattleboro & Whitehall RR. (N. L.
N.) (Cent. Ver.)f 19, 1536
Bridgton & Saco River RR.*f 40
Brinkley, Helena & Indian Bay RR.
(Mo. P.) 522
Bristol RR.f 40
Brockport & Shawmut RR. (N. Y.,
L. E. &W. C. & R. Co.) 100
Brockville, Westport & Sault Ste.
Marie Ry 838, 1568
Brookfield Ry 1603
Brooklyn & Jamaica RR. (Long Isl.) 738
Brooklyn & Rockaway Beach RR.*f. 170
Brooksville & Hudson RR 1603
Brookville Ry.t 170
Brownstone & Middletown RR.f. . .. 171
Brownsville & Gulf RR. (Nat. RR. of
Mex.) 872
• ; r.NKKAL INDEX — STEAM RAILROADS.
Steam Railroad*.
PACE
Brunswick & Birmingham UK... 273, 1536
Bruiiswirk A Chillicotlu- KU.(\Vab.)f 437
Bu.-k.-v,. Coal A: lly. (H. Vy.) ........ 384
Buck-port A Klk Uivt-r UU ......... 670
Buffalo A I.ak.- Hun.n Ily. ((Jr.Tr.)t. 830
Buffalo A: Suxjiirhamia UK. (.l/«/i)*t 1506
Buffalo A: Su.M|u«'hanna Ry. (Map).. 1504
KufTulii. Aitirn it Arcade UR.f ...... 171
Buffalo, Bradford & Pittsburgh RIl.
Buffalo Cr.-rkRR.*t .............. 171
Buffalo Creek Transfer RR.f ........ 171
Buffalo Kri. Basin RR. (N. Y., C. &
II U.)t ........................ 124
Buffalo, Rochester & Pittsburgh Ry.
(.W«/»)*t ..................... 69,1536
Burlington & Western RR. (C., B. &
Q.U .......................... 354
Burlington, Cedar Rapids & Northern
Ry (C., R. I. &P.)*t ........... • !524
Burlington Route, Map of ........... 347
Burnside & Cumberland River Ry.f- • 317
But to, Anaconda & Pacific Ry.(Anac.
Cop.)*t ................. ....... 1158
Cache Valley RR 1604
Cadiz Kit. f 317, 1537
< 'airo & Kanawha Valley RR.f 1537
Cairo, Memphis & Southern RR. and
Transportation Co 1604
Cairo RR. (Catsk. Mtn.)*t 172
( aldwell & Northern RR.f 274
Caldwcll Ry. (N. Y. & G. L.) 101
Calgary & Edmonton Ry. (Can. Pac.) 815
< 'alifornia, Map of .... Bet. pp. 640 and 641
California: — State, County and City
D.l.t.s 1290
( 'alifornia — Street Railways in 884
< 'alifornia & Nevada RR 1568
California & Northern RR. (Eel R.
fc-E.) 671, 1537
< alifornia Eastern Ry. (A.T.& S.F.)f. 469
California Northw. Ry. ( Map) f. . 625, 1537
( ambria «fc Clearfield RR.f 729
Cambria & Clearficld Ry. (Pa. RR.).. 729
Cambria Terminal UU. (Camb. Steel). 1162
Camden & Burlington County UU.
(Pa. RU)*f... 721
St«am Railroads.
PAI
Cammal & Black Forest RR.f 171
Campbell Hall Connecting RR. (L.
&N.E.)f 181
Canada Atlantic Ry.f 801, 1568
Canada Coals & Ry. Co. (Ltd.)f 838
Canada Eastern Ry 839
Canada (E.S.), Map of, Bet. pp. 800 and 801
Canada (W.S.), Map of, Bet. pp. 832 and 833
Canada, Railroads in the Dominion of, 797
Canada Southern Bridge (C. So. Ry.){ 420
Canada Southern Ry. (Mich. Cent.)*t 419
Canada — Street Railways in 1 128
Canadian Government Rys 842
Canadian Northern Ry.f 802
Canadian Pacific Ry.*t 803, 1537
Cananea Consol. Copper Co.'s RR.. N7.">
Cananea, Yaqui River & Pacific RR. . 1605
Canastota Northern RR. (E. C. & N.) 687
Cane Belt RR.f 558
Cannelton Coal RR. (P., L. & W.) . . 1556
Canon City & Cripple Creek RR.
(Den. &So. W.) 484
Canton, Aberdeen & Nashville RR.
(111. Cent.) 393
Cap de la Magdeleine Ry. (Can. Pac.). 811
Cape Ann Granite RR 41
Cape Breton Ry 839, 1538
Cape Fear & Northern Ry 274
Caraquet Ry.f 839
Carbon County Ry. (Rio G. W.)f 482
Carillon & Greenville RR. f 839
Carolina & Northwestern Ry.f 274
Carolina Northern RR 274
Carrabelle, Tallahassee & Georgia
RR.f 275
Carrollton Short Line Ry 317
Carson & Colorado Ry. (So. Pac.)t. . . 658
Carthage & Adirondack Ry. (N. Y.
C. &H. R.)f 121
Carthage RR.f 275
Carthage, Watertown & Sacket's Har-
bor RR. (R., W. & O.)*f 123
Cashie & Chowan RR. & Lumber Co.f 1606
Cassville & Western Ry 1606
Catasauqua & Fogelsville RR. (P. &
R.)*t 151
Catawissa RR. (P. & R.)*t 147
Catonsville Short Line RR.t 1606
Catskill & Tannersville Ry.*t 171
Catskill Mountain Ry.f 172
Or (•) See. ulto. Statement of Dividends Paid. 1896-1903. pages 1430 to 1445. Inclusive;
(?) Table of Annual Meetings. Transfer Agencies, etc., pages 1480-1486, Inclusive.
GENERAL INDEX — STEAM RAILROADS.
37
Steam Railroads.
PAGE
Cayuga & Susquehanna RR. (D., L.
&W.)*t 86
Central Arizona Ry.f 1606
Central Branch Ry. (The) (Missouri
Pacific)! 513
Central Counties Ry. (Can. Atl.) 801
Central Dock & Terminal Ry. (P. &
R.)*t 147
Central Indiana Ry 446
Cent nil New England Ry.f 75, 1538
Central of Georgia Ry. (Afap)f ..210, 1538
Central Ohio RR. (B. & O.)f 62
Central Ontario Ry.f 839
Central Pacific Ry. (So.Pac.)*f. .650, 1538
Central RR. Co. of New Jersey (P. &
R.)*t 151, 1568
Central RR. of Pennsylvania! 172
Central RR. of Peoria (P. & P. T.Ry.) 457
Central RR. of South Carolina (A. C.
L.) 207
Central Ry. (Ltd.) 840
Central Ry. of N. B 840
Central Trunk RR. (L. S. & M. S.).. . . 412
Central Union Depot & Ry. Co.* 1607
Central Vermont Ry.f 17
Champlain Division (D. & H. Co.).. . . 81
Charleston & Western Carolina Ry.
(A.C.L.)f 208
Charleston, Clendennin & Sutton RR.f 275
Charleston Terminal Co 275
Charlotte, Monroe & Columbia RR. . . 1607
Charlottesville & Rapidan RR. (So.
Ry.)...., 258
Chartiers Ry. (P. C. C. & St. L.)*f.. . . 776
Chateaugay RR.f 172, 1538
Chateaugay Ry. (Chat. RR.)t 173
Chatham RR. (Old Col.)*t 33
Chattahoochee & Gulf RR. (Cent. 'of
Ga.)*f 215
Chattahoochee Valley RR.*f 275
Chattanooga Southern RR.f 317
Cheat Valley RR 1608
Cherry Run & Potomac Vy. RR. of
W. Va. (B. &O.) 47
Cherry Valley, Sharon & Albany RR.
(D. &H.Co.)f 81
Chesapeake & Nashville Ry 317
Chesapeake & Ohio Grain Elevator
Co. (C. &0.) 223
Chesapeake & Ohio Ry. (.Map) *f. 2 15, 1569
Chesapeake & Ohio SS. Co., Ltd. (C.
&0.) .223
Steam Railroads.
PAGE
Chesapeake & Western RR. (C. W.
Ry.)t 276
Chesapeake Beach Ry.f 173
Chesapeake Western Ry 276
Chester & Becket RR. (Bost. & Alb.)t 120
Chester & Delaware River RR. (P. &
R).f 154
Chester Creek RR. (Phil. & Bait. C.)*f 747
Chesterfield & Lancaster RR 1608
Chester, Perryville & Ste. Genevieve
Ry 558
Chester RR. (D., L. & W.) 86
Chestnut Hill RR. (P., G. & N.)*f.. . . 149
Chestnut Ridge Ry.t 173
Chicago & Alton RR. (C. & A. Ry.)*.. 329
Chicago & Alton Ry. (The)*f 327, 1538
Chicago & East. 111. RR. (St. L. & S.
F.)*t 546, 1569
Chicago & Erie RR. (Erie) 100
Chicago & Illinois Southern RR 1609
Chicago & Kalamazoo Terminal RR.. 1609
Chicago & Lake Superior Ry 1609
Chicago & Northwestern Ry.*f- . .330, 1538
Chicago & South Bend RR.f 1609
Chicago & State Line RR. (N. Y. C. &
St. L.)f... 422
Chicago & Wabash Valley RR 446
Chicago & Western Indiana RR.*f. . . 343
Chicago, Burlington & Quincy RR.
(Afop)*t 345
Chicago, Burlington & Quincy Ryf. 345,1539
Chicago, Cincinnati & Louisville RR.f 449
Chicago, Detroit & Canada Grand
Trunk Junction RR. (Gr. Trunk)*f. 831
Chic. Great Western Ry. (Afap)*f.572, 1539
Chicago, Greenville & Southern Ry.
(J. & St. L.) 355, 1539
Chicago, Illinois & Indiana Ry 1612
Chicago, Indiana & Eastern Ry.f. . . . 446
Chicago, Indianapolis & Louisville
Ry. (Afap)*f 355, 1539
Chicago, Iowa & Dakota Ry. (C. & N.
W.) 338
Chicago Junction Ry.*f 358
Chicago Junction Rys. & Union Stock
Yards Co 1164
Chicago, Kalamazoo & Saginaw Ry.*f 447
Chicago, Lake Shore & Eastern Ry. 1570
Chic., Milwaukee & St. Paul Ry.*t.359, 1539
Chicago, Peoria & St. Louis Ry. Co.
of Illinoisf 366, 1540
Chicago, Peoria & Western RR 1614
CKNKKAI. IX1»KX STEAM KAILKOAD8.
Steam Railroads.
PAUt
Chicago, Rock Island & El Paso Ky.
(C., R. I. & P.) (Map) 1531
Chicago, Rock Island & Gulf Ry.(C..
R. I. A P.) (Map.).. .. • 1531
Chicago, Rock Island & Mexico Ry.
(C., R. I. & P.) (Map.) 1532
Chicago, Rock Island & Pacific RR.
(Map) 1516
Chicago, Rock Island & Pacific Ry.
(Afap)*f 1518
Chicago, Rock Island & Texas Ry.
(C., R. I. & P.) (Afap.) 1532
Chicago, St. Paul, Minneapolis &
Omaha Ry. (C. & N. W.>*f.... 340
Chicago Short Line Ry. of Ohio 1614
Chicago Terminal Transfer RR.f. 368, 1571
Chicago Union Transfer Ry. Co.f . . . . 447
Chicago, West Pullman & Southern
Ry 1614
Chickawasaha & Jackson RR.* 1614
Chihuahua & Pacific RR.f 875
Chippewa River & Menominee Ry.. . . 1540
Chippewa Valley & Northern Ry.. 447, 1540
Chippewa Valley & Northwestern Ry.
(C.,St. P..M. &O.) 340
Choctaw & ChickasawRR. (C.O.&G.) 1531
Choctaw, Oklahoma & Gulf RR. (C.,
R. I. &P.)*t 1528
Choctaw, Oklahoma & Texas RR.(C.,
O. & G.) 1531
Christopher & Herrin RR. (111. C.) . . 1545
Cincinnati & Dayton Ry. (C., H. &
D.)t 373
Cm. & Ind. Western RR. (C. I. & L.) 446
Cincinnati & Licking River RR 1615
Cincinnati & Muskingum Valley RR.
(Pa. Co.)*f 786
Cincinnati & Southern Ohio River
RR. (C., C., C. & St. L.) 401
Cincinnati & Westwood RR.f 447
Cincinnati, Findlay & Fort Wayne
RR 1571
Cincinnati, Hamilton & Dayton Ry.
(3/ap)*t 370
Cincinnati, Hamilton & Indianapolis
RR. (C.,I. AWin.) 374
Cincinnati, Indianapolis & Western
Ry. (C., H. & D.) 373
Cincinnati, Lebanon & Northern Ry.
(Pa. Co.)t 780
1571
295
Steam Railroads.
Cincinnati, New Orleans & Texas
Pacific Ry.f 295
Cincinnati Northern RR. (C., C., C. &
St. L.) 405
Cincinnati, Ports. & Virginia RR. (N.
& W.)f 237
Cincinnati, Richmond & Ft. Wayne
RR. (G. R. &I.)f 785
Cincinnati, Saginaw & Mackinaw RR.
(Gr. Tr.) 831,
Cincinnati Southern Ry (C., N. O. &
T. P.)
Cincinnati Street Connection Ry. (L.
M. )(Pa. Co.) 778
City Terminal Ry. (C. G. W.) 577
Clarendon & Pittsford RR.*t 41
Clarion River Ry. (P., S. & N.)*f .... 135
Clearfield & Mahoning Ry. (B., R. &
P.)*t 74
Clearfield Southern RR.f 173, 1541
Clendenin & Spencer RR 1615
Cleveland & Mahoning Valley Ry.
(Erie)*f 102
Cleveland & Marietta Ry. (Pa. Co.)t-. 770
Cleveland & Pittsburgh RR. (Pa.
Co.)*f ' 766
Cleveland, Akron & Columbus Ry.
(The) (Pa. Co.)*t '. . 780
Cleveland, Cincinnati, Chicago & St.
Louis Ry. (N. Y. C.)*t 400, 1541
Cleveland, Lorain & Wheeling Ry.
(B. &O.)*f 62
Cleveland Terminal & Valley RR.
(B. &O.)*t 63
Cleveland, Wooster & Musk. Vy. RR.
(B. &O.) 61
Coahuila & Pacific RR.f 876, 1541
Coahuila & Zacatecas Ry 1617
Coal & Coke Ry 1571
Coal & Iron Ry(W.Va.C.&P.)f.... 167
Coastwise Steamship Co. (Chesapeake
&Ohio) 223
Colchester Ry. (B. & N. Y. A. L.) 29
Colebrookdale RR. (P. A R.)f 147
Colfax Northern RR.f 619
Collins & Reidsville RR.f 276
Colorado, Map of Bet. pp. 512 and 513
Colorado— State,County & City Debts 1292
Colorado — Street Railways in 892
Colorado & Northwestern Ry.f 558
yr (•) See. also. Statement of Dividends Paid. 1896-1903. pages 143O to 1445 Inclusive;
Table of Annual Meetings. Transfer Agencies, etc., pages 1460-1486 Inclusive.
GENERAL INDEX STEAM RAILROADS.
Steam Railroads.
PAGE
Colorado & Southern Ry.*t 471
Colorado & Wyoming Ry. (Col. Fuel
& I.) 1169
Colorado Eastern RR. f 558
Colorado Midland Ry. (The)f 474
Col. Spgs. & Cripple Ck.Dist.Ry.f559, 1541
Columbia & Kootenay Ry. (Canadian
Pacific) 811
Columbia & Port Deposit Ry. (P. W.
& B.)*f 746
Columbia & Puget Sound RR. (Pac.
Coast)f 1212
Columbia & Red Mountain Ry. (G.
N.)*t "588
Columbia, Newberry & Laurens RR.f 276
Columbia River & Northern Ry 1618
Columbia Southern Ry.f 670
Columbus & Cincinnati Midland RR.
(B. &O.) 62
Columbus & Lake Michigan Ry 1541
Columbus & Southern Ry 1572
Columbus & Xenia RR. (L. M.) (Pa.
Co.)*f 778
Columbus Con. & Ter. RR.(N.&W.)f. 237
Columbus, Findlay & Northern RR.
(C., H. &D.)f 373
Columbus, Hope & Greensburg RR.
(C.,C., C. &St. L.)f 404
Columbus, Kinkora & Springfield RR.
(Pa. RR.)f 721, 1541
Columbus Terminal & Transfer RR. f. 154 1
Columbus, Wellston & Southern RR. 1572
Colusa & Lake RR.*f 670
Concord & Claremont RR. (No. RR.
of N. H.)t 15
Concord & Montreal RR. (B. & M.)*f 11
Concord & Portsmouth RR. (Cone. &
M.)*t 12
Conesus Lake Ry. (Erie) 100
Confluence & Oakland RR. (B. & O.) 61
Congress Consolidated Mines Co., Ltd.,
RR 670
Connecticut, Map of ... .Bet. pp. 32 and 33
Connecticut — State, County and City
Debts 1293
Connecticut — Street Railways in .... 894
Connecticut & Passumpsic Rivers
RR. (B. &L)*f 10
Connecticut River RR. (B. & M.)*t. • 13
Connecting Ry (Pa. RR.)*f 721
Connecting Terminal RR.*f 174
Conway-Seashore RR 1618
Steam Railroads.
PACK
Cooperstown & Charlotte Valley RR.
(D. &H. Co.)f 82
Cooperstown & Susquehanna Vy.RR.f 82
Coosa Valley RR 1618
Coos Bay, Roseburg & E. RR. & Nav.
Co.f 670
Copper Range RR.f 447, 1541
Cornwall RR.*f 174
Cornwall & Lebanon RR.*f 174
Coronado RR.f 671
Corvallis & Eastern RR.f 671
Cotton Belt & Northern Ry 1618
Cotton Belt Route, Map of 548
Coudersport & Port Allegany RR.*f.. 174
Covington & Cin. Elev. RR. & Tr. &
Br. Co. (C. &O.)t 223
Crawford & Manistee River Ry.f 448
Credit Valley Ry. (Ont. & Que.) 813
Cresson & Irvona RR. (Camb. &
Clear.) t 729
Cromwell Steamship Co. (The) (So.
Pac.) 658
Crooked Creek RR. & Coal *f 619
Cross Creek RR 1572
Crow 's Nest Southern Ry . (Gr. No. ) . . 580
Crystal Ry 559
Crystal River RR. (Col. F. & I. Co.). . 1169
Cumberland & Penn. RR.(Cons.Coal)f 1174
Cumberland Ry . & Coal Co. f 840
Cumberland Valley & Martinsburg
RR. (Cumb. Vy.)f 733
Cumberland Valley & Waynesboro
RR. (Cumb. Vy.)f 734
Cumberland Valley RR. (Pa. RR.)*f. 732
Dakota & Great Northern Ry. (G. N.) 579
Dakota Pacific RR 620
Dallas & Waco Ry. (M. K. & T.) 498
Dallas Term. Ry. & Union Dep. Co.
(St. L. So. Wn.)f 553, 1559, 1572
Danbury & Norwalk RR. (N. Y., N.
H. & H.)*f 29
Dansville & Mt. Morris RR. f 175
Danvers RR. (B. & M.)t 14
Danville & Western Ry. (So. Ry.)t. . 261
D'Arbonne Valley RR 1619
Dardanelle & Russellville Ry.f 559
Darien & Western RR.f 276
Davenport, Rock Island & North-
western Ry.f. 3^4
40
• ;i.M.i;.\i. IMM:\ — STKAM RAILROADS.
Railroad!!.
PAGE
Dawson Ry. <fc Coal Co. (X. M. Ry. &
C.)t... • 527
Dayton \- Michigan II U. (('., H. &
I).)*t 373
I>:i\ton A- Union IJK.-i 375
Dayton \- Western RR. (L. M.)
(Penn. Co.).. .. ; 778
Da\ ton. Lebanon A: Cineinnati RR.f. 448
Deepwater RE. (C. &O.)t 216
D. Kalb&Gt. Western Ry. (C.G.W.). 577
Delaware. Map of ... .Bet. pp. 128 and 129
Delaware — State, County and City
Debts 1297
Delaware — Street Railways in 900
Delaware & Bound Brook RR. (P. &
R.)*t 147
Delaware & Hudson Co. (The)*t. .76, 1541
Delaware, Lackawanna & Western
RR. (Jl/op)*t 82
Delaware, Maryland & Virginia RR.
(P., W. & B.)f 747
Delaware RR. (The) (P. W. & B.)*f.. 746
Delaware River RR. & Bridge (P.
RR.)*t 728
Delaware, Susquehanna & Schuylkill
RR.*f 89
Delaware Valley & Kingston RR.
(Erie) -. 92
Delaware Valley RR.f 175
Delong & Chamberlain RR. (M. & X.
W.) 622
Denison & Pacific Suburban Ry. (T.
& P.) 557
Denison, Bonhatn & Xew Orleans RR.
(M. K. &T.) 498
Denver& RioGrandeRR.(Map)*f476, 1542
Denver & Southwestern Ry.*t 484
Denver, Lakewood & Golden RR.f.. . 559
Depew & Tonawanda RR. (L. V.).. . . 688
De Queen & Eastern RR 1620
DCS Moines & Fort Dodge RR. (C., R.
I. &P.)*t 1523
Des Moines, Iowa Falls & Xorthern
Ry.J 620
Des Moines Union Ily.f 620
Detroit & Bay City RR. (Mich. Cent.) 419
Detroit & Charlevoix RR.f 448
Detroit & Chicago RR. (L. S. & M.S. ) 412
Detroit & Mackinac Ry.*f 375, 1572
I )et roit <fc Toledo Line Shore Rv. . 448
Steam Railroads.
Detroit, Delray & Dearborn UK
(Mich. Cen.)
Detroit, Grand Haven A; Milwaukee
Ry.(G.T.)t
Detroit, Hillsdale & Southwestern
RR. (L. S. & M. S.)*t
Detroit, Monroe & Toledo RR. (I. -
&M. S.)
Detroit Southern RR.f 376,
Detroit, Toledo & Milwaukee RR.f.. .
Detroit Union RR. Depot & Station
Co. (The)*f
Dexter & Xewport RR. (Me. Cent.)*f
Dexter & Piscataquis RR.(Me. Cent.)*
Dillsburg & Mechanicsburg RR.
(Cumb. Vy.)f
Direct Xavigation Co. (The) (So. Pac.)
District of Columbia — Debt of
District of Columbia — Street Rys. in.
Dominion Atlantic Ry
Dominion of Canada — Steam RRs. in
Dominion of Canada — Street Rys. in.
Dothan, Hartford & Florida RR
Dover & Rockaway RR. (C. RR. of
X.J.)*t
Downington & Lancaster RR. (Pa.
RR.)t
Drummond & Southwestern Ry.t.. . .
Drummond Count}' Ry. (Can. Gov.
Rys.)t -
Dry Fork RR.t
Du Bois & Southwestern RR. (B. & S . )
Dubuque & Sioux City RR. (Ill.C.) *t
Duluth & Iron Range RR. (U. S. Steel)
Duluth & Xortheastern RR.f
Duluth & Xorthern Minnesota RR.*f
Duluth, Missabe & Xorthern Ry. (U.
S. Steel) ....
Duluth, Missabe & Western Ry
Duluth, South Shore & Atlantic l!y.
(Can. Par. )f
Duluth Terminal Ry.(E. Ry. of Minn.)
Duluth, Virginia & Rainy Lake Ry.t.
Duluth, Watert'n & Pac. Ry. (Gr.
Xor.)
Dunbar & Wausaukee Ry
Dunkirk, Allegheny Valley & Pitts-
burgh RR. (X. Y. C. & H. R.)f.
Durham & Charlotte RR.f
Dutchess County RR. (C. N. E. Ry.)t
419
831
414
412
423
448
22
f 23
734
658
1297
902
840
797
1128
1621
153
719
449
842
277
1506
399
1254
1621
620
1255
1621
817
580
620
587
449
125
277
76
ry~ (•) 8*«, also, Statement of Dividends Paid, 1896-1903, pages 1430 to 1445, Inclusive ;
(M Table of Annual Meetings, Transfer Agencies, etc., pages 1400*1486, inclusive.
41
5IMON BORG & CO.,
BANKERS,
No. 20 Nassau Street, = New York.
MEMBERS OF THE NEW YORK STOCK EXCHANGE.
INVESTMENT SECURITIES.
Bonds and Guaranteed Stocks for Banks, Institutions,
Estates and Individual Investors a Specialty.
CIRCULAR AND PRICES UPON APPLICATION.
NEW YORK. BOSTON
H. W. POOR & CO.,
BANKERS,
33 Wall Street, - NEW YORK.
52 Devonshire Street, - BOSTON.
INVESTMENTS IN RAILROAD BONDS A SPECIALTY.
Orders Executed on the New York and London Stock Exchanges.
CORRESPONDENCE INVITED.
<,KNKUAI. IXI»KX MTKAM UAIMO >.\l><.
Eagle* Mere RR. (W A X B. RR.)t. 197
EMI A Wert RR 1572
K.I.I Berlin RR 1572
E«*t Broad Top RR A Coal Co f .... 1 7->
Ewit Carolina Ry 277
EMtera Kentucky Ryf 318
EMtern Maine Ry ( Me Cent.) *f. . 23
Eastern Ohio RR . (B AO.) 61
EMtern Oklahoma Ry (A ,T A 8. Fe) 461
EMtern Ry. of Alabama 318
EMtern Ry. of Minnenota (Gt. Nor.) . 586
EMtern TCXAM RR 560
Eaiit Jordan A Southern RRt 449
Eaat Louisiana RRt 318
Rant Mahanoy RR (P. A R )*f 147
Eaiiton A Amboy RR. (L. V. of N. J.)f 687
Ka*ton A Northern RR. (L. V.)f 686
Ea»t Pennaylvania RR (P A R.)*t. - 147
Kant St F,oui* A Carondelet Ry. (T.
RR. Aa.)f 568
Ea*t St Louis Connecting Ry.f 449
Eajit Tenn A We»t.No.Carolina RR.f- 277
Kant Trenton RR (P. A R )f 147
Eau Claire, Chippewa Fall* A North-
eatttern Ry. (C., 8t. P , M. A O.). . . 340
Ebennburg A Black Lick RR. (Camb.
AH)t 730
K.l«lv»tr,t.«- A Delaware River RR.*f 175
K<lRmfK)r A Manetta Uy 1622
Eel River A Eureka Rlt.f 671, 1542
Egypt Ry 277
KIlM-rton Air Line RR. (So. Ry.) 258
Elgin A Havelock Ry.f 841
Elgin, Joliet A Eastern Ry. (U. S.
Steel Co).. 1255
Elk A Highland RR 176
Elkton A Cluthrie RR. (L * X )f. .{i(t)
Elkton A Mid<lleto»n RR. of Ocil
Co(PWAB)t 747
Ellaville, Wentlake A 4enning» RR. . . 1622
Ellen ville A KingMon RR (N Y.r O
133
Elliott A Mount Holly Ry ift22
KlliHton A Southern RR. 021
Ell wood, Andenton A La Pellc RR
<!<'.H «««•!) 1256
Wwood C'onneeting RR. (P. A L. E.) 129
KlUood Short Line RR (|». A W.). 65
Elmira A Lake Ontario RR (NVCen.) 743
Steam Railroad*.
Klniira AWilliamsport RR i N
Klmira,CortlandANorth RR.(L.Vy.).
Elmira State Line RR (Erie)*t
El Paao A NortheMtern RR. (N. M.
Ry. AC.)t
El Paao A NortheMtern Ry.
Ry.AC.)t
El Paso A Rock Island Ry.(N. M. Ry.
AC.)t
El Paso A Southwestern RR
El Pauo Southern Ry 16
Emmittsburg RR.t 15
Emporia A Gulf RR
Emporium A Rich Valley RR.t
Englewood Connecting Ry.(P
A St. L.)*t
Enid A Anadarko Ry.(C., R. I. A P.) .
Erie A Black Rock RR. (Erie) 1
Erie A Cent New York RR.t 1 70
Frie A Kalamazoo RR.(L.S &M.S.)*f 4
Erie A Pittsburgh RR. (Pa Co.)*t- - - 7i
Erie A Wyoming Valley RR. (Erie) . .
ErieRR.*t
Fseanaba A Lake Superior RR.t
Esquimalt A Nanaimo Ry.t
Etna A Mont rose RR .( I
Kureka & Klamath River RR.t
Kureka <t Palisade Ry.t
European A North American Ry.f Me.
Evannville A Indianapolis RR. (E. A
T.H.).t
Evansville A Terre Haute RR.*t..T
Evansville Belt Ry.t
Kvansville,Su'banANewburKhKy.449, U
Fairrhild A Northeastern Ry..
Fairland, Franklin «fe Martinsville lili
(C. C C ASt L)
Fairmont, Morgantown A Pittsburgh
RR (B. AO.)
Fall Brook Ry f.V Y. C. A" M I: ' H
I arriH-r^' flrain A Shipping < '» '- I'll. 621
Farm ville A Po\vh:it:m RR t 277
Fayett»- County RR. (FV AO.) '•'
Findlay, Fort Wayne A Western
(C, H AD)t..
T * i It ASr«.
, Paid. 19M.1903. p»««. 1480 to 144*. Inclutlv*?
Trtiufer Af«nd«., tte, p«f«* I4fllo.l4»a. Incline-
INDEX— tTTKAM tULlLl.
II
KU
•HUC RR (B 4M ... 13
/»Vr
.-.U\ amirilylVlM*
«HH»
It'CM
A IVni'n UK - \ 1
;> • i
lUml KU
•.•lllhtTIt UU vllu-)V \ « 1
•••
•-'UMV KN 1573
ih« A- liulcm SJMIKCS KN ,,
i> KU *t ITU
<>-n KN 1023
t-tMircUU 1024
rnRK MJU. IA73
••< UN 1024
UU I ^ A
M - •« n «
U% *f. ...
L
Jk 8 I
•M-mn:Ul UN <
n
2S8
shn A lihun Ui: A
i a
N h u \
\ •.. v»hui I
KU (Pa UU ^ TM
N UN !..;•-
-nun V:»U.-\
uu .<A\ \\ aau
s- Y ( A n u lao
•UK)
KN < 4dQ
Q«d- .iin uu , \ «;• - »f 266
leJl UiiH Ry,*| 278
ItU
ini
IB 1573
, • mi:i
L624
:i>: A >:ili VnUUlio
589
UK t
U\
ltt. \ \ ,
UUK UU •*
NftVatt^OftMl UK N\ N \
A r
r,ruo^> Vnllvy IVnuiniU KU N\ \
^ A r
i«M»r^V Tn^k A rumhrrldml U U
cv^YaJloy UK
Uwrftvlvnxu A \\\>u-ru UK •
Q«ort«towa UU (\\\i fcG N
cia. M»|» of *»Vi w
•-V
SltmM ltMilwM>>iu
' UN
kkb«u*R) *
UN (8(1 UN •
U\ '
HM
\\VMrrnlUl.t
<
l.-UUKK <l» A II OttO
«>ml«U»iu UK (\ J A
r«.Mi'. Nrl.rtlrm A Ptdft UN -
iloalwtt A l^okriu-Nx „ U N
\\\\-\\\ A «'-NN, C:U> lu-- UU (K
A U U (1
MMnrut U\* >r«UJul:»> il» O|M'n»-
n-
(5r»ftun & IMiuptftt UK (M A 1> )
A Unins««»-k UU ..
A Ipt^n UU *<
Unni- 1 '
& Si«mliwi*t-
0' M K.
\ : :
27\»
b UU A
•\nlu-rn A rU.n\l.-» UN *< 22W,
N*JMirsAIUrr»slM»i:Ux > V A K (1
Uiln YrtlU-y. I;MM' A \«.rlli^ni UN
r.huJr rix . -k A Unlcinh HU
NN UN '
27t»
;.vi
27tl
1543
224
1543
T3t»
2T»
IT;
072
102
121
01
TR2
UinmlTrunk \V.-t..n 1; if
MRlKy (St<L 8*.
\\
44
..r.M.IIAl. INDKX STEAM KAILROADfi.
Steam Railroads.
PAGE
Great Neck A Port Washington Ily.
(L.I.) 738
i Northern Ry.*t 578,1573
C.n-at Northern Ry. Co of Canada. . . 834
• Northwi-st Central Ry. (Can.
Pnc.) 811
Green Hay & Western HR.*t 381
;,l.rier Ry. (C. & O.)f 223
Cn-i'iie RR. (I> . I. .V W.)*f 8G
Greenville & Hudson Ry. (L. V. of
N .1.) 687
Cireenwich «t Johnsonvillc Ry.*t 178
Greigsvillefc Pearl Creek RR 1627
Groves & Sand Ridp- RR. (111. C.) . . . 1545
Quelph Junction Ry. (Can. Pac.). . .. 812
Gulf A: Chicago RR.*f 319, 1575
Gulf & Interstate Ry. of Texasf . .560, 1544
Gulf & Ship Island RR. (Map)\ 1509
Gulf, Beaumont & Great Northern
RR. (G. B. &K. C.)t 469
Gulf, Beaumont & Kansas City Ry.
(A..T. &S. F.) t 469
Gulf, Colorado & Santa Fe Ry. (A..T.
&S. F.) 467
Gulf Shore Ry 842
Gulf, Western Texas & Pacific Ry.
(S. P.)f 660
Gunpowder Valley RR 1627
Guthrie & Western Ry. (A., T. &
S. F.) 461
Guyandot Valley Ry. (C. & O.)f 223
Hackensack & Lodi RR. (N. Y., S. &
W.) 106
H:ilifax&Yarm'thRy.,The(Ltd.)t842, 1544
Hampton & Branchville RR.f 280
Hampton & St. Martin 's Ry 843
Hancock & Calumet RR. (Min. R.)*f. 456
Hannibal Union Depot Co.f 560
Hanover & Newport RR. (D., L. & W.)
Harbor Springs Ry 1627
Hanhvick & Woodbury RR 42
Harlem River & Portchcster RR.
(N Y..N. H. &H.)t 29
Harrirnan & Northeastern RR.f 319
Harrisburg, Portsmouth, Mt. Joy &
Lancaster RR (Pa IlR.)*f. . 722
Steam Railroads.
Harrison Branch RR. (C., C., C. &
St. L.)
Hartford & Connecticut Western RR.
(C. N. E.)
Hart well Ry. (So. Ry.) 20 1, 1
Harvey Branch Ry. (Alb. So.) 83
Hawkinsville & Florida SouthernRy.f 16:
Hawthorne, Nebagamon & Superior
RR.t 4
Hayt 's Corners, Ovid & Willard RR.
(L.V.)
Hazelhurst & Southeastern Ry.f 4
Hearne & Brazos Valley RR.*t 56
Hecla& Torch Lake RR..f 45
Henderson & Overton RR. (I. & G.N.) 4
Henderson Bridge & RR. (L. & N.)*t 30
Hereford Ry. (Me. Cent.)*f 2
Hetch-Hetchy & Yosemite Valleys
Ry. of Cal 6
Hibernia Mine RR. (C.RR.of N.J.)*t- 15
Hickory Valley RR 162
Hidalgo & Northeastern RR 16
High Point, Randleman, Asheboro &
Southern RR (So. Ry.) 25
Hillsboro' & Northeastern Ry 162:
Hocking Vy. Ry. (The) (Afop)*t-.382, 1
Hodgenville & Elizabethtown Ry.
(111. C.) 3
Hoffman & Troy RR 16!
Rollins, Helflin & Sylacauga RR 16:
Holly River & Addison Ry.f 2
Holston Valley Ry 16:
Holyoke & Westfield RR. (N. H. &
N.)*t
Home Avenue RR.(C., H. & D.)t • • • •
Hoosac Tunnel & Wilmington RR.*t-
Hopatcong RR. (D., L. & W.)
Houston & Shrevep't Ry. (So. Pac.)t
Houston & Texas Central RR. (So.
Pac.)f
Houston, Brazos & Northern Ry
Houston, East & West Texas Ry. (So.
Pac.)f 66
Hoyt & Woodin Mfg Co.'s RR 16:
Hudson Highland Bridge & Ry.f 17
Hunter 's Run & Slate Belt RR.f 1
Huntington & Big Sandy RR. (Ohio
R.)t
Huntingdon & Broad Top Mountain
RR. &CoalCo.*t... 1
(.61
,
. VIs**' *.'!?• 8«»t€»«*nt» of Dividends Paid, 1896-1903. paxes 143O to 1445. inclusive;
able of Annual .Meetings Transfer Agencies, etc.. pages 14BO-14NH. Inclusive..
GENERAL INDEX — STEAM RAILROADS.
Steam Railroads.
PAGE
I
Southern Ry. (N. & W.) 233
Iberia * Vermilion RR. (So. Pac.)t- • 663
I<hiho, Map of 'Bet. pp. 608 and 609
Idaho— State Debt 1301
Idaho— Street Railways in 910
Illinois, Map of ..... .Bet. pp. 416 and 417
Illinois— State, County and City
Debts 1301
Illinois — Street Railways in 910
Illinois Central RR.*t 392,1545
Illinois Northern Ry 1629
Illinois Southern Ry. (The)f 451
Illinois Terminal RR.f 451
Illinois Valley Belt Ry 1629
Ilwaco Ry. & Navigation Co. (U. P.).. 618
Independence & Monmouth Ry.f. . • • 1629
Indiana, Map of Bet. pp. 384 and 385
Indiana — State, County and City
Dcbts 1303
Indiana — Street Railways in 926
Indiana Branch (B., R. & P.) 72
Ind., Dec. & West. Ry. (Map) (C.,1.
& W.) 374
Indiana, 111. & la. RR. Co. (The)
(N. Y. C.)*f 407, 1545
Indiana Northern RR.f 451
Indianapolis & Vincennes RR. (Pa.
Co.)t 779
Indianapolis Union Ry 451
Indiana Stone RR. (C., I. & L.)t 358
Indian Territory, Map of .Bet. pp. 480and481
Intercolonial Ry. (Can. Gov. Rys.). . . 842
International & : Gr. Northern RR.f. . 487
International Bridge Co. (Gr. Tr.)*.. . 830
Interoceanic Ry. of Mexico [Acapulco
to Vc;ra Cruz] (Ltd.) t 854
Interstate RR.f 280
Inverness Ry. & Coal Co 843
lola & Northern Ry 452
Iowa. Map of Bet. pp. 480 and 481
Iowa — State, County and City Debts. 1360
Iowa — Street Railways in 931
Iowa & St. Louis Ry 561, 1545
Iowa Central & Western Ry. (la. C.)f 593
Iowa Central Ry. (A/ap)*f 589, 1575
Irondale, Bancroft & Ottawa Ry.f. . 843
Iron Mountain RR. of Memphis (St.
L.,I. M. &S.) 520
Iron Mountain Ry. 1630
Iron Ry. (Det. So.)t 378
IrontonRR.*f-. 178
Steam Railroad*.
Island RR.f 1630
Ivorydale & Mill CreekValley Ry.f452.1546
Jackson RR 1630
Jackson & Northern RR 1631
Jackson, Lansing & Saginaw RR.
(Mich. Cent.)*f 419
Jackson Springs RR. (Aber. & Ash.) . 272
Jacksonville & St. Louis Ry 354
Jacksonville & Southwestern RR.f.. . 280
Jacksonville Terminal Co 1546
JarifetoSvn & Chautauqua Ry.f 179
Jamestown & FrankHn RR. (L. S. &
M. S.)t 415
Jamestown, Chautauqua & Lake Erie
Ry.f 178
Jefferson RR. (Erie) 100
Jefferson & Northwestern Ry 1631
Jerome Park Ry.f 179
Jersey City Belt Line Ry. (L. Vy.).. . . 687
Johnsonburg & Bradford RR. (B.,R.
&P.)t ..." 74
Johnsonburg RR. (Pa. RR.)f 722
Johnstown & Stony Creek RR. (U. S.
Steel) 1256
Joliet & Chicago RR. (C. & A.)*t- • • • 329
Joliet & Northern Indiana RR. (Mich.
Cen.)*t 419
Jonesboro, Lake City & Eastern RR.f 561
Junction RR. (P., W. & B.)*t 747
Kalamazoo, Allegan & Grand Rapids
RR. (L. S. & M. S.)*t 415
Kalamazoo & South Haven RR.
(Mich. Cen.)f 419
Kalamazoo & White Pigeon RR. (L.
S. & M. S.) 412
Kanawha & Coal River Ry.f 1631
Kanawha & Mich.Ry.(T. & O.C.)f390, 1575
Kanawha & Pocahontas RR.(C. & O.) 223
Kanawha, Glen Jean & Western RR.. 1546
Kane & Elk RR 179
Kankakee & Seneca RR. (C., C., C. &
St. L.)t 405
Kanona & Prattsburgh Ry.f 179
Kansas, Map of Bet. pp. 544 and 545
46
ESTABLISHED 1865
HAMBLETON & CO.
BANKERS AND BROKERS
Members New York and Baltimore Stock Exchanges
BALTIMORE, MD.
Commission Orders Executed— Special Attention Given to Investment
Securities— Deposit Accounts Received Subject to Check
GENERAL INDEX STEAM RAILROADS.
47
Strain Railroads.
PAGE
Kansas — State, County and City
Debts 1308
Kansas — Street Railways in 934
Kansas & Ark. Valley Ry. (St. L.,
I. M. &S.)t 520
Kansas & Colorado Pacific Ry. (Mo.
P.)t 512
Kansas & Southern Ry 1651
Kansas City & Memphis Ry. & Bridge
Co. (St. L. & S. F.)f 543
Kansas City & Southwestern Ry.
(Mo. P.)f 512
Kansas City & Southwestern Ry. of
Mo. (Mo. P.) 512
Kansas City Belt Ry.*f 561
Kansas City, Clinton & Springfield
Ry.t 490
Kansas City, Fort Scott & Memphis
Ry. L. (St. L. &S. F.)t 544
Kansas City, Memphis & Birmingham
RR. (St. L. &S. F.)f 544
Kansas City, Mexico & Orient Ry.
(The)f 561
Kansas City Northwestern RR. (Mo.
P.)t 512
Kansas City, Peoria & Chicago Ry.
(Q.,0. &K. C.) 564
Kansas City, St. Louis & Chicago RR.
(C. &A.)*f 329
Kansas City Southern Ry. (The)f-. . . 491
Kansas Southwestern Ry. (The)f 562
Kaslo & Slocan Ry. (Koot. Ry. &
N.) 844
Keating & Smethport RR 179
Keeseville, Ausaole Chasm & Lake
Champlain RR.f 179, 1575
Kelly 's Creek RR 1632
Kennebec Central RR.*f 42
Kennebunk & Kennebunkport RR.
(B. & M.)*f 14
Kenova & Big Sandy RR. (N. & W.)f 234
Kent Northern Ry.f 843
Kentucky, Map of Bet. pp. 288 and 289
Kentucky — State, County and City
Debts 1310
Kentucky — Street Railways in 936
Kentucky & Indiana Bridge & RR.
(The) 319
Kentucky & Tennessee RR 1632
Kentwood & Eastern RR 1632
Keokuk & Des Moines RR. (C., R. I.
*P.)*t . 1524
Steam Railroads.
PAGE
Keokuk & Hamilton Bridge Co.f 621
Kersey RR. (P. S. & N.) 135
Ketner & Kay Fork RR.f 180
Kewaunee, Green Bay & Western
RR.f 452
Kingfield & Dead River RR. (Frank.
&M.) 41
Kingston & Pembroke Ry.f 844
Kinkora & New Lisbon RR 1546
Kinniconnick & Freestone RR. (C.
&O.)t 223
Kinston & Carolina RR 1632
Kinzua & Tiona RR.f 180
Kinzua Hemlock RR. (Mt. J., K. &
R.)t - 185
Kinzua Ry. (W. N. Y. & P.) 727
Kinzua Valley RR. (W. N. Y. & P.). . 727
Kishacoquillas Valley RR. f 180
Klamath Lake RR . . . 1546
Knoxville & Bristol Ry 1546
Knoxville & Ohio RR. (So. Ry.) 258
Knoxville, La Follette&JellicoRR. 299,1546
Kootenay Ry. & Navigation Co 844
Kootenai Valley Ry. (K. R. & Nav.) . 845
Kushequa RR. (Mt. J., K. & R.) 185
Kymulga & Coosa River RR 1632
Lackawanna & Montrose RR. (D., L.
& W.)*t '. 88
La Fayette Ry 319
Lake & River Ry 1547
Lake Champlain & Moriah RR.*f. ... 180
Lake Champlain & St. Lawrence Junc-
tion Ry. (Mont. & Atl.)t 816
Lake Charles & Leesville Ry. . ..?..'". 1633
Lake Erie & Detroit River R}'. (Pere
M.)f " 427
Lake Erie & Western RR.*t 408
Lake Erie, Alliance & Wheeling RR.
(N. Y. C.)f 423
Lake Shore & Mich. South. Ry.*t 411
Lake Side & Marblehead RR.f 452
Lake Superior & Ishpeming Ry.*t • . • 453
Lake Superior Terminal & Transfer
Ry.f 453
Lake Tahoe Ry.& Transp. Co. ... 672, 1547
Lake Temiscamingue Colonization
Ry. (Can. Pac.) 812
Lake Terminal RR. (U. S. Steel) 1256
1. 1. M: UAL INDEX — STEAM UAILROADS.
Steam Railroads.
PAGE
I.:u.. :IM.T\ Chester Ry.*t 28°
Lancaster & Rending Narrow Gauge
KU (Pa RR.)t 728
Lancaster, Cecil & South UR. (B &
O.) 61
Lanrn^tur. o\f,,r<l A: Southern RR.f 180
Laramic, Hahn's Peak & Pacific RR . 1634
illr .V- Bun-ail County RR.*t 453
I.' Assomption Ry 845
Laurel A: Tullahoma Western Ry. ... 1634
Ln\vrpuc«'ville Branch RR.f 280
I.<-:iming'n & St. Clair Ry. (Can.
South)t 420
I..-:iYi-nworth & Topeka Ry. (The)f . . 562
Leavenworth, Kansas &. Western RR.
(V. P.)t 618
Leavenworth Tenn.Ry.& Bridge Co.f 562
Ln-toniaRR.t 181
Lrhiph & Hudson Riv. Ry.f 109
Lehigh & Lackawanna RR. (C. RR.
of X. J.)t 153
Lehigh & New England RR.f 181
Lehigh & New York RR. (L. V.)f. ... 689
Lehigh & Oxford Ry 1634
Lehigh & Susquehanna RR. (C. RR.
of N. J.) 153
Lehigh Valley Coal Co. (L. V.) 689
Lehigh Valley RR. (Map)f 679, 1547
Lehigh Valley RR. of X. J. (L. V.). . . 687
Lehigh Valley Ry. (The) (L. V.) 688
Lehigh Valley Ry. f 688
Lehigh Valley Term. Ry. (L. V. of N.
J.)t 687
Lenora Mount Sicker Ry 845
Le Roy & Caney Valley Air-Line RR.
(Mo. P.)f 512
Lethbridge Land Co., Ltd. (A. Ry. &
C.) 836
Lewisburg & Buffalo Valley RR 181
Lewisburg & Tyrone RR. (Pa.RR.)f. 722
Lewiston & Auburn Branch RR. (Gr.
Tr.)* 830
L« wiston «fc Southeastern RR 1634
Lexington & Big Sandy Ry. (C.& O.)t 224
Lexington <fe Eastern Ry.t 319, 1548
Lexington Terminal RR. (Ga. RR.)f. 228
Lic-k Creek & Lake Erie RR 1635
Licking River RR.t 320
Ligonier Valley RR.*f 182
Lime Rock RR.*f.. 42
Steam Railroads.
PAGE
Lindsay, Bobcaygeon & Pontypool
Ry .... 1575
Linehan Ry. Transfer Co 1 1!)7
Liuville River Ry 1635
Litchfield & Madison Ry. (C. P. & St.
L.) 367, 1540
Little Falls & Dolgeville RR.f 181
Little Kanawha RR.f 281
Little Miami RR. (Pitts., C., C. & St.
L.)*t 777
Little River Valley Ry f>oi>
Little Rock & Fort Smith Ry. (St. L.,
I. M. &S.)t 520
Little Rock & Hot Springs Western
RR. (Mo. P.) ! 522
Little Rock Junction Ry. (St. L., I.
M. &S.)f 520
Little Schuylkill RR. (P. & R.)*f. ... 147
Live Oak & Gulf Ry 281
Livonia & Lake Conesus RR.*f 1635
Lockhart RR. (So. Ry.) 259
Lodi Branch RR. (N. Y., S. & W.). . . 106
Logansport & Toledo Ry . ( Pa. Co. ) t . 790
London & Port Stanley RR.(L. E. &
D. R.) 428
Long Bell Ry. System 1635
Long Dock Company (Erie) 100
Long Island Extension RR. (L. I.). . . 735
Long Island RR. (Pa. RR.)*f 734
Long Island RR., North Shore Br. . . . 7:is
Lotbiniere & Megantic Ry.t 845
Louisiana, Map of Bet. pp. 288 and 289
Louisiana — State, County and City
Debts 1312
Louisiana — Street Railways in 9:W
Louisiana & Arkansas Ry. ( A/"ap)f. . . 1512
Louisiana & Missouri River RR. (C.
&A.)*f 330
Louisiana & Northwest. RR.f 320
Louisiana & Pike County RR.(Wab.) 437
Louisiana Ry. & Nav. Co 321
Louisiana Southern Ry.f 321
Louisiana Western RR. (So. Pac.)f. . 663
Louisville & Atlantic Ry.f 321
Louisville & Jeffersonville Bridge Co.. 1 1 (.)7
Louisville & Nash. RR. (3/ap)*f 297, 1575
Louisville & Nashville Terminal Co.
(L. &N.)f 306
Louisville & Wadley RR.f 281
Louisville Bridge Co. (Pa. Co.)*f. ..... 787
•
1OT (•) S*«. alM>. Statement of Dividends Paid. 1896-1903. pages 143O to 1445. Inclusive;
Table of Annual Meetings, Transfer Agencies, etc.. pages 146O-1486. Inclusive.
GENERAL INDEX STEAM RAILROADS.
Steam Railroads.
PAGE
Louis., Henderson & St.Louis Ry.t308,1548
Louisville, New Albany & Corydon
RR.t 453
Lowell & Andover RR. (B. & M.)*t - • 14
Loyalsock RR. (L. V.) 687
Lykens Valley RR. & Coal. (No.
Cen.)*f 743
M
McCloud River RR.*f 672
McKean & Buffalo RR.(W.N.Y.&P.). 727
McKeesport Connecting RR. (U. S.
Steel) 1256
McKeesport Term. RR. (U.S. Steel). . 1256
Macon & Birmingham Ry.f 281
Macon, Dublin & Savannah RR.t 281
Macopin RR. (N. Y., S. & W.) 106
Madison, Illinois & St. Louis Ry. (St.
L..M. B.T.)t 566
Mahoning Coal RR. (L. S. & M. S.)*t- 415
Mahoning State Line RR. (P.& L.E.). 129
Mahoning Valley RR. (B. R. & P.)*t- 74
Mahopac Falls RR. (N. Y. & P.)t 122
Maine, Map of Bet: intro. and p. 1
Maine— State, County andCity Debts, 1312
Maine — Street Railways in 940
Maine Central RR.*t 19, 1548
Mammoth Cave RR 321
Mauahawkin & Long Beach Tr. Co. f . 182
Manchester & Keene RR. (Bost. & L.) 11
Manchester & Lawrence RR. (B. &
M.)*t 14
Manchester & Oneida Ry.f 621
Manistee & Grand Rapids RR.t 453
Manistee & Luther RR.t 454
Manistee & Northeastern RR.t 454
Manistique, Marquette & Northern
RR 454
Manistique Ry.*f 454
Manitoba & Northwestern Ry. (Can.
Pac.) 812
Manitoba S. W. Colonization Ry.
(Can. Pac.) 812
Manitou & Pike's Peak Ry. t 562
Mann's Creek RR 1637
Mansfield Ry. & Transportation Co.*f 321
Manufacturers' Ry 1637
Marginal RR. (Pa. Co.) 770
Mari-'opa & Phoenix & Salt River
Valley RR.f 672, 1576
Steam Railroads.
PAGE
Marietta, Columbus & Cleveland RR. 455
Marine Ry.f. 182
Marinette,Tomahawk &Western Ry.f 455
Marion & Rye Valley Ry 282
Marquette & Southeastern Ry 455
Marshall, Timpson & Sabine Pass Ry.
(T.,S. V. &N.)f 570
Maryland, Map of. . . .Bet. pp. 128 and 129
Maryland — State, County and City
Debts 1314
Maryland — Street Railways in 945
Maryland & Pennsylvania RR.f 182
Mason & Oceana RR 455
Mason City & Fort Dodge RR. (C.
Gt. W.)t 577
Masontown & New Salem RR. (U. S.
Steel) 1256
Massachusetts, Map of. . Bet. pp. 32 and 33
Massachusetts — State, City and
County Debts 1316
Massachusetts — Street Railways in. . 947
Massawippi Valley Ry. (Bost. & L.)*f 1 1
Massena Terminal RR.t 183
Massillon & Cleveland RR. (P., F. W.
&C.)*f 763
Mattoon Ry 1638
Matehuala RR 876
Mauch Chunk, Summit Hill & Switch-
back RR. (C. RR. of N. J.).... 154
Maysville & Big Sandy RR. (C. & O.). 224
Mead Run RR. (Mt. J., K. & R.) 185
Meadville, Conneaut Lake & Lines-
ville RR. (B. & L. E.). . 1253
Medix Run RR.t 183
Mercer Valley RR 183
Mesabe Southern Ry 621
Metropolitan Southern RR. (B. & O.) 61
Mexican Cent, Ry. Co. (Ltd.) (Map)} 857
Mexican Great Eastern Ry 1576
Mexican International RR.t 872
Mexican Mineral Ry 1548
Mexican National Construction Co. . . 1638
Mexican Northern Ry.*t. • • 864
Mexican Ry. Co. (Ltd.)*t 864
Mexican Southern Ry. (Ltd.) t 866
Mexico, Railroads in 854
Michigan, Map of Bet. pp. 440 and 441
Michigan — State, County and City
Debts 1341
Michigan— Street Railways in 970
Michigan Air Line RR. (M. C.)t 419
Michigan Air Line Ry. (Gr. Tr.)t. ... 833
,l.NKi;.\I. IMiKX STKAM RAILROADS.
Mraiu Knilrouil*
i- AGE
Mirhigan Cent. RR. (N. Y. C.)*t • • • • 415
Michigan Midland & Canada RR.
(Can. S.)t 420
Michoacan & Pacific Ry. (Ltd.) (X.
RR. of Mex.) 872
Middleburg & Schoharie RR.*f 183
Middlesex Ry. (L. V. RR. of N. J.).. . 688
Middlesex Valley RR. (L. V. Ry.).. . . 688
Mi'ldletown & Crawford RR. (Erie)*t 101
Middletown & Hummelstown RR.(P.
&R.)f 155
Middletown, Meridcn & Waterbury
RR. (N. Y., X. H. & H.)f 29
Middletown, Unionville & Water Gap
RR. (X. Y., S. & W.)t 107
Midland Ry. (Ltd.) 845
Midville.Swainsboro & Red Bluff RR. 1639
Milford & Woonsocket RR. (N. E.) *f 30
Milford, Franklin & Providence RR.
(N. E.)* 30
Milford, Matamoras <fc Xew York RR. 183
Mill Creek & Mine Hill Navigation &
RR. (P. &R.)*t 148
Millen & Southwestern RR 282
Miller County RR 1639
Millstone & Xew Brunswick RR. (Pa.
RR-)t 728
Mill Valley & Mt. Tamalpais Scenic
Ry.t 673
Milwaukee, Benton Harbor & Colum-
bus Ry. (Pere Marq.)f 428
Mine Hill & Schuylkill Haven RR.
(P. &R.)*t 148
Mineral Range RR.*f 455, 1577
Minn. & St. Louis RR. ( Afap)*f 593
Minneapolis Eastern Ry.f 621, 1549
Minneapolis, St. Paul & Ashland Ry.. 622
Minneapolis, St. Paul & Sault Ste.
Marie Ry. (Can. Pac.)t 819, 1549
Minneapolis Union Ry. (Gt. Xor.)*f. . 587
Minneapolis Western Ry. (Gt. Xor.)*f 587
Minnesota & International Ry. (X.
P-)t 606, 1549
Minnesota & Xorth Wisconsin RR.
(The) 622
Minnesota, Map of Bet. pp. 584 and 585
Minnesota— State, County and City
Debts 1344
Minnesota— Street Railways in 978
Minnesota Transfer Ry.t 622, 1549
Steam Railroads.
Mississippi, Map of.. . .Bet. pp. 288 and 289
Mississippi — State, County and City
Debts 1347
Mississippi — Street Railways in 980
Mississippi River&Bonne Terre Ry.*f 563
Mississippi, Arkansas & Western Ry. 563
Mississippi River, Hamburg & West-
ern Ry. (Mo. Pac.)f 522
Missouri & Louisiana RR 1640
Missouri, Map of Bet. pp. 480 and 481
Missouri — State, County and City
Debts 1347
Missouri — Street Railways in 981
Missouri, Kansas & Oklahoma RR.
(M., K. &T.) 499
Missouri, Kansas & Texas Ry.
(Map)t 493,
Missouri, Kansas&Texas Ry.of Texas
Missouri Pacific Ry. (The) (A/ap)*f. .
Missouri Pacific System (The) (Map)
Missouri Southern RR.f 563
Mobile & Bay Shore Ry. (M. & O.)f . . 271
Mobile & Birmingham RR. (So. Ry.) 259
Mobile & Ohio RR. (Map) (So.
Ry.)*t 266, 1550
Mobile, Jackson & Kansas City
RR.f 321, 1577
Mohawk & Malone Ry. (X. Y. C. &
H. R.)*t 121
Mohawk RR.(Min. R.) 456
Mohnsville & Adamstown RR.f 183
Moncton & Buctouche Ry 845
Monongahela & Washington RR.(Pa.
RR.) 728
Monongahela Connecting RR.*f 184
Monongahela River RR. (B. & O.).. 61
Monson RR.f 43
Montana, Map of Bet. pp. 608 and 609
Montana — State, County and City
Debts 1349
Montana — Street Railways in 986
Montana & Great Northern (G. X.). . 580
Montana Central Ry. (Gt. No.)*t .... 588
Montana RR.f 622
Montauk Extension RR. (L. I. RR.) . 738
Monte Cristo Ry. (Xo. Pac.) 606
Montfort & Gatineau Colonization
Ry.t 845
Montgomery & Erie Ry. (Erie)*t- . . . 102
Montour RR.t 184
1550
499
504
499
• f Ti ^»A?*f *i'«' St.mt*m'nt °r Dividends Paid. 1896-19O3, pages 143O to 1445, Inclusive;
•f Annual Meeting. Transfer Ajcenrles. etc.. pax** 1460-14*6. Inclusive.
51
H. W. POOR & CO.,
BANKERS,
NEW YORK. BOSTON.
Orders Executed for all Securities Dealt in at
the New York Stock Exchange.
RAILWAY INVESTMENT
A SPECIALTY.
We are in correspondence with nearly every
Railroad Company in the Country through
our connection with
"POOR'S MANUAL OF RAILROADS."
which gives us special advantages for in-
formation for the benefit of our customers.
Correspondence Invited. Interest allowed on Deposits, subject to Check at
33 WALL ST., 52 DEVONSHIRE ST.,
NEW YORK. BOSTON.
I;I:M:I:.\I. IM»i:.\ — STEAM HAILROADS.
si.-. MM K*ilro»d<i.
PAGE
\\Y1U River KK.*f 43
Montival A: Atlantic Hy. (Can.
Pac.)f 816
Montreal & Lake Maskinonge Ry.
(Can. Pac.) 812
Monm-al & Ottawa Ry. (Can. Pac.). . 812
Montreal & Province Line Ry. (Cen.
Vt.) 18
Montreal & Western RR. (Can.
Pac.) 813
Montrose Ry. (L. V.)*t 689
Moosic Mount. & Carbondale RR.
(Erie) '... 100
Morenci Southern Ry 1642
Morgan's Louisiana & Texas RR. &
SS. Co. (So. Pac.)f 664
Morgantown & Kingwood RR 282
Morris & Essex Extension RR. (D.,
L. & W.)* 86
Morris & Essex RR. (D., L. & W.)*t- 87
Morris Canal & Banking Co. (L. V.). . 690
Morris County RR.t 184
Moscow, Camden & Sari Augustine
Ry 563
Moshassuck Valley RR.f 43
Mounds & Olive Branch RR. (111.
Cent.) 394
Mount Airy & Eastern Ry 282
Mount Carbon & Port Carbon RR.
(P. &R.)*t 148
Mount Carmel & Natalie RR.t 184
Mount Gilead Short Line RR. (C.,
C., C. &St. L.)t 406
Mount Holly, Lumberton & Medford
RR. (Pa. RR.)*t 722
Mount Hope Mineral RR.*f 184
Mount Jewett, Kinzua & Riterville
RR.t. 184
Mount Penn Gravity RR.t 185
Mount Pleasant & Broad Ford RR.
(B.ctO.) 61
Mount Pleasant & Latrobe RR. (U.
S. Steel) 1256
Mount Washington Ry.*t 43
Muncie «fe Western RR 1551
Muncic Belt RR 1642
Muni.sing Ry.t 456
Musratine North & South RR.t. .622, 1551
Muskegon, Grand Rapids & Indiana
RR. (G. R. &I.)f... 785
N
Nacozari RR 1642
Nakusp & Slocan Ry. (Can. Pac.). . . . 813
\anta*ket Beach RR. (O. C.) 33
Nantucket Central RR H
Narragansett Pier RR.*f 44
Nashua, Acton & Boston RR. (Cone.
&Mont.)f 12
Nashua & Lowell RR. (Bost. & L.)*f. 11
Nashville & Decatur RR. (L. & N.)*f. 305
Nashville & Sparks RR.*f 282
Nashville, Chattanooga & St. Louis
Ry. (Map)*j 309, 1551
Nashville Terminal Co. (Tenn.Cent.) . 324
Natchez Pass RR.t 673
Natchez, Columbia & Mobile RR.t. . . 1643
Natchez, Red River & Texas RR.t. . . 322
Natchez, Urania & Ruston Ry.f 1643
National Ry. of Tehuantepec 1643
National City & Otay Ry.f 673
National Docks Ry. (L. V.)*f 687
National RR. of Mexicof 867, 1577
Naugatuck RR. (N.Y., N. H. & H.)*f 30
Nebraska, Map of Bet. pp. 544 and 545
Nebraska — State, County and City
Debts 1350
Nebraska — Street Railways in 987
Nelson & Fort Sheppard Ry. (G.N.)f. 588
NesquehoningValleyRR. (C.ofN.J.)*f 154
Nevada, Map cf Bet. pp. 640 and 641
Nevada — State, County & City Debts 1352
Nevada-California-Oregon Ry.t-.673, 1551
Nevada Central RR.t 674
Nevada County Narrow Gauge RR.t. 674
Newark & Bloomfield RR. (D., L. &
W.)* 87
Newark & Hudson RR. (Erie) 100
Newark Bay Ry. (L. V.) 687
New Boston RR. (Cone. & M.)*f 12
New Brunswick & Canada Ry. (Can.
Pac.) 814
New Brunswick & Prince Edward
Island Ry.f 846
New Brunswick Ry. (Can. Pac.) 814
New Brunswick Southern Ry 1643
Newburgh & South Shore Ry. (U. S.
Steel) 1257
Newburgh, Dutchess & Connecticut
RR.t 185
Newburyport RR. (B. & M.)t. . 14
M«Hn of,DI\ldends pa«<». 1896-1903. pages 143O to 1443. Inclusive;
Meetings. Transfer Agencies, etc., pages 146O-14S6. Inclusive.
53
Franklin Trust Company
MONTAGUE, COR. CLINTON ST. Borough of Brooklyn NEW YORK CITY
Capital, $1,000,000.00. Surplus and undivided profits over $1,500,000.00
GEO. H. SOUTHARD ...... President
WM. H. WAIJ^ACE, . . Vice-President CWNTON W. LUDI.UM, Assistant Secretary
GATES D. FAHNESTOCK, 2d Vice-President GEO. H. SOUTHARD, Jr., Assistant Secretary
CROWED HADDEW, JR., . . Secretary WM. I. FROTHINGHAM, . . Trust Officer
TRUSTEES
A. A Low ALBRO J NEWTON THOS E. STILLMAN FREDERICK W. Moss
EDWIN PACKARD CROWELL HADDEN GEO M. COIT HENRY C. HULBERT
DARWIN R. JAMES H. E. PIERREPONT ROBT. B. WOODWARD WILHELMUS MYNDERSE
WM H WALLACE GEO. M. OLCOTT STEWART I,. WOODFORD GATES D. FAHNESTOCK
JOSEPH E. BROWN GEO. H. SOUTHARD GEO. H. PRENTISS WILLIAM G. I<ow
EXECUTIVE COMMITTEE
WM. H. WALLACE GEO. M. OLCOTT ROBT. B. WOODWARD GEO. H. PRENTISS GEO. II. SOUTHARD
Allows interest on deposits Solicits accounts. Issues Certificates of Deposit, bearing interest.
Authorized by law to act as Executor, Trustee, Administrator, Guardian, Agent, Receiver, as Registrar
and Transfer Agent of Stocks and Bonds ; and is a legal depository for Court and Trust Funds. Receives
Trusts revocable during the life of the maker.
FRANKLIN SAFE DEPOSIT COMPANY
IN FRANKLIN TRUST COMPANY BUILDING
Burglar Proof Vaults Safes Rented Trunks and Packages Stored
N.W.HALSEYdCO
BANKERS
DEALERS IN BONDS AND GUARANTEED STOCKS
NEGOTIATE ENTIRE NEW OR REFUNDING ISSUES OF
RAILROAD, STREET RAILWAY, GAS,
ELECTRIC LIGHT AND POWER COMPANY BONDS
Government and Municipal Bonds Bought and Sold
49 WALL STREET 'THE ROOKERY'
NEW YORK CHICAGO
BOSTON CORRESPONDENT: MERRILL, OLDHAM &. CO., 4O WATER ST.
CABLE ADDRESS: HALSANDCO
GENERAL INDEX — STEAM RAILROADS.
Stram Railroad*.
PAGE
New Caatle & Beaver Valley RR. (P.,
Ft. w. <tc.)*t "Gl
New Castle & Butler RR.f » . ._. 186
New England RR. (N. Y., N. H.
& H.)*f 30
NYw Hampshire, Map of .Hit. Intro, and p 1
Hampshire — State, County and
City Debts 1353
New Hampshire — Street Railways in. 988
New Hanover Transit Co 1644
N.-w Haven & Derby RR. (N. Y., N.
H. & H.)*f 31
New Haven & Dunbar RR.f 186
New Haven & Northampton RR. (N.
V . N. H. &H.)*f 31
New Jersey, Map of Bet. pp. 96 and 97
New Jersey — State, County and City
Debts. .'. 1354
New Jersey — Street Railways in 991
New Jersey & New York Extension
RR 104
New Jersey & New York RR. (Erie)f. 103
New Jersey Junction RR. (N. Y. C.
&H. R.)f 121
New Jersey Terminal RR '186
New London Northern RR. (Cent.
Vt.)*t 19
New Mexico, Map of. . . Bet. pp. 512 and 513
New Mexico — Street Railways in .... 1361
New Mexico — Territorial and County
Debts 1361
New Mexico & Arizona RR.(So.Pac.) 649
New Mexico Ry. & Coal Co. (Map)| . 523
New Orange Four Junction RR 186
NewOrleans & Northeastern RR.f291, 1551
New Orleans & Northwestern RR.
(Mo. Pac.)f 523
New Orleans Belt & Terminal Co.f. . . 322
New Orleans, Fort Jackson & Grand
Isle RR 322
NewOrleans.Spanish Fort&Lake RR. 1644
Newport & Cincinnati Bridge (Pa.
Co.)*f 787
Newport & Richford RR. (Mont. &
Atl.)f 816
Newport <fe Sherman's Valley RR.f . . 186
Newport&Wickford RR.(and Steam-
boat Co.)f 44
New River, Holston & Western RR . . 1644
Newton & Northwestern RR.. . 623
NI.-.I in Railroads.
New York, Map of Bet. pp. 68 and 69
New York — State, County and City
Debts 1362
New York — Street Railways in 1002
New York & Canada RR. (D. &. H.
Co.)t 81
New York & Greenwood Lake Ry.
(Erie)f 101
New York & Harlem RR. (N. Y. C.
&H. R.)*f 122
New York & Jersey RR 186
New York & Long Branch RR. (C. of
N. J.)*f 154
New York & Mahopac RR. (N. Y.
& H.) 122
New York & Ottawa RR.f 187
New York & Pennsylvania RR.f 187
New York & Pittsburgh Central RR. . 1552
New York & Putnam RR. (N. Y. C.
&H. R.)f 122
New. York & Rockaway Beach Ry.
(L.I.)f 738
New York & Rockaway RR. (L. I.) . . 739
New York Bay Extension RR. (L. I.) 739
New York Bay RR. (Pa. RR.)*f 728
New York, Brooklyn & Manhattan
Beach Ry. (L. I.)* 739
New York Central & Hudson River
RR. (Map)*t Ill, 1577
NewYorkCent.& Hud. Riv. System. 110, 400
New York Central, Hudson River &
Fort Orange RR.(N. Y. C. & H. R.) 126
New York Central Niagara River
RR.f 124
New York, Chic. & St. L. RR. (N. Y.
C.)*f 421
New York, Lack. & West. RR. (D.,
L. & W.)*f 87
New York, Lake E. & West. C. & RR.
Co. (Erie)t 100
New York, Lake Erie & Western
Docks & Improvement Co. (Erie)f. 100
New York, New Haven & Hartford
RR.*t 23, 1552
NewYork,Ontario & Western Ry.fl30,1553
New York, Phila. & Norfolk RR.*f- . • 230
New York, Susqueh. & Western RR.
(Erie)t 104, 1578
New York, Texas & Mexican Ry. (So.
P.)*t.. 665
j,**8*** *,'«' St*t«n'M"»t •' Dividends Paid. 1898-1903. pages 1430 to 1448. Inclusive:
>f Annual NMMMgft, Transfer Agencies, etc.. pages 148O-1486. Inclusive.
DO
SPENCER TRASK & Co.
BANKERS
William and Pine Streets, New York,
Transact a general banking
business; act as Fiscal Agents
for corporations, and negotiate
security issues of railroads and
other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members New York Stock Exchange.
Branch Office: 67 State St., Albany.
58
UKNKKAL INDKX STKAM KAILKOADS.
steam Railroad*.
PAGE
Pacific- Lumber Co 's RR 674
Paducah & Memphis Div. L & V
UK \ i A Bt. L.) 313
Pajaro Valley Consolidated RR.t. . 675
Panama RR.*t 877
Paragould <k Memphis Ry 564
Paragould Southeastern Ry. (St. L.
B \\ )f ' 553
Parkrrsbun? Branch RR. (B. <fc O.) . . 61
Park Rapids & Leech Lake Ry. (Gt.
N.,r ) 586
Parral & Durango RR 1650
Passaic & Delaware Extension RR.
(D.,L. &W.) ; 87
Passaic <t Delaware RR. (D.,L.& W.)* 87
Passaic & New York RR. (X. Y., S.
&W.)f 106
Paterson & Hudson River RR.
(Erie)*f 102
Paterson & Ramapo RR. (Erie)*f ... 102
Paterson, Newark & New York RR.
(Erie) 101
Patterson Creek & Potomac RR. of
West Va. (B. & O.) 47
Pawnee RR.f 456
Paw Paw RR. (B. & O.) 61
Pawtuxet Valley RR. (N. Y., N. H.
&H.)*f..... 33
Peace River Phosphate Mining Co. . . 1650
Pearl & Leaf River RR 1650
Pecksport Connect. Ry. (N. Y., O. <fc
W.)t 133
Pecos & Northern Texas Ry. (P. Vy.
& No'e'n) 470
Pecos River RR. (P. Vy. & No'e'n) . . 470
Pecos Valley & Northeastern Ry.(A.,
T. &S. F.)t 470
Pemberton &. Hightstown RR.t 189
Pembroke Southern Ry. (Can. Atl.). . 802
Pemigewasset Vy. RR. (Cone. &
Mont.)*f. , 12
Peninsular Ry 1650
Pennsboro' & Harrisville, Ritchie Co.
R>' t 283
Pennsylvania, Map of. Bet. pp. 96 and. 97
Pennsylvania— Statc,County and City
Debts 1402
Pennsylvania— Street Railways in. . . 1069
Pennsylvania «t New York Canal <fc
RR.(L.Vy.)t '.. 689
Steam Railroads.
Pennsylvania & Northwestern RR.
(C. &C.)*t 73U
Pennsylvania Company (A/ap)*t .... 751
Pennsylvania RR. (Map)*f 692, 1556
Pennsylvania Railroad System 690
Pensacola, Alabama & Tennessee
RR.t
Pensacola & Andalusia RR 1 (>.") i
Pensacola & Perdido RR t 1556
People 's Ry., Pottsvillc, Pa.*t
Pcoria & Bureau Valley RR. (C., R.
I. &P.)*f
Peoria & Eastern Ry. (C., C., C. & St.
L.)t 406, 1556
Peoria & Pekin Terminal Ry 457
Peoria & Pekin Union Ry.*t ' ~>~
Peoria & Springfield Ry 457
Peoria, Decatur & Mattoon RR. (111.
C.) 399
Pere Marquette RR.*t 423, 1556
Perkiomen RR. (P. & R.)f 156
Perris & Lake view Ry.(A.,T. & S.F.)t 470
Perry County RR. t 189
Perth Amboy & Raritan Ry. (L. V.
of N. J.) 688
Perth Amboy & Woodbridge RR. (Pa.
RR.)*t 729
Peru & Detroit Ry. (Wabash) 437
Peterborough & Hillsborough RR.
(N. RR.)t 15
Peterborough RR. (B. & L.)*t 1 1
Philadelphia & Baltimore Central RR.
(P. W. &B.)t 717
Phila.&Beach Haven RR.(Pa.RR.)t 722
Philadelphia & Brigantine RR.t 189
Philadelphia & Chester Valley RR.
(P. &R.)t 156
Phila. & Delaware Co. RR. (P. W. &
B.)f -'...- 748
Phila. & Erie RR. (Pa. RR.)*t 722
Phila. & Frankford RR. (P. & R.)t-. . 157
Phila.&Long Branch RR. (Pa.RR.)t 723
Philadelphia & Reading Coal & Iron
Co. (Reading Co.)t 141
Philadelphia & Reading Ry . t 142
Philadelphia&Reading Terminal RR.
(P. &R.)t 148
Philadelphia & Trenton RR. (Pa.
RR.)* 724
Philadelphia Belt Line RR.t.. 189
n
labi«
, Pald« »896-19O3. pages 1430 to 1445, Inclusive;
er Agencies, etc.. pages 146O-14SB, Inclusive.
59
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REDMOND, KERR& CO.
BANKERS
HIGH-GRADE
INVESTMENT SECURITIES
(Lists will be sent on application)
TRANSACT A GENERAL FOREIGN AND
DOMESTIC BANKING BUSINESS
Allow interest on deposits subject to draft. Act as Fiscal
Agents, negotiate loans and issue mortgage bonds of railroads,
street railways, gas companies, etc. Buy and sell securities
on commission.
Members New York Stock Exchange.
ISSUE TRAVELER'S
LETTERS OF CREDIT
Available the world over
NEW YOR.K
41 Wall Street
PHILADELPHIA CHICAGO
50? Chestnut Street 232 La Salle Street
GENERAL INDEX STREET RAILWAYS.
61
Steam Railroads.
PAGE
Philadelphia, Balto. & Washington
RR. (P., W. & B.)* 745
Philadelphia, Germantown & Norris-
town RR. (P. & R.)*t 148
Philadelphia, Harrisburg & Pitts-
burgh RR. (P. & R.)*t 149
Philadelphia, Newtown & New York
RR. (P. &R.)t 157
Philadelphia, Wilmington & Balti-
more RR. (Pa. RR.) 744
Phillips & Rangeley RR. f ." 44
Philipsburg Ry. & Quarry Co.f 847
Pickens & Addison RR 1656
Pickens & Hackers' Valley RR 1656
Pickens RR.f 283
Pickering Valley RR. (P. & R.)t 149
Piedmont & Cumberland Ry. (W.
Va.,C. &P.)*t 167
Pine Bluff & Western Ry. f 564
Pine Bluff Arkansas River Ry. (St.
L. S. W.)f 553
Pine Creek Ry. (X. Y. C. & H. R.)*t. 122
Piqua & Troy Branch RR. (C., H. &
D.)f , 373
Pittsburgh, Allegheny & McKees
Rocks RR 190, 1556
Pittsburgh & Castle Shannon RR.f. . 190
Pittsburgh & Connellsville RR. (B.
&O.) 61
Pittsburgh & Eastern RR. (N. Y. C.
&H. R.)t 125
Pittsburgh & Lake Erie RR. (N. Y.
C. &H. R.)*f 127,
Pittsburgh & Moon Run RR.f
Pittsburgh & Northern RR. (B.& O.)
Pittsburgh & Ohio Valley Ry. (U. S.
Steel) 1257
Pittsburgh & West. Ry. (B. & O.)f. 65
Pittsburgh, Bessemer & Lake Erie
RR. (U.S. Steel)* 1253
Pittsburgh, Carnegie & Western RR. 1579
Pittsburgh, Chartiers & Youghiogh-
cny Hy. (Pa. Co.)*f 791
Pittsburgh, Cincinnati, Chicago & St.
Louis Ry. (Pa. Co.)*t 772
Pittsburgh, Cleveland & Toledo RR.
(B . &0.)f 66
Pittsburgh. I-',,, i Wayne & Chicago
Hy. (Pa. Co.)*f 762
Pittsburgh, Johnstown, Ebensburg &
Eastern RR 190, 1556
Pittsburgh Junction RR. (B. & O.)f.. 65
Steam Railroads.
PAQB
Pittsburgh, Lisbon & Western RR . . 1556
Pitts., Lisbon&W.RR.(P.L.&W.) Ry. 1556
Pittsburgh, McKeesport & Youghi-
oghenyRR. (P. &L. E.)*f 129
Pittsburgh, Ohio Valley & Cincinnati
RR. (Pa. Co.)f 770
Pittsburgh, Painesville & Fairport
RR. (B. &O.)f 66
Pitts., Shawmut & North. RR.f 134
Pittsburgh Terminal RR. & Coal Co. . 1557
Pittsburgh, Toledo & Western RR. . . 1557
Pittsburgh,Virginia & Charleston Ry.
(Pa. RR.)*f 724
Pittsburgh, Westmoreland&Somerset
RR 1656
Pittsburgh, Wheeling & Kentucky
RR. (P., C. C. & St. L.)*f 778
Pittsburgh, Youngstown & Ashtabula
RR. (Pa. Co.)*t 768
Pittsfield & North Adams RR. (B.
&A.)*f.. -. 121
Pittsford & Rutland RR.(Clar.& P.)t 41
Pittstown Branch Ry. (L. V. of N. J.) 688
Plattsburgh & Dannemora RR.
(Chat. RR.) 172
Plymouth & Middleborough RR. (O.
C.)f 33
Plymouth RR. (P., G. & N.)t 149
Pocahontas Coal Co. (N. & W.) 238
Pocahontas Coal & Coke Co. (N.&W.) 237
Pochuck RR. (L. & N. E.) 181
Point Pleasant, Buckhannon & Ty-
garts Valley RR. (B. & O.) 61
Pomeroy & Newark RR. (Pa. RR.)f . 724
Pontiac & Renfrew Ry 848
Pontiac, Oxford & Northern RR.*f . . 458
Pontiac Pacific Junction Ry.f 848
Port Angeles Pacific RR 675
Port Arthur, Du'uth & Western RR.f 1557
Porter's Creek & Gauley RR 1656
Port Huron Southern RR 458
Port Inglis Terminal RR 1557
Port Jervis, Monticello & Summit-
ville RR. (N. Y., Ont, & W.)t 133
Portland&Ogdensburg Ry. (Me.C.)*f 23
Portland & Rumford Falls Ry.*t . -34, 1557
Portland & Southeastern RR 1657
Portland, Vancouver & Yakima RR.. 1657
Port Reading RR. (P. & R.)t 158
Portsmouth & Tygart Vy. RR.f 322
Port Townsend Southern RR. (No.
P.)t 606
J. P. MORGAN & CO.,
DOMESTIC AND FOREIGN BANKERS,
Cor. of Wall and Broad Streets, NEW YORK,
;
DREXEL & CO., MORGAN, HARJES & CO.,
PHILADELPHIA. PARIS.
AGENTS AND ATTORNEYS OF
Messrs. J. S. MORGAN & CO., London.
DRAW EXCHANGE AT CUSTOMARY USANCES.
ISSUE COMMERCIAL AND TRAVELERS' CREDITS.
GENERAL INDEX — STEAM RAILROADS.
63
Steam Railroads.
PAGE
Potomac, Fred'k'g & Piedmont Rll.f 283
Poto.ua,- RR.(R., F. &P.)t 240
Potomac Valley RR. (W. Md.)t • • • • 163
Poughkccpsie A Eastern Ry.f 190
Present! & Eastern RR. (S.F.,P.&P.)t 471
Prcscott \- Northwestern RR.f 1558
Prince Edward Island RR. (Can.
Qov. Kys.) 842
Providences-Springfield RR.(N.E.)*t 31
Providence A: Worcester RR. (N. Y.,
N. H. & H.)*f 33
Providence, Warren & Bristol RR.
(().('. )*t 33
Providence, Webster & Springfield
RR. (B. &A.)f 121
Quakertown & Eastern RR.| 191
Qu'Appelle, Long Lake & Saskatch-
ewan RR. & S. B. Co. (Can. Pac.)t. 816
Quebec & Lake St. John Ry.f 848
Quebec Bridge Co. (Limited) 1220
Quebec Central Ry.*t '• 848
Quebec Ry., Light & Power Co.f 849
Quebec Southern Ry 849
Queen Anne's RR 191
Quincy, Carrollton & St. Louis Ry.. . . 1558
Quincy, Omaha & Kansas CityRR. 564,1558
Quincy Railroad Bridge 1220
R
Radford Southern RR. (N. & W.)t. . - 234
Railway Transfer Co. of Minneapolis! 623
Ralegh & Cape Fear Ry.t 283
Raleigh & Western Ry 1658
Randsburg RR 675, 1558
Rapid Transit Ferry Co. (S. I. R. T.
Ry.) 68
Raquette I.akeRy.f 126
Raritaii River RR.*t 191
Ravenswood, Spencer & Glenville Ry.
(B. &0.) . 66
Reading & Columbia RR. (P. &R.)t. 158
Reading Company* 135
Reading Belt Ry. (P. & R.) 143
H.-ading Iron Co. (P. & R.) 150
Reading, Marietta & Hanover RR.
(R.&C.).. 158
Steam Railroads.
PAGE
Red Lake Transportation Co.'s RR.. . 624
Red Mountain Ry. (Gr. No.)f 589
Red River,Texas & Southern Ry. (St.
L. &S. F.) 532
Red River Valley RR 1558
Red Springs & Bowmore RR 1658
Register & Glenville RR 1658
Reid Newfoundland Co 1658
Rensselaer & Saratoga RR. (D. & H.
Co.)*f 81
Restigouche & Western Ry .850
Reynoldsville & Falls Creek RR.*f.. . 191
Rhode Island, Map of .Bet. pp. 32 and 33
Rhode Island— State and City Debts. 1410
Rhode Island — Street Railways in. . . 1109
Rhode Island & Massachusetts RR.
(in Mass.) (N. E.)*f 31
Rhode Island & Massachusetts RR.
(inll. I.)(N. E.)*t 31
Rich. & Mecklenburg RR. (So. Ry.)t- 259
Richmond Belt Ry 1558
Richmond, Fredericksburg & Poto-
mac RR. (R.-W. Co.)*t 238
Richmond, Fred. & Pot., and Rich.
& Petersb. Con. RR. (R., F. & P.)*f 240
Richmond- Washington Co 238, 1558
Ridgway&Clearfield RR.(Pa.RR.)*f 724
Rio Grande & Eagle Pass Ry.f 564
Rio Grande & El Paso RR. (Atch.). . . 461
Rio Grande & Pagosa Springs RR.f. . 565
Rio Grande & Santa Fe Ry. (D. & R.
G.) 481
Rio Grande Gunnison Ry. (D. & R.
G.)* 481
Rio Grande Junction Ry.*t 565
Rio Grande RR. (D. & R. G.) 481
Rio Grande RR.*f 565
Rio Grande Sangre De Cristo RR.
(D. &R. G.) 482
Rio Grande, Sierra Madre & Pacific
RR 876
RioGrandeSouth. RR. ( D. &R. G. ) |483, 1 559
Rio GrandeWestern Ry.(D.&R.G.)*f 482
Ripley & Mill Creek Vy. RR.(B. &
O.)t 66
River Front RR. (Pa. RR.)*t 720
Riverside & Harlem (111. C.) 393
Roanoke & Tar River RR. (S. A. L.). 245
Roaring Creek & Belington RR 1659
Roaring Creek & Charleston RR 1659
Rochester & Genesee Valley RR.
(Erie)*t 102
«;I:\I:U.M. I.M.KX — STKAM HAILKUAI.S.
Steam Railroad*.
PAGE
Rochester, Beaver Fulls A: \\«>t<-ni
Ry. (I1:. Oo.)1 771
l;..rh. •>(,•!-, Hiirnrlls\illr A l.arka-
uaiin:i liR. (P,S. & X.) 135
Rochester. Nru York & Pennsylvania
UK (\V X. V. & P.) 728
RoohfstiT Southern HR. (L. V. Ry.). 688
Rockaway Valley Ry.t 192
Rorkbridge, Alum & (Joshen HR 284
RockdaU-RR 1659
Rock Island & Mercer County RR.
(R. I. &P.) 1527
Rock Island & Peoria Ry. (C.,R. I. &
P.)*t 1527
Rock Island Company (The) 1514
Rock Port, Langdon & Northern
Ry.f 565
Rockville RR. (N. E.)* 31
Rockwood & Tennessee River Ry. . . . 1659
Rocky Hill RR. & Transportation
Co. (Pa. RR.)*f 724
Rogue River Valley Ry.t 675, 1559
Rolling Mill RR. (Pa. Co.)f 771
Rome & Clinton RR. (N. Y., O. &
W.)*t 133
Rome.Watertown & Ogdensburg RR.
(N. Y. C. &H. R.)*f 122
Roseland Ry. (N. Y. & G. L.) 101
Roswell RR. (So. Ry.)f 260
Ruddock, Bonnet Carre & Northern
RR 1659
Rumford Falls & Rangeley Lakes
RR. (P. & R. F.)*f 35
Rupert & Bloomsburg RR.(P. &R.)t- 158
Rural Valley RR 1659
Rutland & Whitehall RR. (D. & H.
Co.)*f 81
Rutland & Noyan Ry. (Rutland)f. . . 38
Rutland RR.*t 36
Rutland Transit Co. ( Rutland) f. . 38
S
Saginaw & Ouachita River RR 1659
>t Augustine & South Beach Ry.t. . . 1559
>t Clair, Madison <t St. Louis Belt
RR.t 458
lairsville & Northern Ry. (C., L
*W.)t 63
Railroads.
St. Clair Tunnel (Gr.Tr.)t 830,
St. Croix iV. Duluth Ry
St. John A Maine Ry. (Can. Pac.). . . .
St. John Bridge A; Rv. l'.\(. Co. (Can.
Pac.)t
St. Johnsbury & Lake Champlain
RR.t
St. Johns River Terminal Co. (So.
Ry.)t
St. Joseph & Grand Island Ry.*t ....
St. Joseph, South Bend & So. RR. (I.,
I.&I.)*t
St. Joseph Terminal RR.t
St. Joseph Union Depot Co.t
St. Lawrence & Adirondack Ry. (N.
Y. C. &H. R.)*f
St. Lawrence & Ottawa Ry. (Can.
Pac.)
St. Louis & Cairo RR. (M. & O.)*t. . .
St. Louis & Gulf Ry. (St. L. & S. F.). .
St. Louis & Hannibal Ry.t
St. Louis & North Arkansas RR
St. Louis & Ohio River RR. (111.
Cent.)
St. Louis & Richibucto Ry. (K. No.) .
St. Louis & San Francisco RR.
(Map)*}. .'. 529,
St. Louis, Belleville & Southern Ry.t-
St. Louis Bridge Co. (Term. RR. A.).
St. Louis, Council Bluffs & Omaha
RR. (Wab.)
St. Louis, Iron Mountain & Southern
Ry. (Mo. P.)*t
St. Louis, Kansas City & Colorado
RR.(The) (C., R. I. & P.)
St. Louis, Memphis & Southeastern
RR. (St. L. AS. F.).....'.'
St. Louis Merchants' Br. Term. Ry.t-
St. Louis, San Francisco «fe New Or-
leans Ry
St. Louis, San Francisco & Texas RR.
St. Louis Southwestern R y .
(Map)} 54S,
St.Louis,Southw.Ry.of Texas(Map)}
St. Louis Transfer Ry.t
St. Louis, Troy & Eastern RR.t
St. Louis, Vandalia & Terre Haute
RR. (Pa. Co.)*f
St. Louis, Watkins & Gulf Ry.t
St. Mary's River Ry. (A. Ry. & C.). . .
659
x i :.
813
39
262
62S
408
565
566
127
814
271
545
566
566
394
843
1579
458
568
438
514
1532
545
SOU
566
1579
1559
552
567
458
788
322
837
C) Se*. also. Statement of Dividends Paid, 1896-19O3, pages 143O to 1445, Inclusive:
1 able of Annual Meetings, Transfer Agencies, etc., pages 1460-1486, Inclusive.
GENERAL INDEX — STEAM KAILROADS.
05
Steam Railroads.
PAGE
St. Paul Eastern Grand Trunk Ry.
(('. & X. W.)t 338
St 1'aul, Minn. & Manitoba lly. (G.
N.)*t 586
St. Paul Union Depot Co. (The)*f. . - 624
St. Stephen & Milltown Ry. (Can.
Puc.) 815
Salem RR. (P., L. & W.) 1556
Salt-in, Falls City & Western Ry 675
Saline River Ry 1661
Salisbury & Harvey Ry 850
Salisbury RR. (B. & O.) 61
Salt Lake & Los Angeles Ry.*t 675
Salt Lake & Mercur RR 676
Salt Lake & Ogden Ry.f 1661
San Antonio & Aransas Pass Ry.f- • • 667
San Antonio & Gulf RR. f 567
Sandersville RR.f 284
San Diego, Cuyamaca & Eastern Ry.f 676
SanDiego, Pacific Beach&LaJollaRy. f 676
Sandusky, Mansfield & Newark RR.
(B. &O.) 62
Sandy River RR.*t 44
Sandy ville & Waynesburg RR. (B.
&O.) 61
Sanford & St. Petersburg Ry. (A. C.
L.) 207
San Francisco & North Pacific Ry.
(Map)(C. N. W.)*t 626
San Francisco & Northwestern Ry . . 1560
San Francisco Belt RR 1662
San Jorges Bay & Eastern RR 1662
San Pedro, Los Angeles & Salt Lake
RR t 676, 1560
San Pete Valley Ry.f 677
San Rafael & San Quentin RR. (No.
Sh.) 629
Santa Fe Central Ry 1662
Santa Fe Pacific RR.(A., T. & S. F.). . 467
Santa Fe.,Prescott & Phoenix Ry. (A.,
T. &S. F.)*t 470
Saranac & Lake Placid RR.(Ch.Ry.)f 173
Saratoga & Schenectady RR. (D. &
H. Co.)*f 81
Saratoga Division, Del. & Hud. Co. . . 81
Sardis & Delta RR 1662
Sarnia, Chatham & Erie Ry. (Can.
South. )f 420
Saskatchewan & Western Ry. (M. &
N.) 812
Sault Ste. Marie Bridge Co 1225
Savannah & Statesboro Ry . f 284
Steam Railroads.
PAOE
Schenectady & Duanesburgh RR. (1).
&H. Co.)t 81
Schoharie Valley Ry.f 192
Schuylkill & Lehigh RR. (P. & R.)f. . 149
Schuylkill & Lehigh Vy. RR. (L.V.). . 689
Schuylkill River East Side RR. (B.
&O.) 61
Schuylkill Valley Navigation & RR.
(P. &R.)*t 149
Scottdale Connecting RR.f 192
Scranton & Spring Brook RR 192
Seaboard Air Line Ry. (Map) 241, 1560
Seaboard & Roanoke RR. (S. A. L.)t 245
Searcy & Des Arc RR. (C., O. & G. ). . 1531
Seattle & Montana RR. (Gt. No.) 587
Seattle & Northern Ry. (Gt. No.)f. . . 578
Seattle&San Francisco Ry.& Nav.Co. 677
Sebasticook & Moosehead RR.f 45
Sedalia, Warsaw & Southwestern Ry.
(Mo. P.) 512
Seneca County Ry. (L. Vy.) 688
Sevier Ry. (Jl. G. W.) f : 483
Shade Gap RR. (E. B.T. RR. &C.)*t 175
Shamokin, Sunbury & Lewisburg
RR. (P. &R.)f 149
Shamokin Valley & Pottsville RR.
(Nor. Cen.)*t
Sharon & Ceres RR. (N. Y. & Pa.). . .
Sharon Ry. (Erie)*f
Sharpsville RR. (B. & O.)f
Sheffield & Tionesta Ry.f
Shore Line Ry.f
Shuswap & Okanagan Ry.(Can. Pac.)
Sierra Ry. of Cal.f
Sierra Valleys Ry . t
Sievern & Knoxville RR. (So. Ry.) .
Silver Lake Ry.f
Silverton Northern RR.*f
Silverton RR.f
Sioux City & Pacific RR
Skaneateles RR.*f
Slackwater Connecting RR. (Union
RR.) 1257
Slate Run RR.f 193
Sligo & Eastern Ry 1562
Smethport RR. (Mt. J., K. & R.) 185
Smithfield & Masontown RR. (B. &
O.) 61
Smithonia & Dunlap RR 1663
Smithonia, Danielsville & Carners-
villeRR 1663
Somerset & Cambria RR. (B. & O.). . 61
.,1 Mil. XL INDEX — STKAM RAILROADS.
Steam i;.uii ".nU
PAGE
SiiiniTsi-t Ry.f 45
Son, .1:1 !{y (Si. I'nc ) 649
Soutli A: North Alaliani.-i KR. (L. &
X )t 306
Smith* \\Yst.-rii Ky 323
South Branch RR. (B. & O.) 61
South Branrh RR 194
South Brooklyn Ry.f 193
Soutli Buffalo RR.f 194
South Carolina, Map of .lift. />/>. 224 and 225
South Carolina State, County and
City Debts 1412
South Carolina — Street Railways in. . 1111
South Carolina Pacific Ry. (A C. L.) . 207
South Ch.-st«-rRR. (P., W. &B.)f. •• 748
South Chicago & Southern RR. (Pa.
Co.)*t 771
South Dakota, Mapof..ffe*. pp. 584 and 585
South Dakota — State, County and
City Debts 1413
South Dakota— Street Railways in. . . 1112
South Easton & Phillipsburg RR. (L.
& H. R.)f 110
South Fork RR. (Pa. RR.)t 720
Sout h Georgia & West Coast Ry 284
South Haven & Eastern RR. (P. M.)t 428
South Manchester RR.f 45
South Pacific Coast Ry. (So. Pac.)f. . 657
South Shore RR.f 194
Southern California Ry.(A.T. & S.F.) 468
Southern Indiana Ry. (The) (Map)f. 428
Southern Pacific Co. (Map) f 629
Southern Pacific RR.f 654
Southern Pennsylvania Ry. & Mining
Co. (Cumb. Vy.) f 734
Southern Ry. (.V/«p)*f 246, 1562
Southern Ry., Carolina Div.f 259
Southern Ry. in 111 258
Southern Ry. in Ind 258
Southern Ry. in Ky 258
Southern Ry. in Miss 258
Southwest Connecting Ry.(U.S.Steel) 1257
Southwestern RR. (C. of G.)*f ...... 215
Southwest Pennsylvania Ry. (Pa.
RR.)*t 724
South West Virginia RR. (N. & W.). . 233
Spokane Falls & Northern Ry. (Gt.
Nor.)f 589
Spuyten Duyvil <fe Port Morris RR.
(N. Y. C. AH. R.)*f.. 124
MI-. in. Railroads.
Stanley, Merrill & Phillips RR
Stanstead, Shefford & Chambly RR.
(C. Vt.) 18
State Line & Sullivan RR. (L. Vy.)f. 689
Staten Island Ry. (B. & O.)*f 68
Staten Isl. Rapid Tr. Ry.(B.&O.)t 68, 1579
Slate University RR. (So. Ry.)f 260
Sterling Mountain Ry.f 194
Stewartstown RR.*f 194
Stilhnore Air Line Ry.f 284
Stockbridge & Pittsfield RR. (N. Y.,
N. H. &H.)*f 34
Stony Brook RR. (Bost. & Low.)*t. . 11
Stony Creek RR. (P. & R.)f 159
Strasburg RR 1666
Suffolk & Carolina Ry.f 284
SiiRsir Land Ry. (Vel. B. & N.)* 571
Sullivan County RR. (B. & M.)*f. ... 15
Sulphur Mining & RR. Co 1666
Sumpter Valley Ry.f 677
Suncook Vy. RR. (Cone. & Mont.)*f 12
Surry, Sussex & Southampton Ry.f. . 284
Susquehanna & Buffalo RR.f 194
Susquehanna & New York RR. . . 195, 1563
Susquehanna & Southern RR.(B&S.) 1506
Susquehanna, Bloomsburg & Ber-
wick RR 195
Susquehanna Connecting RR. (N. Y.,
S. & W.) 106
Susquehanna River & Western RR. . 1675
Sussex RR. (D., L. & W.) 88
Suwanee & San Pedro RR 1666
Sydney & Louisburg Ry 850
Sylvania RR 285
Syracuse & Baldwinsville Ry. (D., L.
& W.) 88
Syracuse, Binghamton & New York
RR. (D., L. & W.)*f 88
Syracuse, Geneva & Corning Ry. (N.
Y. C. &H. R.)*f.. 124
Tabor & Northern Ry.f 624
Tacoma Eastern RR.f 677
Talbotton RR. t 285
Tallahassee Southeastern Ry.f 1563
Tallassee & Montgomery Ry.f 323
Tallulah Falls Ry 1579
r*"" (•) See. al»o. Statement of Dividends Paid. 189B-1903. page* 143O to 1445. Inclusive;
Table of Annual .Meeting*. Transfer Agencies, etc.. pages 14SD-1 » HH. Inclusive.
GENERAL INDEX STEAM RAILROADS.
67
Steam Railroads.
PAGE
Tamaqua, Hazleton & Northern RR.
(P. &ll.)t '• 159
Tampico Harbor Co. (The) (Mex. C.
Ry.) 862
•1'a vares & Gulf Illl-t 285
Taylor ('it y Kelt Ry. (St. L. & S. F.).. 533
Telmantepec National Ry 876
Telliro HH 1667
Temisrouatu lly.f 851
Temiskaming&Northern Ontario Ry. 850
Tennessee, Map of Bet. pp. 288 and 289
Tennessee — State, County and City
Debts 1414
Tennessee — Street Railways in 1112
Tennessee & Cumberland River RR. . 1667
Tennessee & North Carolina RR 1667
Tennessee Central RR.f 323
Tennessee Line, Map of 311
Tennessee Northern Ry.f 1667
Terminal RR. (Mich. Cent.)f 419
Terminal RR. Assn. of St. Louisf .... 567
Terminal Ry. of Buffalo (N. Y. C. &
H. R.)t 125
Terre Haute & Indianapolis RR. (Pa.
Co.)t 793
Terre Haute & Logansport Ry. (Pa.
Co.)f 790
Terre Haute & Peoria RR.(T.H.&I.)t 796
Texarkana & Fort Smith Ry. (K. Cy.
So.) 491
'IVxas & Louisiana RR. (St. L. S. W.) 1559
Texas, Map of Bet. pp. 480 and 481
'IVxas — State, County and City Debts 1416
Texas — Street Railways in 1114
Texas & New Orleans RR. (So. Pac.)t 666
Texas & Oklahoma RR. (M. K. & T.). 499
Texas & Pacific Ry.f 554
Texas, Ark. & Louisiana Ry.f 569
Texas Central RR.* f 569, 1564
Texas City Terminal Co.f 569
Texas Mexican Ry. (Nat. RR.)f. .872, 1580
Texas Midland RR.f 569
Texas, Sabine Val. & Northwestern
Ry.f 569
Texas Short Line Ry 570, 1580
Texas Southeastern RR 1668
Texas State RR 1668
Texas Southern Ry.f 570, 1564
Thousand Islands Ry.*f 851
Tifton & Moultrie RR 1668
Tifton & Northeastern RR.f 285
Tifton, Thomasville & Gulf Ry.f 285
Steam Railroads.
PAGE
Tilsonburg, Lake Erie & Pacific Ry. . 851
Tintic Range Ry. (R. G. W.)t 483
Tlacotepec&Huajuapam de LeonRR. 1668
Tioga RR. (Erie)f 101
Tionesta Valley & Hickory RR. (S.
&T.) 192
Tionesta Valley Ry. f 195
Tipton RR. (Pa. RR.)t 729
Tivoli Hollow RR.(N.Y. C. & H. R.)f 124
Tobique Valley Ry. (Can. Pac.) 814
Toledo&OhioCentral Ry.(Map)*f387, 1564
Toledo, Canada Southern & Detroit
Ry. (Can. South.)t 420
Toledo, Columbus, Springfield &
Cincinnati RR 1564
Toledo, Peoria & Western Ry. (Pa.
Co.)f 792,1564
Toledo Ry. & Terminal Co. (The) 459
Toledo, Saginaw & Muskegon Ry.
(G.T.)f 834
Toledo, St. Louis & Western RR.f431, 1565
Toledo, Walhonding Val. & Ohio RR.
(Pa. Co.)f ' 769
Toluca & San Juan RR 1669
Toluca & Tenango RR 1669
Toluca, Marquette & Northern RR.. . 1580
Tombigbce & Northern Ry.f 324
Toronto Belt Line Ry. (G. T.) 830
Toronto, Grey & Bruce Ry. (Can.
Pac.) 814
Toronto, Hamilton & Buffalo Ry.f852, 1565
Torres & Prietas Ry 1669
Transylvania RR.f 285
Traverse City RR. (G. R. & I.)t 785
Tremont & Gulf RR 324
TresckowRR. (C. ofN. J.) 154
Trinity & Brazos Valley Ry 570
Trinity Valley Southern RR 1669
Troy & Bennington RR. (Fitch-
burg)*t 13
Troy & Greenbush RR. (N, Y. C. &
H. R.)*t 124
Troy & Tiptonville RR. (111. C.) 399
Troy Union RR.f 1669
Trumbull & Mahoning RR. (P. & W.) 65
Tuckahoe & James River RR
TuckertonRR.f 195
Tunnel RR. of St. Louis (T. RR.
As.)*t
Turtle Creek Valley RR. (Pa. RR.) *t 720
Tuscarora Valley RR.*t 195
Tuskegee RR. 324
UKNKKAL INPKX — STIC AM RAILROADS.
Steam Railroad*.
Tussey Mountain & Grafton Cain mi
mi
Tyrone & Clearfield Ry. (C. & Cl.)*t .
1670
730
Ulster A Delaware RR. (The)t 159
Unadilla Valley Ry.t 190
Union & Glenn Springs RR 1670
I'nioii Depot Co. (Columbus, O.) (Pa.
Co.)t 793
Union Depot & RR. Co. (Denver),
The 570
Union Depot Co. of Kansas City, Mo. t 570
Union Freight RR.*t 45
Union Pacific- RR.*t 607, 1565
I'nion Point & White Plains RR.t.. . . 286
Union RR. (Erie)f 103
Union RR. (Oregon) 1670
Union RR. (U. S. Steel)* 1257
Union Ry. (Belt Line) 1671
Union Springs & Northern Ry 324
Union Stoeks Yards Co. of Omaha
(Ltd.) 1671
Union Terminal RR. (W. N.Y. & P.)t 728
Union Terminal Ry. (Sioux City). . . . 1671
Union Transportation Co. (P. & H.). . 189
United New Jersey RR. & Canal Cos.
(Pa. RR.)*f 725
United RRs. of Yueatan 1671
United States & Canada RR. (G.T.)f. 834
United Verde & Pacific Ry.t 678
Upper Coos RR. (Me. Cent.)*t 23
Upson County RR. (C. of G.) 215
Ursina & North Fork Ry.t 196
Utah, Map of Bet. pp. 512 and 513
Utah— State, County and City Debts 1419
Utah— Street Railways in 1116
Utah Central RR. (R.'c. W.)f 483
Utah Eastern Ry. (R. G. W.)f 483
Utica & Black River RR. (R., W. &
O.)'
123
Utica, Chenango & Susquehanna Val-
ley Ry. (I)., L & W.)*f 87
Utica, Clinton & Binghamton RR.
(N.Y.,0.& W.)*f.. 133
Valdosta Southern Ry 286
Valley Connecting RR.*f. . . . 196
Strain Rallroadt.
PAGE
Valley RR. (B. & O.)f 67
Valley RR. (D., L & W.)*f 87
Vancouver, Victoria & Eastern Ry.
& Nav. Co. (Gt. Nor.) 580
Velasco, Brazos & Northern Ry.t. . . . 571
Vera Cruz Ry 1072
Vera Cruz & Pacific RR S7U
Verdigris Valley, Independence &
Western Division (M. P.) 512
Vermont, Map of Bet. pp. Intro, ami 1
Vermont — State, County and City
Debts 1 I 'JO
Vermont — Street Railways in 1117
Vermont & Massachusetts RR. (Fitch-
burg)*! 14
Vermont Valley RR. (B. t M.)*f 16
Vernon, Greensburg & Rushville RR.
(C.,C., C. &St. L.)* 405
Vicksburg, Shreveport & Pacific Rll.
Land Grant 295
Vicksburg,Shreveport&Pac.Ry.*t293, 1 r,t)5
Victoria & Sidney Ry f 852
Victoria, Fisher & Western RR 1566
Vincentown Branch RR. (Pa. RR.)*f 727
Virginia, Map of Bet. pp. 128 and 12!)
Virginia — State, County & City Debts 1421
Virginia — Street Railways in 1118
Virginia & Kentucky Ry.f 286
Virginia & Southwestern Ry. (V., I.
C. &C.)f 1200
Virginia & Truckee RR.t 678
Virginia-Carolina Ry 286
Virginia Co. (N. & W.) 238
W
Wabash, Chester & Western RR.t.. . . 459
Wabash RR.t 433, l.Viii
Wadley & Mount Vernon RR.t 286
Wallkill Vy. RR. (N.Y. C. & H.R.)*t 124
Ware River RR. (Bost. & Alb.)*t 121
Warren & Corsieana Pacific Ry 571
Warren RR. (D., L.& W.)*t 87
Warrenton RR. t 287
Washburn & Northwestern Ry Ki72
Washington, Map of. .Bet. pp. 640 and (ill
Washington — State, County and City
Debts 1424
Washington — Street Railways in. . . . 1122
T;.hlo
(•) See, aluo. Statement of Dividends Paid. 1848-19O3. pages 143O to 1445, Inclusive;
Table or Annual .Meeting*. Transfer Axencles, etc., pages 146O-1486, Inclusive.
FISK & ROBINSON
BANKERS
35 CEDAR STREET 28 STATE STREET
NEW YORK BOSTON
BANKING DEPARTMENT
DEPOSIT ACCOUNTS of Corporations, Firms
and Individuals received subject to sight draft.
Interest allowed on daily balances and on money
deposited pending investment.
FISCAL AGENCY
ACCOUNTS for the payment of bonds, coupons,
dividends, etc., and for the transfer and registra-
tion of securities received from municipal, railroad
and other corporations.
INVESTHENT DEPARTMENT
UNITED STATES BONDS and other invest-
ment securities bought and sold. Orders on the
New York Stock Exchange and in sound and
marketable unlisted securities executed on com=
mission for cash. Information furnished regard-
ing the status of corporate securities.
FISK & ROBINSON
BANKERS
35 CEDAR STREET 28 STATE STREET
NEW YORK BOSTON
BANKING DEPARTMENT
DEPOSIT ACCOUNTS of Corporations, Firms
and Individuals received subject to sight draft.
Interest allowed on daily balances and on money
deposited pending investment.
FISCAL AGENCY
ACCOUNTS for the payment of bonds, coupons,
dividends, etc., and for the transfer and registra-
tion of securities received from municipal, railroad
and other corporations.
INVESTHENT DEPARTMENT
UNITED STATES BONDS and other invest-
ment securities bought and sold. Orders on the
New York Stock Exchange and in sound and
marketable unlisted securities executed on com-
mission for cash. Information furnished regard-
ing the status of corporate securities.
<;I:M:KAL INDEX — STEAM KAILROADS.
Steam Railroads.
PAGE
Washington & Columbia River Ry.
(X. P.)f 607
Washington & Franklin Ry. (W.
M.)*t 163
Washington Great Northern Ry. (Gt.
Nt.r.) 580
Washington & Plymouth RR 1672
Washington, Potomac & Chesapeake
RR 196
Washington Branch RR. (B. & O.)*. . 62
Washington Central RR. (No. Pac.). . 605
Washington County RR. (Maine)t 45, 1566
Washington County RR. (B. & O.). . . 61
Washington Run RR.f .' 196
Washington Southern Ry. (R.-W.
Co.)*t 24°
Watauga RR.f 1566
Watchung RR. (N. Y. & G. L.) 101
Waukegan &Miss.Vy.RR.(U.S.Steel) 1257
Waverlv & State Line RR. (L.V.Ry.) 688
Wavnesburg & Washington RR. (Pa.
Co.)*f 787
Weatherford, Mineral Wells & North-
western Ry.f • 571
Wellington & Powellsville RR.f 287
AVellston&Jackson Belt Ry. (H.Vy.)t 386
\\Yllsville, Coudersport & Pine Creek
llll. (B. &S.).... 1509
West Chester RR. (Pa. RR.)f 720
W.-st Clarion RR. (N. Y., L. E. & W.
Coal &RR.) .- 100
Westerman RR. (Erie) . 103
Western Allegheny RR 1566
Western & Atlantic RR. (N., C. & St.
L.) 313
Western Maryland RR.f 161
Western New York & Penn. Ry. (Pa.
I!l!.)t 727
Western Pennsylvania RR. (Pa.
RR.)t 720
Western l!y. of Alabama*t 313
Western Ry. of Mexioof 877
West Jersey & Seashore RR. (Pa.
1:1: >*t 748
West Ontario Pacific Ry. (Ont. &
Quo.) 813
West Range RR 1673
West Shore RR. (N. Y. C. & H. R.)f.. 124
W.-st Side Belt RR.f 197
West Stockbridge RR. (N. Y., N. H.
&H.R.)*f 34
WestVirginia,Map of. .Bet. pp. 128 and 129
Steam Railroads.
PAGE
West Virginia — State, County and
City Debts 1426
West Virginia — Street Railways in. . . 1 124
West Virginia & Pittsburg RR. (B.
&0.)f 61
West Virginia & Southern RR.*f .... 287
West Virginia Cent. & Pittsburgh
Ry.*t 163
West Virginia Northern RR.f 1673
W. Virginia, Pineville & Tenn. RR.|. 1673
W. Virginia Short Line RR. (B. &
O.)t 61
Wharton Vy. Ry. (N.Y., Ont. & W.)f 133
Wheeling & Lake Erie RR.f 438, 1566
Wheeling, Pittsburgh & Baltimore
RR. (B. &O.) 61
Wheeling Terminal Ry. (Pa. Co.)
(The)f 788
Whippany River RR.f 197
White & Black River Vy. Ry. (C., O.
& G.) 1531
White Castle & Lake Natchez Ry. . . . 1674
Whitefield & Jefferson RR. (Cone.
&Mont.)t 13
White Pass & Yukon Ry 852
White River RR.f 46
Wichita Falls Ry. (M. K. & T.) 499
Wichita Valley Ry.f 571
Wiggins Ferry Co.*t 572
Wilkesbarre & Eastern RR. (N. Y.,
S. & W.)f 106
Wilkes-Barre & Harvey's Lake RR.
(L. V.) 687
Wilkes-Barre & Scranton Ry. (C. of
N. J.)*f 154
Williamsport & North Branch RR. f. . 197
William's Valley RR.f 198
Williamsville,Greenville & St.L.Ry.f. 572
Willmar & Sioux Falls Ry.(Gt.No.)*t 588
Wilmington & Nor. RR.(P.&R.)t 149, 1566
Wilmington Ry. Bridge (S. A. L.) 245
Wilton RR. (B. & L.)*t 1 1
Winchester & Potomac RR. (B.&O.)* 62
Winchester & Strasburg RR. (B. &
O.)* 62
Wind Gap & Delaware RR. (C. of N.
J.)t 154
Winfield RR 1674
Winifrede Coal Co. (W. RR.) 287
Winifrede RR.*t 287
Winona Bridge Ry.t 624
Winston & Bone Valley Ry. (A.C.L.). 207
70
CKNKKAL INDKX — Sli:.\M KA I I.U< >.\ I >S.
NI,-.,,,, i:., iii. ..i.i-
1 arrnington
m ' ^ .iNTvillr
KK.t .......................... 40
\\i-.-oiisin. Map (.f . . .lid. /»/». 440 and 441
\\iM-on.-in State. County and City
Dd.ts .......................... 1426
Wi-eonsiii Street Hallways in ...... 1125
Wi>eonsiii ,V; Michigan Ry.f ......... 459
Wi>eonsin Ci-ntral Ky.f ........ 440, 1567
Wisconsin, Michigan it Nortli«Tii Ry.
(W. & M.) ...................... 459
Wisconsin, Minn. & Pacific UK. (C.
<; \V.)*t .......................
\\ "isronsin Wc.sti-rn RH. (C., M. & St.
P.)t ...........................
Wood River Branch RR.f ..........
Woodstock Ry.*f ................. 46
Woodward Iron Co.'s RR ........... 1675
Wn.msocket & Pascoag RR. (X. E.)t- 31
Worcester, Nashua & Rochester RR.
(B.&M.)*t ..................... 15
Wrightsville & Tennille RR.| ........ 287
Wyoming, Map of ..... Bet. pp. 608 and 609
Wyoming— State Debt ............. 1429
Wyoming & Missouri River RR ...... 624
577
366
46
Strain Itailroads.
Yadkiii RR. (So. Ry.) 260
Yaiikton \- Western RR ):.()>
Ya/omV Mississippi Valley RR.f.314, I.r((i7
Yellow Kiver Rl{. (L. &N.) :iO<i
Yi-llowstone Park Ky til.' 1
York & Carleton Ry.f 853, 15<i8
York, Hanover & Frederick RR. (No.
C.)t "I'
York Harbor & Beach RR.(B.&M.)*t 1«
Youghiogheny C'entral Ry 1675
Youghiogheny Northern Ry. (P. iV
L. E ) 130
Youngstown & Austintown Ry.(Erie) 103
YrekaRR.f. . 678
Zanesville & Western Ry 386
Zanesville, Marietta & Parkersburg
RR 1568
Zanesville Terminal RR.f 459
Zimmerman, Leesville & Southwest-
ern Ry 1675
137" (•) See. also. Statement of Dividends Paid. 1896-19O3, pases 1430 to 1445, Inclusive;
(t) Table of Annual Meetings, Transfer Agencies, etc., pages 146O-1486, inclusive.
Niles-Bement-Pond Co
NILES TOOL WORKS, Hamilton, Ohio.
BEMENT-MILES WORKS, Philadelphia, Pa.
POND MACHINE TOOL WORKS, Plainfield, N. J.
ELECTRIC CRANE WORKS, Philadelphia, Pa,
PRATT & WHITNEY WORKS, Hartford, Conn.
Complete Equipments for Railway Shops
NILES lo-FOOT BORING AND TURNING MILL.
HACHINE TOOLS
ELECTRIC TRAVELING CRANES
OFFICES:
Ne>v Vork, 136-138 Liberty Street Pittsburgh, Prick Building
Boston, 144 Pearl Street St. Louis, 5 16 North 3d Street
Chicago, Western Union Building Philadelphia, 21st and Callowhill Streets
London, 23-25 Victoria Street, S. W.
AGENTS: Henshaw, Buckley & Co., San Francisco and Seattle.
THE SPRAGUE-6ENERAL
ELECTRIC SYSTEM
of MULTIPLE UNIT CONTROL
for ELECTRIC TRAINS
Challenges comparison with other systems on the following points :
1. The Sprague-General Electric System is neither in an experi-
mental nor an untried stage, but is to-day in satisfactory operation
on 1,162 cars running on twenty-three roads in the United States,
Great Britain, France, Germany and Italy.
2. Contracts for additional Sprague-General Electric Control
equipments are now being filled which will bring up the total num-
ber of cars to 2,243 and the number of roads to forty. A list of
these roads will be sent on application.
3. The Sprague-General Electric System of Control is entirely
independent of the brake system, so that should the air brakes
fail, the train could still be started, stopped or reversed by the motor-
man.
4. The Control apparatus of the Sprague-General Electric System,
is operated direct by line current without the intervention of storage
batteries working a more or less complicated system of electro-pneu-
matic valves. As long as there is power to move the train, the same
power will operate the Sprague-General Electric System of Control.
5. The Sprague-General Electric System of Train Control is the
fruit of eleven years of unrivalled experience in the manufacture of
controllers for over 50,000 cars operating on over 25,000 miles of
road in all parts of the world.
%
THE
GENERAL ELECTRIC COMPANY
Manufacturer of Curtis Turbine
Principal Office, SCHENECTADY, N. Y.
NEW YORK OFFICE, 44 Broad Street
GREAT BRITAIN AND IRELAND, The British Thomson-Houston Co.,
Ltd., of Rugby and 83 Cannon Street,
London, E. C.
GENERAL INDEX STREET RAILWAYS.
71
GENERAL INDEX, Continued. — PART 2: DEPARTMENT OF CITY AND
SUBURBAN RAILWAY AND TRACTION COMPANIES.
Street Railways.
PAGE
A
Adirondack Lakes Traction Co 1002
Adrian Street Ry 970
Alabama City,Gadsden&AttallaRR.| 881
Alabama, Street Railways in 881
Albany & Hudson RR.f 1002
Albany Street Ry 1068
Albion Electric Ry.f 1003
Algiers, Gouldsboro & Gretna Ry. . . . 939
AlleghenyTraction Co. (Consol.Trac.) 1091
Allentown & Reading Traction Co. . . 1069
Allentown & Slatington Street Ry.
(L. Vy. Tr.)*f 1078
Alton & East Alton Ry. & P. Co 911
Alton Light & Traction Co 1581
Alton Ry., Gas & Electric Co.f 910
Altoona & LoganValley Electric Ry.f 1070
Amelia Beach Co 906
American Rys. Co. (The). .^ . 1149
Amesbury & Hampton Street Ry. (E.
H. & A.) 989
Amherst & Sunderland Street Ry.f- •• 947
Anacostia & Potomac River RR.
(Wash. Ry. & Elec.) 905
Anniston Electric & Gas Co.f 881
Anoka Street Ry 978
Arizona, Street Railways in 883
Arkansas, Street Railways in 883
Arlington Heights Motor Ry. (W. W.
P. Co.) 1123
Asbury Park & Sea Girt RR. (A. C.
,Elec.)f 992
Asheville & Craggy Mountain Ry .... 1051
Asheville Electric Co.f 1051
Ashland & Centralia Electric Ry 1070
Ashland Light, Power & Street Ry. . . 1125
Ashland, Locust Dale & Centralia
Electric Ry. (Schuylkill Trac.). . . .
Ashtabula Rapid Transit Co.f
Astoria Electric Co
Atchison Ry., Light & Power Co.f. . .
Athens Electric Ry.f
Athol & Orange Street Ry.*t
Atlantic City & Suburban Trac. Co.-f-.
Street Railways.
PAGE
Atlantic City Electric Ry 991
Atlantic Coast Electric RR.f 991
Atlantic Shore Line Ry 940
Auburn & Syracuse RR 1003
Augusta-Aiken Ry. & Elec. Co 907
Augusta, Winthrop & Gardiner Ry . . 940
Aurora, Elgin & Chicago Ry.*t 911
Austin Electric Ry 1114
Babylon RR.f
Bakersfield & Kern Electric Ry.f
Ballston Terminal RR.f '. . . 1003,
Baltimore & Washington Transit Co.
Balto., Sparrows' Point & Chesapeake
Ry. (U. Rys. & Elec. Co. of Bait.). .
Bangor & East Bangor Street Ry ....
Bangor, Hampden & Winterport Ry.
(P. Wks. Co.)f
Bangor, Orono & Old Town Ry. (P.
Wks. Co.)f
Bangor Street Ry. (P. Wks. Co.)t
Barre & Montpelier Traction & Power
Co.f
Baton Rouge Electric & Gas Co
Bay Cities Consolidated Ry.f
Bay Shore Terminal Co
Beaver Valley Traction Co. (The)f. . .
Bellows Falls & Saxton's River Elec-
tric RR
Belton & Temple Elec. Ry
Bennington & Hoosick Valley Ry.f- •
Benton & Fairfield Ry.f
Benton Harbor & St. Joseph Electric
Ry. & Light Co
Benton Power & Traction Co
Bergen Turnpike Co. (J. C., H. & P.)
Berkshire Street Ry.f
Berlin & Waterloo Street Ry.f
Berlin Street Ry.t
Bethlehem & Nazareth Passenger Ry.
(L. Vy. Tr.)
1003
884
1581
902
947
1070
943
943
943
1117
939
970
1118
1070
1117
1114
1004
940
970
978
999
948
1128
988
1078
^~ (•) See, also, Statement of Dividends Paid, 1893-1903, pages 1446 to 1453, inclusive,
and (t) Table of Annual Meetings, Transfer Agencies, etc., pages 1487-1499, inclusive.
I.I:M:I:.M. INDEX — STREET RAILWAYS.
Street Railway*.
PAGE
Biddeford & Saco RR 941
Binghamton Ry.*f 1004, 1581
Birmingham, Knoxville & Allentown
Tr. (P. & B. Tr.) 1095
Birmingham Ry., Light & Power
Co.*t 881
Black River Traction Co.f 1005
Bleecker St. & Fulton Ferry RR.
(Met. St.)*t 1030
Bloomficld Street Ry.(Cons. Tr. Co.) 1093
Bloomington & Normal Ry. Elec. and
Heating Co.f 911
Blue Hill Street Ry. (The)t 948
Bluff City RR 980
Boise Rapid Transit Co.f 910
Boone Electric Co 931
Boston & Chelsea RR. (B. & N.) *t . . 952
Boston & Northern Street Ry.*f 950
Boston & Revere Electric Street Ry.
(B. &N.)*f 952
Boston & Worcester St. Ry . . 952
Boston Elevated Ry.*t 948
Boulder Elec. Light & Power Co 892
Bowling Green Ry 936
Bozeman Street Ry 986
Bradford Elec. Street Ry 1071
Branford Electric Ry. (F., H. & W.) . 896
Branford Lighting & Water Co 1582
Brantford Street Ry 1129
Brattleboro Street RR.f 1117
Brentwood, Clayton & St. Louis RR.
(St. L. &Sub.) 983
Bridgeton & Millville Traction Co.t . . 992
Bridgeton Rapid Transit Co. (B. &
M. Tr.)t 992
Brigantine Transportation Co.t 993
Brightwood Ry. (W. Ry. & El.)t 905
Bristol & Plainville Tramway Co.*f . 894
Bristol Belt Line Ry 1112
Bristol County Street Ry.f 952
British Columbia Electric Ry 1129
Broad Ripple Traction Co. (Ind. St.) 928
Broadway & Seventh Ave. RR. (Met.
St.)*f 1030
Brockton & Plymouth Street Ry.f. . . 953
Brooklyn City & Newtown RR. (C. I.
&B.)t 1014
Brooklyn City RR. (B. R. T.)*f 1009
Brooklyn Heights RR. (B. R. T.)f . . . 1008
Brooklyn, Queens County & Suburban
RR. (B. R.T.)f 1011
Brooklyn Rapid Transit Co. f ... 1005, 1582
Street Railways.
Brooklyn Union Elevated RR. (B. R.
T.)*t
Brownstown & Ewing Street Ry
Brownsville & Gulf Ry.f
Brownsville Avenue Street Ry. (P. &
B. Trac.)
Buffalo & Depew Ry.f
Buffalo & Williamsville Electric Ry.f
Buffalo, Dunkirk & Western RR.1012,
Buffalo, Gardenville & Ebenezer Ry.t
Buffalo; Hamburg & Aurora Ry
Burlington & Hinesburgh RR.f
Burlington County Trac. Co.t
Burlington Ry. & Light Co.t
Burlington Traction Co.*f
Butler Passenger Ry
Butte Electric Ry
Cairo Electric Ry
Calais Street Ry.f
California Pacific Ry. (Los Ang. Tr.) .
California Street Cable RR.*f
California, Street Railways in -.
Calumet Electric Street Ry. (The)f . .
Camden & Suburban Ry.f
Camden & Trenton Ry.f -A
Camden, Gloucester & Woodbury Ry.
(So. J.,G. E. &Tr.)f
Camden Horse RR. (C. & Sub.)*f. . . .
Camden Interstate Ry.f
Canada, Street Railways in
Canton-Akron Ry. (The)
Cape Girardeau & Jackson RR
Cape May,Del.Bay & Sewell's Pt.RR.
Capital Traction Co.*f
Carbondale Ry. (Scranton Ry.)
Carlisle & Mt. Holly Ry.f 1071,
Carrollton Water, Light & Power Co..
Catharine & Bainbridge Street Ry. of
the City of Phila. (Phila. R. T.)*f. .
Catskill Electric Ry.f 1012
Cayuga Lake Electric Ry. (Ith. St.). . 1023
Cedar Rapids & Iowa City Ry. & Lt.
Co 1582
Cedar Rapids & Marion City Ry.*f-. .
Centennial Passenger Ry. (Phila. R.
T.)
Central Crosstown RR. (Met. St.)*t .
Centralia & Central City Street Ry.f.
GENERAL INDEX STREET RAILWAYS.
73
Street Railways.
PAGE
Central Market Street Ry 1053
Central Park, North & East River
RR. (Met. St.)*t 1031
Central Pennsylvania Trac. Co 1583
Central Ry., Peoria, 111 912
Central Street Ry 885
Central Traction Co. (Pitts. Rys.)*f. . 1092
Charleston Consolidated Ry., Gas &
Electric Co.f 1111
Charlotte Elec.Ry., Light & Pow.Co. f 1051
Charlottesville City & Suburban Ry. . 1119
Chattanooga & Lookout Mountain
Ry 1112
Chattanooga Electric Ry 1112
Chelton Ave. Pass. Ry. (Phila. R. T.). 1087
Chesapeake Transit Co 1119
Chester & Delaware St. Ry. (C. Tr.). . 901
Chester & Deny RR. Ass'n 988, 1583
Chester & Media Electric Ry. (C. Tr.
Co.) 901
Chester, Darby & Philadelphia Ry.
(C. Tr.) 901
Chester Street Ry. (C. Tr.) 901
Chester Traction Co. (Wil. & C.)t 9CO
Chicago & Desplaines Valley Electric
Ry.f ; 912
Chicago & Harlem Ry. (Lake St. El.). 921
Chicago & Joliet Electric Ry. (The)t . 912
Chicago & Milwaukee Electric RR.f . 912
Chicago & South Shore Electric Ry. . . 926
Chicago City Ry. Co.*t 913'
Chicago Consolidated Traction Co.. . . 913
Chicago Elec. Traction Co.f 914
Chicago General Ry.f. . . 915
Chicago, Harvard & Geneva Lake Ry. 1125
Chicago North Shore Street Ry. (C.
Con.) 914
Chicago Passenger Ry. (C. Un. Tr.)*f 917
Chicago Union Traction Co.*f 915, 1583
Chicago West Div. Ry. (C. Un. Tr.). . 917
Chillicothe Elec. RR., Light & P. Co..
Chillicothe Street RR.f
( 'hi ppewa Valley Electric RR.f
Chittendcn Development Co 1118
Christopher & Tenth Street RR.(Met.
8t.)*t 1036
Cine. & Hamilton Trac. Co. (C. Inter.) 1054
Cincinnati, Dayton & Toledo Trac.
Co 1053, 1583
Cine., Georgetown & Portsmouth RR. 1054
Street Railways.
PAGE
Cincinnati, Hamilton & Dayton Trac.
Co 1054
Cincinnati Interurban 1054
Cincinnati, Lawrenceburg & Aurora
Electric Street RR 1054
Cincinnati, Newport & Covington
Ry.*t 936
Cincinnati Street Ry. (Cine. Trac.)*f. 1055
Cincinnati Traction Co.*f 1054
Citizens' Clearfield & Cambria Street
Ry. (Phila. R. T.) 1085
Citizens' East End St. Ry. (Ph. R. T.) 1085
Citizens' Elec. Co. (Eureka Springs,
Ark.)f 883
Citizens' Electric Ry., Light & Power
Co. (Mansfield, O.) 1055
Citizens' Electric Street Ry. (New-
buryport, Mass.) 953
Citizens' Pass. Ry. (Harrisburg
Trac.)f 1075
Citizens' Pass. Ry. (Phila. R. T.)*t- • 1085
Citizens' Pass. Ry. (Sch. Vy. Tr.)f. . . 1099
Citizens' Ry. (Waco, Tex.) 1114
Citizens' Ry. & Lt. Co. of Muscatine,
la.f 932
Citizens' Ry., Light & Power Co.
(Norf., Ports. & N. N.) 1120
Citizens' RR., Lt. & Pow. Co., Fish-
kill 1013,
Citizens' Traction Co., Oil City, Pa. . .
Citizens' Traction Co., (Cons. Tr.)f.. .
City&SuburbanRy.,Portland,Ore.*f.
City & Suburban Ry. of Washington.
City Electric Ry. (Det. United) 973
City Electric Ry. (Rome, Ga.) 908
City Island RR.f 1013
City Passenger Ry. of Altoona (A. &
L. Vy.)f 1070
City Ry. (Dayton, O.)* 1055
City Street Car Co. (Staunton, Va.) . . 1119
Cleveland & Southwestern Trac. Co . . 1055
Cleveland City Ry. (Cleve. Elec.)*t - . 1056
Cleveland Electric Ry.*t 1056
Cleveland, Painesville & Eastern
RR.f 1057
Clinton Street Ry 981
Coal Belt Electric Ry.f 918
Coal Castle Electric Ry. (Pottsv. U.)t 1097
Coalville Passenger Ry. (W.& W.Vy.) 1107
Collegeville Electric Ry. (Sch. V. Tr.) 1099
jar* (*) See, also. Statement of Dividends Paid, 1898-19O3, pages 1446 to 1453, Inclusive;
(t) Table of Annual Meetings, Transfer Agencies, etc., pages 1487-1499, inclusive,
OKNEKAL IMJKX STKEKT RAILWAYS.
Railways.
PAGE
Colorado Springs & Cripple Creek Dis-
trict Ry 892
Colorado Springs «t Intorurban Ry.f- 892
Colorado, Street llail\v:iys in 892
Columbia A: Montour Electric Ry. . . . 1072
Columbia Elec. St. Ry.,Lt. & Pow.Co. 1111
Columbus, Buckeye A. .\e\\ark Trac.
Co * 1057
Columbus, Delaware & Marion Elec-
tric RR.f 1057
Coluinhvis, Ci rove City «.t Southwestern
Ry. (C.,L. &S.) 1058
Columbus, London & Springfield Ry.f 1057
Columbus RR. (Columbus, Ga.)t 908
Columbus Ry.(The) (Columbus,O.)*t 1058
Columbus Ry. & Light Co. (The) 1058
Commonwealth Avenue Street Ry.*t 953
Concord & Boston Street Ry. (Lex.
&B.) 958
Concord,Maynard&Hudson Street Ry. 953
Concord Street Ry.f 989
ConestogaTrac.Co.(L.Co.Ry.&L.)f. 1077
Coney Island & Brooklyn RR.*f 1013
Coney Island & Gravesend Ry. (B.
R. T.)f 1011
Connecticut Ry. & Lighting Co. t 894
Connecticut, Street Railways in 894
Conshohocken Ry. (Sch. Vy. Tr.)f. . . 1099
Consol. Ry. & Pow. Co. (Salt Lake
City)f 1116
Consolidated Rys., Light & Power Co.
( Wilmington, N. C.)* 1051
Consol. Street Ry. (Strong City) 934
Consol. Trac. Co. of N. J. (Pub. Ser.
Corp.)*t 999
Donsol. Trac. Co. (Pittsburgh Rys.)*.. 1091
Continental Pass. Ry. (P. R. T.)*f. . . 1088
Conway Electric Street Ry 954
Coplay, Egypt & Ironton St. Ry. (L.
Vy. Tr.) 1078
Corning & Painted Post Street Ry.f. . 1014
Cornwall Electric Street Ry 1129
Corsicana Transit Co 1114
Cortland County Traction Co.f 1014
Cot t age City & Edgartown Trac. Co.f 954
Covington <fc Oxford Street RR 908
Creager Electric Light & Power Co. . . 1058
CrosstownSt.Ry.of Buff. (Inter.Tr.)f 1023
Crump's Street Ry 926
Cumberland & Western port Elec.Ry . 945
Cumberland Electric Ry.*t 945
Cumberland Valley Traction Co. t., . 1072
Street ii.niu.o-.
PAGE
D
Dallas Elec. Corporation! 1114
Danbury & Bethel Street Ry.*t 895
Danbury & Harlem Trac. Co.f 1014
Danville Ry. & Elec. Co. (Norf., P. &
N. N.)f 1120
Danville Street Ry. & Light t 918
Danville, Urbana & Champaign Ry.. . 918
Dartmouth & Westport Street Ry.*t- 954
Dayton&NorthernTractionCo.(The)t 1058
Dayton & Troy Electric Ry.*f 1059
Dayton & Western Traction Co.*f. . . 1059
Dayton & Xenia Transit Co 1059
Dayton, Covington & Piqua Trac. Co. 1059
Dayton, Springfield & Urbana Ry.*f- 1059
Decatur Street Ry 882
Decatur Traction & Electric Co 918
De Kalb Ave. & North Beach RR. (C.
I. &B.) 1014
Delaware Co. & Phila. Elec. Ry.*f . . . 1072
Delaware Electric Traction Co 900
Delaware, Street Railways in 900
Denison & Sherman Ry 1114
Denver & Northwestern Ry 892
Denver City Tramway Co. [D.& N .]*f 892
Denver, Lakewood & Golden RR.
[Electric Div.] 893
Des Moines City Ry.f 932
Detroit & Lake St. Clair Ry. (Det.
Un.) 973
Detroit & Pt. Huron Shore L. Ry.
(D. Un.) 973
Detroit, Mt. Clemens & Marine City
Ry. (D. Un.) 973
Detroit, Plymouth & Northville Ry.f 971
Detroit United Ry.*t 971
Detroit, Ypsilanti, Ann Arbor & Jack-
son Ry. f 974
Dist. of Columbia, Street Railways in. 902
Dover, Somersworth & Rochester St.
Ry. (E. H. &A.) 989
Doylestown & Willow Grove Ry.
(Phila. R. T.)f 1085
Dry Dock, East Broadway & Battery
RR. (Met. St.)t 1033
Du Bois Electric & Traction Co.f 1072
Duluth Street Ry. (D.-S. Trac.) 978
Duluth-Superior Traction Co.*f 978
Dunkirk & Fredonia RR.*f 1015, 1584
Duquesne Traction Co. (Pitts. Rys.)* 1092
Durango Ry. & Realty Co 893
Durham Traction Co. ... . 1051
GENERAL INDEX STREET RAILWAYS.
Street Railways.
PAGE
E
East End Passenger Ry 1072
East Harrisburg Pass.Ry.(H.Trac.)*t 1075
East Hartford & Glastonbury St. Ry.
(H. St.) 897
East Liverpool Ry. (Unit. Pow. Co.) . 1067
Kast Middlesex St. Ry.tBo.st. & N.)*f 952
Eastern Ohio Traction Co. f 1060
East McKeesport St. Ry.( Pitts. Rys.) 1093
Kaston & Bethlehem Transit Co. (L.
V. Tr.) 1079
Easton Consol. Electric Co. (L. Vy.
Tr.)t 1078
Boston, Palmer & Bethlehem St. Ry.
(L. Vy. Trac.) 1078
Easton Transit Co. (L. Vy. Trac.) .... 1079
East Reading Electric Ry.(U.Trac.)*t H04
East St. Louis & Suburban Co 918
East St. Louis & Sub. Ry 919
East St. Louis Ry. (E. St. L. & Sub.) . 919
East Side Traction Co. (Syrac.R.T.). . 1048
East Taunton St. Ry 954
EastWashingtonHeightsTractionRR. 902
Egypt Electric Ry.f 919
Eighth Avenue RR. (Met. St.)*t 1031
Electric Light & Ry. Dept. of Ana-
conda Copper Mining Co 987
Electric Ry. & Power Co., Tiffin, O. . . 1060
Electric Ry., Light & Ice Co.f 934
Electric Street Ry. of Clarksville 1112
Elec. Trac. Co. of Phila. (P. R. T.)*f. 1085
Elgin, Aurora & Southern Trac. Co.*f 919
Elizabeth, Plainfield & Central Jersey
Ry. (Pub. Serv. Corp.)t 998
Elmira & Seneca Lake Ry.f 1015
Elmira Watertight & RR.Co.f. 1015, 1584
El Paso Electric Co. f... 1115
Empire Passenger Ry. (Ph. R. T.)*f. 1088
Eric Electric Motor Co.f 1073
Erie Rapid Transit Street Ry 1073
Erie Traction Co.f 1073
Escanaba Electric Street Ry 974
Evansville Electric Ry . . . . 920
Everett Ry. & Electric Co.f 1122
Exeter, Hampton & Amesbury St. Ry. 989
Fairhaven & Westville RR.*f ..'..... 895
Fairmont & Clarksburg Electric RR. . 1124
Street Railways.
PAGE
Fairmount Park & Haddington Pas-
senger Ry. (Phila. R. T.)*t 1085
Fairmount Park Transportation Co. *f 1074
Farmington Street Ry. f 896
Federal Street & Pleasant Valley
Pass. Ry. (Pittsburgh Rys.)*f 1094
Fishkill Electric Ry. (Citizens' RR.,
L. &P.) " 1013
Fitchburg & Leominster Street Ry.*f 954
Florida, Street Railways in 906
Fond du Lac & Oshkosh Elec. Ry. ... 1126.
Fond du Lac Street Ry. & Light Co. . . 1 126
Fort Madison Street RR 932
Fort Meade Street Ry. Co.f 906
Fort Scott Gas & Electric Co 935
Fort Smith Light & Traction Co.f 884
Ft. Wayne & Southw. Trac. Co ... 926, 1584
Fort Wayne Traction Co.f 926
Forty-second Street & Grand Street
Ferry RR. (Met. St.)*t '• 1031
Forty-second Street, Manhattanville
& St. Nicholas Ave. Ry.(Met.St.)f. 1034
Fountain Head Ry 1112
Fox River Electric Ry. & Power Co. . 1126
Framingham, Southborough & Marl-
borough Street Ry. (Marl. St.) f. ... 959
Framingham Union Street Ry 955
Frankford & Southwark Philadelphia
City Pass. Ry. (Phila. R. T.)*f 1085
Frankfort & Suburban Ry 936
Franklin Electric Street Ry 1074
Frederick & Middletown Electric Ry. 946
Freeport Ry., Light & Power Co.f 920
Fresno City Ry 885
Fries Manufacturing & Power Co.f . . . 1052
Front & Union Point RR.(W. City) . . 901
Fryeburg Horse RR.f 941
Fulton Street RR. (Met. Sec.)f 1037
Gainesville & Dahlonega Elec. Ry. . . . 908
Gainesville & Hall County Street RR. 908
Galesburg Elec. Motor & Power Co. . . 920
Gait, Preston & Hespeler St. Ry.f. ... 1129
Galveston City Ry.'t 1H5
Gardner, Westminster & Fitchburg
Street Ry 955
Geary Street, Park & Ocean RR.*f. . . 885
*#" (*) See, also. Statement of Dividends Paid. 1896-1903. panes 1446 to 1453, inclusive,
and (?) Table of Annual .Meetings, Transfer Agencies, etc.. pages 1487-1499. inclusive.
<;I:M:I:AI. INHKX — STKKKT KAIMVAYS.
Street Railway*.
FAOE
General Electric Ry 920
Geneva Waterloo, Srneca Falls &
Cayuga Lake Trac. Co.f 1016
Georgetown & Lexington Trac. Co. . . 937
Georgetown & Tenallytown Ry 905
Georgetown, Rowley & Ipswich St.
Ry 955
Georgia Ry. & Electric Co.*f 908
Georgia, Street Railways in 907
Germantown Pass. Ry. (Ph. R. Tr.)f. 1087
Gettysburg Transit Co 1074
Girarcl Avr. Pass. Ry. (Phila. R. Tr.). 1087
Gordon Heights Ry.(Wilm. City Ry.) 901
Grand Junction Street RR.f 893
Grand Rapids, Grand Haven & Mus-
kegon Ry.f 975
Grand Rapids Ry.*f 974
Granite City & St. Louis Ry 920
Great Falls Street Ry . f 987
Green & Coates Sts. Phila. Pass. Ry.
(P. Rap. T.)*f 1087
Greenfield & Deerfield Street Ry.f. . . 955
Greenfield & Turner's Falls St. Ry . *f . 955
Greenville Light & Car Co 980
Greenville Traction Co.f 1111
Greenwich Tramway Co 1016
Guelph Street Ry 1 129
Hagerstown & Boonsboro Ry.f 946
Hagerstown Ry.f 946
Halifax Elec. Tramway Co., Ltd.*f. . 1129
Hamburg Ry.f 101.7
Hamilton & DundasSt. Ry. (H. C. P.
L. &Tr.)t 1130
Hamilton Cat. Power, L. & Trac. Co.
Ltd.,(The)*t 1130
Hamilton El. Lt. & Cat. Pow. Co.
(Ltd.) (H. C. P. L. & T.) 1 130
Hamilton, Grimsby & Beamsville
Electric Ry.*f 1131
Hamilton Radial EJec. Ry. (H. C. P.
' L.&T.f) 1131
Hamilton Street Ry.(H.C.P.L.&T.)f. 1130
Hammond, Whiting & East Chicago
Elec. Ry. (So. Chic. City)f 925
Hampshire & Worcester Street Ry . . . 956
Hampshire Street Ry.f 956
Hampton Roads Ry. & Elec. Co 1119
Hannibal Ry. & Electric Co . . 981
Street Railways.
PAGE
Hanover & McSherrystown St. Ry . . . 1074
Harrisburg&MechanicsburgElec.Ry.f 1074
Harrisburg City Pass.Ry. (H. Tr.)*f. 1075
Harrisburg Traction Co.*t 1075, 1584
Hartford & Springfield Street Ry.f - . 836
Hartford, Manchester & Rockville
Tramway Co.t 897
Hartford Street Ry.*t 897
Haverhill & Amesbury Street Ry . f. - - 956
Haverhill & So'n New Hampshire St .
Ry 957
Haverhill & Plaistow St. Ry. (E. H.
&A.) 989
Haverhill, Georgetown & Danvers St.
Ry 956
Haverhill, Plaistow & Newton St. Ry.
(E. H. &A.) :. 990
Helena Light & Traction Co.f 987
Henderson Electric Street Ry 937
Hendersonville Street Ry 1052
Hestonville, Mantua & Fairmount
Pass. RR. (Phil. Rap. Tran.)*f .... 1086
Highland Grove Trac. Co 1075
Highlands RR 927
Hill Crest Ave. Pass. Ry. (P.R.T.) . . . 1087
Hoboken RR. Wareh. & SS. Conn. Co. 994
Holmesburg, Tacony & Frankford
Electric Ry.f 1075
Holyoke Street Ry.*t 957
Hoosac Valley Street Ry 957
Hornellsv. & Canisteo Ry.(The)fl017, 1584
Hornellsville Electric Ry.f 1017
Hot Springs Street RR. f 884
Houghton County Street Ry. (The)*f 975
Houston Electric Co.f 1115
Hudson, Pelham & Salem Elec. Ry. . . 990
Hudson Valley Ry.f .1017,1584
Hull Electric Ry.f 1131
Huntingdon Street Connecting Pas-
senger Ry. (Phila. Rap. Tran.)*. . . 1088
Huntington RR.f 1018
Huntsville Ry., Light & Power Co 882
Hutchinson Street Rv. . 935
Idaho, Street Railways in 910
Illinois River Ry. (()." Ry. L. & P.) ... 924
Illinois, Street Railways in 910
Illinois Valley Traction Co.f . . 920
GENERAL INDEX STREET RAILWAYS.
77
Street Railways.
PAGE;
Independence & Rush Park Ry 932
Indiana Ry 927
Indiana, Street Railways in 926
Indiana Union Traction Co 1585
Indianapolis & Eastern Ry 927
Indianapolis & Martinsville Rapid
Transit Co 927
Indianapolis & Plainfield Elec. RR. . . 928
Indianapolis, Columbus & Southern
Trac.f 928
Indianapolis Northern Traction Co.
(U. Tr.) 931
Indianapolis, Shelbyville & South-
eastern Tr 928
Indianapolis Street Ry. (I. Tr. &
Term.) 928
Indianapolis Trac. & Term. Co 928
Intcrborough Rapid Transit Co.f . . . . 1018
International B. & Tr.Co.(L.E.& Ry.) 1115
International Ry. Co.*f 1021
International Traction Co.f 1020
International Transit Co 1131
Interstate Consolidated Street Ry.*f. 957
Interstate Rys. Co 1269
Interstate Traction Co.f. . . .' 978
Interurban Ry. & Term. Co. (The)f . . 1060
Interurban Ry. (Des Moines)f 932
Interurban St. Ry. (Met. Sec.). . .1026, 1585
lola Electric RR 935
Iowa, Street Railways in 931
Ithaca Street Ry.f 1023
Jackson & Battle Creek Trac. Co 975
Jackson & Suburban Trac. Co 975
Jackson & Suburban Street RR 1112
Jackson Elec. Ry., Light & Power Co. 980
Jacksonville Electric Co.*f 906
Jacksonville Ry 920
Jamestown Street Ry.f 1024
Jancsvillc Street Ry 1126
Jeffersonville City Ry 929
Jersey Central Traction Co 994
Jersey City & Bergen RR. (Pub. Serv.
Corp.)t , 999
Jersey City, Harrison & Kearney Ry.
(P. S. Corp.) 999
Street Railways.
PAGE
Jersey City, Hoboken & Paterson St.
Ry. (Pub. Serv. Corp.) f 998
Johnson City & Carnegie Street Ry. . . 1113
Johnstown, Gloversville & Kingsboro
RR-t 1024
Johnstown Pass. Ry.*t 1076
Kanawha Valley Trac. Co 1124
Kankakee Electric Ry.f 920
Kansas City Interurban Ry 981
Kansas City-Leavenworth RR 935
Kansas City Ry. & Light Co 981
Kansas, Street Railways in 934
Keene Electric Ry 990
Kentucky, Street Railways in 936
Keokuk Electric Ry . & Power Co. f. . . 933
KesslerSt. Conn. Pass.Ry. (P.R.T.)*. 1088
Key West Electric Co.f 906, 1586
Kickapoo Transit Co 982
Kingsb ridge Ry. (Third Ave.)| 1034
Kingston Consolidated RR.*f 1024
Kingston, Portsmouth & Cataraqui
Electric Ry 1131
Kittanning & Ford City Street Ry . . . 1076
Knoxville Traction Co.f 1113
Kokomo Ry. & Light Co 929
Lackawanna & Wyoming Vy. Rap.
Transit Co. (The) 1076, 1586
Lackawanna Vy. Trac. Co. (Scrant.
Ry.)t HOI
Laconia Street Ry.f 990
La Crosse & Onalaska Street Ry 1126
La Crosse City Ry.*t H26
La Fayette Street Ry.f 929
Lake Charles St. Ry 939
Lake Cities' El. Ry. Co. of Mich.Cityf 929
Lake Shore Electric Ry. (The)f 1061
Lakeside Ry. (Schuyl. Trac.) 1098
Lake Street Elevated RR.f 921
Lancaster & Columbia Ry. (L.Co.Ry.
&L.)*f 1°77
Lancaster County Ry. & Light Co.f • • 1076
|3J~ (*) See also Statement of Dividends Paid, 1896-19O3, pages 1446 to 1453. inclusive,
•no (t) Table of Annual Meetings, Transfer Agencies, etc., pages 1487-1499, Inclusive.
78
• ;I:M-:I:.\I. IM>I:X — STREET RAILWAYS.
Street Hallway*.
PAGE
Lancaster. Mechaniesburg «t New
Holland Ry. (L C.. Ky. & L.)*t- • • 1077
Lancaster Traction Co.f 10G1
Lansingburgh & Cohoos RR. (U.
Trac.)f 1049
Lansing City Electric Ry. (I)., V., A.
A *J.)f. 974
Las Vegas & Hot Springs Klec. Ry.,
L. &P. Co.f 1002
Laredo Electric & Ry. Co 1115
I.al robe St reet Ry 1077
Lawrence & Methuen Street Ry 958
Lebanon Valley Street Ry 1077
Lehigh Avenue Ry. (Phila. Rap.Tr.)f 1086
Lehigh Tract ion Co. (Wilk. &H.)f... HOG
Lehigh Valley Traction Co.*f 1077
Levis County Ry-t 1131
Lewisburg, Milton & Watsontown
Pass. Ry.t 1079
Lewiston & Youngstown Frontier Ry.
(The)f 1024
Lewiston, Brunswick & Bath St. Ry. . 941
Lewistown & Reedsville Elec. Ry.*f . 1080
Lexington & Boston Street Ry.*f. . • - 958
Lexington Ry 937
Liberty & Jeffersonville Elec. RR.f . . 1024
Light & Power Co. of Olympia. 1 122
Lima Electric Ry. & Light Co 1061
Lima-Honeoye Electric Light & RR. . 1025
Lincoln Street Car Co 921
Lincoln Traction Co,*f 987
Lin wood Street Ry.f 958
Little Rock Traction & Electric Co . . 884
Lock Haven Electric Ry. (Susq. Tr.) , 1102
Logansport Ry 929
London Street Ry.*t 1132
Long Island Boynton Bicycle RR. . . . 1025
Longview & Junction Street Ry 1115
Lookout Incline & Lula Lake Ry 1113
Lookout Point Incline Co 1113
Lorain Street Ry.f 1061
Los Angeles & Redondo Ry.f 885
Los Angeles- Pacific RR 886
Los Angeles Ry 885
Los Angeles Traction Co.f 886
Louisiana, Street Railways in 939
Louisville & Eastern RR 937
Louisville Ry.*t 937
Lowell & Boston Street Ry.f 958
Ludington A Northern RR 976
Lykens & Williams Valley Street Ry . 1080
Lynchburg Tract ion «t Light Co 1119
Street. Railways.
PAGE
M
M.u on Ry. & Light Co.* 909
Madison Light & Ry.f 929
Madison Traction Co.*f 1 1 -i>
Mahanoy City, Shenandoah, Girard-
ville & Ashland St. Ry.(Schuyl.Tr.) 1 <!'.»'.»
.Maine, Street Railways in '.Mo
Manchester Street Ry.*f 991
Manhattan Ry. (Interb. Rap. Tr.)*f. 1019
Manistee, Filer City & Eastlake Ily.f. 976
Manitou El. Ry. & Casino Co. (C. S.
&I.) 892
Manufacturers' RR 898
Marcellus Electric RR 1025
Marinette Gas, Elec. Light & St. Ry.
(Menom. El. L., Ry. &P. Co.)f 976
Marion Street Ry.f 1062
Marlborough & Westborough St. Ry. 959
Marlborough Street Ry.f 958
Marquette City & Presque Isle Ry 976
Marshalltown Light, Power & Ry.f- .. 933
Maryland, Street Railways in 945
Marysvillc & Yuba City Street Ry 886
Mason City & Clear Lake Ry 933
Massachusetts Electric Cos 1 198
Massachusetts, Street Railways in ... 947
Mauch Chunk, Lehighton & Slating-
ton Street Ry.f 1080
Maumee Valley Rys. & Light Co 1062
Maysville St. RR. & Transfer Co 938
Meadvillc & Cambridge Springs St.
Ry 1080
Meadville Traction Co 1080
Mechanicsburg & Buffalo Ry 921
Medfield & Medway Street Ry.f 959
Media, Middletown, Ashton & Ches-
ter Electric Ry 1081
Memphis Street Ry 1113
Menominee El. Lt., Ry. & Pow. Co.*f 976
Mercer County Trac. Co. (Tren. St.) . . 1002
Meriden Electric RR.f 898
Meriden, Southington & Compounce
Tramway Co. (Conn. Ry. & L. Co.)f 895
Meridian Light <fc Ry . t 980
Merrill Ry. & Lighting Co. f 1127
Metropolitan Cable Ry. of Omaha. . . . 987
Metropolitan Ry. (Okla. City) 1068
Metropolitan Securities Co.f 1025
Metropolitan St. Ry., Deer Park, Ont .1132
Metropolitan St. Ry. (Met. Sec.)*t . . . 1027
Metropolitan W. Side Elevated Ry.*t 921
Miami Valley Ry. (Day. & T. El.) t - . . 1059
GENERAL INDEX STREET RAILWAYS.
79
Street Railways.
PAGE
Michigan, Street Railways in 970
Michigan Traction Co.f , 976
Middleboro, Wareham & Buzzard's
Bay Street Ry 959
Middlesex & Somerset Traction Co ... 994
Middleton & Danvers Street Ry 960
Middletown-Goshen Electric Ry.f. . .. 1037
Middletown. Highspire & Steelton
Street Ry. (Harrisburg Trac. Co.). . 1075
Middletown Street Ry.*t 898
Milford & Uxbridge Street Ry 960
Mil ford, Attleborough & Woonsocket
Ry 960
Military Post St. Ry. (Burl. Tr.)f . . . . 1118
Milledgeville Ry.f 909
Millvale, Etna & Sharpsburg Street
Ry. (Pittsb. Rys.) 1092
Millville Traction Co.f 995
Milwaukee Electric Ry.& Light Co.*f H27
Milwaukee Lt., Heat & Trac. Co. (M.
E. Ry. &L.)f 1128
Minneapolis Land & Invest. Co 978
Minnesota, Street Railways in 978
Mississippi, Street Railways in 980
Missouri, Street Railways'in 981
Missouri Water, Light & Traction Co . 982
Mobile Light & RR.f '. 882
Moline,East Moline &Watertown Ry. 923
Monmouth County Electric Co 995
Monongahela Inclined Plane Co. *f ... 1081
Monongahela St. Ry. (Pittsb. Rys.) . . 1092
Montana, Street Railways in 986
Monterey & Pacific Grove Street Ry.
& Electric Power Co 886
Montgomery & Chester Elec. Ry. (P.
G. &El.)f 1090
Montgomery County Pass. Ry. (Sch.
Vy. Tr.)f 1099
Montgomery St. Ry 882
Montgomery Traction Co 882
Montoursville Pass. Ry.f 1081
Montreal Park & Island Ry. (M. St.
Ry.)t 1133
Montreal Street Ry.*f 1132
Montreal Terminal Ry 1133
Montville Street Ry.*f 898, 1586
Mount Holly Street Ry.f 995
Mount Mansfield Electric RR 1118
Mount Oliver Incline Ry. (Pitts. Rys.) 1095
Mount Tom RR. (Holyoke St.)* 957
Street Railways.
PAGE
Mount Vernon Electric Ry 1062
Mousam River RR. (S. & C. P. Ry.) . . 944
Muncie, Hartford & Ft. Wayne Ry. . . 929
Muskegon Traction & Lighting Co 977
Myersville & Catochin Ry. (F. & M.
El.) ... 946
N
Nanticoke Street Ry. (W. & Wy. Vy.)
Nashua Street Ry. (Bost. & N.)*t- • • •
Nashville Ry. & Light Co.f
Nassau County Ry
Nassau Electric RR. (B. R. T.)*f
Natick & Cochituate Street Ry.*t- - - .
Natick & Needham Street Ry. (So.
M.)
Nebraska City Street Ry
Nebraska, Street Railways in
Negaunee & Ishpeming St. Ry. & El.
Co.*f
Nelson Electric Tram. Co . (Ltd.)
Nevada County Traction Co. f
Neversink Mountain RR. (U. Tr.)f. . .
New Albany Street RR 929,
Newark & Granviiie Street Ry
Newark & Hackensack Traction Co . .
Newark & Marion Ry
Newark Passenger Ry. (Pub. Serv.
Corp.)t :
Newark Plank Road Co. (P. S. Cor.). .
New Bedford & Onset Street Ry
New Castle & Delaware City Ry.
(Wil. & N. C. El.) !
New Hampshire, Street Railways in. .
New Hampshire Trac. Co
New Jersey & Hudson River Ry. &
Ferry Co
New Jersey & Pennsylvania Traction
Co.f -
Now Jersey, Street Railways in
New Jersey Traction Co. (Pub. Serv.
Corp.)
New London Street Ry.*t
New Mexico, Street Railways in
New Orleans Rys.f
New Paltz <fe Poughkeepsie Traction
Co.f
1107
952
1113
1038
1010
960
965
987
987
977
1133
886
1104
1586
1062
995
1038
999
1000
960
902
988
1274
995
996
991
999
899
1002
939
1038
&T" (*) See, also. Statement of Dividends Paid. 1896-1903, paces 1446 to 1453, Inclusive,
and (t) Table of Annual Meetings, Transfer Agencies, etc., pages 1487-1499. Inclusive,
.. i:\rit.\i.
X — sTiu:r.T i:.\n.w.\\ s.
Mre*t Railway*.
PAGE
Newport A Fall llivrr St. Hy. (Old
Col.)t '•"''•'<
Newport N.-ws A: < H<i Point Hy. &
Elec. Co. (Norf . Port- A N X.)t-- H19
Ne\\toii A Morton Street Hy.f 961
N, \\ton Str.-ct Ky.*t 961
Neuton A Wnt.-rt St.lly. (N. & H.)*t 961
Newtoun Fleet ri.- Street Ity 1081
Ne\\town. Lnnghorne & Bristol Trol-
ley St. Kv . N Klee.St.) 1081
N,.u York A- Coney Island RR. (B.
i; T.I ion
New York & Harlem RR.(City Line)t 1031
N.-w York & Long Island Tr.Co.flOSS, 1586
New York A North Shore Ry 1038
New Y'ork & Queens County Ry.f. . . - 1039
New York A- Stamford Ry.f 1039
NewYork. State of. Street Railways in 1002
Niagara Gorge RR.f 1039
Niagara, St. Catharine's & Toronto
The)t 1133
Ninth Avenue RR. (Met. St.)*f 1031
Norfolk & Atlantic Term. Co. (N.,P.
&N.N.) 1120
Norfolk & Bristol Street Ry 961
Norfolk, Portsm. & Newport News Co. 1119
Norfolk Ry. & Light Co. (N.,P. & N.
N.it 1120
Norfolk Western St. Ry.t 961
Norristown Pass. Ry. (Sch. Vy. Tr.)f. 1099
Northampton & Amherst St. Ry.f . . 962
Northampton Street Ry.*t 962
Northampton Trac.Co. (Easton, Pa.). 1081
North Carolina, Street Railways in. . . 1051
North Chicago City Ry. (Chic. Un.
Tr.)*f 917
North Chicago Street RR. (Chic. Un.
Tr.)*t 916
North Fnd Street Ry. (Wore. Cons.
St.)*f 969
North Jersey Street Ry. (Pub. Serv.
Corp.)f 999
Northern Electric Ry 923
Northern 111. Light & Tr. Co 1587
Northern Ohio Trac. & Light Co. *f. .. 1062
Northern Pass. Ry. (Phila. R. T.). . . . 1087
Northern Texas Traction Co.* 1115
North Kankakee Electric Light & Ry. 923
Northport Traction Co.f 1040
North Side Consolidated Street Ry. . . 1114
North Side Street Ry 978
North Side Trac. Co. (Pitts. Rys.) 1094
street Hallways.
PAGE
Northwestern Elevated RR.f 923
N ort on & Taunton Street Ry. t 962
Norway & Paris Street Ry 942
Norwich Street Ry.*f 899
Norwood, Canton & Sharon St. Ry.f- 962
Oakland Transit 'Consolidated t 887
Oakwood Street Ry.*t 1062
Ocean City Electric RR 996
Ocean Electric Ry.f 1040
Ogden Rapid Transit Co 1117
Ogdensburg Street Ry.f 1040
Ohio Central Traction Co.f 1062
Ohio River Electric Ry. & Power
Co.f 1063
Ohio, Street Railways in 1052
Oil City Station Ry. (O. C. St. Ry.). . . 1082
Oil City Street Ry 1082
Oklahoma, Street Railways in 1068
Old Colony Street Ry.*t 962
Old Dominion Ry. (Norf., P. & N. N.
Co.) 1121
Olean, Rock City & Bradford RR.f. . . 1040
Olean Street Ry.f 1040
Omaha & Council Bluffs Ry. &
Bridge Co. (O. & C. B. St.) 988
Omaha & Council Bluffs St. Ry . f 987
Omaha, Coun. Bluffs & Sub. Ry. (O.
&C. B. St.) 988
Oneida Ry.f ' 1041
Oneonta, Cooperstown & Richfield
Springs Ry 1041
Ontario & San Antonio Heights Ry. .. 887
Ontario Light & Traction Co 1041
Opelika & Auburn Electric Ry 882
Orange & Passaic Vy. Ry. (Pub. Ser.) 1000
Orangeburg City Street Ry 1112
Orange County Traction Co.f 1041
Orange Mountain Traction Co 996
Oregon, Street Railways in 1068
Oregon Water & Power Ry. (The)f. . . 1069
Oshawa Ry.f 1 133
Oswego Traction Co.f 1042
Ottawa Electric Ry.*t 1134
Ottawa Ry., Light & Power Co . . .923, 1587
Ottumwa Traction & Light Co.t 933
Owensboro City RR 938
Owosso & Corunna Electric Co. . 977
GENERAL INDEX STREET RAILWAYS.
81
Street Railways.
PAGE
P
Pacific Electric Ry 887
Paducah City Ry.f 938
Palatka & Heights Street Ry 907
Panhandle RR.f 1124
Paris Transit Co 1116
Parkersburg & Interurbar_ RR 1124
Paso Robles Street Ry 888
Passaic & Newark Elec. Trac. Co. (P.
S. Corp.) 1000
Patterson Heights Street Ry.f 1082
Paulsboro Traction Co 996
Pawcatuck Valley Street Ry.f 1587
Pawtucket Street Ry. (R. I. Sec.). ... 1110
Peekskill Lighting & RR.f 1042
Pelham Park RR.f 1042
Pennsylvania & Mahoning Vy. Ry.*t 1063
Pennsylvania & Ohio Ry.f 1063
Pennsylvania Motor Co. (Leh.Vy.Tr.) 1079
Pennsylvania St. Pass. Ry. (Pitts.
Rys.)f 1092
Pennsylvania, Street Railways in. . . 1069
PennYan, Keuka Park & Branchport
Ry.f 1043
Penobscot Central Ry \ 942
Pensacola Electric Terminal Ry 907
People's Gas & El. Co. (Defiance, O.) . 1063
People's Light & Ry. (Streator, 111.) . . 924
People's Pass. Ry. (Phila. Rap.Tr.)*f 1086
People's Ry., Dayton, O.f 1063
People's Ry. (Pottsville Un. Tr.) 1097
People's Ry., Wilmington, Del 900
People's Street Ry. (of Nanticoke &
Newport) 1082
People's St. Ry. & Improvement Co .. 883
People's Trac. Co. (Galesburg, 111.) ... 924
People's Trac. Co. (Phila. Rap. Tr.)*t 1086
Peoria & Prospect Heights Ry 924
Perth Amboy RR. (Raritan Trac.) . . . 1001
Petaluma Street RR 888
Philadelphia & Chester Ry 1082
Philadelphia & Darby Ry. (Ph. Rap.
Tr.)*f " 1088
Philadelphia & Easton Ry 1082
Phila. & Gray's Fy. Pass. Ry. (P. R.
T.)*f 1088
Phila. & Lehigh Vy. Trac. Co. (Leh.
Vy. Tr.)f 1079
Phila. & West Chester-Trac. Co 1083
Phila.. Bristol & Trenton Street Rv. .. 1083
Street Railways.
PAGE
Philadelphia, Cheltenham & Jcnkin-
town Passenger Ry.(Phila.Rap.Tr.) 1087
Phila. City Pass. Ry. (Ph. R. T.)*f . .. 1088
Philadelphia, Morton & Svvarthmore
Street Ry. (M. M. A. & C. El.) 1081
Philadelphia Rapid Transit Co . . 1083, 1587
Philadelphia Trac. Co.(Ph. Rap. Tr.)*f 1087
Phillipsburg Horse Car RR 996
Phillipston St. Ry. (Templeton St.) . . 966
Phoenix Gas & Electric Co.f 1090
Phoenix Ry 883
Pinehurst Ry.f . 1052
Pittsburgh & Birm. Pass. RR. (P.
Rys.) 1095
Pittsburgh & Birm. Trac. Co. (Pitts.
Rys.) 1095
Pittsburgh InclinePlane(Pitts.Rys.)t 1095
Pittsburgh, McKeesport & Connells-
ville Ry 1096
Pittsburgh, McKeesport & Greens-
burg Ry 1096
Pittsburgh, Oakland & East Liberty
Ry. (Pitts. Rys.) 1093
Pittsburg RR. (The) 935
Pittsburgh Rys.f 1090
Pittsburgh Traction Ry. (Pitts. Rys.) 1092
Pittsfield Electric Street Ry.*t 964
Pittston & Scranton St. Ry. (Scrant.
Ry.) 1101
Pittston, Moosic & Pleasant Valley
St. Ry. ( Wilk. & Wy. Vy. Trac.) ... 1107
Pittston Street Car Co. (W.&Wy. Vy.) 1 107
Pittsburgh Traction Co.*f . . '. 1043
Plymouth & Larksville Ry. (The). ... 1096
Plymouth & Sandwich Street Ry
Plymouth Bridge Co. (W. & Wy. Vy.
Tr.)
Plymouth St. Ry. (W. & Wy.Vy.Tr.)
Point Pleasant Traction Co.f
Port Carbon & Middleport Elec. Ry.
(P. U. Tr.)f 1097
Port Huron, St. Clair & MarineCityRy. 973
Port Jervis Electric Light, Power.Gas
& RR.f 1043, 1587
Portland & Brunswick Street Ry 943
Portland RR. (Maine) f 942
Portland Ry. (P. Trac. Co.)*f 1069
Portland (Ore.) Traction Co 1069
Portsmouth & Exeter St. Ry. (E. H.
& A. St.) 990
964
1107
1107
996
*^ (*) See, also. Statement of Dividends Paid, 1896-1003. pages 1440 to 1453, inclusive,
(t) Table of Annual Meetings, Transfer Agencies, etc., pages 1487-1499, inclusive.
'.I:\I:KAI. I.M.KX — STIJKKT KAILWAYS.
Street Railway*.
PAGE
Portsmouth Kl.-ctric Hy 991
Portsmouth. Kittcry A: York St. Ry.f 943
Portsmouth Str.-rt UK & Light Co. .. 1064
P..tt -town Passenger Hy.f 1096
Pottsville iV It«-:uliiig Ry. (P. I'n.
Tr.)t 1097
Pottsville Tnion Traction Co.f 1096
Poughkeepsie City «fc Wappinger's
Fall-* Kl.-ctric Hy.t 1043
Pr.-M.lio A: Fi-rrics HR.f 888
Price Hill Inclined Plane Ry 1064
Prospect Pk. & Coney Isl. RR. (B. R.
T.) 1010
Prospect Pk. & So. Brooklyn RR. (B.
H. T.) 1011
Providence & Danielson Ry.f 1019
Providence & Fall River Street Ry . . . 964
Providence Cable Tramway (R. I.
Sec.) ' 1110
Public Service Corporation of N. J . . . 997
Public Works Company f 943
Pueblo & Suburban Trac. <k Lighting
Co.f 893
Puget Sound Electric Ry 1587
Punxsutawney Passenger Ry 1097
Quakertown Trac. Ry. (L. Vy. Tr.) . . 1079
Quincy Horse Ry. & Carrying Co.f • • • 924
Radford Water Power Co 1 121
Railway & Elec. Co. of Sedalia (The) . 982
Railways Company General 1222
Raleigh Electric Co 1052
Rapid City Street Ry 1112
Rapid RR. (Det. Unit.) 973
Rapid Ry. (The) (Det. Unit.) 973
Rapid Transit Co. of Chattanooga 1114
Rapid Transit Ry., Dallas 1116
Rapid Transit St. Ry. of the City of
Newark (Pub. Scrv. Corp.)*f 1000
Raritan Traction Co 100 1
Reading & Southwestern St. Ry. (U.
Tr. Co.)f 1104
Reading & Temple Elec. Ry. (U. Tr.
Co.)*f ." 1104
Reading & Womelsdorf Elec. Ry. (U.
Tr. Co.) jios
Street Railways.
PA
Reading City Pass. Ry. (Unit. Trac.). IK
Reading Traction Co. (Unit. Tr.)*f . . 1104
Reading, Wakefield & Lynnfield St.
Ry 964
Red Cloud Street Ry 98S
Red Lion & Windsor Street Ry 1097
Red Oak Street Ry 933
Rhinebedk & Rhinecliff St. Surface
RR 1044
Rhode Island Co. (The) (R. I. Sec.). .. 1110
Rhode Island Securities Co 1 109
Rhode Island, Street Railways in .... 1 109
Rhode Island Suburban Ry. (R. I.
Sec.) 1110
Richmond Light & RR. Co.f 1044
Richmond Street & Interurban Ry.f. 930
Ridge Ave. Conn. Pass.Ry. (P.R.T.)* 1089
Ridge A-ve. Pass. Ry. (P. R. T.)*t- • • • 1089
Ringing Rocks Electric Ry 1098
Riverside & Arlington Street Ry 888
Rivervicw Electric Street Ry 1098
Roanoke Ry. & Elec. Co 1121
Rochester & Sodus Bay Ry.(R.Ry.)*f 1045
Rochester & Suburban Ry.f 1045
Rochester, Charlotte & Manitou RR. 1045
Rochester Electric Ry. (R. Ry.)*f . . . 1045
Rochester Ry.*f 1044, 1588
Rockford & Interurban Ry.*t 924
Rockford, Beloit & Janesville RR 925
Rockland, Thomaston & Camden St.
Ry t 944
Rome City Street Ry.f 1046, 1588
Roxborough, Chestnut Hill & Norris-
town Ry. (Sch. Vy. Tr.)f 1100
Rutland St. Ry. (Chitt. Dev. Co.)*f. . 1118
S
Sacramento Electric Gas & Ry.*t- • • • 888
Saginaw Suburban Ry 977
Saginaw Valley Traction Co.f 977
St. Albans Street Ry.f 1118
St. Clair Incline Planef 1098
St. Francois County Electric RR 982
St. John Ry. (The)f 1134
St. Joseph Ry., Lt.,IJeat & Power Co. 983
St. Louis & Belleville El. Ry. (E.
St. L. &S.) 919
St. Louis & E. St. Louis Elec. Ry. (E.
St. L. &S.)f ' 919
GENERAL INDEX STKEKT KAILWAYS.
Street Hallways.
St. Louis & Kirkwood RR.(St.L.& S.)
St. Louis & Meramec River RR. (St.
L. &S.)
St. Louis & Suburban Ry.f
St. Louis, St. Charles & Western RR.
St. Louis Transit Co.f
St. Thomas Street RR
Salem Electric Ry. Co
Salem Light, Power & Traction Co.f.
Salt Lake & Utah Valley RR
San Bernardino Valley Traction Co.
(The)f
San Diego Electric Ry
Sandwich, Windsor & Amherstburg
Ry-t
San ford & Cape Porpoise Ry
San Jose RR
San Joso & Santa Clara Ry : . . .
San Joss Los Gatos Interurban Ry.
Co
Santa Barbara Consolidated Ry
Santa Cruz, Capitola & Watsonville
Ry
Santa Cruz Electric Ry
Santa Rosa Street Rys.f
Sarnia Street Ry.f
Savannah Electric Co.*t
Schenectady Ry.f
Schuylkill Electric Ry. (P. U. Trac.)t
Schuylkill Haven & Orwigsburg St.
Ry. (P. U.Trac.)f
Schuylkill Traction Co.f
Schuylkill Valley Traction Co.f
Scranton & Carbondale Trac. (Scran-
ton Ry.)f
Scranton & Pittston Trac. Co. (Scran-
ton Ry.)f
Scranton Ry.f
Sea Beach Ry. (B'klyn Rap. Tr.)
Seabrook & Hampton Beach St. Ry.
(E., H. &A.)
Sea Cliff Inclined Cable Ry
Seashore Electric Ry. (Atl. C. El.) . .
Seattle & Renton Ry
Seattle Electric Co. (The)*f
Seattle-Tacoma Interurban Ry
Sea View RR
Second Avenue RR. (Met. St.)*t
Second & Third Streets Ry. (P. R. T.)
Selma Street & Suburban Ry
PAGE
983
889
889
899
890
890
1135
909
1046
1097
1097
1098
1099
1101
1101
1100
1010
990
1046
992
1122
1122
1122
1110
1032
1085
883
Street Railways.
Seventeenth & Nineteenth Sts. Pass.
Ry. (Phila. Rap. Tr.)*f
Shamokin & Edgewood Electric Ry . .
Shamokin & Mt. Carmel Elec. Ry.f- •
Sharon & New Castle Rys. (Y.-S. Ry.
&L.)f
Sheboygan Light, Power & Ry.f
Shelburne Falls & Colrain Street Ry.f
Sherbrooke Street Ry
Shreveport Traction Co
Sioux City Traction Co. f
Sixth Avenue RR. (Met. St.)t
Skowhegan & Norridgewock Ry. &
Power Co.f
Slate Belt Elec. Ry. (L. Vy. Tr.)
Somerset Traction Co
Somerville Horse RR. (Bost. Elev.)*f
Southb ridge & Sturb ridge St. Ry.*f. .
South Carolina, Street Railways in ...
South Chicago City Ry.f
South Dakota, Street Railways in. ...
Southern Boulevard RR. (Met. St.)f.
Southern Light & Trac. Co. (San An-
tonio)
Southern Light & Trac. Co. (Natchez,
Miss.)
Southfield Beach RR.f
South Grand Rapids Street Ry
South Jersey Gas, Elec. & Trac. Co.
(P. S. Cor.)*f
South Manchester Light, Power &
Tramway Co. (Hart. M. & Rock.) . .
South Middlesex Street Ry
South Orange & Maple wood Trac. Co.
South Side Elevated RR.*f
South Side Pass. Ry. (Pitts. Rys.) . . ..
South Side Pass. Ry. (Williamsport,
Pa.)
Southwest Chicago Rap. Tran. Co.
(Chic. Cy.)
Southwestern Street Ry
Southwest Missouri Electric Ry.f
Spartanburg Ry., Gas & Electric Co. .
Spokane Traction Co
Springfield & Eastern Street Ry
Springfield & WesternRy.(D.S.&U.)t
Springfield & Xenia Traction Co
Springfield Consolidated Ry.f
Springfield Elec. Ry.f
Springfield Electric Ry. of N. H
1089
1101
1101
1067
1128
965
1135
940
933
1032
944
1079
945
950
965
1111
925
1112
1035
1116
980
1046
077
1001
897
965
1001
925
1095
1102
913
1102
986
1112
1123
966
1060
1064
925
1118
1118
t^~ (*) See, also. Statements of Dividends Paid, 1896-1903. pages 1446 to 1453. Inclusive;
»nd (T) Table of Annual Meetings, Transfer Agencies, etc., pages 1487-1499, Inclusive,.
84
<;I.M:KAI. INKKX — STKKI.T KAII.WAYS.
Street Railway*.
PAGE
SprinpfieM Ky.t 1064
Springfield Ry. & Light Co 1588
Sprinjrli. Id Street Ky.*t 965
Springfield Traction Co.f 986
Stamford Street RR.f : . . 899
Stark Klectric RR.f 1064
State KiectricCo 933
Statcn Island Midland RR.f 1047
Steulienville, Mingo & Ohio Vy. Trac.
Co. (Wheeling Trac.) 1125
Steubenvillc Traction & Light Co . . . . 1064
Storkum Kleetric RR 890
StroudsSurgPass. Ry.f 1102
Suburban H.-ipid Tran. St. Ry. (Pitts.
i: - >*f 1093
Suburban RR. (The)f 925
Suffield Street Ry 899
Sunbury & Northumberland Elec. Ry. 1102
Susquehanna Traction Co 1102
Syracuse & Suburban RR.f 1047
Syracuse, Lakeside & Baldwinsville
Ry.f 1047
Syracuse Rapid Transit Ry.*t 1047
Tacoma Ry. & Power Co. f 1123
Tama & Toledo Elec. Ry. & Lt. Co.*f 934
Tamaqua & Lansford Street Ry.*t- . . 1103
Tamaqua & Pottsville Elec. RR. (P.
U. Tr.)f 1097
Tampa Electric Co.*f 907
Tarentum Traction Pass. Ry . f 1103
Tarry town, White Plains & Mamaron-
eck Ry. (Union Ry.)f 1035
Templeton Street Ry 966
Tennessee, Street Railways in 1112
Terre Haute Electric Co.f 930
Texarkana Light & Traction Co 884
Texas, Street Railways in 1114
Third Avenue RR. (Met. St.)*f 1032
Thirteenth & Fifteenth Sts. Pass. Ry.
(Phila. Rap. Tran. )*t 1089
Thirty-fourth Street Crosstown Ry.
(Met. St.)f 1037
Tiffin, Fostoria & Eastern Electric
Ry 1065
Titusville Electric Traction Co 1 103
Toledo & Indiana Ry 1065
Toledo & Monroe Ry 1065
Toledo & Western Ry.f 1065
Street Railways.
PAOF.
Toledo, Bowling Green & Southern
Trae. Co.*f 1065
Toledo, Fostoria & Findlay Ry 1066
Toledo Rys. & Light Co.f 106G
Topeka Ry.f 935
Toronto & Mimico Ry. & Light Co.
(T. Ry.) 1136
Toronto & Scarboro Electric Ry.,
Light & Power Co. (Toronto Ry.). . 1136
Toronto Ry.*f 1 135
Toronto Suburban Ry 1 136
Torrington & Winchester Street Ry . . 899
Town of Port Arthur El. Ry. & Lt.Co. 1 136
Trans-St. Mary's Traction Co 977
Trenton & New Brunswick RR.f 1001
Trenton Street Ry.f 1002
Tri-City Ry 934
Troy & Cohoes RR. (Unit. Trac.)*f . . 1049
Troy & Lansingburgh RR.(U.Trac.)f 1049
Troy & New England Ry-t 1048
Troy Hill Inclined Plane & Bridget- - H03
Tucson Street Ry 883
Tuscaloosa Belt Ry.| 883
Tuscarawas Traction Co 1066
Tustin St. Ry. (Pitts. Rys.) 1094
Twenty-eighth & Twenty-ninth Sts.
Crosstown RR. (Met. St.)f 1037
Twenty-second St. & Allegheny Ave.
Pass. Ry. (Phila. Rap. Tran.)*f. . .. 1089
Twenty-third Street Ry. (Met. St.)*t 1032
Twin City General Electric Co 978
Twin City Rapid Transit Co.*t 979
Tyrone Electric Ry.f 1103
Union Consol. Elev.Ry. (M.W.S.E1.) . 922
Union Electric Co., Dubuque, la. . . . 934
Union Elevated RR. (No'w'n Elev.). 923
Union Pass. Ry. (Phila. Rap.Tran.)*f 1089
Union RR. (R. I. Sec. Co.) 1110
Union Ry. of Chester, Pa. ( W. &C.Tr.). 901
Union Ry. Co. of New York (Third
Ave.)t 1034
Union Street Ry. (New Bedford)*f. ' 966
Union Street Ry., Santa Rosa 890
Union Street Ry. & Transfer Co 935
Union Trac. Co. of Lnd.*t 930, 1588
Union Trac. Co. (Phila. Rap. Tran.)f. 1084
United Electric Co. (Dennison. O.). . . 1066
United Power Co . , . 1066
GENERAL INDEX STREET RAILWAYS.
85
Street Railways.
PAGE
United RRs. of San Fran.(U.Rys. In.
Co.)*t 890
United Railways & Electric Co. of
Baltimore*! 946
United Rys. Invest. Co. of San Fran-
cisco.*f 890
United Rys. Co. of St. Louis (St. L.
Trans.)*f 985
United Trac. Co. (Albany)*! • • • - 1048, 1588
United Trac. Co. of Pittsburgh (P.
Rys.)*f 1093
United Traction Co. , Reading, Pa. f . . 1 103
Urbana & Champaign Ry., Gas &
Elec. Co.f 926
Urbana, Bellefontaine & Northern Ry.
(D.,S. &U.) 1060
Urbana, Mechanicsburg & Columbus
Elec. Ry 1067
Utah, Street Railway sin 1116
Utica & Mohawk Valley Ry.f-. . . 1049, 1589
Uxbridge & Blackstone Street Ry 966
Valdosta Street Ry 910
Vallamont Traction Ry. 1105
Van Brunt St. & Erie Basin RR.*f . . . 1050
Vermont, Street Rail ways in 1117
Vicksburg Ry. & Light Co 981
Victory Park Ry 1067
Vincennes Citizens' Street Ry.f 931
Virginia Passenger & Power Co 1121
Virginia, Street Railways in 1118
W
Wabash River Traction Co 931
Walnut St. Conn. Ry. (Phil. R. T.)*t- 1090
Waltham Street Ry 967
Warren, Brookfield & Spencer St. Ry. 967
Warren Street Ry 1105
Washington & Cannonsburg Ry.f- • • • 1105
Washington & Glen Echo RR 906
Washington & Rockville RR 906
Washington, Alexandria & Mt. Ver-
non Ry 902
Washington, Arlington & Falls Church
Ry.f 903
Street Railways.
PAGE
Washington, Bait. & Annapolis Elec.
Ry 903,1589
Washington, Berwyn & Laurel Elec.
RR. (W., B. &A. El.) 903
Washington Ry. & Electric Co.f 903
Washington, State of, Street Railways
in 1122
Washington St. Ry 931
Washington Water Power Co. *t 1123
Washington, Woodside & Forest Glen
Ry. & Power Co. (W. Ry. & El.) ... 905
Waterford &Cohoes RR.(Unit.Tr.)*f 1049
Waterloo & Cedar Falls Rap.Tran.Co. 934
Waterville&Fairfield Ry.&Light Co.f 945
Waupaca Electric Light & Ry.f 1128
Waverly, Sayre & Athens Trac. Co.f. 1105
Waxahachie Street Ry 1116
Webster & Dudley St. Ry. (W. & C.
*E. Ry.) 968
Wellesley & Boston Street Ry . *f 967
Wellston & Jackson Belt Ry.f 1067
Westborough & Hopkinton St. Ry.f- 967
Westchester Elec. RR. (Union Ry.)f. 1035
West Chester St. Ry 1105
Westchester Traction Co.f 1050
West Chicago St. RR. Tunnel (C. U.
T.) 918
West Chicago St. RR. (Chic.U.T.)*f. 917
West End & Long Branch Ry. (A. C.
El.) 992
West End St. Ry. (Bost, Elev.)*f. ... 949
Western Ohio Ry. (The) 1067
Westhampton Park Ry 1122
West Jersey Trac. Co. (Cam. & Sub.) . 993
West Liberty St. Ry. (Pitts. Ry.s.) . . . 1095
West Phila. Pass. Ry. (Phila. R.T.)*f 1090
West Pittston & Wyoming St. Ry.
(W. &W. Vy.) 1107
West Shore Ry. (F., H. & W.)*t 896
West Side RR. of Elmira (E. W. L. &
RR.)t 1016
West Virginia, Street Railways in. ... 1 124
WestWaterSt.RR.(Elm.W.,L.&RR.) 1016
Whatcom County Ry. & Light Co. ... 1124
Wheeling & Elm Grove Ry . *f 1 1 24
Wheeling & Wellsburg Ry 1 125
Wheeling Traction Co.f H25
Wichita RR. & Light Co.f 935
Wilkesbarre & East Side RR 1 107
Wilkesbarre & Hazleton R 11. t 1 1 06
^~ (*) See, also. Statement of Dividends Paid, 1896-1903, pages 1446 to 1453, Inclusive;
and (T) Table of Annual Meetings, Transfer Agencies, etc., pages 1487-1499, Inclusive.
<.I.M:KAI. INDEX— STREET
•» I reel
!• Vi, I
Wilkesbarre & Hazleton Ry.f 1107
Wilkcsbarrc & Kingston Pass. Ry
(\\.& \\.\y] 1107
WilkcslKim- & Suburban St. Ry. (W.
,v \V \ -y ) 1108
Wilkesbarre & West Side Ry.(W.&W
Vy.) 1108
Wilkt-sbarre & Wyoming Vy. Trac.
Co.f 1107
Wilkesbarre, Dallas & Harvey's Lake
Ry ' 1108
Williamsport Pass. Ry.f 1108
Wilmington & Chester Traction Co. . . 900
Wilmington & New Castle Elec.Ry.*f 901
Wilmington City Ry 901
Winchester Ave. RR. (F., H. & W.)*. 896
Winnebago Traction Co.f 1128
Winnipeg Elec. St. Ry.* 1136
Winnisimmet RR. (Bost. & Nor.)*t . . .-952
Winona Ry. & Light Co 980
Wisconsin, Street Railways in 1 125
Wisconsin Trac., Light, Heat & Pow-
er Co 1128
Wissahickon El. Pass. Ry. (Sch. Vy.
Trac.) 1100
Woodstock, Thames Valley & Inger-
soll Electric Ry-t 1136
Woonsocket Street Ry 1111
Worcester & Blackstone Vy. St. Ry . . 967
Worcester & Conn. Eastern Ry.f 967
Street Railways.
PAGE
Worcester & Holden St. Ry 968
\\orrester & Shrewsbury RR. (W.
Cons. St.) 969
Worcester & Shrewsbury St. Ry. (\\
Cons. St.) 969
Worcester & Southbridge St. Ry. . 970, 1589
Worcester & Webster St. Ry. (W. &
Ct. E.) 968
Worcester Consol. St. Ry. (Wor. Rys.
&Inv.)f 969
Worcester Rys. & Investment Co. *f. . 968
\Vorcester, Rochdale & Charlton
Depot St. Ry. (Wor. & S. St.) 970
Woronoco Street Ry 970
Yardley, Morrisville & Trenton St.
Ry.. 1108
Yarmouth Street Ry. (Ltd.) 1137
Yonkers RR. (The) (Union Ry.)t- - . . 1036
York County Traction Co.f 1108
York St. Ry. (Yk. Co. Tr.)*f 1109
Youngstown-Sharon Ry.& Light Co.f 1067
Zanesville Ry . , Light & Power Co. f . . 1068
GENERAL INDEX — MISCELLANEOUS CORPORATIONS.
S7
(IK\KI\AL 1XDKX, Continued. -^-PAWS 3: DEPARTMENT OF MISCELLANE-
OUS CORPORATIONS.
Miscellaneous Corporations.
PAGE
Alabama, New Orleans, Texas & Pa-
cific June. Rail ways Co., The (Ltd.) f 288
Alaska Southern Wharf Co. (P.C.Co.) 1212
Allis-Chalmers Co 1263
Albemarlo & Chesapeake Canal Co.*f 1138
Amalgamated Copper Co. *f 1138
A merican Agricultural Chemical Co. *f 1 1 38
American Alkali Co 1139
American Beet Sugar Co. *f 1139
American Bicycle Co. f 1140
American Bridge Co. [U. S. Steel]
(See advt., p. 17, back) 1250
American Car & Foundry Co. *f 1141
American Cotton Oil Co.*t 1142
American CycleMfg. Co. (Am.Bic.Co.) 1141
American District Telegraph Co.*t- • 1 143
American Grass Twine Co 1143
American Hide & Leather Co. f 1144
American Ice Co.* 1145
American Iron & Steel Mfg. Co. * f .... 1 145
American Light & Traction Co.*f .... 1145
American Linseed Co.*f 1146
AmericanLocomotiveCo.*t(»Seeadttf.,
p. U,back) 1147
American Malting Co. f 1148
American Pneumatic Serv. Co. *f. 1149, 1590
American Railways Co. (The)*f .1149, 1590
American Sheet Steel Co. [ U.S.Steel] . 1250
American Shipbuilding Co. *f 1150
American Smelt. & Refin. Co. *f 1151
American Snuff Co.*f 1151
American Spirits Mfg.Co. (Dist.Sec.)f H82
American Steel Foundries 1264
American Steel Hoop Co. [U.S.Steel]f 1249
American Steel & Wire Co. of N. J.
[U. S. Steel]*f 1250
American Straw Board Co.*f 1152
American Sugar Refining Co.*f 1152
American Teleg. & Cable Co. (Wn.
Un.)*f 1262
American Telep. & Teleg. Co.*f. 1152, 1590
American Thread Co. (The)*f 1155
American Tin Plate Co. [U. S. Steel] 1250
American Tobacco Co. (The) (Cons.
T.)*f 1176
Miscellaneous Corporations.
PAGE
American Type Founders' Co.*f 1 155
American Woolen Co.*f 1 156
Anaconda Copper Mining Co 1 1 57
Butte, Anaconda & Pacific Ry. . . 1 1 58
Associated Merchants Co. (The) *f ... 1 1 58
Barney & Smith Car Co. (The)*f (See
advt., p. 3, back) 1159
Bethlehem Steel Co. (U. S. Shipb.)f. . 1280
Boston Suburban Electric Cos 1265
Boston & Worcester Electric Cos 1266
Brooklyn Ferry Co. of New York. ... 1 159
Brooklyn Union Gas Co.*f 1160
Brunswick Dock & City Impt. Co.f . . 1160
Buffalo & Susquehanna Iron Co.
(Afap)f 1160
Buffalo Gas Co .. . 1266
Calumet & Hecla Mining Co.*f
Cambria Steel Co.*t
Cambria Terminal RR
Canton Co. *f...
Carnegie Steel Co. [U. S. Steel] (See
advt. . p. 1, front)
Central & So. American Teleg. Co.*f.
Central Car Trust Co. (The)f
Central Coal & Coke Co.*f
Central Railway & Bridge Co
Chicago June. Rys. & Union Stock
Yds. Co. (The)*t
Cincinnati, Newport & Covington Lt.
&Trac. Co.*f
Claflin, H. B., Co. (The)
Cleveland Telephone Co. (W.T.& T.)f
Colonial Sugars Co.f
Colorado Fuel & Iron Co. (The)*f. • • •
Colorado & Wyoming Ry
Crystal River RR
Columbus&Hocking Coal&Iron Co.*f
Commercial Cable Co.*f
Consolidated Coal, Iron & Land Co. . .
Consolidated Gas Co. of Bait, City.*f.
Consolidated Gas Co. of New York*f •
Consolidated Tobacco Co
Consolidation Coal Co.*t
1162
1162
1162
1162
1249
1162
1163
1163
1164
1164
1166
1266
1155
1166
1167
1169
1169
1169
1170
1173
1171
1171
1175
1174
fW OSee, also, Statement of Dividends Paid, 1898-1903, on p«*es 1452 to 1459. Inclusive:
and (») Table of Annual Meetings and Transfer Agencies on pages 150O-I5O3, Inclusive.
^
IM-I.X Misri;!.i..\Ni:c>rs colU'ORATIONS.
M i-< i-ii i I
Corporation*
Continental C<i:il Co ................ 1207
( 'oiitinental Tol>aceoCo.(Cons.Tol>.)*t 1 1~<>
Coin Products ('o.*f ............... 1 177
Crucible Steel Co. of America*! ...... 1 1 7s
CumberlamlCoal Ass'n. (Pac. ('. Co.)- 1212
CumberlandTelephone&TelegraphCo. 1 590
Denver Gas & Electric Co.f ......... H79
Detroit City GasCo.*f ............. 1179
Diamond Match Co. *f .............. 1180
Diamond State Steel Co. (The)*f ____ 1180
I >i*t illers Securities Corp'tion*f .1 181, 1591
Eastern Milling & Export Co ........ 1267
Edison Elec. Illumg. Co. of Brooklyn
(X. V.) (K. Co. El. L. & P.)f ...... 1194
Edison Elec. Illumg. Co. of Brockton. 1268
Electric Co. of America*! ........... 1182
Electric Storage Battery Co ......... 1268
Electric Vehicle Co. (The)*f ......... 1184
Essex & Hudson Gas Co. (Pub. Serv.
Corp.) ........ . ................ 1000
Federal Steel Co. [U. S. Steel]f ...... 1249
Fort Street Union Depot Co. (The)*f. 1 184
Frick, H. C., Coke Co. [U. S. Steel] . . . 1252
Fuller, George A., Co ....... ........ 1184
Gas & Electric Co. of Bergen County f 1185
General Chemical Co. (The)*f ....... 1186
General Electric Co.*f (See advt.
facing p. 71 , Gen. Index) .......... 1 187
H. B. Claflin Co. (The) ............. 1266
Hackensack Water Co.*f .......... 1 188
Hannis Distil. Co. of Phila. & Bait.
(Dis. Securities) ................. 1182
Hudson County Gas Co. (Pub. Serv.
Corp.)... ...................... 1000
Illinois Car & Equipment Co. (The) . . 1 189
Illinois Steel Co [U. S. Steel] ........ 1249
International Motor Car Co. (Am. B.
Co.) ........................... 1141
International Paper Co. *f .......... 1189
International Silver Co. *f .......... 1190
International Steam Pump Co.*f. . . . 1190
Interstate Railways Co ............. 1269
Isle Royale Copper Co .............. 1270
Jefferson & Clearfield Coal & Iron Co.
(The)*f ............ . H29
Miscellaneous Corporations.
PAGE
KanawhaA: Hocking Coal A: Coke Co. f 1192
Kentucky Distill. A: Warch. Co.*|. ... 1182
Keystone Telephone Co 1270
Kings Co. Elec. Light & Pow. Co.*f. • 1 193
Lackawanna Steel Co 1270
Lake Sup. Con. Iron Mines [U.S.Steel] 1249
Lehigh & Wilkesbarre Coal Co. f. 1194, 1591
Lehigh Coal & Navigation Co. (The)*f 1 195
Linehan Ry. Transfer Co.*f 1 197
Lorain Steel Co. [U. S. Steel] 1249
LorillardCo.,P.(The)(Contin.Tob.)*t 1177
Louisville & Jefferson ville Bridge Co. f 1197
Marquette & Bessemer Dock & Nav.
Co 1272
Massachusetts Electric Cos.*f 1 198
Metropolitan Securities Co.f 1025
Mexican Telegraph Co.*f 1199
Michigan Teleph.Co.(W.T.& T.)tH55, 1591
Milwaukee Electric Ry. & Light Co. . . 1208
Milwaukee Gas Light Co.f 1 199
Minneapolis General Electric Co 1273
Minnesota Iron Co. [U. S. Steel] 1252
Montreal Lt.,Heat & Pow.Co.(The)*f 1200
National Biscuit Co.*f 1201
National Carbon Co.*f 1201
National Enameling & Stamping Co. . 1273
National Lead Co.*f 1202
National Salt Co.* 1202
National Steel Co. [U. S. Steel] 1249
National Tube Co. [U. S. Steel] (See
advt., p. 16, back) 1250
New Amsterdam Gas Co. (Consol.
Gas)f 1172
Newark Con. Gas Co. (The)*f 1203
New England Teleph. & Teleg. Co.*f 1203
New Hampshire Traction Co 1274
Newport News Shipbldg.& Dry Dock
Co.f 1204
New York & New Jersey Tel. Co.*f . . 1204
New York & Queens El. Lt. & Pow.
Co.f 1205
New York & Richmond Gas Co 1275
New York Dock Co.*f 1205, 1591
Xeu York Edison Co.(Cons. Gas. Co.) 1172
New York Mutual Gas Light Co.
(Con. Gas) v 1173
Niagara Falls Power Co. (The)f 1206
North American Co. (The)f 1207
<; I:\KUAL i.\i>i;\ — MISCKI, LA. \KOUS COHPOUATIONS.
S1.)
Miscellaneous Corporations.
PAGE
Noil hern Pacific Term. Co. of Ore.
(The)t 1208
Northern Securities Co. *f 1209
Northwestern Telep. Ex. Co. (Wn. T.
&T.)t 1155
Ohio <fc Ind. Cons. Natural & Illumg.
C,asCo.*f 1209
Ohio Hirer Bridge & Ferry Co. (The). 1210
Oliver Iron Mining Co. [U.S. Steel]. 1252
( >sceola Consolidated Mining Co 1275
Pacific Coast Co.*t 1210
Columbia & Puget Sound RR. . . 1212
Pacific Coast Ry 1212
Pacific Coast SS. Co. (P. Coast Co.)f- . 1212
Pacific Mail Steamship-Co. *f 1213
Paterson & Passaic Gas & Elec. Co.f. 1214
Pennsylvania Elec. Vehicle Co. (The) f 1214
Pennsylvania Telephone Co 1592
People's Gas Light & Coke Co. *f 1214
'hiladelphia Co. (The)*f 1215
'ittsburgh SS. Co. [U. S. Steel] 1258
Mcasant Vy.Coal Co. (Utah Fuel) .... 1593
'orahontas Coal Co. [N. &' W.]f 238
'ocahontas Coal & Coke Co. (N. &
W.)f 237
Postal Telegraph Co. of Texas 1276
Pressed Steel Car Co. *f (See advt.
in Classified Index, p. 1682) 1218
Procter & Gamble Co. (The)*f 1219
'ublic Service Corporation of N. J. . .. 997
'ullman Co. (The)*t 1219
iuebec Bridge Co. (Ltd.) 1220
Juiney RR. Bridge Co.f 1220
Railroad Securities Co. (The) 1220
Railways Company Generalf 1222, 1592
Railway Steel-Spring Co.* (See advt.
in Classified Index, p. 1711) 1221
Republic Iron & Steel Co.*f (See advt.
in Classified Index, p. 171 1) 1222
Richmond-Washington Co 238
Rochester & Pittsburgh Coal & Iron
Co.*f 1223
Rubber Goods Manufacturing Co.*f. . 1224
St. Joseph Stock Yards Co.*f 1224
Miscellaneous Corporations.
PAGE
St. Louis Term. Cupples Sta. & Prop.
Co.*f 1225
Sacramento Coal Co. (Pac. C. Co.). . .. 1212
Sault Ste. Marie Bridge Co.f 1225
Shelby Steel Tube Co.[U.S.Steel] (See
advt. in Classified Index, p. 1702) . .. 1250
Sloss-Sheffield Steel & Iron Co.f 1225
Southwestern Teleg. & Telep. Co.
(Wn.T.AT.)t 1155
South Yuba Water Co. of New Yorkf 1226
Standard Distill. & Distrib. Co. (Dist,
Securities Co.) *f 1 182
Standard Gas Light Co. (Cons. Gas) *f 1173
Standard Milling Co.*f 1226
Standard Oil Co. *f 1227
Standard Rope & Twine Co.f 1227
Street Ry.& Illuminating Propertiesf 1228
Sunday Creek Coal Co.*f 1229
Swift & Co.*f 1229
Syracuse Lighting Co 1276
Tamarack Mining Co 1277
Tennessee Coal, Iron & RR. Co.*f. . . . 1230
Texas & Pacific Coal Co.*f 1231
Texas Pacific Land Trust f 1231
Trenton Potteries Co. (The)*f 1232
Union Bag & Paper Co.*f 1232
Union Steel Co. [U. S. Steel] 1250
Union Supply Co. [U. S. Steel] 1252
United Elec. Lt. & Pow. Co. (The)*f. 1232
United Elec. Co. (Pub. Serv. Corp.) . . 1000
United Elec.Light & P.Co.of N.Y.*f. 1173
United Fruit Co.*f 1233
United Gas Improvement Co.(The)*f 1234
United Gas & Electric Co 1592
United Power & Trans. Co. (I. Rys.
Co.) 1269
United States Cast Iron Pipe & Foun-
dry Co.* 1234
United States Envelope Co.*f 1234
United States Leather Co. (The)*f . . . 1235
United States Realty & Construction
Co 1277
United States Mortgage & Trust Co.*t 1236
United States Reduction & Refining
Co.* 1237
United States Rubber Co.*t 1238
United States Shipbuilding Co 1279
; '• (*) See, also. Statement of Dividends Paid, 189(5-1903, on paces 1452 to 1459, Inclusive;
and (t) Table of Annual Meetings and Transfer Agencies on pages 15OO-1S03. inclusive.
(M:\KU.\L 1M>K.\ — M is. 'i :u..\ M :«u s CORPORATIONS.
M i«< i-ii. HH-. ni- Corporal Ions.
nite.l Slates St.-el Corporation *t . .
liemxoo.l A- Wheeling Conn Ry.
Bessemer A Lake Krie RR ......
Chic.,LakeShoreA- Kast Ky.12.Yl,
Dulnth A- Iron Range UK .......
Dul nth. Missal ic A .Northern RR.
Klgin, Joliet & Eastern Ry ......
Klluoo.l. Anderson A- l.apelleRR.
Etna & Montrose 1{ R ..........
Johnstown & Stony Creek KH. . .
Lake Terminal Rll ............
McKeesport Connecting Hit .....
McKeesport Terminal 11 R ......
Masontown & New Salem RR. . .
Meadville, Conneaut Lake &
Linesville RR ...............
Mount Pleasant & Latrobe RR . .
Newburg & South Shore Ry .....
Northern Liberties RR .........
Pittsburgh & Ohio Valley Ry. ...
Pittsburgh, Bessemer & Lake
ErieRR. . .
1253
1253
1570
1254
1255
1255
1256
1256
1256
1256
1256
1256
1256
1253
1256
1257
1257
1257
1253
Miscellaneous Corporations.
PAGE
Slaekwater Connecting RR 1257
South West Connecting Ry 1257
I'liion RR., Pittsburgh, Pa 1257
Wankegan & Mississippi Vy. Ry. 1257
Youghiogheny Northern Ry 1258
Utah Fuel Co . . . 1592
Virginia-Carolina Chemical Co.*f 1258
Virginia Co. [N. & W.]f. . . : 238
Virginia Iron, Coal & Coke Co.f 1259
Virginia & Southwestern Ry .... 1260
Vulcan Detinning Co. (The) 1281
Westchester Lighting Co. (U. G.
Impt.) 1234
Western Telep. & Teleg. Co. (A. T. &
T.)t H54
Western Union Telegraph Co.*f 1261, 1594
Westinghouse Elec. & Mfg. Co. *t .... 1262
Wisconsin Telep. Co. (Wn.T. & T.) . f 1155
GENERAL INDEX — STATE AND CITY DEBTS.
91
GENERAL INDEX, Continued. — PART 4: DEPARTMENT OF STATE AND
MUNICIPAL INDEBTEDNESS.
Mate and City Debts.
PAGE
Akron, O 1394
State and City Debts.
PAGE
California, State of 1 290
Cambridge, Mass 1327
State and City Debts.
PAGE
Dubuque, la. . . 1307
Alabama, State of .... 1287
Albany County, N. Y.. 1363
Albany, N. Y 1364
Duluth, Minn . . 1345
Camden, N. J 1356
East Orange N J 1356
Canton, O 1394
Alexandria, Va 1421
Cass County, Mo 1348
East Providence, R. 1 . 1410
East St. Louis, 111 1303
Allegheny County, Pa. 1403
Allegheny, Pa 1403
Central Falls, R. I .... 1410
Charleston, S. C 1413
Elizabeth, N. J 1356
Allen County, Ind 1304
Allentown, Pa 1404
Charlotte, N. C 1391
Elmira, N. Y. . . 1366
Chattanooga, Tenn ... 1415
Chelsea, Mass 1328
Erie County, N. Y . . . . 1363
Erie, Pa. . 1404
Altoona, Pa 1404
Amsterdam, N. Y 1364
Chester, Pa 1404
Essex County, N. J 1354
Evansville, Ind 1304
Arizona Territory 1289
Chicago, 111 1302
Arkansas, State of 1290
Arlington, Mass 1318
Chicago Sanitary Dis-
trict 1302
Everett, Mass 1329
Fall River Mass 1329
Aroostook County, Me. 1313
Ashevffle, N. C. .". 1391
Chicopee, Mass 1329
Cincinnati, O 1395
Findlay O 1398
Ashland, Wis 1426
Cleveland, 0 1396
Fif phhiiriy IVfaec 1 t^fl
Atchison, Kan 1309
Colbert County, Ala. . . 1287
Colorado Springs, Col . 1 292
Colorado, State of .... 1292
Columbia, S.C 1413
Florida State of 1298
Atlanta, Ga 1299
Fnrt Wavnp TnH 1^0^
Atlantic City, N. J. . . . 1355
Auburn, Me 1313
Fort Worth, Tex 1418
Fostoria O 1398
Auburn, N. Y 1365
Columbus, Ga 1300
Franklin County, O . . . 1392
Frederick Md 1316
Augusta, Ga 1300
Columbus, 0 1397
Austin, Tex 1417
Concord, N.H 1353
GalvestonCounty.Tex. 1417
Galveston Tex 1418
Baltimore Md 1315
Connecticut, State of. 1293
Cook County, 111 1301
Bangor Me 1313
Council Bluffs, la 1307
Georgia State of .. 1299
Bath Me 1313
Covington, Ky 1310
Gloucester Mass 1330
Bav City Mich 1341
Cranston, R. 1 1410
Grand Rapids, Mich. . . 1342
Great Falls Mont 1350
Bavonne N J 1356
Cumberland, Md 1315
Beatrice, Neb 1351
Cuyahoga County, O. . 1392
Dallas, Tex 1417
Gunnison County, Col. 1292
Hamilton County, O . . 1 393
Hamilton, 0 1398
Belfast, Me 1313
Beverly, Mass 1318
Bexar County , Tex ... 1417
Binghamton, N. Y 1365
Birmingham, Ala. . 1288
Danbury Conn 1294
Danville Va 1421
Harrisburg, Pa 1404
Davenport, la 1307
Hartford, Conn 1294
Boston, Mass 1318
Day ton, O... .. 1398
Haverhill, Mass 1331
Bridgeport, Conn. . . 1294
Delaware, State of. ... 1297
Denver, Col 1293
Hennepin Co., Minn. . . 1344
Henry County, Mo 1348
Hoboken, N. J 1356
Bristol County, Mass. . 1317
Brockton, Mass 1326
DesMoines la.. . 1307
Brookline Mass.. 1327
Detroit Mich 1342
Holyoke, Mass 1331
Buffalo, N. Y 1365
Burlington, la 1307
District of Columbia .. 1 297
Doniphan Co. , Kan ... 1 308
Douglas County, Kan. 1308
Douglas County, Neb . 1 350
Dover. N. H.. .1353
Houston, Tex 1418
Hudson County, N. J.. 1355
Idaho, State of 1301
Burlington, Vt . . . . 1420
Butler County O 1392
Butte Citv, Mont . . . 1350
Illinois, State of .. . 1301
<;I:M:K.\I. INHKX — STATI: AND CITY DEBTS.
-i .11.- and City Debts.
PAGE
I iuiiaiiai>oli> Iinl 1305
State and City Debts.
PAfiM
Maiden Mass. . . . 1334
State and City Debts.
p >>'.'.
Newton, Mass 1336
Indiana Si ate of 1303
Manchester, N. H 1353
New York. X Y. ...... 1368
New York. Stale of.. . I:;I,L'
Niagara Tall-. N. Y... 1387
Norfolk, Va 1422
Iowa State of 1306
Manchester, Va 1422
Jackson County, Mo. . 1348
Jacksonville, Flu 1298
Marion County, Ind. . . 1304
Marlborough, Mass. . . 1335
Maryland , State of . ... 1314
Massachusetts, State of 1316
M'CrackonCo., Ky. . . . 1310
Medford Mass 1335
North Adams, Mass. . . 1337
Northampton, Mass. .. 1337
NorthCarolina.Statcof 1390
North Dakota, State of 1391
Norwalk, Conn 1296
Jamestown, N. Y 1367
Johnstown Pa.. 1404
Jefferson County, Ala . 1287
Jefferson County, O. . 1394
Jersey City N. J. . . 1357
Melrose, Mass 1335
Memphis, Tenn 1415
Norwich, Conn 1296
Kansas City, Kan 1309
Kansas City Mo 1348
Meriden, Conn 1294
Norwood, 0 1399
Michigan, State of .... 1341
Middlesex Co., Mass. .. 1318
Middle-town, Conn .... 1295
Milwaukee, Wis 1427
Oakland, Cal 1291
Kansas State of 1308
Ogden, Utah 1419
Kearny %« J 1358
Ohio State of 1392
Kentucky, State of. . . 1310
Knox County, Tenn .. 1415
Knoxville, Tenn 1415
Minneapolis, Minn.. . . 1345
Minnesota, State of ... 1344
Mississippi, State of. .. 1347
Missouri, State of 1347
Oklahoma.Territory of 1401
Omaha, Neb 1351
Orange, N. J 1359
r»rorrr>n Staff, nf 1 4H 1
Mobile, Ala 1288 , Oshknsh Wis 1428
Lafayette County, Mo. 1348
Lancaster Co., Neb. . . 1350
Lancaster, Pa 1405
Mobile County , Ala ... 1 288
Monroe County, N. Y. 1363
Montana, State of 1349
Montclair N J. . 1358
()s\vc"o \ Y.. 1387
Otoe County, Neb .... 1351
.Passaic, X. J 1359
Lansing, Mich 1343
Montgomery, Ala . . 1289
Lawrence Co., So. Dak. 1414
Lawrence, Mass . . . . 1332
Passaic County, N. J. . 1 ;>•">.">
Paterson, N. J 1360
Montgomery Co., Ala.. 1288
Mount Vernon, X. Y . . 1367
Muhlenberg Co., Ky.. . 1310
Muskegon, Mich 1343
Leaven worth Co., K&n. 1308
Leaven worth, Kan. . . . 1309
Lee County la 1306
Pawtucket, R. I. .. . 1411
Pennsylvania, State of 1402
Peoria 111 1303
Leominster, Mass. . . . 1332
Muskingum County, O. 1394
TVooViuQ ivr H 1^*14
Perth Amboy, N. J. . .. 1360
Petersburg Va. . 1423
Lewiston, Me 1314
Lexington, Ky 1310
Philadelphia, Pa 1405
Lima, 0 1399
NncVi\'illp TWin 141f5
Pierce County, Wash. 1424
Piqua, O 1399
Lincoln County, Nev. . 1352
Lincoln, Neb 1351
Nebraska, State of 1350
*NTf»VfiHfl ^if at£» r\f 1 ^^9
Pitkin County, Col.... 1292
Pittsburgh, Pa 1408
Little Rock, Ark 1290
NpWflrk NT 1 *}T&
Los Angeles, Cal 1291
New Bedford, Mass . . . 1335
New Britain, Conn. . . . 1295
New Brunswick, N. J. 1359
Npwhiirtrh \F V 1 "ifiS
Pittsfield Mass 1337
Los Angeles Co., Cal . . 1290
Louisiana, State of 1312
Louisville, Ky 1311
Port Huron Mich 1343
Portland, Me 1314
Portland, Ore 1402
Lowell, Mass... . 1332
Newburyport, Mass. . . 1336
New Castle Co. , Del. . . 1 297
N. Hampshire, State of 1353
New Haven, Conn .... 1295
New Jersey , State of . . 1 'J "> 1
New London, Conn ... 1296
N. Mexico, Territory of 1H61
New Orleans, La 1312
Newport, Ky 1311
Portsmouth, N. H 1354
Portsmouth Va . 1423
Lucas County, O 1394
Lycoming County, Pa. 1403
Lynchburg, Va. . . . 1421
Poughkeepsie, X. Y. .. 1387
providence R I 1411
Lynn , Mass 1 333
Pueblo Col 1293
Macon, Ga. . . . 1300
Pueblo County, Col... 1:"'-'
Pulaski County, Ark.. 1290
guiii.-v 111 1303
Macoupin County, 111. 1302
Mahoning County, O. . 1394
Maine, State of. . . 1312
Newport. R. I. . . 1410
Quincv. Mass. . . 1338
GENERAL INDEX STATE AND CITY DEBTS.
State ana city ueois.
PAGE
Racine Wis .... 1428
PAGE
Shawnee County.Kan. 1308
Sioux City, la 1307
state ana i*ty ueots.
PAGE
Vanderburgh County,
Ind 1304
Rah way N J . 1360
Ramsey County, Minn. 1344
Reading Pa 1409
Somerville, Mass 1338
Vermont, State of 1420
Vicksburg, Miss 1347
SouthCarolina,Stateof 1412
South Dakota, Stateof 1413
Spokane Co., Wash . . . 1424
Spokane, Wash 1425
Rensselaer Co., N. Y . . 1363
Rhode Island, State of 1410
Richmond Va 1423
Virginia, State of. .. 1421
Waco, Tex 1419
Rninnkp Va 1424
Springfield 111 1303
Rochester N Y 1388
Springfield Mass 1339
Waltham, Mass 1340
Rock ford 111 1303
Springfield, 0 1400
Washington Co., Me . . 1313
Washington, State of. 1424
Waterbury, Conn 1296
Wayne County, Mich. 1341
WestVirginia.State of. 1426
Weymouth, Mass 1340
Rockland Me 1314
Staunton, Va 1424
Rutland, Vt 1420
Suffolk County, Mass. 1318
Superior, Wis 1428
Ctnorompnf-n Pal 1291
Syracuse, N. Y 1388
Sacramento Co., Cal . . 1291
Saginaw Mich. .. 1343
Tacoma, Wash 1425
Whatcom, Wash 1425
Whpplin<r W Va 1 42fi
St Joseph, Mo 1349
Tarrant County, Tex. .1417
Taunton, Mass 1339
Wichita, Kan 1309
St. Louis Co., Minn . . . 1344
St. Louis, Mo 1349
Willrp^harrp Pa 1409
Tennessee, State of . . . 1414
Terre Haute Ind 1306
Williamsport, Pa 1410
St. Paul, Minn 1346
Salem, Mass 1338
TV^troo Qf of/i f\( 14.1fi
Wilmington, Del 1J97
Wilmington, N. C 1391
Salt Lake City, Utah. . 1420
Salt Lake Co., Utah. . . 1419
San Antonio, Tex 1418
Tiffin, 0 1400
Toledo, 0 1400
Wisconsin, State of ... 1426
Woodbury County, la. 1306
Tr>r>pka K"nn 1 S09
Sandusky, 0 1400
Trpntnn N T 1360
San Francisco, Cal 1291
Santa FeCounty.N.M. 1362
Savannah, Ga 1300
Troy, N. Y 1389
Woonsocket, It. 1 1412
Tulare.Cal 1291
Wyoming, State of 1429
Yonkers, N. Y 1390
Ulster County, N. Y. . 1363
Union County, N. J . . . 1355
United Statesof Amer-
ica 1283
Schenectady, N. Y. . . . 1388
Schuylkill County, Pa. 1403
Scranton, Pa 1409
Seattle, Wash 1425
Zanesville, 0 1401
SedgwickCo.,Kan. ... 1308
Selma. Ala. . . 1289
Utah, State of. . . 1419
RAILROADS MERGED IN OTHER LINES.
The follow-in* statement .shows the names of companies which have ceased to exist since 1890, the lengths
of thnr complete"! lines, ami the names of existing corporations in which title to these roads has become
(For I i-i of i:...i.i- M. i L;. .1 . etc., previous tu 189O, -<•«• Manual for 10OI.)
1.— Steam Railroads.
NAME OK OLD COMPANT.
TERMINI OF COMPLETED ROAD
AT THE TIME or ITS ACQUIRE-
MENT.
LENGTH IN
MILKS.
NAME OF COMPANY
BY WHICH ACQUIKKD, OH
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED HY KX;BT-
ING COMPANY.
Abbeville A Waycross
Abbeville Southern
Aberdeen & West Fud
Abbeville to Fitzgerald. Ga
Abbeville Jc. to Abbeville, Ala
( Aberdeen to Star. N. C
22.25
26.07
33.25
7.50
41.00
56.97
77.57
174.93
32.79
133.88
6.00
35.00
29.50
1200
53.33
11.10
52.00
32.92
28.64
4.96
91.50
43.00
25.00
4.22
18.66
60.00
3.50
Georgia A Alabama
Savannah, Florida A Western.
Merged Aug. 15, 1896.
Merged Sept. 2. 1901.
See Manual for 1898.
| May 20. 1898.*
Absorb.) Nov. 5. 1902.
Purch. Dec. 17, 1900.
ConsoLJuly 1. 1901.
Purch. 1900-01.
Addison & Pennsylvania . . .
| Trov Junction to Troy, N. C
Addison, N. Y. to Gaines, Pa
Saratoga to North Creek NY
j Addison A Susquehanna
Delaware A Hudson Co_
Louisville A Nashville,
.- Savannah, Florida A Wt-st.
Louisville & Nashville
Alabama 4 Florida
Georgiana to Geneva, Ala
) BainbridRe,Ga.,to Montgomery.Ala.
Alabama Midland
Alahnmn Mineral
Alameda County Terminal. ..
Albany Florida A North'n.. .
Albemarle A Pantego
See Manual for 1901. page 417
Alameda County. Cal
Albany to Cordele. Ga
( Mackey's Ferry to B'lle Haven.N.C.
Albany A Florida
> Norfolk & Southern
Sept. 12, 1895.*
ConsoL June 1. 1891.
Consol. in 1893.
Purch. Feb. 15. 1902.
Nov. 15, 1898.*
Merged Jan. 1.1901.
ConsoL 1900-1901.
Consol. Mar. 26, 1890.
Consol. Mar. 26. 1890.
Name changed May 23,'OI.
Albcmarle A Raleigh
Alberene
Tarboro' to Plymouth, N. C
Warren to Alberene. Va.
Salisb'y to Honewell A Harvey, N. B. .
Wilmington A Weldon
Chesapeake A Ohio
Salisbury A Harvey
Chic., Burlington & Quincy. . .
Arkansas Southern
Washington Southern
Albert
Albia, Knoxv. A DPS Moines
Alexan. Jo. A Shreveport. ..
Alexandria A Fredericks!/ g.
Alexandria A Washington. ..
Algoma Central
Allegheny A Kinzua.
Alliance A Northern
Logging Road in Mich..
Alexandria to Quantico. Va
Alexandria to So. End Long Bdg., Va..
S. Ste Marie.Ont.to Spruce Lk.A brs..
See Manual for 1887 p 53 . ...
Algoma C. A H. Bay (The). . .
\bandonedin 1898
Alliance to Phalanx. 0
Alloway Junction to Quintan, N. J. . . .
No road built by this company
Logging road in Mich
Alpena toward Mack'c. Mich., A brs . .
L. E.. Alliance A Wheeling. . .
West Jersey & Seashore
Maxton, Alma A Rowland. . . .
Abandoned 1891-92
Detroit & Mnckinac
Purch. Jan. 25, 1901.
Consol. Mav 4, 1896.
Name ch'd'Mar. 9. 1889.
Purch.' April 18.' 1896.'
Purchased in 1898.
Purch. March, 1891.
Name changed in 1891.
Feb. 26. 1897 *
Merged Mav 20, 1899.
June 2, 1890.*
Alma A Little Rock
Alpena A Hubbard Lake. . . .
Alpena A Northern
Alton Terminal
Term, nnd other tracks in Alton, 111. . .
St. L., Alton A Springfield. . . .
Altoona, Clearfield & North . .
Altoona A Beach Creek.. ....
Chic., Burlington A Quincv. . .
Findlay, Ft. Wavne A West. ..
Abandoned 1895 96
Altoona A Wapsononock. .. .
Altoona. Clearf. A North'n. ..
American Central
Juniata to Wapsononock, Pa
8.00
13.00
50.83
23.30
21.00
4.80
2620
22.00
52.30
34.33
6.00
13.00
55.30
4.00
24.33
46.97
23.00
1000
15.91
22.75
65.90
68.00
25.00
4.00
6.15
24.00
Galva to New Boston. Ill
American Midland
Findlay to Glandorf, 0
\ Crowley's to Lewiston, Me
Merged 1895-96.
Jan. 25, 1894.
Consol. July, 1890.
Consol. July. 1890.
Reorg. in June, 1893.
Merged July, 1901.
*0ct. 12. 1902.
Merged June 21. 1901.
Purchased in 1900.
Annapolis A Balto. Slit. Line
i Brunswick to Leeds Junction, Me. . .
Clifford's to Baltimore Md . . .
Balto. A Annapolis Slit. Line.
Alabama Mineral
Alabama Mineral
Abandoned
Florida, Peninsular A Gulf —
j El Paso A Southwestern . . .
St. Louis, San Fran. A N.Orl's
St. Louis A San Francisco
Louisiana A Arkansas
Abandoned 1896 97
Anniston to Sylacaugn, Ala
Anniston to Atalla, Ala
Braidentown to Sarasosta, Fla
\ Benson to Bisbee, Ariz.
/ Nr.co Jc. to Naco. Ariz. . . . ',
Ashdown to Arkinda, Ark
See Manual for 1901, p 517
Cotton Valley to Sibley. La
Termini not reported. ...
Anniston A Cincinnati
Antwerp A Paulding
Arcadia. G'lf Coast A Lake'd
Arizona A Southeastern
Arkansas A Chnctnw
Arkansas A Oklahoma
Arkansas, I/a. A Southern. . .
Arkansas Western
Ar<x>stook Northern
Caribou to Limestone. Me
Star to Asheboro, N. C
* Biltmore,N.C.,to Spartanb'g Jc.S.C.
i Spartanburg to Alston, S. C
Custaloga to Ashland. 0
.( June. N. E. RR. to Bee's Ferry
Bangor A AroMtook
Aberdeen A Asheboro
| Southern Ry. Car. Div
Lake and River
J Savannah, Florida A West..
Purchased 1901-1902.
Consol. in 1899.
Consol. July 1, 1902.
Consol. 1902-1903.
Merged Sept. 2, 1901.
Consol. Feb. 9, 1890.
Asheboro A Montgomery. . . .
Ashrville A Spartanburg. ..
Ashland A Wooster.
Ashlev River
Ashuelot
South Vernon, Vt., to Keene, N. H. . .
Ashville A Coosa.
Aspen A Western
Carb'nd'letoThoms'nCr'k Mines. Col.
Crystal Ijike to Arkansas Jc., Col
13.00
0.60
Purch. Aug. 11, 1S92.
Consol. Dec. 1, 1893.
Colorado Midland
* Acquired by purchase at foreclosure or reorgani7ed after foreclosure ?ale on date given.
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
96
NAME OF OLD COMPANY.
TERMINI or COMPLETED ROA.D
AT THE TIME OF ITS ACQUIRE-
MENT.
LENGTH IN
MILLS.
NAME OF COMPANY
BY WHICH ACQUIRED. OB
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Astoria & Portland
Young's Bay to Clatsop Beach, Ore. . .
15.78
Seashore
May 17. 1893.
February. 1892.*
Consol.July7, 1899.
Acquired 1901-02.
Purch. June 21, 1895.
Astoria 4 South Coast
Atchison. Colo. & Pacific. . . .
Atch., Jewell Co. & West'n. .
Atch.. Top. & S. Fe in Chic. ..
Atlanta & Florida
Atlanta 4 Mt. Pleasant
\thnta Lumber Co.'s RR. . .
Young's Bav to Clatsop Beach, Ore. . .
See Manual for 18 M. p. 583
Jamestown to Burr Oak, Kan
Terminals in Chicago, III
15.78
254.7 >
33.40
643
102.30
9.70
15.00
5.30
112.05
576.40
30.00
16322
Astoria and Portland
j Central Branch Ry.
Atchison, Topeka & S. Fe. . . .
Southern
Atlanta to Fort Valley, Ga
In Cass County, Tex.
Name changed 1896-97.
Dec! 18, 1897.*
May 3, 1897.*
Purch. May 1, 1893.
See Southern Ry.
Purch. Aug., 1894.
Consol. May 1, 1900.
Consol. May 1, 1900
Consol. May 1, 1890.
Dec. 17, 1896.*
Purchased Oct. 16, 1902.
March 3, 1894.*
Purch. Jan 10, 1890.
Feb. 20, 1893 *
Jan. 5, 1891.
Name ch. June 22, 1852
Merged Sept. 3, 1901.
Purchased in 1902
Purch. March, 1900
Purch. April 16. 1894.
Merged June 1, 1901.
Sept. 1, 1894.*
Consol. Feb. 15, 1901.
June. 1894.*
Nov., 1894.*
See page 61.
Consol. 1899.
Merged Julv 1, 1901
Purch. April 1, 1899.
Consol. May 6, 1902.
Consol. May 6, 1902.
Consol. May 24, 1902.
Atlanta. W. E. 4 McPherson
Atlantic & Pac., Cent. Div. . .
Atlantic 4 Pac., West. Div. .
Atlantic & Western
Seneca. Mo., to Sapulpa, I. T
Street Railways
St. Louis & San Francisco
Santa Fe Pacific
Jack., St. Aug. & Ind. Riv. . . .
See Manual for 18J7, p. 275
Blue Springs to Now Smyrna, Fla ....
See Manual for 1902, page 228
Atlantic, Tenn. 4 Ohio
All. Coast L. RR. Co. of S. C.
Atl. Coast L. RR. Co. of Va. .
Atl.Coast, St. Johns & Ind. R.
Atlantic Short Line
Atlantic, Yr.l. 4 Western. . ..
Charlotte to Statesville, N. C
45.91
See Manual for 1300, p. 344
See Manual for 1 300, p. 344
Enterprise to Titus villa. Fla
Bruton, Ga. to a point southeast
VaHosta, Ga., t.i Gd. Crossing, Fla. . .
Attica to Freedom, N. Y
Coats to Gregory, Ark.
Augusta to Sandersville, Ga
Carrabelle to Ocklockonee Riv., Fla. . .
Aurora to Turner Junction, 111
See Manual for 1902, page 580
67373
91.61
37.00
23.00
105.61
33.00
6.00
80.00
11.50
12.35
107.86
5.01
36.00
80.00
29.87
3.72
87.00
1.03
4290
42.90
37.03
4.00
917.22
Atlantic Coast Line RR. Co. . .
Atlantic Coast Line RR. Co. . .
Jack., Tampa 4 Key West . . .
Bruton & Pineora
Ga., Siuthern & Florida
Buffalo, Attica 4 Arcade
Batesville & Brinkley
Augusta Southern
Carrabelle. Tallah. & Ga
Chicago & Aurora
Houston & Texas Central. . .
International & Gt Northern .
Texas 4 Pacific
Atlantic 4 Lake Superior
> Delaware...
Augusta & Southeastern
Augusta, Gibson 4 Sandersv.
Augusta, Tallahassee & Gulf.
Aurora Branch RR
Austin & Northwestern
Austin Dam and Suburban. .
Avovolles RR
At Austin, Tex. . . :
See Manual for 1900, p. 4,50
Metapedia to Caplin, Que.
) Clayton, Del., to Chestertown, Md.
Baltimore & Delaware Bay. .
Baltimore & Eastern Shore. .
Baltimore & Lehigh
Balto. & Lehigh in Md
Balto. & Lehigh in Pa
Balto. & Ohio Southwestern .
Balto. 4 Ohio Southw. Term.
Bangor & Katahd. Iron Wks
j Claiborne, Md , to Ocean City, Md . .
| Balto., Chesapeake & Atl. . .
Maryland & Pennsylvania. . . .
Baltimore 4 I^ehigh
5 York Southern. . . .
Baltimore to Cardiff. Md
Baltimore to Cardiff, Md
j York to Delta and So. Delta, Pa
See Manual for 1902, p. 56
Track & terms, in Cincin. & Chillic., 0.
Milo Jc. to Katahdin Iron Works
Baltimore 4 Ohio
Balto. 4 Ohio Southwestern . .
18.90
76.50
Bartjirton, Akr. 4 E. Belt L.
Barberton Belt Line
Barclay
No road built by this company
Barberton Belt Line
Around the city of Barberton. 0
j Towanda, Pa., to Foot of Plane. . .
8.78
14.02
1.59
4.00
9.00
11.50
12.00
58.00
6.00
12.00
17.33
6.21
Akron & Barberton Belt
| Susquehanna & New York .
Abandoned, 1891-92
BarkCarapRR
Barnwell . ...
Termini not reported
Blackville to Barnwell S. C
Consol. May 11, 1891.
Bartlett & Albany
Bartow 4 Dublin
Batesville & Brinkley
Bartlett to Albany, N. H
Termini not reported
f Brinkley to Jacksonport, Ark
Operations suspended
Abandoned & track taken up .
} White 4 Black River Vy...
Abandoned, 1896-97.
Name ch'd Jan., 1890.
Baton Rouge, Mobile & Pon..
Battle Creek & Bay Citv. . . .
Bay City Belt
West Bav Citv to Midland City, Mich .
At Bav Citv, Mich
Bav City 4 Battle Creek
Reorg. Sept., 1889.
Proprietary road.
Consol. Jan. 1, 1897.
Consol. July. 1900.
Pere Marquette
Bay of Quinte Ry. & Nav —
Bear Lake & Eastern
Deseronto Jc. to Deseronto, Ont
Pierport to Springdale, Mich
Bcattyville Jc. to Beattyville, Ky.
400
16.00
770
1200
2.00
16.25
74.18
41.40
7.00
110.75
9.45
17.30
5040
50.40
Abandoned, 1901-1902..
Louisville & Atlantic
Beattvville 4 Cumberl. Gap..
Beaufort Co RR
Abandoned & track taken up .
Beaver City.
Beaver Creek 4 Cumberl'd. .
Beaver Vallcv
Bedford & Bloomfield . ..
Termini not reported
Nebraska Line to St. Francis, Kan
Bedford to Switz Citv, Ind
St. Clairsville to St. Clairsv. Jc., 0. . . .
Bellaire to Mill Run 0
Greenwood Ry. & Coal
Chic., Burlington & Quincy. . .
Chic., Indianap. & Louisv
Central Ohio
Ohio River 4 Western
Name ch'd Oct. 6, 1890
Perpetual lease.
Merged July 1,1897.
Jan.' 1.' 1963.'*
Merged Aug 1. 1889.
(.See Manual for 1898.
^ l>age 471.
Consol. Mav 21. 1889.
Consol. Dec. 27, 1889.
Bellaire 4 St. Clairsville
Bellaire, Zanesville & Cincin .
B'fonte. Nittanv & Lament .
Belleville * Carondelet
Belleville 4 Eldorado
Jc. L. 4 T. RR. to Bellefonte, Pa
Belleville to E. Carondelet, III
Bald Eagle Valley
Belleville* So. Illinois
Belleville, Centralia 4 East. .
Bell's Gap
Belleville to Du Quoin 111
L'ville, Evan. 4 St. L. Cons. . .
Bellwood to Irvona, Pa
25.30
20.00
8.97
57.06
1.85
101.74
Penn. 4 Northwestern
Abandoned Dec 20 1895. . . .
Belva & Elk River
Bennington & Glastenbury. .
Bennington & Rutland
Big Horn Southern
Binshamton, Towanda 4 W.
Birmingham, Laney & Pied .
Bennington to Glastenbury. Vt
> Rutland to Bennington, Vt
Merged July 30, 1901.
Purch. Dec. 31, 1897.
Consol. May 27. 1902.
i North Bennington to White Creek. .
Wyo. Line to Huntley, Mont
Chie., Burlington 4 Quincy. . .
Susquehanna 4 New York . . .
No longer in existence
5.00
Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
90
POOR'S MANUAL OK UAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME OF OLD COMPANT.
TERMINI OK COMPLETED ROAD
AT THE TIME OF ITS ACQUIRE-
MENT.
I F.NGTH IN
MILKS.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST
ING COMPANY.
Birmingham Mineral
Birmingham, Solma A N. 0. .
Birm. Slieff. ATenn. Riv...
See Manual for 1902 page 266
175.82
60.00
119.01
23.00
2).;
37.94
8.0S
3. .50
Purch. 1900-1901.
Merged April 21. 1902.
Sept. 16. 1895.*
Name changed Dec., "91.
N'ame changed 1901-02.
Purch. Aug. 1, 1901.
Selma to M vrtlcwood, Ala
Sheffield to'Parrish, Ala., A bre
\tkins to Lucknow. S. C
Louisville A Nashville
Northern Alabama
South A North Carolina
Black A Cache River
Black Hills 4 Fort Pierre....
Black Lake A Sherman's Vy .
Blackville Alston A Newb'y.
Blackwell, rnidA'lexas.
Blackwell Southern Ry
Blakelev
sec Manual for 1902. p. 506
1 Golden Gate to Piedmont, So. Dak .
J Chic., Burlington A Quincy.
Not in existence
Blackvilie to Seivern, S. C
x-c Manual for 1902, p 752
Hunnewell, Kan., to Tonkawa, 0. T. ..
30.00
' "24J3
Carolina Midland
•it. Louis A San Francisco. . . .
Atch.. Top. A Santa Fe Ry.. . .
Private RR.; no returns
Consol. Mavll. 1891.
Acquired Feb. 8, 1903.
Absorbed Jan. 26, 1900.
In Skagit Co., Wash
At Bloomsburg, Pa
5.00
0.39
396
20.90
21.00
36.00
5.56
8.50
21.60
20.7o
2075
34.00
145.83
20.39
61.22
4.70
2.60
13.00
7.80
10.23
4.31
9.46
90.92
34.74
17.00
9.00
31.40
20.60
14.00
3275
Private RR.; abandoned. . . .
Rupert A Bloomsburg RR . . .
Illinois Central
Consolidated in 1900.
Blue Ridge A Atlantic
Cornelia to Tallulah Falls, Ga
i Anniston to a point 4 miles north )
Tallulah Falls
Abandoned in 1894
Nov. 7. 1897.*
Blue Mountain Mineral
Bodie Ry. A Lumber Co
Reorganized.
Purchased 1899.
1898.
Purchased May 1, 1902.
Consol Oct. 8. 1902.
Merged Jan. 1899.
Reorg. Nov. 23, 1894.
Consol. Sept. 1889.
Purch. June 1, 1887.
Consol. July 1, 1891.
Purchased in 1899.
March 28, 1892.*
Boise City Ry. A Terminal .
Bombay A Moira
Boone County A Boonville.
Boone. Rockwell Cy.AN.W...
Boone Vallev Coal A Ry. . . .
Boston A Albany. Ga. . . . .
Boston, Concord A Montreal.
Boston, Hoosac Tunnel A W
Boston, Winthrop A Shore. .
Bowers A Piney Creek
Bovle A Sunflower River
Bradford. Bordcll & Smethp.
Bradford, Eldred A Cuba . . .
Bradford, Richburg A Cuba .
Brainerd A No. Minnesota. . .
Brantrd.NorfkAPt.Bu'11.
Brantfd, Waterloo A L. Erie
Breckenridge Short Line. . . .
Briarfield, Bloc'n A Tenn. R.
Brigantine Beach
Bright Hope
Nampa to Boise City, Id
Bombay to Moira. N. Y
Centralia to Columbia, Mo
Fraser to Cowrie, la
Fraser to Gowrie, la
Pidcock to Moultrie, Ga.. and branch. .
\ Concord to Groveton Jc., N. H
Operations suspended May 25,
Columbia A St. Louis
Newton A Northwestern
Marshalltown A Dakota
Georgia Northern
'' Wing Rd. to Mt. Washington. N. H..
Rotterdam Jc. to Vt. and Mass. Line. .
f East Boston to Winthrop. Mass
1 Crescent Beach to Point of Pines. . .
Kimball Lake to Boyle, Miss
Fitchburg
) Boston, Revere Beach A \
No longer in existence
Yazoo A Miss. Valley
Bradford, Bordell A Kinzua.. .
Abandoned in 1893
Abandoned in 1893
Little Gen., N.Y., to Ceres (Pa. Line) .
Fldred Pa to Ceres, N. Y.
Brainerd to Bemidji, Minn
Brantford to Glencoe Loop lane. Ont..
Brantford, Ont., to Waterloo, Ont. . . .
Cloverport to Victoria, Ky
{Birmingham Jc to Blockton, Ala. . .
Minnesota A International. . .
Grand Trunk Ry. of Canada. .
Toronto, Hamilton A Buffalo.
Merged Julv 1.1901.
Consol. in 1893.
Successor, Dec. 1, 1892.
j- E. Tenn., Va. A Ga
Brigantine Jc. to Brig"e Beach, N. J. . .
Bermuda to Eppes Falls, Va
Philadelphia A Brigantine. . . .
April 1, 1896.*
July 23, 1889.*
Bristol Belt Line
Bristol, Elizab. A No. Car.. . .
British Yukon
At Bristol, Tenn
Bristol to Elizabethton, Tenn
1.00
22.00
90.45
3.75
25.00
358
See Departm't of Street Rys. .
Virginia & Southwestern
White Pass & Yukon
Merged Jan. 19, 1899.
See page 852.
Owned.
Merged Nov. 16, 1891.
Consol. June 5, 1895.
Consol. June 5, 1895.
Consol. June 5, 1895.
March 21, 18W.*
) White Horse to White Horse Spur |
Brockport A Shawmut
See Manual for 1902 p 94
\ Y L E A W Coal A RR
Brock wayv. A Punxsut'ney .
Brookline
Brockway ville to Punxsutawney, Pa.. .
Buffalo, Rochester A Pitts . . .
Brookline A Milford
Brookline A Pepperell
Brooklyn A Brighton Bch. . .
Brooksville
Brownv. A Nodaway Vy. RR
Brown wood A Northw*n. . . .
Bruce A Clairton
Brookline to Milford, N. H
Squannacook Jc., Mass., to N. H. Line
Brooklyn to Brighton Beach, N. Y. . . .
Brooksville to Wellsburg, Ky
Vallisca to Burlington Jc., Mo
7.00
10.42
7.50
10.00
46.22
9.00
Fitchburg
Fitchburg
Brooklyn Rapid Transit
Cincin. A Licking River
Chic.. Burlington A Qin'ncy. . .
Cape Girardeau, B. A So
West Side Belt
Abandoned 1898-99
Purch. June 12, 1900.
Merged Jan. 1. 1901.
Consolidated in 1898.
Consol. May 23, 1902.
Brownwood to Zalma, Mo
No road built by this company
Brunswick A Pensacola
Brunswick A Western
Brunswick to Albany, Ga
Bruton to Register, Ga
168.78
58.00
1.75
20.80
32.00
1.03
30.00
25.40
66.36
14025
Savannah, Florida A Western.
Merged July 1,1901.
Merged July 1, 1900.
Purchased.
Dec.. 1895.
Proprietary road.
Consol. July 30, 1888.
Consol. Jan. 28. 1897.
Merged Nov. 19, 1895.
Merged April 3, 1896.
Jan. 12, 1892.*
Consol. Aug.. 1899.
Absorb April 1. 1899.
Reorganized 1889.
Consolidated 1899.
Merged Jan. 1.1901.
Merged June, 1902.
Bruton A Pineora
Buchanan A St Joseph
Buckingham
Buchanan, North
Out of existence
Chesapeake A Ohio
Moncton A Buctouche
Buctouche A Moncton
Buena Vista
Moncton to Buctouche, N. B
Greenwich to Cohansey Creek, N. J.. . .
Americus to Buena Vista, Ga
St. Mary's to Clermont, Pa
Buffalo to Jamestown, N. Y
Painted Post to Buffalo. N. Y . ..
Central RR. of New Jersey
Buena Vista A Ellaville, ....
Buffalo A St. Mary's.
Buffalo A Southwestern
Buffalo, N. Y. A Erie
Buff. Run, B'fnnte A Bald E.
Buffalo, St. Mary's A S'w'n. .
Burlingame A N'orthwest'n. .
Burlington A LnmoiHp
Burlington A I/amoille Vy. . .
Burlington A Missouri RR . .
Burlington A Northwestern..
Burnham Branch RR
Buffalo, St. M. A Southwest. .
Erie
Bellefonte to State College, Pa
Clermont to Hyde, Pa., and branch. . .
Alma to Burlingame, Kan
23.20
46.23
34.00
20.00
20.00
31760
38.73
9.00
Bellefonte Central
Pittsb., Shawmut A North
Atch., Top. A Santa Fe Ry.. . .
Burlington A Lamoille Vy. . . .
Central Vermont
Chic.. Burlington A Quincy. . .
Burlinzton A Western
Essex Jc. to Cambridz<> Jc., Vt
Essex Jc. to Cambridge Jc.. Vt
See Manual for 1898. p. 380.
Mediapolis to Washington, la
•Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME OF OLD COMPANY.
TERMINI OF COMPLETED ROAD
AT THE TIME OF ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQCJIKKD, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADF..
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Busk Tunnel
2.90
4.16
Acquired 1899.
Merged Jan. 1. 1902.
Consol. Jan. 20, 1897.
Holmesburg Jc. to Bustleton, Pa
Connecting
Pittsburgh, Bess. 4 L. E
Abandoned
Abandoned 1892-93
Butler & Pittsburgh
Cadillac * Northeastern. . . '
Cidv Mills
Cadillac to Lake City, Mich
14.66
8.50
11.30
259.00
8.00
16.00
25.00
258.03
113.51
8.00
210.61
64.33
4.43
66.00
8.00
27.24
20.85
32. 4S
68.73
7.27
4.8ii
Consol. Jan. 1, 1893.
Purchased in 1890.
Reorg. June, 1890.
Purch. Jan. 24, 1897.
Consol. Nov., 1889.
Merged April 14. 1898.
Consol. Nov., 1889.
Merged Feb. 17, 1897.
Merged July 1, 1901.
Merged May 1, 1901.
Consol. May 8, 1898.
Consol. Jan. 23, 1899.
Consol. Oct. 1, 1890.
t air;>, Yincennes & Chicago. .
(Yslr.'isieu & Vernon
f Cairo to Danville. Ill
\ St. Francisville to Vincennes, Ind . .
) Cleveland, Cincinnati, )
/Chicago 4 St. Louis. J
Calcasieu, Vernon 4 Shrevep.
Kansas City, Pittsb. 4 Gulf. . .
Southern California
Southern Pacific
San Pete Valley
Southern California
Chic., Lake Shore 4 East'n . . .
South Chicago 4 Southern . . .
International 4 Gt. North
Beech Creek
Calcasieu, Vernon & Shreve .
California Central
California Pacific
California Short Line
California Southern
See Manual for 1897, p. 198
See Manual for 1890, p. 1009
See Manual for 1898, p. 753
Draper, Utah, to Chester, Utah
Barstow to National City, Cal
\t South Chicago 111
Calumet River
Calvert, Waco & Brazos Vy. .
Cambria County
Chicago to Hegewiseh, III
Marlin to Bryan, Tex.
Wington Mines to Spangler, Pa
Cambridge & Seaford
Del.-Md. State Line to Cambridge.Md.
Rushville to Cambridge City, Ind. ....
Delaware RR
Cambridge City Extension. .
Pittsb., Cin., Chic. 4 St. L
St L Iron Mt 4 Southern. . .
Camdcn & Atlantic
See Manual for 1895 p 656
Wrest Jersey 4 Seashore
Consol. May 4, 1896.
Consol. May 24. 1901.
Consol. Meh. 26, 1889.
Aug. 23. 1899.*
Purch. March 8, 1884.
Consol. April 1. 1890.
Acq"ired 1001-02.
Dec. 29, 1898.
Consol. Mav 1, 1902.
Name ch. June 3, 1891.
Reorganized in 1892.
Purch. Seot. 1. ' 898.
Merged Nov., 1901.
Reorg. Jan. 1, 1897.
Consol. July 1,1902.
Purch. Aug. 2, 1892.
Camden County
Camden, Gl'cester 4 Mt. Ep..
Mt. Ephraim to Grenlock, N. J
Camden, N. J. to Mt. Ephraim, N. J . .
AtlanticCity
Atlantic Citv
28.70
5.28
2.21
Canal
Elmira to Horseheads, N. Y
Elmira, Cortland 4 North. . . .
Unnn Pac., Denver 4 Gulf. . .
Canon d' Aeua
Victor Junction to Victor, Col
Canton & Wooster
Justus 0 to Nutwood Mines, 0
303
331.24
2716
94.00
9.00
24.25
273.43
24.2')
15.00
128.82
7.94
34.00
108.00
1.25
1.82
30.41
6.00
2.00
22.00
46.00
75.58
16.66
18.38
510.19
500.59
98.77
20.00
53.04
81.85
31.00
312.05
30.00
12.57
5.26
108.30
96.60
24.10
800
8.18
6.00
11.70
33.16
5.50
150.03
Wheeling 4 Lake Erie
Cape Fear 4 Yadkin VY. ....
C. Girardeau, Bl'ra'fd&S... .
CapeGirardeauSouthwes'n .
Cape May A Sewrll's Point. ..
Carolina & Cumb'landGap. .
See Manual for 1838. p. 821
See Manual for 1901 p 537
Atlantic 4 Yadkin
St Louis 4 Gulf
Cape Girardeau to Hunter. Mo
Cape May Point to Swell's Pt., N. J. ..
Aiken to'F.deefielH. S. C
Wilmington to Rutherfordton and brs.
\iken to Edgefield, S. C
St. L., Cape Gir. 4 Ft. Smith. .
See Gen. Index— Dep. St. Ry?
Southern
Car., Cumb'Iand Gap 4 Chi. .
Carolina. Knox. 4 Western. .
Carolina 4 Cumberland Gap. .
Forecl. July 24, "96: Op. susp.
[• Southern Ry.— Car. Div. . .
Greenville to near Marietta, S. C
f Cayce to Hardeeville, S. C
Carson & Colorado, 2d Div. ..
Carson 4 Colorado, 3d Div. ..
Carteret 4 Sewaren
( Perry to Seivern, S. C.
Junction, Nev., to Cal. Line
Nevada Line to Keeler, Cal
Liebig's to Port Reading RR
Carteret to Staten Island Sound
Purch. Aug. 2. 1892.
Central RR. of New Jersey. . .
Central RR. of New Jersey. . .
Chic., Burlington 4 Quincy. ..
Greg m RR. 4 Nav. Co
Proprietary Road.
Proprietary road.
Merged Mav 20, 1899.
Acquired 1901-02.
Carteret Extension
Carthage & Burlington
Cascades
Lower Cascades to Upper Case., Wash.
Cashie & Roanoke
Wellington to Powellsville, N. C
Louisville to Cecilia Jc., Ky.
Cedar Falls Jc., la., to Minn. Line
Iowa City to Clinton, la
Cedar Rapids to Marion, la
Havfield to Titonka la
Wellington 4 Powellsville. . . .
Reorg. Oct., 1893.
Purch. Dec. 19. 1901.
June 1, 1896.*
Proprietary road.
Cecilia Branch, L. & N
Cedar Falls & Minnesota
Cedar Rapids & Clinton
Cedar Rapids & Marion
Cedar Rapids, Garner4 No'w
Cedar Rap.. la. Falls & N.W.
Central Iowa
Burl., Ceda: Rapids 4 No
See Department of St. Rys. . .
Burl., Cedar Rapids 4 No
Burl.. Cedar Rapids 4 No
Iowa Central
Purch. July 11, 1900.
Proprietarv road.
March. 1888.
Merged April 1,1901.
Consol. Aug!.'l892.'
Consol. Aug.. 1899.
March 10. 1902.*
Oct. 17. 1895.*
Name chgd. Oct. 11, 1897.
Merged Sept, 3. 1901.
Proprietarv road.
Ian. 19. 1898.*
Acquired June 1, 1900.
Reorg. April 1, 1890.
Hoiland, la., to Watert'wn,S.D.,4brs.
See Manual for 1890, p. 512
Cambridge to Northampton Mass. . . .
Lowell to Hastings. Mich. .
Campbell Hall to Silvcrnails, N. Y. . . .
See Manual for 1899, p. 217
Watsonville to Orangeville, Pa
See Manual for 1895. p. 358
Ilamp.Stat. I.Ry. to St.Martin.N. B.
jarrett to Waxahachie, Tex
">hio State Line to Jamestown, Pa. ...
Whence to Coulee, Wash
Salem to Chester, in., and branch
\lbia to Certterville. la
Chagrin Falls to Polon, 0
Falls Jc. to Chagrin Falls, 0
[Vmoeoeheasue Jc. to GraefTg. Pa
Champaign to Sidnev, 111
Cen'ral Massachusetts
Central Michigan
Cent. New England & West'n
Cent. N'ew York 4 Western. .
Central Penn. 4 Western
Cent. RR.&BankCo.ofGa..
Central Ry. of X. B., So. Div.
Central Texas 4 Northwest' n
CentralTrunk
C'entral Washington
Lowell 4 Hastings
Phila., Reading 4 New Eng . .
Pitts., Shawmut 4 Northern. .
Sus., BloomsbV 4 B'wick
Central Ry. of Ga
Hampton 4 St. Martins Ry. . .
Houston 4 Texas Central. . . .
lake Shore 4 Mich. So
Washington Central
(VMndia & Chester
Cenl'ville. Moravia & Albia. .
Chazrin Falls 4 Southern
Chagrin Fall* Branch
Albia 4 Centerville
Cleve Chi" Falls 4 Nor
Wheeling 4 I ake Erie
Purch. Dec. 31, 1901.
C'hamlxTsb'rK^- Gettvsb'rg .
Champaizn 4 Sidney
Chariton, DesMoines&So'n.
Charleston 4 Gauley
Wabash
Chic.. Burlington 4 Qninoy. .
Kanawha 4 Michigan
(Manch'r4Aug.. 78.4m. .]
Cheraw 4 Dar., 36.64 m. .
Wilson 4 Sum.. 30. 10m.. \
4.89 m. dec. through re-
measurements, etc. . . . J
-k>e Wahash statement
Merged Ja» 1.1900.
Purch. July 1, 1901.
Purch. March 1, 1895.
Charleston southward
Charleston & Northern
See Charleston, Sumt. 4 Northern
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
98
POOR'S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME or OLD COMPANY.
TERMINI or COMPLETED ROAD
AT THE TIME o* ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME or COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Charleston A Savannah.
' larlcst., Cincinnati A Chi. .
f Ashley Riv., S.C.. to C. of Ga. Jc..Ga
\ Ravenel's to Young's Island, S. C. . .
See Manual for 1894 p 152
97.00
5.60
213.18
191.00
150.03
28.22
9.00
57.01
9.00
17.54
10.00
138.00
138.00
42.H)
50.00
21.17
2.63
3.34
28.60
36.64
26.00
11.00
12.00
6.00
351.12
53.64
99.30
11.50
54.94
10.50
29.01
125.14
} Savannah, Florida A West .
Ohio River A Charleston
Southern
Merged July 1.1901.
Nov., 1894.*
July 10. 1894.*
Feb. 15, 1895*
See Southern Ry.
Amalgamated in 1891.
Merged Dec. 21. 1901.
Name changed in 1888.
Purch. June 1, 1901.
Charlotte N C to Augusta, Ga
( hurleston. Sumter A North .
i harlottesville A Rapidan. . .
See iM'inuul for 1895 p 913
Charleston A Northern
Charlottesville to Orange, Va
Chatham Jc to Chatham, N. B
Southern
Canada Eastern Ry
Chatham A Lebanon Valley .
Chatham, N. Y., to Bennington, Vt. . .
Chatham Jc to Chatham, N. B
Rutland
Chatham RR
Chattanooga A Durham
Chat A Lookout Mtn. RR. . .
Chattanooga, Rome A CoL . .
Chat, Rome A Southern
See Manual for 1900 p 451
\bandoncd 1899-1900
Carrollton, Ga., to Chattanooga, Tenn.
Carrollton, Ga., to Chattanooga, Tenn.
Around city of Chattanooga, Tenn. . . .
Chatt, Rome A Southern. . . .
Ian. 13, 1897.*
Purch. June 1, 1901.
Dec., 1895.*
Aug., 1889.*
Oct 17, 1894.*
Purch. in 1892.
June 1, 18%.*
Consol. Julv IS, 1898.
Nov. 30, 1892.*
Consol. Aug. 3. 1894.
Consol. Sept. 7, 1893.
Belt Ry. of Chattanooga
Ohio A Big Sandy
Chatteroi
Chautauqua Lake. |
Chelsea Beach
Cberaw A Chester
Ashland to Richardson, Ky
Ja., N.Y., to VV.N.Y. A P.RR.Jc.,N.Y.
V Jamestown A Lake Erie —
Revere Jc. to Saugus Riv. Jc., Mass.. . .
Chester to Lancaster, S. C
See Manual for 1899 p 396
Atlantic Coast Line of S. C. . .
Cheraw A Darlington
Tionesta Valley
Buffalo A Susquehanna
Cheraw A Salisbury
Cheraw, S. C., to Wadesboro, N. C
Sheffield to Garfield, Pa
Hull to Cherry Springs, Pa
( 'herrv Valley
Midland to Cherry Vv. Mines, Mo
See Manual for 1897, p. 469
Ches..OhioASouthw. RR. .
Cheshire
Ches., Ohio A Southw. Ry
Fitchburg
Carolina A Northwestern
St. Louis, Memp. A Southeast.
Julv 25, 1896.*
Consol. Oct. 1, 1890.
Feb. 8, 1897.
Acquired April 15, 1902.
Merged Nov., 1901.
Dec. 30, 1901.*
Perpetual lease.
Consol. April 1, 1890.
Reorganized. 1898.
Aug. 12, 1890.*
Merged May, 1897.
Reorg.— see p. 412.
Pureh. Sept.. 10, 1895.
Consol.. I unel, 1903.
Purch. March 11, 1890.
Consol. June 7, 1894.
Merged May 20,1899.
Ashburn. Jc., Mass., to Bel. Falls, Vt. .
See M.»nual for 1897. p. 780.
St. Mary's June, to St«. Genevieve.Mo.
Cheraw to Camden, S. C
Kunkletown to Lehigh Gap, Pa
Chester A Lenoir. • -
< hester.Perryv.,St.G.AF ,
(part) . . f
Chesterfield A Kershaw
Chestnut Ridge RR. of Penn.
Cheyenne A Burlington
Chestnut Ridge Rv
Col. Line to Cheyenne, Wyo
Cheyenne, Wyo., to Wendover
Br across Mo. Riv. at Atchison, Kan. .
Chic., Burlington A Quincy. . .
Union Pac., Denver A Gulf. . .
Atchison A Eastern Bridge . . .
Chicago A Erie
Chicago A Atchison Bridge. .
Chicago A Atlantic
Chicago A Calumet Terminal
< 'hicago A Canada Southern
Chicago A Carbondale
Marion, 0., to Hammond, Ind
See Manual for 1897 p 83
248.50
44.46
67.60
20.00
"9.00
174.30
80.50
3.63
92.61
42.8G
86.00
47.98
14.84
127.50
78.70
488.50
59.79
121.77
340.22
23.30
76.80
10.00
71.00
30.00
26 40
1,486.61
943.46
20.20
100.08
24.00
54779
Chicago Terminal Transfer —
Detroit A Chicago
Grosse Isle, Mich , to Fayette. 0
Johnston City to Carbondale, 111
No road built bv this company
Jc. C.W.A M. R'R. to Har. St., Chi., 111.
Chicago & Texas
Chicago, Cin. A Louisville. . . .
Chicago A Northern Pacific. . .
Chicago A Eastern Illinois. . . .
Chic., Burlington & Quincy. . .
Chic Lake Shore A East'n
( 'hirago A Cincinnati
Chicago A Great Western. . .
Chicago A Indiana Coal
( 'hicago A Iowa
See Manual for 1887, p. 374
\urora to Forreston, 111
\t Chicago 111 ....
Chicago & North,Miehigan. .
Chicago A Northern Pacific. .
Chicago A Ohio River
See Manual for 1899 p 267 . .
Merged Nov. 1,1899.
Nov. 17, 1896.
Consol. Aug., 1893.
Merged May 20, 1899.
See Manual for 1897 p 82
Chicago Terminal Transfer . . .
Peoria. Decatui- & Evansv. . . .
Chic., Burlington A Quincy. . .
Chic Lake Shore A East' n . . .
Sidell. 111., to Olney, 111.
Shabbona to Sterling 111
Chicago A Southeast' n (111 ) .
Chicago A Southeast' n (Ind.)
( 'hicago A Texas
Chicago A West Michigan.. . .
Chicago. Burl'ton A Kan. C. .
Chic.. Burlington A North'n.
< hirago, Decorah A Minn. . .
Chic.Div.P..D.AE.Rv....
Chic.. Fairchild A Eau Claire
Chic., Ft. Madison A DeaM. .
( 'hie.. Hammond A West. . . .
i hicago, Harlem A Batavia .
Chicago. Iowa A Dakota
Chic., Kansas A Nebraska. .
Chicago. Kansas A Western .
Chic.. Kansas City A Texas. .
Chicago. Padiieah A Memp. .
f •hiengo. Rockford A North. .
Chicago. St Louis AN. CM..
Chic.. St. Louis A Padncah .
Chirago St. I-ouis A Pitteb. .
( hirago, St. Paul A K. City. .
Chicago. Santa Fe A Cal . . . .
Chicago. Wia. A Minn
At Chicago, III
Muncie to Brazil Ind
Feb. 19. 1903.*
Acquired Oct. 15. 1902.
Merged Nov. 1. 1899.
Purch. Jan. 1, 1901.
Absorbed May 20, 1899.
Proprietary road.
Purch. Dec. 16, 1898.
Reorg. Jan. 1, 1897.
Merged Jan. 1,1901.
Consol. .Ian. 1, 1898.
Purch. March 11. 1890.
Purchased Jan., 1902.
April. 1891.*
Merjred Jan. 1.1890.
Feb. 4. 1S93.*
Purch. Feb. 23. 1897.
Merged Mav 20, 1899.
Tune 13. '82 (per. lease).
See Manual for 1898.
Con«ol. Oct. 1,1890.
Reorganization. 1892.
Merged June 1, 1900.
Marecd. Tuly 13. 1S99.
F.'h. 10, 1SP.7.*
ConsoL April 1, 1890.
See Manual for 1902, p. 370
See Manual for 1899, p. 267
f Viele to Bloomfield Jc , la
Pere Marquctte
f Chic., Burlington A Quincy
Chic., Burlington A Quincy. . .
Burl., Cedar Rapids A No. ...
Ind.. Decatur A Western
Fail-child A Northeastern. . . .
Chic., Burlington A Quincy. . .
Chicago Junction Ry
Chicago A Northern Pacific. . .
Chicago A Northwestern
Chic., Rock Island A Pac
Atchison. Topeka A S. Fe. . . .
Kansas City A Atlantic
Chicago A Eastern Illinois. .. .
Chic., Burlington A Quincy. . .
( Moulton, la., to Carrollton, Mo
See Manual for 1901. p. 214
Postville Junction to Decorah, la
Sidell to West Liberty, 111
See Manual for 1896, p. 158
Fort Madison to Ottumwa, la
Whiting, Ind., to La Grange, 111
Eldora June to Alden, la
See Manual for 1892, p. 155
See Manual for 1890. p. 920
North Kansas City to Smithville, Mo. .
Altamont to Marion. 111., and bra
Flagg Centre to Rockford. Ill
Ea.«t Cairo. Kv.. to New Orleans, La. ..
Marion to Brooklyn. Ill
See Manual for 1890, p. 86f.
See Manual for 1893. p. 168
53.64
580.52
815.67
51 -5.27
114.67
17.34
4.09
Illinois Central
Pittsb.. Cin., Chic. A St. L. . . .
Chicago A Gt. Western
Atchison. Topeka A S. Fe. . . .
Wisconsin Central
See Manual for 1890. p. 921
f Sehleisineerville, Wis.. to Central )
Oiickamauga A Durham. . . .
ChiroM Canon
Chirkamauea to Durham, Ga. . .
Chattanooga A Durham
Union Pac., Denver A Gulf. . .
Cbicoea to Forbes Col
•Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given,
POORS MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
99
N A ME OF OLD COMPANY.
TERMINI OF COMPLETED ROAD
AT THE TIME OF ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIBT-
INO COMPANY.
Chillicothe * Chariton RR. .
Choctaw Coal & Ry
Frederick to pt. 4 m. w. of Albia, la. . .
1 So. McAlister to Wister Jet.. I. T. . .
14.97
67.00
31.02
3.90
103.60
34.00
112.00
15.00
'"i.ioo
24.47
18.50
48.05
Chic., Burlington & Quincy. . .
j-Choctaw, Oklah'a A Gulf. . .
{- Choctaw, Oklah'a A Gulf. . .
Choctaw, Okla. A Gulf
Merged Jan. 1, 1901.
Sept. 8, 1894.*
Purch. May 3. 1902.
Purch. in 1902.
July 1, 1891.*
Consol.Junel, 1903.
Consoi. Oct.' 1,' 1890.'
April 15. 1891.*
Absorbed in 1890.
•< Fort Reno to Oklahoma City, 0. T. .
(Geary to Alva.O.T
Choctaw, Okla. & Texas
Cinrinnati A Green River. . .
•> :ti A- inil. Western . .
Cincinnati & Ky. Southern. .
Cincinnati A Richmond
Cincinnati it Southeastern . .
Cincinnati & Springfield ....
Cincinnati. Atl. & Col
Cincin. Connecting Belt
Cincinnati. Day. & Chicago .
Cincinnati, Day. A Ironton. .
Cincinnati. Georg. & Ports . .
Cin.. Hani. & Davton RR. . .
Cin., Hock. Vy. & Hunt
Cin.. IndpLs., St. L. &Chic...
1 Ingersoll, 0. T., to Anthony, Kan . .
Sayre, 0. T., to Amarillo, Tex
King's Mountain to Yosemite, Ky . . . .
No road built by this company
King's Mountain to Yosemite, Ky . . . .
Cincinnati A Ky. Southern . . .
Chicago, Cin. A Louisville. . . .
Abandoned. 1895-6
Pittsb., Cin., Chic. A St. L
Coving.. Flemings!). A Ash. . .
Cleve., Cin., Chic. A St. L ....
Abandoned
Johnson to Hillsboro, Ky
Dayton to Ludlow Grove, 0
Termini not reported
Idlewild to Ivorydale. 0
Dayton to Delphos, 0
3.79
98.27
191.50
4200
59.93
11.30
177.47
323.70
56.30
6.00
37.00
16840
154.00
15.51
61.15
164.4
39.2
280.80
100
19.00
21.50
7.10
Cin., Portsmouth A Va
Cin., Hamilton A Dayton. . . .
Cin., Hamilton A Dayton. . . .
SeeSt Ry. Dept
Merged April 9, 1901.
Consoi. Julv 8, 1895.
Consoi. July 8, 1895.
Cincinnati to Georgetown, 0
Cin.. Kamil'n A Dayton Ry . .
Marietta, Hocking A Nor
Cleve.. Cin., Chic. A St. L ....
\ Cincinnati Northern
Consoi. July 8, i895.
Consoi. June 27, 1889.
June, 1897.*
June. 1897.*
Purchased in 1890.
Consoi. May 19, 1902.
Merged April 1, 1890.
Consoi. June 1,1903.
Purch. Nov. 1, 1890.
Purchased in 1890.
Purch. Nov. 1, 1890.
Oct., 1889.*
Dept.ofSt.Rys.
May, 1891*
Cin. ( E. J.) to a point in Cler. Co., 0. .
Sec Manual for 1889, p. 302
See Manual for 1897. p 87
Cin.. Lafayette & Chicago. .
Cincinnati Northwestern. . ..
Cin.. Richmond <i Chicago . .
Cincinnati, Rich. AMuncie. .
Cin., Sandusky & Cleveland .
Cin Scima & Mobile . ...
Templeton, Ind., to Kankakee, 111. ...
College Hill to Mt. Healthv, 0
1 Detroit, Toledo & Mil
Cleve., Cin., Chic. A St. L ....
Cin., Day. A Toledo Trac
Cincinnati A Richmond
Hamilton, 0., to Indiana Line
Cottage Grove to No. Judson, Ind. . . .
1 Sanduskv to Dayton 0
Chicago, Cin. A Louisville
j- Cleve., Cin., Chic. A St. L . .
East Tenn Va AGa
( Carey. 0., to Findlay, 0
Cin., Wabash & Mich
Cin., Wash. & Baltimore
Cincinnati Water Works RR
Cin.. Wheeling & New York .
Clarinda & St. Louis
Clarksville & No. Carolina .
Clarksville A Prince RR. . .
Clarksb., Weston & Midl'd .
Clarkton Dr., St L.Ken.& S
Clearfield & Jefferson
IBent'n Har., Mich, to Ander'n, Ind .
) Anderson to Rushville. Ind
(• Cleve., Cin., Chic. A St. L . .
Bait. A Ohio Southwestern . . .
Cincinnati, Georg. A Portsm'h
Eastern Ohio
Abandoned in 1890
See Manual for 1890, p 584
California June, to California, 0
Cumberland to Morgan Jet. 0
Roseberry, Mo , to Clarinda. la
N. C. Line to Clarksville. Va
Southern
Purch. Aug. 22, 1894
Purchased Aug., 1886.
Consoi. Feb. 6, 1890.
Merged May 1,1902.
Consoi. Dec. 27. 1889.
Merged Sept. 1.1896.
Clarksville Tenn., to Princeton. Ky . .
Clarksburg to Buckhannon, W. Va . . .
52.70
41.00
Louisville A Nashville
West Virginia A Pittsburgh . .
St Louis A Gulf
34.47
5.48
4.00
160.02
15.89
56.00
700
6.70
8.00
391.15
177.73
16.50
Pennsylvania A Northwest. . .
Northern Pacific
Aband'dand track taken up. .
CKilum
Clealum, Wash., to Roslyn Mines
Clear Run
Cleveland & Canton
Cleveland to Coshocton, 0., and brs. . .
Clarinda to Northboro, la
Delphos to Carev, 0
Cleveland, Canton A South. . .
Chic., Burlington A Quincy. . .
Pittsb., Akron A Western ....
Akron A Barberton Belt RR. .
Wheeling A Lake Erie
Consoi. May, 1892.
Merged Jan. 1,1901.
Consoi. Mar. 11. 1890.
Consoi. Mav 6, 1902
Absorbed Aug. 14, 1899.
Consoi. Mav, 1892.
Consoi. June 27, 1889.
Corsol. June 27, 1889.
Purchased 1890.
Consoi. Aug. 1. 1883.
Consoi. Aug. 1, 1883.
Purch. Oct., 1889.
tied in 1898.
Jan. 12, 1897.*
ken up.
Consoi. A prill, 1890.
Consoi. April 1, 1890.
Perpetual lease.
Reorganized 1899.
Consoi.
Purch. July 10. 1894.
See page 611.
Purchased May 9. 1902.
Clarinda. Coll. Spgs. & Sou. .
Cleveland A Western
Cfcve., Barb. AWest. RR...
Cleveland Belt A Terminal. .
Cleve., Chagrin Falls A Nor. .
Cleve., Col., Cin. A Ind'ap. .
Cleve., Ind., St. L.& Chic. . .
Cleve., St. L., A Kan. City. . .
Clifton & Lordsburg
Clifton it Southern Pacific. . .
Clinton & Port Hudson
Barbcrton to Fairlawn, 0
See Manual for 1899 p 376
Cleveland, Canton A South. . .
Cleve., Cin.. Chic. A St. L....
Cleve., Cin.. Chic. A St. L ....
Missouri. Kansas A Eastern. .
Arizona A New Mexico
Arizona A New Mexico
Louisv., New Orl. A Texas . . .
Operations susp. 1897; disman
- Northern Pacific
See Manual for 1889, p. 409
Cincin., 0., to Lafayette, Ind., and brs.
St. Charles to Hamburg, Mo
See Manual for 1902. p. 614
Pee Manual for 1902 p. 614
21.34
425
44.35
7.81
10.00
274.56
8.62
144.58
4.82
12.00
228.90
144.80
21.60
Clove Branch
Cccur d'Alenc Ry. A Nav
Colfax & Bis, Rapids
Clove Br. Jet. to Sylvan Lake, N. Y. . .
j State Line to Mission. Idaho
Road abandoned and track ta
Union Pac., Denver A Gulf. . .
Union Pac., Denver A Gulf. . .
Chic.. Burlington A Quincy. . .
Pan Handle A Gulf.
Book Cliff RR..t
Colorado Central
Col. Central of Wyo
Colorado A Wyoming
Colorado Valley
C"l.. Wyo. A Great North' n .
Columbia A Greenville
Columbia A Palousc
Columbia 4 St Louis ..
See Manual for 1890, p. 945
Colorado Jet. to Wyoming Line
Nebraska Line to Wyoming Line
Sweetwater to Melbourne. Tex
See Manual for 1895. p. 775
See Manual for 1902 p. 569
Southern
Oregon RR. A Nav Co
Wabnsh
Colum., LumbWton A Gulf. .
Gulf A Ship Island
Colum. Riv. A Grav's Har. . .
4.00
300
5.00
58.20
Road abandoned and track
Not in operation
taken up.
See Man. for 1902, p 616
Purch. Jan. 1, 1890.
Columbia Ry A Nav..
Columbus A Eastern Ry. . . .
Columbus A Maysville
Columbus A Northwestern..
Columbus A Rome
Columbus. Wash., westward
( Columbus to Alum Creek Jet., 0. ...
i Hadley Jet. to Cannelv, 0., and brs.
See General Index for £Sf~
| Col., Shawnee & Hocking . .
Hillsboro
Pcoria to St Mary's 0
5836
50.00
Toledo A Ohio Central
Savannah A Western
Purchased March 1. 1901.
Consoi. July, 1888.
* Acquired by purchase at foreclosure or reorganized after for»«l«8ure sale on date given.
100
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME OF OLD COMPANY.
TERMINI OF COMPLETED ROAD
AT THE TIME OF ITS ACQUIRE-
MENT.
LENOTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY KXIST-
INO COMPANY.
Columbus. Ga., to Birmingham, Ala. .
At Columbus. 0
See Manual for 1899, p. 737
157.00
3.51
320.00
140.00
218.51
59.10
56.11
87.75
87.75
45.00
34.00
34.53
2.50
93.50
29.47
5.00
13.24
27.30
107.00
17.00
0.81
28.69
42.75
27.50
13.23
11.00
26.72
9.00
12.90
81.95
13.50
5.50
8.00
3.87
3.87
1.20
Savannah A Western
Consol. July, 1888.
Merged Nov. 12, 1896.
Reorg. Feb. 25, 1899.
Reorganized 1902-03.
Acquired Nov. 1, 1902.
Acquired Nov. 1, 1902.
Consol. Dec. 23, 1893.
Dec. 9, 1896.*
Consol. Jan. 1, 1897.
Purch. Nov. 1. 1890.
See General Index.
Consol. Sept., 1889.
Name changed July 1, '92.
Columbus Connect. 4 Ter. . .
Colmn.. Hock. Vy. A Tol. . . .
Columbus. Lima A Milwauk.
Columbus, Sand'kyAHocking
Colum., Shawnee A Hock'g. .
Columbus Southern Ry
Columbus 4 Southern
Colum.. Springfield 4 Cin. . ..
Columbus, Wellston 4 South.
Norfolk 4 Western
Hocking Valley Ry
Columbus 4 Lake Michigan. .
J Zanesville 4 Western
» Thurston to Shawnec, 0., and brs. . .
"/Colum. to Alum Creek, O., and brs. .
Columbus to Albany, Ga
Columbus to Albany, Ga
Columbus to Springfield, 0
So.Bloomingville to Lancaster Jet., 0.
(Concord to Nashua, N. H
( Toledo, Walhol.Vy. A Ohio.
[ CoL. Sandusky A Hock
Columbus A Southern
Georgia A Alabama
Cleve.. Cin.. Chic. A St. L ....
Congress Gold Co.'s UR
Corning. Cow'que 4 Antrim .
(Br. : Suncook to Hooksett, N. H. . .
See Gen'l Index for Statement of f *&"
Corning, N. Y., to Antrim, Pa., 4 brs. .
Cong. Con. Mines Co.'s RR. . .
Fall Brook
( 'underskirt A- Pine Creek. . .
Coudersport 4 Wellsboro . . .
Conn. Grove. Sm'y Vy. 4 W.
Coudersport to Sweden Vy., Pa
Coudersport A Port Alleg'y. • •
Buffalo A Susquehanna
Kansas A Col Pacific
Consol. Jan. 1, 1896.
Consol. Sept. 29, 1894.
Consol. Dec. 27, 1890.
May 21, 1891.*
Purch. June 12, 1900.
Merged.
May 9, 1894.*
Merged Jan. 1,1901.
Consol. Sept. 7, 1893.
March 2\. 1898.*
Consol. Ma v 1.1902.
Purch. Sept. 28, 1901.
Merged Oct. 7, 1901.
Reorg. in 1897.
Owned
Reorg. Oct., 1897.
Reorg. Jan. 1. 1902.
Name changed Jan. 10, '99
See General Index.
Consol. March 1, 1899.
Aug. 26, 1890.*
May, 1894.*
Purchased in 1891.
Purch. Jan. 1, 1900.
Jan. 20, 1891.*
Jan. 20, 1891.*
See page 8 17.
Purchased in 1892.
Consol. July 15, 1895.
Purchased in 1893.*
Merged March 1, 1901.
Consol. Jan. 1, 1892.
Gvpsum Citv to Marquette, Kan
Cov.. Flem'b'g 4 Ashland. . .
Coving. Short Route Rv. Tr.
Cres. A Clear.Co.,4 N.Y.S.R.
Cr.-stonBr.ofB.AM. RR,..
Creston A Northern RR
Cross Fork.
Johnson Jet. to Hillsboro, Ky.
Cincin. 4 Licking River
Chesapeake 4 Ohio
j- Chic., Burlington A Quincy.
Buffalo A Susquehanna
Cross Fork Jet. to Cross Fork, Pa
In Washoe Co., Nev
Shelbwille to Bloomfield, Kv
CrvstalBav
Cumb. A Ohio— No. Div
Private railroad; abandoned.
Bhelbyville 4 Bloomfield. ....
Tennessee Central
Johnston Strand to Isoline, Tenn
Cumberland River 4 Tenn. .
Current River
Cu vler 4 Woodburn
Willow Spring to Grandin, Mo
Kan. C., Ft. Scott A Mem. . . .
Daguscahonda 4 Elk
N.Y.,L.ErieAW.CoalCo...
Dakota Pacific
Dakota. Wvoming 4 Mo. Riv.
Dallas. Fort Worth 4 Gulf . .
Dallas!. Ry. 4 Un. Depot Co.
Dallastown Branch
Danv..Mocksville4Southw't.
Danville 4 New River.
Darien Short Line
Davenport. Iowa 4 Dakota. .
Davis Coal 4 Coke Co
Dayton, Ft. Wayne A Chic. .
Dead River
Deadwood Central
Rapid Citv to Scott's Mills, S. D
In City of Dallas, Tex
In City of Dallas, Tex
Dallas Term. Ry. A U. D. Co. .
Dallas. Fort Worth A Gulf. . .
York Southern
Dallastown Jet. to Dallastown, Pa. . . .
C iscade Jet.. Va., to Leaksville, N. C. .
Danville to Stuart Va
8.00
75.09
19.00
31.09
241.20
2.98
3.33
34.66
40.00
3.50
11.47
4.00
Danville 4 Western
Darien to Darien Jet., Ga
Bennett to Davenport, la
Burl'g'n, Cedar Rapids 4 N . .
W. Virginia Cen. 4 Pittsb
) Cin., Dayton A fronton ....
1 Cin., Dayton A Chicago
Duluth. South Shore A Atl. . .
Chic., Burlington A Quincy. . .
Indiana, Decatur A West
Middle Tenn. A Alabama
Kan. Cy. Ft. Scott A Mcm.Ry
Hoosac Tun. A Wilm'gton
\bandoned 1900
See Manual for 1902, p. 243
See Manual for 1891, p. 175
Marquette to Dead River Mill. Mich . .
Deadwood to Lead City. S. D
Indianapolis to 111. State Line
Bonneville. Tenn., to Ala.-Tenn. Line.
Deckerville to Luxnra, Ark
State Line to Readsboro, Vt., and br. .
De Kalb to Mavsville. Tex. :
I.'eeatur, Ches. A N. Orleans .
Deckerville. Osceola A Nor. .
Deerfield River.
DeKalbARedRiver
De Land 4 St. Johns
De Land Jet. to De Land Fla
Jack., Tampa A Key West . . .
Consol. May 1. 1890.
Delaware 4 Anthracite. ....
Delaware 4 Chesapeake Ry. .
Delaware 4 Hudson Canal . .
Delaware A Otsego
Clayton, Del., to Oxford, Md.. .
54.30
Delaware RR
Consol. Jan. 23, 1899.
Name chg'd April 28, 1899.
Consol. Jan. 1, 1902.
Consolidated 1900.
See Manual for 1899, p. 97
Hobart to Oneontn, N. Y
29.43
19.97
12.60
Delaware River
Woodbury to Penn's Grove N J
Delaware River A Lancaster.
Delaw.Vy..Huds.ALehigh.
Denison A Suburban
French Creek Jet. to St. Peters, Pa. ...
Abandined in 1898
1.10
20.00
27.00
4.56
310.10
62.90
116.26
324.70
Abandoned 1895-6
l>enis^n 4 Wa«liita Vv
Denver A Boulder Valley . . .
Denver A Middle Park
Denver A Rio Grande West. .
Denver A Santa Fe
See Manual for 1902, p. 470
Missouri, Kansas A Texas. . . .
Union Pacific
Union Pac., Denver A Gulf. . .
[• Rio Grande Western
See page 494.
April 1, 1898.
Consol. April 1, 1890.
Consol. June, 1889.
Jan. 19, 1900.
Consol. Nov. 19, 1898.
Brighton to Boulder City, Col
Ralston to Glencoe. Col
J Col. State Line to Ogden, Utah. . . )
i Brs. (See Manual for 1889, p. 887) )
South Pueblo to Denver CoL
Atchison, Topeka A S. Fe. . . .
Colorado A Southern Ry
Denver, Leadv. A Gunnison.
l)enver, Longmont A Noland
Denv., Marshall A Boulder. .
Denver RR. A Land Co
Denv. Resort Rv. A Tel. Co. .
Denver So. Park 4 Hill Top .
Denver So. Park A Pacific. . .
See Manual for 1898, p. 854.
See Manual for 1899. p. 842
( Argo Jet. to Boulder. CoL
26.81
3.23
16.90
14.00
11.32
151.20
173.32
• Union Pac., Denv. A Gulf.. .
Consol. April 1, 1890.
Reorg. in 1888.
Merged Dec 20 1898
i Louisville to Lafavette
Denver to Scranton, Col
Fnirplav to Levirk. Col
No longer in existence
Colorado A Southern Ry
!• Denv., Leadv. A Gunnison .
\ Denver to Leadville, Col
Purch. Aug. 29, 1889.
"i Bra. (See Manual for 1889)
"Acquired by purchase at foreclosure or reorganized after foreclosure sale OB date given.
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
101
N on. OK i >I.D COMPANY
TERMINI OF COMPLETED ROAD
AT THE TIME OP ITS ACQUIRE
MENT.
LENGTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQUIRED, OH
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Denver. Texas & Ft. Worth .
Denver, Texas* Gulf
Denver, Utah 4 Pacific
De 1'ue, Ladd & Eastern. . . .
Des Arc & Northern
See Manual for 1889, p. 495
170.03
138.%
43.49
3.50
24.63
5.00
35.02
41.61
114.00
66.80
150.00
25.56
238.00
174.95
451.00
Union Pac., Denver 4 Gulf. . .
Union Pac., Denver 4 Gulf. . .
Chic., Burlington 4 Quincy. . .
Chicago 4 Northwestern
Searcy 4 Des \rc
Consol. April 1, 1890.
Consol. April 1, 1890.
Purcii. July V. 1902.
Consol. July 1, 1899.
Denver to Pueblo, Col., and brs
Denver, Col., to Lyons, Col
Seatonville to Ladd, 111,
Searcy to Des Arc, Ark
Dwhler&WaybackCity
IX>s Moines & Knoxville Ry
IVs Moines & Northern
In Henry Co., Ohio
Des Moines to Knoxville, la
Private road; abandoned
Chic., Burlington 4 Quincy. . .
Des Moines North 4 West. . . .
Des Moines North 4 West
Wabash
Des Moines North 4 West. . . .
Lake Shore 4 Mich. So
Detroit Southern RR
Merged Jan. 1, 1901.
Consol. Aug., 1891.
Consol. Aug.. 1891.
Dec! 18, 1894.* '
Proprietary road.
Reorg.May25, 1901.
Nov. 8, 1894.*
Consol. Nov. 1, 1899.
Nov. 10, 18%.*
Des Moines to Boone la
Des Moines & Northwest' n. .
DCS Moines & St. Louis
IV- Moines. No. & West. RR
Detroit it Chicago
Detroit 4 Lima Northern. . ..
Des Moines4o Fonda, la
See Manual for 1898, p. 810.
See Manual for 1897, p. 242
Grosvenor to Fayette
See Manual for 1900, p. 276
Detn.it, Bay Citv & Alpena. .
Detroit, Or. Rapids & West'n
Detroit, Lansing & North
Diamond Valley
Alger to Alpena, Mich., and brs
See Manual for 1899, p. 827
Detroit 4 Mackinac
Pere Marquette
See Manual for 1897, p. 903
221.57
12.25
6.25
44.51
26.40
8.00
Detroit, Gr. Rapids 4 West. . .
Abandoned in 1892-3
Dixon & Quincv.
Arpee to Keithsburg 111 .
f Chic., Burlington & Quincy
Abandoned
Merged May 20, 1893.
Dixon, Peoria & Hannibal. . .
Dodse City, Mont. & Trin.. . .
Dooly Southern
Douglas & McDonald
Buda to Elmwood, 111 . .
Dodge City to Montezuma, Kan
Richwood to Pinia, Ga
Abandoned, 1901-02
Abandoned
Dover & Statesboro
Dover to Statesboro Ga
10.00
29.00
47.92
205.90
100.00
22.50
4947
Purch. Jan. 1, 1901.
Purchased in 1892.
Purch. Nov. 23, 1887.
July 25, 1896.*
July 25, 1896.*
Merged Sept. 1, 18%.
Merged May 1. 1899.
Absorbed in June, 1901.
Merged June 30, 1899.
Purchased in 1898.
See Manual for 1901 .
Dover & Winnipiseogee
Duck River Valley
Duluth & Manitoba
Duluth it Winnipeg
Dover to Alton Bav, N. H
Boston 4 Maine
Columbia to Fayetteville, Tenn
See Manual for 1890, p. 702
Vew Duluth to Deer River, Minn
Fertile to Crookston Minn
Nash., Chatt, 4 St. Louis
Northern Pacific
Duluth, Superior 4 AVest
Northern Pacific ... .
Duluth, Crookston & North .
Duluth, Miss. R. 4 Northern.
Duluth, R'd Wing & South'n
Mississ. River to Dewey Lake Minn
Eastern Rv of Minn
Red Wing to Zumbrota, Minn., 4 brs .
Thomson, Minn., to W.Superior, Wis. .
New Duluth to Deer River, Minn
L's.Oi)
17.75
100.00
Wis., Minn. 4 Pacific
St Paul 4 Duluth
Duluth, Superior & West'n . .
Duluth Superior Belt Ry.
Eastern Ry. of Minn
Duluth Transfer Rv
Duluth Transfer
Duluth to New Duluth & branch
Durham to Henderson, N. C
Cartersville, Ga., to Pell City, Ala. . . .
Cartersville, Ga., to Pell City, Ala
!n Buffalo, N. Y
Irlando to Oviedo, Fla
HcKinney, Tex., to Jefferson, Tex. . . .
'berville to Noyan, Que
In Charleston S C
14.00
41.40
116.17
116.70
0.10
15.67
155.11
22.80
3.00
,246.05
Northern Pacific
Seaboard Air Line
Purch. May 26, 1902.
Merged Nov.. 1901.
Mav29, 1893.*
Consol. 1903.
Durham 4 Northern
East k West of Alabama. . . .
West. . .
Birmingham 4 Atl. Air Line. .
Abandoned 1892-3
Hist Buffalo Terminal
K::-.! Florida & Atlantic
Ka>t Line & Red River
East Richelieu Valley
Florida Cen. 4 Peninsular. . . .
Sherman, Shreveport 4 So —
Juebec Southern
Purchased 1894.
Feb. 28, 1893.
Purch. Mav, 1900.
July 14, 1903.*
July 7, 1894.*
Consol. May 9, 1890.
Merged June 1,1899.
East Tenn., Va. & Ga
See Manual for 1895, p 776
Southern
Eastern
Eastern RR. in N H
Boston, Mass., to New Hamp. Line. . .
3ortsmouth to Seabrook, N. H
tew Glasgow to Mulgrave
Milledgeville to Eatonton, Ga
41.45
16.08
80.00
21.00
2.74
11.00
30.19
2.50
"94. io
8.00
50.60
2.00
1.69
109.60
11.81
1.50
10.0S
40.00
"b'i?
1.50
12.50
71.50
450
Eastern Extension (Can. ). . .
Eatonton Branch
Purchased.
Purch. Jan. 1, 1897.
Merged July 1.1892.
Merged Aug. 6. 1891.
Merged Dec. 31. 1899.
Merged Nov., 1895.
Consol. Aug. 21, 1891.
Sept. 7, 1901.*
Purch. Sept. 6, 1893.
See Southern Ry.
Name chgd. Sept. 26. 1891.
Proprietary road.
Consol. July 1,1902.
Proprietary road.
Central of Georgia
Eau Claire
Chic., St. P., Minn. 4 Omaha .
Cambria 4 Clearfield
Ebensburg 4 Cresson
Echo & Park Citv
Scho to Park City, Utah, and br
Srie Breaker to Edger. Breaker, Pa. . .
Jnion Pacific
Me
-ichigh Valley Terminal
Edgerton Branch
Edgewater
Eel River
Envpt
Colon to Egvpt N C ....
Raleigh 4 Western
Elberton Air Line
Toccoa to Dberton, Ga
Jreat Isl. to N. J. Jockey Club.'. '. '. . '. '.
Southern
Jadison, Illin. 4 St. Louis. . . .
>ntral of New Jersey
Electric City & Illinois
Elizabeth Extension
Elizabeth, Lex. & Big Sandy.
Elkh.irt A Western . .
illkhart to Mishawha, Ind
^ake Shore 4 Mich. South'n. .
Elk Hill Coal A Iron
El I'M*) Northern
Empire & Dublin
3 Paso, Texas, to end of track
31 Paso 4 Northeastern
Purchased Sept., 1897.
Oct. 8, 1892.*
Consol. Mav 26, 1897.
Consol. Jan. 1. 1902.
Merged Feb. 26. 189(1.
| Oct., 1891 (See Manual
) for 1895).
Purch. Aug. 1. 1898.
Merged Nov. 27. 1895.
Consolidated 1895.
Purch. Feb. 1. 1900.
Name chgd. Jan. 6, 1890.
May 27. 1897.*
Name chgd. Dec. 1.1897.
Emporium & Mt. Jewett
Engelside
'Jo road built by this company.
n Philadelphia, Pa
At. Jewett, Clerm. 4 No
Connecting
Belvidere 4 Delaware
Enterprise. .
Erie 4 Genesee Valley
Huron
Dansvllle to Mt. Morris, N. Y.
Rondeau to Samia Ont
jike Erie 4 Detroit River —
Erie International
Escanaba, Frankf 1 4 South.
Eureka Springs
Jeecher to Frankfort, Mich
Seligman, Mo., to Eureka Sp'gs, Ark. .
| Pregnalls to Sumter, S. C
23.54
18.50
[- 58.00
101.40
101.04
Ann Arbor
St. Louis 4 North. Ark
W. Chart., Sumter 4 Nor
3vansville 4 Richmond Ry . .
Southern Indiana
Evansville <fc Richmond RR-
Evansville 4 Richmond Ry. .
( Branch: Vances to Elloree, S. C. . . .
Elnora to Westport, Ind
ilnora to Westport, Ind
*Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
102
POOR'S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME or OLD COMPANY.
TERMINI or COMPLETED ROAD
AT THE TlM£ Or ITS ACQUIRE-
MENT.
LENGTH IN
MILKS.
NAME OF COMPANT
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
RKFEHENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Ev.. Terre Haute A Chicago..
Everett A Monte Cristo Ry . .
Excelsior Springs
Fairchild A Northeastern. . ..
Fail-field A Ottumwa
Fairhaven A New What- (
Danville Jc., 111., to Otter Ck Jc., Ind.
See Manual for 1899 p 724
48.58
53.29
9.47
23.00
Chicago A Eastern Illinois. . . .
Monte Cristo Rv
Purch. Dec. 27, 1899. •
Reorganized, 1900.
Dec. 20, 1897.*
Excel. Sp'gs to Excel. Sp'gs Jet., Mo.. .
Kan. Cy, Excel Sp'gs A So ..
Private road; no returns. ....
Chic., Burlington A Quincy. . .
I See General Index— De- 1
) part, of Street Rys f
Seattle A Montana
Merged Jan. 1, 1901.
11.48
41.00
0.78
12.25
5.79
3.00
87.40
Fairh. A So. Jet. to Internal. Bound. .•
Jet. Connecting Ry. Phila. to Term.. . .
New Bedford to Fall River, Mass
Fall River, Mass., to Warren, R. 1. . . .
Falls Creek to London Mine, Pa
Merged 1899.
Consol. Jan. 1, 1902.
Merged Nov. 12, ls%.
April 30, 18J2.*
MergedJan.il, 1897.
Merged Sept. 1,1896.
Fair Hill
Fall River
Connecting
Old Colony
Fall R iver. Warren A Prov.. .
Falls Creek
Old Colony
Reynoldsv. A Falls Creek
Northern Pacific
Ferney to Waterville, Pa
21.00
Abandoned in 1894
F° HI • <t W t
Find., Ft. Wavne A West. . . .
Cleve., Cin., Chic. A St. L ....
Consol. Aug. 14, 1890.
Findlav Belt
At Findlav, 0..".
5.25
Flint A Perc Marquette
See Manual for 1899 p 829
655.03
Pere Marquette
Consol. Nov. 1, 1899.
Consol. July 18, 1898.
See Manual for 1899 p 396
45.31
Atlantic Coast Line of S. C . . .
Flor.. FJ Dorado A Wai. Vy .
72.73
27.00
Atchison, Topeka A S Fe. . . .
Not in existence
Florida, Georgia A Western .
Florida Midland RR
Tallahassee to Lake Como, Fla
11.00
4400
44.00
26.00
15.50
45.00
14.50
26.00
3.91
57.05
15.2()
27.20
Tallahassee Southeastern. . . .
Atlantic Coast Line
May 6. 1895.*
Longwood to Kissimmee, Fla
Florida Midland RR
Sept., 1896.*
Florida Penin.,A Gulf
Forest City A Sioux City. . . .
Fort Madison A Northwest . .
See Manual for 1897. p. 162
Gettysburg to Forest City S D
Abandoned
1 Opers. suspended.— See I
1 Manual for 1896. p. 320. (
Chic., Ft. Mad. A Des Moines .
Abandoned.
Fort Madison to Collett Sta., la
Fort Pavne to Mines, etc
March, 1890.*
Fort Scott A Eastern
Fort Scott Belt Terminal
Fort Scott Central
Fort Scott to Rich Hill, Mo
Terminals in Fort Scott Kan
Fort Scott Central . .
Consol. 1891.
Consol. 1891.
Proprietary road.
Purchased April 10, 1902.
Consol. 1891.
Purch. in 1890.
June, 1896.*
Merged 1901-02.
Consol. Aug. 14, 1890.
Merged July 1.1890.
Proprietary road.
Merged Sept. 3, 1901.
Fort Scott Central Ry
Rich Hill Mo, to Cornell, Kan., A brs..
Missouri Pacific
Fort Scott, lola A Western.. .
Fort Scott A Southern
Missouri, Kansas A Texas. . . .
Fort Scott Central
Fort Scott to Cornell, Kan
Ft. Scott, Wichita A West. . .
Ft. Smith A Van Huron Br. ..
Fort Wayne A Detroit
See Manual for 1891 p 787 . .
309.85
0.34
Kansas A Colorado Pacific . . .
St. Louis & San Francisco. . . .
Wabash
Across the Arkansas River
Fort Wayne A Findlay
Ft. Wayne, Cin. A l.ouisv.. . .
Ft. Wavne. T. H. A Southw .
Fort Worth A Denver Term .
Fort Worth A New Orleans. .
See General Index for
..^~
Find.. Ft. Wayne A West
Lake Erie A Western
Ft. Wayne to Onncrav., Ind., A brs. ..
See General Index for
At Fort Worth, Tex
128.90
..iar
6.88
41.97
6.00
0.70
4.16
23.54
28.00
22.79
14.60
Chic. A Southeastern (Ind.). .
Fort Worth A Denver City. .. .
Houston A Texas Central. . . .
(See General Index— De-)
( part, of Street Rys. . . . J
Kensington A Tacony. . .
Waxahachie to Fort Worth, Tex
At Knoxville, Tenn
Frankford Creek
Consol. Apr. 14, 1891.
Dec. 27, 1890.
May 1, 1892.
Consol. Mar. 1, 1897.
Owned; oper. asdiv.
Consol. Jan. 8, 1890.
Frankfort A Holmesburg. . . .
Frankfort A Southeastern. . .
Fred. A Penn. Line
Holmesburg Jet to Bustleton, Pa. ...
Beecher to Frankfort, Mich
I Pa.-Md. Line, near Kingsdale, to 1
1 Frederick Md
Bustleton
Tol., Ann Ar. A No. Mich
York, Hanover A Frederick. ..
Central RR. of New Jersey. . .
Freehold A All. Highlands. . .
Sparrow Kroll Lum. Co. RR.
Freehold A Atlantic HighL . .
Freehold A New York
Frost Shingle Co.'s RR
Freehold to Atlantic Highlands, N. J. .
Freehold to Kevport, N J
Logging railroad
8.00
2.08
11.00
23.00
12.22
13.50
5.00
56.18
33.30
14.00
75.06
38.50
1 13.55
8.47
400.81)
266.10
99.60
303. SO
287.83
39.62
3.20
9.27
Abandoned 1892-93
Fulton Elevated
Brooklyn Borough, New York City.. . .
See Manual for 1898, p. 185
Kings County Elevated
J See General Index— Dept. )
Merged May 1,1895.
Gadsden A Attalla Union —
Gainsr.. Rocky Ft A Mican..
Galeshurg A Rio.
Galesburg, Etherly A East'n
Galeton A Eastern
Gainesville to McCrony, Fla
Gainesville A Gulf
Name chgd. July 24, '95.
Merged Mav 20,' 1899.
Reorg. Sept. 6, 1898.
April 1, 1901.
Reorg. Mar. 31, 1899.
Purch. Jan., 1891.
Absorbed in 1890.
May 13, 1890.
Consol. June 23, 1890.
Merged.
Consol. April 1, 1890.
Merged Feb. 8, 1902.
Merged Nov . 1901.
Feb. 1, 1896.*
Aug. 1, 1894.*
Aug. 1. 1894.*
Name chgd. April 22. 1901.
Name changed in 1902.
Purch. July 15. 1896.
Galesburg to Rio, III
Wataga to Victoria, III
Chic., Burlington A Quincy. . .
3alesburg A Great Eastern. . .
Galves., La Porte A Houston
Gardner, Coal City A Nor. . ..
Geneva A Lyons.
See Manual for 1898, p. 217
jalveston, Houston A Nor
Elgin, Joliet A Eastern
N.Y.Cen. A Hudson River...
(- Geneva A Van Ettenville. . .
Lehigh Valley Ry.
Walker to Coster, 111.. A brs
Geneva to Lyons, N. Y
t Geneva. N. Y., to Penn. Line
Geneva A Van Ettenville —
Geneva, Ithaca A 8a>Te
Georget.. Brer-k. A Leadv. . .
Georgia A Alabama
\ Ithaca, N. Y.. to Cayuga, N. Y
No road built bv this company
See Manual for 1899, p. 156
Geneva A Savre
Georgetown to Gravmont. Col
See Manual for 1902 p 763
1". P.. Denver A Gulf.
Georgia, Carolina A Nor ....
Georgia Midland A Gulf. ....
Monroe, N. C., to Atlanta. Ga
Columbus to McDonough, Ga
See Manual for 1895 p 776
Seaboard Air Line
T-corcia Midland
Southern
Georeia Pine
Gladeville.
Glendon A Gulf. ...;
Bainbridge to Arlington, Ga
Rnmsev in Wise, Va
Gulf to Glendon, N. C.
Southern Rv. in Miss
Georgia. Fla. A Alabama
^'i-gmiti A Kentucky
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
103
N A M K OF OLD COMPANY.
TERMINI OF COMPLETED ROAD
AT THEe TIME OF ITS ACQUIRE-
MENT. "
LENGTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQUIRED, OP
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY I-JCIST-
INQ COMPANY.
i;i>r, Haven
3.48
3.60
2.05
5.09
25.18
42.00
24.00
229.59
553.17
28.00
55.54
1.00
28.80
24.20
2.00
146.00
43.73
Irondequoit (electric)
< ;ii n Jran.L.L.A Deep Water
Glenwood
Part of Loup Cr. Branch
Absorbed Oct 26,1901.
In Pittsburgh, Pa
Baltimore A Ohio
Golden, Boulder & Caribou. .
Goodyear, Neills. A North. . .
:i & Belington
Boulder, Col., to Marshall C"l B'ks. . . .
Goodyear to Saddle Mt. A brs
Grafton to Belington, W. Va
Abandoned
Abandoned in 1894.
Baltimore A Ohio
Purchased in 1892.
Reorg. Aug. 1,1892.*
Merged Dec. 31, 1897.
Purch. 1900-01.
Dec., 1896.*
Now classed as side track.
Purch. July 1, 1893.
Purch. July 1. 1893.
Consul, in 1893.
Merged Jan. 1,1901.
Grafton & Greenbrier
Grafton to Philippi, W. Va
Grand Island & No. Wyo. . . .
Grand Island & Wyo. Cent. ..
Grand Rapids, Belding A Sag.
Grand Rapids, Lans. & Det. .
Grand Rap. Transfer & Jet.. .
Grand Tower & Cape Girar.. .
Grand Tover & Carbondale. .
Gr. Tk, George1 n B. & L. E. .
Grant City * Southern
See Manual for 1898, p. 382
j- Chic., Burlington A Quincy
Pere Marquette
See Manual for 1898, p. 382
Belding to Freeport, Mich
See Manual for 1896. p. 965
In city of Grand Rapids, Mich ........
Grand Tower to East Cape Girardeau.
, Carbnndale to Grand Tower, 111
i Murphvsboro' to Garrisons' Sh., 111.
1 Port Dover, Ont., to Wiarton, Ont. .
"1 Brs. (See Manual for 1893, p. 1112)
Detroit, Grand Rapids A W. ..
Pere Marquette
Chicago A Texas
t Chicago A Texas
j- Grand Trunk of Canada
Chic., Burlington A Quincv. . .
Abandoned 1895-96
Granite Hill
0.50
2.00
5.00
13.50
27.80
fi.OO
7.00
134.37
17.34
62.50
6.00
218.80
10.00
10.00
18.40
35.00
3.80
3.80
1.14
37.67
11.87
9.00
6.25
..2500
Granite Mo' tain 4 Marble I
See Manual for 1902, p. 610
Austin A Northwestern
See Manual for 1902.
Merged June 30, 1899.
Oct., 1891.
Proprietary road.
Purch. April 16, 1894.
Purch. in 1902.
Oct. 26, 1896.*
Consol. April 1, 1890.
June 1, 18%.*
June 1. 1896.*
June 6, 1892.*
Name changed.
Merged Oct. 26. 1901.
Purch. June. 1895.
Reorg. June 9, 1892.
Oantsburg, Rush City A I
St ('laid (
j Rush City, Minn., to St. Croix 1
1 River Wis J
St. Paul A Duluth
Grass Like & Manistee Riv. .
Gravl'g,TwinLakeANorthe. .
Manistee River to Forest Ter. A br —
Abandoned; track taken up in
Great Eastern
1 Yamaska to River St. Francis, Que..
>• All. A Lake Superior
Montana A Great Northern. . .
Salt Lake A Ogden
Great Falls A Canada
' !rt. Salt Lake & Hot Sp'gs. .
Greek'v. Salt Lake & Pac. . . .
Green Bav. Stev. Pt, & No . .
Green Bay, Win. A St. Paid .
Green Cove A Midland
Great Falls, Mont., to Internat. Line. .
See Manual for 1896, p. 342
Greeley to Stout, Col., A brs
Plover to Stevens Point, Wis
See Manual for 1896, p. 129
Green Cove Springs to Sharon, Fla. . . .
Green Cove Springs to Sharon, Fla. . . .
U. P.. Denver A Gulf
Green Bay A Western
Green Bav A Western
Southwestern (Fla. )
Green Cove A Midland
Gr'n Cove Sp'gs & Melrose. . .
Greenbrier A New River. . . .
Greenfield & Northern
Greenlick Narrow Gauge. . . .
Greenlick
Greenfield to Aurora Mo
Kansas City, Ft Scott AM...
Greenlick.
Greenlick Jet. to Mt. Vernon Mines. . .
Greenlick Jet. to Mt. Vernon Mines. . .
F'agle Lake to Summit Green Mt., Me .
Green Pond to Ehrhardts, S C
Abandoned in 1893
Gr'n Pd., Walterboro A B'vle
Green River A Northern. . . .
Greenwood, Anderson A W. .
Greenwood Ry A Coal.
Savannah, Fla. A Western . . .
Northern Pacific
Seivern A Knoxville
Abandoned in 1892-93
Merged Sept. 2; 1901.
Merged Sept 1,1890.
Dec. 9. 1897.*
Palmer to Kanglev Jet., Wash
Seivern to Alathea, S. C
Grouse Creek
Kansas A Col. Pacific
Consol. Dec. 27, 1890.
Name changed.
Jan. 14, 1898.*
Groveton, Kickapoo A Gulf .
Gulf
8.00
12.00
11.00
37.00
14.00
Kickapoo A Gulf.
Wakita to Medford Okla
Peck City to Mineral Wells, Tex
/ Ripley to Pontotoc, Miss
A band. A dismant. 1901-02
JGulf AChicago
Gulf & Ship Island
Gulf Red Cedar Co
Consol. Aug. 1, 1889.
Abandoned 1901-02
Outline & Western
Hagerstown & State Line. . .
Seward, 0. T., to Cashion
) Hagerstown North Jet., Md., to 1
1 Penn State Line I
10.60
5.30
7.00
30.50
289.22
27.65
29.50
38.80
40.60
46.20
10.00
15.79
15.87
20.58
12.58
18.1fi
21.60
16.73
' ' l'.3i
19.00
9.24
Atch., Topeka A Santa Fe. . . .
Washington A Franklin.
Operations suspended 1901-'2.
Purch. Aug. 9, 1900.
June 10, 1899.
Kingston, Mo., to Tom Creek Mines . . .
Hamilton to Tarboro, N. C., A brs
See Manual for 1901 p 216
Hamilton RR. & Lumber. . ..
Hannibal A St. Joseph
Chic., Burlington A Quincy . .
Atehison, Top. A Santa Fe. . .
York, Hanover A Frederick. ..
Harriman A Northeastern
Harrisburg A Shippensburg. ..
Phil Harrisb A Pittsb
Purch. Jan. 1,1901.
Absorbed Jan. 19, 1900.
Consol. Mar. 1, 1897.
Dec. 4, 1895.*
Julv2. 1890.*
Consol. July 24, 1890.
Consol. Julv 24. 1890.
Merged in 1892.
Purch. Feb. 27. 1895.
Merged Jan. 1.1901.
Dwned branch.
Merged Sept 1.1890.
Purchased 1883.
Julv 25. 1896.*
Reonr Anril 12. 1891.
Consol. J-ine 30. 1892.
Consol. June 22. 1892.
Hanover
Hanover & York
York. Pa., to Maryland State Line
See Manual for 1895, p. 219
Bowmansdale to Shippensb. and brs. .
Harrisburg to Shippensburg, Pa
No road built by this company
Hartford to Fenwick, Ct
Floyd's to Ilartsville, S. C
Hastings to Carson, la
Lacka waxen to Hawley, Pa
Pricklv Pear to Wickes Mont
Harriman Coal & Iron.. ."
Harrisburg A Potomac
Harrisburg A Shippensb. . . .
Harrisburg Terminal
Phil., Harrisb. A PitLa
N. Y., N. H. A Hartford
Cheraw A Darlh.gton
Chic., Burlington A Quincy. . .
Erie A Wyoming Valley
Northern Pacific.
Hartford & Conn. Vy
Hartaville
[listings & Avoca.
Hawley Branch
Helena A Jefferson Co
Helena A Northern
Helena A Red Mountain ....
Henderson ville A Brevard. . .
Hcrk.. Newport A Poland. . .
Herk..\ewp. A Poland Ext .
Hibernin Underground. . .
Hillsboro RR
Hobart A Manistee River
Clough Jet. to Marysville, Mont
Helena to Rimini. Mont
Hendersonville to Rrevard, N. C
Herkimer to Poland, N. Y
Voro!idb"ilt bvth sro-npnnv
HiberniaRR. toHiberniaMine, N. J. .
Hillsboro to Sardinia, O
Hobart to Manistee River, Mich
Nor. Pacific A Montana.
Northern Pacific
Transvlvania
Mohawk A Malone.
Mohawk A Malone
Norfolk A Western
Acquired July 1.1902.
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
104
POOR'S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME OF OLD COMPANY.
TERMINI or COMPLETED ROAD
AT THE TIME OF ITS ACQUIRE-
MENT.
Z
h
5 J
Sa
NAME OP COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Stamford to Hobart, N Y
3.52
15.00
3.00
22.18
1800
13.00
12.00
Ulster A Delaware
Consol. Jan. 1, 1902.
Purch. June, 1896.
HollvCVsRR
Hopkins.
Palmer to Log Wavs, W. Va
Gillespie North
f M:ilvern to Hot Springs, Ark
Holly River
Abandoned in 1891
| Choctaw, Okla. A Gulf. ....
St. Louis A Gulf
Purch.May3.1902.
Consol. May 1, 1902.
Hourk's Missouri A Ark.
Houghton Lk. * Bartow Cy .
Houston Belt * Mae. Park. .
HUM.-.. Cent Ark. A Nor. . ...
Hoxie, Porahontas A Nor . . .
Hudson Susp Br.AN.E.RR.
Humeston A Shenandoah.. . .
Hunting. Tell City A Can'l. .
HunUville Belt L. A M. S. . ..
Hutchinson A Southern.
Hutchinson, Okla. A Gulf.. . .
\ Benton to Butterfield, Ark
Abandoned
4.07
189.85
15.30
' 95.45
24.00
8.50
130.00
20.00
Abandoned in 1897
MoGehee Jet. to t.' A P. Ry., La
Roxie to Pocahontas, Ark
See Manual for 1892. p 276
Van Wert to Shenandoah, la
st. L., Iron Mountain A So.
St. L., Memph. A Southeast. ..
Hudson Highland Br. A Ry . .
Uhic.. Burlington A Quincy. . .
Louisv., Ev'sv. A St. L. Con.. .
Road abandoned
Atchison, Top. A Santa Fe. . ..
Hutchinson A Southern
Owned bvStL. I.M .',
Purch. Feb. 1, 1902.
Reorganized 1893.
Merged Jan. 1.1901.
Consol. May 21. 1889.
Absorbed Dec. 20. 1899.
Consol. Oct.. 1889.
Acquired Julv 1. 1902.
Consol. Aug. 1, 1889.
Consol. May 21, 1889.
Merged May 20. 1899.
Absorbed in 1903.
April 5, 1897.
Purch. Dec. 27, 1899.
Reorg. Feb. 6. 1890.
Reorg. Jan., 1899.
Consol. July 15, 1895.
May 10, 1894.*
Consol. June 27. 1889.
Reorg. Dec. 31. 1894.
Merged See Gen. Inticx.
Consol. Dec. 27, 1890.
Consol. 1888.
Purch. April 6, 1901.
Hutchinson; Kan., to Biackweil! 0. T..
''ee Manual for 1894 p 222
See page 233
Norfolk A Western
Idaho Central
20.66
19.00
65.35
58.76
Oregon Sht. Line A Utah No. .
Louisv., Ev'sv. A St. L. Con . .
> Chic., Burlington A Quincy.
Southern Pacific
111. A St. Louis RR. A Coal. ..
Illinois Grand Trunk.
Illinois Vy. A Northern
Belleville to Dvke, 111., and branch. . .
Mendota to E. Clinton 111
Streator to Walnut 111
Indian Springs A Flovilla —
Indiana Block Coal
3.00
12.62
90.00
40.00
Flovilla A Indian Springs. . . .
Chicago A Eastern Illinois
3t. Louis, Ind. A Eastern
3t. Jos.. So. Bend A Southern .
fnd., Decatur A Western. ...
f Ind., Decatur A West )
/Otter Creek Junction to Terre)
1 Haute Ind j
Indiana A Illinois Southern. .
Indiana A Lake Michigan. . .
Indiana, Decatur A West . . .
Indianapolis Decatur A W. .
Indianapolis A St. Louis. . . .
Ingalls, White Rap. A Nor . .
Switz Cit v,' Ind.. to Effingham, 111. . . .
St. Joseph. Mich.,to South Bend, Ind .
Ill State Line to Decatur 111
Indianapolis, Ind.. to Decatur, 111. . . .
Indianapolis to Terre Haute, Ind
MexicoCity to Kilo. 110, Mex
Termini not reported
152.51
72.00
25.00
77.00
53.26
83.69
7.00
34.00
1.50
Cleve., Cin., Chic. A St. L ....
Wisconsin A Michigan
Mexican Great Eastern
Kansas A Col. Pacific
Dubuque A Sioux City
Colfax Northern
Iowa Falls A Sioux City. ....
Iowa Northern
Iron Range A Huron Bay. . .
Iowa Falls to Sioux City, la
Colfax to Valeria, la
Abandoned
Ithaca, Auburn A Western.. .
Jackson A Cincinnati
f Geneva to Frceville. N. Y
Abandoned in 1890.
Aug. 23,1889.*
Purch. Aug. 1897.
Acquired Sept., 1899.
Absorbed Julv 1, 1899.
July 1,1896.*
Sept. 2. 1895.*
Consol. 1893.
Reorg. Sept 26, 1895.
Mavl 1.1890.*
Acq. Apr. 22. 1899.
Consol. 1893.
Addison Junction to Jackson, Mich.. . .
Jacksonville to Pablo Beach, Fla
See Manual for 1900 p 378
17.65
16.25
129.00
112.00
28.00
37.03
344.20
112.30
41.00
6.50
7.75
63.75
38.41
27.31
102.59
18.03
6.00
185.80
7.40
Cincinnati Northern
Florida Enst Coast
Savannah, Fla. A Western . . .
Jacksonville A St Louis
Jacksonville A Atlantic ....
Jackson v. A St. John's Riv . .
Jackson v., L'ville A St.Louis
Jacksonv., Mayp. A Pablo. . .
Jack.. St Aug. A HaL Riv. ..
Jacksonv., St. Aug. A Ind. R.
.Jacksonville Southeastern. . .
Jack.. Tampa A Key West . .
Jacques Cartier Union
Jacksonville to Centralia. Ill
See Manual for 1896 p 214
So. Jacksonville to St. Augustine, Fla.
See Manual for 1895 p 193 ....
Jack., St. Aug. A Ind. Riv
Jacksonv., Louisv. A St. L ...
Florida East Coast
Grand Trunk Ry. of Can
Abandoned Aug 20 1893 . .
Enterprise Jet. to Titusville, Fla
Lachine Bk.(G.T.Ry. to Jc, C.P.Ry.).
James River Valley
Jamestown A Chautanqua . .
Jamestown A Lake Erie.
Jamestown A Northern
Jamest'n A North. Kxtens. . .
Jamesville A Washington.. . .
Jefferson ville. Mad. A Ind. . .
Jellico. Bird Eye A No
Jamestown to Oakes, N. D
See Manual for 1901, p. 178
See Manual for 1898. p. 72.
Jamestown to Minne'n, N. D., A br. . .
Minnp\vaukan to leeds N. D
July 25, 1896.*
Reorg. Sept. 25, 1900.
Dec. 30, 1898.*
Jamest'n, Chaut'q. A L. Erie .
Jamestown A Chautauqua . . .
Northern Pacific
Merged Sept. 1, 1896.
Washington to Cherry Mills, N. C.
f Louisv., Ky., to Indiaaap.. Ind., )
1 and brs. (See Manual for 1890). j
Halsey. Ky to Jellico Tenn
Pitts., Cin., Chic. A St. L
ConsolrOct 1. 1S90.
Acquired 1901-1902
Consol. Aug. 28. 1891.
Consol. Aug. 28. 1891.
Purch. Nov. 1, 1892.
Leased: pract'lycon.
Merged Mav 20, 1899.
Merged June 5, 1895.
l>roprietarv road.
Merged Feb. 25, 1899.
Merged June 1, 1899.
Jersey City, New A West. . . .
Jersey Cit v TenninaL
No road built by this company
Lehish Valley Terminal
Maccan Sta. to Joggins Mine, N. B. . .
At Joliet. Ill
Sheridan to Paw Paw 111
12.00
25.61
19.54
1.25
4.59
151.53
88.01
7.48
7.56
9.W
10 on
134.00
14. 1C
Can. Coals A Ry. Co. (Ltd. ).. .
Chic., Lake Shore A East'n . . .
Chic., Burlington A Quincy. . .
Erie A Wyoming Valley
Missouri Pacific
Union Pacific
Joliet A Blue Island
Joliet. Rockford A Northern.
Jones Lake
Lake Junction to Lake Ariel, Pa. ....
J. A W. Jet. to Grand Falls, Mo
.lulesburg to La Salle, CoL
See Manual for 1899. p. 658
JiilesburgBr.(U. P., D.AG.)
June. City A Ft. Kearney. . .
Jupiter A Lake Worth
Ka:it«-i>k ill
Termini not reported
Kaaterskill Jet. to Kaatewkill, N. Y. .
j Fairfield to Acme, W Va
Abandoned 1895-6
Ulster A Delaware
Consol. Jan. 1, 1902.
Purchased 1901-02.
March 4. 1890.*
Proprietary road.
Kanawha A Ohio
Kanopolis A Kansas Central
i Steven's Mines to Coalbiire, W. Va.
Corning, 0.. to Maiden. W. Va
Geneseo to Kanopolis, Kan. . .
Kanawha A Michigan
Missouri Pacific
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
105
NAME OF OLD COMPANY.
TERMINI OP COMPLETED ROAD
AT THE TIME OF ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME OP COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Kansas & Colorado Pacific . .
Proprietary lines of Mo. Pacific
f Salina, Kan., to Ness Co. Line
126.00
IK * (' 1 P 'fi
Consol. Dec. 27, 1890.
Absorbed Dec. 20. 1899.
Kansas & Southeastern
Kansas <t Texas Coal Ry
| Monon to Great Bend
See Manual for 1900, p. 460 :
\rdmore to Bevier. Mo
^eavenworth to Miltonvale, Kan
VTo. Kansas City to Smithville, Mo. . . .
Summerficld, Kan., to Virginia, Neb.
Air Line Jet. to Independence, Mo. . . .
Cansas City & Independence, Mo
See Manual for 1902 p 495
10.00
' " 8.00
165.35
20.20
20.14
5.58
9.00
.Atchison, Top. A Santa Fe. . ..
Missouri A Louisiana
Leavenw., Kan. AW
Kansas City A North. Con. . . .
Kansas City Northwestern. . .
Kansas City Southern. . . .
tune 25, 1897.*
Purchased Jan., 1897.
Purch.' Jan. 1, 1902."'
Kansas City & Atlantic
Kansas City & Beatrice
Kansas City* Ind. Air Line.
Kans. City & Ind.Rap.Trans.
Kansas City & North. Conn. .
Kansas City & Omaha RR . .
Kansas City & Omaha Ry. . .
Kansas City & Pacific
Kansas City & Southern. . . .
Kansas City & Southwest. . .
f See Gen. Index — Dept. of )
Kansas City, Peoria A Chicago
Kansas City A Omaha Ry. . . .
Chicago, Burlington A Quincy
Missouri, Kansas A Texas. . . .
Kan. City, Osceola A South. . .
St. Louis A San Francisco. . . .
Chic , Rock Island A Pac
Rails taken up in 1 898
Reorganized in 1901.
July 8, 1896.*
forged July 1, 1002.
Consol. Nov 24, 1899.
April, 1891.*
Dec. 19, 1896.*
Purch. Jan. 1, 1890.
See Manual for 189o, p. 944
See Manual for 1896, p 944
5aola to Stevens, Kan
193.68
19368
130.06
111.39
61.86
Beaumont to Gale, Kan
Kar«as City, Ark. AN.Orl.
Kansas City Bridge A Term .
Kansas City, Eldorado & So
Kansas City. El Paso A Mex.
Kansas City, Kmporia & So. .
Kansas City. Ex. Spgs. & No.
Kansas City, Ft. Smith A So.
Kans. City. Nev. & Ft.Smith
Kansas City, Osceola & So. .
Kans City. Pitteb &Gulf ..
Stuttgart to Worthen Jet., Ark
7.00
6.00
14.00
10.00
84.27
9.50
51.10
7.10
57.45
146.90
813.66
310.85
240.22
13.45
66.32
101.20
129.39
11.61
106.40
130.00
17.87
50.60
5935
6572
800
257
18.28
14.16
6.91
8.45
1950
247.65
40.00
16.00
100.00
19.10
48.09
42.33
14280
110.67
8.00
9.00
4.00
5.00
4.00
2.50
5.27
51.30
13.30
6.27
16.23
16.23
79.71
10.0C
25.0C
n Kansas City, Mo
"Idorado Springs to Walker, Mo
•A Paso to Lanoria. Tex
Kansas City A Atlantic
Missouri, Kan. A Texas
El Paso A Northern
Atchison, Top. A Santa Fe. . ..
Wabash
June 13, 1893.*
Acquired Oct. 24, 1899.
'Jame changed in 1892.
Merged Oct., 1899.
Purch. Apr. 1, 1901.
^urchased in 1833.
Name chgd. Jan. 26. 1893.
Acquired June 1, 1900
Reorg. March 19. 1900.
Purch. Jan 1,1901.
Merged Mar. 19, liXX).
Purch. Jan. 1, 1902.
Mer^d Feb. 15, ISiW.
June 1, 1902.*
Dec. 29, 1893.*
Merged Oct. 1,1900.
Consol. Dec. 27, 1890.
Acquired Nov. 15, 18*9.
Absorbed July 2, 1900.
Purchased in 1901
Absorbed Nov. 1, 1898.
ixcel Spgs. Jc. to Milwaukee Jc., Mo .
f Joplin. Mo., to Sulphur Spgs., Ark. .
\ Splitlo" Jet to Splitlo"-, Mo
| Kan. City, Pitts. A Gulf. . . .
Kan. City, Pitts. A Gulf.
St. Louis A San Francisco. . . .
jrand View to Hume, Mo
Knoche Junction to Bolivar, Mo
See Manual for 1900 p 658
Kansas City, St. Jos. A C. B.
Kans. City. Shreve. & Gulf. ..
Kansas City Suburban Belt. .
Kansas Citv, Top & West. . .
Kans. City. Watkins & Gulf .
Kan. C.,Wyand. & Northwes
Kansas Midland Ry
See Manual for 1901 p 216
Chicago. Burlington A Quincy
Kansas City Southern
Kansas City Southern
Atchison, Top. A Santa Fe. . ..
St. Louis, Watkins A Gulf
j- Kansas City Northwestern .
St. Louis A San Francisco. . . .
See Manual for 1899, p. 555
irush Creek. Mo., to Kan. State Line .
Kansas Citv. Mo., to Topeka, Kan. . . .
See Manual for 1901. p. 447
f Kansas City to Summer-field, Kan. ..
\ Menager Jet. to So. Leaven., Kan. . .
Kansas. Nebraska A Dak . . .
Kansas, Oklahoma A Gulf. . .
Kan., Oklah. Cen. A So'west
Kansas Southwestern
Kearney & Black Hills Ry. . .
<Y>rt Scott to Topeka, Kan
Cale to Blackwell, 0. T
See Manual for 1900. p. 460
?ale Jet to Anthony, Kan
Kearney Jet. to Callaway, Neb
St Louis A San Francisco ....
Atchison, Top. A Santa Fe. . ..
Atchis-in, Topeka A Santa Fe .
No longer in existence
Keithsburg Bridge Co
Kendall & Eldred
Tracks at Mississippi River
Purchased July, 1901.
Operations suspended
Kennett & Osceola
Kennett to Arbyrd, Mo
See Manual for 1902, page 673
Louisv., Ky., to N. Albany, Ind., & br.
St. Louis A Gulf
Connecting
Ky. A Indiana Bridge A RR. .
Consol' Mav i. 1902.
Merged Jan. 1.1902.
Reorg Aug. 30, 1900.
Consol. Julv 1.1902.
Purchased Feb. 1, 1891.
Jan. 4, 1897.*
March. 1894.*'"
Purch. Dec 3, 1901.
Purch. June 17, 1889.
Absorbed Jan. 1.1901.
Purch. Jan. 1, 1901.
Consol. June 8, 1893.
Kentucky & Indiana Br. Co .
Kentucky & South Atlantic-
Kentucky Central
See Manual for 1901, p. 418
Louisville A Nashville
Frankfort A Cincinnati
Kentucky Northern
Kentucky Union
Kentucky Western
Keokuk & Northwestern. . . .
Keokuk & St Paul
Rodburn to Pine Springs, Ky
Lexington to Jackson, Ky
Dixon to Blackford, Ky
Abandoned in 1900
Lexington A Eastern
St. L., Keokuk, A Northw
Chic., Burlington A Quincy. . .
>• Chic., Burlington A Quincy
[• Ketner, St.Mary's A Shaw. .
Keokuk & Western
j Alexandria, Mo., to Van Wert, la. . .
1 Des Moines, la., to Caiwville, Mo. . .
\ Ketner Jet. to Swamp Creek, Pa —
Ketner, Elbon & Shawmut.. .
Ketner, S. M. A Shawmut. . .
Kettle River
Keyport
Keystone Coal Co.'s RR
Kickapoo Vy. & Northern. .
KiMare A Linden
i Ketner Jet. to Wrights, Pa
1 Glen Hazel Jet. to Water's Camp. . .
Termini not reported
Termini not reported
Termini not reported
La Farge to Wauzeka, Wis
Kildare to Linden, Tex
Abandoned 1891-92
' Freeh'd A Atlantic Highl'ds.. .
Abandoned. 1894-95
Wisconsin Western
Abandoned in 1900
Abandoned 1896 97
Consol. Jan. 1, 1890.
Purch.' Nov.'24.'i899. '
Kilkenny Lumber Co RR
Kinderhook A Hudson
Kimlcrhook & Hudson
Kingman, Pratt & Western.
Kingston & Adelphi
See Manual for 1899, p. 225
Hudson to Niverville, N. Y
Kingman, Kan., to W. Line.Kiowa Co
Kingston to Adelphi, 0
Laurel to Bay Springs, Miss
Albany A Huds. Ry. A Pow. .
1 Kinderhook A Hudson
I Wichita A Western
Marietta, Hock. A North
Mobile, Jackson A Kansas Cy
Tennessee Central
Reorg. Sept 13. 1899.
April 11.1891!.*
Cuns.d. Jan. 1, 18S9.
Purch. May 17, 1893.
Purchased in 1902
Consol. Apr. 15. 1902.
Consol. Jan. 1, 1897.
Kingston A Cent Mississippi
Kingston Bridge A Ter. Co. .
Kingston, Nap. A Western. .
J Tweed to Napanee, Ont
49.4;
1137
I Yarker to Sydenham, Ont
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
106
HOOK'S MANUAL OF RAILIIOADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME or OLD COMPANY
TERMINI or COMPLETED ROA
AT THE TIME or ITS ACQUIRE
MCNT.
LENGTH m
MILES.
NAME or COMPANY
BY WHICH ACQUIRED, 01
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Kingwood 4 Tunnelton. . ..
Tunnelton to Kingwood, W. Va
See Manual for 1899 p 226
11. Of
10.0C
8.0C
Tun., King. 4 Fairchance
Abandoned
May5, 1888.*
K Milwaukee Miner. Springs.
See Manual for 1899 p 226
Abandoned, 1899
Bath to Rockland Me
•4V
16.0C
14.00
65.3G
4.02
74.52
"Vi'.ii
38.74
74.00
7.00
22.01
0.55
6.50
11.00
8.00
36.00
20.00
10.00
17.28
26.50
10.00
13.00
Maine Central
Merged Feb. 20, 190! .
Acquired by pur
Knoxville & Augusta
Ktioxville A New River
Knoxville to Mary ville, Tenn
bobbins to Leak'/ s Mills, Tenn
t Knoxville to Jellico, Tenn
Southern
Road abandoned, 1894-5 .
See Southern Ry.
Merged June, KK
Cunsol. Nov. 25. ls«).
March 11. 1883.*
Nov. 18, 1832.*
Owned by D. 4 H.
Voprietary road.
Knoxv.. Cum. Gap 4 L'v'Ue.
Knoxville Southern
I^trkawanna & Pittsburgh. .
Lacka wanna 4 So1 western. ..
I.ackawanna & Susquehanna
Lafayette
) Coal Creek to Cambria, Tenn
See Manual for 1893 p 797
Southern
See Manual for 1899
I Belfast Jet. to Perkinsville, N. Y. .
1 Angelica to Olean, N. Y
Marietta 4 North Georgia
r Lacka wanna 4 Southw'n . .
J Central N. Y. 4 Western . . .
Delaware 4 Hudson
Central of New Jersey
) Wayland to Olean, N. Y
1 Angelica to Belfast, N. Y.
f uneven, N.Y , to Jefferson Jet., Pa. . .
Lafayette to Griffing Iron Works . . .
Wabash . .
Abandoned, June 30, 1893 . . .
Like Creek.
lontgomery to Hard Thicket, Tex. . .
Road abandoned, 1894-95 . . .
Uke Erie, AIL 4 Southern. .
Lake George 4 Muskeg. Riv..
Lake Michigan & Northern . .
bike Shore
3hio River 4 Lake Erie
Road abandoned
Jan. 3, 1895.*
ermini not reported
^akeport to Alton Bay, N. H
touffv. Jet. to Jackson's Point, Can. .
ilenbrook to Summit, Nev
Termini not reported
Abandoned, 1893-7
Concord 4 Montreal
Grand Trunk of Canada
Lake Va'ley . .
'roprietary road.
?onsol. in 1893.
)wned by same parties.
Lake Sioicoe June
Lake Tahoe.
Lake Valley
Abandoned, 1836-97
Lancaster 4 Cecil . .
Childs to Providence Mills, Md
4,00
21.00
15.30
Lancaster, Cecil 4 South. ....
Lancaster 4 Hamden.
unc. C. 4 M. Ry. to Bloomingv., 0. ...
Lancaster to Quarryville, Pa.
Col'bus, Lancaster A- Wellst. ..
Lane. 4 Reading Nar. Gauge .
Abandoned, 1896-97
n 1895.*
Reorganized in 1S94.
LaPorte, Houston 4 North' n.
Ijaramie, No. Park 4 Pacific.
! :iiird 4 Northwestern
Houston to La Porte, Tex
22.00
13.33
20.00
3.50
2.50
9.47
11.50
18.40
31.90;
1.00
Calves' n, La Porte 4 Houst'n.
Abandoned
ConsoL Jan. 23, 1835.
Laramie, Wyo , to Soda Lake
•>ee Manual for 1901, p. 446
Gulf 4 Ship Island.
Merged.
Laurel Fork 4 Sand HilL . . .
Laurel River 4 Hot Springs .
I-aurel Run
-aurel Fork Jet. to Volcano, W. Va. . .
[ot Springs toward Laurelton, N. C. ..
Abandoned in 1898.
Road abandoned
Abandoned, 1831-92
Laurens
Newberry to Dover Jet., S. C
Columbia, Newb. 4 Laurens. .
Purchased in 1836.
Lawrence 4 Emporia
awrence to Carbon Hill, Kan
Abandoned March 22, 1834. . .
Lawrenceville Terminal
Lawrence, Emporia 4 South.
Leavenworth Depot 4 RR. ..
Leaven worth 4 St. Joseph . .
Leavenworth, No. 4 South . .
I*avenw., Top. 4 Southw. . .
Lebanon Springs
ittsburgh Jet. RR, to Alleg. Vy. RR..
Abandoned 1901
Kan. Citv,Lawrence& \Vich. .
Kansas City Northwestern. . .
Reorg.July, im
3ee Manual for 1901, p 503.
Bee Creek to Beverly, Mo
23.66
46.13
46.57
57.20
500
Chicago Great Western
SVilder to Cummings Jet., Kan.
Atchison, Top. 4 Santa Fe. . .. i
Leavenworth 4 Topeka
Merged Feb. li. IS (3.
Reorg. Dec. 29. 1s®).
Reorg. Oct. 19, KM
3ee Manual for 1900, p. 540.
hat ham to Lebanon, Vt
Chatham 4 Lebanon Vy
Lchigh 4 Pavilion
/ehigh Salt Mines to B R 4P Ry
Leon.Mt.Ayr 4 Southwest'n
Lima
Leon to Grant Citv, Mo
57.72
46.22
4.00
4.00
80.00
157.34
10.30
8.50
51.60
1100
{• Chic., Burl' ton 4 Quincy. . .
Merged Jan. 1,1931.
Bethany Jet. to Albany, Mo
jma to Honeove Falls, N Y
Lima 4 Honeoye Falls.
Lima Northern
Lincoln 4 Black Hills
Lincoln Park 4 Charlotte. . ..
Litchfield Belt
ima to Honeoye Falls, N Y
Nov. 28. 1S96.*
Vame died. May, '97.
Perpetual lea«e.
Merged 11)01-02.
Jma, 0., to Detroit Jet., Mich
see Manual for 1898, p. 382
incoln Park to Charlotte, N. Y. . .
tLitchfield 111
Detroit 4 Lima Northern
3hic., Burlington 4 Quincy. . . '
Buff., Rochester 4 Pittsburg .
\bandoned 1893-94
Litchf., CarroHton 4 West. . .
Little Book Cliff.
olumbiana to Barnett, I1L
Quincv, Carrollton 4 St. L . . .
Col Wyoming 4 Gt North . .
Reorg. Feb. 7. 1899.
Purch. Nov. 9. 1894.
rand Junction, Col to Mines
Little Falls 4 Dakota
Little Rock 4 Memphis.
Little Rock 4 Texas.
/ittle Falls, Minn., to Morris, Minn. . .
.ittle Rock, Ark., to Memphis, Tenn..
>ee G°neral Index
88.78
135.00
18.34
4.00
3.00
9.30
15.12
10.33
68.83
12.03
8.41
13.80
13.25
2.7 •>
51.30
17.7f
6.10
5.50
Merged Sept. 1, 1896.
Reorg. Sept. 15. 1838.
Proprietary road.
Reorg. Aug., 1899.
Merced June 25, 1897.
Merged Dec. 31. 1X92.
Merged Nov. 27. 1895.
Merged Feb. 8, 1902.
Consolidated in 1893.
Nov. 28, 1833.*
Proprietary road.
Reorg! April 20! 1901.
Shoctaw 4 Memphis
3t. Louis 4 San Francisco ....
Little Rock 4 Hot Spgs. West .
West Side Belt
Hanover 4 York.
Uttle Rock. Hot Spgs. 4 Tex.
Little Saw Mill Run
•iee Manual for 1899 p 606
ittsburgh to Banksville Pa
Litt lestown
fianover. Pa., to Kingsdalc (Md.Line)
Ixxjkport 4 Buffalo. . .
<ockport to Tonawanda, N. Y
/ogansville to Lawrenceville, Ga
c. 4m. W. of Lon., to Winsham, Ont. .
Manahawkin to Beach Haven, N. J..
Barnezat City Jet. to Barnegat,N.J.
erman Valley to Port Oram. N. J
erman Valley to Port Oram, N. J. . . .
t. Kl-no, T nn., to \at -r il Bridge. . .
see Manual for 1900. p. 648
«d >ndo to L"9 AnT:'l"S, Cal
•ittsfield Junction to Pittsfield. Ill ...
'rippe Junction to Auburn. Ark,
Erie
Seaboard Air Line
Grand Trunk of Canada
Logans ville 4 Lawrenceville.
London, Huron 4 Bruce. . . .
Long Beach.
' Phila. 4 Beach Haven
Central RR. of New Jersey. . .
Centra' RR. of New Jersey. . .
Dppt. of Str-^et R'-s
San Pedro, Salt Lake 4 Los A,
D^pt.i'f Street R- s
Long Valley
Loogwood Valley
Lookout Point Incline Co. . .
Lo» Angeles Terminal Ry
Lo* \nteles 4 R-d >nd >
Louisiana 4 Pike County. . . .
Louisiana, Ark. 4 Missouri.. .
Wabash
Manual for 1818. p. S10.
suspended, 1893-9}.
Cons' tive opera, indefinitely. .
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continual.
107
NAME OF OLD COMPANY.
TERMINI' OF COMPLETED ROAD
AT THE Tl.ME OF ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQUIRED, on
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHBV AND How
ACQUIRED BT EXIST-
ING COMPANY.
Louisiana Central
Louisiana Nickel Plate
Port Allen to Musson, La
In State of Louisiana
22.00
8.00
20.00
10.00
16.40
13.38
180.60
364.68
42.19
451.40
797.98
4.13
166.32
123.20
12.50
5.00
39.50
3.00
115.03
11.50
10120
104.20
12.40
167.54
24.50
59.00
1.23
3.50
34.36
230.12
25.00
17.00
10.00
42.00
Abandoned
Sibley Lake Bistineau & So
Louisiana North A South . . .
Gibsland to Homer, La
Reorg. Jan., 1890.
Merged Nov.. 1901.
Purch. Aug. 15, 1898.
Reorg. Jan. 1, 1889.
Consol. May 21, 1889.
Acquired Dec. 24, 1900.
Purch. Aug., 1892.
March 10, 1897.*
Purchased in 1892.
Branch line owned..
May 4, 1896.*
Merged Aug. 31. 1894
Merged in 1899.
Louisburgto Franklinton, N. C.
Centralia to Drivers, 111
Louis., Evans. & St. L. cons. ..
Cincinnati & Dayton
I.niii-'ville, Cin. & Dayton. ...
Hamilton, 0., to Middleton, 0
L'.'uisv.. Evansv. A St. Louis
L'liiLs., Evans.& St.L. consol
I.'".;isv., Hards'b'rgA West .
l.'iiiisv., New Albany A Cnic
Louisv. New Orleans & Tex .
Louisville Ry. Transfer
Louisv., St. Louis & Texas . .
I N.Alb., Ind., to Mt. Vernon, 111., & 1
1 brs.(SeeManual for 1899,p.474) t"
See Manual for 1900, p. 661
Irvington to Fordsville, Kv., & br. . . .
See Manual for 1897 p. 107
Louis., Evansv. & St. L. Con. .
Southern Ry. Co
Louisville, St. L. & Texas. . . .
Chicago, Indiana & Louisv. . .
See Manual for 1892, p. 763
E. Louisville to S. Louisville, Ky
See Manual for 1896, p. 231
See Manual for 1893 p 383
Louisville & Nashville
Louisv., Henderson & St. L. . .
Lowell to Freeport, Mich
Gd. Rap., Belding & Saginaw .
Lowell Logins
Lower Laurentian Ry
Lutherv. & Colony Mount. . .
Lynohb'jrg & Durham
Macon & Atlantic
Mac >n & Northern RR
Macon A Northern Ry
Madison, Alton & Ciiicago. . .
Logging RR
St. Tite Jet. to Riviere a Pierre, Que. .
Termini not reported
Lynchburg, Va., to Durham, N. C. .
Bruton, Ga., East
Macon to Athens, Ga
Great Northern of Canada. . . .
No longer in exist., 1895-% . .
Merged 1900.
Norfolk & Western
Merged Oct. 6. 1896.
Reorg. Nov. 30, 1892.
Dec. 16, 1894.*
Merged Oct. 17, 1895.
Atlantic Short Line
Macon & Northern Ry.
Macon to Athens, Ga
fer.nmi not reported
Malone N Y. to International Bdy. ..
Central of Georgia
Abandoned, 1896-97
St. Lawrence & Adirondack. ..
Atlantic Coast Line of S. C . . .
Concord & Montreal
Consol. Nov. 18. 1895.
Consol. July 18, 1898.
Proprietary road.
Absorbed May 1, 1902.
Proprietary road.
Merged Oct., 1890.
Consol. Dec. 5, 1895.
June 4, 1896.*
Purch. Nov. 1, 1883.
Manchester <fe Augusta
Manchester & No. Weare. . . .
Manistique & Northwest. . . .
Manufacturers' Extension. . .
See Manual for 1899, p. 396
Manchester to Henniker, N. H
See Manual for 1902 p 427
Manistique Mar. & North
Central RR. of New Jersey. . .
Albert St to Rope Works
Maricopa & Phce. & SaltR.Vy.
Atlanta Knoxv. & Nor
Marietta & North Georgia. . .
Marietta, Columbus & No... .
Marietta, Hocking & North. .
See Manual for 1896, p. 1512
1 Marietta 0 to Big Run 0
{• Toledo* Ohio Cent. Ext. ..
1 Stewart 0 to Joy 0
See Manual for 1899, p. 382
Marietta to Joy 0
Toledo A Ohio Central Ext.. . .
Baltimore A Ohio Southw. . . .
Name ched. Nov. 19, '»i.
Marion & McPherson
Florence to Ellinwood, Kan
98.61
20.75
32.01
8.78
0.14
0.15
133.69
23.39
44.40
7.50
12.00
22.18
5.50
"id'go
28.00
1.47
20.50
27.00
4.00
6.00
17.70
10.00
292.00
3.01
2.01
Atchison, Top. A Santa Fe. . .
Boone, Rockwell C. A N. W . .
Merged Oct.. 1889.
Reorganized in 1901.
Purch. April 1. 1901.
Manual for 1897, p. 20.
Merged Feb. 26, 18%.
Merged Feb. 26, 18%.
Purch. July 17, 1890.
Purch. July 17, 1890.
ConsoL April 21, 1891.
Reorg. April 17. 18%.
Sept. 1, 1892.*
Consol. May 17. 1888.
Acquired 1901-'02.
Acquired Sept. 1. 1900.
Marsh illtown A Dakota ....
Marshfield & Southeastern. .
Fraser to Gowrie, la
Marshfield to Nekoosa, la
Cottage City to South Beach, Mass . . .
June. B. D. RR., to N. J.-Pa. Line. . . .
See Manual for 1896, p. 730
Operations suspended; See
Belvidere, Delaware
Belvidere, Delaware
Duluth, So. Shore A Atlantic .
Duluth, So. Shore A Atlantic..
Martin's Creek RR. of N.J...
Martin's Creek RR. of Pa ...
Marq ictt?, Hough. & Onto. .
Man land Central
Mary Lc-c C >al A Ry
Mas >n County Central
Massena Springs & Ft. Cov.. .
Massill.m RR
Marquette to Ishpeming, Mich., & brs.
Baltimore, Md., to Delta, Pa
See Manual for 1893, p. 396
Shelton Southwestern
Ft. Covington to Massena Sp'gs, N. Y.
Navarre to Warwick Mines, 0
United States A Canada
See Wheeling A Lake Erie. . . .
Matt i n & Kvansvillc
Maxton. Alma A Rowland.. .
MC lOosport & Belle Vernon.
McKeesport & Bessf-mer
Mcailville A Linesville
Mechanicv. & Ft. Edward. . .
Mecosta
Mattoon, 111., to 111. and Ind. Line
Maxton to Rowland N C
Reynoldton to Belle Vernon, Pa
Coch.Sta.(P.V.&C.)toMcKeesp., Pa .
Meadville to Linesville, Pa
Mechanicville to Ft. Edward, N. Y . . .
( Byers, Mich., to Austin, Mich
Pittsb., McKeesp. A Yough. . .
Pittsb., Va. A Charleston
Meadv., Conn. L. A Linesv. .. .
Abandoned 1894-5
Consolidated 1891.
Consolidated in 1894.
Purchased 1891.
} Abandoned in 1890
Mchcrrin Valley
Memphis & !3in?ham. Belt. . .
Memphis 4 Charleston
Margarets'v., Va., to Hicksford, N. C. .
1
Abandoned in 1895-6
See Manual for 1898, p. 800
1 Junction to Menominee, VV is
Purch. Feb. 20, 1898.
Merged in 1893.
j- C., St. P., Min. A Omaha...
Out of existence
I Junction to Cedar Falls, Wis
Meriden, AVaterb. & Ct. Riv.
Mrtnij) >litan Elevated
ernavaoaA Pacific .
Mexican National RR
Middle A East Tenn. Cent. ..
Georgia 4 Atlantic. . .
Mi 1 !! • Tenn. & Ala
Midd:eb.,Hi«thland4L.But.
"h Belt
) Cromwell to Waterbury. Conn
I Centre St. Ext. Meriden, Conn
Elevated lines in New York City
Mexico City to Balsas River, Mex. . . .
See Manual for 1902, p. 836
Gallatin to Hartsvilie, Tenn
29.50
0.84
18.08
182.00
1,121.76
12.00
64.59
46.30
10.00
22.00
10.15
j-Middlet'n.Mer.AWater...
Manhattan
Mexican Central
National RR. Co. of Mexico . .
Opera, susp. ; See Manual for
Central of Georgia
May 18, 1896.*
Merged Mav, 1894.
Merged Nov. 1.1902.
Reorg. Feb. 24, 1902.
1897, p. 184.
Purch. Dec., 18%.
Purchased.
See Manual for 1897, p. 184
Nashville. Chr tt. A St. L
Abandoned, 1890-1
Around Middlesborough, Ky., & brs. ..
Middlesborouzh to Coal Mines. Tenn. .
Middlesborough. •
Aug. 22, 1895.*
Purchased April, 18ft).
Muldlebureh RR . .
Louisville A NashVille
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
108
POOR'S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME or OLD COMPANY.
PKKMINI or COMPLETED ROAD
AT THE TIME or ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY Kx INT-
ING COMPANY.
Middletown * Cincinnati
Midland* Hubbard.
Midland (Can.)
Midi mil ( I mi )
Middletown to Middletown Jet.. 0
Termini not reported
For mile., see Manual for '93, p. 1 1 13. .
Anderson to Brown's Vallev, Ind
13.95
479. ii
74.00
Cincinnati, Lebanon A Nor. .
Abandoned
Purch. Dec., 1902.
Grand Trunk Ry. of Can
Chicago A Southeastern
Consol. in 1893.
Feb. 1, 1892.*
Consol. Oct. 1, 18%.
See page 611.
Consol. 1899.
Min'm A Centre County
Mill Creek Flume A Mfg. Co.
MB] Creek Valley
Milk-n & Southern
Mi!!e»b. Ashl'dAGreenw...
Miltim A Siitlii'rlin
1 »'wi>t'>wn.lct. to.Milrov. 1'a
Walla Walla to 1 )udley A Dixey. Wash.
See General Index
Sutherlin, Va., to Milton, N. C
Shreve to Jeromeville, 0
Sutlierlin, Va., to Milton, N. C
See Minual for 1899 p 369
12.43
13.40
6.50
13.50
6.50
103.89
426.30
20.16
17.33
22.45
733.04
14.60
5.25
371.85
20.00
21.00
26.00
45.82
14.00
3.25
5.00
27.00
11.00
1.33
0.61
28.00
161.70
29.85
8.50
19.00
6.80
122.01
178.49
31.00
7.00
15.80
1.40
18.72
17.90
8.99
' '388.36
79.65
10.35
1.00
Sunbury A Lewistown
Oreg :n RR. A Nav. Co
Pittsb., Shawnmt A North. . ..
Road abandoned
Vshland & Wooster
Purchased Mar. 2, IV 7
Acquired July i:'
Purch. Julv 1,1893.
Absorbed in Oct., 1900.
Leased, virtnallv coiix 1
Purchased 1898.
Merged Sept. 1, 1893.
Dec. 11,1891.
Name cl>gd. 1897-98.
Oct. 11. 1894.*
Absorbed Feb., 1899.
Purch. in 1901.
June 25, 1896.*
Purch. June 5, 1902.
AWrhoH 1S9Q
Road abandoned
Milwaukee A Lake \Vinneb. .
Milwaukee A Northern
Milwaukee A Superior
Milw.. Hav View A Chicago. .
Milw.. Dexterville A Nor
Milw., Lake Shore A West. . .
Milw.. Meno. Falls A West...
Minden
Minneapolis A St. Louis Ry. .
Minneap.. X. t'lm A S'w'n.. .
Minnesota A Wisconsin KK .
Minnesota A Wisconsin Ry. .
Minnesota Western
Minn Belt Line A Trans. Co.
Sec Manual for 1894, p. 412
Granville to North Lake, Wis., A brs. .
At Milwaukee, Wis
Dexterville to Lvnn, Wis
See Manual for 1893, p. 824
Granville to Sussex, Wis., A brs
Minden to Siblev, La
See Manual for 1894. p. 921
Winthrop to Cottonwood River
Emerald to Spring Valley, Wis
Spring Valley to Emerald, Wis
Evan to Marshall, Minn
See Manual for 1899 p 669
Chic , Milw. A St. Paul
Chic , Milw. A St. Paul
Chic., Lake Shore A East'n . . .
Chic.. Milw. A St. Paul
Chicago A Northwestern
Arkansas, I A. A Southern. . . .
Minneapolis A St. L. RR
Minneapolis A St. Louis
Chic., S. P., Minn. A 0
Minnesota A Wis. RR
Chicago A Northwestern
Termini not reported
Road abandoned, 1893-4
\Iiv.i<sippi A La Fourche. . . .
Mississippi A Little Rock
Miv. Itiv. A Northwestern. ..
Lauderdale to Belle Alliance, La
See Manual for 1897, p. 214.
Termini not reported
i Pike, 111., across the Mississippi to (_
Texas A Pacific Absorbed in 1900.
Opera, susp.; See Manual for 1897, p. 214.
Chicago A Alton
Atchison, Top. A Santa Fe. . .•
Purch. April 29, 1895.
Merged June 1,1000.
Consol. 1899.
Merged Mav 20, 1896.
Acquired May 20. 1902.
Absorbed Mar. 9, 1901.
Consol. Dec. 27, 1890.
Consol. 1898.
Nov. 25, 1895.
Purch. Dec. 17, 1900.
Purchased.
Mississippi River Bridge. . . .
Miss.liiv.HR. A Toll Bridge.
St Albans to Richford Vt •
Missouri. Kansas A Eastern .
Missouri. Kan.A Northwest.
Missouri Midland
Missouri Pac. Ry. in Neb: . . .
Missouri Southeastern
Missouri, Kansas A Texas. . . .
Missouri, Kansas A Texas. . . .
Missouri, Kansas A Texas
L'olumbia to McBaine, Mo
See statement of Missouri Pacific
Zeta to Bloomfield, Mo
Columbus, Ga., to Searight, Ala
Mobile to Montgomery, Ala
Cape Gir., Bloomf. A So
Mobile A Girard.
Louisville A Nashville
Louisv., New Orl. A Texas . . .
See Dept of Street Rys
Mobile A Spring Hill
At Mobile Ala.
Mnnadnork
MonnnKa'l.i Riv. A Sts. Run.
Monroe A Toledo
Mont Alto ....
Winchendon, Mass., to Peterb., N. H. .
See Manual for 1895, p. 193
Termini not reported
Waynesb.. Pa., to Jc. Cumb. Vy. RR. .
Stuart to Anaconda, Mont
See Manual for 1900, p. 577
General Trevino to Tampico, Mex. . . .
Montgomery to Eufaula, Ala
Prattville Jet. to Prattville, Ala
In Montgomery, Ala
See Manual for 1901 page 782 .
Consol. Sept. 28, 1892.
Consoj. Nov. 1,1894.
Proprietary road.
Reorg. June 7. 1901.
Absorbed Nov. 1, 1898.
Absorbed Nov. 1. 1898.
Acquired March 1,1902.
Dee. 7. 1895.*
Proprietary line.
Pittsb.. Va. A Charleston
Cumb. Vy. A Waynesburg
Northern Pacific
Northern Pacific
Montana Ry
Monterey A Mexican Gulf. . .
Montgomery 4 Eufaula
Montgomery A Prattvillc. . ..
Montgomery Belt Line
Montgomery Terminal .
Central of Georgia
Louisville A Nashville
Belt Ry. (Montgomery, Ah.) .
Montpclier A White River. . .
Moore County
Montpelier to Barre, Vt
Aberdeen to Craigrownie, N. C
Aberdeen to Craigrownie, N. C
6.00
12.50
12.50
30.00
15.72
40.00
6.00
11.50
2.87
4.00
7.60
7.60
10.97
1.00
6.00
' ' 9.66
11.16
4.30
103.80
25.00
104,83
25.00
Central Vermont
Moore County A Western. . . .
Abandoned 1901
Consol. Dec. 9. 1891.
Purch. Feb. 10. 1897.
Moore County A Western. . .
Morden A Northwestern . . .
Morley A Morehouse
Morrist'n A Cumberl'd Gap. .
Mon Point A Pascagoula. . . .
Moult.AAIbia C., B.AQ. .
Monad City
St. Charles to Sperling. Can
Morley to Morehouse, Mo
Morristown to Corrytown, Tenn
Moss Point to Pascagoula, Miss .
Canadian Northern
Consol. 1902.
Consol. Mav 1.1902.
Feb. 19, 1898.*
St. Louis A Gulf
Abandoned 1903 . .
\lbia to Moravia
Abandoned in 1896
See Dept of Street Rys
Mount Gretna
Mt. Jewett A Smethport. . . .
Mt. Jewett. Clcrm, A North. .
Mount McGregor
Termini not reported
Mount Jewett to Gallup, Pa
Mount Jewett to Marvindale, Pa
Saratoga to Mt McGregor N Y
Abandoned 1893-4
Mt. Jewett, Clcr A Nor
Pittsb., Shawmut A North
Saratoga A Mt. McGregor
Cleve., Cin., Chic. A St. L
Consol. Mav 26. i897.
Consol. Aug., 1899.
Name changed June, 1890.
Owned.
MunrieBelt
At Muncie, Ind
Murfreesboro
Murray A Creston
Muskingum County ...
See Manual for 1901, p. 214...,
Wilhelm to Mill River, 0
Nantueket to Niasconsett. Mass
Ymuct to New City. N. Y
Lebanon to Montercv, Tenn., and brs
Athens to Tellieo. Tenn
See Manual for 1900. p. 428
Athens to Tellico Plains, Tenn ....
Chic., Burlington A Quincy. . .
Bella ire. Zanesv. A Cin
Nantueket Central
New York A New Jersey
Merged Jan. 1. 1901.
Purchased in 1893.
Rcorg. Mar. 29, 1895.
Purch. Feb. 20 J902.
Reorg. Julv. 1892.
Purch. April 10. 1900.
Reorg. July, 1898.
Nnntucket
Manuel A XewCitv . . .
Nashville A Knoxville. . . .
Nashville A Telliro
Nashv.. Tellieo A Chariest
Louisville A Nashville
Tellico RR
Nashv., Florence A Sheffi'd. .
Nashv., Tellico A Chariest' n .
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
POOR'S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
109
NAME OF OLO COMPANY.
TERMINI OP COMPLETED ROAD
AT THE TlME OF ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE &HOULD
BR MADE.
WHEN AND HOW-
ACQUIRED BY EXIST-
ING COMPANY.
Natchez, Jackson & Col
Xatchitoches
Natchitoches & Red Riv. Vy.
Natchez to Jackson, Miss
98.90
16.00
16.00
4.66
129.16
21.12
16.12
11.96
' 30.66
Louisv., New Orl. 4 Texas . . .
Natch. 4 Red River Vy
Texas4 Pacific
Purchased Nov., 1889.
Consol. in 1893.
Acquired March, 1901.
Proprietary road.
Cypress to Grand Ecore, La
Cypress to Grand Ecore, La
Atlantic Highlands to Highl'd Beach. .
Sioux City, O'Neill 4 West.. . .
}hic., Burlington 4 Quincy. . .
Missouri Pacific
Neb. City, Sidney & North'n.
Nebraska Southern
Hastings to Sidney, la
KergedJan. 1, 1901.
'ropr'ry line. Mo. P.
Consol. June 1, 1900.
I'ropr'ry line. Mo. P.
'ropr'ry line. Mo. P.
Reorg. Oct. 16, 1895.
Consol. Aug. 28, 1891.
Consol. Aug. 28. 1891.
Consol. Aug. 28, 1891.
Reorg. Maf. 30, 1900.
Purchased in 1893.
Purch. AprU 12, 1901.
\uburn, Neb., to Jet. Neb. City Br . . .
Schuylkill 4 Juniata RR
Jissouri Pacific
Missouri Pacific
California Eastern
^ehigh Valley Terminal
jehigh Valley Terminal
Proprietary lines of the Mo. Pac
proprietary lines of the Mo. Pac
31ake to Manvel, Cal
'Jo road built by this company
'Jo road built by this company.
No road built by this company
Nevada & Minden of Kan. . .
Newark & Passaic
Newark & Roselle
New., Somerset & Straits v . .
Newburyport City
See Manual for 1901, p. 53
3. 4 M. RR. to wfs. at Newb'p't, Mass.
Through New Albany, Ind
46.70
1.97
2.01
Ohio Midland RR
New Albany Belt & Term. . .
New Albany Highland
1.78
16.73
New Castle & Shenango Vy. .
New Castle RR. & Mining. . .
New Glasgow Iron & Coal . .
West Middlesex to New Castle, Pa. . . .
Merged Nov. 20, 1900.
In Pennsylvania
5.50
12.50
68.11
372.27
50.00
15.50
140.30
65.50
16.00
Abandoned in 1890
Eureka Jet. to Sanny Brae, N. S
Nova Scotia Steel
Atchison, Top. 4 Santa Fe. . ..
\tchison, Top. & Santa Fe. . ..
J- New Orleans 4 Southern. . .
Liouisville 4 Nashville
tfame changed in 1895.
Merged Feb. 15. 1899.
Merged Feb. 15, 1889.
March 5, 1891.*
Purchased Oct. 5, 1881.
Oct. 26, 1896.*
Reorg. April 9, 1901.
Dec. 27, 1899.
V. iv Mex. 4 Southern Pac. . .
New Orleans 4 Gulf
Sundry lines in New Mexico
J New Orleans to Bohemia, La
New Orleans & Mobile
New Orleans & Southern. . . .
New Orleans & Western
New Orl., Natch. & Ft.Smith
Mobile, Ala., to New Orleans, La
Pt. Chalmette to Shrewsb'y, La., 4 br.
'Jew Orleans Belt 4 Term. . . .
New Orleans 4 Northwest
Newry Pa to Jet. N Port 4 Pa RR
1.00
2.80
2.29
9.77
New York 4 Atl. Highlands. .
SeeC.RR.ofN.J
freehold 4 Atl. Highlands. . ..
'inisol. Jan. 1, 1890.
Merged in 1882.
Merged in 1882.
March 2. 1893.*
\ug. 28, 1895.*
Successor in 1901.
Dec. 28, 1893.*
May 20. 1898.*
June 11. 1896.*
Merged 1890.
Nov. 14, 1895.*
March 1. 1896.*
Merged Feb. 13, 1893.
Merged in 1890.
Consol. May 1. 1900.
Consol. Mar. 2. 1891.
Sept. 24. 1896.*
Reorg. June 13, 1896.
April 29. 1891.*
Merged Oct. 16. 1889.
Absorb. Nov. 1, 1899.
Proprietary line.
Consol. Feb. 29, 1896.
Consol. June 1. 1900.
Acquired by purchase.
Consol. Jan. 23, 1805.
Feb.. 1902.*
Consol. July 18, 1898.
Purch. Nov. 1. 1899.
May 25, 1895.*
Consol. July 6, 1890.
Merged April 14. 1898.
Purch. July .1897.
July 25. 1896.*
Merged Sept. 1.189*5.
See page 802.
Merged Sept. 1. 18WV
Merged Sept. 1. 189«.
Merged Sept. 1. J896.*.
Merged Sept. 1.18M.
L I. City to N. Y. 4 Flushing Jet
Pearsalls* to Point Lookout, L. I
New York & Long Beach. . . .
New York 4 Massachusetts. .
New York & New England. ..
New York & New Orange. . ..
New York & Northern
Long Island
Jet. N.Y.C.4 H.R. to Boston Cor.,N.Y
See Manual for 1895, p. 560
New Orange to Aldene 4 Roselle, N. J.
1 New York to Brewsters, N. Y. . . . 1
1 Van Cort. Jet. to Yonkers, N. Y. . J
Gaines to Galeton, Pa
34.99
360.56
4.19
57.16
5.00
Poughkeepsie 4 Eastern
*Jew England
•Jew Orange Four Jet
New York 4 Putnam
New York & North Penn
New York & Sea Beach
N. Y. Cent. & Niagara Riv . .
N. Y., Lake Erie & West
New York, Penn. & Ohio. . . .
N. Y., Prov. & Boston
Galeton 4 Eastern
Brooklyn to Coney Island, N. Y
N. Y. Central RR. to Niagara Riv. . . .
See Manual for 1895, p. 580
See Manual for 1895, p. 580
Prov., R. I., to New Lon., Ct., and brs
Canandaigua to Susp. Bridge, N. Y.. . .
See Manual for 1900 p 347
6.00
2.81
551.13
429.59
80.28
98.46
111.33
17.90
1,327.66
17.90
73.05
0.97
5.30
39.40
4.62
50.46
47.82
10.00
26.11
15.69
84.50
103.11
39.04
56.50
22.00
53.72
54.00
• 2.50
2,236.77
19.18
354.64
36361}
N. Y. Cent. 4 Hudson Riv. . . .
Erie
^Jypano
N Y., N. H. 4 Hartford
Niagara Br. & Canandaigua.
Norfolk & Carolina RR
N. Y. Cent. 4 Hudson Riv. . . .
Atlantic Coast Line RR. Co. . .
Norfolk, Albemarle 4 Atl. . . .
Norfolk 4 Western Ry
Norfolk & Virginia Beach. . .
Norfolk & Western RR
Norfolk to Virginia Beach, Va
See Manual for 1896 p 683
Norf., Albemarle & Atl
Norfolk Southern
Norf., Va. Beach 4 South'n. . .
[ Norfolk 4 Southern
I Berkley, Va., to Edenton, N. C
Norfolk Terminal
Norfolk 4 Western
Norf . Va. Beach 4 South'n. .
North 4 South Carolina
North & South of Illinois
North & West Branch
See Manual for 1900 p 364
Norfolk 4 Southern
Springfield to Mt. Olive, 111
See Manual for 1900 p 691
St Louis Peoria 4 Nor
Schuvlkill 4 Juniata
North Branch & Sauble Riv .
North Carolina Midland
No. Galv., Houst. & Kan. Cy
•North Pacific Coast
Northeastern RR
Termini not reported
Winston-Salem to Mocksville, N. C. . .
Virginia Point to No. Galvest, Tex. . . .
See Manual for 1902, p. 578
See Manual for 1899 p 397
Abandoned in 1890
Southern
Galv., La Porte 4 Houston . .
North Shore
Atlantic Coast Line of S. C. . ..
Southern
Northern New York
Northeastern RR. of Georgia
Athens to Lula, Ga
Moira to Tupper Lake, N. Y., and br . .
j St. Regis Falls to Paul Smith Sta- 1
Northern Adirondack Ext. . .
Northern California Ry
Northern New York
See Manual for 1898, p. 773
j Moira to Tupper Lake, N. Y
Southern Pacific
{• New York 4 Ottawa
Northern Pacific RR
Northern Pacific 4 Cascade. .
Northern Pacific 4 Manitoba
Northern Pac. 4 Montana. .
Nor. Pac. 4 Puget Sd. Shore .
N. P., Fern. Falls 4 Black H
N. P.. La Moure 4 Mo. R. . .
1 Black Rapids to Black Rapids Jet. .
See Manual for 1897, p. 571
So. Prairie Jet. to Car., Wash., 4 brs..
See Manual for 1002 p 1494
Northern Pacific Rv
Northern Pacific
See Manual for 18% p 702
Northern Pacific
Meeker to Seattle, Wash
Wadena, Minn., to Milnor, N. D
La Moure to Edeely. N. D. . .
45.35
117.75
21.33
Northern Pacific
Northern Pacific
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
110
POOR'S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Con«nw«<i.
NAME or OLD COMPANY.
TERMINI OF COMPLETED ROAD
AT THE TIME OK ITS ACQUIRE-
MENT.
LENOTII IN
MILES.
NAME OP COMPANT
BY WHICH ACQUIRER, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
See Manual for 1898. p 773.
379.15
i''
27.00
51.00
100.15
Southern Pac. RR. of Cnl
Buffalo 4 Susquehanna
Merged April 14, 1898.
Northern Susquohanna..
Northern
Northwest Florida
Northwestern No. Car
See Manual for 1901. p. 058. for
Ricliibucto to Kent Jet N B
Kent Northern
Name changed.
Purch. Dec. 11, 1889.
Purch. Aug., 1894.
Consol. June 1, 1891.
Montgomery to Luverne. Ala
Jrcensboro' to Wilkcsboro", N. C. . . ..
Alabama Midland.
Southern
Toledo to Toledo Jet 0
79.98
Toledo, Walh'g Vv. 4 Ohio. . .
Western New York 4 Penn. . .
Northwestern Pennsylvania.
Northwestern RR. of Cal
•^ee Manual for 18% p 59
7.50
12.94
3.50
2.00
10.00
40.00
12.50
35.00
5.85
120.80
5.00
North Pacific Coast
Merged.
Merged Aug. 7, 1889.
Purch. Feb. 28', 'l89l'."
Purchased March, 1903.
Consol. Feb. 1, 1899.
Purchased in 1891.
Merged July, 1902.
Consol. Aug. 1, 1889.
Merged Sept. 27. 1901.
Name chgd. 1891-92.
Consol. July 1.1902.
Consol. Nov. 1, 1891
March 13, 1890.*
Feb. 22, 1890.*
Aug. 1, 1898.*
Purchased in 1902.
Consol. July 1, 1902.
Merged July, 1901.
Reorg. Mav25, 1901.
Purchased in 1897.
Purch. Nov. 1901.
Norwood to Massena Springs, N. Y. . .
Nottingham, Ala., to end of track
Hammocks to Atlantic Station, N. C . .
)f ilia to Irwinville, Ga
Hawkinsville to Dublin, Ga
dome, Watert. 4 Ogdensb
Abandoned 1889-90
Wilmington Sea Coast
Brunswick 4 Birmingham.. . .
Wrightsville 4 Tennille
Milwaukee 4 Northern
Nottin»hamRR.4Coal.. ..
Ocean View
Oeonto A Southwestern
Offerman 4 Western
Ogden & Syracuse
Offerman to Nicholls, Ga
1 Ogden and Syracuse Jet. to Syra- (
Brunswick 4 Birmingham. . . .
Ore. Short Line 4 Utah No. . .
Rutland
Ogdensb'g 4 Lk. Champlain .
Ohatehie Vallev
See Manual for 1901 p 35
Birm., Laney 4 Piedmont. . . .
\shhnd to Peat h Orchard, Ky
48.20
635.92
107.50
342.00
174.27
10.50
33.50
8.10
35.80
265.63
118.19
Lexington 4 BigSandv
See Manual for 1894. p. 338
Bait. 4 Ohio Southw. Ry
Cin., Portsmouth 4 Va
Ohio A Northwestern
Ohio, Indiana 4 Western.. . .
Ohio River 4 Charleston
Ohio River 4 Charleston. . . .
Ohio Riv.4 Charl'nRy.of Ky.
Ohio River 4 Lake Erie
Ohio Southern
Ohio Vallev
Idlewild t j Sciotoville 0
Pekin, III., to Springfield. 0
) Marion. N. C., to Camden, S. C
Peoria 4 Eastern
!• S. C. 4 Ga. Extension
1 >hnsnn City,Tcnn..to Caney Riv.N.C.
South 4 Western
Lexington 4 Big Sandy
L. E., Alliance & Wheeling. . .
Detroit Southern
Chic., St. L. 4 New Orleans. . .
\Ilinnce to Bergholz, 0
See Manual for 1900. p. 299
See Manual for 1838. p. 480.
Ohio Vallev 4 Junction
Canal Dover, 0.. West
3.50
6.00
1.50
14.00
Cleveland & Marietta Ry
Abandoned 1839-1900
Oil City 4 Ridgway
ilCity to Cr'nbcr-y Mines, Pa
Oklahoma City Term. RR. . .
Olean, Oswavo 4 Eastern.. . .
See Manual for 1901, p. 516
Oswavo to Gencsee, Pa
St. Louis 4 San Francisco. . . .
New York 4 Pennsvlvania. . .
Merged June 21, 1901.
ConsoL April 28, 1896.
Purchased.
Merged Nov. 1.1898.
Jan. 27, 1896.*
Purch. Oct. 12. 1901.
Branch line owned.
Name changed 1890.
Absorbed in 1902.
Branch line owned.
Purchased in 1891.
March, 1893.*
ConsoL Feb. 1, 1893.
Purchased in 1893.
Proprietary line.
01 vmpia 4 Chehalis Valley . .
Omaha 4 Republican Val.. . .
Omaha 4 St. Louis R-
Omaha 4 St. Louis RR
Omaha Belt
Onnha, Dodge City 4 So. ...
Omaha, K.inras City 4 Last .
Omaha Southern
Olvtnpia to Tenino, Wash
See Manual for 1833 p 058
15.00
482.04
145.00
144.20
26.40
33.97
28.49
46.00
152.80
Port Townsend Southern
Pattonsb'";, Mo., to Council Bluffs, la .
Pittonsburg.Mo., to Council Bluffs.Ia.
Proprietary line. Mo. Pacific
Dod.tc Citv to Montczuma, Kan
Pattonsburg t'> Trenton Mo
Omaha 4 St. Louis RR
Wabash
Missouri Pacific
Dodge City, Mont. 4 Trin
Quincy, Omaha 4 Kans. City.
Missouri Pacific
Union Jet. to West Side Jet., Neb
Sidnaw to Ontonagon Mich
Ontonagon 4 Brule River. . .
Oram?eBe]t
Orangeville 4 Lehigh
Sanford to St. Petersburg, Fla
No road built bv this company.
Sanford & St. Petersburg
Central Penn. 4 Western
Orchard Beach
3aco River to Old Orchard Bch., Me. ..
2ave Spring. Ga., to Iron Ore Beds . . .
Tammal to Silver Springs. Pa
Pendleton, Ore., to Day.,Wash.,4 brs.
Yaquina to Idahua, Ore.
Yaquina to Idahua, Ore
See Manual for 1889, p. 879
See Manual for 1837 p 810
3.00
6.50
8.00
161.00
141.80
141.81
598.08
1,429.70
68.73
162.40
6.30
17.70
10.00
56.00
264.00
67.2.5
7.00
5.00
3.33
83.4C
4.64
42.16
49.32
12.94
59.61
3.94
7.25
Ore Belt RR.
Oregon 4 Texas.
Oregon 4 W.i ihington Ter. . .
Oregon Central 4 Eastern. . .
Oregon Paci6e
Oregon Short Line
Ore. Sh't Line 4 Utah Nor . .
Southern
Abandoned
Washington 4 Colum. Riv . . .
Corvallis 4 Eastern
Oregon Central 4 Eastern. . . .
Ore. Short Line 4 Utah No ...
April 20. 1892.
Purch. Dec., 1897.
Dec. 22. 1894.*
Consol. Aug. 1, 1889.
Jan. 9. 1897.*
July, 1896*
Purch. Dec. 5. 1890.
Consol. April 9. 1891.
Merged Julv 1, 1897.
Consol. April 9. 1891.
Name changed in 1894.
Merged Aug. 1899.
Absorb. Ma v 20, 1899.
Purch. April 16, 1894.
Oregon Ry. Extensions Co. .
Oregonian
Sec Manual for 1890, p. 328
J Ray's Landing to Coburg, Ore. . .. |
Ore. RR. 4 Navigation
Oregon 4 California
Orlando 4 Winter Park. . .
OrL. W. B. 4 Fr L. Spgs. . .
Oseeola 4 Lake Jessup.
Orlando to Lakemont, Fla
East Florida 4 Atlantic
Chic., Indianap. 4 Louisv. . . .
Orleans to French I.ick Sp'gs, Ind. . . .
Lakemont to Ovicdo, Fla . . .
Ottawa 4 Gatineau Vallev. .
Otta.. Arnprmr4 ParrvSd.
O..Oswego4 FoxRv.Vv.RR
Ottawa Valley .'
Hull to Wright. P. Q
Ottawa to Parry Sound, Ont
Geneva to Streator, 111
Canada 4 Atlantic
Chic.. Burlington 4 Qi.incy. . .
Atlantic 4 Lake Superior. . .
Abandoned 1894-95
\bandoned in 1893
St. Andrews to Lachute, Que
In Elk Countv. Pa
Ottumwa to Kirkville. la
) Owensboro to Adairville. Ky
i Penrod to Mud River Mines, Ky
Owensboro to Horse Branch. Kv.
Va. State Line to Durham. N. C
Oxford to Henderson. N. C
Orleans. Neb to Kansas I ine
Otto Glen
Ottumwa 4 Kirkville
Owensboro 4 Nashville ....
•wensb.. Fls. of R. 4 G.Riv
Oxford 4 Clarlwville
Oxford 4 Henderson
Oxford 4 Kansas
!• Louisville 4 Nashville
Illinois Central
Proprietary' line.
\pril, 1897.*
Purch. Aug. 22. 1894.
Purchased in 1894.
Perpetual lease.
Merged 1896-97.
Southern
Southern
Chic., Burlington 4 Quincy. . .
Long Island
Oyster Ba v Extension
Pacific 4 Great Eastern. . . .
Pacific Rv. of Nebraska. . . .
Pacific Short Line
See statement of L. I. RR.Co
Fayetteville to Wyman, Ark
Proprietary line of the Missouri Pac. . .
Abandoned 1894-5
Covington to O'Neill, Neb
129.16
Sioux City. O'Neill 4 Wesfn
Oct. 23. 1891.*
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Contintud.
Ill
NAME OF OLD COMPANY.
TERMINI OP COMPLETED ROAD
AT THE TIME OF ITS ACQUIRE-
MENT.
LENOTH IN
MILES.
NAME OP COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Packwaukee & Montello. . . .
Paducah, Tenn. & Ala
Paducah Union Depot
Packwaukee to Montello & spurs
Paducah. Ky., to Lexington, Tenn
) In Paducah, Kv., from Ohio Riv. /
1 to con with L' ville Div. Ill.Cen. f
In Hudson County, N. J
Termini not reported
7.96
119.20
0.70
4.44
Wisconsin Central
Merged July 13, 18)9.
See Manual for 1898,p.527.
Nashv., Chatt., A St. Louis. . .
See footnote marked t
See Dept. of St. Ry?
Abandoned
Palmdale
Palmetto
Hamlet, N. C., to Cheraw, S. C
18.28
Seaboard Air Line
Merged Nov., 1901.
Proprietary road.
See page 561.
Aug. 9. 1893.*
Victoria, Tex., to Guadaloupc River. .
Washburn, Tex., to Pan Handle Jet. . .
See Manual for 1902, p. 1£06
10.00
14.54
Abandoned in 1894
Fort Worth & Denv. City. . . .
Kansas C ty, Mexico & Orient
Paragould Southeastern
St. Louis, Iron Moun. & So. . .
Abandoned in 1891
Pan Handle . ....
Pan Handle A Gulf
Parasouid & Buffalo Island. .
Paris & Great Northern
Paris & Pere Marquette
Paris. M.irs'll & Sabine Pass .
Pasadena
Patten & Sherman
Paragould, Ark., to Cardwell, Mo
Red River to Paris, Tex
Palmer to Upper Paris, Mich., and brs.
Marshall to Mont vale Springs, Tex. . . .
Pasadena to Altadena, Cal
Patten Jet. to Patten, Me
Oxford. Pa., to Dorsey's, Pa
Pecos, Tex., to Roswcll, N. M
ii.29
16.94
24.86
15.50
6.00
5.65
20.00
164.00
7.00
Texas Southern
Purch. March 12, 1897.
Consol. Jan. 2, 1891.
Purch. July 1, 1901.
June 16, 1890.*
April 19, 1898.*
Consol. May 1, 1902.
Los Angeles Termini!
Bangor & Aroostook
Peach Bottom
Pen is Valley
Lancaster, Oxford A Sou
Pecos Valley & Northeast' n . .
St. Louis & Gulf
Petniscot Southern
Pennsylv. & Northeastern. . .
Pascola to Deering, Mo
See Manual for 1895, p. 98
Penn., Poughkeep. A Boston .
See Manual for 1899 p 234 .
12.60
52.35
101.30
160.28
19.00
237.51
6.29
85.00
3.00
310
PennsyL. Pough. & Boston. .
Pennsyl. Schuylkill Valley . .
Pensacola & Atlantic
See Manual for 1895, p. 98
Phila. to New Boston, Pa., and brs. . . .
Pensacola, Fla., to River Jet., Fla. . . .
Termini not reported
Lehigh & New England
Schuvlkill& Juniata
April 2, 1895.*
Consol. June 1, 1900.
May 4, 1891.*
Reorg. 1893-94.
Purch. Oct., 1901.
Merged June 6, 1901.
Purch. July 1, 1901.
Merged Nov., 1894.
Merged 1901-02.
Name changed 1896.
Consol. July 23, 1893.
Consol. Nov. 21. 1898.
Louisville & Nashville
Soath'n States L'nd & T*r Co..
[• Illinois Central
Peoria, Decatur & Evansville
Peoria & Northwestern
Peoria & St. Louis
1 Evansville, Ind., to Pekin, 111
I Stewartsville to New Harmony ....
Nelson to Peoria, 111
Pekin toward Springfield, 111
Chicago & Northwestern
Peoria & Springfield
Rock Island & Peoria
Perry
Silver Lake Jet. to Silver Springs, N.Y
Petersburg, Va., to Jet. N. A W. Rv. . .
See Manual for 1895 r> 104
1.03
3.37
Buff., Rochester & Pittsburgh.
Petersburg & Western
South Jersey
Petersburg & Asylum
Petersburg & Western
Philadelphia & Chester Br. . .
Phila. & Newtown Connect'g
Philadelphia & Reading RR.
Philadelphia A Seashore. . . .
Phila., Bustleton & Trenton .
Phila., Ger't'n & Chestnut H.
Phila., Marlton A Medford
Petersburg, Va., to Jet. N. & \\. RR.. .
See Manual for 1899 p 194
3.15
9.86
Atlantic Coast Line of Va. . . .
Phila. Newtown A New York..
Philadelphia & Reading Ry . .
South Jersey
Connecting
Connecting
Consol. Sept. 1, 1892.
Nov. 7, 1896.*
Consol. July 23, 1893.
Merged Jan. 1.1902.
Merged Jan. 1.1902.
Consol. Mav 4, 1896.
Reorg. Jan. 12, 1899.
Merged July 1, 1894.
Jan. 5. 1898.*
Reorganized in 1892.
Merged Nov., 1901.
Consol. 1901-02.
Proprietary road.
Reorg. Jan. 28. 1902.
Aug. 10. 1895.*
Consol. Oct. 22. 1890.
Consol. Oct. 1, 1890.
April 13. 1896 *
Consol. Jan. 20, 1897.
See Manual for 1890 p 798
327.00
' ' 3.55
13.87
11.98
57.60
48.40
20.00
30.00
11.20
2.00
30.48
3.30
165.00
20.10
197.27
25.00
106.70
5.00
5.00
2.00
5.18
100.20
1.00
30.00
240.97
41.05
41.05
22.00
3.75
20.00
112.10
227.15
53.86
28.28
2S.50
4.27
5076
See Manual for 1895, p. 104
Between Phila. & Fallsington, Pa
Ger't'n Jct.Pa., to Chestnut Hill, & brs.
Haddonfield to Medford N J
West Jersey & Seashore
Phila., Reading AN. Engl'd.
Piedmont
Pine Bluff & Eastern . . .
See Manual for 1898 p 44
Central New England
Danville, Va., to Greensboro, N. C. . . .
Rob Roy to English, Ark
Southern
Pine Bluff Arkansas River —
Pine Bluff & Eastern
Pine Bluff, Monroe & N. Or. .
Pittshoro
Pittsburgh A Allegheny
Pittsburgh & Columbus
Piltsburgh & Northern
Pittsburgh, Akron & West'n .
Pittsb., Butler A Shenango . .
Pittsb., Cin. & St. Louis
Pittsb.. Marion A Chicago. .
Pitts.. Shenango A Lake E. .
Point Pleasant & Northw'n. .
Pt. Pleasant, AdelphFANo. .
Point Pleasant Bridge
I'ontchartrain RR
Pittsboro to Moncure, N. C
Sidings around Mill
Pittsburgh to Weir, Kan., & Mines. . . .
Seaboard Air Line
Pitts., Alleg.A McKee'sRocks
St. Louis & San Francisco. . . .
Pittsburgh & Western
Northern Ohio
Coaltown Jet. to Butler, Pa
See Manual for 1890 p. 813
Pittsb.,Shen. A L. Erie of '90 .
Pitts., Cin., Chic. * St. Louis .
Pitts., Lisbon & Western
Pitta., Bessemer & L. Erie
Lisbon to New Galilee, 0
See Manual for 1897. p. 837
See Manual for 1890, p. 1101.. ..
See Manual for 1902, p. 402
Pontchartrain Jet. to Milncburg, La. .
Pontiac to Cascville, Mich
Lancaster A Hamden
Kanawha A Michigan
Louisville 4 Nashville
Consol. in 1890.
Owned line.
Proprietary line.
Sept. 19, 1899.*
Punt., Oxford & Pt. Austin. .
Pontiac, Oxford A North'n . . .
I't. Edw'ds.CentraliaANo. .
Piirt Huron A Nortlnvest'n . .
Port .lervis & Monticello. . . .
Pt..Iem.s.MonticelloAN.Y.
Portage Creek & Rich Vy...
Portage Lake & Manistee Ry.
Portage Lake <fe Muskeg. Ry.
Port Royal A Augusta
Port Royal A West Carolina.
Portland & Rochester
Portland & Willamette Vy. .
Portland & Yamhill
Portland, Chic. * Mt. Scott. .
Portland. Saco A Portsm'th
Port Edwards to Marshfield, Wis . . .
See Manual for J890 p 874
Marshfield & Southeastern —
Flint A Pere Marquette
Pt. Jervis, Morticello A N. Y.
Pt. Jervis, Mont. A Summit' le
Abandoned in 1896-97
Abandoned; track taken up. .
Feb. 14, 189«.*
Purch. April 1. 1889.
Reorg. March, 1895.
Reorg. Dec., 1902.
See Manual for 1896, p. 98
See Manual for 1902, p. 187
See Manual for 1897. p. 74
Termini not reported
Termini not reported
Port Royal, S. C., to Augusta, Ga
See Manual for 1896, p. 1514
Abandoned: track taken up. .
Chariest' n A West. Carolina. .
Charlest'n A West. Carolina. ..
Boston A Maine
Portland A Yamhill .
Consol. Sept., !89fl.
Consol Sept.. 1S9U.
Merged Jan. 1.1900.
Purchased in 1891'.*
Purch. .Inly 31, 1X93.
St. Rvs
Merged Jan. 1, IPOO.
Portland, Me., to Rochester, N. H
Portland to Dundee, Ore
Oregon A California
See General Index— Dept. of
Boston A Maine. . .
At Portland. Ore
N H St.-itpl inptnPnrflnnH Alp
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
t All the bonds of this company are owned by the Illinois Central RR. Co., by whom the road is practically owned.
112 POOR'S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME or OLD COMPANY.
TERMINI OF COMPLETED ROAD
AT THE TIME OF ITS AcyUIRK-
MENT.
LENGTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQUIRED, OH
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHKN AND How
ACQUIRED BY KXIST-
INO COMPANY.
In Portland Ore
1.30
10.88
72.80
13.00
3.50
5.00
3.00
1.51
5.00
Northern Pacific
Portsmouth to Dover N H
Boston A Maine
Merged Jan. 1,1900.
Consol. Mav 9, 1800.
June 6. 1903.*
Consol. Aug. 1, 1892.
Purchased May 31, 1902.
P-irch. Oct. 18. 1894.
Merged Nov. 26. 1894.
Merged 1901-02.
Proprietary road.
l\)rt«.. Greit Falls A Conw.. .
I'orvenir <le Mntchualn
Poughkeepsie Bridec
Conwiy Jet. to No. Conway, N. H
Matehuala to La Paz, Mex., etc
Br. across Hudson at Poughkeep..N.Y.
\ Mt. Carbon to Powellton, W. Va
Boston A Maine
Matehuala
Phil., Reading A New Eng . .
, Chesapeake A Ohio
Powellton A Pocahontae
Prairie du Chk-n & McGr'or. .
Prj'irieduCh'n. Wis.. to McGr'or, la. .
Chic.. Mil. A St. Paul
Rock Island A J'eoria
Princeton & Northwestern..
l"rinepton & Western
Profile & Arizona Central . . .
IVifili- A Franconia Notch. ..
Pueblo A Arkansis Val. RR..
Pueblo A State Line
Pugct Sound A Chehalls Ry .
- nind A Gray's Har.. .
See page 3SO
183.40
16.06
73.ll'
12.84
294 16
Chicago A Northwestern
Chicago A Northwestern
Abandoned in May, 1896
Mecodah Jet. to Xcecdah. V>'is
Prescott Jet. to Prescott, Arir
Profile House to Bethlehem, N. H. . . .
See Manual for 1898 p 275
Concord A Montreal
Proprietary road.
Absorbed Jan. 19 1900.
Atehison. Ti.n. A Santa Fe. . ..
Kan. A Col. State Line t.. Pueblo, Col .
152.12 Missouri Pacific
4.25 Mosher A McDonald Logg
30.00 HlnkpW
Proprietary road.
Reorganized.
Reorg. Dec. 19, 1896.
Owned line.
Set- Manual for 1897 p 845
See statement of Northern Pacific. . . .
See Manual for 1898. p. 11 31
Massey's Cross R'ds to Centrev., Md. ..
25.00
13.37
25.90
39.79
46.36
106.73
98.74
N. Pac. A Puget Sound Shore .
Quebec Ry., Light A Power . .
Quebec District
Delaware
Consol. Jan. 23, 1899.
Absorb. May 20, 1899.
Absorb. May 20. 1899.
Merged Nov., 1901.
Merged Nov., 1901.
See Manual for 1898.
Consoi. Nov! 8, 1895.
Merged Dec. 31, 1894.
Proprietary road.
Merged Jan. 1.1901.
Name changed Apr., '%.
Consol. Nov., 1889.
Qiiincv A Warsaw RR
Chic., Burlington A Quincy. . .
Chic., Burlington A Quincy. . .
Seaboard Air Line
Quincy. Alton A St. L. RR. ..
Raleigh A Augusta Air Line..
Raleigh A Gaston
See Manual for 1898, p. 383
Raleigh to Weldon, N. C., and branch.
RaHzh Springs
Termini not reported
10.50
6.00
21.00
1.75
18.04
17.70
10.81
No longer in existence
Centralia A Chester
Randolph A Northeast, Neb.
See General Index
Perth Ambov to Raritan Brick Works.
Red Oak to Griswold, la
Chic.,St.Paul,Min. A Omaha. .
Central of New Jersey
Chic., Burlington A Quincy. . .
Los Angeles A Redondo
Red Oak A Atlantic
Inglewood to Redondo Beach Cal. . . .
Southern California.
13.00
Rep' can Vy. K's A Southw. .
Republican Vv. A Wvo
Rcw Citv A Eldred . . .
Republic, Neb., to Omaha, Kan
78.23
49.17
12.16
7.52
22.04
232.50
21.10
145.03
4.19
66.19
7.50
60.76
102 10
Chic., Burlington A Quincy. . .
Chic., Burlington A Quincy. . .
Abandoned in 1893
Perpetual lease.
Perpetual lease.
Rew Citv to Eldred Pa .
Rice Lk., Dallas A Meno Ry..
See Manual for 1 900, p 338
Min., St. P. A Sault Ste. Marie
South Jersey ....
Purchased 1900-01.
See Manual for 1895, p. 104.
Purch. Jan. 20, 1890.
July 1, 1894.*
Consoi Nov.'21,'l898."
Street Rvs.
Reorg. July. 1899.
Successor. April 10, 1900.
July 1, 1894.*
Owned bv Atchison.
Purchased 1896-97.
Absorbed Feb. 15, 1899.
Richland to Seaville N J
Riclimond A Allegheny
j Richmond to Clifton Forge, Va
1 Balconv Falls to Lexington, Va». . . .
See Manual for 1895 p 779
- Chesapeake A Ohio
Southern
Richmond A Miami
Richmond A Petersburg. . . .
Richmond Cy.A Seven Pines.
Richm.,Nich., Irvine A Beat..
Rich., Petersb. A Carolina. . .
Richmond. Ind., to Ohio State Line. .
See Manual for 1899. p. 398
Richmond to Seven Pines Va. . .
Little Miami
Atlantic Coast Line of Va. . . .
See General Index— Dept. ol
Louisville A Atlantic
Versailles to Irvine, Kv
Richmond, Va to Norlina N C
Sen hoard Air Line . . .
Richm., York Riv. A Chesap.
Rio Grande A El Paso
39.00 Southern
Texas State Line to El Paso
20.15
29.50
186.08
26.25
15.00
!24.09
348
Atch., Topeka A Santa Fe
Denver A Rio Grande
Atch., Topeka A Santa Fe
Not in operation
Rio Grande A Santa Fe
Rio Grande. Mexico A Pac . .
Rio Grande Northern
Santa Fe, N. M., to Espanola. X. M.. . .
See Manual for 1898, p. 275.
See Manual for 1898, p. 223
Ritchie Mineral
Cairo to Ritchie Mines W Va
Cairo A Kanawha Valley
Norfolk A Western
Feb. 15. 1890.
Merged Dec. 2, 18%.
Ineorp. Feb. 8, 1893.*
Consol. Aug. 14, 1895.
Roanoke A Southern
Rochester A Glen Haven. . . .
See Manual for 1896, p. 688
Rochester to Glen Haven, N. Y. . . . .
Glen Haven. . .
Rochester A Honeoye Vy. . ..
Rochester A Irondequoit. . . .
Rochester A Lake Ontario. . .
Rochester to Honeove Falls, N. Y. .
14.00 Rochester Southern .. .
Rochester to Surnmerville, N. Y
Rochester to Lake Beach, N. Y
4.50
6.05
Rochester A Suburban.
Rochester A Suburban
Merged.
Consol. Oct. 2, 1889.
July 15, 1895.*
Merged Sept. I,'l896."
Merged Sept. 1. 1896.
Reorg. March 26, 1890.
Roch.. Hornellsv. A Lack. . .
Rock'ay Vy. Mfg. A Con. Co .
Rockport
Rocky Fork A Cooke City. . .
Rocky Mount'n of Montana .
Rogers A Summit
Rogers Run
Hornellsville Jet. to Hornellsv.. N. Y. .
No road owned bv this company
See Manual for 1899, p. 45
f-aurel to Red Lodge, Mont
Livingston to Cinnibar, Mont
Rogers, Ga., toward Stillmore, Ga
Termini not reported
10.75
3.66
45.43
52.80
25.00
1.50
18.15
61.30
8.37
18.25
6.50
9.70
7.00
20.50
Lackawanna A Southwest' n . .
Rockaway Valley
Operations suspended
Northern Pacific
Northern Pacific
Milton A Southern
Rome
Kingston to Rome, Ga
No. Rome, Ga., to Atlanta. Ala
Rochester to Ontario Beach, N. Y
Alton to Stockton, Kan
Rosedale to Phalia. Miss
So. Plainfield to Roselle. N. J
Eureka to Rnbv Hill. Nev.
Mechanic Falls to Gilbertvflle, Me. ...
Termini not reported
Nash.. Chatt. A St. Louis
East Tenn., Va. A Georgia. . . .
Rome.Watert'n A Ogdensb. . .
Missouri Pacific
Yazoo A Mississippi Valley. . .
Lehigh Valley Terminal
Abandoned in 1893-94.
Merged Dec.. 1896.
Purch. Mav 10, 1890.
Merged 1889.
Prop'tarv road. Mo. P.
Purchased in 1899.
Consol. Aug. 28, 1891.
Rome A Decatur
Rome.Watert'n A Ogdb.Ter.
Rook* Co. Rv. of Nebraska. .
Rosedale A Miss. Vv. Central
RoseUe A South Plainficld. . .
Rubv Hill
Rumford Falls A Buckfield. .
RussellvilkOreCo
Portland A Rnmford Falls . . .
Abandoned Nov. 23. 1896.
Rutland-Canadian
Rut ledge A Julian
See Manual for 1901. p. 33.
Termini not reported
41.00
Rutland
Absorbed Jan., 1901.
Abandoned
* Acquired by purchase at foreclosure or reorganized after foreclosure snle on date riven.
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
113
NAME OF OLD COMPANY.
TERMINI OP COMPLETED ROAD
AT THE TIME OP ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME OP COMPANT
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Saginaw & Grand Rapids . . .
Saginaw & Western
\v Bay & Northwest'n.
Saginaw, Tuscola A Huron...
w Valley & St. Louis. .
St. Anthony
St. Augustine & Halifax Riv.
rustine & No. Beach.. .
St. Augustine & Palatka. . . .
St. Cloud. Grantsb. & Ashl. ..
Si Cloud Sugar Belt
St. Louis to Alma, Mich
Alma to Howard City, Mich
PinconningBay to GladwinAbrs.,Slich
Saginaw to Bad Axe, Slich
Ithaca to Paines, Mich
Idaho Falls to St. Anthony, Id
See Manual for 1892, p. 298
3.60
42.57
62.31
65.79
35.50
37.46
40.00
3.00
25.30
12.00
15.50
9.50
Detroit, Grand Rap. A West. .
Detroit, Grand Rap. A West. .
Jackson, Lansing A Saginaw. .
Pere Slarquette
Detroit, Grand Rap. A West. .
Oregon ShortLine
Jack., St. August. A Ind'n R. .
Abandoned Sept., 1891
Dec. 4, 1896.*
Dec. 4, 1896.*
Merged in 1901.
Merged Slav 7, 1903.
Dec. 4, 1896.*
See page 611.
Consul. 1893.
No. Beach Jet. to No. Beach, Fla
St. Augustine to East Palatka, Fla. . . .
St. Croix River to Grantsburg, Wis. . .
Kissimniee to Narcoossee, Fla., and br.
Campbell to Caligoa, SIo
Jack., St. August. A Ind'n R. .
St. Paul A Duluth
Consol. 1893.
Owned.
Merged Slarch, 1892.
Consol. May 1, 1902.
Merged Feb., 1889.
St. Francis Valley
St. Louis A Gulf
St. Francisv. & Lawrencev. .
St. Hefen.Hough.Lk A Wn. .
Cairo, Vincennes A Chicago. . .
Road abandoned 1892
Termini not reported
11.00
12.00
28.00
50.70
47.27
39.18
9.43
48.09
5.86
97.20
10.00
10.00
20.00
44.53
12.50
7.50
20 66
Jack., St. August. A Ind'n R.. .
Abandoned 1899-1900
Consolidated 189a
St. Johns & Atlantic
See Manual for 1899, p. 479
St .Idling & Halifax
Jack., St. August. A Ind'n R. .
St. Johns A Lake Eustis RR . .
!• Savannah, Fla. A Western .
!• Chic., Burlington A Quincy
Atch., Topeka A Santa Fe. . . .
Abandoned
Consolidated 1891
Jan. 6, 18%.*
Sferged 1902.
SlergedJan. 1,1901.
Sferged June 1,1900.
St. Johns & Lake Eustis Ry .
St. Johns & Lake Eustis RR/
St. Joseph & Des Moines. . . .
See Manual for 1896 p 834
( Leesburg to Astor, Fla
Albany to St. Joseph, Mo
St. Jos.. St. L. & Santa Fe...
St. Joseph Valley
St Joseph Valley RR
Lexington Jet. to Winthrop, Mo., A br
Buchanan to Berrien Springs, Mich . . .
Buchanan to Berrien Springs, Mich . . .
Inter.Line to Salaberrv de \" v'd, Que .
Springfield to Sit. Olive, 111
St. Joseph Valley Ry
Slohawk A Malone
May 7, 1889.*
Consol. June 22, 1892.
Reorganized.
Purch. Feb. 29, 1896.
Merged May 20, 1896.*
Purch. March 1. 1902.
Absorbed Star. 31,1899.
Purch. March 1, 1894.
July 9, 1892*
See Manual for 1898,p, 472.
Oct., 1890.*
Reorg. Sept.. 1898.
St. Laurence & Adirondack
St. Louis & Chicago
North A South of Illinois
[ St. L., Peoria A Northern. ..
Missouri, Kansas A Texas. . . .
S. L. Slemph. A Southeast. . . .
j Glen Carbon to Slarine, 111
St. Louis & Kansas City
1 Alhambra, 111., to Marine, 111
Holden to Sedalia, SIo
Paw Paw Jet toGodair SIo
St. Louis & Oklahoma City. .
St. Louis & Peoria
St. Louis, Alton & Springfi'ld
St. L., Alton & Terre Haute .
St L , Arkansas & Texas. . . .
Sapulpa, I. T.. to Oklahoma Citv, O.T.
Alhambra to Sit. Olive, 111
1 Alton to Springfield 111
103.26
13.00
86.64
8.40
14.40
1,222.10
36.00
16.00
92.40
27.25
110.50
41.61
90.00
59.35
43.10
225.71
8.00
6.30
197.83
5.00
98.70
57.43
285.11
40.50
33.00
' 15230
20.27
' 146.56
180.71
8.00
35.46
40.00
3.07
85.50
15.00
7.00
58.04
' ' ' 2.50
29.00
St. Louis A San Francisco. . . .
St. Louis A Eastern
| St. L., Chicago A St. Paul. .
Illinois Central
) Lock Haven to Grafton, 111
EastSt Louis to Belleville 111
See Slanual for 1890 p 493
St. Louis Southwestern
StL., AvovellesASo'w'nUy.
St. Louis, Cable & Western . .
St.Louis.Cape G. & Ft.Smith
St. Louis Caruthersvule & SI.
St. L., Chicago & St. Paul. . .
St. L., Des Moines & North. .
St. L.. Indianapolis & East'n
St. Louis, Kansas & Southw..
St. Louis, Kennett & South^i
St. Louis, Keokuk & Nortlnv
St. L., Slorehouse & South. . .
St. L., Oak Hill & Carondelet
St. L., Oklahoma & Southern
St. L, Okla. & Tex. Air-Line.
St L., Peoria & North. (part)
St. L.,Peoria & North, (part"1
St. L., Rock Island & Chic. ..
St. L., Salem & Arkansas. . . .
St. Louis Southern
St. L.Sturgis A Battle Creek
St. Louis Tunnel
St. Louis Valley. . .
See Manual for 1898, p. 190
Avoyelles Ry
St. Louis Suburban
See Slanual for 1899, p. 61 1
Daruthersville,Slo.1to Blvthesville, Ark
See Slanual for 1899, p. 293
Southern Mo. A Arkansas
St. L., Slemph. A Southeast. .
Chicago, Peoria A St. Louis. . .
Reorg. Mav4. 1899.
Consol. in 1902.
Consol. Jan. 2, 1900.
Nov. 22, 1889.
Slerged.
Reorg. Dec., '98. aft. fore.
Consol. May 1, 1902.
Purch. Jan. 1, 1901.
Consol. May 1, 1902.
Proprietary Company.
Slerged June 22, 1901.
Merged 1900.
[ Purchased !899.
Merged Mav 20, 1899.
March 10, 1897.
See Slanual for 1898, p. 472
Purchased '1903. "
Consol. Jan. 28, 1897.
Switz City, Ind., to Effingham, 111. . . .
Cale Jet. to Anthony, Kan
Illinois A Indiana
Kansas Southwestern
St Louis A Gulf.
See Slanual for 1901, p. 216
Chic., Burlington A Quincy. . .
St. Louis A Gulf.
Tower Grove to Carondelet, SIo
Sapulpa to Denison, Tex
See Slanual for 1899, p. 610
Missouri Pacific
St. Louis A San Francisco
Tecumseh
Chicago A Alton
See Manual for 1898, p. 382
^uba Junction to Salem, Mo
I'inckneyville to Carbondale, 111
See Slanual for 1890
See Slanual for 1902, p. 515
Chic., Burlington A Quincy. . .
St. Louis A San Francisco
Illinois Central
Sturgis, Goshen A St. Louis. . .
Tunnel RR. of St. Louis
St. Louis, Iron Slountain A So.
Buffalo, St. Slary's A Sou. . . .
>'. Mary's ft Southwestern.. .
St.Marv's, Lake C. A Gulf...
St PaulADuluth
St, Slary's to Hvde, Pa
See Slanual for 1896, p. 1601
See Slanual for 1900 p 585 . .. .
Northern Pacific Ry
Acquired July 1, 1800.
Merged Sept. 1, 1896.
St. Paul & Northern Pacific. .
See Slanual for 1896, p. 702
Northern Pacific
Union Pacific
Merged Sept. 30. 1900.
Consol. Dec. 27. 1890.
Purch. Dec. 31. 1898.
Proprietary line.
April 8. 1890.*
Aprils. 1890.*
Consol. Aug. 1. 1889.
Oct. 27. 1891.*
Name changed 1894-5.
July 7. 1896.
Consol. June 8, 1892.
Salma, Sterling & El Paso. . .
Salincville
Salmon River
Salt Lake 4 Eastern
Salt Lake A Fort Douglas.. . .
8»H Lake A Western
Salt Lake Vy. A Eastern
Salt Spgs. A Bowden I jthia .
San Antonio A Gulf Shore. . .
San Bernardino A Eastern . .
Hutchinson to Genesee, Kan
Salineville, 0., to coal mines
Blaekfoot to Mackav, Id
Jct.S.LA Ft.D. toward ParkCitv.l'tah
Salt Lake Citv to Fort Douglas, Utah .
See Slanual for 1889. p. 879
No road built by this company
Kan. A Col. Pac
Cleveland A Pittsburgh
Oregon Short Line
Utah Central
Utah Ontral
Oregon Sht.Line A Utah No . .
Sioux City. O'Neill A West'n .
Bowden Lithia Springs
Sari Antonio to Sutherl'd Spgs.. Tex. .
See statement of \ T A S F
Southern California
' Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
114
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES- -Continued.
NAME or OLD COMPANY.
TERMINI or COMPLETED ROAD
AT THE TIME or ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME or COMPANY
BY WHICH ACQUIRED, OR
TO WHOSR STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
San Diego A Phoenix
S. Diego.01drn4Pac.B-h
San Francis.AS.Joaquin Vy.
San Fran.. Tamalpais & Bol.
brielVy. Rap. Iran...
See Manual for 1898.
13.00
11.50
304.16
68.41
1.75
19.27
Abandoned
San Diego to Pacific Beach. Cal
See General Index— Dept. of
[ Atch.. Topeka A Santa Fe. .
North Pacific Coast
•St. Rys.
Merged April 1, 1901.
Purchased in 1892.
Merged; see page 654.
i Bakersficld to Point Richmond. Cal
1 Calwa Jet. to Corcoran Jet.. Cal. . .
Bay Junction to Mill Valley, CaL
Southern Pacific of Cal
Southern Pacific
Sanb.. Coop'n A Turtle Mtn .
Sanborn to Cooperstown, N. D.
>andersville to Tennillc Ga
36.75
4.00
110.00
117.48
17.32
30.00
22.47
50.42
565.65
29.50
12.00
25.00
10.00
8.50
10.00
24.00
37.00
264.50
1,773.77
17.70
17.70
481.97
Northern Pacific
Augusta Southern
Merged Sept. I. 1896.
Purch. Feb., 1894.
Name changed.
Consol. Dec. 23. 1893.
Merged May 1.1891.
Consol. May 1. 1890.
Purchased t&OO.
Purchased in 1901.
Merged 1901-02.
July, 1895.
Absorb. Jan. 13. 1900.
San. A Col.. Lake Eric 4 So. .
S.ind'kvACoI'b'8 Short Line..
Sanford A Indian River
Sanford A Lake Eustis.
•vindusky, 0., to Columbus, 0
^andusky, 0., to Columbus, 0., A brs .
^anford to Lake Charm. Fla
>anford to Tavares. Fla.
Sec Manual for 1901 p 614
Sandusky A Col. Short Line. . .
Colum's. Sand'ky A Hock'g . .
South Florida
Jackson. Tampa A Key West..
Southern Pacific of Cal. .
Santa Fe 4 GrandCanyon. .
*Mnta Fe Pacific •
Williami Ariz., to Anita Camp
S'x; Manual for 1902 p 434.
Atchison, Topeka A Santa Fe.
Atchiaon, Topeka A Santa Fe .
Rio Grande A Santa Fe
Atch., Topeka A Santa Fe
Abandoned in 1890
^nta Fe Southern
Santa Fe, N. M., to Espaiiola, N. M.. . .
See Manual for 1900. p. 460
Saratoga A Mt. McGregor.. .
Saratoga A St. Lawrence
Saratoga to Mt. McGregor, N. Y
\Ioira to Bombay Junction, N. Y
See ManuaHor 1899, p. 237
Saratoga Northern
Reorg. June 28, 1897.
Reorg. March 31, 1898.
Bombay A Moira
Abandoned 1899-1900
Satsop
Sault Ste. Marie A Southw . .
Sav.. Americus A Montg'ry. .
Savannah. Florida A West'n.
Shelton toward Satsop
Fairchild to Mondovi, Wis
L' ons, Ga., to Montgomery, Ala
V?e Manual for 1902 p. 748. . .
Wsshington Southern
Name changed Mar. 1, '91
Pureh. April 1, 1891.
July, 1895.*
Consol. May 12, 1902.
Nov. 2. 1895.*
Dec. 3, 1889.*
Oct. 5, 1895.*
Purch. Nov. 26, 1890.
Dec. 3, 1889.*
Merged Jan. 1,1902.
Owned by D. AH.
Chic., St. P., Minn. A Omaha .
Georgia <fe Alabama
Atlantic Coast Line RR
Central of Georgia
Savannah to Tybee Island. Ga
See Manual for 18%, p. 426
Savannah A Atlantic
Central of Georgia
Sav., Griffin A North Ala
Savannah. Tybee A Atlantic.
Scalp Level
60.00
18.00
24.69
9.93
Savannah to Tybee Island. Ga
Lovett Sta. to Babcock's Mill A brs. . .
'^ast Glenville to Coons, N. Y. .
Savannah A Atlantic
South Fork
Schenectadv A Mechanicsv'e
Schuylkill River West Side. .
Abandoned 1896-97
ScViylkill A Juniata
Scioto Valley
See Manual for 1902, p. 677
289.93
129.50
Pennsylvania
Merged A prill, 1902.
Ian. 22. 1890.*
Purch. Ff b. 1. 1890.
Consolidated.
Merged Nov.. 1901.
Reorganized 1898.
Consol. July 1.1901,
Consol. July 1. 1899.
Purchased.
Merged April 1, 1901.
July 1,1896.*
July 1, 18%.*
Reorg. June 1. 1895.
Purrhasrd Ot., 1899.
Proprietary line.
Columbus to Petersburg, 0
Scio*o Vv. A New England.. .
Scioto Vy. A New England.. .
Sea Beach A Brighton
Ironton to Columbus, 0
Brooklyn to Brighton Beach, N. Y
128.00
1.13
8 10
Norfolk A Western
Boynton Bicycle Co
Seaboard Air Line Belt RR. .
Seaboard Ry. of Alabama . . .
Sea Coast \
23.00
{• 76.65
8.00
17.50
164.17
227.84
3.92
3.92
17.44
10.10
2.83
8.00
2.00
17.00
6.00
8.00
19.10
6.05
26.70
238.11
17.44
32.28
9.53
184.45
25.00
49.40
1.52
40.00
123.00
0.76
30.70
14.60
48.30
Window Jet. to Cape May.Sea Isle City
Atlantic City
Searcy A West Point
Searcy to West Point, Ark.
Searcv A Des Arc
Seashore
\storia to Sea Side. Ore
See Manual for 1901, p. 583
Astoria A Columb. Riv. RR. .
Northern Pacific
Seattle A International.
Seattle, L. Shore A Eastern. .
Seattle Term. Rv. A Hev
See Manual for 1896, p. 334
( Seattle A International
At Seattle, Wash
Seattle Warehouse A Term. . .
Seattle A S.Fran. Ry. A N. Co.
Southern
Seattle Warcli. A Term. Co. .
Seivem A Knoxville
Seattle to West Seattle, Wash
Batesburg to Seivern, S. C
Selinsgrove A North Branch .
Seneca Falls A Cayuga Lake .
Shade Creek
See Manual for 1881, p. 318
Seneca Falls to Cayuga Lake, N. Y . . .
Forest Well to Timber Lands. Pa
) Connec. with Westerman RR. in 1
'( Sharon, Pa., to Sharpsville, Pa. )"
( Shawnee Jet. to Rendville, 0
See Dept. of Street Railways.
Sharpsville, Wheatland, I
Sharon A Greenfield. . . )'
Shawnee A Muskingum Vy . .
Sheffield A Spring Lake. . .
Shelby
Sharon Ry
Consol. Nov. 13, 1875.
Purch. Jan. 1. 1890.
Consol. Aug. 3, 1894.
MerpedMavfi. 1902.
Purch. Sept 23, 1880.
Purch. Sept. 28, 1901.
Sept, 30, 1890.*
Consolidated in 1898.
Purchased in 1890.
Merged Mav 7. 1901.
Aug. 1. 1889.*
Consol. Mar. 17. 1897.
May 31, 1897.*
Name changed in 1891.
Purchased June 22. 1903.
Absorb.-June 1, 1900.
Jan. 5. 1895.*
Absorb. April 17. 1899.
Absorb. Feb. 15, 1899.
> Colum., Sand. A Hocking. ..
Tionesta Vallev
) Buckingham to Shawnee, 0
Sheffield Jet. to Duhrings, Pa
\nchorage to Shelbyville, Ky
Shelbv to Columbiana, Ala
Shelbyville to Bloomfield, Ky
Louisville A Nashville
Alabama Mineral
Louisville A Nashville
!• Norfolk A Western
Shelby's Iron Co.'a RR
Shelbyville, Bloomfd A 0. . .
Shenandoah Valley
j Hagerstown, Md., to Roanoke, Va. .
• Br. to Iron A Manganese Mines
Litchfield to Hawleyville. Ct
Denison to Sherman, Tex
Shepaug,LitchfieldANor. ..
Sherman. Denison A Dallas. .
Sherman, Shreve. A So. Ry. .
Ship Island, Ripley A Ken. ..
Shore Line
N. Y.. New Haven A Hartf . . .
Missouri, Kansas A Texas. . . .
Missouri. K:m. A Te.x. Rv
Gulf A Chicago
See Manual for 1901. p. 488
Middleton. Tenn., to Ripley, Miss. . . .
New Haven to >New London, Ct
In Louisville, Ky.
N. Y.. New Haven A Hartf. . .
Short Route Ry. Transfer. .
Shreveport A Houston
Shreveport to Logansport, La
Shreveport A Red River Vy .
Sibley Bridge Co
Shreveport to Alexandria, La
Louisiana Ry. A Nav. Co
Atehison, Top. A Santa Fe
Sierra Valleys
Sierra Vv. A Mohawk Vy. . . .
Silver City A Northern
Silver Citv, Deming A Pac. . .
Plumas to Clairville, Cal
Whitewater to San Jow'. N. Mex
rVming to Silver City. N. Mex
Atehison, Top. A Santa Fe. . ..
\tchison, Top. A Santa Fe. . ..
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
POOR S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
115
NAME OF OLD COMPANY.
TERMINI OF COMPLETED ROAD
AT THE TlME OF IT8 ACQUIRE-
MENT.
LENGTH IN
AlILES.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY.
Silver Creek & Dunkirk
Springs, Oeala A Gulf..
Silver Creek to Dunkirk, N Y
8.71
75.08
38.50
12.23
96.00
129.10
1.28
7.01
5.20
1.00
18.98
17.31
56.83
8.70
5.98
16.48
70.09
136.66
1.00
17.50
17.50
270.00
241.11
18180
250.00
4.50
76.20
17.78
7.50
Lake Shore A Mich. Cent
Savannah, Florida & Western.
WestRy.Co.ofMex. (Ltd.). .
Merged.
Merged July 1,1901.
Merged in 1892.
Consol. Sept. 7. 18.53.
Purch. Jan. 1, 1900.
Purch. Jan. 1, 1900.
Reorganized 1900.
Purch. Dec. 28, I'JOO.
Name changed in 18W3.
Purch. April, 1891.
Merged Aug., 1899.
Consol. Sept. 22. 1892.
Merged June 1. 1901.
Merged Sept. 30, 1900.
Proprietary road.
Purch. Nov.. 1895.
Purch. April 16, 1898.
Purchased in 1894.
Reorg. Jan. 13, 1900.
See Manual for 1901, p. 368
•"liihoniru* Valley
Keating Summit to Costello, Pa
Si.iux City & Northern
SiouxCity.O'NeUl & West'n.
Sioux CityTer.Ry. & W'h'se.
Sioux Falls Terminal
Sioux Falh, Y. & Southw . . .
Sl'itc Ridge & Delta
See Manual for 1898. p. 669
See Manual for 1899, p. 670.
In Sioux City, la
Wilmar & Sioux Falls
Wilmar & Sioux Falls
Union Terminal, Sioux City. ..
Great Northern Ry
Yankton & Western
Sioux Falls to So. Sioux Falls, S. D . . .
Yankton to Pierson, S. D
Slate Ridge to Delta, Pa
See page 134
Northport to Port Jefferson, N. Y. . . .
Clayton, Del., to Md. State Line
Solomon to Bcloit, K n
York A Peach Bottom
Pitts., Shawmut & North
Long Island No. Shore Br
Delaware
Smithtown & Port Jeffers. . .
Sm\Tna & Delaware Bay
Solomon RR
Schweibing to Schwcibing Mills, Pa. . .
Elizabeth to Woodbridge, N. J
Aband. and track taken up ...
Central RR of N J
Sound Shore
South & North Carolina
South Atlantic & Ohio
South Bound
South Brooklyn RR. & Ter. .
South Brunswick
South Brunswick Terminal. .
South Carolina
Elliott's to Lucknow, S. C
Bristol, Tenn., to Big Stone Gap, Va.
Savannah, Ga., to Columbia, S. C. ...
In Brooklyn, N. Y.
Manchester ic Augusta
Virginia A Southwestern . .
Fla. Cent. & Peninsular
Waynes ville to So. Brunswick, Ga. . . .
Waynesville to So. Brunswick, Ga
See Manual for 1895, p. 181
See Manual for 1S02, p. 240
See Manual for 1902 p 260
Abandoned 1899-1900
South Brunswick
South Carolina & Georgia. . . .
Southern Ry., Car. Div
Reorg. Aug. 6, 1895.
Reorg. May 13, 1894.
Consol. July 1. 1902.
Consol. July 1,1902.
Consol. April 1. 1893.
South Carolina & Ga. Ext.. . .
South Florida
So. Galveston & Gulf Shore. .
See Manual for 1894, p. 731
In City of Galveston, Tex
Savannah, Fla. A Western . . .
Abandoned 1894-95
Winslow Jet. to Cape May. etc
Carlisle to Pine Grove Furnace, Pa. . . .
London Jet. to London Hill, Col
April 28, 1898.*
Consol. Aug., 1890.
South Mountain
South Park & Lcadville
South Pittsb. & Tenn. Riv. . .
South Range, N. G
South St. Paul Belt RR
South Sho'-eRy
So. Vandalia & State Line. . .
Gettysburg & Harrisburg. . . .
Abandoned
Termini not reported
St. Paul Park to St. Paul. Minn
St. Francois du Lac to St.Lnmbert.Que
South Vandalia to Flatstone, N. Y. . . .
See Manual for 1902 p 265 .
2.00
3.58
61.50
4.00
20874
Abandoned 1895-96
Burl., Cedar Rapids & Nor. . ..
Quebec Southern
Abandoned and track taken
Purch. Feb. 16, 1901.
Acquired Oct. 17. 1901.
up Nov., 1899.
Practical, merg. 1900-01.
Merged.
Consol. Mav 1. 1900.
Oct. 1, 1894.*
Purchased 1900.
Aug. 23. 1895.*
Merged June 6, 1901.
Purchased.
Merged Oct.. 1889.
Purch. Feb. 1, 1902.
Southeastern Dakota
Southeastern RR. of S.C. ...
Smthcastern (Canada)
Southern Alabama
Southern Central
Fairfield Jet. to Bavne, N. D
See Manual for 1901, p. 329
14.84
21.38
139.30
64.97
115.26
21.55
13.50
Northern Pacific
Atlantic Coast Line RR. Co. . .
Montreal & Atlantic
See Manual for 1895, p. 962
See Manual for 1900. p. 418
Louisville & Nashville
Stark to Buxton, la
Chicago & Northwestern
Nashville, Chat. & St. Louis. ..
Southern Iron Co.'s RR
See General Index
Southern Kansas
Southern Missouri & Ark
Southern Oregon RR Co. . . .
See Manual for 1888. p.' 942
Cape Girardeau to Hunter, Mo
841.52
92.40
2.00
39290
2,705.60
167.45
' 122.83
238.87
100.41
6.19
1.00
51.00
7.01
34.00
37.22
16.50
33.50
Atchison, Top. A Santa Fe. . .
S. L.. Memph. A Southeast.. . .
Abandoned 1896-97
Southern Pacific (of Ariz.) . .
Southern Pacific (of Cal.) . . .
So. Pacific (of New Mexico)..
Southern Ry. in Indiana
Southern Ry. in Kentucky. .
Southern Ry. in Mississippi. .
Southern Rv of Texas
See Manual for 1902, p. 580.. . .
See Manual for 1902, p. 580
Ariz. Line to E. bank Rio Grande
No road built bv this company
See Manual for 1902, p. 228
See Manual for 1901, p. 384
Tex. Line to Pan Handle City, Tex ...
N. Y. State Line to Mass. Line
Southfield to Southfield Furnace, N. Y.
Heartpine to Greenville, Fla
Sioux Falls to So. Sioux Falls, S. D. . ..
Smithton to Pike Citv, Ark
Consol. March 10. 1902.
Consol. March 10. 1902.
Consol. March 10. 1902.
Proprietary line.
Proprietary- line.
Proprietary line.
Absorbed Feb. 15. 1899.
Purchased in 1891.
Reorganized in 1902.
Name changed in 1890.
Reorg. Mar. 13, 1900.
Absorbed Sept. 2. 1901.
Merged May 20. 18%.
Merged July'. 1901.
Purchased in 1895.
Purch. April 29, 1889.
Julv 25. 1896.*
Merged in 1900.
Merged Sept. 1.1896.
Southern Pacific RR
Southern Pacific RR
Southern
Southern
Southern
Atchison, Top. & Santa Fe . . .
Fitchburg
Not operated since 1889
South Georgia & West Coast. .
Southern Vermont
Southfield Branch
South Georgia
S. Sioux Falls Rv.& R.T.Co. .
Southw'n, Ark. A Ind. Ter . .
Southwestern Alabama
Southwestern Mineral
Southwestern (Fla.)
Southwestern RR of Ariz. . .
Arkansas Southwestern
Newton to Elba, Ala
Savannah.Florida & Western .
Missouri, Kansas & Texas. . . .
Operations suspended
El Paso A Southwestern
Labette to Mineral City, Kan
Green Cove Springs to Melrose, Fla. . .
See Manual for 1902 p 1502
Spartanb., Unionv. & Col —
Alton to Spartanburg, S. C
68.00
2.18
112.20
50.05
14.33
3.18
11.56
' ' ' 8.66
7.66
11.20
2.20
7.56
Asheville A Spartanburg
Boston A Albany
Mars'l Jct.,AVash.,to Idaho Line & brs.
See Manual for 1900, p. 584
Hauser Jet. to Cceur d'Alene, Id
At Springfield, Mo
Termini not reported
Termini not reported
Spokane & Seattle
Northern Pacific
Northern Pacific.
Spokane Falls & Idaho
Springfield Connecting
Springfield & Sardinia
Spring Garden Connecting . .
Btacvville
Abandoned in 1886
Illinois Central
Absorb. Nov. !. 1807.
Merged Oct. 1.1890.
Consol. Aug. 10. 1893.
Merged Nov. 26. 1895.
Merged July 1.1901.
Stnmfnrd A New Canaan. . . .
State Line
New Canaan to Stamford, Ct
Uniontown to Smithfield, Pa., and br .
Pee statement of B. * S. RR.O>
111. State Line to Clarke Jet.. Ind
N. Y., New Haven & Hartf . . .
Fairm., Morgan & Pittsburg. .
Buffalo A Susquehanna
South Chicago & Southern . . .
State Line
State Line A Indiana City. . .
*Acxjuired by purchase at foreclosure or reorganized after foreclosure sale on date give
116 POOR'S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
NAME or OLD COM PANT.
TERMINI or COMPLETED ROAD
AT THE TIME or ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME or COMPANY
BT WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY KXIST-
ING COMPANY.
Statesville to Taylorvillc N C
20.36
16.27
12.50
4.00
14.08
Southern
Purchased Aug. 1894.
Purchased K-b , 1891
Merged .lune 30. ISW.
Rcorg. June 1, 1895.
Om^l. Jan. 1. 1902.
Merged 1901-02.
Proprietary rood.
Purch.Jan. 3, 1901.
Merged May, 1894.
Stewart.
Floral Park to Bethnage,' N. Y., 4 br. .
Whitebcar to Stillwater, Minn
Long Island
Stillwater A St Paul
St. Paul A Duluth
Noland Land A Tr. Co
Stone Mt. HK. A Quarry Co .
St.my (love * CaUkill Mt... .
Ulster A Delaware . . .
Hanccville to Stouts Mountain, Ala. . .
Goshcn to Findlev. Mich
See Manual for 1900, p. 545
Harlem River to 177th St. A 3d Ave. ..
Suffolk, Vn., to Terminus and brs
In Texas; lumber road.
Termini not reported
See Manual for 1898, p. 1 172
Wateree Jet. to Sumter, S. C
See Manual for 1900 p 094
5.95
35.81
41.00
3.74
35.00
7.50
16.00
0.75
15.81
55.88
43.44
4.46
Louisville A Nashville
Lake Shore A Michigan So ...
St. Louis Southwestern
Manhattan
Sturgis, Goshcn 4 St. Louis. .
Stuttcart A Arkansas Riv. . .
Suburban Rapid Transit
Suffolk Lumber G>.' s RR . . .
Sulphur Lumber Co.'s RR. . .
Summervillc 4 St. Johns. . . .
Summit Branch RR
Sumter A Wutcrec River. . . .
Sunburv 4 Lewiston Ry. . . .
Sunb'y,' Hazlet. A W'barre.. .
Suncook Vy. Extension
Superior Belt Line A Term. ..
Superior Short Line
Abandoned March 31, 1894. . .
Abandoned
Abandoned.
Southern Ry., Car. Div. . . .
Absorbed'itec."3i.'i602.'"
ConsoL June 1, 1900.
ConsoL June 1, 1900.
Proprietary road.
Purchased in 1894.
Merged Aug. 1,1895.
Merged Aug. 1,1895.
Consol. March 26. 1901.
Consol. April 1. 1901.
Merged April, 1896.
Consol. Sept. 7, 1893.
Schuylkill A Juniata
Sunbury to Tomhicken, Pa
Pittsfield to Centre Barnstead N H .
Schuylkill A Juniata
Concord A Montreal
New Duluth, Minn., to Superior, Wis. .
11.09
8.28
2.60
25.00
10.00
24.01
Northwestern CoaL
Chic., St. P., Minn. A Om
Chic., St. P., Minn. A Om ....
Beech Creek Extension ....
Superior Sht. L. Ry. of Minn .
Susquohnnnn A Clearfield... .
Kusquehanna A New York . .
Suspen. Bridge A Krie Jet. . .
Susouch'inm
Keating to Karthaus, Pa
Gaines, Pa., to N. Y. State Line
E. Buffalo Jet. to Suspen. Br., N. Y. . .
Buffalo A Susquehnnna
Erie
CostellotoHnll. Pa. . .
12.65
44.75
6.00
45.49
17.11
13.50
ll'.SO
Suwannee River 'See Manual for J895. n. 201
Operations suspended
Syracuse A Baldwinsville —
S>Tacuse. Ontario A N. Y. . .
Syrac., Pheenix A Oswego. . .
Tacoma A Columbia River. ..
Tac. A L. Citv RR. A Nav. . .
Tac.. Lake Park A Col. Riv. .
Tacoma.Olymp.A Orny's H. .
Tacoma.Orting A S* eastern. .
Talledega A Coosa Valley. . ..
Tallahassee A Northern
Baldwinsville to Amboy, N. Y
Syracuse to Earlville, N. Y
Oper. susp. in July, 1892
West Shore
Consol July 2 1891
Woodards to Fulton, N. Y
Rome, Watert. A Ogdensb. . .
Abandoned ....
Merged Aug. 7, 1890.
Tacoma to Terminus
No road built by this company
Tacoma to Lake Park, Wash
See statement of Nor. Pac. Rv. Co. . . .
Tacoma A Columbia River. . ..
Tacoma A Columbia River. . ..
United RR 's of Wasli
Purchased.
Sept., 1896.*
Orting, Wash., to Puvallup River
J Talladega to Pell Citv. Ala
1 Br. : Ragan to Ore Beds
10.61
26.90
2.70
40.00
21.00
22.50
13.33
29.00
Northern Pacific
Merged Sept. 1, 18%.
Oct., 1890.*
j- Birmingham A Atlantic
Road abandoned 1891-92 . .
Tallahassee Southeastern. . .
Tamaroa A Mt. Vernon
Tampa A Thonotosassa. ....
Tavares, Apopka A Gulf. . . .
Tavares, Orlando A Atlantic.
Taylor's Falls A L. Superior .
Tecumseh
Tennessee A Coosa
Tallahassee to Wacissa, Fla
Operations suspended. . .
Tamaroa to Mt. Vernon, 111 . .
Wabash, Chester A West'n.. . .
Savannah, Florida A Western.
Tavares A Gulf
Purchased 1893.
Merged July 1.1901.
Reorg. Jan., 1890.
Purchased 1894.
Merged June 30, 1899.
Purch. March, 1900.
Purchased.
Purch. July 1, 1889.
Tampa Jet. to Thonotosassa, Fla
Tavares to Clermont, Fla
Orlando to Oviedo, Fla
Wyoming to Taylor's Falls, Minn
15.67
12.50
Florida Cent. A Peninsular.. . .
St. Paul A Duluth
Shawnee to Tecumseh, 0. T
5.50
37.50
15.30
12.00
135.60
4.00
10.16
12.00
2.66
34.00
10.00
38.00
72.00
Choctaw, Okla. A Gulf
Nash., Chattanooga A St. L . .
East Tenn., Ya. A Georgia. . . .
Not in operation.
Louisville A Nashville
Tennessee A Ohio
Rogersville to Rogersville Jet., Tenn. .
Spring Citv to Jewett, Tenn
Tennessee Central
Tennessee Midland.
Tenn. Riv., Ashv. A Coosa . .
Terminal . .
Memphis to PerrwiUe, Tenn
Whitney to Ashville. Ala
Chappell to Union Stock Yard
See General Index
See Manual for 1898,p.527.
Proprietary road.
ConsoL Oct. 1. 1889.
Consol. July 30. 1889.
Purch. Nov., 1894.
Reorg. July, 1889.
Vame changed in 1899.
Acquired Feb. 9. 1901.
Merged May 1. 1897.
Merged June 1, 18%.
Merged Dec. 22, 1899.
Abandoned
Michigan Centra)
Terminal RR. Assoc. of St. L.
Terminal RR. Assoc. of St. L.
Kans. Citv, Pittsb. A Gulf
Texarkana A Fort Smith
Tcxark., Shrevep. A Natchez
Texas A Pacific
Terminal RR. (East St. L.) .
Terminal RIU St. Louis. Mo.)
Texnrkana A Fort Smith
Texarkana A Northern
Texarkana A Shreveport
Texark.,Shrevep.A Natchez..
Tex.. Louisiana A Fasten). . .
Texas Transportation. . . .
Texas Trunk
At St. Louis. Mo
Texarkana to Winthrop, Ark.
Texarkana to Red River, Tex.
Texarkana to Loma
Texarkana, Ark., to Shreveport, La. . .
Conroe, Tex., to end of track
Houston to Clinton, Tex.
Dallas to Cedar, Tex
29.60
7.90
51.68
52.00
5.00
Gulf, Col. A Santa Fe
Texas A New Orleans
Texas Western
Tiadaghton A Fahnestalk. . .
Tilton A Bclmont
Tionesta Vv. A Salmon Ck . .
Toledo A Michigan Belt
Houston to Secley, Tex
Tiadaghton to Fahnestalk Creek, Pa. .
Abandoned
Abandoned
I::::::::::::::::::::::
Tilton Jet. to Belmont, N. H
Kellettville to Ross Run, Pa
4.17
6.00
3.05
385.19
6.00
36.60
40.00
298.80
4.20
78.00
48.70
15.00
62.00
450.72
6.00
Concord A Montreal
Sheffield A Tionesta,
Merged March. 1901.
Merged June 1, 1901.
Merged Jan. 29. 1897.
Merged June 6, 1890.
May 23,' 1894.'*""
Merged Jtilv 1.1890.
"epl. 21, 1895.*
Acquired May 1. 1899.
Purch. Nov. 1. 1892.
Rcorg. Ma v 28, 1889.
Purch. Dec. 1. 1890.
Reorg. Jan. 1. 1890.
Reorg. July, 1900.
See General Index.
Toledo Can So A Dct
Toledo A Northwestern.
Toledo A Ohio Northern. . . .
Toledo A South Haven
Tol., Ann Arbor A L.Mich
ToL. Ann Arbor 4 No. Mich..
Toledo Belt
See Manual for 1891
Fayette, 0.. West
Lawton to South Haven, Mich
Owosso to St. Louis
Toledo, 0.. to Frankft, Mich . A bra. .
In Toledo. O. .
Chicago A Northwestern
Abandoned
South Haven A Eastern
Tol., Ann Arbor A No. Mich. .
Ann Arbor. . ....
Toledo. Columbus 4 Cin. . . .
Tol., Columbus 4 Southern. .
Toledo. Findlav 4 Springf. . .
Toledo, Saginaw A Mack. . . .
Toledo. St. L., 4 Kan. City.
Toluca 4 Eastern
Toledo to Ridgewav, Col
Toledo A Ohio Central
Toledo. Col. A Cincinnati
Bowling Green
fin.. Saeinaw A Mack
Toledo, St. Louis A Wost'n . . .
Toluca, Marquctte A North'n.
Toledo to South Findlav. O
Bowling Green to No. Baltimore, 0. . .
Durand to West Bav Citv. Mich. . .
Sec Manual for 1900. p. 312. ...
Toluca to Rutland 111.
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
POOR'S MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED IN OTHER LINES— Continued.
11?
NAME OF OLD COMPANY.
TERMINI OF COMPLETED ROAD
AT THE TIME OF ITS ACQUIRE-
MENT.
LENGTH IN
MILES.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY Kxisr-
INO COMPANY.
Toms River & Barnegat
Toms River & Waretown
Tonawanda Valley & Cuba.. .
To|>eka, Ockmulgee & Gulf. .
Toms River to Barnegat, N. J
14.71
14.83
33.00
16.00
52.00
5.00
Central RR. of New Jersey. . .
Central RR. of New Jersey. . .
Proprietary road.
Merged in 1888.
Jan. 19, 189J.»
Toms River to Barnegat, N. J
Attica to Freedom, N. Y
Road abandoned
Topcka, Salina & Western. . .
Tu|)cka, West. & Maysville. .
j Council Grove to West Line, Dick- 1
Kan.&CoLPac
Consol Dec. 27, 1890.
1
Aband'd; tr. taken up 1892-3.
See Dept of St. Rys
Tower & Soudan
Tredegar Mineral
Jacksonville to Tredegar Jet., Ala. . . .
Morrisville to Bucks Co. Line, Pa
4.00
15.02
East & West .
Merged 1899-1900.
Trenton Cut-off.
Pennsylvania . . .
Tren., Lawrencev.& Prince'n
Trinity Valley
Trenton to Stony Brook, N. J
Dodge to Oakhurst, Tex
9.59
6.00
16.00
17.52
8.00
10.00
10.24
N J.&Pa.Tr.Co.— St.Rys..
Trinity Valley Southern . . .
Trout Run
Troy, Saratoga & Northern. .
Tucson, Globe & Northern . .
Tuifl'n, King& Fairchance .
Turbotville & W'rasport. . . .
Turtle Creek Valley.
Tuscaloosa Belt
Tyler Southeastern
Cammal to Pump Station, Pa
) Saratoga to Saratoga Jet., N. Y. . . .
1 Schuyler to Schuyler'le Jet., N. Y. . .
Tucson, Ariz., northward
Tunnelton to Kingwood, W. Va
Cammal & Black Forest
[ Fitchburg
Merged in 1893.
Purch. June 1, 1887.
Abandoned
West Virginia Northern
Name changed in 1895.
Consol. Feb. 1. 1893
Merged May 31, 1893.
Rvs.
Consol. Oct. 6, 1899.
No road built by this company.
Central Penna. & Western
Pennsylvania
See General Index — Dept. St.
St. L. Southw'n Ry. of Tex. . .
Baltimore & Ohio
Stewart Sta. to MurraysvUle, Pa
At Tuscaloosa, Ala
Tyler to Lufkin, Tex
6.44
2.80
88.60
2.00
Tylerdale Connecting
Tylerdale, Pa., to Jet. B. & 0. RR
Tyrone & Lock Haven
Bald Eagle Valley
I Ultima Thule, Arkadel- 1
28.00
1.28
915.25
225.52
10.35
9.05
3.50
5.18
66.00
Purchased in 1901.
Consol. Oct. 1, 1889
Reorg. Dec. 20, 1S98.
Merged Nov. 1, 1898.
Consol. Oct. 27, 1890.
I phia & Mississippi Riv. |
Union Depot Co. (St. L..Mo)
Union Pacific, Denv. & Gulf..
Union Pac., Lincoln & CoL . .
At St. Louis, Mo
Term.RR.Assoc.ofSt.L....
Colorado & Southern
See Manual for 1898, p. 210
Salina to Oakley, Kan
Union Elevated
Elevated roads in Brooklyn, N. Y. . . .
Baltimore to Bay View Jet
Brooklyn Elevated
Union RR. of Baltimore. . . .
Union Ry. & Terminal Co.. . .
See Manual for 1899, p. 795. . .
Term. RR. Assoc. of St. L
Kansas City Southern
Consol. July 30, 1889.
Purch. Jan. 1, 1902.
Purch. in 1900.
Merged Sept. 1, 1896.
Consol. Aug. 1, 18X9.
ConsoL Aug. 1, 1889.
See page 611.
ConsoL Aug. 1, 1889.
Aprils, 1890.*
Union Terminal
United Counties
State Line, Mo., to Argentine, Kan. . ..
Iberville to Sorel, Que
United RRa. of Washington..
Utah & Nevada
Sundry lines in Washington
See Manual for 1899, p 923
180.72
39.44
457.49
74.52
275.50
Northern Pacific
Oreg. Short Line & Utah No . .
Oreg. Short Line & Utah No. .
Oregon Short Line
Oreg. Short Line & Utah No . .
Utah Central
Utah & Northern.
See Manual for 1889, p. 880
Utah & Pacific
Utah Central
Milf ord, Utah, to Nev. State Line
See Manual for 1889, p. 923 . . .
Utah Western
See General Index
Utica&UnadillaVy
0.75
Dissolved Aug. 29, 1894
Vallev
16.77
88.00
9.00
1.05
15.00
10.00
20.00
6.96
Delaware <fe Hudson Canal . . .
Cleveland Terminal & Vy. . . .
Abandoned 1900
Proprietary line.
Oct. 3, 1895.*
Valley (Ohio)....
Cleveland to Valley Jet., 0., and br.. . .
West Line, Pa., to Bells, Pa
Valley RR
Valley RR. & Connecting Co.
Vancouver, Klick & Yakima.
Van Wert <5t Paulding
Chesapeake & Ohio
Owned line.
Merged Dec., 1897.
Vancouver to Salmon Creek, Wash. . ..
Portl'd, Vancouv. & Yakima .
Road abandoned 1892-3
Velasco Terminal
Venice & Carondelet
Anchor to Velasco, Tex
Junction to Venice, 111
Velasco, Brazos & Northern. .
L'sv.,Ev'nsv. & St. L., Cons. ..
April, 1901.*
Consol. Mav 21. 1889.
Purch. 1899-1900.
Feb. 4, 1889.*
Merged June, 1898.
Purch. 1899-1900.
Ventura & Ojai Valley
San Buenaventura to Nordhoff, Cal. . .
Vicksburg to Meridian, Miss
15.13
143.39
129.10
7.41
11.50
54.77
20.00
30.18
27.00
2.00
15.26
65.00
154.19
21.00
23.00
50.12
1.00
4.44
29.38
35.50
5.68
70.40
5.85
13.37
2.45
Southern Pacific RR. of Cal . .
Alabama & Vicksburg
Vicksburg & Meridian
Virginia Midland . ...
See Manual for 1898 p 796
Southern Ry
Visalia
Goshen to Visalia, Cal
See Manual for 1900 p 653
Southern Pacific RR. of Cal . .
Abandoned in 1900
Visalia & Tulare RR
Waco & Northwestern Div. ..
Waldo & Fort Smith
Bremond to Ross, Tex
See Manual for 1900 p 549
Houston & Texas Central . . .
Abandoned in 1 900
Merged June 30, 1898.
Walla Walla & Col. River...
Walterboro & Western
Wallula Jet. to Walla Walla, Wash. . .
Walterboro to Ehrhardt S C
Oregon RR. & Nav. Co
Green Pond, Walterb. & Br'v.
See page 611.
Consol. March 1, 1900.
Waluskie
Warren & Farnsworth
Clarendon to Dunham's Mills, Pa
Washburn, Wis., to Iron River and brs
See Manual for 1896, p. 328
Brandywine to Mechanicsville, Md ....
Brandywine to Mechanicsv., Md.,& br.
Alexandria to Round Hill, Va
*Vt Watauga Tenn
Tionesta Valley
Consol. Aug. 3. 1894.
Purch. June 16, 1902.
Merged Julv 16. 1896.
July 27. 1901.*
Name changed.
July 1, 1894.*
Reorg. March 20, 1895.
Purch. Mar. 8. 1893.
Merged Oct. 15. 1899
Purch. Jan. 1891.
Manual for 1898. p. 230.
Name changed Dt'C. 1, '01
ConsoL Mav. 1892.
Purchased in 1892.
Merged Nov., 1895.
Washb., Bayfd. & Ind. Riv. .
Washington <fe Idaho
Washington <fe Potomac
Washing.C'y <fe Pt. Lookout .
Washington, Ohio & West'n .
Watauga Vallev
Oregon RR. & Navigation. . . .
Wash., Potomac & Chesap . . .
Southern
Watertown & Waterbury . . .
Watonwan Valley
Waukesan & Southwestern.
Waverly Short Line
Wuvoross Air Line
Waynesburg & Canton
Webster City & Southw'n.. . .
Weehawken Branch
Watertown to Waterbury, Ct
Madeliato Fairmont, Minn
Spaulding to Waukegan, 111
Near Winslow to Waverly, la
Waycross to Fitzgerald, Ga
Naugatuck
Chic., St. Paul, Minn. & Om. ..
Elgin, Joliet & Eastern
Burl, Cedar Rapids & No.
Atlantic & Birmingham
Cleveland, Canton A South. . .
Border Plains to Webster City, la. ...
Jersey City to Weehawken, N. J
See Manual for 1898 p 1460
Erie
Welch's Mill 4 CentervilJe. . .
Wellington, Gray & Bruce. . .
j Guelph, Ont., to Southampton, Ont.
I Palmerston to Cincardine, Ont
101.75
66.60
[ Grand Trunk Ry
Consolidated in 1S93.
* Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
118
POUlt's MANUAL OF RAILROADS.
LIST OF RAILROADS MERGED INTO OTHER LINES.— Continued.
N AME OK OLD COMPANY.
TERMINI or COMPLETED ROAD
AT THB TIME OF ITi ACQUIRE-
MENT.
LENGTH IN
MILK.--.
NAMK o;- COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMKNT
REFERENCE SHOULD
BE MADE.
WHEN AND How
ACQUIRED BY EXIST-
ING COMPANY
Wellsville, Bolivar & Ddred.
West Amcsbury Branch RR.
Wrst Hrancli
West Branch A Moorcstown .
West Feliciana
\\ , .t Jersey
( Wellsville to Little Genesee, N. Y. ..
19.07
1.55
' ' 445
10.50
25.60
184.84
39.74
{• Abandoned in 1893
) Bolivar to Richburg, N. Y
W. Amesb'y, Mass., to Newton, N. H. .
Termini not reported
iloorestown to Muskegon Riv., Mich. .
'hud in to Ethel, La
See Manual for 1895 p 672
Boston A Maine
Purch. July 1, 1893.
Abandoned June 21 1894 . . .
Louisv., New Orl A Texas . . .
West Jersey A Seashore
Purch. Oct., 1889.
Consol. May 4. IH'.ir,
Consol. May 4. 1N%.
Merged June 25, 1901
Proprietary road.
iuiltu branch,
Merged Jan. 1, 1901.
Sec Manual for 1895 p. 675
West Jersey A Seashore
West Shore 4 Ont. Term. Co.
See Manual for 1900 p 134
West Shore
West Side Avenue to Danforth Ave. . .
West Troy to Green Island, N. Y
Fontanelle to Cumberland, la
See Manual for 1890 p 59
0.94
1.08
20.33
Central RR. of N. J
West Trov A Green Island. . .
Western Iowa RR
Western New York.
Chic, Burlington & Quincy. .
Western N. Y. A Penn
Western North Carolina
Western Oklahoma
Salisbury to Paint Rock N C
184.90
117.00
5,50
15.25
8.00
16.00
1900
05.00
7.88
47.00
130.72
94.76
2.65
0.80
12.00
31.00
10.00
8.00
116.20
50.92
Purch. Aug. 21 1894.
Purch. Mav 1, 1902.
June 6, 1892.*
Consolidated 1889.
Aug.'l9,'l902.*'"
Purchased in 1890.
Haileyville Jet., 0. T.. to Ardmorc.I.T
Choctaw, Okla. A Gulf
Southwestern
Western Rv of Fla
Weston & Buckhannon
Wheeling & Elm Grove
White River, Lonoke A W. . .
White River Valley
Wliito Water
Clarksb., Weston A Midl'd . . .
See General Index for St. Rys.
Abandoned 1900-01
White River
Wheeling to Elm Grove, W. Va
Wooley to Lonoke, Ark
Rochester to Bethel, Vt
Harrison to Hagerstown. Ind
WhitnevviUe to Machiasport, Me
West Wichita to Hutchinson, Kan
See Manual for 1891, p. 12
Wichita to Pratt Kan
Clev., Cin.. Chic. A St. I
Road abandoned 1891-92 . .
Whitney ville A Machiasp't. .
Kansas A Col. Pac
Consol. Dec. 27. IVi'.i.
Merged Oct., l.v-'.i.
Merged Dec. 31, 1898.
Wichita A Southwestern
Atchison, Top. A Santa Fe. . ..
Atchison, Top. A Santa Fe. . ..
Road abandoned 1894-95
U'ilkcsbarre A Northern. . .
Wilkesbarre A Western. . . .
Wms. Mills A Little Black R
Wilw'd Logg' g Branch RR..
Luzerne to Harvey's Lake, Pa
Wilkesb., Dal. A Har. Lake. . .
Central Penn. A Western
Aug., 1898.*
Consol. Feb. 1, 1893.
Watsonv. to Orangev., Pa., A br . . . .
Termini not reported
Branch line owned.
Branch line owned.
Namechgd. Mar. 18, 1K99.
Wilson N. C., to S. C. State Line
Wilmington A Weldon
Wilson A Summerton
Willamette Valley A Coast. .
Williamsv., Grecnv. A N. E..
Wilmington A Conway ....
Wilmington A Newbern
Wilmington A Weldon
Wil., Chadbourn A Conway.
Wilm., Columbia A Augusta
Wilm., Newbern A Norfolk.
'•Vilm. OnslowAE.Car....
Wilmington Sea Coast
Winchester A Beattyville. .
WingletonAWolfLake... .
Winnipeg A Great Northern
Winona A Southwestern.. . .
Winona A Western
See Manual for 1898, p. 295
See Manual for 1896, p 345
Northwestern RR. of S. C
Williamsville toward Greenville, Mo.
Conway, S. C., to Hub, N. C
Wilmington to Newbern, N. C
10.71
50.88
87.25
778.66
50.88
246.76
. 87.25
Williamsv., Greenv. & St. L. ..
Wilm., Col. A Augusta
Wilmington A Weldon
Purch. March 1, 1894.
Purchased in 1895.
Purch. Dec. 1, 1897.
Consol. May 1, 1900.
Dec. 10, 1894.*
Consol. Jiilv 18, 1898.
July 15, 1897.*
Name changed in 1894.
Consol. in April, 1902.
Name changed in 1893.
See Manual for 1900 p 348
Atlantic Coast Line RR. Co. . .
Conway, S. C., to Hub, N. C
See Manual for 1899 p 396
Atlantic Coast Line of S. C . . .
Wilmington to Jacksonville.N. C
Wilmington to Atlanta Sta., N. C. . . .
j Beattyv. Jet. to Beattyville, Ky.. .
1 Beattyville to Coal Mines
50.15
11.81
5.60
1.40
10.00
40.00
114.50
122.00
1.35
11.45
15.00
43.46
19.00
418.51
4.00
93.70
122.90
10.00
10.29
12.03
12.50
12.00
11.00
' 130.46
17.02
20.50
40.00
42.30
10.00
0.49
4.00
Wilmington, Newb. A Norf. . .
Consol. Ry's L't A Pow.Co.. . .
[ Beattyville A Cumb. Gap. .
A band.; track taken up 1890-1
Canadian Northern
Logging road
See Manual for 1899, p. 897
Merged 1899.
Nov. 1, 1894.*
Purch. Oct. 1, 1901.
Owned line.
Purch. July 1, 1893.
Winona, Minn., to Osage, la
Winona to Osage, la
Winona A Western
Wisconsin, Minn. A Pacific.. . .
Winona A Southwestern
Winona, Osage A Southw. .
Winslow A Richland
Winslow to Richland N J
WintonRR
St. Johns to Winton, N. C.
Abandoned 1900-1901
Wiscasset A Quebec
Wiscasset, Watcrv. A Farm'n.
Marinette, Tom. A Western . .
Wisconsin Central Rv
Reorganized 1901.
Purch. June 30, 1898.
Reorg. Jtilv 13, 1899.
Purchased 1898.
Purchased.
Purchased April, 1899.
Purchased in 1891.
Purch. in June, 1892.
Wisconsin A Chippewa ....
Wisconsin Central Co
Wisconsin Midland
See Manual for 1898, p. 141
See Manual for 1899, p. 363.
Tracks in Fond du Lac, Wis
) Red Wing to Mankato, Minn
1 Morton to Watertown Jet., Minn.. .
J Dexter ville Jet. _to Pittsville, Wis. .
Chic., Milwaukee A St. P
Chicago Great Western
Minneapolis A St. Louis
{•Chic., Mil. A St. Paul....
Wisconsin, Min. A Pacific. .
Wis., Pitts v. A Superior. . . .
Wolfeborough
Wolfeboro' Jet. to Wolf'eboro', N. H. .
Termini not reported
Termini not reported
Wood Omntv
Woodsville A Southern. . . .
Wrightaville Narrow Gauge
Wyoming A Eastern
Wyoming Central
Road abandoned 1893-94
Reorg. June, 1892.
Termini not reported
Road abandoned 1893-94
No track laid by this company.
Neb. State Line to Casper, Wyo
Mover Sta. to Cumberland, Wyo. . . .
Moorhead to Ruleville, Miss ....
Sioux City. O'Neill A West'n .
Fremont, Elkhorn A Mo. Vy. .
Oregon Short Line
Oct. 27, 1901.
Consol. June 4, 1891.
See page 611.
Acquired in 1900.
Consol. April 21, 1891.
Consol. Frb. 15, 1901.
Merged 1899.
Wyoming Western
Yazoo Delta,
York A Peach Bottom
York Southern RR
Youghioghcny
Youghiogheny A Wick Hav.
Youghioghen v Central
X.nnes ville A Ohio River Ry
Zanesville Terminal
York to Peach Bottom, Pa
See Manual for 1900, p. 212
Irwin to Gratztown, Pa
Banning to Wick Haven, Pa
See Manual for 1899, p. 242
Baltimore A I.ehigh
Maryland A Pcnn. RR
Pennsvlvnnia RR
Transferred to yard tracks . . .
Zanesville to W. Marietta, 0
See Manual for 1902, p. 1521.
72.04
4.7
700
Ohio A Little Kannwha
Reorg. March 1, 1900.
Acquired Jan. 1, 1902.
Zealand Valley
Zealand to Zealand Notch. N. H
\bandoned in 1803
'Acquired by purchase at foreclosure or reorganized after foreclosure sale on date given.
POOR'S MANUAL OF RAILROADS.
2.— Street Railways.
(See also MANUAL for 1901, pp. 167-176.)
119
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OK
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
Akron & Cuyah. Falls R.T
Northern Ohio Traction.
Southern Light & Trac.Co.
J- Albany & Hudson .
Out of existence.
Allentown ARead. Trac
Stark Electric.
San Jose & Santa Clara.
Fonda, John. & Glovers.
Wisconsin Trac., L.,H. AP.
Co.
Asheville Elec. Co.
Asheville Elec. Co.
jeorgia Ry. A Electric.
Georgia Ry. & Electric.
(- Monmouth County.
\uburn A Syracuse.
Auburn & Syracuse.
Augusta-Aiken Ry.&Elec.
Aug. , Winthrop AGardiner .
Elgin, Aurora & Southern.
Elgin, Aurora & Southern .
•Yurora, Elgin & Chicago.
\uslin Electric Co.
\urora, Elgin & Chicago .
jewiston.Brunsw'kABath.
•"t. Pleasant Traction Co.
•J. St. Louis A Suburban .
iails taken up.
Whatcom Co. Ry. & Light.
OmahaACoun.BluffsSt.Ry.
Norfolk, Portsm.& N.News
Co.
Boston & Northern.
Out of existence.
[• Binghamton.
See statement of St. Louis
& S.Fran.
Jloomington &Nonnal Ry.
El. & Heat Co.
ioone Elec trie Co.
3onn. Ry. & Lighting Co.
Old Colony Street,
'hila., Bristol & Trenton,
'acific Electric,
nternational Traction,
nternational Traction,
nternational Traction,
nternational Traction.
- International Traction.
Buffalo.
Operations suspended.
Vlauch Chunk, Lehighton &
Slatington.
Canton- Akron .
Carrollton Water.L.&P.Co.
i'onda, Johnstown & Glov-
ersville.
Kansas City Ry. & Light .
Cleve. & Chagrin Falls El.
'ittsburgh Rys.
tanawha Vy. Traction,
nterurb. Ry. <fe Term. Co.
Banta Barbara Consol.
Citizens Trac. Co.
discontinued .
Savannah Electric.
City Elec. (La Salle, 111.) .
City Ry. (Fremont, Neb.)
Cleve.& Chagrin Falls Elec
Cleveland, Elyria & West.
Clifton Susp. Bridge Co. ..
Clinton & Hudson
Out of existence.
Out of existence.
Eastern Ohio Traction.
Cleve. A Southwest Trac.
International Ry.
Worcester Consolidated.
United Trac. (of Albany).
East St. Louis & Suburban.
Kingston Consol .
3ol. Spgs. & Interurban.
Washington Ry.A Elec. Co.
j Pittsburgh, McKeesport
1 & Connellsville.
j Pittsburgh, McKeesport
1 & Connellsville.
Pittsburgh, McKeesport A
Connellsville.
Vorthern Texas Traction.
Dallas Elec. Corporation.
Worcester A Conn. Eastern
3ayton & Xenia Transit.
Jtica & Mohawk Valley.
Del. Gen. Elec. Ry.
Col. Del. &M. Elec.
Conn. Ry. & Lighting Co .
J- Steam RR. Dept.
Detroit United.
Detroit United.
Slack River Traction.
Philadelphia & Easton.
Du Bois Elec. & Trac. Co.
Buffalo, Dunkirk & West.
^ New Bedford A Onset.
Northampton Traction.
Slgin, Aurora <fe So. Trac.
iuffalo & Lockport.
Paso Robles St.. Ry.
El Paso Elec. Co.
il Paso Elec. Co.
iartford & Springfield .
Srie Traction.
Drie Traction,
•^rie Traction,
fol.. Bowl. G. & So. Trac.
Seattle Electric Co.
Vorcester Consolidated .
Ft. Smith Gas. & Elec. Co.
• Ft, Smith Lt. & Trac. Co.
^t. Smith Light & Trac.Co.
!• Northern Texas Trac.Co.
Wisconsin Trac., L., M. A
P. Co.
Utica & Mohawk Vy.
A. P. & A. J. Goddard.
Fresno City.
\bandoned.
Cieorget.A Lexington Trac.
J- Hudson Valley.
!• Northern Texas Trac. Co.
Brockton .
3oston A Northern.
Freeport Ry. A Klec. Co.
Grand Rap., G. H. A Mus-
kegon.
Albany & Hudson Ry. &
Allentown & Kutztown Tr
Alliarce Klectric
Collinsville, Caseyville & |
East St. Louis f
Colonial Traction Co
Col. Spgs. Rapid Transit. .
Columbia
Amsterdam Street
Appleton Elec.Lt.&Pow. •
Asheville&BiltmoreElecSt
Asheville Street
Connellsville & Uniontown
Connellsville, New Haven
& Leisenring
Connellsville Suburban. . •
Dallas & Oak Cliff. . .
Dallas Consol. Elec. St
Danielson A Norwich St. . .
Dayton & Xenia Traction..
Atlanta Ry. A Power
Atlanta Rapid Transit. . . .
Atlantic Highlands, Rer
Bank & Long Br. Elec..
Auburn Interurban Elec..
Augusta.Hallowell&Gar- 1
Aurora & Geneva
Aurora, Wheaton & Chic . .
Austin Rapid Transit
Delaware Elec. Trac. Co. . .
Derby Street
Batavia & Eastern
Detroit & Pt. Huron Short
Line
Bath Street
BayHead&PointPleasant .
Detroit, Roch., Romeo & L.
Detroit, Utica & Romeo . . .
Dexter & Brownsville
Doylestown A Easton
Belleville Traction
Bellingham Bay Electric . .
Berkley Street ]
Dunkirk & Pt.GratiotTrac.
East Wareham, Onset Bay
& P Indeo .
Beverley & Danvers
Biloxi Street
Easton & Nazareth
Binghamton.LestershireA
Elgin Cy., Carp. & Aurora.
ElmwoodAve.&Tona.Elec.
El Paso de Robles St. Ry. .
Birmingham Belt •!
Bloomington & Normal . -j
Boone El.St. Ry. & Lt. Co.
El Paso & Juarez Trac
Enfield & Longrneadow El.
Erie City Passenger Ry —
Erie, Reed L. & Lakeside .
Findlay Street . . ...
Bristol Passenger
First Avenue (Seattle) ....
Fitchburg & Suburban. . . .
Ft.Scott Consol. SupplyCo.
Ft. Smith A Van Buren Br.
L & Trac
Buffalo . ...
Buffalo & Niag Falls.
Buffalo, Bellevue & Lane. .
Buffalo, Tonawanda & Ni-
Ft. Smith Trac., L. & P. Co.
Ft.Worth A Arlington Hts.
St
Buffalo Traction
Burlington & Mt. Holly Tr.
Carbon County . . .
Fox River Vy. Elec j
Canton-Massillon Elec. . . .
Carrollton Electric
Cayudutta Electric -j
Central Rv. & Elec. Co
Chagrin Falls & Eastern. . .
Charleroi & West Side
Charleston Traction
Freeport Gas & Klec. Co. . .
FresnoCity.Bel.&Yosemite
Gainesville & Park Street..
Georgetown Electric St.. . .
Glens Falls, Sandy Hill &
Glenwood & Polytechnic
College St
Cine. & Eastern Elec. Ry. .
Globe Street
Gloucester A Rockport St..
Goddard. A. P. & A. J
Grand Haven -|
Citizens Pass. Ry
City (Sioux Falls, S. D.). . .
120
POOR S MANUAL OF RAILROADS.
STREET RAILWAYS— Continued.
NAME or OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
Ureensburg & HeinpficUl 1
St I
Pittsburgh, McKeesport &
Greensburg.
Hudson Valley.
1 Cine. & Hamilton Trac.
Hannibal Ry. & Elec.
Helena Light & Trac.
Utica & Mohawk Vy.
J. C., Hob. & Paterson.
Indianapolis & Eastern.
• Indianapolis <fe Eastern.
[lnd.,Col. & So. Trac.
Phila. & Lehigh Vy. Trac.
\sheville Elec. Co.
[nterurban Ry.& Term.Co.
Rochester & Sodus Bay .
Niagara Falls, Wesley I
Park & Clifton Tram. . f
Niag. Falls, Park & River
Niag. Falls Susp. Bridge..
Niag. Falls, Whirlp. & No
Norfolk Southern Street..
North Dallas Circuit
Niag., St. Cath. <fe Toronto.
j- International.
Niag. Falls Susp. Bridge.
Norfolk & Bristol Street.
Dallas Consolidated.
J.C.,Hoboken & Paterson.
Lynn & Boston.
Whatcom Co. Ry. & Lt.
3onn. Rys. & Lightg. Co.
?onn. Rys. & Lightg. Co.
Rockland County Traction.
Oakland Transit Consol.
L. & Pow. Co. of Olympia.
Dmaln & Council Bluffs St .
Mew Orleans.
Out of existence.
tVestchester Traction.
Ottumwa Trac. & Light.
Daducah City.
Springfield & Eastern St.
Parkersburg <fe Interurban.
'acific Electric.
J. C., Hoboken & Pat. St.
Dut of existence.
iVorcester & Conn. Eastn.
Phila., Bris. & Tren. Pass.
New York & Stamford.
Niag., St. Cath. & Toronto.
Oregon Water & Power,
'ortland.
ladford Water Power Co.
nterurban Ry.&Term Co.
)ayton & Xenia Transit.
San Bernardino Vy.Tr.Co.
- Virginia Pass. & Power.
lich. Street Interurban.
)over, Somersw. <fe Roch.
lochester & Suburban,
lockford & Interurban.
Operations suspended.
\ew Orleans.
Cast St. Louis & Suburban.
lalem Light, Pow. <fe Trac.
Consolidated Ry. & Power.
- Lake Shore Electric.
United RRs. of San Fran,
ibandoned.
'acific Electric.
anta Barbara Consol.
• Hudson Valley.
-Savannah Electric.
«attle Electric.
Ry. & Elec. Co. of Sedalia.
Conn. Rys. & Light.
• Shreveport Traction Co.
Mauch Chunk.Lehighton
& Slatington.
sin., Dayton & Toledo,
'ittsburgh Rys.
Jrockton Street.
Virginia Pass. <fe Power.
Greenwich & Schuylerv.El
Hamilton, Glendale & Cine
Trac
Helena Power & Light . . .
Herk.. Mohawk, Ilion & (
Frankfort I
North Hudson County. . .
North Woburn Street. . . .
Northern Ry. & Impt.Co.
Norwalk Street
Hudson & Bergen Trac.. . .
Indianapolis & East. Trac .
Indianapolis & Greenfield
Norwalk Tramway
Nyack Traction
Indianapolis, Greenwood
Oakland, San Leandro & 1
Haywards Elec |
Dlympia Light & Power . .
Omaha Street
Interurban Terminal
Orleans
Dskaloosa St. Ry. & Land .
Ossining Electric
Kansas City & Leav. Trac .
Kansas City Elevated
Kans. City- Leavenworth.
Kansas City Ry. & Light.
Kans. City-Leavenworth.
Jersey Central Traction .
Kingston Consolidated.
New York & Stamford.
I Reading, Wakefield &
1 Lynnfield.
Kans. City-Leavenworth.
Kans. City-Leavenworth.
rVorcester Consol. Street .
nternational.
\ugusta, Win. & Gardiner.
Jtica & Mohawk Valley.
nternational.
-.ake Shore Electric.
3acific Electric.
[• Louisville & Eastern.
..ynn & Boston .
jynn & Boston,
jynchburg Trac. & Light,
^ynchburg Trac. & Light.
Joston & Northern Street .
rlacon Ry. & Light Co.
1 aeon Ry. & Light Co .
kladison Traction .
f Penn. & Mahoning Vy.
Jnion Traction of Ind.
United RRs. of San Fran.
Operations suspended.
Washington Ry. & Elec.Co.
j Kansas City Ry. & Light
1 Co.
J- Milford & Uxbridge.
?onn. Ry. & Lighting Co.
Cincinnati & Ham. Tr. Co.
ilillville Traction,
^enn. & Mahoning Valley.
Cast St. Louis&Suburban.
Mobile Light & RR.
'ittsburgh & Charleroi.
Adirondack Lakes Trac.
j- Out of existence.
Citizens Ry. & Light.
Vashville Ry. & Light Co.
Southern Light & Tr. Co.
Southern Light & Tr. Co.
Orange County Traction.
[ Penn. & Mahoning Vy.
Fair Haven & Westville
Ottumwa El. & Steam Co. .
Palmer & Monson Street . .
Parkersb. & Marietta El. )
Parkersburg Gas, Elec. >
Light & Street Ry )
Pasadena & Mount Lowe. .
Paterson Ry
Larchmont Horse
Lawrence & Reading St. . .
Leavenworth & Lansing. . .
Leaven worth Electric
Leominster & Clinton
Lewiston Con. Bridge Co . .
Lewiston.Win. & Augusta.
Little Falls & Herkimer St.
People's St.(Centreville.Ia)
Dhiladel. & Bristol Pass. . .
Port Chester Street
Port Dalhousie, St. Cath- )
Lorain & Cleveland
Dortland City & Oregon . . .
^ortsmouth & Yarmouth 1
Los Angeles & Pasadena. . .
Louisville Anchorage &
Pewee Vy Elec
ladford El. Light & Pow. .
Lowell & Suburban
Low., Lawrence & Haver.
Lynchb. & Rivermont St. .
Lynchb. El. Ry. & Light . .
lapid Trans. Co. of Ohio. .
Redlands Street
lichmond & Manchester. .
lichmond Pass. & Power. .
Richmond Traction
Macon Consolidated Street
Macon Elec. Light & Ry.. .
Ma'lison Electric
lichmond & PetersburgEl.
lichmond (Ind.) Traction.
Rochester Street
Mahoning Valley
Mahoning Vy. Southeast . .
Marion Transit
Rochester & Lake Ontario.
Rockford Ry. Light & Pow.
Rockland County Trac. Co.
St Charles Street
Market Street
Martha's Vineyard
Metropolitan (Wash.)
Metropolitan St.(Kaa.Citv)
Milford. Holliston & Fra-
S. L., Bellev'le & Suburb . .
Salem Light & Trac. Co ...
Salt Lake Rapid Transit.
Sandusky & Interurban El.
Sand., Milan & Norw. El...
Sandusky, Norwalk & So. .
San Fran. & San Ma TOO. . . .
Milford Street
Mill Creek Vallev Street. . .
Millville Rapid Transit
Min. Ridge & Niles Trac. . .
Mississippi Valley Trac.. . .
Mobile Street
Santa Ana & Orange
Monongahela City
Mountain Lake Electric. . .
Mt. Troy & Reserve Town-
ship
Savannah <fe Isle of Hope. .
Savannah, Thunderbolt &
Muscatine
Seattle
Nashville
Sedalia Flectric & Ry
Natchez Elec.Ry. & Power
Natchez Street
Shelton Street
Newburgh Electric
New Castle & Lowell
New Castle Traction
Slatington&Palmerton St .
Southern Ohio Traction. . .
New England
Newport Street
Newport & Fall River St.
V. Y. & Queens County.
Interurban Street.
New York & North Shore. .
N.Y.,West. 4 Conn. Trac. .
South Shore & Boston St. .
Southside Ry. & Develop. .
POOR S MANUAL OF RAILROADS.
STREET RAILWAYS— Continued.
121
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
Spokane«fe Montrose Motor
Staten Island Electric.. . .
Staunton Light & Pow. Co
Steubenville & Pleasant (
Heights Tr )
Spokane Traction Co.
Richmond Light & RR.
City Street Car Co.
Steubenville Trac.'& Light.
Hudson Valley.
Operations suspended.
People's Light & Ry.
Interurban Ry. & Term.Co.
J- United RRs. of San Fran.
Pacific Electric.
Texarkana Light & Trac.
Maumee Vys. Rys. & Light.
j Toledo, Bowling Green
( & Southern Trac.
Lake Shore Electric.
Toledo Rys. & Light.
( New Jersey & Pa. Trac.
Tuscarawas Traction.
3over, Somersw. & Roch.
Rhode Island Securities Co.
V Utica & Mohawk Valley.
Venice, Madison & Granite
City
f Granite City & St. Louis.
Out of existence.
Vicksburg Ry. & Light Co.
Hudson Valley.
[ Washington Ry. <fe Elec.
Washington &Canonsbg.
2onn. Rys. <fe Lighting Co.
3ut of existence.
Portland.
2onn. Rys. & Lighting.
Southern Light & Traction.
j Pittsburgh, McKeesport
1 & Greensburg.
Honongahela Street.
People's Ry.
( Cons. Ry. Light & Power
1 Co.
V Worcester Consolidated .
Col., Dela. & Marion Elect.
1 Zanesville Ry , Light &
1 Power.
Vermilion Ry. & Light Co.
Vicksburg RR., Power & |
Mfg Co j
Stillwater & Mechanicsvle.
Stoughton & Randolph St.
Streator Ry
Warren County
Washington Trac. & Elec. .
Wash. & Great Falls Elec. .
Washington Electric St.. . .
Waterbury Traction
Weatherford City & Sub. . .
Westbrook, Windham & 1
Naples f
Suburban Traction. . .
Sutro
Sutter Street
Temple Street Cable
Texarkana
Westport & Saugautuck St.
West End Electric
Toledo & Maumee Valley. .
Toledo, Bowl. Gr. & Frem.
Toledo, Fremont & Norw. .
Toledo Traction. . . .
Westmoreland
Wilkensburg & E. Pittsb. .
Wilm. & Brandy wine Spgs.
Wilmington Street
Trenton, Lawrence &
Tuscara was R R . .
Worcester & Clinton St
Worcester & Marlboro
Worcester & Suburban. . . .
Worth., Clintonv'le & Col.
Zanesville Electric
Union Electric.
United Trac. & Elec. Co. . .
Utica & Mohawk
T'tica Belt Line Street
3.— Industrial Corporations.
(See also MANUAL for 1901, pp. 176-181.)
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, on
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
Elec L & P Co of Syra-
Allis(E P.) Co
j- Syracuse Lighting Co.
American Bell Telephone. .
American Dunlap Tire. . . .
American Securities Invest
Baltic Realty
American Telep. & Teleg.
Rubber Goods Manufact.
Railroad Securities Co.
New York Dock.
Erie Telegraph & Teleph . .
Fairfield Chemical Works.
Fraser & Chalmers, Inc. ...
French (A) Spring
Western Teleph. & Teleg.
General Chemical.
Allis-Chalmers Co.
Railway Steel Spring
Bethlehem Steel
Binghamton Gas Works. . .
Brooklyn Wharf & Wareh .
American Light & Trac.
Vew York Dock.
Gramercy Finance Co
Gramercy Sugar Co
Colonial Sugars Co.
Colonial Sugars Co.
Bru«h Elec Co
American Light & Trac.
Buffalo City Gas Co
Buffalo Gas Co.
Hartford Rubber Works. .
Rubber Goods Mfg.
Buffalo Gas Light Co
Buffalo Gas Co.
Highlands Chemical
Hopedale Elec. Co
jeneral Chemical.
Elec. Storage Battery Co.
Chappell. W.H.&Co... (
Chloride Elec. Stor. Co...
General Chemical.
Elec. Storage Battery Co.
U S Reduction & Refin
Illinois Sugar Refining. . . .
Imperial Electric Light. . . .
2orn Products.
Montreal L., H. & Power.
Rubber Goods Mfg.
Rubber Goods Mfg.
Conemauph Steel
Cambria Steel.
International Power Co. . .
Out of existence.
General Chemical.
Consol. Gas Co. of N. J
American Light & Trac.
New York &Richm Gas Co
Lackaw. Iron & Steel Co. . .
Laclede Gas L. Co
^ackawanna Steel Co.
\orth American Co.
Lodi Chemical.
General Chemical.
Davis Coal & Coke
West Va. Cent. & Pittsb.
Madison Gas & Electric. . .
American Light & Trac.
Detroit Steel & Spring
Diamond Coal & Coke
Railway Steel-Spring.
Amalgamated Copper.
AllU-Chalmers Co
Martin Kalbfleisch Chem. .
Mechanical Rubber
Metallic Extraction
General Chemical,
•lubber Goods Mfg.
U. S. Reduction & Refin.
Distilling Co. of America. .
Dundee Chemical
Distillers Securities Corp.
General Chemical.
Minnesota Grass Twine
Mon. & St.Law.Lt. & Pow.
American Grass Twine.
Montreal L., H. A Power.
Eastern El Lt & Storage
ilon t real L., H. & Power.
B.Co...
[ Elec. Storage Battery Co.
Morgan & Wright (Inc.).. .
Rubber Goods Mfg. Co.
POOR S MANUAL OB' RAILROADS.
INDUSTRIAL CORPORATIONS— Continued.
\ \MK or OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME or OLD COMPANY.
NAME OF COMPANY
HY WHICH ACQUIRKI), OU
TO WHOSK STATEMENT
REFERENCE SHOULD
BE MADE.
Morgan, Jas. L. & Co
General Chemical Co.
Richmond Co. Gas Lt. Co. .
New York <fc Richmond Gas.
St Paul Gas Light Co. ..
National Gold Extr. Co
National liy. Spring Co. . .
National Starch Co . .
U.S. Reduc. AKefin.Co.
Railway Steel-Spring Co.
Sawyer Belting Co
Scott (Chas). Spring Co. . .
Southern Cotton Oil Co
Rubber Goods Mfg. Co.
Railway Steel-Spring Co.
New Brunswick Tire Co. . .
N. Y. Glucose Co. of N.J..
Nichols Chemical Co
Northw. Grass Twine Co. .
Passaic Chemical Co
Rubber Goods Mfg. Co.
Corn Products Co.
General Chemical Co.
American Grass Twine Co.
General Chemical Co.
Southern Lt. & Trac. Co. . .
Spirits Distributing Co. . .
Stand. Milling & Smelt. Co.
Trenton Gas & Elec. Co ...
American L't & Trac. Co.
Standard Dist. & Distrib.
U.S. Reduc. & Refin. ( V
j South Jersey Gas, Elec-
Peerless Rubber Co
Rubber Goods Mfg. Co.
Union Gold Extraction Co
U.S Reduc. AKefin. Co.
Phillips Chemical Co
Pickeri ng Spring Co
General Chemical Co.
Railway Steel-Spring Co.
United States & Ontario 1
Nav Co f
Marquette & Bessemer
Dock & Nav
Plante Co
Elec. Storage Battery Co.
Consol Coal, Iron & L. Co.
Pompelby Sorley Storage
B.Co
!• Elec. Storage Battery Co.
Western (Milw.) Gas Co. . .
Wiscon. Grass Twine Co. )
American L't & Trac. Co.
Pope, Chas., Glucose Co. )
of 111 I
Corn Products Co.
Wood (Walter A.) Har- V
vester Works )
American Grass Twine Co.
123
H. W. POOR & CO.,
BANKERS,
NEW YORK. BOSTON.
Orders Executed for all Securities Dealt in at
the New York Stock Exchange.
RAILWAY INVESTMENT
A SPECIALTY.
We are in correspondence with nearly every
Railroad Company in the Country through
our connection with
"POOR'S MANUAL OF RAILROADS,"
which gives us special advantages for in-
formation for the benefit of our customers.
Correspondence Invited. Interest allowed on Deposits, subject to Check at sight
33 WALL ST., 52 DEVONSHIRE ST.,
NEW YORK. BOSTON.
124
THE BASS FOUNDRIES.
LOCATED AT
Fort Wayne, Ind.
THE BASS FOUNDRY & MACHINE CO,
MANUFACTURERS OF
CAR WHEELS and AXLES
For Freight, Passenger, Electric, and Cable Cars
J. H. BASS, Pres.
C. T. STRAWBRIDQE, Sec.
F. S. LIUHTeOOT, Treas.
R. J. FISHER, Asst. Treas. naln offlce and Works
FORT WAYNE, IND.
i RAILROAD CASTINGS and IRON and STEEL FORCINGS
IMPROVED CORLISS ENGINES
TUBULAR, WATER TUBE and LOCOMOTIVE BOILERS
New York Office,
141 BROADWAY.
THE BASS FOUNDRY & MACHINE CO,
Lenoir City, Tenn., Branch)
MANUFACTURERS OF
CHILLED WHEELS
w • /^*X *T ^"^ ^"" ^"* ^"™ ^^ ^^ ^"™ "••^•^ vv;/*L<| • i
LenOir Lily, I enn. ^ Locomotive, Passenger, Freight, and Mining Cars
J. H BASS, Pres.
C. T. STRAWBRIDOE, Sec.
F. S. LIQHTFOOT. Treas.
C. H. WATSON, ngr.
CAR and LOCOMOTIVE CASTINGS and
GENERAL FOUNDRY WORK
Office and Works
LENOIR CITY, TENN.
Rock Run, Ala.
J. H. BASS, Pres.
C. T. STRAWBRIDGE, Sec.
P. S. LIQHTFOOT, Treas.
J. M. Q VkVIN, ngr.
(ROCK RUN, ALA., BRANCH)
MANUFACTURERS OF
CHOICE CHARCOAL CAR WHEEL
PIC IRON
Furnaces at ROCK RUN, ALA.
f
Chicago, III.
J. H. BA-S, Pres.
A.A.HILTON.Vice-Pres.&Treas
C. T. STRAWBRIDQB, Sec.
CHICAGO CAR WHEEL & FOUNDRY CO.
MANUFACTURERS OF
CAR, ENGINE, TENDER, \\/HP PI ^
TRUCK, AND DRIVING W I 1 Cr Er L»^
Cylinders, Railroad and General Castings
Office,
707 THE ROOKERY
WorV a,
43d and WOOD 3TS.
CHICAGO, ILL.
ALPHABETICAL INDEX TO ADVERTISERS.
The Advertisements will be found in the FRONT of the MANUAL and at the BACK of the book, and facing List of
Railway Officials, etc. In each case the location is specified in connection with the paging, front and
back being designated by those words, and advertisements facing List of Railway Officials, etc., etc..
being designated "Text." Advertisements on backs of maps are designated as being on a certain page
of a certain Section Map.
PAGE, PAGE,
FRONT. BACK.
Aikman, C. M., & Co New York, N. Y. Text 1705
Alabama Frog and Switch Co Anniston, Ala. Text 1708
Back of Title Page. American Bank Note Co New York, N. Y.
American Bridge Co New York, N. Y. 17
American Engineer and Railroad Journal New York, N. Y. Text 1645
American Locomotive Co New York, N. Y. 14
American Ship Windlass Co Providence, R. I. Text 1G87
Ashcroft Mfg. Co. (The) New York, N. Y. Text 1647
Ashton Valve Co Boston, Mass. Text 1718
Atlanta Car Wheel and Manufacturing Co Atlanta, Ga. 5
Atlantic, Gulf & Pacific Co . . New York, N. Y., and San Francisco, Cal. Text 1697
Atlas Portland Cement Co. (The) New York, N. Y. Text 1692
27 Baldwin Locomotive Works Philadelphia, Pa.
32 Bank of Montreal • Montreal, Canada.
59 Baring Brothers & Co., Ltd. (Baring, Magoun & Co.).. London, Eng.
59 Baring, Magoun &' Co New York, N. Y.
Facing Inside Front Cover. Barnes, R.T.H. (Harvey Fisk & Sons, N.Y.) Hartford, Ct.
Barney & Smith Car Co Dayton, O. 3
.10 Bartlett, Frazier & Carrington — New York, Chicago, Milwaukee, St. Louis,
Buffalo.
124 Bass Foundry & Machine Works . .Ft. Wayne, Lenoir City, and Rock Run.
Baxter, G. S., & Co New York, N. Y., and Jacksonville, Fla. Text 1708
Belleville Copper Rolling Mills (Hendricks Bros.) New York, N. Y. 1
56 Belmont, August, & Co New York, N. Y.
Berwind- White Coal Mining Co. ..New York, Phila., Boston and Bait. 12
Besly, Chas. H., & Co Chicago, 111. Text 1696
34 Bond & Goodwin Boston, Mass.
41 Borg & Co., Simon New York, N. Y.
20 Bowling Green Trust Co New York, N. Y.
Brill, J. G., Co. (Colored Insert) Philadelphia, Pa. Facing p. Text 881
26 Brown Bros. & Co. . New York, N. Y., Philadelphia, Pa. and Boston, Mass.
26 Brown, Alex.,& Sons. (Brown Bros. & Co., New York, N.Y.)Baltimore, Md.
26 Brown, Shipley & Co. (Brown Bros. & Co., New York, N.Y.)London, Eng.
27 Burnham, Williams & Co. (Baldwin Locomotive Works), Philadelphia, Pa.
Cabot, Samuel Boston, Mass. Text 1696
1 Carnegie Steel Co Pittsburgh, Pa.
22 Central Trust Co New York, N. Y.
Facing Inside Front Cover. Chapman, J. H. (Harvey Fisk & Sons, N.Y.) Phila., Pa.
— Chase, L. C., & Co Boston, Mass. Text 1705
See also Classified Index to Advertisers, pages 1677 to 172O, inclusive.
49- ALWAYS REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES.
126
ALPHABETICAL INDEX TO ADVERTISERS.
PAGE.
FBONT.
PAGE,
BACK.
Chfster Steel Castings Co Chester, Pa., and Philadelphia, Pa. Text 1693
124 Chicago Car Wheel and Foundry Co Chicago, 111.
10 Chicago National Bank Chicago, 111
Chicago Railway Equipment Co Chicago, 111. Text 1086
Cleveland Stone Co Cleveland, 0. Text 1700
Coal Trade Journal New York, N. Y. Text 16!6
Consolidated Safety Valve Co. (The) New York, N. Y. Text 1647
Continuous Rail Joint Co. of America Newark, N. J. 11
Cory Bros.&Co.,Ltd.(Bcr\vind-White Coal Min'g Co., N.Y.), London, Eng. 12
Cox, Justice, Jr., & Co., Ltd Philadelphia, Pa. Text 1709
17 Cuyler, Morgan & Co New York, N. Y.
Dccatur Car Wheel & Manufacturing Co Birmingham, Ala. 5
Dilworth, Porter & Co. (Limited) .'. Pittsburgh, Pa. Text 1711
Facing Inside Front Cover. Drake, Daniel K. (Harvey Fisk & Sons), Chicago, 111.
62 Drexel & Co. .(J. P. Morgan & Co.. New York, N. Y.), Philadelphia, Pa.
Edge Moor Iron Co Edge Moor, Del. Text 1684
130 Engineering Company of America New York, N. Y.
1 1 Equitable Trust Co Chicago, 111.
Ewald Iron Co St. Louis, Mo. Text 1714
Fairmont Coal Co., New York, Boston, Philadelphia, Cincinnati, Baltimore 13
24 Farmers' Loan & Trust Co New York, N. Y.
Ferguson Contracting Co. (The) New York, N. Y. Text 1695
13 First National Bank of Milwaukee Milwaukee, Wis.
Between pp. 68 and 69 front. Fisk & Robinson (Colored Insert) . . New York, N. Y.
Facing Inside Front Cover. Fisk, Harvey, & Sons, New York, and Boston, Mass.
Ft. Pitt Bridge W7orks, Canonsburg, Pa., Pittsburgh, & New York. Text 1716
Inside of Front Fly Leaf. Franklin-Lee Bank Note Co New York, N. Y.
53 Franklin Trust Co . Borough of Brooklyn, New York, N. Y.
Galena-Signal Oil Co Franklin, Pa. 8
Facing p. 71 front. General Electric Co. (The) (Colored Insert). . ..Schenectady,
N. Y., and New York, N. Y.
Georgia Car and Manufacturing Co Savannah, Ga. 4
53 Halsey, N. W., & Co New York, N. Y.
46 Hambleton & Co Baltimore, Md.
Hancock Inspirator Co. (The) New York, N. Y. Text 1647
6 Harris, N. W., & Co. New York, N. Y., Chicago, 111., and Boston, Mass.
3 Haskins & Sells New York, N. Y.
Hayden & Derby Mfg. Co. (The) New York, N. Y. Text 1647
Hendricks Bros New York, N. Y. 1
19 Hollister & Babcock New York, N. Y.
3 Jessop, Wm., & Sons (Limited) New York, N. Y.
31 Kidder, Peabody & Co Boston, Mass.
15 Knauth, Nachod & Kiihne New York, N. Y.
Inside of Front Cover. Kountze Bros New York, N. Y.
Krupp (Thos. Prosser & Sons) . . New York, N. Y. 6
See also Classified Index to Advertisers, pages 1677 to 172O, inclusive.
49- ALWAYS REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES.
ALPHABETICAL INDEX TO ADVERTISERS. 127
£AQB' PAOB
FRONT. BACK
Latrobe Steel Co .............. Philadelphia, Pa., and New York, N. Y.
Lawrence Cement Co. (The) . . Philadelphia, Pa., and New York, N.Y. Text 1693
Lidgerwood Mfg. Co ............................ New York, N. Y. Text 1700
Lobdell Car Wheel Co ............................. Wilmington, Del. 7
18 Manhattan Trust Co .............................. New York, N. Y.
Manning, Maxwell & Moore ...................... New York, N. Y. Text 1647
Manufacturers' Record Publishing Co .............. Baltimore, Md. Text 1665
9 Maryland Trust Co .................................. Baltimore, Md.
11 Mason, Lewis & Co ....... Chicago, 111., Boston, Mass., Philadelphia, Pa.
McConway & Torley Co ............................. Pittsburgh, Pa. 7
McCoy, Jos. F. Co ............................. New York, N. Y. Text 1701
53 Merrill, Oldham & Co .............................. Boston, Mass.
8 Middendorf , J. Wm., & Co .......................... Baltimore, Md.
15 Moffat & White .................................. New York, N. Y.
62 Morgan, Harjes & Co.(J. P. Morgan & Co., New York, N. Y.) Paris, France
62 Morgan, J. P., & Co. (See also Outside Back Cover) ..... New York, N. Y.
62 Morgan, J. S., & Co. (J. P. Morgan & Co., New York, N. Y.). . London, Eng.
Mt. Vernon Car Mfg. Co ............................ Mt. Vernon, 111. 6
Mundt, Chas., & Sons ........................... New York, N. Y. Text 1706
Nathan Mfg. Co ................. New York, N. Y., and Chicago, 111. Text 1678
National Malleable Castings Co. (The) ............ Cleveland, O. Text 1689
21 National Park Bank of New York ....... . ........... New York, N. Y.
National Ry. Publication Co ..................... New York, N. Y. Text 1611
National Safe Deposit Co. of New York ............ New York, N. Y. Text 1710
National Tube Co., Pittsburgh, New York, Chicago, Philadelphia, St. Louis,
San Francisco, London, Eng. 16
New England Railway Publishing Co .............. Boston, Mass. Text 1612
18 New Jersey Title Guarantee & Trust Co. (The) ...... Jersey City; N. J.
4 New York Air Brake Co ........................... New York, N. Y.
19 New York Security & Trust Co ..................... New York, N. Y.
Facing page 70 front. Niles-Bement-Pond Co.(Niles Tool Works Co., Hamilton, O.)
(Colored Insert) ........................... ...... New York, N. Y.
Norris, James L .................................. Washington, D. C. 17
25 North American Trust Co .......................... New York, N. Y.
North Western Fuel Co. (Fairmont Coal Co.) .......... Chicago, 111. 13
Norwalk Iron Works Co ........................ South Norwalk, Conn. 12
12 Old Colony Trust Co ................................. Boston, Mass.
12 Parkinson & Burr ................ Boston, Mass., and New York, N. Y.
Passaic Steel Co. . .New York, N. Y., Paterson, N. J., and Boston, Mass. 8
Peckham Mfg. Co. ..New York, Boston, Chicago, Cleveland and Phila-
delphia; London, Eng.; Melbourne and Sidney, Australia, and Paris,
France. Text 1719
Pedrick & Ayer Co ............................. New York, N. Y. Text 1647
. n ( (See 4th paqe. Map 4, between ) p;tf church Pa
Pennsylvania Co ..... j * ^ pjp 96 ^ Q7)
OD ri \ (See 4th page. Map 4, between} Pi -i i i L- p_
Pennsylvania RR. Co. j fe£ £ p gQ J^ 9?) J V
See also Classified Index to Advertisers, pages 1677 to 172O. Inclusive.
4&-ALWAYS REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES.
126
ALPHABETICAL INDEX TO ADVERTISERS.
PV..K.
FRONT.
PAGE.
BACK.
Chester Steel Castings Co Chester, Pa., and Philadelphia, Pa. Text 1093
124 Chicago Car Wheel and Foundry Co Chicago, 111.
10 Chicago National Bank Chicago, 111
Chicago Railway Equipment Co Chicago, 111. Text 1086
Cleveland Stone Co Cleveland, 0. Text 1700
Coal Trade Journal New York, X. Y. Text 16!6
Consolidated Safety Valve Co. (The) New York, X. Y. Text 1047
Continuous Rail Joint Co. of America Xewark, X. J. 11
Cory Bros. & Co., Ltd. (Berwind-White Coal Min'g Co., X.Y.), London, Eng. 12
Cox, Justice, Jr., & Co., Ltd Philadelphia, Pa. Text 1709
17 Cuyler, Morgan & Co Xew York, X. Y.
Dccatur Car Wheel & Manufacturing Co Birmingham, Ala. 5
Dihvorth, Porter & Co. (Limited) .'. Pittsburgh, Pa. Text 1711
Facing Inside Front Cover. Drake, Daniel K. (Harvey Fisk & Sons), Chicago, 111.
02 Drexcl & Co. . (J. P. Morgan & Co.. Xew York, X. Y.), Philadelphia, Pa.
Edge Moor Iron Co Edge Moor, Del. Text 1084
130 Engineering Company of America Xew York, X. Y.
1 1 Equitable Trust Co Chicago, 111.
Ewald Iron Co St. Louis, Mo. Text 1714
Fairmont Coal Co., Xew York, Boston, Philadelphia, Cincinnati, Baltimore 13
24 Farmers' Loan & Trust Co Xew York, X. Y.
Ferguson Contracting Co. (The) Xew York, X. Y. Text 1095
13 First Xational Bank of Milwaukee Milwaukee, Wis.
Between pp. 08 and 69 Jront. Fisk & Robinson (Colored Insert) . . Xew York, X. Y.
Facing Inside Front Cover. Fisk, Harvey, & Sons, Xew York, and Boston, Mass.
Ft. Pitt Bridge Works, Canonsburg, Pa., Pittsburgh, & Xew York. Text 1716
Inside of Front Fly Leaf. Franklin-Lee Bank Xote Co Xew York, X. Y.
53 Franklin Trust Co Borough of Brooklyn, Xew York, X. Y.
Galena-Signal Oil Co Franklin, Pa. 8
Facing p. 71 front. General Electric Co. (The) (Colored Insert) . . ..Schenectady,
X. Y., and Xew York, X. Y.
Georgia Car and Manufacturing Co Savannah, Ga. 4
53 Halscy, X. W., & Co Xew York, X. Y.
46 Hambleton & Co Baltimore, Md.
Hancock Inspirator Co. (The) Xew York, X. Y. Text 1647
6 Harris, X. W., & Co. Xew York, X. Y., Chicago, 111., and Boston, Mass.
3 Haskins & Sells Xew York, X. Y.
Hayden & Derby Mfg. Co. (The) Xew York, X. Y. Text 1047
Hendricks Bros Xew York, X. Y. 1
1 9 Hollister & Babcock Xew York, X. Y.
3 Jessop, Wm., «fc Sons (Limited) Xew York, X. Y.
31 Kidder, Peabody & Co Boston, Mass.
15 Knauth, Xachod & Kiihne Xew York, X. Y.
Inside of Front Cover. Kountze Bros Xew York, X. Y.
Krupp (Thos. Prosser & Sons) Xew York, X. Y. 6
Se« also Classified Index to Advertisers, pages 1077 to 172O, inclusive.
49-ALWAYS REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES.
ALPHABETICAL INDEX TO ADVERTISERS. 127
PAGE, PAGE.
FRONT. BACK.
2 Latrobe Steel Co Philadelphia, Pa., and New York, N. Y.
Lawrence Cement Co. (The) . . Philadelphia, Pa., and New York, N.Y. Text 1693
Lidgerwood Mfg. Co New York, N. Y. Text 1700
Lobdell Car Wheel Co Wilmington, Del. 7
18 Manhattan Trust Co New York, N. Y.
Manning, Maxwell & Moore New York, N. Y. Text 1647
Manufacturers' Record Publishing Co Baltimore, Md. Text 1665
9 Maryland Trust Co Baltimore, Md.
11 Mason, Lewis & Co Chicago, 111., Boston, Mass., Philadelphia, Pa.
McConway & Torley Co Pittsburgh, Pa. 7
McCoy, Jos. F. Co New York, N. Y. Text 1701
53 Merrill, Oldham & Co Boston, Mass.
8 Middendorf, J. Wm., & Co Baltimore, Md.
15 Moffat & White New York, N. Y.
62 Morgan, Harjes & Co.(J. P. Morgan & Co., New York, N. Y.) Paris, France
62 Morgan, J. P., & Co. (See also Outside Back Cover) New York, N. Y.
62 Morgan, J. S., & Co. (J. P. Morgan & Co., New York, N. Y.). . London, Eng.
Mt. Vernon Car Mfg. Co Mt. Vernon, 111. 6
Mundt, Chas., & Sons New York, N. Y. Text 1706
Nathan Mfg. Co New York, N. Y., and Chicago, III. Text 1678
National Malleable Castings Co. (The) Cleveland, O. Text 1689
21 National Park Bank of New York New York, N. Y.
National Ry. Publication Co New York, N. Y. Text 1611
National Safe Deposit Co. of New York New York, N. Y. Text 1710
National Tube Co., Pittsburgh, New York, Chicago, Philadelphia, St. Louis,
San Francisco, London, Eng. 16
New England Railway Publishing Co Boston, Mass. Text 1612
18 New Jersey Title Guarantee & Trust Co. (The) Jersey City, N. J.
4 New York Air Brake Co New York, N. Y.
19 New York Security & Trust Co New York, N. Y.
Facing page 70 front. Niles-Bement-Pond Co.(Niles Tool Works Co., Hamilton, O.)
(Colored Insert) New York, N. Y.
Norris, James L Washington, D. C 17
25 North American Trust Co New York, N. Y.
North Western Fuel Co. (Fairmont Coal Co.) Chicago, 111.
Norwalk Iron Works Co South Norwalk, Conn.
12 Old Colony Trust Co Boston, Mass.
12 Parkinson & Burr Boston, Mass., and New York, N. Y.
Passaic Steel Co. . .New York, N. Y., Paterson, N. J., and Boston, Mass.
Peckham Mfg. Co. ..New York, Boston, Chicago, Cleveland and Phila-
delphia; London, Eng.; Melbourne and Sidney, Australia, and Paris,
France. Text 1719
Pedrick & Ayer Co New York, N. Y. Text 1647
( (See 4th page. Map 4, between 1 p;ttsbureh Pa
Pennsylvania Co j text pp. 96 and 97) f '
, p, j (See 4th page, Map 4, between} phij d j nia pa
Pennsylvania RR. Co. j fe£ *pp 9(} £nd 9?) J V
See also Classified Index to Advertisers pages 1G77 to 172O. Inclusive.
JK9-ALWAYS REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES.
128
ALPHABETICAL IM»F.X TO ADVERTISERS.
PAOE.
FRONT.
PAG i
BA<
5 Phenix Insurance Co. of Brooklyn New York, N. Y.
Phosphor Bronze Smelting Co. (The) Limited Philadelphia, Pa. Text 17(
13 Poor, H. W., «fc Co New York, N. Y., and Boston, Mass.
Porter, H. K., <fe Co Pittsburgh, Pa. l-i
Pressed Steel Car Co .. Pittsburgh, New York, Chicago, London, Eng.,
and City of Mexico, Mexico. Text K
16 Prince & Whitely New York, N. Y., and New Haven, Conn.
34 Prince, F. H., & Co Boston, M..
Prosser, Thos., & Son New York, X Y.
Railway Appliances Co Chicago, 111., and New York. X. Y. Text 17<
Railway Steel-Spring Co New York, X. Y. Text 1 7 1 :
Railway World Publishing Co Philadelphia, Pa. Text 1651
60 Redmond, Kerr & Co New York, N. Y.
Republic Iron & Steel Co. . .' Chicago, 111. Text 1711
Robins Conveying Belt Co New York, N. Y. Text It
Rogers Locomotive Works. .. .Paterson, N. J., and New York, N. Y. It
— Ross, P. Sanford (Incorp.) . . . .Jersey City, N. J., and Savannah, Ga. Text 1694
56 Rothschild (August Belmont & Co., New York, N. Y.).. London, Eng.
— Safety Car Heating and Lighting Co. (The) New York, N. Y. Text K
— St. Louis Car Co St. Louis, Mo. Text 1691
St. Louis Car Wheel Co St. Louis, Mo.
Sanderson & Porter New York, N. Y. Text 169i
Sanford Mills (L. C. Chase & Co.) Boston, Mass. Text 17(
Scarritt-Cornstock Furniture Co St. Louis, Mo. 11
7 Scott, Townsend & Son Baltimore, Md.
Security Bank Note Co Philadelphia, Pa. Text K
16 Seligman, J. & W., & Co New York, N. Y.
28 Sellers, Wm., & Co. (Incorp.) Philadelphia, Pa.
Shannon, J. Jacob, & Co Philadelphia, Pa. Text 171.'
Shaw Electric Crane Co New York, X. Y. Text 1647
Shelby Steel Tube Co Pittsburgh, Pa. Text 1 7<
Souther, John, & Co Boston, Mass. Text 1 Tl :
Stephenson, John, Co., Elizabeth, X. J., and New York, N. Y. Text 1691
Stowell Mfg. Co Jersey City, N. J. Text 1 71(
2 Taylor Iron & Steel Co High Bridge, N. J.
5T> Trask, Spencer & Co New York, N. Y., and Albany, N. Y.
Underwood, H. B., & Co Philadelphia, Pa. Text 1711
23 United States Trust Co New York, N. Y.
Universal Safety Tread Co New York, N. Y. Text 171]
Wason Mfg. Co. (P. O. Address, Brightwood, Mass.) . .Springfield, Mass
1 4 Webb & Prall Xe\v York, X V.
WYstinghouse Air Brake Co Pittsburgh, Pa. 1!
7 Williams, John L., & Sons Richmond, Va.
17 Wilson, R. T., & Co New York, X. Y.
Wyckoff, A., & Son Co Elmira, X. Y. Text 1 7(
WyomingShovel Works (See alsntfxtpp. 1647 and 1660) Wyoming, Pa. Text 161.'
ttec also Classified Index to Advertisers, pages 1677 to 178O, inclusive.
iO-ALWAYS REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES.
129
POOR'S BUREAU
•OF-
Information and Investigation,
Conducted in connection with and as an adjunct to
Poor's Manual of Railroads,
WILL FURNISH UPON ORDER
DETAILED INFORMATION RELATIVE TO NEW OR
PROJECTED RAILROADS,
ANALYSES OF RAILROAD AND OTHER REPORTS,
STATISTICS OF STEAM, ELECTRIC, CABLE AND
HORSE RAILWAYS,
ADVANCE INFORMATION RELATIVE TO RAILROAD
REPORTS, ETC.; OR WILL MAKE
FULL AND COMPREHENSIVE INVESTIGATIONS INTO
RAILROAD MORTGAGES, BONDS, LEASES OR
OTHER CONTRACTS.
Special attention will be given to the preparation of Historical State-
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old railroad bonds, and to the preparation of statistical exhibits designed to
show the value of railroad securities. Besides this, investigations will be mado
at any time through official channels into the status of new projects, and re-
ports made thereon. Proceedings in foreclosure or reorganization will be care-
fully followed, and all facts relating to such proceedings noted for reference.
TERMS UPON APPLICATION.
Address JOHN P- ME ANY, Manager,
68 William Street, New York, N. T.
130
ENGINEERING COMPANY
OF AMERICA
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ENGINEERS
IN CIVIL, MECHANICAL, ELECTRICAL, HYDRAULIC
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159 La Salle Street
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BRANCH OFFICES:
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DENVER, COL.
INTRODUCTION
TO
POOR'S MANUAL FOR 1903.
RAILROADS OF THE UNITED STATES IN 1902.
GENERAL EXHIBIT FOR FISCAL YEAR.
Length of Railroads Completed on December 31, 1902 203,131.61 miles.
Of which Completed to Close of Fiscal Years:
Reporting Traffic Statistics, Earnings, etc., complete 195,193.67 m.
Reporting Gross Earnings, but not Traffic Operations 475.90 m.
Not Reporting Operations 4,015.07 m. — 199,684.64 miles.
Completed since Close of their Fiscal Years 3,447.97 miles.
Not Increaseof Mileage of all Railroads in the United States in the Calendar Year 1902.. . 4,364.53 miles.
Net Increase of Mileage of Railroads reporting traffic operations in the Fiscal Year 1902... 3,246.95 miles.
COMPARATIVE STATEMENT OF LIABILITIES AND ASSETS OF THE RAILROAD COMPANIES
OF THE UNITED STATES (CLASSIFIED) :
1901
1902
lesof Line
Liabilities:
pital Stock. . . .
Railroads
Supplying
Complete
Returns
191,946.72
I
5,827,403,354
Reporting
dross Earn-
ings but not
Traffic
Operations
466.13
S
88.451.485
Total
Reporting
Gross
Earnings.
192,412.85
$
5,915,854.839
•Total
of all
Railroads.
195,886.90
S
5,978,796,249
Railroads
Supplying
Complete
Retiirns.
t!95. 193.67
%
5,910,659,809
Reporting
Gross Earn-
ings but not
Traffic
Operations.
475.90
S
89,306,287
Total
Reporting
Gross
Earnings
195,669.57
$
5,999,966,096
Total
of all
Railroads.
199,684.64
*
6.078.290 59f>
nded Debt ....
funded Debt. . .
rrent Accounts
:'e*OtlierFds
3nt and Loss. . .
5.934,299,122
308,499,714
449,547,173
139,501,630
469,917.074
68,498,841
2,955,192
5,520,971
4,169,353
7,731,185
6,002,797.963
311.454,906
455,068,144
, 143,670,983
477,648,259
6,035469,741
312225,530
456.798,012
143,670.983
478,664,729
6,350,554,972
304,677.028
471,474,670
135,394.227
546.911.221
69.787,867
3,942,592
5,678.377
5,285,587
9,029.880
6,420.342,839
308,619,620
477,153,047
140,679,814
555,941,101
6,465,2<JO,S39
310,345,867
473.957,935
140,679,814
556,508,555
Total Liabilities
\ssets :
st RR. A Equip.
restments
13,129,168,067
10,464.181,527
1,968,8*5,246
386 808 301
177,327,027
165,792,236
4.063,290
3081 139
13,306,495,094
10,623,973,763
1,972,898.536
383 889 440
13,405,625,250
10,717,752,155
1,976,548,412
390 112 441
13,719,671,927
10.575,087,252
2,336,845,834
450 331 309
183,030,590
167,807,353
5.755,260
4 450 876
13,902,702,517
10,742,894,605
2,342,601,094
454 782 185
14,031,073,600
10,865,683,376
2,345.515,940
455 053 77''
rrent Accounts
3fit and Loss. . .
219,478.242
89,864,751
4,087,638
302,724
223,565,880
90.167,475
223,616.024
97,596,218
283,283.566
74,123.966
4,485.803
531.298
287.769.369
74,655,264
287,854.723
76,965.789
Total Assets. .. 13,129,168,067 177,327,027 13,306,495,094 13,405,625,250 13,719,671,927 183,030,590 13,902,702.517 14,031,073,606
STATISTICS OF OPERATIONS, FISCAL YEAR 1902.
Miles of Railroad reporting traffic statistics, earnings, etc tl97,438.48
Miles of Railroad reporting earnings only 448.88
Total. . 197,887.36
Passenger Train Mileage...
Freight Train Mileage. . . .
Mixed Train Mileage
f 403,213,178
19743848 508,210.140
Miles | 22,990,130
RR> 1 934,413,448
Passengers Carried. . .
Passengers — Mileage..
Tons Freight Moved...
TonsFgt. Mvd. 1 Mile
Total Revenue Trains . . J
Earnings. — Passenger — ) on ($396,513,412
Freight ..... V 197,438.48^ 1,197,212,452
Other ....... \ Miles RR. | 115,715,822
Earn.448.88M.RR.Class4(seep. iv.).. .. 11,373,214
Total Traf. Rev. (197,887.36 miles). $1,720,814,900
Operating Expen. ( 197,887.36 miles) . 1,160,788,623
Net Earnings (197,887.36 miles) ..... $560.026,277
Other Receipts ..................... 77,663,48:1
Total Avail. Rev. (197,887.36 m.) ..... $637,689,760
On f 655,130,236
197,438.48) 19,706,908,785
Miles 1,192,136,510
RR. I 156,624,166,024
Payments from Available Revenue:
Interest on Bonds .................. $222,614,909
Other Interest ..................... 9,733,560
Dividends ........................ 151,046,537
Rentals— Interest ..... $40,622,542
Dividends ____ 27,154,215
Miscellaneous .19,970,212— 87,746.969
Miscellaneous ..................... 57,408,351
Total (197,887.36 miles) .......... $528,523.326
Balance. — Surplus over fixed charges
and miscellaneous payments ......... $109,166,434
* Including lines constructed, but not reporting operations, and those in course of construction, not
yet brought into operation (see Class 6, p. iv.).
t This is 2,244.81 miles greater than the mileage owned (195,193.67), this excess representing "track-
age."
Press of The Winthrop Press, 32-34 Lafayette Place, N. Y.
ii
Statement showing the niilr.-igr, equipment, liabilities and assets, traffic operation:?,
earnings, intrn-st and dividend payments, etc., etc., of all the Steam Railroads, 1895 to 1901!,
inclusive:
1902
1901
1900
1899
1898
1897
1896 1895
Mileage of RRa.
2dTr.,Sid.etc.
Total Track .
Strel Rails inTr.
Iron Rails in Tr.
Locomotive*. . .
Cars -Passenger.
Bag.,Mail,etc.
Freight.
Tot. Rev. Cars..
Liabilities:
Capital Stock . .
Bonded Debt . .
Unfunded Debt.
Current Accts. .
Sinking 4 Other
Funds.
Total Liab...
Excess of Assets
Total
Assets:
CostofRR.AEq.
Other Invest. .
Milts.
199.6St.04
75.150.75
Miles.
Utt38ftflO
70.105.45
Miles.
192,1(51.93
65,691.29
Miles.
187,781.08
068173
Miles.
184,894.33
60,344.54
Miles.
183.547.07
58,153.69
Miles.
181,394.17
57,335.77
Miles.
179,821.16
55.209.fO
274,835.39
257,437.11
17,398.28
No.
41.0-ji;
27,364
9,726
1,503.949
265,992.35
246,811.60
19,180.75
No.
39,729
27,144
8,667
1,409,472
257.853.22
23x.464.13
19,389.09
No.
38,065
26,786
8,209
1,350,258
250,362.80
228,975.54
21,387.26
No.
37,245
26,184
8,121
1,328,084
245,238.87
220,803.87
24,435.00
No.
36,746
25,844
8.049
1,284,807
241,700.76
215,657.83
26,042.93
No.
36,410
25,654
8,180
1,234,972
238,729.94
210,290.46
28,439.48
No.
36,388
24.940
7,880
1.245.640
235,n
20.;.;
.'-
No.
»;.i; o
: i.4 y
1.230?*'
1,541,039
*
6.078.290,596
6,465,290,839
310,345,867
479,957.935
140,679,814
1,445,283
1
5,978,796,249
6,035,469.741
312,225,536
456,798,012
143,670,983
1,385,253
1
5,804,346,250
5,758,592,754
328,963.335
422,262,823
114,800,860
1,362,389
$
5,742,181,181
5,644,858,027
305,777,858
377,497,070
95,013,713
1,318,700
1
5,581,522,858
5,635,303.594
368,182.584
383,682,168
Previous to
1,268,806
s
5,602,964.449
5,534,432,492
380,609.705
397,928,861
1899, includec
1,278,460
$
5,373,187,619
5,461,850,798
344.499,909
389,313,919
witliProBtan
1,265.1«J
.5.181.:.
•*>.t>48.^^H
418,-
429.331.9X1
•ILoss.
13,474,505,051
479,542,767
12,926,960,521
381,068,511
12,428,966,022
339,944,815
12,165,327,849
291,946,163
11,968,751.204
316.616,498
11,915,995.507
307,793,194
11,568,858,305
363,289,063
11,677,901,614
358,622.7)1
13.954,107,818
10,865,683,376
2,345,515,940
13,308,029,032
10,717.752,155
1,976,548,412
12,768,910,837
10,484,430,907
1,766.493,090
328,994,626
188,992,213
12,457,274,012
10,254,251,458
1,708,507,108
325,725,460
168,789,986
12,285,367,702
10,256,275,585
1,594,565.979
265,264,972
169,261, 16e
12.223,788,701
10,304,221,478
1,519,550,500
225,524,124
174,492,599
11.932,147,368
10,079,496,420
1,457.650,210
232,473,770
162.520,968
12,036,524.3'->5
9,868.102.973
1,683!"
259,aMH
224.7
Sundry Assets.
Current Accts. .
Total Aseete..
Miles RR Oper..
Rev.Train Mil'e
Passenger. . . .
Freight. . .
455,053,773
287,854,729
390,112,441
223.616,024
13,954,107,818
Miles.
197,887.36
403,213,178
508,210,140
22,990,130
13,308,029,032
Miles.
194,974.96
391,543,708
505,468,619
20,812,985
12,768,910,837
Miles.
191,861.96
373,226,581
513,667,388
20,702,172
12,457,274,012
Miles.
186,590.38
355,106,833
534,391,846
20,996,771
12,285,367,702
Miles.
184,532.61
344,761,142
542,824,509
17,424,581
12,223,788,701
Miles.
181.874.07
342,464,408
500,326,372
. 15,235,049
11,932,147,368
Miles.
180,891.19
337,641,115
497,248.291
15.785.4S
12,036,.52U'5
Milct.
179.153.(I
326.1X4.59fi
491.410.s20
15.4.57.9J9
Mixed
Total...
934,413,448
655,130.236
19,706,908,785
1.192,136,510
15e,«2i,16«,021
1
396,513,412
1.197,212,452
127,089,030
917,825,312
600,485,790
17.789.669.92o
1,084,066,451
1*8,959,303,192
$
360,702,686
1,126,267,652
125.478,488
907,596,141
584,695,9*5
16,313,284.471
1,071,431,919
141,162,109,113
$
331,402,816
1,052,835,811
117,456,751
910,495,450
537,977,301
14,859.541,965
975,789.941
126,991,703,110
$
297,559,712
922,436,314
116,100,353
905,010,232
514.9S2.sxx
13.672,497,664
912,973,853
111,566,173,191
$
272,589,591
868,924,521
108,044,607
858,026,179
504,100,525
12,494.9»S.OOC
.788,385,448
9^,842,569, 150
$
253,557.936
780,351,939
98,956,751
850,674,844
535,120,756
13,054,840.243
773.868.710
93,885,853,634
$
265,313,258
770,424.013
89,894,754
833,a53.35S
529.758*1:
12,(i09.08u|
7.55.7
X8,567,770,8ll
$
2tJO.929.74l
743.784.45
87!681J|J.
Pass Carried. . .
Pass. Mileage. .
Tons Fgt Mvd.
Freight Mileage.
Tr Earn.— Pass
Freight. .
Miscellaneous
Total..
1.720,814,900
560.026.277
77,663,483
1,612,448,826
520.294.727
68,368,814
1,501,695,378
483,247,52(1
67,772,934
1,336,096,379
423,941,689
55,619,405
1,249,558,724
389.6W.474
104,536.904
U32.860.62C
342.792.030
97,631,314
1,125,632,025
332.7Wi.97!
104,934,911
1.092.395.417 '
323.196.ll
113.7
Net Earnings*.
Other Receipts .
Total Avail.Rev.
Payments:
Int on Bonds. .
Other Interest..
Div. «n Stock.
Miwollaripous .
Rentals -Int..
Dividends.. .
Miscellaneous
Total Pay'ts.
Surplus
637,689,760
222,614,909
9,733,560
161,019.637
57.40S.351
40.022.542
27.154.215
19,970,212
588,663,541
215,191,176
7,327,334
132.102.935
36.235,397
39,127,204
24,724,348
22,586,953
551,020.460
214,199,502
6,315,028
119.2SX.X79
46,153,433
30,248,304
21,054,774
21,200,651
479,561,094
208,957,209
6,071,451
88,076,393
30,569.447
30.221,704
:>0.<.I5.VX5!>
20,010,270
494,203,378
237,133,099
5,069,290
94.937.52C
35,681,080
1 62,740.145
f Previous to 1
tabulated i
' ingnfictiti
440,423,344
234,454,578
5,776,727
83,680.040
29,123.068
59,525.937
899, notsegreea
in! retabulnted
ous item ' Tecei
437,701,890
243,287,730
8,034,840
81,528.1.54
34,297.C>ar
59.238.517
ted; total amour
oreachcorapaji
ptsfrora other f
436,964.52)
239.0!
528,523. 32»>
HX.i.lM,. |:;4
477,355.347
111.308.194
458,460,571
92,559,889
410,802,339
6X,6!»S,755
435.561, 140| 412.560.350
58,642,238 27,862,994
426,386.876
11,315.014
* Lrae taxes.
lii
Statement showing, by groups of States, the mileage, equipment, liabilities and
iisst-fs, traffic operations, earnings, interest and dividend payments, etc., etc., of all
[he Steam Railroads in the United States in 1902:
New
England
Group.
Middle
Group.
Central
Northern
Group.
South
Atlantic
Group.
Gulf and
Mississippi
Vy. Group.
South-
western
Group.
North-
western
Group.
Pacific
Group.
! -age of Railroads.
ilings.etc.
otal Track
^ •! H:iils ill Track..
ii Track..
cimotives
-> nger. . .
Bag .Mail, etc.
Freight
'otal Rev. Cars. . .
Liabilities:
1 tital Stock
Miles.
8,020.07
5,138.62
Miles.
24,403.98
21,302.18
Miles.
55,932.51
24,125.99
Miles.
25,059.85
4,926.85
Miles.
11.841,49
2.741.23
Miles.
37,537.38
8,599.72
Miles.
2fi.860.62
6,309.29
Miles.
10,028.74
2,006.87
13,158.69
12,309.26
849.43
No.
2.452
3,248
782
45,289
45,706.16
42,983.89
2,722.27
No.
12,052
8,872
2,898
473,359
80,058.50
74,312.10
5,746.40
No.
11,536
6,395
2,701
470,862
29,986.70
27,854.35
2,132.35
No.
3,595
2,271
777
122.109
14,582.72
14,178.63
404.09
No.
1,649
929
373
58.224
46,137.10
43,609.69
2,527.41
No.
5.150
2,526
973
161,531
33,169.91
31,240.86
1,929.05
No.
3,463
1,805
088
126.809
12,035.01
10,948.33
1,087.28
No.
1.729
1,318
534
45.766
49,319
$
291,833,275
230 860 434
485,129
$
1,663 531,993
479,958
$
1 341 197 188
125,157
$
596,126.450
503,357,275
48,491,784
31,327,687
7,452,196
59,526
$
192,730,334
256,735,799
9,174,133
16,354,686
4,516,356
165,030
$
994,256,375
1,012,551,202
45,865,581
61,318,501
8,634,538
129,302
$
674.441,079
966,186,616
38,675.421
47,534,424
14,769,646
47,618
$
324,173.902
297,432,543
9,787,782
9,182,595
MM»
idedDebt
1,716,077,647
1,482 089 323
'unded Debt
rent Accounts. . .
k. & Other Funds
'otal Liabilities . .
«ss of Assets . . .
potal
9,311,883
25,511,194
6,841,191
101,215,232
180,635.572
30,983,309
47,824,051
108,093,276
61,035,922
564,357,977
3,698,443,753
3,040,239,760
1.186,755,392
479,511,308
22,133,219
2,122,626,197
43,146,287
1,741,607,186
65,284.720
641,023.478
45,398.665
25,413,798
116,866,699
140,782,618
20,516,761
589,771,775
463,309,465
83,281,525
22,039,315
21,141,470
3,815,310,452
2,588,072,706
982,089,508
152,400,299
92,747,939
3,181,022,378
2,657,295,151
1,207,272,153
1,056,017,687
501,644,527
413,617,941
53,076,882
17,970,533
16,979,171
2,165,772,484
1,769,985,915
284,764,448
67,282,075
43,740,046
1,806,891,906
1,283,428,193
439,455.262
58,145,358
25,863,093
686,422,143
633,956,318
27,551,412
4,017,073
20,897.340
Assets:
tofRR.A Equip,
icr Investments..
357,633,680
113,925,907
52,167,634
117,663,217
19,273,213
14,318,036
rent Accounts.. .
'otal Assets
esofRR.Oper. ..
Ion Mileage:
589,771,775
Miles.
7,718.07
31,949,003
20.355,977
1,122.854
3,815,310,452
Miles.
25,557.88
104,960,211
130,906,441
3,348,392
3,181,022,378
Miles.
58,309.08
125,961,069
166,454,831
4,293,367
1,207,272,153
Miles.
24,405.86
32,119,869
42,584,060
2,830,361
501,644,527
Miles.
10,264.56
15,262,445
26,542,197
2,103,924
2,165,772,484
Miles.
34,342.69
46,801,219
61,732,276
3,148,490
1,806,891,906
Miles.
25,541.69
30,240,695
41,196,891
3,339,372
686,422,143
Miles.
11,747.53
15,918.667
19,422.128
2,803.370
iVeieht
fixed
"•otal
53,427.834
112,955.845
1,973,710,270
51,269,015
4,312,247,710
35,454,695
50,912,067
7,864,241
239,241,544
264,315,847
5,970,839,261
296,709,267
144,912,355
5,287,672,425
77,534,290
30,479,690
1,255,633,494
43,908,566
16,346,989
599,014,065
44,578,120
6,095,752,106
$
12,474,927
54,314,811
5,641,852
111,681,985
31,270,350
1,881,099,163
81,996,586
15,190,562,094
$
43,160,473
153,961,221
16,781,777
74,776,958
20,805,256
1,542,602,515
70,235,985
14,081,777,346
$
35,300,962
133,295,97'.)
10,611,870
38.144,165
34,065,886
1,196,359,306
20.847,353
5,131.195,797
$
24,282.680
59,139,672
iMJM
kisengers Carried.,
.isenger Mileage . .
18 Freight Moved,
light Mileage
ifficEarn. — Pass..
418,722,4(59
50,507,177,597
$
109,672,516
331,395,754
26,912,956
376,313,388
49,442,992,851
$
108,005,556
339,475,877
38,564,908
73,230,337
11,860,536,181
$
28,909,154
80,975,127
8,736,300
.Miscellaneous. . . .
.Total
94,231,003
21,954,79-1
4,200,180
467,981,226
149,232.103
34,706,792
486,048,341
146,197,51-3
13,570,648
118,620,581
41,417,362
2,413,835
72,431,590
20, 444,401
1,324,226
213,903,471
71,379,061
7,914,212
179,208,811
79,373.928
9.773,687
88,391.877
30,027.111
3,759.903
t Earn. .less Taxes
aer Receipts
<et Revenue
: Payments:
crest on Bonds. ..
ier Intercut
•'idends on Stock..
MsdUmeous
ntals— Interest . .
Dividends.. .
Miscellan's. .
Total Payments....
lance, Surplus.. ..
26,154,974
5,180,464
250,490
6,917,905
217,537
4,965,195
8,325,938
136,541
183,938,895
49,687,960
3,777,456
36,129,976
22,793,959
20,176,642
14,115,751
8,390.530
159,768,161
58,453,026
1,285,632
46,195,052
16,326,609
6,975,008
1,252,773
6,737,780
43,831,197
20,931,718
299,f05
8,774,146
2,748,26b
1,194,981
1,225,521
200,153
21,768,632
9,921,599
279,479
3,448,080
1,101,841
1,391,979
265,932
809,613
79,293,272
35,051,718
318,274
17,130,791
6,566,197
2,368,053
719,700
1.723,713
89,147,615
26,876.036
1.786.41 1
32.040,500
4,665,236
3.532,934
1,200,000
1,267.040
33,787.014
16,512,388
1,735,913
383,087
2,988.709
17.750
48.600
704.842
25,994,070
160,904
155,072,274
28,866 621
137,225,8,80
22,542,281
35,374,687
8,456,510
17,218,523
4,550.109
63,878.446
15,414,826
71,368,157
17,779,458
22,391.289
11,395.725
IV
The following table shows the classification now adopted for all the railroads, ant
the chief items for each classification for 1902:
Class 1.
Class 2.
QMS.
Class 4.
IK--.",.
< !•»•,
Total.
M iks of Railroad Owned
194.466.69
57.41
405.55
475.90
264.02
4.015.07
199,684.64
Capital Stork . .
Bonded Debt
S
5.899,349,767
0.340.094,424
$
1.349,492
1.109,048
$
8.749,350
8.616,500
S
VI..W.2S7
00.787,887
S
1,211.200
675,000
$
78.324,500
44,948,000
6.078.290.598
C>, 405,290 830
Cost of RR. and Equipment
10,548,983,498
2,316,325
19,468,013
167,807,353
4,319,416
122,788,771
Ki>.i.-,,i;s3 370
Miles of Railroad Operated
196,590.86
57.41
558.29
448.88
231.92
197,887.36
PuMCTigm Carried
646950540
8179696
655130236
Passenger Mileage
19,1159,901,575
47,007,210
19,706,908.785
TCHH Freight Moved
1,174,314,912
14,250,120
El
3 571 478
1,192 136510
Freight Mileage
150,232 464,437
3(14,098,639
11
27,002 948
150024.106024
Traffic Earnings — Passenger
S
395,961,757
$
551,655
$
II
Ks
$
$
1
396,513,412
Freight
1,193,127,257
3,573,241
>-i
511,954
1,197,212,452
Total, including Miscellaneous. . .
1,702,652,474
568,259
5,698,507
11,373,214
522.446
1,720,814,900
Net Earnings, less Taxes
552 570 00*1
76,605
2 22S 777
5,107.673
43,156
560,0.
Receijrts from Other Sources
75,413,665
10,097
30,933
2,207,837
951
77,663,483
Total Available Revenue
627,983 731
86702
2259710
7 315 510
44 107
637,689,760
Interest on Bonds
259785279
45739
364050
3019633
22750
263 237.451
Dividends on Stock
176 000,860
23345
168,000
1,970 947
37600
178.200,752
Total of all Payments.
520561 488
78337
1558386
6 250 731
74384
528 523 326
Surplus
107 422 243
8365
701 324
1064779
D 30277
109 166,434
STATISTICS OF TRACK MILEAGE AND ROLLING STOCK EQUIPMENT.
(Reviled Statement, omitting ail equipments of elevated city passenger railways.)
Miles
Miles
Total
Per Cent.
REVENUE
CARS.
YEAR.
Steel
Kails.
Iron
Rails.
Track
(Miles.)
Steel of
Total.
tives.
Pas-
senger.
BaspK6;
Mail and
Express.
Freight.
Total.
1880...
1881
33,680
48984
81,967
81 471
115,647
130 455
29.1
37 5
17,949
19 911
12,789
13 947
4,786
4 976
539,255
648 295
556,930
667 218 '
1882
66 611
74 267
1 Id S7M
47 3
01 889
14 934
5 554
730 435
750 933
1883.
78 411
70 690
149 101
52 6
03 405
16 230
"> Ms
778 663
800 741
1884
90 162
§6*050
156 414
57 6
•> 1 •;-,-{
HI fi )•}
5 911
798 399
820 954
1885.
98 013
go 493
160 506
61 0
05 ggo
16 497
6 044
805 517
8^8 058
1886
1887 .
105,630
1 25 349
62,322
59 586
167,952
184 935
62.9
67 8
26,108
27 275
18*365
19 339
6,325
6 554
845.912
950 889
870,602
976 77''
1888
1889. . .-
138,395
151,578
52,981
50 510
191,376
202 088
72.3
75 0
29*006
30 566
20,247
21 471
6,827
7 053
1,005,108
1 051 141
1,032,182
1 080 665
1890. . .
167,458
40 694
208 152
80 4
SI si''
°1 664
7 253
1*061 *952
1 090 869
1891
174,775
39 754
•'1 1 V"i
81 5
'{'{ "id'i
23 083
7 3g8
l'l63'679
1 194 130
1892
182 711
38 918
221 629
82 4
34 gog
04 go4
7 830
1 177 113
209 457
1893
190,718
37 135
227*853
83 7
36 118
27 179
7 877
1 906 444
241 500
1894
197 491
35 054
032 755
84 9
7 Q91
1 o<>8 781
'263*059
1895.
206 381
28 650
035 o'il
87 8
36 610
• >(j ]jr)
7 891
1 230 798
265 108
1896
210,290
28 440
238 730
88 1
",ti 'isS
24 940
7 880
1 245 640
'278*460
1897.
215 658
26 043
241 701
89 2
"(i IK)
9C AS,1
8 180
1 234 972
'o68*806
1898
220,804
24 435
245 239
90 0
"(i 7 Hi
''") S 1 1
s 04<)
1 284 807
318 700
1899
228 976
21 387
250 363
91 5
8191
1 328 084
'362*389
1900
238.464
19 389
057 853
92 4
"S Of'i~>
OR 7CR
SL onq
1 350 258
385 253
1901
246.811
19 181
265 99 9
92 7
•;<) -•><)
27 144
8 667
1 409 472
1 445 283
1902.
257 437
17 398
274 835
93 6
41 fiOfi
Q 79fi
1 503 949
1 541 039
NOTE. — In the above classification those roads whose statements are grouped under the head of Class 1
comprise all lines that may be designated "common carrier railroads" in the full sense of the expression;
prises with which they are connected; and Class 6 includes roads not fully brought into operation, and
those whose operations are not fully reported. Class 4 is omitted because the traffic operations of these
switching and transfer railroad.* is merely a duplication of figures contained in Class 1; omitting these
trans|>ortation statistics necessarily causes the omission of all returns responsive thereto.
Statement of railroad construction in the United States during the years 1900-1902:
STATKW.
1900
1901
1902
STATES.
1900
1901
1902
Miles.
11.60
18.54
45 50
Miles.
16.08
Miles.
69.14
'4.00
4.00
Missouri \.
Miles.
42.75
61.10
316.29
Miles.
140.91
147.58
577.16
28.64
98.78
258.96
146.10
366.03
Mile*.
17S.'.»7
311.2!)
344.06
59.95
66.79
353.13
482.66
3S2.-19
New Hampshire
Arkansas. .
Texas
Massachusetts
Kansas
Colorado
84.33
1.95
166.26
137.99
Connecticut
0.50
New Mexico
New England
New York
75.64
9.00
3.91
213.78
16.58
19.50
0.24
103.78
77.14
49.37
3.74
145.24
Oklahoma Territory
Southwestern
810.67
278.07
251.83
104.13
119.93
13891
69.73
30.53
1,764.16
86.55
83.24
3.95
121.50
38.20
74.13
116.84
2,179.34
107.95
230.55
73.58
147.39
97 1 x*
Iowa
Minnesota
30.00
3.03
Nebraska
North Dakota
District of Columbia
Middle
Ohio
226.69
6.55
92.01
75.77
73.87
86.77
170.10
124.69
207.28
191.98
192.63
207.95
278.52
80.08
80.14
64.84
162.04
222.05
Wyoming
Montana
88.55
Michigan
Northwestern
Washington
993.13
70.40
45.00
149 75
524.41
157.44
15.95
88.16
40.00
120.51
81.81
14.65
671.17
97.30
21.00
97.87
8.23
Indiana
Wisconsin
Oregon
Central Northern
334.97
72.68
261.12
51.06
163.90
139.61
80.70
924.53
24.43
81.63
66.70
53.00
200.35
63.45
609.15
64.36
88.43
44.55
48.35
225.76
152.27
Nevada
Idaho
46.49
56.50
8.92
West Virginia
Arizona
Utah
21.48
108.11
Pacific
377.06
75.64
226.69
334.97
769.07
570.11
810.67
993.13
377.06
518.52
16.58
170.10
924.53
489.56
498.63
1,764.16
524.41
518.52
353.99
77.14
278.52
609.15
623.72
327.85
2,179.34
671.17
353.99
Georgia
Florida
South Atlantic
769.07
156.47
153.26
79.53
26.10
154.75
489.56
135.29
57.31
94.17
37.00
174.86
623.72
47.34
120.10
20.19
44.75
95.47
Middle.
Alabama
Central Northern
Mississippi
Gulf and Miss. Valley
Tennessee
Kentucky
Louisiana
Pacific
Gulf and Miss. Valley . . .
570.11
498.63
327.85
United States. . .
4,157.34
4,906.49
5,120.88
Statement showing miles of railroad from 1830 to the close of 1902, inclusive:
YEAR.
Miles in
Operation.
Annual
Increase of
Mileage.
YEAR.
Miles in
Operation.
Annual
Increase of
Mileage.
YEAR.
Miles in
Operation.
Annual
Increase of
Mileage.
1830 . .
1831
23
95
"72
1855...
1856
18,374
22,016
1,654
3,642
1880 . .
1881
93,262
103,108
6,706
9,846
1832
229
134
1857
24 503
2,487
1882
114,677
11,569
1833
380
151
1858 .
26, 90S
2,465
1883
121,422
6,745
1834
633
253
1859
28,789
1,821
1884
125,345
3,923
1835
1,098
465
1860
30,626
1,837
1885
128,320
2,975
1836
1,273
175
1861 . . .
31,286
660
1886
136,338
8,018
1837
1,497
224
1862
32,120
834
1887
149,214
12,876
1838
1,913
416
1863 . .
33,170
1,050
1888
156,114
6,900
1839
2,302
389
1864 ... .
33,908
738
1889
161,276
5,162
1840
2,818
516
1865
35,085
1,177
1890
166,654
5,378
1841 ....
3,535
717
1866 . . .
36,801
1,716
1891
170,729
4,075
1842
1843
4,026
4,185
491
159
1867
1868 . .
39,250
42,229
2,249
2,979
1892
1893
175,170
177,516
4,441
2,346
1844 ....
4,377
192
1869 ... .
46,844
4,615
1894
179,415
1,899
1845
4,633
256
1870
52,922
6,078
1895
181,065
1,650
1846
4,930
297
1871
60 293
7,379
1896
182,769
1,704
1847
5,598
668
1872
66,171
5,878
1897
184,591
1,822
1848
5,996
398
1873
70 268
4,097
1898
186,810
2,219
1849
7,365
1,369
1874
72,385
2,117
1899
190,818
4,008
1850 ....
9,021
1,656
1875
74 096
1,711
1900
194,334
3,516
1851
10,982
1,961
1876. .
76,808
2,712
1901
198,768
4.434
1852
12,908
1,926
1877
79 082
2,274
1902
203,132
4.365
1853
15,360
2,452
1878 .
81,747
2,665
1854
16,720
1,360
1879
86,556
4,809
NOTE. — The "annual increase in mileage" usually represents the net increase within the year named.
Above will be found a detailed statement of railroad construction for the three years 1900-1902, and similar
statements for preceding years will be found in the past numbers of the MANUAL. The total mileage of
all lines in the country at the end of 1901, as shown by the revised statements presente I herewith, was
198,768.08 miles; construction during the year, as per construction table above, 5,120.88 miles — total,
203,888.96, from which deduct sundry lines reported abandoned, transferred to side track, and equipped
with electricity, aggregating 757.35, leaving mileage, Dec. 31, 1902, 203,131.61 miles.
VI
Statement showing mileage of railroads by States and Groups on 31st of December,
each yrar. at various periods since 1850 (excluding all elevated city passenger railways) :
STATK* \\i>
GROUPS OK STATUS.
1850
1860
1870
1880
1890
1895
1900
1901
1902
New England:
Maine
MI
M
200
1,035
68
402
472
Ml
554
I.2IH
108
601
7:51
614
1,480
136
742
1.005
1.015
914
1,915
210
923
1,377.47
1,142.25
991.42
2.096.69
217.43
1,006.64
1,704.71
1,171.44
974.99
2,113.86
226.37
1.008.15
1,916.94
1.193.15
1,045.28
2,111.42
209.29
1,025.40
1,933.03
1,192.37
1,045.43
2,112.22
209.29
1.<>2:,.'.*1
2,002.13
1.1111.95
1.052.31
2,114.94
209.29
1,025.90
New Hampshire
Vermont
M:- wttl
Kh...l.-M,>;.|
Connecticut
Group I Tctal
2,507
1,36)
m
1,240
39
259
3,660
2,682
560
2,598
127
386
4,494
3,928
1,125
4,050
197
671
5,977
5,957
1,684
6,191
275
1,040
o.x'ii.iH)
7,684.41
2,109.06
8,638.99
314.95
( 1,270.04
I 20.06
7,199.52
8.130.07
2,217.27
9,664.91
315.44
1.291.54
22.88
7,501.48
8,095.00
2,242.93
10,334.08
348.62
1,339.34
24.88
7,518.24
8,114.95
2,242.10
10,393.83
337. 19
1,366.07
24.88
7,596.52
8,137.49
2.238.14
10.508.45
337.14
1,36900
24.87
Middle Atlantic:
New York
New Jersey
Pennsylvania
Delaware
Maryland 1
District of Columbia )"
Group II Total
3,105
575
342
228
111
20
6,353
2,946
779
2,163
2,790
905
10,577
3,538
1,638
3,177
4,823
1,525
15,147
5,792
3,938
4,373
7,851
3,155
20,038.11
7,980.49
7,108.48
6,109.19
10,165.67
5,612.62
21,642.11
8,698.50
7,562.60
6,416.03
10,673.47
6.097.66
22,384.85
8,885.46
8,092.46
6,563.22
11,058.37
6,538.87
22,479.02
9,011.05
8,240.64
6,745.26
11,238.83
0,725.80
22,615.09
8,971.76
8,241.10
6,801.87
IU'IX.07
0,S73.40
Central Northern :
Ohio
Michigan
Indiana
Illinois
Wisconsin
Group III Total
1,276
384
97
283
289
643
21
9,583
1,379
352
937
973
1,420
402
14,701
1,486
387
1,178
1,139
1,845
446
25,109
1,893
691
1,486
1,427
2,459
518
36,976.45
3,359.65
1,433.30
3,128.17
39,448.26
3,603.38
2,075.16
3,449.55
41,138.38
3,794.93
2,484.69
3732.64
41,961.58
3,811.74
2,557.44
3,776.41
2,963.09
5.886.78
3.290.04
42,286.20
3,870.58
2,14597
3,798.03
3,011.44
6,109.73
3.435.81
South Atlantic:
Virginia
West Virginia
North Carolina
South Carolina
2,289.15
4,600.80
2,489.52
2,622.55
5,224.54
3,059.05
2,919.43
5.730.02
3,255.71
Georgia
Florida
Group IV., Total. . .
1,717
183
75
5,463
743
862
1,253
534
335
6,481
1,157
990
1,492
1,017
450
8,474
1,843
1,127
1,843
1,530
652
17,300.59
3,422.20
2,470.85
2,767.38
20,034.23
3,665.45
2,497.78
3,116.54
21,917.42
4,197.22
2,934.27
3,184.91
22,285.50
4,315.83
2,988.25
3,267.01
3,127.17
2.945.16
22.X71 :,ti
4,357.12
3,099.15
3,280.87
3,177.74
3,065.01
GvllAMitt. Valley:
Alabama
Mississippi. , .
Tennessee
Kentucky
78
80
2,942.38
1,739.85
3,069.18
2,110.08
3,093.75
2,801.27
Louisiana
Group V., Total
416
3,727
817
38
307
5,106
2,000
256
711
1,501
157
6,995
3,965
859
3,244
3,400
1,750
758
289
13,342.66
6,142.02
2,203.44
8,703.85
8,892.11
4,291.11
1,388.77
1,260.65
14,459.03
6,571.58
2,439.20
9,423.55
8,875.25
4,506.19
1,508.03
j 1,154.98
1 431.17
16,211.42
6,887.44
3,108.56
9,991.62
8,714.06
4,649.63
1,779.06
1,487.60
911.58
16,643.42
7,010.44
3,240.33
10,565.93
8,744.08
4,740.60
2,031.11
1,631.20
1,278.93
16,979.89
7,148.03
3,530.99
10,874.17
8,803.18
4,801.54
2,349.20
2,114.03
1,663.83
Southwestern:
Missouri
Arkansas
TPTH« ,
Kansas
Colorado
New Mexico
Indian Country (
Oklahoma Territory f
Group VI., Total
Northwestern:
Iowa
1,162
655
4,625
2,683
1,092
705
65
459
14,085
5,400
3,151
1,953
1,225
512
106
32,887.95
8,416.13
5,545.35
5,407.47
1 2,116.49
j 2,610.41
1,002.93
2,195.57
34,909.83
8,525.11
6,061.67
5,542.27
2,522.71
2,800.80
1,177.93
2.X !.-)..-)!
37,529.55
9,391.90
6,996.89
5,695.26
2,810.62
2,961.86
1,279.20
3,029.22
39,242.62
9,451.09
7,060.86
5,704.14
2,932.30
3,004.91
1,322.14
3,146.09
41,284.97
9,559.48
7,285.40
5,777.66
3,079.35
3,027.74
1,313.31
3.234.27
Mluunta
Nebraska
North Dakota I
Wyoming
Montana
Group VII., Total . . .
Pacific:
Washington
655
5,004
12,347
289
508
2,195
739
206
349
842
27,294.36
201205
29,476.00
282005
32,164.95
288844
32,621.53
3,053.10
1,686.94
5,683.82
960.37
1,440.61
1,597.75
1,593.58
33,277.21
3,112.31
1,711.94
5,772.59
960.53
1,433.91
1,617.49
1,011.40
Oregon
159
925
593
1,439.97
4,349.73
923.18
946.11
1,094.81
1.265.49
1,513.66
4,791.35
915.62
1,087.79
1,412.20
1,405.29
1,670.90
5.5SS.56
920.37
1,319.41
1,515.94
1.581.92
California
23
Nevada
Idaho
Ariiona
Utah
257
Group VIII., Total
23
1,934
5,128
12,031.34
13,945.96
15,485.54
16,016.17
16.220.17
RECAPITULATION BY GROUPS OF STATES.
New England Group. . . .
2,507
3,105
1.276
1,717
416
3,660
6,353
9JKt
5.463
3,727
1,162
655
23
4,494
10,577
14,701
6,481
5,106
4,625
5,004
1.934
5,977
15,147
25,109
8,474
6,995
14,085
12.347
5,128
6,831.90
20,038.11
36,976.45
17,300.59
13,342.66
32.887.95
27,294.36
12.031.34
7.199.52
21,642.11
39,448.26
20,034.23
14.459.03
34.909.83
29.476.00
13.945.96
7,501.48
22,384.85
41,138.38
21,917.42
16,211.42
37.529.55
32.164.95
15.4X5.54
7,518.24
22.479.02
41,961.58
22.2S5.50
16,643.42
39,242.62
32,621.53
16,016.17
7,596.52
22.615.09
42,286.20
22,871.56
16,979.89
41,284.97
33,277.21
10,220.17
Middle Group
Central Northern Group
South Atlantic Group. . . .
Gulf A Mississippi Valley Group.
Southwestern Group
Morthwestern Group
PsciOc Group
United States
9.021
30,626
52,922
-i.-i.-VC'
166,703.36
181,114.94
194,333.59
198,768.08
203,131.61
Vll
STATISTICS OF STOCK AND BOND CAPITALIZATION, BY GROUPS OF STATES, 1890-1902.
GROUP 1. — New England States: Maine, New Hampshire, Vermont, Massachu-
setts, Rhode Island and Connecticut:
STOCK AND BOND LIABILITIES.
LIABILITIES PER MILE RAILROAD.
K
RAILROAD
<
•
OWNED.
Stock 'in-!
>H
Capital Stock.
Bonded Debt.
Total Stock
and Bonds.
Stock per
Mile.
Bonds per
Mile.
Bonds per
Mile.
Mile».
$
S
*
$
$
$
1890..
6,985
236,186,197
166,373,688
402,559,885
33,813
23,819
57,632
1891..
7,046
242,120,889
168,559,547
410,680,436
- 24,363
23,922
58,285
1892..
7,088
257,492,666
166,512,910
424,005,576
36.328
23,492
59,820
1893..
7,103
268,800,692
162,553,063
431,353,755 37.843
23,443
61,286
1894..
7,240
281,472,218
170,272,633
451,744,851
38,877
23,516
62,393
1895..
7,398
287,280,127
177,386,645
464,666,772
38,832
23.978
62,810
1896..
7,477
305,092,052
167,306,358
472,398,410
40,804
22.376
63,180
1897..
7,521
288,931,591
199,478,972
488,410,563
38,417
26,523
64.940
1898..
7,599
286,097,456
206,600,063
492,697,519
37,649
27,187
64,836
1899..
7,659
293,039,555
206,327,358
499,366,913
38,261
26,939
65,200
1900..
7,757
293,280,126
207,444,385
500,724,511
37,808
26,742
64,550
1901..
7,933
288,837,050
225,558,885
514,395,935
36,409
28,433
64,842
1902..
8,020
. 291,833,275
230,860,434
522,693,709
36,388
28,785
65,173
GROUP 2. — Middle States: New York, New Jersey, Pennsylvania, Delaware and
Maryland :
1890..
19,439
1,077,072,361
1,177,928,007
2,355,445,386
57,787
63,005
120,792
1891..
19,692
1,069,648,890
1,145,590,604
2,215,239,444
54,319
58,175
112,494
1892..
20,287
1,168,702,493
1,252,043,829
2,420,746,322
57,608
61,716
119,324
1893..
20,740
1,194,750,942
1,283,858,568
2,478,600,510
57,606
61,903
119,509
1894..
20,810
1,212,380,548
1,295,030,752
2,507,411,300
58,260
62,231
120,491
1895..
21,100
1,221,910,183
1,306,780,917
2,528,691,100
57,910
61,932
119,842
1896..
21,883
1,294,286,963
1,335,829,192
2,630,116,155
59,146
61,044
120,190
1897..
22,187
1,410,237,599
1,322,421,509
2,732,659,108
63,561
59,603
123,164
1898,.
22,113
1,144,093,841
1,466,801,386
2,910,895,227
65,305
66,332
131,637
1899..
23,159
1,470,336,197
1,464,789,415
2,935,125,612
63,488
63,249
126,737
1900..
23,177
1,543,987,540
1,505,005,995
3,048,993,535
66,617
64,935
131,552
1901..
24,248
1,629,349,966
1,624,861,664
3,254,211,630
67,195
67,010
134,205
1902..
24,404
1,663,531,993
1,716,077,647
3,379,609,640
68,166
70,320
138,486
NOTE. — The differences in this statement, for Group 2, as compared with the MANUALS previous to
1899, are the result of the elimination of the statistics of elevated railroads in New York State.
GROUP 3. — Central Northern States: Ohio, Michigan, Indiana, Illinois and Wis-
consin :
1890..
47,625
1,193,013,756
1,343,845,703
2,536,859,459
25,050
28,217
53,267
1891..
48,136
1,192,877,926
1,373,827,609
2,566,705,535
24,781
28,541
53,322
1892..
50,466
1,191,399,741
1,411,788,343
2,603,188,084
23,608
27,975
51,583
1893..
51,518
1,233.567,203
1,476,470,571
2,710,037,774
23,944
28,659
52,603
1894..
51,735
1,255,633,632
1,516,342,975
2,771,976,607
24,271
29,310
53,581
1895..
52,253
1,264,971,040
1,527,253,032
2,792,224,072
24,209
29,228
53,437
1896..
52,056
1,218,242,422
1,417,464,035
2.635,706,457
23,403
27,230
50,633
1897..
52,336
1,219,448,960
1,429,305,032
2,648,753,992
23,300
27,310
50,610
1898..
52,824
1,211,135,795
1,428,924,595
2,640,060,390
22,927
27,050
49,977
1899..
52,872
1,244,431,393
1,419,982,689
2,664,414,082
23,537
26.857
50,394
1900..
54,012
1,241,312,667
1,447,396,939
2,688,709,606
22,982
26,797
49,779
1901..
55,116
1,324,530,672
1,453,365,354
2,777,896,026
24,032
26,369
50,401
1902..
55,933
1,341,197,188
1,482,089,323
2,823,286,511
23,979
26,497
50,476
GROUP 4.— South Atlantic States: Virginia, West Virginia, North Carolina, South
Carolina, Georgia and Florida:
1890..
17,077
359,927,61 1
336,961,930
696,889,541
21,077
19,731
40,808
1891..
17,871
374,547,286
349,892,314
724,439,600
20,954
19,580
40,534
1892..
18,658
377,150,170
381,411,607
758,561,777
20,214
20,442
40,6.56
1893..
18,996
384,864,615
394,054,946
778,919,561
20,260
20,744
41.004
1894..
19,619
372,594,953
396,814,668
769,409,621
18,992
20,226
39,218
1895..
20,907
518,720,806
433,535,957
952,256,763
24,810
20,736
45.546
1896..
21,160
511,958,952
442,035,774
953,994,726
24,199
20,895
45,094
1897..
21,806
536,032,574
429,261,801
965,294,375
24,582
19,685
44,267
1898..
22,076
536,924,343
433,774,615
970,698,958
24,322
19,649
43.971
1899..
21,918
525,965,878
438,068,038
964,033,916
23,997
19,987
13,964
1900..
23,170
553,982,383
437,936,621
991,919,004
23,909
18,901
42,810
1901..
24,455
607,139,772
494,658,980
1,101,798,752
24,827
20,227
45,054
1902..
25,060
596,126,450
503,357,275
1,099,483,725
23,788
20,086
43,874
Vlll
GROUP 5. — Gulj <in<l .WJ.--.VIN.X //>/*/
Tennessee and Louisiana:
N/<// •.-•: Alabama, Mississippi, Kentucky.
STOCK ANI> BOND I.I.MULITIKS.
LIABILITIES PEK MILE HAILKOAD.
—
H
>
RAILROAD
OWNKD.
Capital Stork.
Holi.lr.l Drill.
Total Stork
and Bonds.
Stocks per
Mile.
Bonds per
Mile.
Stock and
Bonds per
Mile.
Mili-f
$
$
S
$
S
S
1890..
1891..
11.403
12,069
265,455,070
306,024,869
318,396,348
:; is. 064,425
583,851,418
654,089,294
23,279
25,356
27,922
28,839
51,201
54,195
1VIL1.
12.069
309,435,371
369,758,952
679,194,323
25,638
30,637
56,275
1893..
12,319
311,562,994
371,667,249
683,230,243
25,291
30,170
55,461
1804..
12,528
300,281,568
362,619,388
662,900,956
23,969
28,945
52,914
1MI.Y.
11.:, is
264,975,837
345,724,557
610,700,394
22,946
29,938
52,884
1X96..
11,527
246,348,487
322,514,017
568,862, 5' "'4
21.371
27,979
49,350
1N97..
11.900
247,782,232
311,210.685
558,992,917
20,822
26,152
46,974
IV.IS
11,504
218,950,806
314,872,461
533,823,267
19,032
27.370
46,402
1890.
1 1 ,945
216.551,313
310,101,209
526,652,522
18,129
25,960
44,089
1900..
11,960
202,661,277
304,815,828
507,477,105
16,944
25,486
42,430
1901..
11,696
199,502,077
272,084,386
471,586,463
17,057
23,263
40,320
1902..
11,841
192,730,334
256,735,799
449,466,133
16,276
21,681
37,957
GROUP 6. — Southwestern States: Missouri, Arkansas,
New Mexico, Oklahoma and Indian Country :
Texas, Kansas, Colorado,
1890..
31.724
764,192,260
905,122,912
1,669,315,172
24,089
28,531
52,620
1891..
32,168
816,413,313
914,906,748
1,731,320,061
25,380
28,410
53,790
1892..
31,437
808,506,778
930,135,360
1,738,642,138
25,718
29,587
55,305
1893..
32,156
820,631,273
938,623,790
1,759,255,163
25,521
29,190
54,711
1894..
32,227
801,406,019
957,726,768
1,739,132,787
24,868
29,098
53,966
1895..
32,698
818,988,462
937,375,528
1,756,363,990
25,047
28,668
53,715
1896..
32,927
968,701,017
867,402,712
1,836,103,729
29,420
26,343
55,763
1897..
33,263
980,441,896
896,197,330
1,876,639,226
29,475
26,943
56,418
1898..
34,382
914,565,270
851,777,983
1,766,343,253
26,600
24,773
51,373
1899..
35,132
930,189,966
878,867,044
1.809,057,010
26,471
25,016
51,487
1900..
35,642
920,435,273
892,351,347
1,812,786,620
25,824
25,036
50.860
1901..
36,058
939,545,596
908,598,817
1,848,144,413
26,056
25,198
51,254
1902..
37,537
994,256,375
1,012,551,202
2,006,807,577
26,487
26,974
53,461
GROUP 7. — Northwestern States: Iowa,
North Dakota, Wyoming and Montana:
Minnesota, Nebraska, South Dakota,
1890..
19,925
401,201,957
558,038,000
959,239,957
20,136
28,007
48,143
1891..
ui.i:;ii
427,846,391
618,158,706
1,046,005,097
19. 90.-)
28,845
48,810
1892..
21,791
433,499,523
624,571,531
1,058,071,054
19,893
28,662
48,555
1893..
23,108
477,553,352
627,269,591
1,104,822,943
20,666
27,145
47,811
1894..
23,487
477,533,059
642,709,562
1,120,242,621
20,332
27,365
47,697
1895..
23,421
481,826,613
633,533,032
1,115,359,645
20,572
27,050
47,622
1896..
23.516
491,906,865
629,239,897
1,121,146,762
20,918
26,758
47,676
1897..
23,542
555,696,245
650,238,590
1,205,934,835
23,604
27,620
51,224
1898..
23,762
618,971,376
637,795,678
1,256,767,054
26,049
26,841
52,890
1899..
24,4:«)
697,024,815
633,005,833
1 ,330,030,648
24,438
25,915
50,353
1900..
25,218
680,172.883
621,287,369
1.301,460,252
26,971
24,636
51,607
1901..
26.620
6.56,328,168
734,916.964
1,391,245,132
24,655
27,608
52,263
1902..
26,861
674,441,079
966,186,616
1,640,627,695
25,109
35,970
61,079
GROUP 8.— Pacific States:
Utah and Idaho:
California, Oregon, Washington, Nevada, Arizona,
1890..
9.181
293,422.348
248,558,437
541,980,785
31,960
27,073
59,033.
1891..
9,433
322.270,934
261,227,071
583,498,005
34,164
27,693
61,857
1892..
10.008
316.931,330
270,732,472
587,663,802
31,667
27,051
58,718
1893..
9.502
329,845,480
255,860,785
585,706,265
34,713
26,927
61,640
ISM..
10,407
326,302,721
284,355,053
610,657,774
31,354
27,323
68.677
1895..
10.497
322,700,531
287,069,768
609,770,299
30,742
27,348
58,090
1896..
10,847
336,651,061
280,064,813
616,715,874
31,036
25,820
56,8*6
1897..
10,993
364,393,352
296,3 IS. r>7:;
660,711,925
33,148
26,956
60,104
1808.
10.635 349,783,971
293,116,813
642,900,784
32,889
27,561
60,450
1899..
10,666 364.642.064
293,716,146
658,358,210
34,187
27,547
61,734
1900..
11.225
368.514,101
342,354,270
710,868,371
32.829
30,499
63,328
1901.. 9,761
333,562,948
321,424,691
654.987,639
34,173
32,930
67,103
1902..
10,029
324,173,902
258,285,533
582,459,435
32,324
25,755
58,079
IX
STATISTICS OF PASSENGER TRAFFIC FOU THIRTEEN YEARS, 1890-1902:
Statement showing the length of road operated, passenger statistics, earnings,
otc.. etc., of all the railroads in the United States from 1890 to 1902, inclusive:
It.
K
(H
1890.
1891.
1892.
1893.
1894.
1895.
1891).
1897.
189S.
1893.
1900.
1901.
1902.
Length of RRs. in
Operation.
Miles Run by Pas-
senger Trains.
PASSENOK : TKAF ic.
PASSKNGER EARNINGS.
< °
if!
Average Distance
Travelled p. Pas-
senger.
Pass'ng'rs
Carried.
Passenger
Movement.
Gross
Amount.
Av. Re-
ceipts
p. Pass.
p. Mile.
Av. Kcc.
per
Pass.
Av. Rec.
p. Pass.
Train
Mile.
Av. Rec.
p. Mile.
ofRR.
Miles.
157,976
164,262
170,607
173,361
176,221
179.154
180,891
180,621
183,216
185,550
190,694
193,823
196,648
Miles.
297.244,707
320,712,013
323,930,550
338,551,608
325,981,863
326,184,59C
337,641,115
342,464,408
344,761,142
355,106,832
373,226,581
391,543,705
403,213,175
No.
520,439,082
556,015,802
575,769,678
597,056,539
569,660,216
529,756,259
535,120,756
504,106,205
514,982,888
Miles.
12,521,565,649
13,316,925,239
13,584,343,804
14,979,847,458
13,600,531,635
12.609,082,551
13,054,840,243
12,494,958,000
13,672,497,664
$
272,320,961
290,799,696
293,557,476
310,442,870
275,352,190
260,929,741
265,313,258
253,557,936
272,589,591
Cents.
2.174
2.184
2.168
2.072
2.025
2.069
2.032
2.023
1.994
2.002
2.031
2.028
2.012
Cents.
52.13
52.30
50.99
52.00
48.34
49.25
49.58
50.30
52.93
55.31
56.67
60.07
60.52
Cents.
91.61
90.67
90.62
91.70
84.47
79.99
78.58
74.04
79.07
83.79
88.79
92.12
98.34
$
1,724
1,770
1,721
1,791
1,563
1,456
1,467
1,403
1,488
1,604
1,738
1,861
2,016
No.
3,294
3,385
3,375
3,444
3,233
2,957
2,958
2,791
2,811
2,899
3,066
3,098
3,331
Miles.
42.12
41.52
41.93
44.25
41.72
38.66
38.66
36.49
39.66
41.84
43.22
45.43
48.87
Miles.
24.05
23.95
23.59
25.09
23.87
23.88
24.40
24.78
26.55
27.63
27.90
29.63
30.08
537.977,301
14,859,541,965
297,559,712
331,402,816
584,695,935
16,313,284,471
WO. 485,790
.55,130,236
17,789,669,925
19,706,908,785
360,702,686
396,513,412
NOTE. — The mileage operated in 1897-1902, as above, is exclusive of switching railroads, which in
1897 were 741.37 miles, in 1898, 338.85 miles, in 1899, 310.61 miles, in 1900, 350.72 miles, in 1901, 462.28
miles, and in 1902, 448.88 miles; these roads not reporting details of passenger traffic or earnings, as also
the mileage of railroads doing a freight business exclusively. (See class 3 in table on p. iii.) For the same
reason the mileage of switching railroads is omitted from the group tables following.
STATISTICS OF PASSENGER TRAFFIC, BY GROUPS OF STATES, 1890-1902:
GROUP 1. — New England States: Maine, New Hampshire, Vermont, Massachu-
setts, Rhode Island and Connecticut :
1890.
7,011
28,127,218
111,841,063
1,743,129,541
33,421,885
1.92
29.88
118.82
4,767
15,810
61.97
15.59
1891.
7,316
29,788,328
118,502,901
1,837,802,346
34,740,209
1.89
29.32
116.63
4,749
16,198
61.70
15.51
1892.
7,332
31,298,204
123,960,648
1,902,487,160
36,291,555
1.91
29.28
115.95
4,950
16.907
60.79
15.35
1893.
7,139
32,438,002
12S.03S.322
1,980,217,796
34,937,084
1.76
27.27
107.70
4,894
17.943
61.03
15.46
1894.
7,452
31,097,374
128,545,855
1,842,924,000
34,462,989
1.87
26.81
110.82
4,625
17,250
59.26
14.34
1895.
7,659
30,266,737
116,069,178
1,856,263,668
34,224.725
1.84
29.48
113.07
4,468
15,155
61.33
15.99
1896.
7,745
31,856,978
118,140,043
1,964,810,003
36,237,100
1.84
30.67
113.75
4,679
15,254
61.68
16.63
1897.
7,583
31,485,978
109,064,367
1,853,911,708
34,410,597
1.86
31.55
109.29
4,538
14,382
58.88
17.00
1898.
7,571
32,105,934
108,238,631
1,859,725,010
34,050,282
1.83
31.46
106.05
4,497
14,296
57.92
17.17
1899.
7,752
32 824 322
108.153.748
1.899.878.260
34,628,658
1.82
32.01
105.49
4,467
13.952
57.82
17.56
1900.
7,850
33,704,744 1 15,533,553; 2,065,369,796
37,441,242
1.81
32.40
111.08
4,770
14,718
61.27
17.87
1901.
7,943
33,840,556 115,727,357i 2,079,323,638
37,605,275
1.81
32.49
111.15
4,734
14.570
61.43
17.97
1902.
7,702
31,949,003
112,955,845
1,973,710,270
35,454,695
1.84
31.38
110.97
4,603
14,665
61.77
17.47
GROUP 2. — MiddleStates:Ne\vYork,Ne\vJersey, Pennsylvania, Delaware andMaryland:
1890.
1891.
1892.
1893.
1894.
1895.
1896.
1897.
1898.
1899.
1900.
1901.
1902.
19,314
19,694
19,876
20,413
20,772
21,890
22,288
22.340
22,555
23,496
24.542
24,740
25,239
79,399,847
83,604,415
81,518,932
87,115,499
83,377,141
208,578,403
221.138,953
223,861,314
234,401,194
3,522,178,739
3,850,100,826
3,825,271,220
4,128,610,368
70,539,447
72,857,127
71,903,150
77,051,424
2.02
1.89
1.88
1.87
1.87
1.82
1.84
1.83
1.80
1.79
1.81
1.81
1.83
33.81
32.95
32.12
32.87
33.30
33.30
33.65
35.08
35.66
37.68
38.29
39.26
41.42
88.84
87.15
88.20
88.45
83.90
78.98
75.92
74.80
75.99
81.03
86.90
91.66
104.30
3.652
3.699
3,618
3,775
3,320
3,196
3,122
3.093
3,181
3,339
3,514
3,793
4,337
10,799
11.229
11,263
11,483
10,112
9,587
9,277
8,816
8.919
8,862
9.175
9.664
10.472
44.36
46.05
46.92
47.39
44.89
43.57
41.37
40.93
42.13
45.11
48.00
50.52
56.88
16.89
17.41
17.09
17.61
17.82
18.43
18.34
19.20
19.77
20.97
21.15
21.64
22.59
210,041,569
3,742,672,678
69.954,308
69i954,596
69,584,155
69,092,293
71,741,566
78,461,385
86.239,673
93,848,944
109,475,389
88,570,409
91,655,728
92,378,779
94,398,765
96,827,598
99,235,062
102,391,811
104,960,211
203,847,049
206,772,751
196,948,815
201,170,636
208.219,167
225,183,898
239,075,406
264,315,847
3,857,535,a57
3.791,569,013
3,781,345,140
3,976,849,193
4,368,114,354
4,764,067.028
5,172.493.003
5,970,839,261
GROUP 3. — Central Northern States: Ohio, Michigan, Indiana, Illinois and Wisconsin:
1890.
50,936
91,772,418
107,316,353
3,438,232,529
75,931,9.50
228
70.55
82.74
1.490
2.106
37.46
32.01
1891.
51,426
98,750,086
116,684.688
3,644,184,634
81,526,963
2.24
69.87
82.56
1,585
2,269
36.90
31.23
1892.
53,163
104,226,627
126,745,771
3,895,169,404
84,788,271
2.18
66.90
81.35
1,595
2.384
37.37
30.73
1893.
53,573
109,299,941
137,576,482
4,696,203,5'J5
96,725,843
2.06
70.31
88.50
1,805
2,568
42.97
34.14
1894.
54.266
104,940,892
140,438,105
4.258,376,108
84,020,175
1.97
59.83
ao.06
1,548
2,588
40.58
30.32
1895.
53,733
100,281,731
113,500,394
3,358 494,i52
72,161,921
2.15
63.58
71.96
1,343
2.112
33.49
29.59
18%.
55,214
104,369,496
120,473,195
3,557,695,514
74,720,960
2.10
62.02
71.59
1,353
2,182
34.09
29.53
1897.
53.751
102,814,710
111.413,808
3.336,185.242
68,749,924
2.06
61.73
66.89
1,279
2,073
32.50
29.94
1898.
55,217
106,119,166
111.901,700
3.625,887,725
73.864.202
2.04
66.01
69.61
1,338
2,027
34.17
32.40
1899.
55,989
112.423.039
121,924,669
4,066.7S5.2S<>
84.064.0.50
2.06
68.95
74.68
1,501
2.178
»>.!"
33.35
1900.
57,598
117,812,067
132,765.724
4.488.439.S65
93.521,023
2.08
70.44
79.38
1.024
2.305
3S.09
33.80
1901.
1902.
56.641
57,680
120,942.843
125,961.069
124.106.364
144,912.355
4,931,443.510
5.287,672,425
100.390,447
107,921.259
2.04
2.04
80.89
74.47
83.01
g&M
1,772
1,871
2.191
2,512
40.78
41.97
39.73
36.49
GROUP 4. — South Atlantic ,s'/<//<.s.- Virginia, West Virginia, North Carolina, South
Carolina, Georgia and Florida:
£ •
I
I'ABSKNGKR TRAFKT.
PA88KNCI.il i;\UNING8.
y±
&i
c
5.1
§H
•Q^TJ-
= J.S
I1-
'
•32
•
X tr
Av. Re-
Av. Rec.
Av. Rec.
o Jb
^s E
•g
£
to
• 1
i' . M . '
Passenger
Gross
ceipts
Av. Rec.
p. Pass.
per
^ §"3
SB h
«~c t
c
Carried.
Movement.
Amount.
p. Pass.
per
Train
Mile of
• I;
~t /
. • e '
= &
**
*l
p. Mile.
Pass.
Mile.
RR.
^ % *n
Ml
|1|
,/i/M
3/l/M.
N*.
Miles
s
Cents.
Cents.
Cents.
S
No.
Miles.
Miles.
1890.
'14.555
18.913.729
16,878.129
617.490,133
15,723,599
2.55
93.10
83.13
1,080
1.160
32.64
30.59
lv,|.
16 648
19.901.399
18.576,983
656,188,150
17,411,465
2.65
93.73
87.23
1,04 'i
1.116
32.87
35.32
I.VU.
I7iiil2
21 125 3.50
19,417,330 656,472,210
17,020,521
2.59
87.66
80.57
906"
1.103
31.07
33.80
iv.:;.
18.171
22,837,204
21,707,060 745,549,967
18,05(1,837
2.42
83.18
80.84
993
1,194
33.38
34.34
IV, t
19.0ti9
22,203.091
18,142,366
627,504,970
15,110,978
2.41
83.32
67.92
837
1,005
28.19
34.59
1805.
20.443
25.130,910
19,088.656
704,437,223
16,587,783
2.35
84.25
65.99
811
963
28.02
35.78
20.S49
25.500,802
20,790,674
825,832,199
17,787,761
2.15
85.56
69.75
853
997
32.38
39.72
lv'7.
21,372
25.223,704
19,335,919
725,640,710
10,544,994
2.28
85.57
65.99
774
905
28.77
37.53
1808.
21,877
25,098.400
20,786.263
820,711,279
18,430.903
2.25
88.67
71.72
842
950
31.94
39.48
1800.
22.450
20,030,304
22,882,670
1,013,785.933
21,329,630
2.10
93.21
80.09
950
1,019
38.06
44.30
1900.
tun
».5»,828
24,586,497
991,211,428
23,775,756
2.40
96.70
80.48
1.052
1,089
33.56
40.32
1901.
23.498
32.177,336
26,256,777
1,084.245,995
25,702,450
2.37
97.89
78.87
1,094
1.117
33.70
4.5.10
1902.
24.363
32,119,869
30,479,690
1,255,633,494
28,901,632
2.30
94.82
89.98
1,186
1,251
39.09
41.19
GROUP 5. — Gulf and Mississippi Valley States: Alabama, Mississippi, Tennessee,
Kentucky and Louisiana:
1890.
9.569
15,335,810
16,292,472
539,058,947
13,262,094
2.46
81.40
86.48
1,386
1,703
35.10
33.0S
1891.
10,731
16,973,058
18,059,211
587,241,005
15,190.877
2.59
84.15
89.54
1,416
1,683
34.60
32.52
1892.
11.410
16,832.507
IS.IKil.MM)
587,294,225
14,388,142
2.45
79.80
85.48
1,261
1,580
34.89
32.5'
1893.
11.134
10,618.040
15,526,407
512,752,915
13,661,196
2.66
87.99
82.21
1.227
1.395
30.86
33.0J
1894.
11,667
16,422,783
13,002,939
502,389,039
12,410,997
2.47
91.24
75.57
1,063
1,166
31.20
36.9!
1895.
10.329
14.413,723
11,464,783
429,500,019
10,381,253
2.42
90.55
72.02
1,005
1,110
29.80
37.4;
1890.
10,236
15,234,766
12,386,271
506,426,588
11,455,015
2.26
92.48
75.19
1,119
1,210
33.24
40.8
1897.
9,940
14,574,031
11,859,847
448,717,681
10,606,518
2.37
89.70
72.77
1,067
1,193
30.79
37.&
1898.
9,650
13,825,607
11,911,999
494,382,072
10,897,102
2.20
91.48
78.82
1,129
1,234
35.76
41.«
1899.
9.396
13,878,090
12,118,319
509,424,320
11,697,850
2.29
96.53
84.29
1,244
1,290
36.70
42.0:
1900.
9,667
13,764,244
14,161,602
503,737,387
12,030,831
2.39
85.00
87.45
1,245
1,465
36.60
35.5'
1901.
10,450
15,119,525
15,794,531
567.550,353
13.853,283
2.44
87.71
91.65
1,326
1,511
37.54
35.9J
1902.
10,191
15,262,445
16,346,089
599,014,065
12,374,472
2.06
75.70
81.08
1,214
1,604
39.24
36.fr
GROUP 6. — Southwestern States: Missouri, Arkansas, Texas, Kansas, Colorado,
New Mexico, Oklahoma and Indian Country:
1890.
28,356
29,234,851
23,466,718
1,050,889,019
27,709,545
2.64
118.08
94.78
977
828
35.95
44.78
1891.
ujm
32,622.104
23,620,082
1,080,625,228
28,912,743
2.68
122.41
88.63
969
792
33.13
45.75
1892.
30.313
32,826,414
22,669,460
1,023,658,060
28,618,093
2.80
126.24
87.18
944
748
31.18
45.16
1893.
30,777
34,892,900
22,359,085
1,154,072,800
29,357,108
2.54
131.30
84.13
954
727
33.07
51.53
1894.
30.591
34,532.078
21,602.492
1,153,590,067
25,864,175
2.24
119.73
74.90
845
706
33.41
53.40
1895.
31,744
35,101,545
24,472,525
1,086,787,708
25,336,364
2.33
103.49
72.18
798
770
30.96
44.41
I8M.
31,046
35,827,204
21,388.022
1,055,307.944
24,730,744
2.34
115.63
69.03
797
888
29.46
49.34
1897.
31,713
35,653,313
19,165,977
1,006,772,880
23,679,467
2.35
123.50
66.42
747
604
28.24
52.53
1808.
31,301
35,531.693
21,208,882
1,172,643,432
26,777,597
2.28
126.21
75.36
855
678
33.00
55.30
190.
31.921
35,466,735
22,777,257
1,212,185,255
28,296,641
2.33
124.23
79.78
886
714
34.17
53.21
1900.
32.544
39,135,736
26,407,555
1,384,999,933
32,223,086
2.33
122.02
82.34
990
811
35.39
52.45
1901.
B£M
42,028,048
28.297,111
1,604.398,599
37,618.500
2.34
132.94
89.51
1.142
859
38.17
56.60
1902.
34,290
46,801,219
31,270,350
1,881,099,163
42,812,764
2.27
136.91
91.48
1,248
912
40.19
60.15
GROUP 7. — Northwestern States: Iowa, Minnesota, Nebraska, North Dakota, South
Dakota, Wyoming and Montana:
1890.
20.859
24,206.739
16,370,723
993.442,025
22,091.177
2.21
134.89
91.26
1,059
785
41.04
60.66
1891.
20,299
23.891,633
16,831,634
973,961,021
22,035,902
2.32
143.48
94.74
1,11.5
829
40.77
57.86
IV...'.
22,064
24,418,617
17,217,443
989,370.139
22,976.126
2.32
133.45
94.09
1,041
780
40.52
57.46
iv.:',.
91,882
24,384.387
16,026,107
967,306,722
22,311,636
2.31
139.22
91.50
1,020
732
39.67
60.36
I8M.
njess
21,200,282
11,883,332
725,9%, 353
16,861,125
2.32
141.89
79.53
736
519
34.72
61.09
1895.
22,507
20,516,552
11,240.137
652,191,733
15,869,787
2.43
141.19
77.35
705
499
31.79
58.02
IV..,.
22,248
20,701,954
11,337,726
663,829, 100
16,781,139
2.53
148.01
81.06
748
506
32.07
58.55
lv.7.
21,904
26,778.543
11,156,023
628,164,721
15.581 J041
2.48
139.66
58.15
708
507
23.46
56.31
tart.
njea
0,798,685
13,029,641
873,778,643
19,971.228
2.28
153.28
87.60
874
570
38.33
67.08
1VI.
tun
23,7.58,888
13,921,719
950,776,493
21,589,369
2.27
155.08
90.87
956
616
40.01
68.29
1900.
23.326
25,201.911
15.725.012
1,088,644.023
25.394.633
2.33
161.49
100.77
1,089
674
43.12
69.23
1901.
25,199
29.288.290
17.991.560
1,247,592,567
29,142,279
2.34
161.98
99.46
1,156
771
42.60
69.34
1902.
25.444
30.240.695
20,784,174
1,542,580,801
35,290,521
2.29
169.79
116.69
1,387
817
51.01
74.22
XI
GROUPS. — Pacific States: Washington, Oregon, California, Nevada, Arizona, Idaho
and Utah :
A
* .
PASSENGER TRAFFIC.
PASSENGER EARNINGS.
J3
§L*
1
«:
asj
c
se
— • a
~8S
=—.s
1*.
«!
*S 2
c^
Av. Re-
Aver.
Av. Rec.
Aver.
0 1
.•3 £
— "~ '
.'*'
-C S.
ps E
Passengers
Passenger
Gross
ceipts
Receipts
p. Pass.
Rec. p.
X jr H.
ss c
-So
/. c
Carried.
Movement.
Amount.
p. Pass.
per
Train
Mile of
&CC
II ;
J
:= M
p. Mile.
Pass.
Mile.
RR.
£ fc^
I*6"
f||
Mi/e«.
.1/VZes.
No.
Miles.
$
Cents.
Cents.
Cents.
$
A'o.
Miles.
Miles.
1890.
7,370
10,254,095
19,695,219
617,138,716
13,641,264
2.21
69.26
133.03
1,850
2,670
60.18
36.96
18J1.
8,319
15,120,990
22,001,350
686,822,029
17,518,350
2.55
77.51
115.85
2,106
2,717
45.42
30.39
1832.
8,836
11,683,893
23,865,906
704,021,386
17,571,618
2.49
73.63
150.39
1,989
2,701
60.31
29.52
1893.
10,273
11.465,629
22,561,876
695,133,205
18,341,742
2.78
81.30
159.97
1,785
2,196
60.63
30.81
1894.
10,518
12,148,228
25,403,558
746,027,820
16,661,443 2.23
65.58
137.15
1,584
2,415
61.46
29.33
1895.
10,849
11,890,989
23,473,637
663.811,891
16,413,312
2.47
69.92
138.20
1,513
2,163
55.80
KJ8
1896.
11,086
12,494,127
23,832,074
689,369,762
14,016,384
2.03
58.81
112.18
1,264
2,150
55.18
28.93
1897.
11,927
13,555,345
25,101,796
714,213,906
14.864,379
2.08
59.08
103.66
1,246
2,110
52.69
28.38
1898.
12,194
14,282,870
26.735,130
848,519,110
16,856,701
1.93
63.05
118.02
1,382
2.192
59.41
31.74
1893.
11,964
13,297,857
27.979,752
838,592.055
17,492,129
2.09
62.52
131.54
1,462
2.339
62.31
29.97
1900.
12,585
14.833,489
30.332,094
1,026,480,011
20,770,572
2.02
68.44
141.38
1,650
2.410
69.22
33.84
1901.
12,416
15,749,305
33,236,684
1,102,622,200
22,541,508
2.04
67.82
143.12
1,816
2,677
70.01
33.17
190?
11,739
15,918,667
34,065,886
1,196,359,306
24,282,680
2.03
71.22
152.54
2,069
2,902
74.53
35.12
STATISTICS OF FREIGHT TRAFFIC FOR THIRTEEN YEARS, 1890-1902.
Statement showing the length of the road operated, freight statistics, earnings,
etc., etc., of all the railroads in the United States from 1890 to 1902, inclusive:
YEAKS.
Length of RRs.
in Operation.
Miles Run by
Freight Trains.
FREIGHT TRAFFIC.
FREIGHT EARNINGS.
a ,
0:3
S*
-°°
P-5
P l« .3
£££
<
Aver. No. of Tons
Miles per Freight
Train Mile.
Average Haul per
Ton.
Freight
Chrried.
Freight
Movement.
Gross
Amount.
A v. Re-
ceipts
p.Ton
p.Milc.
Ave.
Rec.
per
Ton.
Av Re.
p.Fre't
Train
Mile.
Av Re.
M^eof
RR.
1890...
1891
1892
1893
1894
1895
18%
1897
1898
1899
1900
1901
1902
Miles.
157,976
164.262
170,607
173,361
176,221
179,154
180,891
181,065
184,117
186,224
191,455
194.455
197,381
Miles.
482,900,422
493,541,909
523,831,458
531,340.754
475,789,885
491,410,820
497,248,296
500,326,372
542,824,509
534,391,840
513,667,388
505.468,619
Tons.
691,344,437
704,398,609
730,605,011
757,464,480
674,714,747
755,799,883
773,868,716
Miles.
79,192,985,125
81,210,154,523
84,413,197,130
90,552,087,290
82,219,900,498
88,567,770,801
93.885.853.634
c
734,821,733
754,185,910
794,526,500
808,494,668
700,477,409
743,784,451
770,424,013
780,351,930
868,924,526
922.436.314
1,052,835,811
1,126,267,652
Cents.
0.927
0.929
0.941
0.893
0.864
0.839
0.821
0.797
0.758
0.726
0.746
0.756
0.764
Cents.
106.28
107.07
108.74
106.74
103.80
97.38
99.55
98.99
95.18
94.53
98.30
103.89
100.43
Cents.
152.17
152.81
151.67
152.16
147.22
151.36
154.94
157.77
160.09
172.61
204.95
222.82
235.57
$
4,651
4,591
4.657
4,663
3,975
4,151
4,259
4,310
4,719
4,953
5.499
5,792
6,065
Tons.
4.376
4,288
4,282
4,369
3,829
4,263
4,278
4,354
4.959
5,240
5,596
5,575
6,041
Miles.
163.99
164.55
161.14
170.42
172.81
180.23
188.81
195.56
211.06
237.64
274.79
294.70
308.19
Miles.
114.55
115.29
115.53
119.55
121.86
115.96
121.32
124.22
125.50
130.04
131.80
137.41
131.38
788,385,448 97,842,569,150
912,973,833 114.566,173,191
975,789,941! 120,99 1,703, 110
1,071,431,919 141,162,109,413
1,084,066.451 148,959,303,492
508,210,140
1,192,136,510 156.624.166.024
1,197,212,452
NOTE. — The mileage of switching roads in 1897-1902 is omitted from the figures of mileage operated in
(ho.se years in above and following tables, also mileage of railroads used for passenger traffic exclusively, for
the same reasons as stated under the table of passenger traffic statistics on page ix.
STATISTICS OF FREIGHT TRAFFIC, BY GROUPS OF STATES, 1890-1902.
GROUP 1.— A>v England Slates: Maine, New Hampshire, Vermont, Massachu-
setts, Rhode Island and Connecticut:
1890...
7,011
23,741,034
41,294,970
2,865,747,971
39,337,594
1.37
95.25
165.78
5,611
5,890 120.77
69.40
1891
7,316
24,701,694
42,577.879
2,922,201,512
39,700,748
1.36
93.24
160.72
5,427
5.820 118.30
H ',i
1892
7,332
26,074,558
44,561,771
3,151,501,800
41,575,308
1.32
93.30
159.45
5.670
6.078 120.87
70.72
1893
7,139
26,984,438
45,182,595
3,320.281.8.50
41,194,428
.24
91.17
152.66
5.770
6.3291 123.04
73.49
1894
7,452
24,127,056
38,667,797
3,022.670,079
37,841,474
.25
97..X6
Ifi6.8fi
5,078 5,188! 125.281 7S.I7
1895
7,659
24,115,556
42,183,249
3,374,290,496
41.725,803
.24
98.89
173.02
.Vl.Vi ")..VN l:t!' ">! 7" '"
1896
7,745
24,399,305
44,959.252
3,090,748,399
45,090.92!)
22
100.29
184.80
."> M'J .">.v(t.'i I.M _'> V 1"
1897
7,574
23,647,747
43,921,712
3,640,996,782
43,963,134
.21
100.00 is.j.91
5,804 5,7991 153.97 82.90
1898
7,565
23,408,560
46,474,379
3,802,907,004
45,441,028
.19
97.78 I'.il.li:
(007
6,143 KB.W
H1.S3
t899
7,744
23,443.918
48,391,995
4,102,738,778
46,386,885 .14
'.I.-.M 197.87
5,990
6.249 175.00
84.78
1900
7,841
24.478,304
54,337.876
4,506,760,217
52,156,411 .16
95.98 213.06
6,652 0,930 184.10
82.94
1901
1902
7,934
7,693
21,754,515
20,355,977
52,025,838
51,269,015
4,536,282,349
4,312,247,710
52,685.934
50,912.007
1.16
1.18
101.27
99.30
242. IS
250.01
6,641
6.619
6.557 HUB
6,664 1 21 1.15
87.19
83.97
XII
2. — Middle States: New York, New Jersey, Pennsylvania, Delaware and
Maryland :
[
1890..
1891..
IVU. .
1VI3.
1894..
1895..
1898'.!
1899..
1900..
1901..
1902..
•a'-
- §
1L°
»!
FREIGHT TRAFFIC.
FREIGHT EARNINGS.
H ^
IS.
-M
3
Freight
Carried.
Freight
Movement.
Gross
Amount.
Av. Re-
ceipts,
per Ton
per
Mile.
Av. Rec.
per
Ton.
Av. Rec.
per
Freight
Train
Mile.
Av. Rec.
per
Mile of
RR.
Af.
19.314
19.694
20J413
20,772
21,890
22I3J35
22,721
24J10
24,922
25,467
Miles.
134,394,564
131,997,001
l*i.s32.;K<
i:<:.9j\7:<i)
12.5.110.691
145.432,315
149,047,118
151,589,704
161.120.709
1.55,230,999
134414172
Tons.
292,580,992
294,904,375
294.629,596
Miles.
25,686,471,509
26.358,758,047
2(1.237,179,143
$
203,904,474
206,731,337
201,198,368
Cents.
0.79
0.78
0.76
0.77
0.74
0.71
0.68
0.58
0.61
0.57
0.61
0.62
0.65
Cents.
69.69
70.09
68.29
70.08
68.57
63.19
63.75
59.41
59.33
60.88
65.03
65.32
68.49
Cents.
151.72
156.62
147.04
160.09i
153.49
146.43
147.26
139.29
141.80
160.55
214.61
243.50
251.59
$
10,557
10,497
10,122
10,817
9,255
9,729
9,609
9.370
10056
10,529
11.674
12,386
12,929
Tons.
15,149
14.977
14,823
15,430
13,483
15,397
15,072
15,771
16,947
17,296
17,951
18,348
18,822
M.
191.13
199.69
191.75
209.44
206.27
207.62
210.50
240.80
233.18
281.09
349.49
390.77
385.82
M.
87.79
89.36
V.i.0.5
91.68
92.15
89.52
93.40
102.71
97.15
106.58
105.86
108.34
105.36
315,089,597
280.077,456
337.037,563
335,920,897
3.55,400,228
385,055,821
409,314,282
443 573 134
28.887,253.286
2.5,807.922,183
30,193,788,205
31,374,153,337
30,502,496,718
37,409,191,478
220,806,201
192,043,617
212,957,545
214,165,200
211,154,149
228,475,132
43,624,668,834
46,9,50 4.50,339
249,173,084
288,463,827
308,695,171
329,331,135
126,774,999
130,906,441
457,257,212
479,346,920
49,539,289,785
50,505,708,302
GROUP 3. — Central Northern States: Ohio, Michigan, Indiana, Illinois and Wisconsin:
1890..
50.936
165,501,935
204,659,671
27,891,074,351
221,857,561
0.81
108.40
134.05
4,356
4,018
168.52
136.28
1891..
51,426
168,769,772:204,432,37827,567,895,061222,837,762
0.79
109.00
132.04
4,333
3,975 163.35
134.85
1892..
53.163
188,001,230
225,591,493 29,770,313,508 249,122,598
0.81
110.43
132.51
4,686
4,243 158.35
131.96
1893..
53.573
187,995,717
226,119,750:30,55.5,874,620244,269,835
0.83
108.03
129.93
4,560
4,202 162.53
13.5.13
1894..
54.266
164,396,192
199,697,96427,411,352,304208,002,892
0.80
104.16
126.53
3,833
3,680 100.74
137.26
1895..
53,733
156,364,371 215,734,762 28,714,735,510 214,422,454
0.76
98.40
137.13
3,990
4.015 183.64
133.10
18%..
55,214
159.662,124 221,646,928130,127,929,090 228,15-1,303
0.74
102.94
142.90
4,132
4,014
188.70
135.93
1897..
53,899
1.5.5,340,134
224.298,857 30,355,449,324 221,321,044
0.76
98.67
142.48
4,106
4,161
195.411 135.33
1898..
1899..
55,805
56,388
172.633,408
177,200,546
265,812.805 3-5,924,181,411
290,253.294 1 40, 1 39,790,005
252,243,521
272,515,230
0.73
0.70
94.87
93.87
146.17
153.79
4,520
4,833
4,763
5,147
213.89
226.52
135.15
138.27
1900..
58,087
171,139,373
320,631,700
44,160,931,750 306,045.487
0.69
95.45
178.83
5,269
5,520
2.58.04
137.73
1901..
57,014
166,959,714
312,392,771
45,992,424,1231315.490.927
0.69
100.99
188.96
5,534
6,579 275.47
147.23
1902..
58,090
165,470,170
376,171,703
49,442,596,851
337,559,822
0.68
89.74
204.00
5,811
6,476
298.80
131.43
GROUP 4. — South Atlantic States: Virginia, West Virginia, North Carolina, South
Carolina, Georgia and Florida:
1890..
14,555
27,412,441
35.185,795
3,921,778,147
40,563,011
1.03
115.22
147.97
2,787
2,417
143.07
111.46
1891..
16,648
28,243,442
37,119,057
4,597.099,189
42,829,544
0.97
115.38
151.64
2,573
2,230
155.69
118.46
1892..
17,612
28,565,463
38,232,507
4,701,598,130
43,697,868
0.93
114.30
152.97
2,481
2,171
164.59
122.97
1893..
18,171
31,148,462
43,313,634
5,389,055,229
46,286.082
0.86
106.86
148.60
2,547
2,384
173.01
124.42
1894..
18,069
31,710,925
43,174,794
5,518,433,335
44,572,577
0.80
103.24
140.56
2,467
2,389
174.02
130.13
1895..
20,443
37.056,592
45,800,646
6,216,071,981
49,054,174
0.79
107.10
132.37
2,400
2,240
167.74
13.5.72
1896..
20,849
35,519,648
48,476,089
6,871,752,640
51,607,677
0.76
106.46
145.30
2,475
2,325
193.46
141.76
1897..
21,414
33.476,636
48,550,606
6,879,857,138
52,602,696
0.76
108.35
157.13
2,456
2,267
205.51
141.70
1898..
21,971
38,083.328
57,432,009
8,680,102,959
60,562,519
0.70
10.5.45
159.03
2,757
2,614
227.92
151.13
1899..
22,519
38.215,864
65,473,790
9,187,215,950
62,912,488
0.68
96.09
164.61
2,794
2,907
240.38
140.33
1900..
22,625
40.350.371
65.547,112
10,598.796.262
72,835,552
0.69
111.14
180.51
3,219
2,897
262.67
161.69
1901..
23.517
42.670,132
66.032,636
11,244,836,128
81.875,392
0.73
123.99
191.88
3,482
2,808
263.52
170.29
1902..
24,382
42,584,060
73,230,337
11,860,536,181
80,743,513
0.68
110.21
189.61
3,311
3,003
278.52
161.96
GROUP 5. — Gulf and Mississippi Valley States:
Tennessee and Louisiana:
Alabama, Mississippi, Kentucky,
1890..
9,569
24.267.858
36.780.161
3.618.298.877
37,505,906
1.04
101.97
154.55
3,920
3.844
149.98
98.38
1891..
10,731
27.003.127
41,127.498
4,016,50'.).%:}
40.519.642
1.01
98.52
150.06
3,776
3,833
148.74
97.66
1892..
11,410
27.715.121
35.145,153
4.308.470.432
41.821,081
1.19
95.33
150.90
3,665
3,080
155.46
122.59
1893..
11.134
26.394.614
32.860,223
4,135.3*1.614
40.137.972
0.97
122.15
152.07
3,005
2,951
156.67
125.85
1894..
11.667
24.319,273
29.007,647
3.970.031). Us
3.5,671.107
0.90
122.97
146.68
3,057
2,486
165.25
103.86
1895..
10.32!)
21,686,225
36,779,198
3.679.00S.OOO
32.794.960
0.89
122.46
151.44
3,175
2,592
169.92
137.37
1886
10.2*1
22,907.766
30.004,706! 4.023.784,522
34.184.285
0.86
115.60
1.51.41
3,388
2,931
17.5.6.5
13-4.11
1897..
9,9X8
23,590.609
:«>.7'il. 2.51 4.181.9.53.021
35,4!K>,124
0.85
115.40
1.50.48
3,572
3,095
177.27
I3.5.K5
1898..
9.648
23,374.3-59
32.69S.730 4,514.509.458
36.857,186
0.81
112.71
157.68
3.820
3,389
193.13
138.06
ivn
9.428
24.332.310 33.734,596 4.813.299.663
38,301,664
0.80
113.73
157.66
4.069
3,578
197.83
142.70
!'*•>
UM
26.197.502 40.391.899
5,709.612.838
47.348.395
0.83
117.22
180.74
4,884
4,167
217.94
141.35
1901..
10.483
27.633.818 42,699,014
6.048.232.592
49,461,700
0.82
115.92
178.99
4,718
4,070
218.87
141.75
1902..
10,214
26,542,197
44,578,120
6,095,752,106
54,028,287
0.89
121.19
203.18
5,289
4,364
229.62
136.74
Xlll
GROUP 6. — Southwestern States: Missouri, Arkansas, Texas, Kansas, Colorado, New
Mexico and Indian Country :
YEARS.
3d
en. 3.
•32
^
Jj
Miles Run by
Freight Trains.
FREIGHT TRAFFIC.
Gross
Amount.
FREIGHT EARNINGS.
Average No. of
Tons per Mile
of Railroad.
Av. No. of Tons
Miles p. Freight
Train Mile
J«
ft
•5
Freight
Carried.
Freight
Movement.
Av. Re-
ceipts
per Ton
per
Mile.
Av. Rec.
J?*r
Ton.
Av. Rec.
per
Freight
Train
Mile.
Av. Rec.
per
Mile of
RR.
1890..
1891..
1892. .
1893. .
1894..
1895. .
18%..
1897..
1898..
1899..
1900..
1901..
1902..
Miles.
28.356
29.828
30.313
30,777
30,591
31,744
31.046
31,760
31.362
31,934
32,550
32,952
34.296
Miles.
50,663,806
55,380.187
5S.OSti,79!)
61,515,240
55,539.171
56,238,816
54,873.333
61,209,372
66,635.995
62,287,752
61.248,175
62,486,220
61,732.276
Tons.
38,272,891
39,127,235
42,870,203
45,210,460
40,448,861
Miles.
6,746,133,009
6,989,199.835
6,582,922,431
8,317,784,934
7.480,699,078
$
91,178,601
94,033.099
102,420,148
102,971,532
85,703,401
90,416,124
86,919,606
97,968,033
109,651,719
111,027,586
124,627,518
143,499,571
Cents.
1.35
1.35
1.56
1.24
1.15
1.24
1.15
1.05
1.02
1.02
1.00
1.01
1.00
Cents.
238.23
240.33
238.91
227.76
211.88
207.11
215.32
197.71
196.11
196.68
197.77
201.99
199.17
Cents.
179.97
169.80
176.32
167.39
154.31
160.77
158.40
liiO.oi;
164.57
178.24
203.47
229.al>
246.67
$
3,216
3,153
3,379
3,346
2,802
2,848
2,800
3,084
3,496
3,477
3,829
4,355
4,440
Tons.
1,385
1,312
1,414
1,469
1,322
1,375
1.300
1,591
1,783
1,768
1,936
2,156
2,229
M.
133.15
126.20
113.33
135.22
134.69
129.54
138.10
152.86
161.28
174.16
202.69
227.18
246.07
M.
176.26
178.64
1.53.55
18&98
184.94
166.88
187.72
188.82
192.21
192.17
197.01
199.82
198.82
43,655,714
40,367,463
49,552,336
55,913,895
56,451,679
63,015,069
71,043,379
7,285,185,949
7,577.986,274
9,356,242,003
10,746,801.693
10,848,240,128
12,414.921,574
14,195,798,907
76.457,077
15,190,562,094
152,281,680
GROUP 7. — Northwestern States: Iowa, Minnesota, Nebraska, North Dakota, South
Dakota Wyoming and Montana:
1890..
1891..
1892..
1893..
1894..
1895..
1896..
1897..
1900..
1901..
1902..
20,859
20,299
22.064
21,882
22,885
22.507
22,428
21.995
22,852
22,590
23,370
25,210
25.503
42.248335
42.036.978
43,847,056
44.128,277
33.741,216
33,646,854
34,964,923
33.766.216
36,560,557
35,604,276
36,861,309
36,829,716
41,196.891
31,632.004
33,155,532
37,593.938
37,148,942
30,508,547
32,918,571
38,816,203
39,921,519
50,701,003
53,096,491
61,411,037
62,328,678
6,368,549,651
6,748,708,493
7,422,096,785
7,439,931,122
6,105,115,988
6,306,714,622
7,237.982,906
7,252.595,347
9,099,570,416
9,679,319,929
11,193.594.012
12,036,()!W.J()2
70.235.985! 14,081.777,346
67,745,469
72,155,107
79,905,271
76,208,054
62,894,211
65,760,741
74,548,090
71,958.718
88,663,841
94,867,258
106.673,340
113,926,005
133,216,276
1.06
1.07
1.08
1.02
1.03
1.04
1.03
0.99
0.97
0.98
0.95
0.95
0.95
214.17
217.63
212.55
205.14
203.15
193.83
194.63
180.25
174.87
178.66
173.72
182.78
189.69
160.35
171.65
182.24
172.70
186.40
195.43
213.21
213.11
242.51
274.90
289.39
309.33
323.36
3.248
3,555
3,622
3.483
2,748
2,922
3,324
3,272
3,879
4,200
4,569
4,519
5.224
1,516
1,633
1,704
1,698
1,333
1,462
1,730
1,815
2,262
2,350
2,628
2,472
2.754
150.69
160.54
179.27
168.82
180.94
187.44
207.01
214.79
248.89
271.86
303.66
326.82
341.81
201.33
203.55
197.43
200.54
200.11
199.77
186.73
181.67
179.47
182.29
182.27
193.12
200.49
GROUP 8. — Pacific States: California, Oregon, Washington, Nevada, Arizona, Utah
and Idaho:
1890..
7,376
14,670,448
10.937.953
2,094,931,600
32.72'.), 117
1.56
299.23
2J3.0!)
4,437
1,483
142.79
191.53
1891..
1892..
1893..
1894..
1895..
8,319
8,836
10,273
10,518
10,849
15,469.768
14,708,848
15,245,276
16,839,361
16,901.091
11,894,655
11,980,350
12,539,279
13,131,681
11,690,185
2,209,722,423
2,239,114,900
2,496,569,629
2,903,677,383
2,797,375,432
35,378,671
34,785,858
36,620,564
33,748,130
36,652,650
1.60
1.55
1.47
1.16
1.31
297.43
290.36
292.05
257.00
313.53
529.59
236.50
240.21
200.41
216.86
4,253
3,937
3,565
3,209
3,378
1,430
1,356
1,220
1,248
1,078
143.40
152.23
163.76
173.03
165.51
185.77
186.90
199.10
221.12
•2:v.-«)
1896..
1897..
1898..
11,086
11,950
12,193
15,894,079
17,706,304
21.007,593
13,677,178
15,421,020
18,885,191
2,981,516,464
3,307,657,992
4,388,848,772
35,253,923
39,017,906
47,029,580
1.18
1.18
1.07
257.80
253.02
249.03
221.81
220.36
223.87
3,180
3,265
3,857
1,234
1,290
1,549
187.60
186.81
208.91
217.99
214.49
237.69
1899..
1900..
1901..
1902..
11,954
12,576
12,423
11,737
18,076,181
18,978,182
20,359.505
19.422.128
19,073.814
22,524,092
20,316 923
20,847.353
4,596,429,823
5,621,042,421
5,365,747,406
5.131,195,797
47,192,119
54,685,281
60,632,952
59.139,672
1.03
0.97
1.11
1.15
247.41
243.67
298.44
283.68
261.06
288.14
297.81
304.55
3,948
4,348
4.881
5,039
1.596
1,791
1,635
1,862
254.2S
296.0S
263.55
264.19
IMO.ilS
249.55
264.10
246.13
GROSS AND NET EARNINGS, INTEREST, AND DIVIDENDS FOR THIRTEEN YEARS, 1890-1902.
Statement showing gross and net earnings, available revenue, interest and dividend
payments, etc., of all the steam surface railroads in the United States, from 1890 to
1902, inclusive:
PAYMENTS FROM
EARNINGS PER
PV
f nt'est
Divi-
§
Gross
•VT .
Total
AVAILABLE REVENUE.
MILE OF RR.
JJA-
penses
paid —
dends
;
Earnings.
iNet
Earnings.
Available
Revenue.
Tnt.onBds.
Dividends.
Gross.
Net.
to
Earn-
ings.
on tot.
Bond-
ed D't.
on tot.
share
Cap'al.
*
$
$
$
$
$
$
p.c.
p.c.
p.c.
1890 .
1,086,039,735
342,071,296
449,712,756
224,499,571
83,575,705
6,875
2,166
68.50
4.44
1.82
1891 .
,125,381,994
350,748,483
451,947,193
228,572,703
89,099,757
6,851
2,135
r.s.x:;
4.41
1.87
1892 .
,169,036,840
352,817,405
467,246, 357
229,909,292
93,862,412
6,852
2,068
69.82
4.25
1.93
1893 .
1894 .
,207,106,026
,066,943,358
358,648.9181469,815,755
317,757,399 413,916,233
237,677,728
234,702,912
94,29.r),S15
83,478,609
6.963
6,054
2,069
1,803
70.29
70.22
4.31
4.19
1.88
1.66
1895 .
,092,395,437
323,196,454
436,964,529
239.698.134
SI. 0X5,774
6,097
1,804
70.41
4.24
1.58
1896 .
,125,632,025
332,766,979
437,701,890 243,2X7,730
81,528,154
1,840
70.43
4.45
1.52
1897 .
,132,866,626
.•542,792,030
440,423.354234,454,578
s:;,oso,()40
6,228
1,884
69.74
4.24
1.49
1898 .
,249,558,724
389,666,474
494,203,378237,133,098
94,937,526
6,771
2,111
68.16
4.21
1.70
1899 .
,336,096,379
423,941,689
479,561,094 239,178,913
109,032,252
7,161
2,272
68.27
4.24
1.90
1900 .
.501,695,378
483,247,526
551,020,460
244,447.806
140,343,653
7,826
2,519
68.93
4.24
2.42
1901 .
,612,448,826
.520,294,727
588,663,541
254,318,380
156.887,283
8,270
2.668
67.73
4.21
2.62
1902 .
,720.814,900
560,026,277
635,269,592 263,237,451
178.2(10.752
8.696
2.830
67.45
4.09
2.93
XIV
GROSS AND NET EARNINGS, INTEREST AND DIVIDEND PAYMENTS, ETC., ETC., BY GROUPS
OF STATES, 1890-1902:
CKOUP 1. — New England States: Maine, New Hampshire, Vermont, Massachu-
setts, Kliodt Lsland and Connecticut:
PAYMENTS FHOM AVAIL-
EARNINGS PER
P-v
i ,it
Divi-
J
ABLE REVENUE.
MILE or RR.
J1.X-
inc.
dends
•
XJ_A
1 otal
paid —
E
rod
wet
to
on tot
H
r"
Earnings.
Earnings.
. \ \ :i 1 1:1 1 >K'
Revenue.
Int. on Bds.
Dividends.
Gross.
Net.
Earn-
ings.
B'nd'd
Debt.
on tot.
Share
Cap'l.
s
$
$
I
$
$
1
p. c.
p. c.
p. c.
1890...
77,758.298
22,111,742
31,019,732
8,287,463
11,104,645
11,132
3,166
71.56
4.99
4.70
1891...
79,564,133
21,698,202
28,068,59:s
8,308,965
11,542,985
10,875
2,966
72.7:-!
4.93
4.77
1V.IU ...
83,434,898
22,721,232
29,886,440
8,750,02:;
12,547,926
11,379
3,099
72.77
5.25
4.87
1803..
82,108,460
20,694,289
28,825,738
8,305,101
12,331,830
11,501
2,900
74.80
5.11
4.59
78,578,486
20,310,989
30,230,559
9,064,621
13,860,609
10,545
2,726
74.15
5.32
4.92
1806.!!
82,945,401
21,929,311
32,392,645
9,166,008
13,990,999
10,829
2,863
73.56
5.17
4.87
I.V.Hi
88,607,972
22,063,587
33,976,414
8,004,877
14,100,861
11,441
2,849
75.10
4.78
4.62
1807..
84,900,841
21,418,192
32,456,242
8,932,758
14,564,623
11,168
2,817
74.77
4.48
5.04
1808..
86,409,860
21,883,637
32,696,827
8,936,240
14,690,131
11,385
2,883
74.67
4.33
5.13
1800...
88,721,892
22,892,407
24,604,079
8,781,411
14,243,384
11,420
3,167
74.17
4.25
4.71
1900...
97.618,635
24,341,824
26.072,713
9,608,943
14,481,285
12,490
3,094
75.07
4.63
4.94
1901...
97,971,146
24,053,193
26,419,923
9,783,584
14,894,428
12,308
3,022
75.45
4.33
5.12
1902...
94,231,002
21,954,794
23,734,806
10,145,659
15,243,843
12,209
2,845
76.70
4.39
5.22
GROUP 2. — Middle
Maryland :
States: New York, New Jersey, Pennsylvania, Delaware and
1890...
295,028,394
96,094,404
141,602,259
62,254,443
30,456,989
15,275
4.975
67.43
5.28
2.59
1891...
297,366,910
97,619,698
139,159,652
59,743,087
32,451,974
15,099
4,957
67.92
5.21
2.87
1892...
290,551,581
91,682,500
147,527,902
53,390,512
35,361,689
14,618
4,613
68.45
4.27
3.02
1893...
317,827,375
104,196,397
157,305,657
58,169,109
34,167,593
15,570
5,105
67.21
4.53
2.86
1894...
283,244,831
89,588,533
141,053,467
58,386,355
31,817,369
13,636
4,313
68.37
4.51
2.62
1895..
302,932,913
97,737,311
148,020,443
58,827,533
31,298,734
13,889
4,465
67.77
4.50
2.56
1896..
303,985,266
91,717,893
143,478,485
59,284,257
30,565,300
13,639
4,115
69.83
4.44
2.36
1897..
309,315,400
96,486,180
147,824,681
59,355,391
30,161,895
13,676
4,354
68.81
4.49
2.14
1898..
326,328,474
103,791,068
157,565,146
61,389,781
30,177,410
14,305
4,550
68.19
4.19
2.09
1899..
353.422,317
109,968,889
136,774,444
63,823,928
31,321,990
14,888
4,748
68.88
4.35
2.13
1900..
400,234,942
127,718,241
159,202,772
64,336,137
38,963,656
16,147
5,152
68.10
4.27
2.52
1901..
433,473,417
144,669,574
175,814,097
68,597,017
43,241,270
17,326
5,782
66.70
4.22
2.65
1902..
467,981,226
149.232,103
183,938,895
69,864,602
50,245,727
18,316
5,839
68.11
4.07
3.02
GROUP 3. — Central Northern States: Ohio, Michigan, Indiana, Illinois and Wisconsin:
1890...
319,191,098
97,054,501
114,395,332
59,390,572
26,966,201
6,267
1,905
69.59
4.42
2.26
1891...
329,075,649
100,844,470
110,358,107
60,322,414
26,706,279
6,399
1,961
69.36
4.39
2.24
1892...
358,591,952
102,264,457
115,611,426
62,528,972
29,248,857
6,745
1,924
71.48
4.43
2.45
1893...
367,560,006
104,627,283
118,290,990
66,138,582
31,382,555
6,861
1,958
71.65
4.48
2.54
1894...
320,059,579
93,023,365
109,091,000
65,544,675
29,128,780
5,898
1,714
71.00
4.32
2.32
1895...
313,050,555
91,352,512
107,435,854
66,231,194
27,177,231
5,826
1,737
70.89
4.34
2.15
1896...
331,218,672
99,727,589
113,093,576
67,021,826
26,989,483
5,999
1,806
69.89
4.73
2.22
1897...
321,315,638
98,610,058
111,858,432
64,665,093
26,982,854
5,900
1,811
69.31
4.52
2.21
1898...
358,902,464
109,517,286
122,789,447
64,773,531
30,498,102
6,408
1,955
69.49
4.53
2.52
1899...
392,319,231
122,728,568
131,418,147
63,979,919
34,584,480
6,935
2,169
68.72
4.50
2.77
MMH)...
436,896.713
133,061,054
143,124,432
63,774,993
39,099,917
7,628
2,323
69.51
4.41
3.18
1901...
453.121,327
133,217,475
145,751,450
63,721,489
43,877,631
7.913
2,325
70.62
4.32
3.31
1902...
486,046,341
146,197,513
159,768,161
65,428,034
47,447,825
8,336
2,507
69.92
4.41
3.53
GROUP 4. — South Atlantic States: Virginia, West Virginia, North Carolina, South
Carolina, Georgia and Florida:
1890...
60.887,375
18,124,613
21,232,082
11,783,685
3,359,552
4,183
1,245
70.23
3.50
0.91
Is'.M..
66,238,692
19,596,053
24,672,728
15,077,290
4,216,580
3,979
1,177
70.51
4.31
1.13
1892...
66,642,603
19,399,385
24,852,430
14,576,950
4,013,511
3,784
1,101
70.89
3.82
1.06
1893...
70,251,053
17,151,190
21,340,830
14,083,041
2,671,925
3,866
944
75.59
3.57
0.69
1804..
65,924,149
17,360,653
19,436,146
12,662,121
1,615,090
3,648
961
73.67
3.19
0.43
1895...
71.682,45')
18,657,309
22,732.447
15,672,161
2,225,98*
3,506
91:5
73.97
3.61
0.48
1808.
75,258,454
20,351,047
23,984,416
17,589,379
2,388,587
3,610
976
72.96
3.98
0.47
1897...
75,721,513
21,644,173
25,779,181
17,640,579
2,579.0:55
3,534
1,010
71.42
4.11
0.48
ls!ts
86,305,086
25,666,591
29,453,269
18,548.36:5
:i.067,710
3,925
1,167
71.56
4.28
0.57
]X9<).
92,114,604
28,610,081
30,635.649
18,960,885
4,436,116
4,087
1,269
68.94
4.32
0.84
1900...
104,726,088
33.214,487
:;.5,4i8.o6i
18,415,498
5,416,211
4,625
1,466
68.28
4.21
0.96
1901...
117,061,838
36,755.997
38,740,071
20,540,172
7,984,968
4,972
1,561
68.61
4.15
1.32
1902...
118,620,581
41,417,362
43,831,197
22,126,699
9,999,667
4,860
1,698
65.08
4.39
1.67
GROUP 5. — Gulf and Mississippi Valley States: Alabama, Mississippi, Tennessee.
Kentucky and Louisiana:
PAYMENTS FROM AVAIL-
EARNINGS PER
Divi-
S'
ABLE REVENUE.
MILE OP RR.
Ex-
Int.
dends
Gross
Net
Total
penses
Paid —
Paid
H
Earnings.
Earnings.
Available
to
on tot
on tot
>H
Revenue.
Interest on
Dividends.
Gross.
Net.
Earn-
B'nd'd
Share
jioncis.
ings.
Debt.
Cap'l.
1890...
$
54,572,123
$
19,008,139
$
20,773,764
$
14,119,817
$
3,255,818
*
5,703
$
1,986
p. c.
65.17
p. c.
4.40
p. c.
1.23
1891...
59,917,974
19,078,904
22,730,694
13,271,444
3,128,346
5,583
1,777
68.16
3.81
1.02
1892...
60,472,997
17,101,843
19,593,427
13,473,058
3,407,635
5,300
1,499
71.73
3.64
1 10
1893...
59,498,433
17,487,262
19,700,970
12,455,525
2,928,225
5,343
1,570
70.61
3.35
0.94
1894...
53,125,6.54
16,856,083
17,680,492
12,757,292
530,734
4,284
1,359
68.27
3.52
0.18
1895...
47,359,777
14,268,209
16,359,674
10,818,578
710,549
4,585
1,381
69.87
3.13
0.27
1896...
50,388,895
14,957,308
16,649,047
11,496,909
902,270
4,922
1,461
70.32
3 57
0.37
1897...
50,884,638
15,146,349
16,921,667
11,740,256
1,002,420
5,106
1,520
70.23
3.77
040
1898...
53,222,271
15,738,535
17,937,493
10,548,433
1,175,900
5,501
1,626
70.43
3.35
0.54
1899...
55,689,116
16,553,085
18,076,759
10,393,250
2,751,787
5,898
1,753
70.28
3.35
1.27
1900...
65,312,146
19,602,094
20,774,017
10,767,028
3,065,206
6,085
1,826
69.99
3.53
1.51
1901...
69,678,043
21,098,499
22,207,144
10,709,645
3,644,633
6,617
2,003
69.73
3.94
1.83
1902...
72,431,590
20,444,406
21,768,632
11,313,578
3,714,012
7,056
1,992
71.77
4.41
1.93
GROUP 6. — Southwestern States: Missouri, Arkansas, Texas, Kansas, Colorado and
New Mexico:
1890...
129,375,410
37,501,484
47,480,330
28,275,127
3,740,921
4,562
1,322
71.01
3.12
0.49
1891...
134,617,308
33,711,123
43,470,906
31,109,272
3,225,451
4,513
1,130
74.95
3.40
0.40
1892...
143,229,009
39,491,532
45,205,149
35,789,611
1,357,571
4,725
1,303
72.43
3.85
0.17
1893...
145,405,895
38,351,386
46,359,114
34,946,024
2,457,134
4,725
1,246
73.62
3.72
0.30
1894...
124,257,626
31,915,790
36,407,390
35,039,364
1,167,331
4.062
1,043
74.31
3.75
0.13
1895...
128,602,824
30,750,464
37,943,296
37,005,002
993,518
4,051
969
76.08
3.97
0.12
1896...
123,333,067
29,917,781
33,022,745
33,419,554
779,088
3,973
963
75.74
3.85
0.08
1897...
136,848,597
35,981,598
40,409,441
30,143,800
1,926,216
4,301
1,131
73.71
3.36
0.20
1898...
152,100,459
42,257,757
47,016,903
32,174,866
3,323,975
4,856
1,346
72.22
3.78
0.36
1899...
155,039,381
45,252,964
49,423,582
32,750,351
4,192,038
4,851
1,416
70.82
3.72
0.45
1900...
174,172,332
55,556,654
60,707,173
34,808,673
9,105,979
5,344
1,704
68.11
3.90
0.98
1901...
200,120,295
66,783,062
73,295,901
34,565,764
16,825,388
6,061
2,024
66.61
3.80
1.79
1902...
213,903,471
71,379,060
79,293,272
37,419,771
17,950,491
6,228
2,078
66.63
3.69
1.80
GROUP 7. — Northwestern States: Iowa, Minnesota, Nebraska, North Dakota, South
Dakota, Wyoming and Montana:
1890...
95,693,634
33,105,599
44,718,950
25,509,195
3,009,706
4,587
1,587
65.40
4.57
0.75
1891...
101,151,665
36,596,751
51,397,047
27,626,256
4,569,737
4,983
1,803
63.82
4.47
1.07
1892...
109,577,386
40,084,125
56,133,610
28,694,253
4,600,188
4,966
1,817
63.42
4.59
1.06
1898...
105,100,545
35,755,226
51,617,904
29,474,197
4,519,942
4,803
1,634
65.98
4.70
0.95
1894...
86,577,672
30,803,971
38,328,332
27,207,724
5,318,756
3,783
1,346
64.42
4.23
1.11
1895...
88,015,556
29,546,496
41,656,110
29,989,920
5,199,112
3,911
1,313
66.43
4.73
1.08
1896...
96,263,277
36,183,840
47,608,985
29,413,890
5,765,539
4.292
1,613
62.41
4.67
1.17
1897...
94,768,008
33,259,773
42,491,178
27,169,819
6,057,997
4,304
1,510
64.90
4.18
1.09
1898...
116,511,484
44,830,266
58,462,721
25,594,646
10,714,520
5,095
1,960
61.53
4.00
1.73
1899...
124,727,925
52,669,419
61,212,201
25,710,185
16,618,747
5,519
2,330
57.78
4.06
2.38
1900...
140,899,320
60,395,738
72,717,383
25,700,066
28,265,158
6,027
2,583
57.14
4.13
4.15
1901...
152,943,017
62,778,694
72,198,358
28,094,910
27,752,054
6.057
2,486
58.96
3.82
4.23
1902...
179,208,811
79,373,928
89,147,615
30,408,970
33,240,500
7,016
3,107
55.71
3.15
4.93
GROUPS. — Pacific States: Washington, Oregon, California, Nevada, Arizona, Utah
and Idaho:
1890...
53,533,403
19,070,814
28,490,307
14,879,269
1,678,877
7,258
2,586
64.37
5.99
1.04
1891...
57,449,66H
21,603,282
32,089,466
13,113,975
3,258,405
6,906
2,597
62.40
5.02
1.01
1892...
56,536,414
20,072,331
28,435,933
12,705,913
3,325,035
6,398
2,272
64.50
4.69
1.05
1893...
59,354,309
20,385,885
26,374,552
14,106,149
3,836,611
5,778
1,984
65.65
5.51
1.16
1894...
55,175,361
17,898.015
21,688,847
14,040,760
40,000
5,246
1,702
67.57
4.94
0.01
1895...
57,805,956
18,954,842
30,424,060
11,987,738
89,643
5,507
1,806
67.45
4.18
0.03
1896...
56,575,922
17,847,934
25,888,222
17,057,038
97,026
5,103
1,610
68.45
6.09
0.01
1897...
59,111,991
20,245,707
22,682,522
14,806,882
405,000
4,942
1,693
65.75
5.00
0.11
1898...
69,778,626
25,981,334
28,281,572
15,167,239
1,289,778
r>.7i i
2,127
62.77
5.17
0.37
1899...
74,061,913
25,266,276
27,416,23.3
14,772,984
883,710
6,185
2,110
65.89
5.03
0.24
1900...
81,835,202
29,357,434
33,003,009
1 7.036,468
1,946,241
6,497
2,331
64.13
4.97
n '..'
1901...
88,079,743
30,938,233
34.236,597
18,305,799
666,911
7,084
2,488
64.88
5.69
0.19
1902...
88,391,887
30,027,111
33,787,014
16,530,138
431,687
7,525
2,556
66.03
5.66
0.13
xvi
Statement showing miles of railroad, capital stock, bonded debt, bonded debt per
milt-, and cost of all steam railroads in the United States from 1880 to 1902:
TOTAL STOCK, BONUS AND
UNFUNDED DEBT, REPRE-
CAPITAL, STOCK.
BONDED DEBT.
SENTING APPROXIMATELY
Milee of
COST OF ROAD AND LQUIP-
Yh Mi.
Railroad.
MENT.
Total.
Per Mile.
Total.
Per Mile.
Total.
Per Mile.
ISM p.
MiUs.
92,147
$
2,708,673,375
$
29,395
2,530,874,943
$
27,466
$
5,402,038,257
S
58,624
1881.
103,530
3,177,375,179
30,690
2,878,423,606
27,803
6,278,565.052
60,645
1882.
114.428
3,478,914,224
30,403
3,214,084,323
28,088
6,960,649,277
60,830
1883.
120,519
3,675,793,383
30,500
3,479,411,914
28,870
7,423,040,203
61,592
1884.
120,119
3,726,655,041
29,785
3,647,312,772
29,151
7,617,986,410
60,886
1885.
127.689
3,778,609,737
29,592
3,740,255,066
29,292
7,775,858,194
60,897
1886.
133,565
3,956,377,408
29,621
3,853,748,330
28,853
8,089,268,441
60,564
1887.
147,953
4,146,968,214
28,029
4,155,628,116
28,087
8,595,041,451
58,093
1888.
154,222
4,392,287,224
28,480
4,585,471,523
29,733
9,281,914,605
60,185
1889.
159,934
4,447,103,600
27,806
4,784,173,271
29,913
9,576,939,854
59,881
1890.
163,359
4,590,471,560
28,101
5,055,225,025
30,945
10,020,925,215
61,343
1891.
167,846
4,751,750,498
28,310
5,178,821,989
30,855
10,275,675,119
61,221
1892.
171,805
4,863,119,073
28,306
5,405,049,969
31,460
10,553,624,329
61,428
1893.
175,442
5.021,576,551
L's,r>i>2
5,510,225,528
31,408
10,941,711,122
62,367
1894.
178,054
5,027,604,717
28,236
5,605,775,764
31,484
11,016,308,315
61,871
1895.
179,821
5,181,373,599
28,814
5,648,659,436
31,413
11,248,569,658
62,554
1896.
181,394
5,373,187,619
29,621
5,461,856,798
30,110
11,179,544,386
61,631
1897.
183,547
5,602,964,449
30,526
5,534,432.492
30,153
11,518,066,646
62,753
1898.
184,894
5,581,522,858
30,188
5,635,363,594
30,479
11,585,069,036
62,658
1899.
187,781
5,742,181,181
30,579
5,644,858,027
30,061
11,692,817,066
62,208
1900.
192,162
5,804,346,250
30,205
5,758,592,754
29,967
11,891,902,339
61,884
1901.
195,887
5,978,796,249
30,521
6,035,469,741
30,811
12,326,491,526
62,926
1902.
199,685
6,078,290,596
30,439
6,465,290,839
32,377
12,853,927,302
64,371
RAILROAD CAPITALIZATION
A suggestive comparison of freight an
and bonds during the past twenty years, is
Per Ton I
Interest, Dividends, per Mile,
Average Average Average
Rate. Rate. Rate.
p. c. p. c. Cents.
1883 4.94 2.76 1.224
* AND RETURN THEREON.
d passenger rates, and the return on stocks
brought forth in the following table
*er Passenger Earnings per Mile of RR.
per Mile, in Operation. Percentage
Rate. Gross. Net. to Earnings.
Cents. $ $
2.422 7,405 2,679 63.82
2.356 6,663 2,318 65.22
2.199 6,209 2,163 65.17
2.194 6,570 2,376 63.83
2.276 6,799 2,418 64.44
2.246 6,540 2,045 68.72
2.169 6,446 2,066 67.95'
2.174 6,875 2,166 68.50
2.184 6,851 2,135 68.83
2.168 6,852 2,068 69.82
2.072 6,963 2,069 70.29
2.025 6,054 1,803 70.22
2.069 6,097 1,804 70.41
2.032 6,223 1,840 70.43
2.029 6,228 1,884 69.74
1.994 6,771 2.111 68.16
2.002 7,161 2,272 68.27
2.031 7,826 2,519 68.93
2.028 8,270 2,668 67.73
2.012 8,696 2,830 67.45
Iroad corporations of the United States a
ve, of their mileage owned, average interest
Number Miles Average Average
of RR. RR. Interest Dividends
YEARS. Systems. Owned, on Bonds, on Stock.
No. Miles. p. c. p. c.
1896 61 85871 4.69 1.62
1884 4.82 2.50 1.124
1885 4.97 2.00 1.057
1886 4.86 2.02 1 042
1887 4.86 2.17 1.034
1888 4.48 1.80 0.977
1889 4.53 1.79 0 970
1890 4.44 1.82 0927
1891 . . . 4.41 1 87 0 929
1892 4.25 1.93 0 941
1893 4.31 1.88 0 893
1894 4.19 166 0864
1895 4.24 1.58 0 sno
1896 4.45 1 52 0 821
1897 4.24 1.49 0797
1898 4.21 1.68 0758
1899 4.24 1 90 0 726
1900 4.24 2 42 0 746
1901 4.21 2.62 0 756
1902 4.07 2 93 0 764
Statement showing for the leading ra
summary for the years 1890 to 1900, inclusi
on bonds and average dividends on stock:
Number Miles Average Average
of RR. RR. Interest Dividends
YEARS. Systems. Owned, on Bonds, on Stock.
No. Miles. p. c. p. c.
1890 65 70,574 4.66 2.13
1891 65 73,627 4.72 2 29
1897 61 86129 468 1.69
1892 65 77,593 4.83 227
1898 61 89 566 4 49 1.86
1893 64 80,301 471 239
1899 60 90 084 4 54 2 27
1894 62 81,101 4.70 2 06
1900 60 94'l28 4 38 2.89
1895 61 85.189 4.52 184
Railroad Map of Maine, New Hampshire and Vermont.
Poor's Manual— Railroad Map of the United States, 1903.
73° Longitude
Wttt 71° from
MAINE, NEW HAMPSHIRE AND VERMONT.
Railroad Map of Maine, New Hampshire and Vermont.
H. W. POOR & CO.,
BANKERS,
NEW YORK. BOSTON.
Orders Executed fop all Securities Dealt in at
the New York Stock Exchange.
RAILWAY INVESTMENT
A SPECIALTY.
We are in correspondence with nearly every
Railroad Company in the Country through
our connection with
"POOR'S MANUAL OF RAILROADS,"
which gives us special advantages for in-
formation for the benefit of our customers.
Correspondence Invited. Interest allowed on Deposits, subject to Check at sight.
33 WALL ST., 52 DEVONSHIRE ST.,
NEW YORK. BOSTON.
POOR'S
MANUAL OF RAILROADS
1903.
NEW ENGLAND QROTJP— States of Maine, New Hampshire,
Vermont, Massachusetts, Rhode Island and Connecticut
BANGOR AND AKOOSTOOK EAILEOAD COMPANY.
(For map of this road, see page 2.)
. - „
Jf v / 1 / /
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Description of. 7
Car Trust Bonds 9
Directors and Officers 11
Earnings, Expenses, etc 4
Funded Debt, Details of 8.
Gen. Bal. Sheet, June 30, 1902. 6
Guaranteed Bonds 8
History 2
Income Account. June 30, 1902 4
Leased Line, Statements of.. 10
Miles Operated, June 30, 1902. 1
Operations, year 1901-02 4
Operations & Income.1895-1902 5
Rolling Stock 8
1. Main Line. — Brownville to Caribou, Me 154.14 milea.
Fort Fairfield Branch: Fort Fairfield Junction to Fort Fairfield, Me 13.30
Ashland Branch : Ashland Junction to Ashland, Me 42.64
Piscataquis Division : Oldtown to Greenville, Me 76.00
Van Buren Extension: Caribou to Van Buren, Me 33.11
Bangor and Katahdin Iron Works Ry.: Milo June, to Kat. Iron Works, Me. . 19.02
Aroostook Northern RR. : Caribou to Limestone, Me 15.91
Patten and Sherman RR. : Patten Junction to Patten, Me 5.65
Sundry Spurs 11.13
Total length of railroad, June 30, 1902 370.90 miles.
Sidings, etc., 67.55 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 70 Ibs.
2. History.— Chartered March 5, 1891; main line to Caribou and branch to Fort
Fairfield opened on January 1, 1895; branch to Ashland on January 1, 1896. The Ban-
gor and Piscataquis RR., from Oldtown to Greenville, was purchased as of April 1,
1899 (see MANUAL for 1899, page 3). The Van Buren extension was opened on Novem-
ber 16, 1899. The company purchased the Aroostook Northern RR., the Bangor and
Katahdin Iron Works Ry. and the Patten and Sherman RR. during the year ending June
30, 1902. The bonds of the Bangor and Katahdin Iron Works Ry. and of the Patten and
Sherman RR. have been retired and cancelled, and those of the Aroostook Northern RR.
have been assumed. The Fish River RR., from Ashland to Fort Kent, Me., 52 miles,
was put in operation December 15, 1902. It will be operated under lease by this com-
pany until authority is obtained to purchase it outright.
3. Rolling Stock, June 30, 1902. — Locomotives, 57. Cars — passenger, 34; combina-
tion, 10; baggage, express and postal, 15; freight (box, 1,438; stock, 70; flat, 1,651),
MAP OF THE
BANGOR & AROOSTOOK
BAILROAD AND CONNECTIONS.
POOR'S MANUAL — BANGOR AND AROO8TOOK RR. CO.
8
3,169; service, 86— total, 3,303. Of the cars, 1,195 box, 70 stock, 1,658 flat, and 21
caboose were covered by the car trusts outstanding on June 30, 1902 (see Sec. 9).
4. Operations, year ending June 30,1902. — Revenue train mileage — passenger, 543,
884; freight, 550,367; mixed, 5,474 — total, 1,099,725 miles. Passengers carried, 421,763;
carried one mile, 16,738,831; average mile rate, 2.48 cents. Tons freight moved, 925,611;
moved one mile, 84,338,878; average ton-mile rate, 1.34 cents.
EARNINGS. 1900-01 1901-02
Passenger $359,46690 $415.21770
Freight 984,022 54 1,149,008 14
Mail and Express 46,62234 55,28778
Miscellaneous 59,342 70 89,423 37
Totals $1,449,454 48 $1,708,936 99
Averages per Mile.... 3,90825 4,60754
EXPENSES. 1900-01 1901-02
Maint. of Way and Struc. $285,379 38 $378,307 22
Maint. of Equipment 98,52967 119,84671
Conduct. Transportation. . 455,87278 633,19971
General Expenses 68,64054 70,53061
Totals $908.422 37 $1,101,884 25
Averages per Mile. . . . 2,449 44 2,970 83
Net earnings, 1901-1902 (35.53 p. c.), $607,052.74. Payments: Interest on funded
debt ( Piscataquis Div. bonds, $75,000; 1st mtge. bonds, $1 68,000 ;2d mtge. bonds, $8,016.67;
Van Buren Extension bonds, $25,000; con. ref. mtge. bonds, $70,416.70; car trust
bonds, $48,000; car trust "B" notes, $9,156.67), $403,590.04; other interest, $13,909.59;
rental of Aroostook Northern RR., $11,301; taxes, $5,279.47; betterments, $118,741.15—
total, $552,821.25. Surplus, $54,231.49; surplus forward, $30,498.17; miscellaneous
credit, $9,800— total, $94,529.66.
5. Statement of operations and income account for eight years ending June 30:
R.R.Oper. Pass. Freight
YRS. (Aver.) Carried Moved.
Miles. No. Tons.
1895. . 226.60 194,574 257,609
1896. 285.00 229,940 295,401
1897. .306.75 220,213341,725
1898. . 322.65 228,838 323,190
1899. . 321.05 239,092 408,856
1900. . 364.05 315,747 638,974 1.227i916
1901 . . 370.87 348,558 814,797 1,449,454
1902.
Gross Operat'g
Earn'gs. Kxpen.
581,836
699,661
754,781
756,503
929,254
$
381,541
441,958
461,115
451,943
573,161
742,338
908,422
.370.90 421,763925,611 1,708,9371,101,884
Net Net Taxes & Bond Total Balance
Karn'ga. Income. Rent. Interest. Paym'ts. (+or — )
$ $ S * $
200,296 200,296 74,359 104,800 182,098 451,901
257,704 257,704 85,173 142,550 230,507 --27,197
293,666 293,666 86,053 185,350 274,708 --18,958
304,560 327,264 93,448 194,401 295,282 +31.981
356,092 356,092 79,820 210,751 307,226 -H8.867
485,578 488,085 25,605 330,163 434,965 +63,120
541,032 541,032 27,940 381,929 411,424 +129,608
607,053 607,053 16,580 403,590 552,821 +54,231
6. General Balance Sheet, June 30, 1902.
Cost of Road $8,711,731 67
Cost of Equipment 2,330,579 77
Aroostook Northern Common Stock. . . 17,896 48
Real Estate 41,507 40
Materials and Supplies 203,730 58
Cash 270,36478
Current Accounts 148,573 96
Total assets $11,724,384 64
Common Stock Paid in ($100 shares) . $1.060,000 00
Preferred Stock Paid in ($100 shares) 64.400 00
Funded Debt Outstanding (see below) 9.283,000 00
Car Trust Bds. and Notes (see below) 860,000 00
Current Liabilities 185.109 '
Interest and Rentals Accrued 187,345
Profit and Loss 94.629
Total Liabilities.. . . . .$11.724.384 64
7. Capital Stock — The authorized capital stock is $2.378,000 In $100 shares — 10,500
shares of common stock and 13,280 shares of preferred stock, the latter being entitled to 5 p. c.
non-cumulative dividends. All of the common stock and 12,466 full-paid shares of the pre-
ferred stock were issued, besides a small amount of preferred stock scrip. Provision was made
for the retirement of the preferred stock, in the mortgage securing the consolidated refunding
bonds, and up to June 30, 1902, all except $64,400 of such stock had been retired.
8. Funded Debt — The funded debt outstanding on June 30, 1902 — total, $9.283,000. as
per general balance sheet — consisted of the following issues :
f3,36O,OOO 1st gold 5s of Jan. 1, 1943; au-
thorized issue, $16,000 per mile. Secured on the
main line, Fort Fairfleld Branch and Ashland
Branch, a total of 211.35 miles.
f 157,000 2d gold 5s of July 1, 1945. Secured
on the same property as, but subject in lien to,
the 1st mtge. bonds.
91,5OO,OOO Piscataquis Division 1st gold 5s of
Jan. 1, 1943. Secured by 1st mtge. on the line
from Oldtown to Greenville, Me., 76 miles, on the
repair shops in Oldtown, and on the improve-
ments and new work provided for in the mort-
gage.
f 500,000 Van Buren Extension 1st gold 5s of
Jan. 1, 1943. Secured by 1st mtge, on the line
B
from Caribou to Van Buren, Me., 33 miles, and on
the equipment and appurtenances thereof.
f2,813,OOO consol. refund, gold 4s of Jvly 1.
1961, out of a total of $20,000,000 of such bonds au-
thorized. Of the unissued bonds, $12.687.000 are
reserved for the retirement of the preferred stock,
the underlying mortgage bonds and the car trust
obligations, as well as to provide for additions
and improvements, the bonds reserved for addi-
tions and improvements being issuable at not ex-
ceeding the rate of $250,000 a year. The remain-
ing $4,500,000 of bonds are to be used only for ex-
tensions, and for the acquisition of, and to dis-
charge any liens on, other railroads : the issue
for either of the purposes mentioned not to ex-
ceed the rate of $25.000 per mile of road. Including
4
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
equipment. The mortgage covers the entire prop-
erty of the company, whether now owned or here-
after acquired through the issue of the bonds it
secures . subject, however, to prior Hens. It is
provided that old bonds taken up shall not be
canceled until at least 99 p. c. of the class to
which they shall respectively belong shall have
been retired, but that in the meantime they shall
be stamped " not negotiable " and deposited with
the trustee under this mortgage as additional se-
curity therefor.
f 225,OOU Arooatook Northern RR. 1st 5s of Oct.
1, W47, assumed by Bangor and Aroostook RR.
Co. Secured on the line from Caribou to Lime-
stone, Me., 15.91 miles.
9.100,000 Aroostook County 41s of Sept. 1, 1912.
guaranteed by Hangor and Aroostook RR. Co.,
both principal and interest.
f 228.OOO Arooatook County 41* of July 1, 1915,
guaranteed by Bangor and Aroostook RR. Co.,
both principal and interest.
9. Car Trust Bond*. — The $860,000 outstanding on June 30, 1902, consisted of $180,000
(original issue, $400,000) 6 p. c. Series A bonds, dated Oct. 1, 1896, payable $20,000 each 1st
of April and Oct.; and $680,000 (original issue, $800,000) 5 p. c. gold Series B bonds, dated
July 1, 1900, payable $40,000 each 1st of April, and Oct., beginning April 1, 1901. The
" Series A " bonds cover 758 flat, 425 box, 20 stock and 15 caboose cars ; " Series B " bonds cover
800 flat, 770 box, 50 stock and 6 caboose cars. The $210,000 equipment notes were retired dur-
ing the year ending June 30, 1902.
1O. RAILROAD LEASED BY THE BANGOR AND AROOSTOOK RR. Co.
PISH RIVER RR — Ashland to Fort Kent,
Me., 52.5 miles. Gauge, 4 ft. 81 in. Rail (steel),
70 IDS.
HISTORY. — Chartered Sept. 13, 1901; road
opened Dec. 15, 1902. Operated under lease by the
B. & A. RR. Co., pending its absorption by pur-
chase and merger.
FINANCIAL STATEMENT. — Capital stock,
1600,000. Estimated cost of road to completion,
$1,170,000. There Is provision for an issue of 1st
mtge. 50-yr. bonds to mature Jan. 1, 1952, the
total issue not to exceed $1,400,000, or at the rate
of $25,000 per mile. The mortgage provided for
an equal amount of notes to be issued prior to
the issuing of the bonds, such notes to be dated
Jan. 1, 1902, mature July 1, 1903, and bear interest
at the rate of 5 p. c. per annum.
CORPORATE OFFICERS. — F. W. Cram, Prer ;
B. B. Thatcher, Vice-Pros. ; Edward Stetson,
Treas. ; F. H. Appleton, Sec., Bangor, Me. Office,
Bangor, Me.
11. Board of Directors, Bangor and Aroostook RR. Co., elected October 21, 1902.
F. W. Cram Bangor, Me. I B. B. Thatcher Bangor, Me. I C. A. Gibson Bangor, Me.
A. A. Burleigb Houlton, Me. | F. H. Appleton " " | H. P. Oliver
Edward Stetson Bangor, Me.
F. W. CBAM, President Bangor, Me.
A. A. Burleigh, V 'ice-President Houlton, Me.
Treasurer — Edward Stetson Bangor, Me. [Secretary — F. H. Appleton Bangor, Me.
Cashier — F. C. Plalsted Bangor, Me.
PRINCIPAL OFFICE AND ADDRESS Bangor, Me.
BOSTON AND MAINE RAILROAD SYSTEM.
The system of railroads owned, leased or operated by the Boston and Maine RR. on
June 30, 1902, aggregated in length of main track 2,326.67 miles, as follows:
Boston and Maine Railroad and Leased Lines 2,265.50 miles.
Sullivan County Railroad 26.00 "
Vermont Valley Railroad 24.00 "
York Harbor and Beach Railroad. . 11.17 "
Total mileage of system operated by B. & M. RR 2,326.67 miles.
Although the Sullivan County RR., the Vermont Valley RR., and the York Harbor
und Beach RR. are operated directly by the Boston and Maine RR., their operations arc
not included in the report of the operating company, which simply acts as agent for the
owners. The Vermont Valley and the Sullivan County are controlled in the interest of
the Connecticut River RR. Co., a leased company of the Boston and Maine RR.
The Boston and Maine RR. owns and operates an electric branch over the principal
streets of Portsmouth, N. H., and through the towns of Rye and North Hampton to Rye
Beach Station. An electric branch of the Concord and Montreal RR. is projected from
Concord to Nashua, N. H. The section between Concord and Manchester, 18 miles, was
opened for traffic on Aug. 11, 1902.
The following statement shows in detail the mileage (exclusive of trackage rights)
of the system, and its capitalization, on June 30, 1902. The amounts of stocks and bonds
afloat represent the securities outstanding, the difference between such amounts and the
POOR'S MANUAL — BOSTON AND MAINE3 BY8THM.
total capitalization being the amounts of capital stock and of funded debt held by com-
panies of the system:
NAME OP ROAD.
Road
Owned.
CAPITAL STOCK.
FUNDED DEBT.
TOTAL
CAPITALIZATION.
Total
Issue.
Amount
Afloat.
Total
Issue.
Amount
Afloat.
Total.
Afloat.
Boston and Maine R.R. . . .
Averages pet Mile
Miles.
619.08
$
26,787,871
43,270
6,529,400
2,500,000
800,000
800,000
385,000
300,000
240,000
7,197,600
350,000
250,000
500,000
84,000
541,500
341,700
789,300
2,630,000
58,300
24,360,000
150,800
3,193,000
65,000
625,000
1,000,000
200,900
3,068,400
412,400
45,000
3,099,800
*
25,494,311
41,181
6,529,400
2,500,000
800,000
800,000
385,000
300,000
240,000
7,197,600
350,000
$
29,597,442
47,809
8,528,000
1,900,000
S
27,597,442
44,578
8,528,000
1,900,000
$
56,385,313
91,079
15,057,400
4,400,000
800,000
800,000
385,000
300,000
240,000
13,828,600
350,000
250,000
1,000,000
84,000
541,500
341,700
789,300
5,210,000
183,300
46,024,000
150,800
4,193,000
65,000
625,000
1,274,000
500,900
3,068,400
912,400
210,000
4,875,800
$
53,091,753
85,759
15,057.400
4,400,000
SOO.tXK)
800,000
385,000
soo.opo
240,000
13,828,600
350.000
Leased Railroads
Boston and Lowell
111.75
110.30
35.46
14.50
10.50
13.16
15.50
305.41
39.87
4.95
20.12
5.19
22.93
17.41
33.69
79.85
9.26
394.14
5.04
58.58
4.50
8.85
22.39
26.98
82.91
70.90
18.51
94.48
Massawippi Valley
Nashua and Lowell
Peterborough
Stony Brook
Wilton
Concord and Montreal ....
Concord & Portsmouth. .
Franklin and Tilton ....
Nashua, Acton & Boston
New Boston
6,631,000
6,631,000
500,000
60,000
503,400
261,600
25.000
2,630,000
11,200
17,360,000
150,800
3,193,000
65,000
625,000
1,000,000
63,900
3,068,400
409,200
45,000
3,099,800
500,000
3,600
503.600
60,000
503,400
261 ,600
25,000
5,210,000
11,200
39.024.000
150,800
4.193,000
65,000
625,000
1,274,000
63,900
3,068,400
909,200
145,000
4,875,800
Pemigewasset Valley . . .
Suncook Valley
Whitefield & Jefferson . .
Connecticut River
2,580,000
125,000
21,664,000
2,580,000
Danvers
Fit chburg
21,664,000
Troy and Bennington . . .
Vermont & Mass
1,000,000
1,000,000
Kenneb'k & Kennebunkp .
Lowell and Andover
Manchester and Lawrence..
Newburyport
274,000
300,000
274,000
Northern
Concord and Claremont .
Peterborough & Hillsb.. .
Worcester, Nash. & Roch.
Total Leased Roads . .
Averages per Mile. . . .
500,000
165,000
1,776,000
500,000
100,000
1,776,000
1,637.13
59,727,800
36,483
500,000
1,000,000
300.000
52,724,600
32,205
45,943,000
28,063
357,000
800,000
44,956,600
27,461
357,000
800,000
105,670,800
64,546
857,000
1,800,000
300,000
97,681,200
59,666
357,000
1.313,300
46,450
Operated Railroads.
Sullivan County
26.00
24.00
11.17
Vermont Valley
513,300
46,450
York Harbor & Beach
Total Operated Roads .
Averages per Mile
61.17
1,800,000
29,428
559,750
9,151
1,157,000
18,916
1,157,000
18,915
2,957,000
48,343
1,716,750
28.066
Grand Totals
2,317.38
88,315,671
38,111
78,778,661
34,081
76,697,442
33,097
75,711,042
32,671
165,013.113
71,208
154.489.703
00,752
Averages per Mile. . .
BOSTON AND MAINE RAILROAD.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 7
Construction Account 10
Directors and Officers 17
Earnings, etc., 1901 & 1902. ... 13
Funded Debt, Details of 8
Gen. Bal. Sheet, June 30, 1902. 7
Gen. Balance Sheet, 1896-1902 15
Guaranteed Bonds 10
History 1
Income Acct, June 30, 1902... 13
Investments 11
Leased Lines, Statements of. 16
Leased Lines, Summary of.. 14
Lease Rentals in Detail 16
Mileage Operated, June 30,
1902 2
Operations & Income 13
Rolling Stock 4
Securities Owned and Other
Investments 11
Sinking Funds 13
Trackage Contracts 3
1 . History. — Consolidation, May 9, 1890, of the Boston and Maine RR., Eastern RR.
Co., and Portsmouth, Great Falls and Conway RR. Co. The Eastern RR. in New Hamp-
shire was absorbed on June 1, 1899; the Portsmouth and Dover RR., Portland, Saco and
Portsmouth RR., and Portland and Rochester RR. on Jan. 1, 1900; and the Central Mas-
sachusetts RR. on April 1, 1901 (see MANUAL for 1897, page 318, and MANUAL for 1901,
page 4). During the year ending June 30, 1902, the Portsmouth Electric Branch was
extended 1.87 miles, and the Asbury Grove Branch, 1.06 miles, was abandoned and dis-
mantled.
6
POOR'S MANUAL OF RAILROADS NEW ENGLAND GROUP.
Purchase of Central Mass. RR. Stock. — During the year ending June 30, 1902, the
company purchased 1,234 shares of preferred stock and 389 shares of common stock of
the Central Massachusetts RR. Co., at a cost of $86,878.96. The shares thus acquired,
together with those previously purchased, made a total of 39,216 of the preferred stock
and 34,105 of the common stock. Between June 30, 1902, and the date of the annual
meeting, Oct. 8, 1902, a few additional shares were purchased, and there remained out-
standing on the latter date 216 shares of the preferred stock and 684 shares of the com-
mon stock.
Additional Stock and Bonds Authorized. — At the annual meeting held Oct. 8, 1902,
the stockholders voted to issue $1,000,000 of additional common stock and $2,000,000 of
new 20-year bonds, for the purpose of funding floating indebtedness of the company and
to provide for its future needs for abolishing grade crossings, purchasing additional
equipment, making permanent improvements to the road, and other necessary and lawful
purposes. As of January 1, 1903, the company issued $1,000,000 of the bonds, bearing
interest at the rate of 3% per cent, per annum, and 2,000 shares of the stock.
2. Mileage of Road, June 30, 1902.— A. LINES OWNED (619.08 miles).
Western Division: Boston, Mass., to Portland, Me 115.31 miles.
Eastern Division: Boston, Mass., to Portland, Me 108.29 "
Northern Division: Conway Junction, Me., to Intervale Junction, N. H 73.37 "
Southern Division: North Cambridge Junction, to Northampton, Mass.... 98.77
Worcester, Nashua & Portland Div. : Portland, Me., to Rochester, N. H. . . 53.86
Saugus Branch : Everett to Lynn, Mass 9.55
Ijaiorence Branch, Eastern Division: Salem to North Andover, Mass 19.89
South Reading Branch: Peabody to Wakefield, Mass 8.12
Gloucester Branch : Beverly to Rockport, Mass 16.94
Essex Branch : Wenham to Essex, Mass 6.00
Dover and Winnipiseogee Branch: Dover to Alton Bay, N. H 29.00
Wolfboroitgh Branch: Sanbornville to Wolfborough, N. H 12.03
Portsmouth and Dover Branch: Portsmouth to Dover, N. H 10.88
Portsmouth Electric Ry.'. Portsmouth to Rye Beach, N. H 18.34
Other Branches: Medford, 2 m. ; Methuen, 3.75 m. ; West Amesbury,4.45 m. ;
Orchard Beach, 3.27 m.; Charlestown, 1.09 m.; East Boston, 3.47 m.;
Chelsea Beach, 3.34 m. ; Swampscott, 3.96 m. ; Marblehead, 3.52 m.;
Newburyport City, 1.97 m. ; Salisbury, 3.79 m. ; Somersworth, 2.75m.;
Lowell and Lawrence and Lowell and Andover Connection, Lowell
(0.37 m. of double track, of which 0.12 m. of single track is owned by
L. & A. RR.), 0.25m.; Union (Portland), 1.12 m 38.73
B. LEASED LINES (See Section 15 of this statement for details) 1,637.13
C. TRACKAGE RIGHTS (total 9.29' miles) :
Grand Trunk Ry. : Lennoxville to Sherbrooke, Que 2.95
N. Y., N. H. d H. RR.: North Acton to Concord, June., Mass 4.21
Troy Union RR. : At Troy, N. Y 2.13
Total length of lines operated as B. A M. RR., June 30. 1902 2,265.50 miles.
2d track (owned, 167.80 m.; leased, 336.09 m.; trackage rights, 9.07 m.), 512.96 m.; 3d
track (owned, 2.26 m.; leased, 6.05 m.), 8.31 m.; 4th track (leased), 2.02 m.; sidings
(owned, 333.47 m.; leased, 862.42 m.), 1,195.89 miles. Total track (owned, 1,122.61 m.;
leased and trackage rights, 2,862.07 m.), 3,984.68 miles. Rail (steel — owned, 1,048.74 m.;
leased, 2,733.72 m.— total, 3,782.46 m.), 65 to 100 Ibs.
3. Trackage Rights. — Th.e contract for trackage rights between North Acton and
Concord Junction, Mass., 4.21 miles, is dated Feb. 18, 1891, the parties being the Old
Colony RR. (now leased to the New York, New Haven and Hartford RR. Co.) and the
Concord and Montreal RR. (now leased to the Boston and Maine RR.). The annual
rental is $3,082.20, being 6 per cent, on the cost of the line, $51.370. The contract for use
of the line from Sherbrooke to Lennoxville, Que., 2.95 miles, is between the Grand Trunk
Ry. Co. and the Connecticut and Passumpsic Rivers RR. Co. It is dated Sept. 23, 1873,
and provides for a fixed annual rental of $1,750 for use of track and buildings. Track-
POOR'S MANUAL BOSTON AND MAINE SYSTEM.
age rights over the Troy Union RR. are secured through one-quarter ownership by the
Fitchburg RR. Co. of the capital stock of the Troy Union RR. Co., another one-quarter
being owned by the Delaware and Hudson Co. and the remaining one-half by the New
York Central and Hudson River RR. Co. The entire expenses of the Troy Union RR.
are divided between the three proprietary companies on the basis of ownership.
4. Rolling Stock, June 30, 1902. — Locomotives (passenger, 380; freight, 357;
switching, 219), 956. Cars, 19,299 as follows:
PASSENGER TRAIN CARS.
Passenger *1,181
Parlor 9
Directors' and Pay
Baggage *201
Mail 26
Express 64
Milk 54
Air Brake Instruction 2
Electric Passenger 22
FREIGHT TRAIN CARS.
8- wheel Box 7,322
8-wheel Box — Caboose.... 284
4-wheel Box — Caboose — 70
8-wheel Stock 142
8-wheel Platform 3.287
8-wheel Sideboard Coal.. 80
8-wheel Coke 166
8-wheel Coal 4,189
4-wheel Coal Dump 1,549
8-wheel Refrigerator 132
Logging Trucks =8- wheel 62
OTHER EQUIPMENT.
8-wheel Tool — Box 96
8-wheel Boarding 104
8- wheel Derrick 60
4-wheel Derrick 9
8-wheel Pile Driver 8
8-wheel Flanger 22
Other Cars 53
Steam Shovels 13
Snow-plows 93
Electric Snow-plow 1
Other Electric Cars 1
Total 17,283
Total 1,566 Total = 8-wheel 16,4331 Total 450
•Includes 10 passenger and 4 baggage cars, 30.5 p. c. of which are owned by the Boston and
Lowell RR. Corporation, 37.83 p. c. by the Concord and Montreal RR., and 31.67 p. c. by the
Canadian Pacific Ry. Co.
5. General Income Account, year ending June 30, 1902.
Earnings— Passenger $11,557,583 46
Freight 18,124,636 31
Mail and Express 1,337,016 23
Miscellaneous 821,458 00
Total ($14,054.60 per mile) $31,840,694 00
Net Earnings, 1901-02 (29.55 p. c.) $9,407,542 81
Rents of Tenements, Land, etc., (net) . . 331,562 74
Income from Investments '. 201,55740
Interest 32,915 40
Miscellaneous Income ( net) 23,865 61
Expenses— Maint of Way and Struc. . . $3,987,359 66
Maint. of Equipment* 3,346,484 48
Conducting Transportation 14,364,117 0(1
General Expenses 735,190 05
Total ($9,902.08 per mile) $22,433,151 19
Taxes and Revenue Stamp Tax $1,629,513 jflJ
Interest on Debt ( see below) 1,366,996
Rentals of Leased Roads (see below) . . 5,058,589
Sundry Track Rentals 4,332
Sinking Funds (net) 151,28500
Dividends on Preferred Stock (Paid).. 188,988 (X
Dividends on Common Stock (Paid) ... 1,575,371 00
Net Income. . , $9,997,443 96 Total Payments $9,975,076 63
*In addition to the ordinary expense of maintaining the equipment, this Item Includes
$563,238.83 expended for new equipment.
Surplus for year, $22,367.33, carried to contingent fund.
Interest on Detit. — Interest on funded debt (three issues of B. & M. sinking fund 4s,
$136,760; B. & M. plain 4s, $100,000; B. & M. plain 4|s, $270,000; B. & M. plain 3s, 5163,620;
B. & M. plain 31s, 8 mos., $23,333.34; E. RR. $ certificates, $396,725; E. RR. £ certificates,
$90,906.21 ; two issues of P., G. F. & C. RR. 1st nitge. 41s, $45,000 ; P. & R. RR. terminal 4s.
$4,540; Cent. Mass. RR. 1st 5s, $100,000), $1,330,884.55; interest on real estate mortgages, notes,
etc., $36,112.14 — total, $1,366,996.69.
Dividends Pnl«l. — On preferred stock, Sept. 2, 1901, and March 1, 1902. 3 p. c. each; on
common stock, Oct. 1, 1901, Jan. 1, April 1, and July 1, 1902, If p. c. each. See also General
Index for table of Dividends Paid by Railroad Companies in 1896-1903.
6. General Balance
Construction $42,168,983 51
Equipment 5,212,347 89
Stocks and Bonds Owned (see Sec. 11) 10,580,654 51
Real Estate and Other Investments... 1,428,298 06
Materials and Supplies 2,694,77005
Cash 2,083,524 62
Trustees of Sinking Funds 1,145,869 35
Bills Receivable 926,945 81
Current Accounts and Balances 3,896,074 55
Improvement Accts. of Leased Roads. 1,024,422 98
Elimination of Gr. Cross'gs in Process 365,526 06
Other Assets 490,721 99
Sheet, June 30, 1902.
Capital Stock Liability (see Sec. 7) . .$26,787,870 70
Premium on Common Stock Sold 2,091,218
Funded Debt Outstanding (see Sec. 8) 29,597,441
Real Est. Mtgs.,4 p. c.,due Sept. 1, 1906
Current Liabilities M?i'5?2 ™
Accrued Taxes, Rentals and Interest. 1.315,612
Lease Accounts of Sundry Railroads. 2,095,939
Injury Fund..... iffiffi 33
Contingent Fund ••• . JJJSP5!
Sinking Funds for Redemp. of Bonds. l.fH.jM £.\
Suspense Account
Profit and Loss 1.5fo,165
Total Assets $72,018,13938 Total Liabilities
7. Capital Stot-k — Capital stock liability consisted, June 30. 1902. of $23.638,070 70
common stock and $3,149,800 preferred stock ; the common stock Including $23.633,80'
common stock, $993.81 B. & M. common stock scrip, 32 shares P. S. ft P. RR. Co. stock exc
able for $3,200 of B. & M. common stock and 1 share P. & D. RR. stock exchangeable for $76.89
B. & M. common stock. At the same time the authorized capit;il stock was $26,80!
sisting of $23,653,125.30 common stock and $3,149,800 non-cumulative 6 p. c. preferred f
Chart's, $100 each. At the annual meeting held Oct. 8, 1902, $1,000.000 additional common st
8
POOR'S MANUAL OF RAILROADS NEW ENGLAND GROUP.
was authorized for the purposes stated In Sec. 1. Of the common stock Issue, the company owns
(1,128.200 upon which no dividends are paid, and which Is deposited with the trustees of tho
Eastern UK. Co. a* collateral security for the payment of its certificates of indebtedness due in 1906.
N. Funded Debt. — The funded debt outstanding June 30, 1902 — total, $29,597,441.66 as
per general balance sheet — consisted of the following issues :
E. RR. Mtg. 6s (£) of Sept. 1, 1906, Int.
M. & S $1,514,941 45
P., G. F. & C. RR. 1st 4Js of June 1,
1937, Int. J. & D 998,000 00
P. G. F. & C. RR. 1st 4Js of Dec. 1, 1892,
Int. J. & D 2,000 00
P.&R. RR. 4s of Oct. 1, 1907, int. A.&O.. 113,500 00
Cent.Mass. 1st 5s of Oct.1,1906, int. A.&O. 2,000,000 00
B.&M. Sink. Fund 4s of Feb.2,1905,int.F.&A. $1,000,000
U.&M. Sink. Fund 4s of Feb.l,1907,int.F.&A. 500,000
D.&M.Slnk.Fund 4s of Feb.l,1937.1nt.F.&A. 1,919,000
B.&M. Plain 4s of Aug. 1. 1942, int. F.&A.. 2,500,000
B.&M. Gold 4Js of Jan. 1, 1944, int. J.&J... 6,000,000
B.&M. Gold 3s of July 1. 1950, int. J.&J. ... 5,454,000
B.&M. Plain 3|s of Nov. 1, 1921, int. M.&N. 1,000,000
E. RR. Mtg. 6s ($) of Sept. 1, 1906, Int.
M. & S 596,000 21
Under the sinking fund provisions of the three Improvement loans 11 p. c. In cash upon tho
amount of the bonds outstanding is paid yearly to the Boston Safe Deposit and Trust Co., trustee
of the sinking fund. The income of this fund is invested in bonds or other securities, as requested
by the Boston and Maine RR.
The Eastern RR. mortgage certificates are secured on the main line from Boston, Mass., to
N. H. State line, 41.45 m. ; on the Asbury Grove. Charlestown, East Boston, Essex, Gloucester,
Lawrence, Marblehead, Swampscott, and Saugus Branches, and on 3.79 m. of the West Amesbury
Branch, from Salisbury to Amesbury ; an aggregate of 110.72 miles.
The Portsmouth, Great Falls and Conway bonds are secured on the main line from Conway
Junction, Me., to North Conway, N. H., 72.86 onles. The $2,000 old bonds have not yet been pre-
sented for exchange for bonds of 1937.
The Central Massachusetts 1st mtge. bonds are secured on the line from North Cambridge
Junction to Northampton, Mass., 98.77 miles. They are all owned by the Boston and Lowell RR.
O. Bonds and Interest Guaranteed. — The Boston and Maine RR. guarantees
$1,328,000 1st mtge. 5 p. c. bonds of the St. Johnsbury and Lake Champlaln RR. Co. and the
interest on $274,000 Manchester and Lawrence 4 p. c. bonds of 1922, besides guaranteeing jointly
with the Maine Central RR. Co. $300,000 Portland Union Ry. Station Co. bonds. The Boston and
Maine RR. also guarantees, under the terms of the respective leases, the interest on the funded
debts of the Boston and Lowell RR., Connecticut and Passumpsic Rivers RR., Concord and Montreal
RR., Connecticut River RR., Fitchburg RR., Vermont and Massachusetts RR., Manchester and
Lawrence RR., Concord and Claremont RR. and Peterborough and Hillsborough RR. (See separate
statements for those roads.)
10. Construction Account. — The following expenditures on capital account were made
during the year ending June 30, 1902 : Further purchase of shares of capital stock of the Central
Massachusetts RR. Co., $86,878.96 : completion of second track and of highway grade crossing
separations between Salisbury, Mass., and Greenland, N. H., $66,876.48 ; other highway crossing
separations completed, $88,632.70 ; additional construction and equipment of Portsmouth Electric
Branch Ry., $27,338.35 ; new freight house at Salem, Mass., and new freight yards at Salem,
Somervllle and West Lynn, $50,361.51 ; land purchased and applied to company's use, $431.39 ;
land purchased but not yet applied to company's use, $35,998.05 — total, $356,517.44. Less land
disposed of, $9,143.27. Net increase in construction and real estate accounts, $347,374.17.
11. STOCKS AND BONDS OWNED, AND OTHER INVESTMENTS, JUNE 30, 1902.
SHARES. STOCKS. VALUATION.
64,547 Fitchburg RR., common $5,454,549 75
11,282 B. & M. RR., common 1,293,559 95
25,160 Maine Central RR 2,516,000 09
6,071 York Harb. & Beach RR. ($50) 250,050 00
3,952^'Portland & Ogdensburg RR.. 146.238 80
250 Portland Union Ry. Station Co 25,000 00
300 P., Mt. D. & M. S. B. Co. ($50) . 15,000 00
809 St. J. & L. Champ. RR. ($50).. 4,303 56
1,370 Newburyport RR 4,11000
471 Danvers RR 2,34500
400 Portsmouth Bridge 4,000 00
240 St. J. Br. & Ry. Ext. Co. ($50).. 684 CO
373 Montreal & Atlantic Ry 3,000 00
32 Concord & Claremont RR 640 00
1 Proprietors Wells River Bridge. 90 00
Total Valuation $9,719,57106
BONDS. VALUATION.
$300,000 Newburyport RR $298,464 95
125,000 Danvers RR 125,000 00
432,000 St.Johnsb. & Lake Champ.RR. 432,000 00
5,450 Woodsville Aqueduct Co 5,618 50
Total Valuation $861,08346
OTHER INVESTMENTS.
Str. " Mt. Washington " and Wharves. $69,260 24
Elevator at Richford, Vt 52,261 43
Real Estate 1,306,776 39
Total Valuation $1,428,298 06
There are also held In the treasury for account of the Northern RR., 1,250 shares of the capital
stock of tho Franklin and Tilton Kll. of a par value of $125,000.
12. Sinking Funds. — Balance of funds June 30, 1902 — B. & M. Improvement bonds,
$1,139.427.61 ; Eastern RR. bonds, $6,441.74 — total, 41,145,869.35. The B. & M. Improvement
sinking fund is invested as follows : Cost of $201,000 B. & M. improvement bonds, $204,075.12 ;
cost of $63,000 B. & M. gold 4Js of 1944, $78,838.88 ; cost of $150,000 bonds of Portland Union
Ry. Station Co., $150,809.32; cost of $69,000 bonds of Maine Central RR. Co.. $71,872.12; cost of
$62,000 bonds of Bangor and Aroostook RR. Co., $67,270 ; cost of $154,000 bonds of Concord and
Montreal RR. Co., $154.926.90; cost of $8,000 bond? of European and North American Ry.,
$9,198.24; co-»t of $303,000 Connecticut River RR. scrip, $305.319.81; cost of 31 shares ($3.100)
of Connecticut River RR. stock, $7,734 50 ; cost of 500 shares ($50,000) of Fitchburg RR. preferred
stock, $71,500 ; cost of $9,733 (£2,000) certificate* of indebtedness of the Eastern RR.. $10,964.88;
cash on hand, $6.917.84 — total. $1.139,427.61,
POOR'S MANUAL BOSTON AND MAINE SYSTEM.
13. Statement of traffic operations and income for two fiscal years ending June 30:
1901
1902
1901
1902
Miles Road Oper. (av./
Pass. Train Mileage . .
Freight Train Mileage
Mixed Train Mileage .
Total Rev. Tr. Mil-
Passengers carried. . . .
Pass. Carried One Mile
Tons Freight Moved . .
Freight (ton) Miles.. .
Earnings — Passenger .
Freight
2,256.97
10,666,751
7,424,741
174,963
2,265.50
10,717,579
7.857,575
187,380
Net Earnings
$
9,288,052
206.044
306,398
35,545
20,196
$
9.407.543
201.557
3.11,563
32,915
23,866
Income from Invest. .
Rents of Tenem'ts, etc
Interest Received
Miscellaneous Income
Totals, Net Income
Payments — Taxes. . . .
Lease Rentals ....
In. and Sink. Fund-
Dividends, Com . . .
Dividends, Pref . . . .
Totals . .
18,206,455
38,496,814
632,476,537
17,516,571
1,538,317,388
$
11,147,757
17,439,380
1,240,441
979,259
18,762,534
37,830,047
655,300,386
18,183,321
1,620,362,196
*
11,557,583
18,124,636
1,337,016
821,458
9,856,835
1,547,315
5.199,234
1,419,873
(7) 1,456,012
(6) 188,988
9,997,444
1,629,514
5,062,922
1,518,281
(7) 1,575,371
(6) 188,988
Mail and Express. . .
Miscellaneous
9,811,422
45,413
13,649.64
9,534.37
4,115.27
69.85p.c .
1.763c.
1.134c.
9.975,077
22.367
14,054.60
9,902.08
4,152.52
70.45p.c.
1.764«.
1.119o.
Totals
Balance, Surplus ....
Gross Earn, per Mile .
Oper. Expen. per Mile.
Net Earnings per Mile.
Expenses t > Earn. .. .
Av.Rate p. Pass.p.M. .
Av. Rate p. Ton per M.
30,806,837
3,514,075
3.620,764
13,580,307
803,639
31,840,694
3,987,360
3,346,484
14,364,117
735,190
Expe ises-M.Way,etc.
Maint. Equipment .
Transportation . . .
General
Totals
21,518,785
9,288,052
22,433,151
9,407,543
Net Earnings
A statement of operations and Income for the seren fiscal years ending June 30, 1895 to 1901,
inclusive, is In the MANUAL for 1902, on page 8. A change iu the method of distributing the items
of earnings, etc., Introduced in the report for the year ending June 30, 1902, makes a true com-
parison with the years previous to 1901 Impossible. For this reason, and because of the fact that
the statistics of the Fitchburg RR. are Included in the reports for the last two fiscal years only,
it has been decided to discontinue the publication of the statistics for years previous to 1901.
14. Summary of leased lines on June 30, 1902, showing their mileage, the dates and
terms of the leases and the annual rental charges:
Length
of
Road.
Length
of
Track.
Length
Steel
Rails.
Lease
Effective.
Term of
Lease.
Annual
Rental,
1901-02.
Boston <fe Lowell RR. ...
Miles.
96.95
110.30
29.59
35.46
14.50
10.50
13.16
15.50
200.62
39.87
4.95
20.12
6.19
22.93
17.41
33.69
79.85
9.26
394.14
5.04
58.58
4.50
8.85
22.39
26.98
82.91
18.51
70.90
94.48
Miles.
260.18
151.13
32.61
42.81
41.87
12.08
18.92
20.51
465.57
54.89
8.67
25.38
6.02
35.69
21.54
44.51
180.34
11.70
779.15
6.11
154.76
5.40
22.28
33.35
31.82
111.89
20.93
83.28
160.32
Milet.
242.05
148.01
31.35
42.63
40.49
11.83
17.49
19.75
435.32
47.02
6.93
21.65
5.40
30.37
17.83
42.85
177.56
11.69
767.13
6.11
153.40
4.96
20.59
30.68
30.30
105.38
19.14
77.26
150.19
April 1, 1887
Jan. 1,1887
April 1, 1887
July 1,1870
Oct. 1,1880
April 1, 1893
Jan. 1,1890
Oct. 1, 1883
April 1, 1895
Jan. 1,1862
April 1, 1895
April 1, 1895
Jun.19, 1893
Feb. 1, 1882
Jan. 1,1870
April 1 , 1895
Jan. 1, 1893
Mav 30,1853
July 1,1900
Aug. 1,1852
Jan. 1,1874
May 15,1883
Dec. 1,1874
Sept. 1, 1887
Feb.21, 1860
Jan. 1,1890
Jan. 1,1890
Jan. 1.1890
Jan. 1,1886
99 years
99 years
99 years
999 years
99 years
93 years
99 year?
99 years
91 years
99 years
91 years
91 years
99 years
100 years
42 years
91 years
99 years
100 years
99 years
Perpet'l
999 years
99 years
99 years
50 years
100 years
99 years
99 years
99 years
50 years
t
767,027.00
213.000.00
Conn. & Passumpsic Rivers RR
Manchester & Keene RR. .
Massawippi Valley Ry
40,000.00
73,000.00
15,700.00
21,600.00
20,400.00
774,886.28
25,000.00
Nashua & Lowell RR
Peterborough RIl
Stony Brook RR
Wilton RR
Concord & Montreal RR. . . .
Concord & Portsmouth RR
Franklin & Tilton RR
Nashua, Acton & Boston RR
New Boston RR
2,* 00.00
32,790.00
14,7 1 0.00
Pemigewasset Valley RR
Suncook Valley RR. , . .
Whitefield & Jefferson R R
Connecticut River RR
366,750.00
Danvers RR. . . .
Fitchburg RR
1,796,567.50
15.400.00
244,580.00
2,925.00
52,500.00
112.960.00
Troy & Bennington RR
Vermont <fe Massachusetts RR
Kennebunk & Kennebunkport RR
Lowell <fe Andover RR
Manchester & Lawrence RR
Newburyport RR
Northern RR
189.104.00
4. Mid. ixi
22.500.00
250,000.00
Peterboro' & Hillsboro' RR
Concord & Claremont (N. II.) RR
Worcester, Nashua & Rochester RR
Totals
1,637.13
2,843.71
2,715.36
5.058.589.78
It should be understood that the obligations of the Boston and Lowell RR. Corp., Concord and
Montreal RR., Fitchburg RR. Co. and Northern RR. on account of the lines leased by them, are
assumed by the Boston and Maine RR. only during the continuance of Its leases of the parent roads.
The dates and terms of the leases of such subordinate leased lines given in the preceding statement
refer in most cases to the agreements with the direct lessees. In the cases of the Manchester and
Keene RR., Nashua, Acton and Boston RR., Whitefleld and Jefferson RR. and the Northern RR
leased lines they refer to the agreements between the direct lessees of those roads and the Boston
and Maine RR. The reasons for varying from the rule In these cases will be seen by referring to
the separate statements for the roads named.
10 POOR'S MANUAL OF RAILROADS — NEW ENGLAND OROUP.
15. Mileage, equipment and general balances for seven years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles of Road Owned
369.81
764.70
647.13
665
1,201
12,642
267
1
18,739,200
3,149,800
370.08
753.63
677.56
660
1,221
12,326
277
$
18,739,200
3,149,800
370.08
756.87
683.06
665
1,210
12,200
283
$
18,739,200
3,149,800
386.41
793.49
717.22
671
1,206
12,043
282
S
19,219,775
3,149,800
519.50
989.20
909.38
694
1,235
12,230
330
S
21,902,925
3,149,800
618.27
1,117.31
1,038.07
955
1.550
17,489
441
*
23,367.171
3,149,800
1,829,800
28,794,915
594,800
11,521,251
1,565,165
619.08
1,122.61
1,048.74
956
1,566
17,283
450
$
23,638,071
3,149,800
2,091,219
29,597,442
594,800
11,381.643
1,565.166
Miles of Track Owned
Miles of Steel Rail Owned
J,ocornotive« .
Freight Train Cars
Miscellaneous Equipment ....
Preferred Stock
Funded Debt
21,565,780
597,800
7,865,105
1,677,158
21,477.280
597,800
7,337,053
1,712,451
21,392,307
597.800
7,050,437
1,713.577
21.305,334
594,800
7,798,712
1,758,990
21,330,334
594,800
9,082,439
1,519,753
Other Liabilities. ~.
Profit and Loss
Total Liabilities
Construction
53,594,843
32,269,161
4,583,150
5,868,137
1,014,261
2,230,284
7,629,850
53,013,584
32,294,885
4,583,150
5,944,761
1,118,676
1,767,086
7,305,026
52,643.121
32,350,960
4,583,150
6,043,761
1,242,174
1,834,002
6.589.074
53,827,411
32,913,270
4,578,150
6,122,833
1,348,089
1,485,745
7,379.324
57,590,051
36,278,801
4,850,075
6,128,369
1,357,141
2,364,938
6,610,727
70,822,902
41,815,846
5,203,062
10,679,155
1,443,347
2,669,746
9,011,746
72,018,139
42,168,984
5,212,348
10,580,654
1,428,298
2,694,770
9,933.085
Equipment
Securities Owned
Other Investments
Supplies and Materials.
Cash and Other Assets
Total Assets. . ,
53.594.843
53.013.584
52.643.121 R3.827.411
57 590.051
70.822.902
7L-.01K139
BOSTON AND LOWEI.L, RR Boston,
Mass., to Lowell, Mass., 26.75 m. ; branches —
Mystic, 2.25 m. ; Lexington, 8.11 m. ; Stoneham,
2.50 m. ; Lawrence, 3.21 m. ; Bedford and Biller-
ica, 7.63 m. ; Salem and Lowell, 16.80 m. ;
Lowell and Lawrence, 12.42 m. ; Middlesex Cen-
tral. 11.08 m. — total, 96.95 m. ; total operated ( In-
cluding one-half of Manchester and Keene RR.,
14.80 m.), 111.75 m. ; double track (main line,
26.75 m. ; branches, 15.16 m.), 41.91 m. ; total
track (steel, 257.73 m.), 276.49 miles. Rail, 60 to
72 Ibs.
HISTORY. — Chartered June 8. 1830 ; main line
opened June 26, 1835. The branches were ac-
quired on various subsequent dates as shown In
the Manual for 1886, page 167, and In the Manual
for 1888, page 8. Leased to the Boston and Maine
KR., for 99 years from April 1, 1887 ; annual
rental, 8 p. c. on capital stock, interest on bonds,
and $7.000 for maintenance of organization. The
Boston and Maine RR. assumed this company's
obligations under the leases of the railroads
whose statements are subjoined hereto and of the
Northern RR. and its proprietary lines. It is
provided that In the event of the termination of
the lease of this road to the Boston and Maine
RR. this company shall become entitled to the
remaining term of the lease of the Concord and
Montreal RR. Income Account year ending June
30, 1902. — Rental, $867,027. Payments : Mainte-
nance of organization, etc., $7,000 ; interest on
bonds, $337,675; dividends (Jan. and July, 4 p. c.
each), $522,352 — total. $867,027.
1(J. RAILROADS LEASED BY THE BOSTON AND MAINE RR. WHOSE OPERATIONS ARE IN-
CLUDED IN SECTION 5.
General Balance Sheet, June 30, 1902.
Capital Stock ($100 shares) $6,529,40000
Funded Debt (see General Index) —
Unpaid Dividends, incl. July 1, 1902. . .
Interest Unpaid
Miscellaneous
Interest Accrued, not due
Premium and Discount on Bonds
Profit and Loss
8,528,000 00
261,188 00
37,932 50
8.797 14
59,515 02
99,617 78
1,436,063 91
Total Liabilities $16.960.514 35
ADDITIONAL CAPITAL STOCK to the amount
of $70,000 has been authorized by votes of stock-
holders and directors, for the purpose of paying
the Boston and Maine RR. for amounts expended
by them for permanent additions to and improve-
ments upon the property of this corporation.
FUNDED DEBT consists of 14 Issues of de-
benture bonds maturing from May 1, 1903, to Jan.
1, 1921. An issue of 3% p. c. 20-yr. bonds to the
Cost of Road $12,057,69472
Cost of Equipment 833,583 94
Cash 13,44539
Due from Other Companies 776.68480
Stocks Owned 384,10550
Bonds Owned 2,895,000 00
Total Assets $16,960,514 35
amount of $250,000 has been authorized to provide
for the payment of an equal amount of bonds
maturing May 1, 1903, any excess of the proceed*
of the bonds not needed for this purpose to be
applied to permanent additions to and improve-
ments upon the property.
CORPORATE OFFICERS. — Walter C. Baylies.
Pres. ; Henry B. Cabot. Treas. & Clerk, Boston,
Mass. Office, Boston, Mass.
RAILROADS LEASED TO BOSTON AND LOWELL RR. CORP. ; LEASES ASSUMED BY BOSTON AND
MAINS RR.
Connecticut and Pa*nanipalc River*
RR — White River June., Vt., to Canada Line,
110.30 m. ; Massawlppl Valley Ry. (leased),
Canada Line to Lennoxvllle, Que., and branch.
35.46 m. — total, 145.76 m. ; total track, 193.D4
miles. Rail (steel, 190.64 m.) 56 to 75 Ibs.
Chartered Nov. 10, 1836 ; entire line opened
Oct. 14, 1863. Leased for 99 years, from Jan. 1,
1887, to the Boston and Lowell RR. Corp. ; yearly
rental, interest on bonds, 6 p. c. on capital stock
and $3,000 for organization expenses. The Massa-
wlppl Valley Ry., leased for 999 years from July
1, 1870, continues this line Into Canada to a Junc-
tion with the Orand Trunk Ry. This company
POOR'S MANUAL — BOSTON AND MAINE SYSTEM.
11
owns $400,000 capital stock of the M. V. Ry. Co..
on which the B. & L. pays dividends at the rate
of 6 p. c. a year.
Balance Sheet, June 30, 1902. — Capital stock
($100 shares), $2,500,000; funded debt (1st 4s of
April 1, 1943), $1,900,000; unfunded debt, $78,373;
income balance, $236,056 — total, $4,714,429. Contra :
Cost of road, $3,516,525 ; securities owned, $763,-
600 ; other assets, $434,304 — total, $4,714,429.
Amos Barnes, Pres., Boston, Mass. ; James H.
Williams, Treas., Bellows Falls, Vt. ; Henry C.
Cleveland, Sec., Coventry, Vt. Office, 95 Milk St.,
Boston, Mass.
Manchester and Keene RR. — Keene, N.
H., to Greenfield, N. H., 29.59 m. ; total track
(steel, 31.35 m.), 32.61 miles. Chartered June 22,
1864 ; road opened Nov. 29, 1878. Owned by the
Boston and Lowell RR. Corp., and the Concord
and Montreal RR. Co., each one-half. Operated
by the Boston and Maine RR. (See Manual for
1891, page 67.)
Mnssatvlppi Valley Ry. — Province Line
to Lennoxville, Que., 31.95 m. ; Stanstead June, to
Stanstead Plain, 3.51 m. — total, 35.46 m. ; total
track, 42.81 miles. Rail (steel, 42.63 m.), 50 and
60 Ibs. Trackage : Grand Trunk Ry., Lennox-
ville to Sherbrooke, Que., 2.95 miles.
Chartered 1862, road opened 1870. Leased for
999 years from July 1, 1870, to the Connecticut
and Passumpsic Rivers RR. Co., the lessee to pay
interest on bonds and dividends identical with
those paid to its own stockholders. (See Manual
for 1899, page 12.) Capital stock, representing
cost of road, $800,000.
William White, Pres., Sherbrooke, P. Q. ; John
G. Foster, Vice-Pres., Derby Line, Vt. ; 3.
Stevens, Sec., Stanstead, P. Q. ; J. H. Williams,
Treas., Bellows Falls, Vt. Office, Rock Island,
Quebec, Can.
Nashua and Lowell RR. — Lowell, Mass., to
Nashua, N. H., 14.50 m. ; 2d track, 14.50 m. ;
total track (steel, 40.49 m.), 41.87 miles.
Consol. (1838) of the Lowell and Nashua and
the Nashua and Lowell RR. Cos. Road opened,
Dec. 23, 1838. Leased for 99 years from Oct. 1,
1880, to the Boston and Lowell RR. Co., and lease
assumed by the Boston and Maine RR. The les-
see pays a yearly rental of $73,000, being 9 p. c.
on the capital stock, and $1,000 for organization
expenses.
Balance Sheet, June 30, 1902. — Capital stock
($100 shares). $800,000; dividends and matured
coupons unpaid, $4,919 ; profit and loss, $160.364 —
total, $965,273. Contra : Cost of road, $684,242 :
equipment, $218,213 ; cash and other assets, $62,788
— total, $965,273.
David P. Kimball, Pres. ; John Brooks, Treas. •
Alfred 8. Hall, Clerk. Office, 50 State St., Boston,
Mass.
Peterborough RR. — Wilton to Greenfield,
N. H., 10.50 m; total track (steel, 11.83 m.), 12.08
miles.
Chartered July 7, 1866, road opened Jan. 1, 1874.
On April 1, 1893, leased to Boston and Lowell RR.
Co., for 93 years, at a rental equivalent to 4 p. c.
on capital stock, taxes, and $300 per year for
organization expenses.
Balance Sheet, June 30, 1902. — Capital stock,
$385,000; income balance, $214,141 — total, $599.141.
Contra : Cost of road, $595.194 ; all other assets,
$3,947 — total, $599,141.
Virgil C. Oilman, Pres. ; Oilman C. Shattuck,
Treas. ; Harry W. Ramsdell, Sec. Office, Nashua,
N. H.
Stony Brook RR — North Chelmsford, Mass.,
to Ayer Junction, Mass., 13.16 m. ; total track
(steel. 17.49 m.), 18.92 miles.
Chartered March 26, 1845; road opened July 1,
1848. Leased to the Boston and Lowell RR. Co.
for 99 years from Jan. 1, 1890 ; annual rental, 7
p. C. on capital stock and $500 for organization
expenses.
Balance Sheet, June 30, 1902. — Capital stock
(?100 shares), $800,000; profit and loss, $1.012 —
total, $301,012. Contra: Cost of road, $276,601;
land in Mass., $21,492 ; cash and other assets,
$2,919 — total, $301,012.
George F. Richardson, Pres. ; Frank E. Dun-
bar, Treas. Office, Lowell, Mass.
IVllton RR — Nashua, N. H., to Wilton, N.
H., 15.50 m. ; total track (steel, 19.75 m.), 20.51
miles.
Chartered Dec. 28, 1844 ; road opened June 10,
1851. Leased to Boston and Lowell RR. Co. for
99 years from Oct. 1, 1883 ; yearly rental, 81 p. c.
on capital stock. Lease assumed by Boston and
Maine RR.
Capital stock paid in ($250,000 auth.). $240,000.
Cost of road, $228,353 ; depots and buildings,
$14.247.
H. A. Whiting, Pres. ; Isaac S. Whiting, Clerk,
Wilton, N. H. ; William E. Spaldlng, Treas.,
Nashua, N. H. Office, Nashua, N. H.
Railroads Leased ty the Boston and Maine RR. — Continued.
CONCORD AND MONTREAL, RR Nashua
to Groveton June., N. H., 181.07 m. ; Hookset to
Bow June., N. H., 7.59 m. ; Wing Road to Base
Station, N. H., 20.17 m. ; Manchester to Henniker,
N. H., 24.50 m. ; Lakeport to Alton Bay, N. H.,
17.28 m. ; Profile House to Bethelem, N. H., 12.84
m. ; PHtsfleld to Centre Barnstead, N. H., 4.46
m. ; Belmont June, to Belmont, N. H., 4.17 m. ;
Manchester to Milford, N. H., 18.54 m. — 290.62 m. ;
2d track, 35.27 m. ; 3d track, 1.35 m. ; total track,
465.57 miles. Rail (steel, 435.32 m.), 56 to 100 Ibs.
An electric branch is projected from Concord to
Nashua, N. H., and the section between Concord
and Manchester, 18 miles, was put in operation
Aug. 11, 1902. Proprietary roads : Nashua, Acton
and Boston RR. (see subjoined statement), 20.12
m. ; Whitefleld and Jefferson RR. ( see subjoined
statement), 33.69 m. — total, 53.82 miles. Leased
lines (see subjoined statements for termini) :
Concord and Portsmouth RR., 39.87 m. ; Frank-
lin and Tilton RR., 4.95 m. ; New Boston RR.,
5.19 m. ; Pemigewasset Valley RR., 22.93 m. ; Sun-
cook Valley RR., 17.41 m. — total, 90.35 miles. The
Manchester and Keene RR. (which see) is owned
Jointly by the Concord and Montreal RR. and the
Boston and Lowell RR. Corp.
HISTORY.— The Concord and Montreal RR. Is &
consolidation, Sept. 19, 1889, of the Boston, Con-
cord and Montreal RR. and the Concord RR. Cor-
poration. The constituent companies retain a
nominal corporate existence so as not to Impair
the validity of certain leases and contracts which
cannot legally pass to the consolidated corpora-
tion ; and so long as they continue corporations
the Concord and Montreal RR. is obliged to pay
to the Concord RR. Corporation $500 a year, and
to the Boston, Concord and Montreal RR. $300 a
year, for organization expenses. The railroads
owned, leased, and controlled by this corporation
are leased to the Boston and Maine RR. for 91
years from April 1, 1895, the lessee assuming all
liabilities of this company, and agreeing to pay
as rental dividends of 7 p. c. per annum on the
capital stock. The lease further provides, that In
the event of the termination of the lease of the
Boston and Lowell RR. to the Boston and Maine
RR. the former shall become entitled to the re-
maining term of the lease of the Concord and
Montreal RR. ( See Manual for 1902, page 10. )
At a special meeting, held April 8, 1903, the
stockholders voted to acquire the property of the
Concord Street Ry.. and to issue for that purpose
not exceeding 5,000 shares of capital stock. It
has been decided to issue at once 1,000 shares of
Class 4 stock.
12
POOR'S MANUAL OF RAILflOADS — XKW ENGLAND GROUP.
General Balance Sheet, June 30, 1902.
Capital Stock ( see below) $7,197,600 00
Funded Debt Outstanding...... 7.131,50000
'523 55
11.7X5 40
169.879 33
44,703 93
Dividends and Coupons Unpaid.
B. C. & M.. Organization Expenses —
B. & M. RR. Advances
B. & M. RR. Acct. C. & M. El. Br
Profit and Loss
Total Liabilities $14,557,277 21 Total Assets
Construction $11,363,166 30
Construction, C. & M. El. Br 250,879 33
Securities Owned l,34f.,S!M 'M
Other Permanent Investments '.^.m 94
Trustees C. & M. RR. 4 p. c. Bonds... 500,000 00
B. & M. Lessee, C. & M. Imp. Acct. ... 130,274 06
B. & M. Lessee, Manch. & Milf. Hr. . . . 1,432 63
B. & M. RR. Lease Acct 17,715 20
Pemigewasset Valley RR. Construe... 12,772 92
Whitefleld & Jefferson RR. Construe. . 11,029 34
Cash 1,61850
.514,557,277 21
CAPITAL STOCK Is divided into four classes —
Class 1, $800,000, having preference for dividends
up to 6 p. c. over Class 4. $5,397,600 ; Class 2, $540,-
400. having preference for dividends up to 6 p. c.
over Class 3, $459,600. Dividends on Classes 1 and
4 were payable from net earnings ; on 2 and 3,
from savings In interest under refunding plan.
All classes now receive 7 p. c. per annum, under
the lease to the B. & M. RR.
FUNDED DEBT outstanding on June 30, 1902,
consisted of $500 old 6 p. c. bond of B., C. & M.
RR. ; $500,000 B., C. & M. RR. Improvement mtge.
6s of July 1, 1911 ; $5,500,000 C. & M. RR. consol.
4s of June 1, 1920 ; $650,000 debenture 4s of June 1,
1920, and $400,000 ($500,000 auth.) debenture 3|s of
Dec. 1, 1920. The B., C. & M. RR. improvement
mtge. bonds are secured by first mortgage on the
line from Concord to Groveton June., N. H., and
on the branch from Wing Road to Base of Mount
Washington. The C. & M. RR. consols are se-
cured by first mortgage on the line from Nashua
to Concord, N. H., and are also secured on the
remainder of the property owned by the company
on June 2, 1890, but subject to the lien of the B.,
C. & M. improvement mortgage. The consol.
mtge. trustee (Boston Safe Deposit and Trust
Co.) holds $500,000 of the bonds for retirement of
prior liens. An issue of $1,000,000 3i p. c. deben-
tures has been authorized for the construction of
the electric line from Concord to Nashua, N. H.,
and $81,000 of the bonds were issued June 30, 1902.
SECURITIES OWNED. — Whitefleld and Jeffer-
son RR., 7,643 shares, $789,300 ; Pemigewasset Val-
ley RR., 381 shares, $38,100 ; Franklin and Tilton
Ry., 1,250 shares, $125,000; Suncook Valley RR.,
630g shares, $63,060; Mt. Washington Ry., 1,039
shares, $109,900; New Boston RR., 240 shares,
$24,000; stocks and bonds from B., C. & M. RR.,
$196,534.99 — total, $1,345,894.99.
OTHER PERMANENT INVESTMENTS. —
Nashua, Acton and Boston RR., $306,184.36 ; Man-
chester and Keene RR., $308,011.33 ; Pemigewasset
Valley Stage Line (J interest), $1,733.35; Pemi-
gewasset House, $83.435.30; Rindge's Wharf, Ports
mouth, $51,507.72; Mt. Washington Turnpike Co.,
$162.54; Fabyan Hotel Co., $171,459.34; Pemige-
wasset Valley RR., construction, $12,772.92;
Whitefleld and Jefferson RR., construction, $11,-
029.34 — total, $946,296.20.
CORPORATE OFFICERS. — BenJ. A. Kimball.
Pres. ; John F. Webster, Treas. ; Frank S.
Streeter, Clerk. Corporate OfBce, Concord, N. H.
LINES OWNED OR LEASED BY CONCORD AND MONTREAL RR. Co. ; OPERATED BY BOSTON AND MAINE
RR. UNDER THE LEASE OF JUNE 29, 1895.
Concord and Portsmouth RR. — Ports-
mouth to Manchester, N. H., 39.87 m. ; total track
(steel, 47.02 m.), 54.89 miles.
(For history see Manual for 1888.) Leased for
99 years from Jan. 1, 1862, to the Concord RR. Co.,
at a yearly rental of 7 p. c. on $350,000 capital
stock, and $500 for organization expenses.
J. J. Pickering, Pres., Portsmouth, N. H. ; W.
B. Stearns, Treas., Manchester, N^H. ; W. Hack-
ett, Clerk, Portsmouth, N. H. Office, Manchester,
N. H.
Franklin and Tilton RR Tilton to
Franklin June., N. H., 4.95 m. ; total track (steel,
6.93 m.), 8.67 miles.
Chartered Aug. 4, 1887 ; road opened June 1,
1892. Leased Oct. 8, 1895, to the Concord and
Montreal RR. Co., for 91 years from April 1, 1895,
at a rental of $1 a year. Lease assigned to the
Boston and Maine RR.
Balance Sheet, June 30, 1902. — Capital stock,
$250,000 ; unfunded debt, $13,905 — total, represent-
ing cost of property, $263,905.
The capital stock is owned, one-half by the
Concord and Montreal RR. and one-half by the
Northern RR., both of which are leased to the
Boston and Maine RR.
B. A. Kimball, Pres.. Concord, N. H. ; F. Proc-
tor, Treas. ; E. G. Leach, Sec., Franklin Falls,
N. H. Office, Franklin Falls, N. H.
\nnhua, Acton and Boiiton RR.— Nashua,
N. H., to Acton, Mass., 20.12 m. ; total track
(steel. 21.65 m.), 25.38 miles.
Chartered April 10, 1871 ; road opened July 1,
1873. Controlled by the Concord and Montreal
RR. Co. Operated by the B. & M. RR. under the
lease of the C. ft M. RR.
Balance Sheet, June 30, 1902. — Capital stock,
1600,000; funded debt (1st 6s of Oct. 1, 1894, inter-
est ceased), $500,000; unfunded debt, $709,983 —
total, $1,709,983. Contra : Cost of road, $1,057,031 ;
cash assets, $6,258 ; profit and loss, $646,694.
B. A. Kimball, Pres. ; J. F. Webster, Treas. &
Clerk. Office, Concord, N. H.
Nevr Boston RR. — Parker's Station, In
Goffstown, N. H., to New Boston, N. H., 5.19 m. ;
total track (steel, 5.40 m.), 6.02 miles.
Chartered Feb. 19, 1891 ; opened June 26, 1893.
Leased for 99 years from date of opening to the
C. & M. RR. Co. ; annual rental, 4 p. c. on $70,000
capital stock. Operated by the B. & M. RR. under
the lease of the C. & M. RR. Capital stock, rep-
resenting cost, etc., $84,000.
G. A. Wason, Pres., New Boston, N. H. ; J. F.
Webster, Treas. & Clerk, Concord, N. H. Office,
Concord, N. H.
Pemlecvraaset Valley RR — Plymouth to
Lincoln, N. H., 22.93 m. ; total track ( steel, 30.37
m.), 35.69 miles. Rail, 56 Ibs.
Chartered July 9, 1874 ; road opened March 1,
1883. Leased for 100 years from Feb. 1, 1882, to the
C. & M. RR. Co. Rental, 6 p. c. on stock and $300
for organization expenses. Operated by the B. &
M. RR. under the lease of the C. & M. RR.
Balance Sheet, June 30, 1902. — Capital stock
(auth., $2,000,000), $541,500 ; profit and loss, $414 —
total, $541,914. Contra : Cost of road, etc., $541,-
262; other assets, $652 — total, $541,914.
B. A. Kimball, Pres., Concord, N. H. ; J. F.
Webster, Treas. ; G. H. Adams, Clerk, Plymouth,
N. H. Office, Concord, N. H.
Sunooolv Valley RR. — Suncook to Pitts-
field, 17.41 m. ; total track, 21.54 miles. Rail
(steel, 17.83 m.), 67 Ibs.
Chartered July 1, 1863 ; road opened In 1863.
Leased for 42 years from Jan. 1, 1870, at a yearly
rental of 6 p. c. on $240,000 stock and $300 for
organization expenses.
Balance Sheet, June 30, 1902. — Capital stock,
$341,700; contribution, $8,696; income balance.
$365 — total, $350,761. Contra : Cost of road, etc.,
$348,199 ; cash, $2,562— total, $350,761.
H. A. Tuttle, Pres., Pittsfleld, N. H. ; W. M.
POOR'S MANUAL — BOSTON AND MAINE SYSTEM.
13
Parker, Treas. ; N. P. Hunt, Clerk, Manchester,
N. H. Office, Manchester, N. H.
Whitefleld and Jefferson RR. — White-
Held to Berlin, 30.21 m. ; Jefferson Meadows to
Jefferson, N. H., 3.48 m. — total, 33.69 m. ; total
track, 44.51 miles. Rail (steel, 42.85 m.), 50 and
56 Ibs.
Chartered July 11, 1878; road opened In July,
1879, and June, 1893. Stock all owned by the C. &
M. RU. Co. Operated by the B. & M. RR. under
the lease of the C. & M. RR. Capital stock ($100
shares), representing cost of road, etc., $789,300.
B. A. Kimball, Pros. ; J. F. Webster, Treas. A
Clerk, Concord, N. H. Office, Concord, N. H.
Railroads Leased by the Boston and Maine RR. — Continued.
CONNECTICUT RIVER RR Springfield,
Mass., to Keene, N. H., 74 m. ; Chicopee to
Chicopee Falls, Mass., 2.35 m. ; Mount Tom to
Easthampton, Mass., 3.50 m. — total, 79.85 m. ; 2d
track, 36 m. ; total track, 180.34 miles. Rail ( steel,
177.56 m.), 56 to 72 Ibs.
HISTORY. — Consolidation, Feb. 9, 1890, of the
Connecticut River RR. Co. and the Ashuelot RR.
Co. (see Manual for 1890, page 22). Leased to
the Boston and Maine RR., for 99 years from Jan.
1, 1893 ; annual rental, interest on bonds and on
scrip, 10 p. c. on capital stock and $2,000 for or-
ganization expenses.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $2,630,000; funded debt (see
below), $2,580,000; unfunded debt, $121,807 — total,
$5,331,807. Contra : Cost of property, $3,981,781 ;
stocks and investments, $603,207 ; other assets,
$552,544 ; profit and loss, $194,275 — total, $5,331,807.
FUNDED DEBT consists of $1,290.000 4 p. c.
scrip, payable Jan. 1, 1903, in bonds or in cash, at
option of company ; $1,000,000 4 p. c. gold bonds of
Sept. 1, 1943, and $290,000 3J p. c. bonds of Jan. 1,
1921.
The 4 p. c. scrip matured on Jan. 1, 1903, and Is
being paid off, the amount needed for its retire-
ment being provided from the proceeds of an Issue
of 969,000 3| p. c. 20-yr. bonds, maturing Jan. 1,
1923, and from available cash due from the lessee.
This company owns $486,700 of the capital stock
of the Vermont Valley RR., statement for which
see. Application has been made to the Legisla-
ture of Massachusetts for authority to purchase
the Vermont Valley RR.
CORPORATE OFFICERS. — W. Whiting, Pres.,
Holyoke, Mass. ; W. G. Mclntyre, Treas. & Clerk,
Springfield, Mass. Office, Springfield, Mass.
FITCHBURG RR. — Boston to Fitchburg,
Mass., 49.65 m. ; Greenfield, Mass., to Rotterdam,
N. Y., 105.25 m. ; Vermont to Troy, N. Y., 40.30
m. ; Ashburnham June., Mass., to Bellows Falls,
Vt., 53.85 m. ; Boston Ice Track, in Charlestown,
Mass., 0.66 m. ; West Cambridge to Waltham,
Mass., 6.63 m. ; South Acton to Marlborough,
Mass., 12.35 m. ; Ayer. Mass., to Greenville, N. H.,
23.64 m. ; Worcester to Winchendon, Mass., 35.74
m. ; Ashburnham to South Ashburnham, Mass.,
2.59 m. ; Winchendon, Mass., to Peterborough, N.
H., 15.93 m. ; Saratoga to Schuylerville, N. Y.,
25.82 m. ; Ayer, Mass., to Milford, N. H., 21.73
m. — total, 394.14 m. ; 2d track, 127.22 m. ; 3d
track, 3.90 m. ; 4th track, 2.02 m. ; total track,
779.15 miles. Rail (steel, 767.13 miles), 60, 72, 76,
and 85 Ibs. For list of equipment, June 30, 1900,
see Manual for 1901, page 5.
HISTORY. — This company is the outcome of
various consolidations, for particulars of which
see Manuals for 1890, 1893, and 1896. The property
is leased for 99 years from July 1, 1900, to the
Boston and Maine RR., the lessee assuming all
obligations of this company, and agreeing to pay,
as rental, dividends at the rate of 5 p. c. per
annum on the outstanding preferred stock and 1
p. c. per annum on the outstanding common stock,
together with $7,000 per annum for organization
expenses. In connection with the lease of this
road, the Boston and Maine RR. purchased the
$5,454,000 outstanding common stock of the com-
pany. The remainder of the $7,000,000 of common
stock, which was held in the treasury of the com-
pany, was turned over to the Boston and Maine
RR. under the terms of the lease. It Is provided
in the lease that stock of this company owned by
or held for the lessee shall not be voted at any
stockholders' meeting during the continuance of
the lease. The dividends under the lease are pay-
able quarterly on the 1st of Jan., April, July and
Oct.
General Balance Sheet, June 30, 1902.
Capital Stock, Pref. ($100 shares) ... .$17,360,000 00
Capital Stock, Common ($100 shares). 7,000,000 00
Funded Debt Outstanding (see below) 21,665,000 00
Current Liabilities 176,761 34
B. & M. RR. Lease, Improvements 540,660 90
Profit and Loss, Surplus 756,305 02
Total Liabilities $47,498,727 26
FUNDED DEBT outstanding on June 30, 1902,
consisted of the following : $573,000 T. & B. RR.
1st 7s of July 1, 1924 ; five issues, amounting to
$4,378,000, of F. RR. plain 5s maturity from April
1, 1903, to May 1, 1908 ; $100,000 B. & P. RR. plain
5s of Dec. 1, 1911; $500,000 F. RR. plain 4Js of
May 1, 1914 ; ten issues, amounting to $14,113,000,
of F. RR. plain 4s, maturing from March 1, 1903,
to Feb. 1, 1937 ; and $2,000,000 F. RR. plain 3Js of
Oct. 1, 1920-1921. During the year 1903, $2,432,000
bonds of this company will mature, as will $1,000,-
000 bonds of the Vermont and Massachusetts RR.
Construction Account $46,593,870 21
Investments ($391,347.49) :
Fitchburg RR., Preferred Stock
Fitchburg RR., Common Stock
J. P. Squire & Co
Windsor Co
Cash
Boston and Maine RR., Lessee 936,034 06
Boston and Maine RR., Rental 60,805 00
Accounts Due 601,826 64
67,924 79
305,907 62
l«,0»"i OS
1,450 00
14.843 W
Total Assets $47,498,727 26
Co., $228,000 of which latter this company is bound
by its lease to the Boston and Maine RR. to renew
by issue of its own bonds to the Boston and Maine
RR. Provision has been made for issuing $2,660.-
000 of bonds from time to time as needed to retire
the $2,432,000 of maturing Fitchburg RR. bonds
and to replace the $228,000 Vermont and Massa-
chusetts RR. bonds.
CORPORATE OFFICERS. — Moses Williams,
Pres. ; D. A. Gleason, Treas. ; Paul Crocker. Sec.
and Clerk, Boston, Mass. Office, Boston, Mass.
RAILROADS LEASED BY THE FITCHBUBG RR. Co. ; LEASES ASSUMED BY THE BOSTON AND MAINE RR.
FOR 99 YEARS FROM JULY 1, 1900.
Troy and Bennlngrton RR. — Hoosac June.
to Vermont State
(steel), 6.11 miles.
Line, 5.04 m. ; total track
Chartered May 27, 1851; opened Aug. 1, 1852.
Leased in perpetuity at an annual rental of $15,-
400, which provides for dividends at the rate of 10
p. c. per annum and the expense of maintaining
the organization.
Balance Sheet, June
30, 1902. — Capital stock
($100 shares). $150.800; income surplus, $90,078 —
total, $240,878. Contra: Cost of road. $236.963;
cash, $3,925— total, $240,878.
14
POOR 8 MANUAL OF RAILROADS — NEW ENGLAND GROUP.
Wm. F. Gurley. Pres. ; Paul Cook, Sec. A Treas.
Office, 614 Fulton St., Troy, N. Y.
Vermont and Maa«achn«etta RR. —
Fltchburg to Greenfield, Mass., 56.78 m. ; Turner's
Falls Branch, 2. SO m. — total, 68.68 m. ; 2d track,
66.78 m. ; total track (steel, 153.40 m.), 164.76
miles.
Consolidation of the Vermont and Massachu-
setts and the Brattleboro' and Fltchburg RRs.
Road opened April 15, 1849. Leased for 999 years
from Jan. 1, 1874 ; rental, interest on bonds, 6
p. c. on stock, and $3,000 for organization ex-
penses.
Balance Sheet, June 30. 1902. — Capital stock,
$3,193,000; funded debt (1st 5s of May 1, 1903),
$1,000,000; unpaid dividends, 110,731; Fltchburg
RR. Co. account improvements, $1,925,010 ; profit
and loss, $172,206 — total, $6,300,946. Contra : Cost
of road and equipment, $6,290,165 ; other invest-
ments, $10,781 — total, $6,300,946.
The company is bound by its lease to the
Fltchburg RR. Co. to renew $772,000 of its bonds
maturing May 1, 1903, by issuing an equal amount
of new bonds to the Fitchburg RR. Co. ; the re-
maining $228,000 must be replaced with an equal
amount of Fitchburg RR. bonds as explained in
the statement for that road.
C. E. Ware, Pres., Fitchburg, Mass. ; F. N.
Poor, Treas., Boston, Mass. ; C. E. Hatfleld, Sec.,
Newton, Mass. Office, 53 Devonshire St., Boston,
Mass.
Railroads Leased by the Boston and Maine RR. — Continued.
K i:\ Ni:i!l Mv AND KKVM'.llt "SKI-OUT
RR. — Kennebunk, Me., to Kennebunkport, Me.,
4.50 m, ; total track (steel, 4.96 m.), 6.40 miles.
HISTORY.— Organized Aug. 16, 1882; road
opened June 18, 1883. Leased for 99 years from
May 15, 1883, to the Boston and Maine RR.
Rental, 4J p. c. annual dividends on $65,000 capital
stock, which represents the total cost of road and
real estate.
CORPORATE OFFICERS.— J. A. Titcomb,
Pres. ; W. L. Dane, Treas. ; G. W. Bourne, Sec.,
Kennebunk, Me.. Office, Kennebunkport, Me.
LOWELL AND ANDOVER RR — Lowell to
Lowell June., 8.85 m. ; 2d track, 7,28 m. ; total
track, 22.28 miles. Rail (steel, 20.59 m.), 72 Ibs.
HISTORY. — Chartered Feb. 5, 1873; road
opened in Dec., 1874. Leased to the B. & M. RR.
for 99 years, from Dec. 1, 1874, at an annual rental
of $52,500.
INCOME ACCOUNT — Total income, year end-
ing June 30, 1902, $52,586. Paid expenses and taxes,
$169; dividends (8 p. c.), $50,000— total, $50,169.
Surplus, $2,417.
BALANCE SHEET. June 30, 1902.— Capital
stock (par, $100). $625,000; profit and loss, $145,-
509 — total, $770,509. Contra : Cost of road, $767,-
060; cash, $3,459— total, $770,509.
CORPORATE OFFICERS. — F. Ayer, Pres. ; A.
K. Chadwick, Treas. ; G. Hovey, Clerk. Office,
Lowell, Mass.
MANCHESTER AND LAWRENCE RR.—
Manchester, N. H., to Massachusetts Line, 22.39
m. ; total track (steel, 30.68 m.), 33.35 miles.
Rail, 60 to 75 Ibs.
HISTORY.— Chartered June 30, 1847; .road
opened Nov. 13, 1849. Leased to the B. & M. RR..
for 50 years from Sept. 1, 1887 ; yearly rental,
interest on bonds, 10 p. c. on stock, and $2,000 for
organization expenses.
BALANCE SHEET. June 30, 1902. — Capital
stock ($100 shares), $1,000,000; funded debt (real
estate 4s of Jan. 1, 1922), $274,000; unfunded debt,
$5,838; income balance, $136,714 — total, $1,416,552.
Contra : Cost of property, $1,279,069 ; stocks and
other investments, $5,300 ; other assets, $132,183 —
total, $1,416,552.
CORPORATE OFFICERS. — J. W. Sanborn,
Pres., Sanbornville, N. H. ; George H. Chandler,
Clerk & Treas., Manchester, N. H. Office, Man-
chester, N. H.
NEWBURYPORT RR — Bradford to New-
buryport, and Georgetown to Danvers, 26.98 m. ;
total track (steel, 30.30 m.), 31.82 miles. Rail.
and 75 Ibs. This railroad and the Danvers RI
are operated together as practically one line.
HISTORY. — Consol., Feb. 22, 1855, of the New-
buryport and the Danvers and Georgetown RRs. ;
the former opened in 1851, the latter in 1854.
Leased to the B. & M. RR. for 100 years from Feb.
21, 1860. The B. & M. RR. took up the bonds of
this company, at 70 p. c. of their face value, and
holds them in its treasury. This occasioned an
outlay of $225,000 by the lessee, besides which this
company became indebted to it in the further
amount of $75,000. At the expiration of the _
this total sum of $300,000, without interest, will be
repayable to the B. & M. RR.
FINANCIAL STATEMENT. — Capital stock,
$220,340; funded debt, $300,000; profit and los
$77,046 — total, representing cost of road, $597,38
The bonds of this company, all of which are
owned by the lessee, and for which the liability
of this company at the termination of the lease
is. as per contract, $300,000, are as follows : $3,900
dated Nov. 15, 1849, due Nov. 15, 1852; $30,200
dated Oct. 16, 1851, due Oct. 16, 1854 ; $113,100 dated
Dec. 15, 1852. due Dec. 15, 1857; $298,600 dated
March 1. 1855, due March 1, 1870— total, $445,000.
CORPORATE OFFICERS. — Lucius Tuttle,
Pres. ; H. E. Fisher, Treas. ; W. J. Hobbs, Aud. ;
W. B. Lawrence, Clerk. Office, Boston, Mass.
DANVERS RR — Wakefleld June, to Danvera,
Mass., 9.26 m. ; total track (steel ; 60 to 75 Ibs.),
11.70 miles. This railroad and the Newburyport
RR. are operated together as practically one line.
HISTORY. — Chartered March 15, 1852; road
opened May 10, 1854 ; leased May 30, 1853, for 100
years, to Boston and Maine RR., the lessee guar-
anteeing 6 p. c. on $125,000 bonds, now owned by
itself. No account of the interest is made In the
books of either company.
FINANCIAL STATEMENT.— Capital stock
(par, $100), $67,500; funded debt (coupon 6 p. c.
bonds, issued March 1, 1855, due March 1, 1875),
$125.000 ; unfunded debt, $25,000 ; profit and loss,
$22,178 — total, representing cost of road, etc..
$239,678.
CORPORATE OFFICERS. — Lucius Tuttle,
Pres. ; H. E. Fisher, Treas. ; W. J. Hobbs, Aud. ;
W. B. Lawrence, Clerk. Office, Boston, Mass.
NORTHERN RR — Concord, N. H., to White
River June., Vt, 69.60 m. ; Franklin to Bristol,
N. H., 13.41 m. — total, 82.91 m. ; total track, 111.89
miles. Rail (steel, 106.38 m.), 66, 72, and 80 Ibs.
HISTORY.— Chartered Dec. 27, 1844; road
opened Nov. 29, 1847. The Franklin and Bristol
RR. was acquired by consolidation Jan. 31. 1849.
(For Interest in Concord and Claremont and
Peterborough and Hillsborough RRs., see ap-
pended statements ; also Manual for 1890. )
Leased for 99 years from Jan. 1, 1890, to the
Boston and Lowell RR. Corp., and lease assigned
to the Boston and Maine RR. ; yearly rental, 6
p. c. on capital stock and $6,000 for expenses of
organization ; also, interest on the outstanding
bonds of the Concord and Claremont RR. and of
the Peterborough and Hillsborough RR. (see ap-
pended statements for those roads).
BALANCE SHEET. April 30, 1903. — Capital
stock ($100 shares), $3,068,400; dividends not
called for, $2,618; income balance, $23.008 — total,
$3,094,026. Contra : Cost of road, $3,068,400 ; Con-
cord & Claremont bonds, $16,688 ; cash, $8,938 —
total, $3,094.026.
CORPORATE OFFICERS. — A. W. Sulloway,
Pres.. Franklin Fallp, N. H. ; G. U. Crocker.
Treas., Boston, Mass. ; H. W. Stevens, Sec., Con-
cord, N. H. Office, 19 Milk St., Boston, Mass.
POOR'S MANUAL — BOSTON AND MAINE SYSTEM.
15
PROPRIETARY LINES OF
Concord and Claremont (>'. II.) RR. —
Concord, N. H.F to Claremont June., N. H., 56.3
m. ; Contoocookville to Hillsborough Bridge, 14.6
m. — total, 70.90 m. ; total track (steel, 77.26 m.),
83.28 miles. Rail, 62 Ibs.
Consolidation (Oct. 31, 1873) of the Merrimac
and Connecticut Rivers, the Sugar River and the
Contoocook River RRs. Controlled by the North-
ern RR. Co., which owns practically all of the
capital stock, and also owns $254,245.72 of the
floating debt. Operated since Jan. 1, 1890, by B.
& M. RR. ; rental, interest on bonds.
Balance Sheet, June 30, 1902. — Capital stock,
$412,400; funded debt (1st gold 4Js of Jan. 1. 1914),
$500,000 ; unfunded debt, $254,246 — total, $1,166.646.
Contra : Cost of road, $1,131,206 ; profit and loss,
$35,439 — total, $1,166,646.
A. W. Sulloway, Pres., Franklin Falls, N. H. ;
G. U. Crocker, Treas., Boston, Mass. ; G. W.
Stone, Sec., Andover, N. H. Office, 19 Milk St.,
Boston, Mass.
PeterborouKh and Hillsborough RR. —
Peterborough, N. H., to Hillsborough Bridge, N.
THB NORTHERN RR. Co.
H., 18.51 m. ; total track (steel, 19.14 m.), 2093
miles.
Chartered July 7, 1869; road completed July B,
1878. Operated under contract since Jan. 1, 1890,
by the B. & M. RR. Interest on 1st mtge. bonds
guaranteed under the lease of the Northern RR.
to the B. & M. RR. No interest paid on 2d mtge.
bonds, the entire issue being owned by the North-
ern RR.
Balance Sheet, June 30, 1902. — Capital stock
$45,000; funded debt ($100,000 1st 4Js of July 1.'
1917; and $65,000 2d 7s matured April 30, 1887,
Interest ceased), $165,000; gratuity, $8,626; cou-
pons accrued and unpaid, $112,181 — total, $330,807.
Contra: Construction, $209,298; Northern RR.,
$925 ; profit and loss, $120,584 — total, $330.807. The
stock and the 2d mtge. bonds are owned by the
Northern RR.
A. W. Sulloway, Pres., Franklin Falls, N. H. ;
G. U. Crocker, Treas., Boston, Mass. ; Barren
Shirley, Clerk, Franklin, N. H. Office, 19 Milk
St., Boston, Mass.
WORCESTER, NASHUA AND ROCHES-
TER RR. — Worcester, Mass., to Rochester, N.
H., 94.48 m. ; 2d track, 18.13 m. ; total track, 160.32
miles. Rail (steel, 150.19 m.), 58 to 60 Ibs.
HISTORY. — Consolidation, Dec. 1, 1883, of the
Worcester and Nashua and the Nashua and
Rochester RR. Cos. (See Manual for 1885, page
81.) Leased to the B. & M. RR., for 50 years from
Jan. 1, 1886 ; rental, $250,000 a year.
INCOME ACCOUNT. — Total income, year end-
ing June 30, 1902. $250,063. Expenses, $2,252; in-
terest on bonds, $71,040 ; interest and discount,
$2,456; dividends (5 p. c.), $153,220 — total, $228,-
968. Surplus, $21,095.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $3,099,800; funded debt (see
below), $1,776,000; unfunded debt, 45,000; other
liablities, $31,840 — total, $4,952,640. Contra: Cost
of road and equipment, $4,553,921 ; other invest-
ments, $35,400 ; cash, $37,617 ; profit and loss,
$325,702 — total, $4,952,640.
FUNDED DEBT. — $150,000 4s of Jan. 1, 1906;
$735,000 let 4s of Jan. 1, 1930; $511,000 1st 4s of
Jan. 1, 1913 ; and $380,000 1st 4s of Oct. 1. 1$34.
CORPORATE OFFICERS. — G. G. Haven, Pres..
New York, N. Y. ; C. H. Bowen, Treas. & Clerk,
63 State St., Boston, Mass. Office, Boston, Mass.
17. Board of Directors, Boston d Maine RR., elected October 8, 1902.
Lucius Tuttle Boston, Mass
8. C. Lawrence. Medford, Mass.
Richard Olney — Boston, Mass.
A. W. Sulloway.Franklin, N. H.
Jos. H. White. Brookline, Mass.
W. Hunnewell.Wellesley, Mass.
Henry R. Reed... Boston, Mass.
H. M. Whitney.Brookllne, Mass.
H. F. Dimock..New York, N. Y.
Wm. Whiting... Holyoke, Mass.
C. M. Pratt.... New York, N. Y.
L. C. Ledyard.New York, N. Y
Alexander Cochrane Boston, Mass.
Lucius TUTTLE, President Boston, Mass.
1st Vice-Pres. — T. A. Mackinnon.. .Boston, Mass. I Compt.&Gen.Aud. — Wm. J. Hobbs. .Boston, Mass.
2d Vice-Pres. — W. F. Berry " " | Treasurer — Herbert E. Fisher
Clerk — William B. Lawrence Boston, Mass.
PRINCIPAL OFFICE AND ADDBESS Causeway Street, Boston, Maw.
BOSTON AND MAINE! SYSTEM.— Railroads Operated by the Boston and Maine
RR. as Agent for the Owners.
SULLIVAN COUNTY RR.— Bellows Falls, Vt., to Windsor, Vt., 26 m. ; 2d track,
17.4 m.; total track (steel; 56 to 72 Ibs.), 51.08 miles. Gauge, 4 ft. 8y2 in.
History.— Chartered July 10, 1846; opened Feb. 5, 1849. Controlled by the
Vermont Valley RR. through ownership of entire capital stock. Operated by the Bos-
ton and Maine RR., as agent. (See MANUAL for 1896, page 418.) The track of the
C. V. RR., between Connecticut River Bridge and Windsor, 1 m., is used under contract
Rolling Stock.— June 30, 1902. — Locomotives, 9; freight cars (box), 40.
Operations, year ending June 30, 1902.— Train mileage— passenger, 76,022 ; freight,
130,213; other, 90,165 — total, 296,400 miles. Passengers carried — 219,279; carried one
mile, 4,376,501; average mile rate, 2.225 cents. Tons freight moved, 880,290; moved
one mile, 20,425,142; average ton-mile rate, 0.938 cent.
Earnings— Passenger $ 97,388 72
Freight 194,934 67
Mail and Express 11,093 93
Misc., Extra Bag. & Storage. . 1,780 81
Total ($11,738.39 per mile) $305,198 13
$51,166 1(
. 49,940
Conducting Transportation... 129,388 1
7.682 76
Expenses— Maint. of Way and Struc...
Maintenance of Equipment.
General
Total ( $9.160.67 per mile) ............. $238.177 2»
Net earnings (21.96 p. c.), $67,020.84; add rent receipts, $626.92— total, $67,647.78.
Payments: Interest on bonds, $14,280; taxes, $13,312.96; dividends (Oct. 1, 1901, and
April 1, 1902, 4 p. c. each), $40,000— total, $67,592.96. Surplus, $54.80; surplus forward,
$131,268.02— total, $131,322.82.
16
POOR'S MANUAL OF RAILROADS — NEW ENGLAND CROUP.
General Balance Sheet, June 30, 1902.
Cost of Road $888,756 37
Cost of Rolling Stock 98.175 10
Mill Brook Bridge 11.688 70
Double Track 36,200 00
Capital Stock ($100 shares) $500,00000
Funded Debt (1st 4s of April 1. 1924).. 357,000 00
Vermont Valley RR. Co. of 1871 21,150 67
Accrued Interest not yet Due 3,570 00
Boston and Maine RR 21,775 68
Profit an* Loss 131.322 82
Total Assets $1.034,819 17 Total Liabilities....; $1.034,819 17
Directors (elected May 29, 1902.)— J. H. Albin, H. A. Albin, Concord, N. H., J. fl.
Williams, Bellows Falls, Vt.; Geo. H. Stowell, Claremont, N. H.; Geo. W. Abbott, Pena-
cook, N. H. ; Geo. E. Anderson, Nashua, N. H. ; A. T. Batchelder, Keene, N. H. OFFICERS :
JOHN H. ALBIN, Pres.; H. A. Albin, Clerk d Trees., Concord, N. H.; H. E. Fisher, Asst.
Trees., Boston, Mass. CORPORATE OFFICE, Concord, N. H. Operating Office, Boston, Mass.
VERMONT VALLEY RR.— Bellows Falls, Vt., to Brattleboro', Vt., 2 m. ; 2d track.
3.62 m.; total track (steel; 56 to 72 Ibs.), 33.50 miles. Gauge, 4 ft. 8l/2 in.
History. — Vermont Valley RR. Co. chartered Nov. 8, 1848, and road opened in
1851. Vermont Valley RR. Co. of 1871 got possession of property April 5, 1877. Name
changed to Vermont Valley RR. by act of the Vermont Legislature, approved Oct. 27,
1902. Controlled in the interest of the Connecticut River RR. Co., and operated by the
Boston and Maine RR., as agent. (See MANUAL for 1896, page 419.) This company
owns all the capital stock of the Sullivan County RR. (See preceding statement; also
MANUAL for 1891, page 560.)
Rolling Stock, June 30, 1902. — Locomotives, 9. Cars — passenger, 4; baggage, 1;
freight, (box, 61; flat, 32; coal, 50), 148; service, 6— total 154.
Operations, year ending June 30, 1902. — Train mileage — passenger, 72,369; freight,
97,784; other, 55,760 — total, 225,913. Passengers carried, 201,414; carried one mile,
4,209,891; average mile rate, 2.210 cents. Tons freight moved, 698,389; moved one mile,
16,545,655; average ton-mile rate, 0.974 cent.
Expenses — Maint. of Way and Struc... $76,171 82
Maintenance of Equipment. 37,249 41
Conducting Transportation.. 95,263 38
General Expenses 3,926 03
Total ($11,241.26 per mile) $269,79024 Total ($8,858.78 per mile) $212,61064
Net earnings (21.194 p. c.), $57,179.60; add rent of lands, etc., $1,499.99; dividends
on stocks owned, $48,000 — total, $106,629.59. Payments: Interest on bonds, $40,000;
dividends, Jan. 1 and July 1, 3 p. c. each), $60,000; taxes, $6,569.06— total, $106,569.00.
Surplus, $60.53; surplus forward, $122,484.30 — total, $122,544.83. Deduct proportion of
expenditures for double track, $26,000. Balance surplus, June 30, 1902, $96,544.83.
General Balance Sheet, June 30, 1902.
Earnings — Passenger $93,018 46
Freight 164,71362
Mail and Express 10,239 56
Misc., Extra Baggage 1,81860
Cost of Road and Real Estate $985,372 22
Double Track 31,198 57
Cost of Rolling Stock 96,959 07
Stock Sullivan Co. RR. Co., 5,000
shares 800,00000
Sullivan County RR 21,150 67
Capital Stock ( $50 shares) $1,000,000 00
Funded Debt (1st 5s of Oct. 1, 1910) .... 800,000 00
Dividend No. 46, due July 1, 1902 30,000 00
Vouchers and Accounts 8,13570
Profit and Loss 96,544 83
Total Assets $1,934,680 53 Total Liabilities $1,934,680 53
Directors (elected Oct. 1, 1902J — James H. Williams, John H. Williams, Bellows
Falls, Vt.; John H. Albin, Concord, N. H.; Hugh Henry, Chester, Vt.; H. E. Folsom,
Lyndonville, Vt.; W. B. C. Stickney, Bethel, Vt.; H. B. Viall, Keene, N. H. OFFICERS:
JAMES H. WILLIAMS, Pres.; John H. Williams, Clerk & Trees., Bellows Falls, Vt. ; H. E.
Fisher, Asst. Trees., Boston, Mass. CORPORATE OFFICE, Bellows Falls, Vt. Operating
Office, Boston, Mass.
YORK HARBOR AND BEACH RR.— Kittery to York Beach, Me., 11.17 m.; spur
to U. S. Navy Yard, 0.34 m.— total, 11.51 m.; total track 12.61 miles. Gauge, 4 ft Sy2 in.
Rail (steel, 11.78 m.), 60 Ibs.
History. — Organized in 1886; opened August 8, 1887. The equipment is hired
from the Boston and Maine RR. The road was not operated from December 29, 1901, to
April 28, 1902.
Operations, year ending June 30, 1902. — Train mileage — passenger, 21,324; freight,
5,954— total 27,278 miles. Passengers carried, 101,046; carried one mile, 738.552. Tons
freight moved, 16,454; moved one mile, 98,294. Earnings — passenger, $18,942.82; freight,
$11,221.11; other, $754.93— total, $30,918.86. Operating expenses, $29,905.84. Net earn-
ings, $1,013.02; other receipts, $1,211.01— total, $2,224.03. Paid taxes, $437.57. Surplus,
$1,786.46; surplus forward, $27,962.52— total, $29,748.98.
POOR'S MANUAL OP RAILROADS. 17
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $300,000- profit
and loss, $29,748.98 — total, $329,748.98. Contra: Cost of road, $300,000; cash and other
assets, $29,748.98— total, $329,748.98. The Boston and Maine RR. owns $248,550 of the
capital stock.
Directors (elected Oct. 22, 1902).— Lucius Tuttle, Henry R. Reed, Boston, Mass.;
S. C. Lawrence, Medford, Mass.; J. E. Staples, York Village, Me.; E. S. Marsha'll, York
Harbor, Me.; George P. Wescott, Portland, Me.; S. W. Junkins, York Corner, Me.
OFFICERS: Lucius TUTTLE, Pres.; H. E. Fisher, Trees., Boston, Mass.; F. D. Marshall,
Clerk, Portland, Me. GENERAL OFFICE, Boston, Mass.
CENTRAL VEEMONT RAILWAY COMPANY.
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (290.1 miles).
Main Line: St. Johns, P. Q., to Windsor, Vt 177.5 miles.
Burlington Branch : Essex Junction to Burlington, Vt 8.0
House's Point Branch: Swanton Junction, Vt., to Rouse's Point, N. Y 17.7
Williamstown Branch: Montpelier Junction to Williamstown, Vt 14.9
Cambridge Branch: Essex Junction to Cambridge Junction, Vt 26.0
Richford Branch : St. Albans to Richford, Vt 28.0
Frelighsburg Branch : Farnham to Frelighsburg, P. Q 18.0
B. LEASED LINES (total, 159.5 miles).
Stanstead, Shefford and Chambly RR.: S. S. & C. June, to Waterloo, P. Q.. 40.8
Montreal and Province Line Ry.: (see appended statement, Sec. 8.) 40.6
O. LEASED LINES (total 159.5 miles) .
New London Northern RR. (see appended statement) 123.5
Brattleboro and Whitehall RR. : (see appended statement) 36.0
Total length of lines operated, June 30, 1902 531.0 miles.
2d track, 6.2 m. ; sidings, etc. (owned, 105.9 m.; leased, 47.4 m. ), 153.3 miles. Gauges,
4 ft. 8l/2 in. and (B. & W. RR., 36 m.) 3 ft. Rail (steel, 682.2 m.), 56, 72, 75 and 80 Ibs.
2. History. — Reorganization, effective May 1, 1899, of the Central Vermont RR.
Co. (see MANUAL for 1899, page 732). The Frelighsburg Branch, to aid in the con-
struction of which the Dominion Government granted a subsidy of $3,200 a mile, was
opened for traffic Nov. 10, 1901. The company owns all the stock and about four-fifths
of the bonds of the Stanstead, Shefford and Chambly Ry. Co., and all the stock of the
Montreal and Province Line Ry. Co. In time both of the companies named will be merged
with the Central Vermont Ry. Co.
3. Properties TJsed Jointly with Other Companies. — The line from White River
Junction to South Vernon, Vt., made up of the Central Vermont Ry. from White
River Junction to Windsor, the Sullivan County RR. from Windsor to Bellows Falls,
the Vermont Valley RR. from Bellows Falls to Brattleboro, and the New London North-
ern RR. from Brattleboro to South Vernon, is used jointly by this company and the
Boston and Maine RR., under an agreement effective October 1, 1900. The bridge over
Lake Champlain from West Alburgh to Rouse's Point is owned jointly by this company
and the Rutland RR. Co. This company has joint use of the terminal facilities in Rouse's
Point of the Delaware and Hudson Co. and of the Grand Trunk Ry. Co. The Rutland
RR. Co. uses this company's tracks, lands, and passenger station at Burlington, Vt.,
at a rental of $7,000 a year.
4. Rolling Stock, June 30, 1902. — Locomotives, 94. Cars — coaches, 62; combina-
tion, 30; baggage, mail, and express, 21; freight (box, 1,015; flat, 591; stock, 23; coal,
327), 1,956; service, 176 — total, 2,245. Of this equipment, 3 locomotives, 30 box cars,
48 flat cars and 1 snow-plow are narrow-gauge.
5. General Income Account, year ending June 30, 1902.
Expenses— Maint. of Way andStruc... $417.774 08
Earnings— Passenger 935,801 19
Freight and Live Stock 2,285,100 04
Mall and Express 140,33290
Miscellaneous 45,19773
Total ($6,640.22 per mile) $3,406,431
Maintenance of Equipment. 301,369 94
Conducting Transportation. 1,829,767 f
General Expenses 93.410 24
Total ($5,150.72 per mile) $2,642,82177
Net earnings, (22.43 p. c.), $764,110.09; add interest on securities held by the com-
18
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
pany, $10,560 — total, $774,670.09. Payments: Interest on bonds, $446,209.76; rentals of
leased lines, $221,552.48; taxes, $103,808.91— total, $771,571.15. Surplus, $3,098.94.
Included in operating expenses for the year ending June 30, 1901, were $199,760.42,
and for the year ending June 30, 1902, $139,378.53, of extraordinary expenditures for
improvements, new steel bridges, rails, etc. Similar expenditures for the year ending
June 30, 1900, amounted to $375,305.81, and for the months of May and June, 1899,
$51,460.36; making a total expenditure for improvements since the reorganization,
charged against income, $765,905.12. In addition to th'is amount there were expended
from improvement fund, $83,830.69 for new bridges, and $58,815.25 for new steel rails,
a total of $142,645.94.
<>. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $13,825,839 85
Bonds Deposited with Trustee 1,000,000 00
Materials and Supplies 145,888 62
Cash on Hand and in Transit 143,393 53
Investment in Bonds 267,779 68
Sundry Accounts Collectible 376,757 16
Advances Fast Freight Line 9,950 00
Frelighsburgh Extension 11,956 07
Capital Stock ($100 shares) $3,000,00000
Funded Debt (see Section 7) 12,000,000 00
Interest Due 8,973 00
Interest Accrued not Due 76,372 40
Taxes Accrued not Due 56,979 29
Sundry Accounts Payable 532,83231
Notes Payable 100,000 00
Profit and Loss 6,902 91
Total Assets $15,781,059 91 Total Liabilities $15,781,059 91
7. Fnnded Debt. — Funded debt consists of 1st gold 4s of May 1, 1920. The amount author-
ized by the mortgage and shown as a liability on the general balance sheet is $12,000,000, but
there are only $11,000,000 of bonds outstanding, $1,000,000 being reserved in the hands of the
trustee to be issued only for betterments and improvements under proper restrictions. The bonds
are secured on the entire property and assets of the company. The bondholders have the privilege of
electing three members of the board of directors, and for that purpose voting power attaches to the
bonds — one vote for every $100 thereof.
The Grand Trunk Ry. Co. owns more than S2.000.000 of the capital stock, and guarantees the
Interest on the bonds under a traffic contract by the terms of which it agrees to provide for any
deficiency up to an amount equal to 30 p. c. of the gross receipts from business interchanged between
It and this company.
8. Statement of operations, etc., for seven fiscal years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles Rd. Oper.(aver.)
Passenger Train Miles.
Freight Train Miles. . .
Passengers Carried. . .
Passenger MileaT'. .
Freight (tons) Moved .
Freight (ton) M les . .
Passenger Earnings. . .
Freight Earnings
Mail & Exp. Earnings.
637.0
1,666,846
2,395,198
2,512,428
62,130,639
3,223,597
380,218,212
S
1,371,648
2,991,505
197,045
122,745
510.5
1,291,189
1,946,943
1,836,554
44,751,078
2,996,374
324,614,730
S
997,423
2,460,659
155,472
88,739
510.5
1,110,272
1,436,961
1,726,156
40,171,202
2,844.037
247,408,978
S
921,289
2,064.025
135,497
96,707
510.5
1.121,088
1,300,433
1,603,552
42,600,024
2,801,721
237,836,511
S
926,872
2,001,410
136,460
86,566
513.0
1,056,069
1,424,111
1,601,726
43,707,921
2,658,925
252,551,609
S
970,387
2,229.552
137,543
45,241
513.0
1,131,767
1,515,122
1,505,943
42,594,685
2,638,779
248,896,794
S
952,217
2,141,011
139,513
41,414
524.5
1,107,045
1,710,595
1,521,526
41,814,796
2,803,580
268,223,086
S
935,801
2,285,100
140,333
45,198
Tot. Traffic Earnings
Operating Expenses.. .
Net Earnings
4,682.943
3,208,927
3,702,293
2,997,154
3,217,518
2,584,509
3,151,308
2,405,870
3,382,723
2,497,513
3,274,155
2,507,155
3,406,432
2,642,322
1,474,016
7,»51.56
5,037.56
2,314.00
68.52 p. c.
2.21 c.
0.79 c.
705,139
7,252.29
5,871.02
1,381.27
80.95 p. c.
2.23 c.
0.76 c.
633,009
6,302.68
5,062.70
1,239.28
80.33 p. c.
2.29 c.
0.83 c.
745,438
6,172.98
4,712.77
1,460.21
76.35 p. c.
2.18 c.
0.84 c.
885,210
6,594.00
4,869.23
1,724.77
73.83 p. c.
2.22 c.
0.88 c.
767,000
6,382.37
4,887.24
1,495.13
76.58 p. c.
2.24 c.
0.86 c.
764,110
6,494.63
5,037.79
1,456.84
77.67 p. c.
2.24 c.
0.85 o.
Gross Earnings p.Mile
Gross Exp. per Mile. . .
Net Earnings per Mile.
Expenses to Earnings.
Av. Rate p. Pass. p. M .
Av.Rate p.Ton p.Mile.
9. RAILROADS OWNED BY THE
MONTREAL AND PROVINCE LINE
RY. — St. Lambert to Farnham, Que., 32 m. ;
Marieville to St. Cesaire, Que., 8.6 m. — total, 40.6
m. ; total track, 42 miles. Rail (steel, 32 m.), 38
and 56 Ibs. Successor to the Montreal, Portland
and Boston RR. Co., sold under foreclosure March
2.1896. (See Manual for 1897, page 339.) Capital
stock, $1,000,000; government (P. Q. bonus), $231,-
122; municipal aid, $25,000 ; bonded debt (see 1st
gold 4s of Oct. 1, 1950), $200.000 — total, $1,456,122.
The Central Vermont Ry. Co. owns the capital
stock and guarantees the bonds both as to prin-
cipal and interest. The C. V. Ry. Co. receives a
rental of $1,500 a year for the privilege of allow-
ing certain telegraph poles to be placed on the
CENTRAL VERMONT RY. Co.
right of way, reducing the annual payment on
account of this road to $6,500.
STANSTEAD, SHEFFORD AND CHAM-
BLY RR. — St. Johns to Waterloo, Que., 43 m. ;
sidings, etc., 2 miles. Rail (steel, 31 m.), 60 Ibs.
Chartered in 1853; opened in 1858-1861. (See
Manual for 1898, page 355.) The C. V. Ry. Co.
owns all of the capital stock ($500,000) and about
four-fifths of the bonds ($800,000). The holders
of the remaining bonds have agreed to accept in-
terest at the rate of 4 p. c. per annum on a prin-
cipal of $155,865.20. (See Manual for 1900, page
17.) S. W. Foster, Pres., Knowlton, Que.; 0. H.
Parmelee, Sec. & Treas., Waterloo, Que.
POOR'S MANUAL OF RAILROADS.
19
1O. RAILEOADS LEASED BY THE CENTRAL VERMONT RY. Co.
NEW LONDON NORTHERN RR New
London, Conn., to Brattleboro', Vt., 121 m. ; Mont-
ville to Palmertown, Conn., 2.5 m. ; • total track,
160.02 miles. Rail (steel, 123.5 m.), 57, 58 and 60
Ibs.
HISTORY. — Reorganization in 1859 of the New
London, Willimantic and Palmer RR. Co. (See
Manual for 1888, page 56.) Leased to the Central
Vermont Ry. Co. for 99 years, from Dec. 1, 1891 ;
rental, $213,552.50 a year in monthly installments.
The lease includes the Brattleboro' and Whitehall
RR. (See appended statement.)
INCOME ACCOUNT. — Rental, year ending June
30, 1902, $213,552 ; other receipts, $562 — total, $214,-
114. Expenses, $4,973 ; interest on bonds, $68,120 ;
interest on loans, $1,000 ; dividends (9 p. c.), $136,-
000 — total, $209,093. Surplus, $5,021; surplus for-
ward, $505,417—total, $510,438.
BALANCE SHEET, June 30. 1902. — Capital
stock ($2,000,000 auth. ; $100 shares), $1,500,000;
funded debt ($812,000 consol. 5s and $688,000 consol.
4s, of July 1, 1910), $1,500,000; unfunded debt,
$23,064; profit and loss, $510,438 — total, $3,533,502.
Contra : cost of road and equipment, $3,313,050 ;
bonds, B. & W. RR., $150,000 ; steamboat property,
$5,000; other assets, $65,452 — total, $3,533,502.
CORPORATE OFFICERS. — Robert Colt, Pres.
& Iteas. ; J. A. Southard, Sec. Office, New Lon-
don, Conn.
RAILROAD LEASED TO
Brattleboro' and Whitehall RR. —
Brattleboro' to South Londonderry, Vt., 36 m. ;
total track, 40 miles. Gauge, 3 ft. Rail (steel, 17
m.), 36 and 40 Ibs.
Reorganization in 1876 of the West River RR.
Co. ; opened Nov. 3, 1879. Leased in Feb., 1880,
for 99 years, to the New London Northern RR.
Co. ; rental, interest on the bonds, all of which
THE N. L. N. RR. Co.
are held by the lessee, together with $600 for ter-
minals and $400 for organization expenses. Loco-
motives, 4 ; passenger cars, 6 ; freight cars, 104.
Capital stock, $200,000; funded debt (1st 6s due
1900), $150,000; floating debt, $60,000 — total, repre-
senting cost of property, $410,000.
C. F. Thompson, Pres. ; J. L. Martin, Sec. ; C.
H. Thompson, Treas. Office, Brattleboro'. Vt.
Chas. M. Hays... Montreal, Que.
E. H. Fitzhugh..St. Albans, Vt.
John Bell Belleville, Ont.
E. C. Smith St. Albans, Vt.
W. S. Webb Shelburne, Vt.
Albert Tuttle. ..Fair Haven, Vt.
Henry B. Day Boston, Mass.
J. L. Martin... Brattleboro', Vt.
11. Board of Directors, Central Vermont Ry. Co., elected October 14, 1902.
C. P. Smith Burlington, Vt.
Ezra H. Baker Boston, Mass.
S. E. Kilner. ..New York, N. Y.
J. G. McCullough N. Bennington, Vt.
John W. Stewart Mlddlebury, Vt.
CHARLES M. HATS, President St. Albans, Vt.
E. H. Fitzhugh, Vice-President & Gen. Manager " "
Treas. & Clerk — W. H. Chaff ee St. Albans, Vt. Auditor — W. G. Crabbe St. Albans, Vt.
PRINCIPAL OFFICE AND ADDRESS St. Albans, Vt.
MAINE CENTRAL RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS or SECTIONS.
Capitalization of System 12
Capital Stock 8
Directors and Officers 14
Earnings, etc., year 1902 6
Funded Debt, Details of 9
Gen. Bal. Sheet, June 30, 1902 7
Guaranteed Bonds 10
History 3
Income Account, year 1902... 6
Leased Lines, Statements of. 13
Marine Equipment 2&5
Mileage Operat'd.June 30,1902. 1
Operat'ns.etc., years 1895-1902. 4
Rentals in Detail 12
Rolling Stock 5
Securities Own'd.June 30,1902. 11
Water Lines 2
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 394.77 miles).
Main Line: Portland, Me., to Bangor, Me 136.60 miles.
Bat h Branch : Brunswick, Me., to Bath, Me 8.90
Waterville Branch: Cumberland Junction, Me., to Skowhegan, Me 91.20
Farmington Branch: Brunswick, Me., to Farmington, Me 62.60
Lewiston Branch: Crowley's Junction, Me., to Lewiston, Me 4.80
Mt. Desert Branch: Brewer Junction to Mt. Desert Ferry 41.13
Cobbosseecontee Branch: Gardiner Junction to Copsecook Mill, Me 1.15
Rockland Branch: Woolwich to Rockland Wharf, Me 48.39
B. LINES LEASED (total, 421.06 miles).
Belfast and Moosehead Lake RR.: Burnham Junction to Belfast, Me 33.13
Dexter and Netvport RR. : Newport to Dexter, Me 14.23
Dexter and Piscataquis RR.: Dexter Junction to Foxcroft, Me 16.54
Eastern Maine Ry.: Bangor Junction to Bucksport, Me. 18.80
European and N. American, Ry. (see statement in Section 13) 120.34
Portland and Ogdensburg Ry. (see statement in Section 13) 109.84
Upper Coos RR.: Quebec Junction, N. H., to Canada- Vermont Line 55.33
Hereford Ry: Canada- Vermont Line to Lime Ridge, P. Q 52.85
Total length of railroad operated, June 30, 1902 815.83 miles.
2d track (owned, 32.8 m. ; leased, 8.0 m.), 40.8 m. ; sidings (owned, 149.11 m. ; leased,
113.86 m.), 262.97 miles. Total track (owned, 576.68 m.; leased, 542.92 m.), 1,119.60
miles. Gauge, 4 ft. 8y2 in. Rail ( steel— owned, 560.47 m.; leased, 523.06 m.— total,
1,083.53 m.), 56, 67, and 75 Ibs.
20
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
2. Water Lines. — A regular marine service for distributing and collecting summer
travel is maintained between the road's terminus at. Rockland and Islesboro and Cas-
tine; also between the terminus of the Bar Harbor 'Branch at Mt. Desert Ferry and
Hancock Point, Sorrento, Sullivan, Bar Harbor, Northeast Harbor, Seal Harbor, and
Southwest Harbor. In 1901 the company added to its fleet used in this service the
steamboat Pemaquid, at a cost of $50,000, and in 1902 it built and put in operation
the steamboat Norumbega, costing $62,000. The fleet now consists of the Sappho, 137
tons; the Sebenoa, 44 tons; the Pemaquid, 225 tons; and the Norumbega, 142 tons.
The company also operates a steam ferry across the Kennebec River between Bath and
Woolwich, which supplies a connection between the Bath Branch and the Rockland
Branch. The company controls the Portland, Mt. Desert and Machias Steamboat Co.
31. History— Consolidation, Oct. 28, 1862, of the Androscoggin and Kennebec RR. Co.
and the Penobscot and Kennebec RR. Co. The Portland and Kennebec RR., the Somer-
set and Kennebec RR. and the Leeds and Farmington RR. were absorbed on Nov. 16,
1874; the Maine Shore Line RR. (Mt. Desert Branch) in 1888, and the Knox and Lincoln
Ry. (Rockland Branch and Woolwich Ferry) in Feb., 1901. (See MANUAL for 1885, page
6; MANUAL for 1890, page 38; and MANUAL for 1901, page 17.) The old Knox and
Lincoln RR. Co. (see MANUAL for 1892, page 358) retained a nominal corporate exist-
ence until Aug 9, 1901, when it was absolutely dissolved by a decree of the Supreme
Judicial Court of Maine, its powers passing to the Maine Central RR. Co.
4. Statement of operations and income for seven fiscal years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles Rd. Oper. (aver)
Passenger Train Miles.
Freight Train Miles. . .
Mixed Train Miles
813.95
1,756,093
1,498,204
813.95
1,725,630
1,455,814
813.95
1,699,999
1,400,279
814.68
1,739,415
1,514,095
814.68
1,817,544
1,550,842
815.83
1,812,819
1,275,559
136,390
815.83
1,845.378
1,322,013
139,003
Revenue Train Miles. .
Passengers Carried. . .
Passenger Mileage. . . .
Freight (tons) Moved.
Freight (ton) Miles.. . .
Passenger Earnings. . .
Freight Earnings
Express, Mail, etc
Gross Earnings
3,254,297
2,110,734
84,161,437
2,678,203
207,390,937
1
1,939,048
2,774,802
271,469
3,181,444
2,005,172
79,224,995
2,687,603
206,746,056
*
1,867,249
2,756,873
273,914
3,100,278
2,071,431
83,335,917
2,747,021
203,684,841
S
1,860,334
2,615,414
283,053
3,253,510
2,136,470
83,103,024
3,217,809
256,903,895
S
1,885,146
2,829,199
307,752
3,368,386
2,387,846
90,720,967
3,573,915
289,872,087
$
2,021,144
3,277,273
314,507
3,224,768
2,633,331
97,934,328
3,740,709
299,114,181
$
2,110,754
3,427,476
330,317
3,306,394
2,883,678
104,882,565
4,049,412
330,460,107
$
2,166,154
3,678,359
349,791
4,985,319
3,271,673
4,898,036
3,173,286
4,758,801
2,997,244
5.022,097
3,283,337
5,612,924
3,753.972
5,868,547
3,962,339
6,194,304
4,552,260
Operating Expenses.. .
Net Earnings. . .
1,713,646
51,860
1,724,750
52,147
1,761,557
63,040
1,738,760
81,071
1,858,952
85,745
1,906,208
92,390
1,642,044
153,857
Other Receipts . . .
Net Income
1,765,506
97,779
649,516
637,834
1,776,897
112,283
650,480
657,060
1,824,597
114,121
648,121
633,907
29,440
298,527
100,481
5,782.40
3,641.96
2,140.46
62.98 p. c.
2.28 c.
1.29 c.
1,819,831
121,723
647,090
599,365
99,444
298,532
53,677
6,102.33
3,989.57
2,112.76
65.38 p. c.
2.27 c.
l.lOc.
1,944,697
147,704
646,526
584,870
182,907
t298,543
84,147
6,81i.72
4,555.07
2,255.65
66.88 p. «.
2.23 c.
1.13c.
1,998,598
197,345
592,922
604,222
229,440
298,554
76,115
7,120.90
4,807.91
2,312.99
67.52 p. c.
2.16c.
1.15c.
1,795,901
216,878
545,876
643,110
29,440
298,566
62.031
7,592.64
5,579.91
2,012.73
73.49 p. c.
2.07 c.
l.llc.
Payments — Taxes. . . .
Lease Rentals
Interest . . .
Other Charges..
*Dividends, 6 p. c...
Balance, Surplus
Gross Earn, per Mile. .
Oper. Exp. per Mile. . .
Net Earnings per Mile.
Expenses to Earnings.
Av.Rate p.Pass.p.Mile
Av. Rate p.Ton p.Mile
298,524
81,853
6,063.02
4,020.44
2.105.84
67.59 p. c.
2.30 c.
1.33 c.
298,524
58,550
5,956.86
3,859.27
2,097.59
67.08 p. c.
2.36 c.
1.33 c.
•For statement of dividends paid from the organization of the company to Jan., 1898, see
MANUAL for 1898, page 14. For latest dividends, see General Index, tin addition to this amount
there was paid on July 2, 1900, a dividend of 1| p. c., amounting to $74,638.50, from the surplus
at credit of profit and loss on June 30, 1900. Total amount of dividends declared from the earnings
of the year ending June 30, 1900, $373,182.
5. Equipment, June 30, 1902. — Locomotives, 167. Cars — passenger, 172; bag-
gage, mail, and express, 67; freight (caboose, 69; box, 1,314; stock, 55; flat, 1,999; coal,
POOR'S MANUAL — MAINE CENTRAL RR. CO.
21
449; refrigerator, 28), 3,914; service, 401— total, 4,554. Also 6 ferryboats, steamboats,
etc. ( see Sec. 2 ) .
6. General Income Account, year ending June 30, 1902.
Earnings — Passenge r 12,166,154 34
Freight 3.678,359 02
Mail and Express 287,991 55
Miscellaneous 61,79917
Total ($7,592.64 per mile) ........... $6,194,304 08
Expenses— Maint. of Way and Struc.. $1,081,191 69
Maintenance of Equipment* 2,089,506 65
Conducting Transportation. 1,200,386 20
General Expenses 181,17583
Total ($5,579.91 per mile) .......... $4,552,260 43
*This item includes, besides the ordinary expense of maintaining the equipment, $215,267.94
paid for new equipment received, $360,527.72 appropriated for new equipment in process of con-
struction but not yet delivered, and $62,000 paid for the new steamboat Norumbega.
Net earnings (26.51 p. c.), $1,642,043.65; other income, $153,857.34— total, $1,795,-
900.99. Payments: Interest on debt, $643,110; taxes, $216,878.18; rentals leased lines
(see Sec. 12), $545,875.76; sinking fund payments, $29,440; dividends on stock (No3.
58 to 61, iy2 p. c. each, paid Oct., 1901, Jan., April, and July, 1902), $298,566— total,
$1,733,869.94. Surplus, $62,031.05; surplus to June 30, 1901, $252,161; miscellaneous
additions, $30,376.82 — total, $344,568.87. Deduct amount transferred to contingent
fund, $62,031.05. Surplus, June 30, 1902, $282,537.82.
7. General Balance Sheet, June 30, 1902.
Construction and Equipment $17,180,43678
Investment Account 288,47200
Materials and Supplies • 598,85486
Trustees of Sinking Funds 683,70181
Notes Receivable 778,217 50
Cash and Other Assets 819,032 74
Capital Stock (see Sec. 8) $4.988.000 00
Funded Debt M. C. RR. Co. (see
Sec. 9) 12,492,19200
Current Liabilities 706,106 79
Sundry Items 1.196,177 Zl
Sinking Funds 683,70181
Profit and Loss 282,537 82
Total Assets $20,348,715 69 Total Liabilities $20,348,715 69
8. Capital Stock. — The authorized capital stock is $12,000,000, including $2,000,000
authorized in Feb., 1901, to retire the stock and bonds of the Knox and Lincoln Ry. The capital
stock liability as per general Balance sheet consists of $4,975,600 of Maine Centra) stock, $800 of
Maine Central stock scrip, $11,000 of Androscoggin and Kennebec stock bonds, exchangeable for
Maine Central stock and $600 of Portland and Kennebec stock scrip, exchangeable for Maine Central
stock.
9. Funded Debt — The funded debt outstanding on June 30, 1902 — total $12,492,192, as
per general balance sheet — consisted of the several Issues of bonds listed in the following statement:
$3,924,000 Consol. mtge. 7s of April 1, 1912.
269,500 Consol. mtge. 5s of April 1, 1912.
1,525,000 Consol. mtge. 4Js of April 1. 1912.
3,265,500 Consol. mtge. 4s of April 1, 1912.
669,000 Collateral Trust 5s of June 1, 1923.
81,000 Me. Shore Line 1st 6s of June 1, 1923.
$600,000 Sinking Fund gold 4is of Feb. 1, 1905.
200,000 Improvement Series A gold 4Js of 1916.
250,000 Improvement Series B 4is of 1917.
8,192 Interest Scrip.
1,300,000 Penobscot Sh. Line 1st 4s of Aug. 1, 1920.
400,000 Knox & Lincoln Ser. A 5s of Feb. 1, 1921.
Consolidated Mortgage Bonds. — Secured by first mortgage on the main line from Portland to
Bangor, and on the Bath, Farmington, Lowiston and Waterville Branches, an aggregate of 305.25
miles. (See Manual for 1900, page 22.) The authorized amount is $9,000,000, to be issued in four
classes — Class A for $1,000,000, Class B for $.3.970.000, Class C for $2,850,000 and Class D for
$1,175,000. On June 30, 1901, there were outstanding $991,500 of Class A, $3,968,500 of Class H,
all of Clats C, and $1,174,000 of Class I). The rate o.' interest was originally 7 p. c., but bonds
have been placed at lower rates- when they could be sold. The Issues to June 30, 1902, were us
follows: Class A, $991,500 at 7 p. c. ; Class B, $1,515,500 at 7 p. c., $8,500 at 5 p. c., $1,100,000
at 4J p. c., and $1,344.500 at 4 p. c. ; Class C, $1,307,000 at 7 p. c.. $261,000 at 5 p. c., and
$1,282,000 at 4 p. c. ; Class D, $110,000 at 7 p. c., $425,000 at 4J p. c., and $639,000 at 4 p. c.
Collateral Trust Bonds. — Secured by deposit with the American Loan and Trust Co., Boston,
Mass., trustee, of an equal amount of tho 1st mtge. bonds of the Maine Shore Line RR. Co. (Soo
following paragraph.) The Maine Central RR. Co. pnys to the trustee the interest on the Maine
Shore Line bonds, and from the amount thus received the trustee pays the interest on the collateral
trust bonds, and applies the remaining 1 p. c. to a sinking fund for the retirement of thofe bonds
at maturity. The fnnl amounted. July 1, 1902, to $176,217.18.
Maine Shore Line First Mortgage Bonds. — Secured on the Mount Desert Branch, 41.13 miles.
The amount authorized and issued 5sr $750,000. Ponds amounting to $76,000 are outstanding in the
hands of the public, $5,000 are owned by the Maine Central RR. Co. and $669.000 are deposited
with the American Loan and Trust Co., Boston, Mass., as security for the collateral trust bonds.
Sinking Fund Bonds. — These bonds ar<? a c'irprt obligation of the Maine Central RR. Co. A
sinking fund is provided for their retirement, at maturity, by a yearly deposit of $16,000 with the
Portland Trust Co., Portland, Me., trustee. On July 1, 1902, the fund amounted to $401,570.43.
Improvement Bonds. — These bonds arc a direct obligation of the Maine Central RR. Co. Series
A bonds are payable, both principal and interest, in gold. It is not specified in Series B bonds that
they are payable either principal or interest in gold. A sinking fund of 1J p. c. a year is provided
for the retirement of the bonds at maturity. On July 1, 1902, the sinking fund for Series A
amounted to $66,509.06, and for Series B the amount was $76,592.93.
Penobscot Shore Line Bonds. — These are secured by first mortgage on the line from Bath to
Rockland, Me. They were assumed by the Maine Central RR. Co. in the consolidation of Feb., 1901.
Knox and Lincoln Series A Bonds. — Assumed by the Maine Central RR. Co. In the consolidation
of Feb., 1901. Secured on the entire property of the Knox and Lincoln Ry. Co., subject to tho lien
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
of the Penobscot Shore line bends. The Maine Central RR. Co. owns $31,000 of the $400,000 Issued.
Additional bonds, to be designated series B, may be issued under the same mortgage, at the rate
of $20.000 per mile for completed extensions.
10. Guaranteed Bond*. — The guaranty of the Maine Central RR. Co., both as to principal
and interest, id endorsed upon the bonds of all loaded lines except those of the Belfast and Moosehead
Lake RR. The company also guarantees, jointly with the Boston and Maine RR., the bonds of the
Portland Union Railway Station Co. The following is a detailed statement of the company's
guaranties :
Dexter and Newport RR. — $175,000 1st 4s of
Sept. 1, 1917, guaranteed as to principal and inter-
est by the Maine Central RR. Co.
Dexter and Piacataquia RR. — $175,000 1st 4s of
July 1, 1929, guaranteed as to principal and inter-
est by the Maine Central RR. Co.
European and North American RR. — $1,000,000
1st gold 4s of Jan. 1, 1933, guaranteed as to
principal and interest by the Maine Central RR.
Co. The bonds are a joint obligation of the
Maine Central RR. Co. and the European and
North American Ry. Co.
Hereford Ry. — $800,000 1st 4s of May 1, 1930,
guaranteed as to principal and interest by the
Maine Central RR. Co.
Portland and Ogdensburg Ry. — $1,319,000 5 p. c.
and $800,000 3J p. c. consols of Nov. 1, 1908, guar-
anteed as to principal and interest by the Maine
Central RR. Co.
Portland Union Railway Station Co. — $300,000
sinking fund, series A and B 4s of July 1, 1927,
and Jan. 1, 1929, guaranteed as to principal and
interest by the Maine Central RR. Co. and the
Boston and Maine RR., conjointly.
Upper Coos RR. — $350,000 1st 4s and $693.000 ex-
tension 1st 4Js (including $118,000 owned by the M.
C. RR. Co.), both due May 1, 1930, and guaran-
teed as to principal and interest by the Maine
Central RR. Co.
11. STOCKS AND BONDS OWNED BY THE MAINE CENTRAL RR. Co., JUNE 30, 1902.
BONDS.
Upper Coos RR. 4J p. c. Bonds $118,000 00
Knox & Lincoln Ry. 5 p. c. Bonds 31,000 00
SHARES. STOCKS.
47 Boston and Maine RR $4,70000
250 Portland Union Ry. Sta. Co 25,000 00
400 St. John Bridge and Ry. Ext. Co. 20,000 00
1.981 iSft Portland & Ogdensburg Ry. . . 79,272 00
100 Bridgton & Saco River RR. Co.... 5,000 00
Maine Shoo Line RR. Co. 6 p. c. Bonds. 5,000 00
Maine Central RR. Co. Consol. Bonds... 500 00
Total Bonds $154,500 00
Total Stocks $133,972 00 Total Stocks and Bonds $288,472 00
152. Statement showing the mileage and capitalization of the railroads whose opera-
tions are included in the income account of the Maine Central RR. Co., together with
the rentals of leased lines for the year ending June 30, 1902:
RAILROADS
Length
of
Road
Capital
Stock
Aver.
Mtle
Funded
Debt
Aver,
per
Mile
Total
Capitali-
zation
Aver,
per
Mile
Annual
Rental,
1901-02
Maine Central RR
M.
394.77
33.13
14.23
16.54
120.34
18.80
109.84
55.33
52.85
S
4,988,000
648,100
122,000
122,000
2,494,100
200,000
4,392,538
350,000
800,000
12,635
19,562
8,573
7,376
20,725
10,638
39,990
6,349
15,137
S
12,492,192
114,500
175,000
175,000
1,000,000
9
31,644
3,456
12,298
10,580
*8,310
S
17,480,192
762,600
297.000
297,000
3,494,100
200,000
6,511,538
1,393,000
1,600,000
S
44,279
23.018
20.871
17.956
29,035
10,638
59,282
25,176
30,274
S
Belfast & Moosehead L. RR. .
Dexter & Newport RR
Dexter & Piscataquis RR. . . .
European & No. Ainer. Ry. . .
Kastern Maine Ry
36.000.00
13,350.00
13,350.00
165,500.00
9,500.00
182,300.76
61,375.00
64,500.00
Portland & Ogdensburg Ry.. .
Upper Coos RR
2,119,000
1,043,000
800,000
19,292
18,827
15,137
Hereford Ry
Totals, Leased Lines ....
Grand Totals
421.06
815.83
9,128,738
14,116,738
21,680
17,304
5,426,500
17,918,692
12,888
21.964
14,555,238
32,035,430
34.568
39,268
545,875.76
545,875.76
•This average is for the whole road, 120.34 miles, although the bonds do not cover 65.34 miles
thereof. The actual average funded debt per mile of road covered by the bonds is $18,181.82.
13. RAILROADS OWNED OB LEASED
AND MOOSEHEAD LAKE
to Burnham, Me., 33.13 miles.
BELFAST
RR. — Belfast
Steel rails.
HISTORY. — Chartered Feb. 28, 1867, and road
completed about Nov. 1, 1870. Leased to the
Maine Central RR. Co. for 50 years from May 10,
1871. at a rental of $36,000 a year.
INCOME ACCOUNT, June 30, 1902.— Rental,
$36,000; other receipts, $20 — total, $36.020. De-
ductions : Expenses and taxes, $131 ; interest on
bonds. $4.740; sinking fund, $4,260; dividends (6
p. c. on preferred, $16,062 ; 2.84 p. c. on non-pre-
ferred, $10,803), $26,865 — total, $35,865. Surplus,
$24 ; deficit forward, $55 ; net deficit, $31.
BALANCE SHEET, June 30. 1902. — Capital
stock ($267,700 preferred, $380,400 non-preferred),
$648,100; funded debt (trust 4s of May 15. 1920),
$110,000 — total, representing cost of road. $758,000.
The preferred stock is entitled to 6 p. c. divi-
dends, then the non-preferred is entitled to»6 p. c.,
after which both share equally. The road is con-
BY THE MAINE CENTRAL RR. Co.
trolled by the city of Belfast, which holds 3,604
shares of non-preferred and 1,396 shares of pre-
ferred stock. Individual stockholders own 1.2^1
shares of preferred stock, and the town of Brooks
holds 200 shares of non-preferred. Since and in-
cluding 1893 the sum of $9,000 a year has been set
aside from rental for payment of interest and for
redemption of bonds, not less than $3,000 of which
are drawn and paid yearly ; so that at the expi-
ration of the lease all the bonds will have been
paid. On June 30, 1902, the funded debt actually
amounted to $114,500, but $4,500 of the bonds had
been called for payment, leaving $110,000 outstand-
ing as per balance sheet.
CORPORATE OFFICERS. — Charles B. Hazel-
tine, Pres. ; Frank R. Wiggin, Treas. ; Wm. H.
Quimby, Sec. Office, Belfast, Me.
DEXTER AND NEWPORT RR. — Newport
to Dexter, Me., 14.23 m. ; total track, 14.73 njiles.
HISTORY. — Chartered March 30, 1S53 ; road
opened, Nov. 25, 1868. Leased to the Maine Cen-
POOR S MANUAL OF RAILROADS.
543
tral RR. Co. for 999 years from Nov. 25, 1888. As
rental the lessee pays directly to the stockholders
semi-annually dividends of 2J p. c. (beginning
Jan. 1, 1900; previously 3 p. c. semi-annually) on
the capital stock, and pays to the company $250 a
year for organization expenses ; also assuming
payment and discharge of funded debt.
FINANCIAL STATEMENT. — Capital stock,
$122,000; funded debt (see Sec. 10), $175,000. Cost
of road, etc., $297,000.
CORPORATE OFFICERS. — George Fisher,
Pres., Bath, Me. ; Treby Johnson, Treas. & Clerk,
Augusta, Me. Office, Augusta, Me.
DEXTER AND P1SCATAQUIS RR Dex-
ter, Me., to Foxcroft and Dover, 16.54 miles. Rail
(steel), 67J Ibs.
HISTORY. — Chartered Oct. 24, 1888; road
opened in Dec., 1889. Leased to the Maine Cen-
tral RR. Co. for 999 years from Dec. 13, 1888, at a
yearly rental of the interest on the bonds, divi-
dends of 5 p. c. on the capital stock, and $250 for
organization expenses.
FINANCIAL STATEMENT. — Capital stock,
$122,000; funded debt (see Sec. 10), $175,000. Cost
of road, $210,000.
CORPORATE OFFICERS. — J. B. Mayo, Pres.,
Foxcroft, Me. ; L. P. Evans, Clerk ; E. A. Thomp-
son, Treas., Dover, Me. Office, Dover, Me.
EASTERN MAINE RY. — Bangor to Bucks-
port, Me., 18.80 m. ; total track, 20.68 miles. Rail,
56 Ibs.
HISTORY. — Successor, Feb. 1, 1882, to the
Bucksport and Bangor RR. Co. Leased in per-
petuity, May 1, 1883, to the Maine Central RR.
Co., at a yearly rental of $9,500, being dividends
of 4J p. c. on the capital stock and $500 for or-
ganization expenses. (See Manual for 1891, page
305.) Rolling stock not Included in lease.
BALANCE SHEET, June 30, 1902. — Capital
stock, $200.000; profit and loss, $92 — total, $200,-
092. Contra : Construction, $200,000 ; cash, $92 —
total, $200,092.
CORPORATE OFFICERS. — Eugene Hale, Pres.,
Ellsworth, Me. ; S. T. Kimball, Treas. & Vice-
Pres., Rockland, Me. ; L. A. Emery, Sec., Ells-
worth, Me. Office, Rockland, Me.
EUROPEAN AND NORTH AMERICAN
RY. — Bangor to Vanceboro', Me. (steel), 114.3
m. ; Orono to Stillwater, 3.01 m. ; Enfleld to
Montague, 3.03 m. — total, 120.34 miles.
HISTORY. — Chartered Aug. 20, 1850; road
opened in 1871. Leased in perpetuity, April 1,
1882, to the Maine Central RR. Co., at an annual
rental of $125,500, the lessee assuming all liabili-
ties. (See Manual for 1891, page 305.)
FINANCIAL STATEMENT. — Capital stock, $2,-
494,100. Funded debt (see Sec. 10), $1,000,000. The
bonds are secured on the line from Bangor to
Wlnn, 55 miles. The mortgage is a Joint and
several obligation of this company and the Maine
Central RR. Co.
CORPORATE OFFICERS. — Franklin A. Wil-
son, Pres. ; Chas. B. Wyman, Treas. & Clerk,
Bangor, Me.
HEREFORD RY. — Beecher Falls Vt to
Line Ridge, P. Q., 52.85 m. ; total track ( steel ;
56 Ibs.), 59.06 miles.
HISTORY. — Chartered June 23, 1887; road
opened May 1, 1890. Leased to the Maine Central
RR. Co., for 999 years from May 18, 1890, at a
yearly rental of $64,500, being interest on bonds, 4
p. c. on stock, and $500 for organization expenses.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $800,000 ; funded debt (see Sec. 10),
$800,000— total, $1,600,000.
CORPORATE OFFICERS. — Stephen N. Bond.
Vice-Pres., Boston, Mass. ; H. B. Brown, Sec. &
Treas., Sherbrooke, P. Q. Office, Sherbrooke.
P. Q.
PORTLAND AND OGDENSBURG RY. —
Portland, Me., to Lunenburg, Vt., 109.1 m. ; Port-
land, Union Station, to Thompson's Point, Me.,
0.74 m. — total, 109.84 miles. Rail (steel), 56 and
60 Ibs.
HISTORY. — Successor, June 8, 1886, to the P. &
O. RR. Co. (See Manual for 1898, p. 15.) Leased
to the Maine Central RR. Co., for 999 years, Aug.
20, 1888 ; rental, Interest on bonds and 2 p. c. on
the capital stock.
FINANCIAL STATEMENT. — Capital stock
(outstanding, $4,390,968; auth., not issued, $1,570),
$4,392,538; funded debt (see Sec. 10), $2,119.000 —
total, representing cost of road, $6,511,538.
CORPORATE OFFICERS. — S. J. Anderson,
Pres. ; J. W. Dana, Treas. & Sec. Office, Port-
land, Me.
UPPER COOS RR. — Quebec Junction, N. H.,
to Beecher Falls, Vt., 55 miles. Rail (steel), 66
and 76 Ibs.
HISTORY. — Chartered Oct., 1884 ; road opened
throughout In May, 1891. Leased to the Maine
Central RR. Co., for 999 years from May 1, 1890,
at a yearly rental of $66,685, being interest on
bonds, 6 p. c. on stock, and $500 for organization
expenses.
FINANCIAL STATEMENT. — Capital stock,
$350,000; funded debt (see Sec. 10), $1,043,000 —
total, representing cost, $1,393,000.
CORPORATE OFFICERS. — Geo. Van Dyke,
Pres., Lancaster, N. H. ; T. S. McGowen, Treas.,
Boston, Mass. ; C. B. Jordan, Sec., Lancaster, N.
H. Office, Portland, Me.
Lucius Tuttle Boston, Mass
F. A. Wilson Bangor, Me.
S. C. Lawrence. .Medford, Mass.
Henry R. Reed. ..Boston, Mass.
14. Board of Directors, Maine Central RR. Co., elected October 15, 1902.
L. C. Ledyard.New York, N. Y. William P. Frye.-Lewlston, Me.
H. M. Whitney... Boston, Mass. George P. Evans. .Portland, Me.
John Ware Waterville, Me. George P. Wescott
Joseph H. Manley. Augusta, Me. Joseph W. Symonds "
One Vacancy.
Lucius TUTTLE, President Portland, Me.
George F. Evans, Vice-President and General Manager ....
Compt. & Gen. Aud. — Geo. S. Hobbs. Portland, Me. | Treasurer — George W. York Portland, Me.
Clerk— Henry B. Cleaves Portland, Me.
PRINCIPAL OFFICE AND ADDRESS . . Portland, Me.
NEW YORK, NEW HAVEN AND HARTFORD RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OP SECTIONS.
Capital Stock 10
Convertible Deb. Certificates. 11
Cost of Road 16
Directors and Officers 20
Earnings, Expenses, etc 5
Earnings, Exp., etc., 1896-1902 3
Electric Lines 3a
Equipment 4 & 5
Funded Debt, Details of 14
General Balance Sheet, 1902.. S
Gen. Balance Sheet, 1896-1902. 3
History 2
Income Account 6
Leased Lines, Statements of. 19
Leased Line, Stocks Exchd... 17
Marine Equipment 5
Mileage Operated, June 30,
1902 .. 1
New Haven Steamboat Bds. . 15
Non-Conv. Deb. Certif. 4s... 12
Non-Conv. Deb. Certif. 3Js... 13
Operations, etc., 1896-1902.... 3
Profit and Loss, June 30, 1902. 7
Rental Payments 9
Rolling Stock 4
Securities Owned 13
Water Lines 3a
24
POOR'S MANUAL OF RAILUOADS — NEW ENGLAND GROUP.
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 438.30
Main Line: Woodlawn Junction, N. Y., to Providence, R. I.
B'dgep., Ct. to Mass. St. Lane. 74.97 in.
N. Hav., Ct., to Spring., Mass.. 60.17 m.
Ha%vleyville to Litchfield, Ct.. .32.28m.
Hartford to Fenwick, Conn . .
Stamford to New Canaan, Ct.
Botsford to Huntingdon, Ct. . .
Brookfield Jc. to Danbury, Ct.
Brought Forward
Berlin to Middletown, Conn . .
Berlin to New Britain, Conn.
Windsor Locks to Suffield, Ct.
Loop at Stonington, Conn. . . .
Auburn to Pontiac, R. I
Auburn to Providence, R. I. . .
miles).
173.77
238.09
9.70
3.18
4.32
0.97
4.69
3.58
miles.
,569.78
.46.20 in.
7.66m.
9.79m.
5.36 m.
.N.Hav. Un. Dep. to N.H:&D.RR.1.66 m.
B. LEASED LINES (see separate statements therefor in Sec. 19) 1
O. TRACKAGE RIGHTS (total, 29.60 miles) :
New York and Harlem RR.: Woodlawn Jc. to Grand Cent. Sta., N. Y.
Boston Terminal Co. : Fort Point Channel to Station, Boston, Mass. . .
{Junction to Station, Ashland, Mass
Junction to Station, Worcester, Mass
Junction to Station, Springfield, Mass ....
Boston and Maine RR. : Junction to Station, Lowell, Mass
Fitchburg RR. : Conway Junction to Shelburne Falls, Mass
N. D. d C. RR. : Hopewell Junction to Wicopee, N. Y
Total length of railroad operated, June 30, 1902 2,037.68 miles.
Statement showing the length in miles of all tracks owned, leased and operated, and
the length of same laid with steel rails, June 30, 1902:
First
Track
Second
Track
Third
Track
Fourth
Track
Side
Track
Total
Track
Steel
Rail
Railroad Owned
438 30
238 78
55 32
55 32
276 53
1 064 25
1 030 64
Leased Lines
1 569 78
415 65
21 89
20 83
912 81
2 940 96
2 744 01
Trackage Rights
29 60
12 60
12 45
12 45
67 10
67 10
Totals
2037 68
667 03
89 66
88 60
1 189 34
4 072 31
3 841.75
Gauge, 4 ft. 8y2 in. Rail— iron, 50 to 60 Ibs.; steel, 60 to 100 Ibs.
The company's four-track line is completed between New York and Hew Haven, except
at Bridgeport, where the work is nearing completion.
2. History.— Consolidation, Aug. 6, 1872, of the Hartford and New Haven RR. and
the New York and New Haven RR. A sketch of the history of the company is in the
MANUAL for 1901, on pages 21 and 22. The Stamford and New Canaan RR. was absorbed
on Oct. 1, 1890; the Hartford and Connecticut Valley RR., on Dec. 21, 1892; the New
York, Providence and Boston RR., on Feb. 3, 1893: the Shore Line RR., on March 18,
1897; the Housatonic RR., on March 28, 1898; and the Shepaug, Litchfield and Northern
RR., on July 8, 1898. The Housatonic RR. was acquired by issuing one share of capital
stock of this company in exchange for every eight shares of Housatonic preferred stock;
the basis of exchange for the stocks of the other roads was share for share (see MANUAL
for 1901, page 22). This company also offered shares of its capital stock in exchange
for the shares of other of its leased lines on the terms stated in the MANUAL for 1894,
on page 583, and in the MANUAL for 1899, on page 26. The following statement shows,
as of June 30, 1902, the progress made in the acquisition of the stocks of the companies
embraced in the latter offer and the amount of its capital stock issued by the " New
Haven " company for such purpose :
Capital
Stock
Amount
Exch'ged
N. Haven
Stock
Issued
Capital
Stock
Amount
Exch'ged
N. Haven
Stock
Issued
Old Colony RR. . . .
N. Eng. RR. (Pref.)
N. Eng. RR. (Com.)
N.Hav.&Northam'n
Naugatuck
B.AN.Y.A.L. (Pfd.)
S
16,608,900
5,000,000
20,000,000
2,460.000
2.(HK),(HM)
2,998,500
$
5,518,000
4,925,800
19,946,500
2,403,500
972,200
1,594,500
S
4,966,200
2,462,900
3,989,300
9«)1,4(M)
972.200
637,800
Danbury & Nonvalk
N. Haven & Derby.
Stockb^ge&Pittsfi'd.
Berkshire
$
600,000
447,000
448,700
600,000
S
446,400
353,600
1,500
1.000
S
223,200
108,800
900
600
Totals
51,163,100
36,163,000
14.323,300
POOR'S MANUAL — NEW YORK, NEW HAVEN AND HARTFORD RR. CO. 25
3. Statement of operations, capital account, etc., for seven fiscal years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
Miles Road Operated
Train Mileage — Passenger . .
Freight . . .
Mixed
1,464.21
10,112,655
5,051,081
195,958
1,404.21
10,248,807
4,925,278
180,442
1.464.21
10,933,182
4,845,456
169,992
2,047.19
13,222,845
6,129,106
169,093
2,037.68
13,569,271
6,344,144
224,842
2,037.68
13,898,315
5,969,950
239,667
2,037.88
14,687,835
6,395,(i76
243,550
Total Revenue Mileage. ..
15,359,694
43,970,932
15,354,527
41,599,670
15,948,630
41,464,748
19,521,044
49,035,411
20,138,257
52,096,916
20,107,932
53 051 460
21.327,061
58838 131
788,477,424
756,540,942
759,632,395
861,416,692
943,642,580
949,079 966
1,024,201,282
Freight (tons) Moved
Freight (ton) Miles
10,866,909
847,107,629
10,391,726
839,960,369
11,042,006
899,636,294
14,375,823
1,257,413,624
15,708,266
1,340,789,590
15,436,435
1 292 378 364
17,145,313
1 444 544 216
$
13 928 018
8
13 618 250
$
13 453 500
15505050
$
16 754 562
S
16 736 762
1
17 866 425
Freight . .
13 772 071
13 340 213
14081,857
17 739 008
19 456 997
19 117043
21 018 284
Other
2 645,541
2 664 870
2 787,381
3 899,859
4 119593
4278506
4 fi:i(i ."7*
30345,630
29 623,333
30 322,738
37,143,917
40331,152
40 132311
43521087
21 137,227
20043,257
20,891,686
25,581,256
28 224,840
28 048 479
31 273,873
9 208,403
9 580,076
9,431,052
11,562,661
12,106,312
12,083,832
12,247,214
855686
614 072
601068
623 423
546 121
562560
613060
10 064 089
10 194 148
10 032 120
12 186 084
12 652 433
12 646 393
12 860,274
Payments — Taxes
1,492,236
1,647,744
1,688,871
2,171,167
2,484,605
2,367,636
2,410,380
Lease Rentals.
Interest
Dividends. . . .
3,418,104
1,486,857
3,608,542
3,450,172
1,217,987
3,803,516
3,370,477
1,053,134
3,809,816
4,537,875
1,111,071
4,158,688
4,476,258
1,062,956
4,231,278
4,451,634
1,168,835
4,294,738
4,464,711
1,306,324
4,296.508
+58350
-(-74729
+109 822
+207 283
+391 336
+ 363550
+382,291
Gross Earnings per Mile. . . .
Operating Expenses p. Mile
Net Earnings per Mile
Expenses to Earnings. . . .
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
Miles of Railroad Owned. ..
Miles of Track . . .
20,724.92
14,435.93
6,288.99
71.86 p.c.
69.65 p.«.
1.57 c.
276.41
76236
20,231.62
13,688.79
6,542.83
1.80 c.
67.66 p.c.
1.54 c.
325.81
895 18
20,709.28
14,268.23
6,441.05
1.77 c.
68.90 p.c.
1.51 c.
415.93
1 019 77
18,235.96
12,559.22
5,676.74
1.79 c.
68.87 p.c.
1.41 c.
448.20
106548
19,844.08
13,889.49
5,954.59
1.78 c.
69.99 p.c.
1.45 c.
438.30
1051.71
19,795.55
13,835.11
5,960.44
1/76 c.
69.89 p.c.
1.48 c.
438.30
1,059.75
21,467.09
15,426.00
6,041.03
1.74 c.
1.77 c.
1.45 c.
438.30
1.064.25
Miles of Steel Rail . .
73797
86207
98461
1 030 32
1,018.10
1.026.14
1,030.64
681
710
719
917
901
922
942
Passenger Cars
1 357
1 316
1298
1,507
1,489
1,486
1,508
Electric Cars
22
44
53
77
78
98
Baggage, Mail, etc., Cars . .
Freight and Other Cars. . . .
Capital Stock
220
13,000
S
47 475 700
221
12,320
S
47 612 200
219
11.569
$
47 633 200
256
13,060
S
54,641,400
256
13,704
1
54,685,400
261
13,499
S
54.685,400
261
13,535
$
54,685.400
Debenture Certificates ....
Funded Debt
16,397,200
4300000
18,397,200
4500000
19,397,200
7500000
19,397,200
6 439,000
19,397,200
6,439,000
26,397,200
6,139,000
26,397.200
6,139,000
200000
200000
200000
Current Liabilities
9 487 180
7 471 550
4 153 619
6,957,940
7,761,284
6,622,818
5.927,473
542378
513 701
478 144
513 491
505,703
590,342
574,273
Insurance Fund
80.393
Profit and Loss Account. . .
4,549,455
6,673,483
11,120,360
12,291,391
12,186,131
13,123,517
13.498,845
Total Liabilities
Road & Appurtenances
Stocks of RRs. not Merged..
Stocks and Bonds Owned. ..
Materials and Supplies
Cash and Current Assets. . .
Contingent Assets
82,951,913
52,121,205
8,825,000
15,704,075
1,801,516
3,124,390
1,375,727
85,368,134
51,167,011
8,211,500
13,781,792
1,631,870
3,480,301
7,095,660
90,482,523
58,284,628
7,871,100
11,034,880
1,859.532
3,625,494
7,806,889
100,240,422
59,072,090
14,355,291
10,466,050
2,716,709
5,893,045
7.737,237
100,974,718
59,436,949
14,399,291
9,151,356
2,456,556
7.496,997
8,033,539
107.558,277
59,580,010
14,399,292
9,339.731
2,769,329
13,406,842
8,063,073
107.302,584
59,447,364
14,399.292
9,612.370
2,455,641
13,458.928
7,928.989
Total Assets
82 951 913
85368 134
90 482 523
100 240,422
100,974,718
107,558,277
107.302,584
Amounts paid New York and Harlem RR. Co. for tolls, not appearing In the earnings as abov»» :
In 1895, $402,637.42 ; 1896, $424,777.96 ; 1897, $420,458.45 ; 1898, $428,903.44 ; 1899, $457.-
459.66; 1900, $493,270.35; 1901, $505,845.01; 1902, $552,480.68.
I5a. Electric Lines Owned and Operated.— Since 1895, when electric traction was sub-
stituted for steam power on the Nantasket Beach RR., the company has been gradually
extending the use of electricity to such branch lines as could be advantageously operated
thereby. Up to June 30, 1902, the following lines had been transformed into clcctru-
roads: Nantasket Beach RR., 6.95 miles; Plymouth Division of Old Colony RR., from
Braintree to Cohasset, Mass., 11.7 miles; New Canaan Branch of N. Y., N. H. & H. RR.,
26
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
7.66 miles; New England RR., from Hartford to Bristol, Conn., 17.9 miles; Providence,
Warren and Bristol RR., 14.35 miles; and Berlin Branch of N. Y., N. H. & H. RR., 3.18
miles. The overhead trolley system is used on the Nantasket Beach RR., the Providence,
Warren and Bristol RR., and the New Canaan Branch, while the third rail system is
employed on the Berlin Branch and on the electric sections of the Old Colony and the
New England RRs.
In addition to the electric roads it operates directly, the company controls the Meri-
den Electric RR. Co., whose line extends from Meriden to Wallingford, Conn., 18 miles,
and the Stamford Street RR. Co., operating 10.77 miles of line in the city and town of
Stamford, Conn.
Water Lines Owned and Controlled. — The company owns the Providence and Stoning-
ton Steamship Co., the New Haven Steamboat Co., and the New London Steamboat Co.,
and, through the leases, respectively, of the Old Colony RR. and the Norwich and Wor-
cester RR., controls the Old Colony Steamboat Co. and the Norwich and New York
Transportation Co. The company assumed the outstanding bonds of the New Haven
Steamboat Co., amounting to $364,500 (see Sec. 13a), as part of the purchase price of
that property. The New London Steamboat Co. was purchased in 1901. It operates
two freight steamers between New London and New York, and also operates a line of
steamers between New London, Watch Hill and Block Island. The steamboat lines are
under the direct management of the company, but their earnings are not included in its
income account (Section 6) except that the dividends received from them are included
in the item " dividends on stocks owned."
Control of Bridgeport Steamboat Company Acquired. — In February, 1903, the com-
pany acquired control of the Bridgeport Steamboat Co., which operates a day and night
line of passenger and freight steamers between New York City and Bridgeport, Conn.
4. Rolling Stock, June 30, 1902.— Locomotives (owned, 506; leased, 436), 942.
Cars (owned, 9,172; leased, 6,230), 15,402, as follows.
PASSENGER CARS
•c
I
O
I
•S
1
FREIGHT CARS
Owned
>J
•a
1
SERVICE CABS
Owned
Leased
•a
1
Coaches&Smok. .
591
533
1,124
Coal
3,381
1,921
5 302
Officers' & Pay. . .
6
6
i?
Combination. . .
77
184
261
Box
2,909
2,464
5 373
Air Drake Instruc.
1
i
Parlor.
77
3
80
Flat
1 130
600
1 730
19
15
34
13
1
14
182
35
217
23
21
44
Sleeping.
26
26
55
141
1961
179
89
268
Klectric Motors.
47
4
51
Milk..
48
13
61 i
Steam Shovels. . .
8
5
13
Electric Trailers
47
47
Eastm'nHeater
48
48 i
Work
84
33
117
Dining
1
2
3
Carriage
32
32
Tool
25
?3
48
Raggage & Mail
163
85
248
StocL..
4
2
6
Truck
23
23
Adams Express .
13
13
Pile Driver Cars. ..
8
2
10
Totals
1,055
812
1,867
Totals
7 741
5 224
12965
Totals.
376
194
570
6. Floating Stock. — Steamers, 3; ferryboat, 1; steam tugs, 14; car floats, (10-car,
13; 12-car, 5; 14-car, 5; 16-car, 12; 22-car, 4), 39; derrick, 1.
6. General Income Account, year ending June 30, 1902.
Earnings— Passenger $17,866,424 51
Freight 21,018,284 05
Mall and Express 2,107,38719
Miscellaneous 2,528,99136
Totals ($21,467.09 per mile) $43,521,087 11
Net Earnings (28.14 p. c.) $12.247,21350
Dividends on Stocks Owned 81,64234
Interest on Bonds Owned 79,523 80
Dividends on Stocks Leased 354,6«t; (to
Miscellaneous Income 97,22786
Expenses— Main t. Way & Structures $6,157,902 11
Maintenance of Equipment 5,426,008 05
Conducting Transportation 18,827,235 47
General 862,72798
Totals ($15,426.06 per mile) $31.273,873 t
Taxes . $2,410,380 51
Interest Accrued (see footnote*) 1,306,323 60
Net Rentals of Leased Lines 4,464,710 62
Dividends, J., O., J. & A., 2 p. c. each. 4,296,568 00
Surplus Income 382,29077
Total $12,860,273 50 Total $12,860,273 50
•Consisting of the following Item? : Interest on funded debt (N. Y., N. H. & H. 1st 4s, $80,000 ;
N. Y., P. & B. gon. 4s, $40,000 ; Shore Lino 41s, $9,000 ; Housatonic 1st 4s, $4,000 ; Housatonlc
consols, $141,950), $274,950; on convertible debenture certificates, $655,888, on non-couvertlblq
debentures. $375.000; on current liabilities, $430.60 — total, $1,306,323.60.
POOR'S MANUAL NEW YORK, NEW HAVEN AND HARTFORD RR. CO. 27
7. Profit and Loss Account, June 30, 1902. — Credits: Balance, June 30, 1001, $13,-
123,517.26; surplus income, $382,290.77; profit on sale of stocks, $2,963.38— total, $13,-
508,771.41. Debit: Settlement of old claims against leased lines prior to leases, and
worthless accounts charged off, $9,926.25; balance, June 30, 1902, $13,498,845.16 — total,
$13,508,771.41.
8. General Balance Sheet, June 30, 1902.
Cost of Road and Arpurt. (Sec. 16) . $59,447,364 38
Leased Lines' Stocks Exch. (Sec. 17) 14,399,291 50
St'ks and Bonds Owned (see Sec. 18) 9,612,370 11
Materials and Supplies 2,455,640 95
Cash and Current Assets 13,458,927 83
N. Y., P. & B. & O. C. RRs. Term. Co. 1,532,948 56
Terminal Lands at Providence 756,117 00
Harlem River & Pt. Chester RR. Co. 5,502,777 40
Dedham and Hyde Park Improve 137,145 94
Common Stock Paid in ($100 shares) $54,685,400 00
Convert. Deben. Certif. (Sec. 11).. 16,397,20000
Non-Conv. Deb. (see Sees. 12, 13).. 10,000,00000
Funded Debt Outstand. (see Sec. 14). 6,139,000 00
Current Liabilities 5,927,472 69
Accrued Interest and Rentals 574,27304
Insurance Fund 8039278
Profit and Loss 13.498,846 16
Total Assets $107,302,583 67 Total Liabilities $107,302,583 67
9. Statement showing the rentals accrued during the year and the net rental pay-
ments, these latter being exclusive of dividends on stocks exchanged for New Haven
shares :
Date
of
Lease.
Term
of
Lease.
TOTAL RENTAL ACCRUED.
Net
Rental
Payment.
Dividends
Interest.
Cash.
Total.
Berkshire
Apr. 1,1893
Oct. 1, 1882
1877
July 1, 1892
Oct. 1,1873
Nov. 1,1898
Apr. 1,1887
July 1, 1898
Apr. 1,1897
Apr. 1, 1897
Feb. 9, 1869
July 1, 1896
Oct. 1, 1887
1896
Apr. 1,1896
July 1,1892
Apr. 1, 1887
Dec. 3, 1870
Mar. 1, 1893
Apr. 1,1888
Dec. 31, 1900
Nov 21 1887
99 years
99 years
999 years
99 years
99 years
1 year
99 years
99 years
5 years
5 years
99 years
93 years
99 years
Optional
99 years
99 years
99 years
Perpetual
99 years
99 years
Temp'ary
Optional
99 years
99 years
95i years
99 years
99 years
99 years
99 years
$
36,000
119,940
$
$
250.00
36,250.00
144,940.00
1,750.00
63,500.00
170,000.00
1,000.00
206,000.00
1,120,282.20
4,325.00
1,925.00
290,071.43
58,198.00
17,500.00
3,650.00
5,000.00
46,630.00
255,400.00
40,26525
1,816,326.07
496,673.07
5,718.00
3,120.89
6,250.00
11,350.00
27,788.71
13,463.00
416,000.00
27.172.00
1,800.00
$
36,250.00
81,160.00
1,750.00
41,180.00
170,000 00
1,00000
108,780.00
972,508.20
4,325.00
1,925.00
290,071.43
58,198.00
17,500.00
3,650.00
5,00000
32,486.00
159,260.00
40,265.25
1,430,066.07
496,673.07
5,718.00
3,120.89
6,250.00
11.350.00
27,788.71
13,463.00
416,000.00
27,172.00
1,800.00
Boston & N. Y. Air Line..
Colchester
Danbury & Norwalk ....
Harlem Riv. & Pt. Chester
Mid., Mer. & Waterbury..
Naugatuck
25,000
1,750
30,000
33,500
170,000
'1,060.66
200,000
150,000
6,000
970,000
New England . . .
282.20
4,325.00
1 925.00
Milford & Woonsocket.
Mil!., Frank & Prov. . .
Norwich & W orcester .
Prov. & Springfield. . . .
R.I. & Massachusetts. .
Rockville
240,000
20,698
48,000
37,500
2,071.43
i7,506'.66
3,650.00
Woonsocket & Pascoag
New Haven & Derby. . .
New Haven & N'th'm'tn.
Holvoke & Westfield . .
Old Colony
Boston & Providence . .
Attleborough Branch. .
Chatham
17,880
98,400
5,000
28,750
142,000
15,000.00
40,265.25
13,818.07
9,873.07
450.00
3,120.89
100.66
1,544.71
1,170.498
400,000
5,268
632,010
86,800
Nantasket Beach
Plymouth & Mid'b'r'gh
Prov., War. & Bristol. .
Pawtuxet Vallcv. . . .
Apr. 1, 1888
Dec. 1,1892
July 1,1891
July 1,1884
Julv 1,1892
Apr. 1, 1893
Apr. 1, 1893
6,250
11,250
26,244
7,063
350,000
26,922
6,400
60,000
Providence & Worcester .
Stockbridge & Pittsfield .
West Stockbridge
6,000.00
250,00
1,800.00
Totals
2,898,913
2,270,210
123,225.62
5,292,348.62
4,464,710.62
In the cases of the New England, the Norwich and Worcester and the Boston and Providence,
the cash rentals were disbursed direct by the lessee.
It must be understood that the obligation? of the Boston and New York Air Line RR. Co., New
England RR. Co., New Haven and Northampton RR. Co., and Old Colony RR. Co.. on account (
the lines leased by them, are assumed by tho New York, New Haven and Hartford RR. Co. only
during the continuance of its leases of the parent roads. The dates and terms of lea&es of such
subordinate leased lines shown in the preceding statement refer to the agreements with the direct
lessees.
The lease of the Attleborough Branch RR. to tho Boston and Providence RR. Corpn. expired on
Dec. 31, 1900, but the N Y., N. H. A H. RR. Co. continued to operate the road, under a temporary
arrangement, pending the construction of a branch of the Old Colony RR. from North Attleboro to
Adamsdalc. a distance of about 3.5 miles.
10. Capital Stock — The total amount authorlzpd Is $100,000.000, the unissued shares being
reserved for the retirement of the convertible debenture certificates (see Sec. 11), for the acqui-
sition of leased line stocks, and for additions and betterments.
11. Convertible Debenture Certificates.— These are in denominations of $10
$1,000, and are in coupon and registered forms. They are dated April 1, 1893, and were ex-
changeable for stock on April 1, 1903, or within 60 days thereafter; $16,211,900 of them have
been thus converted into capital stock, leaving only $185,300 outstanding, which will become
payable in cash on April 1, 1908. Interest at 4 p. c. per annum, payable April and Oct. In
New York, N. Y. Registrar : Farmers' Loan and Trust Co., New York, N. Y.
28
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
12. Non-convertible Debenture CertiflrateM, 4m. — These were authorized to the
amount of $10.000.000. but authority to issue the remaining $5,000,000 has been revoked. The
certificates are dated March 1 1897, mature March 1, 1947, the interest on them being payable
March 1 and Sept. 1, in New York. N. Y.
i:t. Non-convertible Debenture Certificate*, 3Js. — These are authorized to the
amount of $10,000,000. They are daUd March 1, 1901, mature March 1, 1947, the Interest on them
being payable on the 1st of March and Sept., in New York, N. Y.
14. Funded Debt.— The funded debt outstanding on June 30, 1902 — total $6,139,000, as
per general balance sheet — consisted of th-,- following issues:
92,0<M>,000 A. Y., N. H. & U. RR. 1st 4s of
June 1. 1903, part of au authorized issue of
$5,OUO,000, secured on the line from Woodlawn
Junction, N. Y., to Springfield, Mass., 122.44
miles.
9 1,OOO,(NM> .V. Y., P. ȣ B. RR. gen. 4a of April
1. 1942, secured by first mortgage on the line
from Providence, R. I., to New London, Conn.,
62 miles. The authorized Issue is $4,000,000, the
unissued bonds being reserved for future needs
of the company.
$200,000 Shore Line Ry. 1st 41s of March 1,
1910, secured on the line from New Haven to New
London, Conn., 49 miles.
9 1OO.OOO Housatonic RR. 1st 4s of April 1.
1910, secured on the line from Bridgeport, Conn.,
to Massachusetts State Line, 75 miles.
f2,83D.OOO Housatonic RR. consol. gold 6s of
Nov. 1, 1937, secured by second mortgage on the
line from Bridgeport, Conn., to Massachusetts
State line, 75 miles, and by first mortgage on
the branches from Botsford to Huntington, Conn.,
9.79 miles, and from Brookfield Junction to Dan-
bury, Conn., 5.36 miles.
15. Xew Haven Steamboat Bonds. — In the purchase .of the New Haven Steamboat Line,
the company assumed the following outstanding bonds, secured on the property: $139.500 1st
mtge. 6 p. c. 10-yr. $500 and $1,000 gold bonds, due April 1, 1902, interest April and Oct. ; and
$225,000 mtge. 5 p. c. 20-yr. $500 and $1,000 gold bonds, due June 1, 1919, but subject to call
after 1904, interest June and De.1. Interest payable at tho Lincoln National Bank, New York.
!'.. Cost of Road and Appurtenance*. — New York, New Haven and Hartford RU. (con-
struction, $35,229,965.16; equipment. $5,261,793.72), $40,491,753.88; Stamford and New Canaan
RR., $100,000 ; Hartford and Connecticut Valley RR., $896,647.07 ; New York, Providence and
Boston RR., $6,889,193.04; Shore Line Ry., $1,160,4!)6.10 ; Housatonic RR., $7,105,579.55; She-
paug, LHchfield and Northern RR., $649,040.05 ; expended for construction on leased lines, ex-
clusive of H. R. & P. C. RR. and O. C. UR., $2,145,649.69 — total, $59,447,364.38.
17. Leaned Linen' Stocks Exchanged. — The amount shown in the balance sheet, $14,-
399,291.50, represents the ledger value of tb.3 $36,163,000 stocks of leased lines not merged received
in exchange for N. Y., N. H. & H. RR. stock. (See under " History " for details.)
18. Stocks and Bonds Owned. — On June 30, 1902, the company owned stocks valued at
$7,137,656.78, and bonds valued at $2,474,713.33, but does not publish the details. The following
is a detailed statement of the stocks and bonds owned by the company on June 3O, 19OO, the
ledger value of the stocks being $6,860,352.48, and of the bonds $2,291,033.33 — a total of $9,151,-
385.81. Tho stocks on both dates are exclusive of those received in exchange for N. Y., N. H. & H.
RR. stock :
STOCKS.
N. Y., N. H. & Hartford RR. Co $1,293,600
Old Colony RR. Co 1,000
New England RR. Co., Com 1,000
New England RR. Co., Pref 100
Boston & N. Y. Air Line RR. Co.. Com.. 743,800
Boston & N. Y. Air Line RR. Co.. Pref. . 8,000
Providence & Springfield RR. Co 438,350
Woonsocket & Pascoag RR. Co 200,000
R. I. & M. RR. Co., Massachusetts Div.. 100,000
K. I. & M. RR. Co., Rhode Island Dlv 150,500
Middletown, Meriden & Waterbury RR.
Co 100,000
New Haven & Northampton Co 56,500
Harlem River & Port Chester RR. Co.... 42,550
West Stockbridge RR. Co 39,600
New Haven & Derby RR. Co 71,800
Storkbrldge & Pittsfleld RR. Co 9,500
Naugatuck RR. Co 21,400
Dan bury & Norwalk RR. Co 675
Wood River Branch RR. Co 20,000
Narragansett Pier RR. Co 18,700
Chicago, Rock Island & Pacific RR. Co.. 2,400
Lowell & Framingham RR. Co 300
Providence & Stonington SS. Co 2,000,000
Meriden Electric RR. Co 994,500
Stamford Street RR. Co., Com 35,630
Stamford Street RR. Co., Pref 42,650
Boston Terminal Co 200,000
•N. Y., P. & B. & O. C. RR. T. Co 250,000
New York Transfer Co 4,000
Derby Paper Mills Co 895
New Haven Steamboat Co 500,000
Total . ...$7,347,450
BONDS.
Providence & Springfield RR. Co. 5 p. c.
1st Mtge., due July 1, 1922 $750,00u
New Haven & Derby RR. Co. Mtge. Cer-
tificates 6 p. c., due Feb. 1, 1900 478,000
New Haven & Derby RR. Co., 1st Mtge.
7 p. c., due Feb. 1, 1900, $1,000 bonds.. 190,000
New Haven & Derby RR. Co., 1st Mtge.
7 p. c., due Feb. 1, 1900, $500 bonds.... 24,000
New Haven & Northampton Co., 5 p. c.
Consol., due July 1, 1904 350,000
Pawtuxet Valley RR. Co., 4 p. c., due
April 1, 1925 160,000
New Haven Steamboat Co., 5 p. c. $1,000
bonds, due June 1, 1919 99,000
New Haven Steamboat Co., 5 p. c. $500
bonds, due June 1, 1919 75,000
Meriden Horse RR. Co., 1st Mtge. gold, 5
p. c., due 1924 101,000
Stamford Street RR. Co., $500 bonds, 5
p. c., due Aug. 1, 1909 70,000
Stamford Street RR. Co., $100 bonds, 5
p. c., due Aug. 1, 1909 5,000
Atla? Tack Co. $100 bonds, 5 p. c f"
Total $2,302,300
In addition to the foregoing stocks enumerated, the company owned 1,000 shares of stock of tho
Pontiac Branrh RR. Co., and one-twelfth interest in the Iron Works Aqueduct Co., Brookfleld, Conn.
•The N. Y., P. & B. & O. C. RR. Terminal Co. stock represents paid assessments of $15 per share.
The bonds of its leased lines owned by the company on June 3O, 19O2. were as follows :
$350,000 New Haven and Northampton 5s of July 1, 1904; $160,000 Pawtuxet Valley 1st 4s of
April 1, 1925 ; $225,000 New Haven and Derby 1st 7s of Feb. 1, 1900 ; $480,000 New Haven and
Derby 6 p. c. mtge. certs, of Feb. 1. 1900; $240.000 Nantasket Beach 1st 2Js of April 1, 1901; and
$750,000 Providence and Springfield 1st 6s of July 1, 1922.
POOR'S MANUAL — NEW YORK, NEW HAVEN AND HARTFORD RR. CO.
The following stocks and bonds are held by the company as lessee of the Old Colony
RR.:
STOCKS.
12,000 shares of Old Colony S. B. Co.
ft capital stock (2,500 shares) of N. Y.( P. &
B. & O. C. RR. Term. Co., on which as
sessments of $15 a share have been paid.
1,000 shares of Boston Terminal Co.
1,000 shares of Boston Term. Co., held b> Old
Colony RR. Co. as lessee of B. & P. RR.
400 shares of New Bedford, Martha's Vineyard
and Nantucket S. B. Co.
1.435 shares of Union Freight RR. Co.
1,435 shares of Union Freight RR. Co., held by
O. C. RR. Co. as lessee of B. & P. RR.
259 shares of Lowell and Framingham RR. Co.
105 shares of the Sea View Hotel and Wharf
Co.
1 share of Oak Bluffs, Land and Wharf Co.
110 shares of Framingham and Lowell RR. Co.
998 shares of Fall River, Warren and Prov.
RR. Co.
8 shares of Prov., Warren and Bristol RR.
Co., Pref.
STOCKS — Continued.
1,491 shares of P., W. & B. RR. Co., Preferred
held by O. C. RR. Co. as lessee of B. &
^ P. RR.
1,872 shares of P., W. & B. RR. Co., Common,
held by O. C. RR. Co. as lessee of B. &
P. RR.
1,500 shares of B. & P. RR. Co. in R. I., held by
O. C. RR. Co. as lessee of B. & P. RR.
BONDS.
300 $1,000 1st mtge. 7 p. c. bonds, Nos. 1 to 300,
inclusive, of Fall River, Warren and Provi-
dence RR. Co., dated April 17, 1873, due
April 17, 1883.
500 $1,000 mtge. 7 p. c. bonds (interest reduced
Oct. 1, 1&79, to 5 p. c.), Nos. 1 to 500, inclu-
sive, of Framingham and Lowell RR. Co.,
dated April 1, 1871, due April 1, 1891.
19. RAILROADS OWNED OR LEASED BY THE N. Y., N. H. & H. RR. Co.
BERKSHIRE RR. — West Stockbridge to
Conn. State Line, 20.53 m. ; total track (steel,
25.87 m.), 26.58 miles.
HISTORY. — Chartered April 13, 1837; opened
Dec. 1, 1842. Leased to the N. Y., N. H. & H. RR.
Co., for 99 years from April 1, 1893 ; annual rental,
6 p. c. on the capital stock.
INCOME ACCOUNT, year ending June 30, 1902.
— Rental, $36,250 ; dividends, $396 — total, $36,646.
Expenses, $441. Net income, $36,205. Paid divi-
dends (15th, J., A. J. & O., 1J p. c. each), $36,000.
Surplus, $205.
BALANCE SHEET, June 30, 1902. — Capital
stock, ($100 shares), $600,000; unfunded debt,
$1,426; profit and loss, $15,079 — total, $616,505.
Contra : Cost of road and equipment, $600,000 ;
other investments, $3,970 ; other assets, $12,535—
total, $616,505.
CORPORATE OFFICERS. — H. T. Robbins,
Pres., Great Barrington, Mass. ; D. A. Kimball,
Sec. & Treas., Stockbridge, Mass. Office, Stock -
bridge, Mass.
BOSTON AND NEW YORK AIR LINE
RR. — New Haven to Willimantic, Conn., 52.26
m. ; 2d track, 5.23 m. ; total track ( steel. 70.12
m.), 74.12 miles. Rail, 56 and 70 Ibs.
HISTORY. — Reorganization of the New Haven,
Middletown and Willimantic RR. Co., after fore-
closure in 1875. ( See Manual for 1884, page 102. )
Leased to the N. Y., N. H. & H. RR. Co., for 93
years from Oct. 1, 1882 ; annual rental, 4 p. c. on
the preferred stock and interest on bonds.
BALANCE SHEET, June 30, 1902. — Capital
LEASED TO B. &
Cololieater Ry. — Turnerville to Colchester,
Conn., 3.59 m. ; total track (steel, 3.93 m.), 4.62
miles.
Chartered in 1875 ; opened in 1876 ; leased for
999 years to the B. & N. Y. A. L. RR. Co.
Railroads Owned or Leased by the N.
DANBURY AND NORWAL.K RR Dan-
bury to Wilson's Point, Conn., 26.28 m. ; Branch-
ville to Ridgefleld, 3.97 m. ; Bethel to Hawleyville,
6.95 m — total, 36.20 m. ; total track (steel, 54 m.),
57.26 miles.
HISTORY. — Chartered May, 1849. (See Manual
for 1892, page 272.) Leased to the N. Y., N. H.
&. H. RR. Co., for 99 years, from July 1,
1892, for interest on bonds and 5 p. c. on stock.
The lessee owns $446,400 of the capital stock.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $600,000; funded debt (see
below), $650,000; accrued interest, $14,875; profit
and loss, $134,368 — total, $1,399,243. Contra : cost
of road, $1,170,271; equipment, $228,972 — total,
$1,399,243.
FUNDED DEBT, $100,000 consol. 6s and $400,000
consol. 5s of July 1, 1920, and $150,000 gen. 5s of
April 1, 1925.
CORPORATE OFFICERS. — F. St. J. Lockwood,
Pres., Norwalk, Conn. ; John M. Hall, Vlce-Pres. ;
W. L. Squire, Treas. ; H. M. Kochersperger, Sec. ;
New Haven, Conn. Office, New Haven, Conn.
HARLEM RIVER AND PORT CHESTER
RR. — New Rochelle to Harlem River, N. Y.,
11.5 m., double track ; 1.25 m., 3d track ; 1.25 m.,
stock — common, $909,468 ; preferred, $2,998,500 ;
convertible bonds, $1,500 ; funded debt ( 1st 5s of
Aug. 1, 1905, $500,000; current liabilities, $463;
accrued interest, $11,292; profit and loss, $242,040
— total, $4,663,263. Contra: Construction, $4,488,-
525; equipment, $129,932; securities owned, $44,-
806 — total, $4,663,263.
CORPORATE OFFICERS. — J. M. Hall, Pres.;
George H. Brush, Vice-Pres. ; W. L. Squire,
Treas. ; W. L. Squire, Sec. Office, New Haven,
Conn.
N. Y. A. L. RR.
Capital stock ($100 shares), $25,000; funded debt
(1st 7s of July 1, 1907), $25,000 — total, represent-
ing cost, $50,000. Funded debt i* guaranteed by
the N. Y., N. H. & H. RR. Co.
Samuel P. Willard, Pres., Colchester, Conn.
y., N. H. & H. RR. Co. — Continued.
4th track; total track (steel, 89.56 m.), 100.42
miles. Rail, 60 to 100 Ibs.
HISTORY. — Chartered April 23, 1866; road
opened Nov. 24, 1873. Leased to the N. Y.. N. H.
& H. RR. Co., from Sept. 30, 1873 ; rental, interest
on bonds.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in ($1,000,000 auth. ; $100 shares).
$42,550; funded debt (see below), $3,000,000; un-
funded debt, $5,502,777 — total, $8,545.327. Contra :
Cost, of road, etc., $8,545,247; cash, $80 — total,
$8,545,327.
FUNDED DEBT — $1,000,000 1st 7s and $1,000,000
1st 6s of Oct. 1, 1903 ; and $1.000,000 2d 4s of June
1. 1911.
CORPORATE OFFICERS. — J. M. Hall, Pres..
New Haven, Conn. ; Wm. D. Bishop, Vice-Pres..
Bridgeport, Conn. ; W. L. Squire, Treas. ; W. B.
Barnett, Sec. OfBce, Grand Central Station, New
York. N. Y.
MIDDI.ETOWN, MERIDEN AND
WATERBITRY RR Middletown to Water-
bury, Conn., 29.5 m. ; total track (steel; 56 Jbs.),
37.5 miles. No regular trains are run over
the section from Westfleld to Cromwell, Conn.,
3.5 miles.
30
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
HISTORY. — This company is a reorganization,
lu Oct.. 18H8, of the Meriden. Waterbury and
Connecticut Kiver RR. Co. (See Manual for
1897. page 20.) Leased from year to year to the
N. Y.. N. H. & H. RR. Co., the lessee to make
repairs.
FINANCIAL STATEMENT. — Capital stock.
$100,000. No bonded or other indebtedness.
CORPORATE OFFICERS. — John M. Hall,
Pres. ; Wm. L. Squire, Sec. & Treas., New Haven,
Conn.
NAUGATUCK RR — Naugatuck June, to
Wlnsted. Conn., 56.55 m. ; Watertown to Water-
bury. Conn.. 4.44 m. — total, 60.99 m. ; 2d track,
5.40 m. ; total track (steel, 90.26 m.), 92.81 miles.
Rail, 56 to 60 Ibs.
HISTORY.— Chartered In May, 1845; opened
through Sept. 24, 1849. Leased for 99 years from
April 1, 1887, to the N. Y., N. H. & H. RR. Co. ;
rental, bond interest and 10 p. c. dividends.
BALANCE SHEET, June 30, 1902. — Capital
f-.tock. $2.000,000; funded debt (1st 5s of June 1,
1913), $150.000; accrued interest, $500; profit and
loss, $272,784 — total, $2,423,284. Contra : Construc-
tion. $2,024,697 ; equipment, $297,087 ; real estate,
$101,500— total, $2,423,284.
The line between Naugatuck Junction and
Waterbury was being double tracked in Sept.,
1902, and it was proposed to meet the cost of the
work by an issue of 3J p. c. debentures of this
company.
CORPORATE OFFICERS. — W. D. Bishop,
Pres. & Sec., Bridgeport, Conn. ; W. L. Squirt,
Treas., New Haven, Conn. Office, New Haven,
Conn.
NEW ENGLAND RR.— Boston, Mass., to
Hopewell June., N. Y., 213.56 m. ; Wicopee to
FIshkill Landing, N. Y., 1.71 m. ; Boston to South
Uoston, Mass., 1.04 m. ; Newton, Mass., to Woon-
socket, R. I.. 28.67 m. ; Junction to Dedham.
Mass., 1.53 m. ; Islington to Dedham, Mass., 2 m. ;
Providence, R. I., to Willimantic, Conn., 57.76 m. ;
East Thompson, Conn., to Southbridge, Mass.,
17.36 m. ; East Hartford, Conn., to Springfield,
Mass., 28.31 m. ; Melrose to Rockville, Conn.,
7.22 m. — total. 359.16 m. ; 2-1 track, 117.67 m. ;
side and other tracks, 198.67 m. — total track
(steel, 655.06 m.), 675.50 miles. Rail, 60 to 79 Ibs.
Ferry : Fishkill Landing to Newburgh, N. Y.,
0.79 mile.
HISTORY. — Reorganization, Aug. 26. 1895, of
the N. Y. & N. E. RR. Co. (See Manual for
1898. page 587.) Leased to the N. Y.. N. H. & H.
RR. Co. for 99 years from July 1, 1898, the lessee
assuming all obligations of this company and
guaranteeing dividends of 3 p. c. per annum on
thp ^referred stock. In connection with the lease,
provision was made for the exchange of this
company's common and preferred stock for capi-
tal stock of the N. Y., N. H. & H. RR. Co. (See
Manual for 1899, page 26.) Almost all of the
capital stock has been so exchanged. (See Sec.
2.)
BALANCE SHEET, June 30, 1902. — Capital
stock ( $20,000,000 common, $5,000,000 preferred ;
$100 shares), $25,000,000; funded debt (see below),
$16,500,000; current liabilities, $36,157 — total,
$41,536,157. Contra : Cost of road and equipment,
$28,798,192; underlying mtge. bonds of N. Y. &
N. E. RR. Co., $11,500,000; cash and current as-
sets, $886,414; profit and loss, $351,551 — total,
$41.536,157.
FUNDED DEBT consists of $6,000,000 7 p. c.
and $4,000,000 6 p. c. N. Y. & N. E. RR. Ists of
Jan. 1, 1905 ; $1,500,000 N. Y. & N. E. Terminal 4e
of April 1, 1939; and $5,000,000 N. E. RR. gen.
gold 5s of July 1, 1945. The N. Y. & N. E. 1st
mtge. bonds are secured on the entire railroad
property ; the terminal mortgage bonds on part
of the tornMnal property in Boston. The gen.
mtge. gold bonds are secured on the entire prop-
erty of the company, subject to the liens of the
prior mortgages, for the retirement of which a
sufficient amount of the gen. mtge. gold bonds
is reserved. The gen. mtge. gold bonds are
guaranteed by endorsement, by the N. Y., N. H.
& H. RR. Co. (See Manual for 1899, page 36.)
CORPORATE OFFICERS. — John M. Hall,
Pres., New Haven, Conn. ; E. D. Robbins, Vice-
Pres., Hartford, Conn. ; J. W. Perkins, Sec. ; G.
B. Phippen, Treas., Boston, Mass. Office, Boston,
Mass.
RAILROADS LEASED TO THE N. E. RR. Co., LEASES ASSUMED BY THE N. Y., N. H. & H. RR. Co.
Mllford anil Woon socket RR. — Bel-
lingham to Ashland, Mass., 15.13 m. ; total
track (steel, 16.9 m.), 18.77 miles. Rail, 56 Ibs.
Chartered May 2, 1855. Road opened (Milford
to Bellingham, 3.96 m.) June 2, 1866. Leased to
the N. E. RR. Co., for 5 years from April 1,
1902, at a rental of $4,700 per annum. Payments,
year ending June 30, 1902 : Interest on bonds,
$3,0(Ki; dividends (1 p. c.), $1,486 — total, $4,486.
Deficit, $400.
Balance sheet, June 30, 1902. — Capital stock
paid In (auth., $200,000), $148,1)0; funded debt
(1st 5s of Dec. 1. 1908), $60,000— total, $208,600.
Contra : Construction, $173,381 ; profit and los*.
$35,211! — total, $208,600.
W. F. Draper, Pres., Hopedale, Mass. ; J. E.
Walker, Sec. & Treas., Milford, Mass. Office.
Mllford. Mass.
Milford, Franklin and Providence
RR. — Franklin to Bellingham, Mass., 4.65
m. ; total track (steel, 5.02 m.), 5.09 miles.
Road opened Aug. 1, 1883. Leased to the N. E.
RR. Co., for 5 years from April 1, 1897, at a
yearly rental of $1,800. Rental, year ending June
30. 1901, $1,800. Payments : Interest on bonds,
$500; dividend (1 p. c.), $1,000; expenses. $4 —
total, $1.604. Surplus, $1%; deficit forward,
$8,255: net deficit. $8,059.
Balance Sheet, June 30, 1901. — Capital stock,
$100.000; funded debt (1st 6s of Jan. 1. 1909),
$10.000 — total, $110,000. Contra: Cost of road,
$101,308; cash, $633; profit and loss, $8,059— total,
$110.000.
Edgar K. Ray, Pres., Franklin, Mass. ; W. F.
Draper, Vice-Pres., Hopedale, Mass. ; Adelbert
D. Thayer, Treas. ; G. W. Wiggin, Sec., Franklin,
Mass. Office, Franklin, Mass.
Norwich and "Worcester RR. — Groton,
Conn., to Worcester, Mass., 70.97 m. ; connection
at Norwich with N. L. N. RR., 0.63 m. — total,
71.60 m. ; total track (steel, 99.73 m.), 108.25 miles.
Rail, 60 and 80 Ibs.
Consolidation in May, 1836, of the Boston, Nor-
wich and New London and the Worcester and
Norwich RR. Cos. The extension to Groton, 5.44
m., was opened June 4, 1899. The company owns
the capital stock ($500,000) of the Norwich and
New York Transportation Co. The entire prop-
erty is leased to the N. E. RR. Co. for 99 years
from Feb. 9, 1869 ; lease assumed by N. Y., N. H.
& H. RR. Co. Annual rental — interest on bonds
and 8 p. c. on the capital stock.
Income, year ending June 30, 1902 : Rental,
$288,000; other, $730 — total, $288,730. Expenses,
$510. Net income, $288.220. Paid interest on
bonds, $48,000; dividends (J. & J., 4 p. c. each),
$240,000 — total, $288,000. Surplus, $220; surplus
forward, $1,231,732 — total, $1,231,952.
Balance Sheet, June 30, 1902. — Capital stock
(common, $6,600; preferred, $3,000.000), $3,006,600;
funded debt (debenture 4s of March 1, 1927),
$1,200,000 ; unfunded debt, $63,585 ; Income balance,
$16,000 ; profit and loss, $1,231,952 — total, $5,518,137.
Contra : Cost of road, etc., $4,162,514 ; stocks and
other investments, $503,107; other assets, $852,516
— total, $5,518,137. Of the old common stock,
$6,600 was never presented for exchange into
preferred stock. It receives no dividends. The
authorized Issue of bonds is $2,000,000, of which
$800,000 Is reserved for Improvements, etc.
POOR'S MANUAL NEW YORK, NEW HAVEN AND HARTFORD SYSTEM. 31
A. O. Bullock, Pres., Worcester, Mass. ; M. M.
Whlttemore, Treas. & Sec., New Haven, Conn.
Office, Worcester, Mass.
Providence and Springfield RR. — Provi-
dence to Douglas June., 27.73 m. ; total track
(steel, 30.96 ra.), 33.18 miles.
Chartered 1853 ; road opened Aug. 11, 1873 ; ex-
tension from Pascoag to Douglas June., 6.84 m.,
opened June 11, 1893. No regular trains are run
over that section. Leased to the New England
RR. Co., for 93 years from July 1, 1896; annual
rental, fixed charges and 4 p. c. on the capital
stock.
Capital stock ($600,000 auth. ; $100 shares), $517,-
450; funded debt (1st 5s of July 1, 1922), $750,000
— total, representing cost of road, etc., $1,267,450.
W. Tinkham, Pres. ; E. G. Buckland, Treas.
& Clerk., Providence, R. I. Office, Providence,
R. I.
Rhode Inland and Massachusetts RR.
(In Mfi.sM.). — Franklin, Mass., to R. I. State
Line, 6.52 m. ; total track (steel, 6.52 m.), 7.38
miles. Operated by the N. Y., N. H. & H. RR.
Co. at a rental of $10,000 per annum, but there
has been no formal adoption of the old lease.
(See Manual for 1896. page 682.)
Balance Sheet, June 30, 1902. — Capital stock,
$100,000; surplus, $14,821 — total, $114,821. Contra:
Cost of road, $112,321 ; other assets, $2,500 — total,
$114,821.
J. M. Hall, Pres., New Haven, Conn. ; E. G.
Buckland, Treas. & Clerk, Providence, R. I.
Office, Providence, R. I.
Rhode Island and Massachusetts RR.
(In R. I.). — Valley Palls, R. I., to Mass. State
Line, 7.07 m. ; total track (steel, 7.20 m.). 7.90
miles.
Chartered Jan., 1865 ; road opened in Sept.,
1877. Operated by the N. Y., N. H. & H.
Railroads Owned or Leased by the N.
NEW HAVEN AND DERBY RR. — New
Haven to Ansonia, Conn., 12.90 m. ; Derby to
Huntington, Conn., 3.79 m. — total, 16.69 m. ; total
track (steel, 25.64 m.), 25.97 miles. Rail, 56 to 67
Ibs.
HISTORY. — Chartered in May, 1864 ; main line
opened Aug. 1, 1871 ; branch, Nov. 14, 1888. Leased
for 99 years from July 1, 1892, to N. Y., N. H. &
H. RR. Co. Rental, interest on bonds and divi-
dends of 4 p. c. on capital stock.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in ($700,000 auth.; $100 shares), $447,-
000; funded debt (see below). $1,280,000; accrued
interest, $4,792; profit and loss, $28,275 — total,
RR. Co., under an agreement for 2 years from
April 1, 1902, the lessee to pay operating expenses
and taxes, but no rental. Rental, year ending
June 30, 1902, $10,000; interest received, $25 —
total, $10,025. Payments: Dividends (5 p. c.),
$9,000. Surplus, $1,025; surplus forward, $4,110 —
total. $5,135.
Balance Sheet, June 30, 1902. — Capital stock,
$180,000; profit and loss, $5,135 — total, $185,135.
Contra : Cost of road, $183,580 ; other assets,
$1,555 — total, $185,135.
Robert W. Taft, Pres. ; E. G. Buckland, Sec. &
Treas., Providence, R. I. Office, Providence, R. I.
Rockvllle RR. — Vernon to Rockville, Conn.,
4.43 m. ; total track (steel), 5.45 miles.
Chartered May 6, 1857 ; road opened Aug. 10,
1863. Operated by the N. Y., N. H. & H. RR.
Co., under a lease terminable on thirty dayb'
notice by either party, at a rental of $10 a day.
Capital s.tock ( common, $68,750 ; preferred, $40,-
000), $108,750. The N. Y., N. H. & H. RR. Co.
owns the entire capital stock, both common and
preferred.
H. L. James, Pres. ; J. C. Hammond, Jr., Sec.
& Treas. Office, Rockville, Conn.
Woonsocket and Pascoagr RR. — Woon-
socket to Harrisville, 9.45 m. ; total track (steel,
10.27 m.), 10.49 miles. Rail, 56 Ibs.
Chartered May 21, 1889 ; opened about March
1, 1891. Leased to the N. E. RR. Co., for 99
years from April 1, 1896 ; rental, interest on the
bonds.
Capital stock paid in, $200,000; funded debt (1st
5s of Oct. 1, 1910), $100,000 — total, $300,000, repre-
senting cost of property. The capital stock is
owned by the lessee. Interest on bonds is guar-
anteed by the city of Woonsocket.
C. Peter Clark, Pres. ; G. B. Phippen, Treas. ;
J. W. Perkins, Sec., Boston, Mass.
y., N. H. £ H. RR. Co. — Continued.
$1,760,067. Contra: Construction, $1,559,392;
equipment, $200,675 — total, $1,760,067.
FUNDED DEBT consists of $225,000 1st mtge.
7s and $480,000 6 p. c. mtge. certificates, both ma-
tured Feb. 1, 1900; also $575,000 consol. mtge. 5
p. c. bonds, due May 1, 1918. The 1st mtge. bonds
and the mtge. certificates were taken up at ma-
turity by the lessee and are held as a charge
against the road.
CORPORATE OFFICERS. — J. M. Hall, Pres. ;
W. E. Barnett, Vice-Pres. ; W. L. Squire, Treas. ;
H. M. Kochersperger, Sec., New Haven, Conn.
Office, New Haven, Conn.
NEW HAVEN AND NORTHAMPTON RR.
— New Haven, Conn., to Conway June., Mass.,
94.64 m. ; Farmington to New Hartford, Conn.,
14.09 m. ; Northampton to Williamsburg, Conn..
7.51 m. ; South Deerfleld to Turner's Falls, Mass.,
10.07 in. — total, 126.31 m. ; total track (steel, 174.48
m.), 180.02 miles. Rail, 60 Ibs.
HISTORY. — Organized in May, 1836. (See
Manual for 1891, page 378.) Leased for 99 years,
from April 1, 1887, to the N. Y., N. H. & H. RH.
Co. ; rental, interest on bonds and 4 p. c. on
stock. The lessee owns all the capital stock and
$350,000 of the convertible bonds.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in ($5,000,000 auth.; $100 shares),
$2,460,000; funded debt (see below), $2,600,000;
sinking fund, $345,000 ; profit and loss, $1,550,392
— total, $6,955,392. Contra : Construction and
equipment, $6,582,017 ; other investments, $27,613 ;
all other assets, $345,762 — total, $6,955,392.
RAILROAD LEASED TO
Hoi yoke and Weatfleld RR Holyoke
to Westfield, 10.32 m. ; total track (steel, 14.05 m.),
24.56 miles.
Chartered In 1870 ; opened throughout in 1879.
Leased in perpetuity to N. H. & N. RR. Co., and
lease assigned to the N. Y., N. H. & H. RR. Co.
Rental, 50 p. c. of gross earnings, with a mini-
mum guaranty of $8,000 a year.
FUNDED DEBT consists of $1,200,000 consol.
6s of April 1, 1909 ; $700,000 Northern Extension
5s of April 1, 1911 ; and $700,000 convertible 5s
of July 1, 1904. The consols, are a first lien on the
line from New Haven, Conn., to Northampton,
Mass., 76 m., and on the branches to New Hart-
ford and to Williamsburg, a total of 97.6 miles.
They are additionally secured by a sinking fund
of $15,000 a year. (See Manual for 1900, page 30.)
The Northern Extension bonds are a first lien on
the extension from Northampton to Conway June,
and on the Turner's Falls Branch. The convert-
ible bonds fell due in 1896, but were extended for
8 years in consideration of a waiver of the con-
vertible rights by the bondholders.
CORPORATE OFFICERS. — J. M. Hall, Pres. ;
E. A. Ray, Sec. & Treas., New Haven, Conn.
Office, 214 Railroad Office Building, New Haven,
Conn.
N. H. & N. RR. Co.
Income, year ending June 30, 1902 : Rental,
$40,870; other receipts, $379 — total, $41,249. Pay-
ments: Expenses, $3,519; dividends (12 p. c.).
$31,200; interest on bonds, $8,000 — total, $42,719.
Deficit, $1.470.
Balance Sheet, June 30, 1902. — Capital stock,
$260,000; funded debt (1st 4s of April 1, 1911).
$200,000; income balance, $82,580 — total, $492,580.
POOR fl MAM Al, «)K RAILROADS — XK\V K.\«;LAXD GROUP.
Contra : Construction, $462,269 ; cash on band,
$31.781 — total, $492,580. The bonds are guaranteed
by the New Haven and Northampton RH. Co.,
tbe guaranty being assumed by tbe N. Y., N. II
ft H. RR. Co.
E. W. Cbaplin, Pres. ; Fred. F. Partridge,
Tieas. ; James Kirkpatrick, Sec. Office, Holyoke,
Mass.
.Railroad* Owned or Leased by the N. Y., N. II. & 11. RR. Co. — Continut-d.
OLD COLONY RR. — Boston, Mass., to New-
port, K. I., 67.60 m. ; Mayflower Park to Somerset
June.. Mass., 36.31 m. ; Middlebo rough to Prov-
inootown, Mass., Si.t>6 m. ; Rayubam to Whitten-
ton Juno., Mass., 3.38 m. ; Braintree to Kingston,
Mass., 32.34 m. ; South Braintree to Plymouth,
Mass., 26.04 m. ; Framingbam to Lowell, Mass.,
26.12 m. ; New Bedford to Fitcbburg, Mass., 91.25
m. ; Neponset to Mattapan, Mass., 3.3 m. ; StougU-
ton Branch June, to Stougbton, Mass., 1.65 m. ;
Harrison Square, Mass., to Sbawmut and Milton
Ji:nc., 2.39 ui. ; Whitman, Mass., to Bridgewator
Iron Works, 6.12 m. ; Elmwood to Westdale,
Ma<s., 0.75 m. ; Atlantic to Braintree, Mass., 5.41
m. ; South Yarmouth to Hyannis, Mass., 5.05 m. ;
Buzzard's Bay to Woods Hole, Mass., 17.54 m. ;
Tremont to Fairhaven, Mass., 15.17 m. ; North
Abington to Hanover, Mass., 7.8 m. ; Matfleld to
Easton, Mass., 7.56 m. ; extension to Plymouth
and Middleborough RR., in Middleborough, Mass.,
0.42 m. : Middleborough, Mass., to Middleborough
and Taunton June., 8.04 m. ; Attleborough Branch
June, to Attleboro', Mass., 8.60 M. ; Attleboro'
Branch June, to Whittenton, Mass., 0.98 m. ;
Pratt's June, to Sterling June., Mass., 5.03 m. ;
Lancaster Branch June, to Lancaster Mills,
Mass., 1.63 m. ; Marlborough June, to Marlbor-
ough, Mass., 1.47 m. ; South Framingham to
Woman's Reformatory, Mass., 0.62 m. ; Walpole
June, to North Attleborough, Mass., 12.85 m. ;
Walpole June, to Norwood June., Mass., 5.76 m. ;
New Bedford to Fall River, Mass., 12.25 m. ; Fall
River, Mass., to Warren, R. I., 7.95 m. ; connec-
tion with P. A W. RR., 0.22 m. ; connection with
N. E. RR., Boston. Mass., 0.23 m. — total, 507.4S
miles. 2d track, 159.74 m. ; 3d track, 5.61 m. ; 4th
track, 4.55 m. ; sidings, 237.99 m. — total track
(steel, 821.23 in.), 915.38 miles. Rail, 50 to 78
Ibs. In Feb., 1902, work was begun on a branch
from North Attleborough to Adamsdale, 3.5
miles, to replace the Attleborough Branch RR.,
whose lease expired in Dec., 1900. The new
branch wa* expected to be ready for operation
in the early spring, 1903.
HISTORY. — A condensed history of the OKI
Colony RR. Co. is in the Manual for 1885, page
75. (See al&o Manual for 1893, page 505, and
Manual for 1897, page 502.) The company owns
a controlling interest in the Old Colony S. B.
Co. and in the New Bedford, Martha's Vineyard
and Nantucket S. B. Co. The system is lease 1
to the N. Y., N. H. & H. RR. Co., for 99 years
from March 1, 1893, the lessee assuming all lia-
bilities of this company and agreeing, to pay as
rental 7 p. c. a year on the capital stock. The
agreement also provided for an exchange of
stocks on the basis of nine shares of New Haven
for every ten shares of Old Colony (see Sec. 2).
INCOME ACCOUNT, year ending June 30, 1902.
— Rental, $1.816.326. Paid expenses of organiza-
tion, $6.218 ; interest on bonds and on floating
debt. $639,610; dividend (7 p. c.), $1,170,498 — total,
$1.816.326.
STOCKS OWNED. — Old Colony Steamboat
Ftock. $1.277,500: New York, Providence and Bos-
ton and Old Colony RR. Terminal Co. stock,
$52.850; Providence, Warren and Bristol RR.
stock. $1.(WO; New Bedford, Martha's Vineyard
and Nantucket Steamboat stock, $15.340.83 ; Union
Freight RR. stock, $79,014.42 ; Fall River RR. Co.
stock, $245; Lowel! and Framingham RR. Co.
stock, $10,529.69 ; Oak Bluffs Land and Wharf Co.
stock, $70; the Boston Terminal Co. stock, $100,-
000 — total, $1,537.149.94.
General Balance Sheet (O. C. RR.), June 30, 1902.
Capital Stock (auth.. $20,000,000) ... .$16,758,900 00
Liability on Outstanding Stock Old
Cos 8.72500
Funded Debt (see below) 15.261,20000
Bills Payable 187,000 00
Credit Balances 360,330 C7
Dividends Unpaid 16,008 31
Dividend due July I, 190;! 293,28075
Coupons and Accrued Interest 224,24600
Premium on Stock and Bonds Sold.. 1,928,374 92
Surplus Account 767,19397
Total Liabilities $35,805,259 62
Cost of Road $27,281,652 14
Cost of Equipment 3,161,51883
Stocks Owned 1,537,14994
Bost. & Prov. RR. Co., Imp. Acct 3,267,417 68
Providence Terminals 74,01678
Bills Receivable 26,33873
Cash 403.40027
Debit Balances 53,765 25
Total Assets $35,805,25962
FUNDED DEBT, June 30, 1902, consisted of
$1,200 past due 1st mtge. bonds ; $1,912,000 B., C.,
F. & N. RR. 1st 5s of Jan. 1, W10 ; $498,000 de-
benture 44s of April 1, 1904; $750,000 debenture
4s of July 1, 1904 ; $4,000.000 debenture 4s of Jan.
1, 1938 ; $3,000,000 debenture 4s of Feb. 1, 1924 ; anil
$5,100,000 debenture 4s of Dec. 1, 1925. The Boston,
Clinton, Fitchburg and New Bedford bonds are
secured by first mortgage on the line from Fitch-
burp to New Bedford, Mass., and on the Marl-
borough, Weir, Acushnet, Fairhaven, Attlebor-
ough. Sterling, Lancaster Mills and Framingham
Prison Branches, a total of 125.51 miles. This is
the only issue secured by mortgage, those secur-
ing tbe past-due bonds having been discharged.
After June 30, 1902, $1,000,000 3J p. c. bonds were
issued in payment for about 20 acres of land in
South Boston.
BILLS PAYABLE consist of a note for $175,000.
due Aug. 25. 1899, and secured by mortgage on
South Boston lands ; also $12,000 due the Old
Colony Beneficial Association.
COST OF ROAD was increased during the year
$550,415.50. There was received from the Com-
monwealth for grade crossings abolished, $104,-
290.39 : received from sale of land and gravel,
$12,887.80 — total. $117,178.19. Net credit to prop-
erty accounts, $433,237.31.
DIRECTORS (elected Sept. 23. 1902). — C. K.
Choato, Southboro, Mass. ; T. J. Borden, J. S.
Brayton, Fall River, Mass. ; Thos. Dunn, New-
port. R. I. ; John M. Hall, New Haven, Conn. ;
O. A. Gardner, Boston, Mass.; C. L. Levering,
Taunton, Mass. ; J. M. Sears, Boston, Mass. ;
Nathaniel Thayer, Lancaster, Mass. Officers : C.
F. Choate, Pres. ; C. L. Lovering, Vlce-Pres. ; B.
B. Torrey, Treas. ; A. H. Litchfleld, Clerk. Office,
Boston Terminal, Room 526, Boston, Mass.
RAILROADS LEASED By THE OLD COLONY RR. Co., LEASES ASSUMED BY THE N. Y., N. H. & H. RR. Co.
Attleborontfh Branch Ry. — Attleborough
to North Attleborough, Mass., 4 m. ; total track
(steel, 4.44 m.). 6.48 miles.
Chartered Feb. 8. 1867; opened Jan. 9, 1870.
Operated by the N. Y., N. H. & H. RR. Co.,
under a temporary arrangement dating from the
Railroad Map of Massachusetts, Rhode Island and Connecticut.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1795
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF AM. KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual— Railroad Map of the United States, 1903.
MASSACHUSETTS, RHODE ISLAND AND CONNECTICUT.
Woods Hole
NA N
Cottage City SOVNB
Railroad Map of Massachusetts, Rhode Island and Connecticut
POOR'S MANUAL — NEW YORK, NEW HAVEN AND HARTFORD SYSTEM. 33
expiration of the lease to the Boston and Provi-
dence RR. Co. (Dec. 31, 1900), at a rental of 4
p. c. per annum ou the capital stock.
Balance Sheet, June 30, 1901. — Capital stock
($100 shares), $131,700. Contra: Cost of road,
$131,416 ; cash, $241 ; profit and loss, $43 — total,
$131,700.
H. F. Barrows, Pres. ; H. P. Barrows, Jr.,
Treas., North Attleborough, Mass. ; J. R. Bron-
son, Clerk, Attleborough, Mass. Office, North
Attleborough, Mass.
Boston and Providence RR. — Boston,
Mass., to Providence, R. I., 41.89 m. ; East June.,
Mass., to India Point, Providence. R. I., 8.05 m. ;
Forest Hills to Dedham, Mass., 5.37 m. ; Readville
to Dedham, Mass., 2.47 m. ; connection with N. E.
RR., Readville, Mass., 1.20 m. ; Canton June, to
Stoughton. Mass., 4.05 m. — total, 63.03 miles. 2d
track, 54.98 m. ; 3d track, 12.88 m. ; 4th track, 12.88
in.; total track (steel, 219.75 m.), 237.61 miles.
This includes only one-half of mileage of tracks
between Providence Passenger Station and Bos-
ton Switch, owned Jointly with Providence and
Worcester RR. Co. Rail, 70 and 78 Ibs.
Chartered July 22, 1831 ; opened In Aug.. 1835.
(See Manual for 1891, page 415.) Leased to the
Old Colony RR. Co., for 99 years from April 1,
1888, the rental payable under the lease being an
amount equivalent (o the Interest on the bonds,
dividends at the rate of 10 p. c. per annum on the
capital stock and $3,000 per annum for organiza-
tion expenses.
Income Account, year ending June 30, 1902. —
Rental, $491,673 ; other receipts, $400 — total, $492,-
073. Payments: Coupons, $80,800; dividends (10
p. c.), $400,000; other expenses, $4,024— total, $490,-
824. Surplus, $1,249.
Balance Sheet, June 30, 1902. — Capital stock
($100 shares), $4,000,000; funded debt (1st 4a of
July 1, 1918, $2,170,000; unfunded debt, $249,075;
profit and loss, $81,341 — total, $6,500,416. Contra :
Cost of road, etc., $5,917,323 ; other Investments,
$419.703 ; cash, $163,390 — total. $6,500,416.
R. C. Taft, Pres., Providence, R. I. ; B. B. Tor-
rey, Treas. & Clerk, Boston, Mass. Office, Boston
Terminal. Room 526, Boston, Mass.
Chatham RR. — Harwich to Chatham, Mass.,
7.07 m. ; total track (steel, 7.47 m.). 7.84 miles.
Rail, 50 Ibs.
Chartered Feb. 25, 1887; opened Nov. 21, 1887.
Leased to the Old Colony RR. Co., Jan., 1888;
lease may be terminated at any time.
Rental, year ending June 30, 1902, $3,121 ; other
receipts, $242 — total, $3,363. Payments : Interest
on bonds, $1,422 ; other charges, $315 — total, $1,-
737. Surplus, $1,626.
Balance Sheet, June 30, 1902. — Capital stock,
($100 shares), $68,200; funded debt ($5,700 1st 6s
of Nov. 1, 1902. and $18,000 1st 6s of Nov. 1, 1907),
$23,700 ; unfunded debt, $237 ; income balance,
$12,965 — total, $105,102. Contra: Cost of road,
Railroads Owned or Leased by the N,
PAWTUXET VALLEY RR Pontiac to
Hope, R. I., 5.67 m. ; total track (steel, 5.88 m.),
7.08 miles.
HISTORY. — Chartered Aug. 27, 1872; opened
Aug. 1, 1874. Leased to N. Y., P. & B. RR. Co.
for 99 years from July 1, 1884, and lease assigned
to the N. Y., N. H. & H. RR. Co. Annual rental
— Interest on the bonds and 7 p. c. on the capital
stock.
BALANCE SHEET, June 30, 1902. — Capital
stock, $100:POO; funded debt (1st 4s of April 1.
1925), $160.000 — total, $260,900. Contra: Cost of
road, etc., $260,900.
CORPORATE OFFICERS. — Henry Howard,
Pres. ; W. H. Pope, Clerk & Treas. Office, Provi-
dence, R. I.
PROVIDENCE AND WORCESTER RR.
— Providence, R. I., to Worcester, Mass, (owned,
40.9 m.), 43.41 m. ; Valley Falls to East Provi-
dence, 7 m. — total (owned, 47.9 m.), 50.41 miles.
2d track (owned, 39.88 m.), 48.98 m. ; 3d track
(owned, 2.15 m.), 4.30 m. ; 4th track (owned,
2.15 m.), 4.30 m. ; total track (owned, 168.90 m. ;
„?• A- Freeman, Pres., North Chatham. Mass.:
Chas. Bassett. Treas., South Chatham, Mass.
Office, Chatham, MESS.
Nantasket Beach RR — Nantasket June, to
Pemberton, Mass., 6.95 m. ; 2d track, 6.88 m. • to-
tal track (steel, 17.77 m.), 18.33 miles. Rail, 66
Ibs. Operated by electricity.
Reorganization of a company of the same name
whose property was sold under foreclosure Jan.
7, 1884. (See Manual for 1891, page 29.) Leased
in 1888 to the Old Colony RR. Co., for 99 years at
a yearly rental of $6,250. Lessee has the option
under the lease of purchasing the property In
1908, for the sum of $150,000. Funded debt (1st
2Js of April 1. 1901), $250,000, representing cost,
etc.
Arthur W. Moors, Trustee, Boston, Mass. Of-
fice, Pemberton (Hull), Mass.
Plymouth and MiddlehoronKh RR.—
Plymouth to Middleborough, Mass., 15.03 m. ; to-
tal track (steel, 15.96 m.), 16.05 miles. Rail 66
Ibs.
Chartered March 20, 1890 ; road opened Dec. 4,
1892. Leased for 99 years from Jan. 1, 1892, to the
Old Colony RR. Co. ; no rental for first 25
years of the lease ; beginning Jan. 1, 1917, lessee
will pay as rental 30 p. c. of gross earnings, 4
p. c. on capital stock to be guaranteed. Mean-
while Interest on bonds is guaranteed and paid
by the lessee.
Balance Sheet, June 30, 1902. — Capital stock
($100 shares), $80,000; funded debt (1st 5s of Jan.
1, 1912), $225,000 — total, representing cost, $305,-
000.
T..D. Shumway, Pres. & Treas.; B. A. Hatha-
way, Clerk. Office, Plymouth, Mass.
Providence, Warren and Brimtol RR. —
East Providence to Bristol, R. I., 13.6 m. ; India
Point Branch, 0.75 m. — total, 14.35 m. ; 2d track,
7.77 m. ; total track (steel, 26.25 m.), 29.78 miles.
Rail. 56 to 70 Ibs.
Chartered as the Providence and Boston RR.
Co., Oct., 1850 ; name changed June, 1852. Opened
in July, 1855. Leased to the Old Colony RR. Co.,
for 95 years and nine months from July 1, 1891 ;
lessee to pay 5 p. c. on common and 5 p. c. on
preferred stock for ten years, and 6 p. c. on
each during the remainder of lease ; also to
pay Interest and taxes, and $500 per annum for
salaries.
Balance Sheet, June 30, 1902. — Capital stock,
($100 shares), preferred, $150,000; common, $287,-
300; unfunded debt, $53,090; profit and loss, $22,-
116 — total, $512,506. Contra : Cost of road, etc.,
$497,411 ; cash assets, $15,096 — total, $512,506.
C. F. Choate, Pres. ; B. B. Torrey, Treas., Bos-
ton, Mass. ; E. G. Buckland, Sec., Providence.
R. I. Office, Boston Terminal, Room 526, Boston,
Mass.
Y., N. H. & H. RR. Co. — Continued.
steel, 165.38 m.), 183.27 miles. Between Provi-
dence Passenger Station and Boston Switch, 6
m., the roadbed and tracks are owned jointly
with the Boston and Providence RR. Co. Rail
(steel), 60 to 100 Ibs.
HISTORY. — Consolidation, Nov. 4, 1845, of two
companies of the same name, chartered In 1844.
Main line opened in Oct., 1847; branch in 1875.
Leased for 99 years from July 1, 1892, to the N.
Y., N. H. & H. RR. Co., at an annual rental
of 10 p. c. on the capital stock, interest on the
bonds, and $6,000 for organization expenses.
INCOME, year ending June 30, 1902. — Rental,
$416000; other receipts, $1,609 — total, $417,609.
Paid interest on bonds, $60,000; dividends (10 p.
c.), $350,060 ; organization expenses, $5,877, leaving
surplus, $1,732.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $3,500,000; funded debt (1st
4s of Oct. 1, 1947). $1,500,000; income balance.
$223,845 — total. $5,223.845. Contra: Cost of road,
etc., $5,105.137; other assets, $118,708 — total, $6,-
223,845.
34
POOR'S MANUAL OP RAILROADS — NEW ENGLAND GROUP.
CORPORATE OFFICERS. — M. B. I. Goddard,
Pres. ; W. A. Leete, Sec. & Treas., Providence.
R. I. Offlce, Lauderdale Building. 144 Westmin-
ster St., Providence, R. I.
8TOCKIIKIOGE AND PITTSFIEI-D RR.
— Vandeusenvllle to Pittsfleld. Mass., 22.02 m. :
total track (steel, 34.12 m.), 35.07 miles.
HISTORY. — Chartered March 20, 1847; opened
Jan. 1, 1850. Leased to N. Y.. N. H. & H. RR.
Co. for 99 years from April 1, 1893 ; rental, lessee
to pay 6 p. c. on capital stock and $250 for or-
ganization expenses.
INCOME ACCOUNT. — Income, year ending
June 30, 1902 — Rental, $27,172; other receipts.
$204 — total, $27,376. Payments: Expenses, $390;
dividends (6 p. c.), $26,922 — total, $27,312. Sur-
plus, $64.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares). $448.700; unfunded debt.
1139 ; profit and loss, $10,210 — total, $459.049. Con-
tra : Construction, etc., $448,700 ; other Invest-
ments, $2,550 ; sundry assets, $7,799— total, $459 -
019.
CORPORATE OFFICERS.— H. W. Taft, Pres.,
Plttsfleld, Mass. ; D. A. Kimball, Sec. & Treas.,
Stockbridge, Mass. Offlce, Stockbridge, Mass.
WEST STOCKHRIDGE RR West Stock-
bridge to State Line of New York, 2.64 m. ; total
track (steel, 3.24 m.), 3.57 miles.
HISTORY. — Chartered April 5, 1836; road
opened Aug. 10, 1838. Leased to the N. Y., N. II.
& H. RR. Co., at a rental of $1,800 a year, equiva-
lent to dividends, at the rate of 4J p. c. on the
capital stock.
BALANCE SHEET, June 30, 1902. — Capital
stock, $39,600; profit and loss, $450 — total, $40,-
050. Cost of road, $39,600 ; cash and other assets,
$450 — total, $40,050.
CORPORATE OFFICERS.— J. M. Hall, Pres.;
H. M. Koeherspergtr, Clerk & Treas., New Ha-
ven, Conn. Offlce, New Haven, Conn.
2O. Board of Directors, N. Y., N. H. d H. RR. Co., elected October 15, 1902.
Cbas. F. Choate. . Boston, Mass.
Nathaniel Thayer " "
Royal C. Taft. Providence, R.I.
C. F. Brooker Ansonla, Ct.
Carlos French. . ..Seymour, Ct.
Geo. J. Brush . . New Haven, Ct.
I. DeVer Warner.Bridgeport.Ct.
A. D. Osborne, New Haven, Ct.
F. W. Cheney, 3. Manchester.Ct.
Edwin Milner Moosup, Ct.
Win. Skinner. ..Holyoke, Mass.
D. Newton Barney . Hartford Ct.
Wm. D. Bishop. Bridgeport, Ct.
Joseph Park. . .New York, N. Y.
C. M. Depew..
Wm. Rockefeller "
J. P. Morgan.. "
Geo. M. Miller.
John M. Hall . . New Haven, Ct.
JOHN M. HALL, President New Haven, Conn.
W. F. Merrill, 1st T ice-President " "
Percy R. Todd, 2d V 'ice-President
Wm. E. Barnett, 3d V ice-President " "
Fayette S. Curtis, 4* h Vice-President Boston, Mass.
Treasurer — A. S. May New Haven, Ct. | Cotnpt. — II. M. Kochersperger New Haven, Ct
Secretary — W. D. Bishop, Jr Bridgeport, Ct.
PRINCIPAL OFFICE AND ADDRESS New Haven, Conn.
PORTLAND AND RUMFORD FALLS RAILWAY.
1. Main Line. — Rumford June, to Rumford Falls, Me 53.58 m.
Otis Falls Branch: Canton to Livermore Falls, Me 10.27 m. — 63.85 miles.
TRACKAGE : Maine Central RR. : Rumford Junction to Lewiston, Me 4.20 "
Total length of lines operated, June 30, 1902 68.05 miles.
Sidings, etc., 26.19 miles. Gauge, 4 ft. 8% in. Rail (steel, 88.27 m.), 70 to 80 Ibs.
2. History.— Chartered, Dec. 4, 1890; road completed Feb. 12, 1894 (see MANUAL
for 1897, page 15). The Rumford Falls and Buckfield RR. Co. was absorbed in Nov.,
1896. The Otis Falls Branch was put in operation about Sept. 1, 1897. The company
owns a controlling interest in the capital stock of the Rumford Falls and Rangeley Lakes
RR. Co.
3. Rolling Stock, June 30. 1902. — Locomotives, 11. Cars — passenger, 6; combina-
tion, 2; baggage, mail, and express, 2; freight (box, 75; stock, 1; flat, 138; coal, 50), 264;
service, 32 — total cars, 306.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 111,458;
freight, 99,685 — total, 211,143 miles. Passengers carried, 177,746; carried one mile,
4,550,727 ; average mile rate, 2.501 cents. Tons freight moved, 562,827 ; moved one mile,
19,338,077; average ton-mile rate, 2,053 cents.
EARNINGS.
1900-01 1901-02
$94 567 85 $113805 79
EXPENSES.
Maint Way <fc Bldgs
1900-01 1901-02
$108697 68 $119617 73
Freight. .
331 489 12 397061 51
V7 49O 4Q ^Q 7fiR R<;
Mail and Express
10*679 80 13 582 88
120555 27 130891 40
Miscellaneous
3 371 08 4*370 58
19 614 64 20 296 59
Totals
. $440.107 85 $528 820 76
Totals
$286 297 08 $310 172 57
Averages per Mile
6,467 42 7,771 06
Averages per Mile ....
4,207 16 4,658 01
POOR'S MANUAL OF RAILROADS — PORTLAND AND RUMFORD FALLS RY. 35
Net earnings, 1901-2 (41.35 p. c.), $218,648.19; other receipts, $27,864.90— total,
$246,513.09. Payments: Interest on funded debt, $53,680; taxes, $15,309.67; sinking
fund, $11,666.66; dividends, (6 p. c.), $90,000— total, $170,656.33. Surplus, $75,856.76.
5. Profit and LOSS Account, year ending June 30, 1902. — Surplus income, $75,-
856.76; surplus from June 30, 1901, $236;956.77; premium on bonds sold, $2,280; prem-
ium on stock sold, $125,000; miscellaneous receipts, $8,729.15— total, $448,822.68. Contra:
Premium on bonds purchased, $5,000; miscellaneous payments, $9,800.25; surplus, June
30, 1902, $434,022.43— total, $448,822.68.
6. Capitalization, permanent investments, income, etc., for eight fiscal years:
CostRR. RR. r, — M.t vr.i !?.__,. r»:..:j__j_ Total Balance
Yrs.
Capital
Stock
1895
1896
1897
1898
1899
1900
1901
1902
$
. 300,000
300,000
1,000,000
Bonded v "' j5£*l Gross Net Net First Dividends
Debt ments ated EarninB* Earnings Income Charges
$ $ Miles
684,800 1,130,709 57.10 173,350
738,000 1,324,162 57.06 211,906
$ $ S
72,458 41,886 (5) 13,800
86,838 46,508 (5) 15,000
Pay- Sur-
ments plus
S %
55,686 16,772
61,508 25,330
82,879 26,567
S
72,458
86,838
999,0002,300,119 57.06 262,624 109,446 109,446 52,879 (5)30,000
1,000,000 1,349,000 2,740,826 65.39 299,046 123,978 123,978 66,282 (4)40,000 106,282 17,696
1,000,0001,350,0002,422,927 68.05 300,808 116,542 150,474 61,576 (6)60,000 121,576 28,898
1,000,0001,342,0002,460,769 68.05 356,480 151,032 171,729 59,127 (4)40,000*141,127 30,602
1,500,0001,342,0002,620,687 68.05 440,108 153,811 175.196 76,147 (5)65,000 141,147 34,049
2,000,0001.342,0003,368,700 68.05 528,821 218,648 246,513 80,656 (6)90,000 170,656 75,857
* Includes appropriation of $12,000 for new bridges and of $30,000 for new equipment.
7. General Balance Sheet, June 30, 1902.
Construction $2,092,776 41
Cost of Equipment 280,63636
Real Estate 23,797 82
Stocks and Bonds Owned 633,98900
Other Permanent Investments 337,50000
Materials and Supplies 39,04857
Notes Receivable 213,00000
Trustees' Sinking Fund 33,22733
Cash and Current Assets 238,87631
Total Assets $3,892,85180
Capital Stock ($100 shares) $2,000,00000
Funded Debt Outstanding (see below) . 1,342,00000
Interest and Taxes Accrued 19,01493
Current Liabilities 64,587 11
Sink'g Funds for Redemption of Bonds 33.227 33
Profit and Loss 434,022 43
Total Liabilities $3,892,85180
8. Fnnded Debt. — The funded debt outstandfng on June 30, 1902 — total, $1,342,000, as per
general balance sheet — consisted of (a) $992,000 1st (con?ol.) sinking fund gold 4s of Nov. 1.
1926, and (b) $350,000 debenture sinking fund gold 4s of Aug. 1, 1927.
9. Directors, (elected Sept. 9, 1902).— Hugh J. Chisholm, Fred E. Richards, R. C.
Bradford, Portland, Me. ; Waldo Pettengill, George D. Bisbee, Rumford Falls, Me. ; Galen
C. Moses, Bath, Me.; George C. Wing, Auburn, Me.; Charles D. Brown, Boston, Mass.;
A. N. Burbank. New York, N. Y.
HUGH J. CHISHOLM, President Portland, Me.
Waldo Pettengill, V 'ice-President Rumford Falls, Me.
Treas. & Clerk — R. C. Bradford. .. .Portland, Me. | Supt. — K. L. Lovejoy Rumford Falls, Me.
PRINCIPAL OFFICE AND ADDRESS Portland, Me.
Operating Office Rumford Falls, Me.
RUMFORD FALLS AND RANGELEY LAKES RR.— Rumford Falls to Be-
mis, Me., 27 m.; Houghton to Township E, 4.31 m.— total, 31.31 m.; total track (steel;
60 and 65 Ibs.), 36.90 miles. Gauge, 4 ft. 8y2 in. The company has running rights at
Rumford Falls over 1.42 miles of the Portland and Rumford Falls Ry.} making the
length of line operated, 32.73 miles.
History.— Chartered, Sept. 11, 1894, and acquired all the rights of the Portland
and Rumford Falls RR. Co. for extension of its line to the lakes. Road opened to Bemis
on May 20, 1896. An extension from Bemis to Oquossoc, 9.3 miles, has been completed
and put in operation since the close of the fiscal year. The cost of the extension was
met by issuing $150,000 of capital stock. The Portland and Rumford Falls Ry. own a
controlling interest in the capital stock of this company.
Rolling Stock, June 30, 1902. — Locomotives, 4. Cars — passenger, 1; baggage,
etc., 1; freight (box, 2; flat, 49; logging, 106), 157; other, 16— total, 175. Of this
equipment, 1 locomotive, 1 box, and 49 flat cars are held under car trusts.
Operations, year ending June 30, 1902. — Revenue trains run (passenger, 25,119;
freight, 29,534; mixed, 2,543), 57,196 miles. Passengers carried, 18,060; carried one
mile, 382,854. Tons freight moved, 109,342; ton-miles, 2,371,157. Earnings (passenger,
36 POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
$17,637; freight, $80,253; other, $3,312), $101,202. Operating expenses, $73,295. Net
•Mining. $-_'7,!>07; other income, $187 — total, $28,094. Payments: Interest on bonds,
SL'n.oOO; other interest. $438; taxes, $1.427— total. *•_»!. S(i5. Surplus, $»j.229; surplus
forward, $41,123; additions for year, $3,535; deductions for year, $2,513— total, $4H.:i74.
General Balance Sheet, •'»»«• so, 1902.— Capital stork ision shan-si. *:{iMU)<>n:
funded debt (1st gold 5s of Oct. 1, 1937), $400,000; accrued taxes, $573; notes payable,
$9,181; current liabilities, $17,033; interest accrued, not due, $5,000; profit and loss,
$48.374 — total, $780,161. Contra: Cost of road and equipment, $723,752; real estate,
$1.536; cash and current assets, $54,873 — total, $780,161.
Directors (elected Sept. 9, 1902).— Hugh J. Chisholm, Win. W. Brown, Herbert
J. Brown, E. B. Denison, Fred E. Richards, R. C. Bradford, Portland, Me.; Galen C.
Moses, Bath, Me.; Waldo Pettengill, George D. Bisbee, Rumford Falls, Me.; Walter E.
Plummer, Lisbon Falls, Me. OFFICERS: HUGH J. CHISHOLM, Pres.; R. C. Bradford,
Treas. d Clerk, Portland, Me.; Waldo Pettengill, Gen. Mgr., Rumford Falls, Me. GEN-
ERAL OFFICE, Portland, Me.
RUTLAND RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Controlled Properties 13
Directors and Officers 14
Earnings and Expenses 4
Funded Debt Details 9
General Balance Sheet 7
Guaranteed Bonds 11
History 2
Income Account 4
Interests in Other Companies 2
Leased Lines 13
Mileage Operated 1
New Equipment Bonds 10
Operations & Inc., 1901-1902.. 6
Preferred Stock Preference. £
Profit and Loss Account — 5
Rolling Stock 3
Stocks and Bonds Owned 12
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 397.33 miles).
Main Line: White Creek, Vt., to Canada Line, Que 161.40 miles.
Lebanon Valley Division: Chatham, N. Y., to North Bennington, Vt 57.30 "
Bennington Branch : Bennington to North Bennington, Vt 4.50 "
Bellows Falls Division : Rutland to Bellows Falls, Vt 52.53 "
Ogdensburg Division: Alburgh, Vt., to Ogdensburg, N. Y 121.60 "
B. LEASED LINES (total, 19.00 miles).
Addison RR.: Leicester Junction, Vt., to Ticonderoga, N. Y 15.60 "
Rutland and Noyan Ry. : Noyan Junction, Que., to State Line, Vt 3.40 "
Total length of lines operated, June 30, 1902 416.33 miles.
Sidings (owned, 87.03 m.; leased, 1.51 m.), 88.54 miles. Gauge, 4 ft 8y2 in. Rail-
iron, 60; steel (owned, 484.36 m.; leased, 20.51 m.), 56 to 80 Ibs.
2. History. — Reorganization, in July, 1867, of the Rutland and Burlington RR. Co.
(see MANUAL for 1898, page 24.) The Rutland-Canadian RR. Co. was absorbed in Janu-
ary, 1901; the Bennington and Rutland Ry. Co., on July 30, 1901; the Ogdensburg and
Lake Champlain Ry. Co., on September 27, 1901, and the Chatham and Lebanon Valley
RR. Co., on December 21, 1901. (See MANUAL for 1902, page 33.) During the year
ending June 30, 1902. the company acquired the entire capital stock, ($300,000) of the
Ogdensburg Terminal Co., thereby securing the control of the terminal property. There
are outstanding $140,000 mortgage bonds of the Ogdensburg Terminal Co., interest on
which at 4 per cent, has been guaranteed by the Rutland RR. Co.
Through Passenger Line to Montreal. — Effective November 3, 1901, arrangements
were made under which the passenger trains of this company are run through to Mont-
real, over the Quebec Southern Ry. from Noyan Junction to Quebec Southern Junction,
and over the Canadian Pacific Ry. from Quebec Southern Junction to Montreal. A
trackage arrangement has also been made with the Boston and Maine RR. and the New
York Central and Hudson River RR. Co., by which passenger trains of tl.e Rutland RR.
may run to Troy and to Albany, thereby opening a through line from those points to
Montreal.
Interests in Other Companies. — The Rutland RR. Co. operates under lease the Addi-
son RR. and the Rutland and Noyan Ry., and controls the Rutland Transit Co., and the
Ogdensburg Terminal Co., through ownership of their entire capital stocks. The Rutland
RR. Co. also owns the capital stock of the Rutland and Noyan Ry. Co. and 99 per cent, of
POOR'S MANUAL OF RAILROADS RUTLAND R.R. CO.
37
the capital stock of the Addison RR. Co. (See separate statements for the companies
named, in Section 13.)
3. Rolling Stock, June 30, 1902. — Locomotives, 72. Cars— passenger, 46; com-
bination, 12; baggage, mail, and express, 24; milk, 5; freight (box, 1,950; flat, 272;
stock, 47; refrigerator, 35; coal, 394; other, 8), 2,706; service, 81 — total, 2,874. (See
references to equipment trusts in Sections 10 and 11.)
4. General Income Account, year ending June 30, 1902.
Earnings — Passenger $771,90594
Freight 1,229,760 21
Mail and Express 100,79768
Rents and Miscellaneous... 31,91798
Total ($5,126.66 per mile) $2,134,38181
Expenses— Maint. Way and Structures $264,09093
Maintenance of Equipment. 177,36816
Conducting Transportation . 850.543 11
General Expenses 79.28963
Total ($3,293.76 per mile) $1,371,29173
Net earnings, 1901-2 (35.75 p. c.). $763,090.08; other receipts (dividends on stock
owned, $78,014; interest on bonds, $58,300; interest on cash loaned, $23,611.78), $159,-
925.78 — total, $923,015.86. Deductions: Interest on funded debt, $491,041.50; on loans,
$49,011.80; taxes, $67,548.35; rentals of leased lines (Addison RR., $15,000; Rutland and
Noyan RR., $4,000), $19,000; sinking fund, equipment bonds, $33,000; dividends on
preferred stock (3 p. c.), $261,728— total, $921,329.65. Surplus, $1,686.21.
5. Profit and Loss Account, June 30, 1902. — Credit: Balance, June 30, 1901,
$966,608.12; cancellation of 90 shares of common stock, $8,100; dividend earned and not
accrued, $3,262.50; miscellaneous credits, $3,320.54; surplus income for year, $1,686.21 —
total, $982,977.37. Debit: New bridges, erected in 1901, $11,410.59; dividend No. 50,
July 1, 1901, $95,338; accrued interest and sinking fund, prior to June 30, 1901, $115,-
994.84; miscellaneous debits, $4,131.69; balance at credit, June 30, 1902, $756,102.25 —
total $982,977.37.
6. Statement of operations and income for two years ending June 30, 1901, and
June 30, 1902, the statistics of the Chatham and Lebanon Valley RR. being included for
both years, for purposes of proper comparison. The Rutland-Canadian RR., 41 miles,
was not opened for business until January 1, 1901 ; therefore the statistics of that road
are included only for 18 months:
1901
1902
1901
1902
Miles Road Operated (average). . .
395.83
416.33
Net Earnings
$
674 389 44
$
76309008
Other Receipts
9655806
15!» 'I.',) 7>
T> T * M"l« no
806682
967390
803.510
625i692
Net Income . .
770 947 50
923,015 86
19,510
187,055
6800020
67,548.35
I s nrm ff\
I1' IKK) <«i
Total Fevenue Trr»in Mileage
1,629,702
1,780,137
Interest on Bonds
394,943.27
491,041.50
9163503
49011.80
907,852
1 191,092
3300000
26 760,898
31 924,359
169 564.00
261 728.00
1572050
1,521,956
739,142.50
921,329.65
136 6<>1 403
155 609 376
Balance, Surplus
31,805.00
1,686.21
$
645 172 29
9
771 905 94
4.883.76
5,126.66
1 168 052 S3
1 229 760 21
Operating Expenses per Mile
3,180.02
3,293.76
Other
11991094
132 715 66
Net Earnings per Mile
1,703.74
1.832.90
65.11 p. c.
64.25 p. c.
Gross Earnings
1 933 136.06
2,134,381.81
1 25S 740 O9
1 371 2<H 73
Earnings per Pass, per Mile
2.30 c.
2.39 e.
0.84 c.
0.79 c.
Net Earnings
074 389.44
703,090.08
_
Construction and Eeraipment $18,679.54912
Stocks and Bonds Owned (see Sec. 12) 974,907 37
Advances to Rutland Transit Co 310,88460
Materials and Supplies 283,53900
Current Accounts 438,54517
Cash on Hand 410,47183
Special Improvement Fund 809,42356
7. General Balance Sheet, June 30, 1902.
Common Stock ($100 shares) $199,40000
Preferred Stock ( $100 shares) 9,067.600 00
Funded Debt Outstanding (se« Sec. 9) 11. 162.00001
Current Liabilities i35«S2I2
Profit aud Loss 756,10225
Total Assets $21,907,32095
Total Liabilities $21,907.820 86
38
POOR'S MANUAL OF RAILROADS — XEW ENGLAND GROUP.
8. Capital Stock. — The common stock Is being retired as fast as presented for conversion
Into preferred stock, the basis of exchange being one ^hare of preferred for ten shares of common.
The preferred stock is entitled to cumulative dividends at the rate of 7 p. c. per annum.
5>. Kiinilofl Debt. — The funded debt on June 30, 1902 — total, $11,162,000, as per general
balance sheet — consisted of the following :
Sl.or.'MOO Rutland RR. 1st 6s of Nov. I, 1902,
retired at maturity by issuing in exchange an
equal amount of consol. gold 4i-s of July 1, 1941.
Rutland RR. 2d mtge. 5 p. c. bonds due
and interest ceased on Aug. 1, 1898. On June 30.
1902, there were J.MA) of these bonds in the treas-
ury of the Rutland RR. Co., leaving only $100
outstanding
$2,1-10,000 Rutland RR. consol. gold
of
July 1, 1941. The authorized amount is $3,500,000,
the unissued bonds belug reserved for the retire-
ment of prior liens. On Jan. 1, 1903, the amount
outstanding was $3,499,100, the additional $1,059,-
100 having been issued to retire the 1st mtge.
bonds matured Nov. 1, 1902. Secured on the line
from Bellows Falls to Burlington, Vt., 119.7 miles.
$l,:t5O,OOO Rutland-Canadian 1st gold 4s of
July 1, 1949. Secured on the line from Burlington
to Rou.-e's Point and on the branch from Al-
burgh to tbe Canadian Boundary, a total of 41
miles.
$5<M>,OOO Bennington and Rutland 1st gold
4}s of Nov. 1. 1927. Secured on the line from Rut-
land to Bennington, N. Y., 57.01 miles, and on the
branch from North Bennington to White Creek,
1.85 miles.
$5OO.OOO Bennington and Rutland Id gold 5s
>f March 1, 1920. Tbe bonds are subject to re-
demption at par on any interest day after 60
days' notice. Secured on the same property as,
but subject in lien to, the first mortgage bonds of
1927.
$4,4OO,OOO Ogdcnsburg and Lake Champlain
1st gold 4s of July 1, 1948. The registered bond-
holders bad the right to cast one vote for every
$100 of their bonds at all meetings of the Ogdens-
burg and Lake Champlain Ry. Co., but their
status under the consolidation is uncertain. Se-
cured on the line from Ogdensburg to Rouse's
Point and on branches to Point Airy and to
Chateaugay Pulp Mills, a total of 121 miles.
$5OO,OOO Chatham and Lebanon Valley 1st
gold 4s of July 15, 1951. Secured on the line from
Chatham. N. Y., to Bennington, Vt., 56 miles.
Endorsed, guaranteed as to principal and interest
by the Rutland RR. Co. The entire issue is held
in the treasury of the company.
#412,000 Equipment 4i p. c. bonds, payable
$33,000 yearly. Secured on 600 box freight cars
and 250 coal cars.
1O. New Equipment Bond*. — As of the date of April 1,1902, the company issued $1,500,-
000 of 41 p. c. equipment bonds, the proceeds from the sale of which are to be applied to the pur-
chase of 34 locomotives, 35 passenger cars, 705 freight cars and 10 service cars. Although the bonds
are dated April 1, 1902, they were not taken up in the company's accounts for the year ending June
30, 1902, as final arrangements had not been made at the time the books were closed. They are to
be retired in fifteen yearly installments. These are the same bonds referred to in the MANUAL for
1902, page 35, Sec. 12a, but the purchase of less equipment having been decided upon, the amount
of the trust has been reduced $1,000,000.
11. Guaranteed Homln. — The company guarantees the $100,000 1st mtge. 4 p. c. gold
bonds of the Rutland and Noyan Ry. Co., both as to principal and interest, and guarantees the
interest on $140,000 4 p. c. bonds of the Ogdensburg Terminal Co. (See Sec. 2.)
12. Stocks and Honda Owned. — The securities in the treasury of the company on June
30, 1902, consisted of the following: Rutland RR. preferred stock, $103,100, and common stock.
$500; Addison RR. stock, $451,000; Rutland Transit stock, $1,000,000; Rutland and Noyan Ry.
stock, $100,000 ; Rutland and Noyan Ry. 1st mtge 4 p. c. bonds, $100,000 ; Rutland Transit 1st
mtge. 5 p. c. bonds, $601,000 ; Rutland RR. 2d mtge. 5 p. c. bonds, $800 ; Chatham and Lebanon
Valley 1st mtge. 4 p. c. bonds, $500,000 ; Ogdensburg Terminal Co., 4 p. c. bonds, $50,000 — total
par value, $2,906,400.
13. PROPRIETARY AND LEASED PROPERTIES.
ADDISON 11R. — Leicester June., Vt., to Ti-
conderoga, N. Y., 15.60 m. ; total track (steel; 60
Ibs.), 17.60 miles.
HISTORY. — Chartered in 1870; road opened
Dec. 1, 1S7U. Leased to Rutland RR. Co. at a
yearly rental of 3 p. c. on the capital stock.
FINANCIAL STATEMENT. — Capital stock,
$500,000, of whirh the ks.see owns $495,800.
CORPORATE OFFICERS. — W. Seward Webb,
Pro's., Shelburne, Vt. ; C. J. Morgan, Treas., New
York, N. Y. ; F. H. Button, Clerk, Rutland, Vt.
Office, Rutland. Vt.
(UinKNKIirRG TERMINAL. CO Organ-
ized Sept. 27, 1889. The company owns an eleva-
tor of 1,000,000 bushels capacity, besides other real
estate, docks, machinery, etc., at Ogdensburg,
N. Y. There was earned from the property dur-
ing the year ending June 30, 1902, after payment
of operating expenses, taxes and Interest, a sur-
plus of $9,156.22, applicable to a sinking fund for
the payment of the company's mortgage debt.
FINANCIAL STATEMENT. — Capital stock,
$300,000; funded debt (1st 4s dated July 1, 1901,
payable $10,000 each 1st of July), $140,000 — total,
representing cost of property, $440,000. The Rut-
land RR. Co., which owns all the capital stock
and $50,000 of the bonds, guarantees the interest
on tbe funded debt.
CORPORATE OFFICERS.— Perctval W. Clem-
ent. Pres. : O. F. Harrison, Sec. and Treas., Rut-
land. Vt. Office, Rutland, Vt.
RUTLAND AND NOYAN RY. — Noyan Junc-
tion, Que., to Vermont State Line, 3.44 miles. Rail
(steel). 80 Ibs.
HISTORY. — Chartered July 10, 1899; road
opened Jan. 1, 1900. Leased to the Rutland RR.
Co., Feb. 15, 1901.
FINANCIAL STATEMENT.— Capital stock,
$100,000; funded debt (1st gold 4s of Jan. 1, 1951),
$100,000 — total, $200,000. The Rutland RR. Co.
owns both the stock and the bonds. The bonds
are guaranteed, both as to principal and interest,
by the Rutland RR. Co.
CORPORATE OFFICERS. — Frederick H. But-
ton, Pres. ; A. G. Adams, Sec., Rutland, Vt. ;
Clarence Morgan, Treas., New York, N. Y. Office,
Rutland, Vt
RUTLAND TRANSIT CO Reorganization
In 1899 of the Ogdensburg Transit Co. (See Man-
ual for 1900, page 1119.) The company owns 8
steamships operating between Ogdensburg and
the western ports on the Great Lakes, and owns
wharf and warehouse property in Chicago, lo-
cated on the Chicago River, and in Ogdensburg,
N. Y. Owned and operated by the Rutland RR.
Co., and no separate accounts published.
FINANCIAL STATEMENT. — Capital stock,
$1,000,000 ; funded debt (1st gold 5s of Jan. 1, 1920),
$646,000 — total, $1,646,000. The Rutland RR. Co.
owns both the stock and the bonds. The author-
ized issue of the latter is $1,000,000. Interest i-
payable at the National Shawmut Bank, Boston,
Mass.
CORPORATE OFFICERS.— W. Seward Webb,
Pres., Shelburne, Vt. ; Clarence Morgan, Treas.,
New York, N. Y. ; A. G. Adams, Clerk, Rutland,
Vt. Office, Rutland, Vt.
POOR'S MANUAL OF RAILROADS.
39
14. Board of Directors, Rutland RR. Co., Elected October 29, 1902.
W. Seward Webb.Shelburne.Vt.
E.V.W.Rossiter.New York, N.Y.
S. R. Galloway.
C. M. Depew. . .
Geo. T. Jarvls Rutland, Vt.
George H. Ball. . .Boston, Mass.
James Lawrence. .Groton, Mass.
J. W. Stewart.. Mlddlebury, Vt.
P. W. Clement Rutland, Vt.
H. H. Powers... Morrlsvllle, Vt.
F. D. Proctor Proctor, Vt.
E. F. Gebhardt...Shelburne, Vt
A. C. Spaulding Burlington, Vt.
WM. SEWABD WEBB, President Shelburne, Vt.
Vice-Pres. — Geo. T. Jarvls Rutland, Vt. I Secretary — A. G. Adams... Rutland Vt
Treasurer — Clarence Morgan New York, N. Y. | Auditor— M. H. Chamberlin Rutland,' Vt'.
PRINCIPAL OFFICE AND ADDRESS Rutland, Vt.
ST. JOHNSBTJBY AND LAKE CHAMPLAIN RAILROAD COMPANY.
1. Main Line of Road.— Lunenberg, Vt., to Maquam Bay, Vt.. 120.00m.
Victory Branch: North Concord, Vt., to East Haven Vt 11.50m. — 131.50 miles.
Sidings, etc., 22.74 miles. Gauge, 4 ft. 8y2 in. Rail (steel, 151 m.), 65 to 75 Ibs.
2. History.— Reorganization, Jan. 31, 1880, of the Vermont Division of the Portland
and Ogdensburg RR. Co. (See Manual for 1891, page 489).
3. Rolling Stock, June 30, 1902. — Locomotives, 4. Cars — passenger, 3; baggage,
etc., 1; freight (box, 103; flat, 45; stock, 3), 151; service, 14— total 169.
4. Operations, year ending June 30,1902. — Train mileage — passenger, 138,264;
freight, 188,994; mixed, 30,416; other, 101,969— total, 459,643 miles. Passengers car-
ried, 168,764; carried one mile, 3,291,235; average mile rate, 2.501 cents. Tons freight
moved, 329,638; moved one mile, 17,317,843; average ton-mile rate, 1.214 cents.
EARNINGS. 1900-01
Passenger $77,025 16
Freight 208,180 48
Mail and Express 16,72558
Miscellaneous 3,612 81
1901-02
$82,309 40
210,202 29
17,008 35
2,702 68
Totals $305,544 03
Averages per mile 2,323 50
$312,222 72
2,374 31
EXPENSES. 1900-01 1901-02
Maint. Way and Structures.$101.796 94 $84,733 76
Maintenance of Equipment. 12,280 95 10,224 60
Maint. Way and Buildings. 174,680 70 170,146 59
General 9,46060 10,29556
Totals $298,21919 $275,40051
Averages per mile 2,26783 2,09430
Net earnings, 1901-2, $36,822.21 ; other income, $3,687.43— total, $40,509.64. Charges:
Interest on bonds (5 p. c. on $1,328,000, guaranteed by Boston and Maine RR.), 566,400;
other interest, $10,990.50; taxes, $7,945.55— total, $85,342.05. Deficit for year, $44,832.41 ;
deficit forward, $1,383,299.32— total, $1,428,131.73.
5. Statement of income, etc., for eight fiscal years ending June 30:
Years.
RR. Pass.
Oper- Earn-
ated. ings.
M. $
1895 131.50 69,214
1896 131.50 74,439
1897 131.50 66,536
1898 131.50 68,742
1899 131.50 71,674
1900 131.50 76,978
1901 131.50 77.025
1902 131.50 82,309
Freight
Other
Total
Operat-
Net
Gross
Gross
Net
Exp. to
Earn-
ings.
Earn-
ings.
Earn-
ings.
ing Ex.
penses.
Earn-
ings.
Interest
Charges.
Earn,
p. Mile.
Exp.
p. Mile.
Earn,
p. Mile.
Earn-
ings.
$
$
$
$
$
$
$
$
$
p.c.
270,412
16,563
356,189
343,040
13,149
66,400
2,708.66
2,608.67
98.48
96.31
269,828
13,457
357,724
367,525
d. 9,801
66,400
2,720.31
2,794.96
d. 74.65
102.74
269,946
17,163
353,645
389 987
d. 36,342
66,400
2,689.32
2.965.68
d.276.36
1 10.27
2X0,039
17,829
366,610
391,'993
</. 25,383
66,400
2.787.91
2,980.93
d. 193.02
106.92
287,414
17,853
376,940
376,717
223
66,400
2,866.47
2.864.77
1.70
99.94
236,557
17,856
331,211
302.758
28,453
66,400
2 519 48
2,302.34
217.14
91.41
20S.180
20.338
305,544
298,219
7,325
66,400
2,323.50
2,267.83
55.67
97.28
210,202
19,711
312,222
275,400
36,822
66,400
2,374.31
2.094.30
280.01
88.13
6. General Balance Sheet, June 30, 1902.
Cost of Road $4,650,19988
Cost of Rolling Stock 151,56753
Common Stock Held for Old Bonds 242,750 00
Steamboat and Dock Property 29,62396
Land at Maquam Bay 81,60024
Materials and Fuel on Hand 54,32276
Cash and Current Assets 61,95652
Profit and Loss 1,428,131 73
Common Stock ( $50 shares ) $2,650,000 00
Preferred Stock ($50 shares) 1,298,50000
Funded Debt Outstanding 2,500,00000
Current Liabilities 325,619
Accrued Interest 22.133
Accrued Taxes 3,90000
Total Assets $6,700,152 62 Total Liabilities $6.700,152 6
7. Capital Stock. — The amount of common stock ^hown In the general balance sheet In-
cludes $242,750 reserved to meet bonds of the old company, wh'ch have not been presented under
the plan of reorganization of 1880, the amount actually outstanding being $2,307,250. The entire
amount of the preferred stock Is outstanding. The Boston and Lowell Railroad Corporation owns
$1,564,650 of the common stock and $362,650 of the preferred stock, being a majority of the capital
stock. The Boston and Maine Railroad owns $24.000 of the common stock and $16,450 of the pre-
ferred stock ; and there are in the hands of the public, $718,600 of the common stock and $910,400
of the preferred stock. Preferred stock has priority orer common stock for dividends at the rate of
6 p. c. per annum, non-cumulative.
40 POOB'8 MANUAL OP RAILROADS — NEW ENGLAND GROUP.
R. Funded Debt.— This consists of 1st mt«e. 6 p. C. 60-yr. $1.000 gold coupon bonds, di
Mart* 1 1»44 The Boston tad Lowell Railroad Cor,K>ratlon owna $740,000 and the Boston an
Islne Railroad $432.000 of these bond* ; tho remaining $1,328.000 are held by the public and ar
guaranteed both a. to principal and Interest, by the Boston and Maine Railroad. No charge Is
made In the account* (or Interest accrued on the bond* bold In the treasury of the B. & M. RR.
($1 172.000 as above), but the overdue coupons are a lien against the property.
'» Director! (elected Sept. 11, 1902).— C. S. Page, Hyde Park, Vt.; Harry Blodgett,
Charles 1L Stevens, 11. N. Turner, St Johnsbury, Vt; H. E. Folsom, Lyndonville, Vt.;
George W. Hcndee, Morrisrille, Vt; 8. C. Lawrence, Medford, Mass; Henry R. Reed,
Lucius Tuttle. Boston, Mass.
II. K. FULSOM, President d Superintendent Lyndonville, Vt
H. N. Turner, Vice-Pre*id*nt
tec. 4 Treat.— Geo. W. Cree..8t. Johnsbury. Vt G«n. Auditor— Wm. J. Hobba Boston, Mas*.
PRINCIPAL Ofnci AIH> ADDRESS Boston, Mass.
KB.— Tllden Bridge to Ayer St.. In Barre, Vt, 2 m. (leased to Montpeller and Wells
River RR. Co.) ; Ayor St. Barre. Vt. to Mill Stone Hlii and sundry spurs to granite quarries, 25
m.— total. '27 miles. Gauge, 4 ft. 81 In. Rail (steel), 56 and 60 Ibs. Organized In Vermont, April
». 1888 ; road opened In 1889. Locomotives. 3. Cars — passenger, 4 ; baggage, 2 ; freight, 66 —
tolal. 71.
Operations, year ending June 30. 1902. — Earnings (passenger, $1.559; freight, $61,764;
other. $4.278). $67.591. Operating expenses, $33,423. Net earnings, $34,168. Total deductions,
$11.618. Surplus. $22.650.
General Balance Sheet. June 30, 1901 (iatest rendered).— Capital stock paid In ($80,000
auth. ; $100 shares). $76,310; loans and bills payable, $181.975; profit and loss, $106.347 — total.
•.02. Contra: Cost of road and equipment. $329,936; real estate, $16,275; materials, etc.,
$3.874 : cash and current assets, $13,577 — total. $363,662. In May, 1902, the stockholders voted
to Increase the capital stock to $400,000.
Directors. — A. D. Morse (Chairman), 12. L. Smith, John Trow, Barre, Vt ; W. A. Stowell,
r. W. Stanyan. Montpeller. Vt OFFICERS : A. D. MOUSE, Pres. ; W. A. Stowell. Vice-Proa. <t Oen.
Mgr., Montpeller. Vt ; F. W. Stanyan. Clerk, Trrus. it (Jen. Sup*., Montpelier, Vt. GENERAL OFFICS,
Barre. Vt.
BOSTON, REVERE BEACH AND LYNN RR.— East Boston to Lynn. Mass., 8.8 m. :
Ban Boston to Winthrop. Mass.. 4.4 m. — total. 13.2 m. ; total track (steel; 50 and 60 Ibs.), 26.80
miles. Qauge, 3 ft. Consolidation. July 1, 1891. of the Boston, Revere Beach and Lynn RR. and
the Boston, Winthrop and Shore RR. Connection 1? made with Boston by ferry. Locomotives, 18.
Cars — paxscnger. 57 ; baggage, etc., 11 ; service, 18 — total, 86. Ferryboats, 3.
Operation*, year ending June 30, 1902. — Trains run (passenger, 504,329; other, 7,682).
611.911 miles. Passengers carried, 7,824,367; carried one mile, 45,667,278. Earnings (passenger.
$499.732; other, $15,407). $486,139. Operating expenses, $409,977. Net earnings, $75,162.
Payments : Interest on bonds, $39,695; other interest, $5,968; taxes, $11,898; dividends (2 p. c.),
$17.000— total. $74,661. Surplus, $601; surplus forward, $57.791— total, $58,392.
General Balance Sheet, June 30. 1902. — Capital stock paid In ($1,125,000 auth.; $100
•bare**). $850,000; funded debt (see below), $850,000; current liabilities, $298,529: dividend
payable July 1. 1902. $8,500; injury fund. $15.000; profit and loss. $58.392 — total. $2.080.421.
Contra: Cost of road and equipment, $1,704,362; real estate, $85,087; ferryboats, $131,000;
materials, etc.. $22.771; canh and current assets, $137,201 — total, $2,080,421.
Funded Debt. — The funded debt outstanding on June 30, 1901 (total, $850,000) consisted of
$561.0*0 ($1.000.000 auth.) 1st 4ls of July 15. 1927, and $289,000 1st (B., W. & Sh.) 5s of
8«pt 1, 19P6.
Directors (elected NOT. 13, 1902). — Melvln O. A.lams. Henry R. Reed. William S. Spauldlng,
Boston. Mass. ; H. F. Hurlburt, Lynn, Mass. ; E. B. Stoddard, Worcester, Mass. ; John A. Fenno,
Newton. Mass. Omens: MELVIN O. ALAMS, Pres.; Henry R. Reed, Vice-Prcs. ; John A. Fenno.
Treoc. <t 8upt., Boston. Mass. GENERAL OFFICE, Boston, Mass.
BRIDOTON AND SAGO RIVER RR. — Harrison to Brldgton June., Me., 21.25 m. ; total
track (steel; 30 and 35 Ibs.). 22.75 miles. Gauge. 2 ft. Organized July 19, 1881 ; road opened to
Bridcton. 16 m.. Jan. 29. 1883 ; extension to Harrison opened Aug. 3. 1898. Locomotives, 4. Cars
2; baggage, etc.. 2; freight (box. 18; fnt, 22; tank, 1). 41 — total, 46.
Operations, year ending June 30, 1902. — Trains run (passenger, 36,224 ; freight, 4,792),
41.016 miles. Passenger* carried. 22.546; carried one mile, 303,087. Tons freight moved, 20.975;
ion-mile*. 317.472. Earnings (passenger, $13,971; freight, $20.923; other, $5,887), $40,781.
Operating expenses. $28.966. Net earnings. $11,815. Payments: Interest on bonds, $5,972; other
Interest. $409; taxes, $423; dividends (4 p. r.), $4,090; other charges, $450 — total, $11,344.
Surplus. $471 : surplus forward. $8.394 — total, $8.865.
General Balance Sheet, June 2*0. 1002. — Capital stock paid in ($110.000 auth. ; $50 shares).
9102.250; funded debt (see belowi. $161.700; bills payable. $2,000; current liabilities, $2.903;
Interest accrued, not due. $857 ; other liabilities, $316 ; profit and loss, $8.865 — total, $268,890.
'•ontrn : Cost of road and equipment. $241.976, materials, etc., $2,795; cash and current assets,
$4.119— total. $268,890.
Funded Debt. — Tho funded debt outstanding on June 30, 1902 (total, $151,700), consisted
of $loo«,.» l»t 6- of 8«t>t 1. 19O2; $2.200 2d 6s of March 1. 1904; $122,500 consol. gold 4s of
June 1. 1»28 : and $17,OOO 2d consol. 4s of June, 1928. Since June 30, 1902. the two Issues of <J
p. e. bond* have been retlrr>d and $12.600 of 1st consol. 4s have been issued.
Director* (elected Nov. 19. 1902). — Wm. F. Perry. Samuel S. Fuller. J. A. Bennett, Horace
i. Hall. Brldgton. Me. ; Almon Young, Hiram. Me. OFFICERS: WILLIAM P. PERRY, Pres.; P. P.
Horn ham. Treat. ; J. A. Bennett. Sec. d Oen. Mgr., Brldgton, Me. GENERAL OFFICE, Bridgton, Me.
BRISTOL RJB. — Brlntol to New Haven June., Vt, 6 m. ; total track (steel; 56 and 60 Ibs.).
6.99 mile*. Gauge, 4 ft. 81 In. Chartered, 1882 ; opened Jan. 5, 1892. Locomotive 1. Cars —
combination. 1 ; box. 1 — total, 2.
POOR'S MANUAL OF RAILROADS. 41
Operations> year ending June 30, 1902. — Earnings (passenger, $5,590; freight, $6,458; other,
$2,997), $15,045. Operating expenses, $10,033. Net earnings, $5,012. Deduct interest on bonds,
$4,000. Surplus, $1,012.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock paid In ($100
shares), $100,000; funded debt (1st 4s of July 1, 1921), $100,000; current liabilities, $2,704;
profit and loss, $5,772 — total, $210,477. Contra : Cost of road and equipment, $201,248 ; cash and
current assets, $9,295 — total, $216,316.
Directors. — P. W. Clement, H. G. Smith, Rutland, Vt. ; E. B. Patterson, Ralph Denio, C. P.
Bush, Bristol, Vt. ; W. N. Gove, Lincoln, Vt. ; Waldo P. Clement, New York, N. Y. OFFICERS : P.
W. CLEMENT, Pres. Rutland, Vt ; Ralph Denio, Treas. & Supt., Bristol, Vt. GENERAL OFFICE,
Bristol, Vt.
CAPE ANN GRANITE RR. — Gloucester to Pigeon Cove Harbor, Rockport, Mass., 1.44
m. ; total track (steel; 60 Ibs.), 2.22 miles. Gauge, 4 ft. 8i In. Chartered Sept. 26, 1894; road
opened July 1, 1895. Owned by the Cape Ann Granite Co., and operated as a branch of that
company's business. Locomotive, 1. Cars (flat), 15.
Operations, year ending June 30, 1902. — Trains run (freight), 1,958 miles. Tons freight
moved, 32,665; ton-miles, 46,906. Earnings (freight), $7,027. Operating expenses, $5,997. Net
earnings, $1,030. Payments : Interest on debt, $1,973 ; taxes, $422 — total, $2,395. Deficit, $1,365 ;
surplus forward, $849 ; net deficit, $516.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $20,000; loans and
notes payable, $12,882; current* liabilities, $519 — total, $33,397. Contra: Cost of road and
equipment, $32,881 ; cash and current assets, $516 — total, $33,397.
Directors. — Jonas H. French, Gloucester, Mass. ; William H. Pearson, Boston, Mass. ; Ed-
ward O. Merrill, Maiden, Mass. OFFICERS : JONAS H. FRENCH, Pres., Treas. d- Gen. Mgr., Boston,
Mass. ; Winfred T. Ritcey, Sec., Winchester, Mass. GENERAL OFFICE, 40 Water St., Boston, Mass.
CLARENDON AND PITTSFORD RR.— Pittsford to West Rutland, Vt., 14.5 m. ; Pitts-
ford and Rutland RR. (leased), 1.78 in. ; total track (steel; 60 and 70 Ibs.), 17.78 miles. Gauge,
4 ft 84 in. Chartered, Sept. 10, 1885 ; road opened July, 1886. Locomotives, 5. Cars — passenger.
2; freight (flat), 132; service, 40 — total, 174.
Operations, year ending June 30, 1902. — Tons freight moved, 123,765 ; ton-miles, 569,532.
Earnings (passenger, $50; freight, $47,456), $47,506. Operating expenses, $34,801. Net earnings,
$12,705. Payments: Interest on bonds, $770; taxes, $1,005 — total, $1,775. Surplus, $10,930;
surplus forward, $43,553 — total, $54,483.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $120,000; current
liabilities, $76,281 ; profit and loss, $54,483 — total, $250,764. Contra : Cost of road and equipment,
$250,394 ; cash and current assets, $370 — total, $250,764.
RAILROAD LEASED BY THE C. & P. RY. Co.
Pittsford and Rutland RR. — Rutland
to Rutland, Vt., 1.78 m. ; total track (steel;
72 Ibs.), 2.30 miles. Organized May 26,
1890, and road built in same year. Leased
$30,000. Edmund R. Morse, Pres., Proctor, Vt. ;
Kdw. D. Bennett, Vice-Pres., Bennington, Vt. ;
H. A. Harman, Sec. & Treas., Rutland, Vt.
OflBce. Rutland, Vt.
July 2, 1890, to the C. & P. Ry. Co. Capital stock,
Directors (C. & P. RR. Co.). — F. D. Proctor, F. C. Partridge, Redfleld Proctor, W. R. Page,
S. A. Howard, E. R. Morse, Proctor, Vt. : C. J. Smith, Boston, Mass. OFFICERS : FLETCHER D.
PROCTOR, Pres.; Redfield Proctor, Vice-Pres.; E. R. Morse, Treas.; F. C. Partridge, Sec. & Oen.
Counsel, Proctor, Vt. ; Geo. C. Robinson, Gen. Supt., West Rutland, Vt. GENERAL OFFICE,
Proctor, Vt.
FRANKLIN AND MEGANTIC RY. —Strong to Kingfleld, Me., 15 m. ; Mt. Abram June,
to Mt. Abram, Me., 1.7 m. ; Kingfield and Dead River RR. (see appended statement), 16 m. — total,
32.7 miles. Rail — iron, 40 Ibs., rteel (31 miles), 25 and 35 Ibs. Gauge, 2 ft. Organized June 3,
1897, by the 1st mtge. bondholders of the F. & M. RR. Co., and took possession of the property on
Aug. 16, 1897. (See MANUAL for 1898, page 20.) Locomotives, 2. Cars — combination, 1; baggage,
etc., 1; freight (box, 6; flat, 37), 43 — total cars, 45.
Operations, year ending June 30, 1902. — Trains run (passenger, 28,188; freight, 9,129;
mixed, 13,837; other, 9,457), 60,611 miles. Passengers carried, 13,802; carried one mile, 221,653.
Tons freight moved, 27,577; ton-miles, 580.493. Earnings (passenger, $9,391; freight, $23,470;
other, $2,984), $35,845. Operating expenses, $35.179. Net earnings, $666; other receipts, $76 —
total, $742. Payments: Interest on bonds, $1,200; other interest, $162; taxes, $192; rentals,
$1,600 — total, $3,154. Deficit, $2,412 ; deficit forward, $10,772 — total, $13,184.
General Balance Sheet. June itO, 1902. — Capital stock ($100 shares), $87,500; funded debt
(1st 5s of April 1, 1911; $50,000 auth.), $24,000; current liabilities, $9,060; Interest accrued,
$777 — total, $121,337. Contra: Cost of road and equipment, $99,077; other assets, $3,177 ;" mate-
rials, etc., $854 ; cash and current assets, $5,045 ; profit and loss, $13,184 — total, $121,337.
RAILROAD OPERATED BY THE F. & M. RY. Co.
Klnsfleld and Dead River RR
Kingfield to Bigelow, Me., 16 miles. Rail
(Pteel), 35 Ibs. Chartered June 19, 1893; road
opened Aug. 1, 1894. Extended to Bigelow, 6 m.,
in 1899. Sold under foreclosure on Aug. 2, 1898,
and purchased by Josiah S. Maxcy. Operated by
the Franklin and Megantlc Ry. Co. (See Manual
for 1898, page 20.)
Directors (F. & M. Ry. Co.) — Josiah S. Maxcy (Chairman), Philip H. Winslow, Geo. A. Far-
rlngton, Gardiner, Me. OFFICERS : JOSIAH S. MAXCY, Pres. ; Geo. A. Farrington, Treas. ; P. H. Win-
slow, Aud., Gardiner, Me. ; L. C. Cornish, Sec., Augusta, Me. GENERAL OFFICE, Gardiner, Me.
GEORGE'S VALLEY RR.— Warren to Union, Me., 8 m. ; branch to Lime Kiln, 0.5 m. —
total, .8.5 miles. Gauge, 4 ft. 81 in. Rail (steel), 56 Ibs. Organized Aug. 10, 1889; road opened In
Dec., 1893. Locomotive, 1. Cars — combination, 1; freight (flat, 3; box, 2), 5 — total, 6.
Operations, year ending June 30, 1902. — Trains run (mixed), 10,016 miles. Earnings (pas-
senger, $1,685; freight, $10,032; other, $823), $12,540. Operating expenses, $10.258. Net earn-
ings, $2,282. Payments : Interest on bonds, $3,000 ; other interest, $58 ; taxes, $161 — total, $3,219.
Deficit, $937.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000; funded
debt (1st 6s of 1913), $50,000; profit and loss, $937 — total, $150,937. Contra: Cost of road and
equipment, $85,154 ; other investments. $64,840 ; profit and loss, $937 — total. $150,937.
Directors. — James Mitchell, West Newton, Mass. ; Wm. W. Case, Wm. T. Cobb. A. P. Crockett,
42 POOR'S MANUAL OP RAILROADS — NEW ENGLAND GROUP.
8. M. Bird. A. L. Jones. I. C. Thurston, Rockland, Me. OFFICERS : JAMBS MITCHELL, Pres. d Oen.
Mffr.; W. 8. Mitchell. Sec. d Treat., Union. Me. GKNKRAL OFFICE, Union. Me.
GBAFTON AND UPTON BB.— North Grafton to Mllford, Mass.. 16.50 m. ; total track
(60-lb. steel rail). 20.25 miles. Gauge. 4 ft. 84 in. Successor, Feb.. 1888. to the Grafton Centra
RR. Co. Extension to Milford opened May 17. 1S90. (See MANUAL (or 1891, page 223.) Locomo-
tives. 4. Care — passenger, 4; baggage, etc., 2; freight (flat), 1 — total, 7.
Operations, year ending June 30, 1902. — Trains run (passenger, 38,600; freight, 13,770;
mixed, 1,812; other. 10.140). 64,322 miles. Passengers carried, 61.180; carried one mile, 611,800.
Tons freight moved. 60,037; ton-miles, 640.333. Earnings (passenger, $19,961; freight. $28,602).
$48.563. Operating expenses, $41,010. Net earnings. $7,553; other receipts, $119 — total, $7,672.
Payments : Interest on bonds, $10,900 ; taxes, $543 — total, $11,443. Deficit, $3,771 ; surplus for-
ward, $12,436: net surplus, $8,665.
General Balance Sheet, June 30, 1902. — Capital stock ($100 snares), $250,000; funded
debt, $263,000; profit and loss, $8,665— total, $526,665. Contra: Cost of road and equipment,
$618.000 ; profit and loss, $8,665 — total, $526,665.
Funded Debt.— The funded debt outstanding on June 30, 1902 (total, $268,000). consisted of
$250,000 1st gold 4s of Nov. 1, 1912, and $18.000 ($50,000 auth.) 2d 5s of July 1, 1913.
Directors (elected Nov. 3, 1902). — George A. Draper, Eben D. Bancroft, Frank J. Dutcher,
Hopedale, Mass.; George W. Knowlton, West Upton, Mass.; Edward P. Usher, Grafton. Mass.
OFFICERS : EDWARD P. USHER, Pres., Treas. d Sec., Grafton Mass. ; George A. Draper, Vice-Pres.,
Hopedale. Mass. GENERAL OFFICE, Orafton, Mass.
HARD WICK AND WOODBUBY BB. — Buffalo Road to Woodbury Quarry, Vt. 7 m. ;
Holton Summit to Fletcher Quarries, Vt., 0.75 m. — total. 7.75 m. ; total track (steel ; 66 Ibs.), 9.50
miles. Gauge, 4 ft. 8 J in. Chartered March 16, 1895 ; road opened in July, 1896. The company
leases 1.75 miles of the St. Johnsbury and Lake Champlain RR., from Granite Junction to Buffalo
Road, making the total length of line operated, 9.5 miles. Locomotives, 2. Cars (flat), 2.
Operations, year ending Juno 30. 1902. — Trains run (mixed), 10.116 miles. Passengers car-
ried, 570; carried one mile, 8,791. Tons freight moved, 36,360; ton-miles, 330,420. Earnings
(passenger, $140; freight, $14,122), $14,262. Operating expenses, $12,977. Net earnings, $1,285;
other receipts, $1,036 — total, $2,321. Payments : Interest on debt, $960 ; taxes, $313 — total, $1,273.
Surplus. $1,048 ; deficit forward, $1,248 ; net deficit, $200.
General Balance Sheet, June i'.O, 1902. — Capital stock paid In ($50,000 auth. ; $25 shares),
$48,675 ; bills payable, $16,000 ; current liabilities, $1,143 — total, $65,818. Contra : Cost of road
and equipment, $64,190 ; materials, etc., $415 ; cash and current assets, $1,013 ; profit and loss,
$200— total, $65,818.
Directors (elected Aug. 12, 1902). — W. H. Fullerton, Manchester, Vt. ; E. H. Blossom, Geo.
M. Powers, Morrlsville, Vt. ; Chas. W. Leonard, Boston, Mass. ; John S. Holden, Bennington, Vt. ;
A. S. Richardson, St. Albans, Vt. ; E. R. Fletcher, Hardwick, Vt. OFFICERS : JOHN S. HOLDEN, Pres.,
Bennington, Vt. ; Geo. M. Powers, Vice-Pres., Morrisville, Vt. ; Geo. H. Bickford, Treas.; J. V. Dut-
ton, Sec., Hardwick, Vt. ; E. H. Blossom. Gen. Mgr., Morrlsville, Vt. GENERAL OFFICE, Hardwick, Vt.
HOOSAO TUNNEL AND WILMINGTON BB.— Hoosac Tunnel, Mass., to Wilmington.
Vt., 25 m. ; total track (steel; 30, 56, and 60 Ibs.), 28 miles. Gauge, 3 ft. Consolidation, Jan. 1,
1892, of the Hoosac Tunnel and Wilmington RR. Co. and the Deerfleld Valley RR. Co. (See
MANUAL for 1892, page 269.) Locomotives, 6. Cars — passenger, 6, freight (box, 53; coal, 17;
flat, 45). 115; service. 6 — total, 127.
Operations, year ending June 30, 1902. — Trains run (passenger, 28,285; freight, 13,929;
mixed, 2,530), 44,744 miles. Passengers carried, 28,814; carried one mile, 338,716. Tons freight
moved, 49,550; ton-miles, 783,916. Earnings (passenger, $11,736; freight, $49,361; other,
$2,927), $64,024. Operating expenses, $51,347. Net earnings, $12,677; other receipts, $715 —
total, $13,392. Payments: Interest on bonds, $12,500; taxes, $657; dividends (2 p. c.), $5,000 —
total. $18,157 Deficit, $4,765; surplus forward, $12.016; net surplus, $7,251.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $250.000; funded
debt (1st 5s of Sept. 1, 1922), $250,000; current liabilities, $29,026; interest accrued, $4,167;
profit and loss, $7,251 — total, $540,444. Contra: Cost of road and equipment, $495,554; materials,
etc., $1,184 ; cash and current assets, $43,706— total, $540,444.
Directors (elected Oct 29, 1902). — Daniel H. Newton, James Ramage, James H. Newton,
Moses Newton, Holyoke. Mass.; J. S. Pishon, Boston. Mass. OFFICERS: DANIEL H. NEWTON, Pres.;
James Ramage, Vice-Pres. ; James S. Newton, Sec., Holyoke, Mass. ; Martin A. Brown, Treas., Wil-
mington, Vt. GENERAL OFFICE, Wilmington, Vt
KENNEBEC CENTRAL BB. — Randolph to Togus, Me., 6 miles. Gauge, 2 ft. Rail
(steel), 25 Ibs. Chartered Oct. 3, 1889; road opened July 1, 1890. Locomotives, 2. Cars — passen-
ger, 4; baggage, 1; freight (box, 2; flat, 6), 8 — total, 13.
Operations, year ending June 20, 1902. — Trains run (passenger, 21,002; mixed, 985; other.
982). 22,969 miles. Passengers carried, 68,698; carried one mile, 289,719. Tons freight moved,
6.274; ton-miles, 31,370. Earnings (passenger, $5,798: freight, $8,886; other, $659). $15,343.
Operating expenses, $10,502. Net earnings. $4,841; other receipts, $233 — total, $5,074. Payments:
Interest on bonds, $1,500; taxes, $345; dividends (6 p. c.), $2,400 — total, $4,245. Surplus, $829;
surplus forward, $13.243 — total, $14,072.
General Balance Sheet, June 30, 1902. — Capital stock paid In ($50,000 auth.; $100
shares). $41,250; funded debt (1st 6s of Nov. 15. 1910), $30,000; current liabilities, $1,080; in-
terest accrued, $148 ; profit and loss, $14,072 — total, $86,650. Contra : Cost of road and equipment,
$81.579; materials, etc., $275; cash and current assets, $4,696 — total, $86,650.
Directors. — Weston Lewis, A. C Stilphen. J. 8. Maxcy. F. S. Thome. J. C. Atkins, Gardiner,
Me. OFFICERS: WESTON LEWIS, Pre.s. d Gen. Mgr.; P. H. WinMow, Treas.; H. S. Webster, Sec.; A.
C. Stilphen, Aud., Gardiner, Me. GENERAL OFFICE, Gardiner, Me.
LIME BOCK BB. — In and around the city of Rockland, Me., 11.30 m. ; trackage, 1.27 m. —
total. 12.67 miles. Rail (steel, 8.12 m.), 66 Iba. Gauge, 4 ft. 81 in. Organized in 1864; charter
amended in 1873. 1887. and 1889. Locomotives, 3. Freight cars (flat, 12; dump, 401), 413;
caboose, 1 — total, 414.
Operations, year ending June HO, 1902. — Tons freight moved, 141.875. Earnings, freight,
162,027. Operating expenses, $21,734. Net earnings. $40,293. Payments: Interest on bonds,
$16,000; taxes, $2,724; dividends (4 p. c.), $13,000; other charges, $128 — total, $36,852. Surplus,
$3,441 ; surplus forward. $26.904— total. $30,345.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($450.000 issued and out-
standing; $100 shares), $48,000; funded debt (consol. refdg. 4s of July 1, 1929; $425,000 auth.),
POOR'S MANUAL OF RAILROADS.
43
$400,000; current liabilities, $2,296; surplus fund, $72,199; profit and loss, $30,345 — total,
$552,840. Contra : Cost of road and equipment, $508,532 ; real estate, $35,625 ; materials, etc..
$4,096; cash and current assets, $4,C>87 —total, $552,840.
Directors (elected Jan. 28, 1902). — Fred E. Richards, Portland, Me.; Robert Winsor, Alfred
Wlnsor, Boston, Mass. ; Henry H. Skinner, Springfield, Mass. ; Herbert L. Shepherd, Rockport, Me. •
A. F. Crockett, W. T. Cobb, Rockland, Me. OFFICERS : FRED E. RICHARDS, Pres. ; Stephen C. Perry,
Sec., Portland, Me. ; Joseph Remirk. Treas., Boston, Ma^s. ; George P. White, Gen. Supt., Rockland,
Me. GENERAL OBFICE, Rockland, Me.
MONSON RE,. — Monson June, to Monsoii. Me., 6.10 m. ; Monson to Slate Quarries, 2 m. —
total, 8.16 m. ; total track (steel; 30 Ibs.), 9.16 miles. Gauge, 2 ft. Chartered Nov. 1, 1882; road
opened Oct. 22, 1883. Locomotives, 2. Cars — combination, 1; freight (box, 8; flat, 8; coal, 2),
18 — total, 19.
Operations, year ending June r>0, 1902. — Trains run (mixed), 13,480 miles. Passengers
carried, 4,111; carried one mile, 27,171. Tons freight moved, 9,404; ton-miles, 57,920. Earnings
(passenger, $1,360; freight, $4,539; other, $577), $6,476; other income, $29 — total, $6,505. De-
ductions: Operating expenses, $7,611; interest on bonds, $4,200; other interest, $180; taxes, $66 —
total, $12,057. Deficit, $5,552; deficit forward ($144,679; less, deductions for year, $313),
$144,366 — total, $149,918.
Qeneral Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $70,000; funded debt
(1st 6s of April 1, 1904), $70,000; current liabilities, $13,887; interest unpaid, $74,492 — total,
$228,379. Contra: Cost of road and equipment, $78,461 ; profit and loss, $149,918 — total, $228,379.
Directors (elected June 7, 1903). — George O. Whiting, Lexington, Mass.; Isaac S. Whiting,
George Whiting, Boston, Mass. ; W. L. Estabrooke, J. F. Sprague, H. E. Merrill, A. W. Chapin,
Monson, Me. OFFICERS : GEORGE O. WHITING, Pres., Lexington, Mass. ; Isaac S. Whiting, Vice-
Pres., Treas. & Gen. Mgr., Boston, Mass. ; J. F. Sprague, Sec., Monson, Me. GENERAL OFFICE,
Monson, Me.
MONTPELIER AND WELLS RIVER RR.— Montpelier to Wells River, Vt, 38.20 m. ;
leased, Barre Branch RR. (see appended :>taternent), 3.8 m., and Barre RR. (in Barre, Vt.), 1.62
m. — total, 43.62 m. ; total track (steel; 56 and 00 Ibs.), 47.03 miles. Gauge. 4ft. 81 In. Reorgani-
zation, Jan. 1, 1877, of a company of tho same name (see MANUAL for 1893, page 417). Locomo-
tives, 7. Cars — passenger, 7; baggage, etc., 3; freight (box, 11; stock, 3; flat, 45; coal, 2;
refrigerator, 6), 67; service, 40 — total, 117.
Operations, year ending June 30, 1902. — Trains run ( passenger, 73,290 ; freight, 22,900 ;
mixed, 23,788), 119,978 miles. Passengers carried, 128,511; carried one mile, 2,290,416. Tons
freight moved, 179,467; ton-miles, 4,225,751. Earnings (passenger, $49,740; freight, $103,707;
other, $8,099), $161,546. Operating expenses, $129,901. Net earnings, $31,645; rents, $2,649;
Interest, etc., $8,078 — total, $42,372. Payments : Taxe^, $4,386 ; rental Barre Branch RR., $4,800
— total, $9,186. Surplus, $33,186 ; surplus forward, $204,020 — total, $237,206. Deduct for im-
provements and addition to property during year, $7,332. Surplus. June 30, 1902, $229,874.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $800,000; current
liabilities, $18,459 ; accrued taxes and rents, $2,301 ; other liabilities, $780 ; profit and loss,
$229,874 — total, $1,051,414. Contra : Cost of road and equipment, $800,000 ; bills receivable,
$176,001 ; materials, etc., $30,086 ; cash and current assets, $43,964 — other assets, $1,363 —
total, $1,051,414.
RAILROAD LEASED BY THE M. & W. R. RR. Co.
RR. Co., at an annual rental of 6 p. c. on $80.
000 capital stock. W. A. Stowell, Pres. ; F. V
Morse, Sec. & Treas. Office, Montpelier, Vt.
Barre Branch RR. — Barre Transfer to
Barre, 3.8 miles. Rail (steel), 60 Ibs. Organized
in 1888 ; road opened June 1, 1889, and leased
for 99 years to the Montpelier and Wells River
Directors, M. & W. R. RR. (elected Aug. 28, 1902). — A. F. Sortwell, Cambridge, Mass.; Geo.
E. Carter, Boston, Mass. ; J. W. Brock, Joel Foster, W. A. Stowell, Montpelier, Vt. OFFICERS :
ALVIN F. SORTWBLL, Pres. ; Geo. E. Carter, Vice-Pres., Boston, Mass. ; Joel Foster, Clerk & Treas. ;
A. W. Prescott, And., Montpelier, Vt. GENEEAL OFFICE, Montpelier, Vt.
MOSHASSUCK VALLEY RR. — Woodlawn June, to Saylesville, R. I., 2 m. ; total track
(steel; 56 and 70 Ibs.), 3 miles. Gauge, 4 ft. 8i in. Chartered June 11, 1874; road opened Jan.
5, 1877. Locomotives, 2. Cars — passenger, 1 ; freight (box, 3 ; coal, 4), 7 ; steam motor, 1 — total, 9.
Operations, year ending June 30, 1902. — Trains run (passenger, 14,976; freight, 6,260; other,
10,000), 31,236 miles. Passengers carried, 41,898; carried one mile, 83,796. Tons freight moved,
128,176; ton-miles, 256,352. Earnings (passenger, $1,398; freight, $34,395; other, $17,521),
$53,314. Operating expenses, $49,249. Net earnings, $4,065. Deduct taxes, $491 ; other, $600 —
total, $1,091. Surplus, $2,974; surplus forward, $45,999 — total, $48,973.
Qeneral Balance Sheet, Juue 30, 1902. — Capital stock paid in ($200,000 auth. ; $100
shares), $50,000; current liabilities, $43,385; interest taxes, $491; other liabilities, $427; profit
and loss, $48,973 — total, $143,276. Contra : Cost of road and equipment, $95,762 ; lands owned,
$5,442 ; materials, etc., $3,680 ; cash and current assets, $38,392 — total, $143,276.
Directors. — Frank A. Sayles, Chas. O. Read, Maurice K. Washburn, J. R. MacCoIl, K. F.
Wood, Saylesville, R. I. OFFICERS: FRANK A. SAYLES, Pres.; Chas. O. Read, Sec. d Treas.; A. H.
Aldrich, Supt., Saylesville, R. I. GENERAL OFFICE, Saylesville, R. I.
MT. WASHINGTON RY.— Base to Summit of Mt. Washington. N. H., 3.33 miles. Gauge.
6 ft. 3 in. Rail (steel), 50 Ibs. Chartered In 185S ; road opened July. 1869. Operated June to Oct..
yearly. Locomotives, 7. Cars — passenger, 5; baggage, 1; freight (flat), 2 — total, 8.
Operations, year ending June 30. 1902 — Passengers carried, 5,673 ; carried one mile, 37,779.
Earnings (passenger, $17,369; other, $150), $17,519. Operating expenses. $12,026. Net earnings,
$5,493 ; other receipts. $5,775 — total, $11,268. Payments : Interest on debt, $285 ; taxes, $2,556 ;
dividends (3 p. c.), $6,345 — total, $9,186. Surplus, $2,082; surplus forward, $396 — total, $2,478.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $211,500; current
liabilities, $4,000; profit and loss, $2,478 — total, $217,978. Contra: Cost of road and equipment,
$135,000 ; real estate, $82,000 ; cash and current assets, $978 — total. $217,978.
Directors (elected May, 1902). — T. A. Mackinnon, G. A. Fernald, Boston, Mass.; Nathaniel
White, Jr., John M. Mitchell, Ben]. A. Kimball, Frank E. Brown, Concord, N. H. ; J. W. Sanborn.
Sanbornville, N. H. OFFICERS : T. A. MACKINNON, Pres. £ Gen. Mgr., Boston, Mass. ; BenJ. A. Kim-
ball, Vice-Pros.; John F. Webster, Treas.; F. E. Brown, Sec., Concord, N. H. GENERAL OFFICE,
Concord, N. H.
44 POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
NANTUCKET CENTRAL BB. — Nantucket to Siasconset. Mass.. 8.5 m. ; total track,
8.7 miles. Gauge. 3 ft. Hall (steel. 7.5 m.). 30 and 35 Ibs. Successor, after foreclosure sale, to
the Nantucket RR. Co. (See MANUAL for 1897. page 21.) Locomotive, 1. Cars — passenger, 3;
baggage, etc., 1; freight (flat), 3; gravel, 1.
^Operations, year ending June 30, 1902. — Trains run (passenger), 6,500 miles. Passengers
carried, 14,392; carried one mile, 122,332. Earnings (passenger, $4,554; other, $868), $5,422.
Operating expenses, $4,444. Net earnings, $978. Payments : Interest on bonds, $1,020 ; tuxes,
$28 — total, $1,048. Deficit, $70 ; deficit forward. $1,830 — total. $1,900.
General Balance Sheet, June 30. 1902. — Capital stock ($100 shares), $18,000; funded
debt (1st 6s of Feb. 1, 1906. int. F. & A.), $17.000; interest coupons matured, not paid (includ-
ing coupons due July 1), $1,900 — total, $36,900. Contra: Cost of road and equipment, $35,000;
profit and loss, $1.900 — total. $36.900.
Directors. — Byron B. Johnson, D. L. Weeks, Henry S. Milton, George R. Taber, Waltham,
Mass.; BenJ. W. Gilbert, Newton, Mass. OFFICERS: HENRY S. MILTON, Prea.; D. L. Weeks, Treoa.,
Clerk if Qen. Mgr., Waltham. Mass. GENERAL OFFICE, Waltham, Mass.
NARRAGANSETT PIER BB. — Kingston to Narragansett Pier. R. I., 8.5 m. — total track
(steel; 56 Ibs.), 9.3 miles. Gauge. 4 ft. Si in. Chartered Jan., 1868; road opened July 17, 1876.
Locomotives, 2. Cars — passenger, 7; freight (box, 1; flat, 2; coal, 10), 13 — total, 20.
Operations, year ending June 30, 1902. — Trains run (passenger, 32,000; freight, 5,321;
mixed. 1,938). 39.259 mile? Passengers carried, 128,960; carried one mile, 682,385. Tons freight
moved, 23,433; ton-miles, 129,083. Earnings (passenger, $26,697; freight, $18,117; other,
$2.382), $47,196. Operating expenses, $39.936. Net earnings, $7,260; other receipts, $715 —
total, $7,975. Payments: Interest on bonds, $2,800; taxes $1,332; dividends (4 p. c.), $5,352 —
total. $9,484. Deficit, $1.509.
General Balance Sheet, June 30, 1902. — Capital stock paid In ($200,000 auth. ; $100
shares), $133,800; funded debt (1st 4s of 1916; $100,000 auth.), $70.000; current liabilities,
$17,343 ; interest accrued, $1,167 : profit and loss, $39,392— total, $261.702. Contra : Cost of road
and equipment, $242,525; cash and current assets, $19.177 — total, $261,702.
Directors. — Rowland G. Hazard, Peace Dale, R. I. ; Benj. F. Robinson, Geo. C. Robinson, B. F.
Robinson, Jr., Wakefleld, R. I. ; John M. Hall, New Haven, Conn. OFFICERS : ROWLAND G. HAZARD,
Prea. d Treat.; Wm. T. Stedman, Sec.; Thos. G. Hazard, Jr., Supt., Narragansett Pier, R. I.
GENERAL OFFICE, Peace Dale, R. I.
NEWPOBT AND WICKFOBD BB. (d S. B. Co. ) .— Wickford June, to Wickford, R. I..
3.4 m. ; total track (steel; 60 Ibs.), 4 miles. Gauge, 4 ft. 8J in. Chartered in 1872; road opened
Jan. 1, 1874. Operated In connection with N. Y., P. & B. RR. Locomotive, 1. Cars — passenger, 1 ;
baggage, etc., 1; freight (box), 1 — total, 3. Connection is made between Newport and Wickford,
12 m.. by ferry ; 1 steamboat.
Operations, year ending June 30, 1902. — Earnings (passenger, $37,905; freight, $2,851;
other, $15,530), $56,286. Operating expenses, $51,231. Net earnings, $5,055. Paid interest on
bonds, $4,250; taxes, $633 — total, $4,883. Surplus, $172; surplus forward, $979 — total, $1,151.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000; funded
debt (1st 5s of Aug., 1920, Int. F. & A.), $85,000; current liabilities, $4,367; profit and loss,
$1,151 — total, $190,518. Contra: Cost of road and equipment, $184,518; current and other
assets, $6.000 — total, $190,518.
Directors. — Angus McLeod, George Peabody Wetmore, H. D. Auchincloss, Geo. Gordon
King, Newport, R. I. ; Jacob W. Miller, Theo. K. Gibbs, New York, N. Y. OFFICERS : JACOB W.
MILLER, Prea. & Gen. Mgr., Pier 19, N. R., New York, N. Y. ; Angus McLeod, Sec. A Treos., New-
port, R. I. GENERAL OFFICE, Merchant's Bank, Newport, R. I.
PHILLIPS AND RANGELEY BB.— Phillips to Rangeley, Me., 28.6 miles. Gauge, 2 rt.
Rail (steel), 35 Ibs. Organized April 17, 1889; completed July, 1891. Locomotives, 4. Cars — pas-
senger, 4; baggage, 1 ; freight (box, 15; flat, 67), 82; caboose. 1; other cars, 16 — total, 104.
Operations, year ending June 30. 1902. — Trains run (passenger, 22,640; mixed, 18,352),
40,992 miles. Passenger? carried, 11,011; carried one mile, 298,788. Tons freight moved, 6,983;
ton-miles, 180,696. Earnings (passenger, $10,871; freight, $9,981; other, $4,786), $25,638. De-
ductions : Operating expenses, $27,708 ; interest on bond? , $10,000 ; other interest, $2,985 ; taxes,
$199 — total, $40,892. Deficit, $15,254; deficit forward, $81,935 — total, $97,189.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($100,000 auth.; $100
shares), $99,400 ; funded debt, $200,000 ; current liabilities, $91,170 ; interest accrued. $8,558 —
total, $399,128. Contra : Cost of road and equipment, $296,523 ; materials, etc., $101 ; cash and
current assets, $5,315 ; profit and loss, $97,189 — total, $399,128.
Funded Debt. — The funded debt outstanding June 30, 1901 (total, $200,000). consisted of
$160,000 1st 5s of Aug. 1, 1910, and $50,000 ($75,000 auth.) 2d 5s of Sept. 1, 1912.
Directors (elected April 18, 1902). — Calvin Putnam, Danvers, Mass.; Fletcher Pope, Joel
Wilbur, H. H. Field, J. H. Byron, S. G. Haley, Fred N. Beal, Phillips, Ms. OFFICERS : CALVIN
PUTNAM, Prea., Danvers, Mass. ; Fletcher Pope, Vice-Pres. & Gen. Mgr. & Treos., Phillips, Me.
GENERAL OFFICE, Phillips, Me.
SANDY BFVEB BB. — Farmington to Phillips, Me., 18 miles. Gauge, 2 ft. Rail (steel). 35
and 52 Ibs. Chartered April 8, 1879 ; road opened Nov. 20, 1879. Locomotives, 5. Cars — passen-
ger. 4; baggage, etc.. 3; freight (box, 40; flat, 81), 121 — total, 128.
Operations, year ending June 30, 1902. — Trains run (passenger, 28,559; freight, 1,430;
mixed, 13,632; other, 1,278). 44.899 miles. Passengers carried, 31,760; carried one mile, 445,335.
Tons freight moved, 41,375; -ton-miles, 534,815. Earnings (passenger, $16,694; freight, $31,898;
other, $4.704), $53,296. Operating expenses, $29,062. Net earnings, $24.234; other receipts,
$2,688 — total, $26.922. Payments : Interest on bonds, $15,000 ; other interest, $633 ; taxes, $937 ;
dividends (5 p. c.), $5,000 — total, $21,570. Surplus, $5,352 ; deficit forward, $94,003 ; net deficit,
$88,651.
General Balance Sheet, June 30, 1902. — Capital stock, ($100 shares). $100,000; funded
debt, $300,000; current liabilities. $26,084; interest accrued, $1,766 — total, $427,850. Contra:
Cost of road and equipment, $277,192 ; securities owned, $46,065 ; materials, etc., $1,405 ; cash
and other assets, $14,537 ; profit and loss, $88,651 — total, $427,850.
Funded Debt. — The funded debt outstanding on June 30, 1902 (total $300,000), consisted of
$100,000 1st 6s of Sept 1, 1915, and $200,000 1st consol. 5s of July 1, 1921.
POOR'S MANUAL OF RAILROADS. 45
Directors (elected Nov. 20, 1902) — Weston Lewis, J. S. Maxcy, P. H. Wlnslow, Gardiner, Me.
OFFICERS: WESTON LEWIS, Pres.; J. S. Maxcy, Vice-Pres. & Gen. Mgr. ; Geo. A. Farrington, See. &
Treas.; P. H. Wlnslow, And., Gardiner, Me. GENERAL OFFICE, Gardiner, Me.
SEBASTICOOK AND MOOSEHEAD RR. — Pittsfleld to Mainstream, Me., 15 miles.
Gauge, 4 ft. 8J in. Rail (steel), 50 Ibs. Organized July 24, 1886; road opened from Pittsfleld to
Hartland, 8 miles, Nov. 2, 1886 ; extension to Mainstream opened In Jan., 1901. During the fiscal
year 1898-1899, the franchise of this road and the right to take tolls for ten years were purchased
by Z. D. Lancaster, an execution against the company having been obtained by the Lakeside Press,
Portland, Me. Receiver appointed, June 24, 1899, in suit to foreclose the first mortgage. Locomo-
tives (in service, 1), 2. Cars — passenger, 1; combination, 2; freight (flat, 6) — total, 9.
Operations, year ending June 30, 1902. — Trains run (passenger, 11,400; mixed, 9,639),
21,039 miles. Passengers carried, 16,228. Tons freight moved, 15,764. Earnings (passenger,
$5,182; freight, $9,496; other, $1,531), $16,209. Operating expenses, $15,433. Net earnings,
$776. Payments : Interest on bonds, $2,392 ; taxes, $122 — total, $2,514. Deficit, $1,738 ; surplus
forward, $179 — net deficit, $1,559.
Financial Statement, June 30, 1902. — Capital stock paid In ($400,000 auth. ; $50 shares),
$180,000; funded debt ( 1st 5s of Oct. 1, 1925 ; $250,000 auth.), $100,000 ; receivers' certificates,
$47,000 — total, $327,000.
Directors. — Not reported. OFFICERS : A. B. THOMPSON, Rec., Treas. & Oen. ttgr., Pittsfleld,
Me. GENERAL OFFICE, Pittsfield, Me.
SOMERSET RY. — Oakland to Bingham, Me., 41.06 m. ; Dodlin's Quarry branch, 1 m. ;
total track, 42.01 miles. Gauge, 4 ft. 8J in. Rail (steel, 43.56 m.), 50, 52 and 70 Ibs. Chartered as
Somerset RR. March 19, 1860 ; road opened from Oakland to North Anson, 25 miles, Jan. 26,
1874. Defaulted Jan. 3, 1879 ; reorganized under present name Aug. 15, 1883. Extended from
North Anson to Solon, 8.86 miles, in 1889 ; from Solon to Bingham, 7.2 miles, and branch built to
Dodlin's Quarry in 1890. (See MANUAL for 1892, page 585.) Locomotives, 7. Cars — passenger,
6; combination, 2 ; baggage, etc., 3 ; freight (box, 114 ; flat, 45), 159; other, 8 — total, 178.
Operations, year ending June 30, 1902. — Trains run (passenger, 53,564; mixed, 37,583),
91,147 miles. Passengers carried, 42,945 ; carried one mile, 953,978. Tons freight moved, 159,-
552; ton-miles, 3,576,449. Earnings (passenger, $27,031; freight, $97,747; other, $6,654),
$131,432. Operating expenses, $97,868. Net earnings, $33,564; other receipts, $2,637 — total,
$36,201. Payments : Interest on bonds, $18,150 ; other interest, $551 ; taxes, $1,679 ; permanent
Improvements, $11,803 — total, $32,183. Surplus, $4,018 ; surplus forward, $27,375 — total,
$31,393.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $736,649; funded
debt, $397,500; current liabilities, $32,973; profit and loss, $31,393 — total, $1,198,515. Contra:
Cost of road and equipment, $1,166,972 ; materials, etc., $6,676 ; cash and current assets, $24,867
— total, $1,198,515.
Funded Debt. — The funded debt outstanding on June 30, 1901 (total, $397,500), consisted of
$225,000 1st 5s of July 1, 1917, and $172,500 ($420,000 auth.) consol. 4s of July 2, 1950.
Directors (elected Oct. 8, 1902). — R. W. Dunn, W. T. Haines, Waterville, Me.; B. P. J.
Weston, Madison, Me. ; W. M. Ayer, A. R. Small, Oakland, Me. ; J. F. Hill, Augusta, Me. ; Weston
Lewis, Gardiner, Me. OFFICERS : R. W. DUNN, Pres. ; W. M. Dunn, Vice-Pres., Waterville, Me. ;
A. R. Small, Clerk & Treas.; H. W. Greeley, Auditor, Oakland, Me. GENERAL OFFICE, Oakland, Me.
SOUTH MANCHESTER RR. — South Manchester to Manchester, Conn., 2.25 m. ; total
track (3.58 m. steel; 56 Ibs.), 4.66 miles. Gauge, 4 ft. 81 in. Chartered May, 1866; road opened
in June, 1869. Locomotives, 2. Cars (passenger), 4.
Operations, year ending June 30, 1902. — Trains run (passenger, 14,070; freight, 1,845),
15,915 miles. Passengers carried, 100,372 ; carried one mile, 225,837. Tons freight moved, 45,-
348; ton-miles, 102,033. Earnings (passenger, $4,364; freight, $13,607; other, $78), $18,049.
Operating expenses, $15,333. Net earnings, $2,716. Payments : Taxes, $500. Surplus, $2,216 ;
surplus forward, $62,094 — total, $64,310.
General Balance Sheet, June 30, 1902. — Capital stock, ($100 shares), $40,000; current
liabilities, $20,569 ; profit and loss, $64,310 — total, $124,879. Contra : Cost of road and equip-
ment, $121,320 ; materials, etc., $3,559 — total, $124,879.
Directors. — F. W. Cheney, Richard O. Cheney, Harry G. Cheney, Chas. S. Cheney, Frank
Cheney, Jr., South Manchester, Conn. OFFICERS: F. W. CHENEY, Pres.; Richard O. Cheney, Sec.
& Gen. Mgr.; Charles S. Cheney, Treas., South Manchester, Conn. GENERAL OFFICE, South Man-
chester, Conn.
UNION FREIGHT RR.— B. & M. RR. to N. Y., N. H. & H. RR., Boston, Mass., 2.43 m. ;
total track (steel; 88 Ibs.), 4.65 miles. Gauge, 4 ft. 8J in. Chartered and road opened in 1872.
(See MANUAL for 1888, page 84.) Locomotives, 4.
Operations, year ending June 30, 1902. — Trains run (freight), 23,652 miles. Tons freight
moved, 268,140 ; ton-miles, 368,692. Earnings (freight, $80,599 ; other, $565), $81,164. Operat-
ing expenses, $41,695. Net earnings, $39,469 ; other receipts, $2,076 — total, $41,545. Payments :
Interest debt, $3,540; taxes, $2,528; dividends (12 p. c.), $36,000 — total, $42,068. Deficit, $523;
surplus forward, $51,220 ; net surplus, $50,697.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($500,000 auth.; $100
shares), $300,000; real estate mortgages, $88,500; current liabilities, $25,472; profit and loss,
$50,697 — total, $464,669. Contra : Cost of road and equipment, $413,070 ; securities owned,
$13,000 ; materials, etc., $3,702 ; cash and current assets, $34,897 — total, $464,669.
Directors (elected Jan. 14, 1903). — Chas. F. Choate, Fayette S. Curtis, Geo. A. Gardner, Bos-
ton, Mass. ; John M. Hall, New Haven, Conn. ; Joshua M. Sears, Nathaniel Thayer, Boston, Mass.
OFFICERS : FAYETTE S. CURTIS, Pres. ; Austin W. Adams, Clerk & Treas. GENERAL OFFICE, South
Terminal Station, Boston, Mass.
WASHINGTON COUNTY RR. -Calais to Washington June., Me., 102.28 m. ; Eastport
June, to Eastport, Me., 16.72 m. ; St. Crolx June, to Princeton, Me., 17.33 m. — total, 136.33 m. ;
total track (steel ; 146.79 m.), 148.20 miles. Gauge, 4 ft. 8) in. Rail — Iron, 66 Ibs. ; steel, 60 Ibs.
Chartered March 7, 1893; road opened throughout on Jan. 2, 1899. (See MANUAL for 1900, page
46.) Locomotives, 12. Cars — passenger, 16; combination, 3; baggage, mail, and express, 4;
freight (box, 100; flat, 147), 247; caboose, 2; derrick, 1 — total, 273.
Operations, year ending June 30, 1902.— Trains run (passenger, 162,832; freight, 75,498;
mixed, 33,685), 272,015 miles. Passengers carried, 182,780; carried one mile, 5,058,917. Tons
46 POOR'S MANUAL OF RAILROADS NEW ENGLAND GROUP.
freight moved. 173,038 ; ton-miles. 7,702,638. Earnings < passenger, $130,784 ; freight, $107,634 :
other, $23,605), $261,923. Operating expenses, $179,015. Net earnings, $82,908. Pay men ts : In-
terest on bonds, $108,583; taxes, $2,106 — total, $110,689. Deficit, $27,781; deficit forward,
$170,283— total, $198,064.
General Balance Sheet* June 30, 1902. — Capital stock paid in ($1,499,900 common and
$500,000 preferred), $1,999,900; funded debt (1st 5s of Jan. 1. 1948), $2,320,000; loans and
bills payable. $69,657; current liabilities, $25,426; unpaid interest, including July 1, 1902, $519,-
829 — total, $4,934,812. Contra : Cost of road and equipment, $4,686.173 ; materials, etc., $24.602 ;
cash and current assets, $25,973 ; profit and loss, $198,064 — total, $4,934,812.
Capital Stock. — Capital stock authorized Is $2,000,000 in $100 shares — common, $1,500,-
000 ; preferred, $500,000. The preferred stock is entitled to dividends up to 5 p. c. per annum, non-
cumulative, In priority to common stock. It is all held by Washington County, Me.
Directors (elected March 10, 1903). — For one year: Geo. A. Curran, Calais, Me.; L. M.
Schwan. Frank E. Randall, New York ; F. A. Chandler, Addison, Me. ; W. M. Nash, Cherryfleld,
Me. For fico years: W. Kirkpatrick Brice, Stewart M. Brice, New York; Geo. A. Murchie, R. W.
Kelley, Calais, Me. For three years: John W. Simpson, Grant B. Schley. F. W. Whltridge, Henry
W. Cannon, New York. OFFICERS : FREDERICK W. WHITRIDGE, Pres. ; Grant B. Schley, 1st Vice-
Pres. ; Frank E. Randall, Treat., New York, N. Y. ; O. J. Cherry, Clerk d Oen. Aud. ; R. W. Kelley,
Oen. Mgr.; N. P. Baker, Oen. Supt., Calais, Me. GENERAL OFFICE, Calais, Me.
WHITE RIVER BB. — Rochester to Bethel, Vt., 19 miles. Gauge, 4 ft. 8J in. Rail (steel),
60 Ibs. Chartered Nov. 21, 1902, as successor to the White River Valley RR. Co., whose property
was sojd under foreclosure Aug. 19, 1902 (see MANUAL for 1902, page 42). Locomotives, 2. Cars —
passenger, 2; freight, 6. Capital stock ($100 shares), $250,000. Funded debt (gold 5s of Jan. 1,
1933, int. J. & J.), $250,000. Trustee of bonds: American Loan and Trust Co., Boston, Mass. Cost
of road, about $400,000. SAMUEL WILLIAMS, Pres.; Ernest P. Jose, Asst. Treas., Boston, Mass.
GENERAL OFFICE, Boston, Mass.
WISCASSET, WATERVILLE AND FARMINGTON BB.— Wiscasset to Winslow, Me.,
42.2 m. ; Weeks Mills June, to Albion, Me., 15.26 m. — total, 57.46 m. ; total track (steel ; 35 Ibs),
60.96 miles. Gauge, 2 ft. Consolidation, March 29, 1901, of the Wiscasset and Quebec RR. Co.
(see MANUAL for 1901, page 41), the Waterville and Wiscasset RR. Co. and the Franklin, Somerset
and Kennebec Ry. Co. The extension from Weeks Mills to Winslow, 14 miles, was built in 1902.
Locomotives, 4. Cars — passenger, 3 ; combination, 2 ; baggage, etc., 1 ; freight (box, 22 ; flat, 24 ;
coal, 10), 56; service, 22 — total, 84.
Operations, year ending June 30, 1902. — Trains run (passenger, 10,161; freight, 27,534;
mixed, 7,470), 45,165 miles. Passengers carried, 12,479; carried one mile, 225,798. Tons freight
moved, 15,000; ton-miles, 398,540. Earnings (passenger, $5,800; freight, $15,061; other,
$4,988), $25,849; other receipts, $31 — total, $25,880. Deductions: Operating expenses, $26,066;
Interest on bonds, $2,392 ; taxes, $149 — total, $28,607. Deficit, $2,727.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($1,000,000 auth. ; $100
shares), $194,300; funded debt (1st gold 5s of July 1, 1931; $1,000,000 auth.), $637,300; cur-
rent liabilities, $14,144 — total, $845,744. Contra: Cost of road and equipment, $804,130; ma-
terials, etc., $1,162; cash and current assets, $37,725; profit and loss, $2,727 — total, $845,744.
Directors. — Edward P. Borden, Joseph C. Gill, Philadelphia, Pa. ; Fredk. C. Thayer, Water-
vllle, Me. ; Godfrey P. Farley, Wm. D. Patterson, Wiscasset, Me. ; Leonard Atwood, Farmlngton
Falls, Me.; P. H. Stubbs, Strong, Me. OFFICERS: LEONARD ATWOOD, Pres.; Fredk. C. Thayer,
Vice-Pres., Waterville, Me. ; Wm. D. Patterson, Cleric A Aud., Wiscasset, Me. ; Joseph C. Gill,
Treas., Philadelphia, Pa. GENERAL OFFICE, Waterville, Me.
WOOD BIVEB BRANCH RR.— Wood River Junction to Hope Valley, R. I., 5.7 m. ;
total track (steel, 3.75 m.), 6.62 miles. Rail — iron, 45 Ibs.; steel, 58 and 60 Ibs. Gauge, 4 ft. 8}
in. Chartered May, 1872 ; road opened July 1, 1874. Locomotives, 2. Cars — passenger, 2 ; bag-
gage, mall, etc., 1 — total, 3.
Operations, year ending June 30. 1902. — Trains run (passenger, 12,000; mixed, 6,377;
other. 500), 18,877 miles. Passengers carried, 22,545; carried one mile, 116,460. Tons freight
moved, 15,306 ; ton-miles, 82,543. Earnings (passenger, $5,000 ; freight, $10,293 ; other, $1,002),
$16,295. Operating expenses, $10,810. Net earnings, $5,485 ; other receipts, $50 — total, $5,535.
Payments : Interest on bonds, $3,108 ; other interest, $291 ; taxes, $500 — total, $3,899. Surplus,
$1,636 ; surplus forward, $9,326 — total, $10,962. Deductions during the year, $750. Net surplus,
$10,212.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $60,000; funded
debt (1st 5is of July 1, 1909; $60,000 auth.), $56,500; current liabilities, $7,731; Interest ac-
crued, $1,554 ; profit and loss, $10,212 — total, $135,997. Contra : Cost of road and equipment,
$128,646; cash and current assets, $7,351 — total, $135,997.
Directors (elected Oct. 14, 1902). — Amos G. Nichols, Edward Barber, F. H. Peckham.
Ralph C. Watrous, Edward G. Buckland, Providence, R. I. OFFICERS : AMOS G. NICHOLS, Pres.,
Hope Valley. R. I.; Ralph C. Watrous, Vice-Pres., Providence, R. I.; S. R. Richmond, Treas.;
Edward G. Buckland, Sec.; Adelbert R. Clark, 8upt., Hope Valley, R. I. GENERAL OFFICE, Hope
Valley, R. I.
WOODSTOCK BY. — Woodstock to White River June., Vt, 13.88 m. ; total track, 15 miles.
Gauge, 4 ft. 8J in. Rail (steel, 13 m.), 56 Ibs. Organized July 1, 1890, as successor to the Wood-
stock RR. Co. (See MANUAL for 1891, page 593.) Locomotives, 2. Cars — passenger, 3; baggage,
etc., 1 ; freight (box, 2 ; flat, 3), 5 — total, 9.
Operations, year ending June 30, 1902. — Earnings (passenger, $15,411 ; freight, $23,257 ;
other, $1,961). $40,629. Operating expenses, $24,149. Net earnings, $16,480; other receipts,
$300 — total, $16,780. Payments: Taxes, $1,052 ; dividends (3 p. c.). $7,497 — total, $8,649. Sur-
plus, $8,231 ; surplus forward. $35,448 — total, $43,679.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $250,000; profit and
loss, $43,679 — total, $293,679. Contra : Cost of road and equipment, $269,110 ; materials, etc.,
$3,676 ; cash and current assets, $20,993 — total, $293,679.
Directors. — John J. Dewey, Quechee, Vt. ; Frank S. Mackenzie, Frederick Billings, Franklin
F. Billings, Wm. E. Johnson. J. O. Porter, Woodstock, Vt. ; Samuel E. Kilner, New York, N. Y. ;
Richard Billings, St. Paul, Minn. One vacancy. OFFICERS : JOHN J. DEWEY, Pres., Quechee, Vt. ;
F. 8. Mackenzie, Vice-Pres.; J. G. Porter, Gen. Mgr., Trees. & Clerk, Woodstock, Vt. GENERAL
OFFICE, Woodstock, Vt
POOR'S MANUAL OF RAILROADS.
47
MIDDLE GROUP— States of New York, New Jersey, Penn-
sylvania, Delaware and Maryland, and District of Columbia.
BALTIMORE AND OHIO RAILROAD COMPANY.
(For map of this system, see between pages 48 and 49.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONB.
Capitalization of System 7
Capital Stock 12
Cost of Proprietary Roads..l4, 16
Directors and Officers 20
Dividends Paid 9
Earnings and Expenses. 8 and 9b
Earnings of System 6
Equipment of System 4,5
Financial Changes, 1901-02... 11
Funded Debt Details 13
General Balances, 1896-1902 ... 17
General Balance Sheet 10
History 1
Income Account 8
Interest Charges, etc 9c
Leased Lines, Statements for. 19
Mileage of System 2, 3
Operations & Inc., 1901-1902.. 6
Rolling Stock 4
Securities Deposited Under
Mtges 13
Securities Owned 18
Subsidiary Roads Statements. 19
Undeposited Old Securities.. .15
1. History. — The Baltimore and Ohio RR. Co. was chartered in Maryland on Feb-
ruary 28, 1827, and in Virginia on March 8, 1827. The construction of the road was
begun on July 4, 1828, and the main line was opened throughout on January 1, 1853. On
March 1, 1896, the property was placed in the hands of receivers, by whom it was oper-
ated for more than three years. It was restored to the company on July 1, 1899, a reor-
ganization having been effected, without foreclosure, under the terms of the plan outlined
in the MANUAL for 1898, on page 1378 et seq. The story of the enlargement of the system
since the reorganization, including an account of the financial developments connected with
such enlargement, is in the MANUAL for 1902, on pages 46 and 47. A sketch of previous
enlargements of the system is in the MANUAL for 1898, on page 298, and a review of the
financial operations of the company, covering the period from Sept 30, 1884, to June 30,
1895, is in the MANUAL for 1896, page 376.
During the year ending June 30, 1902, the Snyder Avenue Branch of the Schuylkill
River East Side RR. was extended from Snyder Avenue to Jackson Street in Phila-
delphia, a distance of 1 mile; the Patuxent Branch of the Baltimore and Ohio RR. was
extended from Savage Factory to Guilford, Md., a distance of 3.03 miles; a branch was
constructed, under the charter of the Paw Paw RR. Co., from Fairmont to Gray's Flat,
W. Va., a distance of 7.3 miles, and the Niver Coal Fields Line was built from
Berlin, Pa., to Niver Coal Mines, No. 1, a distance of 1.69 miles; a total of 13.02 miles
added by construction to the mileage of B. & 0. Lines.
At the date of the annual report the company was about finishing the construction
of a new line under the charter of the Patterson Creek and Potomac RR. of West Vir-
ginia, leaving the present Cumberland Division at Patterson Creek, a station 7.1 miles
east of Cumberland, intersecting the Cumberland Division again near Potomac Station,
10.3 miles west of Cumberland. The length of the cut-off line is 6.9 miles, the old line
17.4 miles, resulting in the saving in distance of 10.5 miles. The new line crosses the
Knobley Mountains by a tunnel 4,120 feet in length. In addition to shortening the dis-
tance, the maximum east bound grade 26.4 feet is reduced to 15.8 feet, with degrees of
central angle lowered from 1,188 to 380 degrees, and the maximum curvature reduced
from 9 to 6 degrees. The line is double tracked, and will be used in the movement of
coal and other business from the company's West Virginia and Southwestern lines.
Under the charter of the Cherry Run and Potomac Valley RR. of West Virginia, a
new line was being constructed between Cherry Run and Wilsons, a distance of 9.64
miles, which, when completed, will furnish a line with maximum grades of 15.8 feet,
and which improves the curvature between these points, besides eliminating the helper
grade at the company's Paw Paw tunnel summit.
The system extends from Philadelphia, Pa., Baltimore, Md., and Washington, D. C.,
to Chicago, 111., and to St. Louis, Mo., with branches to Mount Jewett, Pa., to Fairport,
Cleveland, Lorain, and Sandusky, on Lake Erie, and to several points on the Ohio River.
In connection with the Philadelphia and Reading Ry. and the Central RR. of New Jer-
48
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Bey a through route is maintained between Washington, Philadelphia, and New York.
By means of this line connection is made with the Baltimore and New York RR., the
Arthur Kill Bridge, and the railroads and terminals of the system on Staten Island.
2. Mileage of Baltimore and Ohio Railroad System, June 30, 1902.
Lines Operated aa Baltimore and Ohio RR.
A. LINES OWNED (total, 524.91 miles )^
Main Stem: Baltimore, Md., to Wheeling, W. Va 379.42 miles.
Locust Point Branch: Mt. Clare to Locust Point, Md 5.60
Camden Cut-off: Carroll to Camden Junction, Md 1.50 "
South Baltimore Branch: Carroll to Cliffords, Md 2.00 /
Curtis Bay Branch: Curtis Bay Junction to Curtis Bay, Md 5.46
Sea Wall Branch: Crisp to Wagners Point, Md 1.50
Patuxent Branch: Savage to Guilford, Md 4.33
Alexandria Branch: Alexandria Junction, Md., to Shepherd, D. C 12.50
M< tropolitan Branch: Washington, D. C., to Washington Junction, Md. . . . 42.80 "
Frederick Branch : Frederick Junction to Frederick, Md 3.50
Imperial Coal and Coke Branch: Hardman to I. C. & C. Co. Mines, W. Va. . . 1.38
Raccoon Valley Branch: Newburg to Austin Mines, W. Va 3.12
Gorman Extension: Austin Mines to Gorman Mines, W. Va 0.78
Parkersburg Bridge: Parkersburg, W. Va., to Belpre, 0 1.40
Benwood Bridge: Benwood, W. Va., to Bellaire, 0 1.10
Adamsburg Branch: Yough RR. Junction to Edna, Pa 1.73
Kiver Coal Fields Line: Berlin, Pa., to Niver Coal Fields, No. 1 1.69
Philadelphia Branch : Delaware State Line to Canton, Md 52.60
Sparroics Point Branch: Sparrows Point Junction to Colgate Creek, Md. ... 1.60
Highlandtown Branch: Highlandtown Junction to Highlandtown, Md 0.90
B. PROPRIETARY AND LEASED ROADS (total, 2,685.02 miles).
Akron ft Chicago Junction RR... 76.66m.
Baltimore ft New York Ry 5.30 m.
Bait. & Ohio ft Chicago RR 262.78 m.
Bait. & Ohio Connecting RR 2.22 m.
B. ft 0. Southwestern RR 917.22 m.
Baltimore ft Philadelphia RR 59.32m.
Baltimore Belt RR 7.16 m.
Bay Ridge ft Annapolis RR 4.50 m.
Berkeley Springs & Potomac RR. . 5.95 m.
Berlin RR 8.00 m.
Central Ohio RR 137.30 m.
Bellaire ft St. Clairsville RR 6.53 m.
Clev., Woos. ft Musk. Vy. RR 36.26 m.
Colum. A Cincin. Midland RR 69.80 m.
Confluence ft Oakland RR 19.70m.
Eastern Ohio RR 16.92m.
Fayette County RR 11.80 m.
Fairm., Morgan ft Pittsb. RR 57.60m.
Grafton ft Belington RR 46.73 m.
Lancaster, Cecil & Southern RR . . 4.00 m.
Metropolitan Southern Ry 2.25 m.
Brought Forward 1,758.00
Monongahela River RR 31.20
Mt. Pleasant ft Bd. Ford RR. 9.70
Ohio ft Bait. Short Line RR. 9.30
Ohio Midland RR 46.70
Parkersburg Branch RR 103.30
Paw Paw RR 7.30
Pittsb. ft Connellsville RR... 148.80
Pt. PL, Buck, ft Ty. V. RR. 9.30
Salisbury RR 16.17
Sand., Mans, ft Newark RR. 116.25
Schuylkill Riv.East Side RR. 12.00
Smithfield & Masontown RR. 7.91
Somerset & Cambria RR. ... 45.10
South Branch RR 16.00
Washing. B'ch. of B. ftO. RR. 31.00
Washington County RR 24.20
West Virginia ft Pittsb. RR. 176.48
Winchester ft Potomac RR.. 32.00
Winchester ft Strasburg RR. 20.38
Wheeling, Pittsb. ft Bait. RR. 63.93
O. TRACKAGE RIGHTS (total, 23.57 miles).
Cumberland d Pennsylvania RR : Cumberland to Mt. Savage, Md 3.50 "
Chicago, Rock Island d Pacific Ry. : R. I. Connection to Brainerd June., Ill . 6.27
Chicago Term. Trans. RR.: Forest Hill to Grand Central Sta., Chicago, 111. 11.20
Cleveland, Cincinnati, Chicago ) I. B. ft W. Junction to Columbus, 0 1.40 "
d St. Louis Ry.: ] Union Depot to Transfer Depot, Cin., O.. 1.20
Total length of lines operated as B. ft 0. RR 3,233.60 miles.
ia/M3S2^-Aj^r
^H- / \\Jw3toS&~±~
emphis\Jc.
RussfiHville ^Glasgow
MAP OF THE
BALTIMORE & OHIO
SYSTEM.
. //;
1" \Ckve <-'
~-
-Norfolk
1>0|-1M\IOU|
POOR'S MANUAL BALTIMORE AND OHIO RR. CO.
49
Controlled and Affiliated Lines, Operated by B. & 0. RR. Co. as Agent.
A. PROPRIETARY (total, 1,099.82 miles).
Valley RR. of Virginia 62.00m.
Ohio River RR 208.66 m.
Huntington & Big Sandy RR... 10.92m.
Ravensw., Spencer & Glenv. Ry. . 32.50 m.
Ripley & Mill Creek Valley RR. . 13.00 m.
West Virginia Short Line RR. . . 58.00 m.
Pittsburgh Junction RR 6.92 m.
Pittsburgh & Western RR 214.18m.
Pittsburgh & Northern RR 3.30 m.
Brought forward 609.48 miles.
Trumbull & Mahoning RR... 11.38 "
Pittsb., Cleve. & Toledo RR. . 77.10 "
Pittsb., Painesv. & Fairp. RR. 53.00
Ellwood Short Line RR 3.10 "
Cleve., Term. A Valley RR... 75.47 "
Sandyville A Waynesb. RR... 5.95 "
Cleve., Lor. & Wheeling RR. 192.30 "
Ohio & Little Kanawha RR.. 72.04 "
B. TRACKAGE RIGHTS (total, 6.22 miles).
P., C., C. d St. L. Ry.: Benwood Junction to Wheeling, W. Va 4.00
Cincinnati & Muskingum Valley RR.: Zanesville to Fair Oaks, 0 1.60
Bait. & Ohio Southwestern RR.: West Marietta to Marietta. . 0.62
Total length of lines operated by B. & O. RR. Co., as agent 1,106.04 miles.
Total length of lines operated by B. & 0. RR. Co., June 30, 1902. . . .4,339.54 miles.
Controlled and Affiliated Lines Operated by Their Own Organizations.
Shnrpsville Railroad 17.75 "
8tat en Island Railway 12.64 "
Staten Island Rapid Transit Railway 10.90 "
Total single track mileage of the system, June 30, 1902 4,380.83 miles.
The results from the operation of the controlled and affiliated lines that are oper-
ated by the B. & O. RR. Co., " as agent for their owners" (total, 1,106.04 miles, as per
preceding statement), are not included in the accounts of the operating company, except
that the sum of $1,054,887.94 is included in the income account (Section 8) as the net
income of the following lines for the periods named: Ohio River RR., 12 months; West
Virginia Short Line RR. (deficit), 11 months; Pittsburgh Junction RR., 12 months;
Pittsburgh &, Western RR. (including Trumbull and Mahoning RR., Ellwood Short Line
RR. and Pittsburgh and Northern RR.), 5 months; Pittsburgh, Cleveland & Toledo RR.,
12 months; and Pittsburgh, Painesville and Fairport Ry., 12 months. In Section 6 is
shown the combined income of all lines operated by the B. & O. RR. Co., for two fiscal
years.
3. Mileage of Track. — Statement showing by operating divisions the track mile-
age of the lines operated by the Baltimore and Ohio RR. Co., on June 30, 1902:
NAME.
FROM
TO
First
Track.
2d, 3d
A 4th
Tracks.
Sidings.
Total
Track.
B. & 0. Lines
Baltimore & New York Ry
Schuylkill River East Side RR . .
Main Line
Stock Yard Branch
Arthur Kill Bridge, N. J. .
Park Jc.. Phila., Pa
Stock Yard Jc Phila Pa.
Cranford, N.J
Eastwick, Phila., Pa
Stock Yards Phila Pa. . .
M.
5.30
3.80
0.50
M.
7.40
M.
5.62
19.80
M.
10.92
31.00
0.50
Delaware Branch
East Side Philadelphia Pa
Reed St Phila Pa
5.40
5.40
0.26
11.06
Point Breeze Branch
Jackson St Phila Pa
Point Breeze, Phila., Pa. . .
0.40
0.70
1.10
Oregon Avenue Extension
Snydei Avenue Branch
SwansonSt., Phila.. Pa....
MooreSt., PhUa., Pa. .
Salt Works, Phila., Pa. ...
Jackson St., Phila., Pa. ...
0.50
1.40
0.40
0 .09
0.50
1.89
Total Schuylkill Riv. E.S.RR.
12.00
13.90
20.15
46.05
Philadelphia Division.
Baltimore A Philadelphia RR
Crum Creek Branch
Eastwick, Phila.. Pa
Md.and Del. State Line . .
36.80
2.40
36.80
32.57
106.17
2.40
WAN June Del
Market's! Wilm'tgon Del
3.02
0.00
an
South Wilmington Branch
Landenberg Branch
West Yard, Wilm'ton.Del.
Commerce'st.. Wil., Del . .
2.80
14.30
'a. is
2.SO
17.46
Philadelphia Branch .
Md & Del £tate Line
52.60
51.16
23.26
UBJt
Lancaster Cecil A South RR
Childs Md
4.00
0.24
4.24
Colgate Creek Md
1.60
0.15
1.75
Highlandtown Branch
Highlandtown, Md.
0.90
0.47
1.37
Total Philadelphia Division
118.42
87.90
50.93
266.96
50
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
NAME.
FROM
TO
First
Track.
id. 3d
A 4th
Tracks.
Sidings.
Total
Track.
B. ft 0. Unas
Main Line and Branch**.
Baltimore Belt RR
Bay View, Md
Hamburg St Balto Md. ..
M.
716
M.
9.08
375.60
5.60
1 50
M.
2.85
325.40
19.35
M.
IH 09
' W.tt
3.00
2.43
15.41
3.42
4.51
14.38
79.86
2.2«
6.21
29.35
37.24
23.92
7.01
17.00
1.78
4.48
1.07
7.30
156.22
49.69
8.23
4.18
no
Main 1 inc. B ft 0 RR.
Baltimore Md
Wheeling, W. Vo
Locuat Point Md
379.42
5.60
150
Locust Point Branch
Mt. Clare. Md
Camden Cut-off
Carroll, Md
Camden June Md
South Balto. Branch
Carroll, Md .
Clifford* Md
2.00
5.46
1.50
4.33
12.50
42.80
225
3.50
24.20
32.00
20.38
5.95
16.00
0.43
9.95
1.92
0.18
1.88
15.65
Curtis Bay June., Md ....
Crisp, Md
Curtis Bay, Md
Wagner's Point, Md
Sea Wall Branch.
Savage, Md.
luilford Md
Alexandria June., lid.
Washington D. C
Shepherd DC ...
21.41
Metropolitan Southern Ry
Metropolitan So. Junc.,Md
Frederick June., Md.
Weverton,Md
Chevy Chaxe, Md
Frederick Md
2.71
5.15
5.24
3.54
1.06
1.00
0.40
1.36
0.29
Washington County RR. ...
Winchester ft Potomac RR
Harpers Ferry, W. Va. . . .
Winchester, Va
Strasburg, Va
Berkeley Springs, W.Va..
Romnev, W. Va.
Winchester ft Btrasburg RR . . .
Berkeley Springs A Potomac RR. ..
South Branch RR
Hancock, W. Va
Green Spring, W. Va
Imperial Coal and Coke Co.'s lin. . . .
Hardman, W. Va
Imp.CoalACokeCo.'sMines
Austin Mines, W. Va
Gorman Mines, W. Va. . . .
Trays Flat W Va
1.38
3.12
0.78
730
Newburg W Va
•Vustin Mines W. Va. ....
Paw Paw RR
Grafton W. Va
Parkersburg W Va ....
103.30
42.00
4.73
4.18
5.12
1.40
1.10
2.52
50.40
7.69
3.50
'i.67
Grafton A Belington RR
Grafton W. Va
Belington W Va.
Hayes, W. Va.
So.Coal A Trans.Co., W.Va.
Pt Plea* Buck. A T V RR
TygartsJunc., W. Va
Lemley June., W. Va
Parkersburg June., W. Va.
Benwood, W.Va
Relay Station, Md
Century, W.Va
Belpre 0
Parkersburg Bridge.
Benwood Bridge
Bellaire, 0
Washington, D C
Total Main Line A Branches. . .
Washington Branch
740.96
31.00
4.50
415.71
31.00
461.52
14.37
1.26
18.87
0.41
' ' 0.35
1.618.19
76.37
5.76
120.86
9.44
9.47
50.79
5.55
Bay Ridge & Annapoli* RR . . .
Wett Va. <t PUtsburg RR.
Short Line June., Md
WestVa. A Pitts. Jc
Camden-on-Gaulcy.W.Va.
Curtin,W.Va
Weston,W.Va
Flatwoods, W. Va
Bay Ridge, Md. . .
Camden-on-Gauley, W.Va.
Curtin W Va
101.99
9.03
Main Line Cherry Extension ....
Ricbwood, W. Va i 9.47
Pickens, W.Va. 50.44..,
Sutton W Va : sss
Pickens Branch
Button Branch
Total W. Va. A Pittsburg Div..
Monongahela River RR
PUtsburg Division.
Comb. A Penn. RR. Trackage
Pitteburg A Connellsville RR
176.48
31.20
3.50
146.70
8.00
9 10
19.63
27.81
196.11
• 59.01
7.00
381.74
10.92
17.67
503
1.37
1.30
2.17
59.83
22.69
13.50
19.23
76.91
1.00
8.34
13.36
2.17
100.09
3.13
1.69
Mon. Riv. Jc.. W. Va.
Cumberland, Md
Mount Savage Jc., Md
Garrett, Pa
Salisbury Jc Pa
Gaston Jc.. W. Va
Mount Savage Jc., Md. . .
Pittsburg Pa
3.50
111.97
123.07
2.92
8.57
2.53
0.27
Berlin Branch
Berlin, Pa
West Salisbury Pa
Salisbury RR.
Grassy Run Ext.
Grassy Run Jc., Pa
Co-Operative Mines, Pa. . .
Hamilton No. 1. Pa
2.50
1.10
1 30
Hocking Ext
McDonald Ext
West Salisbury Pa. . .
Flag Run Branch. . , — ,
2.17
45.10
19.70
9.30
11.80
56.60
100
Somerset A Cambria RR.
Rockwood, Pa
Johnstown, Pa
Manor Lands, Md
Kim Siding, Pa
Uniontown, Pa
F.M.AP.Jc.,W.Va.. ..
Red Stone, Pa.
14.73
2.99
4.20
7.43
20.31
Confluence A Oakland RR
Ohio A Baho. Short Line, E. Div. . .
Fayette County Branch
Greene, Pa
Fairmont, Morgantown A 1'itte.RR.
Redstone Branch
Uniontown, Pa
Red Stone Jc. Pa.
Smithfield A Masontown RR
Mt Pleasant A Broadford RR.
Hickman Run Branch
Smithfield Pa
791
0.43
3.66
0.07
36.16
1.40
Broadford, Pa.
Mt Pleasant Pa. .
970
Hickman Run Jr., Pa . ...
Wheeling, Jc., Pa
2.10
63.93
1 73
Wheeling, Pittsburg A Balto. R.R. .
A *I_M_lt^_« r> i
Wheeling, W. Va
Edna Pa
YouRhRR.Jc Pa
Niver Coal Fields Line
Total Pittoburg Division.
Berlin. Pa
Niver Coal Mines, No. 1 . .
1.69
404.93
137.30
6.53
1692
115.47
38.80
228.74
106.82
1.42
2.37
64.44
9.00
2.77
ii.77
749.14
282.92
7.95
19.29
185.32
52.86
5.61
1.40
.81.57
Middle Division.
Central Ohio RR
Bellaire 0
Columbus, 0
Bellaire A St Clairsville RR.
Eastern Ohio RR.
St ClairsvilleJc.. 0
Campbells 0
St Clairsville 0
Sandnsky, Mansfield A Newark RR.
Ohio Midland RR
Roek Run Branch
Newark, 0
116.25
43.86
4.63
Newark, 0
Shawnee, 0
Shawnee. 0.. .
C.A.H.C.A.I.Co.'sMines.O.
C.C.C.ASt.L.Jct.,Cols.,0..
Midland City, 0
2.84
1.40
69.80
C.C.C. 4 St. L Trackage
Columbus. 0
Columbus, 0
Columbus 4 On. Midland RR.
Total Middle Division
394.90
43.43
198.50
636.92
POOR'S MANUAL BALTIMORE AND OHIO RR. CO.
51
NAME.
FROM
TO
First
Track.
2d, 3d
A 4th
Tracks.
Sidings.
Total
Track.
B. & 0. Lines
Northwestern Division.
Balto & Ohio A Chicago RR
Chicago Jet., 0
Brookdale, Chicago, 111. . ..
Conn.C.R.I.AP., Chi., 111. .
M.
262.70
008
M.
131.21
M.
175.41
M.
569.32
0.08
12.54
4.44
22.40
108.17
0.53
39.92
Rock Island Connection
Rock Island Jc., Chi., 111...
Conn. C. R. I. A P., Ill
Brainerd Jc., Ill
C. R. I. A P. Ry. Trackage
Balto & Ohio Connecting RR
Brainerd Jc., Chicago ....
Forest Hill, Chicago, 111...
Grand Cent.Sta., Chi., 111. .
Chicago Jc., 0
6.27
2.22
11.20
76.13
0.53
36.26
6.27
2.22
11.20
15.63
C T T RR Trackage
Forest Hill, 111
Akron & Chicago Junction RR
Akron A Chicago Loop Line
Cleve. Woos. A Musk. Valley RR. .
P. A W. Jc., Akron, 0
P. A W. Jc., Akron, O . . . .
Lodi,0
16.41
' ' 3.06
Conn.C.T.&V., Akron, 0..
Millersburg, Ohio
395.39
528.85
11.09
55.43
21.43
53.31
7.46
11.40
228.25
1.20
166.53
30.55
195.48
267.41
3.78
26.66
2.69
10.14
1.68
1.68
43.78
757.40
826.81
14.87
82.09
24.12
63.45
9.14
13.08
272.03
1.20
Southwestern Division.
B A 0 Southwestern RR
Belpre, 0
East St. Louis, 111
Marietta Branch
Portsmouth Branch
Hillsboro Branch
Louisville Branch
New Albany Branch
Bedford Branch
Springfield Branch
Belpre, 0
rlamden, 0
Blanchester, 0
N. Vernon, Ind
Watson, Ind
Rivervale, Ind
Beardstown, 111
Marietta, 0
Portsmouth, 0
Hillsboro, 0
Jeffersonville, Ind
New Albany, Ind
Bedford, Ind
Shawneetown, 111
C. C. C. A St. L. Trackage
Union Depot, Cin., 0
Transfer Depot, Cin., 0 ...
918.42
30.55
357.82
1,306.79
Total Mileage B. A 0. Lines —
Affiliated Lines.
Valley RR of Va . ...
3,233.50
904.49
1,590.92
5,728.91
Harrisonburg, Va
Lexington, Va
W.B'k,Guyan.Riv.,W.Va.
Wheeling, W.Va
62.00
208.66
400
8.27
41.77
70.27
250.43
4.00
17.01
58.12
Ohio River Division.
Ohio River RR
BenwoodJc.,W.Va.
Benwood Jc., W. Va
Pitts., C. C. C. 4 St. L. Ry. Trackage
Huntington & Big Sandy RR
West Va. Short Line RR
W. Bk. Guyan.Riv.,W.Va.
New Martinsville, W. Va..
Kenova, W.Va
Adainston, W. Va
10.92
58.00
6.09
0.12
281.58
47.98
2.23
.. 0.90
9.72
1.18
329.56
34.73
13.90
18.66
3.63
Rav. Spencer & Glenv. Ry . . . .
Ripley & Mill Creek Valley RR.
Pitlsburg Junction Railroad.
Ravenswood, W. Va
Millwood, W. Va
Laughlin Jc., Pa
Spencer, W. Va
Ripley, W.Va
Willow Grove Jc., Pa
32.50
13.00
4.47
2.45
4.47
36th Street, Pittsburg, Pa.
9th Street, Pittsburg, Pa. .
Total Pittsburg Junction RR. .
Pittsburg & Western RR.
Standard Gauge
6.92
116.63
97.55
4.47
48.55
10.90
67.53
38.25
22.29
232.71
135.80
Woods Run, Pa
VewCa«tle,Pa., inc.Br'hes.
Mt. Jewett, Pa
Foxburg, Pa
Total Pittsburgh Western RR.
Truntbull dc Mahoning RR.
Standard Gauge
214.18
5.80
4S.55
105.78
0.10
368.51
5.90
5.58
Haselton, Ohio
Brier Hill, 0...
Narrow Gauge
Total Trumbull A Mahon. R.R.
Pitts., Cleve. <Sc Toledo RR
Pitts. , Paines. & Fairport Ry. . .
Ellwood Short Line RR
Pittsburg A Northern RR
Clev. Term. & Valley RR. .
Brier Hill, 0
Niles, 0
5.58
11.38
0.10
15.38
26.00
1.21
0.10
70.91
1.25
132.24
10.51
11.48
113.29
83.78
7.41
8.40
150.86
7.20
329.24
82.55
1.60
0.62
New Castle Jc., 0
Akron Jc., 0
77.10
53.00
3.10
3.30
75.47
595
20.81
4.78
3.10
4.48
De Forest Jc., 0
North Sewickley, Pa
Bennetts, Pa
Cleveland, Ohio
Fairport, 0
Rock Point, Pa
Brookfield, Pa
Valley Jc.,0
Magnolia 0
Sandy villetb Waynesburg RR . .
Cleve. , Lornin <Se Wheeling Ry.
Ohio <k Little, Kanawha R.R.
Ohio & Little Kanawha RR
CAM V RR Trackage
( I.orain 0
Bridgeport, 0 )
192.30
72.04
1 60
4.70
} Martin's Ferrv 0
Bellaire, 0 {
( Cleveland, 0
Fair Oaks, 0
Lester, 0 )
Marietta, 0
Fair Oaks 0
B. *0. 8. W. RR Trackage
West Marietta, 0
Marietta 0
0.62
Total Ohio A Little Kana. RR.
Total Mileage Affiliated Lines. .
74.28
10.51
84.77
1,106.04
90.89
433.76
1.630.00
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
ToUl B. & 0. Line* . .
SUMMARY or TRACK MILEAGE.
Flint Second Third Fourth si,- Total Steel
Track. Track. Track. Track. bldmw- Track. Rail*.
M. St. M. M. M. M. M.
323350 807.40 81.67 15.42 1,590.92 5,728.91 5,608.49
ToUl Afiliateii Linei.
1 106 04 90.89 433.76 1,030.09 1.528.88
ToUl Mileage B. A 0. Ryitein 4.339.54 898.29 81.07 15.42 2,024.68 7.359.60 7. 137.36
Gauge, 4 ft. 8% in., except on Pittsburgh and Northern RR. (3 ft.) and on the narrow
gauge (3 ft.) sections of the Pittsburgh and Western RR. and Trumbull and Mahoning
RR. Rail— iron, CO to 80 Ibs. ; steel, 67 to 100 Ibs.
4. Rolling Stock, B. & 0. RR. and Affiliated Lines, June 30, 1902.— Loco-
motives— B. & 0. RR., 1,209; B. & 0. S. W. RR., 199; affiliated lines (standard, 273;
narrow, 9). 282— total (standard, 1,681; narrow, 9), 1,690. Cars as follows:
Passenger Train Can.
B.AO.
RR.
B.&O.
S.W.
RR.
Affili-
ated
Lines
Total
All
Lines
Freight. Train Cars.
B.&O.
RR.
B.*0.
S.W.
RR.
Affili-
ated
Lines
Total
All
Lines
Annex
1
1
Box
23,063
8,265
1,916
33,244
Coaches
355
106
104
565
Gondola
14,419
2,357
8,647
25423
Emigrant
34
10
44
Hopper Gondola
18,018
577
18,595
Dining
21
3
24
Iron Coal
4
4
Parlor
4
4
Side Dump
665
242
204
1,111
Parlor and Dining
2
2
Barrel.
1
1
Combination. . .
87
25
27
139
Caboose
659
102
ioe
867
Baggage .
79
23
13
115
Garbage
2
2
Baggage and Mail. .
33
g
22
63
Eastman Heater
8
g
Express.
83
14
97
Flat
1,145
621
917
2,683
Postal
20
14
34
Refrigerator
467
95
13
575
Officer. . .
14
3
4
21
Stock
188
85
96
369
Pay
3
3
Tank . .
43
43
Well
2
2
Totals
727
198
187
1,112
Totals
58,680
11,767
12,480
82.927
Also 1,624 service cars, 1,302 of them on B. & O. lines, 190 on B. & O. S. W. RR. and 132 on
affiliated roads. Total (B. & O. RR., 60,709; B. & 0. S. W. RR., 12,155; affiliated lines, 12,799),
85,663.
The B. & O. equipment includes 108 engines, 29 coaches, 3 cafe and parlor cars, 2 combina-
tion baggage and mail cars and 9,353 freight and service cars leased from the Southwestern
Equipment Co. All the capital stock of the Southwestern Equipment Co. is owned by the
B. ft O. RR. Co. and represents the actual cost of that equipment.
5. Floating Equipment (B. & 0. RR.), June 30, 1902.— Tug boats, 9; steam
lighters, 2; car floats, 38; pile drivers, 2; canal boats, 45; wharf boat, 1; lighters, 51.
6. Operations of System. — The following statement shows the traffic opera-
tions and earnings of the lines operated by the B. & O. RR. Co., for the years ending
June 30, 1901 and 1902:
B. <fe O. RR. LINES.
AFFILIATED LINES.
TOTAL SYSTEM.
1901
1902
1901
1902
1901
1902
Miles Road Operated . . .
Passengers Carried
3,220.76
11,660,900
458,294,750
33,528,513
7,140,897,000
S
9,054,601.53
35 553 871 87
3,233.50
12,050,275
492.320,279
38,710,216
7,495,527,780
$
9,923,867.27
38,575,630.82
2,278,745.99
399,816.71
1,048.04
3,044,659
83,267,414
14,157,416
1,163,364,202
$
1,818,979.01
7,275,653.23
207,256.62
242,500.39
1,106.04
3,201,956
95,439,213
15,789,322
1,308,843,343
S
1,963,995.34
8,724,211.01
220,566.92
128,319.15
4,268.80
14,705,559
541,562,164
47,685,929
8,304,261,202
$
10,873,580.54
42;829,525.10
2,340,348.08
615,366.10
4.339.54
15,252,231
587,733,963
54,499,538
8,804,371,123
$
11,887.862.61
47,299,841.83
2,499,312.91
528,135.86
Freight (tons') Moved.. . .
Freight (ton) Miles
Earning*:
Passenger
Mail A Express . . .
2.133,091.46
372,865.71
Miscellaneous
Totals
Expenses:
Maint. Way, etc
47,114,430.57
5,721,695.37
6,104,309.50
16,609,910.98
2,610,314.68
51,178,060.79
6,270,986.84
6,717,865.77
17,299,680.81
2,600,030.32
9,544,389.25
1,496,411.31
1,051,439.25
3,173,685.51
357,405.33
11,037,092.42
1,525,059.33
1,068,629.57
3,758,777.04
330,059.17
56,658,819.82
7,218.106.68
7,155,748.75
19,783,596.49
2,967,720.01
62,215,153.21
7,796,046.17
7,786,495.34
21,058,457.85
2,930,089.49
Transportation
General
Totals
Net Karnings
31,046,230.53
16,068,200.04
14,648.82
9,652.89
4,995.93
65.89 p. c.
32,888,563.74
18,289,497.05
15,827.45
10,171.20
5,656.25
64.26 p. c.
6,078,941.40
3,465,447.85
9,106.89
5,800.29
3,306.60
63.69 p. c.
6,682,525.11
4,354,567.31
9,978.92
6,041.85
3,937.07
60.55 p. c.
37,125,171.93
19,533,647.84
13,272.77
8.696.86
4,575.91
65.52 p. c.
39,571,088.85
22,644.064.36
14,336.81
9,118.73
5,218.08
63.60 p. o.
Gross Earnings per Mile..
Operating Exp. per Mile.
Net Earnings per Mile. . .
Expenses to Earnings. . .
POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.
53
7. Capitalization of System.— The following statement shows the capitaliza-
tion of the system as of June 30, 1902. The difference between the amounts afloat and
the totals represent the stocks and bonds owned by companies of the system. The roads
named in the group indicated by the letter A are covered by the prior lien and first
mortgages; the Southwestern Division mortgage covers the Baltimore and Ohio South-
western RR. B ; group O is covered by the Pittsburgh, Lake Erie and West Virginia
System mortgage, and partly by the Pittsburgh Junction and Middle Division mortgage ;
the roads named in group D are not covered by any of the B. & O. mortgages. Refer-
ence should be made to the remarks on the mortgages named, in Section 13 of this
statement, for additional particulars:
CAPITAL STOCK.
FUNDED DKBT.
Total
Capitali-
zation.
Total
Afloat.
Total
Afloat.
Total.
Afloat.
Baltimore and Ohio R.R
A. Akron A; Chicago Jnc
" Balto. & Ohio & Chicago. .
" Baltimore & Philadelphia .
" Baltimore Belt
$
135,357,467
2,25 i.OOO
1,503,450
5,000,000
3,500,000
30,000
50,000
300,000
200,000
3,000,000
250,000
200,000
1,200,000
150,300
290,000
6,031,580
- 1,956,091
117,950
1,000,000
130,700
1,650,000
982,680
5,500,000
4,000,000
2,860,628
13,000,000
6,676,050
0,000,000
300,000
1,300,000
2,085,500
300,000
5,915,430
71,000
237,525
95,990
13,500,000
300,000
3,000,000
150,000
1,050,000
500.000
1,940,000
1,000,000
1,094,287
3,397,663
3,000,000
350,000
200,000
50,000
107,400
5,550
4,500,000
350,000
110,000
1,050.000
500,000
2,712,200
180,000
600,000
$
134,887,274
23,356
30,666
$
221,851,530
1,500,000
7,744,000
5,000,000
6,000,000
$
210,603,100
$
357,208,997
3.750,000
9,247,450
10,000,000
9,500,000
30,000
50,000
500,000
320,000
6,000,000
1,000,000
400,000
2,400,000
150,300
790,000
9,631,580
14,537,091
267,950
1,651,000
330,700
1,650,000
982,680
10,500,000
47,000,000
8
345.490,374
23,350
" Berkeley Spgs. & Potom'c
30,000
" Clev.Woos.&Musk'm Val .
" Confluence and Oakland...
" Fairm't.Morg'nt'n&Pitts .
200,000
120,000
3,000,000
750,000
200,000
1,200,000
" Lancaster, Cecil & Sthern..
" Metropolitan Southern. . ..
" Mt. Pleas. & Broad Ford. .
" Ohio & Bait. Short Line. . .
" Parkersburg Branch
" Pittsburg & Connellsville .
500,000
900,900
142,351
3,000,000
12,581,000
150,000
651,000
200,000
900,900
211,351
69,000
" Somerset & Cambria
" South Branch
30,766
622,000
213.400
22',666
52,766
622,000
213,400
" Wheeling, Pitts. & Balto. .
B. Bait. & Ohio Southwestn. .
O. Central Ohio
5,000,000
43,000,000
16,628
3,440,900
1,128,000
2,500,000
6,843,000
5,515,000
2,000,000
1,009,000
6,843,000
5,491,000
2,000
5,360,628
19,843,000
12,191,050
5,000,000
300,000
2,000,000
2,313,500
600,000
10,856,430
471,000
613,525
145,990
27.000,000
600,000
7,000,000
150,000
2.300,000
1,000,000
3,680,000
1,500,000
3,394,287
7,397,663
f.,000,000
700,000
200,000
100,000
107,400
5,550
9,000,000
350,000
110,000
1.561,000
4,000,000
3,462,200
412.150
600,000
1.025,628
10,283,900
6,619,000
2,000
" Cleve., Lorain & Wheeling
" Cleve. Terminal & Valley .
" Columbus & Cin. Midland.
700,000
228,000
300,000
4,941,000
400,000
376,000
50,000
13,500,000
300,000
4,000,000
700,000
228,000
700,000
904,500
' Ohio & Little Kanawha. . .
' Ohio Midland
676,500
' Oh'o River
31,030
4,941,000
303,000
376,000
50,000
1,634,000
300,000
2,393,000
4,972.030
303,000
483,375
80.575
1,634,000
300,000
2,393,000
' Huntington & Big Sandy
' Rvnswd., Spen. & Glenvle
' Ripley & Mill Creek Val. .
' Pittsburg & Western
1 Ellwood Short Line
107,375
30,575
' Pittsburg, Clev. & Toledo
Pittaburg & Northern. . .
1 Pitts., Painesvle&Fairpt
Trumbull & Mahoning. . .
' Pittsburg Junction
29,100
1,250,000
500,000
1,740,000
500,000
2,300,000
4,000,000
3,000,000
350,000
29,100
49,900
1,529
163
1,229,666
194,000
638,000
4,000,000
1,278,900
194,000
639,529
4,000,163
' Pittsburg Jnc. Terminal. ..
' Sandusky, Mnsfld & New .
' West Va. & Pittsburg
' West Va. Short Line
J>. Baltimore & New York.. . .
" Bait & Ohio Connecting. . .
" Bay Ridge & Annapolis. . .
500
50,000
500
" Pt. Pleas, Ruck.&Tyg. Val..
" Schuylkill River, E. Side. .
'176,256
4,500,000
4,000,000
4,000,000
170,250
" Smithfield & Masontown. .
" Staten Island. . .
480.150
1,800
1,692,200
4,950
74,000
511,000
3,500,000
750,000
232,150
511,000
2,624,000
991,150
2,525,800
1,692,200
4,950
74,600
" Staten Island R. T
" Valley R.R. of Virginia.. . .
" Winchester $ Potomac... .
" Winchester & Strasburg. ..
Totals
250.739,441
57,627
144,786,125
33,276
377,483.680
86,757
248,060,100
57,014
628.223,121
144,384
392,846.225
90.290
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Earai
8. General Income Account,
Passenger ..$9,923,86727 Expe
Freight 38,575,63082
Mail and Express 2,278,74599
Miscellaneous 399,81671
Totals (115.827.45 per mile) 151.178.06079
ending June 30, 1902.
Maint. of Way and Struct. . $6,270,986 84
Maint. of Equipment 6,717,86577
Conduct. Transportation... 17,299,68081
General Expenses 2,600,030 32
Net Earnings (35.74 p. c.)
Dividends and Interest Received
W. U. Telegraph Co. Annuity
House Rents and Mis. Receipts
Net Income from Subsidiary Lines.
.118,289,497 05
937,485 31
60,000 00
. 237.734 70
, 1,054,887 94
Total $20.579,606 00
Totals ($10,1.1.20 per mile) $32,888,563 74
Net Earnings, Washington Branch. . 305.124 04
Interest, Rentals and Taxes (see
Sec. 9a) 9,949,598 25
Miscellaneous Improvements 265,19404
Discount and Commission, Securities
Sold 1,038,74347
Appropriation for Additions and Im-
provements 2,500,000 00
Preferred Dividends (4 p. c.) 2,400,00000
Common Dividends (4 p. c.) 3,039,84800
Total $19,498,507 80
Unappropriated surplus, $1,081,097.20; surplus to June 30, 1901, $1,706,729.07—
total, $2,787,816.27. Deduct for adjustments (net balance), $162,594.59 Surplus June
30, 1902, $2,625,221.68.
9. Dividends. — Dividends Nos. 5 and 6 on preferred stock and Nos. 4 and 5
on common stock were paid, respectively, on March 3 and Sept. 2, 1902, each payment
amounting to 2 p. c. on each class of stock. Dividend No. 4 on common stock ($1,519,924)
was not paid from the earnings of the fiscal year, but from accumulated surplus.
9a. Statement of traffic operations and income of the Baltimore and Ohio lines for
the fiscal years ending June 30, 1901 and 1902.
1901
1902
1901
1902
Miles of Kuud Operated .
3,216.26
11,347,085
18,700.632
3,233.50
11,624,203
18,437,705|
Net Earnings
$
16,068.200
589.168
00.000
207.625
S
18,289.497
937.485
60.000
237.735
1.054.888
Dividends and Interest
Freight Train Mileage
Total Revenue Train Mileage
30,047,717
49,279,212
11,660,900
458.294.750
33.528,513
7,140,,S'J7,000
$
9,054,002
35,553,872
2,133,091
372.866
30,061,908
47.749,765
12,050,275
492,320,279
38.710.216
7.495,527,780
$
9,923,867
38,575,631
2.278,746
399,817
Net Income, Subsid'y Lines
Totals, Net Income.
16,924,993
1G8,3<>4
970.505
8.148,512
240,932
2,400.000
900.000
207.695
2,500,000
20,579,605
305.124
1.047,033
8,902,505
265.194
2,400.000
3.039.MS
1,038.744
2,500.fKKi
Net Earnings, Wash. Br
Passenger MjWge ...........
Taxes
Freight (tons) Moved.
Interest and Rentals
Miscellaneous Improvements
Preferred Dividends . . . .
Freight (ton) Miles.
Faniing" — }'tRTl|p>r , , ,
Common Dividends
Discount find Comifission
Freight
Additions and Improvements
Total Inductions .
Mail and Express.
Miscellaneous.
15,536,008
1,388,985
14,648.82
9.652.89
4,995.93
65.89 p. c.
1.975 c.
0.498 c.
19,498 508
1.081.097
15.849.51
10.185.37
5,664.14
64.26 p. e.
2.016 c.
0.515 :.
Totata
Balance, Surplus
Gross Earnings per Mile
47,114,431
5,721.695
6,104.310
16.fi09.911
2,610.315
51.178,061
6,270,987
6,717.866
17.299,<i81
2,600,030
Expenses — Maint Way, etc
Maint. Equipment
Transportation
Net Earnings per Mile.
General
ToUb
Average Rate per Pass, per .Mile. . . .
Average Rate per Ton per Mile
31.046.231
16,068.200
32,888,564
18,289,497
Net Earnings
ttb. Earnings and expenses, years ending June 30, 1903 and 1902.
BAX.T. AND OHIO LINES.
B.& O. AND AFFILIATED LINES.
1903
1902
Increase.
1903
1902
Increase.
GTOH Earnings
$
63,449,633
39,570,959
$
57,889,611
37.006,984
$
5..r,(i0.02J
2,563,975
$
ns.l7s,r,7»;
42,736,627
$
62.214,312
33,571,084
$
5,963,864
H,l<i5,54:j
Working Expense*
Net Earnings
23,878,674
20.882,627
2,996,047
25,442,049
22,643,728
2,798,321
POOR'S MANUAL BALTIMORE AND OHIO RR. CO.
55
9b. Details of interest charges, rentals, taxes, etc., for the year ending June 30, 1902:
Interest on Bonds ($8,291,351.31) :
Prior Lien Bonds — 31 p. c. on $70,000,000 for 1 year, and on $1,000,000 for 6
months $2,467,500 00
First Mortgage Bonds — 4 p. c. on $66,000,000 for 1 year, and on $1,500,000 for 9
months 2,685,000 00
Pittsburgh Junction and Middle Division Bonds — 3J p. c. on $13,810,530 for 1
year 483,368 52
Southwestern Division Bonds — 3i p. c. on $43,000,000 for 1 year 1,505,000 00
Pittsburgh, Lake Erie and West Virginia Refunding Bonds — 4 p. c. on $3,000,000
for 8 months, on $10,000,000 for 4 months and 28 days, on $6,000,000 for 4
months and 21 days, and on $1,000,000 for 4 months and 18 days 353,777 7ft
Convertible Debentures — 4 p. c. on $6,541,000 for 1 year 261,640 00
Loan of 1853, Extended — 4 p. c. on $120,000 for 3 months, and on $118,000 for
9 months 4,740 00
Baltimore and New York Ry. Co. Bonds — 5 p. c. on $350,000 tor 1 year 17,500 00
Schuylkill River East Side RR. Co. Bonds — 5 p. c. on $4,500,000 for 1 year 225,000 00
Pittsburgh and Connellsville RR. Co. Bonds — 4 p. c. on $69,000 for 1 year 2,760 00
Central Ohio RR. Co. Bonds — 4J p. c. on $1,009,000 for 1 year 45,405 00
Sandusky, Mansfield and Newark RR. Co. Bonds — 7 p. c. on $638,000 for 1 year. 44 660 00
West Virginia and Pittsburgh RR. Co. Bonds — 4 p. c. on $4,000,000 for 1 year. . 160*000 00
Monongahela River RR. Co. Bonds — 5 p. c. on $700,000 for 1 year 35,000 00
Car Trust Interest: Miscellaneous Car Trusts — 5 and 6 p. c. for 1 year 32*974 07
General Interest and Discount \\ 304*307 02
Winchester and Strasburg RR. Rental .' ] 2*984 00
Chicago Terminals 210*157 68
Ground Rents 60*790 80
Taxes 1,047,033 3f7
Total $9,949,598 25
1O. General Balance Sheet, B. & 0. KR. Co., June 30, 1902.
Cost of Road, including Bonds and Capital Stock — Preferred $59,361,26731
Stocks Pledged with Trustees as Common 75,99620000
Security for Funded Debt Issued. $278,295,030 29 Funded Debt Issued 221,85153000
Rolling Stock 30,101,09980 Old Securities not Deposited under
Marine Equipment 781,47054 Plan (see Sec. 15) 161,93900
Gas and Electric Plants 665,022 45 Bonds of Other Companies Assumed 9,200,000 00
Real Estate 13,688,84521 Ground Rent Liens, Capitalized at
Cost of Other Roads Owned by G p. c 881,18101
B. & O. (see Sec. 14) : 11,659,85476 Real Estate Mortgages 613,47529
New Securities to Retire Old Ones.. 288,41240 Car Trust Obligations 47,43942
Monon. River Car Trusts Assumed.. 377,000 00
Total Capital Assets $335,479,73545
Total Capital Liabilities $368,490,032 03
Bonds of Sundry Companies 8,590,380 97
Stocks of Sundry Companies 16,543,87700 Due to Railroads in General Account 438,22319
Materials on Hand 3,605,69677 Due to Wash. Br. includ. Annuities 1,503,07959
Miscellaneous Assets 2,645,02830 Div. and Int. Prior to July 1, 1898. . 24,91798
Cash on Hand and in Banks 15,190,65071 Pitts. & West. Settlement Acct 1,496,71937
Current Accounts and Balances 10,692,574 00 Current Liabilities 10,455,931 13
Accrued Interest 3,218,38147
Accrued Taxes and Ground Rents 393,480 06
Dividends Declared, not yet paid 2,822,641 93
Relief Departments 1,279,314 77
Profit and Loss 2,625,221 68
Total Assets $392,747,943 20 Total Liabilities $392.747,943 20
. 11. Financial Changes, year ending June 30, 1902. — The general balance sheet shows an
increase of $52,733,280 in capital liabilities issued, and an increase of $42,015,474.59 in cost of
road. The increase in capital liabilities is made up as follows : Common stock allotted to the
stockholders of the company as authorized by the directors on Nov. 14, 1901, $22,537,200 ; common
stock issued for conversion of convertible debentures, at par, $8,459,000 ; Pittsburgh, Lake Erie
and West Virginia System refunding bonds issued, $20,000,000 ; issued for improvements, better-
ments and extensions as provided in the respective mortgages (prior Hen bonds, $1,000,000; 1st
mtge. bonds, $1,500,000; Southwestern Division bonds, $1,000,000), $3,500,000 — total, $54,496,-
200 ; less decrease in convertible debentures, $1,762,920 ; net increase in capital liabilities, $52,-
733,280. Of the $42,015,474.59 increase in cost of road, $39,385,186.98 is covered by stocks and
bonds of sundry companies included under the provisions of the Pittsburgh, Lake Erie and West
Virginia System refunding mortgage, which have been acquired or retired and placed with the
trustee through the issue of bonds secured by that mortgage or of the additional common stock as
before stated, and $2,630,287.61 represents construction expenditures for the year charged to cost
of road, less some other adjustments. The total amount expended for construction work of the
system during the year was $5,834,329.09, of which $3,334,329.09 was charged to capital account,
the remaining $2,500,000 being appropriated from surplus income.
12. Capital Stock. — The amount of capital stock authorized as of June 30, 1902, was $100,-
000,000, consisting of $60,000,000 of preferred stock and $100,000,000 of common stock, in shares
of $100 each. There had been issued, exclusive of fractional scrip, $59,227,000 of fully paid pre-
ferred stock and $75,996,200 of fully paid common stock, the common stock Including about
$101,300 held to redeem old securities not deposited under the B. & O. and the B. & O. Southwestern
plans of reorganization. The remaining $773,000 of preferred stock was also reserved to redeem old
securities or to take up the fractional scrip, and $136,300 of it has been Issued since June 30, 1902.
Of the $24,003,800 unissued common stock, $6,541,000 was reserved for the conversion of out-
standing convertible debentures and $17,462,800 to acquire the outstanding stocks of roads covered
by the Pittsburgh, Lake Erie and West Virginia System refunding mortgage, to discharge the bal-
56
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
ance of floating debts against those roads and to provide for necessary Improvements. Since June
30. 1902, $5,949,000 common stock bas been issued for the conversion of an equal amount of
convertible debentures, and $42,316,900 (this amount Including a new issue of $25,000,000 author-
ized in Sept., 1902) has been issued for the purposes regarding the Pittsburgh, Lake Erie and West
Virginia System roads outlined above, and for equipment, betterments and additional property.
On March 1, 1903, the amount of paid up capital stock was as follows :
Preferred stock $60,000,000
Less amount reserved to retire unpreseuted prior Hens 637,700 — $59,362,300
Common stock 125,000,000
Less reserved for retirement of outstanding convertible
debentures $592,000
Held for future use 145,900 — 737.900 — 124,262,100
Total capital stock issued as fully paid $183,624,400
The preferred stock has priority over the common stock for non-cumulative dividends at the
rate of 4 p. c. per annum, but is not entitled to any further share of the yearly net profits.
i:t. FumltMl Debt. — The following statement shows as of June 30, 1902, the details of
funded debt issued or assumed by the company. Additional particulars respecting any of the bonds
will be found in the paragraph relating thereto appended to the statement.
Bonds Assumed ($9,387,000).
$120,000 B. & O. ext'd gold 4s of Oct. 1, 1935.
69,000 P. & C. ext'd 4s of July 1, 1946.
700,000 M. R. RR. 1st gold 5s of Feb. 1, 1919.
4,000,000 W. V. & P. RR. 1st 4s of April 1, 1990.
4,5W),000 S. R. E. S. RR. 1st gold 5s of Dec. 1, 1935.
Bonds Issued ($221,851,530).
$71,000,000 prior Hen gold 3Js of July 1, 1925.
67,500,000 1st mtge. gold 4s of July 1, 1948.
13,810.530 Middle Div. gold 3is of Nov. 1, 1925.
43.000,000 Southwest. Div. gold 3is of July 1, 1925.
20,000,000 P.. L. K. & W. V. 4s of Nov. 1, 1941.
6,541,000 conv. deb. gold 4s of March 1, 1910.
Pn'or Lien Gold Bonds. — Amount authorized, $75,000,000 ; amount issued to June 30, 1902,
$71,000,000 ; issuable at the rate of $1,000,000 a year for the enlargement, betterment or extension
of the property covered by the mortgage, $4,000,000. Amount outstanding on June 30, 1902, $69,-
953,397.50 ; in treasury, $1,046,602.50. Of the amount in the treasury, $907.50 represented an
unsold fraction of surplus bonds, $229,397.50 was held to redeem old bonds not deposited under the
plan of reorganization, and the balance was part of $1,000,000 issued Jan. 1, 1902, under plan for
improvements. The bonds are secured on the lines owned absolutely by the B. & O. RR. Co., except
the Philadelphia, Sparrows Point and Highlandtown Branches, but subject to the lien of the ex-
tended 4 p. c. bonds of Oct. 1, 1935, as to the property covered by those bonds. By deposit of
underlying securities, as well as by actual mortgage, they are also secured on the railroads named
in the following statement :
Miles
Road
CAPITAL STOCK
FUNDED DEBT
Total
Capitali-
zation
Total
Deposited
Total
Deposited
Total
Deposited
8.00
19.70
46.73
9.70
9.30
103.30
148.80
16.17
45.10
16.00
24.20
63.93
S
50,000
200,000
250,000
150,300
t290,000
6,631,580
1,956,091
117,950
1,000,000
130,700
882,680
5,500,000
S
50,000
*101,000
250,000
150,300
S
$
$
50,000
320,000
1,000,000
150,300
790,000
9,631,580
14,537,091
267,950
1,651,000
330,700
982,680
10,500.000
S
50,000
221,000
1.000,000
150,300
500,000
8,730,680
14,325,740
267,950
1,651,000
278,000
769,280
10,500,000
Confluence & Oakland
Graf ton & Belington
Mt. Pleasant & Broad Ford
Ohio & Bait. Short Line. . . .
Parkersburg Branch. .....
l'itt^burg& Connellsville. ..
Salisbury
120,000
750,000
120,000
750,000
500,000
3,000,000
12,581,000
150,000
651,000
200,000
500,000
3,000,000
tl2,512,000
150,000
651,000
178,000
15,730,680
Jl.813,740
117,950
1,000,000
100,000
J769.280
5,500,000
South Branch
Washington County
Wheeling, Pitts. & Bait. . . .
Totals.
5,000,000
5,000,000
510.93
17,259,301
15,582,950
22,952,000
22,861,000
40,211,301
38,443,950
•Balance not deposited but held in B. & O. treasury,
in cost of road. {Balance outstanding.
tHeld in B. & O. treasury and included
The prior lien mortgage also covers the lease of the Pittsburgh and Connellsville RR. and of the
Fayette County RR. Claims against the Pittsburgh and Connellsville RR. Co. for about $10,500,000,
against the Washington County RR. Co. for about $85,000 and against the Berkeley Springs and
Potomac RR. Co. for about $125,000, together with two-thirds of the capital stock of the Washing-
ton Branch RR. Co., are deposited as further security for the mortgage. In the adjustment of the
claim against the Berkeley Springs and Potomac RR. Co. the title to its property will probably be
acquired by the B. & O. RR. Co. and subjected to the direct lien of the mortgage. The constructed
section (2.25 miles) of the Metropolitan Southern RR., when the title to it is acquired by the B. &
O. RR. Co., will also be subjected to the lien of this mortgage, although the securities of the Metro-
politan Southern RR. Co. are deposited under the first mortgage (see next paragraph). The prior
lien mortgage is also secured on all the equipment now owned or hereafter acquired by the com-
pany, except such as was or may be acquired with the proceeds of 1st mtge. bonds, Southwestern
Division bonds, Middle Division bonds and Pittsburgh, Lake Erie and West Virginia System bonds.
First Mortgage Gold Bonds. — Authorized issue, $165,000,000 ; issued to June 30, 1902, $67,-
500,000; reserved for additions and betterments, $22,500,000; set apart to be used only for the
retirement of the prior lien bonds, $75,000,000. Of the bonds reserved for additions and better-
ments, $1,500,000 are issuable during the year ending June 30, 1903, and the rest of them at not
exceeding the rate of $1,000.000 a year thereafter. Included in the $67,500,000 issued to June 30,
1902, were unsold fractions amounting to $462.50 and $29,397.50 held to redeem old bonds not
deposited under the plan of reorganization, the amount actually outstanding being $67,470,140. The
POOR'S MANUAL BALTIMORE AND OHIO RR. CO.
57
bonds are secured by first mortgage on all equipment acquired or that may be acquired with the
proceeds from the sale of any of them, and they may be said to be secured by first mortgage on the
Philadelphia, Sparrows Point and Highlandtown Branches, 55.1 miles, and on the property
formerly covered by the B. & O. terminal mortgage (see MANUAL for 1899, page 60), the Philadel-
phia Division bonds and the terminal mortgage bonds having been declared due and payable, and
there being only $1,000 of the former and $500 of the latter outstanding. By deposit of underlying
securities as well as by direct mortgage lien they are also practically a first mortgage on the pro-
prietary and leased lines named in the following statement :
Miles
Road
CAPITAL STOCK
FUNDED DEBT
Total
Capitali-
sation
Total
Deposited
Total
Deposited
Total
Deposited
Akron & Chicago Junction. .
Baltimore & Ohio A Chic. . .
Baltimore & Philadelphia. ..
Baltimore Belt
Clev., Wooster & Mus.Val.. .
Fairm't, Morgant'n&Pitts. .
Lancaster, Cecil & South'n.
Totals. .
76.66
262.78
59.32
7.16
36.26
57.60
4.00
$
2,250,000
1,503,450
5,000,000
13,500,000
300,000
3,000,000
200,000
$
2,250,000
1,503,450
*4,976,650
300,666
3,000,000
J197.000
I
1,500,000
8,000,000
5,000,000
6,000,000
200,000
3,000,000
200,000
*
1,500,000
8,000,000
5,000,000
6,000,000
200,000
3,000,000
200,000
$
3,750,000
9,503,450
10,000,000
9,500,000
500,000
6,000,000
400,000
t
3,750,000
9.503,450
*9,976,650
6,000,000
500,000
6,000,000
1397,000
503.78
15,753,450
12,227,100
23,900,000
23,900,000
39,653,450
36,127,100
* Balance outstanding, t Not deposited, but held in B. & O. treasury and included in Cost of
Road, t Balance not deposited but held in B. & O. treasury.
They also cover the following stocks and bonds deposited as security for the B. & O. terminal
mortgage bonds : $1,199,500 of the capital stock and $1,200,000 1st mtge. bonds of the Metropolitan
Southern RR. Co., $2,250,000 of the capital stock of the Schuylkill River East Side RR. Co., $99,500
capital stock of the Washington and Western Maryland RR. Co., and $24,250 capital stock of the
Georgetown Barge, Dock, Elevator and Railway Co. Finally, they rank next to the prior lien bonds
on the properties, securities and claims covered by the prior lien mortgage.
Pittsburgh Junction and Middle Division Gold Bonds. — Secured by a mortgage, dated Nov. 1,
1898, which it was contemplated should be ultimately a first lien on the properties of the Central
Ohio RR. Co., Columbus and Cincinnati Midland RR. Co., Newark, Somerset and Straitsville RR.
Co. (now Ohio Midland RR. Co.), Sandusky, Mansfield and Newark RR. Co., Pittsburgh Junction
RR. Co. and Pittsburgh Junction Terminal Co., or upon the securities representing the ownership of
such properties. Most of those securities have been deposited under the mortgage, as shown by the
following statement :
•'
Miles
Road
CAPITAL STOCK
FUNDED DEBT
Total
Capitali-
zation
Total
Deposited
Total
Deposited
Total
Deposited
Central Ohio.
143.80
69.80
46.70
116.25
6.92
1
2,860,628
3,000,000
300.000
1,094,287
1,940,000
11,000,000
9
*2,844,000
3,000,000
300,000
*1, 092,758
tl,094,850
$
2,500,000
2,000,000
300,000
2,300,000
1,740,000
500,000
$
*1, 491 ,000
*1, 998,000
300,000
1,662,000
t51 1,000
t281,000
S
5,360,628
5,000,000
600,000
3,394,287
3,680,000
1,500,000
*
4,335,000
4,998,000
600,000
2,754,758
1,605,850
281,000
Columbus & Cin. Midland. .
Ohio Midland
Sandusky, Mans. & Newark
Pittsburj? Junction. . . .
Pittsburg Junction Term. . .
Totals. .
383.47
10,194,915
8,331,608
9,340,000
6,243,000
19,534,915
14,574,608
•Balance outstanding. tBalance outstanding or held in B. & O. treasury. JHeld In treasury
of Pittsburgh Junction RR. Co.
The amount of bonds authorized by the mortgage is $20,000,000, of which $17,500,000 had been
Issued June 30, 1902, $3,689,470 of that amount being held for the redemption of undeposlted
underlying securities (see Sec. 15) and $13,810,530 being outstanding. Of the outstanding bonds
$7,635,050 were held by the trustee of the Pittsburgh, Lake Erie and West Virginia System refund-
ing mortgage, leaving only $6,175,480 in the hands of the public. In the mortgage securing the
Pittsburgh, Lake Erie and West Virginia System refunding bonds (see remarks thereon below)
provision is made for the retirement of the Pittsburgh Junction and Middle Division bonds and for
Including the properties and securities covered by those bonds in the security for the Pittsburgh,
Lake Erie and West Virginia System refunding mortgage.
Southivestcrn Division Gold Bonds. — Secured by a mortgage which it is contemplated will be
ultimately a first lien on the properties embraced in the Southwestern Division of the Baltimore and
Ohio RR. The $4,000,000 capital stock and the $43,000,000 1st mtge. 3J p. c. bonds of the Balti-
more & Ohio Southwestern RR. Co. are deposited with the trustee under the mortgage pending tho
acquisition of full title to the properties. The amount of bonds authorized by the mortgage is $45,-
000,000, of which $43,000,000 had been issued June 30, 1902, that amount including $1.045.175 of
bonds and scrip held in the treasury and $7,960 held to redeem undeposited old securities (see Se«.
15). The unissued bonds, $2,000,000, are available for betterments and additions to the property
covered by the mortgage.
Pittsburgh, Lake Erie and West Virginia System Refunding Mortgage Gold Bonds. — Secured by
a mortgage, dated Nov. 1, 1901, which it is contemplated will be ultimately the first lien on 1,639
miles of railroad. The following statement shows what railroads are covered by the mortgage, the
58
POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
total amount of their stocks and bonds, and the amount of such stocks and bonds deposited ( as of
June 30, 1902) with the trustees of the mortgage or of mortgages which it is to replace:
•
Milea
CAPITAL
STOCK
1 i SUM
• DFBT
Total
Total
Road
Total
I k*i><>*it e<i
Total
Deposited
zation
Deposited
Pitt*. A Western RR. . .
Ellwood Short Line RR
217.48
3.10
1
13,500,000
300,000
$
13,500,000
SlHI.IMM!
|
13,500,000
300,000
f
11,773,100
$
27,000,000
600.000
s
25,273,100
3(X),000
Pitts Clev.&Tol. RR. .
77.10
3,000,000
1,505,000
4,000,000
7,000,000
1,505,000
Trumbull & Mahon. RR.
Pitts. Paines-AF'r'ptRy
Clev. Term. & Vail. RR..
Clev. Lor. & Wheel. Ry.
11.38
• 53.00
81.42
192.30
500,000
1.050,000
6,676,050
13,000,000
500,000
1,020,100
5,548,050
9,370,400
350.000
1.250,000
5,515,000
6,843,000
•350,000
1,190,000
24.000
850,000
2,300,000
12,191,050
19,843,000
850,000
2,210,100
5,572,050
9,370,400
Ohio & Little Kan. RR
72.04
2,085,500
1,393,500
228,000
2,313,500
1,393,500
Eastern Ohio RR. . .
16.92
300,000
300,000
300,000
300.000
Ohio River RR..
208.66
5,915,430
5,880,800
4,941,000
10,856,430
5,880,800
Hunt. & Big Sandy RR..
Ravens. S|>en.A<jlen.Ry
10.92
32.50
71,000
237,525
71,000
130,150
400,000
376,000
97,000
471,000
613,525
168,000
130,150
RipleyitMillCk.Val.RR
13.00
95,990
58,000
50,000
145,990
58,000
W. Va. Short Line RR. .
Monongahela River RR.
58.00
31.20
3,000,000
1,300,000
3,000,000
1,300,000
3,000,000
700,000
3,000,006
6,000,000
2,000,000
6,000,000
1,300,000
W. Va. & Pittsburg RR.
176.48
3,397,663
3,397,500
4,000,000
7,397,663
3,397,500
B. & O., Pitts. June. &
Mid. Div. Bonds..
13,810,530
7,635,050
13,810,530
7,635,050
tCentral Ohio RR. .
143.83
2,860.629
2,843,282
2,500,000
t 1,491, 000
5,360,629
4,334,282
tSand.,Mans.& New.RR
tCol. & Cin. Mid. RR.. . .
tOhio Midland RR
t Pittsburgh June. RR.. .
t Pitts. JUHC. Term. Co. .
116.25
69.80
46.70
6.92
1,094,287
3,000,000
300,000
1,940,000
1,092,758
3,000,000
300,000
1,094,850
2,300,000
2,000,000
300,000
1,740,000
500,000
tl,662,000
1 1,998,000
tsoo.ooo
tsn.ooo
t281,000
3,394,287
5,000,000
600,000
3,680,000
500,000
2.754,758
4,998,000
600,000
1,605,850
281,000
Totals. .
1 639 00
63 624 074
55 605,390
68,603,530
30,312,150
132,227,604
85,917,540
•$150,000 deposited under the P. & W. RR. first mortgage, and $200,000 under this mortgage.
tThese are deposited under the Pittsburgh Junction and Middle Division mortgage, and when that
Is retired they will be deposited under this mortgage.
Common stock of the Baltimore and Ohio RR. Co. to the amount of $17,462,800, which was held
In the treasury of the company to be used only to acquire the outstanding stocks of roads covered
by this mortgage, discharge floating debts against those roads and provide for necessary improve-
ments, has been issued since June 30, 1902, and the stocks, debts and properties against which It
was issued have been or will be subjected to the lien of this mortgage. The mortgage will also cover
all equipment, extensions and improvements acquired with the proceeds of bonds secured by it and
all equipment acquired with the proceeds of Pittsburgh Junction and Middle Division bonds. It is
now practically the first lien on the Pittsburgh and Northern RR., Trumbull and Mahoning RR.,
West Virginia Short Line RR. and Eastern Ohio RR. and may be said to be subject only to the
following outstanding underlying bonds on the properties they cover:
90.175,480 Pittsburgh Junction and Middle
Division bonds of the B. & O. RR. Co., due Nov.
1, 1925, and secured as shown in the paragraphs
relating thereto on page 57.
91,OOO,OOO Central Ohio RR. 1st 4Js of Sept. 1,
1930, secured on 143.83 miles of road, from Bellahe
to Columbus, O.
f2,OOO Columbu* and Cincinnati Midland RR.
1st Us of Jan. 1, 1914, secured on 69.8 miles of
road from Columbus to Midland City, O.
96.'IH,OOO Sandusky, Mansfield and Newark
RR. 1st Is of July 1, 1909, secured on 116.25 miles
of road, from Newark to Sandusky, O.
995O.OOO Pittsburgh Junction RR. 1st 6s of
July 1, 1922, secured on 6.92 miles of road in
Pittsburgh, Pa.
927O.OOO Pittsburgh Junction RR. 2d 5s of
July 1, 1922 ($20,000 of which are in B. & O. treas-
ury), secured on the same property as the 1st
mtge bonds.
921»,OOO Pittsburgh Junction Terminal Co.
1st 5s of Oct. 1, 1907 ("$25,000 of which are In B. &
O. treasury), tecured on terminal property in
Pittsburgh, Pa.
91.72ff.OOO Pittsburgh and Western Ry. 1st 4s
of July 1, 1917 ($92,000 of which are In B. & O.
treasury), secured on 214 miles of road owned by
the P. & W. Ry. Co.. as shown on page 58.
Manual for 1901. and by deposit of $150.000 1st
mtge. bonds of the Trumbull and Mahoning RR.
Co.
983.000 Pittsburgh, New Castle and Lake Erie
RR. l»t 4s of June I. 1918, secured on 30 miles
of road from Etna to Zelienople, Pa.
93OO,OOO Ellwood Short Line RR. 1st 5s of
Jan. 1, 1922, secured on 3.1 miles of road, from
North Sewickley to Rock Point, Pa.
92.4OO,OOO Pittsburgh, Cleveland and Toledo
RR. 1st 6s of Oct. 1, 1922 ($7,000 of which are in
B. & O. treasury), secured on 77.10 miles of road,
from New Castle Junction, Pa., to Akron Junc-
tion, O. The B. & O. RR. Co. has the privilege
of purchasing these bonds at 125 p. c. and accrued
interest on or before Feb. 1, 1903.
9OO,OOO Pittsburgh, Painesville and Fairport
RR. 1st 5s of July 1, 1916 (held in B. & O. treas-
ury), secured on 53 miles of road, from Fairport
to Niles, O.
95,491,OOO Cleveland Terminal and Valley
RR. 1st 4s of Nov. 1, 1995, secured on 81.42 miles
of road from Cleveland to Valley Junction, O.,
and branch.
95.000.OOO Cleveland, Lorain and Wheeling
RR. consol. 1st 5s of Oct. 1, 1933, secured by 1st
mortgage on entire property of the C. L. & W.
RR. Co.
9893.0OO Cleveland, Lorain and Wheeling RR.
gen. 5s of June 1, 1936, secured by 2d mtge. on the
entire property of the C., L. ft W. RR. Co. These
bonds are redeemable at 105 p. c. on 30 days'
notice.
99RO,OOO Cleveland, Lorain and Wheeling RR.
consol. refunding 41 s of Jan. 1, 1930, secured on
the entire property of the C., L. & W. RR Co.,
but subject to the two prior mortgages. These
bonds are redeemable at 102J p. c. on 30 days'
notice.
POOR'S MANUAL BALTIMORE AND OHIO RR. CO.
59
$22S,OOO Ohio and Little Kanawha RR. 1st 5s
of March 1, 1930, secured on 75 miles of road, from
Zanesville to Marietta, O.
$3,000,000 Ohio River RR. 1st 5s of June 1,
1936, secured on 169 miles of road, from Benwood
Junction to Point Pleasant, W. Va.
$2,941,000 Ohio River RR. gen. 5s of April
1, 1937, secured on 208.66 miles of road, from Ben-
wood Junction to the west bank of the Guyan-
dotte River, W. Va.
$3O3,OOO Huntington and Big Sandy RR. 1st
Cs of July 1, 1922, secured on 13.92 miles of road,
from Huntington to Kenova, W. Va., including
branches.
$37O,OOO Ravenswood, Spencer and Glenville
RR. 1st 6s of Aug. 1, 1920, secured on 32.5 miles
of road, from Ravenswood to Spencer, W. Va.
$50,000 Ripley and Mill Creek Valley RR. 1st
6s of A.uy. 1, 1908, secured on 13 miles of road,
from Millwood Junction to Ripley Court House,
W. Va.
$7OO,OOO Monongahela River RR. 1st 5s of
Feb. 1, 1919, secured on 31.2 miles of road, from
Fairmont to Clarksburg, W. Va.
$4,OOO,OOO West Virginia and Pittsburgh RR.
1st. 4s of April 1, 1990, secured on 176.48 miles
of road and 134,842 acres of land owned by the
W. V. & P. RR. Co. These bonds are subject to
purchase by the B. & O. RR. Co., on 60 days'
notice.
The Baltimore and Ohio RR. Co. agrees that all the underlying bonds shall be paid off at ma-
turity or that they shall be deposited as security for the refunding bonds, and that as soon as prac-
ticable it will cause the property and franchises of the several companies, a majority of the shares
of stock of which are pledged under the refunding mortgage, to be conveyed to the trustee under thai
mortgage, to the end that the refunding bonds may eventually become the first Hen on all of said
properties. The amount of bonds authorized by the mortgage is $75,000,000, of which $20,000,000
have been issued to pay for $23,919,150 of underlying bonds, which have been deposited under the
mortgage ; $40,000,000 are to be issued from time to time against further deposits of underlying
bonds, and $15,000,000 are reserved for extensions, equipment and betterments. The entire issue
outstanding on Nov. 1, 1925, but not any part of it, may be called for redemption at par and accrued
interest on that day, or on any interest day thereafter, on three months' notice.
Gold Convertible Debentures. — The total issue of these bonds was $15,000,000, but $8,459,006>
of them were converted into common stock prior to June 30, 1902, and $5,949,000 additional be-
tween that date and March 1, 1903, leaving only $592,000 outstanding. The company has the right
to redeem the bonds on any interest day at par and accrued interest. Any debentures, whether
called for redemption or not, may be converted into common stock at par, provided the company
receives at least thirty days' written notice.
B. & O. Gold Extension Loan. — Secured by first mortgage on the main stem of the B. & O. RR
from Baltimore, Md., to Wheeling, W. Va., 379.80 miles. There are reserved for the redemption of
the bonds outstanding, 102J p. c. of their face in prior lien 3J p. c. bonds, 12J p. c. in 1st mtge. 4
p. c. bonds and 14 p. c. in preferred stock.
P. & C. Gold Extended Loan. — Secured by first mortgage on the main line and Hickman Run
Branch of the Pittsburgh and Connellsville RR. There are reserved for the redemption of the
$69,000 bonds outstanding, $70,725 in prior lien 3i p. c. bonds, $8,625 in 1st mtge. 4 p. c. bonds and
$2,760 in preferred stock of the B. & O. RR. Co. The B. & O. RR. Co. owns all except $142,351 of
the capital stock of the P. & C. RR. Co., all of its funded debt except the $69,000 extended bonds, and
holds claims against the company for about $10,500,000. The stock, bonds and claims thus owned
are deposited under the prior lien and first mortgage, and the $69,000 outstanding bonds have been
assumed. The P. & C. RR. is leased to the B. & O. RR. Co. for 50 years from Jan. 1, 1876.
Monongahela River First Mortgage Gold Bonds.— Secured on the line from Fairmont to Clarks-
burg, W. Va., 31.2 miles. Assumed by the B. & O. RR. Co. There are $1,000,000 real estate mort-
gages of the M. R. RR. Co. outstanding, which have not been assumed by the B. & O. RR. Co. The
B. & O. RR. Co. owns the entire capital stock of the M. R. RR. Co. and has deposited it under the
Pittsburgh, Lake Erie and West Virginia System refunding mortgage, and provision is made in that
mortgage for the retirement of the $700,000 1st mtge. bonds.
West Virginia and Pittsburgh First Mortgage Gold Bonds. — Secured on the property of the
W. V. & P. RR. Co., including 176.48 miles of railroad, as per Sec. 3, and 134,842 acres of timber,
coal and mineral lands in West Virginia. The bonds have been assumed, and interest on them at
the rate of 4 p. c. per annum is guaranteed by the B. & O. RR. Co. They are subject to redemption
until April 1, 1904, at par and accrued interest. The B. & O. RR. Co. owns the entire capital stock
of the W. V. & P. RR. Co. and has deposited it under the Pittsburgh, Lake Erie and West Virginia
System refunding mortgage. Provision is made in that mortgage for retiring the bonds. Th« prop-
erty is leased to the B. & O. RR. Co. for 999 years from Jan. 1, 1890.
Schuylkill River East Side First Mortgage Gold Bonds. — Secured on the property of the S. R-
E. S. RR. Co., including 12 miles of road as per Sec. 3. The interest on the bonds at the rate of 5
p. c. per annum is guaranteed by the B. & O. RR. Co. That company has the right until Dec. 1,
1903, to purchase the entire issue of bonds at 110 p. c. and accrued interest, on 30 days' notice, and
agrees to assume the payment of them when due if they are not so purchased. The B. & O. RR. Co.
owns the entire capital stock of the S. R. E. S. RR. Co., one-half of it being held in the treasury
and the other half deposited with the trustee of the prior lien mortgage.
14. Cost of Other Komi* Owned by the B. & O. RR. Co. — Schuylkill River East Side
RR., $5,433,045.19; West Virginia and Pittsburgh RR., $4,364,721.03; Monongahela River RR.,
$488,518.84 ; Baltimore and Ohio Connecting RR., $300,784.17 ; Winchester and Potomac RR.,
$429,794.28; Winchester and Strasburg RR., $106,638.84 ; Eastern Ohio RR., $1,33C. 14 ; Lancas-
ter, Oxford and Southern RR., $64,511.21; Smithfield and Masontown RR., $183,198.45; Point
Pleasant, Buckhannon and Tygarts Valley RR., $204,320.83 ; Fairmont, Shinnstown and Clarksburg
RR., $44,672.35; Tylerdale Connecting RR., $38,313.43 — total, $11,659,854.76. The decrease in
cost of West Virginia and Pittsburgh RR., Monongahela River RR. and Eastern Ohio RR. is due to
the transfer of the stock of those roads to the trustee of the P., L. E. & W. Va. refunding mortgage,
carrying the value of them to " Cost of Road " on the general balance sheet.
15. I'ndepoHlted Old Secnritien. — The following statement shows in detail the old se-
curities not deposited under the plan of reorganization of the Baltimore and Ohio RR. Co. and the
60
POOR'S MANUAL OP RAILROADS — MIDDLE ATLANTIC GROUP.
supplements thereof, on June 30, 1902 :
Baltimore and Ohio Plan.
BONDS (total, $226,000).
A — Alive ; assumed by the B. rf O. RR. Co. $
B. A O. Extended 4s 118,500 00
Pitts. A Conn. Extended 4s 69,00000
B — Declared due and payable but not
presented for redemption.
H. & O. Consolidated 5s 9,00000
B. A O. £ Loan, 1872 7,000 00
B. & O. £ Loan, 1874 1,00000
B. A O. Parkersburg Branch 10,00000
B. ft O. Loan, 1886 9,00000
B. A O. Phila. Division 4|s 1,000 00
B. A O. Terminal 4Js 500 00
Washington City and Point Lookout 1,00000
Pitts. Jane, and Middle Div. Plan.
BONDS (total, $3,097,000).
A — Interest paid by B. d O. RR. Co. $
Central Ohio 4ts 1,009,000 00
Sandusky, Mansfield and Newark 7s 638,000 00
Columbus and Cincinnati Midland 4Js. 2,00000
B — Interest not paid by B. & O. RR. Co.
Pittsburgh Junction 1st 959,00000
Pittsburgh Junction 2d 270,00000
Pittsburgh Junction Terminal 219,00000
STOCKS (total, $682,378).
Central Ohio Common 15,52800
Central Ohio Preferred 1,10000
Pittsburgh Junction Common 665,75000
Total, Middle Div. Plan 3,779,37800
B. & 0. Southwestern Plan.
BONDS (total, $251,364.83).
O. & M. Ry. 2d Consol. 7s 3,000 00
B. & O. S. W. RR. 1st mtge 4,000 00
B. & O. S. W. Uy. Series A Income.... 39,679 80
B. & O. S. W. Ry. Series B. Income 187,685 03
B. & O. S. W. Ry. 1st 4Js 17,000 00
STOCK.
B. & O. S. W. Ry. Preferred 256.144 22
STOCKS (total, $5,227).
B. & O. 2d Preferred 250 00
B. A O. Common 4,977 08
Total, B. & 0. Plan *231,227 00 Total, Southwestern Div. Plan 507,50905
•It will be observed that the total amount not deposited under the B. & O. plan on June 30,
1902, is greater by $69,288 than the amount given in the general balance sheet. This difference Is
due to the fact that the $69,000 Pittsburgh and Connellsville bonds are not included in the balance
sheet item and to the additional fact that £1,800 of sterling bonds valued in the preceding statement
at five dollars to the pound sterling are included In the balance sheet item at their exchange value.
16. STOCKS AND BONDS INCLUDED IN COST OF ROADS TO B. & O. RR. Co.
In addition to the above the B. & O. RR. Co. owns the following securities, the cost
of which is included in the cost of said lines to the B. & O. as shown in Sec. 14.
BONDS.
Winchester & Pt. RR. Co., 1st Mtge. ... $147,200 00
Winchester & Pt. RR. Co., 2d Mtge 85,000 00
STOCKS.
Baltimore & Ohio Connecting RR. Co.. 200,000 00
Falrm., Shlnnst. & Clarksb. RR. Co.. 40,00000
STOCKS.
Pt. PI.; Buck. & Ty. Vy. RR., sub $5,500 00
Smitbfleld & Masontown RR. Co 110,00000
Schuylkil) River East Side RR. Co. ...2,250,000 00
Winchester & Potomac RR. Co 175,050 00
Winchester & Strasburg RR. Co 525,400 00
17. Statement of mileage, rolling stock, and general balances at the close of each
year for seven years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles of Road Owned
Miles of Track Ow'd.
Miles of Road Oper . .
Miles of Track Oper.
513.40
1,196.34
2,095.03
3,541.35
857
513.40
1,236.78
2,046.03
3,582.74
863
4
31,652
*
25,000,000
5,000,000
87,246,500
13,827,098
16,680,975
2,110,277
513.40
1,245.01
2,047.03
3,626.13
900
4
38,676
$
25,000,000
5,000,000
87,947,500
19,553,585
19,772,302
2,020,251
513.40
1,258.55
2,046.73
3,683.41
950
4
45,764
9
35,000.000
39,227,767
134,530,329
1.792,518
14,327,740
924,729
513.40
1,268.18
2,277.97
4,027.43
1,034
4
51,679
S
45,000,000
59,357,167
186.807,830
11,627,700
17,539,427
633,739
520.57
1,329.04
3,220.76
5,521.60
1,120
4
52,264
$
45,000,000
59,361.267
200,114,450
11,559.480
21,111,HS5
1,706,719
524.91
1,384.92
4,339.54
7,359.00
1,195
4
60,709
S
75,996,200
59,361, 2»i7
221,851.530
11,281,035
21,632,689
2.625,222
Electric Motors
Cars
27,124
S
25,000,000
5,000.000
80,797.000
4,687,376
14.040,470
23,737,443
Common Stock
Preferred Stock
Funded Debt . .
Other Cap. Liabil. . .
Floating Debt
Profit and Loss
Total Liabilities . .
Cost Road <fc Equip. .
Securities in Trust, .
Cost o. Roads owned
Real Ks. A o. Prop. .
Treasury Securities. .
Materials A Supplies.
Cash & other Assets.
Total Assets. .
153,262,28!)
56.4O0.829
49,870.551
8,085.895
4,332,853
17.556.230
1.418,840
15,597,091
149.864,sr>0
57,007,386
50,629,550
14.436,007
6,284,711
13,166,164
1,392,917
6,948.115
159,293,638
62.559,160
51,330,550
14,437,847
6,481 .554
12,806,739
1 ,559.946
10,117,842
225,809,083
110,758,774
61,362,675
14,446,181
11,483,859
14,426,027
1,651.056
11,680,511
320,965,863
[ 257,445,785
12,347,233
12.602,413
15,242,765
2,879,152
20,448,515
338.853.301
267,613,773
12,765,473
12,885,245
26,715,219
3,282,163
15,591,428
392.747,943
309,466,013
1 1 ,659,855
14,353,867
25.134,258
3.605.697
28,528,253
163.262,289
149,864,850
159,293,638
225,809,083
320,965,863 338,853,301
392,747,943
POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.
61
18. BONDS AND STOCKS OF SUNDRY COMPANIES OWNED BY THE BALTIMORE & OHIO RR. Co.
BONDS.
Baltimore and New York Ry. Co $350,000 00
B. & O. S. W. Ry. 1st Inc. Ser. " B ".. 2,000 00
B. & O. RR. Co., 1st Mtge. 4s (Treas.). 1,521,602 50
B. & O. S. W. Div. 3Js (Treasury).... 1,045,175 00
Bay Ridge Imp. Co., 1st Lien Cert 4,110 00
Bay Hidge Imp. Co., 1st Mtge. Income 140,000 00
Bay Ridge Imp. Co., Securities 4,20000
Bay Ridge & Annapolis RR., 1st Mtge. 50,000 00
Bait. Shipbuilding & Dry Dock Co.. 8,12500
Bait. Shipbuilding & Dry Dock Co.
Income 10,15625
C. & O. C. Co., Trustees Cert, of Ind. . 29,000 00
Chesapeake and Ohio Canal Co., 1844.. 657,500 00
Chesapeake and Ohio Canal Co., 1878.. 500,000 00
Cairo & Kana. Vy. RR. Co., 1st Mtge. . 6,000 00
Clev. Term. & Valley RR., Lease
Warrants 192,00000
Kentucky and Indiana Bridge Co 323,00000
P., N. C. & L. E. RR., 1st Mtge 900 00
Pittsburgh & West. Ry. Co., 1st Mtge. 92,000 00
B. & W. Ry. Co. Loco. Lease War 45,208 54
Pittsburgh & Baltimore Coal Co 491,00000
Pitts., Pain. & Fair. RR., 1st Mtge 60,000 00
Pittsburgh Junction Term. Co 25,00000
Pittsburgh Junction RR., 2d Mtge. . . . 20,000 00
Pitts., Clev. & Tol. Ry., 1st Mtge 7,000 00
Sch. Riv. East Side RR. Pier 500,000 00
S. I. Rapid Transit RR., 1st Mtge.... 976,00000
Union Stock Yard Co 241,00000
Valley RR. of Virginia 750,00000
Total Bonds $9,097,579 79
Value as per Balance Sheet 8,590,380 97
STOCKS.
Akron Union Passenger Depot $50,00000
Akron and Barb. Belt Line RR. Co . 25,000 00
Bait. Chamber of Com. Cert. Memb.. 7600
B. & O. RR., pref. (Treasury) 451,302 65
B. & O. RR., coin. (Treasury) 18,89055
B. & O. Southwestern RR., preferred. . 7,300 00
Baltimore and New York Ry 350,00000
Bay Ridge Improvement Co 103,40000
Bay Ridge Company 251,000 00
Bay Ridge and Annapolis RR 49,50000
Berlin and Lovettsville Bridge Co 6,00000
Brown Manufacturing Co 50000
Bait. Shipbuilding & Dry Dock Co.... 6,093 75
Camdcn Warehouses 5,00000
Central Ohio RR., pref., old issue 10000
Central Ohio RR., com., old issue 95000
Consolidation Coal Co 5,353,20000
Chi. Union Transfer & Ry. Co., pref. . 40,000 00
Chi. Union Transfer & Ry. Co., com.. 40,000 00
Chicago Board of Trade. Cert. Memb. . 2,875 00
Ones. & Ohio Transp. Co.. subscription 250,000 00
C. & O. Canal Trans. Co., subscription 10,000 00
Clev. Chamb. Commerce, cert. memb. . 90 00
Century Club, Cleveland 5000
Clev., Lorain & Wheeling Ry., pref. . 98,800 00
Clev., Lorain & Wheeling Ry., com 89,900 00
Confluence and Oakland RR. Co 99,00000
Canton and East Liverpool Ry. Co 6,000 00
Delaware and Western Coal Co 5,000 00
E. St. L. Relay Pass. Sta. Ass., subsc. 3,725 00
Electric Power Co 5,50000
Fairport Warehouse & Elevator Co... 150*000 00
Fayette County RR "82,75000
Gauley Company 415,60000
Georgetown Barge, Dock, El. & Ry. Co. 600 00
Hancock Bridge Co 600 00
Lancaster, Cecil & Southern RR 3,00000
Loudon Co. & Frederick Bridge Co. . 6,000 00
La. Purch. Exposition Co., subscr 12.500 00
Manor Mining & Manufacturing Co. . . 25,000 00
Metropolitan Southern RR 500 00
Ohio and Mississippi Ry., common.. 1,40000
Ohio River RR 3,60000
Ohio & Little Kanawha RR., common.. 6,500 00
Ohio & Little Kanawha RR., preferred 9,000 00
Pennsylvania & Lake Erie Dock Co. . 50,000 00
Philadelphia Bourse 1,00000
Pitts., Cleveland & Toledo RR. Co.... 1,495,000 00
Perry Water Co 2,500 00
Pittsburgh Junction RR., common 795,25000
Pitts., Pain & Fair. RR., preferred.. . 80000
Quemahoning Branch RR. Co 250,000 00
Real Estate & Imp. Co. of Baltimore. . 2,500 00
Ripley & Mill Creek Valley RR 7,41500
Richmond- Washington Company 445,00000
Sharpsville RR 179,750 00
Standard Coupe Co. of Baltimore 1.000 00
Syracuse Water Power Co 1,00000
Snow Fork & Hock. Vy. RR., subscr. . 500 00
Southwestern Equipment Co 4,436,162024
Staten Island Rapid Transit Ry 498,20000
Staten Island Ry 569,850 00
Schuylkill Improvement Land Co 2,000 00
Terminal Land Co 2,00000
Union Stock Yard Co 200,00000
Valley RR. of Virginia 1,020,00000
Valley & Elk River RR 10,000 DO
Wash. & West. Maryland RR. Co 500 00
West Virginia & Penn. RR. Co 75,10000
Wllm. Agric. & Industrial Assn 25000
Wash. Terminal Co., subscription 500,00000
Total . ..$18,590.979971
Value as per Balance Sheet 16,543,877 00
* The remaining $24,650 of this stock was acquired after June 30, 1902.
19. RAILROADS OWNED, LEASED OR OPERATED BY THE BALTIMORE & OHIO RR. Co.
The publication of separate statements for the following railroads is discontinued,
for the reason that the Baltimore and Ohio RR. Co. owns practically all their capital
stocks and has assumed such of their bonds as it does not own. They are virtually
merged into the Baltimore and Ohio RR., as will be seen by referring to ftecs. 7 and 13.
Akron A Chicago Jet. RR
Baltimore A New York RR
Bait. & Ohio A Chicago RR. . . .
Bait. A Ohio Connecting RR. . .
B. A 0. Southwestern RR
Baltimore A Philadelphia RR. .
Baltimore Belt RR
Berkeley Springs A PotomacRR
Berlin RR
Clev., Wooster A Musk. Val.RR.
Confluence A Oakland RR
Eastern Ohio RR
Fairmont, Morgnnt'n A PittsRR
Fayette County RR
Grafton A Belington RR
Lancaster, Cecil A South. RR. . .
Metropolitan Southern RR
Monongahela River RR
Mileage
76.66
5.30
262.78
2.22
917.22
59.32
7.16
5.95
8.00
36.26
19.70
16.92
57.00
11.80
46.73
4.00
2.25
31.20
Stock
S
2,250,000
350,000
1,503.4.50
200000
Bonds
$
1,500,000
3.50,000
8,000,000
Mt. Pleasant A Broad Ford RR,
Ohio A Bait. Short Line Ry. .
Ohio Midland RR
Mileage
9.70
9.30
46.70
103.30
7.30
148.80
3.30
9.30
5.95
16.17
12.00
7.91
45.10
16.00
2420
Stock
$
150,300
290,000
300,000
6,631.580
i.!i/>ii>.ii
150,000
5,500
50,000
117.950
4.500.000
110,000
1.000.000
130,700
982680
Bondi
$
500,000
300,000
3,000.000
12.681,666
Parkersburg Branch RR
Paw Paw RR
Pittsburg A Connellsville RR. . .
Pittsburg A Northern RR
Pt. Pleas., Buck. A Tygarts Vy.
Sandyville A Wayneshurgh RR
Salisbury RR
4,000,000
5,000,000
3.500,000
30,000
50.000
300,000
200.000
300.000
3,000,000
107.400
2.50.000
200.000
1,200,000
1,300,000
43,000,666
5.000,000
6,000,000
200,000
120,000
3,obb,666
150.000
4,500,000
65ii666
200.000
Schuylkill Riv. East Side RR . .
Smithfield A Masontown RR.. . .
Somerset A Cambria RR
South Branch RR
756,666
200.000
1,200.000
700,000
West Virginia A Pittaburg RR .
West Virginia Short Line RR . .
Wheeling, Pitts. A Bait. RR . . .
17B.48
58.00
63.93
3.397,663
3.000.000
5,500,000
4,000,000
3.000,000
5.000.000
62
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
lt)a. Operations Included in Accounts of B. d 0. RR. Co.
CENTRAL. OHIO RR — Bellaire to Colum-
bus. O., 137.3 m. ; Bellaire & St. Clalrsville RR.,
6.63 m. — total, 143.83 miles. Capital stock, $2,869.-
900. Funded debt, $2,500,000. The amounts of
stock and bonds outstanding are shown in Sec?.
4 and 14. This road, by collateral trust of a
majority of its stock, bonds, and other indebted-
ness, is covered by and included under the mort-
gage dated Nov. 1, 1898, securing the Pittsburgh
Junction and Middle Division bonds of the B. &
O. RK. Co., and also, subject to said mortgage,
under the mortgage dated Nov. 1, 1901, securing
the Pittsburgh, Lake Erie and West Virginia
System refunding bonds of the same company.
(See remarks on those mortgages in Sec. 13.)
L. F. Loree, Pres. ; C. W. Woolford, Sec. ; J. V.
McNeal, Treas., Baltimore, Md.
COLUMBUS AND CINCINNATI MIDLAND
RR. — Columbus to Midland City, O., 69.8 miles.
Capital stock (common, $2,000,000; preferred,
$1,000,000), $3,000,000. Funded debt, $2,000,000.
This road, by collateral trust of its stock, bonds,
and other indebtedness, is covered by and in-
cluded under the mortgage dated Nov. 1, 1898,
securing the Pittsburgh Junction and Middle
Division bonds of the B. & O. RR. Co., and also,
subject to said mortgage, under the mortgage
dated Nov. 1, 1901, securing the Pittsburgh, Lake
Erie and West Virginia System refunding bonds
of the same company. (See remarks on those
mortgages in Sec. 13. ) L. F. Loree, Pres. ; J. V.
McNeul, Treas. ; C. W. Woolford, Sec., Baltimore,
Md.
SANDUSKY, MANSFIELD AND NEW-
ARK RR. — Newark to Sandusky, O., 116.25
miles. Capital stock, $1,094,287. Funded debt,
$2,300,000. This railroad, by collateral trust of
practically all of its stock, about 72 p. c. of its
bonds, and other Indebtedness, is covered by anJ
included under the mortgage dated Nov. 1, 1898;
securing the Pittsburgh Junction and Middle
Division bonds of the B. & O. RR. Co., and also,
subject to said mortgage, under the mortgage
dated Nov. 1, 1901, securing the Pittsburgh, Lake
Erie and West Virginia System refunding bonds
of the same company. (See remarks on those
mortgages in Sec. 13.) L. F. Loree, Pres.; J. V.
McNeal, Treas. ; C. W. Woolford, Sec., Balti-
more, Mil.
•WASHINGTON BRANCH RR Relay Sta-
tion, Md., to Washington, D. C., 31 m. ; total track
(steol), 76.37 miles. Built under the charter of
the Bait. & Wash. RR. Co., granted in Maryland,
March 3, 1833. Road opened Aug. 25, 1835. Capital
stock. $1,650,000, of which nearly two-thirds ($1,-
028,000) are owned by B. & O. Co., and one-third
by the State of Maryland ; only $72,000 held by
individuals. The stock owned by the 11. A- o. RR
Co. is deposited as collateral security under the
mortgage dated July 1, 1898, securing the i>ri'>r
lien gold bonds of the B. & O. RR. Co. Net
earnings, year ending June 30, 1902, $305,124;
taxes and other charges, $18,651 : surplus, $286,-
473. Add surplus to June 30, 1901, $1,196,607. Total
surplus, June 30, 1902, $1,483,080. The last divi-
dend paid (5 p. c. ) was for the half year ending
Sept. 30, 1896. (See Manual for 1899, page 69.)
L. F. Loree, Pres.: J. V. McNeal, Treas., Balti-
more, Md. Office, Baltimore, Md.
WINCHESTER AND POTOMAC RR
Harper's Ferry, W. Va., to Winchester, Va., 32
m. ; total track (steel, 28.75 m.), 37.24 miles.
Rail, 60 to 72 Ibs. Chartered April 8, 1831 ; road
opened in 1836. Leased to B. & O. RR. Co., for
20 years (renewable forever), from July 1, 1867,
and operated as part of the Valley Line; rental,
$27,000 — applied to Interest on bonds and divi-
dends on stock. Dividends payable Jan. 1, 189S.
and subsequently are in default, although inter-
est on bonds and taxes have been paid regularly.
Capital stock, $180,000; bonded debt (1st mtge.
refunded and reissued 6 p. c. bonds, due July 1,
1899, $147,150 ; 2d mtge. 5 p. c. bonds, dated Dec.
27, 1882, due July 1, 1913, $85,000). $232,150 — total,
$412,150. The B. & O. RR. Co. owns all of thfi
bonds and $175,000 of the capital stock. L. F.
Loree, Pres. ; J. V. McNeal, Treas. ; C. W. Wool-
ford, Sec., Baltimore, Md. Office, Winchester,
Va.
WINCHESTER AND STRASBURG RR
Winchester to Strasburg June., Va., 20.38 m. ;
total track, 23.92 miles. Chartered in 1860 ; road
opened in 1870. Leased for 17 years from July 1,
1870, to B. & O. RR. Co., and operated as part
of the Valley Line. Lease amended and extended
for 20 years, from July 1, 1887, renewable forever
thereafter. Capital stock ($100 shares), $600,000,
of which individuals hold 746 shares, on which
the B. & O. RR. Co. guarantees dividend? of 4
p. c. per annum. The remaining 5,254 shares are
held by the B. & O. RR. Co. L. F. Loree, Pres. ;
C. W. Woolford, Sec. ; J. V. McNeal, Treas., Bal-
timore, Md. Office, Winchester, Va.
19b. Operations Not Included in Accounts of B. & 0. RR. Co.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $50,000; funded debt (1st 6s of
April 1, 1901), $50,000; current liabilities, $11,941;
accrued interest, $750 — total, $112,691. Contra:
Cost of road, $55,728 ; profit and loss, $56,963 —
total, $112,691. All of the bonds and $49,500 of the
stock are owned by the B. & O. RR. Co.
CORPORATE OFFICERS. — L. F. Loree, Pres. ;
J. Wirt Randall, Vice-Pres. ; C. W. Woolford,
Sec. ; J. V. McNeal, Treas. ; J. L. Kirk, Aud.,
Baltimore, Md. Office, Baltimore, Md.
BAY RIDGE AND ANNAPOLIS RR Bay
Ridge to Short Line June., Md., 4.5 m. ; total
track (steel, 4.5 m.), 5.76 miles. Rail, 70 Ibs.
HISTORY. — Chartered Feb. 10, 1886; road
opened Aug. 1, 1886. Operated by the B. & O.
RR. Co. for account of the owners.
OPERATIONS, year ending June 30. 1902. —
Gross earnings (passenger), $1,930. Operating
expen?e, $2,191 ; interest on bonds, $3,000 ; taxes,
$193 — total, $5,384. Deficit, $3,454 ; deficit forward,
$53,509— total, $56,963.
CLEVELAND, LORAIN AND WHEEL-
ING RY — Lorain to Bridgeport, O., 157.6 m. ;
Cleveland to Lester, O., 28 m. ; Martins Ferry to
Bellaire, O , 6.7 m. — total, 192.3 m. ; 2d track, 4.7
ni. ; total track (steel, 60 to 80 Ibs.). 329.24 miles.
HISTORY. — Consolidation, Nov. 23, 1833, of the
Cleveland, Lorain and Wheeling RR. Co. with the
Cleveland and Southwestern Ry. Co. (See
Manual for 1834, page 108.) The company Is
controlled by the B. & O. RR. Co. by ownership
of about 72 p. c. of the capital stock. The stock
thus owned is deposited under the Pittsburgh,
Lake Erie and West Virginia System refunding
mortgage of the B. 6 O. RR. Co.
ROLLING STOCK, June 30, 1902. — Locomotives,
64. Cars — passenger, 20 ; combination, 4 ; bag-
gage, mall, and express, 8; freight (box, 440;
stock. 50; flat, 553; coal, 3,480), 4.523; service,
90 — total, 4,645.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 412,320; freight, 929,375),
1,341,695 miles. Passengers carried, 484,656 ; car-
ried one mile, 12,930,630 ; average mile rate, 1.81
cents Tons freight moved, 4,705,588 ; ton-miles.
445,663,411 ; average ton-mile rate, 0.54 cent.
EARNINGS. 1900-1901 1901-1902
Passenger $217.98175
Freight 1,800,401 94
Mall and Express 30,38779
Miscellaneous 14,881 25
$233,816 62
2,411,276 84
32.019 50
16,311 38
Totals $2,063,65273 $2,693,42434
Averages per Mile.... 10.731 42 14,00637
POOR'S MANUAL BALTIMORE AND OHIO SYSTEM.
63
EXPENSES. 1900-1901 1901-1902
Maint. Way & Struct.... $404.81979 $306,45470
Maint. Equipment 242,42968 261,35356
Conducting Transport.... 596,16254 877,22675
General 78,58168 63,67188
Totals $1,321,99369 $1,508,70689
Averages per Mile.... 6,874 64 7,845 59
Net earnings, 1901-02 (43.99 p. c.), $1,184,717.45.
Payments : Taxes, $67,150.93 ; interest on funded
debt, $337,400 ; on floating debt, $10,946.15 ; other
charges, $769,220.37 — total, $1,184,717.45.
General Balance Sheet, June 30, 1902.
Com. Stock Paid in ($100 shares).... $8,000,000 00
Pref. Stock Paid in ($100 shares).... 5,000,00000
Funded Debt Outstanding 6,843,000 00
Real Estate Mortgages 100,00000
Car Trust Bonds 23,228 00
Current Liabilities 549,79226
Profit and Loss 968,34033
Total Liabilities? $21,484,360 59
Cost of Road $18,915,868 88
Oost of Equipment 1,830,99600
P. & W. Coal Co. Stock 300,000 00
Other Permanent Investments 8,40000
Current Accounts and Balances 429,09571
Total Assets $21,484,360 59
B. & O.'s INTEREST IN COMPANY. — The Bal-
timore and Ohio RR. Co. owns $2,699,700 of the
preferred stock and $6,670,700 of the common
stock, all of which it has deposited under its
Pittsburgh, Lake Erie and West Virginia System
refunding mortgage.
FUNDED DEBT consists of (1) $5,000,000 con-
sol. 1st gold 5s of Oct. 1, 1933; (2) $893,000 ($1.000,-
000 auth.) gen. gold 5s of June 1, 1936, and (3)
J.950,000 ($10,000,000 auth.) consol. refunding gold
4is of Jan. 1, 1930. The bonds are secured, in
the order named, on the entire property of the
company. The gen. mtge. bonds may be drawn
at 105 and the consol. refunding bonds at 102J,
on 30 days' notice. Provision is made for the
retirement of all three issues of this company's
bonds, in the mortgage securing the Pittsburgh,
Lake Erie and West Virginia System refunding
bonds of the B. & O. RR. Co.
CAR TRUST BONDS. — The car trust bonds are
in two series — series A, $10,208 ; series B, $13,020.
The total amount issued of series A was $400,000 ;
of series B, $109,368. Series A bonds were issued
on or about Oct. 1, 1895, and are payable $5,000
monthly ; series B bonds were Issued about Aug.
I, 1896, and are payable $1,302 monthly. Series
A bonds bear interest at the rate of 5 p. c. per
annum, payable Jan. and July. Equipment cov-
ered by car trusts consists of 6 locomotives, 950
coal cars and 300 fiat cars.
DIRECTORS (elected Oct. 21, 1902). — James A.
Blair, New York, N. Y. ; S. T. Everett, J. M.
Lessick, J. F. Whitelaw, W. R. Woodford, Cleve-
land, O. ; Parks Foster, Elyria, O. ; L. F. Loree,
C. W. Woolford, Baltimore, Md. ; J. W. Mc-
Clymonds, Massillon, O. Officers : L. F. Loree,
Pres., Baltimore, Md. ; J. V. McNeal, Treas. ; C.
VV. Woolford, Sec., Baltimore, Md. Office, Cleve-
land, O.
RAILROAD OPERATED BY C., L. & W. RY. Co.
St. Clatrsville and Northern Ry St.
Clairsville to Barton, O., 3.6 m. ; total track
(steel; 40 Ibs.), 4.0 miles. Locomotive, }; pas-
senger car, 1. Chartered June 17, 1879 ; road
opened Nov. 1, 1881. Leased for 30 years, April
17, 1882, to the St. Clairsville Co. Operation as-
sumed by the Cleveland, Lorain and Wheeling
Ry. Co. as of Jan. 1, 1903. The road is owned by
the village of St. Clairsville, O., which issued
for its construction $30,000 of bonds secured by
mortgage on the property and by guaranty of
St. Clairsville village. Of these bonds $4,000 are
outstanding.
19c. Railroads Owned, Leased or Operated by B. £ 0. RR. Co. — Continued.
CLEVELAND TERMINAL AND VALLEY
RR — Cleveland, O., to Valley Junction, O., 75.47
m. ; 2d track, 4.48 m. ; total track ( steel, 140.97
m.), 150.86 miles. Gauge, 4 ft. 8J in. Rail, 56
to 75 Ibs.
HISTORY. — Chartered Oct. 3, 1895, as successor
to the Valley Ry. Co. The mileage of the Sandy-
ville and Wayuesburg RR. is not shown above
as first track, that line being merely a spur to
coal mine. The Pittsburgh, Lake Erie and West
Virginia System refunding mortgage of the B.
& O. RR. Co. covers this road and the Sandyville
and Waynesburg RR., subject to the lien of this
company's bonds.
General Balance Sheet, June 30, 1902.
Com. Stock Paid in ($50 shares).... $5,200,00000
Pref. Stock Paid in ($100 shares).. 2,200,00000
Funded Debt Outstanding 5,515,00000
Car Trust Lease Warrants 192,000 00
Current Liabilities 876,19145
Accrued Liabilities 38,36666
Profit and Loss 201,706 25
Total Liabilities $14,223,264 36
Cost of Road $11,896,762 89
Cost of Equipment 334,362 10
Car Trust Equipment 273,00000
Lands Owned 586,371 99
•Stocks of Other Companies Owned. . 13,605 65
Company Stock in Treasury 723,95000
Current Accounts and Balances 395,21173
Total Assets $14,223,264 36
* Consisting of Cleveland RR. Construction
Waynesburg RR. Co. stock, $13,105.65.
ROLLING STOCK, June 30, 1902. — Locomotives,
'AO. Cars — passenger, 21 ; baggage, etc., 4 ; freight
(flat, 131; coal, 803; other, 2), 936; service, 19 —
total, 980. Of the coal cars, 500 are held under
car trust.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 292,232; freight, 261,926),
554,158 miles. Passengers carried, 478,159 ; carried
one mile, 12,097,320 ; average mile rate, 2.17 cents.
Tons freight moved, 2,821,216; moved one mile,
78,775,780 ; average ton-mile rate, 1.13 cents.
EARNINGS. 1900-01 1901-02
Passenger $215,598 16 $262.270 47
Freight 835,79726 910,15510
Mail and Express 23,34219 24.71498
Miscellaneous 35,485 70 4,938 08
Totals $1,110.223 31
Averages per mile 14,71079
EXPENSES. 1900-01
Maint Way & Struct $145,37649
Maint. Equipment 139,02320
Tran sportation 405,929 19
General 49,47573
$1.202,078 f,3
15,927 90
1901-02
$143,659 03
116,623 06
452,890 32
33,079 95
Totals $739.80461 $746,25238
Averages per Mile.... 9,802 63 9,888 07
Net earnings, 1901-02 (37.92 p. c.). $455,826.27;
rentals received. $16,880 — total. $472,706.27. Pay-
ments : Interest on bonds, $231,325 ; on floating
debt, $4,624.51 ; taxes. $29,679.64 ; other charges,
$207,077.12 — total, $472,706.27.
and Equipment Co. stock, $500 ; Sandyville and
64
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
CAPITAL STOCK authorized consists of $5.200,-
OUU common stovk and $2.200,000 preferred stock.
but $5X4.700 of the common and $139.250 of the
i red are in the treanury unsold. The B. &
0. Kit. Co. owns $4.594,300 of the outstanding
• .minion stock and $953,750 of the outstanding
pn f erred stock, all of which it has deposited
under its Pittsburgh, Lake Erie and West Vir-
ginia Sy.-t.-in refunding mortgage.
FUNDED JiKltT consists of ($6,000,000 auth.)
1st gold -is of Nov. 1, 1995. The bonds are guar-
anteed, by endorsement, both as to principal and
interest, by the 13. & O. UK. Co. A provision
making them subject to redemption at par and
Interest on or before May 1, 1904, on 60 days'
notice, is stamped on a majority of the bonds.
Provision is made for the retirement of the whole
i.-.-ni1, in the mortgage securing the Pittsburgh,
Lol-e Erie and Wet-t Virginia System refunding
bonds of the B. & O. RR. Co.
CAIt TRUSTS. — The car trust lease warrants
are secured on the 500 gondola cars held under
car trusts. They bear interest at the rate of 5
p. c. per annum, and are payable $27,000 each
May 1st to 1908, inclusive, and $30,000 on May
1, 1909.
DIRECTORS (elected Oct. 21, 1902). — L. F.
Loree, Baltimore, Md. ; S. T. Everett, J. H. Mc-
Bricle, Calvary Morris, Benjamin Rose, Harvey
H. Brown, Robert R. Rhodes, Stewart H. Chis-
holm, F. H. Goff, Cleveland, O. Officers: L. F.
Loree, Pres. ; Oscar G. Murray, Vice-Pres. ; J. V.
McNeal, Treas. ; C. W. Woolford, Sec. ; C. S. Sims,
Gen. Mgr. ; J. L. Kirk, Aud., Baltimore, Md. Gen-
eral Office, Cleveland, O.
OHIO AND LITTLE KANAWHA RR
Fair Oaks to West Marietta, O., 72.04 m. ; total
track ( steel ; 56 and 60 Ibs. ) , 82.55 miles.
HISTORY. — Reorganization, March 1, 1900, of
the Zanesvllle and Ohio River Ry. Co. (See
Manual for 1900, page 336.) Controlled by the
B. & O. RR. Co. by ownership of a majority of
both classes of capital stock and covered by that
company's Pittsburgh, Lake Erie and West Vir-
ginia System refunding mortgage, subject to the
lien of $228,000 outstanding 1st ratge. 5 p. c. bonds,
due March 1, 1950. Provision is made for the
retirement of the bonds in the mortgage securing
the Pittsburgh. Lake Erie and West Virginia
System refunding bonds of the B. & O. RR. Co.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 115,686; freight, 57,580),
173,266 miles. Passengers- carried, 174,199 ; car-
ried one mile, 3,570,493. Tons freight moved,
244,677; ton-miles, 10,463,333. Earnings (passen-
ger, $80.131; freight, $98,416; other, $10,171), $188,-
718. Operating expenses, $145,527. Net earnings,
$43.191. Payments: Interest on bonds, $11,400;
taxes, $7,117 — total, $18,517. Surplus, $24,674 ; sur-
plus forward. $28,943; additions during year, $460
— total, $54,077.
BALANCE SHEET, June 30, 1902.— Capital
stock ($1,000,000 common and $1,250,000 non-cum.
5 p. c. preferred; $100 shares), $2,250,000; funded
debt (see above), $250,000; current liabilities,
$7.103; profit and loss, $54,078 — total, $2,561,181.
Contra : Cost of road, $2,110,028 ; equipment, $216,-
435 ; company's securities in treasury, $186,500 ;
current accounts and balances. $48,218 — total,
$2.561,181.
CORPORATE OFFICERS.— L. F. Loree, Pres. ;
J. V. McNeal. Treas. ; C. W. Woolford, Sec., Bal-
timore, Md.
OHIO RIVER RR — Owned: Benwood Junc-
tion to west bank of Guyandotte River, W. Va.,
208.6$ m. ; total track (steel ; 56 to 75 Ibs.), 250.43
miles. Leased: H. & B. S. RR. (see appended
statement), 10.92 miles. Trackage: Pittsburgh.
Wheeling and Kentucky RR., Benwood Junction
to Wheeling, W. Va., 4 miles. Total operated,
223.58 mile?.
HISTORY. — Chartered April 18, 1881 ; charter
amended Dec. 16, 1882 ; road opened throughout
in April, 1883. (See Manual for 188S, page 618.)
ROLLING STOCK. June 30, 1902. — Locomotives.
35. Cars- — passenger, 38 ; baggage, mall and ex-
press, 8; freight (box, 7S1 ; flat, 35; stork, 41;
coal. 197). 1,064; service, 67 — total, 1,167. Of this
equipment, 400 box cars and 50 coal cars are
« overed by equipment trust.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 6.S1.312; freight, 367,915),
1.039,227 miles. Passengers carried, 756,880; car-
ried one mile, 24,433,496 ; average mile rate, 2.75
cents. Tons freight moved, 1,017,852; moved one
mile, 117,910,701 ; average ton-mile rate, 0.712 cent.
EARNINGS. 1900-1901 1901-1902
Passenger $632.75314 $670,746 U*
Freight 786,72068 840,10468
Mail and Express 42,36245 45.61871
Miscellaneous 11,82279 1,17591
Totals $1. 473.05ft 06 $1,557,64538
Averages per Mile.... 6,53831 6,97358
EXPENSES.
Maint. of Way & Struct. . $314.354 63 $274,773 48
Maint. of Equipment 158,347 74 147,678 80
Conducting Transp 437,46775 454,13825
General Expenses 5S.519 30 43,46555
Totals $968,68942 $920,06608
Averages per Mile.... 4,332 63 4,115 11
Net earnings, 1901-02 (40.93 p. c.), $637,589.30;
rents received, $1,507.14 — total, $639,096.44. Pay-
ments : Interest on funded debt, $247,050 ; other
interest, $5,486.36; taxes, $33,519.04; rentals, $19,-
635 — total, $305,690.40. Surplus, $333,406.04; sur-
plus forward, $429,775.27 — total, $763,1S1.31. De-
ductions during the year, $324,724.83. Surplus,
June 30, 1902, $438,456.48.
General Balance Sheet, June 30, 1902.
Common Stock ($6,000,000 auth.; $100
shares) $5,915,430 50
Funded Debt Outstanding 4,978,831 00
Current Liabilities 353,39032
Interest Accrued, not Payable 24,50833
Profit and Loss 438,45648
Total Liabilities $11,710,616 63
Cost of Road $10.080,932 39
Cost of Equipment 1,192,524 80
Betterment Account 96,416 30
Current Accounts and Balances 340,74314
Total Assets $11,710,616 63
This company controls the Huntington and Big
Sandy RR. Co. by ownership of its entire capital
stock and the Ravenswood, Spencer and Glenville
RR. Co. and Ripley and Mill Creek Valley RR.
Co. by ownership of a majority of their capital
stocks. This company Is controlled by the B. &
O. RR. Co. by ownership of more than 99 p. c.
of Its capital stock. The stock owned by the B.
& O. is deposited under that company's Pitts-
burgh, Lake Erie and West Virginia System re-
funding mortgage.
FUNDED DEBT, June 30, 1902. consisted of
$2,000,000 1st 5s of June 1, 1936 ; $2.941,000 ($3,000,000
auth.) gen. 5s of April 1, 1937, and $38,541 of which
the details nre not reported. The company guar-
antees, both as to principal and interest, the
bonds of the Huntington and Big Sandy RR. Co.,
Ravenswood, Spencer and Glcnvi'le RR. Co., and
Ripley and Mill Creek Valley RR. Co. In the
mortgage securing the Pittsburgh. Lake Erie and
West Virginia System refunding bonds of the B.
& O. RR. Co., provision is made for the retire-
ment of the funded debt of this company and of
the companies it controls
CORPORATE OFFICERS. — L. F. Loree. Pres. ;
Oscar G. Murray, Vice-Pres. ; J. V. McNeal,
Treay. ; C. W. Woolford, Sec., Baltimore, Md.
Office, Parkersburg, W. Va.
POOR'S MANUAL BALTIMORE AND OHIO SYSTEM.
65
RAILBOAD LEASED TO O. R. RR. Co.
Hunting-ton and Bis Sandy RR. — Guyan-
dotte River to Kenova, W. Va., 10.92 m. ; branches,
3 m. — total, 13.92 miles. Rail (steel), 60 Ibs.
Chartered April 12, 1890 ; completed during 1892.
Leased Sept. 1, 1892, to the Ohio River RR. Co.,
which guarantees, by endorsement, principal and
interest of the bonds.
Capital stock (auth., $200,000), $71,000; funded
debt (1st gold 6s of July 1, 1922), $400.000 — total,
$471,000.
L. F. Loree, Pros. ; Oscar G. Murray, Vlce-
Pres. ; J. V. McNaal, Treas. ; C. W. Woolford,
Sec., Baltimore, Md. Office, Parkersburg, W. Va.
lJ*d. Railroads Owned, Leased or Operated by B. <& O. RR. Co. — Continued.
PITTSBURGH JUNCTION RR. — Laughlin
Station (B. & O. RR.) to Willow Grove (P. & W.
RH.l, Pittsburgh, Pa., 4.47 m. ; 43d St. to 20th
St. and 16th St. to 9th St., Pittsburgh, Pa., 2.45
m. — total, 6.92 m. ; 2d track, 4.47 m. ; total track
(steel ; 67 and 85 Ibs.), 22.29 miles. The company
owns 10 locomotives and 1 transfer barge.
HISTORY. — Consolidation, Dec. 21, 1881, of the
Pittsburgh Local RR. Co. and the Pittsburgh
Junction RR. Co. ; road opened Sept. 1, 1884. This
road connects the B. & O. RR. with the Pitts-
burgh and Western RR., and under a traffic
agreement with those roads (see Manual for
1901, page 62) this company receives $1 per car
de.Mvered to or received from them. This com-
pany controls the Pitt.sburgh Junction Terminal
Co., by ownership of its entire capital stock, and
is in turn controlled by the Baltimore and Ohio
RR. Co., by ownership of a majority of its capital
stock. The Baltimore and Ohio RR. Co. assumed
the operation of the property, as agent for the
owners, on Jan. 1, 1902.
OPERATIONS, year ending June 30, 1902. —
Earnings (passenger, $11,048; freight, $447,649;
other. $732), $459,429. Operating expenses, $209,-
183. Net earnings, $250,246. Paid interest on
bonds, $101,400 ; on floating debt, $12.485 ; taxes,
$20,760 — total, $134,645. Net profit, $115,601 ; sur-
plus forward, $121,240 — total, $236,841. De-
ductions for year, $130,959. Surplus, June 30,
1902, $105,882.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in ($1,460,000 common and $480,000 pre-
ferred; $50 shares), $1,940,000; funded debt (see
below), $1,740,000; current liabilities, $224,278.61;
profit and loss, $105,881.91 — total, $4,010,160.52.
Contra : Cost of road, $3,615,152.96 ; rolling stock,
180,660.35 : stock Pittsburgh Junction Terminal
Co., $200,000; Pittsburgh Junction Terminal Co.
advances. $29,254.19; current assets, $85,093.02 —
total, $4,010,160.52.
FUNDED DEBT consists of $1,440,000 1st gold
6s of July 1, 1922, and $300,000 2d gold 5s of July
1. 1922. There are also $500,000 1st gold 5s of Oct.
1, 1907, of the Pittsburgh Junction Terminal Co.,
guaranteed by this company. All of the preferred
stock, about 96.65 p. c. of the common stock* about
33.4 p. c. of the 1st mtge. bonds, 10 p. c. of the
2d mtge. bonds, and 61.2 p. c. of the Pittsburgh
Junction Terminal bonds have been acquired by
the B. & O. RR. Co. and most of them have been
deposited under the mortgage securing that com-
pany's Pittsburgh Junction and Middle Division
bonds.
DIRECTORS (elected Oct., 1902). — W. M. Ken-
nedy, Pittsburgh, Pa. ; Johns McCleave, L. G.
Haas, Oscar G. Murray, C. W. Woolford, Geo. C.
Jenkins, Baltimore, Md. ; Thos. M. King, Phila-
delphia, Pa. Officers : L. F. Loree, Pres., Balti-
more, Md. ; W. M. Kennedy, Vice-Pres., Pitts-
burgh, Pa. ; C. "9V . Woolford, Sec. ; J. V. McNeal,
Treas., Baltimore, Md. General Office, Pitts-
burgh, Pa.
PITTSBURGH AND "WESTERN RR. —
Standard gauge (Allegheny to New Castle, Pa.,
57.2 m. ; Cal'ery June, to Foxburg, Pa., 44.9 m. ;
Ribolds June, to Harmony June., 7.9 m. ; Frisco
to Crowthers, Pa., 5.8 m. ; Bennet to Brookfleld,
Pa., 3.3 m.), 119.1 m. ; narrow gauge (Foxburg to
Mount Jewett, Pa., 91.75 m. ; Kane June, to Kane,
Pa., 0.76 m. ; Clarion June, to Clarion, Pa., 6.2
m.), 98.71 m. — total, 217.81 miles. Gauges, 3 ft.
and 4 ft. 8J in. Rail (steel), 40 to 100 Ibs. The
lease of the narrow gauge division to the Brad-
ford, Bordell and Kinzua RR. Co. has been can-
celled and the entire road is now operated as
part of the Pittsburgh Division of the B. & O.
RR. At Allegheny, Pa., the company owns ter-
minal yards extending from near Pine Creek to
Jack's Run, a distance of about 7 miles, covering
almost the entire river frontage of the city.
HISTORY. — This company is a reorganization,
Jan. 28, 1902, of the Pittsburgh and Western Ry.
Co., whose property was sold under foreclosure
of the 2d mortgage on Oct. 9, 1901 (see Manual
for 1901, page 58 et seq.). The Pittsburgh and
Northern RR., 3.3 miles, was absorbed in the re-
organization. The company acquired the prop-
erty subject to $81,000 1st mtge. bonds of the
original P. & W. RR. Co., $219,000 1st mtge. bonds
of the Pittsburgh, New Castle and Lake Erie
RR. Co. and $9,700,000 1st mtge. bonds of the P.
& W. Ry. Co.
FINANCIAL STATEMENT. — Capital stock,
$13,500,000. Funded debt (in addition to the above
prior liens), $3,500,000. The B. & O. RR. Co.
owns all of the capital stock and all of the bond*
except $83,000 of the P., N. C. & L. E. Ists and
$1,634000 P. & W. Ry. Ists, and has deposited the
securities it owns under its Pittsburgh, Lake
Erie and West Virginia System refunding mort-
gage. Provision is made in that mortgage for
the retirement of the $1,634,000 outstanding bonds.
DIRECTORS (elected Oct. 20, 1902). — L. O.
Haas, S. P. Hutchinson, W. M. Kennedy, Henry
W. Oliver, Pittsburgh, Pa. ; John E. McVey,
Youngstown, O. ; C. W. Woolford, Baltimore, Md.
Officers : L. F. Loree, Pres. ; J. V. McNeal,
Treas. ; C. W. Woolford, Sec., Baltimore, Md.
General Office, Pittsburgh, Pa.
RAILROADS LEASED OR CONTROLLED BY P. & W. RR. Co.
Ellwood Short Line RR. — North Sewick-
ley to Rock Point, Pa. (double track), 3.1 m. ;
total track (steel; 60 Ibs.), 7.41 miles. Gauge,
4 ft. 8J in.
Organized April 25, 1890 ; road opened Aug. 15,
1891. Leased to the Pittsburgh and Western Ry.
Co. for 30 years from Aug. 10, 1891. Purchased
by Thomas M. King, Receiver of the Pittsburgh
and Western Ry., on May 6, 1898.
Capital stock (par, $100), $300,000; funded debt,
$300.000 — total, $600,000. The stock is deposited
under the mortgage securing the Pittsburgh,
Lake Erie and West Virginia System refunding
bonds of the B. & O. RR. Co., and provision is
made in that mortgage for the retirement of the
bonds.
L. F. Loree, Pres. ; W. M. Kennedy, Vice-Pres. ;
C. W. Woolford, Sec. ; J. V. McNeal, Treas. ; J.
L. Kirk. Aud., Baltimore. Md.
Triiml.nll and Mahonlngr RR. — Pro-
jected : Hazelton Jo Niles, O., 15 m. ; completed,
11.38 m., of which 5.80 in. standard and 5.58 m.
narrow gauge. Leased : Pittsburgh, Palnesville
and Fairport RR., from Niles to Youngstown,
O., 9.5 miles.
Chartered in 1887 and the road built in that and
succeeding years. The section of the P., P. & F.
RR. from Niles to Youngstown la leased in per-
66
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROL'P.
petuity and the rental commuted in advance,
statement tor P., P. & F. RR.) The com-
I'.my owns 40 acres of terminal property in
Youngstown, O.
Capital .stock, 1600,000; funded debt (1st 6s of
Oct. 15. 1917), $360.000. The -capital stock and
1200,000 of the bonds are pledged under the mort-
gage securing the Pittsburgh, Lake Erie and
West Virginia System refunding bonds of the
B. & O. RR. Co., and the remaining $150,000 bonds
are pledged under the 1st mortgage of the Pitts-
burgh and Western Ry. Co.
L. F. Loree, Pres. ; J. V. McNeal, Treat*. ; C. W.
Wooiford, Sec., Baltimore, Md.
l»e. Railroads Owned, Leased or Operated by B. <£ 0. RR. Co. — Continued.
PITTSBURGH, CLEVELAND AND TO-
LEDO RR. — New Castle June.. Pa., to Akrou
June.. O., 77.1 m. ; total track (steel; 60 Ibs.),
113.29 miles.
HISTORY. — Organized June 6, 1882; road
opened March 1. 1884. Leased to the P. & W. Ry.
Co. fur 99 years from July 15, 1884. the lessee
guaranteeing the payment of interest on the
bonds. This guaranty has been assumed by the
B. A O. RK. Co. under an agreement requiring
the P. £ W. Ry. Co. to pay to the Central Trust
Co. of New York $12,000 a month an account of
rental, default to entail a forfeiture of the lease,
etc., to the B. & O. RR. Co. (See Manual for
1900. page 63.)
ROLLING STOCK, June 30, 1902. — Locomotives.
19. Ca*s — passenger, 12 ; combination, 4 ; bag-
gage, etc., 3: freight (box, 202; coal, 555; flat,
39), 796; service, 6 — total, 821.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 259,569; freight, 757,844),
1,017,413 miles. Passengers carried, 227,462; car-
ried one mile, 11,278,445. Tons freight moved,
6,632,043; moved one mile, 337,787,872. Earnings
(passenger, $127,076.07; freight, $1,407,809.82;
other, $31,746.25), $1,566,632.14. Operating ex-
penses, $1,041,396.19. Net earnings (rental),
$525.236.95. Payments: Taxes, $19,505; interest
on bonds, $144,000; other interest, $43,859.17;
other, $50 — total, $207,414.17. Surplus. $317,822.78;
surplus forward, $167,044.52 — total, $484,867.30.
Deductions for year, $332,007.08. Surplus June
30. 1902, $152,860.22.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $3,000,000; funded debt, $4,000,-
000; equipment trust, $158,384.12; current liabili-
ties, $749.121.12; accrued interest, $36,000; profit
and loss, $152,860.22 — total, $8,096,365.46. Contra:
Cost of road and equipment, $6,214,654.33 ; trust
equipment, $280,059.25 ; treasury bonds, $1,600,000 ;
other assets, $1,651.88 — total, $8,096,365.46.
FUNDED DEBT, June 30, 1902, consisted of
$2.400,000 outstanding 1st 6s of Oct. 1, 1922, and
$1,600,000 1st consol. 4Js of Aug. 1, 1945, in the
treasury unsold (see Manual for 1901, page 61).
Tho B. & O. RR. Co. owns $1,505,000 of the capital
stock and has deposited It under the mortgage
securing its Pittsburgh, Lake Erie and West
Virginia System refunding bonds. Provision was
made in that mortgage for the retirement of the
72.400,000 outstanding 1st mtge. bonds, which the
B. & O. had the privilege of purchasing at 125
and accrued interest. This privilege was ex-
ercised on Feb. 1. 1903.
CORPORATE OFF ICERS. — L. F. Loree. Free. ;
C. W. Wooiford, Sec. ; J. V. McNeal. Treas.,
Baltimore, Md. Office, Youngstown, O.
PITTSUI RGH, PAINESVILLE AND
PAIRPORT RR. — Fairport, O., to Niles, O.,
53 m.. total track (steel; 60 Ibs.), 83.78 miles,
HISTORY. — Successor to the Painesville and
Youngstown Ry. Co., whose property was sold
under foreclosure June 3, 1886. The road from
Fairport to Niles was broadened to standard
gauge, and leased to the P. & W. RR. Co., Oct.
I, 1886, the lease providing for the payment of
the Interest on the 1st mtge. bonds. The rest of
the line is leased to the Trumbull and Mahonlne
RR. Co., statement for which see.
ROLLING STOCK, June 30, 1902. — Locomotives.
II. Cars — passenger, 1 ; freight (coal and coke),
1.005.
OPERATIONS, year ending June 30, 1902.—
Earnings (passenger. $13.588.91; freight. $477,-
727.85; other, $6.478.58), $497,795.34. Operating ex-
penses, $366,103.89. Net earnings (rental), $131.-
691.45. Payments : Interest on bonds, $62,500 ; on
real estate mortgages, $300 ; on floating debt,
$6,606.50; taxes, $16,000 — total, $85,406.50. Surplus,
$46,284.95; surplus forward, $24,140.47 — total, $70.-
425.42. Deductions for year, $64,782.37. Surplus
June 30. 1902, $5,643.05.
BALANCE SHEET. June 30, 1902. — Capital
stock — common, $)sOO,000 ; preferred. $250,000;
funded debt, $1,250,000 ; floating debt. $818,057. M :
profit and loss, $5,643.05 — total, $3,123,700.86.
Contra: Cost of road, $3,066,711.76; other assets.
$56,989.10— total, $3,123,700.86.
FUNDED DEBT consists of $1,000,000 1st 5s of
July 1, 1916, and $250,000 terminal 5s of July 1,
1916. The B. & O. RR. Co. owns all the common
Block. $219,300 of the preferred stock. $940.000 ot
the 1st mtge. bonds and all the terminal bonds,
and has pledged them under its Pittsburgh, Lake
Erie and West Virginia System refunding mort-
gage.
CORPORATE OFFICERS. — L. F. Loree, Pres. ;
C. W. Wooiford, Sec. ; J. V. McNeal, Treas.. Bal-
timore, Md. General Office, Youngstown, Ohio.
RAVE3VSWOOD, SPEXCER AND GLEK-
VILLE RY. — Ravenswood, W. Va., to Spencer,
W. Va., 32.5 m. ; total track ( steel ; 60 Ibs. ) , 34.73
miles.
HISTORY. — Chartered April 10, 1886; road
opened throughout on Jan. 4, 1892.
ROLLING STOCK, June 30, 1902. — Locomotives,
2. Cars — combination, 1; freight (box, 5; coal,
10), 15 — total, 16.
OPERATIONS, year ending June 30, 1902—
Train? run (mixed), 41,841 miles. Passengera
carried, 30,401 ; carried one mile, 543,807. Tons
freight moved, 42,429 ; ton-miles, 1,037,184. Earn-
ings ( passenger, $17,768 ; freight, $34,970 ; other,
$4,274), $57,012. Operating expenses, $45,629. Net
earnings, $11,383. Payments : Interest on bonds,
$22,560; taxes, $3,043 — total, $25,603. Deficit, $14,-
220 ; deficit forward, $75,172 ; deductions for year,
$164— total, $89,556.
GENERAL BALANCE SHEET, June 30, 1902.
— Capital stock paid in ($250,000 auth. ; $25
shares), $237,375; funded debt (1st 6s of Aug. 1,
1920), $376,000; current liabilities, $94,783; Interest
accrued, not due, $9,400 — total, $717.558. Contra :
Cost of road, $601,681 ; equipment, $25,848 ; cur-
rent assets, $473 ; profit and loss, $89,556 — total,
$717,558.
A majority of the capital stock is deposited
under the Pittsburgh, Lake Erie and West Vir-
ginia System refunding mortgage of the B. &
O. RR. Co., and provision is made in that mort-
gage for the retirement of this company's bonds.
The bonds are guaranteed, both principal and
interest, by the Ohio River RR. Co.
CORPORATE OFFICERS.— L. F. Loree, Pres. ;
Oscar G. Murray, Vice-Pres. ; J. V. McNeal,
Treas. ; C. W. Wooiford, Sec., Baltimore, Md.
Office, Parkersburg, W. Va.
RIPLEY AND MILL CREEK VALLEY
RR. — Milwood Junction to Ripley, Jackson C.
H., W. Va., 13 in.; total track (steel; 45 Ibs.),
13.90 miles. Locomotive, 1 ; no cars.
HISTORY. — Organized April 17, 1886; road
opened throughout Oct. 1, 1888.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 3,470; freight, 16,256),
19,726 miles. Passengers carried, 15,683 ; carried
one mile, 147.921. Tons freight moved, 43,665;
ton-miles, 574,713. Earnings (passenger, $6,266;
freight. $23,287 ; other. $1,416) ; $30,969. Operating
expenses, $17,766. Net earnings, $13,203, Pay-
ments : Interest on bonds, $3,000 ; taxes, $636 —
total, $3,696. Surplus, $9,507; surplus forward.
POOR'S MANUAL — BALTIMORE AND OHIO SYSTEM.
67
143,667 — total, $53,174. Deductions during the
year, $175. Surplus, June 30, 1902, 152,999.
GENERAL BALANCE SHEET, June 30, 1902. —
Capital stock paid in ($100,000 auth. ; $25 shares),
$97,810; funded debt (1st 6s of Aug. 1, 1908),
$50,000 ; current liabilities, $469 ; interest accrued,
not due, $1,250; profit and loss, $52,999 — total,
$202,558. Contra : Cost of road, $153,266 ; equip-
ment, $3,000 ; current assets, $46,292 — total, $202,-
558.
A majority of the capital stock is deposited
under the Pittsburgh, Lake Erie and West Vir-
ginia System refunding mortgage of the B. & O.
RR. Co. and provision is made in that mortgage
for the retirement of this company's bonds. The
bonds are guaranteed, both principal and inter-
est, by the Ohio River RR. Co.
CORPORATE OFFICERS. — L. F. Loree, Pres. ;
Oscar G. Murray, Vice-Pres. ; J. V. McNeal,
Treas. ; C. W. Woolford, Sec., Baltimore, Md.
Office, Parkersburg, W. Va.
VALLEY RR Harrisonburg, Va., to Lex-
ington, Va. (including 1 mile of trackage), 62
m. ; total track (steel, 63.66 m.), 69.27 miles.
HISTORY. — Chartered Feb. 23, 1866; road com-
pleted to Lexington in 1883 (see Manual for 1893,
page 650).
ROLLING STOCK. — Company owns 3 locomo-
thes: rest of equipment supplied by the B. & O.
RR. Co.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 78,180; freight, 44,476),
122,656 miles. Passengers carried, 82,319; car-
ried one mile, 1,544,730 ; average mile rate,
3.34 cents. Tons freight moved, 194,835 ; moved
one mile, 5,310,700 ; average ton-mile rate, 1.47
cents. Earnings ( passenger, $51,613 ; freight,
$77,789; other, $7,553), $136,955. Operating ex-
penses, $100,223. Net earnings, $36,732 ; other re-
ceipts, $449 — total, $37,181. Deductions: Interest
on bonds, $45,000; taxes, $6,34C — total, $51,346.
Deficit. $14,165 ; deficit forward, $456,2'i9 ; additions
for year, $10,&71— total, $481,305.
GENERAL BALANCE SHEET, June 30, 1902. —
Capital stock paid in ($3,200,000 auth.; $100
shares), $2,712,200; funded debt (1st 6s of Oct.
1, 1921), $750,000; current liabilities, $388,564; sub-
scription to stock for which no certificates were
Issued, $31,175— total, $3,881,939. Contra : Cost of
road, $3.348,942 ; equipment, $20,554 ; real estate,
etc., $4,124 ; bonds owned, $25,000 ; current assets,
$2,014 ; profit and loss, $481,305 — total, $3,881,939.
B. & O.'s INTEREST IN COMPANY. — The
Baltimore and Ohio RR. Co. owns $1,020,000 of the
capital stock and the entire $750,000 of bonds.
The authorized issue of bonds is $1,000,000.
DIRECTORS (elected Oct., 1902). — Wm. R.
Allen, Fincastle, Va. ; W. A. Anderson, Lexing-
ton, Va. , R. W. Burke, Staunton, Va. ; A. Leo
Knott, Thos. J. Shryock, L. F. Loree, H. G.
Vickery, Baltimore, Md. Officers: L. F. Loree,
Pres. ; C. W. Woolford, Sec. ; J. V. McNeal,
Treas. ; J. L. Kirk, Aud., Baltimore, Md. Office,
Staunton, Va.
J. H. Schiff....New York, N. Y.
John K. Cowen. .Baltimore, Md.
Ed. R. Bacon.. New York, N. Y.
S. M. Prevost, Philadelphia, Pa.
B. H. Harriman.New York.N.Y.
Jas. McCrea Pittsburgh, Pa.
James Speyer..New York, N. Y.
Chas. Steel "
2O. Board of Directors, B. d 0. RR. Co., elected November 18, 1902.
On part of Stockholders:
Samuel Rea. ..Philadelphia, Pa.
John P. Green
Norman B. Ream.. Chicago, 111.
Jas. Stlllman..New York, N. Y.
On part of State of Maryland (Wash. Br.) :
L. Victor Baughman Baltimore, Md. | Arthur P. Gorman Laurel, Md.
L. F. LOREE, President Baltimore, Md.
Oscar G. Murray, 1st V ice-President
Hugh L. Bond, Jr., 2d V ice-President
Geo. L. Potter, 3d V ice-President
C. S. Sims, General Manager
Secretary — C. W. Woolford Baltimore, Md. I Comptroller — H. D. Bulkley Baltimore, Md.
Treasurer — J. V. McNeal Baltimore, Md. | Asst. Compt.— Geo. W. Booth Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Central Building, Baltimore, Md.
BALTIMORE AND OHIO SYSTEM.— Controlled Roads Operated by Their Own
Organizations.
SHARPSVILLE RE. — Sharpsville, Pa., to Wilmington Junction, Pa., 17 m.:
branch at Sharpsville, Pa., 0.75 m. — total, 17.75 m.; total track (steel 14.65 m.), 21
miles. Gauge, 4 ft. '8% in. Rail, 56 and 60 Ibs.
History.— Chartered March 6, 1876; road opened in 1877. Placed in the hands
of a receiver on Jan. 20, 1897. Controlled by the Baltimore and Ohio RR. Co.. by
ownership of a majority of the capital stock.
Rolling Stock, June 30, 1902. — Locomotives, 3. Combination car, 1.
Operations, year ending June 30, 1902. — Trains run (mixed), 26,350 miles. Pas-
sengers carried, 8,492; carried one mile, 55,198. Tons freight moved, 116,136; moved
one mile, 1,891,780. Earnings (passenger, $2,972; freight, $20,324; other, $32,519), $55,-
815; other receipts, $7— total, $55,822. Operating expenses, $49,876. Net earnings, $5,-
946. Payments: Interest on debt, $22,278-; taxes, $1,712— total, $23,990. Deficit, $18,-
044; deficit forward, $60,735; other charges, $15— total, $78,794.
General Balance Sheet, June 30, 1902.— Capital stock ($50 shares), $350,-
000: current liabilities, $199,385.56— total, $549,385.56. Contra: Cost of road, $422,-
590.24; equipment, $26,856.19; cash and current assets, $20,721.79; sundries, $423.62;
profit and loss, $78,793.72 — total, $549,385.56.
Directors.— A. W. Black, W. M. Kennedy, J. W. Renner, E. B. Taylor, Pitts-
burgh, Pa., G. M. Mcllvain, J. J. Pierce, Sharpsville, Pa.; C. W. Woolford, Baltimore,
Md. OFFICERS: G. M. MclLVAiN, Receiver d 8upt., Sharpsville, Pa.; L. F. LOREE, Pres.;
68
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
W. M. Kennedy, Vice-Prea.; C. W. Woolford, 8cv.; J. V. McNeal, Trcas., Baltimore, Md.
GENERAL OFFICE, Shurpsville, Pa.
8TATEN ISLAND RAPID TRANSIT RY.— Elizabethport, N. J., to South Beach,
N. Y., 10.87 m.; 2d track, 9.58 m.; total track (steel; 70 Ibs.), 33.40 miles. Gauge, 4 ft.
8»/z in.
History. — Chartered July 31, 1899, as successor to the Staten Island Rapid Transit
RR. Co., whom property was sold under foreclosure on April 20, 1899. The company
took over the property for operation on An--;. 31, 1899. The company owns one-half
interest in The Kapid Transit Ferry Co., operating the ferries between the Battery and
Staten Island. The Baltimore and Ohio 11R. Co. owns 99.64 p. c. ($498,200) of the
capital stock of the company.
Rolling Stock, June 30, 1902. — bocomotives, 28. Cars — passenger, 88; freight,
(box, 5; flat, 8). 13; caboose, 2— total, 103.
Operations, year, ending June 30, 1902. — Train mileage — passenger, 323,040;
freight, 67,942; other, 128,517— total, 519,499 miles. Passengers carried, 4,071,099;
carried one mile, 16,202,974; average mile rate, 1.1255 cents. Tons freight moved,
1,598,888; moved one mile, 9,913,105; average ton-mile rate, 3.304 cents. Earnings —
passenger, $203,420; freight, $327,021; mail and express, $4,469; miscellaneous, $47,679—
total, ($53,644 per mile), $583,195. Operating expenses — maintenance of way, $58,578;
maintenance of equipment, $57,552; transportation, $188,330; general, $17,647 — total,
($29,725 per mile), $322,107. Net earnings (44.77 p. c.), $261,088. Deductions: Interest
on bonds, $160,000; interest on debt, $17,396; taxes, $24,800— total, $202,196. Surplus,
$58,892; surplus forward, $79,137 — total, $138,029. Deductions, $5,347. Surplus, June
30, 1902, $132,682.
' Statement of earnings, expenses, and fixed charges for seven years ending June 30 :
Gross Receipts. .
Operating Ex p. .
1896
1897
S
1898
$
]899
$
1900
*
1901
S
1902
$
764.455.65 648,315.91 680,286.21 693,596.94 557,731.77 519,368.83 583,195.00
416,543.48 392,323.75 375,653.67 401,858.71 284,761.12 278,234.37 322,107.00
Net Earnings 347,912.17 255,992.16 304,63254 291,738.23 272,970.65 241,134.46 261.088.C
Int.. Rents&Taxes. 321,467.13 328,448.14 327,242.35 354,569.o2 217,798.18 203,622.38 202.196.C
Balance, Surplus. 26,445.04 d. 72,455.98 d. 22,579.81 d. 62,831.29 55,172.47 37,512.08 58,892.00
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $500,-
000; funded debt (2d 4s of July 1, 1904, int. J. & J.), $2,500,000; real estate mort-
gages, $162,000; current liabilities, $543,257.84; accrued interest, $65,900.69; coupons
unpaid, $1,460; accrued taxes, $19,224.07; profit and loss, $132,682.68 — total, $3,924,-
525.28. Contra: Cost of road, $2,511,165; equipment, $182,095; securities of other
companies, $460,003.05; materials and supplies, $49,963.37; current accounts, $686,785.26;
cash, $34,513.60— total, $3,924,525.28.
There are outstanding $1,000,000 6 p. c. 30-yr. 1st mtge. gold bonds of Oct. 1, 1913, of
the old S. I. R. T. RR. Co. which are a prior lien on the property; but they are not a
debt of the present company, nor is it liable for them either as to principal or interest.
The 2d mtge. bonds are guaranteed as to interest by the Baltimore and Ohio RR. Co. and
that company has the option of purchasing them at any time on 30 days' notice at par
and accrued interest.
Directors. — L- P. Loree, C. W. Woolford, C. S. Sims, Baltimore, Md. ; Vernon H.
Brown, K. P. Emmons, Louis L. Stanton, W. H. Force, Lyman McCarty, P. H. Cassidy,
New York, N. Y. OFFICERS: L. F. LOREE, Pres., Baltimore, Md. ; C. S. Sims, Vice-
Pres., Baltimore, Md.; C. W. Woolford, Sec.; J. V. McNeal, Trees., Baltimore, Md.;
S. P. Kretzer, Asst. 8$c.; Edward Curry, Asst. Treas., New York, N. Y. GENERAL
OFFICE, Foot of Whitehall St., New York, N. Y.
STATEN ISLAND RY.— Tottenville to Clifton, N. Y., 12.65 m. ; 2d track, 10.02
m.; total track (steel; 56 Ibs.), 23.35 miles. Gauge, 4 ft. 8^ in.
History. — Successor, in April, 1873, to the S. I. RR. Co., whose property was sold
under foreclosure in Sept., 1872. Leased, July 31, 1884, to the Staten Island Rapid
Transit RR. Co., but that company failing to keep its agreements under the lease, the
operation of the road was resumed by this company on July 14, 1899. The Baltimore
and Ohio RR. Co. owns more than 54 p. c. ($569,850) of the capital stock of this
company.
Rolling Stock, June 30, 1902. — Locomotives, 4. Cars — passenger, 13; freight (box,
2; flat, 4), 6; caboose, 1 — total, 20. Also, 3 ferryboats.
Operations, year ending June 30, 1902. — Trains run (passenger, 164,205; freight,
7,980; other, 3,300), 175,485 miles. Passengers carried, 1,446,448; carried one mile,.
Railroad Map of New York.
American Bank Note Company
78 TO 86 TRINITY PLACE
[CA
NEW YORK
MMKNOTE NEWYORK11]
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
;f) WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
Poor's Manual— Railroad Map of the United States, 1903.
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NEW YORK.
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Railroad Map of New York.
POOR'S BUREAU
OF
Information and Investigation,
Conducted in connection -with and as an adjunct to
Poor's Manual of Railroads,
WILL FUKNI8H rPON ORDER
Detailed information relative to new or projected Railroads,
Analyses of Railroad and other reports,
Statistics of Steam, Electric, Cable and Horse Railways,
Advance information relative to Railroad reports, etc. ; or will make
Full and comprehensive investigations into Railroad mortgages, bonds, leases or
other contracts.
In a word, we propose to furnish information of any character coming within the scope
of this Bureau, but not contained in or within the province of our three annual publica-
tions, viz.:
POOR'S MANUAL, OF RAILROADS,
POOR'S HAND-BOOK ON INVESTMENT SECURITIES,
POOR'S DIRECTORY OF RAILWAY OFFICIALS and
MANUAL OF AMERICAN STREET RAILWAYS.
Subscribers to any of the above-named works may address their inquiries to us, and
a prompt reply will be mailed at a cost based upon the length of time occupied on the work.
Special attention will be given to the preparation of Historical Statements of existing
or defunct corporations ; to investigations into the value of old railroad bonds, and to the
preparation of statistical exhibits designed to show the value of railroad securities. Besides
this, investigations will be made at any time through official channels into the status of
new projects, and reports made thereon. Proceedings in foreclosure or reorganization will
be carefully followed, and all facts relating to such proceedings noted for reference.
It is believed that the establishment of this Bureau will prove of great benefit to t
subscribers for our annual publications, as it will enable them at a nominal cost to avail of
our unequalled facilities for the collection of news items relative to Railroad Invest-
ments or projects, besides securing the privilege of access to our Library, which contains
all reports and documents issued during the past half century.
Annual subscribers to this Bureau may call for whatever information they desire
daring the period of their subscription. Terms upon application. Address
JOHN P. MEANY, Manager,
68 William Street, New York, N. Y.
POOR'S MANUAL OF RAILROADS.
69
12,989,103. Tons freight moved, 33,703; ton-miles, 310,067. Earnings (passenger, $130,-
116; freight, $11,343; other, $26,411), $167,870. Operating expenses, $156,476. Net earn-
ings, $11,394; other receipts, $22,770 — total, $34,164. Payments: Interest on bonds,
$22,995; taxes, $11,544— total, $34,538. Deficit, $374; surplus forward, $14,188; addi-
tions during year, $2,861; surplus June 30, 1902, $16,675.
General Balance Sheet, June 30, 1902. — Capital stock ($75 shares), $1,050,000;
funded debt (1st 4y»s of June 1, 1943), $511.000; current liabilities, $37,185; accrued
liabilities, $1,916; profit and loss, $16,675— total, $1,616,776. Contra: Cost of property,
$1,536,708; cash and current assets, $80,068 — total, $1,616,776.
Directors. — L. F. Loree, C. W. Woolford, C. S. Sims, Baltimore, Md. ; George F.
Randolph, Lester W. Clark, P. H. Cassidy, P. H. Marshall, H. K. S. Williams, New
York, N. Y.; Wm. King, Perth Amboy, N. J. OFFICERS: L. F. LOREE, Pres., Baltimore,
Md. ; George F. Randolph, Vice-Prcs., New York, N. Y. ; C. W. Woolford, Sec., Baltimore,
Md. ; Edward Curry, Treas. & Asst. Sec.; C. S. Sims, Gen. Mgr., Baltimore, Md. ; George
J. Brown, And., New York, N. Y. GENERAL OFFICE, Foot of Whitehall St., New York, N.Y.
BUFFALO, ROCHESTER AND PITTSBURGH RAILWAY COMPANY.
(For map of this system, see page 71.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Description of 10 Guaranteed Bonds and Stocks 12 Profit and Loss Account 8
Directors and Officers 15 History 5 Proprietary and Leased Rail-
Earnings, etc., 1901 & 1902 7 Income Account, year 1901-02. 7 roads, Statements of 14
Earnings, etc., 1896-1902 3 Mileage Operated, June 30, Proprietary Interests 2
Funded Debt, Details of 11 1902 1 Rolling Stock, Details of 6
General Balance Sheet 9 Operations, Property, and Trackage Rentals 4
General Balances, 1896-1902. . 3 General Balances, 1896-1902. 3
1. Mileage Operated, June 30, 1902.— LINES OWNED (total, 284.29 .miles).
Buffalo Division: Buffalo Creek, N. Y., to Howard Junction, Pa 80.80 milea.
Johnsonburg and Bradford RR.: Howard Junction to Mt. Jewett, Pa 19.60
Pittsburgh Division : Clarion Junction to Lindsey, Pa 60.43
Rochester Division : Rochester to Ashford, N. Y 93.70
Charlotte Branch: Lincoln Park to Charlotte, N. Y 10.30
Silver Springs Branch: Silver Lake Junction to Silver Springs, N. Y 1.03
Coal Mine Branches: Beechtree Mine. 5.97 m. ; Eleanora Mine, 5.65 m. ;
Adrian Mine, 4.83 m. ; Walston Mine, 1.98 m. ; total 18.43
O. LEASED LINES (total, 87.45 miles).
Clearfield & Mahoning Ry. : Du Bois Junction to Clearfield, Pa 25.87
Mahoning Valley RR. : Stanley to Helvetia, Pa 1.89
Allegheny and Western Ry. : Lindsey to Butler, Pa 59.57
Allegheny Terminal Ry. : Allegheny City, Pa 0.12
D. TRACKAGE RIGHTS (total 100.34 miles).
Erie RR. : Mt. Jewett to Clarion Junction, Pa 20.76
Buffalo Creek RR. : Buffalo to Buffalo Creek, N. Y 1.92
Pennsylvania RR. : East Buffalo to Buffalo Creek, N. Y 1.96
A . Y. C. & H. R. RR.: Buffalo to East Buffalo, N. Y 1.09
N. Y. C. & H. R. RR.: Beech Creek Junction to Clearfield, Pa 0.47
Baltimore rf Ohio RR.: Butler to Allegheny City, Pa 40.90
Baltimore d Ohio RR.: Ribold Junction to New Castle, Pa 33.24
Total length of all lines operated, June 30, 1902.
Statement of track mileage, June 30, 1902:
472.08 miles.
Lines Owned . . .
Leased Lines
Trackage Rights .
Totals.
First
Track
Miles
284.29
87.45
100.34
472.08
Second
Track
Miles
17.00
74.33
91.33
Side
Track
Miles
165.16
35.16
200.32
Total
Track
Miles
46645
122.61
174.67
Steel
Rail
Miles
122.61
174.67
753.73
Gauge, 4 ft. Sy2 in. Rail — iron (10 miles, in sidings, owned), 54 IDS; steel, 60 to 100 Ibs.
70
POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
i2. Proprietary Interests.— The Johnsonburg and Bradford RR. is wholly owned
by the Buffalo, Rochester and Pittsburgh Ry. Co., although a nominal corporate exist-
ence is maintained for it (see statement in Sec. 14). All of its stock and bonds are
deposited in trust as part of the security for the B., R. 4, P. Ry. Co. general mortgage
bonds. The Buffalo, Rochester and Pittsburgh Ry. Co. owns all the capital stock of
the Rochester and Pittsburgh Coal and Iron Co., and through such ownership control*
the Jefferson and Clearfleld Coal and Iron Co. Statements for the coal and iron com-
panies will be found elsewhere in the MANUAL (see GENEBAL INDEX — MISCELLANEOUS
CORPORATIONS).
3. Statement of operations, mileage, equipment and general balances for seven
years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles Road Operated (aver. )
339.66
338.66
335.95
337.68
405.16
472.08
472.08
Passenger Train Mileage
530,017
537.351
547,026
541.083
744.250
962,471
917.336
Freight Train Mileage
1.748,367
1,653,582
1,894,566
1,884,650
2,150.625
2,127856
2,352,747
Mixed Train Mileage
16,666
11,884
7.2%
7512
9018
31,028
43.412
Total llevenue Train Mileage.. . .
2,295,050
742,102
2,202,817
714,827
2,448,888
733,208
2.433,245
772.871
2.903.893
901.425
3,121,355
1,002,677
3,313.495
1,052,308
Passenger! Carried One Mile
16,055.899
15.374,634
16,255,160
17 095.220
23,454,594
34,360,229
41512,964
Tons Freight Moved
3,775,504
4,373,188
5.874,173
6.247 910
6,641 744
6 771,047
6,934,359
Tons Moved One Mile
542,557063
575,169.465
734,471,656
770,285.887
904,350,661
875,637 083
1.015,032,236
Earnings — Passenger
I
346,078
$
328,540
347.869
$
357807
8
493.518
i
711,232
844,816
Freight
2.595.678
2,764.589
3,104411
3,178,442
4,215276
4,783,954
5,127179
Other . . .
200,132
218,637
231.310
252,208
283,353
308.507
320,589
Gross Traffic Earnings
3,141,888
3,311,766
3683.590
3,788.457
4,992,147
5.803,693
6292,584
Operating Expenses
2 200,716
2,253,454
2366.415
2,441 394
2,888,610
3.277,177
3,632,005
Net Traffic Earnings
941,172
1,058,312
1.317,175
1347,063
2,103.537
2,526.516
2,660.579
Other Receipts ...
37,888
35,510
22,514
13,512
19988
26,926
20,662
Net Income
979060
1,093,822
1,339,690
1,360,575
2123.525
2.553,442
2,681241
Payments — Interest
649761
645.482
670,231
668,441
683.321
710.158
731.472
Rentals
127460
120,665
121,981
127964
303,114
473.726
476,251
Taxes.
63,642
76.704
62,303
70.500
102.000
102,000
102.000
120,000
120000
240,000
360000
360.000
120000
240000
Other
20.553
20,084
132,854
103.719
160406
81.976
130.815
Balance (-)- or — )
4 117. 644
4230,887
+232,321
4-269,951
-f 634,684
+705,582
4034,703
Gross Earnings per Mile
9.250.01
9,779.02
10,964.70
11.208.45
12321.29
12,293.88
13,329.49
Operating Ex|>enses per Milp
647917
6,654.03
7,043.93
7.223.06
7.129.55
6.941.99
7,693.62
Net Earnings per Mile
Expenses to Earnings
2,770.84
70 05 p. c.
3124.99
69.05 p.c.
3,920.75
64.24 p. c.
3,985.39
64. 44 p.c.
5.191.87
57.84 p.c.
5.351.89
56.47 p. c.
5,635.87
57. 72 p.c.
Aver. Rate per Pass, per Mile . . .
2 18 c.
2.16c.
2.16c.
2.12c.
2.12c.
2.07 c.
2.035 c.
Aver. Rate per Ton per Mile
047c.
0.48 c.
0.42c.
0.41 c.
0.47 c.
0.55 c.
0505c.
Miles Road Owned
28570
284.70
281.99
28372
284.29
284.29
284.29
Miles Track Owned
40598
412.62
419.74
432.70
436.64
453.49
46645
Miles Steel Rail Owned
28570
284.70
394.74
417.70
426.64
443.49
456.45
Ijocomotives.
138
132
142
164
162
177
185
Passenger and Baggage Cars
Freight and Other Cars
54
7439
.53
7300
53
7509
53
8018
67
9,158
79
10,359
79
11,119
Capital Stock . .
$
12000000
S
12000000
I
12000000
1
1' 000 000
1
12000000
$
12000000
S
12000.000
Funded Debt
Accrued Liabilities
10,968 500
137677
ll'S27,500
135640
12,080,000
136847
12,071,000
136772
12,462,000
100525
13,336.000
167.475
13,882.000
216.832
Current Liabilities
1 3'S 927
552709
449 7K>
324060
693,024
712,632
740,190
Insurance Fund.
77.117
Profit and Loss
185428
416 315
588 636
858587
I 184,563
1 389867
1 303,349
Total Liabilities
24620532
24,932,164
25,264 199
25,390.419
26.500,112
27.605.974
(79,488
Road and Equipment
20983 100
21 087 970
21 760 606
22 121 755
22 449 0%
23 441.848
24,038.328
Proprietary Roads. .
1 503 775
1 511 820
1 517 949
1 519 391
1 519 391
1,519,391
924,212
Investment. R. A P.C. 4 I. Co
Insurance Fund Assets
1.003,671
1,003,671
1.003.671
1,003,671
1,003,671
1,003671
1.003.071
77.117
Materials on Hand
245814
297889
332024
355553
410 873
546862
609,633
Cash and Current Assets
884 112
1030814
649949
390049
1 117081
1,094.202
1,026,527
Total Asset*
24,620532
24 932 164
25264 199
25 390 419
26500 112
27 605 974
28,279,488
&&S
MAP OF THE .
BUFFALO, ROCHESTER
AND PITTSBTJRG
RAILWAY.
n
72 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC OHOUP.
4. Trackage Rentals.— For the use of the line from Butler to New Castle the
company pays a yearly rental equivalent to 5 per cent, on one-half the cost tin-rent',
besides a wheelage proportion of the cost of maintenance and operation ; and for the
use of the line from Ribold Junction to Allegheny City it pays a fixed rate per car.
For the use of the tracks of the Erie RR. between Mount Jewett and Clarion Junction
the company pays a yearly rental of $30,169.43, besides a wheelage proportion of the cost
of maintenance and operation.
5. History.— Consolidation, March 11, 1887, of the Buffalo, Rochester and Pitts-
burgh RR. Co. and the Pittsburgh and State Line RR. Co., corporations chartered
respectively in New York and in Pennsylvania, in pursuance of the plan for the reorgani-
zation of the original Rochester and Pittsburgh Ry. Co. A sketch of the history of the
system, brought down to the date of the consolidation, is in the MANUAL for 1887, on pages
125 and 126, and in subsequent editions later developments are recorded.
Indiana Branch. — By a circular, dated July 23, 1902, the stockholders were advised
that, for the purpose of reaching coal lands which have been acquired and are being
developed in the interest of the Rochester and Pittsburgh Coal and Iron Co. and of the
Jefferson and Clearfield Coal and Iron Co., the board of directors had resolved to issue,
at par, $1,300,000 additional common capital stock. The proceeds of $800,000 of this
stock will be used to pay for the construction of a branch 28 miles long from a point
on the main line near Punxsutawney to Ernest, Indiana County, Pa., leaving $500,-
000 for future extensions. Since then it has been thought advisable to further extend
the system, about 34.6 miles, to reach coal lands near Vintondale, Pa., controlled by
the Lackawanna Steel Co. of Buffalo. Of this additional extension, 16.6 miles, to Black
Lick Station on the Indiana Branch of the Pennsylvania RR., are to be constructed by
this company, at an estimated cost of $560,000; and an agreement has been entered
into with the Pennsylvania RR. Co. for trackage over the remaining 18 miles, from
Black Lick to Vintondale. It is expected that the branch will be completed in 1903.
Contract for Use of Beech Creek Extension. — By a traffic contract entered into in
1902, and to endure for 25 years, this company has the right to use the Beech Creek
Extension RR. of the New York Central System as another outlet for the interchange
of traffic of all kinds with the Reading System. The Beech Creek Extension is a line
of easy grades from Clearfield via Keating, Pa., to a connection with the Philadelphia
and Reading Ry.
6. Rolling Stock, June 30, 1902. — Locomotives, 185. Cars — passenger, 58; cafe, 2;
chair, 2; baggage, 14; milk, 3; freight (box, 1,741; stock, 8; refrigerator, 5; flat, 328;
gondola, 8,669), 10,751; service, 368— total, 11,198. Of this equipment, 60 locomotives,
18 passenger coaches, 4 baggage cars, 150 box cars, 100 coke cars, 4,450 gondola cars and
50 ballast cars are covered by car trust, while 36 locomotives, 12 passenger cars, and
1,395 freight cars are leased.
7. General Income Account, year ending June 30, 1902.
KarBlBgs— Passenger $844,81596
Freight 5,127,179 33
Mail and Express 68,05088
Miscellaneous 252,53764
Total ($13,329.49 per mile) $6,292,583 81
Expenses— Maint. of Way and Struct.. $534,642 06
Maintenance of Equipment. 835,267 00
Conducting Transportation. 2,121,874 12
General Expenses 140,221 54
Total ($7,693.62 per mile) $3,632,00472
Net 'earnings (42.28 p. c.), $2,660,579.09; other receipts, $20,662.31— total. $2.681,-
241.40. Payments: Interest on bonds (mortgage bonds,* $552,461.66; debenture bonds,
$45,000; real estate mortgages, $15.241.60; car trusts, $24,141.68; equipment trusts,
$94.627.50), $731,472.44; rentals accrued, $476,250.90; interest on balances, etc., $259.27;
taxes, $102,000; equipment agreement, sinking fund (series A, $25,000; series B, $50,000;
series C, $21,993.82). $98,993.82— total, $1,406,976.43. Net income, $1,274,264.97. I)e-
•Thls item Includes interest on three issues of R. & P. RR bonds, on the gen. mtge. bonds of the
B.. R. & P. Ry. and on the bonds of the Perry RR. and of the Lincoln Park £ Charlotte RR.
POOR'S MANUAL BUFFALO, ROCHESTER AND PITTSBURGH SYSTEM. 73
ductions: Extraordinary expenses and improvements, $39,561.75; special appropriations
for construction and equipment (including $128,000 car trust bonds paid off during the
year), $544,000— total, $583,561.75. Surplus of income, $690,703.22.
8. Profit and Loss Account, June 30, 1902.— Credit : Surplus to June 30,
1901, $1,389,866.95; surplus of income for year, $690,703.22; dividend on $4,000,000 II.
& P. C. & I. Co. stock, $100,000; premium on sale of $20,000 gen. mtge. bonds, $3,050 —
total, $2,183,620.17. Debit: Dividends on preferred stock, Nos. 15 and 16 (6 p. c.),
$360,000; dividends on common stock, Nos. 2 and 3 (4 p. c.), $240,000; construction
disbursements in excess of special appropriations for the year, $220,271.43; surplus June
30, 1902, $1,363,348.74— total, $2,183,620.17.
9. General Balance
Cost of Road $17,872,795 27
Cost of Rolling Stock 6,765,532 66
Cost of Johnsonburg & Bradford RR. 924,211 C6
Advances to Clear. & Mahoning Ry... 14,958 57
Advances on Indiana Branch Pending
Issue of Securities 98,250 95
Stock R. & P. Coal and Iron Co 1,003,670 50
Assets In Insurance Fund 77,117 28
Materials and Fuel on Hand 609,632 78
Due by Agents and Conductors 531,125 67
Bills Receivable 47,00000
Due from Individuals and Companies 249,491 75
Unexpired Insurance 11,92528
Cash 73,77528
Sheet, June 30, 1902.
Common Stock ($100 Shares)
Preferred Stock ($100 Shares)
Funded Debt Outstanding (Sec. 11)..
Advances by Leased Roads
Insurance Fund
Interest Accrued, not yet Payable —
Sinking Funds Accrued, not due
Rentals Accrued, not due
Accrued Taxes
Pay Rolls and Vouchers due in July.
Due to Individuals and Companies..
Profit and LOSJ (Surplus)
$6,000,000 00
6,000,000 00
13,882,000 00
28,427 96
77,117 28
146,087 42
31,340 45
25,852 15
13,551 93
666,424 05
45,337 67
1,363,348 74
Total Assets $23,279,487 65 Total Liabilities $28,279,487 65
10. Capital Stock. — The authorized capital stock is $15,000,000 in $100 shares, $6,000,000
of it being preferred stock and $9,000,000 of it common stock. As shown by the general balance
sheet, all the preferred and $6,000,000 of the common stock were outstanding on June 30, 1902. On
July 1, 1902, $1,000,000 common stock was issued in exchange for the convertible debenture bonds
(see Sec. 11), and between that date and March 1, 1903, $1,300,000 additional common stock was
Issued to provide for the construction of the Indiana Branch (see Sec. 5), so that the amount of
common stock now outstanding is $8,300,000. Preferred stock has priority over common stock for
non-cumnlative dividends up to the rate of 6 p. c. per annum, out of the net earnings of each
calendar year, and after 6 p. c. on both classes of stock shall have been paid for any such year,
further dividends shall be for the equal benefit of both common and preferred stock.
11. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $13,882,000, as
per general balance sheet — consisted of the several issues of bonds listed in the following statement
Additional particulars respecting any issue will be found in the paragraph relating thereto sub-
joined to the statement :
$1,300,000 R. & P. RR. 1st gold 6s of Feb. 1, 1921.
5,000 R. & P. RR. 2d income 6s of Feb. 1. 1921.
3,917,000 R. & P. RR. consol. 6s of Dec. 1, 1922.
4.427,000 B. R. & P. Ry. gen. 5s of Sept. 1, 1937.
1,000,000 Debenture 4s, retired July 1, 1902.
405,000 Car Trust 5s, payable 1902 to 1908.
$500,000 Equip Series A gold 4Js of May 1, 1919.
1,000,000 Equip. Series B gold 4*s of May 1, 1920.
674,000 Equip. Series C gold 4|s of May 1, 1921.
304,000 Real Estate 5s of various dates.
350,000 L. P. & C. 1st gold 5s of Jan. 1, 1939.
First Mortgage Gold Bonds, R. & P. Ry. — Secured on the line from Rochester to Salamanca,
N. Y., 108.41 miles.
Second Mtge. Bonds, R. & P. Ry. — Secured on the same property as the 1st mtge. bonds, but
subject In lien thereto. The total amount of bonds Is $1,870,000, of which the company holds $1,000
and the trustee $1,864,000. The lot held by the trustee was exchanged for consol. mtge. bonds,
and further consol. mtge. bonds amounting to $3,000 are held for the $5,000 outstanding bonds and
the $1,000 held by the company.
Consol. Mtge. Gold Bonds. — Limited in Issue to $20,000 per mile of completed road. The
mileage of the company would permit the issuing of $5,220,000, but bonds amounting to $1,300,000
are reserved for the retirement of $1,300,000 1st mtge. bonds, and $3,000 for the retirement of
$6,000 2d mtge. income bonds outstanding on the Rochester Division.
General Mortgage Gold Bonds. — Secured upon the entire property of the company and by deposit
of stock of R. & P. Coal & Iron Co. and stock and bonds of Johnsonburg £ Bradford RR. Co. Total
amount authorized, $10,000,000 ; of which bonds amounting to $1,300,000 are reserved for the
retirement of R. & P. 1st mtge. bonds, due in 1921, and $3,920,000, for the retirement of consol.
mtge. bonds, due in 1922 — a total of $5,220,000 of gen. mtge. bonds reserved to retire prior bonds.
The remaining $353,000 of gen. mtge. bonds (Nos. 9,648 to 10,000) are held to provide means for
building a line from Mt. Jewett to Johnsonburg, Pa. The bonds reserved for the retirement of prior
liens can be certified by the trust company, and issued only as an equal amount of the bonds to bo
retired are cancelled and delivered to the Union Trust Co. The present outstanding car trusts were
created later than the date of the general mortgage, and are not provided for In that mortgage.
Debenture Bonds. — In 1897 debenture bonds to the amount of $3,000,000 were authorized, for
the purpose of paying loans for construction and equipment, and to provide for similar requirements
In the future. The $1,000,000 listed in the preceding statement were issued as of Jan. 1, 1897, and
were to mature on Jan. 1, 1947. Originally the rate of Interest was 6 p. c. per annum, but It was
reduced to 5 p. c. per annum as from Jan. 1, 1901, and to 4 p. c. per annum as from Jan. 1, 1902,
provision being made in connection with the last reduction for the conversion of the debentures into
common stock at par. The conversion was made on July 1, 1902, and the $1,000,000 debentures
were cancelled. The remaining $2,000,000, if issued, will bear interest at the rate of 4 p. c. per
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
annum, and will be convertible Into common stock at par. Or the company may redeem them on
any Jan 1 or July 1. upon twelve weeks' notice, at 1021 p. c. and accrued Interest. It Is provided
that the debenture bonds shall be secured by any subsequent mortgage except If made for the pur-
pose of retiring existing prior liens or of providing for extensions
Gar Trutt Certificates. — These are In five series as follows: No. 10. $47,000, balance of $470.-
000 Issued June 1. 1892. payable June 1. 19O2 ; No. 11, $44,000, balance of $225,000 Issued March
1 1894 payable $22.000 yearly to March 1, 1904 ; No. 12. $80,000, balance of $200,000 issued
March i 1895. payable $20,000 yearly to March 1. 1905; No. 13, $72,000. balance of $114,000
issued June 1, 1897, payable $12,000 yearly to June 1, 1907 ; and No. 14, $162,000, balance of
$270 000 issued Dec. 1, 1897, payable $27,000 yearly to Dec. 1, 1907. Interest payable June 1 and
Dec. 1, by A. Iselin & Co., 36 Wall St., New York, N. Y. Principal and Interest payable in gold.
Equipment Bonds, Series A. — Secured on 500 wooden and 150 steel coal cars. There is a sink-
ing fund of 6 p. c. per annum, payable May 1, to be invested in bonds of this series if they can be
purchased at or under par, otherwise in the purchase of additional equipment as a further security
for the bonds. All bonds purchased are to be immediately cancelled.
Equipment Bonds, Series B. — The bonds are secured on equipment of a value of 10 p. c. in
excess of the amount of bonds issued. There is a sinking fund of 5 p. c. per annum, payable May 1.
for the purchase for cancellation of bonds of this series if they can be bought at or under par and
accrued interest, otherwise for the purchase of additional equipment as a further security for the
bonds outstanding.
Equipment Bonds, Series C. — Secured on equipment of a value 10 p. c. In excess of the amount
of bonds issued. Authorized issue, $1,000,000. There is provision for a sinking fund equal to 5
p. c. per annum on the bonds issued, to be paid over to the trustee on the 1st of each Nov. and to
be invested in bonds of this series at or under par ; otherwise this fund, or any unused balance, is
to be applied to the purchase of rolling stock to be pledged as additional security for the bonds
outstanding.
Lincoln Park and Charlotte Bonds. — Secured by first mortgage on the Lincoln Park and Char-
lotte RR., 10.3 miles. Principal and interest guaranteed by the B., R. & P. Ry. Co.
12. Guaranteed Bondn and Stocks. — The company guarantees by endorsement the pay-
ment of the principal and interest of $2.000,000 ($2,500,000 auth.) 1st mtge. 4 p. c. gold bonds of
the Allegheny and Western Ry. Co., and of $650,000 1st mtge. 5 p. c. bonds of the Clearfleld and
Mahoning Ry. Co., besides guaranteeing the payment of dividends at the rate of 6 p. c. per annum
on $3,000,000 ($3,500,000 auth.) capital stock of the Allegheny and Western Ry. Co. and on
$750,000 capital stock of the Clearfleld and Maboning Ry. Co.
14. PROPRIETARY AND LEASED RAILROADS OF THE B., R. & P. RY. Co.
ALLEGHENY AND WESTERN RY.—
Lindsey to Butler, Pa., 59.57 m. ; total track
(steel ; 70 and 100 Ibs.), 73.46 miles.
ROUTING STOCK. — Locomotives, 25. Cars —
passenger, 8 ; baggage, etc., 4 ; freight, 996.
HISTORY. — Consolidation, Jan. 22, 1898, of the
Jefferson and Allegheny Ry. Co. and the Alle-
gheny and Western Ry. Co. (See Manual for
1S9!», page 91.) The road was completed Sept. 4,
1899. and was taken over for operation by the
B., R & P. Ry. Co. on Jan. 1, 1900, under a lease
for the full term of its corporate existence. The
lessee guarantees the bonds, both as to principal
and interest, and guarantees dividends on the
stock at the rate of 6 p. c. per annum, such
dividends being payable on the 1st of Jan. and
July, in gold, free of all taxes, at the office of
the B., R. & P. Ry. Co., in New York, N. Y. The
guaranty is endorsed on each bond and on the
face of each stock certificate.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in ($3,500,000 auth.; $100 shares),
$3.000,000; funded debt (1st 4s of Oct. 1. 1998).
$2,000,000; accounts, $20,000 — total, $5;020,000.
Contra : Cost of road, $3,835,571 ; equipment, $972,-
194 ; cost, Allegheny Terminal, $163,807 ; accounts,
$48,428 — total, $5,020,000.
FUNDED DEBT. — The authorized Issue of
bonds is $2,500,000, of which $500,000 can be issued
only for the construction of a line from Butler
to New Castle.
CORPORATE OFFICERS. — C. H. McCauley,
Pres., Ridgway, Pa. ; Arthur O. Yates, Vice-
Pres., Rochester, N. Y. ; John G. Whltraore, Sec.,
Ridgway, Pa. ; C. O'D. Iselin, Treas., New York,
N. Y. ; John F. Dinkey, Asst. Treas. & Aud.,
Rochester, N. Y. Offices, Rochester, N. Y., and
Ridgway. Pa.
ALLEGHENY TERMINAL RY. — In city of
Allegheny, Pa., 0.12 m. ; total track (steel; 70
Ibs.), 0.24 mile.
HISTORY. — Chartered July 28, 1899; road
opened Sept. 4, 1899. Operated by the B., R. & P.
Ry. Co.
FINANCIAL STATEMENT. — Capital stock
(owned by the Allegheny and Western Ry. Co.),
$150,000; unfunded debt. $13,807 — total, represent-
ing cost of road, etc., $163,807.
CORPORATE OFFICERS. — C. H. McCauley,
Pres., Ridgway, Pa. ; John F. Dinkey, Treas. &
Aud., Rochester, N. Y. ; J. N. Atwell, Jr., Sec..
Ridgway, Pa. Offices, Rochester, N. Y., and
Ridgway, Pa.
CLEARFIELD AND MAHONING RY
Du Bois June., to Clearfleld, Pa., 25.87 m. ; total
track (steel ; 60, 70 and 80 Ibs.), 41.55 miles. Lo-
comotives, 10.
HISTORY. — Chartered May 31, 1892. Built un-
der an agreement dated May 10, 1892, between the
B., R. & P., the P. & R. and the N. Y. C. & H.
R. RR. Cos. Completed in May, 1893 ; opened
June 30, 1893. Leased in perpetuity, Jan. 3, 1893,
to the B., R. & P. Ry. Co., the lessee guarantee
ing the bonds, principal and interest, and also C
p. c. per annum on stock, all payments to be
made in gold. The guaranty is endorsed on the
bonds and on the stock certificates.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $750.000; funded debt (1st 5s
of Jan. 1, 1943), $650,000; unfunded debt. $14,959 —
total, representing cost of road, etc., $1,411,959.
CORPORATE OFFICERS. — Jeremiah .M.
Grosh, Pres. ; John G. Whitmore, Sec., Ridgway,
Pa. ; John F. Dinkey, Treas., Rochester, N. Y.
Offices, Rochester, N. Y., and Ridgway, Pa.
JOHNSONBDRG AND BRADFORD RR.
— Howard June, to Mt. Jewett, Pa., 19.6 m. ; total
track (steel ; 60, 70, and 80 Ibs.), 27.43 miles.
HISTORY. — Chartered Nov. 15, 1887; opened
June 1, 1893. Owned by the B., R. & P. Ry. Co.
BALANCE SHEET, June 30, 1902. — Capital
stock, $420,000; funded debt (1st 40- yr. 5s of 1934),
$420,000; unfunded debt, $84,212 — total, represent-
ing cost of road, etc., $924,212. The stock and the
bonds are deposited as collateral to the gen. mtge.
bonds of the B., R. & P. Ry. Co.
CORPORATE OFFICERS. — C. H. McCauley,
Pres. ; John G. Whitmore, Sec., Ridgway, Pa. ;
John F. Dinkey, Aud. & Treas., Rochester, N. Y.
Offices. Rochester, N. Y., and Ridgway. Pa.
MAHONING VALLEY RR Helvetia to
Stanley, Pa., 1.89 m. ; total track (steel ; 60 Ibs.),
3.40 miles.
HISTORY. — Chartered Oct. 14. 1890; road
opened Jan. 15, 1891. Leased in perpetuity, May
1, 1S96, to the Buffalo, Rochester and Pitts. Ry.
Co., at an annual rental of $15,000.
ROLLING STOCK. — Locomotive, 1. Cars —
freight (box, 2; coal, 397), 399.
INCOME ACCOUNT. — Rental, year ending
POOR'S MANUAL CENTRAL NEW ENGLAND RY. CO.
75
June 30, 1902, $15,000 ; expenses and taxes, $13,135 ;
net income, $1,865. Paid dividends (4 p. c.). $1,-
865.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $45,000; accounts, $218,915;
profit and loss, $2,500 — total, $266,415. Contra:
Cost of road, etc., $259,152; accounts, $7,263 —
total, $266,415.
CORPORATE OFFICERS. — C. H. McCauley,
Pres. ; John G. Whitmore, Sec.. Ridgway, Pa. ;
John F. Dinkey, Treas., Rochester, N. Y. Offices,
Rochester, N. Y., and Ridgway, Pa.
15. Board of Directors, B., R. d P. Ry. Co., elected 'November 17, 1902.
A. Iselin. Jr... New York, N. Y.
W. G. Oakman.
Aug. Richard. . "
J. H. Hocart...
Oscar Geisch...New York, N. Y.
H. I. Barbey..
W. E. Roosevelt "
Ernest Iselin.. " "
W.H.Peckham.New York, N. Y.
J. K. Todd....
C. O'D. Iselin..
J. L. Riker....
Arthur G. Yates Rochester, N. Y.
AKTHUB G. YATES, President Rochester, N. Y.
Adrian Iselin, Jr., V ice-President New York, N. Y.
Sec,dAsst.Treas. — J. H. Hocart.. New York, N. Y. Treax. & Aud. — John F. Dinkey.. Rochester, N. Y.
PRINCIPAL OFFICE AND ADDRESS Rochester, N. Y.
Financial Office 36 Wall St., New York, N. Y.
CENTRAL NEW ENGLAND RAILWAY CO.
1. Line Of Road Owned.— Campbell Hall, N. Y., to Silver Nails, N. Y . 57.60 milea.
LEASED/ Hartford and Conn. Western RR. (see appended statement) 109.75 "
LINES : \ Dutchess County RR. : Poughkeepsie to Hopewell June., N. Y 12.40 "
TRACKAGE: Xewburgh, Dutchess d Conn. RR.: Conn. Line to Millerton, N.Y. 125.00 "
Total length of lines operated (including Poughkeepsie Bridge) 181.00 miles.
2d track, 4.60 m.; sidings (owned, 15.80 m.), 43.33 miles. Gauge, 4 ft. 8% in. Rail
(steel), 80 Ibs.
2. History. — Chartered Jan. 12, 1899, as successor to the Philadelphia, Reading
and New England RR. Co., and took possession of the property on Jan. 23, 1899. (See
MANUAL for 1899, page 731.)
3. Rolling Stock, June 30, 1902. — Locomotives, 35. Cars — passenger, 23; baggage,
mail, and express, 11; freight (box, 122; flat, 25; stock, 1; coal, 210), 358; service cars,
29— total cars, 421.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 317,881 ;
freight, 153,174; mixed, 51,075; other, 119,158 — total, 644,288 miles. Passengers car-
ried, 590,569; carried one mile, 8,574,297; average mile rate, 2.43 cents. Tons freight
moved, 323,112; moved one mile, 21,767,935; average ton-mile rate, 1.45 cents.
EARNINGS. 1900-01 1901-02 EXPENSES. 1900-01 1901-02
Maint. Way & Structures. . .$148,463 52 $125,470 02
Passenger $205,969 00 $208,136 51
Freight 439,776 65
Mail and Express 30,99671
Miscellaneous 26,31628
Totals $703,058 64
Averages por Mile 3,88430
315,559 61
31,558 63
28,582 80
$583,837 55
3,167 00
Maintenance of Equipment. . 90,132 77
Conducting Transportation.. 259,914 54
60,003 33
216,300 11
General Expenses. 36,59251 34,47599
Totals .. ...$535,10334 $436.24945
Averages per Mile 2,956 37 2,366 42
Net earnings, 1901-02 (25.28 p. c.), $147,588.10; other receipts, $10,127.88— total,
$157,715.98. Payments: Interest on funded debt, $32,500; other interest, $350; taxes,
$41,550.68; rentals (leased lines), $78,289— total, $152,689.68. Surplus, $5,026.30; sur-
plus forward, $55,108.60— total, $60,134.90.
5. General Balance Sheet, June 30, 1902.
Cost of Road $12,426,20641
Cost of Equipment
Stock? of Other Companies
Materials and Supplies
Betterments, H. & C. W. RR
Construction, H. & C. W. RR
Current Accounts
Cash on Hand
366,612 SO
900,063 00
50,246 31
417,390 90
386,721 94
82,571 49
39,218 96
Common Stock ($100 shares) $3.450.00000
Preferred Stock ($100 shares) 3.150,00000
Funded Debt Outstanding 7,900,000 00
Loans and Bills Payable 7,000 00
Current Liabilities 77,02334
Accrued Interest 13,641 65
Accrued Rentals 11,331 42
Profit and Loss 60,134 90
Total Assets $14,669,031 31 Total Liabilities $14,669,031 31
«. Capital Stork. — A majority of the capital stock, consisting of $2,605,000 common stock
and $700,000 preferred stock, is to be held in a voting trust for ten years, or until interest of 4 p. c.
per annum is paid on the gen. mtge. bonds for two successive years, or until those bonds are made
to bear a flxeo>rate of interest. The preferred stock is entitled to non-cumulative dividends at the
rate of 4 p. c. per annum before any dividend can be paid on common stock.
76
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
1st gold 5s of Feb. 1, 1019. The
authorized issue is $1,250,000, but $600,000 of the
7. Funded Debt — The funded debt outstanding on June 30, 1902 — total, $7,900,000 as per
general balance sheet — consisted of the following issues :
f7,2BO.OOO gtn. gold 5s of Feb. 1, 1949. The
general mortgage is a second lien on the prop-
erties covered by the first mortgage. Interest "ii
the bonds is payable only if earned, but it Is
provided that a fixed rate of interest may be
established at the option of the company, with
the consent of the voting trustees during the
continuance of the voting trust, and thereafter
with the consent of the holders of a majority of
the bonds. The mortgage may be increased to
$8,500,000. but if so. the additional $1.250.000 must
remain with the trustees, to be issued only on
surrender of 1st mtge. bonds.
the voting trustees, during the continuance of
the voting trust, and thereafter only for the ac-
quisition of new property. The bonds are re-
deemable at any time after Feb. 1, 1904, at 106
I-. < . and accrued interest. The mortgage secur-
ing them is a prior lien upon all the property of
the company, and has the additional security of
the leases and stock of subsidiary lines and the
securities of lines constructed from the proceeds
of bonds secured by the same mortgage.
8. RAILROADS LEASED BY THE CENTRAL NEW ENGLAND RY. Co.
DUTCHESS COUNTY HR — Poughkeepsie
to Hopewell June., N. Y., 12.4 in. ; total track
(steel ; 60 to 70 Ibs.), 13.49 miles.
HISTORY. — Chartered April 19, 1890; road
opened May 8. 1892. Leased to the Central New
England Hy. Co. at a rental of $100 per annum,
the interest on the bonds at the rate of 4J p. c.
per annum and taxes. £
FINANCIAL STATEMENT. — Capital stock
($100 shares), $300,000. Funded debt (1st cold 4Js
of June 1, 1910, int. J. & D., $350,000. Cost of road
and equipment, $660,000.
CORPORATE OFFICERS. — John V/. Brock,
Pres. ; Clyde A. Heller, Sec. & Treas., Philadel-
phia, Pa. Office, 255 Main St., Poughkeepsie,
N. Y.
HARTFORD AND CONNECTICUT
WESTERN RR. — Hartford, Conn., to Rhine-
cliff, N. Y., 109.75 m. ; Tariffvllle, Conn., to Mit-
tineague, Mass., 14.35 m. — total, 124.10 m. ; total
track (steel, 124.10 m.), 146.06 miles. Rail, 60
ttnd 85 Ibs.
HISTORY. — Chartered March 31. 1881. as suc-
cessor to the Connecticut Western RR. Co., whose
property had been in the hands of the State
Treasurer as trustee since April 27, 1S80. (See
Manual for 1890, page 30.) Leased to the Central
New England Ry. Co. for a period ending Aug.
30, 1940, at a yearly rental of the interest on the
bonds and 2 p. c. on capital stock.
INCOME ACCOUNT. — Rental, year ending
June 30, 1902, $62,439. Payments: Interest on
bond.3, $35,000; dividends (2 p. c.), $26,394; taxes.
$1,045 — total, $62,439.
BALANCE SHEET, June 30, 1902.— Capital
stock, $2,712,800; funded debt (1st 5s of July 1,
1903), $700,000; convertible bonds, $7,200; un-
funded debt, $406,441 — total, $3,826,411. Contra:
Cost of road, etc., $3.686,922; all other assets.
$139.519— total, $3,826,441.
The " convertible bonds " represent the amount
of the Connecticut Western bonds which have not
yet been converted into the stock of the Hartford
and Connecticut Western RR. Co.
CORPORATE OFFICERS. — J. H. Appleton.
Pres., Springfield, Mass. ; Edward R. Beardsley,
Sec. & Treas., Hartford, Conn. Office, Hartford,
Conn.
Arthur Brock Lebanon, Pa.
H. O. Seixas..New York, N. Y.
C. W. Chapln..
C. A. Heller... Philadelphia, Pa.
J. F. Sinnott.
J. W. Brock.. " "
9. Board of Directors, Central New England Ry. Co., elected November 5. 1902.
D. A. Geraty. .Hartford, Conn.
J.K.O.Sherwood..New York.N.Y.
J.H. Appleton . Springfield, Mass.
James A. Rumrill Springfield, Mass. | Joseph B. Bourne New York, N. Y.
CHESTER W. CHAPIN, President Philadelphia, Pa.
Arthur Brock, V ice-President " "
Treasurer — J. K. O. Sherwood. .New York, N. Y. I Auditor— «. W. Watson Hartford, Conn.
Secretary — Clyde A. Heller Philadelphia, Pa. | Gen. Manager — D. A. Geraty
Superintendent — J. F. Hedden.. Hartford, Conn.
PRINCIPAL OFFICE AND ADDRESS Poughkeepsie, N. Y.
THE DELAWARE AND HUDSON COMPANY.
INDEX TO THIS STATEMENT — RFFKRFNCKS TO NOMBERS OF SECTIONS.
Capital Stock, Reduction of. 11
Coal Business 3
Depreciation Sinking Fund.. 4
Financial Operations 16
Funded Debt, Details of 12
Gen. Bal. Sheet. Dec. 31, 1902. 13
Gen. Balance Sheet, 1900-1902 10
Guaranteed Bonds 14
History \
Income Acct., Dec. 31, 1902. . . 6
Income from Coal and Sales
Departments, Dec. 31, 1902 9
Leased and Proprietary Rail-
roads, Statements of 17
Managers and Officers 18
Mileage Operated 2
Operations and Income (all
railroads operated), Dec.
31. 1902 6, 7
Operations, etc., 1900-1902.... 10
Operations of the Railroad
Divisions of the System.
Dec. 31, 1902 7
Profit and Loss Account 8
Rolling Stock, Details of 5
Sinking Fund for Retirement
of Securities 4
1. History.— The Delaware and Hudson Canal Co. was chartered by the New York
legislature, April 23, 1823, to construct a .canal from the coal fields of Pennsylvania to
the Hudson River at Rondout, N. Y. The canal, extending from Honesdale to Rondout,
was completed in Oct., 1828. The Gravity Railroad was completed in 1829. On April 28,
1899, by authority of an act of the Legislature, the present name was adopted, the com-
pany being authorized at the same time to sell the canal and to purchase its, own securi-
ties for sinking fund purposes. The canal was sold in June, 1899. The Gravity Railroad
POOR'S MANUAL THE DELAWARE AND HUDSON COMPANY.
77
\vas broadened to standard gauge, made an ordinary steam railroad, and opened for
regular passenger and freight business in Feb., 1900. The Adirondack Ry., from Sara-
toga to North Creek, N. Y., 56.97 miles, was formally absorbed by this company on Nov.
5, 1902. Its statistics are included in this statement for the six months ending Dec.
31, 1902.
Terms of Leases. — The Delaware and Hudson Co. leases the Albany and Susquehanna
RR., the Rensselaer and Saratoga RR. and the New York and Canada RR. under the terms
given in the respective statements therefor (see Sec. 17). The Delaware and Hudson Co.
also leases the Rome and Clinton RR. and the Utica, Clinton and Binghamton RR., but
they are sublet to the New York, Ontario and Western Ry. Co., for the term of 35 years
from June 1, 1886, at a minimum rental of $70,000 per annum.
2. Railroads Operated, Dec. 31, 1902.— A. LINES OWNED (total, 78.64 miles).
Schenectady and M echanicsville RR. : East Glenville to Coons, N. Y 9.93 miles.
Lackawanna and Susquehanna RR.: Nineveh, N. Y., to Jefferson June., Pa. 22.01 "
Valley RR. : Carbondale to Scranton, Pa 16.77 "
Honesdale Branch: Lookout Junction to Honesdale, Pa 28.13 "
Branches and Spurs to Collieries 1.80 "
B. LEASED AND PROPRIETARY LINES (total, 599.76 miles).
Albany and Susquehanna RR.: Albany to Binghamton, N. Y 142.59 "
Cherry Valley, Sharon and Albany RR.: Cobleskill Jc. to Cherry Val., N. Y. 21.04 "
Schenectady and Duanesburgh RR. : Duanesburgh Jc. to Schenectady, N. Y. 13.79 "
New York and Canada RR. (for details see statement in Sec. 17) 151.08 "
Rensselaer and Saratoga RR. (for details see statement in Sec. 17) 136.02 "
Albany and Vermont RR.: Albany to Waterford Junction, N. Y 12.18 "
Glens Falls RR. : Fort Edward to Caldwell, N. Y 15.12 "
Rutland and Whitehall RR.: New York State Line to Castleton, Vt 6.83 "
Adirondack Ry. : Saratoga to North Creek, N. Y 56.97
Saratoga and Schenectady RR.: Saratoga to Schenectady, N. Y 21.65 "
Northern Coal and Iron Co.: Green Ridge to Mill Creek, Pa 16.76 "
Scranton Branch: Carbon St. to Lackawanna Ave., Scranton 0.51
Wilkes Barre Section: Mill Creek to Wilkes Barre, Pa 3.19
Plymouth Section : South Wilkes Barre to Plymouth, Pa 2.03
C. TRACKAGE RIGHTS (total, 39.40 miles).
Jefferson RR.: Jefferson Junction to Carbondale, Pa. 34.60
Nanticoke RR. : Mill Creek to Wilkes Barre, Pa 2.40
Lehigh Valley RR.: Wilkes Barre to South Wilkes Barre, Pa 1.62
Lackawanna and Bloomsburg RR.: Plymouth to Bull Run, Pa 0.78
Total length of lines owned, leased and operated 717.80 miles.
The following statement shows the track mileage of the system on Dec. 31, 1902:
Single Second Third Fourth Sidings, Total Steel
Track Track Track Track etc. Track Rails
Pennsylvania Division 130.60 76.00 10.57 8.03 131.53 356.73 228.85
Susquehanna Division 187.35 95.96 105.03 388.34 283.31
Saratoga Division 248.77 78.10 128.20 465.07 326.87
Champlain Division 151.08 43.52 194.60 151.08
Totals... . 717.80 250.06 10.57 8.03 408.28 1,394.74 990.11
Gauge, 4 ft. 8y2 in. Rail, 44, 46, 56, 62, 66, 68, and 80 Ibs.
3. Coal Business, — The chief business of the company is the mining and transpor-
tation of coal. The amount of coal owned and controlled by it on Jan. 1, 1902, was
estimated at 224,856,352 tons. The total output of anthracite coal in 1902 wan 31,200,890
tons. This company produced 3,127,097.15 tons, of which 2,898,138.12 tons were from it.-t
own property, and 229,559.03 tons from the property of the Hudson Coal Co., which it
controls. The amount of anthracite coal transported over the railroad lines owned and
controlled by the company, during the year ending Dec. 31, 1902, was 4,640,772 tons.
78
POOR'S MANUAL OF RAILROADS — MIDDLK ATLANTIC GROUP.
4. Depreciation Sinking Fund.— There is a sinking fund, created in 1899, for the
gradual retirement of the stock and bonds of the company contemporaneously with the
mining and sale of its coal ; a sum not less than 5 cents per ton of coal mined to be
charged against the yearly net profits and applied to the retirement of the securities
or stock of the company.
t>. Rolling Stock, all divisions, Dec. 31, 1902.— Locomotives (freight, 211; passenger,
80; switching, 61), 352. Cars — passenger train (1st class, 231; 2d class, 13; combina-
tion, 32; dining, 1; baggage, mail, and express, 95; other, 8), 380; freight, (box, 4,037;
stock, 976; flat, 131; coal, 8,391; refrigerator, 27), 13,562; service (officers and pay,
5; gravel, 27; derrick, 10; caboose, 146; other, 17), 205— total cars, 14,147. The fol-
lowing is a statement of the rolling stock by operating divisions of the system:
Loco-
motives
#
*&
Si0
«fi
§>'
Is
Passenger
Train
Cars
is
GQW
«&
Id
u
1 Fright
Cars
#
*X
SQ
vg
a •-
|s
Service
Car,
00°
*>
cQ
&Q
I*
Freight
Passenger. .
Switching. .
Totals. . . .
116
21
24
37
44
20
58
15
17
1st Class . .
2d Class.. . .
Comb
35
3
7
21
8
152
10
19
60
1
44
"e
14
Box
2,904
124
870
6,467
25
'1,126
7
93
1,896
7
is
28
2
Official. . . .
3
2
27
2
45
4
Stock
Flat
Coal
Refrig. . .
Totals
Gravel
Derrick . . .
Cahoose. . .
Other
6
61
2
40
13
58
B.M.&X . .
Dining
Other
Totals
Totals
161
101
90
74
242
64
10,390
3,122
50
67
80
O. General Income Account, year ending Dec. 31, 1902.
Earnings- Passenger $2,673,176 13
Freight 4,544,73729
Coal 3,656,26625
Miscellaneous 176,510 32
Expenses— Malnt. of Way and Struct. $1,354,080 14
Maintenance of Equipment 1,243,637 23
Conducting Transportation 3,720,116 02
General and Taxes 371,31632
Total ($16,031.52 per mile) $11,060,68999 Total ($9,704.13 per mile) $6,689,149 71
Net railroad earnings (39.47 p. c.), $4,361,540.28; net income of Coal and Sales De-
partments (see Sec. 9), $1,258,361.61 — total, $5,619,901.89. Payments: Rentals of and
charges against leased lines, $2,627,119.69; interest on D. & H. Co. 1st mtge. bonds,
$350,000— total, $2,977,119.69. Net profit, $2,642,782.20. Deduct: Sinking fund of
5 cents per ton on coal produced, $144,906.93. Surplus, $2,497,875.27.
7. The following statement shows the result of operation of the railroad divisions
of the system for the year ending Dec. 31, 1902:
NORTHERN RR. DEPARTMENT
Pennsylvania
Railroad
Department
Total
Railroad
System
Susquehanna
Division
Saratoga
Division
Champlain
Division
Total
Earnings — Passenger
Coal. . . .
S
599,326.99
1,605,171.50
1,742.279.97
19,257.10
$
1,174,310.76
304,836.06
1,458,320.28
86,070.94
$
461,178.59
123,041.05
652,763.59
2,849.25
I
2,234,816.34
2,033,048.61
3,853,363.84
108,177.29
*
438,359.79
1,623,217.64
691,373.45
68,333.03
I
2.673,176.13
3,656.266.25
4.544.737.29
176.510.32
Gen. Freight
Other
Totals
Exp. — Main. Way .etc
Main. Equip. .
Transporta'n..
General. . .
3,966,035.56
359,896.73
479,421.76
1,219,697.66
110,891.98
3,023,538.04
665,961.02
351,282.14
1,135,982.89
181,955.99
1,239,832.48
148,353.98
146,445.11
391,493.67
54,366.85
8,229,406.08
1,074,211.73
977,149.01
2,747,174.22
347,214.82
2,821,283.91
279,868.41
266,488.22
972,941.80
24,101.50
11,050.689.99
1,354,080.14
1,243,637.23
3,720,116.02
371,316.32
Totals
2.169,908.13
1,796,127.43
2.235,182.04
788,356.00
740,659.61
499,172.87
5,145,749.78
3,083,656.30
1,543,399.93
1,277,883.98
6.689,149.71
4,361,540.28
Not Earnings. . .
The Susquehanna Division comprises the Albany and Susquehanna, Schenectady and
Duanesburgh, Schenectady and Mechanicsville and Cherry Valley, Sharon and Albany RR. ;
the Saratoga Division includes the Rensselaer and Saratoga RR. and (for the last six
months of the year) the Adirondack Ry.; the Champlain Division comprises the New
York and Canada and the Ticonderoga RRs.; and the Pennsylvania RR. Dept. consists
POOR'S MANUAL THE DELAWARE AND HUDSON COMPANY.
79
of the Lackawanna and Susquehanna, Valley, Union, Plymouth and Wilkesbarre and
Honesdale Branch RRs.
8. Profit and LOSS Account, year ending Dec. 31, 1902. — Credits: Bal
ance, Dec. 31, 1901, $6,318,164.91; surplus income for year, $2,497,875.27; result from
merger of Adirondack Ry. Co. and sundries, $458,067.68 — total, $9,274,107.86. Debits:
Dividends on capital stock (7 p. c.), $2,450,000; mine improvements, depreciation,
$100,000; sundries, $53,579.64; credit balance, Dec. 31, 1902, $6,670,528.22— total,
$9,274,107.86.
9. Income from Coal and Sales Departments, year ending December 31, 1902.
Receipts — Coal Sales at Mines $112,698 78
Coal Sales RR. Depts 746,54452
Coal Sales, Other Points. . 11,074,256 14
Interest 2,04785
Value of Coal sold from Stock.
$11,935,547 29
. 870,798 99
Total $11,064,748 30
Expenses— Mining and Preparing Coal $5,809,648 54
Coal Purchased 5,802 70
General Expenses 306,562 81
RR. Transportation 3,663,04918
Marine Charges 45,43515
Handling Expenses 157,27095
Taxes 186,94405
Real Estate Expenses 18,029 23
Total $10,191,742 61
Net earnings of Coal and Sales Departments, $873,005.69; miscellaneous profit,
$81,708.99; interest on investments, $303,646.93 — total, net income exclusive of rail-
road operations, $1,258,361.61.
1O. Statement of railroad operations, profit and loss account and general balances,
for three fiscal years ending Dec. 31 :
1900
1901
1902
1900
1901
1902
Miles of Road Oper'd .
Rev. Train Mileage:
Passenger
660.32
2,345,101
3,630,094
660.83
2,366,712
3,586,489
689.31
2,518,688
3,357,255
Net RR. Earnings
Coal Dept. Income.. . .
Miscellaneous
$
5,455,770.07
122,062.10
$
5,801,602.53
1,407,307.03
S
4,361,540.28
873,005.69
385,355.92
351,432.40
393,838.49
Freight
Net Income
6,129,264.57
2 591 872 °4
7,002,748.05
2 548 672 02
5,619,901.89
2 6">7 119 69
Total
Passengers Carried . . .
Passenger Mileage. . . .
Freight (tons) Moved
Freight (ton) Miles .
Earnings — Passenger
Coal
Freight, . .
Other
Total
5,975,195
4,952,067
87,064,894
12,204,307
1 152 849 723
5,953,201
5,703,635
95,835,051
13,057,958
1 274 511 441
5,875,943
6,074,613
103,827,273
10,659,444
1,159,831,753
$
2,673,176.13
3,656,266 25
4,544,737.29
176,510.32
Interest on Bonds. . . .
350,000.00
350,000.00
1000,00000
350,000.00
Sinking Fund
233,369.36
144,906.93
Total Charges
2,941,872.24
4,232,041.38
3,122,026.62
2,497,875.27
6,318,164.91
Net Profit
3,187,392.33
5,359,760.22
3,370,706.67
5,489,409.80
Surplus Forward
$
2,263,998.70
4,996,411.11
4,057,778.84
167,000.26
$
2,432,273.95
4,095,238.70
5,463,742.80
187,427.89
Sundry Credits
Total Credits
Dividends.
9.721.43
5,887.60
458,067.68
8,556,873.98
1,750,000.00
*1,317,464.12
5,489,409.86
8,806,004.13
2,450,000.00
97,839.22
6,318,164.91
9,274,107.86
2,450,000.00
153,579.64
6,670,528.22
Credit Balance
11,485,188.91
6,029,418.84
12,178,683.34
6,377,080.81
11,050,689.99
6,689,149.71
Total Debits
Capital Stock
8,556,873.98
34,793,200.00
7,500,000.00
5,105,972.22
5,489,409.86
8,866,004.13
34,645,700.00
8,700,000.00
5,619,074.19
6,318,164.91
9,274,107.86
34,507,100.00
9,350,000.00
4.9Sf,.2r,J.oS
6.ti70,:,js.22
Oper. Exp. & Taxes. .
Net Earnings
Gross Earn, per Mile...
Gross Exp. per Mile. ..
Net Earn, per Mile. . .
Expenses to Earnings.
Earn. p. Pass. p. Mile .
Earn. p. Ton p. Mile . .
5,455,770.07
17,271.74
9,124 01
8,147.73
52.50 p. c.
2.305 c.
0.7 89c.
5,801,602.53
18,429.37
9,650.11
8,779.26
52.36 p. c.
2.255 c.
0.7.55c.
4,361,540.28
16,031.52
9,704.13
6,327.39
60.53 p. c.
2.285 c.
0.71 Ic.
Funded Debt
Current Liabilities. . ..
Profit and Loss
Total Liabilities
Permanent Investm's.
Supplies, Coal, etc. . .
Stocks and Bonds. . . .
Cash Assets
52,S8S,.-)82.ns
41,089,787.5:
2,487,050.40
1,427.959.13
7,283,784.98
.55,282,939.10
43,277,378.31
55,513,890.90
44,995,9.50.70
2,930,921.71
1,419,300.00
7,655,339.08
2,350,991.71
1,352.773.08
6,814,175.41
Total Assets
52,888,582.08
55,282,939.10
55,513,890.90
•This amount includes $1,036,117.85 charged oft for depreciation of property, $228,962.50
charged to sinking fund for the retirement of the company's securities, and $52,383.77 of sundry
charges. The charges for depreciation and for sinking fund are deducted from net income in the
account for 1901.
11. Capital Stock. — Since Dec. 31. 1902, the capital stock has been reduced to $34.407,100
by the operation of the sinking fund created in 1899 for the purpose of retiring the securities of the
company (see Sec. 4).
12. Funded Debt. — The funded debt outstanding on Dec. 31, 1902 — total, $9,350,000, as per
general balance sheet — consisted of the following :
$5.00O,OOO Pa. Div. 1st 7s of Sept. 1, 1917,
int. M. & S. Secured by first mortgage on the
real estate, coal lands, railroads and other prop-
erty of the company in the State of Pennsylvania.
91,OOO,OOO Adirondack Ry. 1st gold 41s of
March 1, 1942, assumed by the D. & H. Co. Se-
cured on the line from Saratoga to North Creek,
N. Y.. 56.97 miles.
$2,3OO,OOO equipment debenture 4s, due $200,-
000 each Jan. 1 from 1901 to 1914, int. J. & J.
$1.050.000 car trust certificates, gold 3|a, due
$150,000 each May 15 from 1903 to 1909.
80
POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
13. General Balance Sheet, December 31, 1902.
Real Estate
Unmlned Coal
•Railroad Construction
Adirondack Ry
Railroad Equipment
Marine Equipment
Coal Dept. Equipment
Mining Plant
Coal Handling and Storage Plants.
Supplies on Hand (Cost)
Shop Machinery, Tools, etc
Coal on Hand at Agencies (Cost)...
tStocks and Bonds Owned
Advances on Unmlned Coal
Cash
Bills and Accounts Receivable
$r>.260.204 44
12,148.716 12
14,966,099 48
1,000,000 00
8,038,757 97
10,000 00
841,921 92
2,488,634 45
241.616 32
1,746,666 00
509,821 80
94,503 91
1,352,773 08
892,558 97
892,302 08
5,029,314 36
Capital Stock ($100 shares) $34,507,10000
Funded Debt Outstanding (Sec. 12)... 9,350.000 00
Interest, Dividends, etc., due Jan. 1. 557,550 00
Interest, Dividends and Bonds Unpaid 131,711 35
Sinking Fund for the purpose of re-
tiring Capital Stock in accordance
with Stockholders' Ordinance of
May, 1899 179,54217
Fire Insurance Fund 100,35732
Accounts Payable 4,017,101 84
Profit and Loss, Surplus 6,670,52822
Total Assets $55,513,89090 Total Liabilities $55,513,89090
•In addition to property owned directly by the company, this item includes the stocks of the
following companies at cost: New York and Canada RR. Co., Cherry Valley, Sharon and Albany
RR. Co., and the Schenectady and Duanesburgh RR. Co. tThis item consists of $450,000 (4,500
shares) stock of the Albany and Snsquehanna RR. Co.; $800,000 (8,000 shares) stock of the
Rensselaer and Saratoga RR. Co., and miscellaneous stocks and bonds valued at $102,773.
14. Guaranteed Bonds. — The company guarantees, both as to principal and interest, $20,-
050,000 of bonds issued by subsidiary corporations, as follows :
Chateaugay Ore & Iron Co.
$400,000 1st consols. 6s of Jan. 1, 1929, int. J. & J.
Chateaugay Ry. Co.
200,000 1st 6s of Aug. 1, 1907, int. F. & A.
Bluff Point Land Improvement Co.
300,000 1st 4s of Jan. 1, 1940, int. J. & J.
The Hudson Coal Co.
1,500,000 debent. 4s of May 1, 1917, int. M. & N.
Albany & Susquehanna RR. Co.
$3,000,000 1st 7s of April 1, 1906, int. A. & O.
7,000,000 1st 6s of April 1, 1906, int. (gold) A. & O.
New York & Canada RR. Co.
4,000,000 1st gold 6s of May 1, 1904, int. M. & N.
1,000,000 gold deb. 4Js of May 1, 1904, Int. M. & N.
Utk-a, Clinton & Binghamton RR. Co.
800,000 1st 5s of July 1, 1939, int. J. & J.
1,850,000 deben. 4s due May 1, 1903-1918, int. M. & N.
15. Gnaranteed Interest and Dividends. — The company guarantees the payment of
Interest on $2,000,000 1st 7s of May 1, 1921, of the Rensselaer and Saratoga RR. Co. and on
$500,000 1st 6s of Sept. 1, 1924, of the Schenectady and Duanesburgh RR. Co. ; and guarantees
dividends at the rate of 7 p. c. per annum on $3,500,000 capital stock of the Albany and Susque-
hanna RR. Co. ; 8 p. c. per annum on $10,000,000 capital stock of the Rensselaer and Saratoga RR.
Co., and 61 p. c. per annum on $350,000 capital stock of the Rome and Clinton RR. Co. After July
1, 1902, dividends on the capital stock of the Albany and Susquehanna RR. Co. are guaranteed at
the rate of 9 p. c. per annum.
16. SUMMARY OF FINANCIAL OPERATIONS OUTSIDE OF INCOME ACCOUNT, YEAB ENDING
DECEMBER 31, 1902 :
Decrease of Assets : Real Estate, $9,655.89 ; marine equipment, $163,808.67 ;
mining plant — breakers, washeries, shops, etc., $100,000 ; coal handling and
storage plants, $64,259.03 ; supplies on hand, $870,798.99 ; stocks and bonds,
$66,526.92 ; cash, $1,157,299.39 — total $2,432,348 89
Increase of Liabilities : Adirondack Ry. 1st mtge. bonds of 1942, $1,000,000 ; in-,
terest, dividends, etc., due Jan. 1, 1903, $31,000 ; insurance fund, $100,357.32
— total 1,131,357 32
Increase of Profit and Loss 352,363 31
Total to be accounted for $3,916,069 52
Increase of Assets : Unmined coal, $59,067.35 ; railroad construction, $10,913.05 ;
Adirondack Ry., $1,000,000 ; railroad equipment, $844,106.92 ; coal depart-
ment equipment — cars, motors, horses, mules, etc., $144,208.66 ; supplies on
band, $238,707.72 ; shop machinery, tools, etc., $52,161.27 ; advances on un-
mined coal, $106,501.71; bills and accounts receivable, $209,634.01 — total $2,663,300 69
Decrease of Liabilities : Capital stock, $138,600 ; bonds, $350,000 ; interest, etc.,
unclaimed, $2,129.25 ; sinking fund for retiring capital stock, $60,486.07 ;
accounts payable, $701,553.51 — total 1,252.76883
Total accounted for $3,916,069 52
17. LEASED AND PROPRIETARY RAILROADS OF THE DELAWARE AND HUDSON Co.
SUSQUEHANNA DIVISION.
ALBANY AND SUS^UEHANNA RR
Albany to Binghamton, N. Y., 142.59 m. ; 2d track
95.96 m. ; total track (steel, 238.55 m.), 333.57
mil os.
HISTORY — Chartered April 19, 1851 ; road
opened to Binghamton, Jan. 14, 1869. Leased in
perpetuity, Feb. 24, 1870, at a yearly rental
equivalent to intercut on bonds (including $70,000
for 6 p. c. Interest and 1 p. c. sinking fund on
$1.000,000 Albany City Loan matured May 1, 1897),
dividends at tne rate 7 p. c. until July, 1902, and
thereafter at the rate of 9 p. c. per annum ; the
first dividend at the latter rate being payable
Jan. 1, 1903.
INCOME ACCOUNT, year ending June 30, 1902.
— Rental, $875,000; organization, $1,000 — total,
$876,000. Payments : Interest, $630,000 ; dividends,
J. & J., 3i p. c. each, $245,000; other items, $1,092
— total. $876,092. Deficit, $92. Surplus forward
($658,718; plus $55,343 transfer from bills pay-
able). $714,061. Net surplus June 30, 1902, $713,-
969.
BALANCE SHEET. June 30, 1902. — Capital
stock ($100 skares), $3,500.000; funded debt, $10,-
POOR'S MANUAL THE DELAWARE AND HUDSON COMPANY.
81
000,000; profit and loss, $713,969 — total, $14,213,969.
Contra : Cost of road and equipment, $14,200,766 ;
stock of other companies, $7,000; cash, $6,203 —
total, $14,213.969.
FUNDED DEBT consists of $3,000,000 7 p. c. and
$7,000,000 6 p. c. consol. mtge. bonds, due April 1,
1906. The bonds are guaranteed, both as to prin-
cipal and interest, by the D. & H. Co.
CORPORATE OFFICERS. — Robert Olyphant,
Pres., New York, N. Y. ; W. L. M. Phelps, Sec.
& Treas., Albany, N. Y. Office, Albany, N. Y.
CHERRY VALLEY, SHARON AND AL-
BANY RR — Cobleskill June, to Cherry Valley,
21.04 m. ; total track, 22.45 miles. Rail — iron, 56
to 62 Ibs. ; steel (21.04 m.), 62 Ibs.
HISTORY. — Organized June 10, 1869; road
opened Oct. 1, 1870. Owned by D. & H. Co.
Rental, year ending June 30, 1902, $10,662; deficit
forward, $173,797 ; net deficit, $163,135.
BALANCE SHEET, June 30, 1902. — Capital
stock ($500,000 auth. ; $50 shares), $289,100; due
SARATOGA
ALBANY AND VERMONT RR Albany to
Waterforrt June., N. Y., 12.18 m. ; total track, 34
miles. Rail (steel, 18.77 m.), 80 Ibs.
HISTORY. — Reorganization after foreclosure
sale on Oct. 5, 1859, of the Albany, Vermont and
Canada RR. Co. (See Manual for 1891, page
179.) Leased in perpetuity to the R. & S. RR.
Co. ; lease assigned to D. & H. Co. Rental, $20,-
000 per annum. Payments, year 1901-1902 : Divi-
dends (3 p. c.), $18,000; expenses and other
charges, $1,280 — total, $19,280. Surplus, $720.
BALANCE SHEET, June 30, 1902. — Capital
stock, $600,000 ; profit and loss, $7,771 — total, $607,-
771. Contra : Cost of road, etc., $600,000 ; other
assets, $7,771 — total, $607,771.
CORPORATE OFFICERS. — Edward C. Gale,
Pres. ; J. H. Neher, Treas. & Sec., Troy, N. Y.
GLENS FALLS RR Fort Edward to Cald-
well, N. Y., 15.12 m. ; total track (steel, 15.12 m.),
27.27 miles.
HISTORY. — Chartered July 26, 1867. Leased
in perpetuity by R. & S. RR. Co. ; lease assigned
to the D. & H. Co. Rental, $1 per annum.
FINANCIAL STATEMENT. — Capital stock
(all owned by R. & S. RR. Co.), $96,600; due
lessee, $359,831 — total, representing cost of road,
$456,431.
CORPORATE OFFICERS. — Geo. B. Warren
Pres. ; J. H. Neher, Sec. & Treas., Troy, N. Y.
RENSSELAER AND SARATOGA RR. —
Waterford June., N. Y., to Ballston, 19.55 m. ;
Saratoga to Lake Champlain, 40.73 m. ; branches,
Troy to Waterford June., 5.59 m. ; Watervliet to
Green Island, 1.08 m. ; Eagle Bridge, N. Y., to
Rutland, Vt., 62.44 m. ; Whitehall, N. Y., to Vt.
State Line, 6.63 m. — total, 136.02 m. ; total track,
258.99 miles.
HISTORY. — Chartered April 14, 1832; road
opened March 19, 1836. Consolidated with the
Troy, Salem and Rutland and the Saratoga and
Whitehall RRs. in 1868. (See Manual for 1881.)
Leased in perpetuity (lease dated May 1, 1871)
to D. & H. Co., the lessee assuming all interest
CHAMPLAIN
NEW YORK AND CANADA RR. (Lessor's
Statement). — Whitehall to Rouses Point, N. Y.,
112.93 m. ; Chazy June, to Province Line, 12.78 m. ;
South June, to Ausable Forks, 19.05 m. ; Ticon-
deroga to Baldwin, 4.91 m. ; Ticonderoga RR.,
Delano June, to Ticonderoga (operated under
contract for 25 p. c. of gross earnings), 1.41 m. —
total, 151.08 m. ; total track, 194.60 miles.
HISTORY. — Organized March 16, 1872; main
line opened Nov. 16, 1875. Lake George branch
opened in May, 1875 ; line between West Chazy and
Rouses Point in Sept., 1876. Leased to the D. &
H. Co., and operated as that company's Cham-
plain Division.
INCOME ACCOUNT.— Rental, $281,540, being
interest on bonds,
lessee, $463,135 — total, $752,235. Contra: Cost of
road, $589,100; profit and loss, $163,135 — total,
$752,235.
CORPORATE OFFICERS. — David Willcox,
Pres. ; F. M. Olyphant, Sec. & Treas., New York,
N. Y.
SCHENECTADY AND DUANESBURGH
RR. — Duanesmirgh June, to Schenectady, N. Y.,
13.79 m. ; total track (steel, 13.79 m.), 19.76 miles.
Rail, 56 to 80 Ibs.
HISTORY. — Reorganization, July 15, 1873, of
the Schenectady and Susquehanna RR. (See
Manual for 1891.) Leased to the D. & H. Co.
for interest on bonds.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in ($300,000 auth.; $100 shares), $100,-
900; funded debt (1st 6s of Sept. 1, 1924), $500,000;
open accounts, $166,954 — total, representing cost
of road, $767,855.
CORPORATE OFFICERS. — David WHIcox,
Pres. ; Daniel Wilson, Treas. ; F. M. Olyphant,
Sec., New York, N. Y. Office, New York, N. Y.
DIVISION.
and lease obligations, and guaranteeing 8 p. c.
per annum on the capital stock.
INCOME ACCOUNT.— Rental, year 1901-1902,
$941,000; other receipts, $2,880 — total, $943,880.
Payments : Expenses, $2,593 ; interest on bonds,
$140,000; dividends (8 p. c.), $800,000 — total, $942,-
593. Surplus, $1,287.
BALANCE SHEET, June 30, 1902. — Capital
stock, $10,000,000; funded debt (1st 7? of May 1,
1921), $2,000,000; surplus, $70,451— total, $12,070,451.
Contra : Cost of road, $10,917,489 ; other invest-
ments, $1,134,511; other assets, $18,451 — total,
$12,070,451.
CORPORATE OFFICERS. — Geo. B. Warren,
Pres. : J. H. Neher, Sec. & Treas. Office, Troy,
NT. Y.
RUTLAND AND WHITEHALL RR New
York State Line to Castleton, Vt., 6.83 m. ; total
track (steel, 6.83 m.), 8.68 miles. Leased In
perpetuity, to the R. & S. RR. Co., at an annual
rental of $15,492, being 6 p. c. on the cost of the
road, $255,700. Dividends payable Feb., May,
Aug., and Nov., at United National Bank of
Troy, N. Y.
CORPORATE OFFICERS. — H. G. Young, Pres.,
Albany, N. Y. ; C. R. Allen, Treas. ; Ira R. Allen,
Sec., Fair Haven, Vt.
SARATOGA AND SCHENECTADY RR
Saratoga to Schenectady, N. Y., 21.65 m. ; total
track, 45.85 miles.
HISTORY. — Chartered Feb. 16, 1831. Leased in
perpetuity to the R. & S. RR. Co. ; lease assigned
to D. & H. Co.
INCOME ACCOUNT. — Rental, 1901-1902, $31,750 ;
add interest, $200 — total, $31,950. Dividends (7 p.
c.), $31,500; expenses, $490; deficit, $40.
BALANCE SHEET, June 30, 1902. — Capital
stock, $450,000 ; income balance, $6,430 — total,
$456,480. Contra : Cost of road, $450,000 ; bonds
owned, $5,000; other assets, $1,480 — total, $456,480.
CORPORATE OFFICERS. — Le Grand • C.
Cramer, Pres. ; J. H. Neher, Sec. & Treas. Office,
Troy, N. Y.
DIVISION.
BALANCE SHEET, June 30, 1902. — Capital
stock auth. ($3,991,000 outstanding; $100 shares^,
$4,000,000; funded debt ($4,000,000 1st sterling 6s
of May 1, 1904, and $1,000,000 gold debenture 4Js
of May 1, 1904, int. M. & N.), $5,000,000; open
accounts, $172,067 — total, representing cost of road
and equipment, $9,172,067.
The stock is almost wholly owned by the D. &
H. Co. The bonds are guaranteed, principal and
interest, by the same company.
CORPORATE OFFICERS. — David Willcox,
Pres. ; Charles A. Walker, Sec. & Treas., New
York, N. Y. Office, 21 Cortlandt St., New York,
N. Y.
82
18. Board of Managers, elected May 12, 1903.
ROBERT M. OLYPHANT, Chairman Executive Committee, New York, N. Y.
R.M.Olyphant..New York. N. Y.
C. A. Peabody.
Alex. E. Orr. . "
O. I. Wilber....Oneonta, N. Y.
C. M. Depew..New York, N. Y.
J. W. Alexander "
.E. H. Harriman "
J. J. Astor
One vacancy.
DAVID WILLCOX, President New York, N. Y.
R. S. Hayes.. New York. N. Y.
F. Cromwell... "
D. Willcox
R. S. Grant
Vice-Pres. — Alex. E. Orr New York, N. Y.
2d Vice-Pres.— Horace G. Young.
3d V-Pres.£Compt. — Abel I. Culver
Gen. Counsel — Wm. S. Opdyke...New York, N. Y.
Treasurer— Charles A. Walker. .
Secretary — F. Murray Olyphant.
x». V-..1. KT V
Auditor— S. T. S. Henry New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 21 Cortlandt Street, New York, N. Y.
RAILROAD CONTROLLED BY THE DELAWARE AND HUDSON Co.
COOPEBSTOWN AND CHARLOTTE VALLEY BB. — Charlotte Crossing to Davenport
Center. N. Y., 5.08 m. ; C. & S. Vy. RR. (leased, see below), 19.48 m. — total, 24.56 m. ; total track
(steel ; 56 IDS.), 28.57 miles. Gauge, 4 ft. 8J in. Consolidation, April 13, 1891, of the C. & C. Vy.
and the West Davenport RR. Cos. (See MANUAL for 1891.) Equipment (leased) : Locomotives, 3.
Cars — passenger, 5; baggage, etc., 1; freight (box), 6; other, 19 — total, 31.
Operations, year ending June 30, 1902. — Trains run (passenger, 42,186; freight, 17,832),
60,018 miles. Passengers carried, 92,373 ; carried one mile, 696,562. Tons freight moved, 38,174 ;
ton-miles, 500,588. Earnings (passenger, $19,216; freight, $33,768; other, $3,514), $56,498.
Operating expenses, $38,535. Net earnings, $17,963. Payments: Taxes, $2,046 ; rentals, $10,188 :
other charges, $2,706 — total, $14,940. Surplus, $3,023 ; surplus forward, $1,103 — total, $4,126.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $45,000; current lia-
bilities, $2,975 ; due C. & S. V. RR. Co., payable Jan. 1, 1990, $25,145 ; rentals, $185 ; profit and
loss, $4,126 — total, $77,431. Contra : Cost of road and equipment, $70,145 ; materials, etc., $1,000 :
cash and current assets, $6,286 — total, $77,431.
Since date of above statement the Delaware and Hudson Co. has become the owner of all the
capital stock of the Cooperstown and Charlotte Valley RR. Co.
RAILROAD LEASED BY
Cooperstown and Snsquehnnna Valley
RR. — Cooperstown to Charlotte Crossing, N. Y.,
19.48 m. ; total track (steel ; 56 Ibs.), 22.79 miles.
Locomotives, 3. Cars, 31.
Chartered Feb. 25, 1865 ; road opened to Coopers-
town, July 14, 1869 ; extended to Charlotte Cross-
ing in 1889. Leased for 99 years, from Jan. 1,
1889, to the C. & C. Vy. RR. Co., which guaran-
tees interest on bonds.
C. & C. V. RR. Co.
General Balance Sheet, June 30, 1902. — Capital
stock ($100 shares), $307,400; funded debt (1st 5s
of May 1, 1918), $200,000; interest due and accrued,
$1,«87 ; profit and loss, $123 — total, $509,210. Con-
tra : Cost of property, $481,998 ; other assets,
$27,212— total, $509,210.
George Brooks, Pres. ; Albert Lane, Vice-Pres.,
Cooperstown, N. Y. Corporate Office, Coopers-
town, N. Y.
Directors, C. & C. V. RR. Co. — David Willcox, F. M. Olyphant, R. M. Olyphant, Wm. S. Opdyke,
R. S. Grant, Chas. A. Peabody, New York, N. Y. ; George E. Wilber, Oneonta, N. Y. ; Abel E. Cul-
ver, Albany, N. Y. ; Datus E. Siver, Cooperstown, N. Y. OFFICERS : DAVID WILLCOX, Pres., New
York, N. Y. ; Abel E. Culver, Vice-Pres., Albany, N. Y. ; F. M. Olyphant, Sec. & Treas., New York,
N. Y. GENERAL OFFICE, Cooperstown, N. Y.
DELAWARE, LACKAWANNA AND WESTERN RAILROAD COMPANY.
(For map of this system, see page 83.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Coal Department Operations. 9
Controlled Road Statements.. 11
Funded Debt, Details of 7
Gen. Bal. Sheet, Dec. 31, 1902 5
Gen. Bal. Sheet, 1896-1902 6
History 2
Operations, all Lines Owned
and Leased, and Capital
1896-1902 6
Rentals of Leased Lines 4a
Rolling Stock, Details of.... 3
Income Account, Year 1902.
Income Account, 1896-1902...
Leased Lines, Statements of.
Managers and Officers
Mile. Operated, Dec. 31, 1902
Operations.* Income, 1902...
1. Main Line Owned: Del. Riv. (N. J. Line) to N. Y. State Line.. 114.33 miles.
Dloomsburg Branch: Scranton, Pa., to Northumberland, Pa 79.66 "
LEASED LINES (in New York, New Jersey and Pennsylvania; see Sec. la.) . . 576.67 "
RALROADS CONTROLLED AND OPERATED (see Sec. 3a.) 177.15 "
Total length of all lines owned, leased, and controlled, Dec. 31, 1902. . 947.81 miles.
Gauge, 4 ft. 8y2 in. Rail (steel, 2,149.43 m.), 60 to 80 Ibs.
2. History. —Consolidation, April 30, 1853, of the Ligetts Gap RR. and the Dela-
ware and Cobbs Gap RR. Road opened throughout on May 27, 1856. The leased and
controlled railroads were acquired at various periods and under terms given in the
appended statements. (See also MANUAL for 1896, page 514.)
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 649. Cars — passenger, 153; sub-
urban coaches, 233; combination, 83; baggage and mail and baggage and express, 54;
express, 64; milk and butter, 118; dining, 6; pay, 1; business, 3; club, 4; straight
83
84
POOR S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
mail, 4; freight (box, 11,977; stock and poultry, 340; flat, 527; gondola, 3,106; hopper,
10,407; refrigerator, 332; caboose, 327), 27,016; service and gravel, 554 — total, 28,293.
3a. Statement showing mileage of all lines owned, leased, or operated, Dec. 31, 1902:
Single
Track.
Double
Track.
Length
ofRR.
Sidings
Total
Track.
Steel
Rails.
Iron
Rails.
State of Pennsylvania:
Miles.
Miles.
114.33
Miles.
114.33
Miles.
174.39
Miles.
403.05
Miles.
396.75
Miles.
6. 30
56.12
23.54
79.66
74.54
177.74
171.51
6.23
New York Lackawannsufc West, in Pa
6.38
6.38
12.76
12.76
56.12
144.25
200.37
248.93
593.55
581.02
12.53
State of New Jersey:
25.45
94.23
119.68
191.61
405.52
379.79
25.73
1.92
1.92
4.76
6.68
6.43
0.26
Newark and Bloomfield
1.49
2.75
4.24
4.75
11.74
10.87
0.87
Passaic and Delaware
14.11
7.41
14.11
7.41
4.44
2.08
18.55
9.49
16.61
9.49
1.94
10.04
10.04
1.84
11.88
10.57
1.31
4.99
13.83
18.82
7.51
40.16
39.95
0.21
Total New Jersey
65.41
110.81
176.22
216.99
504.02
473.71
30.31
State of New York:
Valley
11.11
11.11
4.53
26.75
26.75
New York, Lackawanna and Western .
1.21
206.85
208.06
156.38
571.29
571.29
Cayuga and Susquehanna
Greene
34.41
8.10
34.41
8.10
7.04
1.07
41.45
9.17
36.92
9.17
4.53
Utica Chenango <fe Susquehanna Valley
97.41
97.41
35.18
132.59
132.59
Oswego and Syracuse
34.98
34.98
25.34
60.32
52.77
7.55
Total New York
176.11
217.96
394.07
229.54
841.57
829.49
12.08
Total owned and leased
297.64
473.02
770.66
695.46
1,939.14
1,884.22
54.92
Controlled and Operated:
Hanover and Newport
6.81
6.81
3.53
10.34
10.34
Lackawanna and Montrose. ...
1048
10.48
1.31
11.79
11.79
Hopatcong
0.89
0.89
1.67
2.56
2.43
0.13
Sussex
30.55
30.55
7.09
37.64
35.50
2.14
Syracuse, Binghamt on and New York . .
Syracuse and Baldwinsville
48.97
0.95
31.98
80.95
0.95
42.55
1.00
155.48
1.95
142.15
1.95
13.33
Bangor and Portland. . . . .
38 38
38 38
13 81
52 19
50.48
1.71
Easton and Northern
8.14
8.14
2.43
10.57
10.57
Total controlled and operated
145 17
31 98
177 15
73 39
282.52
265.21
17.31
Grand total, D., L. <fe W. System. . . .
442.81
505.00
947.81
768.85
2,221.66
2,149.43
72.23
4. General Income Account, year ending December 31, 1902.
Earnings — Passenger $4,592.036 28
Coal Freight 8,145,920 48
Miscellaneous Freight 7,013,42406
Mail, Express, and Other. . 1,647,383 51
Total ($27,766.80 per mile) $21,398,76433
Net Earnings (36.25 p. c.) $7,757,71252
Interest on Investments 114,61200
Dividends on Stocks 224,21100
Interest, Discount, and Exchange... 61,57131
Miscellaneous Rentals 1,12500
Coal Dept. Earnings (see Sec. 8) 792,47672
Total Net Income $8,951,70855
Expenses— Maint. Way and Struct.... $3,383,504 4
Maintenance of Equipment 2,712,594 73
Conducting Transportation 7.152,203 98
General Expenses 392,748 63
Total ($17,700.48 per mile) $13,641,05181
Taxes $836,371-13
Interest on Bonds 214,40900
Rentals Leased Lines (see Sec. 4a).. 5,035,804 13
Rentals New York Terminals 142,461 CO
Renewals and Bettermentb 3,058,14880
Sundry Old Accounts Charged Off 11,166 02
Dividends (7 p. c.) on Stock 1,834,000 00
Total Payments $11,132,360 98
Deficit for year, $2,180,652.43; surplus forward, $16,719,626.92— net surplus, Dec.
31, 1902, $14,538,974.49.
4*. Rental of Leased Lines.— Morris and Essex RR., $2,586,559.44; Morris
and Essex Extension RR., $8,840; Newark and Bloomfield RR., $6,231; Passaic and
Delaware RR., $5,552.50; Passaic and Delaware Extension RR., $4,000; Warren RR.,
$195,685.59; Valley RR., $57,500; New York, Lackawanna and Western Ry., $1,670,000;
Cayuga and Susquehanna RR., $54,600; Greene RR., $23,939.60; Utica, Chenango and
Susquehanna Valley Ry., $240,000; Oswego and Syracuse RR., $182,896;— total, $5,035,-
804.13.
POOR'S MANUAL DELAWARE, LACKA WANNA AND WESTERN RR. CO. 85
5. General Balance Sheet, December 31, 1902.
Cost of Road and Equipment $25,417,999 94
Other Permanent Investments 7,222,11249
Stocks (14,604,582.75) and Bonds in
Treas 7,516,44351
Advances to Leased nnd Coutr'd Rds. 441,186 26
Advances on Coal to be Delivered.... 1,322,068 89
Coal on Hand 473,88036
Materials, Fuel, and Other Supplies.. 1,234.661 41
Cash 1,408,301 09
Bills Receivable 2,161 28
Due from Agents, Conductors, etc.... 757,326 86
Coal Rills and Sundry Accounts Due. 3,072,138 53
Suspense Account 111,30788
Capital Stock (|50 shares) $26,200,00000
Funded Debt Outstanding 3,067,00000
Rentals Accrued, not Due 1,529,660 52
Interest Accrued, not Due 71,37667
Dividends, Int., and Rent Past Due. . 135,095 90
D., L. & W. Dividends, Pay. Juu. 20.. 458,500 00
Audited Vouchers 1.363,973 31!
Audited Pay Rolls 1,115,40987
Accrued Taxes, not Due 437,52383
Mortgages on Real Estate 62,07390
Profit and Loss 14,538,97449
Total Assets $48,979,588 50 Total Liabilities $48,979,588 50
O. Statement of operations, all lines owned and leased, and of capital account,
for seven yeans ending Dec. 3 1 :
1896
1897
1898
1899
1900
1901
1902
Length of Road
771.49
770.45
770.71
770.71
770.50
77067
770 00
Miles of IVack
1,904.80
1,909.23
1,912.34
1,912.09
1,920.87
1 92988
1,939.14
Miles of Steel Rail . ..
1 769 71
1,788.68
1,800.42
1 823 19
1 846 16
1 86289
1 884.22
Passenger Train Miles. . . .
*Freight Train Miles. .. .
*Coal Train Miles
4,961,314
7,819,735
7 335 007
5,010,937
7,905,313
7 070 687
5,363,911
8,738,673
7055841
{ Not
5,423,002
[• 6 129,997
5,678.053
6,251,239
5,119,202
5,047.850
Total Train Miles
20116,116
19,986,937
21.158,425
11,552,999
11 929,292
10,167,112
11 042,926
11 299,616
11,818,218
12 969 893
14428880
15 025 996
16,228.335
215 104 994
222 300 039
233 641 749
260 274 S30
282 440 342
320630013
316,642 899
Freight (tons) Moved...
Freight ton t Miles
CoalT. uikd.fgtj gross.
Passenger Earnings
Freight Earnings
10!882,886
1,654,314,705
6,477,633
3,406,492.01
15,349,104.11
2 047 909 52
10,798,397
1,610,313,329
6,557,112
$
3,408.982.69
15,033.099.81
2 559 334 62
12,175,838
1,825,705,321
6,643,402
3,501,708
16,008,321
2658315
12, 60S, .507
1,921,319,288
6,731,353
$
3,951,051
15,707,945
1 606 126
12.481.S75
1,885,120,375
6,091,133
S
4,186,232
15,195,510
1 506 021
14.S46.477
2,327.875,461
7,398,057
$
4,522,383
17,418,033
1 567 218
11,214,559
1,733,118,189
4,570,490
$
4,592,036
15,159,344
1,647,384
21 403 505.64
21 002,017.12
22168344
21 325 122
20 887 763
23 507 634
21.398,764
Earn, from Other Sources .
22,896,382.62
22,973,381.69
21,528,138
23,504,834
22,891,564
27,440,419
18.193,730
Earnings from All Sources-
Expenses and Taxes R. K.
44,299,888.26
14,069,136.06
23 499 773.35
43.975,398.81
13,470,754.92
23 188 104 84
43,696,482
14,127.398
22 838 580
44,829,956
12,571,210
22 0'3 480
43,779,327
14,622,279
21 061 805
' 50,948,053
14,527,447
25 479 571
39,592.494
14,477,423
17,010,900
Total Expenses
37,568,909.41
6 730 978 85
36,658,859.76
7 316 539 05
36,945,978
6730504
34,594,690
10 235 266
35,684,084
8 095 °43
40,007,018
flO 941 035
31,488,323
$8,104,171
21469000
°14 69000
9J4 690
214 690
214 090
214 363
214,409
5 191 549 50
5 191 549 50
5 191*549
5 177 300
5 150 3°2
5 173 491
5,178,266
1 834 000 00
1 834 000 00
l'S34'000
1 834 000
1 834000
1 834000
1 834,000
R.R. Earnings per Mile . .
R.R. Expenses per Mile. . .
R.R.Net Earninzs per Mile
R.R.Expenses to Earnings
Capital Stock
27,743.08
18,236.32
9,506.76
62. 18 p. c.
2620000000
27,259.42
16.592.56
10,666.80
60.87 p. c.
$
26 ''0000000
28.763.53
17,441.38
11,322.15
60.64 p. c.
$
20 °00 000
27,669.45
15,226.85
12,442.60
55.03 p. c.
20 ''OO 000
27,109.36
17,849.63
9,259.73
65.84 p. c.
$
26 200000
30,502.85
17.662.79
12,840.06
57.91 p. c.
26 °00 000
27.766.83
17,704.78
10,062.05
63.75 p. c.
$
2fi 200.000
Funded debt
Profit and Loss
Net Current Accounts. . .
3.0(>7.000.00
15.237.677J9
1,468,907.87
3.067.000.00
15,313.976.74
799,990.79
3,067000
13,893.530
1,031.879
3.007,000
15,500,703
s!o67!ooo
15,523,572
3!007,000
10,719,027
3 007,000
14.638.974
Total Liabilities
45,973,585.06
45,380,967.53
44.192,409
44,767.703
44,790,572
45.986.627
43,805,974
Permanent Propertv
33,742,817.29
33.742,817.29
33.386,074
33,094,539
33,185,876
32,700.028
32,640.112
Stocks and Bonds
10.373.002.00
9904 13700
9 096 617
4,993,350
6,041,945
7,390,913
7,516,444
Materials nnd Supplies. . .
Net Current Accounts. . . .
1,857.165.77
1,734,013.24
1,709,718
991,424
5,688.390
1,141.555
4,421.196
1.243,530
4,652,156
1,234.601
2.414.757
Total Property 4 Assets
45,973,585.06
45,380,967.53
44, 192,409
44,767.703
44,790,572
-|.-).!lMi.f,-'7
43.805,974
*In above table the statistics given for " freight train miles " and " coal train miles for the
years 1896, 1897 and 1898, include switching service and other non-revenue train mileage; for
the years 1900 to 1902, the figures given for freight and coal train mileage combined Include onlj
revenue train miles. Corresponding figures for the previous years covered by the table are n
obtainable.
tFrom this amount should be deducted $2,523,127 for renewals and betterments, leav-
ing actual net earnings of $8,417,908.
JFrom this amount should be deducted $3,058,149 for renewals and betterments, leaving actual
net earnings of $5,046,022.
86
POORS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROt I1.
7. Funded Debt — Funded debt, Dec. 31, 1902, consisted of $3,007,000 (auth. $10,000,000)
consol. 7s of Sept. 1, 1907. int. M. & 8.
8. Statement showing for the year ending Dec. 31, 1902, the traffic operations, in-
come, etc., of the D., L. & \V. RR. proper, and its principal controlled lines:
D., L. & W.
RR. and
Leased Lines
CONTROLLED RAILROADS
Syra., Bing.
& N.V.RR.
Sussex RR.
Lack. &
Mont. RR.
Bangor &
Port. Ry.
Miles RR. Operated
770.00
16,228,335
316,642,889
11,214,559
1,733,118,189
$
4,592,036.28
7,013,424.06
8,145,920.48
1,647,383.51
80.95
390,407
11,524,972
1,538,503
86,277,416
I
239,534.19
350,090.10
254,516.96
99,815.97
30.55
216,189
1,935,687
172,114
3,343,359
$
53,708.44
84,195.00
5,202.47
25,350.88
10.48
46,197
449,187
LA.879
176,816
r
14,071.28
5,317.48
1,344.96
1,924.32
38.38
100,276
1,051,791
512,540
6,816,317
$
16,631.79
215,884.91
22,945.83
7,766.65
i > in- Freight Moved. . . . .
Tons Freight Moved One Mile
Earnings — Passenger
Merchandise
Coal..
Miscellaneous
Total Earnings
21,398,764.33
13,641,051.81
943,963.28
737,580.36
168.457.39
105,209.90
22,658.04
23,647.04
263,229.18
197,055.77
Operating Expenses
Net Earnings
7,757,712.52
27,766.83
17,700.48
10,066.35
63.75 p.c.
1.450C.
0.875c.
206,382.92
11,661.07
9,111.55
2,549.52
78.14 p.c.
2.078c.
0.709c.
63,247.49
5,514.15
3,443.86
2,070.29
62.44 p.c.
2.775c.
2.674c.
def 989.00
2,162.03
2,256.40
def 94.37
104.35 p.c.
3.133c.
3.768c.
66,173.41
• 6,858.50
5,134.33
1,724.17
74.86 p.c.
1.581c.
3.504c.
Gross Earnings per Mile. . . . .
Operating Expenses per Mile
Net Earnmgsper Mile
Expenses to Earnings
Average Rate per Passenger i>er Mile. . .
Average Rate per Ton per Mile
9. Coal Department Operations.— The following statement shows th« operations
of the company's coal department for the year ending Dec. 31, 1902:
SALES AND EARNINGS
Tons
Amount
COST AND EXPENSES
Tons
Amount
Coal Sales— At Mines
No.
81,438
1,016,161
3,401,704
$
145.019.16
1.361.508.81
12.402,988.07
Coal on hand, Jan. 1 1902
No.
4511,270
5,052,698
$
],642,573.44
7,2(19,236.02
Company's Supply
Cost of Coal Mined and Purchased. . . .
Local Agencies
Transp.— On D., L. A AS'. Lines
3,886,553
7,961,982.77
Foreign Agencies
848,081
4,870,548.61
856,573
4,249,785
2,089,783
522,154.23
328,524.65
424,610.96
96,298.40
184.419.15
223,673.79
Total Sales. ...
Handling Local and Foreign Agen
CommifisiiniL ,
5,347,384
437,882
5,347,384
161,584
18.780,124.65
191,945.12
Bacge Earnings — Company's Boats . .
Total Sales and Earnings
General Expenses.
18.972,069.77
473,880.36
Extraordinary Improvements
Coal on hand, Dec. 31, 1902
Total Cost and Expenses
18,653,473.41
792,476.72
Total
Profit as per Income Account
Total
19,445,950.13
19,445,950.18
•Includes cost of new scow barges, $37,808.
1 0. RAILROADS LEASED BY THE D., L. & W. RR. Co. AND WHOSE OPERATING RESULTS
ARE INCLUDED IN THE INCOME ACCOUNT OF THE LESSEE.
CAYIIGA AND SUSQUEHANNA RR. —
Hupquehanna River, near Owego, to Ithaca, N. Y.,
34.41 m. ; total track (steel, 36.92 m.), 41.45 miles.
HISTORY — Originally the Ithaca and Owego
RR. Co. ( chartered Jan. 28, 1828 ; opened April
1, 1834) : reorganized under existing title April
13, 1843. Leased from April 21, 1855, at an annual
rental of $54,600. Paid dividends In 1902 (9 p. c.),
$53,020; sundry disbursements, $780 — total, $53,-
800.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock, $589,110; Income account, $12,868 — total,
$601.978. Cost of road, $600,000 ; cash, $1,978.
CORPORATE OFFICERS. — M. Taylor Pyne,
Pres. ; S. S. Palmer, Treas., 52 Wall St., New
York. N. Y.
< Hi> I i.ll RR. — Dover to Chester, N. J.,
10.04 m. ; total track (steel, 10.57 m.). 11.88 miles.
HISTORY. — Chartered in 1868. opened in 1872.
Leased to Morris aud Essex RR. Co. for 4 p. c.
on bonds.
FINANCIAL STATEMENT. — Capital stock.
$100,534 ; funded debt, 1st mtge. 4 p. c. bonds,
held by lessee, $100,000; floating debt, $27,655 —
total, representing cost, etc., $228,189.
GREENE: RR. — Cbenango Forks to Greene,
N. Y., 8.10 m. ; total track (steel), 9.17 miles.
HISTORY. — Organized Oct. 18, 1869; opened in
1871. Leased April 26, 1870, at an annual rental
of $26,000, equal to 6 p. c. on its capital stock
and 7 p. c. on its bonds.
FINANCIAL STATEMENT. — Capital stock,
$200,000 ; floating debt, $200.000 — total, represent-
ing cost of road, etc.. $400,000.
MORRIS AND ESSEX EXTENSION RR.
— Junction with Morris and Essex to city of
Paterson. 1.92 m. ; total track (steel, 6.43 m.), 6.63
miles.
POOR'S MANUAL DELAWARE, LACKA WANNA AND WESTERN SYSTEM. 87
HISTORY. — Chartered in May. 1889; opened in
Sept., 1889. Operated by the D., L. & W. RR.. as
lessee of the Morris and Essex RR., under an
agreement to pay 4 p. c. on its stock, etc.
FINANCIAL STATEMENT. — Capital stock,
$221,000 ; Heating debt, $56,675 — total, representing
eofrt of road, $277,675.
MORRIS AND ESSEX RR Hoboken, N.
J.. to Phillipsburg, N. J., 85.21 m. ; Denville to
West End Tunnel, N. J., 34.47 m. — total, 119.68
m. ; 2d track, 94.23 m. ; total track (steel, 379.79
m.), 405.52 miles. Rail, 68 J to 80 Ibs.
HISTORY. — Chartered Jan. 29, 1835 ; opened
to Hackettstown, 53 m.. In Jan., 1854 ; to Phillips-
burg in 1866. Tunnel completed in 1876. Leased
in 1868 to the D., L. & W. RR. Co., the lessee
assuming all liabilities and agreeing to pay 7
p. c. per annum on the capital stock and interest
on the bonds.
INCOME ACCOUNT. — Rental, 1902, $2,586,559 ;
being interest on bonds, $1,536,559, and dividends
(7 p. c.) on stock, $1,050,000.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock, $15,000,000 ; funded debt, $28,077,000 ; sundry
liabilities, $657 — total, $43,077,657. Contra : Con-
struction and equipment, etc., $41,545,492 ; sundry
assets, $432,535 ; profit and loss, $1,099,630 — total,
$43,077.657.
FUNDED DEBT. — The funded debt consists of
(1) $5,000,000 1st 7s of May 1, 1914; (2) $11,677,000
1st consol. guaranteed 7s of June 1, 1915; (3)
$1,800,000 mtge. bonds, due Jan. 1, 1912; and (4)
$9,600,000 1st refunding gold 3is of Dec. 1, 2000.
The refunding bonds, $35,000,000 authorized, are
to be issued for the retirement of underlying
bonds, and to reimburse the D., L. & W. RR. Co.
for expenditures made or to be made on this road.
The mortgage covers the entire property now
owned or hereafter acquired, subject to prior
liens. All of the bonds are assumed and guar-
anteed by the D., L. & W. RR. Co.
CORPORATE OFFICERS. — Wm. H. Truesdale,
Pres. ; Arthur D. Chambers, Sec. ; Fred F. Cham-
bers, Treas., New York, N. Y.
NEWARK. AND BLOOMFIELD RR
Newark Junction to Montclalr, N. J., 4.24 m. ; 2d
track, 2.75 m. ; total track (steel, 10.87 m.), 11.74
miles.
HISTORY. — Chartered March 26, 1852; opened
July 1, 1856. Leased to Morris and Essex RR. at
an annual rental of 6 p. c. on capital stock.
FINANCIAL STATEMENT. — Capital stock,
$103,850; floating debt, $185,227 — total, represent-
ing rost of road, etc., $289,077.
NEW YORK, LACKA WANNA AND
WESTERN RR Binghamton, N. Y., to Inter-
national Bridge, N. Y., 207.17 m. ; Cayuga Ex-
tension, 0.5 m. ; Buffalo City Branch, 6.77 m. —
total, 214.44 m. ; 2d track, 213.23 m. ; sidings,
156.38 m. ; total track (steel ; 60 to 80 Ibs.), 571.29
miles.
HISTORY. — Chartered Aug. 26, 1880; road
opened Sept., 1S82. Leased in perpetuity to the
D., L. £ W. RR. Co. at an annual rental equal-
ing interest on bonds and 5 p. c. on stock, the
lessee assuming all outstanding liabilities, in-
cluding principal on bonds, and receiving all
assets.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock, $10,000,000; funded debt ($12,000,000 1st 6s of
Jan. 1, 1921, $5,000,000 construction 5s of Aug. 1,
1923 ; and $5,000,000 terminal improvement 4s of
1923), $22,000,000 — total, $32,000,000. Cost of road
and equipment, $32,066,537.
CORPORATE OFFICERS. — Wm. H. Truesdale,
Pres. ; Fred F. Chambers, Sec. & Treas. ; Arthur
D. Chambers, Asst. Sec. & Treas., New York,
N. Y.
OSWEGO AND SYRACUSE RR Syra-
cuse, N. Y., to Oswego, N. Y., 34.98 m. ; total
track (steel, 52.77 m.), 60.32 miles.
HISTORY. — Chartered April 29, 1839; charter
amended May 14, 1845 ; opened May 14, 1843.
Leased Feb. 13, 1869, at an annual rental equal to
9 p. c. on capital stock and interest on bonds.
INCOME ACCOUNT. — Rental in 1902, $182,896.
Payments : Interest on bonds, $64,060 ; dividends
(9 p. c.), $118,836.
BALANCE-] SHEET, Dec. 31, 1902. — Capital
stock, $1,320,400; funded debt ($438,000 1st consol.
guaranteed 7s of March 1, 1907 ; and $668,000 guar-
anteed construction 5s of 1923), $1,106,000; due
lessee, $825 — total, $2,427,225. Contra : Cost of
road and equipment, $2,398,561, profit and loss
(assumed by lessee), $28.664 — total, $2,427,225.
PASSAIC AND DELAWARE EXTEN-
SION RR. — June, with Passaic and Delaware
RR. at Bernardsville to Gladstone, 7.41 m. ; total
track (steel), 9.49 miles. Chartered in April,
1890; opened in Sept., 1890. Operated by the D.,
L. & W. RR. as lessee of the Passaic and Dela-
ware RR., under an agreement to pay 4 p. c. on
its stock, etc. Capital stock, representing cost of
road, $UK),060.
PASSAIC AND DELAWARE RR Sum-
mit, N. J., to Bernardsville, N. J., 14.11 m. ; total
track (steel, 16.61 m.), 18.55 miles.
HISTORY. — Organized Oct. 9, 1878, as successor
of the New Jersey West Line RR. Co. The road
was leased, Nov. 1, 1882, to the D., L. & W. RR.
Co.. at a yearly rental of 5 p. c. on the capital
stock.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock, $111,050; due lessee, $32,280 — total, repre-
senting cost of road, $143,330.
UT1CA, CHENANGO AND SUSQUEHAN-
NA VALLEY RY. — Greene, N. Y., to Utica.
N. Y., 75.66 m. ; Richfield June, to Richfield
Springs, 21.75 m. — total, 97.41 m. ; total track
(steel), 132.59 miles. Organized Jan. 11, 1866;
opened Oct. 10, 1872. Leased to the D., L. & W.
RR. Co., April 9, 1870, at an annual rental of 6
p. c. on capital stock. Capital stock, represent-
ing cost of road, etc., $4,000,000.
VALLEY RR. — Pennsylvania State Line to
Binghamton, N. Y., 11.11 m. ; 2d track, 11.11 m. ;
total track (steel), 26.75 miles.
HISTORY. — Organized March 4, 1869; opened
in 1870. Leased to the D., L. & W. RR. Co., April
15, 1869 ; annual rental, interest on bonds and
5 p. c. on capital stock.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock, $750,000; funded debt (1st 5s of Aug. 1,
1911), $400,000; due lessee, $3,358 — total, represent-
ing cost of road, etc., $1,153,358.
WARREN RR. — New Hampton Junction to
Delaware River, N. J., 18.82 m. ; 2d track, 13.83
m. ; total track (steel, 39.95 m.), 40.16 miles.
HISTORY. — Chartered Feb. 12, 1851 ; opened In
June, 1856. Leased to the D., L. & W. RR. Co ,
Oct. 1, 1857 ; annual rental, interest on bonds and
dividends of 7 p. c. on capital stock.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock, $1,800,000; funded debt (see below), $1,394,-
000 — total, $3,194,000. Cost of road, $3,198,702.
FUNDED DEBT consists of $483,000 consol. 1st
7s of March 1, 1905; and $911,000 ($2,000,000 auth.)
1st refunding 3Js of Aug. 1, 2000. The remainder
of the refunding bonds will be used for the re-
tirement of the Ists and to reimburse the D., L.
6 W. RR. Co. for future capital expenditures on
this road.
11. CONTROLLED RAILROADS, OPERATED BY THE D., L. & W. RR. Co., BUT THE
RESULTS OF THEIR OPERATION NOT INCLUDED IN THE INCOME ACCOUNT OF
THAT COMPANY.
m. ; total track (steel, 61.05 m.), 62.76 miles. Rail,
BANGOR AND PORTLAND RY. — Portland
to Bath, Pa., 29 m. ; Nazareth June, to Martin's
Creek, Pa., 4.60 m. ; branches, 4.78 m. ; Easton
and Northern RR. (leased), 8.14 m. — total, 46.52
56 and 60 ll-s.
HISTORY. — Consolidation, July 1, 1899, of the
Bangor and Portland Ry. Co., and the Nazareth
88
POOR'S MANUAL OF RAILROADS — MIDDLE! ATLANTIC <;uol T.
and Leblgh Ry. Co. This company leases 8.14
mi It-.- of the Ea-ston and Northern RR., from Bel-
fast to Easton, Pa., for six years, from Aug. 1,
1896, at SO p. c. of gross earnings. See General
Index for statement of E. & N. RR. Co. The
D., L. & W. RR. Co. controls this company
through ownership of its entire capital stock.
OPERATIONS, year ending Dec. 31, 1902 (see
Sec. 7 in D., L. & W. statement). — Gross earn-
ings, S2rt3.229.18. Operating expenses, $197,056.77.
Net earnings, $66,173.41. Payments : Taxes, $4.-
208.62; interest on bonds, $22,200; rental (E. & N.
RR.), $23,515.78; dividend (Dec.. 1902, 4 p. c.),
$20.400— total, $70,324.40. Deficit, $4,150.99.
DA LANCE SHEET, Dec. 31. 1902. — Capital
stock ($100 shares), $510.000; funded debt ($150,000
1st 6s of Jan. 1, 1930; $100,000 1st 6s of Jan. 1,
1932 ; $70.000 1st 6s of Jan. 1, 1936 ; and $60,000 1st
5s of March 1, 1925, these last being held by
lessee), $380,000 — total, $890,000. Cost of property,
etc., $001.215.
CORPORATE OFFICERS. — W. H. Truesdale,
Pro?. : Fred F. Chambers, Sec. & Treas., New
York, N. Y. Office, 26 Exchange Place, New
York, N. Y.
HANOVER AND NEWPORT RR Near
Plymouth Station to north of Newport Center,
Pa., 3.41 m. ; Auchincloss Branch, 0.63 m. ; War-
rior Run Branch, 2.77 m. — total, 6.81 m. ; total
track (steel), 10.34 miles.
HISTORY. — Chartered March 14, 1894. Tbe
road is completed to two collieries of the D., L. &
W. RR. Co., and Its only earnings are from rents
for the use of its tracks by that company.
CORPORATE OFFICERS. — Wm. F. Hallstead,
Pres , Scranton, Pa. ; Fred F. Chambers, Sec. ;
Arthur D. Chambers, Treas., New York, N. Y.
Office, Scranton, Pa.
1IOPATCONG RR — Junction with Morris
and Essex RR., near Hopatcong, to works of the
American Forcite Powder Manufacturing Co., at
Roxbury, N. J., 0.89 m. ; total track (steel, 2.43
m.), 2.56 miles. The Delaware, Lackawanna and
Western RR Co. acquired possession of this road
on Aug. 16, 1892, By the purchase of its stock.
Its operations are included in those of the D.,
L. & W. RR. Co. Capital stock, $10,000; profit
and loss, $7,485 — total, $17,485, representing cost
of rood.
LACKAWANNA AND MONTROSE RR
Alford to Montrose, Pa., 10.48 m. ; total track
(steel; 68* Ibs.), 11.79 miles.
HISTORY. — Chartered Sept. 30. 1889; road
opened Aug. 24, 1891. Rolling stock supplied by
the D., I.. & W. RR. Co.
OPERATIONS, year ending Dec. 31, 1902 (see
Sec. 7 in D., L. & W. statement). — Gross earn-
ings, $22,658.04. Operating expenses and taxes,
J2i.204.95. Deficit, $1,636.91. Add. dividend paid,
$3,915. Total deficit. $5,551.91.
BALANCK SHEET, Dec. 31, 1902. — Capital
stork ($150.000 auth. ; $50 shares), $130,500; profit
and loss, $15.378 — total, $145,878. Contra : Cost
of road, $130,790 ; other assets, $15,088.
CORPORATE OFFICERS. — E. E. Loomid,
Pres., Scranton, Pa. ; Fred F. Chambers, Sec. &
Tress., New York, N. Y. General Office, Mont-
rose, Pa.
SIS^KX RR — Junction with Morris and Es-
sex RR. near Stanhope, N. J., to Franklin, X. .(.,
24.24 m. ; Lafayette to Branchville, N. J., 6.31 m.
— total, 30.55 m. ; total track (steel, 35.50 in.).
37.64 miles.
HISTORY. — Chartered Feb. 6, 1853; main line
opened Dec. 11, 1854. (See Manual for 1900,
rage 92.)
•OPERATIONS, year ending Dec. 31, 1902 (see
Sec. 7 in D., L. & W. statement). — Gross earn-
ings. $168,457.39. Operating expenses, $105,209.90.
Net earnings, $63.247.49. Payments : Taxes,
$4,656.64 ; interest on bonds, $16,485 ; dividends
(Aug., 1902, 2 p. c.), $32,772 — total, $53,913.64. Sur-
plus, $9,333.85.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock, $1,638,600; funded debt (1st 7s of April 1,
1903), $235,500 — total, $1,874,100. Contra: Cost of
road and equipment, $1,92&,025.21.
CORPORATE OFFICERS.— W. H. Truesdale.
Vice-Pres. ; Fred F. Chambers, Treas. ; A. D.
Chambers, Sec., New York, N. Y. General Office,
26 Exchange Place, New York, N. Y.
SYRACISE AND BALDWINS VILLE RY.
— Connection with D., L. & W. system to village
of Baldwinsville, N. Y., 0.95 m. ; total track
(steel; 56 Ibs.), 1.95 miles.
HISTORY. — Chartered Jan. 27, 1891, as suc-
cessor to the Syracuse and Baldwinsville RR. Co.
(See Manual for 1894, page 13%.) Controlled by
the D., L. & W. RR. Co., through ownership of
stock. This road is practically abandoned, not
having been operated since July, 1892.
BALANCE SHEET, June 30, 1P02. — Capital
stock ($8,620 common and $85,640 preferred; $100
shares), $94,260; funded debt (1st 4s of July 1,
1940), $115,000; Interest on funded debt due and
accrued, $43,882 — total, $253,l'i2. Contra : Cost
of road, $190,932 ; 1st mtge. bonds on hand, $8,000 ;
due from D., L. & W. RR. on open account, $3,011 ;
profit and loss, $51,199 — total, $253,142.
CORPORATE OFFICERS. — Presidency vacant ;
Fred. H. Gibbens, Sec. & Treas. ; O. C. Post, Aud.,
New York,. N. Y. General Office, 26 Exchange
Place, New York, N. Y.
SYRACUSE, BINGHAMTON AND NEW
YORK RR. — Geddes, N. Y., to Binghamton. N.
Y., 80.95 m. ; 2d track, 31.98 m. ; sidings, 42.55
miles. Gauge, 4 ft. 8J in. Rail (steel, 142.15 m.),
60 to SO Ibs.
HISTORY. — Chartered as Syracuse and Bing-
hamton RR. Co., Aug. 18, 1851, and road opened
Oct. 18, 1854. Reorganized, after foreclosure,
April 30, 1857. Controlled by D., L. & W. RR. Co.
OPERATIONS, year ending Dec. 31, 1902 (see
Sec. 7 In D.. L. & W. statement). — Gross earn-
ings, $943,963.28. Operating expenses, $737,580.36.
Net earnings, $206,382.92. Payments r Interest on
bonds, $137,620; taxes, $46,89473; dividends (8 p.
c.), $200,000 — total, $384,514.73. Deficit. $178,131.81.
BALANCE SHEET, Dec. 31. 1902. — Capital
stock. $2,500,000; funded debt (consol. 7s of Oct.
5, 1906), $1,966,000 — total, $4.466,000. Contra: Cost
of road and equipment. $4,648,613.24.
CORPORATE OFFICERS. — W. H. Truesdale,
Pres. ; Fred F. Chambers, Sec. & Treas., New
York, N. Y. General Office, 26 Exchange Place.
New York, N. Y.
Samuel Sloan.. New York, N. Y.
F. W. Vanderbilt "
W. W. Astor...
E. Higgins
Jas. Stillman
M. T. Pyne
H. C. Fahnestock
12. Board of Managers, D., L. d W. RR. Co., elected February 24, 1903.
SAMUEL SLOAN, Chairman of Board New York, N. Y.
H. A. C. Taylor . New York, N. Y. H. McK.Twombly.New York.N. Y.
J.R.Maxwell..
G. F. Baker...
W. Rockefeller.
Frank Work New York, N. Y. | John D. Rockefeller, Jr... New York, N. Y.
WILLIAM H. TBUESDALE, President New York, N. Y.
E. E. Loomis, V 'ice-President in charge of Coal Dept... " " "
B. D. Caldwell, Vice-President in charge of Traffic Dept. " " "
Bee. & Treas. — F. F. Chambers.. New York, N. Y. General Auditor — O. C. Post New York, N. Y.
GENERAL OFFICE 26 Exchange Place, New York, N. Y.
POOR'S MANUAL OP RAILROADS. 89
DELAWARE, SUSQUEHANNA AND SCHUYLKILL RAILROAD COMPANY.
1. Main Line Owned. — Drifton, Pa., to Gowen, Pa 30.63 miles.
Branches : To Mines, Breakers, etc 17.60
LEASED LINE: Tamaqua, Hazleton and Northern BR.: At Koan, Pa 0.41 "
T ,.-•< Lchigh Valley RR.: Long Run Jc. to Lattimer Breakers, Pa. 8.70 "
: \ Lehigh Valley RR.: Lumber Yd. Conn, to Perth Amboy, N. J. 124.18 "
Total length of lines operated, June 30, 1902 181.52 miles.
Sidings (owned, 28.28 m. ; leased, 1.77 m.), 30.05 miles. Gauges, 4 ft. 8y, in. and
(section of main line from Deringer to Gowen, 1.97 m., and Oneida Breaker Branch,
2.28 m.— total, 4.85 m.), 4 ft. 0% in. Rail (steel — owned, 72.54 m.; leased, 2.18 m.—
total, 74.72 m.), 60 and 80 Ibs.
2. History.— Chartered April 14, 1890; road opened, as above, Feb. 15, 1892.
The funded debt of the company was retired by action of the sinking fund, $50,000 in
April, 1901; $225,000 in October, 1901; $75,000 in December, 1901; and $250,000 in Jan-
uary, 1902.
•3. Rolling Stock, June 30, 1902. — Locomotives, 23. Cars — passenger, 1; com-
bination, 2; freight (flat, 9; coal, 1,479), 1,488; service, 18— total, 1,510.
4. Operations, for year ending June 30, 1902. — Train mileage — passenger, 34,346;
freight, 194,263; mixed, 15,815; other, 6,271 — total, 250,695 miles. Passengers carried,
23,091; carried one mile, 194,325; average mile rate, 2.92 cents. Tons freight moved,
1,486,218; moved one mile, 131,839,943; average ton-mile rate, 0.66 cent.
Earnings — Passenger $5,680 65
Freight 869,438 80
Mail 479 20
Miscellaneous ., 64162
Total ($4,827.24 per mile) $876,240 27
Expenses — Maint. Way and Struct $52,58210
Maintenance of Equipment 83,739 84
Conducting Transportation 555,654 07
General 60,61935
Total ($4,146.07 per mile) $752,59536
Net earnings (14.11 p. c.), $123,644.91. Payments: Interest on bonds, $14,029.17;
rentals, $376.16; taxes, $10,080.01; dividends (2y2 p. c.), $37,500; general deprecia-
tion, $61,659.57— total, $123,644.91. Surplus, June 30, 1901, $464,769.79. Paid 2 p. c.
dividend out of the profits of the company to June 30, 1901, $30,000; charged to gen-
eral depreciation, $434,769.79— total, $464,769.79.
5. Capital account, income, etc., for the eight fiscal years ending June 30:
Years.
1895
Capital
Stock.
$
. . . 1,500,000
B nded
Debt.
$
600,000
Cost and
Inv'tm'ts
$
2,151,165
Road
Oper'd
Miles.
182.64
(
]
1
3ross
Earn-
ings.
$
,241,379
Net.
Earn-
ings.
$
302,002
Inter't 1
Paid.
$
36,000
Divid'ds
Paid.
$
400,000
Total Ba)ance
meanyt"s. <"»->
S S
450,456 — 148,454
1896
1,500,000
600,000
2,146,603
182.64
1
,218452
219,130
36,000
66,901 +152,229
1897
. 1,500,000
600,000
2,159,987
182.64
1
,045,202
207,989
36,000
62,521 -t- 145,468
1898
1 500 000
600 000
2 153 558
181 00
1
091 186
141,941
36,000
46,780 + 95,161
1899 . .
. . 1,500,000
600,000
2,150,921
181.74
1
,123,398
183,064
36,000
56,979 -f 126.085
1900
. . . 1,500,000
600,000
2,132,357
180.95
1
,142,463
180,162
36,000
60,000
109,850 + 70,312
1901
. 1,500.000
550,000
2,132,357
180.95
1
,145,262
152,062
35,267
60,000
105,846+ 46.216
1902. .
. 1.5OO.OOO
2.132.357
181.52
876.240
123.645
14.02!)
07 :.0<)
91,985+ 31,660
6. General Balance Sheet, June 30, 1902.— Capital stock ($50 shares), $1,500,-
000; current liabilities, $110,804.15; general depreciation, $546,429.36— total, $2,157,-
233.51. Contra: Cost of road and equipment, $2,132,356.86; materials, etc., $14,242.38;
cash, $2,252.77; current accounts, $8,381.50 — total, $2,157,233.51.
7. Directors (elected Jan. 12, 1903).— Alexander B. Coxe, Eckley B. Coxe, Jr.,
Drifton, Pa. ; Irving A. Stearns, New York, N. Y. ; Henry B. Coxe, Henry B. Coxe,
Jr., Philadelphia, Pa.; S. P. Wolverton, Sunbury, Pa.; Alexander Brown Coxe, Paoli,
Chester County, Pa.
IRVING A. STEARNS, President New York, N. Y.
Treasurer — J. BrJnton White. ...New York, N. Y. | Secretary — Arthur McClellan Drifton, Pa.
GENERAL OFFICE AND AnnnEss Drifton, Luzerne County, Pa.
New York Office 143 Liberty Street, Manhattan.
90
POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
ERIE RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBEBS or SECTIONS.
Bonds and Stocks Pledged
under 1st Consol Mtge 14
Bonds Underlying the Gen.
Lien Bonds 15
Capital Stock, Description of 13
Convertible Gold Bonds 14a
Directors and Officers 21
Earnings and Expenses,
June 30, 1902 8
Earn., Exp., etc., 1896-1902 10
Equipment Trust Obligations 17
Erie Coal Companies, Gen.
Bal. Sheet, June 30, 1902 16
Floating Equip., Details of. . 7
Funded Debt, Details of 14
Gen. Bal. Sheet, June 30, 1902. 12
Gen. Bal. Sheet, 18%- 1902 10
History 5
Income Acct., June 30, 1902. . 8
Income Acct., years 1896-1902. 10
Int. in N. Y., S. & W. RR. Co. 2
Int., Rental, etc.. Details of. 9
Leased Lines, Statements of. 20
Leased Lines, Summary of. . 3
Mile. Operated, June 30, 1902. 1
Operations, 1896-1902 10
Profit and Loss Account 11
Proprie'y Rds., State, of. 18 & 19
Rolling Stock, Details of.... 6
Securities Pledged under 1st
Consol. Mtge 14
Trackage Contracts 4
Voting Trust 13
1. Mileage, June 30, 1902.— A. OWNED ABSOLUTELY (total, 776.98 miles).
Main Line: Piermont to Dunkirk, N. Y 446.64 miles.
Weehawken Branch: Bergen Tunnel, Jersey City to N. J. June. RR 0.43
Newburgh Short Cut : Arden Junction to Vail's Gate Junction, N. Y 12.64
Newburgh Branch: Greycourt to Newburgh, N. Y 18.73
Buffalo Division: Hornellsville to Buffalo, N. Y 92.16
Attica Section : Painted Post via Avon to Attica, N. Y 109.01
Niagara Falls Branch: East Buffalo to Suspension Bridge, N. Y 24.01
International Bridge Br.: Junction to International Bridge, N. Y 4.50
Southwestern Division : Buffalo Creek Junction to Jamestown, N. Y 66.36
Edgerton Branch: Erie Breaker to Edgerton Breaker, Pa 2.50
B. ENTIRE CAPITAL STOCK OWNED (total, 883.18 miles).
Long Dock Co.'s RR 2.56 m.
Newark and Hudson RR &62 m.
Paterson, Newark ft N. Y. RR... 11.33m.
Bergen County RR 9.82 m.
Arlington RR 1.16m.
Bergen and Dundee RR 2.45m.
Jefferson RR . . 44.81 m.
Moosic Mt. & Carbondale RR 4.21 m.
Brought forward 81.97
Erie and Black Rock RR 1.14
Conesus Lake RR 1.61
N. Y., L. E. & W. C. & RR. Co.. 52.34
Nypano RR 421.82
Chicago and Erie RR 249.57
Erie and Wyoming Valley RR. 59.13
Pa. Coal Co. RR., Hawley Br. 15.61
C. MAJORITY OF CAPITAL STOCK OWNED (total, 158.23 miles).
N. Y. & Greenwood Lake Ry 51.66 m.
Middletown and Crawford RR 10.22m.
Elmira State Line RR.., 6.51m.
Brought forward 68.39
Tioga RR. ( inc. A. & P. C. RR. ) . 58.43
Buffalo, Bradford A Pitts. RR. 31.41
D. LEASED LINES (total, 277.27 miles).
Paterson and Hudson River RR. . 13.86m.
Paterson and Ramapo RR 14.03m.
Union RR 0.79 m.
Montgomery and Erie RR 10.43m.
Goshen and Deckertown RR 11.64m.
Rochester and Genesee Vy. RR. .. 18.40m.
Avon, Geneseo A Mt. Morris RR. 15.35m.
Brought forward 84.50
Clevel. A Mahoning Vy. Ry. . . 123.07
Westerman RR 2.09
Sharon Ry 33.07
Youngstown ft Austintown Ry. 8.49
Northern RR. of New Jersey . . 26.05
E. TRACKAGE RIGHTS (total, 58.08 miles).
N. J. Junction RR. : Weehawken Br. to D. & H. Docks, Weehawken, N. J. . 3.02
Northern Central Ry.: Southport June, to State Line June., N. Y 2.31
Philadelphia and Erie RR.: \ J?hnsonburg to Brockwayville, Pa 27.76
( Ridgeway to Daguscahonda, Pa 5.00
Chicago and Western Indiana RR.: State Line, Ind., to Chicago, 111 19.99
Total, on which returns in Sec. 7 are based 2,153.74
OWNED BUT NOT OPERATED: Tonawanda to Lockport, N. Y. (electric line) . 15.12 "
LEASED BUT NOT OPERATED: Avon, Qeneseo and Mt. Morris RR 2.35 "
TRACKAGE RIGHTS FOR THROUGH FREIGHT ONLY:
Fall Brook Ry. : Corning, N. Y., to Newberry June., Pa 109.20
CONTR'D BY OWNERSHIP OF MAJORITY OF STOCK, BUT OPERAT'D SEPARATELY:
New Jersey d New York RR. (see separate statement therefor) 36.87 m.
Trackage: Qarnerville RR. ( see separate statement therefor ).. 1.00m. — 37.87 "
Total mileage of Erie System, June 30, 1902 2,318.29 miles.
POOR S MANUAL ERIE RR. CO.
91
Lines Not Operated. — The Lockport Branch is leased for the term of 999 years
to the International Ry. Co., a street railway corporation. A section of the Avon,
Geneseo and Mount Morris RR., within the village of Mount Morris, 2.35 miles in
length, is leased to the Dansville and Mount Morris RR. Co., under an agreement dated
Jan. 2, 1894, and terminable on thirty days' notice by either party.
Summary of Track Mileage. — Statement of track mileage of the Erie Railroad
System, June 30, 1902:
Owned or Controlled Absolutely. .
Majority of Capital Stock Owned
Leased Lines
Trackage Rights.
First
Second
Third
Fourth
Side and
Total
Track.
Track.
Track.
Track.
Other Tracks.
Track.
M.
M.
M.
M.
• M.
M.
1,675.29
533.24
0.10
0.06
1,047.10
3,255.79
195.10
23.00
71.54
289.64
279.62
116.07
il.77
11.77
228.32
647.55
168.28
30.81
48.55
247.64
Totals 2,318.29 703.12 11.87 11.83 1,395.51 4,440.62
Gauge, 4 ft. 8J/2 in. Rail — iron, 50 to 66 Ibs.; steel (owned, 2,033.07 miles), 36 to
90 Ibs.
The single track railroads of this company and the Cleveland, Cincinnati, Chicago
and St. Louis Ry. Co. parallel each other between Galion and Marion, O., a distance of
about 20 miles. Under an agreement made in June, 1901, that section is operated jointly
by the two companies as a double-track railroad, thereby greatly increasing the carrying
capacity and the safety of operation of both railroads.
2. Interest in New York, Susquehanna and Western Railroad Company.
— In addition to the controlled roads operated directly by it, the Erie RR. Co. controls
the New York, Susquehanna and Western RR. Co. (statement for which see) by owner-
ship of about 97 1-5 per cent, of its capital stock. The property is operated separately
by its own organization.
3. Leased Lines. — The following is a statement of leased lines of the Erie RR.
Co. on June 30, 1902, their terminal points and mileage, the dates and terms of the
leases, and the annual rental charge. The Middletown and Crawford, the Elmira State
Line, and the New York and Greenwood Lake are shown here as leased lines, although
in the main statement of mileage they are classified as railroads controlled by ownership
of a majority of the capital stock. This is done so as to show in one place the railroads
which will sooner or later be consolidated into the Erie, and in the other the details
of rentals for which the company is liable:
TERMINAL POINTS
Length.
Dateof
Lease.
Term of
Lease.
Annual
Rental
Charge.
From
To
Paterson & Hudson Rivrr
Paterson <fe Ramapo RR
Union RR
J.C. (Bridge Cr) ....
Paterson, N. J
Patereon, N. J
State Line, N. Y . . .
Suffern, N Y.
M.
I 28.68 1
10.43
11.64
18.40
17.70
123.07
2.09
33.07
8.49
26.05
10.22
6.51
51.66
Sept. 9, 1852
SepL 9, 1852
Sept.10,1852
Jan. , 1872
Jan. , 1872
July ,1871
Jan. , 1872
July ,1880
Jan. , 1886
Dec. ,1900
May , 1883
June , 1899
Jan. 30, 1882
Aug. 11, 1876
Mav 1.1896
Perpetuity
50 years
Perpetuity
82# years
96'4 '
990
99
Pernetu ty
99 venrs
999 '
999
$
48,400.00
i.>i;,™.oo
3500.00
16,000.00
19,035.00
34,012.00
7,975.00
525,9(57.32
4.000.00
63,348.21
Xii.170.00
10,500.00
H.314.00
73,420.00
State Line, N Y
Montgomery ft, Erie Ry
Goshen A Deckertown Ry
Montgomery, N. Y. . . .
Goshen, N. Y
Goshen, N. Y.
Pine Island, N.Y....
Rochester, N. Y. ...
Mt. Morris, N. Y
Roch & Genesee Vv. RR
Avon, N. Y
Avon, N. Y
See page 102
Westerman RR
Sharon, Pa
Seepage 102
Pa. State Line
Youngstown & Aus'town
Northern RR. of X..T
Middletown A- Crawford RR
Flmira State Line RR
N. Y. & Greenwood Lake Ry
Total
Seepage 103
Bergen Jc., N. J
Crawford Jc.,N.Y. ...
State Line Jc.,N.Y. ..
See page 101
Nyack, N.' Y.'.' '.
Pine Bush, N. Y. . . .
Pa. State Line
34801
925,141.53
4. Trackage Contracts. — For the use of the New Jersey Junction RR. tracks,
the company pays a yearly rental of $6,001 ; for the use of the Chicago and West-
ern Indiana RR. tracks, a proportion of the cost of maintenance and operation, amount-
92 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
ing to $181,020.22 for the year ending June 30, 1902; and for the other "rights," a
percentage of earnings thereunder. By means of the Fall Brook Ry. tracks connection
is made at Williamsport with the Philadelphia and Reading system, giving this com-
pany a through line under its own control to and from the West to the Reading terri-
tory. The Delaware and Hudson Co. uses this company 's tracks between Jefferson
Junction, near Susquehanna, and Carbondale, Pa., and the Wabash RR. Co. uses the
tracks between the two Niagara River bridges and Buffalo, N. Y., together with the
terminals in Buffalo.
6. History. — Reorganization, Nov. 30, 1895, of the New York, Lake Erie and
Western RR. Co., whose property and franchises, including its leasehold of the New
York, Pennsylvania and Ohio RR. and its ownership of the Chicago and Erie RR.,
were sold under foreclosure on November 6, 1895. A detailed history of the system will
be found in the MANUAL for 1897, page 419 et seq. It was decided to vest the reorgan-
ized company, so far as practicable, with the direct ownership of the various properties
comprised in the system, including the principal leased lines. In furtherance of this
object the Buffalo and Southwestern RR. Co. was absorbed on Nov. 19, 1895; the
Lockport and Buffalo Ry. Co. and the Erie International Ry. Co. on November 27, 1895.
The securities of the Nypano RR. Co., a reorganization of the New York, Pennsylvania
and Ohio RR. Co., were purchased in March, 1896. The Suspension Bridge and Erie
Junction RR. Co. and the Buffalo, New York and Erie RR. Co. were absorbed on April
3, 1896; and a company formed on June 11, 1896, by the consolidation of the Union
Steamboat Co. and the Union Dry Dock Co., was absorbed on June 30, 1896. It is in-
tended to gradually absorb the rest of the subsidiary companies, and have the absolute
title to the entire system vested ultimately in the Erie RR. Co.
Sale of Dry Dock. — An advantageous offer having been received for the Union Dry
Dock plant at Buffalo, the machinery, fixtures, docks and good will were sold during the
year ending June 30, 1901, and the land occupied by the plant was leased for a term of
years at an annual rental of 4% p. c. on its value, and all taxes and assessments, an
option being given to the lessees to purchase at a fixed price.
Purchase of Coal, Iron and Railroad Properties. — In order to protect the company's
coal tonnage, and for other reasons, the entire capital stocks of the Pennsylvania Coal
Co., Erie and Wyoming Valley RR. Co., Dunmore Iron and Steel Co. and Delaware
Valley and Kingston RR. Co. were purchased on January 10, 1901. The Delaware
Valley and Kingston RR. is a projected road from the Wyoming coal fields to the Hud-
son River at Rondout, part of which is in course of construction. The purchased proper-
ties were paid for with the proceeds from the issue of $32,000,000 of Pennsylvania
collateral trust 4 p. c. bonds and $5,000,000 of 1st preferred stock. The lease of the
Hawley Branch of the Pennsylvania Coal Company's RR. at a rental of $50,000 per
annum was cancelled as a result of the purchase. The Pennsylvania coal property was
taken over by the Erie RR. Co. as of January 16, 1901, and the Erie and Wyoming Val-
ley RR. as of March 1, 1901.
Erie Coal Companies. — With the exception of the directors' shares, the Erie RR. Co.
owns the entire capital stock of the Pennsylvania Coal Co., Hillsdale Coal and Iron Co.,
Blossburg foal Co. and Northwestern Mining and Exchange Co., comprising what are
called the Erie Coal Companies. A consolidated general balance sheet of these com-
panies will be found in Sec. 16, showing their financial condition on June 30, 1902. The
income account of the Erie RR. Co. (Sec. 8) is credited with $1,702,490.90 as the net
revenue received from the coal companies at the close of the fiscal year.
Capital Eeceipts and Expenditures since Reorganization.— Of the $2,750,655.22
of securities for construction purposes received from the Erie Reorganization Com-
mittee, all except $94,000 have been converted into cash as follows: Buffalo and South-
western. RR. 2d lien bonds, $115,200 sold for $126,720; Erie RR. prior lien bonds,
$405,000 sold for $414,000; Erie RR. general lien bonds, $1,034,400 sold for $1,214,908.93;
POOR S MANUAL — ERIE RR. CO.
93
New York and Greenwood Lake Ry. prior lien bonds, $364,055.22 sold for $385,570.22;
Delaware and Hudson exclusive car trust certificates, $630,000, and car trust of New
York certificates, $108,000, both sold at par— total, $2,656,655.22 sold for $2,879,199.15.
In addition to these securities there have been certified by the trustee and delivered to the
Erie RR. Co., to reimburse it for expenditures already made, $5,000,000 of the company's
prior lien bonds and $2,000,000 of its general lien bonds. The $2,000,000 general lien
bonds and $4,000,000 of the prior lien bonds have been converted into cash, the company
realizing $1,634,111.11 from the sale of the former and $3,599,884.27 from the sale of
the latter, or a total of $5,233,995.38. There remained in the treasury, applicable to
construction purposes, $94,000 car trust of New York certificates and $1,000,000 Erie
RR. prior lien bonds.
The Erie RR. Co. received cash from all sources for construction and equipment
purposes from December 1, 1895, to June 30, 1902, as follows: From sale of Erie and
Wyoming Valley RR. stock, $5"00,000; in settlement with the National Transit Co. on
account of an old claim, $500,000; from Erie Reorganization Committee, $4,343,850.13;
from sale of securities received from Erie Reorganization Committee, $2,879,199.15;
from sale of securities received from trustee, $5,233,995.38; from sale of P. C. & Y. RR.
bonds, turned over to the company by the receivers of the New York, Lake Erie and
Western RR. Co., $2,506; from sale of capital stock of the Northern RR. Co. of New Jer-
sey, originally paid for by the Erie Reorganization Committee from construction funds,
and sold by the Erie RR. Co., $457,867.50; on account of the sale of the Union Dry Dock
franchises, etc., $200,000; returned by the English Government on account of special
tax deposit by the Erie Reorganization Committee, $107,989.22; received to purchase
Erie and Wyoming Valley RR. equipment, $230,227.05 — total, $14,455,628.43. During
the same period expenditures were made as follows : For purchase of Northern RR. Co. of
New Jersey stock, as explained before, $457,867.50; for new construction, $4,960,574.70;
for new equipment, $9,001,887.15; for retirement of old New York, Lake Erie and West-
ern car trusts, $1,729,611.68; for payment of mortgages on real estate, $65,000; dis-
bursed on account of Union Steamboat Co. in liquidating its affairs and in building or
acquiring additional property, $348,377.50; in liquidating the receivership of the New
York, Lake Erie and Western RR., $124,972.43 — total, $16,688,290.96. This shows that
to June 30, 1902, the company had expended $2,232,662.53 from its current cash for
construction and equipment purposes, for which it was entitled to be reimbursed in part
from the proceeds of the sale of the $1,000,000 prior lien bonds in the treasury arid
from $1,000,000 general lien bonds, to which it was entitled, but which had not been
obtained from the trustee.
In addition to the above, the company had expended for construction on the Erie
and Wyoming Valley RR., and on account of the Pennsylvania Coal Co. and the Dela-
ware Valley and Kingston RR. properties, $363,126.51, for which it was entitled to be
reimbursed from the proceeds of the sale of its Pennsylvania collateral bonds in the treas-
ury.
O. Rolling Stock, June 30, 1902. — Locomotives, 1,154. Cars, 54,238, as follows :
Passenger 542
Baggage and Passenger 11G
Baggage 47
Baggage and Express 36
Baggage and Mail 25
Postal 13
Express 83
Emigrant 18
Dining 6
Caf^ 7
Milk 16
Horse and Carriage 2
Business and Pay 10
Total Passenger Cars 951
Box 23,992
Furniture U9
Flat 1,830
Stock 881
Gravel Dumps SO
Coal and Ore Side Dumps. 142
Gondola 23,594
Refrigerator 699
Butter, Cheese & Produce. 1,170
Horse 75
Wagon and Special 30
Total Freight Cars 52,592
Caboose 468
TooI.Derrick & Steam Hoist. 91
Snow-plows and Flangers ... 12
Steam Shovels 6
Scale Test 1
Pile Driver 3
Poling G
Cinder 100
Miscellaneous 8
Total Service Cars 695
94
POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
7. Floating Equipment. — In New York Harbor; 8 ferryboats, 13 tugs, 6 ocean
barges, 0 Sound barges, 3 steam barges, 1 steam cattle boat, 3 steam hoists, 18 open
barges, 30 covered barges, 24 car floats, 421 canal and transfer boats and 2 steam wrecking
pumps. On Greenwood Lake: 1 passenger steamer. On the Great Lakes (Union Steam-
boat Co.) : 2 wooden and 6 steel steamers.
8. General Income Account, year ending June 30, 1902.
Ean lug*— Railroad :
Passenger $7,639,501 43
Freight and Coal 28,325,28875
Mali and Express 1,246,740 Jl
Kents and Miscellaneous 1,197,695 OS
Total ($17.833.73 per mile) $38,409,22537
Water Routes 2,032,82526
Shipping and Coal Storage Plants 169,447 24
Elevators, Stock Yards, etc 282.936 02
Gross Earnings $40,894,433
Net Earnings (34.21 p. c.) $13,988.90140
Interest on Securities Owned 241,93416
Interest and Discount 78283
Income from Erie Coal Companies. . . 1,702,490 90
Expenses— Railroad :
Maintenance Way and Structures.. $3.694,216 41
Maintenance of Equipment 5.381,279 87
Conducting Transportation 14,610,164 fil
General Expenses 934,464 82
Total ($11.431.33 per mile) $24,620,12571
Water Routes 1,939,44914
Shipping and Coal Storage Plants 130,66507
Elevators, Stock Yards, etc 215,29257
Operating Expenses $26,905,532 49
Additions and Improvements $249,501 50
Taxe-, 1,021.56620
Interest, Rentals, etc. (see Sec. 9)... 10.278,364 58
Dividends on 1st Preferred Stock 1,436,772 00
Balance to Credit of Profit and Loss. . 2,947,905 01
Total $15,934,109 29 Total $15,934,109 29
The gross earnings, operating expenses and net earnings are from the operation of the entire
Erie System, exclusive of the New Jersey and New York RR. and the coal companies.
With a view of determining the actual expense of maintaining and operating the railroad, inde-
pendent of other operations in which the company is interested, and to conform to the best known
(Continued on next page.)
9. Details of Interest, Rentals, etc., year ending June 30, 1902.
Accrued Interest on Bonds (total, $8,396,891.08) :
N. Y. & E. 1st mtge. bonds, $2,482,000, at 4 p. c
N. Y. & E. 2d mtge. bonds, $2,149,000, at 5 p. c
N. Y. & E. 3d mtge. bonds, $4,617,000, at 4 J p. c 207,76
N. Y. & E. 4th mtge. bonds, $2,926,000, at 5 p. c 146,30
N. Y. & E. 5th mtge. bonds, $709,500, at 4 p. c
Buffalo Branch mtge. bonds, $182,600, at 4 p. c 7-30
E. Ry. Co. 1st consol. mtge. bonds, $16,891,000, at 7 p. c 1,182,370 0'
N. Y., L. E. & W. 1st consol. funded coupon, $3,699,500, at 7 p. c 258,96
Newburgh & N. Y. RR. Co. bonds, $250,000, at 5 p. c 12,500
E. RR. Co. prior lien bonds, 4 p. c. on $35,000,000 1,400,000 00
E. RR. Co. general lien 4 p. c. bonds, $34,885,000 for 6 mos. and $35,885,000
for 6 mos ''.; 1,415,400 00
Buff. & S. W. RR. Co. 1st mtge. bonds, $1,500,000, at 6 p. c 90,000 00
E. RR. Co., B. & S. W. Div. 2d lien bonds, $1,000,000, at 5 p. c 50,000 00
Buff., N. Y. & E. RR. bonds, $2,380,000, at 7 p. c 166,600 00
Honesdale Branch bonds, $204,000, at 4J p. c 9,180 00
Honesdale Branch bonds, $96,000, at 6 p. c 5,760 00
Jefferson Branch bonds, $2,800,000, at 5 p. c 140,000 00
Bergen County RR. bonds, $200,000, at 6 p. c 12,000 00
N. Y., L. E. & W. D. & I. Co. bonds, $3,396 000, at 6 p. c 203,760 00
N. Y., L. E. & W. C. & RR. Co. bonds, $1,100,000, at 6 p. c 66,000 00
Long Dock Co. bonds, $7,500,000, at 6 p. c 450,000 00
Tioga RR. Co. 1st mtge. bonds, $239,500, at 5 p. c 11,975 00
Tloga RR. Co. Ext. mtge. bonds, $265,000, at 7 p. c 18,550 00
Elmira State Line RR. bonds, $160,000, at 7 p. c 11,200 00
N. Y.. P. £ O. prior lien bonds, $8,000,000, at 4J p. c 360,000 00
Erie RR. Pennsylvania collateral trust 4 p. c. bonds, $32,000,000 for 1 mo. ;
$33,000,000 for 11 mos 1,316,666 67
Chic. & Erie 1st mtge. bonds. $12,000,000, at 5 p. c 600,000 00
Chic. & Erie non-cum. 5 p. c. income bonds 4,485 41
Chic. & Atl. Ry. Term, bonds, $300,000, at 5 p. c 15,000 00
Accrued Rentals : Union RR., $3,500 ; Paterson & Ramapo RR., $26,500 ; Paterson
& Hudson RR., $48,400 ; Montgomery & Erie Ry., $16,000 ; Goshen & Decker-
town Ry., $19,035 ; Rochester & Genesee Valley RR., $34,012 ; Middletown &
Crawford RR., $10,500; Elmira State Line RR., $6,314; New Jersey Junction
RR., $6,001 ; Avon, Geneseo 6 Mt. Morris RR., $7,975 ; Sharon Ry., $63,348.21 ;
Westerman RR., $4,000 ; New Castle & Shenango Valley RR., $6,250 ; Cleve-
land & Mahoning Valley Ry., $525,967.32 ; New York & Greenwood Lake Ry..
$73,420 ; Chicago & Western Indiana RR., $181,020.22 ; Northern RR. of New
Jersey, $86,170 1,112,162 75
Proportions due leased lines worked on a percentage of earnings 215,697 00
Accrued Interest on Equipment Trusts 298,589 89
Accrued Interest on Mortgages 37,410 70
Accrued Interest on Construction 17,956 07
Pennsylvania Coal Co. Sinking Fund 199,657 09
ToUl $10.278,364 58
POOR S MANUAL — ERIE RR. CO.
95
practice, a change has been made in the method of accounting, under which the earnings and
expenses of the rail lines are now shown separately from those of water routes, shipping and coal
storage plants, elevators, stock yards, etc. The plan also provides for a separate account of addi-
tions and improvements payable out of income, to be shown as a deduction from net earnings instead
of being included in operating expenses. With this method of accounting it will be possible here-
after to show the actual cost of maintenance and operation, and the extent of improvements made
to the property. For the purpose of making comparison with previous years the condensed Income
account in Sec. 11 has been prepared on the former basis.
1O. Traffic operations, income and general accounts, for seven years ending June 30:
1866
1897
1898
1899
1900
1901
1902
Average Miles Worked.
2,098.11
8,198,971
15,942,392
2,124.94
8,068,248
14,264,2%
2,124.34
8,128,690
15,186,023
2,109.44
8,176,805
15,277,747
2,109.44
8,106,198
13,978,134
2,111.58
8,241,102
13,300,036
2,153.74
8,514,974
12,632,532
Freight Train Mileage
Total Revenue Mileage
24,141,363
15,333,568
385,074,051
21,785,922
11,641,128
10,144,794
4,009,162,138
2,683,186,295
1,325,975,843
I
6,049,754
16,766,499
6,660,447
2,168,787
22,332,544
14,763,343
370,028,876
20,122,086
10,566,780
9,555,306
3,939,679,175
2,658,587,494
1,281,091,681
S
5,742,807
16,609,449
6,867,135
2,277,640
23,314,713
15,001,653
383,390,464
23,643,425
12,701,740
10,941,685
4.556,349,307
3,117,611,646
1,438,737,661
$
5,957,704
18,081,022
7,380,881
2,342,253
23,454,552
15,222,353
409,987,217
24,916,944
13,553,304
11,363,640
4,834,775,283
3,189,734,949
22,084.332
16,527,876
446,190,767
26,947,892
14,246,636
12,701,256
5,157,955,975
3 259 989 754
21.541,138
17.209,900
469,670,388
25,999,602
13,725,395
12,274,207
4,989,581,988
3,150,581,872
21,147,506
18.597,550
524,679,237
27,697,159
15,286,081
12,411,078
4,756,339,949
3,094,640,680'
1,661,669,269
$
8,075,726
20,995,608
9,235,507
2.627.593
Freight (tons^ Moved
Coal
Freight (ton) Miles
General Freight
Coal
Earnings— Passenger
General Freight
Coal
1,645,040,334
S
6,310,444
17,817,942
7,191,482
2,432,836
1,893,166,221
S
6,905,224
20,152,763
8,675,226
2,559,819
1,839,000,116
$
7,278,054
20,247,910
9,037,086
2,539.252
Other
31,645,487
23,009,711
31,497,031
22,448,146
33,740,860
24,560,117
33,752,704
24,178,995
38,293,032
27,451,082
39.102.302
27,337,579
40,894,434
27.155,034
8,635,776
9,048,885
313,514
9,180,743
413,368
9,573,709
557,576
10,841.950
420,108
11,764,723
1,496,078
13,739,400
1,945,208
Other Receipts
Net Income
9,362,399
884,097
1,311,365
6,533,616
281,302
9,594,111
877,921
1,382,300
6,465,832
234,141
10,131,285
990,931
1,448,625
6,842,679
195,352
11.262,058
997,523
1,391,784
6,921,623
287,698
13,260,801
1,069,395
1,362,892
7,541,730
463,627
718,386
15,684,608
1,021,566
1,327,860
8,3%,891
553,614
1,436.772;
Taxes
Lease Rentals
Interest on Bonds
Other Charges
1st Pref . Dividends
Total Payments
9.010,380
352,019
14,82257
10,564 13
4,25844
74.08 p. c.
1.552 c.
0.5% c.
0.625 c.
0.536 c.
$
146,000,000
137,184,100
6,646,905
6,223,472
503,728
8,960,194
633,917
15,883 01
11,56129
4,321 72
72.79 p. c.
1.554 c.
0.558 c.
0.579 c.
0.51 Ic.
S
171,090,300
137,044,100
5,723,810
6,248,624
1.137.645
9.477,487
653,798
16,00081
11,462 28
4,538 53
71.64 p. c.
1.539c.
0.517 c.
0.559 c.
0.437 c.
S
171,140,800
140,418,100
4,351,821
6,815.971
1,791,443
9,598,628
1,663,430
18,15320
13,016 16
5,13704
71.69 p. c.
1.548 c.
0.559 c.
0.618 c.
0.457 c.
S
171,240,200
141,418,100
5,435,061
6,857,979
3.454,874
11,156,030
2,104,770
18,51803
12,946 50
5,571 53
69.91 p. c.
1.550 c.
0.587 c.
0.645 c.
0.493 c.
$
176,271,300
175,904,100
7,095,115
7,103,028
6,278,030
12,736,703;
2,947,905
18.987 61
12,60832
6,379 29
66. 40 p. c.
1.539 c.
0.635 c.
0.677 c.
0.556 c.
$
176,271,300
178,932,100
K,tiO:>,2*0
7.773,875
8,449.615
Balance Surplus
Gross Earnings per Mile
Operating Expenses per Mile. . .
15,08283
10,96688
4,11595
72.71 p. e.
1.571 c.
0.584 c.
0.625 c.
0.502 c.
S
140,000,000
137,704,100
6,416,684
5,197,826
151.709
Expenses to Earnings
Earnings per Pass, per Mile ....
Earnings per Ton per Mile
General Freight Rate
Coal Rate
Capital Stock
Funded Debt
Other Obligations
Current Liabilities, etc
Total Liabilities
295,470,319
286.355,165
1,021,461
382,899
2.725,332
4,985,462
296.558.205
285.100.510
995,870
433,3%
4,698,459
5,329,970
321,244,479
285,361,789
1,046,869
486,878
29,842,028
5,506,918
324,518,135
288,876,916
1,072,336
543,660
27,807.372
6,217,851
328,406,214
292,193,321
2,004,402
603,943
27,528,180
6,076.368
372,651,573
346,710,304
2,043,665
667.944
15,151,523
8,078,137
380,029.170
351.216,818
2,193,447
735,892
17.757,990
8.125,023
Road and Equipment
Materials and Supplies
C. 4 W. I. RR. Sinking Fund . .
Cash and Other Assets
Total Assets
295,470,319
2961558,:.>0.r,
321,244,479
324,518,135
328,406,214
372,651.573
380,029,170
The reorganized company commenced operations on Dec. 1, 1895, and its first report
was for the seven months ending June 30, 1896. As the operations for such a period
would be of little value in a comparison by fiscal yeara the operations for the entire year
96
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
ending June 30, 1896, of practically the same mileage as was operated during the follow-
ing fiscal years, are given in place of them.
11. Profit and LOSS Account, June 30, 1902. — Credit balance, June 30,
1901, $6,278,030; surplus income for year, $2,947,905.01; miscellaneous credits, $352.89 —
total, $9,226,287.90. Deductions: Dividend No. 1 on 1st preferred stock, payable Aug. 30,
1901, declared out of the surplus for half year ending June 30, 1901, $718,386; various
charges, account of bad debts, etc., $58,286.47 — total, $776,672.47. Credit balance, June
30, 1902, $8,449,615.43.
12. General Balance Sheet, June 30, 1902.
Capital Stock — First Preferred Non-cumulative $47.892,400 00
Second Preferred Non-cumulative 16,000,000 00
Common 112,378,900 00 — $176,271,300 00
Bonded Debt — Erie RR. Co 142,671,600 00
Leased Lines 23,960,500 00
Chicago & Erie RR. Co 12,300,000 00 — 178,932,100 00
Construction Obligations — Erie RR. Co 488,177 18
N. Y., L. E. & W. RR. Co 48,000 00 — 536,177 18
Mortgages on Real Estate 763,325 00
Equipment Trusts Outstanding 7,302,777 95
Interest and Rentals Accrued, not Due 1,614,978 45
Dividend No. 3 on 1st Preferred Stock, Payable Aug. 30, 1902. 718,386 00
Reserve Funds 389,853 93
Accrued Pennsylvania Coal Co. Sinking Fund 306,401 44
Current Liabilities — Interest on Bonds Due and Unpaid 1,725,360 72
Interest on Equipment Due and Unpaid. . . 49,140 71
Rentals on Leased Lines Due and Unpaid. . 153,764 85
Interest on Construction 3,307 08
Interest on Mortgages 5,286 75
Pay Roll Account 1,387,724 45
Audited Vouchers 1,259,786 29
Due Connecting Lines 159,884 04 — 4,744,254 89
Profit and Loss 8,449,615 43
Total Liabilities $380,029,170 27
PEB CONTRA.
Cost of Road and Equipment as Reorganized — Erie RR. and
Leased Lines $244,486,709 86
Securities Pledged under First Consolidated Mortgage Deed.. 65,366,850 00
Securities Pledged under Pennsylvania Collateral Trust Deed. 20,010,000 00
Securities Pledged under Chicago and Erie First Mortgage
Deed 1,240,000 00 — $331,103,559 86
Additions since Dec. 1, 1895, under Reorganization Plan :
Construction 5,811,878 39
New Equipment 14,301,380 24 — 20,113,258 63
Total Cost of Road and Equipment $351,216,818 49
New York and Greenwood Ry. Account of Construction aud
Equipment 396,100 42
Miscellaneous Securities Owned — Held for General Purposes. . . $2,216,518 20
Held for Const. Purposes.... 2,344,000 00
To be Pledged under 1st Con-
sol. Mtge. Deed 578,926 00 — 5,139,444 20
New York, Susquehanna and Western RR. Capital Stock :
Preferred : 6,262,400 00
Common 5,748,900 00 — 12,011,300 00
Materials and Supplies on Hand 2,193,447 00
Chicago and Western Indiana Sinking Fund 735,892 29
Penna, Collateral Sinking Fund — $222,000 Bonds Redeemed. . . . 211,115 63
Balance of Cash in Fund 29 74 — 211,145 37
Total Plant and Invested Assets $371,904,147 68
Line Traffic Association and Agency Funds 29,282 59
Due from Subsidiary Companies 563,293 11
Insurance and Expenses Paid, not Accrued 34,898 43
Current Assets — Cash in hands of Treasurer $4,617,271 60
Cash in transit from Agents and Conductors. . 875,740 80
Due from Agents and Conductors 633,915 70
Due from United States Government 118,405 68
Due from Companies and Individuals 1,252,214 68 — 7,497,548 46
Total Assets $380,029,170 27
13. Capital Stock and Dividend*. — The capital stock authorized is $177,000,000, «on-
sistlng of $48,000,000 1st preferred stock, $16,000,000 2d preferred stock, and $113,000,000 com-
mon stock. The 1st preferred stock is entitled to 4 p. c. non-cumulative dividends, payable out of
net earnings before any payments can be made on either second preferred or common stock. The
2d preferred stock is entitled to 4 p. c. non-cumulative dividends before any payment can be made
on common stock. All classes of stock (except 100 shares of common) are deposited with J. P.
Morgan, Louis Fitzgerald, ana Sir Charles Teunant, as voting trustees, to be held by them and their
Railroad Map of New Jersey and Pennsylvania.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARO
THEO. II. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1903, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1903.
IKCHAVIO iv /mtmON »AHK MOTI CO., NEW YOR»
NEW JERSEY AND PENNSYLVANIA.
Railroad Map of New Jersey and Pennsylvania.
PENNSYLVANIA RAILROAD.
DIRECT THROUGH LINE
TO THE
West, South, Southwest, and Northwest.
THROUGH PULLMAN VESTIBULE SLEEPING CARS
FROM THE CITIES OF THE EAST TO
CHICAGO, ST. LOUIS, CLEVELAND, CINCINNATI, INDIANAPOLIS. LOUISVILLE,
WASHINGTON, ATLANTA, NEW ORLEANS, JACKSONVILLE.
A Magnificent Four-Track Railway,
laid with Steel Rails and Stone Ballasted, and protected from accident by the most
approved appliances of modern times, over which run daily
between New York and Chicago,
THE CELEBRATED PENNSYLVANIA LIMITED
AND THE CHICAGO LIMITED,
Of Pullman Vestibule Drawing-room, Sleeping, Dining, Smoking, and Library Cars,
heated by Steam and lighted by Stationary and Movable Electric Lights.
W. W. ATTERBURY, Gen. Man. J. R. WOOD, Q. P. A.
POOR S MANUAL BRIE RR. CO.
97
successors, jointly, until the first preferred stock shall have received 4 p. c. cash dividends in one
year, although the voting trustees may, in their discretion, deliver the stock at any earlier date
Dividends of 1J p. c. each were paid on the 1st preferred stock on Aug. 30, 1901 Peb 28 1902 and
Aug. 30, 1902. It is provided that no additional mortgage can be put upon the property nor the
amount of either class of preferred stock be increased, without the consent of a majority of the
whole amount of each class of preferred stock and of such amount of common stock as shall be
represented at any meetings of stockholders which may be called for the purpose of voting on these
questions, the holders of each class of stock voting separately. The company reserves the right to
redeem at any time either or both classes of its preferred stock at par in cash if allowed by law
14. Funded Debt. — The funded debt outstanding on June 30, 1902 — total $178 932 100 as
per general balance sheet — consisted of the several issues of bonds listed in the following statement
Additional particulars respecting any issue will be found in the paragraph relating thereto
joined to the statement.
Leased Lines ($23,960,500).
17,500,000 Long Dock 1st gold 6s of Oct 1 1935
204,000 Honesd. Br. 4Js of July 1, 1927, int. J &J
96,000 Honesd. Br. 6s of Jan. 1, 1929, int. J & J
2,800,000 Jeff. Branch 1st gold 5s of Jan. 1, 1909.
200,000 Uergen County 6s of April 1, 1911, int.
A & O
3,396,000 N. Y., L/B. & W., D. & I. 6s of 1913, int
J. & J.
1,100,000 N. Y., L. E. & W.( C. & RR. 6s of 1922
int. M. & N.
239,500 Tioga 1st gold 5s of Nov. 1. 1915, int.
M. & N.
265,000 Tioga Ext. 7s of Oct. 1. 1905, int. A. & O.
160,000 E. S. L. RR. 1st 7s of Oct. 1, 1905, int.
A. & O.
8,000,000 N. Y., P. & O. Prior Lien gold 4Js of 1935.
Erie RR. Co. ($142,671,600).
$2,482,000 1st 4s (ext.) of May 1, 1947, int. M. & N.
2,149,000 2d gold 5s (ext.) of Sept. 1, 1919, int.
M. & S.
4,617,000 3d gold 4|s (ext.) of Mar. 1, 1923, int.
M. & S.
2,926,000 4th gold 5s (ext.) of Oct. 1, 1920, int.
A. & O.
709,500 5th gold 4s (ext.) of June 1, 1928, int.
J. & D.
182,600 Buffalo Br. 4s (ext.) of July 1, 1931, int.
J. & J.
16,891,000 1st consol. gold 7s of Sept. 1, 1920.
3,699,500 1st con. (N. Y., L. E. & W.) gold 7s of
Sept. 1, 1920.
35,000,000 Prior Lien gold 4s of Jan. 1, 1996, int.
J. & J.
35,885,000 Gen. Lien gold 4s of Jan. 1, 1996, int.
J. & J.
250.000 N. & N. Y. 1st gold 5s of Jan. 1. 1929.
2,380,000 B. N. Y. & E. gold 7s of June 1, 1916.
1,500,000 B. & S. W. 1st gold 6s of July 1, 1908.
1,000,000 S. W. Dlv. 2d gold 5s of July 1, 1908.
33,000,000 Pa. Coll. Tr. gold 4s of Feb. 1, 1951.
New York and Erie RR. Bonds. — The 1st, 2d and 3d mtge. bonds are secured in the order of .
their priority on the main line from Pierrnont to Dunkirk ; the 4th and 5th mtge. bonds are secured
on the main line and also on the Newburg Branch.
Buffalo Branch Gold Bonds. — Secured on the part of the Buffalo Division extending from Hor-
nellsville to Attica, N. Y., 60.79 miles.
Erie Ry. First Consolidated Mortgage Gold Bonds. — Secured on the main line from Piermont to
Dunkirk and on the branches to Newburg and to Attica, in all 526.29 miles, but subject to the liens
of the prior mortgages ; also on various leasehold interests in 213.13 miles of road, subject to prior
mortgages aggregating $2,960,000.
N. Y.} L. E. d W. RR. First Consolidated Funded Coupon Gold Bonds. — Secured same as Erie
Ry. 1st consol. mtge. bonds.
Erie RR. First Consolidated Mortgage Gold Bonds. — Secured on the entire property of the com-
pany, whether now owned or hereafter acquired, but subject to the liens of prior mortgages. Addi-
tionally secured by deposit in trust of securities of subsidiary companies to the amount of $65,366,-
850, as follows :
Chicago «£ Erie RR. ($12,300,000).
12,000,000 C. & E. 1st gold 5s of May 1, 1982.
300,000 C. & A. Term, gold 5s of July 1, 1918.
STOCKS.
Total Amount
Amount. Pledged.
$ $
Jefferson RR. Co 2,095,450 2,095,450
Buff., Bradford & Pitts. RR. Co. 2,286,400 2,204,900
Bergen County RR. Co 200,000 200,000
Newark & Hudson RR. Co 250,000 250,000
Middletown & Crawford RR. Co. 122,200 120,650
Paterson. Nwk. & N. Y. RR. Co. 250,000 250,000
Bergen & Dundee RR. Co 40,000 40,000
Long Dock Co 800,000 800,000
N.Y..L.E.&W. Docks & Imp. Co. 604,000 604,000
Buffalo Creek RR. Co 250,000 125,000
Chicago & Erie RR. Co 100,000 100,000
Pavonia Ferry Co 100,000 100,000
Hillside Coal and Iron Co 1.000,000 1,000,000
N. W. Mining and Exchange Co. 500,000 500,000
Blossburg Coal Co 1.000,000 1,000.000
Tioga RR., preferred 189,700 189,700
Tioga RR., common 391,200 390,900
Elraira State Line RR. Co 90,200 69,200
Arnot & Pine Creek RR. Co.... 255,000 255,000
Conesus Lake RR. Co 18,750 18,750
STOCKS Total Amount
Amount. Pledged.
Nypano RR 20,000,000 19,999,100
Total Stocks 30,542,900 30,312,650
BONDS.
Buff.. Bradford & Pitts. RR.. 580,000 580,000
Middletown & Crawford RR. . 66,000 57.200
Newark & Hudson RR 250,000 250,000
Paterson, New'k ft N. Y. RR. . 500,000 499,000
N.Y..L.E.&W. Dks. & Imp. Co. 4,000.000 604,000
N.Y..L.E. & W. Coal & RR.Co. 3,000.000 1,900,000
Susp. Bridge & Erie Jc. RR.. 1,000,000 1,000,000
Chicago & Erie RR 10,000,000 9,899.000
Nypano RR 20,000,000 20,000,000
Tioga RR. 3d Rail 125,000 125.000
Lockport & Buffalo Ry 140,000 140,000
Total Bonds 39,661,000 35,054.200
Total Stocks and Bonds. . . 70,203,900 65,366,850
The bonds are practically, either by mortgage or by collateral trust, a first lien upon the com-
pany's principal coal properties (except the Penna. Coal Co.) upon its water transportation lines,
including valuable terminal properties appurtenant thereto, and upon a number of local lines in
New Jersey and near Buffalo; a second lien (subject only to the mortgages securing some of the
divisional bonds listed in the statement of funded debt) upon the remaining coal properties and tho
railroads leading to all the coal properties, upon the terminals at Jersey City, upon the Buffalo, New
York and Erie RR. (the main line to Buffalo), and the terminal properties in Buffalo other than
those upon which it is a first Hen, and upon the line from Salamanca to Chicago ; and a general lien
98 POOR'S MAXITAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
upon the lines of the original Brie Ky., between Piermont and Dunkirk. Tbe mortgage authorizes
$176,000,000 of bonds, $35,000,000 of them being prior In lien to the rest, which are designated
general litvi bonds. All the prior lien bonds have been issued, but $1,000,000 of them were held in
(he treasury of the company on June 30, 1902. On the same date there remained unissued $104.-
115,000 of the general lien bonds, $15,000,000 of them to be issued only for new construction and
at the rate of not more than $1,000,000 a year, and the rest only for the retirement of prior liens
and the purchase of capital stock of subsidiary companies. (See MANUAL for 1896, page 532.)
After the expiration of the voting trust under which the capital stock of the company is pooled,
voting power will attach to these 1st consol. mtge. bonds at the rate of ten votes for every $1,000
of bonds.
Newburgh and New York RR. Gold Bonds. — Secured by first mortgage on the line from Arden
Junction to Vail's Gate Junction, N. Y., 12.64 miles.
Buffalo, New York and Erie RR. Gold Bonds. — Secured by first mortgage on the line from
Painted Post, near Corning, to Buffalo, N. Y., 140.25 miles.
Buffalo and Southwestern First Mortgage Gold Bonds. — Secured on the line from Buffalo Creek
Junction, Buffalo, to Jamestown, N. Y., 66.36 miles.
Buffalo and Southwestern Division Second Lien Cold Bonds. — Issued by the Erie RR. Co. in the
purchase of the Buffalo and Southwestern RR. Secured by a second mortgage on that line.
Pennsylvania Collateral Trust Gold Bonds. — These bonds are a direct obligation of the Erie
RR. Co., and are secured by the deposit in trust of the capital stocks of the Pennsylvania Coal Co.,
Erie and Wyoming Valley RR. Co. and Delaware Valley and Kingston Ry. Co., and of 51 p. c.
(66,300 shares of preferred and 66,300 shares of common) of the total outstanding capital stock of
the New York, Susquehanna and Western RR. Co. As additional security it is provided in the trust
indenture that the Erie RR. Co. shall appropriate and pay annually to a sinking fund the sum of
ten cents for every ton of coal sold and delivered through the previous year from the mines of the
Pennsylvania Coal Co. Such sinking fund is to be applied to the purchase of bonds of this issue at
not exceeding "105 p. c. and accrued interest, bonds to be drawn by lot if not offered at the price
stated. The bonds so purchased or called for the sinking fund will be kept alive, and the subse-
quently accruing interest thereon will be added to the amounts otherwise available for sinking fund
purchases. Under this provision $222,000 of the bonds have been purchased, as shown by the
general balance sheet. The total amount of bonds authorized by the indenture is $36,000,000, of
which $3,000,000 of bonds are reserved to be issued only for the purpose of additions, betterments
and improvements to the properties represented by the stocks pledged under the indenture.
Long Dock Co. Consolidated (now First) Mortgage Gold Bonds. — Secured on the Bergen Tunnel,
677 acres of land and land under water, docks, terminals, etc., of an assessed value in 1901 of
$6,792,917. They are redeemable at any time at 110. but only from proceeds of sale of land not
necessary for company's use. No land has ever been sold.
Honesdale Branch Bonds. — The 4J p. c. bonds are secured by a first mortgage and the 6 p. c.
bonds by a second mortgage on the Honesdale Branch of the Jefferson RR., from Hawley to Hones-
dale, Pa., 8.18 miles.
Jefferson Branch Gold Bonds. — Secured by a first mortgage on the Carbondale Branch of the
Jefferson RR., from Lanesboro' to Carbondale, Pa., 36,51 miles.
Bergen County Bonds. — Secured by a first mortgage on the line from Rutherford Junction to
Rldgewood Junction, N. J., 9.82 miles.
N. Y., L. E. & W. Docks and Improvement Co. Bonds. — Secured by first mortgage on the prop-
erty of the company named. A description of this property is in the MANUAL for 1899, page 116.
It is situated at Weehawken, N. J., and constitutes the main freight terminal of the Erie RR. system.
The lease to the Erie RR. Co. and the rentals accruing thereunder are pledged as further security
for the bonds. The total issue is $4,000,000, but $604,000 bonds (Nos. 1,001 to 1,604 inclusive) are
pledged under the first consolidated mortgage of the Erie RR. Co.
J?. Y., L. E. & W. Coal and Railroad Co. Bonds. — Part of an issue of $3,000,000, the residue
being deposited under the 1st consolidated mortgage of the Erie RR. Co. Secured to the amount of
$1,500,000 by a first lien on the railroad property, and to the full amount by a first lien on the
company's lands (see MANUAL for 1899, page 116). They are guaranteed, both as to principal and
interest, by the Erie RR. Co., and the guaranty is endorsed upon the face of each bond.
Tioga RR. Bonds. — The 1st mtge. bonds are secured on the line from Morris Run to Lawrence-
ville, Pa., 30.6 miles ; the extension bonds on the line from Lawrenceville to the New York State
Line, 12.23 miles.
Elmira State Line Bonds. — Secured on the line from State Line Junction, N. Y., to Penn. State
Line, 6.61 miles.
N. Y., P. & O. Prior Lien Gold Bonds. — Secured by first mortgage on the property and fran-
chises of the Nypano RR. Co. (See subjoined statement for that company.) Principal and interest
payable in New York in United States gold coin, or in London in sterling money at the rate of four
shillings to the dollar.
Chicago and Erie Gold Bonds. — Secured by first mortgage on the line from Marion Junction, O.,
to the Illinois State Line near Hammond, Ind., 249.57 miles, including franchises, equipment, and
appurtenances. Also secured by pledge of the contract with, and 10,000 shares of the capital stock
of, the Chicago and Western Indiana RR. Co. and 2,400 shares of the capital stock of the Belt Ry.
Co. of Chicago.
Chicago and Atlantic Terminal Gold Bonds. — Secured by mortgage on certain station, shop, and
other lands, and the buildings thereon, located in twelve of the fifteen counties through which the
road runs.
14a. General MortKaare Convertible Gold Bonds. — For the purpose of completing
and finishing or operating and improving Its railroad, or for any other of its lawful purposes,
Including the acquisition of equipment or the funding or consolidation of existing obligations, the
company executed a mortgage in favor of The Standard Trust Co. of New York, as trustee, to
secure an issue of 4 p. c. 50-year gold bonds, dated April 1, 1903, with interest payable April
1 and Oct. 1, at its office or agency in the city of New York. The bonds are in coupon form, for
$1,000 each, with privilege of registration as to principal alone or of conversion into fully regis-
tered bonds ; and also in registered form, without coupons, for the principal sum of $500, $1,000
or such multiples of $1,000 as may be from time to time prescribed by the company. The
amount of bonds authorized by the mortgage Is $50,000,000, issuable as to $10,000,000 forth-
with, and the balance from time to time after Dec. 31, 1903, but in amounts not exceeding
$10,000,000 a year, and under carefully guarded restrictions, as stated in the mortgage. The
bonds may be converted into common stock of the company at any time after April 1, 1905, and
POOR S MANUAL ERIE RR. CO. 99
before April 1, 1915, the first Issue of $10,000,000 at the price of $50 per share, and subse-
quent Issues at prices to be fixed from time to time by the board of directors, the conversion
• price in any case to be not less than the market value of the common stock on Feb. 11, 1903,
and to be stated in every bond. The mortgage covers the entire property of the company, includ-
ing the securities deposited under the First Consolidated Mortgage Deed and the Pennsylvania
Collateral Indenture, and including the entire outstanding capital stock, amounting to $6,000,
of the Penhorn Creek RR. Co., but subject to the liens of prior mortgages or deeds of trust.
Among the improvements to be provided for by issue of these bonds are the following : The con-
struction of new and modern ferry houses at Chambers and Twenty-third Streets, New York City ;
the purchase of new ferryboats ; the building of a new and modern depot and ferry houses at
Jersey City and the rearrangement of tracks and terminals at that point ; the construction of
a new line through an open cut over Bergen Hill so as to avoid the use of the present tunnel for
passenger trains ; important improvements at stations along the suburban lines and various Im-
provements along the road, including construction of second and third tracks ; the provision of
new machinery, tools and improvements for the shops, and the purchase of about 3,000 new
freight cars, 50 new passenger coaches and 150 new locomotives.
15. Bonds Underlying the General Lien Bonds. — All issues of bonds listed in the
statement of funded debt were issued or have been assumed by the Erie RR. Co., and all of them
except the prior lien bonds and the general lien bonds issued under the 1st consolidated mortgage of
1895, and the Southwestern Division 2d lien bonds, which will continue as a separate lien on that
division, will be replaced with equal amounts of general lien bonds reserved for that purpose, as
will also the following: $400,000 Blossburg Coal Co. 1st 5s of Nov. 1, 1915; $130,000 Mont-
gomery and Erie RR. 1st 5s of May 1, 1926 ; $40,500 Montgomery and Erie RR. 2d 5s of Oct. 1,
1927 ; $186,500 Goshen and Deckertown RR. 1st 6s of July 1, 1928 ; $60,000 Goshen and Decker-
town RR. 2d 6s of Nov. 1, 1929 ; $8,800 Middletown and Crawford RR. 1st 4Js of April 1, 1921 ;
$3,000,000 Cleveland and Mahoning Valley Ry. 1st consol. 5s of Jan. 1, 1938 ; $164,000 Sharon Ry
1st 4*s of June 1, 1919 ; and $250,000 New Castle and Shenango Valley RR. 1st 6s of July 1, 1917
— total, $4,239,800. The Blossburg Coal Co. bonds are secured on property situated at and near
Blossburg, Pa. The capital stock of the company, $1,000,000, Is deposited under the 1st consoli-
dated mortgage of the Erie RR. Co. The Middletown and Crawford bonds are part of a total of $66,-
000, of which $57,200 are pledged under the 1st consolidated mortgage of the Erie RR. Co. Addi-
tional particulars respecting all of the bonds mentioned will be found in the appended statements for
the respective companies and in the Ready Reference Bond List (see General Index).
16. General Balance Sheet, Erie Coal Companies, June 30, 1902.
Real Estate and Buildings $6,261,02716 Capital Stock $7,500.00000
Tracks and Mine Openings 334,145 05
Machinery and Fixtures 378,472 15
Mine Stock and Tools 81,971 63
Miscellaneous Securities Owned 1,246,27828
Advanced Royalties 230,43608
Prepaid Insurance 12,213 41
Materials and Supplies 275,023 2t
Cash and Current Assets 2,128,549 67
Total Assets $10,948,117 27
Bonded Debt 400,00000
Mortgages on Real Estate 148,882 31
Fund for Depreciation of Lands 1,878,435 16
Interest Accrued, not Due 1,387 01
Taxes Accrued, not Due 35,000 00
Erie RR. Co. Advances 589,89453
Reserve Funds, Miscellaneous 68,72868
Current Liabilities 335,78958
Total Liabilities $10,948,117 27
17. Equipment Trust Obligations. — The total amount outstanding on June 30, 1902,
was $7,302,777.95, of which $578,120 was the balance due on trusts assumed from the N. Y., L. E.
& W. RR. Co. ; $1,105,203.89 the balance due on trusts assumed from the N. Y., P. & O. RR. Co., and
$5,619,454.06 the balance due on trusts created by the company. Following are the details: N. Y.,
L. E. & W. RR. trusts (Car Trust of New York — Series F, $177,500, payable $31,875 semi-annually,
July and Jan., with interest at 5 p. c. per annum, payable Nov. and May ; Series G, $400,620, pay-
able $78,575 semi-annually, July and Jan., with interest at 5 p. c. per annum, payable July and
Jan.), $578,120 ; N. Y., P. & O. RR. trusts (London Equipment Trust of 1888, $471,953.10, payable
£1,666 13s. 4d. monthly, or £20,000 per annum, this including Interest at 5 p. c. per annum, payable
Nov. and May ; N. Y., P. & O. Equipment Trust of 1890, $633,250.79, payable £1,750 monthly or
£21,000 per annum, this including interest at 5 p. c. per annum, payable Dec. and June), $1,105,-
203.89; Erie RR. Trusts ( Arbuckle Bros., Pennsylvania Coal Equipment Trust, $180,000, payable
$90,000 each 1st of Jan., with interest at 5 p. c. per annum, payable July and Jan. ; Wells, Fargo &
Co. Car Trust of July 1, 1899, $4,665, with interest at 5 p. c. per annum, payable July and Jan. ;
Erie RR. Gold Equipment Trust of 1900 — Series A, $1,250,000, payable $250,000 per annum, with
interest at 5 p. c. per annum, payable July and Jan. ; Series B, $950,000, payable $150,000 per
annum, with interest at 5 p. c. per annum, payable June and Dec. ; Series C, $352,000, payable
$58,000 per annum, with interest at 5 p. c. per annum, payable Feb. and Aug. ; Series D, $850,000,
payable $120,000 per annum, with interest at 4J p. c. per annum, payable April and Oct. ; Series
E, $1,760,000, payable $250,000 per annum, with interest at 4i p. c. per annum, payable April and
Oct. ; Central Car Trust, $193,333.52, payable $7,495 quarterly, Jan., April, July and Oct., with
interest at 6 p. c. ; Brooks Locomotive Works Trust, $79,455.54, payable $15,694.92 monthly, with
Interest at 5 p. c.), $5,619,454.06. Series F Car Trust of New York covers 25 consolidation loco-
motives, 850 hopper-bottom coal cars, 700 box cars and 200 flat cars ; Series G covers 1,300 box
cars, 300 flat cars, 350 butter and cheese cars, 500 stock cars, 1,000 gondola cars, 2,000 coal cars,
and 20 passenger cars. The London Equipment Trust covers 22 locomotives, 500 gondola cars, 200
box cars, 300 stock cars, 15 caboose cars, and 7 hoisting plants on ore docks. The N. Y., P. & O.
Equipment Trust covers 1,000 twin hopper-bottom coal cars. The Wells, Fargo & Co. Car Trust
covers 6 horse express cars. The Erie RR. Gold Equipment Trust, Series A, covers 50 consolidation
engines and 1,000 steel hopper-bottom gondola cars ; Series B covers 1,000 box cars, 100 furniture
cars, and 25 passenger cars ; Series C covers 500 box cars ; Series D covers 1,000 steel flat bottom
gondola cars ; and Series E covers 200 box cars and 60 locomotives. The Central Car Trust covers
544 box cars Brook Locomotive Works Trust cavers 25 consolidation locomotives.
18. RAILROAD WHOSE ENTIRE CAPITAL STOCK is OWNED BY THE ERIE RR. Co.
ARLINGTOr RR Newarl June to New
York and Greenwood Lake June , N. J., 1.16
miles. Capital stock, $4,000 ; unfunded debt,
$16,842 — total, representing cost of road, $20,842.
F. D. Underwood, Pres. ; Daniel Wlllard, Vice-
Prea. ; G. A. Richardson, Sec. ; J. W. Flatten,
Treas. Oflice. 21 Cortlandt St., New York, N. Y.
ARNOT AND PINE CREEK RR.— Arnot
100
POOR'S MANUAL OF BAILROAD8 — MIDDLE ATLANTIC GUOUP.
Juno, to Hoytvllle. Pa., 11. S3 miles. Chartered
Jan. 12. 1881. Capital stock. $256,000; current
liabilities, $3,351 — total, representing cost of road,
$258.351. J. Lowber Welsh, Pres., Philadelphia,
Pa. : P. D. Underwood. Vlce-Pres. ; G. A. Rich-
ardson. Sec. ; J. W. Flatten, Treas., New York,
N. Y. General Office, 21 Cortlandt St., New York,
N. Y Corporate Office, Dlossburg, Pa.
Ill .IU. r.N AND Dl MUCK RR Garfteld, N.
J.. to Passalc, N. J., 2.45 miles. Capital stock
paid in (auth.. $40,000). $6.000. Cost of road. $7,-
C55. F. D. Underwood, Prea. ; Daniel Willard,
Vice-Pres. ; G. A. Richardson, Sec. ; J. W. Plat-
ten. Treas.. New York. N. Y. Office, 21 Cortlandt
St.. New York, N. Y.
iii:i«.i:\ COUNTY RR. — Rutherford June,
to Ridgewood June., N. J., 9.82 miles. Organized
Sept. 9. 1880. Capital stock, $200,000 ; 6 p c. bonds,
$200,000. Cost of road, $613.216. F. D. Underwood,
Pres. ; Daniel Willard, Vice-Pres. ; G. A. Rich-
ardson, Sec. ; J. W. Flatten, Treas.. New York,
N. Y. Office. 21 Cortlandt St., New York, N. Y.
CHICAGO AND ERIE RR Marion June.,
O.. to Ind.-Ill. State Line, near Hammond, Ind.,
249.57 m. ; total track (steel ; 80 Ibs.), 351.67 miles.
Reorganization of the Chicago and Atlantic Ry.
Co. (See Manual for 1899, page 119.) Capital
stock ($100 shares), $100,000; funded debt (par-
ticulars in Erie's statement), $12,300,000. F. D.
Underwood, Pres. ; Daniel Willard, 1st Vice-
Pres. ; J. W. Flatten, Treas. ; David Bosman,
Sec. Office, 21 Cortlandt St., New York, N. Y
CONESUS LAKE RY. — Conesus Lake June,
to Lakevllle. N. Y., 1.61 m. ; total track, 1.98
miles. Chartered May 10, 1882. Capital stock
($50 shares), $18,750; advances for betterments,
$9.144 — total, $27,894. Contra : Cost of road, etc.,
$27,028; profit and loss, $866 — total, $27,894. F.
D. Underwood, Pres. ; Daniel Willard, Vlce-
Pres. ; J. W. Flatten, Treas. ; G. A. Richardson,
Sec.. New York, N. Y. Office, 21 Cortlandt St.,
New York, N. Y.
ERIE AND BLACK ROCK RR. — Black
Rock June, to Black Rock, N. Y., 1.14 m. ; total
track, 3.41 miles. Chartered March 28, 1882. Cap-
ital stock paid in ($25,000 auth.), $960; advances
by N. Y., L. E. & W. RR. Co., $37,610 — total,
$38,570, representing cost of road. F. D. Under-
wood, Pres. ; Daniel Willard, Viee-Pres. ; J. W.
Flatten, Treas. ; G. A. Richardson, Sec., New
York, N. Y. Office. 21 Cortlandt St., New York,
N. Y.
ERIE AND WYOMING VALLEY RR
Hawley to Port Blanchard, Pa., 58.88 m. ; 2d
track, 11.60 m. — total, 70.48 m. ; total track ( steel ;
67 and 80 Ibs.), 134.98 miles. Hawley Branch:
Lackawaxen to Hawley, Pa., 15.61 m. ; total track
(steel). 22.91 miles.
HISTORY. — Chartered Nov. 6, 1882. The Jones
Lake RR. Co. was absorbed on June 5, 1895. The
Hawley Branch was built In 1861 by the Pennsyl-
vania Coal Co. and was leased to the Erie on
June 6, 1862. The lease was cancelled in 1901 as
a result of the purchase of the Pennsylvania Coal
Co. by the Erie RR. Co.
BALANCE SHEET, June 30, 1902. — Capital
stock ($3,000,000 auth.; $50 shares), $1,500,000;
current liabilities, $341,118 ; profit and loss, $656,-
948 — total, $2,498,066, representing cost of road
and equipment. The entire capital stock is owned
by the Erie RR. Co. and pledged as security for
that company's Pennsylvania collateral trust
bonds.
CORPORATE OFFICERS. — J. L. Welsh, Pres.,
Philadelphia, Pa. ; F. D. Underwood, 1st Vice-
Pres. ; G. A. Richardson, Sec. ; J. W. Flatten,
Treas., New York, N. Y. Office, 21 Cortlandt St.,
New York, N. Y.
JEFFERSON RR — Lanesboro' to Carbon -
dale, Pa.. 36.63 m. ; West Hawley to Horiesdale,
Pa.. 8.18 m. — total, 44.81 m. ; 2d track. 38.98 m. ;
total track, 98.69 miles. Chartered Feb. 15, 1864.
Capital stock. $2.096,050; funded debt (particu-
lars in Erie's statement), $3,100,000; advances by
proprietary company $1,409,840 — total, $6,605,890.
J. Lowbor, Welsh, Pres.. Philadelphia, Pa. ; F. D.
Underwood, Vice-Pres.; J. W. Flatten, Treas.;
G. A. Richardson, Sec., New York, N. Y. Office,
Scranton, Pa.
LONG DOCK CO. — Passenger Station to
Bridge Creek, Jersey City, N. J., 2.56 miles,
double tr;i>-k.
HISTORY. — Chartered in New Jersey. Feb. 26,
1856, with power to bold and improve land, aud
lands under water, and to build docks, piers,
railroads, and other structures thereon. The
assets of the company consist of 577 acres of
land, and land under water, improved with build-
ings, piers, docks, and railroad tracks, of a total
value, calculated on the assessment for taxation
in 1901, of $6,792.917.
FINANCIAL STATEMENT.— Capital stock,
$800,000; funded debt (particulars in Erie's state-
ment), $7,500,000 — total, $8,300,000.
CORPORATE OFFICERS. — F. D. Underwood,
Pres. ; F. B. Jennings, Vice-Pres. ; J. W. Flatten,
Treas. ; G. A. Richardson, See., New York, N. Y.
Office, 21 Cortlandt St., New York, N. Y.
MOOSIC MOUNTAIN AND CARBONDALE
RR. — Winton to Marshwood, Pa., 4.21 miles.
Chartered Feb. 15, 1887. Capital stock, $150,000.
representing cost of road. W. A. May, Pres.,
Scranton, Pa. ; F. D. Underwood, Vice-Pres. ; J.
W. Flatten, Treas. ; G. A. Richardson, Sec., New
York, N. Y. Office, Scranton, Pa.
NEWARK AND HUDSON RR. — Bergen
June, to Newark, N. J., 5.62 m. ; 2d track, 4.52 m. ;
total track, 12.44 miles. Chartered March 17, 1870 :
opened in 1871. Capital stock, $250,000; funded
debt, $250,000 1st mtge. 7s of 1901 — total, $500,000.
Cost of road, etc., $355,056. D. W. Cooke, Pres.,
Paterson, N. J. ; F. D. Underwood, Vice-Pres. ;
J. W. Flatten, Treas. ; G. A. Richardson, Sec.,
New York, N. Y. Office, 21 Cortlandt St., New
York, N. Y.
NEW YORK. LAKE ERIE A\D WEST-
ERN COAL AND RR. CO Crawford June.
to Johnsonburg, Pa., 29.92 m. ; Alton to Riderville
June., Pa., 0.83 m. ; Brockwayvilie to Toby Mines,
Pa., 12 m. ; Daguscahonda to Dagus Mines, Pa.,
5.5 m. — total, 48.25 m. ; total track, 71.85 miles.
HISTORY. — Chartered April 8, 1870.
BALANCE SHEET.— June 30, 1902.— Capital
stock ($100 shares), $500,000; funded debt (par-
ticulars in Erie's statement). $3,000,000 — total,
$3,500,000. Contra : Cost of road, etc., $2,228,680 ;
Robert's Lot Spur, $6,239 ; Brockport and Shaw-
mut RR.. $21,195 ; land owned, $509,391 ; Hazleton
Branch, $580; N. Y., L. E. & W. RR. Co., re-
ceivers, $359,558 ; Northwestern Mining and Ex-
change Company, $203,994 ; Erie RR. Co., $18,151 ;
profit and loss, $152.212 — total, $3,500,000.
CORPORATE OFFICERS. — J. Lowber Welsh,
Philadelphia, Pa. ; F. D. Underwood, Vice-Pres. ;
J. W. Flatten, Treas. ; G. A. Richardson, Sec.,
New York, N. Y. Office, Bradford, Pa.
Brockport UMC! .s ha \vmiit RR. — Brockport
to Shawmut, Pa., 2.10 miles. Chartered July 31,
1886. Capital stock, $22,500, representing cost of
road, etc. D. H. Jack, Pres., Bradford, Pa. ; F. D.
Underwood, Vice-Pres. , J. W. Flatten, Treas. ;
G. A. Richardson, Sec., New York, N. Y. Office,
21 Cortlandt St., New York, N. Y.
West Clarion RR. — Brockwayvilie to West
Clarion Mines, Pa., 1.99 miles. Chartered July 21,
1897 ; road opened in 1899. Operated by the Erie
RR. Co. as a branch of the N. Y., L. E. & W. Coal
Co.'s RR. Controlled by the Erie RR. Co. through
ownership of entire capital stock, amounting to
$20,000. Joseph Bailey, Pres., Brockwayyille, Pa. ;
F. D. Underwood, Vice-Pres. ; G. A. Richardson,
Sec. ; J. W. Flatten, Treas., New York, N. Y.
Office, 21 Cortlandt St., New York, N. Y.
NEW YORK, LAKE ERIE AND WEST-
ERN DOCKS AND IMPROVEMENT CO. —
Organized June 28, 1881, under the laws of the
State of New Jersey, for the purpose of buying,
reclaiming, and improving lands and lands under
water in Hudson County.
POOR S MANUAL BRIE SYSTEM.
101
FINANCIAL STATEMENT. — Capital stock
($100 shares), $604,000; funded debt (particulars
in Erie's statement), $4,000,000 — total, $4,604,000.
CORPORATE OFFICERS. — F. D. Underwood,
Pres. ; F. B Jennings, Vice-Pres. ; G. A. Rich-
ardson, Sec. ; J. W. Flatten, Treas., New York,
N. Y. Office, 21 Cortlandt St., New York, N. Y.
NYPANO RR Salamanca, N. Y., to Dayton,
O., 388.04 m. ; Buchanan June, to Oil City, Pa.,
33.78 in. ; Youngstown and Austintown and all
branches, 8.49 m. — total, 430.31 miles.
HISTORY. — Organized March 16, 1896, as suc-
cessor to the N. Y., Pa. & O. RR. Co. (See
Manual for 1897, page 432.)
FINANCIAL STATEMENT. — The $20,000,000 of
stock and $20,000.000 of bonds of this company are
owned by the Erie RR. Co., and are deposited
under that company's 1st consol. mtge. There
are $8,000,000 bonds of the N. Y., P. & O. RR. Co.,
secured by first mortgage on this property. They
have been assumed by the Erie RR. Co.
CORPORATE OFFICERS. — F. D. Underwood,
Pres., New York, N. Y. ; J. H. Clarke, Vice-Pres. ;
J. VV. Flatten, Treas., New York, N. Y. ; G. A.
Richardson, Sec., Cleveland, O. Office, 21 Cort-
landt St., New York, N. Y.
PATERSON, NEWARK AND NEW
YORK RR Paterson to Newark, N. J.,
11.33 miles. Chartered Jan. 19, 1872. Capital
stock, $250,000; funded debt ($499,000 owned by
Erie RR. Co.), $500,000. Cost of road, $545,433.
F. D. Underwood, Pres. ; Daniel Willard, Vicn-
Pres. ; J. W. Flatten, Treas. ; G. A. Richardson,
Sec., New York, N. Y. Office, 21 Cortlandt St.,
New York, N. Y.
19. RAILROADS A MAJORITY OF WHOSE STOCK is OWNED BY THE ERIE RR. Co.
BUFFALO, BRADFORD AND PITTS-
BURGH RR Carrollton, N. Y., to Gilesville,
Pa., 26.17 m. ; Bradford to Nusbaum, Pa., 5.24 m. ;
total track, 43.11 miles.
HISTORY. — Consolidation, March 22, 1859, of
the B & P. and the B. & B. RR. Cos. ; opened
Jan. 5, 1856. (See Manual for 1899, page 119.)
FINANCIAL STATEMENT. — Capital stock.
$2,286,400; funded debt (1st 7s of Jan. 1, 1896),
$580,000 ; advances by lessee, $247,890 — total, $3,-
114,290. The Erie RR. Co. owns $2,204,900 of the
stock and all of the bonds.
CORPORATE OFFICERS. — J. Lowber Welsh,
Pres., Philadelphia, Pa. ; F. D. Underwood, Vice-
Pres. ; G. A. Richardson, Sec. ; J. W. Flatten,
Treas., New York, N. Y. Corporate Office, Brad-
ford, Pa. General Office, 21 Cortlandt St., New
York, N. Y.
10 1, MI It \ STATE LINE RR State Line
June., N. Y., to State Line of Pennsylvania, 6.51
in. ; total track, 7.10 miles.
HISTORY. — Chartered April 24, 1872; opened
Nov. 17, 1876. Leased to the Erie RR. Co. at an
annual rental of $6,314.
BALANCE SHEET, June 30, 1902. — Capita)
stock ($69,200 owned by Erie RR. Co.), $90,200:
funded debt (particulars in Erie's statement),
$160,000 — total, $250,200. Contra : Cost of road,
$189,200; Erie RR. Co., $61,000 — total, $250,200.
CORPORATE OFFICERS. — F. D. Underwood,
Pres. ; Daniel Willard, Vice-Pres. ; J. W. Plat-
ten, Treas. : G. A. Richardson, Sec. Office, 21
Cortlandt St., New York, N". Y.
MIDDLETOWN AND CRAWFORD RR.
— Crawford June, to Pine Bush, N. Y., 10.22 m. ;
total track, 10.85 miles.
HISTORY. — Organized Aug. 3, 7868; opened
June 7, 1872. Leased to the Erie Jan. 1, 1882, at
an annual rental of $10,500. The lessee owns
$120,650 .stock and $57,200 bonds*.
BALANCE SHEET, June 30, 1902. — Capital
stock, $122.200; funded debt (1st 4|s of April 1,
1921), $66,000; current liabilities, $801; profit and
loss, $58,984 — total, $247,985. Cost of road, $193.-
351 : current assets, $54,631 — total, $247,985.
CORPORATE OFFICERS. — F. D. Underwood,
Pres. ; Daniel Willard, Vice-Pres. ; J. W. Flatten,
Treas. ; G. A. Richardson, Sec., New York, N. Y.
Office, 21 Cortlandt St., New York, N. Y.
NEW JERSEY AND NEW YORK RR. —
See General Index for separate statement.
NEW YORK AND GREENWOOD LAKE
RY N. Y. & G. L. June, to Sterling Forest,
N. J., 39.26 m. ; Ringwood June, to Ringwood,
N. J., 2.79 m. ; Caldwell Ry., 4.50 m. ; Roseland
Ry., 0.95 m. : Watchung Ry., 4.16 m. — total, 51.60
in. ; 2d track, 11.95 m. ; total track, 67.09 miles.
HISTORY. — Successor, Nov. 1,1878, to the Mont-
2O. RAILROADS LEASED
AVON, GENESEO AND MOT NT MORRIS
HR. — Mount Morris to Avon, N. Y., 17.7 miles.
HISTORY. — Successor, March is, is.;o. to the
Genesee Valley RR. Co. Leaded to tho Rrlo RR.
Co. at a yearly rental (payable Jan. and July,
clair and Greenwood Lake RR. Co. Leased to the
Erie RR. Co. for 999 years from May 1, 1896, at a
rental equal to fixed charges.
FINANCIAL STATEMENT.— Capital stock
($50 shares), $100,000; funded debt (1st 5s of May
1, 1946), $1,500,000 — total, $1,600,000. The bonds
are tax-free and are guaranteed, principal and
interest, by the E. RR. Co., the guaranty being
endorsed on each bond.
CORPORATE OFFICERS. — Erskine Hewitt,
Pres. ; F. D. Underwood, Vice-Pres. ; J. W. Plat-
ten, Treas. ; G. A. Richardson, Sec., New York,
N. Y. Office, 21 Cortlandt St., New York, N. Y.
SUBSIDIAKY ROADS N. Y. & G. L. RY.
Caldwell Ry. — Caldwell June, to Cald-
well, N. J., 4.50 miles.
Built in 1891. Operated by the Erie RR. under
its lease of the N. Y. & G. L. Ry. Co. Capital
stock (auth.), $100,000.
F. D. Underwood, Pres. ; Daniel Willard, Vice
Pres. ; J. W. Flatten, Treas. ; G. A. Richardson,
Sec. Office, 21 Cortlandt St., New York, N. Y.
Roaeland Ry. — Caldwell to Essex Fells,
N. J., 0.95 mile
Built in 1892. Operated by the Erie RR. under
its lease of the N. Y. & G. L. Ry. Co.
Capital stock, $2,000 ; floating debt, $8,471 — total,
representing cost, $10,471.
F. D. Underwood, Pres. ; Daniel Willard, Vice-
Pres. ; J. W. Flatten, Treas. ; G. A. Richardson,
Sec. Office, 21 Cortlandt St., New York, N. Y.
WatchunK RR Forest Hill, N. J., to Main
St., Orange, N. J., 4.16 m. ; sidings, 401 feet. Rail,
60 Ibs. Operated by the Erie RR. under its lease
of the N. Y. & G. L. Ry. Co. Capital stock, $47,-
000; funded debt, $200,000; other debt, $50,000 —
total, $297,000. Office, 21 Cortlandt St., New York,
N. Y.
TIOGA KR — N. Y. State Line to Arnot June.,
Pa., 39.26 m. ; Tioga June., Pa., to Lawrenceville,
Pa. (State Line), 3.50 m. ; Blossburg to Morris
Hun, Pa., 3.84 m. — total, 46.60 miles.
HISTORY. — Reorganization, in 1851, of the
Tioga Navigation Co. (See Manual for 1899,
page 120.) The Erie RR. Co. owns all of this
company's stock, except six shares of the common
stock, the owners of which cannot be found, and
has assumed the funded debt.
FINANCIAL STATEMENT. — Capital Stock
($50 shares), common, $391,200; preferred, $189,-
700; funded debt (particulars in Erie's state-
ment), $629,500 — total, $1.210,400.
CORPORATE OFFICERS. — F. D. Underwood,
Pres. ; J. G. McCullough, Vice-Pres. ; G. A. Rich-
ardson, Sec. ; J. W. Flatten, Treas., 21 Cortlandt
St., New York, N. Y.
BY THE ERIE RR. Co.
at lessee's office) equivalent to 3i p. c. on the
capital stock, and $100 for organization expenses.
FINANCIAL STATEMENT. — Capital stock.
$225,000, representing cost of road.
CORPORATE OFFICERS. — Joslah Anstice,
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Rochester. N. Y. ; H. B. Brown. Sec. *
MtMorri-. N. Y. Omce. Mt. Morris.
, i i:\i:i. %MI \M> MAHONIMi VALLEY
i( ^ . -Cleveland. U.. to Pa. SUte Line, Including
llae from Young»u>wn. O.. to Hazelton. O.. 80JJ1
m ; Nile.. O.. to Lisbon. O.. 36.» m. ; Glrard. O .
to Crmb Crt*k, Younjstown. 6.01 m. — total, 123.07
.
HISTORY. — Consolidation. July 25. 1872, of the
Cleveland and Mabonlng. Liberty and Vienna,
and M1.-S and New Lisbon RR. Cos. The line
of it* Liberty and Vienna RR. was abandoned in
1901. Leaded to the Erie RR. Co. till Oct. 1,
19C*. at an annual rental of (525,967.43, payable in
Installments, monthly, in advance.
•MB ACCOUNT, year ending June 30, 1902.
— Rental. $525,967. Payments : Interest on bonds,
'0; dividends ( 13 J p. c.), $372,492; expenses,
0.370 — total. $T>25,662. Surplus. $305.
"ALA M'K SHEET, June 30. 1902. — Capital
bto, k (1100 shares ). including $591 scrip, $3,259,791 ;
funded debt ($2.936,000 1st consol. 4s of Jan. 1,
1938 ; $100 2d intge. bond due in 1872, and $1,000 1st
mt*e. bond due in 1KB). $2,937.100; current lia-
bilities. $2.979; profit and loss. $296.650 — total,
U.496.520. Contra : Cost of road, etc.. $6,422,419 ;
other asset. $74.101— total, $6,496.520.
CORPORATE OFFICERS. — Stevenson Burke,
Pros. ; E. R Perkins. Treas. ; E. E. Poppleton,
Sec. Office. Cleveland, O.
GOSHEN AND DECKERTOWN RY
OoHhen to Pine Island. N. Y., 11.64 m. ; total
track. 11.87 miles.
HISTORY. — Organized Feb. 22, 1867; opened
April 10, 1869. Leased for 50 years from Jan. 1,
INCOME ACCOUNT. — Rental, year ending
June 30, 1902, $19,035. Payments: Interest, $14,-
790; expenses and tuxes, $29'J ; dividends (4 p. c.),
13848 — total, $18,937. Surplus, $!)S ; deficit for-
ward, $3,150 ; net deficit. $3,052.
BALANCE SHEET. June 30, 1902. — Capital
stock paid in ($360,000 auth. ; $10 shares), $96,190;
funded debt, $246,500; interest unpaid, $3,052 —
total. $345,742. Contra : Cost of road, $342,690 :
profit and loss. $3,052 — total, $345,742. Funded
debt, June 30, 1902, consisted of $186,500 6s of
July 1, 1928; and $60,000 2d 6s of Nov. 1, 1929.
CORPORATE OFFICERS.— George W. Murray,
Pres=. : Charles S. Young, Sec. & Treas. Office,
Goshen, N. Y.
MONTGOMERY AND ERIE RY Mont-
gomery to Goshen, N. Y., 10.43 m. ; total track,
10.91 miles.
HISTORY. — Chartered Jan. 2, 1S66 ; opened
Dec. 12, 1867. Leased to the Erie RR. Co. ; rental,
$16,000 a year, from which are paid interest on
bonds and 4J p. c. dividends on stock, besides
ej.penses, etc.
BALANCE SHEET, June 30, 1902. — Capital
stork paid in ($260,000 auth. ; $10 shares), $150,000;
funded debt, $170,500; sinking fund, $6,500; profit
and loss, $1,126 — total, $328,126. Contra : Cost of
road, $327,000; cash, $1,126 — total, $328,126.
FUNDED DEBT, June 30, 1902, consisted of
$130,000 1st 5s of May 1, 1926 ; and $40,500 2d 5s of
Oct. 1, 1927.
CORPORATE OFFICERS. — Chas. J. Everett,
Pres. ft Treas., Goshen, N. Y. ; Walter J. Mead,
Sec., Montgomery, N. Y. Office, Montgomery,
N. Y.
NORTHERN RR. OF NEW JERSEY.—
Bergen Juni-.. N. J.. to Sparklll, N. Y., 21.54 m. ;
Nyack and Southern RR. (leased), 4.51 m. — total,
26.06 m. : 2d track, 21.63 m. ; total track (steel),
51.01 miles.
HISTORY. — Chartered Feb. 9, 1854; opened Oct.
1. 1869. Leaded to the Erie RR. Co., which as-
sumes all obligations and agrees to pay dividends
of 4 p. c. a year on the capital stock. (See
Manual for 1900, page 102.)
BALANCE SHEET, June 30, 1902.— Capital
stock. $1,000,000; funded debt. $808,000; profit and
Ions. $85.577— total. $1.893,577. Contra: Cost of
road, $1,706.&40 ; stock of other companies, $154,-
«S9 ; Nyack and Northern RR. advances, $2,751 ;
Nyack and Southern RR. advances, $5,620; ac-
counts, $23.627 — total, $i,893,577.
FUNDED DEBT, June 30, 1902, consisted of
$664.000 1st 6s of July 1, 1927; and $154,000 gen.
4|s of Jan. 1. 1950. The authorized issue of gen.
mtg*. bonds Is $1,000,000. a sufficient amount of
whlrh Is reserved for retirement of the $654,000
l»t mt*e. bonds, and the remainder for Improve-
rORPOKATE OFFICERS.— F. D. Underwood.
l>aniel Wlllard. Vlce-Pres. ; G. A. Rich-
ardson. Sec. ; J. W. Flatten. Treas.. New York,
N. Y. Office, 21 Cortlandt St., New York, N. Y.,
and Knelowood. N. .1.
Ny*ek and Northern RR. — Chartered
Nov. 25, 1868, and built the road from Sparklll
to Nyack, N. Y., 4.51 miles, which was opened in
May, 1870. The property was sold on a judgment
May 31, 1894, and was afterwards purchased by
the Nyack and Southern RR. Co.
Balance Sheet, June 30, 1902. — Capital stock
$74,800; funded debt (retired), $150,000; accounts,
$21,336 ; profit and loss, $3,450 — total, represent-
ing cost, $249,586.
E. H. Sisson, Pres., Tenafly, N. J. ; John .1.
Duff, Sec., New York, N. Y. Office, Tenafly
N. J.
Nyack and Southern RR — Sparkill, N. J.,
to Nyack, N. Y., 4.51 m. ; total track ( steel ; 60 to
68 Ibs.), 5.78 miles.
Chartered March 24, 1899, and purchased the
property formerly of the Nyack and Northern
RR. Co., which is leased to the Northern RR.
Co. of N. J. for 100 years from Jan. 1, 1876.
Rental, Interest on the bonds of the Nyack and
Northern RR. Co. and taxes. The Nyack and
Northern bonds are covered by the gen. mtge.
bonds of the Northern RR. Co. of N. J., and the
rental is paid directly to the bondholders by the
Erie RR. Co., which operates the road under the
lease of the Northern RR. of N. J. Capital stock,
$50,000.
F. D. Underwood, Pres. ; Daniel Willard, Vice-
Pres. ; G. A. Richardson, Sec. ; J. W. Flatten,
Treas.. New York, N. Y. Office, 21 Cortlandt St.,
New York, N. Y.
PATKRSON AND HI DMON RIVER RR.
— Jeraey City to Pat«rson, N. J., 14.97 m., double
trark. Chartered Jan. 31. 1X31 ; opened In 1834.
It In l*a»td In perpetuity from Sept. 10, 1862, at
an annual rmtal of $4S,400. Capital stock ($50
•HOT), representing original cost, $630.000. Wm.
IVnnlnston. PI-PS. ; Robert 8. Hughes. Sec. ft
Tr»a»., Pateri«on. N. J. Office. Paterson, N. J.
|'\II.HHI» \M) M\M\IM> RR.— Pater-
«oo. N. J.. to N. Y. State Line. 15.02 miles. Char-
tend Marrh 10. 1X41 ; completed in 1848. Leased
Sept. in. 1«2; rental. $26,500. Dividends 8 p. c.
P*r annum, payable Jan. and July. Capital
Mock. 198,610. Cowt of road. $350,000. Wm. Pen-
nington, Pres. ; Robert I. Hopper, Sec. & Treas.,
Paterson, N. J. Office. Paterson, N. J.
ROCHESTER AND GENESEE VALLEY
RR. — Rochester to Avon, N. Y., 18.4 miles. Or-
ganized July 2, 1854 ; opened Aug. 10, 1854. Leaded
July 1, 1871 ; rental, 6 p. c. on stock and $700 for
organization. Capital stock, $555,200; nominal
surplus, $11(5.103 — total, representing cost, $671,-
303. James Brackett, Pres. ; Josiah Anstice, Sec.
& Treas. Office, 29 Arcade Building, Rochester,
N. Y.
SHARON RY — Sharon to Pymatuning, Pa..
7.93 m. ; Ferrona to New Castle, Pa., 23.59 m. :
POOR'S MANUAL OP RAILROADS.
103
Boyce to Sharpsville, Pa., 1.55 m. — total, 33.07
m. ; total track (steel ; 60 Ibs.), 58.41 miles.
HISTORY. — Consolidation, Nov. 20, 1900, of the
Sharon Ry. and the New Castle and Shenango
Valley RR. Co. Leased to the Erie RR. Co. for
900 years, from Dec. 1, 1900, at a yearly rental
equivalent to the interest on the bonds, 6 p. c. on
the capital stock, and the expense of maintaining
the organization.
BALANCE SHEET, Nov. 30, 1902. — Capital
stock ($800,000 auth. ; $50 shares), $731,600 ; funded
debt ( $164,000 1st gold 4Js of June 1, 1919 ; $250,000
N. C. & S. Vy. 6s of July, 1917), $414,000; due to
lessee, $20 ; surplus income, $22,810 — total, $1,-
168,430. Contra : Construction, $1,145,620 ; cash
and current assets, $22,810 — total, $1,168,430. The
remainder of the capital stock may be issued
from time to time as needed for improvements,
etc.
CORPORATE OFFICERS. — Earl A. Wheeler,
Pres. ; P. A. Higgs, Treas., Sharon, Pa. ; J. A.
Middleton, Sec., New York, N. Y. Office, Sharon,
Pa.
UNION RR — State Line to Suffern, N. Y.,
0.79 m., double track. Chartered Jan. 20, 1851.
Leased in perpetuity, Sept. 10, 1852, to the Erie
Ry. Co. ; rental, $3,500, being 7 p. c. on $50,000
capital stock. Wm. Pennington, Pres. : Robert
I. Hopper, Sec. & Treas., Paterson, N. J. Office,
Paterson, N. J.
WESTERMAN RR.— Centre of Mill St.,
Sharon, Pa., to a point i mile west of Pa. O.
State Line, 2.09 miles. Owned by Caroline Buhl,
of Detroit, Mich., and leased to the Erie RR. Co.,
at a rental of $4,000 a year, the lease to expire
May 1, 1982.
YOUNGSTOWN AND AUSTINTOWN RY.
— Youngstown, O., to Leadville Mines and branch
to Manning and Tippecanoe Shafts, 8.49 miles.
HISTORY. — Built in 1871 and 1872. Leased to
Erie RR. Co. for 99 years from May 1, 1883. En-
tire capital stock, $10,500, owned by the Erie RR.
Co.
CORPORATE OFFICERS.— F. D. Underwood,
Pres., New York, N. Y. ; Wm. G. A. Richardson,
Sec., Cleveland, O. Office, 830 Garfleld Building,
Cleveland, O.
21. Board of Directors, Erie RR. Co., elected October 14, 1902.
Robert Bacon.. New York, N. Y.
J. J. Goodwin. . "
James J. Hill... St. Paul, Minn.
J. G. McCullough,
N. Bennington, Vt.
D. O. Mills.... New York, N. Y.
Norman B. Ream.. Chicago, III.
S. Spencer.... New York, N. Y.
Chas. Steele. . . "
F. L. Stetson..
E. B. Thomas.. New York, N. Y.
H. McK. Twombly "
F. D. Underwood "
J. L. Welsh.. Philadelphia, Pa.
Alex. E. Orr..New York, N. Y.
F. D. UNDEBWOOD, President and Chairman of Board New York, N. Y.
George G. Cochran, Assistant to President
G. A. Richardson, Assistant to President and Sec . . .
Daniel Willard, Is* Vice-President and Gen. Mgr. . . .
H. B. Chamberlain, 3d Vice-Pres. d Gen. Traffic Mgr. " "
Asst. Sec. — David Bosman.. New York, N. Y.
Treasurer — J. W. Flatten " "
Aast. Treas. — W. B. Bancker.-.New York, N. Y.
Auditor — M. P. Blauvelt "
PRINCIPAL OFFICE AND ADDRESS 21 Cortlandt Street, New York, N. Y.
NEW JERSEY AND NEW YOKE RAILROAD COMPANY.
(Controlled by Erie RK, Co.)
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 34.50 miles).
Main Line: N. J. & N. Y. Junction, N. J. to Nanuet Junction, N. Y 20.63 miles.
Garnerville Section : Spring Valley to Garnerville, N. Y 8.54 "
Stony Point Branch: Stony Point Junction to Stony Point, N. Y 1.04
New City Branch : New City Junction to New City, N. Y 4.29
B. LEASED LINE : N. J. rf N. Y. Exten. RR. : Garnerv. to Haverstraw, N. Y. 2.37 "
O. TRACKAGE RIGHTS (total, 10.89 miles) :
Erie RR. : Jersey City to N. J. & N. Y. Junction, N. J 7.59
Erie RR.: Nanuet Junction to Spring Valley, N. Y 2.30
Garnerville RR.: Garnerville to Garnerville Print Works, N. Y 1.00 "
Total mileage operated, June 30, 1902 47.76 miles.
2d track, 11.05 m. ; sidings (owned, 5.75 m. ; leased, 1.23 m.), 6.98 miles. Gauge, 4 ft.
8y2 in. Rail ( steel— owned, 34.50 m.; leased, 12.26 m. — total, 46.76 m.), 60 Ibs.
2. History. — Consolidation, in December, 1885, of a company of the same name
with the Hackensack RR. Co. (See MANUAL for 1893, page 431.) The Erie RR. Co. having
acquired control of the company, took possession of the property on April 7, 1896, but
operates it separately. Trains are run over the tracks of the Erie RR. from Jersey City
to N. J. & N. Y. Junction, 7.59 miles, and from Nanuet Junction to Spring Valley, 2.30
miles.
3. Rolling Stock, June 30, 1902. — Locomotives, 9. Cars — passenger, 27; bag-
gage, etc., 1; freight (box, 43; stock, 1; coal, 21; flat, 8), 73; service, 2 — total, 103.
4. Operations, year ending June 30, 1902. — Trains run (passenger, 370,020;
freight, 31,362; other, 29,675), 431,057 miles. Passengers carried, 1,908,503; carried one
I "4 POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
mile. 21,488,737; average mil* rate, 1.013 cents. Tons freight moved, 187,063; ton-
_'; average ton-mile rate, 3.662 cents. Earnings (passenger, $217,514.67;
freight, $108,915.53; other, $15,665.18), $342,095.38. Operating expenses, $257,389.19.
.irnings, $84,706.19; other receipts, $842.55— total, $85,548.74. Payments: Interest
on bonds, $55,608; taxes, $5,679.48; rentals, $360— total, $61,647.48. Surplus, $23,-
001.26; surplus forward, $221,059.24— total, $244,960.50.
5. General Balance Sheet, June 30, 1902. — Capital stock paid in (common,
$1,440,800; preferred, $787,800), $2,228,600; funded debt, $1,032,160; interest accrued,
$4,000; current liabilities, $145,749.42; profit and loss, $244,960.50— total, $3,655,469.92.
Contra: Cost of road and equipment, $3,127,418.73; securities owned, $238,325; materials,
etc., $4,9$ 1.41; cash and current assets, $284,744.78— total, $3,655,469.92.
6. Capital Stock. — Capital stock authorized — common, $2,000.000 ; preferred, $800,000 —
total. $2.800.000 In $100 shares. A majority of the capital stock is owned by the Erie RR. Co. The
control of the company is vested in the preferred stock and 1st ratge. bonds until such time as the
preferred stock shall have received 6 p. c. per annum for three consecutive years.
- . i 11 ml ed Debt. — Funded debt on June 30, 1902, consisted of $400,000 1st 6s of April 30,
1910; $2.660 ($100,000 auth.) 2d 5s of Nov. 27, 1895, due 100 years later; and $629,500 ($1,-
200.000 auth.) gen. 5s of Dec. 31, 1932. The gen. mtge. bonds may be redeemed at any time at 105
p. c. and accrued Interest
8. RAILROADS LEASED OB OPEBATED BY THE N. J. & N. Y. RR. Co.
GARNERV1L.LE RR Miner's Creek, N. Y.,
to Oarnervllle Print Works. 1 mile. Incorp. Sept.
11. 1875; opened June 13, 1876; sold under execu-
tion. May 20. 1890, and company subsequently
dissolved. Purchased in 1892 by the Rockland
Print Works, of Oarnerville. Used as a switch
to the N J. ft N. Y. RR.
N«W JERSEY AND NEW YORK EX-
TENSION RR — Oarnerville to Haverstraw, N.
Y., 2.37 m. ; total track (steel, 2.37 m.), 3.69 mile*.
Leased to the N. J. & N. Y. RR. Co. ; rental, $11.-
400 yearly. This rental has been reduced to $360
by the lessor purchasing this company's securi-
ties. Capital stock, $72,500. F. W. Downer, Vice-
Pres.. New York, N. Y. ; J. D. Hasbrouck, Sec.
& Treas., Hillsdale, N. J.
9. Board of Directors, If. J. A Tt.'Y. RR. Co., elected May 5, 1903.
R. W. DeForest New York, N.Y.
H. W. DeForest
F. D. Underwood " "
G. Van Keuren, New York.N.Y.
W. H. Corbin.. Jersey City, N.J.
Charles Steele..New York, N. Y.
G.A.Richardson. .New York.N.Y.
Daniel Willard.
D. W. Cooke....
S Sj.i-nrer New York, N. Y. | J. G. MoCullough N. Bennington, Vt.
F. D. UNDERWOOD, President New York, N. Y.
Daniel Willard, 1st Vice-Pres. d Oen. Manager " "
H. B. Chamberlain, 3d Vice-Prcs. d Oen. Traffic Mgr. . "
Secretary — G. A. Richardson.. New York, N. Y. I Gen. Solicitor — G. F. Brownell. ..New York, N. Y.
Treasurer— J. W. Flatten I Auditor — M. P. Blauvelt
PRINCIPAL OFFICE AND ADDRESS 21 Cortlandt Street, New York, N. Y.
NEW YORK, SUSQUEHANNA AND WESTERN RAILROAD COMPANY
(Controlled by Erie ER. Co.)
1. History. —Consolidation, April 5, J893, of the N. Y., S. & W. RR. Co. and
the Hudson River RR. and Terminal Co. (See MANUAL for 1893, page 849.) The company
i.-> « nl rolled by the Erie RR. Co., but is operated as a separate corporation.
2. Rolling Stock, June 30, 1902. — Locomotives, 81. Cars — passenger, 39; com-
bination, 18; baggage, mail, and express, 7; milk, 23; freight (box. 229; flat, 49; gon-
dola. 3,.-)44). 3,822; service, 49— total, 3,958. Included in the foregoing is the rolling
stock owned by the Wilkesbarre and Eastern RR. Co. (see appended statement).
Mange has been made in the company's system of accounting, under which the
earnings and expenses of the railroad are shown separately from those of shipping and
•storage plants, and the cost of additions and improvements payable out of income
shown as a deduction from net earnings instead of being included in operating expenses.
With this method of accounting it will be possible hereafter to show the actual cost
<>f maintenance and operation, and the extent of improvements made to the property.
I IT th«- purpose of making comparison with the previous year the condensed income
account in Rwtion 5 has been prepared on the former basis.
POOR'S MANUAL — NEW YORK, SU8QTTEHANNA AND WESTERN RH. CO. 105
3. Mileage, June 30, 1902.— A. OWNED ABSOLUTELY (total, 139.84 miles).
Main Line: West End, Jersey City, N. J., to. Gravel Place, Pa 101.00 miles.
Paterson Extension: Broadway, Patersou, to Straight St., Paterson, N. J. 0.75 "
Vnionville Branch: Two Bridges, N. J., to Unionville, N. Y 20.50 "
Delaware Branch: Columbia Junction to Delaware, N. J 3.00 "
Hudson River Branch : Little Ferry Junction to Edgewater, N. J 3.00 "
Branches in Lackawanna Valley, Pa 11.59 "
B. PROPRIETARY RAILROADS (total, 82.38 miles).
Lodi Branch RR. : Lodi to Lodi Junction, N. J 0.73 "
Backcnsack and Lodi RR.: Lodi Junction to Hackensack, N. J. 1.41 "
Passaic and A'ew York RR.: Passaic Junction to Passaic, N. J 3.05 "
Macopin RR.: West IMilford to Macopin Lake, N. J 1.50 "
Wilkesba-i-re and Eastern RR. : Stroudsburg to Wilkesbarre, Pa 65.46 "
Susquehanna Connecting RR. : Paddy's Land to Minooka, Pa 9.80 "
Edgewater and Fort Lee RR. : At Edgewater, N. J 0.43 "
C. LEASED LINE.
Middletown, Unionville and Water Gap RR.: Middletown to Unionv., N. Y. 13.65 "
D. TRACKAGE RIGHTS.
Pennsylvania RR. : West End to Jersey City, N. J 2.55 "
Total length of lines operated, June 30, 1902 238.42 miles.
2d track, 22.50 m.; sidings, 91.53 m. Gauge, 4 ft. 9 in. Rail (steel), 60 to 80 Ibs.
4:. General Income Account, year ending June 30, 1902.
Expenses — Railroad :
Maint. Way and Structures $258,67949
Maintenance of Equipment 241,130 60
Conducting Transportation 809,987 79
General Expenses 23,73687
Earnings — Railroad:
Passenger $401,85823
Freight 2,079,054 24
Mail and Express 44,873 68
Reuts and Other 19,082 67
Total ($10,673.89 per mile) $2,544,86882
Shipping and Coal Storage. 39,05886
Gross Earnings $2,583,927 G8
Total ($5,593.22 per mile) $1,333,53475
Shipping and Coal Storage 67,96499
Operating Expenses $1,401,499 74
Net earnings (45.76 p. c.), $1,182,427.94; interest received, $32,621.60— total, $1,215,-
040.60. Deductions: Additions and improvements, $2,727.33; taxes, $66,355.18; inter-
est accrued on bonds (see Sec. 6), $848,724.17; rental of M., U. & W. G. RR., $22,292.59;
interest on mortgages, $650.85; sinking fund payments (Susquehanna Connecting RR.,
$52,500; Macopin RR., $440), $52,940 — total, $993,690.12. Surplus, $221,359.48; surplus
forward, $518,441.56 — total, $739,801.04. Deduct sundry charges to profit and loss,
$19,325.71. Surplus June 30, 1902, $720,475.33.
5. Statement of operations and income for two fiscal years ending June 30:
1901
1902
1901
1902
Miles of Road Operated
237.99
238.42
$
S
522.392
569,383
Net Earnings
1,127,116
1 179 701
Freight Train Mileage
660,281
965,997
Interest Received
29,570
32621
1,182,673
1,535,380
Net Income
1,156,686
1,212,322
2 007,570
2 205,910
Taxes
79867
66355
32 895 507
35 207 784
854,452
848,724
Freight (tons) Moved
2,000,901
3.432,874
Interest on Mortgages
923
C51
148,140,197
220,390,502
Rental of Leased Line
21,923
22,293
s
%
Sinking Funds
52,940
52,940
F ' P
384 448
401 858
Freight
2,059,710
2,118^113
Total Deductions
1.010,105
990,963
Mail and Express
45,821
44,874
1-1903
19083
Balance Surplus
146,581
221 359
2504887
2 583 928
10,525 18
10 837 71
232299
294,449
5 789 20
588972
277532
241 131
4 735 98
4 947 S9
Transportation
843,484
844 310
Expenses to Earnings
55.00 p.e.
54.34 p.c.
24456
23737
A P. t P M'li*
1 13c
1 14 c
Total Expenses. ...
1 377 771
1 404227
Aver Rate per Ton per Mile
092c.
0.94 c.
Net Earnings
1,127,116
1 179,701
106 POOE'S MANUAL OF RAILBOADS— MIDDLE ATLANTIC GROUP.
RR 1st 5s $150.000; Susquehanna Connecting 1st
an/New York RR. 1st 6s. $4,200_total.
«l lll«. rt «( V.-lTlH-ll
|3<K> ; N. Y.. 8. ft W. 1st 5". $187.250
$127.426: N. Y.. 8. ft W. terminal
Patenoo totenalon let 6
6a. $16.250. Macopin T
7. General Balance Sheet, June 30, 1902.
...$42,086,812 S7
Mt»e«llan«ou> Securltle. IB Treasury
Material* and Supplies 83.3S.
n«po*tt* with Sinking Fund Trustee* 66.400 46
Currant Ac«ounU .SI'S ,«
Ca*b OB Hand and in Transit 580,70803
Total AweU
$44,027.20607
Funded Debt Outstanding 16,118,000
Outstanding Called Stocks and Bonds 543,33< 07
Equipment Trusts Outstanding 4,360 82
Sinking Funds Accrued JrSJi ,i
Interest and Rentals Accrued not Due 154, (98 73
Current Liabilities 333,221
Due to Subsidiary Companies j?S5 S
Reserve Funds, Maintenance ^.^'
Profit and Loss • 720.475
Total Liabilities $44,027,206 07
$2,000,000 Terminal gold 5s of May 1, IMS.
«'.000 Collateral Trust gold 6s of May 1, 1905.
Proprietary Roads ($3,364,000).
3.000.000 W.-B. & East. 1st gold 5s of June 1. 1942.
250.000 Susq. Conn. 1st gold 6s of March 1 1907
44,000 Macopin RR. 1st 5s of Dec. 1, 1916.
K>,<XX> PassaP & N. Y. 1st gold 6s of Dec. 1. 1910.
v ' iv Ktt ill1' 751 000)
IUMLW Midland RRlsl gold fo of April 1. 1910.
torxnn RTt 1st 6s of June 1 1S10
*000 N Y™ * W. st Jloto o? July 1. 1910.
3.745 Ol» Refundin* gold 5s of Jan. 1, 1937.
,,r P.I, 1937
? Sa'So ?en?ral gold Jo*' AuJ i. 1940.
The Midland RR. bonds are secured by first mortgage on the line from Marion to Unionvllle
71.6 bnef The Paterson Extension bonds are secured by first mortgage on the road and real estate
In the city of Paterson. The N. Y., 8. & W. firsts are a 1st Hen on the line from Two Bridges to
Gravel P ace and on the Wlnton. Delaware and Lackawanna Valley branches, in all 61.6 m and a
2d lien on the main line and Paterson Extension. The refunding firsts are secured on the same
property but are subject In lien to the firsts. The 2d mtge. bonds are exchangeable for gen mtge^
b^dTon payment of an assessment. The authorized issue of gen mtge bonds is $3,000,000 bu
'ugh of the bonds are held by the Central Trust Co. of New York, trustee, for the retirement of
'd mtee bonds The gen. mtge. bonds and all bonds prior thereto are in coupon form, with
orlvileKe of registration. The terminal mtge. bonds are secured on the property acquired from the
Terminal Co including 3 miles of railroad, a tunrel under the Palisades, and 62 acres of terminal
nrooerty on the Hudson River. The collateral trust bonds, originally $500,000 in amount, are sub-
ject to call for sinking fund. The bonds of the proprietary companies are guaranteed by the N. Y.,
8. ft W. RR. Co.
9. RAILROADS OWNED OB LEASED BY THE N. Y., S. & W. RR. Co.
HA< KENSACK AMD LODI RR. — Lodl
June to Hackensack, N. J., 1.41 miles. Capital
•lock (all owned by N. Y., S. & W. RR. Co.).
$25000.
CORPORATE OFFICERS. — F. D. Underwood,
Pren. ; J. W. Flatten. Treas. ; O. A. Richardson,
S*c. Office. 21 Cortlandt St., New York, N. Y.
I. (>I)I BRANCH RR. — Lodl June, to Lodl,
N. J.. 2 m., of which 0.73 m. In operation. The
Motion between junction with the N. J. ft N. Y.
RR. and Lodl June.. 1.02 m.. Is at present unused.
Chartered June 15, 1880. Capital stock (all owned
by N. Y.. S. ft W. UR. Co.), $60.000.
CORPORATE OFFICERS. — F. D. Underwood,
Pren. ; J W. Flatten. Treas. ; O. A. Richardson,
See. OftV-e. 21 Cortlandt St., New York, N. Y.
MACOPIN RR. — Macopin Lake June., N. J..
to Macopin Lake, N. J., 1.50 miles. Chartered
Nov. 8. 1*86; road opened about April 30, 1887.
Capital Block (all owned by N. Y., S. ft W. RR.
Co.). $00.000; funded debt (1st 5s of Dec. 1. 1916.
guaranteed by N. Y.. 8. ft W. RR. Co.). $44.000.
CORPORATE OFFICERS. — F. D. Underwood.
Pre«. : O. M. Cummin*. Vice-Pros. ; J. W. Flat-
ten. Treas. : O. A. Richardson, Sec. Office, 21
Cortlandt St., New York. N. Y.
PA9AAIC AND NEW YORK RR -- Passaic
to Paosalc June., N. J.. 3.05 miles. Rail (steel),
•0 Ibs. Organized July 13, 1886; opened Feb. S,
Ml. Capital stock (all owned by N. Y.. 8. ft W.
RR. Co.). $70,000; funded debt (1st gold 6s of
I*o. 1. 1910. Int. J. ft D.. guaranteed by N. Y., S.
ft W. RH. Co.). $70.000 — total, representing cost
of road. dr.. «40.00n.
CORPORATE OFFICERS.— F. D. Underwood,
PTM. : O. M. Curamlng. Vlce-Prw. ; J. W. Plat-
trn. Tr*a*. : O. A. Richardson, Sec. Office, 21
Cortlandt St.. New York, N. T.
SISULEHAXNA CONNECTING RR
Paddy's Land to Minooka, Pa., 9.80 m. ; branches
and spurs, 11.59 m. — total, 21.39 miles. Rail
(steel), 60 Ibs.
HISTORY. — Organized Dec. 14, 1896. Road as
completed was built in 1S97 and leased to the
Wilkesbarre and Eastern RR. Co., the lessee
guaranteeing interest on the bonds and a sinking
fund of five cents per ton transported over this
road, the same to amount to at least a sum
sufficient to retire $50,000 of bonds per annum.
The capital stock of tDis company Is owned by
the NT. Y., S. & W. RR. Co.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $500,000; funded debt (1st
gold 6s of March, 1907), $250,000 — total, represent-
ing cost of property, $750,000.
FUNDED DEBT. — The bonds are redeemable
in sums of $25,000 at each interest period, at 105
p. c. Principal and interest guaranteed by the
N. Y., S. & W. RR. Co.
CORPORATE OFFICERS. — J. Lowber Welsh,
Pres., Philadelphia, Pa. ; F. D. Underwood, Vice-
Pres. ; O. A. Richardson, Sec. ; J. W. Flatten,
Treas., New York, N. Y. OflVe, 21 Cortlandt St.,
New York. N. Y.
WILKESBARRE AND EASTERN RR. —
Wilkesbarre to Stroudsburg, Pa., 65 m. ; branch,
Westminster June. (W. & E. RR.) to end of
Everhart branch (C. of N. J.), 0.46 m. — total,
06.46 m. ; Susquehanna Connecting RR. (leased).
21.39 m. ; total track, 86.85 miles. Rail (steel),
70 Ibs.
HISTORY. — Chartered March 8, 1892 ; main line
opened Dec. 1, 1893 ; branch during 1897. Operated
by the N. Y., S. ft W. RR. Co., which owns the
entire capital stock and guarantees the bonds,
both principal and Interest.
POOR'S MANUAL OF RAILROADS.
107
ROLLING STOCK. — Locomotives, 15. Cars —
passenger, 6 ; freight, 518 ; other, 11 — total, 535.
BALANCE SHEET, June 30, 1902. — Capital
stock f$50 shares), $3,000,000; funded debt (1st
gold 5s. of June 1, 1942), $3,000,000; interest and
rentals accrued, $23,755 — total, $6,023,755. Contra :
Cost of property, $6,000,000; N. Y., S. & W. RR.
Co., $23,755— total, $6,023,755.
CORPORATE OFFICERS. — J. Lowber Welsh,
Pres., Philadelphia, Pa. ; F. D. Underwood, Vice-
Pres. ; G. A. Richardson, Sec. ; J. W. Flatten,
Treas. ; M. P. Blauvelt, Auditor, New York, N. Y.
Office, Wilkesbarre, Pa.
MIDDLETOWN, UNIONVILLE AND
WATER GAP RR. — Middletown to Union-
ville, N. Y., 13.65 m. ; total track, 16.30 miles.
Rail (steel. 15.30 m.), 51 to 60 Ibs.
HISTORY. — Chartered May 26, 1866; opened
June 10, 1868. Leased by the N. Y.. S. & W. RR.
Co. (See Manual for 1893, page 852.)
INCOME ACCOUNT. — Net earnings, year end-
ing June 30, 1902, $15,500. Payments : Interest,
$20,000 ; taxes, $2,293 — total, $22,393. Deficit, $6,793.
BALANCE SHEET, June 30, 1902. — Capital
stock ($300.000 auth. ; $50 shares), $149,850; funded
debt, $400,000; unfunded debt, $109,343 — total,
$659,193. Contra: Construction (net), $350,476;
profit and loss, $308,717 — total, $659,193.
FUNDED DEBT consists of $150,000 1st 5s of
Nov. 1, 1911; and $250,000 2d 5s of June 1, 1910.
CORPORATE OFFICERS. — F. D. Underwood,
Pres. : Daniel Willard, Vice-Pres. ; J. W. Plat-
ten, Treas. ; G. A. Richardson, Sec. Office, 21
Cortlandt St., New York, N. Y.
1O. Board of Directors, N. Y., 8. & W. RR. Co., as constituted March I, 1903.
W. L. Bull.... New York, N. Y.
W. H. Corbin.. Jersey City, N.J.
D. Willard.... New York, N. Y.
F. D. Underwood "
Norman B. Ream. .Chicago, 111.
A. L. Hopkins,
Williamstown, Mass.
C.J.Lawrence. New York, N. Y.
J. G. McCullough,
N. Bennington, Vt.
Sam'l Spencer. New York, N. Y.
Charles Steele.
F. L. Stetson. .
G. A. Richardson "
J. J. Goodwin. . " "
F. D. UNDERWOOD, President New York, N. Y.
Daniel Willard, 1st Vice-Pres. and Gen. Mgr "
H. B. Chamberlain, 3d Vice-Pres. and Gen. Traffic Mgr. " "
G. A. Richardson, Assistant to President and Secretary "
Treasurer — J. W. Flatten New York, N. Y. | Auditor — M. P. Blauvelt New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 21 Cortlandt Street, New York, N. Y.
HUNTINGDON AND BEOAD TOP MOUNTAIN RAILROAD AND COAL
COMPANY.
1. Main Line. — Huntingdon, Pa., to Mount Dallas, Pa 45.0 m.
Branches and extensions to mines, etc 19.1 m. — 64.1 miles.
Sidings, etc., 22 miles. Gauge, 4 ft. 9 in. Rail (steel), 85 Ibs.
2. History.— Chartered May 6, 1852; road opened in 1867. (See MANUAL for 1890,
page 281.)
3. Rolling Stock, June 30, 1902. — Locomotives, 22. Cars — passenger, 10; freight
(coal), 2,923 — total cars, 2,933.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 65,935;
freight, 309,871; other, 24,885 — total, 400,691 miles. Passengers carried, 124,834; carried
one mile, 2,592,074; average mile rate; 2.49 cents. Tons freight moved, 3,907,137; moved
one mile, 123,397,587; average ton-mile rate, 0.57 cent.
EARNINGS 1900-01 1901-02
Passenger . $60,09460 $64,41199
Freight 615,866 19 701,708 17
Mail and Express 13,076 72 13,937 94
Miscellaneous 3,339 06
Totals $692,976 57 $780,058 10
Averages per Mile 10,810 85 12,169 39
EXPENSES 1900-01 1901-02
Maint. Way and Structures. $63,67222 $73,20975
Maint. of Equipment 40,265 S2 52,709 74
Conducting Transportation. 167,533 48 175,856 23
General Expenses 38,599 14 38,663 05
Totals. . . . . $310,070 66 $340,438 77
Averages per Mile 4,681 29 5,311 06
Net earnings, 1901-02 (56.36 p. c.), $439,619.33; other receipts, $7,221.02 — total,
$446,840.35. Payments: Interest on funded debt, $106,190; taxes, $21,077.46; dividends
on preferred stock (5 p. c.), $100,000 — total, $227,267.46. Surplus, $219,572.89; sur
plus forward, $319,402.17 — total, $538,975.06. Deductions: Charged off for deprecia-
tion of property and equipment, $88,115.40; depreciation of stocks owned, $7,500; loss in
operating car trust cars, $29,246.66 — total, $124,862.06. Balance, surplus June 30, 1902,
$414,113.
5. Capital Stock. — The preferred stock has priority over the common stock for dividends at
the rate of 7 p. c. per annum .non-cumulative. Up to July 1, 1902, there were paid 34 dividends on
the preferred stock and 14 on the common stock. In July, 1902, and in Jan., 1903, dividends of 3J
I It's MAM VI. ol UAILKOAI>8 HII'i.l.K ATLANTIC CIK'I I'.
p e. Men ww* paid on the preferred stock, and in Jan., 1903, a dividend of 2J p. c. was paid on
«. capital stock, bonded debt, revenues, etc., for eight fiscal years i-mling June 30:
Yean.
Capital
«"«
UK.
nt.-.l
Karn-
injr-.
Ex|)enses
iiri'l
Taxes.
Net
Karn- ]
ings.
interest.
Divi-
dends.
Balance
(+OT- ).
|
$ $
s
9
f
$
$
$
1895
3,371,750
2.280.NX' i. •
032,804
28.1,310
349,494
117,295
208,750
422,102
•_> jv, i ;.i m |, ()], i . i ;
M8.47U
•*.>:>. 1 SI.
353,290
107,480
194,870
4- 50,940
1807 . . .
2,sBe,aoo ••'< >'• -~ • ;
271.929
262,356
107,871
133.718
4 20,767
1898. . .
-'.-.VI..
.r> ii,3t>2
ii03.929
2-17.433
106,160
100,000
-t 41, 242
1009
.1 7 "H I
c,:< HO
L'Mt.iW.
272.379
106,190
100,000
466,189
1900.
1901
. 3,371.750
3,371,750
•j L's<' .'..KI ;, svj i'.r,
64 .00
1.4 lei
027,141
i.'.-J '.ITV
3U1.-141
331.078
271,446
361,898
100,190
106,190
130.000
120,000
435,256
4135,708
im
3.371.750
2.2HO.&OO S.892.361
i.l in
780,058
30 1.516
•JlS.Mli
106,190
100,000
-| 212,352
7. dnirral Balance
Jatu 30, 1902.
Cost of Road and Equipment $5.790.272 01 Common Stock ($50 shares) $1,371. ioO 00
Preferred Stock ($50 shares) 2,000,00000
Funded Debt Outstanding (see below) 2,280,500 00
Current Liabilities 72,30278
Profit and Loss 414,11300
Total Liabilities. . . ... .$6,138,665 78
Lands Owned C4.5«S »8
Stock* and Bonds Owned 37.5M 09
Materials and Supplied 70.148 82
Cash on Hand 176,155 97
Total Assets $6,138,665 78
S. Funded Debt. — The funded debt outstanding on June 30. 1902, consisted of $416,000 1st
4s (ext.) of March 31. 1920; $367,500 2d 4s (ext.) of Feb. 1, 1925, arid $1,497,000 consol. 5s (ext.)
of March 31, 1925. The bonds cover the entire property of the company. The interest, but not the
principal, of Ists Is payable in gold ; the 2ds and the consols, are payable in gold both as to prin-
cipal and interest.
SUPPLEMENTARY STATEMENTS FOB THE YEAR ENDING DECEMBER 31, 1902.
9. Treasurer's Account.— Cash balance from Dec. 31, 1901, $56,642.72; receipts
from passengers, freight, car mileage, etc., $1,060,135.50 — total, $1,116.778.22. Deduc-
tions: Operating expenses, taxes, construction and equipment, etc., $61:5,011.16; interest
on bonds, $106,570; dividends — on preferred ttock (5 p. c.), $119,955.50; on common
stock, $2.50; H. & B. T. consol. car trust cars, interest account, etc., $16.531.33; payment
account of principal H. & B. T. consol. car trust cars, $68,000; H. & B. T. car trtst cars,
series 14, interest account, etc., $11,830; principal account, II. & B. T. car trust cars,
series 14, $29,000; Everett Glass Co. stock, $2,500; bills payable, $24,849.24; cash bal-
ance Dec, 31, 1902, $124,528.49— total, $1,116,778.22.
10. General Balance Sheet. — Capital stock, $1,371,750; preferred stock, $2,-
000,000; funded debt, $2,280,500; scrip convertible into stock, $247; current liabilities,
$63,404.72; addition to H. & B. T. consol. car trust fund, $23,455.92; profit and loss,
$397,889.69 — total, $6,137,247.33. Contra: Cost of road and equipment. $5,804,599.80;
real estate, $64,588.98; stocks owned, $40,000; general supplies, $53,800.85; insurance,
"car trust cars," $2,045.45; bills receivable, $14,849.24; current accounts, $22,834.52;
cash, $124,528.49— total, $6,137,247.33.
11. Huntingdon and Broad Top Consolidated Car Trust Fund.— Car trust cer-
tificates to the amount of $680,000 were issued in 1896, payable $68,000 yearly from
Oct. 1, 1897, to 1906, and with interest at 5 p. c. per annum, payable April and Oct.,
at the office of the trustee, The Merchants' Trust Co., Philadelphia, Pa. (See MANUAL
for 1897, page 32.) Amount outstanding, Dec. 31, 1902, $272,000. These are secured
on 2,400 hopper gondolas and 5 flat-bottom construction trucks. Receipts from car ser-
vice, year ending Dec. 31, 1902, $135,240.37; sale of old material, $13,844.56 — total,
$149,084.93. Disbursements: Repairs, pay rolls, and incidentals, $107.567.93; install-
ment of principal paid Oct. 1, 1902, $68,000; interest on loan, $17,000— total. $192,567.93.
Debit balance for year, $43,483.
12. Fourteenth Series Car Trust Fund.— Car trust certificates to the amount
of $350,000 were issued in 1899 to pay for 500 coal cars. The certificates run 12V2 years,
and bear interest at the rate of 4 p. c. per annum. Trustee: Pennsylvania Co. for In-
•nirancea on Lives and Granting Annuities, Philadelphia. Pa., amount outstanding Dec.
31, 1902, $263.000. Receipts from car service to Deo. 31. 1902, $29,272.91; sale of old
material, $1,779.69 — total, $31,052.60. Disbursements: Repairs, pay rolls, and incidentals,
$0,569.44; proportion of principal of loan, $29,000; interest on loan, $11,680 — total,
$50,249.44. Debit bal.moe for year, $19,196.84.
1J*. Directors (emoted "Feb. 3, 1903).— Thomas RPatton, ^Yilliam Bault.Wm. H.
Shallcrosg, Lewi* A. Riley, Harrison K. Caner, Charles S. Farnum, James W. Paul, Jr.,
POOR'S MANUAL OF RAILROADS.
109
Morris W. Stroud, Charles D. Barney, Philadelphia, Pa.; Samuel Bancroft, Jr., Edward
Bringhurst, Jr., Wilmington, Del. ; Robert H. Crozer, Upland, Pa.
GEORGE H. COLKET, President Philadelphia, Pa.
Samuel Bancroft, Jr., Vice-President Wilmington, Del.
Sec. <f Treas. — J. P. Donaldson. Philadelphia, Pa. I Gen. Manager — Carl M. Gage.. Huntingdon, Pa.
Auditor— J A. Pfouts Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS. .... .4th and Walnut Streets, Philadelphia, Pa.
LEHIGH AND HUDSON RIVER RAILWAY COMPANY.
1. Line of Road Owned.— Belvidere, N. J., to Greycourt, N. Y 63.2 miles.
OPERATED ( Orange County RR. (see subjoined statement) 13.1
ROADS: \ So. Easton and Phillipsburg RR. (see subjoined statement) . . . 0.7
TRACKAGE RIGHTS: Pennsylvania RR.: Belvidere to Phillipsburg, N. J.... 13.3 "
Total length of lines operated, June 30, 1902 90.3 miles.
Sidings, etc., 23.7 miles. Gauge, 4 ft. 8% in. Rail — steel (owned, 84.95 m.), 60 and
65 Ibs.; iron, 56 Ibs.
i2. History. — Chartered April 1, 1882; road opened throughout on August 14,
1882. (See MANUAL for 1891, page 282.) The Orange County RR. is operated by this
company, but accounts are kept separate. A contract for 100 years, entered into early
in 1889 with the Pennsylvania RR. Co., gives to this company the use of the Pennsyl-
vania's tracks between Belvidere and Phillipsburg, and to the Pennsylvania the use of
this line to reach the Poughkeepsie Bridge. There is also a trackage agreement with the
N. Y., O. & W. Ry. for use of line between Burnside and Campbell Hall, N. Y., con-
necting with the Wallkill Valley RR^ and with the West Shore RR.
3. Rolling Stock, June 30, 1902. — Locomotives, 17. Cars — passenger, 4; combina-
tion, 6; freight (box, 104; flat, 16; coal, 539; milk, 6), 665; service cars, 13 — total, 688.
4. General Income Account, year ending June 30, 1902.
EARNINGS 1900-01 1901-02
Passenger $21,836 96 $23,576 48
Freight 380,59837 331,31346
Mail and Express 10,469 02 10,745 68
Miscellaneous 1,12450 3,17249
Totals $414,028 85 $368,808 11
Averages per Mile 5,363 07 4,777 30
EXPENSES 1900-01 1901-02
Maint. of Way & Structures $51,890 94 $38,932 50
Maint. of Equipment 40,272 89 29,705 92
Conducting Transportation. 129,18618 116,17118
General Expenses 17,891 79 16,247 10
Totals $239,241 80 $201,056 70
Averages per Mile. .... 3,098 99 2,604 36
Net earnings (45.49 p. c.), $16.7,751.41; add income from other sources, $895.10 —
total, $168,646.51. Payments: Interest on funded debt, $125,395; deficit in operating
Orange County RR., $2,127.24; taxes, $10,316.77— total, 137,839.01. Surplus, $30,807.50;
surplus forward, $208,492.64 — total, $239,300.14. Less depreciation of equipment, $21,-
390.72. Surplus, June 30, 1902, $217,909.42.
5. Statement showing results from operation for eight years ending June 30:
Gross Earnings
Oper. Expenses
Net Earnings
Rr»nH
Net
Total
TT~«_ ALUttU
Year"- Oper.
Total
Per Mile
Total
Ratio
Total
Per Mile
Income
Pavm'ts Surplus
M.
$
$
$
p.c.
$
$
$
$
$
1895... 77.20
392,912
5,089.53
243,880
62.07
149,032
1,930.47
153,221
140,337
12,884
1896. ..
77.20
370,972
4,805.34
215,822
58.17
155,150
2,009.72
159,348
141,064
18,284
1897 . . .
77.20
327,078
4,236.75
182,384
55.7
ft
144,694
1,874.27
144,747
142,096
2,651
1898 . .
77.20
366,756
4,750.73
186,420
50.83
180,336
2,335.96
183,166
143,842
39,324
1899 . .
77.20
422,108
5,467.72
214,160
50.73
207,948
2,693.63
210,031
145,075
64,956
1900. ..
77.20
455,702
5,902.88
223,117
48.96
232,585
3,012.76
234,217
142,234
91,983
1901 . . .
77.20
414.029
5,363.07
239,242
57.7
8
174,787
2,264.08
175,640
137,286
38,354
1902...
77.20
368,808
4,777.31
201,057
54.51
167,751
2,172.95
168,646
137,839
30,807
«. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $2,473,000
, as per
general balance
sheet — consisted of
the following
$145,000 Warwick
Vy. RR.
1st 4Js of
July 1,
1911
$164.000 L. &
H. R. Ry
consol.
5s of July
1, 1917.
800,000 L. & H.
R. RR. 1st 5s of July 1, 1911.
1
124,000 L. &
H. R. Ry
gen. 5s.
of July 1,
1920.
240,000 Warwick Vy. RR.
2d 6s of
April 1,
1912.
The general mortgage bonds are part of an Issue of $3,000,000, of which bonds for $1,535,000
are reserved for the retirement of prior liens, and $330,000 additional for the construction of ex-
tensions or the acquisition of connecting roads, the remaining $11,000 being in the treasury of the
110
POOR'S MAM AL OK RAILROADS — MIDDLE ATLANTIC GROUP.
company. They are secured on the entire property of the company. The Lehigh Coal and Naviga,-
UooOo and the Central HR. Co. of New Jersey Jointly and severally guarantee $1.062,000 of them,
both as to principal and Int.
7. (irmral Balance Sheet, June 30, 1902.
Capital Stock Paid in ($100 shares).. $1,340.000 00
Funded Debt Outstanding (see below) 2,473,000 00
Interest on Bonds, Due and Accrued.. 58.0% 25
Current Accounts 31,97135
Co«t of Road $2,08,320 17
Cost of Equipment 806.944 62
• Stock* and Hondo Owned 350,000 00
Other Permanent Investments Z39.M6 00
Front and Loss 217,909 42
Material* and Supplies 35,825 46
Current Accounts Tt'?£J
Canh on Hand 100.187 09
Total Assets $4.120.977 02 Total Liabilities $4,120,97702
•Consisting of $200.000 Orange County RR. stock and $150,000 South Easton and Phillipsburg
RR. Co. stock.
8. RAILROADS OPERATED BT THE LEHIGH AND HUDSON RIVER RY. Co.
OHANUE for STY RR — Hudson June.
(Oreycourt) to Maybrook. N. Y., 10.7 miles.
Trackage: N. Y.. O. A W. RR.. Burnside to
Campbell Hall. X. Y.. 2.4 m. — total. 13.1 m. ;
total track (steel: 66 IDS.). 16.58 miles.
HISTORY. — Chartered Nov. 28. 1888; road built
In 1889. The L,. * H. R. Ry. Co. operates this
road for Its net earnings ; in 1901-02 the opera-
tion of it resulted in a deficit of $2,127.
BALANCE SHEET. June 30, 1902. — Capital
stock ($100 shares), $200.000; loans and bills pay-
able. $216.360; profit and loss. $4.048 — total, $420.-
XW, representing cost of road. The capital stock
is owned by the L. A H. R. Ry. Co.
CORPORATE OFFICERS. — Presidency, va-
cant ; John Sayer, Sec. & Treas. ; E. M. Reynolds,
! Aud., Warwick, N. Y. Office, Warwick, N. Y.
-ol 'I II EASTON AND PHILLIPS BURG
KR. — South Easton, Pa., to Phillipsburg, N. J.,
about 0.7 mile.
HISTORY. — Organized July 25, 1889. Operated
by the L. & H. R. Ry. Co., and operations in-
cluded in those of that company.
BALANCE SHEET, June 30. 1902. — Capital
stock (all owned by the L. & H. R. Ry. Co.).
J150.000; current liabilities, $83.104 — total, repre-
senting cost, $233,104.
CORPORATE OFFICERS. — Lewis A. Rlley.
Prea. ; C. F. Howell, Vice-Pres. ; S. Shepard, Sec.
& Treas., Philadelphia, Pa. Corporate Offices.
Easton, Pa., and Phillipsburg, N. J.
9. Board of Directors, Lehigh and Hudson River Ry. Co., elected December 2, 1902.
Lewis A. Riiey. Philadelphia, Pa.
Oorge F. Baer.
H.C.Fahnestock.New York.N.Y.
Htnry Graves.. .
Alfred Ely.... New York, N. Y.
Jos. S. Harris. Philadelphia, Pa.
T. P. Fowler. .New York, N. Y.
W. R. Potts....
J. M. Duane. . . New York, N. Y.
R. T. Davies...
W. V. Martin..
J. R. Maxwell..
George F. Baker New York, N. Y.
LEWIS A. RILET, President Philadelphia, Pa.
Sec. A Treat. — John Sayer Warwick, N. Y. | Auditor — E. M. Reynolds Warwick, N. T.
PRINCIPAL OFFICE AND ADDBESS Warwick, N. Y.
NEW YORK CENTRAL AND HUDSON RIVER RAILROAD SYSTEM.
The following are the railroads embraced in this system on July 1, 1903. Full
particulars respecting each road will be found in the separate statements therefor (see
GENERAL INDEX) :
New York Central and Hudson River Railroad 3,319.55 miles.
Beech Creek Extension Railroad 58.62 "
Dunkirk, Allegheny Valley and Pittsburg Railroad 90.60 '
St. Lawrence and Adirondack Railway 65.07 "
Fulton Chain Railway 2.21 "
Raquette Lake Railway 18.13 "
Toronto, Hamilton and Buffalo Railway 83.87 "
Lake Shore and Michigan Southern Railway 1,411.16
Cleveland, Cincinnati, Chicago and St. Louis System 2,287.10
Cincinnati Northern Railroad 247.59
Detroit, Toledo and Milwaukee Railroad 132.70
Lak« Erie, Alliance and Wheeling Railroad • . . . . 87.80
Indiana, Illinois and Iowa RR 251.66
Lake Eric and Western Railroad and Northern Ohio Railway 887.00
New York, Chicago and St. Louis Railroad 523.02
Pittsburgh and Lake Erie Railroad 185.56
Michigan Central Railroad and Canada Southern Railway 1,635.05
Total mileage of the system, July 1, 1903 11.286.69 miles.
The Dunkirk, Allegheny Valley and Pittsburg RR. is leased to the New York Central
and Hti«l*on River RR. Co. for 501 years from Dec. 1, 1872, but is operated by the Lake
POOR'S MANUAL OF RAILROADS.
Ill
Shore and Michigan Southern Ry. Co. as agent for the lessee. Its operating and financial
statistics are not included in the lessee's statement, although the rental paid under the
lease is charged against net income in the statement in Sec. 5. The St. Lawrence and
Adirondack Ry., the Fulton Chain Ry. and the Raquette Lake Ry. are operated by the
New York Central and Hudson River RR. Co., as agent for the owners, but their statistics
are not included in the accounts of the operating company. The Beech Creek Extension
RR. was not taken over for operation by the New York Central and Hudson River RR.
Co. until July 1, 1902. The other controlled railroads named in the mileage statement
are operated by their own organizations.
The Lake Shore and Michigan Southern Ry. Co. and the Michigan Central RR. Co.
are controlled directly by the New York Central and Hudson River RR. Co. through
ownership of a large majority of their capital stocks. The Lake Shore and Michigan
Southern Ry. Co. controls the Cleveland, Cincinnati, Chicago and St. Louis Ry. Co., the
Indiana, Illinois and Iowa RR. Co., the Lake Erie and Western RR. Co., the New York,
Chicago and St. Louis RR. Co. and the Pittsburgh and Lake Erie RR. Co.
The Toronto, Hamilton and Buffalo Ry. is controlled by the N. Y. C. & H. R. RR.
Co., by virtue of the latter's ownership of the Michigan Central RR. and of the agree-
ment between the Michigan Central RR. Co. and the Canada Southern Ry. Co. Of the
"five corporations which divide the control of the Toronto, Hamilton and Buffalo Ry., the
New York Cential, the Michigan Central and the Canada Southern are three.
NEW YORK CENTRAL AND HUDSON RIVER RAILROAD COMPANY.
(For map of this railroad, see page 113.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Advances to Other Cos 14
Bonds and Stocks Owned 16
Bonds Guaranteed 11
Capitalization and Cost 4
Capital Stock, Descrip. of...!0a
Directors and Officers 21
Dividends and Int. Rec'd. . . 17
Earnings, Expenses, etc 6
Equipment 3
Floating Equipment 4
Funded Debt, Details of lOb
General Balance Sheet, 1902. . 10
Gen. Bal. Sheet, 1896-1902.... 15
Guaranteed Bonds 11
History 1
Income Acct, Year 1901-02. . . o
Int. and Dividends Received 17
Int. on. Funded Debt, Details fia
Leased Line Statements. . .18-20
Mileage Operated, June 30,
1902 2
Mileage Owned, 1896-1902.... 15
Operations and Income, 1901-
1902 7
Other Prop., Ownership of. . 13
Proprietary Interests 12
Rental of Leased Lines, De-
tails 6b
Rolling Stock, June 30, 1902.. 3
Rolling Stock, Years 1896-
1902 15
Stocks and Bonds Owned 16
Taxes, Details of 6c
1. History.— Consolidation, Nov. 1, 1869, of the New York Central RR. Co. and the
Hudson River RR. Co. (see MANUAL for 1890, page 110). The lease of the Troy and
Greenbush RR, was inherited from the Hudson River RR. Co. ; the other leases have been
acquired fro-n time to time by the consolidated company. Their terms are outlined in
the subjoined statements for the several leased roads. The Dunkirk, Allegheny Valley
and Pittsburg RR. is leased for 501 years, from Dec. 1, 1872, but its mileage and
operations are not included in this statement, as separate accounts have been kept and
an independent statement prepared in its behalf. On Oct. 1, 1901, the operation of
the Dunkirk, Allegheny Valley and Pittsburg RR. was assigned to the Lake Shore and
Michigan Southern Ry. Co. as agent for the N. Y. C. & H. R. RR. Co., lessee.
The Terminal Ry. of Buffalo is owned jointly by this company and the Lake Shore and
Michigan Southern Ry. Co., while the Pittsburgh and Eastern RR. is owned jointly by
this company and the Pennsylvania RR. Co. This company controls the Lake Shore and
Michigan Southern Ry. Co. and the Michigan Central RR. Co., through the ownership of
more than 91 per cent, of the capital stock of the Lake Shore and of about 88 per cent,
of the capital stock of the Michigan Central.
The Beech Creek Extension RR., from Keating to Clearfield, Pa., and with a branch
from Elbell to Rossiter, Pa., a total of 58.6 miles, was taken over for operation by the
New York Central and Hudson River RR. Co. on July 1, 1902. In connection with the
lease of that line the company secured trackage rights over the Philadelphia and Erie RR.
112 [NM. K'S \t\N! \l MI KMI.Ko.M'S MIIH»I.K ATLANTIC GHOTT.
from Keating to MeKlhatUn, about 50 miles, affording an additional low grade outlet for
coal shipment* from the Clonrtirkl district.
2. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 810.25 miles).
IfoiM /.in.'. Hudson Kiver Division: New York to Renaselaer, N. Y 143.36 miles.
0 y'orfc Ventral Division: Rensselaer to Buffalo, N. Y. . . 297.33
Hoffman* < ^nn«-tn,n : HotTmuris to Central Junction, N. Y 1.61
Ti-uv and Schcncctady Branch: Troy to Schenectady, N. Y 20.89
Bat'aria and Attica Branch: Batavia to Attica, N. Y 10. 67
Aubum Road: Syracuse, via Auburn, to Rochester, N. Y 98.24
i ra Falls <f Cnnandaiffua Br. : Canandaigua to Xortli Tonawanda, N.Y. 85 . 76
Mfirtara fulls Branch: Rochestt-r to Niagara Falls, N. Y 75.62
Tt.mncandti Itranch : Lockport Junction to North Tonawanda, N. Y 11 . 17
('harlot it' Branch : Rochester Junction to Ontario Beach, N. Y 7.91 "
Buffalo and Magara Falls Branch: Buffalo to Niagara Falls, N. Y 21 .82
Leu iston Branch : Suspension Bridge to Lewiston, N. Y 6.22 "
Buffalo Belt Line: East Buffalo to North Buffalo, N. Y
Geneva and Lyons Branch: Geneva to Lyons, N. Y 14. 07 "
Syracuse Junction Branch: De Witt to Geddes, N. Y 8.31 "
B. LEASED LINES (total, 2,374.13 miles).
Beech Creek RR 159.69m.
Boston A Albany RR 304 . 57 tn.
B. A A. Leased Lines 71 .90 m.
B. & A. Operated Roads 16.50 m.
Carthage A Adirondack Ry.... 45.85 m.
Fall Brook Ry 91 . 51 m.
Oouv. A Oswegatchie RR 13.24 m.
Mohawk A Malone Ry 182.22 m.
New Jersey Junction RR 4. 77 ME.
New York *A Harlem RR 136. 60 m.
Pine Creek Ry 74. 96 m.
Brought forward 1,101.81
New York A Putnam RR. . . 56.83
Mahopac Falls RR 2 . 05
Rome, Wat. A Ogdensb. RR. 409.69
R., W. A O. Leased Lines. . . 214.79
Spuy. Duy. A Pt. Morris RR. 6 . 04
Syra., Ge'neva & Corn. Ry.. 64.27
Tivoli Hollow RR "... 1 . 24
Troy A Greenbush RR 5 . 56
Wallkill Valley RR 32 . 88
West Shore RR.. 478.97
C. OPERATED UNDER CONTRACT OTHER THAN LEASE (total, 27.54 miles).
Terminal Ry. of Buffalo : Depew to Blaisdell, N. Y 1 1 . 02
Pittsburgh rf Eastern KB. : Mahaffey to Arcadia, Pa 13 . 46
Buffalo Erie Basin RR.: Main Line to Erie Docks, Buffalo, N. Y 0.25
New York Central Niagara River RR.: Main Line to Niagara River 2.81
D. TRACKAGE RIGHTS (total, 107.63 miles.)
Delaware and Hudson Co.: Albany to Troy, N. Y 7 . 10
Delaware and Hudson Co.: Kenwood Junction to Albany, N. Y. . 1 69
Troy Union RR. : In Troy, N. Y 2 06
Buffalo Creek RR.: In Buffalo, N. Y 503
Erie RR.: Montgomery to Campbell Hall, N. J 4.78
Erie RR. : Lawrenceville to Blossburg, Pa 25 50
Erie RR. : Blossburg to Morris Run, Pa 3.58
New York, Ontario and Western Ry.: Fulton to Oswego. N. Y 12.20
Pennsylvania RR. : Sterling Junction to Jersey City. N. J 129
Pennsylvania RR. : Mahaffey to Patton, Pa \. 20 39
Pennsylvania RR.: Main Line to Mines , . 9. Jo "
Philadelphia, and Reading Ry.: Newberry Junction to Williamsport, Pa 3 54 "
Pennsylvania and Northwestern RR. : McGee's Jc. to Canoe Creek Jc., Pa. 11. 37 "
Total length of lines operated, June 30, 1902 3,319 . 55 miles.
3. Rolling Stock. -^Tune 30, 1902.— Locomotives, 1,729. Cars— passenger (coaches
; smoking, 163), 1,130; combination. 178; dining, 21; immigrant and excursion, 123;
parlor and sleeping, 11; baggage, mail, and express, 449; other cars in passenger service,
freight (box, 37,382; flat, 4,499; stock, 1,300; refrigerator, 180; coal and coke,
17,773; caboose, 741), 61, 855; service, 1,820— total, 65,764.
4- Floating Equipment—Tune 30, 1902.— Propellers. 6; tugs. 19; steam hoisting
barges, 9; hand hoisting barges, 23; covered barges, 66; grain boats, 30; car floats, 34;
ferryboats, 7— total 194.
The company owns 10 grain elevators with an aggregate capacity of 7,724,000 bushels.
113
II 1
MANUAL OK RAILROADS MIDDLE ATLANTIC GROI T.
rt. Track Mileage. —Statement of track mileage of the N. Y. C. & H. R. RR.
Co. on June 30, 1002:
DTTOIOMB AND BRANCHU
Main
Track
Second
Track
Third
Track
Fourth
Track
Sidings
Total
Track
Lists OWNED
Now York to RoniMlMr
M.
143 36
M.
143.36
M.
31.46
M.
M.
108.49
M.
426.67
RflOMelaer to Buffalo
297.33
297.33
288.59
288.59
476.91
1,648.75
Total length of main line owned
440.69
369.56
440.69
73.55
320.06
288.59
585.40
251.54
2,075.42
694.65
Total mileage owned
810.26
514.24
320.05
288.59
836.94
2,770.07
LINTS LEASED
Troy A Greenbush RH.
5.56
5.56
11.81
22.93
Spuvten Duyvil & Port Morris RR
604
6 04
2.30
14.38
New York 4 Harlem RR
127.45
36.63
12.40
12.17
56.99
245.64
Branches of New York A Harlem RR
9.15
6.91
16.06
West Shore RR
423.50
338.78
6.36
276.18
1,044.82
Branches of West Shore RR. .
55.47
14.60
70.07
New Jersey Junction RR ...
4.43
4.33
2.80
2.04
2.86
16.46
0.34
0.34
304 27
4.95
104.56
413.78
198 87
55.82
254.69
Branches of R W AO and U A B. R RRs
121 34
34.02
155.36
Mohawk & Malone Ry. .
173.33
47.69
221.02
8.89
3.08
11.97
4585
11.62
67.47
Gouverneur & Oswegatchie RR. . .
13.24
3.37
16.61
New York & Putnam RR
53.73
5.14
12.39
71.26
Branches of New York & Putnam RR
5.15
3.06
0.43
8.64
Tivoli Hollow RR
1.24
0.65
1.89
Wallkill Valley RR
32.88
5.45
38.33
Syracuse Geneva & Corning Ry. . .
57.69
31.09
88.78
Branch of Syracuse, Geneva <fe Corning Ry
6.58
3.68
10.26
Fall Brook Ry
51.66
2.12
41.61
95.39
Branches of Fall Brook Ry. . . .
39.85
8.38
48.23
Pine Creek Ry
74.96
12.73
39.01
126.70
Beech Creek RR
112.39
3.62
47.02
163.03
Branches of Beech Creek RR
47.30
31.38
78.68
Boston & Albany RR. . .
20039
200 39
16 83
16.81
204.35
638.77
Branches and Leased Lines, Bost. & Alb. RK. ..
192.58
16.00
78.46
287.04
Total length of main lines leased. . . .
1,887.48
62069
38.39
31.02
954.77
3,531.95
Total length of branch lines leased
486.65
19 06
180.94
686.65
Total mileage of leased lines
2 374.13
639 35
38.39
31.02
1,135.71
4,218.60
Grand Total, owned and leased. .
3 184 38
1 153 59
358 44
319 61
1 972 65
6,988.67
Lines operated under contract. . . .
27 54
11 02
4 22
42.78
Lines operated under trackage rights
107 63
18 97
126.60
Grand Total mileage operated
3,319.55
1 183 58
358.44
319.61
1,976.87
7,168.05
Gauge, 4 ft. 8^ in. Rail (steel), 60 to 100 Ibs.
6. General Income Account, year ending June 30, 1902.
Expenses — Ma_int. Way and Struct. . $8,600,032 06
assenger $23,807.085 25
Freight 40,659,778 85
Mail and Express 4,245,540 U
Rentals and Other 2,191,463 90
Total ($21,359.48 per mile) $70,903,868.11
Net Earnings (33.91 p. c.) $24,040,37898
Dividend on L. S. ft M. S Stock 3,170,244 00
Dividend on Michigan Central Stock. 672,572 00
Income from Other Securities 894,61450
Interest on Loans, Notes and Bills.. 75,996 88
Profits from Sundry Accounts 62,59600
Total. Net Income .................. $28,916,402 36
Maintenance of Equipment 9,270,963 R8
Conducting Transportation 27,205,999 22
General Expenses 1,786,494 17
Total ($14.117.42 per mile) ........ $46,863.489 13
Int on Funded Debt (see Sec. 6a ) . . $7.688,333 14
Rentals of Leased Lines (see Sec. 6b) 9.174,239 00
Taxrs ( see Sec. 6c) .................... 3,644,463 58
Interest on Loans, Notes and Bills. . 92,648 81
Reserve for Redemp. 4 p. c. Debent's . 300,000 00
Dividends, 5 p. c ....................... 5,961,411 25
Total Payments .................... $26,861,096 78
Surplus for year, $2,055,306.68; surplus to June 30, 1901, $11,769,993.37; premium
on additional capital stock sold, $4,228,221'— total, $18,053,524.95. Deductions: Special
improvement fund, $1,750,000; payments incident to refunding bonded debt, $8,309.44;
payments incident to issuing additional capital stock, $33,336; sundry uncollectible
charges and reduction in value of securities, $427,212.47 — total, $2,218,857.91, Balance,
»urplue June 30, 1902, $15,834,667.04.
POOR'S MANUAL NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 115
Oa. Interest on Funded Debt. — On 1st mtge. 7s of 1903, $1,282,890.61 ; on 1st mtge.
sterling 6s of 1903, $344,341.46 ; on debenture 5s of 1884-1904, $226,307.76 ; on debenture 5s of
1889-1904, $32,450 ; on gold debenture 4s of 1905, $207,624.80 ; on extended debt 4s of 1905.
$145 848.07 ; on gold mtge. 3Js of 1997, $1,409,350.86 ; on Lake Shore collateral 3Js of 1998,
$3,170,244; on Michigan Central collateral 31s of 1998, $676,775.58; on debenture 3Js of 1900-
2000, $192,500 — total, $7,688,333.14. The amounts outstanding, upon which this interest was
accrued, changed constantly, because of the operation of the refunding plan.
6b. Statement showing details of rental payments for the year ending June 30,
1902; also the amounts paid as taxes on capital stocks of the leased lines:
RAILROADS
Interest
on
Funded
Debt
DIVIDENDS
ON STOCIC
Sinking
Fund
Cash
Rental
Total
Rentals
State Tax
on
Capital
Stock
Rate
Amount
New York & Harlem RR
$
420,000.00
p. c.
10
8
7
iy*
$
1,000,000.00
79,120.00
19,250.00
19,500.00
$
$
$
1,420,000.00
79,120.00
19,250.00
223,000.00
2,000,000.00
68,000.00
$
23,333.33
1.978.00
481.25
15.00
Troy & Greenbush RR
Dunkirk, Allegh. Val. & Pitts. RR. . . .
West Shore RR. . .
203,000.00
2,000,000.00
68,000.00
538,274.67
500.00
Rome, Watertown & Ogdensb'g RR. . .
5
7
500,000.00
17,500.00
7.000.00
1,045,274.67
17,500.00
44,500.00
159,710.00
44,447.79
293,420.84
44,000.00
1500000
18,420.64
437.50
84.38
1,930.25
731.02
6.75
.75
7.50
9.75
495.00
30,035.00
20,125.00
1,987.50
4.613.25
509,169.58
9,819.64
24,047.12
4450000
Utica & Black River RR
78,000.00
44,447.79
293,420.84
44000.00
7
77,210.00
4,500.00
Garth., Watertown 4 Sack. Har. RR.
Mohawk 4 Malone RR
Carthage & Adirondack Ry
1500000
New York 4 Putnam RR
221,000.00
2030000
221,000.00
31,850.00
451,600.00
175,000.00
156,396.99
245,000.00
2.333,512.50
22,500.00
52,500.00
3,000.00
691.61
7.964.60
Wallkill Valley RR . .
3K
11,550.00
Beech Creek RR
225,000.00
4
226,600.00
Fall Brook Ry
175,000.00
46,375.00
35.000.00
2,010,000.00
Syracuse, Geneva 4 Corning Ry
Pine Creek Ry
60,443.87
21000000
49,578.12
Boston 4 .Albany RR
323 512 50
Pittsfield 4 North Adams RR
5
7
22,500.00
52,500.00
Ware River RR
North Brookfield RR
3,000.00
691.61
7,964.60
Chester 4 Becket RR
Providence, Webster & Spg' field RR.
Totals
4,808,899.67
2,025,730.00
49.578.12
2,290,031.21
9.174,239.00
647,728.21
Gc. Taxes Paid. — The taxes on capital stock of leased lines are paid by the lessee. In the
reports for years previous to 1900 they were treated as part of the rentals. In addition to the
amounts shown in the preceding statement, the following payments were made : On capital stock of
N. Y. C. & H. R. RR. Co., $221,982.73 ; on capital stock of New York Central Niagara River RR.
Co., $7.50 ; on capital stock of Buffalo Erie Basin RR. Co., $7.50 ; on capital stock of Tonawanda
Island Bridge Co., $1.50 ; on capital stock of Mahopac Falls RR. Co., $7.50 ; on capital stock of
Tivoli Hollow RR. Co., $1.50. Total amount of taxes on capital stocks, $869,736.44. Other taxes
were as follows: On bonds (Pine Creek Ry., $973.76; Beech Creek RR., $929.60),x$l,903.36 ; on
earnings, including those paid for leased lines, $108,448.02 ; on real estate, including those paid
for leased lines, $2,595,727.78 ; internal revenue tax, $68,647.98 — total, $3,644,463.58.
7. Statement of operations and income of the entire system east of Buffalo for two
fiscal years ending June 30:
1901
1902
1901
1902
Miles Road Operated
3.223.21
18,632,647
20,358,666
375,059
3,319.55
18.379,808
22,644,936
380.112
S
66,333.111
42,588,216
$
70,903,868
46,863,489
Passenger Train Mileage
Mixed Train Mileage
23,744,895
4,530,293
24,040,379
4,876,023
Total Revenue Train Mileage
Passengers Carried
39,366.372
40,114,356
1,145,721,536
$20,866,357
1.82 c.
36,430,826
6,606.890,325
$39,550.399
0.60 c.
41,404,856
42,884,158
1,360,212,117
$23,807,085
1.75 c.
35,599,689
6.407,594.086
$40,659,779
0.63 c.
28,275,188
20.533,005
5,750,000
28,916,402
20,899.684
5.961,411
Passenger Mileage
Dividends, 5 p.c
Aver. Rate per Pass, per Mile . .
Freight (tons) Moved .
26.283,005
1.992,183
20.579.86
13,212.98
7,366.88
64.20 p.c.
26.861.095
2,055.307
21,359.48
14,117.42
7,242.06
66.09 p e.
Groca Earnings per Mile
i Operating Exp. per Mile
Freight ton) Miles
Freight Earnings.
Aver. Rate per Ton per Mile
Expenses to Earnings.
IK;
I K > MANUAL OF RAILROADS — MIDDLE ATLANTIC (JKODP.
The freight statistics in the preceding table represent revenue tonnage. In addition
( Miiip.iny s fr.-i^'lit to the amount of 4,873,973 tons was moved 766,358. r> lit
mile- in : 'UnVr .Mnu- 'M, 1901, and similar freight to the amount of 5,093,790
iles in the year ending June 30, 1902. The total freight
truffle- amounted to 41,:«M.7!>» tons, equal to 7,373,248,844 tons moved one mile in the
year ending June -to. 1001. and 40,643,479 tons, equal to 7,251,468,766 tons one mile, in
the year ending .June :<n. 1902.
A table for the seven fiscal years 1895-1901, showing the operations and income of
all the system, except the Boston and Albany RR., is in the MANUAL for 1902, on page 120.
8. The following is a financial summary as of June 30, 1902, of the New York
(tut nil and Hudson River RR. Co. and its leased and operated lines. The amounts of
stock and bonds afloat represent the securities outstanding "in the hands of the public,"
the difference between them and the total issues being the amounts of stock and bonds
owned or held in trust by the New York Central and Hudson River RR. Co.:
NAME or ROAD
Road
Owned
CAPITAL STOCK
FUNDED DEBT
TOTAL
CAPITALIZATION
Cost of Road
and Equip-
ment
Total
Afloat
Total
Afloat
Total
Afloat
*New York Central Proper
Averages per Mile
Af.
810.25
S
131,912.900
162,805
5,665.000
4,500,000
25.00fl.00g
50.000
100.000
450,000
100.000
7.50,000
500,000
1,300,000
5,000.000
350,000
5,000,000
100,000
10,000,000
6,500,000
100,000
1,000.000
10,000,000
487,345
250,000
225,000
2,223.000
989,000
1,325,000
32.500
275,000
330.000
10,000,000
*
131,912.900
162,805
5,663,750
S
*78,363,510
96,715
5,500,000
3.500.000
7,485,000
50,000
•78.363,510
96,715
5,500,000
3,500,000
7.485.000
210,276,410
259,520
11,165,000
8,000,000
32,485.000
100,000
100,000
450,000
160,000
750,000
1,600,000
4,200,000
5.000,000
650,000
11,400,000
1,800,000
22,000,000
11,725,000
100,000
4,500,000
20.773,800
787,345
250,000
975,000
4,223,000
989,000
2,342,100
32.500
275,000
910,000
60,000,000
S
210,276,410
259,520
11,163,750
3,500,000
32,485.000
21,200
100.000
377,800
160,000
750,000
1,100.000
232,400
5,000.000
300,000
6,400.000
1,700,000
22.000,000
5,225,000
S
186,704,315
230,428
11,161,559
8,000,000
31.587,884
136,894
100,000
450,000
243,361
1 115.164
1,599,272
4,254.750
5,100.539
650,000
11,400.000
1,721,821
22,220.726
11,700.000
100.112
4,711,762
18,261,861
775,112
243,756
964,900
4,368,222
9S9.000
3,061,978
32.500
275,000
94<i,,S77
60,000,000
Ltatftl Railroads.
Beech Creek.
159.69
58.60
304.57
5.27
4.00
18.55
11.23
49.35
45.85
90.60
91.51
13.24
182.22
4.77
t!46.31
56.83
2.05
74.96
409.69
28.70
858
27:25
150.20
6.04
64.27
1.24
5,56
32.88
478.97
Beech Crock Extension . . .
Barton * Albany
Chester A Becket
North Brookfield.
25,000,000
21,200
100,000
377.800
160,000
750,000
Pittafield & N. Adams . .
Prov., WebsterASpgfld.
Ware River
Carthage & Adirondack. . .
Dunkirk. AUeg. Val. AFitt.
Fall Brook
Giou verneurAOawegatchie
Mohawk A Malonc.
1.100,000
2,900,000
' 300,666
6,400,000
1,700,000
12,000,000
5,225,000
1,100,000
232,400
5.000,000
'300,000
6.400,000
1,700,000
12,000,000
5,225,000
New Jersey Junction
New York A Harlem
New York A Putnam
Mahopac FaH«.
10,000,000
PineCreek
1,000
10.000,000
3,545
3,500000
10,773,800
300.000
3,500,000
10.773,800
300,000
3.501,000
20,773,800
303.545
Rome,Watertn A Ogdnsbg
Carth., Wat. A Sac Har.
Niagara Falls Branch . . .
Osvrego A Rome.
I'tiea A Black Rjver. ...
Spuyt Duyv. A Pt. Morris.
Syra., Geneva A Corning.. .
Tivoli Hollow
22,800
1,103,000
989,000
503,200
750,000
2,000,000
750,000
2,000,000
772,800
3,103.000
989.000
1,520,300
1,017,100
1,017,100
Troy A Grecnbush . . .
Wallkill Yal!ev. . . .
275,000
275,000
580.000
50,000,000
West Shore
50,000,000
50,000,666
Total leased Bc*fe . .
Average per Mile
2.533.04
92,661,845
36,582
1.000.000
MMfi
13,503
28,100
00,202,695
23,767
197,666
13.503
28.100
115,080,900
45,433
1,000,000
111,550,900
44.039
207,742,745
82,015
2,000,000
395.000
13,503
28,100
171,753,595
67,806
197,566
13,503
28,100
206,173,050
81.395
2,000.000
495,976
13,503
28.100
Operalfd Railroads
Terminal Rv. of Buffalo
Rttrfww A Ewtern
Buffalo Erie Basin
V V. Central Niagara R . .
ToUl Operated Road* ..
Averages per Mile.. .
11.02
13.46
0.25
2.81
27.54
1.436,603
52,240
239,103
8,005
1.000.000
36,363
2.436,603
88,603
239.103 2,537.579
8,695, 92.270
Or»nd Totals. . . .
^_
3.370.83
226,011,348
67,049
l!i:'.:Vi4.rfls
57.064
194.444.410
57.685
1VMM4.410
56.341
420,455,758
124.734
382,269,108
113,405
395.414.944
117.394
Average* per Mile
^°t?. ^ Include $109,914,846 collateral bonds, Issued In purchase of stock of the Lake
rtileran Southern Ry. Co. and the Michigan Central RR. Co., nor $5,500,000 debentures of
ney nave no bearing on the cost of this company's road or equipment.
icludpc 9.71 miles of street surface line, not operated by the New York Central & Hudson
Klver RR. Co.
POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 117
t>- Supplementary Income Account, 9 months ending March 31, 1903. — Gross
earnings, $57,602,664.55. Operating expenses, $39,453,706.44. Net earnings, $18,148,-
958.11; other income, $3,983,481.27— total, $22,132,439.38: First charges and sinking
funds, $15,562,845.15. Balance, $6,569,594.23.
10.
Cost of Road and Equipment $189,162,170 43
Proprietary Interests (see Sec. 12).. 115,136,029 77
Other Property (see Sec. 13) 17,256,427 71
Advances ( see Sec. 14) 9,306,910 4u
Securities Acquired from Lessor Cos. 3,039,713 00
Sink. Fund for Gold Deben. of 1850.. 1,807,636 93
Fuel and Supplies on Hand 4,646,192 91
Cash Charged Treasurer 14,736,767 65
Traftic Balances Receivable 4,153,16273
Sundry Collectible Accounts 6,472,71278
General Balance Sheet, June 30, 1902.
Capital Stock ($100 shares) $131,912,90000
Funded Debt Outstand. (see Sec. lOb) 193,778,355 D8
Bonds and Mortgages on Real Estate 157,000 00
Interest and Rentals Accrued 5,852,60886
Securities in Trust for Lessor Cos.. 3,039,713 00
Dividends and Interest Unclaimed. . 78,535 66
Dividend Payable Jjly 15, 1902 1,648,911 25
Wages and Supplies 5,061,91620
Traffic Balances Payable 2,089,06552
Sundry Accounts Payable 1,278,892 73
Advances by Lessor Companies 3,250,284 S6
Special Improvement Fund 1,734,87342
Prof, and Loss (Excess over Liabil.), 15,834,667 04
Total Liabilities $365,717.724 37
Total Assets $365,717,72437
lOa. Capital Stock. — At its meeting on Jan. 15, 1902, the board of directors voted to increase
the capital stock of the company from $115,000,000 to $150,000,000, to provide $35,000,000 addi-
tional capital for such corporate purposes as may be determined. This action was ratified at a
special meeting of the stockholders held on April 16, 1902. Of the additional capital stock so author-
ized, the stockholders of the company were given the privilege of subscribing for an amount equal
to 15 p. c. of their holdings, or 172,500 shares, at $125 per share, the new issue to participate in
the dividend payable out of the earnings of the June, 1902, quarter of the fiscal year. The stock-
holders availed themselves of this privilege to the extent of 169,129 shares, and paid into the
treasury the sum of $21,141,125, of which $16,912,900 was for the par value of the stock and was
the amount carried to the credit of capital stock account, and $4,228,225 was the premium of $25
per share, above par, which was carried to the credit of profit and loss. The capital stock outstand-
ing on June 30, 1902, was $131,912,900, leaving a balance of $18,087,100 authorized but not issued.
The amount outstanding included $4,900 of consolidation certificates not yet converted. Amount of
capital stock issued per mile of road owned, $162,805.18. Cost of road per mile owned, $173,774.25 ;
cost of equipment per mile of road owned, $56,653.79 — total cost per mile, $230,428.04.
At the New York office the treasurer transfers stock, pays dividends on stock issued in
America, transfers registered bonds, and pays interest on coupon and registered currency bonds.
The Union Trust Co. of New York registers stock issued in America. The London agents, J. S. Mor-
gan & Co., pay dividends on stock issued in England. The Union Bank registers stock issued In
England, and pays interest on sterling bonds. Dividends on stock registered in London are pay-
able in gold.
1O1>. Funded Del»t — The funded debt outstanding on June 30, 1902 — total, $193,778,355.98
as per general balance sheet — consisted of the 'several issues of bonds listed in the following state-
ment. Additional particulars respecting any issue will be found in the paragraph relating thereto
subjoined to the statement :
$18,327,000.00 1st 7s of Jan. 1, 1903, I Retired at
5,727,094.66 1st £ 6s of Jan. 1, 1903, I maturity.
4,526,000.00 Deben.. 5s of Sept. 1, 1904.
649,000.00 Deben. 5s of Sept. 1, 1904.
5,097,000.00 Gold Deben. 4s of June 1, 1905.
$3,MO,500.00 Ext. Debt gold 4s of May 1, 1905.
40,426,916.32 Gold Mtge. 3Js of July 1, 1997.
90,578,400.00 Lk. S. Coll. g. 3Js of Feb. 1, 1993.
19,336.445.00 Mich. Cen. Coll. g. Sis of Fefc. 1, 1998.
5,500,000.00 Deben. 3Js of July 1, 2000, int. J. & J.
Excluding the Lake Shore and Michigan Central collateral bonds and the debentures of 2,000,
the amount of bonds outstanding per mile of road owned, 810.25 miles, amounted to $96,715.22 on
June 30, 1902.
Debenture 5 p. c. Bonds. — Secured by the 3J p. c. gold bond mortgage of 1897, but must be
retired at maturity. The debentures of 1889 have a conversion privilege under which the holders
may receive stock at par, instead of cash, for the bonds at maturity, in the event of the company
replacing its 1st mtge. bonds with an issue of stock.
Debenture 4 p. c. Bonds. — Secured by the 3J p. c. gold bond mortgage of 1897, but must be re-
tired at maturity. Each certificate must be countersigned by the Union Trust Co. as registrar.
Extended Debt Certificates. — Originally dated Aug. 1, 1853, and fell due May 1, 1883, when
they were extended for ten years with interest at the rate of 5 p. c. per annum. On May 1, 1893,
they were extended to May 1, 1905, the rate of interest being reduced to 4 p. c., and both principal
and interest made payable in gold.
Gold Mortgage Bonds of 1897. — Secured on the entire property of the company, whether now
owned or hereafter acquired through issue of bonds secured by the same mortgage. The authorized
issue is $100,000,000, of which $15,000.000 cannot be issued before Jan. 1, 1904, and then at not
exceeding the cumulative rate of $1,000,000 yearly, for additions and betterments to the property.
The remaining $85,000,000 were authorized for the purpose of retiring $70,377,333.33 of outstand-
ing 1st mtge. bonds, extended dett certificates and debentures, at or before their maturity, $14,622,-
666.67 of such reserved bonds being intended to meet any premium necessary to retire the prior
Issues. The $40,426,916.32 bonds outstanding June 30, 1902, wore Issued as to $32,440.738.67 in
exchange for an equal amount of prior lien bonds, as to $4,986,177.65 as part of the $14,622,666.67
reserved for premiums, and the remaining $3,000,000 for construction and betterments. Since June
30, 1902, the amount outstanding has been increased to $66,000,000, the additional bonds having
been issued mainly for the retirement of the 1st mtge. bonds. Under the terms of the mortgage, the
MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
1st mice 7 P c bonds and the 1st mtge. 6 p. c. sterling bonds, when received by the trustee, were
stamped as not negotiable, and are held an additional security for the bonds Issued under this mort-
Kam. while extended debt certificates and all debenture certificates, when received by the trustee,
an cancelled and surrendered to the company. The mortgage requires that the outstanding old
bonds shall be paid an they mature, BO that after June 1. 1905, this mortgage will be the first lieu
upon the property of the New York Central and Hudson River RH. Co.
Lake Shore Collateral Gold Bonds. — Authorized for the purpose of acquiring the capital stock
of the Lake Shore and Michigan Southern Ry. Co., under the terms stated in the MANUAL for 1898.
pagM 667 *nd 568. The bonds outstanding are secured by deposit in trust of the shares against
which they were Issued. Coupon bonds are dated Feb. 1, 1898, while registered bonds are dated as
of the several dates of their Issue. The bonds are a direct obligation of the New York Central and
Hudson River RR. Co., and it is provided that the company shall not hereafter make any mortgage
upon Its railroad or upon any substantial part thereof, without including therein the bonds of
this Issue.
Michigan Central Collateral Gold Bond*. — Authorized for the purpose of acquiring the capital
stock of the Michigan Central RR. Co., and are similar in all respects to the Lake Shore bonds (see
preceding paragraph), except that the coupon bonds are dated April 13, 1898. (See MANUAL for
1898. pages 567 and 568.)
Debenture 3} p. c. Bonds of 1900. — Issued In payment for property of the Boston and Albany
RR. Co. not conveyed In the lease of July 1, 1900.
11. Bond* and Interest Guaranteed. — The New York Central and Hudson River RR.
Co. guarantees the bonds of most of Its leased lines, both as to principal and interest, and under the
terms of the leases guarantees the interest on the rest of the leased line bonds. The following is a
detailed statement of the company's guaranties :
Btt t h Creek RR. : 15.000,000 1st 4s of July 1. 1936,
and 1500,000 2d 5s of July 1. 1936. both Issues en-
dorsed guaranteed by the N. Y. C. & H. R. RR.
Co both as to principal and interest.
Bi-tch Cretk Extension RR. : $3,500,000 1st gold
Sis of April 1. 1951. endorsed guaranteed by the
N. Y. C. A H. R. RR. Co., both as to principal
und interest.
Boston and Albany RR. : $3,627,000 4s of Oct. 1,
1913, and $3.858,000 3|s of April 1. 1952, both guar-
anteed, principal and interest, by the N. Y. C. &
H. H. RR. Co., as surety under the lease.
Carthage and Adirondack R}/. : $1,100,000 1st gold
4s of Dec. I, 1981, endorsed guaranteed by the
.V. Y. C. & H. R. RR. Co., both as to principal
and interest.
Dunkirk, Allegheny Valley and Pittsburg KB. :
J2.000.000 1st 7s matured June 1. 1900; $700,000
2d 7s matured Oct. 1, 1900; and $200.000 3d 7s
matured Oct. 1, 1900. Interest payable by N. Y.
C. t H. R. RR. Co., under terms of the lease.
Gouwerneur and Oswegatc.hie RR. : $300,000 1st
gold 5s of June 1, 1942, endorsed guaranteed by
the N. Y. C. & H. R. RR. Co., both as to prin-
cipal an1 interest.
Mohawk and Malone Ry. : $2,500,000 1st gold 4s
of Sept , 1991, and $3,900.000 consol. gold 3Js of
March 1, 2002, issued in place of an equal amount
of 2d income 5s of Sept. 1, 1992. Both the 1st
mtge. and consol. mtge. bonds are guaranteed,
principal and interest, by the N. Y. C. & H. R.
RR. Co., by endorsement.
Ifew Jersey Junction RR.: $1.700,000 1st 4s of
Feb. 1, 1986, guaranteed by the N. Y. C. & H. R.
RR. Co.. both as to principal and Interest.
Vein York and Harlem RR. : $12,000.000 1st gold
3|s of May 1. 2000. Interest payable by the N. Y.
C. A H. R. RR. Co.. under the terms of the lease.
Nt-j: York and Putnam RR. : $1 200,000 New-
York and Northern Ry. 1st gold 5s of Oct. 1. 1927,
and $4,025,000 N. Y. & P. RR. 1st consol. gold 4s
of Oct. 1, 1993, the latter being endorsed guaran-
teed by the N. Y. C. & H. R. RR. Co., both as to
principal and interest. The New York and
Northern bonds are a prior lien on the property.
Interest on them is payable by the N. Y. C. & H.
R. RR. Co., under the terms of the lease.
Pi, ic Creek Ry. : $3.500,000 1st 6s of Dec. 1. 1932,
endorsed guaranteed Jointly nnd severally by the
N. Y. C. & H. R. RR. Co. and the Philadelphia
and Reading Ry. Co.
Kowc, Watcrtown and Ogdensburg RR. : $10,-
773,800 of bonds, the details of which are given in
the appended statement for the R., W. & O. RR.
These bonds were assumed by the N. Y. C. & H.
R. RR. Co., under the terms of the lease.
Carthage, Watertown and Socket's Harbor
KR. : $300,000 consol. {cold 5s of July 1, 1931, en-
dorsed guaranteed by the N. Y. C. & H. R. RR.
Co., both as to principal and interest.
Osivego and Rome RR. : $350,000 1st 7s of May 1,
1915, and $400,000 2d gold 5s of May 1. 1915. In-
terest on both issues is payable by the N. Y. C.
& H R. RR. Co., under the terms of the lease
of the Rome, Watertown and Ogdensburg RR.
Utica and Black River RR. : $1.950,000 1st gold
4s of July 1, 1922, endorsed guaranteed, principal
and interest, by the Rome, Watertown and os;-
densburg RR. Co., whose liability is assumed by
the N. Y. C. & H. R. RR. Co., under the terms of
the lease.
Syracuse, Oene.va and Corning Ry. : $464,600 1st
7s of Nor. 15, 1905. and $600.000 2d 5s of March 1,
im The N. Y. C. & H. R. RR. Co. pays the
Interest and sinking fund charges under the
terms of the lease.
Wallkill Valley RR.: $250,000 1st 34s of Aug. 1,
1917, and $330.000 2d 3is of Aug. 1, 1917. Interest
Is payable by the N. Y. C. & H. R. RR. Co. under
the terms of the lease.
West Zhore RR.: $50,000,000 1st 4s of Jan. 1,
2361. endorsed guaranteed by the N. Y. C. & H..
R. RR. Co., both as to principal and Interest.
12. Proprietary Interest*. — This item represents the company's ownership of stock of
other railroad companies, as follows : Lake Shore and Michigan Southern Ry., $90,578,400 ; Michi-
gan Central RR., $19,336,445 ; Chesapeake and Ohio Ry., $1.638,454.79 ; Pittsburgh and Eastern
RR.. $150,000; Dunkirk. Allegheny Valley and Pittsburg RR.. $156,912.38; Syracuse, Geneva
and Corning Ry.. $802,875 ; Carthage, Watertown and Sackets Harbor RR., $483,800 ; New Jersey
Junction RR., $100,000; New York, New Haven and Hartford RR., $1,050,000; sundry other rail-
roads, $839,142.60 — total, $115,136,029.77.
18. <>M iK-f.li ip of Other Property. — Real estate not used in the operation of the road,
$3.081,069.11; Hudson River bridges at Albany. $2,256,363.36; bonds of sundry railroad com-
panies, $3,344,695.24 ; stock in other than railroad companies, $8,574,300 — total, $17,256,427.71.
14. Advances for Le«*or and Other CompanleM. — New York and Harlem RR. (Mor-
rlsanla Improvements and other construction, in excess of reimbursement by lessor, $1,296,765.89 ;
elevation of tracks and new bridge over Harlem River, $3,139,420.23 ; Grand Central Station en-
largement, $1.350,449.94; Grand Central Terminal improvements, $44,280.68), $5,830,916.74;
Dunkirk. Allegheny Valley and Pittsburg RR., $205.827.73; Beech Creek RR., $729,780.85;
Rome Watertown and Ogdensburg RR., $89.699 ; New York and Putnam RR., $293.669.95 ; Boston
and Albany RR., $980,386.31; other companies, $1,176,629.88 — total, $9,306,910 46
POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 119
15. Statement showing the mileage owned, the equipment in use and the general
balances of the company at the close of each fiscal year from 1896 to 1902:
1896
1897
1898
1899
1900
1901
1902
Miles of Road Owned
81945
81945
819.45
819.45
819.45
819.45
810.25
11 ilss of Track Owned
281931
2,830.73
2,836.52
2,834.25
2.852.40
2,771.bl
2,770.07
Locomotives
1 173
1.181
1,188
1,255
1,303
1,602
1,729
Passenger Train Cars
1,463
1,449
1,449
1,573
1,620%
2.058
2,104
Freight Train Cars
42,919
41,436
42,485
50,897
59.059
61,966
61,855
Tugs and Propellers
20
20
20
20
23
23
25
Barges and Floats .
115
115
116
122
156
164
162
Ferryboats
6
7
7
7
7
7
7
Capital Stock
$
100000000
$
100000000
1
100000000
S
100000,000
115,000,000
S
115,000,000
$
131,912,900
Funded Debt
70 377 333
70 377 333
181,490988
185,212,631
185,751,021
193,772,941
193,778,356
Real Estate Mortgages
57000
7000
7,000
7,000
7,000
157,000
157.000
Securities in Trust
2 914 150
2914,150
2,914,150
2,914,150
2,914,150
3,039,713
3,039,713
Special Improvement Fund
2,000,000
1,821,709
1,734,873
Other Liabilities
9476664
10 018 417
11,111,340
13,210,699
23,123,850
17,233,227
19,260,215
Profit and Loss
11 881 481
11465000
9 424 173
10 797 498
11,754,889
11 769,993
15.834,667
Total Liabilities
194 706 628
194 781 900
304 947 651
312 141 978
340,550,910
342,794,583
365,717,724
Permanent Property.
163 356 862
164611 166
164 886 637
165 679 754
180 258 812
184,447,913
189,162,170
Proprietary Interests I
J 1 458 622
108 944 862
110690270
120 185 407
114,724,030
115,136,030
Other Investments f
17,103.196
( 16 083 962
17 009 671
18 656 570
18,866 645
20,642,042
26,503,338
lesser Co.'s Securities
2,914,150
2,914,150
2,914,150
2,914,150
2,914,150
3,039,713
3,039,718
Fuel and Supplies
2345900
2 362 891
2 327 972
1,688,089
3,900,154
4,083,307
4,646,193
('ash and Other Assets
8,986,520
7351 109
8 864,359
12,513,145
14,365,742
15,859,378
27,170,280
Total Assets
194 706 628
194 781 900
304 947 651
312 141 978
340 550 910
342 794,583
365,717,724
>. STOCKS AND BONDS OF OTHER COMPANIES OWNED OR HELD IN TRUST BY THE N. Y. C.
& H. R. RR. Co. ON JUNE 30, 1902.
STOCKS (total, $110,735,463.00).
American Express Co '. 53,000,00000
Beech Creek Coal & Coke Co 500,00000
Beech Creek Extension RR. Co 4,500,000 00
Beech Creek RR. Co 1,250 00
Buffalo Crosstown Ry. Co 80,00000
Buffalo, Thous. Isl. & Portland Ry. Co. 250,000 00
Carthage & Adirondack Ry. Co 500,000 00
Carth., Watert'n & Sackets H. RR. Co. 483,800 00
Central Dock & Terminal Ry. Co 135,400 CO
Chesapeake & Ohio Ry. Co 5,000,00000
Chest Creek RR. Co 20,00000
Chester & Becket RR 28,80000
deal-field Bituminous Coal Corp 825,00000
Dunkirk, Allegh. Vy. & Pitts. RR. Co. 1,067,600 00
Gouverneur & Oswegatchie RR. Co 350,000 00
Hudson River Bridge Co 500,00000
Jersey City & Bayonne RR. Co • 13,500 00
Lake Shore & Mich. So. Ry. Co 45,289,20000
Mahopac Falls RR. Co 100,000 00
Merchants' Despatch Transp. Co 2.597,400 00
Michigan Central RR. Co 16,814,30000
Mohawk & Malone Ry. Co 5,000,000 00
Morris Run Coal Mining Co 56,20000
New Jersey Junction RR. Co.
New Jersey Shore Line RR. Co.
New York & Putnam RR. Co.
New York, New Haven & H. RR. Co..
N. Y., Ontario & West. Ry. Co., pref.
Niagara Falls Branch RR
100,000 00
31,000 00
6,500,000 00
500.000 00
1,000 00
250,000 00
Oswego Agricultural Fair Asso
$500 00
Oswego & Rome RR. Co 202,200 00
Pennsylvania & West. RR. Co 100,00000
Pine Creek Ry. Co 999,000 00
Pittsburg & Eastern RR. Co 197,50000
Pittsfleld & North Adams RR. Co.... 72,20000
Queenston Susp. Bridge Co. (£25 each) 40,000 00
St. Line & S. Pt. RR. Co. (10 p. c. pd.) 1,850 00
Syracuse, Geneva & Corning Ry. Co.. 821,800 00
Terminal Ry. of Buffalo 500.00000
Tivoli Hollow RR. Co 32,50000
Tonawanda Island Bridge Co 50,00000
Toronto, Hamilton & Buffalo Ry. Co. . 650,000 00
Troy Union RR. Co 15,00000
Utica & Black River RR. Co 1,120,00000
Wallkill Valley RR. Co 330,000 00
West Branch Coal Co 105,00000
Western Transit Co 1,000,000 00
West Shore & Ont. Terminal Co 2,900 00
West Shore RR.
Windsor Co.
Co 10,000,000 00
563 00
BONDS (total, $4,056,500.00).
Chester & Becket RR. Co 50,00000
Dunkirk, Warren & Pittsburg Ry. Co. . 1,600,000 00
Rome City Street Ry. Co 26,50000
Terminal Ry. of B iffalo 500,000 00
WallRill Valley RR. Co. 1st mtge 250,000 00
Wallkill Valley RR. Co. 2d mtge 330,000 00
Warren & Venango RR. Co 1,300.00000
17. Dividends and Interest Received and Accrued, year ending June 30, 1902. —
Dividends: American Exp. Co. (8 p. c.), $240,000; Beech Creek RR. (4 p. c.), $50; Carthage,
Watertown and Sackets Harbor RR. (5 p. c.), $24,190; Central Dock and Terminal Ry. (3J p. c.),
$5,077.50; Chesapeake and Ohio Ry. (1 p. c.), $50,000; Dunkirk, Allegheny Valley and Pittsburg
RR., $9,750; Lake Shore and Michigan Southern Ry. (7 p. c. on varying amounts), $3,170,244;
Merchants' Despatch Transportation Co. (6 p. c.), $155,844; Michigan Central RR. (4 p. c. on
varying amounts), $672,572; Mohawk & Malone Ry. (4 p. c.), $40,833.34; Morris Run Coal
Mining Co. (6 p. c.), $3,372 ; New York, New Haven and Hartford RR. (8 p. c.), $40,000 ; Niagara
Falls Branch RR. (7 p. c.), $17,500; Pine Creek Ry. (3J p. c.), $34,965; Pittsburg and Eastern
RR. (3J p. c.), $10,368.76; Pittsfleld and North Adams RR. (5 p. c.), $3,610; Syracuse, Geneva
and Corning Ry. (3J p. c.), $28,763 — total, $4,507,139.60. Interest: Dunkirk, Warren and Pitts-
burg Ry. (7 p. c. on varying amounts), $112,000; Terminal Ry. of Buffalo (4 p. c.). $20,000;
Warren and Venango RR. (7 p. c. on varying amounts), $91,000 — total, $223,000. In addition to
the foregoing, dividends of 3i p. c. on the stock and interest of 3J p. c. each on the 1st and 2d mtge.
bonds of the Wallkill Valley RR. were credited to the West Shore RR. construction account.
>0 IMHIK'S MANTAK Ok' RAILROADS— MIDDLE ATLANTIC GROUP.
18. RAILROADS LEASED BT THE New YOBK CENTRAL AND HUDSON RIVER RR. Co.
HI i < ii « KI:I:K nil — Jersey Shore to
:foy JiMir.. PH., 111!.:K' m. ; branches to mines.
nu; id track. 3.62 in.; total
-.7 lt>-. i. I'll. 71 :
msroitv. — Reorganisation. June 29, lS.su. of
! leech Cr«ek. Clearfield and Soutbwi
Manual for 1S86, page 323. and
Manual for 1899. page 156.) Leased to the N V.
C. 6 11. H. UK. I'o. for 999 years from Oft. 1,
1&90. but operated independently until July 1.
ItStt. Rental. Interest on bonds and dividends of
4 p. c. per annum on the capital stock.
BALANCE SHEET. June 30, 1902. — Capital
stock (ISO shares). $5.665,000; funded debt, $5.-
500.000 — total. 111. 165.000. Contra: Cost of road
luiprmut. $11.161.559: N. Y. C. & H. R. RR.
Co., $3.441 — total, $11.165.000.
CAPITAL STOCK INCREASED. — Since June
30. 1902, the capital stock outstanding has been
increased to $6.000,000, the additional shares being
Issued for betterment?, etc.
I't NOED DEBT. June 30. 1902, consisted of
$6.<X»0,OOU m Is of July 1. 1936: and $500,000 ($1,-
COO.OOO auth.). 2d 5s of July 1, 19S6.
CORPORATE OFFICERS. — M. E. Olmsted,
Pr*s.. Harrlsburg, Pa. : W. H. Newman. Vice-
Pres. ; W. S. Crane. Sec. ; E. V. W. Rossiter.
Treas.. New York, N. Y. OfBfe, Jersey Shore, Pa.
BKK< II • KKKK EXTENSION RR. — Keat-
ing to Clearfied, Pa., 52.08 m. ; branches, 6.54 m.
— total, 58.62 m. ; 2d track, 1.22 m. ; tetal track
(steel). 75.06 miles.
HISTORY. — Consolidation, March 26. 1901, of
the Susquehanna and Clearfied RR. Co., Can»e
Creek RR. Co., and West Branch Valley RR. Co.
(see Manual for 1902, page 127.). The property
is leased to the New York Central and Hudson
River RR. Co. for 999 years from May 22, 1901,
the consideration being the guaranty by the les-
see of not exceeding $4,500,000 of 3J p. c. bonds.
Trackage rights have been obtained from the
Philadelphia and Erie RR. Co., from Keating to
McEihattan and Youngdale, about 50 miles, in
order to reach the yards and terminals of the
lessee at Jersey Shore. The road was put in
operation July 1, 1902, and the results from its
operation are included in the accounts of the
lessee.
FINANCIAL STATEMENT. — Capital stock
($50 shares), $4,500,000; funded debt, $3,500,000 —
total, representing cost of road, $8,000,000. The
funded debt consists of ($4,500.000 auth.), 1st gold
37s of April 1, 1951, endorsed guaranteed, prin-
cipal and interest, by the N. Y. C. & H. R. RR.
Co. The capital stock is owned by the same
company.
CORPORATE OFFICERS. — M. E. Olmsted,
Pres., Harrisburg, Pa. ; W. H. Newman, Vlce-
Pres. : E. V. W. Rossiter, Sec. & Treas.. New
York, N. Y. Corporate Office, Philadelphia, Pa.
BOSTON AND ALBANY RR Boston,
Mass., to Albany, N. Y., 200.39 m. ; Springfield to
Athol, Mass., 45.26 m. ; Cottage Farm to East
Boston, Mass.. 9.45 m. ; Riverside to Newton
Lower Falls, Mass., 1.09 m. ; Beacon Street, Bos-
ton, to Riverside June., Mass., 9.89 m. ; Natick to
Saxonville, Mass., 3.7 m. ; South Framingham to
Milford, Mass., 12 m. ; Mlllbury June, to Millbury,
Mass., 3.28 m. ; South Spencer Station to Spencer,
Mass., 218 m. ; Chatham to Hudson, N. Y., 17.33
m. — total, 304.57 m. ; 2d track, 216.39 m. ; 3d and
4th tracks, 33.64 m. ; sidings, 282.81 miles. Rail
(steel, 557.12 m.), 65 to 95 Ibs.
HISTORY. — Consolidation, Dec. 28, 1870. of the
Boston and Worcester RR. Co., Western RR. Co.,
Albany and West Stockbridge RR. Co. and Hud-
son and Boston RR. Co. (see Manual for 1885,
page 43). The Grand Junction RR. was pur-
chased in 1806, the Springfield and Northeastern
RR. on July 8, 1SSO, and the Spencer RR. on April
29, 1889. The property is leased to the New York
Central and Hudson River RR. Co. for 99 years,
from July 1, 1900, the lessee agreeing to pay a
cash rental of $2,000,000 a year (equivalent to 8
p. c. on the capital stock), in addition to interest
on the bonds, rentals of leased lines, taxes and
organization expenses. The last item is to be
$10,000 a yc-sr for the first ten years, and there-
after such less sum as Is reasonable and proper
therefor. This company leased the North Brook-
field RR.. Plttsfleld and North Adams RR. and
Ware River RR., on the terms outlined in the
statements for those road* appended hereto, and
operated thf Chester and Bucket RR. and tho
Providence. Webster and Sprinpfleld RR. under
contract other than lease. The liabilities of the
company under the leases and under the operat-
ing contracts have been assumed by the New
York Central and Hudson River RR. Co. For
certain propprty not Included in the lease (see
Manual for 1901, page 131) the company re-
ceived $5,&f>0.nOO In 3J p. c. 100-yr. gold debenture
bonds of the New York Central and Hudson River
RR. Co.
General Balance Sheet, June 30, 1902.
Capital Stock $25,000,00000
Funded Debt 7,485,00000
Dividends and Interest Unpaid 70,38675
Organization Expenses 3,75862
Dividend Fund 5,500,000 00
Ware River Railroad Sinking Fund. . 183.868 62
Profit and Loss 1,543.86770
Total Liabilities $39,786,881 69
Cost of Road $28,015,484 61
Cost of Equipment 3.572,400 00
Cash 74,14537
Due from N. Y. C. & II. R. RR. Co. . 2.440 ,f'83 09
Trustees Ware River Sinking Fund.. 183,868 62
N. Y. C. & H. R. RR. Co. 3J p. c.
Debenture Bonds 5,500,00000
Total Assets $39,786,881 69
The authorized capital stock is $30, 000,000 in $100
shares. Funded debt. June 30, 1902, consisted of
$3,627,000 ($5,000,000 auth.) 4s of Oct. 1, 1913, and
$3,858.000 3js of April 1, 1952. The N. Y. C. & H.
R. RR. Co. guarantees the bonds both as to prin-
cipal and interest, as surety under the lease. In-
terest and dividends, Including dividends paid as
rental for the Pittsfield and North Adams and the
Ware River RRs., are payable at the office of the
company in Boston.
DIRECTORS, B. *. A. RR. Co. — Wm. Bliss,
Walter H. Barnes, Reginald Foster, Albert C.
Houphton, Boston, Mass. ; Augustus G. Bullock.
Edward L. Davis, Stephen Salisbury, Worcester,
Mass. ; Eenas Crane, Dalton. Mass. ; Eben S.
Draper, Hopedale, Mass. ; Edward D. Hayden,
Woburn, Mass. ; Samuel Hoar, Concord, Mass. ;
James A. Rumrlll, Springfield, Mass. ; Charles S.
Sargent, Brookllne, Mass. Officers : Wm. Bliss,
Pres. ; Edward D. Hayden. Vice-Pres., Sec. &
Clerk; Frank H. Ratcliffe, Treas., Boston, Mass.
Office, South Terminal Station, Boston, Mass.
18». RAILROADS LEASED OR OPERATED BY THE BOSTON AND ALBANY RR. C».
rh««ter and Meeket RR Chester to
Pocket. Mass.. 5.27 m : totnl track. 7.0X miles.
Chartered July 24. 1S96 : opened In Nov., 1897.
Operated under contract by the B. & A. RR. Co.
Balance sheet, June 30, 1902. — Capital stock
($100 shares), $50,000; funded debt (1st 5s of
July 1. 1917), $50,000; unfunded debt. $55.290—
total, $155,290. Contra: Cost of road, $136,894;
POOR'S MANUAL NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 121
cash, $236; profit and loss, $18,160 — total, $155,-
299.
J. A. Rumrill, Pres. ; F. H. Ratcliffe, Treas. A
Clerk, Boston, Mass. Office, Boston, Mass.
North Brookfleld RR. — East Brookfleld to
North Brookfield, 4 m.< total track, 5.37 miles.
Chartered In March, 1875 ; road opened Jan. 1,
1876. Leased Feb. 6, 1885, for 50 years, at an
annual rental of $3,000, being 3 p. c. on the capital
stock. Capital stock, representing cost of road,
etc., $100,000.
Sumner Holmes, Pres. ; S. A. Clark, Vice-Pres. ;
Chas. E. Batcheller, Treas. ; G. R. Hamant, Sec.,
North Brookfteld, Mass. Office, North Brookfield,
Mass.
Plttsfleld and North Adams RR. — Pitts-
neld to North Adams, 18.55 m. ; total track, 25.95
miles. Rail (steel, 25.95 m.), 65 and 72 Ibs.
Chartered March 18, 1845 ; road opened Dec. 1,
1846. Leased for 99 years from Dec. 1, 1876, at 5
p. c. on cost. Dividends (J. & J.) of 2J p. c.
each. Capital Stock, representing cost of prop-
erty, $450,000.
J. A. Rumrill, Pres. ; F. H. Ratcliffe, Clerk &
Treas., Boston, Mass. Office, Boston, Mass.
Providence, Webster and Sprlngfleld
RR. — Webster to Auburn (Boston & A. RR.),
18b. Railroads Leased by N. Y.
CARTHAGE AND ADIRONDACK RY
Carthago to Newton Falls, N. Y., 45.85 m. ; total
traqk (steel; 60 Ibs.), 57.47 miles.
HISTORY. — Chartered March 28, 1883 ; opened
throughout Aug. 22, 1889. Leased in perpetuity,
from May 1, 1S93, to the N. Y. C. & H. R. RR. Co.
( See Manual for 1899, page 153.')
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $500,000; funded debt (1st 4s
of Dec. 1, 1981; $1,600,000 auth.), $1,100,000; profit
and loss. $21,785 — total, $1,624,785. Contra: Cost
of road, elc., $1,599,273; current accounts, $25,512
— total, $1,624,785.
The N. Y. C. & H. R. RR. Co. owns the entire
capital stock. The bonds are guaranteed, both
as to principal and interest, by the N. Y. C. &
H. R. RR. Co.
CORPORATE OFFICERS. — W. H. Newman,
Pres. ; E. V. W. Rossiter, Vice-Pres. & Sec. ; W.
S. Crane, Treas., New York, N. Y. Office, Grand
Central Station, New York, N. Y.
PALI, BROOK RY. — Corning, N. Y., to
Antrim, Pa., 51.66 m. ; Cowanesque Valley June,
to riysses, Pa., 39.85 m. — total, 91.51 m. ; 2d track,
2.12 m. ; total track (steel; 76 Ibs.), 143.62 miles.
HISTORY. — Organized July 1, 1892, as suc-
cessor (by change of name) to the Corning,
Cowanesque and Antrim Ry. Co. (See Manual
for 1892, page 186.) Leased to the N. Y. C. & H.
R. RR. Co., for 999 years from May 1, 1899, at a
rental of $175,000 a year, payable in gold in quar-
terly installments, beginning Aug. 1, 1899.
BALANCE • SHEET, June 30, 1902. — Capital
stock ($500,000 preferred, $4,500,000 common; $50
shares), $5,000,000; profit and loss, $954,157 —
total, $5,954,157. Contra : Cost of road and equip-
ment, $5,100,539 ; sundry accounts, $35,082 ; items
conveyed to lessee, $818.536 — total, $5,954,157.
CORPORATE OFFICERS. — John Magee, Pres. ;
Daniel Beach, 1st Vice-Pros., Watkins, N. Y. ;
J. H. Lang, 2d Vice-Pres. & Treas., Corning, N.
Y. ; D. S. Ellsworth, Sec., Watkins, N. Y. Office,
Corning, N. Y.
GOUVERNEUR AND OSWEGATCHIE
RR. — Gouverneur to Edwards, N. Y., 13.24 m. ;
total track (steel; 70 Ibs.), 16.61 miles.
HISTORY. — Chartered April 13, 1892; opened
July 18, 1893. Leased in perpetuity, July 8, 1892,
to the N. Y. C. & H. R. RR. Co.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $350,000; funded debt (1st 5s
of June 1, 1942), $300,000 — total, representing
cost of property, $650,000.
The N. Y. C. & H. R. RR. Co. owns the entire
capital stock and guarantees the bonds.
Mass., 11.23 m. ; total track (steel; 56 Ibs.), 14.48
miles.
Chartered March 23, 1882 ; road opened in June,
1884. Leased to the B. & A. RR. Co. for 10 years
from May 1, 1897.
Income, year ending June 30, 1902, $7,911. Ex-
penses and taxes, $4,813. Net income, $3,098.
Balance Sheet, June 30, 1902. — Capital stock,
$160,000 ; unfunded debt, $69,325 ; profit and loss,
$15,757 — total, $245,082. Contra : Cost of road,
$243,301 ; other assets, $1,721 — total, $245,082.
Chas. G. Washburn, Pres. ; Frank B. Smith,
Treas., 314 Main St., Worcester, Mass. ; Charles
Gerber, Clerk, Webster, Mass. Office, Webster,
Mass.
"Ware River RR — Palmer to Winchendon,
Mass., 49.35 m. ; total track, 56.37 miles. Rail
(steel, 53.45 m.), 65 to 72 Ibs.
Chartered April 21, 1873 ; road opened Jan. 5,
1874. Leased for 999 years from Jan. 5, 1874, at an
annual rental of 7 p. c. on capital stock.
Balance Sheet, June 30, 1902. — Capital stock
(auth., $1,000.000), $750,000; unfunded debt, $365,-
164 — total, representing cost of property, $1,115,-
164.
J. A. Rumrill, Pres. ; F. H. Ratcliffe, Treas. ;
E. W. Long, Clerk, Boston, Mass. Office, Boston,
Mass.
C. & H. R. RR. Co. — Continued.
CORPORATE OFFICERS. — W. H. Newman,
Pres. ; E. V. W. Rossiter, Vice-Pres. & Sec. ;
W. S. Crane, Treas., New York, N. Y. Office,
Grand Central Station, Now York, N. Y.
MOHAWK AND MALONE RY Herkimer
to Malone, N. Y., 173.33 m. ; Prospect Junction to
Hinckley, N. Y., 2.9(5 m. ; Lake Clear Junction to
Saranac Lake, N. Y., 5.93 m. — total, 182.22 m. ;
total track (steel ; 60 and 75 Ibs.), 232.99 miles.
HISTORY. — Consolidation, June 22, 1892, of tho
Herkimer, Newport and Poland Extension and
the St. Lawrence and Adirondack RR. Cos. Com-
pleted throughout in Nov., 1892. Leased in per-
petuity, April 20, 1893, to the N. Y. C. & H. R.
RR. Co. That lease was terminated on April 16,
1902, and a new one made, to run during the
corporate existence of the company and any ex-
tensions thereof, at a rental of the interest on the
bonds, dividends at the rate of 4 p. c. a year on
the capital slock and the expense of maintaining
the organization.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $5,000,000; funded debt ($2,-
500,000 1st 4s of Sept. 1, 1991; and $3,900,000 in-
come 5s of Sept. 1, 1992), $6,400,000 — total, repre-
senting cost of road, etc., $11,400,000.
The N. Y. C. & H. R. RR. Co. owns the entire
capital stock and guarantees the 1st mtge. bonds,
both as to principal and interest. In connection
with the new lease a mortgage has been executed
in favor of the Guaranty Trust Co. of New York,
as trustee, to secure an issue of $10,000,000 consol.
mtge. gold bonds, $3,900,000 of which, bearing in-
terest at the rate of 3* p. c. per annum, have
been Issued in place of the income bonds, $2,500.-
000 additional are reserved for the retirement of
the 1st mtge. bonds, and the remaining $3,600,000
are to be issued from time to time for additions
and betterments. The new bonds are guaranteed,
both principal and interest, by the N. Y. C. & H.
R. RR. Co., the guaranty being endorsed on each
bond.
CORPORATE OFFICERS. — W. H. Newman,
Pres.; W. Seward Webb, Vice-Pres.; E. V. W.
Rossiter, Treas. & Sec., New York, N. Y. Office,
Albany, N. Y.
NEW JERSEY' JUNCTION RR. — Wee-
liawken to Jersey City, N. J., 4.43 m. ; Harsimu.s
Branch, 0.34 m. ; 2d track, 4.33 m. ; 3d track, 2.8
m. ; 4th track, 2.04 m. ; total track, 16.80 miles.
HISTORY. — Organized in New York, Feb. 27,
18S6, to provide connections and facilities for in-
terchange of traffic between the several railway
systems terminating at Jersey City, Hoboken,
and Weehawken. The company has completed a
122
POOR'S MANUAL OP RAILROADS MIDDLE ATLANTIC GROUP.
line starting from the West Shore RR. on the
north, and extending southerly to the D., L. A
w . tne Erie, and the Penn. RRs. A portion of
Its track Is used by the Erie RR. Co. under con-
tract Leased for 100 years from July 1, 1886, to
the N. Y C. & II. R. RR. Co.
BALANCE SHEET, June 30. 1902. — Capital
stork ($100 shares). 1100,000 ($4,000.000 auth.),
funded debt (1st 4s of Feb. 1, 1986), $1.700.000;
bonds and mortgages, $1,900 ; current liabilities.
$10.039 — total, $1,811,939. Contra: Cost of road,
$1,721A21 ; advances, $63,358 ; cash assets, $26,760
— total. $1,811,939.
The N. Y. C. ft H. R. RR. Co. owns the capital
stock, and guarantees the bonds, both as to prin-
cipal and interest. Amount of bonds authorized,
$4,000,000 ; the balance m»y be Issued only with
the consent of the lessee.
CORPORATE OFFICERS. — W. H. Newman.
Pres. ; .1. D. Layng, Vlce-Pres. ; E. V. W. Ros-
slter, Sec. ft Treas., New York, N. Y. Office,
Grand Central Station, New York. N. Y.
NEW YORK AND HARLEM RH New
York to Chatham, N. Y.. 127.45 m. ; branches,
9.15 m. ; 2d track. 36.63 m. : 3d track, 12.40 m. ; 4th
track, 12.17 m. ; total track (steel ; 60 to 100 IDS.).
261.70 miles.
HISTORY. — Chartered April 25. 1831, and cor-
porate existence extended Dec. 28. 1874. for 500
years from April 16, 1889. Road opened May 10,
1852. Leased April 1, 1873, for 401 years, to the
N. Y. C. A H. R. RR. Co., at a rental equivalent
to 8 p. c. on stock (Jan. and July) and Interest
on bonds. The bonds, originally 7s, matured
May 1, 1900, and were extended for 100 years, the
rate of interest being reduced to 3i p. c. per an-
num. Of the $420.000 saved yearly under this
arrangement this company receives $200.000 anrt
the lessee $220.000. This company owns the
Fourth Avenue (street) Ry. in the city of New
York (see General Index), aggregating 9.71 m.
of double track, which is leased for 999 years
from July 1. 1896. to the Metropolitan Street Ry.
Co., at a rental of $400.000 a year.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $10.000,000; funded debt (gold
3Js of May 1, 2000), $12,000,000; current liabilities.
$18,409 ; profit and loss, $500,114 — total, $22,578,523.
Contra: Cost of property (exclusive of $5,830,916
construction advances by lessee), $22,220,726;
other investments, $156,815 ; fuel and supplies,
$6t),696 ; cash and current assets, $144,286 — total,
$22,578,523.
CORPORATE OFFICERS.— W. K. VanderbiH.
Pres. ; E. V. W. Rossiter, Vice-Pros. & Sec. ; W.
S. Crane, Treas., New York, N. Y. Office, New
York, N. Y.
RAILROAD LEASED TO N. Y. ft H. RR. Co.
New York and Mahopac RR. — Golden's
Bridge to Lake Mabopac, 7.25 miles. The
line is Included in the mileage (branches)
of the New York and Harlem RR. Organized
Ma.vh 7. 1871 ; opened June 17, 1872. Leased to
N. Y. & H. RR. Co., and transferred with that
company's line to the N. Y. C. & H. R. RR. Co.
Rental, 7 p. c. on stock, 5265.000, all of which Is
owned by the N. Y. & H. RR. Co. Lease expire*
Dec. 31, 1971.
Railroad Leased to N. Y. C. «€ H. R. RR. Co. — Continued.
NEW YORK AND PUTNAM RR 155th
St. and 8th Ave., New York, to Putnam June.,
N. Y., 53.73 m. ; Van Cortlandt June, to Yonkers,
N. Y., 3.10 m. : Mahopac Falls RR. (operated),
Baldwin Place to Mahopac Falls, N. Y., 2.05 m. —
total, 58.88 m. ; 2d track, 8.2 m. ; total track
(steel ; 60 and 76 IDS.), 79.90 miles.
HISTORY. — Reorganization, Jan. 12, 1894, of
the New York and Northern Ry. Co. (See
Manual for 1893, page 437.) Leased for the term
of the company's corporate existence to the N.
Y. C. & H. R. RR. Co. ; rental, fixed charges.
BALANCE SHEET. June 30. 1902. — Capital
stock ($100 shares), $6,500,000; funded debt, $5,-
225,000 — total, $11,725,000. Contra : Cost of prop-
erty. $11,700,000; stock owned, $25,000— total, $11,-
725,000. The N. Y. C. & H. R. RR. Co. owns the
entire capital stock.
FUNDED DEBT outstanding on June 30, 1902,
consisted of $1,200,000 N. Y. & N. Ry. Co. 1st 5s
of Oct. 1, 1927; and $4,025,000 ($6,200,000 auth.)
N. Y. & P. RR. Co. 1st consol. 4s of Oct. 1, 1993.
The unissued consol. mtge. bonds are reserved,
$975,000 for improvements and $1,200,000 for the
retirement of the N. Y. & N. 1st mtge. 5s, at or
before their maturity. The consol. mtge. bonds
are guaranteed, both as to principal and interest,
by the N. Y. C. & H. R. RR. Co., and the guaranty
is endorsed on each bond.
CORPORATE OFFICERS. — W. H. Newman,
Pres. ; E. V. W. Rossiter, Vice-Pres. & Sec. ; W.
S. Crane, "Breas., New York, N. Y. Office, Grand
Central Station, New York, N. Y.
SUBSIDIARY ROAD, N. Y. & P. RR.
Full* RR. — Baldwin Place to
Mahopac Falls, 2.05 miles. Rail (steel), 56 Ibs.
Chartered March 8. 1884 ; opened Nov. 1, 1884.
Operated as a branch of the N. Y. ft P. RR.
Balance Sheet, June 30, 1902. — Capital stock,
Railroads Leased by N. Y. C.
PINE CREEK RY Stokesdale June, to
Newberry June., Pa., 74.96 m. ; 2d track, 12.73 m. ;
total track (steel ; 70 IDS.), 126.70 miles.
HISTORY. — Organized June 6, 1884, as suc-
cessor to the Jersey Shore, Pine Creek and
Buffalo Ry. Co. Leased to the N. Y. C. & H. R.
RR. Co. for 999 years, from May 1, 1899, at a
rental of $35.000 a year and the interest on the
outstanding bonds.
BALANCE SHEET, June 30, 1902. — Capita)
stock ($4,000,000 auth.; $50 shares), $1,000,000;
funded debt (1st 6s of Dec. 1, 1932). $3,500.000;
Items conveyed to lessee, $203,568 ; profit and los^,
$8.194 — total, representing cost of road and equip-
ment. $4.711.762.
The N. Y. C. ft H. R. RR. Co. owns $999.000 of
the capital stock. Principal and interest of
bonds are guaranteed Jointly and severally by
the New York Central and Hudson River RR. Co.
$100,000; income balance, $113 — total, represent-
ing cost of road, etc., $100,113. The N. Y. C. ft H.
R. RR. Co. holds the entire capital stock.
John Carstensen, Fres. ; W. S. Crane, Treas. ft
Sec., New York, N. Y. Office, Grand Central Sta-
tion, New York, N. Y.
d H. R. RR. Co. — Continued.
and the Philadelphia and Reading Ry. Co., the
guarantors to receive 2d mtge. bonds for any
advances to meet interest.
CORPORATE OFFICERS. — Jefferson Harrison,
Pres., Wellsboro', Pa. ; W. H. Newman, Vice-
Pres. ; E. V. W. Rossiter, Sec. & Treas., New
York, N. Y. Office, Wellsboro'. Pa.
ROME, WATERTOWN AND OGDENS-
IH'RG RR Massena Springs to Richland, N.
Y., 119.13 m. ; Richland to Rome, N. Y., 41.28 m.
Oswego June, to Niagara June., N. Y., 143.86 m.
Rochester to Windsor Beach, N. Y., 7.30 m.
Woodard June, to Fulton, N. Y., 17.08 m. ; Water
town June, to Cape Vincent, N. Y., 24.43 m.
De Kalb June, to Ogdensburg, N. Y., 19.04 m.
Syracuse to Pulaski, N. Y., 37.57 m. — total lines
owned, 409.69 miles. Leased lines: Utica and
Black River RR., 150.20 m. ; Oswego and Rome
RR.. 27.25 m: ; Niagara Falls Branch RR., 8.58
POOR'S MANUAL NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 123
miles ; Carthage, Watertown and Sackets Harbor
RR., 28.76 m. — total leased lilies, 214.79 miles.
Total owned and leased, 624.48 m. ; 2d track, 4.95
m. ; total track (steel; 56, 60 and 75 Ibs.), 823.83
miles.
HISTORY. — Consolidation, Oct. 1, 1861, of the
Watertown and Rome and the Potsdam and
Watertown RR. Cos. ( See Manual for 1891, page
482.) Leased, March 14, 1891, for the term of its
corporate existence, to the N. Y. C. & H. R.
RR. Co., at an annual cash rental of $7,000 (after
April 1, 1901), besides interest on bonds, and 5
p. c. dividends on stock, the lessee also assum-
ing rental charges on account of the company's
leased lines.
General Balance Sheet, R., W. & O. RR. Co., June
30, 1902.
Capital Stock ($100 shares) $10,000,00000
Funded Debt Outstanding 10,773,800 '30
Bonds and Mtges. on Real Estate 51,750 00
Open Accounts
Profit and Loss 144,56045
Total Liabilities $20,970,377 38
Cost of Road and Equipment $18,261,861 38
Stocks and Bonds Owned 2,494,076 92
R., W. & O. Stock 43 00
Bonds and Mtges. on Real Estate. . 14,000 00
N. Y. Cent. & Hudson Riv. RR. Co. . 200,203 51
Cash on Hand 19257
Total Assets $20,970,377 38
Funded debt, July 1, 1902, consisted of —
$417,800 W. & R. Ext. 1st 6s of Sept. 1, 1910, int.
M. & S.
*9,576,000 R., W. & O. cons. 5s and 3Js of July 1,
1922, int. A. & O.
100,000 O. RR. Bridge 1st 6s of July 1, 1915, int.
F. & A.
$175,000 S., P. & O. RR. 1st 6s of Feb. 1, 1915, int.
F. & A.
$130,000 N. & M. RR. 1st 5s of April 1, 1916, int.
A. & O.
375,000 R., W. & O. Term. 1st 5s of May 1, 1818,
int. M. & N.
* $9,076,000 5s and $500,000 3Js.
The W. & R. Ext. bonds are secured by first
mortgage on the line from Rome to Cape Vincent,
N. Y., 97 miles. The R., W. & O. consols are
secured by first mortgage on the lines from Oswe-
go to Lewiston, Watertown to Norwood, De Kalb
Junction to Ogdensburg and Syracuse to Pulaski,
aggregating 278.61 miles in length, and by second
mortgage on the rest of the road. The O. RR.
Bridge bonds are secured by first mortgage on
the Oswego Railroad Bridge. The S., P. & O. RR.
bonds are secured by first mortgage on the line
from Woodard Junction to Fulton, N. Y., 17.08
miles. The N. & M. RR. bonds are secured by
first mortgage on the line from Norwood to
Massena Springs, N. Y., 12.91 miles. The R.,
W. & O. Terminal bonds are secured by first
mortgage on the line from Rochester to Windsor
Beach, N. Y.. 7.3 miles.
The directors of this company are ex-officio
directors of the Utica and Black River and the
Oswego and Rome RR. Cos. The company owns
a majority ($1,120,000) of the capital stock of the
Utica and Black River RR. Co. and that stock
is held in the treasury of the N. Y. C. & H. R.
RR. Co.
DIRECTORS (R., W. & O. RR. Co.).— Charles
Parsons, Clarence S. Day, William Lummis,
George Parsons, Edwin Parsons, Chauncey M.
Depew, William H. Newman, Jefferson Hogan,
New York, N. Y. ; Walton Ferguson, Stamford,
Conn. ; John F. Maynard, John M. Grouse, Isaac
N. Maynard, Wm. Pierrepont White, Utica, N. Y.
Officers : Charles Parsons, Pres. ; Clarence S.
Day, 1st Vice-Pres. ; Edwin Parsons, 2d Vice-
Pres. & Treas. ; Joseph A. Lawyer, Sec. ; Wm.
H. Platt, Asst. Sec., New York, N. Y. Office, 15
Broad St., New York, N. Y.
LEASED LINES OF THE ROME, WATERTOWN AND OGDENSBURG RR. Co.
Carthage, Watertown and Sacketn
Harbor RR. — Carthage to Sackets Harbor,
N. Y., 28.76 miles.
Chartered Feb. 1, 1869; opened in 1872. Leased
in perpetuity, Feb. 1, 1872, to the Utica and Black
River RR. Co., at a rental equal to 37J p. c. of
gross earnings. Lease transferred, April 14, 1886,
to the R., W. & O. RR. Co., and assumed by the
N Y. C. & H. R. RR. Co. on March 14, 1891.
Rental, year ending June 30, 1902, $44,448.
Balance Sheet, June 30, 1902. — Capital stock
paid in ($721,500 auth. ; $100 shares), $487,345;
funded debt (consol. 5s of July 1, 1931), $300,000;
on-rent liabilities, $925; profit and loss, $47,375 —
total, $835,645. Contra : Cost of road, etc., $775,-
112; cash assets, $60,533 — total, $835,645.
W. H. Newman, Pres.; S. E. Williamson, Vice-
Pres. ; E. V. W. Rossiter, Sec. ; George S. Prince,
Treas., New York, N. Y. Office, Watertown, N. Y.
Niagara Fulls Branch RR. — Suspension
Bridge to Lewiston June., N. Y., 8.58 miles.
Chartered Dec. 24, 1875. Leased to the R., W."
& O. RK. Co., from Nov. 1, 1881, at an annual
rental of 7 p. c. on $250,000 capital stock, all of
which is owned by the N. Y. C. & H. R. RR. Co.
Lease assumed by the N. Y. C. & H. R. RR. Co.,
on March 14, 1891. Cost of road, $243,756 ; current
assets, $6,244 — total, $250,000.
W H. Newman, Pres. ; S. E. Williamson, Vice-
Pres. ; E. V. W. Rossiter, Sec. & Treas., New
York, N. Y. Office, Grand Central Station, New
York, N. Y.
Oswepro and Rome RR. — Oswego to Rich-
land, N. Y., 27.25 miles.
Chartered April 11, 1863 ; opened Jan. 1, 1866.
Leased to the R., W. & O. RR. Co. at a rental
equal to bond interest. Lease assumed on March
14, 1891, by the N. Y. C. & H. R. RR. Co.
Balance Sheet, June 30, 1902. — Capital stock,
$225,000; funded debt, $750,000 — total, $975,000.
Contra : Cost of road, $964,900 ; capital stock in
treasury, $10,100 — total, $975,000.
The N. Y. C. & H. R. RR. Co. owns $202.200 of
the capital stock. Funded debt consists of $350,-
000 1st 7s of May 1, 1915 ; and $400,000 2d 5s of May
1, 1915.
Charles Parsons, Pres. ; Edwin Parsons, Vice-
Pres. ; Wm. H. Platt, Sec. & Treas., New York,
N. Y. Office, 15 Broad St., New York, N. Y.
Utica and Black; River RR. — Utica to
Ogdensburg, N. Y., 134.28 m. ; Theresa June, to
Clayton, N. Y., 15.92 m. — total, 150.20 miles.
Consolidation, March 18, 1886, of the Utica and
Black River, Ogdensburg and Morristown, and
Clayton and Theresa RR. Cos. (See Manual for
1891, page 485.) Leased in perpetuity, April 14,
1886, to the "R., W. & O. RR. Co. Lease trans-
ferred to the N. Y. C. & H. R. RR. Co. on March
14, 1891. Rental, interest on bonds, dividends of
7 p. c. on the capital stock, and $4,500 for or-
ganization expenses.
Balance Sheet, June 30, 1902. — Capital stock
paid in ($3,000,000 auth.; $100 shares), $2,223,000;
funded debt (1st 4s of July 1, 1922), $2,000,000;
profit and loss, $195,593 — total, $4,418,593. Contra :
Cost of road, etc., $4,368,222 ; bonds in treasury,
$50,000; cash, $371 — total, $4,418,593.
A majority ($1,120,000) of the stock is owned
by the R., W. & O. RR. Co., having been ex-
changed for securities of that company, and the
directors of the R., W. & O. RR. Co. have be-
come ex-officio the directors of this company.
Consequently the agreement between this com-
pany and the R., W. & O. RR. Co. is virtually a
consolidation.
.John F. Maynard, Pres., Utica. N. Y. ; Edwin
Parsons, Vice-Pres. & Treas. ; Wm. Lummis, 2d
Vice-Pres. ; W. H. Platt, Sec.. New York, N. Y.
Office, Utica, N. Y.
UM
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Kail roads Le<u«d by N. Y. C. d H. R. RR. Co. — Continued.
SIM > I •!•:> IX \ \ II. \M> TOUT MORRIS
H u. Dujrvil to Harlem June.. 6.04 m..
doubl- tra.k; total track (steel; 80 Ibs.), 14.38
HISTOHV.— Chartered April 24. 1867; opened
April 7. 1S72. Ix-ascd Nov. 1. 1871, to N. Y. C. &
II. R. RR Co.. at 8 p. c. on capital stock. Lease
expires Dec. 31, 1970.
FINANCIAL STATEMENT. — Capital stock
($100 shares), representing cost of road, $989,000.
CORPORATE OFFICERS.— W. II. Newman,
Pres. ; E. V. W. Rosslter. Vlce-Prcs. & Treas. ;
B. D. Worrfrtcr. Sec.. New York. N. Y. Office,
Grand Contrnl Station, New York, N. Y.
SYK \CIM-. 4.KM-.VA AND CORNING
RV.— Corning to Geneva, N. Y.. 57.69 m. ; Penn
Yan to Dresden, N. Y., 6.58 in. — total, 64.27 m. ;
total track (steel; 60 to 76 Ibs.), 99.04 miles.
HISTORY. — Chartered Aug. 27, 1875; road
opened Dec. 10, 1S77. (See Manual for 1899, page
171. ^ Leased to the N. Y. C. & H. R. RR. Co.,
for 999 years from May I, 1S99, at a rental of $46.-
375 a year and the Interest on the outstanding
bonds.
BALANCE SHEET, June 30, 1902. — Capital
stork (MOO shares), $1,325.000; funded debt, $1,-
017,100; profit and loss, $770,814 — total, $3.112,914.
Contra : Cost of road, $3,061,978 ; Items conveyed
to lessee, $50.936-total. $3,119,620.
FUNDED DEBT consists of $417,100 1st 7s of
Nov. 15. 1905'; and $800,000 2d 5s of March 1, 1909.
CORPORATE OFFICERS. — W. H. Newman,
Pres. ; E. V. W. Rossiter, Vice-Pres. & Sec.; W.
S. Crane. Treas., New York, N. Y. Office, Grand
Central Station, New York, N. Y.
TIVOLI HOLLOW RR West Albany to
lumber yards, Albany, N. Y., 1.24 m. ; total track
(steel, 1.24 m.), 1.89 miles.
HISTORY. — Chartered May 15, 1893. Operated
under contract by the N. Y. C. & H. R. RR. Co.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $32,500, representing cost of road.
The N. Y. C. & H. R. RR. Co. owns the entire
capital stock.
CORPORATE OFFICERS. — W. H. Newman,
Pres. ; E. V. W. Rossiter, Vice-Pres. & Sec. ; W.
S. Crane, Treae., New York, N. Y. Office, Al-
bany, N. Y.
TKOY AND GREENBUSH RR. — Troy to
Greenbush, 5.56 m. ; 2d track, 5.56 m. ; total track,
22.93 miles.
HISTORY.— Chartered in Jan., 1845; opened in
June, 1846. Leased from June 1, 1851, for $19,250
per annum. Dividends, 7 p. c., $19,208, payable at
Troy. N. Y.
BALANCE SHEET, June 30, 1902. — Capita!
stock ($50 shares), $275,000; profit and loss, $6,117
— total, $281,117. Contra: Cost of road ($45,833
p. m.), $275.000; stock owned, $5,640; cash and
assets, $477— total. $281.117.
CORPORATE OFFICERS. — W. A. Thompson,
Pres. ; W. H. Doughty, Vice-Pres., Troy, N. Y. ;
12. C. Gale, Treas. & Sec., Williamstown, Mass.
Office, Troy, N. Y.
WALLKILL VALLEY RR Kingston to
Montgomery. N. Y., 32.88 m. ; total track (steel;
56 to 67 Ibs.), 38.33 miles.
HISTORY. — Reorganization, July 2, 1877, of the
Wallkill Valley Ry. Co. Leased in perpetuity,
from May 1, 1899, to the N. Y. C. & H. R. RR. Co.,
the rental to be interest on the bonds at the re-
duced rule of 3J p. c. a year, and dividends at
the rate of 3i p. c. a year on the capital stock.
Dividends are paid in gold, in quarterly install-
ments.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $330.000; funded debt, $580,-
000; profit and loss, $96,227 — total. $1,006,227. Con-
tra : Cost of road, etc., $946,878 : items conveyed
to lessee, $59,349— total, $1.006,227.
It is provided that the capital stock may be
Increased to $1,500,000 for the purpose of paying
off the bonds and to meet other lawful require-
ments of the company. The bonded debt consists
of $250,000 1st 3Js of Aug. 1, 1917 ; and $330,000 2d
31s of Aug. 1, 1917.
CORPORATE OFFICERS. — W. II. Newman.
Pres. ; E. V. W. Rossiter, Vice-Pres. & Sec. ; W.
S. Crane, Treas. Office, 5 Vanderbilt Ave.. New
York, N. Y.
•WEST SHORE RR. — Weehawken, N. J., to
Buffalo, N. Y., 423.50 m. ; Rockland Lake to Con-
gers, 1.17 m. ; Ravena, N. Y., to Kenwood Junc-
tion, N. Y., 11.52 m. ; Syracuse to Earlville, N. Y.,
42.78 m. — total, 478.97 m. ; 2d track, 338.78 m. ; 3d
track, 6.36 m. ; total track (steel ; 67 Ibs.), 1,114.89
miles.
HISTORY. — Chartered Dec. 5, 1885, as yuccessor
to the New York, West Shore and Buffalo Ry. Co.
The West Shore and Ontario Terminal Co. of
New York and New Jersey was absorbed on June
25, 1901 ; its bonds have been retired and can-
celled. The property is leased for 475 years from
Jan. 1, 1886, to the N. Y. C. & H. R. RR. Co.
The New York, Ontario and Western RR. Co.
has trackage rights for tnrough business only
over the line from Cornwall to Weehawken under
the terms given in the statement for that com-
pany (see General Index).
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $10,000,000; funded debt (1st
4s of Jan. 1, 2361), $50,000,000 — total, representing
cost of property, $60,000,000.
The N. Y. C. & H. R. RR. Co. owns the entire
capital stock and guarantees the bonds by en-
dorsement, both as to principal and interest. The
bonds are secured on all the property of the com-
pany, including the terminals at Weehawken.
CORPORATE OFFICERS. — W. H. Newman.
Pres. ; E. V. W. Rossiter, Vice-Pres. & Sec. ; J.
D. Layng, 2d Vice-Pres. ; E. L. Rossiter, Treas.
& Asst. Sec. Office, Grand Central Station, New
York, N. Y.
19. RAILROADS OPERATED BY THE NEW YORK CENTRAL AND HUDSON RIVER RR. Co.
UNDER CONTRACT OTHER THAN LEASE.
Ill 1 I \l.o ERIE BASIN RR In Buffalo,
N. Y., from N. Y. C. & H. R. RR. to Erie Basin
Wharf. 0.26 mile.
HISTORY. — Chartered July 8, 1876. The road
is operated under contract by the N. Y. C. & H.
R. RR. Co., the results of operation being in-
cluded in the income account of that company.
FINANCIAL STATEMENT.-- Capital stock
($200 shares). $13,503, representing cost of road.
CORPORATE OFFICERS.— W. H. Newman,
Pres. ; E. V. W. Rossiter, Vice-Pres. & Sec. ; W.
S. Crane, Treas., New York, N. Y. Office, Grand
Central Station, New York N Y
MBW YORK CENTRAL NIAGARA
RIVER RR in Buffalo, N. Y., from N. Y. C.
It H. R. RR. to Niagara River. 2.81 miles.
HISTORY.— Chartered March 26. 1877. Or-
ganized to construct and extend and to
operate a railroad already constructed be-
tween the N. Y. C. & H. R. RR. and the Niagara
River, and around Tonawanda Island, in the
Niagara River, with branch lines or track con-
necting with the New York Central tracks, an>l
also extending to docks and piers on the river
before named. The part of the road constructed
is operated under contract by the N. Y. C. & H.
R. RR. Co.
FINANCIAL STATEMENT. — Capital stock
($150,000 auth. ; $100 shares), $28,100, representing
cost of property.
CORPORATE OFFICERS. — W. H. Newman,
Pres. ; E. V. W. Rossiter, Vice-Pres. & Sec. ; W.
S. Crane, Treas., New York, N. Y. Office, Grand
Central Station, New York, N. Y.
POOR S MANUAL NEW 1'OKK CENTRAL AND HUDSON RIVER RR. CO. 125
PITTSBURGH AND EASTERN RR
Mahaffey to Arcadia, Pa., lo. -10 m. ; total traclr
(steel; 70 Ibs.), 17.34 miles. Locomotives, 2.
Cars — passenger, 1; freight (flat), 9; other, 1 —
total, 11.
HISTORY. — Consolidation, Jan. 3, 1895, of the
Philadelphia and Pittsburgh RR. Co., Loyalhanna
and Yougtnogheny RR. Co., and Pittsburgh and
Eastern RR. Co. Road opened June 1, 1S97. Au
extension has been authorized to be built from
Burnside to Cherry Tree, Pa., about 9 miles, at
an approximate cost of $300,000. The road is
owned jointly by the New York Central and
Hudson River RR. Co. and the Pennsylvania RR.
Co., and is operated under contract by the former.
FINANCIAL STATEMENT. — Capital stock
paid in ($5,000,000 auth. ; $50 shares), $395,000;
profit and loss, $101,123 — total, $496,123. Contra :
Cost of property, $495,976 ; cash, ?147 — total, $496,-
123. The N. Y. C. & H. R. RR. Co. owns one-half
of the paid up capital stock, the other half being
owned by the Pennsylvania RR. Co.
CORPORATE OFFICERS. — M. E. Olmsted,
Pres., Harrisburg, Pa. ; E. V. W. Rossiter, Vlce-
Pres. fc Sec. ; W. S. Crane, Treas., New York,
N. Y. Office, Philadelphia, Pa.
TERMINAL, RY. OP BUFFALO Blasdell
to Depew, N. Y., 11.02 m. ; 2d track, 11.02 m. ;
total track (steel; 80 Ibs.), 22.38 miles.
HISTORY. — Chartered June ]2, 1895; road
opened Sept. 15, 1898. Owned jointly by the New
York Central and Hudson River RR. Co. and the
Lake Shore and Michigan Southern Ry. Co.
Built for the purpose of facilitating the exchange
of business between the companies named.
Operated under contract by the New York Cen-
tral an3 Hudson River RR. Co., the result of
operation being included in the income account
of that company.
INCOME ACCOUNT, year ending June 30, 1902.
— Gross receipts (trackage, $G8,7(j5 ; interest,
$440), $69,235. Operating expenses and taxes.
$28,342. Net income, $10,893. Interest on bonds,
$40,000. Surplus, $893.
BALANCE SHEET, Juno 30, 1902. — Capital
stock ($100 shares), $1,000,000; funded debt (1st
gold 4s of April 1, 1946), $1,000,000; current lia-
bilities, $12,266 ; profit and loss, $21,967— total,
$2,034,233. Contra : Cost of road, $2,000,000 ; cash
and other assets, $34,233 — total, $2,034,233.
CORPORATE OFFICERS. — Wm. H. Newman,
Pres. ; Wm. C. Brown, Vice-Pres. ; E. V. W.
Rossiter, Sec. & Treas., New York, N. Y. Office,
Buffalo, N. Y.
2O. RAILROAD LEASED BY THE N. Y. C. & H. R. RR. Co., BUT OPERATED BY THE LAKE
SHORE AND MICHIGAN SOUTHERN RY. Co., AS AGENT FOR THE LESSEE.
DUNKIRK. ALLEGHENY VALLEY AND
PITTSBURG RR Dunkirk, N. Y., to Titus-
ville, Pa., 90.6 m. ; total track ( steel ; 56, 60 and
70 Ibs.), 106.4 miles.
HISTORY. — Consolidation (Dec. 31, 1872), of
the Dunkirk, Warren and Pittsburgh, RR. Co.,
and the Warren and Venango RR. Co. Road
opened Aug. 20, 1871. Leased to the N. Y. C. &
H. R. RR. Co., for 501 years from Dec. 1, 1872,
at a yearly rental equivalent to the interest on
not exceeding $3,200,000 bonds and 1J p. c. on
13,000 shares of stock. Since Oct. 1, 1901, the
road has been operated by the L. S. & M. S.
Ry. Co. as agent for the lessee.
ROLLING STOCK.— Locomotives (10 leased),
11. Cars — passenger (6 leased), 13; baggage,
mail, and express (1 leased), 4; freight (box, 1;
flat, 5), 6; service, 8 — total, 31.
OPERATIONS, year ending June 30, lf)02. —
Trains run (passenger, 143,515; freight, 110,061;
other, 4,780), 258,356 miles. Passengers carried,
226,339 ; carried one mile, 4,968,405 ; average mile
rate, 2.09 cents. Tons freight moved. 263,992:
ton-miles, 10,250,166 ; average ton-mile rate, 1.75
cents. Earnings ( passenger, $104,234 ; freight,
$176,856; other, $13,909), $294,999. Operating ex-
penses, $199,152. Net earnings (32.66 p. c.), $95,-
847; other receipts, $740 — total, $96,587. Paid
taxes, $16,727. Surplus, $79,860.
LESSEE'S BALANCE SHEET, June 30, 1902. —
Liabilities: Current accounts, $90,380; profit and
loss, $47,049 — total, $137,429. Assets : Current
accounts, $67,418 ; materials and fuel, $39,176 ;
cash, $30,835 — total, $137,429.
LESSOR'S BALANCE SHEET, June 30. 1902.
— Capital stock ($100 shares), $1,300,000; funded
debt, $2,900,000; certificates of E. D. Worcester,
trustee, $54,750 — total, $4,254,750, representing cost
of road and equipment, exclusive of advances by
lessee. Funded debt consisted of $2,000,000 1st 7s
matured June 1, 1900 : $700,000 2d 7s matured Oct.
1, 1900 ; and $200,000 3d 7s matured Oct. 1, 1900.
DIRECTORS. — Chauncey M. Depew, Wm. K.
Vanderbilt, F. W. Vanderbilt. W. H. Newman, E.
D. Worcester, H. McK. Twombly, Samuel E.
Williamson, Samuel F. Barger, W. C. Brown,
New York, N. Y. ; E. V. W. Rossiter, Flushing,
N. Y. ; Dwight W. Pardee, Brooklyn, N. Y. ; M.
E. Olmsted, Harrisburg, Pa. ; G. C. Greene,
Cleveland, O. W. H. Newman, Pres. ; E. V. W.
Rossiter, Vice-Pres. ; Dwight W. Pardee, Sec. ;
New York, N. Y. Corporate Office, Dunkirk,
N. Y.
21. Board of Directors, N. Y. C. d H. R. RR. Co., as constituted April 15, 1903.
CHAUNCEY M. DEPEW, Chairman of the Board New York, N. Y.
W.K. Vanderbilt. New York.N.Y.
F. W. Vanderbilt
C. M. Depew
Sam'l F. Barger. .
J. P. Morgan... New York, N. Y.
William Bliss Boston, Mass.
E.V.S. Rossiter. New York, N. Y.
Geo. S. Bowdoin "
Wm. Rockefeller " (J "
H.McK.Twombly
AV. H. Newman.
Charles C. Clarke
Darius O. Mills New York, N. Y.
W. H. NEWMAN, President New York, N. Y.
Edward V. W. Rossiter, 1st V ice-President " "
Edgar Van Etten, 2d Vice-President Boston, Mass.
W. C. Brown, 3d V ice-President New York, N. Y.
John Carstensen, 4th V ice-President #.<*. rr^"* T — '4,,-
TTT T Y*7M ,T,T T7- n -T *
W. J. Wilgus, 5th Vice-President "
Secretary — Edwin D. Worcester . New York, N. Y. | Treasurer — Edward L. Rossiter. New York. N. Y.
Auditor — Marshall L. Bacon New York, N. Y.
GENERAL OFFICE '. Albany, N. Y.
Operating Office .Grand Central Station, New York, N. Y.
London Fiscal Agents. . J. S. Morgan & Co., 22 Old Broad St., London, E. C., Eng.
126 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROIT.
NEW YORK CENTRAL SYSTEM— Lines operated by the N. Y. C. & H. R. RR. Co.
an agent for the owners.
AMSTERDAM, CHTTCTANUNDA AND NORTHERN BE.— East Amsterdam
to Linaml Oil Works, Amsterdam, N. Y., 1.5 miles. Chartered Sept. 23, 1879. This rail-
road i> owm-d I'v Mt— rs. Krll<>^' & Miller, proprietors of the Amsterdam Linseed Oil
Works, and is operated (but not Ir.t-ni i as a switch branch of the New York Central and
Hudson River RR. for hauling freight to and from the works. Rolling stock is supplied
by the N. Y. C. 4 H. R. RR. Co. Capital stock ($100 shares), representing cost of road,
$20,000.
Directors. — John Kellogg, George Kellogg, Lauren Kellogg, J. Arthur Brannock,
Myron W. Reid, John Kellogg 2d, John H. Lindsay, F. S. Van Derveer, A. R. Conover,
Amsterdam, N. Y. OFFICERS: JOHN KELLOGG, Pres.; Lauren Kellogg, Treas.; J. Arthur
Brannock, Sec., Amsterdam, N. Y. CORPORATE OFFICE, Amsterdam, N. Y.
FULTON CHAIN RY.— Fulton Chain to Old Forge, N. Y., 2.21 m.; total track
(steel; 60 Ibs.), 2.47 miles.
History. — Reorganization, under charter, dated February 25, 1902, of the Fulton
Chain RR., whose property was sold under foreclosure February 8, 1902 (see MANUAL for
1902, page 131). Operated by the New York Central and Hudson River RR. Co. as agent
for the owners.
Operations, year ending June 30, 1902. — Trains run (passenger, 3,472; freight,
577; other, 22), 4,071 miles. Passengers carried, 17,464; carried one mile, 36,595. Tons
freight moved, 2,428; ton-miles, 5,366. Earnings (passenger, $4,046; freight, $1,351;
other, $756). $6,153. Operating expenses (including taxes, $5), $4,022. Net earnings,
$2,130. Additions (net earnings previous to June 30, 1901), $286. Surplus, June 30,
1902, $2,417.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $21,000;
current liabilities, $1,904; profit and loss, $2,417 — total, $25,321. Contra: Cost of road,
$16,144; cash and current assets, $9,177 — total, $25,321.
Directors.— J. Pierpont Morgan, Chauncey M. Depew, W. C. Whitney, H. P. Whitney,
S. R. Callaway, Robert Bacon, I. E. Gates, C. H. Tweed, W. P. Hamilton, W. W.
Durant, A. G. Vanderbilt, New York, N. Y. ; E. M. Burns, Middleville, N. Y. ; W. Seward
Webb, Shelburne, Vt. OFFICERS: W. SEWARD WEBB, Pres.; Clarence Morgan, Treas.,
New York, N. Y. ; Charles E. Snyder, Sec., Herkimer, N. Y. GENERAL OFFICE : Raquette
Lake, N. Y.
NEW YORK CENTRAL, HUDSON RIVER AND FORT ORANGE RR-
Castleton to Fort Orange Mills, N. Y., 1 mile. Gauge, 4 ft. 8% in- Rail (steel), 60 Ibs.
History.— Chartered September 1, 1884. Operated as a switch branch of the New
York Central and Hudson River RR., and used for carrying freight to and from Fort
Orange. The superstructure is owned by the N. Y. C. & H. R. RR. Co.
Rolling Stock. — Company owns 1 locomotive ; other equipment supplied bv the
N. Y. C. A H. R. RR. Co.
Operations, year ending June 30, 1902. — Tons freight moved, 17,704. Earnings
(freight), $4,426. Operating expenses, $1.514; taxes, $38 — total, $1,552. Surplus, $2,874;
surplus forward, $1,752— total $4,626, carried to books of Fort Orange Paper Co.
General Balance Sheet, June 30, 1902.— Capital stock ($10 shares), $10,000.
Contra: Cost of road and equipment, $3,500; open accounts, $6,500 — total, $10,000.
Directors.— C. C. Woolworth, James Lynch, H. H. Ingalls, Castleton, N. Y.; W. E.
Redington, North Wilbraham, Mass. ; C. C. Woolworth, Jr., Atchison, Kan. ; J. S. Graham,
D. King. Henry E. Jones, Brooklyn, N. Y.; J. H. Finch, Union Hill, N. Y.; John C.
Whiteford, Detroit, Mich.; S. C. McKown, Rochester, N. Y.; Wm. H. Bunce, Jersey City,
N. J. OFFICERS: C. C. WOOLWORTH, Prw.; J. S. Graham, Treas.; C. C. Woolworth, Jr.,
See., Atchison, Kan. GENERAL OFFICE, Castleton, N. Y.
RAQUETTE LAKE RY.— Clear water June, to Raquette Lake, N Y,., 18 13 m •
total track (steel; 67 Ibs.), 21.70 miles. Gauge, 4 ft. 8>/2 in.
History. —Chartered February 7, 1899; road opened July 1, 1900. The company
has a street charter, but the motive power is steam. Operated by the New York Central
and Hudson River RR. Co. as agent for the owners.
Rolling Stock, June 30, 1902.— Locomotives, 2. Cars— passenger, 2: freight, 4—
total, 6.
POOR'S MANUAL OF RAILROADS. 127
Operations, year ending June 30, 1902. — Trains run (passenger, 23,253; freight,
2,868; mixed, 10,204; other. 11,347), 47,672. Passengers carried, 16,698; carried one
mile, 234,852. Tons freight moved, 21,785; ton-miles, 383,855. Earnings (passenger,
$11,735; freight, $11,031; other, $4,425), $27,191. Operating expenses, $34,031; taxes,
$3,048; interest on bonds, $2,083; other interest, $905; real estate expenses, $195 — total,
$40,262. Deficit, $13,071; deficit forward ($9,276; less adjustments during year, $3,452),
$5,824— total deficit June 30, 1902, $18,895.
General Balance Sheet, June 30, 1902.— Capital stock ($100 shares), $250,000;
funded debt (1st 5s of Jan. 1, 1949), $250,000; accrued interest, $2,083; current
liabilities, $29,818 — total, $531,901. Cost of road and equipment, $486,973; securities
owned, $14,000; materials, etc., $271; cash and current assets, $11,762; profit and loss,
$18,895— total, $531,901.
Directors.— J. Pierpont Morgan, Chauncey M. Depew, William C. Whitney, Harry
P. Whitney, Samuel R. Callaway, W. West Durant, Robert Bacon, W. P. Hamilton, A. G.
Vanderbilt, Isaac E. Gates, Chas. H. Tweed, New York, N. Y. ; Wm. Seward Webb, Shel-
burne, Vt. ; Edward M. Burns, Middleville, N. Y. OFFICERS: WM. SEWARD WEBB, Pres.;
Clarence Morgan, Treas., New York, N. Y. ; Charles E. Snyder, Sec., Herkimer, N. Y.
CORPORATE OFFICE, Raquette Lake (Durant Post Office), N. Y.
ST. LAWRENCE AND ADIRONDACK RY.— Malone June., N. Y., to Valleyfield,
Que., 30.17 m. ; Beauharnois to Adirondack June., Que., 12.9 m. — total, 43.07 m.; total
track (steel; 72 and 80 Ibs.), 51.08 miles. The company leases 13.3 miles of the Grand
Trunk Ry., from Valleyfield to Beauharnois, Que., and has trackage rights in 8.7 miles of
the Canadian Pacific Ry., from Adirondack June, to Montreal, Que., making the total
length of line operated, 65.07 miles.
History. — Consolidation, November 18, 1895, of the St. Lawrence and Adirondack
Ry. Co., Malone and St. Lawrence Ry. Co. and Southwestern Ry. Co. (See MANUAL for
1897, page 553.) Operated by the New York Central and Hudson River RR. Co., as agent
for the owners.
Rolling Stock. — The company holds under equipment trust 4 locomotives, 2 pas-
senger cars, and 7 service cars. The necessary freight cars are furnished by connecting
lines on a mileage basis.
Operations, year ending June 30, 1902. — Train mileage — passenger, 141,574;
freight, 21,924; mixed, 55,971; other, 19,462 — total, 238,931 miles. Passengers carried,
207,973; carried one mile, 6,357,729. Tons freight moved, 233,794; moved one mile,
10,791,021. Earnings (passenger, $107,138; freight, $126,640; mail and express, $6.696),
total, $240,474. Operating expenses, $142,987. Net earnings, $97,487; other receipts,
$427 — total, $97,914. Payments: Taxes, $4,405; interest on bonds, $78,600; rental*,
$10,000; dividends (5 p. c.), $72,875 — total, $165,880. Deficit $67,936. Surplus forward,
$98,774. Deductions during year, $27,948. Net surplus June 30, 1902, $2,860.
General Balance Sheet, Jun<*30, 1902. — Capital stock ($100 shares), $1,615,000,
funded debt, $1,300,419; interest due and accrued on funded debt, $6,000; current lia-
bilities, $19,801; subsidy from Canadian Government, $84,480; profit and loss, $2,860—
total, $3,028,560. Contra: Cost of road and equipment, $2,889,549; equipment under
trust, $87,904; current assets, $33,740; cash, $17,367 — total, $3,028,560.
Funded Debt.— The funded debt outstanding on June 30, 1902, consisted of
$800,000 1st gold 5s of July 1, 1996; $400,000 2d gold 6s of Oct. 1, 1996, and $100,419 of
equipment trust notes payable quarterly, the last one on Oct. 12, 1906.
Directors (elected Sept. 3, 1902).— W. Seward Webb, Shelburne, Vt.; Chauncey M.
Depew, Henry L. Sprague, S. R. Callaway, George E. Bird, Clarence Morgan, New York,
N. Y. ; Edgar Van Etten, Boston, Mass. ; Martin E. McClary, Malone, N. Y. ; P. W. Clem-
ents, Rutland, Vt. OFFICERS: WM. SEWARD WEBB, Pres.; Clarence Morgan, Sec. & Treas.:
Henry L. Sprague, Gen. Counsel, New York, N. Y. CORPORATE OFFICE, Montreal, Que.
Financial Office, 51 East 44th Street, New York, N. Y. Operating Office, Grand Central
Station, New York, N. Y.
PITTSBURGH AND LAKE ERIE RAILROAD COM? ANT.
(Controlled by N. T. C. & H. R. RR. Co.; see Sec. 1.)
1. History. — Chartered May 8, 1875; opened in February and in April, 1879 (see
MANUAL for 1891, page 436). The Lake Shore and Michigan Southern Ry. Co. owns a
majority ($3,050,000) of the capital stock of this company. The road forms a part of the
N. Y. C. & H. R. RR. System, but is operated as an independent organization.
128 I'.M.K'S MAM \l. t»K HAILHuADS - MI1M)LK ATLANTIC (JKOUP.
-. Mileage Operated, De<-. 31, 1902.— A. LINES OWNED (total, 72.54 miles).
JTotM /.I'M Pittsburgh, 1'a., to Youngstown, O ....................... 68.00 milea.
ili- . I unction to New Castle, Pa ............
/,. Lowrllvilli-, (>.. to Bentley, O ......... • .......... 0.3S
Hmm-h: 1 hi-rlton, < >., t<> Lake Shore Junction ..............
B. IJIASED LINES (total, 113.02 miles).
Mahoning Kt<it, 1. in,- A' A'. : Hontley, O., to Shaw Jum:tion, 1'a .......... 3. 10 miles.
x6itri/A, Mch. • */•«•/-* U } ou<//um//i< n y ItK. (>••»• stat.-iiu-nt in Sec. 9) ..... 100.79
\,,rth, in A' A'.: Hnmd Kor.l to Suiiiinit. 1'a ............... 1.92
und Kll\cood Kit.: Kllwood City to Klhvood Junction, 1'a ......... 2.91
HUH It It.: Kllwood Junction to Coal Mine, Pa 3.56
EUtrood Connectiny HK.: Junction P. & L. E. RR. to Junction B. A E. RR. 0.68
Total length of lines owned, leased, and operated, Dec. 31, 1902 185.56 miles.
:M track (own.-d. 70.:>!> in.; leased, 50.58 m.), 120.87 m.; 3d track (owned), 13.61 m.; 4th
track (owned), 13.64 m.; sidings (owned. 183.67 m.; leased, 157.65 m.), 341.32 miles,
(iauge, 4 ft. 8K> »«• K"il (steel), 71, 80, and 90 Ibs.
J*. Rolling Stock, Dec. 31, 1902. — Oimied: Locomotives, 121. Cars — passenger, 44;
bmggagi- mail and express, 22; freight (box, 1,776; flat, 117; coal, 5,623; coke, 604),
8,120; service, 100— total, 8,286. Leased: Locomotives, 43. Cars— passenger, 16; bag-
gage, mail and express, 5 ; freight (flat, 18; coal, 1,292; coke, 1,037), 2,347; service, 25—
total, 2,393. Additional equipment has been ordered for delivery in 1903, as follows:
1,000 steel cars, 50 locomotives and 10 passenger coaches.
4. General Income Account, year ending December 31, 1902.
-Passenger $1,000,79280
Freight 8,980,647 26
Mail and Express 68,67622
Miscellaneous 28,263 71
Total ($54,313.32 per mile) $10,078,37999
Expenses— Maint. of Way and Struct. . $2,859.315 60
Maintenance of Equipment 1,591,845 44
Conducting Transportation 3,242,934 J5
General Expenses 168,13931
Total ($42,370.31 per mile) $7,862,235 33
Net earnings (21.99 p. c.), $2,216,144.66; other receipts, $20,326.90 — total,
$2,236,471.56. Payments: Interest on funded debt, $220,000; other interest, $7,408.28;
taxes, $143,429.74; rentals (P., McK. & Y. RR., $462,579; B. & E. RR., $13,218.94; M. S.
L. RR., $263.99; Thompson Run RR., $2,488.12), $478,550.05; dividends Nos. 37 and 38
(5 p. c. each), $500,000; paid L. S. & M. S. Ry. Co. one-half of profit of operating
P., McK. & Y. RR., $1,186.58; old accounts charged off, $13,727.63 — total $1,364,302.28.
Surplus, $872,169.28; surplus forward, $4,384,514.20— total, $5,256..683.48.
The company paid its first dividend, 3 p. c., in 1884, and its thirty-eighth, 5 p. c., in
Feb., 1903, the aggregate being 156 per cent. See GENERAL INDEX for table of DIVIDENDS
PAID nv RAILROAD COMPANIES, 1896-1903.
5. General Balance Sheet, December 31, 1902.
Cost of Road $8.668,753 57
Cost of Equipment 6,340,429 7G
• Stock* And Bonds Owned 483,364 65
Materials and Supplies 1,108.125 S3
Current Accounts 1,26808105
Bills Receivable 120,00000
on Hand 135,255 81
Total Assets $18.124,010 67
Capital Stock ($50 shares) $6,000,00000
Funded Debt Outstanding 4,000,000 00
Real Estate Mortgages 137,50000
Current Liabilities 1,384,70557
Bills Payable 700,000 00
Interest Accrued, not Payable 85,00000
Rentals Accrued 23,37933
Dividends Payable, Feb. 1, 1903 300,000 00
P., McK. & Y. Improvement Account.. 197,240 00
P., C. & Y. Sinking Fund Account. . . 39,502 29
Profit and Loss 5,256,683 48
Total Liabilities $18,124,010 67
•" Stocks and Bonds Owned " consists of: Mahoning State Line RR. advances, $103,584; Ma-
»ln« State Line RR. stock, $5,963.60; Ellwood Connecting RR. capital stock, $48.000; Pitts-
jurKh, Chartlers and Youghiogheny RR. capital stock, $139,849.55; Monongahela RR. stock, $185,-
000 ; miscellaneous, $967.50— total, $483,364.65.
«. fnnHnl stock — At the annual meeting on Jan. 28, 1902, the authorized capital stock
wa« Increased from $4,000,000 to $8,000,000. Of the $4,000,000 increase, $2,000,000 was issued
In Aug., 1902. and $2.000,000 on Feb. 1, 1903.
T. r uncled Debt — The funded debt consisted, Dec. 31, 1902, of $2,000.000 1st gold 6s of
•28. and $2,000,000 2d (series " A " and " B ") gold 5s of Jan. 1, 1928. (For additional
particulars, »ee Ready Reference Bond List.)
Railroad Map of Delaware, Maryland, Virginia and West Virginia.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
LCABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1798
•:•/
/ -,
t. •'.:•
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL ASS'T SEC'Y.
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1903, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1903.
Longitude
Went fr
WARE, MARYLAND, VIRGINIA AND WEST VIRGINIA.
Railroad Map of Delaware, Maryland, Virginia and West Virginia.
WORKS BY HENRY V. POOR.
Money and Its Laws:
EMBRACING
A HISTORY OF MONETARY THEORIES
AND
A HI STORY OF THE CURRENCIES
OF THE
UNITED STATES.
IB IT IHHEHsTIR/'X' -V. IPOOIR,.
One Vol., royal octavo, cloth, pp. xl., 623. Price, $5.OO.
Sent, free of postage, upon receipt of price, by the publishers, and for sale
by all booksellers.
RESUMPTION
AND THE
A HAND-BOOK FOR THE TIMES.
EMBRACING
A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER
CURRENCIES OF THE UNITED STATES AND
OTHER NATIONS.
By HENRY V. POOR.
(1878.)
One Volume, 1 21110, Cloth, pp. 350. Price, Sr.oo.
Sent free of postage, on receipt of price, by the publishers, and for sale by all booksellers.
Poors Railroad manual Co., 68 William St., lew Tut
POOR'S MANUAL PITTSBURGH AND LAKE ERIE RR. CO. 129
8. Statement of operations and general balances for seven jears ending Dec. 31:
1896
1897
1898
1899
1900
1901
1902
Miles Road Operated
Passenger Train Mileage
Freight Train Mileage
177.19
743,320
1 377 449
177.19
766,594
1 349406
179.82
735,443
1 304 536
180.09
715,506
1 374 637
180.09
712,642
1 337 403
184.33
727,302
1 421 521
185.56
745,082
1 714 396
Total Ue venue 1 rain Mileage.
Passengers Carried. . ....
2,120,769
1 529 753
2,116,000
1 497 935
2,039,979
1530008
2,090,143
1 719051
2,050,045
1899803
2,148,823
2 008 833
2,459,478
2 235 701
Passenger Mileage
27 606 518
°7 777 330
31 759 967
34 447 292
37 7jOO 899
43 365 214
49 622 256
Freight (tons) Moved
9,110,726
10,015,971
11,778,748
13,956,740
15,554,600
17,637,295
21,131,703
Freight (ton) Miles
610,110,528
651 904348
756 232 163
884 708 254
1 004 808 766
1 077 814 751
1 386 390 602
Gross Earnings
$
4 501,421
$
4 666 686
$
5 071 376
$
5 875 271
1
7 122 814
S
8 022 986
S
10 078 380
3 027 080
3 129240
3590321
4 182 251
5 445 513
6 257 996
7 862 236
1 474 341
1 537 446
1 481 055
1 693 020
1 677 301
1 764990
2 216 144
t ixed Charges and Taxes . .
780,367
795,351
788,562
799,950
808,073
826,210
841,430
Surplus
693 974
742095
692 493
893 070
869 228
938780
1 374 714
Dividends, 10 p. c
400000
400000
400000
400000
400000
400000
500000
25 404 49
2f, 337 19
28 202 51
32 624 08
39 551 42
43 525 12
54 313 32
17 082 12
17660 37
19 966 20
23 223 12
30 237 73
33 949 96
42 370 31
8 322 37
8 676 82
8 ?36 31
940096
9 313 69
9 575 16
11 94301
Expenses to Earnings
Aver.Rate p. Pass. p. Mile . . .
Aver. Kate p. Ton p. Mile. . . .
Capital Stock
67.25 p.c.
2.02 c.
0.63 c.
S
4000000
67.05 p.c.
1.96 c.
0.62 c.
$
4000000
70.79 p.c.
1.97 c.
0.58 c.
$
4000000
71. 18 p.c.
2.05 c.
0.57 c.
$
4000000
76.45 p.c.
2.05 c.
0.63 c.
1
4000000
78.00 p.c.
2.03 c.
0.66 c.
S
4000000
78.01 p.c.
2.02 c.
0.65c.
$
6000000
Funded Debt
4000000
4000000
4000000
4000000
4000000
4000000
4000000
Real Estate Mortgages . .
331 087
220500
185000
162500
187500
162500
137500
*Current Liabilities
538 899
874977
858982
878790
1 466 665
1 224 226
2 729 828
Profit and Loss
2 222 355
2550500
2 855 347
3 353 SOI
3 834,726
4 834,514
5,256,683
11092341
11 645977
11 899 329
12395091
13 488 891
14 221 240
18 124011
Cost of Road and Equip
Real Estate etc
7,671,133
2082472
7,855,777
2 032 972
8,372,001
1 997 472
8,792,001
1 974 972
10,971,761
407500
11,504,761
412500
15,009,183
328508
322 973
329255
325228
352054
436001
483 365
Current Assets
321 213
531 987
564*764
689 498
744087
1 118 861
1 388 081
Materials, etc
213358
232 949
254598
403057
384,205
427750
1 108 126
Cash
475,657
669 319
381 230
210 335
629,284
321,367
135,256
Total Assets
11,092,341
11,645,977
11,899,329
12,395,091
13,488,391
14,221,240
18,124,011
"•Including accrued Interest and unpaid dividends.
9. RAILROADS LEASED OR OPERATED BY THE PITTSBURGH AND LAKE ERIE RR. Co.
BEAVER AND ELLWOOD RR Ellwood
June, to Hazen Coal Mine, Pa., 5.41 m. ; total
track (steel ; 60 IDS.), 7.51 miles.
HISTORY. — Organized May 20, 1890 ; road built
In 1890. Consolidated with the Ellwood Southern
RR. Co., July 1, 1899. Leased (or 20 years frora
May 1, 1S99, to the P. & L. E. RR. Co., the rental
being 40 p. c. of gross earnings ; rental based
upon earnings.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $150,000; funded debt (1st 4s
of July 1, 1919), $150,000; unfunded debt, $10,850;
profit and loss, $13,130 — total, $323,980. Contra:
Cost of road, etc., $302,495 ; stocks owned, $2,000 ;
ether assets, $19,485 — total, $323,980.
CORPORATE OFFICERS. — H. W. Hartman,
Pres. ; Samuel A. Roelofs, Sec. & Treas., Ellwood
City, Pa. Office, Ellwood City, Pa.
ELLWOOD CONNECTING RH June. P.
& L. E. RR., to June. B. & E. RR., 0.68 mile.
Rail (steel), 70 Ibs.
HISTORY. — Chartered April 4, 1892; road
opened Tune 30, 1893. Operated by the Pittsburgh
and Lake Erie RR. Co. (which owns itt; entire
capital stock), but operations reported sepa-
rately.
INCOME ACCOUNT. — Earnings, 1902, $6,413.
Expenses and taxes, $292. Surplus, $6,121.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock, $50,000; profit and loss, $33 — total, $50,033.
Contra : Cost of road, "etc., $50,000 ; other assets,
$33— total, $50,033.
CORPORATE OFFICERS. — James M. Schoon-
maker, Pres. ; J. G. Robinson, Sec. & Treas. ; C.
H. Bronson, Aud. Office, Pittsburgh, Pa.
MAHONING STATE LIKE RR Bentley to
Shaw June., Pa., 3.16 m. ; total track ( steel ; 65
Ibs.), 7.89 miles.
HISTORY. — Chartered Aug. 10, 1891; road
opened Jan. 1, 1895. Leased Jan. 1, 1895, for 99
years to the Pittsburgh and Lake Erie RR. Co.
(which owns the entire capital stock) ; rental,
state and county tax.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock ($50 shares), $100,000; unfunded debt, $11,-
708 — total, $111,708. Contra: Cost of road, etc.,
$97,868- other assets, $13,840 — total, $111,708.
CORPORATE OFFICERS. — John G. Robinson,
Pres. & Treas. ; H. J. McElheny, Sec. ; C. H.
Bronson, Aud. Office, Pittsburgh, Pa.
PITTSBURGH. McKEESPORT AND
YOL'GHIOGHENY RR Pittsburgh to New
Haven, Pa., 56.95 m. ; Reynoldton to Belle Vernon,
Pa., 27.53 m. ; Dickerson Run and other Branches,
8.40 m. ; Elwell Run Branch, 5.01 m. ; Speers Run
Branch, 1.99 m. ; Downers Run Branch, 0.91 m. —
total, 100.79 m. ; 2d track, 50.58 m. ; sidings, 148.81
miles. Rail (steel), 71, 80 and 90 Ibs.
HISTORY. — Chartered Jan. 1, 1881 ; opened
Nov. 19, 1883. (See Manual for 1892.) Leased
Jan. 1, 1884, for 999 years from Aug. 3, 1881, by the
Pittsburgh and Lake Erie RR. Co., that company
and the Lake Shore and Michigan Southern Ry.
Co. guaranteeing interest on 1st and 2d mtge.
130
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
bonds (but not on McK. & B. V. bonds), and 6
p. c. dividends on stock. It is provided that the
stock shall be redeemed by the guarantors on
July 1. 1934. The company owns 43 locomotives
and 2.393 cars.
BALANCE SHEET, Dec. 31. 1902.— Capital
stock. $3.969,660; funded debt. $3,760.000 — total.
representing cost of road, etc., $7,709,860.
FUNDED DEBT, Dec. 31, 1902. consisted of (1)
J2.2SO.OOO 1st guar. 6s of July 1. 1932; (2) $900.000
2d guar 6s of July 1. 1934; and (3) $600.000 McK.
& B. V. 1st 6s of Jan. 1. 1918.
CORPORATE OFFICERS. — James M. Schoon-
maker, Pres.. Pittsburgh, Pa. ; H. McK. Twombly,
Vice-Pros., New York, N. Y. ; John O. Robinson,
Sec. & Treas., Pittsburgh. Pa Office, New
Terminal Station, Pittsburgh, Pa.
YOLGH1OGIIENY NORTHER* RY. —
BVtiad Ford to Summit, Pa.. 1.92 m. ; 2d tracK,
1.79 m. ; total track (steel; 60 IDS.), 8.4S miles.
HISTORY. — Chartered Aug. 16, 1881 ; road
opened in 1883. Leased to P., McK. & Y. RR. Co.,
for 50 years from April 1, 1883, at a rental of $1
per loaded freight car transported over the road.
BALANCE SHEET, June 30, 1902. — Capital
stock, $400,000 ; current liabilities, $9 ; profit and
loss. $10.822 — total. $410,831. Contra : Cost of
road, $400,000; cash and other assets, $10,831 —
total, $410,831.
CORPORATE OFFICERS. — Thomas Lynch,
Pres. ; Philip Keller, Treas. ; M. M. Bosworth,
Sec. Office, Pittsburgh, Pa.
1O. Board of Directors, P. d L. E. RR. Co., elected January 27, 1903.
W.K.Vanderbilt.New York.N.Y.
H. McK. Twombly '
F. \V. Vanderbllt.. "
J. Q. Robinson.. Pittsburgh, Pa.
A.E.W.Painter.. Pittsburgh, Pa.
M. W. Watson..
John B. Jackson
Geo. E. Shaw...
E.D.Worcester. New York, N. Y.
J. M. Schoonmaker.Plttsburgb.Pa.
Henry Hice Beaver, Pa.
j D. L. Wilson Pittsburgh, Pa.
WILLIAM H. NEWMAN, President New York, N. Y.
James M. Schoonmaker, Vice-Pres. d Gen. Mgr Pittsburgh, Pa.
Sec. d Treas. — John O. Robinson.. Pittsburgh, Pa. | Auditor — C. H. Bronson Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS New Terminal Station, Pittsburgh, Pa.
NEW YORK, ONTARIO AND WESTERN RAILWAY COMPANY.
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total 318.77 miles).
Main Line: Oswego to Cornwall, N. Y 27 1 . 75 miles.
New Berlin Branch: New Berlin Junction to New Berlin, N. Y
Delhi Branch: Walton to Delhi, N. Y 16.84
Ellenville Branch : Summitville to Ellenville, N. Y. 7 . 80
B. LEASED LINES (total, 108.62 miles).
Ctica, Clinton and Binghamton RR.: Utica to Randallsville, N. Y 31 .30 "
Rome and Clinton RR.: Rome to Clinton, N. Y 12.78
Wharton Valley Ry. : Junction New Berlin Branch to Edmeston, N. Y 6 . 80
Ontario, Carbondale and Scranton Ry.: Cadosia to Scranton, Pa 54.05
Pecksport Connecting Ry. : Pecksport to Morrisville, N. Y 3 . 69
O. TRACKAGE : West Shore RR. : Cornwall, N. Y., to Weehawken, N. J 53 . 07
Total length of lines owned and leased, June 30, 1902 480.46 miles.
Sidings (owned, 133.65 m.; leased, 68.67 m.), 202.32 miles. Gauge, 4 ft. Sy2 in. Rail
(steel), 50 to 95 Ibs.
2. History.— Organized January 21,1880, as successor to the New York and Oswego
Midland RR. Co. (see MANUAL for 1888, page 225). The terms under which the leased
lines are operated are outlined in the separate statements for those roads, subjoined hereto.
For the use of the West Shore RR. tracks from Cornwall to Weehawken the company pays
its proportionate share of the cost of maintenance, based on tlain mileage, and a like
proportion of the interest at 4 p. c. on $2,000,000 plus the amount expended for necessary
improvements since January 1, 1886. Provision is made for cars of either company to be
hauled by the trains of the other, in order to reduce expenses. The trackage agreement
will expire by limitation on May 12, 2079, but may be terminated by this company after
May 12, 1980. (See MANUAL for 1895, page 50.)
The Ellenville and Kingston RR. Co. was organized in March, 1900, to build an
extension of the Ellenville Branch of this rotid from Ellenville to Kingston, N. Y., a
distance of 27.14 miles. Construction was begun in July, 1901, and the road was opened
throughout on Dec. 15, 1902.
The Port Jervis, Monticello and ffew York RR., the control of which was acquired
in 1900, was sold under foreclosure on December 3, 1902, and was bid in for this com-
pany. On December 6, 1902, the Port Jervis, Monticello and Summitville RR. Co., all of
POOR S MANUAL — NEW YORK, ONTARIO AND WESTERN RY. CO.
131
whose stock and bonds are owned by the New York, Ontario and Western Ry. Co., was
organized to take title to the property. The road extends from Port Jervis to Monti-
cello, N. Y., 23.75 miles, and from Huguenot to Summitville, N. Y., 17.3 miles. In con-
nection with the Ellenville Branch and the Ellenville and Kingston RR., it forms a
through line between Port Jervis and Kingston. It has been operated by the New York,
Ontario and Western Ry. Co. since December 22, 1902. It is proposed to consolidate the
Ellenville and Kingston RR. Co. with the Port Jervis, Monticello and Summitville RR. Co.,
and the entire amount of stock and bonds to be issued by the consolidated company will
be owned by the New York, Ontario and Western Ry. Co.
3. Coal Traffic. — The output of anthracite coal mines tributary to this company is
estimated at from 2,500,000 to 3,000,000 tons annually. The transportation of practically
all this tonnage is secured to this railroad by contracts made with the Scranton Coal Co.
and the Elk Hill Coal and Iron Co. The terms of these contracts are outlined in the
MANUAL for 1901, on page 138.
The following statement shows the tonnage of anthracite coal hauled by the com-
pany, and the revenue derived from such traffic, in each fiscal year since the opening
of the Scranton Division on July 1, 1890:
1891..
1892..
Net Tons. Revenue.
$
. 811,485 782,218
.1,120,416 1,127,456
1893.... 1,352,225 1,436,539
1894. .
1895. ,
Net Tons. Revenue.
I
.1,642,063 1,753,874
.1,715,991 1,581.227
1896. .... 1,673,861 1,588,424
Net Tons. Revenue.
S
1897 1.653,596 1,722,936
1898 1,605,508 1,666,242
1899 1,991,987 1,923,502
Net Tons. Revenue.
$
1900 2,157,553 2,223,463
1901 2,361,026 2,546,918
4. Rolling Stock, June 30, 1902. — Locomotives, 144. Cars — passenger, 119; bag-
gage, mail and express, 28 ; freight (box, 605; flat, 642; stock, 64; coal, 5,512; milk, 67;
caboose, 64), 6,954; service cars, 98 — total, 7,199. Seven of the locomotives; eight passen-
ger cars and 625 coal cars are covered by equipment trusts.
5. General Income Account, year ending June 30, 1902.
Earnings —Passenger $892,427 05
Freight 4,358,186 17
Mail and Express 127,542 88
Miscellaneous 78,53993
Expenses -Maint. of Way and Struct. . $894,384 19
Maintenance of Equipment. 746,946 07
Conducting Transportation . 2,228,484 78
General Expenses 146,480 89
Total ($11,357.23 per mile) $5,456.69603 Total ($8,359.27 per mile) $4,016,29593
Net earnings (26.4 p. c.), $1,440,400.10; other receipts, $511,975 — total, $1,952,375.10.
Payments: Interest on funded debt, $677,480; taxes, $141,458.27; lease rentals, $197,-
446.37; interest and discount, $277,031.59— total, $1,293,416.23. Surplus, $658,958.87;
surplus forward, $5,069,399.92 ; repayment on account of advances to 0., C. & S. Ry. Co.,
etc., $37,000— total, $5,765,358.79. Deduct sundry charges, $2,121.58. Balance, surplus
June 30, 1902, $5,763,237.21.
6. General Balance Sheet, June 30, 1902.
Franchises and Property $71,625,222 58
Trust Equipment 456,00000
Preferred Stock Redemption Fund 4,000 00
Investments in Other Companies 12.833.618 08
Materials and Supplies 381,78936
Loans and Bill? Receivable 120,699 64
Current Accounts 1,552,41288
Cash on Hand 530,11001
Total Assets $87,503.852 55
Common Stock Paid in ($100 shares) .$58,113,982 84
Preferred Stock Paid in ($100 shares) 4,000 00
Funded Debt Outstanding 16,937,00000
Loans and Bills Payable 5,525,00000
Equipment Trust Notes 456,000 00
Current Liabilities 704.63250
Profit and Loss 5,763.237 21
Total Liabilities $87.503,852 55
7. Preferred Stock and Voting Trust. — The total issue of preferred stock amounted to
$2,000,000, but $1,996,000 of It was exchanged for 1st mtge. bonds. The exchanged preferred stock
is held alive in a voting trust, and elects eight of the thirteen directors, this right to continue until
a dividend shall have been earned and paid on the common stock.
8. Funded Debt. — The funded debt consists of ($20,000,000 auth.) refunding 1st gold 4s of
June 1, 1992. The unissued bonds are reserved for future requirements. Coupons for the period
ending Sept. 1, 1942, are attached to the bonds, and subsequent coupons will be attached on and
after that date. The bonds are a first lien on the entire property of the company, and are addition-
ally secured by deposit of all the 1st mtge. bonds, and $1,495,000 out of a total of $1,500,000 capital
Btock, of the Ontario. Carbondale and Scranton Ry. Co.
132
POOB'8 MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
9. Loan* and Bills Payable. — The amount outstanding on June 30, 1902, consisted of
$2 250.0OO 5 p. c. 12-yr. $1.000 gold notes, and $3,275,000 5 p. c. sinking fund 1st lien 15-yr.
$1.0OO gold notes. The 12-yr. notes were issued in 1899 to the amount of $2,500,000 to enable the
Scranton Coal Co. to purchase the anthracite coal property of the Lackawanna Iron and Steel Co.
They are secured by first mortgage of the Scranton Coal Co., and mature $100,000 each half year to
Feb 1 1904. $125.000 each half year from Aug. 1. 1904, to Feb. 1. 1909, and $150.000 each half
year from Aug 1 19O9, to Feb. 1. 1911. To enable the Scrantou Coal Co. to complete the purchase
this company made a loan of $1.475.000 ($305.000 thereof repaid to June 30, 1902), which is se-
cured by second mortgage on the Scranton Coal property. The 15-yr. notes are secured by deposit
of first bond and mortgage covering the entire property of the Elk Hill Coal and Iron Co. They
mature $75,000 e-.ery half year to Dec. 1. 1910, and $200,000 every half year from June 1, 1911, to
Dec 1, 1915. Interest Is payable on the 1st of June and Dec. ; principal and interest payable in
gold free of all taxes. The notes are in coupon form, but may be registered as to principal alone
or as to both principal and Interest. It is provided that if the New York. Ontario and Western Ry.
Co shall make any new mortgage upon its property these notes shall be equally and ratably se-
cured parl passu with the obligations to be issued under and secured by such mortgage. Trustee :
Morton Trust Co., New York, N. Y.
10. Statement of operations, capital account, etc., for seven fiscal years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
Mile Rood Worked
476.77
849,479
1,361,917
630,521
480.46
826,479
1,267.103
662,659
480.46
842.960
1,116,404
668.642
480.46
857.771
1,315,192
690,197
480.46
803,000
1,395,618
738,177
480.46
885.607
1,450.958
744.239
480.46
900,705
1,562,409
753.172
Freight Train Miles.
Mixed Train Miles
2,841,917
849,583
31,366,468
2.524,622
356,414,070
$
654.067
2,960,595
164,674
2,756.301
808,811
30,827.936
2,492,056
353,100,732
$
638,659
3,075,505
180,239
2.628,006
872,032
32,007,644
2,479,292
354,127,528
$
641,679
3,090,280
182,676
2,863,160
1.064,441
40,561,436
2,935,416
410,413,877
709,266
3.462,138
174,759
2,996,795
1,213.291
44,174,576
3.416,606
486,442,640
$
787.899
3,970,114
205,470
3,080,804
1,312,572
46,r.sx,-i2s
3,.iOS..Vls
516,135,284
$
855,201
4,269.307
198,375
3,216,286
1,386,039
49.715,289
3,612.487
541,789.449
$
892.427
4,358.186
206,083
Freight (ton) Miles.
Total Earnings
3,779,336
2,585,909
3,894,403
2,655,859
3,914,635
2,688,777
4,346,163
2,835,861
4,963,483
3,279,629
5,322,884
3,638,341
5,456,696
4,016,296
1,193.427
81,465
1.274.892
112.650
181.302
605.371
1,238,544
82,800
1,321,344
124,637
183,263
613,533
1.225.858
86,746
1,312,604
112.865
182,279
615.000
1,510,302
167,918
1,678,220
134.249
186,081
671,526
1,683,854
273,692
1,957,546
135.289
192,282
770,951
1,684.543
417,244
2,101,787
138,796
197,534
886.225
1,440,400
511.975
1,952,375
141,458
197,446
954.512
Other Receipt*
Net Income.
Taxes.
Interest and Other Charge
Total Payments.
899.323
375,569
7.926.96
5.423.81
2,503.15
68.42 p. c
2.08 c.
0.83 c.
318.77
426.33
133
98
25
6.362
$
•>s.ll«,«JK3
13.725.000
1.707.381
2.296.427
921,433
399.911
. 8,105.57
5,527.74
2.577.83
68.20 p. c.
2.07 c.
0.87 c.
318.77
427.75
133
98
25
6.362
58.118,983
13,975.000
1,216,289
2,681,087
910,144
402,460
8,147.68
5.596.25
2.551.43
68.08 p. c.
2.01 c.
0.87 c.
318.77
431.04
133
100
24
6.361
$
58.118,983
13.975.000
943.702
2.611.173
991, 856
686,364
9.045.84
5.902.39
3,143.45
65.25 p. e.
1.75 c.
0.79 c.
318.77
436.19
133
103
24
6,317
58,118,983
17,037,000
1,521.196
3.264,3%
1,098,522
859.024
10,330.69
6,826.02
3.504.67
66.08 p. c.
1.78 c.
0.82 c.
318.77
440.3S
133
110
26
6.329
58.118.983
17,937,000
1,519,597
4,152,513
1,222.555
879.232
11.078.72
7,572.62
3,506.10
68.35 p. c.
1.83c.
0.83 c.
318.77
446.19
140
117
29
6,942
58,118,983
23,244,000
794,367
5,069,400
1,293,416
658.959
11,357.23
8,359.27
2,997.96
73.60 p. c.
1.795c.
0.804 c.
318.77
452.42
144
119
28
0,954
58,117.983
22,918.000
704.633
5,763,237
Gross Earnings per Mile
Expenses to Earnings
Miks of Railroad Owned ..
Miles of Track Owned
l':!s.-*-iy*'-r(!arji
RaoOTe, «*• (Vi , , ,
Freight Ckrs..
Capital Stock...
Fn»ded «ad Mortgage Debt
Current Debta.
Profit and IXHL
Total Liabilities. .
75 848 791
75.991.359
69,886,996
3,357,003
219.210
2.528,150
75,648,918
70.108,773
3,472.800
230.111
1.837.234
80,841,575
70.872,017
7,411.567
164,915
2.393.076
81,728,093
71.007,762
7,174,567
451,563
3,094,201
87,226,750
71,769,669
13.101,617
456,169
1,899,295
87.503,853
72,081,223
12,837,618
3S1.789
2,203,223
It-'uWid -aid I'<|ui|>mrnt
69.626.397
3,435.936
303.03
2.483.427
Oilier InvevtmefitA . .
MaleriafaandPnd. ..
CMhaodOtfcerAMto.
Total Awets.
75 848,791
75.991,359
75.648.918
80,841,575
81,728,093
87.226.750
87,503,853
II. i:.|"i|-m< in i i-iiKt NoteM — Issued under date of March 1, 1901, and payable in ten
half yearly Installments, with Interest at the rate of 4i p. c. per annum, payable March and Sept,
POOR'S MANUAL — NEW YOKK, ONTARIO AND WESTERN RY. CO.
133
at the office of the trustee, Manhattan Trust Co., New York, N. Y. Principal and interest are pay-
able in gold. Secured on 7 locomotives, 8 passenger cars, and 625 coal cars.
12. Investments in Other Companies. — These consist of the following: $1,500,000
capital stock and $1,500,000 mtge. bond of Ontario, Carbondale and Scranton Ry. Co. ; $2,250,000
1st mtge. bond and $1,170,000 2d mtge. bond of Scranton Coal Co.; $3,275,000 1st mtge. bond
and $2,400,000 2d mtge. bond of Elk Hill Coal and Iron Co. ; $70,000 capital stock of Wharton
Valley Ry. Co. ; $40,000 capital stock of Pecksport Connecting Ry. Co. ; and sundry shares and
bonds of the total amount of $628,618.08.
13. RAILROADS LEASED BY NEW YORK, ONTARIO & WESTERN RAILWAY COMPANT.
ONTARIO, CARIJONDALE AND SCRAN-
TON RY Cadosia, N. Y., to Scranton, Pa.,
53.66 m., total track (steel; 67 IDS.), 96.48 miles.
HISTORY. — Chartered Oct. 3, 1889; road
opened July 1, 1890. Leased to the N. Y., O. &
W. Ry. Co. for 99 years from July 1, 1890, the
lessee to pay interest on bonds and a rental equal
to 5 p. c. of the gross earnings.
INCOME ACCOUNT. — Rental, year ending
June 30, 1902, $118,696. Expenses and taxes, $2,-
872 ; interest on bonds, $75,000. Surplus, $40,824.
BALANCE SHEET, June 30, 1902. — Capital
stock, $1,500,000: funded debt (1st 5s of Dec. 1,
1939), $1,500,000; unfunded debt, $494,139; income
balance, $327,981 — total, $3,822,120. Contra : Cost
of property, $3,809,078 ; other assets, $13,042 — total,
$3,822,120.
CORPORATE OFFICERS. — T. P. Fowler,
Pres. ; R. D. Rickard, Sec. & Treas., New York,
N. Y. Offices, Scranton, Pa., and 56 Beaver St.,
New York, N. Y.
PECKSPORT CONNECTING RY Near
Pecksport to near Morrisville, N. Y., 3.69 m. ;
total track (steel; 76 Ibs.), 4.22 miles.
HISTORY. — Chartered April 29, 1896; road
opened Sept. 13, 1896. Controlled and operated
by the " Ontario " Co.
FINANCIAL STATEMENT. — Capita! stock,
$40,000. Cost of road to June 30, 1902, $80,060. The
" Ontario " Co. owns the entire capital stock of
this company, and will receive its mortgage
bonds when issued.
CORPORATE OFFICERS. — James E. Childs,
Pres ; R. D. Rickard, Treas. ; A. L. Parmelee,
Sec., New York, N. Y. Office, 56 Beaver St., New
York, N. Y.
ROME AND CLINTON RR Rome to Clin-
ton, N. Y., 12.78 m. ; total track, 13.89 miles.
Rail (steel, 12.78 m.), 50 to 67 Ibs.
HISTORY. — Chartered June 3, 1869; road
opened Jan. 15, 1872. Leased in perpetuity to the
Delaware and Hudson Co. at an annual rental of
$22,375 and taxes. Operated by the N. Y., O. & W.
Ry. Co., under contract terminating 35 years
from June 1, 1886.
INCOME ACCOUNT. — Rental, year ending
June 30, 1902, $22,375. Expenses and taxes, $786.
Net income, $21,589. Paid dividends (6i p. c.),
$21,581. Surplus, $8. Capital stock, $345,360;
other liabilities, $59; profit and loss, $14,902 —
total, $360,321. Contra: Cost of road, $360,000;
other assets, $321 — total, $360,321.
CORPORATE OFFICERS. — Clinton Scollard
Pres., Clinton, N. Y. ; W. H. Fuller, Vice-Pres.,
Rome, N. Y. ; C. D. Hayes, Sec. & Treas., Clinton,
N. Y. Office, Clinton, N. Y.
UTICA, CLINTON AND BINGHAMTON
RR — Utica to Randallsville, N. Y., 31.30 m. ;
total track, 41.30 miles. Rail (steel, 31.28 m.),
62 Ibs.
HISTORY. — Organized March 25, 1868; road
opened June 22, 1872. Leased in perpetuity, Dec.
4, 1889, to the Delaware and Hudson Co., at a
rental of $61,500 per annum, the lessee guaran-
teeing principal and interest of bonds. On Juno
1, 1886, this road and the Rome and Clinton RR.
were subleased to the " Ontario " Co., for 35
years, at a minimum rental of $75,000 yearly for
both. The street railroad of this corporation is
leased to the Utica Belt Line Street RR. Co.,
now controlled by Utica and Mohawk Valley RR.
(See statement elsewhere.)
INCOME ACCOUNT. — Rental, year ending
June 30, 1902, $76,500. Interest on bonds, $40,000 ;
dividends (5 p. c.), $34,341; sinking fund, etc..
$1,877— total, $76,218. Surplus, $282.
BALANCE SHEET, June 30, 1902. — Capital
stock $849,285 ; funded debt ( 1st 5s of July 1,
1939), $800,000; unfunded debt, $25,000; profit and
loss, $55,049 — total, $1,729,334. Contra: Cost of
road, $1,690,566 ; accounts receivable, $25,000 ; cash.
$13,768 — total, $1,729,334. The bonds are secured
by a mortgage on both street and steam roada.
CORPORATE OFFICERS. — James I. Scollard,
Pres., Clinton, N. Y. ; C. S. Symonds, Sec. &
Treas., Utica, N. Y. Office, 157 Genesee St.,
Utica, N. Y.
•WHARTON VALLEY RY June. Berlin
Br. to Edmeston, N. T., 6.8 m. ; total track (steel ;
50 Ibs.), 7.44 miles.
HISTORY.— Chartered June 12, 1888; road
opened Feb. 1, 1889. Leased for 99 years from
Oct. 1, 1888, to the N. Y., O. & W. Ry. Co., the
lessee guaranteeing the bonds, principal and in-
terest, and paying $500 yearly for organization
expenses. (See Manual for 1893, page 475.) The
lessee owns all of the capital stock.
INCOME ACCOUNT. — Rental, year ending
June 30, 1902, $3,750. Interest on bonds, $3,750.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $70,000; funded debt (1st 5s
of Nov. 1, 1918), $75,000; unfunded debt, $625 —
total, $145,625. Contra : Cost of property, $145,-
000 : other assets, $625 — total, $145,625.
CORPORATE OFFICERS. — T. P. Fowler,
Pres. ; R. D. Rickard, Sec. & Treas., New York,
N. Y. Office, 56 Beaver St., New York, N. Y.
14. CONTROLLED RAILROADS OPERATED AS FROM JANUARY 1, 1903.
ELLENVILLE & KINGSTON RR Ellen-
villo, N. Y., to Kingston, N. Y., 27.14 m. ; total
track (steel; 67 lb:;.), 21.58 miles. Chartered
March 29, 1901 ; road opened Dec-ember 22, 1902.
Controlled and operated by the " Ontario Com-
pany." Capital ftocb, $300,000. Cost of road to
April 30, 1903, $858,841. The Ontario Company
owns the entire capital stock of this company,
and will receive its mortgage bonds when issued.
T. P. Fowler, Pres. ; J. E. Chilrts, Vice-Pres. &
Oen. Mgr. ; R. D. Rickard, Sec.-Treas., New
York, N. Y. Offices, 56 Beaver St., New York,
N. Y.
PORT JERVIS. MONTICELLO & SUM-
MITVIL.LE RR. — Port Jervis, N. Y., to Monti-
ceJlo, N. Y., 23.75 miles ; Huguenot Junction,
N. Y, to Summitville, N. Y., 17.30 miles; total
track (steel ; 56 and 67 Iba.), 44.60 miles. Char-
terod December 6, 1902 ; road opened December
22, 1902. Controlled and operated by the " Ontario
Company." Capital stock, $110,000. Funded debt,
$327,000 The " Ontario Company " owns both
issues. J. C. Anderson, Pres. ; A. L. Parmelee,
Sec.-Treas., New York, N. Y. Offices, 56 Beaver
St., New York, N. Y.
134 POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROII1.
15. Board of Htr,rl<,rs, AT. Y., 0. <t W. Ry. Co., elected September 24, 1902.
THOMAS P. FOWLER, Chairman of Board NY\v York, N. Y.
n. D. Ashley.. New York. N. Y.
• I. Blair....
H \V. Cannon.
P. R. CuIbert..Newburgh. N. Y.
C. M. Depew..New York. N. Y
T. P. Fowler..
O. L. Hoyt....
John B. Kerr. .
Harry Pearson. . .London, Bng.
Joseph Price "
Albert S. Roe. .New York, N. Y.
O. B. Schley. .
Charles S. Whelen Philadelphia, Pa.
THOMAS P. FOWLER, President New York, N. Y.
Joseph Price, V ice-President • London, Eng.
John B. Kerr, Vicr-l'i-cvident and General Counsel. . . .New York, N. Y.
Sec. d Trcas. — R. D. Rickard..New York, N. Y. | Gen. Mgr. — James E. Childs New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 56 Beaver St., New York, N. Y.
( Mlice in London . . 5 and 6 Great Winchester St., E. C.
PITTSBURG, SHAWMUT AND NORTHERN RAILROAD COMPANY (THE).
1. Mileage Operated, June 30, 1902. — A. OWNED ABSOLUTELY (total, 121.89 miles).
Wayland Dirinion : Wayland to Angelica, N. Y 34. 61 miles.
oh.nt IHrittion: Bolivar to Olean, N. Y 18.00
M t. Jcicitt Division : Mt, Jewett to Coryville, Pa 23 . 61
xhaicmut Division : Clermont to Hydes, Pa 45 . 67
B. PROPRIKTAUY ROAD: Clarion River Ry.: Croyland to Hallton, Pa 12.00
O. LEASED LINES (22.72 miles) :
Rochester, Hornellsville & Lackawanna RR.: June, to Hornellsville, N.Y. 10.58
Kersey RJf. : Paines Junction to Weedsville, Pa 12 . 14
D. TRACKAGE RIGHTS (11.22 miles) :
Erie RR. : Hydes to Shawmut, Pa 4 . 85
Erie RR. : Brockport to Brockwayville, Pa - 3 . 97
Pennsylvania RR. : Coryville to Larabee, Pa 2 . 40 "
Total length of lines operated, June 30, 1902 167 . 83 miles.
Sidings (owned, 27.12 m.), 37.72 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 56 to 85 Ibs.
2. History.— Consolidation, August 1, 1899, of the Mill Creek Valley RR., Buffalo,
St. Mary's and Southwestern RR., Mount Jewett, Clermont and Northern RR., Smethport
and Olean RR., Central New York and Western RR., and Central New York and Northern
RR. The Mt. Jewett Division was extended in 1900 from Smethport to Coryville, Pa., a
distance of 7.47 miles. The gauge of the Olean Division was broadened to the standard on
December 27, 1901. In March, 1903, construction was in progress on three new lines
aggregating 33.23 miles in length (Bolivar to Angelica, 23.2 m. ; Clermont to Kasson,
7.76 m.; State Line Junction to Olean Junction, 2.27 m.), to be completed in July, 1903.
The main line as projected is to extend from the coal fields of Jefferson County, Pa., to
Macedon, N. Y., about 250 miles. The company owns the capital stock of the Shawmut
Mining Co., and of the Kersey Mining Co.
3. Rolling Stock, June 30, 1902.— Locomotives, 20. Cars — passenger, 17; baggage,
mail, and express, 3; freight (box, 552; fiat, 82; coal, 2,300, 500 leased), 2,934; caboose,
8; service, 28 — total, 2,990.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 157,225;
freight, 63,330; mixed, 115,028; other, 40,353— total, 375,936 miles. Passengers carried,
244,105; carried one mile, 2,483,794; average mile rate, 2.732 cents. Tons freight moved,
1,093,601 ; moved one mile, 21,391,493; average ton-mile rate, 2.042 cents.
KARMNO& 1900-01 1901-02
$62.52445 $67.85612
Freight. 377,972 24 436,858 70
MiiliadExpKM 9,52332 10,44771
MiwdUneoui 56,76876 79,58744
EXPENSES. 1900-01 1901-02
Maint. of Way and Structures. $67.409 19 $85.860 62
Maintenance of Equipment 56,505 36 72, 186 63
Conducting Transportation 125,081 40 165.961 74
General Expenses. 21,55890 24.13973
Totals... .. $270,55485 $348,14872
Averages per Mile 1,66597 2,07441
Net earnings, 1901-02 (41.46 p. c.), $246,601.25; other receipts, $8,260.75— total,
$254,882. Payments: Interest on funded debt, $300,000; other interest, $28,08; taxes,
ToOk $506,788 77 $594,749 97
3,12062 3,543 76
POOR'S MANUAL — PITTSBDRG, SHAWMUT AND NORTHERN RR. CO. 135
$16,879.56; net loss operation of coal properties, $1,900.34 — total, $318,861.98. Deficit,
$63,999.98; surplus forward ($119,891.15, less charged-off accounts, $7.20), $119,883.95;
net surplus, $55,883.97.
5. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $10,942,04766
Stocks of Other Companies 1,500,00000
Materials and Supplies.
Due by Agents
Current Accounts.
Cash on Hand
52,013 50
6,882 98
589,809 61
24,198 60
Total Assets $13,114,952 35
Cap. Stk. ($15,000,000 auth. ; par $100) $6,000,000 00
Funded Debt Outstanding (see Sec. 6) 6,000,000 00
399,16743
283,175 00
20,07809'
356,64786
55,883 97
Total Liabilities... ......... $13,114,95235
Current Liabilities
Interest Accrued and Due.
Taxes Accrued and Due
Car Trust Notes
Profit and Loss
6. Funded Debt. — The funded debt of the company originally consisted of $6,000,000 1st
gold 6s of Feb. 1, 1949. On Jan. 15, 1902, the company offered to the holders of those bonds the
option of funding the Interest due on them for two years ending Aug. 1, 1903, in new 4 p. c. 60-yr.
gold bonds bearing interest from Feb. 1, 1902, and of exchanging their bonds at par for similar new
4 p. c. bonds bearing Interest from Aug. 1, 1903. Up to March 1, 1903, the offer had been accepted
by the holders of $5,836,000 of the bonds, leaving only $164,000 of them unassented. At the same
time there had been issued, or provision had been made for Issuing, $6,419,600 of the 4 p. c. bonds.
The authorized issue of the 4 p. c. bonds is $15,000,000, of which $6,600,000 will be absorbed by the
refunding of the 5s, while the balance will be used in completing and extending the railroad, acquir-
ing additional coal lands and improving and developing the property generally. The bonds issued
for refunding will be designated Series A, and those issued for other purposes Series B. It is pro-
vided that until the entire $6,000,000 of 5 p. c. bonds shall have been deposited under the agree-
ment, such of them as are deposited shall be held by the trustee (Central Trust Co. of New York)
as security for the outstanding 4 p. c. bonds, and In the event of a default on the latter the payment
of the 5 p. c. bonds shall be enforced. The 5 p. c. bonds are secured on the property of the railroad
company and on the property of the Shawmut Mining Co., including 13,814 acres of coal land in Elk
County, Pa. In addition to the properties covered by the 5 p. c. bonds, the 4 p. c. bonds cover the
Kersey RR. and the property of the Kersey Mining Co., including about 15,000 acres of coal land in
Elk and Clearfleld counties, Pa. Besides these properties in Elk and Clearfleld counties, the com-
pany has caused to be acquired in its interest additional coal lands in Jefferson County, and it is the
purpose of the management later to extend the road southward to these coal fields and northward
from Wayland to Macedon 'on the New York Central System. The stock of the mining companies is
owned by the railroad company and Is deposited with the trustee as a further security for the rail-
road company's bonds.
7. RAILROADS LEASED BY THE PITTSBUBG, SHAWMUT AND NORTHERN RR. Co.
CLARION RIVER RY Croyland to Hall-
ton, Pa., 12 miles. Rail (steel), 60 Ibs. Chartered
Dec. 17, 1889. The Pittsburg, Shawmut and
Northern RR. Co. owns the entire capital stock
of this company. Capital stock, $120,000, repre-
senting cost of road, $104,170, and equipment,
$15,830.
CORPORATE OFFICERS.— -F. P. Byrne, Pres.
& Gen. Mgr. ; H. S. Hastings, Sec. & Treas., St.
Mary's, Pa. Office, St. Mary's, Pa.
JKERSEY RR Paine to Byrne, Pa.. 9.48 m. ;
branch, Byrne to Cherry Run, Pa., 2.90 m. —
total, 12.38 m. ; total track (steel; 85 Ibs.), 18.95
miles. Chartered May 13, 1900 ; road opened May
1, 1901. Capital stock, $100,000, representing cost
of road.
CORPORATE OFFICERS. — J. K. P. Hall,
Pres., Ridgway, Pa. ; Andrew Kaul, Vice-Pres. ;
Geo. C. Simons, Sec. & Troas., St. Mary's, Pa.
Office, St. Mary's, Pa.
ROCHESTER, HORNEL,L,SVILI,E AND
I.ACKAWANNA RR. — Hornellsville to Hor-
nellsville Junction, N. Y., 10.58 m. ; total track
(steel; 56 Ibs.), 12.81 miles. Chartered June 9,
1886. Cost of road to June 30, 1902, $60,000. H. S.
Hastings, Aud. for Lessee, St. Mary's, Pa.
8. Board of Directors, The Pittsburg, Shawmut and Northern RR. Co., elected Jan. 12, 1903.
Newell C. Knight. .Chicago, 111. L. F. Wilson.. ^ew York, N. Y.
Wm. W. Clark.. Wayland, N. Y. H. M. Gough..
F. S. Smith Angelica, N. Y. Geo. C. Atkins. .Bayonne, N. J.
C. E. Barrett.. New York, N. Y.
John Byrne... New York, N. Y.
F. H. Davis...
G. B. Sheppard
F. H. Ridgway
Edwin E. Tait Bradford, Pa.
JOHN BYRNE, President New York, N. Y.
Frank Sullivan Smith, V ice-President and General Counsel, Angelica, N. Y.
D. F. Maroney, Vice-Pres. (in charge transp. and traffic) St. Mary's, Pa.
Secretary — Lewis F. Wilson — New York, N. Y.
Aftst. Sec. — Frederic W. Frost. . .
Treasurer — Harry M. Gough New York, N. Y.
Asst.Treas.JcAud. — II. S. Hastings. .St. Mary's.Pa.
PRINCIPAL OFFICE AND ADDRESS . . 45 Wall Street, New York, N. Y.
READING COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Advances to Subsidiary Cos. 10
Bonds and Int. Guaranteed.. 11
Bonds and Stocks Owned ... 12
Capital Stock, Description of 7
Car and Equipment Trusts. . 9
Cent. RR. of N. J., Interest in 3
Coal Interests 3
Consolidated Income Acct... 5
Directors and Officers 13
Earnings, Expenses, etc 5
Funded Debt, Details of 9
Gen. Bal. Sheet, June 30, 1902 6
History 2
Income Acct., Years 1901-1902 5
MileascR of System, 1803-1902. 1
Norrk-t'n & Main Line Conn.
RR. . .4
Operat's & Earn., 1893-1902. . . 8
Permanent Invest, Descp. of 3
Preferred Stock, Rights and
Limitations 7
Railroads Controlled 1
Stocks and Bonds Owned — 12
Sub'd'ry Cos. Claims Against 10
Voting Trust 7
136
POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC CROUP.
1. Mileage of Controlled Railroads.— Statement showing the mileage of rail-
roads mvwd and controlled by Reading Company June 30, 1902.
Main
Track
Second
Track
Third &
Other
Tracks
Hidings
and
Laterals
Total
Track
M.
1,003.33
M.
425.00
M.
13.10
M.
955.93
M.
2,397.36
Atlantic Cit v RR
167.56
56.69
39.44
263.69
Catasauqua & Fogelsville RR
29.50
7.59
37.09
Chester i Delaware Kiver RR. .
5.35
6.74
12.09
676 99
261.59
65.45
485.35
1 489.38
Gettysburg vt Harrisburg Ry
34.07
6.60
40.67
Midillctown A Hummdfttown RR
6.35
2.03
8.38
North East Perm- vlvania Kit
li.r> C.4
1.91
4.50
32.05
Perkiornen RR
38.33
12.07
50.40
Philadelphia & Frankford RR
2.59
1.50
4.09
Philadelphia & Chester Valley RR
23.93
4.51
28.44
Philadelphia, Ncwtown <fc New York RR
21.71
3.45
25.16
Port Reading R R
21.21
31.69
52.90
Reading Belt RR. . . •
7.38
6.33
1.22
14.93
Reading & Columbia RR. . . .
59.73
15.21
74.94
Rupert A Bloomsburg RR. .
1.57
0.71
2.28
Stony Creek RR ...
10.07
3.67
13.74
Tamaqua, Hazlcton & Northern RR
9.91
1.43
11.34
Total
2,145.22
751.52
78.55
1,583.64
4,558.93
Statement of the mileage of the system at the close of each fiscal year for ten years.
LINES OF ROAD
SECOND, SIDE, & OTHER TRACKS
AGGREGATE TRACK
P.AR.
Leased
Lines
Cont
Roads
Total
r.&R.
Leased
Lines
Cont.
Roads
Total
P.AR.
Leased
Lines
Cont.
Roads
Total
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
1803. .
327.00 553.90
289.30
.170.20
598.70
595.90
134.80 1,329.40
925.70 1,149.80 424.10 2,499.60
1894. .
327.00 553.90 291.90
.172.80
606.90
600.50
135.00 1.342.40
933.90 1,154.40 42G.90 2,515.20
1895. .
327.00 553.90
277.90
.158.80
613.80
604.10
133.20 1,351.10.
940.80 1,158.00 411.10 2,509.90
18%. .
327.00 553.90 277.50 ; 158.40
613.40
606.50
137.40 1.357.30
940.40 1.160.40 414.90 2,515.70
1897*.
327.00 553.90 277.50 ,158.40
634.30
607.30
137.70 1,359.30
941.30 1.161.20 415.20
2,517.70
1898*.
365.23 548.48 452.79 1,366.50
598.55
601.42
171.05 1,371.02
963.78
1,149.90 (523.84 2,737.52
1899*.
36.V23 549.85i 541.56 1,456.64
612.06
617.92
205.37 1,435.35
977.29
1.167.77 740.93 2.891.99
1900*.
365.55 634.04 453.46 1,453.65
639.22
662.82
178.09 1,480.13
1,004.77 1,297.46 631.55
2.933.78
1901*.
3fi5.55
634.76| 454.95 1.455.36
664.23
691.09
189.47 1,544.79
1,029.78
1,325.85 644.42
3,000.05
1902*.
365.61
637.72
1.14189 2,145.22
689.68
704.35
1,019.68 2,413.71
1,055.29
1,342.07
2,161.57
4.558.93
•Years ending June 30 ; previously the fiscal years ended Nov. 30.
2. History. — Incorporated as Excelsior Enterprise Co.. May 24, 1871. Name changed
to National Company, January 18, 1873, and to Reading Company, December 7, 1893 (see
MANUAL for 1898, page 710).
3. Permanent Investments.— The company owns practically the whole capital
stock of the Philadelphia and Reading Ry. Co. and of the Philadelphia and Reading Coal
and Iron Co. It also owns the $20,000,000 purchase money mortgage bonds issued by the
Philadelphia and Reading Ry Co., together with the railway and marine equipment, and
all the real estate of the old Philadelphia and Reading RR. Co., which was not appurte-
nant to the railroad itself. The equipment is leased to the Philadelphia and Reading Ry.
Co., which agrees to keep unimpaired its carrying capacity and its working efficiency.
An inventory of this equipment is given in the statement for the Philadelphia and Reading
Ry. Co., Sections 5 and 6.
In addition to its interest in the stock and bonds of the P. & R. Ry. Co. and in the
-lock of the P. 4, R. C. & I. Co., the Reading Company is also interested in the securities
of various other railroad companies closely identified with the Reading System, and owns
practically all the stock of the Reading Iron Co.
The Reading Company owns more than 53% p. c, of the capital stock of the Central
RR. Co. of New Jersey, and together with that company owns or controls about 63 p. c. of
all the unmiiK d anthracite coal in the State of Pennsylvania.
POOR S MANUAL — HEADING COMPANY.
137
4. Norristown and Main Line Connecting RR. Co. — The connection
between the main line of the Philadelphia and Reading Ry. and its Philadelphia,
Germantown and Norristown Branch, in the vicinity of Norristown, has never been
satisfactory, because it is made by means of a wooden bridge, which is constantly
in danger of fire, and also because the passenger trains by way of the Philadelphia,
Germantown and Norristown Branch for main line points do not pass through Norristown.
Years ago land was acquired in Norristown with a view to making the connection at a
point which would be more favorable for the traffic, but, for various reasons, the work
of construction was from time to time postponed. During the year ending June 30, 1902,
the Norristown and Main Line Connecting RR. Co. was organized to construct the con-
nection upon the land provided and to build the necessary bridges. The work was
commenced early in the present fiscal year (1902-03) and will be finished early in 1903.
The capital stock of the Norristown and Main Line Connecting RR. Co., amounting to
$50,000, has been subscribed for by Reading Company, and the balance of the money
required to complete the work will be raised by an issue of $250,000 1st mortgage 4 per
cent, bonds, to be guaranteed by Reading Company, which have been sold.
5. Consolidated Income Account.— The following is a consolidation of the
income accounts of the Reading Co., Philadelphia and Reading Ry. Co., and Philadelphia
and Reading Coal and Iron Co., for the year ending June 30, 1902, and comparison with
the year ending June 30, 1901 :
1900-01
1901-02
1900-01
1901-02
Income from P. & R. Ry. Co:
Int. on Purch. Money Mtge . . .
$
1,200,000 00
J
1,200,000 00
Expenses Reading Co
$
61,507 16
S
82 347 93
575,621 30
457,833 23
Expenses P. & R. Ry. Co
18,566 352 07
18,769 998 91
Rent Del. River Wharves
50,00000
1 54200000
50,00000
1 576 000 00
Expenses P. & R. C. 4 1. Co ....
27,993,14892
26,283,20275
£AJ p . .
46 621 008 15
45 135 549 59
Totals
3,367,621 30
3,283,833 23
Net Income
15,'522,'463 35
16,211,64366
Real Estate Rents
9431717
110,15586
Interest and Dividends
1,395,294 08
1,918,12769
Reading Co
3,278,864 86
3,893,83548
2421103
1232
Phila. & Reading Ry Co
9,211,19679
9 519 123 48
PKila * PnirlinffP Ar T Pn
W> 71 d fin
11Q 8^8 VI
Total Receipts Reading Co.
4,881,443 58
28 344 169 72
5,312,129 10
29 515 534 56
Receipts of P & R. C. & I Co
28 917,858 20
26 519,529 59
Totals
12,859,376 30
13,832,817 46
2 663 087 05
2 378 826 20
Gross Receipts
62,143,471 50
61,347,193 25
P
1901-02.
Fixed Charges and Taxes, as above $13,832,817 46
Less income of Reading Co., included In fixed charges of Ry. Co.,
as above 3,283,833 23
Net Fixed Charges and Taxes $10,548,984 23
1900-01.
$12,859,376 30
3,367,621 30
$9,491,755 00
Railroad Equipment $19,792,119 42
Floating Equipment 2,107,66000
Real Estate Owned by the Company 16,962,576 21
Leased Equipment 5,308,25334
Mortgages and Ground Rents 262,41499
Stock and Bonds, P. & R. Ry. Co.... 40,000,000 00
Stock of P. & R. Coal & Iron Co.. 8,000,000 00
Stocks and Bonds, Sundry 70,347,139 03
Phila. & Reading Coal & Iron Co.. 79,002,72056
P. & R. Ry., Acct. Securities Retired 47,500 00
Due by Sundry Companies 858,70813
Cash and Current Assets 733,86415
Sheet, June 30, 1902.
First Preferred Stock $28.000,00000
Second Preferred Stock 42,000,00000
Common Stock 70,000,00000
Funded Debt (see below) 98,976,19059
Contingent Account 1,046,30393
Current Business Debts 228,66918
Accrued Interest and Taxes 645,408 85
Philadelphia and Reading Ry. Co. . 18,837 57
Gen. Mtge. Bonds Purch. & Cancelled 1,267,000 00
Sinking Fund Gen. Mtge. Loan 62395
•Profit and Loss, Surplus 1,239,91171
Total Property and Assets $243,422,94583 Total Liabilities $243,422,94583
•Surplus, June 30, 1901, $1,467,901.31 ; surplus for year ending June 30, 1902, $1,335,945.69
— total, $2,803,847. Deduct : Sinking fund general mortgage loan, $443,935.29 ; dividends paid
(Sept. 10, 1901, and March 8, 1902, $560,000 each), $1,120,000 — total, $1,563,935.29. Net surplus,
$1,239,911.71.
7. Capital Stock. — All of the capital stock (except 2,000 shares of common stock) is de-
posited with Messrs. J. Pierpont Morgan and Frederic P. Olcott, of New York, and C. S. W. Packard,
of Philadelphia, as voting trustees, under an agreement which provides that it shall be held by them
138
POOR'S MANUAL OP RAILROADS— MIDDLE ATLANTIC GROUP.
until the first preferred stock shall have recelred cash dividends of 4 p. c. per annum for two con-
""utiTe years, although the voting trustees may. in their discretion, deliver the stock at any earlier
date Seren semi-annual dividends have been paid on the first preferred stock, lip. c. each lr
March and Sept. 1900 ; 2 p. c. each In March and Sept., 1901. and In March. 1902 ; 1 p. c. in
Oct 1902. and 2 p. c. in March. 1903.
It Is provided that no additional mortgage shall be put upon the property acquired under the
ulaa of reorganization, nor shall the amount of the first preferred stock authorized under said plan
{*> Increased, except with the consent, in each Instance, of the bolder* of a majority of the whole
amount of each class of preferred stock, given at a meeting of the stockholders called for that pur-
pose, and with the consent of the holders of a majority of such part of the common stock as shall be
represented at such meeting, the holders of each class of stock voting separately ; also that the
amount of the second preferred stock shall not be increased except with like consent by the holders
of a majority thereof, and a majority of such part of the common stock ae shall be represented at the
meeting ; except that at any time after dividends at the rate of 4 p. c. per annum shall have been
paid for two consecutive years on the first preferred stock, the company may convert the second
preferred stock at par, one-half Into first preferred stock and one-half into common stock, and may
Increase said classes of stock by the necessary amounts. During the existence of the voting trust
the consent of holders of like amounts of the respective classes of beneficial certificates is also neces-
sary for any increase of stock other than for the purpose Indicated. The Reading Co. reserves the
right to redeem at any time either or both classes of its preferred stock at par in cash, if allowed
by law.
8. Statement of business for ten fiscal years, of the railroad and the coal and iron
property for the years 1893-96, and of all three companies for 1897-1902:
EARMNO«, EXPENSES, ETC., OFTHK
RAILROAD SYS i EM FOR THE TEN YEARS.
TRAFFIC AND JOINT EARNINGS OF THE ENTIRE PROPERTY.
Gross
Earnings.
Working
Expenses.
Net
Earnings.
Pas-
sengers
Carried
One Mile.
Coal
Carried
(Tons of
2.240 Ibe.)
One Mile.
Merchan-
dise
Carried
One Mile.
Output of
Coal from
Lands of
CM A Iron
Co., Tons
2,240 Ibs.
Gross
Receipts.
Net
Income.
1893-Nov.30
1894 .
1895
1806
1897-June 30
MM
1899
1900
1901
1902
$
24.155,895
20.344,775
21.300,575
20.682,676
20,235,294
21.475,242
22,456,193
26,109,734
27.617,421
29.170,378
$
14,087,400
11.27,s.'Jyj
11.628,412
11,304,859
10,796,012
11,142,162
12.281,898
14,534,065
1">,742.WO
16.516.496
$
10,068,495
9,065,786
9.672,163
9,377,817:
9,439,282
10,333,080
10,174,295
11,575,669
11,874,501
12,653,882
240.488,479
233,319,790
233,236,661
229,710,101
225,315,789
1,276,830,598
1,150,390,430
1,275,380,978
1,251,943,568
1.154.533.936
544,165,827
491,873,797
595,236,370
588,620,741
554,265,865
687,213.585
822,615,211
1,004,500,621
1,026,056,531
7,279,914
7,415,932
7,860,011
7,267,975
7,128,616
7,62(1,07(1
8,183,644
9,219,764
9,253,974
8,198,274
S
48,742,764
43,714,142
46,647,557
45,288,160
42,403,581
45,256,624
46,882,908
55,945,935
58,775,850
58,063,360
S
8,677,896
7.32.S.2D2
7,581.007
7,819.707
9,337,491
10.420,364
10,239,061
11,088,544
12,154,842
12,927.810
235.746,932 1,390,656,331
247,221, 152; 1.468.237.195
275,418,845
284,286,512
306,308,981
1,643,836,143
1,703,914,695
1.710.792,217
1,133,015,544
9. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $92,914,190.59, as
per general balance sheet — consisted of the several issues of bonds in the following statement :
167.639,000 00 gen. gold 4s of Jan. 1, 1997.
1,428,190 59 bonds and mtges. on real estate.
600.000 00 D. R. Term gold 5s of May 20, 1942.
809.000 00 D. R. T. Ext gold 5s of July 1, 1942.
$1,295,000 00 W. & N. RR. stock trust certificates.
23,000,000 00 J. C. coll. gold 4s of April 1, 1951.
3,000,000 00 equip, trust (series B).
1,305,000 00 equip, trust (series C).
General Mortgage Loan. — This loan is secured by a joint mortgage of the Reading Co. and the
Philadelphia and Reading Coal and Iron Co. to the Central Trust Co. of New York, as trustee. Ex-
cepting mortgages and ground rents of an aggregate value of $262,714.99, and excepting $7,789,-
960.94 par value of canal securities, valued at $1,000, the mortgage covers all the property, includ-
ing stocks and bonds (except such few shares of stock as qualify directors, etc.), owned by the
Reading Co., and all the property of the Coal and Iron Co., but subject to the prior liens referred to
hereafter. It will also cover any property hereafter acquired through the use of gen. mtge. bonds.
A list of the stocks and bonds of sundry companies deposited with the trustee under the mortgage
will be found elsewhere In this statement (see Sec. 12). The amount of bonds authorized by the
mortgage Is $135,000,000, of which $68,906,000 had been issued June 30, 1902, but that amount
Included $1.267.000 of bonds retired and cancelled. Of the $67,639,000 listed in the statement of
funded debt, $62,904,000 represented bonds actually outstanding, the remaining $4,735,000 being
held in the treasury. It Is provided that in any year in which dividends are declared or paid on
either class of the capital stock a sum equal to 5 cents a ton on the anthracite coal mined during the
preceding year from the lands of the Coal and Iron Co. shall be paid to the trustee under the mort-
gage, if the aggregate of dividends so declared shall be equal to or in excess of such sum, and other-
wise such lesser sum as shall be equal to the aggregate of such dividends. The amounts thus re-
ceived by the trustee are applied to the retirement of gen. mtge. bonds at a price not to exceed par
and accrued Interest, unless the Reading Company approves of the payment of a higher price. The
trustee majr also Invest the amounts received under this provision In the securities in which the
savings banks of the State of New York shall be at that time authorized to invest their funds. Of
the $66,094,000 of gen. mtge. bonds unissued on June 30, 1902, a sufficient amount was reserved for
the retirement of the several Issues of underlying bonds and real estate mortgages of the Reading
Company, the railway company and the coal and Iron company, and $14,000,000 was reserved to be
Issued at not exceeding the rate of $1,500,000 a year for the following purposes: (a) For the ac-
quisition of additional shares of stock, if issued by the P. & R. Ry. Co., and of additional bonds of
said company to be issued under Its mortgage dated Nov 18, 1896, such stock and bonds to be
pledged under the Reading Company's mortgage; and (b) for the acquisition of railway lines, ex-
tensions, terminal properties or rolling stock, etc., etc., or for the construction of betterments.
POOR S MANUAL — READING COMPANY.
139
Wilmington and Northern Stock Trust Certificates. — Secured by $1,495,200 of the capital stock
of the Wilmington and Northern RR. Co. deposited in trust with the Girard Trust Co., Philadelphia,
Pa. The trust certificates are redeemable at 105 p. c. and accrued interest.
Jersey Central Collateral Trust Bonds. — Secured on $14,500,000 of the capital stock of the
Central RR. of New Jersey ; $1,495,000 of the capital stock of the Perkiomen RR. Co., and $440,000
of the capital stock of the Port Reading RR. Co., all of which are deposited in trust with the Penn-
sylvania Co. for Insurances on Lives and Granting Annuities, of Philadelphia, Pa. The authorized
issue is $45,000,000, but the remainder can be issued only for the purpose of acquiring additional
shares of the capital stock of the Central RR. Co. of New Jersey, which are to be likewise deposited
under the mortgage. The bonds are subject to redemption at 105 p. c. and accrued interest, on any
interest date after April 1, 1906, on six months' previous notice.
Equipment Trust Obligations. — Under date of Dec. 26, 1899, a car trust deed (now known as
Series A) for $3,600,000 was executed with A. T. Stotesbury, of Philadelphia, as lessor and trustee.
The trust runs to July 1, 1907, with interest at 4 p. c. per annum, payable Jan. and July, at the
office of Drexel & Co., Philadelphia, Pa. The principal is to be paid in semi-annual installments of
$252,000 each up to and including Jan. 1, 1907, and one payment of $324,000 on July 1, 1907.
These payments will be made from the renewal fund. The trust covers 30 locomotives, 30 passenger
cars, 500 box freight cars, 200 refrigerator cars, 2,500 wooden coal cars and 1,000 gondola cars.
The series B trust certificates, originally $3,200,000 in amount, are payable $200,000 semi-annually
from Sept. 1, 1902, to Sept. 1, 1909, with interest at the rate of 4J p. c. per annum, payable March
and Sept. at the office of Drexel & Co., Philadelphia, Pa. The series C trust certificates are payable
$87,000 semi-annually from Nov. 1, 1902, to Nov. 1, 1909, with interest af the rate of 4i p. c. per
annum, payable May and Nov. The certificates are payable in gold, both principal and interest.
Trustee : Girard Trust Co. of Philadelphia, Pa. The " series A " trust certificates do not appear on
the general balance sheet of the Reading Co., or of the Philadelphia and Reading Ry. Co., as they
were not issued by either company.
Car Trust Certificates, Series D. — The need for additional locomotives, box, coal, refrigerator
and stock cars, and passenger coaches became apparent during the past year, and orders therefor
were placed to the extent of $2,706,624. An issue of Car Trust Certificates, known as Series D, to
the amount of $2,500,000 will be made towards the payment for this additional equipment.
1O. Statement of claims against other companies due Reading Company.
Brought forward $4,118,424 78
Rupert and Bloomsburg RR. Co 29,941 09
Schuylkill Navigation Co 15,73354
Stony Creek RR. Co 389,28915
Tamaqua, Hazleton & North. RR. Co. 43.6% 95
Tremont Coal Co 255,000 00
Chester and Delaware River RR. Co.. $142,769 78
Cape May, Dela. Bay and Sewell's Pt.
RR. Co 25,938 32
Delaware River Ferry Co. of N. J.... 178,292 40
East Pennsylvania RR. Co 9,84465
Bast Mahanoy RR. Co 8,74259
Gettysburg and Harrisburg Ry. Co 128,911 71
Middletown and Hummelstown RR. Co. 36,419 67
Mammoth Vein Coal and Iron Co.... 72,80000
North Pennsylvania RR. Co 23,456 76
North East Pennsylvania RR. Co 131,52073
Phila. and Chester Valley RR. Co.... 15,073 07
Philadelphia Belt Line RR. Co 9,12964
Phila. and Reading Terminal RR. Co. 2,285,085 58
Philadelphia and Frankford RR. Co.. 221,96323
Pickering Valley RR. Co 377,46683
Preston Coal and Improvement Co 380,225 00
Reading Belt RR 70,78477
These claims mainly represent advances to sub-companies for construction and for acquisition
of new property, made by the old P. & R. RR. Co. and the receivers, and were acquired by the pres-
ent Reading Co. through the receivers' sale, excepting $269,676.65, which has been advanced by the
present organization for the acquisition of new property.
11. Bonds and Interest Guaranteed — The following statement shows the guaranties of
bonds and interest by the Reading Company and by the Philadelphia and Reading Ry. Co. For fur-
ther details see the separate statements for the several railroads named in the statement :
$4,852,085 51
Le«s Credit :
Allentown RR. Co $25,363 99
Phila., Harrisburg and
Pittsb. RR. Co 719,310 83
Shamokin Sunbury &
Lewisburg RR. Co. . 612,444 70 — 1,357,119 52
$3,494.965 99
Valued at $858,708 13
Allentown Terminal RR. : $450,000 1st gold 4s of
July 1, 1919, guaranteed as to principal and in-
terest by the Philadelphia and Reading Ry. Co.,
and the Lehigh Coal and Navigation Co., jointly.
Atlantic City RR. : $2,200,000 1st gold 5s of May
1, 1919, guaranteed as to principal and interest by
the Philadelphia and Reading Ry. Co. ; and $4,-
500,000 1st consol. gold 4s of July 1, 1951, guar-
anteed as to principal and Interest by the Read-
ing Co.
Catawitsa RR. : $195,500 1st 6s of Aug. 1, 1902,
and $2,029,500 ($2,215,000 auth.) 1st consol. gold
4s of April 1, 1948 — both issues guaranteed as to
principal and interest by the Philadelphia and
Reading Ry. Co.
Delaware and Bound Brook RR. : $1,500,000 1st
7s of Aug. 1, 1905, and $300,000 2d 6s of Aug. 1,
1905 — interest on both issues guaranteed by the
Philadelphia and Reading Ry. Co. under the
terms of the lease.
East Pennsylvania RR. : $495,000 1st gold 4s of
March 1, 1958, guaranteed as to principal and
interest by the Philadelphia and Reading Ry. Co.
Gettysburg and Harrisburg Ry. : $215,000 1st
gold 5s of Oct. 1, 1926, guaranteed as to principal
and Interest by the Philadelphia and Reading
Ry. Co.
Norristown Junction RR. : $37,000 1st 5s of Feb.
1, 1910, interest guaranteed by the Philadelphia
and Reading Ry. Co. under the terms of the
lease.
Northeastern Pennsylvania RR. : $400,000 1st
gold 5s of April 1, 1920, guaranteed as to prin-
cipal and interest by the Philadelphia and Read-
ing Ry. Co.
North Pennsylvania RR. : $1,500,000 1st 4s of May
1, 1936; $4,500,000 gen. 7s of Jan. 1, 1903; $1,200,-
000 6 p. c. loan of Sept. 1, 1905, and $302,000 fund-
ing gold 4s of Nov. 1, 1928. Interest on all four
issues is guaranteed by the Philadelphia and
Reading Ry. Co. under the terms of the lease.
Perkiomen RR. : $1,924,600 1st gold 5s of Jan. 1,
1918, in two series, guaranteed as to principal and
interest by the Philadelphia and Reading Ry. Co.
Philadelphia and Chester Valley RR.: $280,510
preferred gold 4s of April 1, 1938, and $100,000
nonpreferred gold 3s of April 1, 1938, both issues
guaranteed as to principal and interest by the
Reading Co.
140
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Philadelphia and Frankford RB. : $500.000 1st
gold 4s of Aug. 1. 1922. guaranteed w to prin-
cipal and interest by
the Reading Co.
/'/iitaifr/i'fita, llarrisbur<j and Pittsburgh RR.:
tt.000.OUO 1st gold 5« of Oct. 15. 19:6. guaranteed
as to principal and interest by the Philadelphia
and Reading Ry. Co.
Philadelphia, Newtovm and New York RR. :
$607 000 1st gold 3s of Oct. 1. 1942. guaranteed as to
principal and interest by the Reading Co.
Porf Reading RR. : $1.500.000 1st gold 5s of Jan.
1 1941 guaranteed as to principal and interest Dy
the Philadelphia and Reading Ry. Co.
12. Stocks and Bonds Owned. — The stocks and bonds of sundry companies
owned by the Reading Co., and the cost of which is shown in the general balance sheet of
June 30, 1902, consisted of the following:
Not Held
by Trustee
of General
Schuylkill and Lehigh RR.: $600.000 1st 4s of
May 1, 1948. guaranteed as to principal and in-
terest by the Reading Co.
Shainokin, Sunbury and Lewisbury RR. : $1,(JOO,-
000 1st 5.s of May 1, 1912, and $1,000.000 2d gold
6s of July 1, 1925- — interest on both issues guar-
anteed by the Philadelphia and Heading Ky. Co.
under the terms of the lease.
Wilmington and Northern RR. : $354,000 1st 5s
of Dec. 1, 1927, interest guaranteed by the Phila-
delphia and Reading Ry. Co. under the terms of
the lease ; and $406,000 gen. gold 5s of Aug. 1,
1932, endorsed guaranteed as to principal and
interest by the Reading Co.
HOM>".
Mortgage.
$
5.00000
2,50000
3750
Hated
Under
General
Mortgage.
$
C*Uwk»RR.Co..Con.Mtg.
Camden County RR. Co
CokbrookdaleRR.Co. 593,40000
Central RR. Co. of Pa.
Certificate of Deposit under Phila. cAnnAnm
Subway Contract 500,00000
Cape May. Del Bay A Sewell's Pt.
RR. Co 150,00000
Gett.AHar.Ry.Co.CarTr'U 18.00000
Mansion House Hotel Co
Noniatown Junction RR. Co
Ocean City RR. Co oi
Ocean City RR. Co. Scrip 21,06250
Phila. 4 Reading RR. Co. Debenture
4 Guarantee Scrip
People'iRy.Co 36.00000
PerfaomenRR.Co 161,10000
Phila. Read 4 Pottav. TeL Co 200,00000
PhiL 4 Ches. Vy.RR. Co.. pref 25,00000
P. 4 C. Vy. RRl Co., not pref 47.000 00
PhiL. Harris. A Pitta. RR. Co 1.472.000 00
Phil.. Newt'n 4 N. Y. RR. Co 849, 100 00
Pickering Valley RR. Co 332,30000
Phil. 4 Frankford RR. Co 3,00000
Reading Co. Gen Mtge 4,735,00000
Read. 4 CoL RR. Co.. 1st Mtge.
Read. 4 CnL RR. Co.. 2d Mtge. .
Read. 4 CoL RR. Co., Debcnt. .
Schuvlkill A Lehigh RR. Co. . . .
Schuylkill Nav. Co., Loan, 1872.
Schuylkill Nav. Co., Loan, 1882.
8. N. Co.. Impfov. Loan, 1880. .
Schuylkill Nav. Co., Loan, 1895.
a N. Co.. Boat and Car Loan. ..
SeaCoart RR. Co., Series A
Sea Coast RR. Co., Series B „,
80. Mount Ry. 4 Mining Co 100,00000
Tarn.. Hat. 4 Nor. RR. Co. 300,00000
TemptelronCo 277,00000
Washington and Franklin Ry. Co 137,00000
9,50000
35.00000
1.000,00000
109,00000
l.GS.V>"000
3,940,646 00
228.00000
1,181,00000
1,320,05000
5,00000
19425
6,00000
20000
1,50000
45,16599
Totals 13,766,68600 5,997,660 24
STOCKS.
Allentown RR. Co., com 1.071,40000 5,00000
Atlantic City RR. Co., com 1,350.00000 7,90000
The Atlantic City RR. Co., pref 998.55000 60000
The Atlantic City RR. Co.. com 1,195,00000
BeaTfTCreekWaterCa.com. 25,00000
Camden County RR. Co.. com 50,00000 1,10000
Cains. 4 Pogels. RR. Co.. com. 251,62500 2,50000
Catawiaw RR. Co.. latpref 11,40000
Cat*wiasaRR.Co.,2dpref. 15,50000
Catavwaa RR. Co.. com. 732.80000
On.rrk4Ter.Ry. Co., com 181,60000 3.80000
Cen. Trans. Co. of Lyons, com 12,000 00
Chea. 4 Del. R. RR. Co.. com 37.50000 2.50000
ColebriK.kHale R R. Co., com 276,500 00 5,000 00
Cent. RR.Co.ofN.J..com 14,504.00000
STOCKS.
Not Held
by Trustee
of General
Mortgage.
$
Pledged
Under
General
Mortgage.
C. M., Del. Bay A Sew. Pt. RR. Co..
com 138.20000
Danv A Sham'n RR. Co.. com 245,000 00 5 000 00
Del. R. FyCo.ofN.J.,com 490,00000 10.00000
East Mahanoy RR. Co., com 280,00000 305000
East Penna, RR. Co., com 875.00000 3,85000
Eastern Real Est. Co.. com 1 000 00
Gettys. A Har. Ry. Co., com 535,000 00 5,700 00
Longmead Iron Co., com 240 00
Mid. A Hum. RR. Co., com 170 000 00 5 000 00
Mill Creek A Mine Hill Nav. A RR.
Co.. com 47,500 00 675 00
M. H. A S. H. RR. Co.. com 81,00000 ....
M. C. A P. C. RR. Co.. com 37.50000 1060000
NorristownJunc. RR. Co., com 17,500 00 2,50000
N. E. Penna. RR. Co.. com 315,00000 395000
North Penna. RR. Co., com 128,80000
Norristown A Main Line RR. Co.,
com 50,00000
Ocean St. Pass. Ry. Co.. com 4,00000
People's Ry. Co. of Pottsv., com. . . . 53,500 00 560 00
Perkiomen RR. Co., com 1,499 600 00
Phil. A Ches. V. RR. Co., pref 205,10000
PhiL A Ches. V. RR. Co., com 450,000 00 4.450 00
Phila. A FrTd RR.Ca.com 498,95000 1.05000
Phila., H. A P. RR. Co., com 1,995,000 00 5.000 00
P. A R. Term. RR. Co 8,500,000 00
Phil. Belt Line RR. Co., pref 78,00000 50000
Philadelphia Bourse, pref 575 00
Philadelphia Bourse, com 1,50000
Philadelphia Harbor Transfer 20,000 00
P., N. A N. Y. RR. Co., pref 375,00000
P., N. A N. Y. RR. Co., com 625,60000
P.. R. A P. TeL Co., com 18,45000 1,0.5000
Pickering VaLRR. Co., com 60,00000 1.75000
Port Reading RR. Co., com 1,555,00000 445.00000
Pottstown Iron Co., 1st pref 7,686 95
Pottstown Iron Co., 2d pref 48,73819
Pottsv. Union Tiac. Co., com 80.400 00
Reading Co., com 50,00000
Read. A Colum. RR. Co., com 785,000 00- 3.200 00
Reading Belt RR.. com 750.000 00
Reading Iron Co., com 998,00000 2,00000
Rup. A Blooms. RR. Co., com 48,000 00 2.000 00
Schuyl. A Lehigh RR. Co., com 598.00000 2,00000
Schuyl. V. N. A RR. Co.. com 61.00000 1,30000
Sha. Sun. A L. RR. Co., com 1 995,000 00 5,000 00
Slatington RR. Co., com 19,50000 50000
Stony Creek RR. Co., com 90.900 00
Swedes Ford Bridge Co., com 9,00000
Sea Coast RR. Co., pref 5.361 00
Sea Coast RR. Co., com • 5,36100
Tarn. Haz. A Nor. RR., com 295,000 00 5,000 00
Temple Iron Co., com 283,10000
Wilm. A No. RR. Co., com 1,495.40000
West. Chester St. Ry. Co., com 150,00000
Total* 18,383,875 00 30,016.747 14
8UXMAXT.
Par Value of Bonds $19.764,346 24 I Par Value of Stocks $48,400,62211
Value as per Balance Sheet 19,102,835 43 | Value as per Balance Sheet 51,244,30360
POORS MANUAL OF RAILROADS.
141
13. Board of Directors, Reading Co., as Constituted March 1, 1903.
Geo. F. Baer. .Philadelphia, Pa.
J. Lowber Welsh
H.McK.Twoinbly.New York.N.Y.
G. C. Thomas. Philadelphia, Pa.
H. A. Dupont. Wilmington, Del.
H. P. McKean. Philadelphia, Pa.
S. Dickson.. .Philadelphia, Pa.
Chas. Steele...New York, N. Y.
.T. S. Harris.. Philadelphia, Pa.
GEORGE F. BAER, President Philadelphia, Pa.
VV. R. Taylor, V 'ice-President
Treasurer — W. A. Church Philadelphia, Pa. | Secretary— W. R. Taylor Philadelphia, Pa.
Comptroller — D. Jones Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Reading Terminal, Philadelphia, Pa.
READING COMPANY— Subsidiary Corporations.
PHILADELPHIA AND READING COAL AND IRON COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 10
Divisional Bonds, Details of 4
Funded Debt 4 to 6
General Balance Sheet 3
History 1
Income Account 2 and 9
Liens on Property 1 and 4
Operations and Income. .2 and 9
Sinking Fund, Details of 8
Stocks and Bonds Owned — 7
Bonds and Stocks Owned. . . 7
Bonds Outstanding 4, 5
Coal Estate, Value of 1
Coal Lands Owned 1
Coal Trust Certificates C
Collateral Sink. Fund Bonds 5
1. History. — Chartered as Laurel Run Improvement Co., May 18, 1871, for the pur-
pose of acquiring and operating the coal properties with which the P. & R. RR. was con-
nected. Present name adopted December 12, 1871. (See MANUAL for 1899, page 185.)
Controlled by the Reading Company through ownership of the capital stock. The company
owns 86,691 acres of coal land, valued a'c, $76,289,489.85, controls 9,852 acres and leases
7,429 acres. All of the properties and franchises of the company are covered by the
general mortgage of the Reading Company.
2. Operations, year ending June 30, 1902. — Tons anthracite coal mined by com-
pany (from lands owned, 5,985,032.04; from lands controlled, 267,280.11; from other
lands, 716,253.08), 6,968,566.03; tons purchased, 1,034,290.02; tons sold, 8,289,828.07. On
hand, 109,960.14 tons. Receipts — coal sales (anthracite, 25,150,543.94; bituminous,
910,661.35), 23,061,205.29; coal rents, $233,040.78; house and land rents, $88,984.38;
interest and dividends, $57,712.55; other receipts, $78,586.59 — total, $26,519,529.59. Ex-
penses— mining and repairs, $12,078,964.43; coal purchased (anthracite, $1,829,645.78;
bituminous, $930,495.48), $2,760,141.26; royalty of leased collieries, $392,646.01; trans-
portation and handling of coal, $7,028,659.13; taxes, $253,212.42; repairs of houses, etc.,
$17,644.90; all other expenses, $1,085,781.43; damages account coal dirt, $35,990; coal sold
from stock, $505,853.35; colliery improvements, etc., $863,428.15; depletion of coal lands
fund, $374,101.06 — total, $25,694,422.14. Profit in operating, $1,125,107.45. Fixed charges
and taxes, $419,858.50. Surplus, $705,248.95; surplus forward, $835,647.78 — total, $1,540,-
806.73. Less 1^ p. c. interest on Reading Company "loan account," $888,780.61. Balance
to credit of profit and loss, $652,116.12.
3. General Balance Sheet, June 30, 1902.
Capital Stock $8,000,000 00
Divisional Coal Land Mtge. Bonds. . 274,500 00
P. & R. Collateral Sink. Fund Loan... 1,410,000 00
Reading Company 79,002,72056
Coal Trust five 10-yr. Gold Loan 3,600,000 00
Current Liabilities 729,24463
Balance to Credit of Profit and Loss 652,116 12
Property and Investments ($86,614,158.59):
Coal Lands $60,365,704 92
Timber Lands 659,965 00
New York and Eastern Depots 707,00219
Western Yards and Depots 618,011 S7
Miners' and Other Houses 548,18767
Pottsville Shops. Real Est. & Imp. 369,666 99
Storage Yards and Washeries 389.12386
Other Real Estate 117,78758
Improvements at Collieries 7,078,69032
Equipments at Collieries 2,302,46763
Deadwork at Collieries S.711,477 31
Stocks and Bonds of Cos. Controlled 9,746,073 25
Cash and Current Assets 4,503,042 15
Depletion of Coal Lands Fund 1,626,516 21
Stocks, Bonds and Mortgages 924,864 41
Total Assets. $93,668,581 36
Total Liabilities $93,668,581 36
4. Divisional Bond*. — The divisional coal land mtge. bonds are dated and due as follows :
$52,000 dated 1882, due 1902; $206,000 dated 1884, due 1904; $16,500 dated 1893, due 1903.
142
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
These bond* bear Intercut at 5 p. c. and 6 p. c. per annum. General mtge. bonds of the Reading Co.
to an equal amount will be Issued In place of them as fast as they are retired.
• •IIIII«-MI i Sinking I'nml Bund*. — The collateral sinking fund loan was issued in
1892 by the Philadelphia and Reading RR. Co., and was assumed by this company in the reorganiza-
tion of 1896. It matured on Feb. 1, 1902, but was extended to Feb. 1, 1932, the rate of interest
being reduced to 4 p. c. per annum, and the sinking fund charge to the fixed sum of $30,000 per
annum The bonds are for $1,000 each, in coupon form, with privilege of registration. Principal
and interest, free of all taxes, are payable in gold, at the Reading Terminal, Philadelphia, Pa.
6. Coal Tru»t Certlfloatesj. — The coal trust certificates ($1,000 each) are dated April 2,
1894. and mature April 1, 1904. They bear interest at the rate of 6 p. c. per annum, payable Jan.,
April. July and Oct., at the Pennsylvania Co. for Insurances on Lives and Granting Annuities,
Philadelphia. Pa. Both principal and interest are payable in gold. The loan is secured by pledge
with the Finance Co. of Pennsylvania of the coal and the coal accounts of the P. & R. Coal and Iron
Co.. the Issue of securities being limited to an amount which will leave 25 p. c. of value in the hands
of the Finance Co.
7. Stocka and Bond* Owned. — The company owns stocks and bonds of separate coal
companies as follows: Stocks — Preston Coal and Improvement Co., $2,834,150; Fulton Coal Co..
$244.617.45 ; Locust Gap Improvement Co., $468,335.80 ; Tremont Coal Co., $2,958,850 ; Mam-
moth Vein Coal and Iron Co., $604,990; Delaware Coal Co., $263,150; miscellaneous, $94,9^0 —
total, $7,469,073.25. Bonds — Preston Coal and Improvement 4 p. c. mtge. bonds, $1,087,000 ;
Tremont Coal Co. 6 p. c. mtge. bonds, $900,000 ; Mammoth Vein Coal and Iron Co., $290,000 —
total, $2,277,000. Most of the stocks just named are subject to the P. & R. RR. Co.'s consol. mtge.
of 1871-1911, and all of them are covered by the joint general mortgage executed by this company
and the Reading Co. The bonds (except $81,000 Mammoth Vein Coal and Iron Co., which are held
in the treasury) are deposited as collateral to the $1,410,000 sinking fund loan of 1892 issued by
the P. & R. RR. Co. but assumed by this company, and they are also covered by the joint general
mortgage of this company and the Reading Co.
8. Sinking: Fund. — The joint general mortgage of this company and the Reading Co. re-
quires a sinking fund of five cents a ton on coal mined from the lands of this company to be set
aside before the payment of dividends. This company sets aside annually an additional five cents
for each ton mined so as to make reasonable provision against the depletion of its estate. The total
amount of interest-bearing securities and cash in this fund on June 30, 1902, was $1,626,516.21.
The fund will be used from time to time for the acquisition of additional coal properties and the
construction of collieries, whenever such acquisition or construction is considered essential to the
business interests of the company, and for the several business necessities of the company not other-
wise provided for.
9. Statement of operations and income, years ending June 30, 1901 and 1902:
1901
1902
1901
1902
TOM Coal Mined:
Company.
8,016,935
6968566
Receipt*:
Coal Sales — Anthracite
$
27 697 104 22
$
25 150 543 94
Tenants. . ...
1,237,038
1,229,708
807 357 84
910 661 35
Coal Rente
246 487 71
233 040 78
Total Production .
9,253,973
8,198,274
House and Land Rents
94' 284 20
88 984 38
TOM Coal Purchased :
Other Receipts ... .
72 624 23
136 299 14
689903
769 900
Not Included Above
277,530
264390
Total Receipts
28 917 858 20
26 519 529 59
97 Iftfi (U4 3fl
25 394 422 14
967 433
1 034290
Net Receipts
1,811 21390
1.125.107 45
Average Cost per Ton
182.3 c.
202 8 c.
Fixed Charges
36931465
419,85850
Tom Coal* Bold.
9 100 516
X 9S9 S°8
Average Rate per Ton
313.2 c.
314.4 c.
1 441 899 25
70524805
1O. Directors, Coal and Iron Co. (elected Oct. 13, 1902) .—Thomas McKean, John
Lowber Welsh, Geo. C. Thomas, Joseph S. Harris, Philadelphia, Pa. ; H. McK. Twombly.
Chaa. Steele, New York, N. Y.
GEORGE F. BAEB, President Philadelphia, Pa.
W. R. Taylor, V ice-President " "
Treasurer — W. A. Church Philadelphia, Pa.
Berrttary — W. G. Brown
den. Mgr. — C. E. Henderson Philadelphia, Pa.
Gen. ftupt. — R. C. Luther Pottsvllle, Pa.
Gen. Coal Agent — Thos. M. Richards Philadelphia, Pa.
PBINCIPAL OFFICE AND ADDBESS Reading Terminal, Philadelphia, Pa.
READING COMPANY— Subsidiary Corporations.
PHILADELPHIA AND READING RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 13 Income Acct., Tears 1897-1902. 10
Earnings, Expenses, etc 7 Interest on Bonds, Details of 7a
Floating Equipment fi Leased Lines. Statements for 12
Mile, in Detail. June 30. 1902 la
Mile. Operated, June 30. 1902 1
Mileage Operated, 1897-1902. . 10
Operations & Inc., 1897-1902. . 10
Funded Debt. June 30, 1902...
On. Bal. Sheet, June 30, 1902
Hlfitory
Income Account, Year 1902..
Phila. Subway Loan 11
Reading Belt RR 2
Rentals, L'sed Lines.1896-1902 7b
Rolling Stock, Details of 5
Rolling Stock, 1897-1902 10
Traffic Contracts 4
POOR S MANUAL — READING SYSTEM.
143
1. Mileage Operated, June 30, 1902 (owned, 365.61 miles).
Main Line: Philadelphia, Pa., to Mount Carbon, Pa 98.47 miles.
Branch lines owned by the company (see detailed statement following, Sec. la) 267.14 "
Branch lines leased by the company (see detailed statement following, Sec. la) 637.72 "
Total length of lines owned and leased, June 30, 1902 1,003.33 miles.
2d track (owned, 181.59 m.; leased, 243.41 m.), 425.0 m. ; 3d and other tracks (owned,
3.99 m.; leased, 9.11 m.), 13.10 m.; sidings, etc. (owned, 504.10 m.; leased, 451.83 m.),
955.93 miles. Gauge, 4 ft. 8y2in. Rail (steel), 56 to 90 Ibs.
la. Statement showing in detail the mileage of roads owned and leased by the
Philadelphia and Reading Ry. Co., June 30, 1902:
NAME OF ROAD.
Main
Track.
Seconc
Track
Total
Track.
NAME or ROAD.
Main
Track.
Second
Track.
Total
Track.
P. <fc R. Ry., Main Line
M.
98.47
M.
98.38
M.
491.29
East Pennsylvania Railroad
M.
3538
M.
IS 28
HI.
7661
Bellevua Branch
0.59
0.81
Little Schuylkill Railroad
2804
2527
7958
Linden St. Yard, Camden
0.93
Greenwood Branch
104
160
Moaelem Branch
1.77
2.51
Wabash Branch
240
298
Mount Carbon Branch
7.69
1.67
16.98
Mill Creek and Mine Hill Nav. A RR
381
381
31 14
North. Liberties & Penn.T'nsh'p B.
1.26
1.24
5.95
Colliery & Other Branches
331
Philadelphia <fe Chester Branch. . . .
9.86
1 18
14.94
125
Mine Hill & Schuylkill Haven Railed
29.12
036
19.20
79.19
051
272
272
1069
4102
166
365
337
344
5375
5374
167 19
9 IS
175
1222
228
307
Mount Carbon & Pt Carbon Branch.
250
245
1548
080
1 05
037
037
100
2.61
709
North Pennsylvania Railroad
5557
5454
15785
4228
4923
Delaware River Branch
2049
2049
5549
159
256
Doylestown Branch
1015
1212
2141
2335
Pickering Valley Railroad
1121
1252
2694
2205
7950
Philadel., Gennantown & Norristown RR
2066
2026
85.36
Ashland Upper Route Br. No. 1. . .
385
426
Chestnut Hill Branch
403
180
7.81
2035
2263
Plymouth Branch
894
13.25
Mount C.irmel Branch
Shenandoah Branch
2.74
659
1 79
4.24
1054
Philadelphia, Harrisburg & Pittsburg RR. .
Cleversburg Branch
42.73
290
6.16
64.27
3.37
Various Colliery Branches
6473
Philadelphia <fe Reading Ore Branch . .
154
2.09
Schuylkill & Susq Branch
5337
61 64
1 30
1 30
585
186
521
Schuvlkill and Lehigh Railroad
4320
50.04
078
078
Total Owned
365.61
181.59
1,055.29
Union Canal Branch
Schuylkill Valley Navigation & RR
2.96
1096
524
3.71
19.37
4.45
508
8.24
9817
1849
181 31
Shamokin, Sunbury & Lewisburg Railroad .
3129
1481
56.78
Dougal Branch
063
225
Wilmington <fe Northern Railroad
7150
98.28
Grove Branch
064
081
1.87
2.76
Milton Branch
Muncey Branch
Silver Brook Branch
0.95
0.65
191
1.62
0.77
362
Delaware River Extension Branch
French Creek Branch
Kentmere Branch
3.70
5.90
2.77
5.61
7.71
3.60
Colebrookdale Railroad
1284
1559
Rockland Branch
1.00
1.19
2709
2709
6963
South Walnut Street Branch
107
1.84
East Trenton Branch
303
432
Wharf Branch
0.60
0.94
372
834
East Mahanoy Railroad
757
1461
Total Leased
637.72
243.41
1,342.07
3 18
9 in
1 9A
Grand Total
1.003.33
425.00
2,897.80
The dates of merger and lease of the several roads are shown in a table corresponding with the
preceding one In the MANUAL for 1898, on page 715. ( See separate statements for leased lines, sub-
joined hereto — Sec. 12.)
2. History. — Organized Nov. 16, 1896, to take over the railroads (but not the equip-
ments and other property) of the Philadelphia and Reading RR. Co., which were sold
under foreclosure September 23, 1896. (See MANUAL for 1898, page 716.) The company
controls the roads formerly leased to the Philadelphia and Reading RR. Co., either by
transfer of the old leases or by new leases made since Nov. 30, 1896. It leases from
the Reading Co. the railway and marine equipment which it uses in the conduct of its
business, and a number of wharves and warehouses on the Delaware River, between South
Street and Queen Street, Philadelphia.
The Reading Belt Ry. was opened for business on May 15, 1902. It has been leased
144 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
to this company from July 1, 1902, at a rental sufficient to pay the interest on its bonds
and dividends at the rate of 4 per cent, per annum on its capital stock.
«'*. Business, Terminal Facilities and Route of Road.— The chief business
of this company is the transportation of coal from the first and second anthracite
coal Holds in Pennsylvania to tide-water in the Delaware River, at Port Richmond, Phila-
delphia, and in New York harbor at Port Reading, N. J. The Port Richmond terminals
cover 140 acres of land and contain 24 wharves, extending from 300 to 800 feet into the
river, with trestlework and chutes, allowing a direct discharge of coal from the cars into
vessels. There is a grain elevator of 1,500.000 bushels storage capacity and a discharging
capacity of 32,000 bushels an hour. More than 75 miles of track provide room for
handling from 2,000 to 3,000 cars of freight, while the piers afford berths for 10 ocean
steamships, with a water depth of 27 feet at mean low tide. The company's fleet of
sea-going steamers and barges distributes a considerable quantity of coal to points along
the coast. The main line of road winds through the Schuylkill Valley, numerous branches
extending east and west into the two southern coal fields. The Broad Mountain, dividing
the two coal fields, is crossed at four different points, three of which lead directly into
the Mahanoy coal fields, and one into Lykens Valley.
4. Traffic Contracts.— A contract running for 900 years, from Feb. 4, 1882, between
the New York Central and Hudson River RR. Co., the Fall Brook Coal Co., the Phila.
and Reading Ry. Co. and companies controlled by these, provides for an interchange of
through and local traffic and the formation of a through line between Philadelphia and
Buffalo. (See MANUALS for 1883 and 1884.) The entire tonnage of the Beech Creek RR.
to Philadelphia and New York, and all points south and east, is thrown upon the lines
of the Philadelphia and Reading Ry. Co., under a contract for 900 years, which provides
for a pro rata of joint charges between the several connecting lines. The Schuylkill
River East Side RR. affords access to the traffic from the lines of the Baltimore and
Ohio RR. Co., and its connections, and the Philadelphia, Harrisburg and Pittsburgh RR.
enables the company to interchange business with the railroads of the South and of the
Southwest.
5. Rolling Stock, June 30, 1902. — Locomotives — passenger, 179; freight and coal,
481; shifting, 229; special, 3 — total, 892. Cars — passenger, 560; combination, 148; bag-
gage, mail and express, 102; carriage, 2; funeral, 1; freight (box, 4,353; stock, 154;
flat, 194; coal, 23,467; gondola, 8,726; refrigerator, 349; lime, 15; horse and cattle, 6;
platform gun car, 1; coke, 265; stone, 41), 37,571; service, 947 — total 39,331.
6. Floating Stock, June 30, 1902.— Steam colliers, 5; sea-going tugs, 8; harbor
tugs, 10; barges (sea-going, 59; sound, 3; scow, 5), 67; canal boats, 2; lumber scows, 6;
pile driver, 1 ; car floats, 26.
7. General Income Account, year ending June 30, 1902.
Earnings -Passenger $4,880,705 14 Expenses -Maint. of Way and Struct. . $2,979,114 70
Freight 23,641,466 90
Mall 119,369 S2
Miscellaneous 528,83628
Total ($29,073.56 per mile) $29,170,37814
Maintenance of Equipment 3,542,894 77
Conducting Transportation 9,134,618 86
General 859,86737
Total ($16,461.68 per mile) $16,516,49570
Net earnings (43.38 p. c.), $12,653,882.44; add net receipts from steam colliers, coal
barges, and real estate, $345,156.42 — total, $12,999,038.86. Deductions from net income:
Equipment renewals, $666,133.05; insurance fund, $246,044.35; improvements, $1,341,
325.81— total, $2,253,503.21. Balance available, $10,745,535.65. Fixed charges and taxes:
Payable to the public, $6,235,290.25; to the Reading Co. (interest on purchase money
mortgage, $1,200,000; interest, account of leased lines, etc., $457,833.23; rent of Delaware
River wharves, $50,000; rent of equipment, $1,576,000), $3,283,833.23 — total, $9,519,-
123.48. Surplus, $1,226,412.17.
7«. Detail* of Intvrent on Funded Debt, etc., year ending June 30, 1902. — On
$1,499,600 1st 6s of 1910, $89,970 ; on $967,200 2d 6s of 1910, $58,032 ; on $79,000 convertible
4Js of 1910. $3,555; on $2,696,000 gold 5s of Oct. 1, 1933, $134,800; on $8,162,000 consol. 6s of
POOR S MANUAL- READING SYSTEM.
145
1911, $489,720 ; on $10,649,000 consol. 7s of 1911, $745,430 ; on $9,363,000 Improvement 4s of
1947, $374,520; on $5,766,500 consol. 1st series 4s of 1937, $230,660; on $20,000,000 purchase-
money 6s of 1997, $1,200,000 ; on $8,500,000 terminal 5s of 1941, $425,000 ; on $8,000 subway 3s
of 1904, $240; on $2,712,000 subway 3Js of 1904-1921, $94,497.08; on real estate bonds and
mortgages, $45,130.02 — total, $3,891,554.10.
7 b. Statement of rentals of leased roads and canals for seven fiscal periods :
1896
Nov. 30
1897
7 mos. to
June 30
1898
June 30
1899
June 30
1900
June 30
1901
June 30
1902
June 30
MineHillASch.H.RR
Mt. Car. & Pt. Car. RR
Mill Creek &M.H.N.&RR.
Sch. Val. Nav. & RR
L S N RR & C Co
$
336,816.00
36,250.00
37,587.00
31,754.20
217,092.00
S
166,040.66
21,145.84
20,759.08
18,523.28
100 73(5 26
S
252,612.00
36,250.00
35,587.00
31,754.20
169 705 57
f
252,612.00
36,250.00
35,587.00
31,754.20
170 078 75
$
252,612.00
36,250.00
35,587.00
31,754.20
170 078 75
$
252,612.00
36,250.00
36,233.75
31,754.20
170 519 25
S
252,612.00
36,250.00
3»i,233.75
31,754.20
170 519.25
134,514.94
78,404.05
13301674
133 123 87
134 204 27
13660900
136 609.00
Phila Ger & Nor. RR
307,821.94
178,396.13
306 478 03
308 181.18
310 038 95
312 038 69
312,038.69
ChestnutHillR.lt
17,998.19
341 433 98
5,284.41
206 131 31
8,262.90
337 062 26
8,262.90
323 401 91
8,262.90
319 256 70
8,262.90
287 336 96
8,262.90
284 493 58
919 515 26
528 370 19
902 572 15
925 288 94
918 390 68
923 939 01
924 312 34
Del. & Bound Brook RR
295,426.74
264000
172,375.00
1 54001
295,409.20
264000
294,407.86
264000
289,407.86
264000
289,407.86
264000
289,315.24
264000
Schuvlkill & Lehigh RR
Sh., Sunh. & Lewis RR
Pickering Valley RR
28,092.04
112,538.70
4981 68
16,492.43
145,645.23
2597 11
27,952.24
241,872.68
4,85491
28,232.72
249,132.86
4 989 92
28,606.24
242,194.72
542471
28,606.24
242,214.62
2 271 83
28,606.24
242,214.62
1,993.85
Colebrookdale RR
13 030.58
6,573 01
12 276 95
13 695 61
16 965 40
17 286 38
18,156.61
Allentown RR
3 216 22
1 625 92
320330
3563 11
570429
6 17490
5 477 84
Allentown Terminal RR
Phila., Har. A Pitts. RR
14,250.00
25,841.60
8,312.50
126,464.22
1 16667
13,836.47
208,712.20
200000
13,836.47
216,665.00
196600
14,620.53
210,699.20
189400
14,620.62
210,714.40
2 013 70
14,620.62
210,714.40
2 013.70
W'lm. & Northern RR
39 322.06
96,677 84
97,094.51
Total Railroads
2 878 801 07
1 806 583 31
3 026 058 80
3 053 670 30
3 073 914 46
3 108 184 15
3,105,933.34
Schuvlkill Navigation Co . . .
9,236.18
Total Rents
2.878,037.25
1,806,583.31
3,026,058.80
3,053,670.30
3.073,914.46
3,108,184.15
3,105,933.34
8. General Balance Sheet, June 30, 1902.
Cost of Road :
Philadelphia Terminal
Philadelphia Subway
Real Estate
Leased Equipment (W. & N. RR.)..
New Loco, and Mach. Shops, Reading
Deposit Account Subway Loan
Insurance Fund Assets
Materials and Supplies
Cash and Current Assets
$79,851,857 54
8,500,000 00
2,720,000 00
70,777 21
346,640 50
1,213,186 89
236,494 20
619,683 35
1.891,126 88
6,804,969 15
Total Assets $102,254,735 72
Capital Stock ($50 shares)
Funded Debt Outstand. (see below)
Real Estate Mortgages
Phila. Subway Loan Guaranteed
Current Business Debts
Rents, Interest and Taxes Accrued..
Read. Co., Bonds and Mtges. Retired
Insurance Fund
Equipment Fund
Subway Sinking Fund
Wilm. & North. RR. Equip. Ace. Lse.
Dismantled Equipment
Surplus
$20,000,000 00
67,683,952 00
628,155 54
2,720,000 00
4,426,568 06
1,595,432 78
47,500 00
635,583 19
696,125 13
236,494 20
346,640 50
443,697 27
2,794,587 05
Total Liabilities $102,254,735 72
9. Funded Debt The funded debt, outstanding on June 30, 1902 — total, $67,683,952, as
per general balance sheet — consisted of the several issues of bonds, listed in the following state-
ment. Additional particulars respecting any issue will be found in the paragraph relating thereto
subjoined to the statement :
$9,363,000 Improve, gold 4s of April 1, 1947.
5,766,717 Consol. 1st Series 4s of March 1, 1937.
1,535 Consol. 2d Series, fractions.
8,500,000 Terminal gold 5s of May 1, 1941.
20,000,000 Purch. Money gold 6s of Jan. 1, 1997.
$1,512,700 1st 6s ($ & £) of July 1, 1910, int. J. & J.
954,000 2d 6s of July 1, 1910, Int. J. & J.
79,000 Convert!. 4Js of July 1, 1910, int. J. & J.
2,696,000 Gold 5s of Oct. 1, 1933, int. A. & O.
8,162,000 Consol. gold ($ or £) 6s of June 1, 1911.
10,649,000 Consol. 7s of June 1, 1911, int. J. & D.
First Mortgage Bonds. — Secured by a mortgage dated May 31, 1843, on the railroads and prop-
erty of the P. & R. RR. Co.
Second Mortgage Bonds. — Secured on the same property as the 1st mtge. bonds, but subje'. in
lien thereto.
Convertible Mortgage Bonds. — Secured by third mortgage on the railroads and property of the
P. & R. RR. Co.
Gold Mortgage Bonds. — Secured by fourth mortgage on the railroads and property of the P. &
R. RR. Co.
Consolidated Mortgage Bonds. — Secured by mortgage dated June 1, 1871, to the Fidelity In-
surance, Trust and Safe Deposit Co. of Philadelphia, as trustee, on the main line, the Lebanon
Valley Branch, 54 m., the Lebanon and Tremont Branch, 55 m., and the Mahanoy and Shamokln
Branch, 55 miles. There is provision for a sinking fund of 1 p. c. to be applied to purchases at or
under par of the 6 p. c. bonds, or at 107 p. c. of the 7 p. c. bonds ; the sinking fund to be Invested If
bonds are not obtainable at those prices.
Improvement Bonds. — Secured by mortgage dated Oct. 1, 1873, to the Pennsylvania Co. for
146
POOR'S MANUAL OF RAILROADS — MIDDLK ATLANTIC GROUP.
Insurances on Lives and Granting Annuities of Philadelphia, as trustee, on the property covered by
the consolidated mortgage of 1871. The Reading Co. joins with the P. & R. Ry. Co. in guaranteeing
the interest on these bonds.
Consolidated Mortgage Bonds of 1882. — The consols of 1882, 1st Series, are secured on the
property formerly of the Philadelphia and Reading RR. Co., and on the property of the Philadelphia
and Reading Coal and Iron Co., but subject to prior liens. (See MANUAL for 1899, page 191.) In-
terest is payable in gold in Philadelphia or In London. Both principal and interest are guaranteed
by the Reading Co.
Consolidated Mortgage Bonds of 1883. — The consols of 1883, 2d Series, have been all retired,
there being outstanding only $1,535 of fractional certificates, upon which no Interest is paid. (See
MANUAL for 1899, page 191.)
Terminal Mortgage Bonds. — The Philadelphia and Reading Terminal RR. bonds are a first lien
on all the property of the Terminal Co., and are further secured by deposit with the trustee of the
entire capital stock of the Terminal Co. They were assumed by the P. & R. Ry. Co. in the reor-
ganization of 1896.
Purchase Money Loan. — The purchase money mortgage 6 p. c. loan for $20,000,000 Is in one
bond, dated NOT. 18, 1896. and is held by the Reading Co. The mortgage securing that bond au-
thorizes additional bonds up to $10.000,000, and an equal amount of additional capital stock, both
of which may be issued from time to time to the Reading Co. to be deposited under the joint general
mortgage of 1897.
1O. Statement of mileage, equipment and operations for six fiscal periods ending June 30:
1897
7 months
1898
1899
1900
1901
1902
Mile* Road Owned.
365.23
941.30
913.71
784
723
9,654-4
19,313
365.23
963.78
913.71
783
716
9,602
18,228
365.23
977.29
915.08
774
724
9,647
19,424
365.55
1,004.77
1,000.19
827
775
9,957
21,867
365.55
1.029.78
1,000.31
878
803
11,349
22,551
365.61
1,055.29
1,003.33
892
813
14,104
23,467
Mile* Track Owned
Mile* Road Operated
Freight
Tot Rev Cars
29, 690 Vt
719
28,546
660
29,795
684
32.599
940
34.703
951
38,384
947
Service Oars.
Total Car Equipment
30.409K
Not
>• Reported -1
10,283,040
123,633.721
4,642,757
312,802,223
0.200,145
627,978,715
1,004,901
$
2,071,018
8,595,404
277,079
29,206
5,598,828
10,037,700
30,479
5,529,908
10,384,304
349,546
33,539
5,695,141
11,116,988
334,989
35,654
6,120,842
10,515,411
348,029
39,331
6,167,221
9,739,461
339.479
Pamfngft Train Mileage , ,
Freight Train Mileage
Mixed Train Mileage
Total Revenue Train Mileage. . .
Passengers Carried
15,636,528
18,671,433
235,746,932
9,862,641
687,213,585
12,981,667
1,390,650,331
2,926,446
$
3,877,547
17,095,066
502.629
16,263,758
19,689,787
247,221,152
11,385,928
822,615,211
13,735,315
1,468,237,195
3.179,303
1
4,012,729
17,910,589
532,875
17,147,118
21,910,349
275,418,845
14,192,019
1 004 500 621
16,984,282
22,697,295
284,286,512
14,535,083
1,026,056,531
16,240.161
24,987,177
306.308,981
16,413.700
1,133015,544
PaiMmger Mile?
Freight (tona) Moved
Freight (ton) Miles
Coal (gross tons) Moved.
15,212,275
1,643,836,143
3.326,642
$
4,437,850
21,121,804
550,079
15,542,382
1,703,914.695
3,495,105
4,561,393
22,470,735
585,294
15,553,041
1.710,792,217
3,905,263
$
4,880,705
23.641,467
648,206
Coal (ton) Miles'. . .
Co.* s Freight and Coal
Earnings — Passenger
Freight. . .
Mao, etc
Gross Earnings
10,943,501
6,483,186
21,475,242
11,142,162
22,456,193
12,281,898
26,109,733
14,534,065
27,617,422
15,742,921
29.170.378
16,516,496
Working Expenses
Net Earnings
4,460,315
204,640
10,333,086
511,593
10,174,295
546,395
11.575,668
793,254
11,874,501
726,748
1.253,882
345,156
Other Receipts.
Net Income . . .
4,664,955
1,808,469
2.098,068
1,291,973
10,844,673
3,026,059
3,556,215
3,669,707
10,720,690
3,053,670
3,464,664
4,202,356
12,368,922
3,073.914
3,459,805
5,089,894
12,601,249
3,108.184
3,891.035
5,035,409
12,999.038
3,105933
3,891554
4.775 139
Lease Rentals
Interest Account
Other Charges.
Total Payments. . .
5,198,510
— 833,654
11,973.19
7,093.20
4,879.99
59.24 p.o.
1.671 c.
0.826 c.
1.165c.
10,251,987
-1- 592.686
23,496.88
12,081.14
11,415.74
51.88 p.c.
1.645 c.
0.714 c.
1.042c.
10,720,690
11,623,613
+ 745.309
26,109.73
14,534.06
11,575.67
55.66 p.c.
1.611 c.
0.692 c.
0.971 c.
12,034,628
-f 566621
27,608.86
15,738.04
11.870.82
57.00 p.c.
1.605 c.
0.727 c.
0.982 c.
11 772.626
1.226 412
29,073.56
16.461.68
12,611.88
56.62 p.c.
1.593 c.
0.725 c.
0.989 c.
Balance (+ or— )
Grots Earnings per Mile.
24.542.29
13,422.24
11,120.05
54.69 p.c.
1.623 c.
0.687 c.
0.951 c.
Operating Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per Mile
Rate per Coal Ton per Mile
Rate per Freight Ton per Mile
11. City of Philadelphia Subway Loan. — To meet the cost of building the subway,
:y of Philadelphia authorized an issue of $6,000,000 bonds, of which the receivers of the
hlladelphia and Reading RR. were authorized to guarantee $3,000.000, principal and interest.
The $2,700.000 listed on the General Balance Sheet are part of this amount. There are outstanding
3 p. c. bonds due in 1904, and $2,692,000 31 p. c. bonds due In annual Installments from
r to 1921. They are due after ten years from the date of the loan in twenty annual installments.
were assumed by the P. & R. Ry. Co. In the reorganization of 1896, Interest payable
at the City Treasury, Philadelphia, Pa.
POOR S MANUAL READING SYSTEM.
12. RAILROADS LEASED OB OPERATED BY THE PHILADELPHIA AND READING RY. Co.
ALLENTOWN RR Topton to Kutztown,
Pa., 4.45 m. ; total track (steel, 3.11 m.), 5.0S
miles.
HISTORY. — Chartered April 19, 1853. Operated
by the P. & R. Ry. Co. ; rental, 30 p. c. of gross
earnings.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $1,268,885; current liabilities,
$12,746 — total, $1,281,631. Contra : Cost of road,
etc., $1,085,748 ; cash and current assets, $57,482 ;
profit and loss, $138,401 — total, $1,281,631.
CORPORATE OFFICERS. — Geo. F. Baer,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt., Philadelphia, Pa.
ALLENTOWN TERMINAL RR — Operated
Jointly by the P. & R. Ry. Co. and the C. RR. Co.
of N. J., under a lease for 999 years, by assign-
ment from the Lehigh Coal and Navigation Co.
The P. & R. Ry. Co. and the L. C. & N. Co. jointly
guarantee, both as to principal and interest, $450,-
000 4 p. c. bonds of this company. For further
particulars, see statement appended to that for
the Central RR. Co. of New Jersey.
CATAWISSA RR. — Tamanend to Newberry
June., Pa., and branches, 102.95 m. ; 2d track,
18.49 m. ; total track, 190.38 miles.
HISTORY. — Reorganization, in 1860, of the
Catawissa, Williamsport and Erie RR. Co.
Leased for 999 years from Dec. 15, 1896, to the
P. & R. Ry. Co., on a guaranty of the bonds, both
principal and interest, besides 5 p. c. a year on
preferred stock (dividends M. & N.) and $8,000 a
year for organization expenses.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in ($50 shares), $4,359,500; funded
debt (assumed by lessee), $2,215,000; profit and
loss, $216,721 — total, $6,791,221. Contra : Cost of
road, $6,706,668 ; securities owned, $77,409 ; cash
and current assets, $7,144 — total, $6,791,221. Capi-
tal stock: 1st preferred, $2,200,000; 2d preferred,
$1,000,000; common, $1,159,500 — total, $4,359,500.
FUNDED DEBT consists of $195,500 1st 6s of
Aug. 1, 1902, int. F. & A. and $2,029,500 ($2,215,000
auth.) 1st consol. gold 4s of April 1, 1948, int.
A. & O. The 1st consol. mtge. bonds are intended
to replace all other issues.
CORPORATE OFFICERS. — G. Assheton Car-
son, Pres. ; R. M. Elliott, Sec. & Treas. ; D. Jones,
Compt., Philadelphia, Pa. Office, Philadelphia,
Pa.
CENTRAL DOCK AND TERMINAL RY.
— In Buffalo, N. Y., 0.39 m. ; 2d track, 0.39 m. ;
sidings, 2.55 m. — total, 3.33 miles. Gauge, 4 ft.
9 in. Rail (steel), 65 Ibs.
HISTORY. — Organized May 31, 1889, to con-
struct a railway and terminal dock in Buffalo,
N. Y., connecting the freight yards of the New
York Central and Hudson River RR. at East
Buffalo with the dock at the foot of Georgia St.,
the object of the road being the transportation
and shipment of coal. Leased to P. & R. Ry. Co.
for a term of years expiring March 31, 1910.
INCOME ACCOUNT. — Receipts, year ending
June 30, 1902 (rental, $27,265; interest, $53), $27,-
318. Expenses and taxes, $8,725; dividends, (31
p. c.), $18,231 — total, $27,006. Surplus, $312; sur-
plus forward, $73,305 ; net surplus, $73,617.
BALANCE SHEET, June 30, 1902. — Capital
stock ($500,000 auth. ; $100 shares), $487,500; profit
and loss, $73,617 — total, $561,117. Contra : Cost
of road, etc., $545,309 ; cash and other assets, $15,-
808 — total, $561,117.
CORPORATE OFFICERS. — E. V. W. Rossiter,
Pres., New York, N. Y. ; W. R. Taylor, Sec. ; W.
A. Church, Treas., Philadelphia, Pa. Office,
Grand Central Station, New York, N. Y.
COLEBROOKDALE RR. — Pottstown to
Barto, Pa., 12.84 m. ; total track (steel, 13.14 m.),
15.59 miles.
HISTORY. — Chartered March 23, 1865; opened
Sept. 12, 1869. Leased to the P. & R. Ry. Co. at a
rental of 30 p. c. of gross earnings.
BALANCE SHEET, June 30, 1902.— Capital
stock ($50 shares), $297,215; funded debt (1st 6s
of June 1, 1898), $600,000; interest accrued, not
due, $3,000: current liabilities, $593,219 — total,
$1,493,434. Contra : Cost of road, $672,342 ; cash
assets, $61,406 ; profit and loss, $759,686 — total,
$1,493,434. The Reading Co. owns $599,000 of the
bonds and $281,500 of the stock.
CORPORATE OFFICERS. — J. L. Bailey, Pres. ;
W. A. Church, Treas. ; W. R. Taylor, Sec. ; D.
Jones, Compt. Office, Philadelphia, Pa.
DELAWARE AND BOUND BROOK RR.
— Bound Brook June., N. J., to Delaware River
(Pa. Line), 27.09 m. ; Trenton June, to Trenton,
N. Y., 3.72 m. — total, 30.81 m. ; 2d track, 27.09 m. ;
3d track, 4.98 m. ; total track (steel, 60 m.), 77.97
miles. Rail, 90 Ibs.
HISTORY. — Chartered May 12, 1874; main line
opened May 1, 1876 ; Trenton Branch in 1877. In
connection with the Central RR. of New Jersey
and the North Pennsylvania RR., this road forms
a line between New York and Philadelphia.
Leased for 990 years from May 1, 1879 ; annual
rental, interest on bonds, maintenance expenses,
and 8 p. c. on capital stock.
FINANCIAL STATEMENT. — Capital stock,
$1,800,000; funded debt, $1,800,000 — total, $3,600,000.
Contra : Cost of road, etc., $3,545,511. Funded
debt consists of $1,500,000 1st 7s of Aug. 1, 1905;
and $300,000 2d 6s of Aug. 1, 1905.
CORPORATE OFFICERS. — E. C. Knight, Jr.,
Pres. ; J. H. Michener, Vice-Pres. ; J. S. Wise,
Sec. & Treas., Philadelphia, Pa.
EAST MAHANOY RR — East Mahanoy
June, to St. Nicholas and branch, 10.95 m. ; 2d
track, 2.10 m. ; total track (steel), 19.87 miles.
HISTORY.— Chartered March 9. 1856; road
opened July 10, 1860. Leased for 999 years from
Dec. 1, 1896, at a rental of 5 p. c. on capital stock,
besides expenses and taxes. (See Manual for
1900, page 169.)
BALANCE SHEET, June 30, 1902. — Capital
stock, $497,750; current liabilities, $3,430; profit
and loss, $5,264 — total, $506,444. Contra : Cost
of road, $497,793 ; cash and current assets, $8,651
—total, $506,444.
CORPORATE
OFFICERS. — Geo. F. Baer,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt. Office, Reading Terminal,
Philadelphia, Pa.
EAST PENNSYLVANIA RR -- Reading to
Allentown, Pa., 35.38 m. ; 2d track, 18.28 m. ; total
track (steel, 63.31 m.), 76.61 miles.
HISTORY. — Chartered April 21, 1857 ; opened
May 11, 1859. Leased for 999 years, from May 1,
1869 ; rental, interest on bonds, 6 p. c. on stock
(payable Jan. and July), and organization ex-
penses.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $1,730,450; funded debt (1st
gold 4s of March 1, 1958), $495,000; current lia-
bilities, $9,845 ; interest account, $6,600 ; profit and
loss, $145,232 — total, $2,387,127. Contra : Cost of
road, etc., $1,905,586; other assets, $481,541 — total,
$2,387,127.
CORPORATE OFFICERS. — Geo. F. Baer,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt. Office, Philadelphia, Pa.
EAST TRENTON RR -- Millham, N. J., to
terminus, 3.03 m. ; total track, 4.32 miles. Con-
trolled by the P. & R. Ry. Co., and operated in
connection with the Delaware and Bound Brook
RR. Capital stock, representing cost of road.
$59,000.
CORPORATE OFFICERS. — E. C. Knight, Jr.,
Pres. ; J. S. Wise, Sec. & Treas., 240 So. 3d. St.,
Philadelphia, Pa.
LITTLE SCHUYLKILL RR. — Pt. Clinton
to Tamanend, Pa., 28.04 m. ; Greenwood Branch,
1.04 m. ; Wabash Branch, 2.40 m. — total, 31.48 m. ,
2d track, 25.27 m. ; total track, 84.11 miles.
HISTORY. — Chartered Feb. 20, 1826; opened In
1831. Leased for 999 years from Dec. 1, 1896, at a
148
rooil's MANOAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
yearly rental of 5 p. c. on stock, payable in gold,
and $5,000 for organization expenses.
INCOME ACCOUNT.— Rental, year ending
juno 30. 1902. $129,392 ; other receipts. $6.098 — total,
$135.490. Expenses. $4.427; dividends (5J p. c.),
$124.392 — total. $128,819. Surplus. $6,671.
BALANCE SHEET, June 30. 1902. — Capital
stock ($50 shares), $2,487,850; current liabilities,
$3,718; profit and loss, $73,429 — total, $2,564,997.
Contra : Cost of road and lands, $2,406,944 ; stocks
and other investments, $84,160; other assets, $74,-
893— total. $2.564.997.
CORPORATE OFFICERS. — C. S. Tyson, Pres. ;
J. Roberts Tyson, Treas. & Sec. ; D. Jones,
Compt, Philadelphia, Pa.
MILL CREEK AND MINE HILL NAVI-
GATION AND RR — Palo Alto to New Castle,
Pa., 3.81 m. ; 2d track, 3.81 m. ; total track ( steel,
28.23 m.), 34.45 miles.
HISTORY. — Chartered Feb. 7, 1828; road
opened Nov. 3. 1829. Leased July 25, 1861, for 999
years ; rental, $33,000 per annum, and taxes.
Dividend* (June and Dec., 5 p. c. each), $32,337.50.
BALANCE SHEET. June 30, 1902. — Capital
stock ($25 shares). $323,375; current liabilities,
$18,371 ; profit and loss, $3.253 — total, $345,002.
Cost of road, $323,045 ; cash and current assets,
$21,957 — total, $345,002.
CORPORATE OFFICERS. — Geo. F. Baer,
Pres. ; W. A. Church, Treas. ; W. R. Taylor,
Sec. : D. Jones, Compt. Office, Philadelphia, Pa.
MINE HILL AND SCHUYLKILL HAVEN
RR. — Schuylkill Haven to Locust Gap. Pa., 29.12
m. ; branches, 12.91 m. — total. 42.03 m. ; 2d track,
20.95 m. ; total track. 136.38 miles.
HISTORY. — Chartered March 24, 1828; opened
Oct. 8, 1831. Leased for 999 years from Jan. 1.
1897, at a yearly rental of 6 p. c. on the capital
stock.
BALANCE SHEET, June 30, 1902.— Capital
stock ($50 shares), $4,210,200; current liabilities,
$3,116; contingent fund, $408,000 — total, $4,621,316.
Contra : Cost of road, $4,165,573 ; bonds owned,
$408.000 ; cash and current assets, $14,871 ; profit
and loss, $32,872 — total, $4,621,316.
Statement showing dividends from Jan., 1833,
to July, 1886, is in Manual for 1887.
CORPORATE OFFICERS.— B. H. Shoemaker,
Pres. ; David J. Brown, Treas. ; J. G. McCollin,
Sec. Office, 119 South Fourth St., Philadelphia,
Pa.
MOUNT CARBON AND PORT CARBON
RR. — Mount Carbon to Port Carbon, Pa., 2.5
m. ; 2d track, 2.45 m. ; total track (steel, 13.98
m. ), 15.48 miles.
HISTORY. — Chartered July 16, 1842; opened
Feb. 8, 1S44. Leased for 50 years from March 5,
1S60. at a rental of $36,250 a year. Dividends paid
(Jan. and July, 5.8 p. c. each), $32,753.
BALANCE SHEET, June 30, 1902. — Capital
stock, $282,350; current liabilities, $20,482; profit
and loss, $5,412 — total, $308,244. Contra : Cost of
road, $282.815 ; cash and current accounts, $25,429
— total, $308,244.
CORPORATE OFFICERS. — Geo. F. Baer,
Pre<. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt, Philadelphia, Pa.
NORRISTOWN JUNCTION RR In Nor-
ristown, Pa., 0.37 m. : 2d track, 0.37 m. ; total
track (steel), 1.00 mile.
HISTORY. — Chartered Nov. 8, 1879; road
opened May 1, 1880. Leased from date of comple-
tion.
INCOME ACCOUNT. — Rental, year ending
Juue 30, 1902, $2,620. Paid taxes and interest on
bonds, $2,106. Surplus, $514.
BALANCE SHEET, June 30, 1902. — Capital
stock, $20,000 ; funded debt ( 1st 5s of Feb. 1,
1910), $37,000; unfunded debt, $162; interest ac-
crued, $771 ; income balance, $3,443 — total, $61,376.
Contra : Cost of road, $58,230 ; other assets, $3,-
146 — total, $61,376.
CORPORATE OFFICERS. — Geo. F. Baer,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt. Office, Philadelphia, Pa.
NORTH PENNSYLVANIA RR Philadel-
phia to Bethlehem, Pa., 55.57 m. ; Delaware River
Branch, 20.49 m. ; Doylestown Branch, 10.15 m. —
total, 86.21 m. ; 2d track, 75.03 m. ; total track
(steel. 172.8 m.), 225.46 miles.
HISTORY. — Chartered April 8, 1852 ; main line
opened July 7, 1857; Delaware River Branch,
Jenkintown to middle of Delaware River, 20.50
m., Jan. 10, 1876. Leased to the P. & R. RR. Co.
(lease assumed by P. & R. Ry. Co.) for 990 years,
from May 1, 1879 ; annual rental ( payable quar-
terly, F., M., A. & N.), interest on bonds, 8 p. c.
on stock, and $12,000 for organization expenses.
BALANCE SHEET, June 30. 1902. — Capital
stock ($50 shares), $4,720,850; funded debt, $7.518.-
000 ; ground rents, $47,854 ; real estate mortgages,
$118,608; current liabilities, $384,114; profit and
loss, $98.566 — total, $12,887,992. Contra : Cost of
road, $10,354,525 ; equipment, $1,752,135 ; stocks
owned, $49,465 ; bonds owned, $6,300 ; other perma-
nent investments, $25,265 ; cash and current as-
sets, $378,129; other assets, $322,173 — total, $12,-
887,992.
FUNDED DEBT, June 30, 1902, consisted of
$1,500,000 1st 4s (extended May 1, 1896) of May 1,
1936; $4,500,000 gen. 7s of Jan. 1, 1903; $1,200,000
reg. 6s of Sept. 1, 1905, and $318,000 gold funding
4s of Nov. 1, 1938. The gen. mtge. bonds have
been extended for 50 years from Jan. 1, 1903, the
rate of interest being reduced to 3.3 p. c. per an-
num.
CORPORATE OFFICERS. — J. H. Michener,
Pres. ; J. S. Wise, Sec. & Treas. Office, 240 South
Third St., Philadelphia, Pa.
PHILADELPHIA AND READING TER-
MINAL RR — Ninth and Fairmount Aves. and
Broad and Noble Sts. to 12th and Market Sts.,
Philadelphia, Pa., 1.30 m. ; 2d track, 1.30 m. ;
total track (steel; 80 Ibs.), 5.85 miles.
HISTORY. — Organized April 13, 1888. Leased
for 999 years from May 1, 1891, to the Philadelphia
and Reading Ry. Co., lessee to pay all expenses
of operating, and in addition a minimum rental
sufficient for the payment of interest on bonds
issued by the lessee for construction of this com-
pany's railroad and buildings.
BALANCE SHEET, June 30, 1902. — Capital
stork ($50 shares), $8,500,000; current liabilities,
$2,723.791 , real estate mortgages, $51,879 — total,
$11,275,670. Contra: Cost of road, $11,274,-I73 ;
cash and current assets, $1,1W — total, $11,275,670.
CORPORATE OFFICERS. — Geo. F. Baer,
Pres. ; W. R. Taylor, Sec. ; W. A. Church, Treas. ;
D. Jones, Compt. Office, Reading Terminal,
Philadelphia, Pa.
PHILADELPHIA, GERMANTOWN AND
NORRISTOWN RR Philadelphia to Norrls-
town, Pa., 16.2 m. ; Germantown Branch, 4.3 m. —
total. 20.66 m. ; 2d track, 20.26 m. ; 3d track, 3.02
m. ; total track (steel, 71.3 m.), 85.36 miles.
HISTORY. — Chartered Feb. 17, 1831; opened
Aug. 15, 1835. Leased for 999 years from Dec. 1,
1870.
INCOME ACCOUNT. — Rental, year ending
June 30. 1902. $277,623 ; other receipts, $386 — total,
$278,009. Expenses, $7,165; dividends (12 p. c.),
$269,628— total, $276,793. Surplus, $1,216.
BALANCE SHEET, June 30, 1902. — Capital
stock, $2,246,900; current liabilities, $64,636— total,
$2,311,536. Contra: Cost of road, etc., $2,007,860:
other investments, $3.952. Plymouth RR. account,
$274,495 ; other assets, $6,512 : cash and current
assets, $18,717 — total, $2,311,536.
CORPORATE OFFICERS. — W. S. Wilson,
Pres. ; C. C. Wilson, Sec & Treas. Office. 610
Mariner and Merchant Building, Philadelphia,
Pa.
POOR'S MANUAL — READING SYSTEM.
149
RAILROADS LEASED TO THE P. G. & N. RR. Co.
Chestnut Hill RR. — Germantown to
Chestnut Hill, Pa., 4.03 m. ; 2d track, 1.80 m. ;
total track (steel), 7.81 miles.
Chartered April 10, 1848; opened Oct. 16, 1854.
Leased for 999 years from Dec. 1, 1870, to the
Philadelphia, Germantown and Norristown RR.
Co. The lease was modified Dec. 1, 1896, reducing
the yearly rental payable by the P. & R. Ry. Co.
to an amount equivalent to 6 p. c. on the capital
stock and $300 for organization expenses.
Balance Sheet, June 30, 1902. — Capital stock,
representing cost of road ($29,284 per mile), $120,-
650; current liabilities, $71 — total, $120,721. Con-
tra : Lands owned, $15,506 ; road, $105,144 ; other
assets, $71 — total, $120,721. In July, 1902, the
capital stock was increased to $195,650, the $75,000
additional stock to be delivered to the P. & R.
Ry. Co. in payment for improvements to the
property.
W. W. Colket, Pres. ; C. C. Wilson, Sec. &
Treas. ; D. Jones, Compt. Office, 610 Mariner and
Merchant Building, Philadelphia, Pa.
Plymouth RR. — Conshohocken to Oreland,
Pa., 8.94 m. ; total track, 13.25 miles.
Chartered Dec. 9, 1867. Leased for 999 years
from Dec. 1, 1870, to the Philadelphia, German-
town and Norristown RR. Co.
Capital stock ($50 shares), $12,050; due the P..
G. & N. RR. Co., for advances, $274,495 — total,
representing cost of road, etc., $286,545.
W. S. Wilson, Pres. ; C. C. Wilson, Sec. & Treas.
OfBce, 610 Mariner and Merchant Building,
Philadelphia, Pa.
Railroads Leased or Operated by
PHILADELPHIA, HARRISBURG AND
PITTSBURGH RR Harrisburg to Shippens-
burg, Pa., 42.73 m. ; Cleversburgh Branch, 2.90
m. ; P. & R. Ore Branch, 1.54 m. — total, 47.17 m. ;
2d track, 6.16 m. ; total track (steel, 62.81 m.),
69.73 miles. Rail, 76 and 80 Ibs.
HISTORY. — Consolidation, July 24, 1890, of the
Harrisburg Terminal and the Harrisburg and
Shippensburg Ry. Cos. (See Manual for 1891.)
Leased for 999 years from Oct. 15, 1890, the lessee
to pay as rental $200,000 per annum and taxes.
BALANCE SHEET, June 30, 1902. — Capital
stock, $2,000,000; funded debt (1st gold 5s of Oct.
15, 1925), $2,000,000; current liabilities, $12,280;
accrued interest, $25,000 — total, $4,037,280. Con-
tra : Cost of road, $3,997,113 ; cash and current
assets, $35,002; profit and loss, $5,165 — total, $4,-
037,280.
CORPORATE OFFICERS. — George F. Baer,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt., Philadelphia, Pa.
PICKERING VALLEY RR. — Phcenixville
to Byer's Station, Pa., 11.21 m. ; total track, 12.52
miles.
HISTORY. — Chartered April 3, 1869. Operated
by P. & R. Ry. Co.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $95,655; funded debt (1st 7s of
April 1, 1900), $332,300; current liabilities, $751,-
471 ; interest accrued, $5,815 — total, $1,185,241.
Contra : Cost of road, $481,099 ; cash and current
assets, $21,802; profit and loss, $682,340 — total,
$1,185,241.
CORPORATE OFFICERS. — Geo. F. Baer,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt. Office, Philadelphia, Pa.
SCHUVLKILL AND LEHIGH RR. — High's
Farm, Reading, to Slatington, Pa., 46.16 m. ; West
Reading Branch, 0.78 m. — total, 46.94 m. ; total
track (bteel, 45.02 m.), 54.53 miles. Rail, 68, 70,
and 79 Ibs.
HISTORY. — Chartered in 1870; completed in
July, 1874 ; reorganized June 7, 1880. Leased April
11, 1883, for 999 years from May 1, 1883; rental,
$27,000 per annum and taxes.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $600,000; funded debt (1st 4s
of May 1, 1918, Int. M. & N.), $600,000; current
liabilities, $31,148 — total, $1,231,448. Contra: Cost
of road, $1,213,800; cash and current assets, $17,-
648 — total, $1,231,448.
The capital stock is owned, and the bonds guar-
anteed both as to principal and interest, by the
Reading Co.
CORPORATE OFFICERS. — Geo. F. Baer,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt. Office, Philadelphia, Pa.
S< HUYLKILL VALLEY NAVIGATION
AND RR. — Port Carbon to Reevesdale, Pa.,
10.96 m. • 2d track, 5.24 m. ; total track (steel,
21.21 m.). 27.61 miles.
HISTORY. — Chartered March 20, 1827; opened
in 1830. Leased for 999 years from July 25, 1861 ;
rental, 5 p. c. on capital stock and taxes.
P. & R. Ry. Co.— Continued.
BALANCE SHEET, June 30, 1902. — Capital
stock, $576,050; current liabilities, $14,886; profit
and loss, $3,129 — total, $594,065. Contra: Cost
of road, $576,841 ; cash and current assets, $17,-
224 — total, $591,065.
CORPORATE OFFICERS. — Geo. F. Baer,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt. Office, Philadelphia, Pa.
SHAMOKIN, SUNBURY AND LEWIS-
Kl'RG RR. — Carbon Run June., Pa., to West
Milton, 31.29 m. ; 2d track, 14.81 m. ; total track
(steel), 56.78 miles. Rail, 70 and 79 Ibs.
HISTORY. — Chartered Feb. 12, 1882; opened in
June, 1883. Leased for 999 years from July 2,
1883 ; rental, interest on bonds, 6 p. c. on capital
stock and expenses, etc.
BALANCE SHEET, June 30, 1902.— Capital
stock ($50 shares), $2,000,000; funded debt, $2,000,-
000 — total, $4,000,000. Contra : Cost of road, etc.,
$3,386,898 ; cash and current assets, $613,102 — total,
$4,000,000.
FUNDED DEBT consists of $1,000,000 1st 5s of
May 1, 1912; and $1,000,000 2d gold C.i of July 1,
1925.
CORPORATE OFFICERS.— Geo. F. Baer.
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ;
D. Jones, Compt. Office, Philadelphia, Pa.
\VILMINGTON AND NORTHERN RR. —
Wilmington, Del., to High's Junction, Pa., 71.50
m. ; Wharf Branch, 0.60 m. ; French Creek
Branch, 5.90 m. ; Rockland Branch, 1.00 m. ; Dela-
ware River Branch, 3.70 m. ; Christiana Avenue
Branch, 1.87 m. ; South Walnut Street Branch,
1.07 m. ; Kentmere Branch, 2.77 m. — total, 88.41
m. ; total track (steel, 115.16 m.), 121.93 miles.
Rail, 56 to 79 Ibs.
HISTORY. — Successor, Jan. 18, 1S77, to the
Wilmington and Reading RR. Co. (See Manual
for 1891, page 584.) Leased to the P. & R. Ry.
Co. for 999 years from Feb. 1, 1900, at a yearly
rental equivalent to the interest on the bonds,
3J p. c. on the capital stock and taxes.
ROLLING STOCK. — Locomotives, 29. Cars —
passenger, 24; baggage, etc., 11; freight (box, 59;
fiat, 492; stock, 2; coal, 10; caboose, 6), 569;
other, 9; — total, 013. Also 3 tugboats, 5 car floats,
and 3 lighters.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $1,500,000; funded debt, $760,-
000; equipment trust (covering 200 freight flats),
$36,000; real estate mortgage, $25,000; current
liabilities, $14,060; accrued interest, $4,858; profit
and loss, $46,866 — total, $2,386,784. Contra : Cost
of road, etc., $2,048,370 ; cash and current assets,
$338,414 — total, $2,386,784. The Reading Co. owns
more than 99J p. c. of this company's capital
stock.
FUNDED DEBT consists of $354,000 1st 5s of
Dec. 1, 1927; and $406,000 ($1,000,000 auth.) gen.
gold 5s of Aug. 1, 1932. The 1st mtge. bonds are
redeemable after Dec. 1, 1907, and are secured on
all property owned Dec. 1, 1887, except rolling
150
POOR'S MANUAL OP RAILROADS — MIDDLE ATLANTIC GROUP.
stock. The gen. mtge. is secured on all property,
including rolling stock. Of the gen. mtge. bonds
a sufficient amount is reserved to retire the firsts
at maturity. The guaranty of the Reading Co..
both as to principal and interest, is endorsed on
the gen. mtge. bonds.
CORPORATE OFFICERS. — H. A. Du Pont.
Pres.. Wilmington, Del. ; Theodore Voorhees, 1st
Vice-Pros. ; C. E. Henderson, 2d Vice-Pres. ; \V.
A. Church, Treas. ; E. B. Shurter, Sec. ; D. Jones,
Compt. Philadelphia, Pa. Office, Reading Ter-
minal, Philadelphia, Pa.
13. Board of Directors, Philadelphia and Reading Ry. Co., elected October, 13, 1902.
Geo. C. Thomas Phlla., Pa.
J. Lowber Welsh.... -
Henry P. McKean. . . Phila., Pa.
H. A. Du Pont. Wilmington, Del.
Chas. Steele. .New York, N. V.
J. S. Harris. .Philadelphia. Pa.
GEORGE F. BAER, President Philadelphia, Pa.
Theodore Voorhees. 1st V ice-President
Charles E. Henderson, 2d Vice-President "
Treasurer — Wm. A. Church Philadelphia, Pa. I Se<-retary — W. R. Taylor Philadelphia, Pa.
Gen. Stipt. — A. T. Dice Reading, Pa. | Comptroller — D. Jones
PRINCIPAL OFFICE AND ADDBESS Reading Terminal, Philadelphia, Pa.
READING COMPANY— Subsidiary Corporations.
BEADING IRON COMPANY.
Organized in November, 1896, to take over the iron lands and property formerly
owned by the Philadelphia and Reading Coal and Iron Co. No official information can
be obtained respecting this company, all requests therefor having been refused. Capital
stock, $1,000,000, all of which Is owned by the Reading Co. and pledged under the joint
mortgage of Jan. 5, 1897.
Directors (elected Feb. 10, 1903).— George F. Baer (Chairman), F. C. Smink,
J. Lowber Welsh, Joseph S. Harris, and S. R. Seyfert. OFFICERS: F. C. SMINK, Pres.
<t Gen. Mgr.; George B. Harris, Treas.; George W. Delaney, Sec. GENERAL OFFICE,
Reading, Pa.
READING SYSTEM— Controlled Railroads.
ATLANTIC CITY RE.— Camden to Atlantic City, N. J., 56.78 m.; Camden to
Grenlock, N. J.. 11.45 m. ; Atco to Mullica Hill, N. J., 22.65 m. ; Winslow Junction to Cape
May, N. J., 54.15 m.; Ocean City Junction to Ocean City, N. J., 10.30 m.; Tuckahoe to Sea
Isle City, N. J., 12.23 m.— total, 167.56 m.; 2d track, 56.69 m.; total track (steel; 62^
to 90 Ibs.), 263.69 miles. Gauge, 4 ft. 8}4 in.
History. —Consolidation, May 24, 1901 (effective July 1, 1901), of The Atlantic
City RR. Co., The Camden County RR. Co., Seacoast RR. Co., and The Ocean City RR. Co.
For information respecting the constituent companies see MANUAL for 1901, page 156.
Rolling Stock, June 30, 1902. — Locomotives, 31. Cars — passenger, 110; bag-
gage, mail and express, 5; caboose, 3; service, 7 — total, 125.
Operations, year ending June 30, 1902. — Gross earnings — passenger, $833.693;
merchandise, $380,550; coal, $57,570; mail and other, $38,432— total, $1,310,245. Oper-
ating expenses — maintenance of way, $256,404; equipment, $138,580; transportation,
$620,619; other. $87,773— total, $1,103,376. Net earnings, $206,869. Deduct fixed charges,
$202.831. Surplus, $4,038.
General Balance Sheet, Sept. 30, 1902.— Capital stock, $3,625,000; funded
debt, $3,714,434; real estate mtges., $42,075; Ocean City RR. scrip, $20,977; securities of
merged roads outstanding, $983; due P. & R. Ry. Co. in current account, $336,125;
accrued interest and taxes, $77.898; vouchers and pay rolls, $130,600; profit and loss.
$81.940; insurance fund, $22,474 — total, $8,052,506. Contra: Cost of road, $6,888,372;
equipment, $651,549; real estate, $179,606; loan account, Delaware River Ferry Co. of
N. J., $103,000; materials on hand, $58,565; cash and current assets, $171,414 — total.
$8,052. f)06.
Capital Stock — The amount of capital stock authorized is $3,625,000, consisting of $1,000,-
000 of preferred stock and $2.625,000 of common stock, in $50 shares. . The outstanding capital
stock Is as follows: Preferred stock, $998.550; common stock, $2,615,700; preferred stock, The
Atlantic City RR. Co., $1,450 ; common stock. The Camden County RR. Co., $3,400 ; preferred
stock. Seacoast RR. Co., $2,950 ; common stock. Seacoast RR. Co., $2,950 — total, $3,625,000. The
Reading Co. owns all the preferred stock and 99.7 p. c. of the common stock of the consolidated
company.
Ponded Debt. — The funded debt, as per general balance sheet, consists of (1) $1,063,000 1st
con*ol. gold 4s of July 1, 1951; (2) $2,200,000 The A. C. RR. 1st gold 5s of May 1, 1919; (3)
POOR S MANUAL READING SYSTEM.
151
$75,000 The A. C. RR. real estate purchase money 4Ja of April 1, 1930; (4) $350.000 Seacoast
RR. prior lien gold 5s of April 1, 1948; (5) $23.500 Seacoast RR. gen. lien 5s of April 1, 1948;
(6) $2,834 Seacoast RR. gen. lien 3s of April 1, 1948. and $100 Ocean City RR. 1st 5s. The A. C.
RR. 1st 5s of 1919 are secured on the main line, Williamstown Branch and 4.18 miles of the
Gloucester Branch, from Camden to Mt. Ephraim ; a total of 83.52 miles. The Seacoast RR. bonds
are secured in the order of their priority on the Cape May and Sea Isle City Branches, together
66.35 miles in length. The 1st consols of 1951 are secured on the entire property of the company,
but subject to prior liens. The authorized amount is $4,500,000, the unissued bonds being reserved,
$2,651,000 of them for the retirement of the prior liens, and the remaining $786,000 to aid in the
completion of the railroad. The 1st consols of 1951 and the 1st 5s of 1919 are guaranteed by the
Reading Co., both as to principal and interest.
Directors (elected Oct. 13, 1902).— George F. Baer, Theodore Voorhees, C. E.
Henderson, W. G. Brown, Philadelphia, Pa.; Richard McAllister, Atlantic City, N. J. ;
Henry D. Moore, Haddonfield, N. J. ; H. C. Felton, Frank B. Sitley, F. R. Brace, Camden,
N. J. ; Edward H. King, Glassboro, N. J. ; L. H. Parkhurst, Hammonton, N. J. ; Theo. B.
Gibbs, Clementon, N. J. ; Samuel Garwood, Williamston, N. J. OFFICERS : GEORGE F.
BAER, Pres.; Theodore Voorhees, 1st Vice-Pres.; C. E. Henderson, 2d Vice-Pres.; W. R.
Taylor, Sec.; W. A. Church, Treas.; D. Jones, Compt., Philadelphia, Pa. CORPORATE
OFFICE, Camden, N. J. Operating Office, Reading Terminal, Philadelphia, Pa.
CATASATJQUA AND FOQELSVILLE RR.— Catasauqua, Pa., to Ritten-
house Gap, Pa., 18.94 m. ; Breinigsville Branch, 5.58 m.; Crane Branch, 3.37 m. ; Gehman
Branch, 1.61 m. — total, 29.5 m. ; total track, 37.09 miles. Gauge, 4 ft. 8^ in. Rail (steel,
21.05 m.), 50 and 79 Ibs.
History. — Chartered April 3, 1853; road opened in July, 1857. Controlled by
Reading Co. through ownership of a majority of the capital stock.
Rolling Stock, June 30, 1902. — Locomotives, 4. Cars — passenger, 5; baggage,
1; freight (box, 2; flat, 1; other, 2), 5 — total cars, 11.
Operations, year ending June 30, 1902. — Train mileage — passenger, 8,454;
freight, 47,685 — total, 56,139 miles. Passengers carried, 7,466; carried one mile, 40,780.
Tons freight moved, 535,455; moved one mile, 5,809,229. Earnings — passenger, $819;
freight, $108,947; other, $523 — total, $110,289. Operating expenses, $43,246. Net earnings,
$67,043; add other receipts,' $1,693— total, $68,736. Total deductions (including divi-
dends, $25,614), $35,574. Surplus, $33,162. (This statement of operations is taken from
the Annual Report of the Secretary of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1902.— Capital stock ($25 shares), $426,-
900; funded debt (1st gold 4s of July 1, 1928), $135,000; current liabilities, $26,415.26;
profit and loss, $104,218.90— total, $692,534.16. Contra: Cost of road, $555,882.89; cost
of rolling stock, $16,785; materials, etc., $4,349.40; cash and current assets, $115,516.87 —
total, $692,534.16.
Directors (elected Nov. 3, 1902) .—Theodore Voorhees, B. H. Bail, Joseph S. Harris,
William S. Pilling, C. E. Henderson, Philadelphia, Pa.; Leonard Pickitt, Samuel Thomas,
David H. Thomas, Catasauqua, Pa. ; Fred R. Drake, B. F. Fackenthal, Jr., Easton, Pa.
OFFICERS: GEORGE F. BAER, Pres.; W. A. Church, Treas.; W. R. Taylor Sec.; D. Jones,
Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
CENTRAL RR. OF NEW JERSEY.— The mileage operated by this company
on June 30, 1902, was as follows:
Lines Owned (total, 154.27 miles).
Jersey City to Phillipsburg, N. J 72.30 m
Communipaw to Newark, N. J 6.22m
Brills to Passaic River, N. J 1.68m
Centreville to Constable's Hook, N. J. . 1.95 m
Ellzabethport to Perth Amboy, N. J.... 12.13m
Maurer to S. I. T. C. Lumber Co 0.44 in
Elizabetbport to Brills, N. J 5.51 m
Elizabeth to Elizabethport Docks, N. J.. 3.02 m
Somerville to Flemington, N. J 15.78 m
High Bridge to Port Oram, N. J 25.17 m
German Valley to Chester, N. J 4.51 m
Hopatcong June, to Nolan's Point, N. J. . 5.56 m
Proprietary Roada (total, 216.73 miles).
Lafayette RR. :
Lafayette to Griffuig Iron Works, N. J. 0.55 m.
West Side Connecting RR. :
West Side Ave. to Danforth Ave 0.94m.
Manufacturers' Extension RR. :
Albert Street to Mapes Works 1.23 m.
Sound Shore RR. :
Broadway, Elizabeth, to Carteret, N. J.,
including Bayway and Tremley Spurs 6.17 m.
Carteret Extension RR. :
Carteret, N. J., to Staten Island Sound 1.82 m.
Carteret & Sewaren RR. :
Liebig's to Port Reading RR 1.25m.
Roritan North Shore RR.:
Perth Amboy to Raritan Brick Works. . 1.75 m.
Elizabeth Extension RR. :
Great Island Junction to Terminus 0.89m.
Middle Brook RR. :
Middle Brook to Chimney Rock, N. J.. 1.85 m.
Middle Valley RR. :
Middle Valley, N. J., to Quarry 1.38m.
Navesink RR. :
Atlantic Highlands to Highl'd B'ch.N.J. 4.66 m.
New Jersey Southern RR. (75.66 miles) :
Highland Beach to Long Branch, N. J. . 6.19 m.
Highland Beach to Govt. Line, N. J. . . 0.34 m.
Long Branch to Atsion, N. J 59.22m.
Atslon to Terminus, N. J 0.83m.
Eatonton to Port Monmouth Shore.N.J. 9.08 m.
West End RR. :
Long Branch to West End, N. J 1.55m.
Toms River RR. :
Manchester to Toms River, N. J 7.57 m.
Vineland RR. :
Atsion to Bay Side, N. J 46.82m.
152
POOR'S MANUAL OP RAILROADS — MIDDLE ATLANTIC GROUP.
Vuto £12. :
Greenwich to Cohansey Creek. N. J 1.03 m.
Clim(/<-r<i:ii</ nii'l Mn-i UK.:
uu <" Hivalvf. N. J 21.20 ni.
a Jyuurnv River Ejt. KR. :
i"" Junction to Bridgeton, N. J.. 1.23 m.
Toms A'lrrr ninl Hurm-ijat KK.:
Tiiin. KIMT to liurnegat, N. J 14.71 m.
lil and Atlantic Highlands Kit.:
Fret-hold to Atlantic Highlands, N. J.. 22.75 in.
Atlantic Highlands to Stone Church, N.J. 1.72 m.
ticw York and Long liranch RR. :
Perth Amboy to Bay Head RR 38.04 m.
Leaned Llnew (total, 289.06 miles).
Dover and Rockaicay RR. :
Port Oram to Kockaway, N. J 5.12 m.
Offden Vine RR. :
Nolan's Point to Edison. N. J 9.86 m.
llilH-rnia Mine RR.:
Itockaway to Hibernia Mine. N. J 4.20m.
Lrhiyh and Ku^iuehanna RR. (163.79 m.) :
Phillipsburp, N. J., to Union June., Pa. 105.34 m
Bethlehem June, to So. Bethlehem, Pa 0.26 m
Main Line .June, to Quarries, Pa 0.50m
Northampton to Hokendauqua, Pa 0.82 m
Main Line to Allen Cement Works, Pa 0.96 m
Northampton to Standard Cement Wks 0.56 m
Drifton Junction to Drifton. Pa 10.50 m
Upper Lehigh June, to Up. Lehigh, Pa 9.35 m
Pond Creek June, to Sandy Run, Pa. 2.62 m
Pond Creek Junction to Zehner, Pa 0.26 m.
Ashley to Collieries, Pa 17.04m.
Leemine Station to Nantic-okr, Pa.... 1.97m.
Miner's Mills to Port Blan<.-li;iMl. Pa.. 5.07m.
Union Junction to Bverhart, Pu 3.07m.
Solomon's Gap to Ashley, Pa 3.20 m.
Franklin Juno, to Uuttonwood, Pa 2.27 m.
Alien town Terminal RR. (3.27 mi1
E. Allt utown to Main Line L. & S. KR. 2.69 m.
Spur to Iowa Earb Wire Works 0.22m.
Spur to Lehigh Iron and Steel Works.. 0.36 m.
Wilkes- liarre and Scranton RR. :
Minooka Junction to Scranton, Pa 4.37m.
Nexqvehoniny Valley RR. :
NVsquehoning June, to Tamanend, Pa.. 16.66 m.
Tresckow RR. :
Silver Brook to Audenried, Pa 7.60 m.
l.rh'i/ti and Lackawanna RR. :
Bethlehem to Wind Gap, Pa 25.39 m.
Bath to Lawrenceville, Pa 0.79m.
Wind Gap and Delaware RR. :
Bangor to Lake Poponoming, Pa 9.96 m.
Trackage Right* (total, 16.94 m).
Union Coal RR.:
Union June, to Minooka June., Pa 9.66m.
Lt-high and New England RR. :
Bangor June, to Bender June., Pa 2.08 m.
Philadelphia and Reading Ry. :
Tamanend to Silver Brook, Pa 5.20m.
Total mileage operated 676.99m.
2d track (owned, 96.16 m.j proprietary, 11. Ol in.; leased, 144.76 m. ; trackage, 9.66 m.),
261.59 m.; 3d track (owned, 30.33 m.; leased, 5.39 in.), 35.72 m.; 4th track (owned),
29.73 m.; sidings (owned, 213.92 m.; proprietary, 57.82 m.; leased, 213.61 m.), 485.35
miles. Gauge, 4 ft. 8^ in. Rail — iron, 50 to 70 Ibs. ; steel (owned 498.5 m. ; proprietary,
267.15 m.; leased, 033.08 m.; trackage, 26.6 m.— total, 1,425.33 m.), 56 to 80 Ibs.
History. — Consolidation, Feb. 22, 1849, of the Elizabeth and Somerville RR. Co.
and the Somerville and Easton RR. Co. On various subsequent dates the company ab-
sorbed the Newark and New York RR. Co., the Perth Amboy and Elizabeth RR. Co., the
Constable's Hook RR. Co., the Manufacturers' RR., the South Branch RR. Co., the High
Bridge RR. Co., the Longwood Valley RR. Co. and the Lake Hopatcong RR. Co. The
proprietary lines (see mileage statement) have also been practically absorbed, and sepa-
rate statements for them are not published in the MANUAL. The latest report issued by
the company was for the year ending Dec. 31, 1901, and an abstract of it is in the
MANUAL for 1902, on page 156 et seq. The fiscal year of the company has been changed
to end on the 30th cf June, and the next report will be for the year ending June 30, 1903.
As the company declines to furnish any statistics in advance of the publication of that
report, recourse has been had to the Annual Report of the Secretary of Internal Affairs
of Pennsylvania for most of the information given in this statement.
Equipment, June 30. 1902. — Locomotives, 448. Cars (passenger, baggage, etc.,
473; freight, 18,495; service, 513), 19,481. The dbmpany also owns 3 steamboats, 7
ferryboats, 9 tug boats, 20 car floats, and 15 sea-going coal barges.
Operations, year ending June 30, 1902. — Train mileage — passenger, 3,492,120;
freight, 2,874,296; other, 126,114 — total, 6,492,530. Passengers carried, 14,674,725;
carried one mile, 218,155,743. Tons freight moved, 17.319,650; moved one mile, 1,319,-
293,875. Earnings— passenger, $3,749,090; freight, $12,548,076; other, $229,232— total,
$16526,398. Operating expenses, $9,646,088. Net earnings, $6,880,310; other income,
$1.535,758 — total, $8.416.008. Charges and deductions (including dividends, $1,985,648),
$7,349,848. Surplus for year, $1,066,220.
General Balance Sheet, June 30, 1902.
Railroad and Equipment $52,016.08837
Securities Owned 26.165,92637
Other Permanent Investments 2,015,30966
Lands Owned 3,396,926 19
Materials and Supplies 899,46277
Cash and Current Ascets 6,155,103 52
Sundry Assets 414,37396
Total Assets $91,063,190 84
Capital Stock ( $30.000,000 auth. ; $100
shares) $27,414,800 00
Funded Debt Outstanding 46,332,00000
Real Estate Mortgages 179,10000
Current Liabilities 7,107,91199
Interest and Rentals Due 58,941 26
Accrued Dividends 548,296 00
Insurance and Improvement Fund 450,185 70
Amount due in Redemption 9,731 tiO
Profit and Loss 8,962,224 29
Total Liabilities $91,063,190 84
POOR S MANUAL READING SYSTEM.
153
Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of (1) $1,167,000
consol. 7s of Nov. 1, 1902; (2) $51,000 convertible debenture 6s of May 1, 1908; (3) $43,924,000
gen. 5s of July 1, 1987, and (4) $1,190,000 equipment 4 p. c. bonds, payable $170,000 yearly to
1910. Since June 30, 1902, $1,000 convertible debentures have been converted into capital stock,
$1,167,000 gen. 5s have been issued to replace the consol. 7s matured Nov. 1, 1902, and $2,000,000
equipment trust bonds, designated series B, and payable $200,000 yearly to 1912, have been issued
for additional equipment. The authorized issue of gen. mtge. bonds is $50,000,000. They are se-
cured upon the entire property of the company and by deposit of stock of other companies as shown
in the statement of securities owned.
Guaranties. — The Central RR. Co. of New Jersey guarantees, both as to principal and in-
terest, $4,987,000 American Dock and Improvement Co. 1st 5s of July 1, 1921, and $12,175,000
Lehigh and Wilkes-Barre Coal Co. consol. gold 4£s of June 1, 1910. The Central RR. Co. of New
Jersey and the Lehigh Coal and Navigation Co. guarantee by endorsement, jointly and severally,
$1,062,000 Lehigh and Hudson River RR. gen. gold 5s of July 1, 1920, both as to principal and
interest. The Central RR. Co. of New Jersey, and the Pennsylvania RR. Co. jointly guarantee the
interest on the bonds of the New York and Long Branch RR. Co. ($192,000 5s and $1,500,000 4s),
under the terms of the lease.
Securities Owned. — The book value of securities owned by the company as per general
balance sheet of Dec. 31, 1901, was $26,143,275.43, being $22,650.94 in excess of the value of
securities owned as per general balance sheet of June 30, 1902. The details of the securities owned
on June 30, 1902, not being obtainable, and the difference in value as compared with Dec. 31 1901
being so slight, the following list of securities owned as of the latter date Is repeated from the
MANUAL, for 1902 :
STOCKS.
* American Dock & Improvement Co. f3,000.000 00
Alliance Coal Mining Co 150,00000
* Allentown Terminal Ry. Co 225,00000
Allentown Iron Co 148,500 00
Bait., Ches. & Atl. Ry. Co., pref.... 1,00000
•Dover & Rockaway RR. Co 45,00000
Hunter Run Water Co 5,00000
Lackawanna Iron & Steel Co 20,000 00
t Lehigh & Wilkes-Barre Coal Co.... 8,124,650 00
Lehteh Valley RR. Co 1,600,000 00
Lehigh & Hudson River RR. Co 437,100 00
* New York & Long Branch RR. Co. . 2,000,000 00
Ogrten Mine RR. Co 20,000 00
Pafsaic River Extension RR. Co 7,700 00
Scranton Steel Co 10,000 00
Spring Brook Water Supply Co. of Pa. 375,900 00
Temple Iron Co 66,300 00
BONDS.
Alliance Mining Co., 6s $48 000 00
Brooks, R. G 28!000 00
Carbon Iron & Steel Co., 5s 15000000
Real Estate Mortgages 132 167 00
Sea Coast RR. Co 3,500 00
Lehigh & Wilkes-Barre Coal Co. :
Income 7s, 1899 2,353,000 00
5s of 1910 8,834,33885
5s of 1912 811,000 00
Consol. 4Js, extended, 1910 4,332,00000
C. RR. of N. J., equipment 432,00000
N. Y. & L. B. RR. gen. 5s 29,00000
Total $17,153,005 85
Total $16,236,15000 Grand Total .$33,389,155 85
•All of these stocks, $7,850,000, of the Lehigh and Wilkes-Barre Coal Co. stock and all the
securities of the proprietary roads (see mileage statement) are deposited under the general mort-
gage of the Central RR. Co. of New Jersey.
RAILROADS OWNED, LEASED OB OPERATED BY THE C. RR. Co. OF N. J.
Allentown Terminal RR. — East Allen-
town to Main Line (C. RR. of N. J.), 3.27 m. ;
2d track, 2.69 m. ; total track (steel), 11.33 miles.
Organized Aug. 20, 1888 ; opened March 17, 1890.
Leased for 999 years to the P. & R. & C. RR. Co.
of N. J. by assignment from L. C. & N. Co.,
at a rental equal to interest on bonds and 5 p. c.
on stock (payable J. & D., in Philadelphia).
Balance sheet, Dec. 31, 1902. — Capital stock
($50 shares), $450,000, funded debt (1st 4s of July
1, 1919), $450,000; current liabilities, $147,985; ac-
crued interest on bonds, etc., $9,200 — total,
$1,057,185. Contra: Cost of road, $1,042,131; cash
and current assets, $15,054 — total, $1,057,185.
The bonds are guaranteed, principal and in-
terest, by the Phila. and Reading and Lehigh
Coal and Nav. Cos.
Lewis A. Riley, Pros. ; C. F. Howell, Vice-
Pres. ; H. F. Baker, Sec. & Treas., Philadelphia,
Pa. Office, 108 South Fourth St., Philadelphia,
Pa.
Dover and Rockaway RR. — Port Oram,
N. .1., to Rockaway, N. J., 5.12 m. ; total track
(steel, 6.95 m.), 7.75 miles.
Chartered March 8, 1880. Opened in 1881 as a
continuation of High Bridge RR. Leased to C.
RR. Co. of N. J., for 999 years ; rental— interest
on bonds, $2,100; dividends (A. & O., 3 p. c. each,
in New York), $8,400; organization expenses,
$500 — total, $11,000.
Capital stock, $140.000; funded debt (1st 6s of
Jan. 1, 1906), $35,000 — total, representing cost,
etc., $175,000.
Geo. F. Baer, Pres. ; G. O. Waterman, Sec. &
Treas., New York, N. Y. Office, 143 Liberty St.,
New York, N. Y.
Hlbernla Mine RR Rockaway (M. & E.
RR.), N. J., to Hibernia Mine, N. J., 4.20 m. ;
total track (steel, 4.43 m.), 7.57 miles. Rail, 50
Ibs.
Chartered March 18, 1863. Leased Oct. 1, 1890,
to the C. RR. Co. of N. J., at an annual rental of
6 p. c. on its capital stock.
Capital stock, $200,000. Cost of road, $188,941.
F. H. Beach, Pres., Dover, N. J. ; J. Wesley
Pullman, Sec. & Treas., Philadelphia, Pa. Office,
Dover, N. .1.
I.ehigrh and Laelcawanna RR. — Bethle-
hem, Pa., to Wind Gap, Pa., 25.39 m. ; branch,
0.79 m. ; operated (Wind Gap and Delaware RR.),
9.96 m. : trackage (L. & N. E. RR.), 2.08 m. —
total, 38.2 m. ; sidings, etc., 6.22 miles. Rail —
iron, 57 Ibs. ; steel (43.66 m.), 60 Ibs.
Organized May 1, 1861. Road opened in 1867 :
leased to Lehigh Coal and Navigation Co. for 99
years from Jan. 23, 1867. Operated by the C.
RR. of N. J., from Jan. 1, 1893, for 21 p. c. of
gross receipts.
Capital stock paid in, Dec. 31, 1902 ($1,000,000
auth. ; $50 shares), $370,500. Funded debt (1st 7s
of Dec. 1, 1907, $100,000; 2d 7s of Dec. 10, 1907,
$500,000), $600,000.
L. A. Riley, Pres. ; C. F. Howell, Vice-Pres. ;
H. F. Baker, Sec. & Treas. Office, 108 South
Fourth St., Philadelphia, Pa.
I.«-hl«ih and Susquehannn RR. — Length
of lines owned (see lessee's mileage statement
for details), 163.79 m. ; 2d track, 94.54 m. ; 3d
track, 5.39 m. ; sidings, 130.79 m. ; total track
(steel, 388.62 m.), 394.51 miles. Rail (steel), 60,
62J and 65 Ibs. These roads are the property of
the Lehigh Coal and Navigation Co., chartered
154
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Feb. 13. 1832. (See Manual for KU page 710.)
They are leased for '999 years, from March 31,
1871. to the C. RR. Co. of N. J., at an annual
rental of 33J p. c. of the gross receipts, a mini-
mum of $1.414,400 being guaranteed. (See Manual
for 1900. page 79 ; also General Index for L. C. A
N. Co.) The company leases the Lehigh and
Lackawanna RR., Nesquehoning Valley RR..
Tresckow RR. and Wllkes-Barre and Scranton
RR. and has trackage rights in the Union Coal
RR. of the Delaware and Hudson System. The
leases and the trackage contract have been as-
signed to the Central RR. Co. of New Jersey.
Mauch Chunk, Summit Hill and
Switchback RR — Mauch Chunk, Pa., to
Summit Hill, Pa., 9 miles. This gravity road
was built in 1826 for the transportation of coal
from Summit Hill to the Lehigh River at Mauch
Chunk. The empty cars were hauled back by
mules, brought down in a car for that purpose
with the coal. For the return of the empty cars
there were built in 1844 two inclined planes — Mt.
Plsgah. 2,322 ft. long and 900 feet rise above
Mauch Chunk and Mt. Jefferson, 2,070 ft. long
and 462 ft. rise — making an entire circuit of 18
miles. It was abandoned for transportation of
coal In 1870, and has been operated since exclu-
sively as a pleasure road. It is leased from the
owners, the C. RR. of N. J., by Alonzo P. and
Asa P. Blakslee, of Mauch Chunk, and is operated
from May 15 to Nov. 1, each year. Equipment :
18 8-whcel passenger cars, 7 4-wheel passenger
cars, 4 8-wheel coal cars, 1 8-wheel flat car, 1
8-wheel water car, and 3 4-wheel workmen's
trucks.
Nemiuehonlnj? Valley RR. — Nesquehon-
ing June, to Tamanend, Pa., 16.66 m. ; 2d track,
7.43 m. ; total track (steel, 32.70 m.), 34.54 miles.
Opened In 1870. Leased to the L. C. & N. Co.
for 999 years, Nov. 4, 1868. The road is included
in the lease of the Lehigh and Susquehanna RR.
made March 31, 1871, to the C. RR. Co. of N. J.,
and is now operated by that company. The
rental under the lease, paid by the L. C. & N.
Co., is 5 p. c. dividends annually on the capital
stock. The lessees have the right to commute
the rental on Sept. 1, Ifl04, by purchasing the
capital stock of this company at par. (See Man-
ual for 1899, page 96.)
Capital stock, $1,418,600. Cost of road, etc., $1,-
422,221.
L. A. Riley, Pres. ; C. F. Howell. Vice-Pres. ;
H. F. Baker, Sec. & Treas., Philadelphia, Pa.
Office, 108 South Fourth St., Philadelphia, Pa.
N«-\v York and I. out Urnnch RR. — Perth
Amboy to Bay Head, N. J., 38.04 m. ; 2d track,
38.04 m. ; total track (steel, 105.53 m.), 109.11
miles.
Consolidation, Dec. 21, 1881, of the New York
and Long Branch, New Egypt and Farmingdale,
Long Branch and Sea Girt, N. Y. and Long
Branch Extension, and Long Branch and Barne-
gat Bay RRs. Leased to the C. RR. Co. of
N*. J. and the Penn. RR. Co., Jointly for 99 years
from Jan. 2, 1888 ; rental. Interest on bonds, 7
p. c. on stock, and $6,000 for expenses of organiza-
tion. Dividends are paid monthly. The road is
operated under Independent management, but
earnings are not kept separate.
Capital stock, $2,000,000; funded debt (gen. 5s of
Sept. 1. 1941, $192,000; gen. 4s of Sept. 1. 1941.
$j, £53,000), $1,745,000 — total, representing cost,
etc., $3,745.000.
George F. Baker, Pres. ; G. O. Waterman, Sec.
& Treas., New York, N. Y. Office, 143 Liberty
Street, New York, N. Y.
Off den Mine RR. — Nolan's Point to Edison,
N. J., 9.86 m. ; total track (steel, 14.71 m.), 15.75
miles.
Chartered Feb. 19, 1864. Leased Nov. 4, 1881,
to the C. RR. Co. of N. J., for 999 years, from
Jan. 1, 1882; rental, 5 p. c. on the stock (J. & J.,
in Philadelphia), $22,500, and $500 for organiza-
tion expenses.
Capital stock, $450,000. Cost of road, etc., $460,-
000 ; investments, $1,700 ; other assets, $395 — total,
$452,095.
Herbert M. Howe, Pres. ; John L. Wilson,
Treas. & Sec., 608 Chestnut St., Philadelphia, Pa.
Tresckow RR. — Sllverbrook to Audenried.
Pa., 7.60 m. ; total track (steel, 14.72 m.), 16.50
miles.
Chartered May 26, 1870 ; opened in 1872. Leased
to Lehigh Coal and Navigation Co., and included
in the lease of the L. & S. RR., made March 31,
1871, to the C. RR. Co. of N. J.
Capital stock ($50 shares), $130,000; floating
debt, $154,790 — total, representing cost, etc., $284,-
790. .
L. A. Riley, Pres. ; C. F. Howell, Vice-Pres. ;
H. F. Baker, Sec. & Treas., Philadelphia, Pa.
Oflice, 108 South Fourth St., Philadelphia, Pa.
Wllkes-Barre and Scrnnton Ry. —
Scranton to Minooka June., Pa., 4.37 m. ; 2d track,
2.06 m. ; total track (steel, 11.13 m.), 12.72 miles.
Rail, 70 Ibs.
Chartered Sept. 8, 1886, to build a railroad from
Scranton to Pittston ; opened as above May 1,
1888. Leased from date of opening to the Lehigh
Coal and Navigation Co. for 5 p. c. dividends on
stock and interest on bonds. The lease was on
the same day assigned to the C. RR. Co. of N. J.,
at a rental equal to 6 p. c. on the cost of the road.
Capital stock ( $50 shares} , $500,000 ; funded
debt (1st 4Js of May 1, 1938), $500,000— total, $1,-
000,000. Cost of road, Dec. 31, 1902, $1,089,582.
L. A. Riley, Pres. ; C. F. Howell, Vice-Pres. ;
H. F. Baker, Sec. & Treas., Philadelphia, Pa.
Office, 108 South Fourth St., Philadelphia, Pa.
Wind Gap and Delaware RR. — Bangor
to Lake Poponoming, Pa., 9.96 miles. Rail
(steel), 60 Ibs.
Chartered Nov. 24, 18SO ; completed in 1888.
Operated in connection with Lehigh and Lacka-
wanna RR.
Capital stock ($50 s-.hares), $50,000: current lia-
bilities, $133,728 — total, $183,728, representing cost
of road, etc.
L. A. Hiley, Pres. ; C. F. Howell, Vice-Pres. ;
H. F. Baker, Sec. & Treas., Philadelphia, Pa.
Office, 108 South Fourth St., Philadelphia, Pa.
Directors, C. RR. Co. of N. J. (elected May 8, 1903).— George F. Baer, E. B.
Thomas, George F. Baker, Harris C. Fahnestock, Charles Steele, New York, N. Y. ; Joseph
S. Harris, J. Lowber Welsh, Philadelphia, Pa. ; J. Rogers Maxwell, Brooklyn, N. Y. ;
Henry Graves, Orange, N. J. OFFICERS : GEORGE F. BAER, Pres. ; J. R. MAXWELL, Chairman
Executive Committee; R. W. de Forest, Vice-Pres. and Oen. Counsel; W. G. Besler, Vice-
Pres. and Gen. Mgr. ; G. O. Waterman, Sec. and Treas., New York, N. Y. ; J. A. Taylor,
Gen. Auditor, Philadelphia, Pa. GENERAL OFFICE, 143 Liberty Street, New York, N. Y.
CHESTER AND DELAWARE RIVER RR. -Marcus Hook, Pa., to Eddy-
stone. Pa., 5.35 m.; total track, 12.09 miles. Gauge, 4 ft. 8i/2 in. Rail (steel, 11.13 m.).
56 to 76 Ibs.
History.— Chartered Oct. 9, 1871; road opened in 1876.
Operations, year ending June 30, 1902. — Train mileage (freight), 3.791 miles.
Tons freight moved, 838,782; moved one mile, 1,558,899. Earnings (freight), $84,966.
POOR'S MANUAL — READING SYSTEM. 155
Operating expenses, $46,226. Net earnings, $38,740. Total deductions, $8,241. Surplus,
$30,499. (This statement of operations is taken from the Annual Report of the Secre-
tary of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $40,000; real
estate mortgages, $8,300; current liabilities, $344,679.46 — total, $392,979.46. Contra:
Cost of road, $245,931.84; cash and current assets, $46,882.53; profit and loss, $100,165.09
— total, $392,979.46. The Reading Co. owns the capital stock.
Directors (elected Jan. 12, 1903). — C. E. Henderson, James M. Landis, Theodore
Voorhees, B. H. Bail, W. G. Brown, D. Jones, Philadelphia, Pa. OFFICERS: GEORGE F.
BAER, Pres.; W. A. Church, Treas.; W. R. Taylor, See.; D. Jones, Compt., Philadelphia,
Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
GETTYSBURG AND HARRISBURG RY. —Carlisle, Pa., to Gettysburg,
Pa., 31.07 m.; Gettysburg to Round Top, Pa., 3 m.— total, 34.07 m.; total track, 40.67
miles. Gauge, 4 ft. Sy2 in. Rail — steel (37.40 m.), 79 Ibs.; iron, 56 Ibs.
History. — Reorganization, July 16, 1891, of the G. & H. RR. Co. (See MANUAL
for 1899, page 197.) A branch from Hunter's Run to Pine Grove Furnace, 8.38 m., is
leased to the Hunter's Run and Slate Belt RR. Co. (See GENERAL INDEX.)
Rolling Stock, June 30, 1902. — Locomotives, 3. Cars — passenger, 10; baggage,
etc., 2), 12.
Operations, year ending June HO, 1902. — Train mileage — passenger, 63,983;
freight, 77,626 — total, 141,609 miles. Passengers carried, 119,045; carried one mile,
2,001,766. Tons freight moved, 360,780 ; moved one mile, 6,428,363. Earnings — passenger,
$35,652; freight, $110,488; other, $451— total, $146,591. Expenses — transportation, etc.,
$53,205; maintenance of way, etc., $24,482; of equipment, $9,058; general, $326— total,
$87,071. Net earnings, $59,520; other receipts, $395 — total, $59,915. Total deductions,
$41,803. Surplus, $18,112. (This statement of operations is taken from the Annual
Report of the Secretary of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $600,-
000; funded debt, $565,000; current liabilities, $178,264.62; interest accrued, not pay-
able, $7,687.50— total, $1,350,952.12. Contra: Cost of road, $1,117,750.34; rolling stock,
$95,302.93; cash and current assets, $43,035.40; materials, etc., $7,561.82; profit and loss,
$87,301.63— total, $1,350,952.12.
Reading Company's Interest.— The Reading Co. owns more than 90 p. c. of
the capital stock, besides $100,000 of the bonds and $18,000 of car trust obligations.
Funded Debt. — The funded debt on June 30, 1902, consisted of $100,000 South
Mountain RR. 1st 4s of April 1, 1898. all held by Reading Co.; $250,000 G. & H. RR. 1st
6s of Oct. 1, 1912, and $215,000 G. & H. Ry. 1st 5s of Oct. 1, 1926. Interest on 1st 5s of
1926 is guaranteed by the P. & R. Ry. Co.
Directors ( elected Jan. 12, 1903). — J. H. Looinis, Roswell Weston, W. G. Brown,
James H. Landis, C. K. Klink, Richard Tull, Philadelphia, Pa. OFFICERS: GEORGE F.
BAER, Pres.; W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones, Compt., Philadelphia,
Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
MIDDLETOWN AND HUMMELSTOWN RR. — Middletown, Pa., to Hum-
melstown, Pa., 6.35 m.; total track, 8.38 miles. Gauge, 4 ft. 8^ in. Rail (steel, 6.8 m.),
60 to 70 Ibs.
History.— Chartered July 31, 1888; road opened Aug. 11, 1890.
Operations, year ending June 30, 1902. — Train mileage — passenger, 5,079;
freight, 7.584 — total, 12,663. Passengers carried, 16,962; carried one mile, 89,858. Tons
freight moved, 25,841; moved one mile, 172,158. Earnings — passenger, $2,390; freight,
$8,392; other, $1— total, $10,783. Operating expenses, $10,595. Net earnings, $188;
other receipts, $16 — total, $204. Sundry charges, $183. Surplus, $21. (This statement of
operations is taken from the Annual Report of the Secretary of Internal Affairs of
Pennsylvania. )
General Balance Sheet, June 30, 1902.— Capital stock ($50 shares), $175,
000; current accounts, $34,522.73; real estate mortgages, $116.65— total, $209,639.38.
Contra: Cost of road, $187,592.93; cash and current assets, $2,232.94; profit and loss,
$19,813.51— total, $209,639.38. The Reading Co. owns the entire capital stock.
Directors (elected Jan. 27, 1903) .—Theodore Voorhees, B. H. Bail, D. Jones,
Jamos M. Landis, W. G. Brown, C. K. Klink, Philadelphia, Pa. OFFICERS: GEORGE F.
BAER, Pres.; W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones, Compt., Philadelphia,
Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
156 moil's MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
NORTHEAST PENNSYLVANIA RE. — Glenside, Pa., to New Hope, Pa.,
; in.; iM truck, l.'.U m.; total track (steel; 70 and 76 Ibs.), 311.05 miles. Gauge,
4 ft. 8J_. in.
History. —Chartered Dec. 4, 1870; road opened, 9.5 m., Dec. 18, 1872; throughout on
April •-»!>, 1891.
Operations, year ending June 30, 1902.— Train mileage — passenger, 127,617; freight,
17,807 — total, 145,4^4 miles. Passengers carried, 686,099; carried one mile, 3,97:5.711
Tons freight moved, !'7,l.i'.>; moved one mile, 1,121,600. Earnings — passenger, $5(5,(ii)t;;
freight, $53,472; other. $110 — total, $110,188. Operating expenses, $95,539. Net earnings,
$14,649; other receipts, $681 — total, $15,330. Total deductions, $41,900. Deficit, $2<>,57<).
(This stntcnti-nt of operations is taken from the Annual Report of the Secretary of Inter-
nal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1902.— Capital stock ($50 shares), $400,-
000; funded debt (1st gold 5s of April 1, 1920), $400,000; coupons accrued, not yet
payable, $5.000; current liabilities, $353,966.80— total, $1,158,966.80. Contra: Cost of
road, $730,549.80; cash and current assets, $2,766.59; profit and loss, $425,650.41— total,
$1,158,966.80. The Reading Co. owns about 80 p. c. of the capital stock.
Directors (elect cd Jan. 12, 1903). — John Lowber Welsh, C. E. Henderson,
Daniel Jones, Theodore Voorhees, Samuel S. Thompson, Henry D. Paxson, B. H. Bail,
Philadelphia. Pa.; Isaac Warner, Jr., Edward E. Paxson, E. Lav/rence Fell, Holicong, Pa.
OFFICERS: GEORGE P. BAER, Pres.; W. A. Church, Trees.; W. R. Taylor, Sec.; D. Jones,
Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
PERKIOMEN RR.— Perkiomen Junction, Pa., to Emaus Junction, Pa., 38.33 m.;
total track, 50.40 miles. Gauge, 4 ft. 8^ in. Rail — iron, 68 Ibs.; steel (48.81 m.), 70 to
79 Ibs.
History. — Chartered March 23, 1865; road opened, 9.5 m., Dec. 18, 1872; throughout
on 1887. The track of the East Pennsylvania RR. is used between Emaus June, and Allen-
town.
Operations, year ending June 30, 1902. — Train mileage — passenger, 103,259;
freight, 183,831 — total, 287,090 miles. Passengers carried, 190,334; carried one mile,
2,237,522; average mile rate, 2.266 cents. Tons freight moved, 1,194,521 ; moved one mile,
41,591,856; average ton-mile rate, 0.815 cent. Earnings — passenger, $55,558; freight,
$338,878; other, $955 — total, $395,391. Operating expenses, $203,890. Net earnings,
$191,501; other receipts, $1,666 — total, $193,167. Total deductions, $104,530. Surplus.
$88,637. (This statement of operations is taken from the Annual Report of the Secretary
of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1902.
Cost of Road J2.826.700 59
Cost of Rolling Stock 51000
Materials on Hand 7,930 48
Cash and Current Assets 193,83253
Profit and Loss 441,554 88
Total Assets $3,470,528 48
Capital Stock ($50 shares) $1,500,00000
Funded Debt 1,924,600 00
Current Liabilities 45,92848
Total Liabilities $3,470,528 48
Reading Company'^ Intereat. — The Reading Co. owns the capital stock and $161,100 of
the bonds. All of the stock, except the shares reserved to qualify directors, is pledged under the
Reading's Jersey Central collateral trust deed.
Funded Debt.— The funded debt on June 30, 1902, consisted of $799.600 ($800,000 auth.)
1st series 5s of Jan. 1, 1918, and $1.125.000 ($1,450,000 auth.) 2d series 5s of Jan. 1, 1918, int.
J., A., J. & O.
Directors (elected Jan. 12, 1903).— Theo. Voorhees, C. E. Henderson, E. F.
Smith, Jas. M. Landis, J. H. Loomis, Thos. M. Richards, Philadelphia, Pa.; Howard
Boyd, Jacob B. Hillegass, Wm. F. Dannehower, Norristown, Pa.; D. K. Graber, Charles M.
Reed, Jonathan P. llillegass, Pennsburg, Pa. OFFICERS: JAMES BOYD, Pres., Norristown,
Pa.; Theodore Voorhees, Vice-Pres.; C. E. Henderson, 2d Vice-Prcs.; W. A. Church,
Trees.; W. R. Taylor, Sec. ; D. Jones, Compt., Philadelphia, Pa. CORPORATE OFFICK.
Reading Terminal, Philadelphia, Pa.
PHILADELPHIA AND CHESTER VALLEY RR. -Bridgeport, Pa., to
Downingtown, Pa., 21.49 m. ; Cedar Hollow Branch, 2.44 m., total, 23.93 in. ; total track,
28.44 miles. Gauge, 4 ft. 8»/2 in. Rail (steel, 26.25 in.), 64, 68, 70 and 79 H».
History.— Chartered March 7, 1888, as successor to the Chester Valley RR. Co.
(See MANUAL for 1891.)
Operations year ending June 30, 1902. — Train mileage — passenger, 34,673;
freight, 25,166 — total, 59,839 miles. Passengers carried, 39,507 ; carried one mile,
POOR'S MANUAL HEADING SYSTEM. 157
314,715; average mile rate, 2.018 cents. Tons freight moved, 247,884; moved one mile,
2,746,121; average ton-mile rate, 2.543 cents. Earnings — passenger, $7,092; freight,
$69,845— total, $76,937. Operating expenses, $47,818. Net earnings, $29,119; other re-
ceipts, $201 — total, $29,320. Total deductions, $15,180. Surplus, $14,140. (This state-
ment of operations is taken from the Annual Report of the Secretary of Internal Affairs
of Pennsylvania.)
General Balance Sheet, June 30, 1 902.— Capital stock ($550,000 common, $205,100
preferred; $50 shares), $755,100; funded debt, $380,510; current liabilities, $148,501.51;
coupons accrued, not payable, $3,555.10 — total, $1,287,666.61. Contra: Cost of road.
$1,099,066.36; cash and current assets, $79,512.74; profit and loss, $109,087.51— total,
$1,287,666.61.
Fnnded Debt. — The funded debt on June 30, 1902, consisted of $280,510 preferred 4s of
April 1, 1938, and $100,000 non-preferred 3s of April 1, 1938. The bonds are guaranteed, principal
and interest, by the Reading Co.
Reading Company's Interest. — The Reading Co. owns all of the preferred stock, about
83 p. c. of the common stock, $25,000 of the preferred bonds and $47,000 of the non-preferred bonds.
Directors (elected Oct. 13, 1902).— C. E. Henderson, James M. Landis, Charles
Heebner, Theodore Voorhees, W. R. Taylor, Hugh DeHaven, Philadelphia, Pa. OFFICERS:
GEORGE F. BAER, Pres.; W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones, Compt..
Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
PHILADELPHIA AND FRANKFORD RR.— Crescent ville, Pa., to Frankford,
Pa., 2.59; total track (steel; 70 and 80 Ibs.), 4.09 miles. Gauge, 4 ft. 8y2 in.
History. — Chartered March 21, 1892. Operated under agreement, dated May -I,
1894, by the Philadelphia and Reading Ry. Co., by which that company pays a sum equal
to 25 p. c. of the gross receipts, to be applied by the trustees to the payment of interest
on 1st mtge. bonds. Income, year ending June 30, 1902, $34,696.76. Paid interest on
bonds, $20,000; taxes, $2,019.53— total, $22,019.53. Surplus, $12,677.23.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $500,000;
funded debt (1st gold 4s of Aug. 1, 1922), $500,000; current liabilities, $232,950.62;
profit and loss, $27,754.58 — total, $1,260,705.20. Contra: Cost of road, $732,192.92; cash
and current assets, $528,512.28— total, $1,260,705.20. The Reading Co, owns the entire
capital stock.
Directors (elected Oct. 13, 1902).— W. W. Foulkrod, Theodore Voorhees, D. C.
Nimlet, C. E. Henderson, John Lowber Welsh, William M. Horrocks, Philadelphia, Pa.
OFFICERS: GEORGE F. BAER, Pres.; W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones,
Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
PHILADELPHIA, NEWTOWN AND NEW YORK RR.— Erie Avenue
Junction, Philadelphia, Pa., to Newtown, Pa., 20.67 m. ; Newtown Junction, Philadelphia,
to Olney, Pa., 1.04 m.— total, 21.71 m.; total track (steel; 68 and 70 Ibs.), 25.16 miles.
Gauge, 4 ft. 8^ in.
History. — Chartered April 2, I860; road opened to Newtown, February 2, 1878.
Consolidated Sept. 1, 1892, with the Philadelphia and Newtown Connecting RR. Co.
Operations, year ending June 30, 1902. — Train mileage — passenger, 140,779; freight,
12,998— total, 153,777 miles. Passengers carried, 650,637; carried one mile, 3,609,248.
Tons freight moved, 102,254; moved one mile, 979,329. Earnings — passenger, $57,680;
freight, $44,622; other, $5,877— total, $108,179. Operating expenses, $97,184. Net
earnings, $10,995; other receipts, $486 — total, $11,481. Total deductions, $28,874. Deficit,
$17,393. (This statement of operations is taken from the Annual Report of the Secretary
of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1902. — Capital stock ($1,225,000 common; $400,-
000 preferred; $50 shares), $1,625,000; funded debt (1st gold 3s of Oct. 1, 1942), $1,417,-
000; current liabilities, $280,593.11; accrued interest, not yet payable, $3,802.50 — total,
$3,326,395.61. Contra: Cost of road, $2,703,213.30; materials and supplies, $4,699.81;
cash and current assets, $12,974.77; profit and loss, $605,507.73— total. $3,326,395.61.
Reading Company'* Interest. — The Reading Co. owns $625,600 of the common stock,
$375,000 of the preferred stock and $849,100 of the bonds. It guarantees $507,000 of the bonds,
both as to principal and interest.
Directors (elected Oct. 13, 1902).— Smith Harper, Samuel Gustine Thompson,
Joseph S. Harris, John Lowber Welsh, George F. Baer, B. H. Bail, Theodore Voorhees,
C. E. Henderson, Philadelphia, Pa. OFFICERS: JAMES BOYD, Pres., Norristown, Pa.;
Theodore Voorhees, 1st Vicc-Pres.; C. E. Henderson, 2d Vice-Pres.; W. A. Church, Treas.;
W. R. Taylor, Sec.; D. Jones, Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading
Terminal, Philadelphia, Pa.
158 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
PORT READING RR. -Port Reading Junction, N. J., to Port Reading, N. J.,
19.72 m. ; Woodbridge Branch, 1.94 m.; total track (steel; 80 and 90 Ibs.), 52.90 miles.
Gauge, 4 ft. 8i/j in.
History.— Chartered Nov. 5, 1890; road completed in Sept., 1892. No statement of
operations furnished.
Financial Statement, June 30, 1902.— Capital stock ($100 shares), $2,000,000
funded debt (1st gold 5s of .Tan. 1, 1941, int. J. & J.), $1,500,000; current liabilities,
$91,927; profit and loss, $251,705— total. $3,843,632. Contra: Cost of road, etc., $3,721,-
291; cash and current accounts, $122,341 — total, $3,843,631.75. The Reading Co. owns
the entire capital stock.
Directors (elected Oct. 13, 1902).— George F. Baer, W. R. Taylor, D. .Jones, Theo-
dore Voorhees, Jas. M. Landis, W. G. Brown, Philadelphia, Pa.; Frank Bateman, John
Hood, Nathan Francis, H. C. Felton, Frank B. Sitley, Camden, N. J.; Edward H. King,
Glassboro, N. J.; Samuel Garwood, \\illiainstown, N. J. OFFICERS: GEORGE F. BAEB,
Prea.; Theodore Voorhees, Vice-Pres.; W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones,
Compt., Philadelphia, Pa. CORPORATE OFFICE, Camden, N. J.
• READING AND COLUMBIA RE..— Owned: Columbia to Sinking Springs,
Pa., 39.6 in. ; Lancaster Junction to Lancaster, Pa., 7.86 m. ; Manheim to Mount Hope, Pa.,
5.91 m. — total, 53.37 m. ; total track (steel, 53.79 m.), 67.40 miles. Leased: Reading,
Marietta and Hanover RR. (see subjoined statement), 6.36 miles; total track, 7.54 miles.
Gauge, 4 ft. S}/2 in. Rail, 68, 76, and 79 Ibs.
History.— Chartered May 19, 1857; opened April 1, 1864.
Rolling Stock, June 30, 1902. — Locomotives, 6. Cars — passenger, 4; freight (box,
1 ; flat, 8; stock, 3), 12; other, 7 — total cars, 23.
Operations, year ending June 30, 1902. — Train mileage — passenger, 131,233; freight,
137,386— -total, 268,619 miles. Passengers carried, 333,334; carried one mile, 4,334,679.
Tons freight moved, 401,756; moved one mile, 10.450,109. Earnings — passenger, $103,327;
freight, $179,277; miscellaneous, $652 — total, $283,256. Operating expenses — transpor
tation, 134,064; maintenance of way, etc., $35,930; of equipment, $14,958; general, $655
—total, $185,607. Net earnings, $97,649; other income, $481 — total, $98,130. Total de-
ductions, $120,282. Deficit, $22,152. (This statement of operations is taken from the
Annual Report of the Secretary of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1902.
Construction $2,420,614 72
Equipment 244,981 89
Materials and Fuel 10,317 46
Cash and Current Accounts 80,42457
Profit and Loss 1,540,629 21
Total Assets $4.296.967 85
Capital Stock Paid in ($50 shares).... $958.373 09
Funded Debt Outstanding 2,000,00000
Real Estate Mortgages 9,16667
Current Liabilities 1,312,136 42
Coupons Accrued, not Payable 17,291 67
Total Liabilities $4,296,967 85
Fnnded Debt. — The funded debt on June 30, 1902, consisted of $650,000 1st 5s of March 1,
1912, Int. M. & S. ; $350,000 2d 5s of June 1, 1904, int. J. & D. ; and $1,000,000 debenture 6s of
Dec. 1, 1917, interest last paid in 1879.
Heading; Company'* Interest. — The Reading Co. owns $788,200 of the capital stock,
$9,500 of the 1st mtge. bonds, $35,000 of the 2d mtge. bonds and the entire issue of debentures.
RAILROAD LEASED TO READING AND COLUMBIA RR. Co.
Reading, Marietta and Hanover RR. —
Marietta June, to Chickies, Pa., 6.36 m. ; total
track. 7.37 miles.
Reorganization, Feb. 28. 1882, of the Hanover
Junction and Susquehanna RR. Co. Road opened
throughout In March, 1883. Owned and operated
Capital stock, $250,000; current liabilities, $82,-
587 — total, representing cost of road, etc., $332,-
587.
George F. Baer, Pres. ; W. A. Church, Treas. ;
W. R. Taylor, Sec. ; D. Jones, Compt., Philadel-
phia, Pa.
by the Reading and Columbia RR. Co.
Directors, R. & C. RR. Co. (elected Jan. 12, 1 903 ) .—Theodore Voorhees, C. E. Hen-
derson, D. Jones, John Lowber Welsh, B. H. Bail, Philadelphia, Pa.; Matthan Harl>-
ster, Wm. Nolan, Reading, Pa.; B. F. Hiestand, Marietta, Pa.; J. H. Baumgardner, Win.
N. Appel, Lancaster, Pa.; H. L. Haldeman, Chickies, Pa. OFFICERS: GEORGE F. BAEH,
Pres.; W. A. Church. Treas.; W. R. Taylor, Kcc.; D. Jones, Compt., Philadelphia, Pa.
CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
RUPERT AND BLOOMSBURG RR.— Rupert, Pa., to Bloomsburg, Pa., 1.57
m.; total track (steel; 68 and 70 Ibs.), 2.28 miles. Gauge, 4 ft. Sy2 in.
History. —Chartered Dec. 31, 1888; road opened in Aug., 1889.
Operations, year ending June 30, 1902. — Train mileage — passenger, 10.182; freight,
1,888 — total, 12,070 miles. Passengers carried, 62.849; carried one mile, 96,421; average
mile rate, 3.029 cents. Tons freight moved, 28,678; moved one mile, 45,039; average ton
mile rate, 13.425 cents. Earnings — passenger, $3,026; freight, $6,046 — total, $9,072.
POOR'S MANUAL — READING SYSTEM. 159
Operating expenses, $9,006. Net earnings, $67; add other receipts, $101 — total, $168.
Total deductions, $157. Surplus, $11. (This statement of operations is taken from the
Annual Report of the Secretary of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1 902.— Capital stock ($50 shares), $50,000; cur-
rent liabilities, $32,076.14 — total, $82,076.14. Contra: Cost of road, $58,241.78; cash and
current assets, $151.37; profit and loss, $23,682.99— total, $82,076.14. The Reading Co.
owns the entire capital stock.
Directors (elected Oct. 13, 1902).— Charles Heebner, W. A. Church, W. R. Taylor,
W. G. Brown, R. M. Oberteuffer, James M. Landis, Philadelphia, Pa. OFFICERS: GEOBGE F.
P.AEK, Pres.; W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones, Compt., Philadelphia,
Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
STONY CREEK RR. — Norristown, Pa., to Lansdale, Pa., 10.07 m.; total track,
13.74 miles. Gauge, 4 ft. ~8y2 in. Rail— steel (12.43 m.), 75 and 80 Ibs.; iron, 56 and 68 Iba.
History. — Chartered May 26, 1868; road opened January 1, 1874.
Operations, year ending June 30, 1902. — Train mileage — passenger, 26,603; freight,
23,431 — total, 50,034 miles. Passengers carried, 87,747; carried one mile, 757,401; aver-
age mile rate, 2.090 cents. Tons freight moved, 535,802; moved one mile, 4,854,714; aver-
age ton-mile rate, 1.049 cents. Earnings — passenger, $16,332; freight, $50,948; other,
$685— total, $67,965. Operating expenses, $35,959. Net earnings, $32,006 ; add other re-
ceipts, $1,699— total, $33,705. Total deductions, $28,782. Surplus, $4,923. (This state-
ment of operations is taken from the Annual Report of the Secretary of Internal Affairs
of Pennsylvania.)
General Balance Sheet, June 30, 1902. — Capital stock paid in ($200,000 auth.;
$50 shares), $176,100; funded debt (1st 7s of Oct. 1, 1907, int.), $350,000; current lia-
bilities, $651,438.38; real estate mortgages, $3,000; interest accrued, not due, $6,125—
total, $1,186,663.38. Contra: Cost of road and property, $540,272.54; materials, etc.,
$1,765.18; cash and current accounts, $21,444.30; profit and loss, $623,181.36 — total,
$], 186,663.38. The Reading Co. owns a majority of the capital stock.
Directors (elected Jan. 19, 1903) .—Theodore Voorhees, C. E. Henderson, E. F.
Smith, J. H. Loomis, Thos. M. Richards, James M. Landis, Philadelphia, Pa.; Howard
Boyd, J. H. P. Jenkins,' W. H. Slingluff, Jacob B. Hillegass, Montgomery Evans, Norris-
town, Pa. ; Oliver G. Morris, Line Lexington, Pa. OFFICERS : JAMES BOYD, Pres., Norris-
town, Pa.; Theodore Voorhees, 1st Vice-Pres.; G. E. Henderson, 2d Vice-Pres.; W. A.
Church, Treas.; W. R. Taylor, Sec.; D. Jones, Compt., Philadelphia, Pa. CORPORATE
OFFICE, Reading Terminal, Philadelphia, Pa.
TAMAdTJA, HAZLETON AND NORTHERN RR.— Lofty to Roan, Pa.,
9.91 m.; total (steel; 70 and 79 Ibs.), 11.34 miles. Gauge, 4 ft. Sy2 in.
History. — Chartered May 18, 1891, and road completed in the same year.
Operations, year ending June 30, 1902.— Trains run (freight), 17,731 miles. Tona
freight moved, 562,932; moved one mile, 1,896,094. Earnings— freight, $19,015; other,
$2,000— total, $21,015. Operating expenses, $11,226; other deductions, $15,151 — total,
$26,377. Deficit, $5,362. (This statement of operations is taken from the Annual Report
of the Secretary of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1902.— Capital stock ($50 shares), $300,000;
funded debt (1st gold 5s of Nov. 1, 1941, int.), $300,000; current liabilities, $142,500.11;
coupons accrued, not payable $2,500 — total, $745,000.11. Contra: Cost of road, $666,-
456.58; cash and current assets, $35,837.56; profit and loss, $42,705.97— total, $745,000.11.
The Reading Co. owns both the capital stock and the bonded debt of this company.
Directors (elected Oct. 13, 1902).— Theodore Voorhees, James M. Landis, D. Jones,
R. M. Oberteuffer, W. R. Taylor, C. H. Quarles, Roswell Weston, W. G. Brown, Phila-
delphia, Pa. OFFICERS: GEORGE F. BAER, Pres.; W. A. Church, Treas.; W. R. Taylor,
Sec.; D. Jones, Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Phila-
delphia, Pa.
ULSTER AND DELAWARE RAILROAD COMPANY (THE).
1. Main Line Of Road. —Kingston Point to Oneonta, N. Y 107.26 miles.
Stony Clove and Kaaterskill Branch: Phoenicia to Kaaterskill, N. Y 19.04 "
Hunter Branch: Kaaterskill Junction to Hunter, N. Y 2.60 "
Total mileage operated 128 . 90 miles.
Sidings, 25.55 miles. Gauge, 4 ft. 8y2 in. Rail (steel, 150.54 m.) , 62 to 90 Ibs.
160
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
ii. History.— Consolidation, effective Jan. 1, 1902, of the Ulster and Delaware RR.
Co., the Delaware and Otaego RR. Co., the Hobart Branch RR. Co., the Kaaterskill RK.
Co., and tlu- Stony Clove and Catskill Mountain RR. Co. (see MANUAL for 1002, page
161).
3. Rolling Stock, June 30, 1902.— Locomotives, 24. Cars— passenger, 21; baggage,
etc., 10; freight (box, 54; flat, 135; coal, 32; milk, 9) ; 230; other, 13; total, 274.
4. Operations, year ending June 30, 1902.— Train mileage — passenger, 237,517;
freight, 201,304; other, 25,036— total, 463,857 miles. Passengers carried, 290,176; carried
one mile, 8,365,267; average mile rate, 2.59 cents. Tons freight moved, 294,038; moved
one mile, 19,796,277; average ton-mile rate, 2.30 cents. ^
Earnings— Passenger $221,302 62
Freight 405.188 57
Mail and Express 25.470 50
I \|M-!iM-s
-Maint. Way and Buildings. . .$119.127 17
Maintenance of Equipment. . 49,047 77
Conducting Transportation . . 247,491 22
General 26,978 35
Total ($5,057.89 per mile) $651,96169 Total ($3,434.02 per mile)
Net earnings (32.11 p. c.), $209,317.18; other receipts, $4,676.85— total, $213,994.03.
Payments: Interest on bonds, $124,916.60; on debt, $8,434.03; taxes, $30,410— total, $163,-
760.63. Surplus, $50,233.40; surplus forward ($433,628.35; less deductions during year,
$147,796.24), $285,832.11— total, $336,065.51.
5. Capital stock, bonded debt, revenues, etc., for eight fiscal years ending June 30:
Years.
1895 .
Capital
Stock.
I
1,794,600
Bonded
Debt.
$
1,852,300
Cost and RR.
Invest- Oper-
ir.ents. ated.
8 M
4,020,622 86.40
Gross
Earn-
ing*.
I
405,227
Expen-
ses and
Taxes.
S
335,607
Net
Earn-
ings.
S
69,620
Total
Xet
Rev'ue.
$
103,748
Interest
Charges.
S
92,600
1896..
1897..
1898..
1899..
. 1,794.600
. 1.794.600
. 1,794,600
. 1,794.600
1,852,300
l.<»'.»7,300
1,997,300
1,997,300
4,123,920 87.40
4,236,279 87.40
4,288,057 87.40
4,346,647 87.40
419,355
400.757
405,268
417,194
334,026
310,023
308,101
313,342
84,729
90,734
97,167
103.&52
101,435
107,434
107,167
114,752
92,657
95,802
99,948
99,948
1900..
1901..
1902..
. 1,794,600
. 1,794,600
. 1,900,000
2,496,300
2,497,300
2.598,400
4,105,640 87.40
4,105,640128.90
5,272,795 128.90
473,663
C12.291
651,962
353,753
458,621
473,055
119,910
153.670
178,907
131,310
153,670
183,584
109,525
128,273
133,351
Total
Pay-
u.ente.
$
92,600
92,657
98.765
101,058
103.730
114,192
128,273
133,351
Balance
(+OT-)
$
+ 11,148
-4-8 778
+8,669
+6.109
+11,022
+17.118
+2.5,397
+50,233
6. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $5,039,69508
Reserve Funds 233,10000
Materials and Supplies 53,445 09
Current Assets 77,449 42
Total Assets $5,403,689 59
Capital Stock $1,900,000 00
Funded Debt 2,598,40000
Reserve for Maintenance, etc 119,432 42
Accrued Interest on Bonds 22,061 63
Current Liabilities 194,63003
Stock of U. & D. RR. Co 233,100 00
Balance, Surplus 336,065 51
Total Liabilities $5,403,68959
7. Capital Stock. — The authorized capital stock is $3,000,000 in $100 shares. The amount
unissued is reserved for general corporate purposes.
8. Funded Debt — The funded debt outstanding on June 30, 1902, consisted of $1,997,000
($2,000,000 auth.) 1st consol. gold 5s of June 1, 1928; $600,000 ($3,200,000 auth.) 1st refunding
gpld 4s of Oct. 1, 1952 ; and $1,400 2d income 7s of July 1, 1905. The refunding bonds were
Issued to retire $500,000 2d mtge. bonds and for other purposes ; on April 1, 1903, $700,000 of
them were outstanding. They are secured on the entire property of the company, but subject in
Hen to the 1st consols, which cover the line from Kingston Point to Hobart, 77.83 miles, the branch
from Phoenicia to Hunter, 14.08 miles, and, to the extent of $125,000, the line from Hobart to
Rloomfleld, 8.79 miles. The refunding bonds were authorized, $2,000,000 to retire the 1st consols,
$500,000 to retire the 2d mtge. bonds, $300,000 to pay for permanent improvements and equipment,
and $400,000 for future use for construction, equipment, etc.
9. Directors.— Samuel D. Coykemlall, Kingston, N. Y.; Horace G. Young, Albany,
N. Y. ; George I. Wilbur, Oneonta, N. Y. ; Thomas C. Coykendall, Alvah S. Staples, Amos
Van Etten, Henry C. Soop, Harry S. Coykendall, Kingston, N. Y. ; one vacancy.
SAMITEL D. COYKENDALL, President Kingston, N. Y.
Thomas C. Coykendall, V 'ice-President " "
Treasurer — Henry S. Coykendall.. Kingston, N. Y. | Secretary — Henry C. Soop Kingston, N. Y.
Auditor. — R. B. Jones Rondout, N. Y.
PRINCIPAL OFFICE AND ADDRESS Handout, N. Y. .
POOR'S MANUAL OF RAILROADS. 161
WESTERN MARYLAND RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 10
Earnings, Expenses, etc 5
Funded Debt, Details of 7
Gen. Bal. Sheet, June 30, 1902 6
History 3
Income Account 5
Leased Lines, Statements for 9
Mile. Operated, June 30, 1902 1
Rolling Stock, June 30, 1902. . 4
Sinking Fund, Details of 8
Trackage & Traffic Contracts 2
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 92.48 miles).
Main Line: Baltimore (Fulton Jc. ), Md., to Williamsport, Md 90.2!) miles.
Hillen Stalion Section: Hillen Station to Madison St., Baltimore, Md.... 0.40 '•
Hagerstown Connections; with B. & O. & N. & W. RRs. at Hagerstown. . . . 1.79 "
B. LEASED LINES (total, 165.11 miles).
Bait. & Cumberland Valley Ry. in Md.: Edgemont, Md., to State Line, Pa. 3.03 "
Baltimore & Cumberland Vy. RR. in Pa. : State Line, Md., to Wayn'boro', Pa 4.55 "
Baltimore d Cumberland Vy. ItR. Exten.: Waynesboro' to Shippensburg, Pa. 26.52
Baltimore & Harrisburg Ry. : ( see appended statement, Sec. 9 ) 66.00
Baltimore & Harrisburg Ry., Eastern Extension: Porters' to York, Pa. ... 16.60
Baltimore' & Harrisburg Ry., Western Extension: Orrtanna to Highfield, Pa. 15.00
Potomac Valley RR.: Potomac Valley Jc., Md., to Cherry Run, W. Va 14.30
Washington & Franklin Ry.: Hagerstown North Jc., Md., to Zumbro Jc., Pa. 19.11
Total length of lines operated, June 30, 1902 257.59 miles.
2d track, sidings, etc. (owned, 42.50 m. ; leased, 51.95 m.), 94.45 miles. Gauge, 4 ft. 8%
in. Rail — iron, 56 Ibs.; steel (owned, 116.14 m.; leased, 208.63 m. — total, 324.77 m.), 60,
70 and 80 Ibs.
2. Trackage and Traffic Contracts.— The company has trackage rights over 2.7
miles of railroad in Baltimore (from Madison Street to Fulton Junction), owned jointly
by the Northern Central Ry. Co. and the Baltimore and Potomac RR. Co. Under an
arrangement effective March 12, 1899, this company and the Philadelphia and Reading
Ry. Co. supply motive power for through freight service between Hagerstown, Md., and
Harrisburg, Pa., in proportion to interested mileage, Western Maryland engines running
through to Harrisburg and Philadelphia and Reading engines to Hagerstown. All inter-
changes of business made through the Cumberland Valley between the Philadelphia and
Reading Ry., the Baltimore and Ohio RR. and the Norfolk and Western Ry. pass over
this road.
3. History. — Chartered March 21, 1853; road opened Dec. 17, 1873. (See
MANUAL for 1891, page 572.) On May 27, 1902, the entire interest of the city of
Baltimore in this company was sold to a syndicate for the sum of $8,751,370.45. The
ordinance under which the sale was made imposed upon the syndicate a contractual obli-
gation to build terminals in the city of Baltimore costing not less than $3,000,000, this
undertaking to be ultimately secured by the deposit of $3,000,000 bonds upon the
railroad, the proceeds of which will be available for the construction and acquisition
of terminals and terminal property.
4. Rolling Stock, June 30, 1902. — Locomotives, 71. Cars — passenger, 51; combina-
tion, 10; parlor, 1; baggage, mail, and express, 14; milk, 1; market, 1; freight (box, 393;
gondola, 281; stock, 52; refrigerator, 5; cabin, 26), 757; Russell snow-plows, 3; service
cars, 199 — total cars, 1,034. Also 26 coal dumps. Of these, 99 box cars are leased.
5. General Income Account for nine months ending June 30, 1902.
Earnings— Passenger $276,699 94
Freight 1,427,81044
Mail and Express 38,707 08
Miscellaneous 45,474 22
Total ($6,943.95 per mile) $1,788,69168
Expenses — Maintenance of Way, etc ... $167,015 25
Maintenance of Equipment. 154,322 99
Conducting Transportation. 624,954 52
General Expenses 81,896 65
Total ($3,991.57 per mile) $1,028,18941
Net earnings (42.52 p. c.), $760,502.27; other income, $3,121.04— total, $763,623.31.
Payments: Interest on bonds, $166,810.99; taxes, $33,746.86; rentals, $104,478.52; other
charges (interest, dividends and sinking funds), $54,710.14— total, $359,746.51. Surplus,
$403,876.80.
162
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
The fiscal year of the company has been changed to end on June 30 instead of Sept.
30. Comparison .-annot ho inado with the nine months ending June 30, 1901, as the
figures for that period are not available. In the MANUAL for 1902, page 164, will be found
a table showing the results from operation for eight years, 1894-1901.
6. General Balance Sheet. June 30, 1902.
Cost of Road and Equipment $6,434.238 74
Materials and Supplies
134.739 15
Securities in Treasury 1,523,355 00
Cash and Current Assets 565.059 34
Miscellaneous Assets 55,317 !*4
Profit and Loss 1,547,79271
Common Stock ($50 shares) $685,40000
Preferred Stock ($50 shares) 324,00000
Funded Debt and Unadjusted Accrued
Interest 8,296,19499
Terminal and Station Obligations.... 320,38088
Current Liabilities 367,312 45
Miscellaneous Accounts 267,21456
Total Assets $10.260,50288 Total Liabilities $10,260,50288
7. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of $43,500 1st
6s due Jan. 1, 1890. endorsed by the City of Baltimore, and $178,500 2d preferred 6s due Jan. 1.
1895- also the following mortgages and debts to the City of Baltimore; $1,000,000 4th mortgage
due Jan 1 1902, with interest at 6 p. c. per annum ; $1,704,000 5th mortgage due Jan. 1, 1927,
with interest at 3J p. c. per annum ; $875,000 6th mortgage due March 1, 1930, with interest at 31
p c per annum; $684,000 City of Baltimore loan due July 1, 1925, with interest at 4 p. c. per
annum ; and $226,530 of 6 p. c. funding certificates due July 1, 1890. The 4th, 5th, and 6th mort-
gages represent issues of Baltimore City stock. The 6th mortgage is for $1,875,000, of which
$1,000,000 is reserved for the retirement of the 4th mortgage. Interest on all issues is payable on
the 1st of Jan. and July, at Hillen Station, Baltimore, Md.
The amount of funded debt shown in the balance sheet includes the sum outstanding as per
preceding statement of funded debt, less the amounts in 5th mortgage and 6th mortgage sinking
funds and in sinking fund for City of Baltimore Loan of 1925, and also includes all unadjusted
Interest on bonded indebtedness.
8. Sinking; Funds. — The sinking funds of this company in the hands of Baltimore Commis-
sioners of Finance are as follows : Hillen Station sinking fund, $87,959.57 ; W. M. RR. Terminal
sinking fund, $35,187.85; 5th mortgage sinking fund, $162,662.29; 6th mortgage sinking fund,
$120,367.36 ; W. M. RR., 1925 loan, $81,234.45 — total, $487,411.52.
9. RAILROADS LEASED BY; THE WESTERN MARYLAND RR. Co.
BALTIMORE: AND CUMBERLAND VAL-
LEY RY.— From Edgemont, Md , to State Line,
Pa., 3.03 m. ; total track (steel ; 56 IDS.), 3.53 miles.
HISTORY.— Chartered Sept. 5, 1878; opened
July 5, 1880. Leased to W. M. RR. Co. for 50
years, from July 1, 1879, with privilege of renewal
or purchase ; rental, interest on bonds.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $42,500; funded debt (1st 6s
of July 1, 1929), $48,500; sinking fund (contra),
$1 997 ; accrued interest on funded debt, $1,455 —
total, $94,452. Contra : Cost of road, $91,000 ; sink-
ing fund, $1,997 ; W. M. RR. Co. accrued rental,
$1,455— total, $94,452.
CORPORATE OFFICERS. — J. M. Hood, Pres. ;
J. T. M. Barnes, Sec. & Treas., Baltimore, Md.
Office, Hillen Station, Baltimore, Md.
BALTIMORE AND CUMBERLAND VAL-
LEY RR. — State Line, Md., to Waynesboro',
Pa., 4.55 m. ; total track (steel; 56 IDS.), 8.14
miles.
HISTORY. — Chartered Aug. 19, 1878; road
opened July 5, 1880. Continuation in Pennsyl-
vania of the B. & C. Vy. Ry. and leased to W. M.
RR. Co. for interest on bonds, the term and con-
ditions of the lease being the same as for the Md.
road.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $76.700; funded debt (1st 6s
of July 1, 1929), $72,800; sinking fund (contra),
$2,807 ; accrued interest on funded debt, $2,184 —
total. $154,491. Contra : Cost of road, $149,500 ;
sinking fund, $2,807; W. M. RR. accrued rental,
$2,184— total, $154.491.
CORPORATE OFFICERS. — I. N. Snively,
Pres. ; Daniel Hoover, Treas. ; J. J. Miller, Sec.,
Waynesboro', Pa.
BALTIMORE AND CUMBERLAND VAL-
LEY RR. EXTENSION. — Waynesboro' to
Shippcnsburg, Pa., 26.52 m. ; total track ( steel ;
56 and 80 lb?.), 36.52 miles.
HISTORY. — Chartered June 25, 1880; opened
throughout. Oct. 24, 1881. (See Manual for 1893.)
Leased to W. M. RR. Co. for 50 years, from July
1, 1881, with privilege of renewal ; rental, $38,730
yearly, being 7 p. c. on $270,000 stock and 5 p. c.
on $120,600 stock, together with interest on bonds.
Both dividends and interest are payable Jan.
and July, at Hillen Station, Baltimore, Md.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $390,600; funded debt (1st 6s
of July 1, 1931), $230,000; unfunded debt, $16,535;
pinking fund (contra), $8,137; due sinking fund,
i2,000 ; accrued interest on funded debt and on
guar. stock, $16,350 — total, $663,622. Contra : Cost
of road, $637,135 ; sinking fund, $8,137 ; W. M. RR.
Co. (acct. sinking fund, $2,000; acct. accrued
rental, $16,350), $18,350— total, $663,622.
CORPORATE OFFICERS. — T. M. Mahon, Pres..
Chambersburg, Pa. ; J. T. M. Barnes, Treas.,
Baltimore, Md. ; C. A. Suesserott, Sec., Cham-
bersburg, Pa. Office. Chambersburg. Pa.
BALTIMORE AND HARRISUl RG RY
Emory Grove, Md.. to Orrtanna, Pa., 58.7 m. ;
Valley Junction to Hanover Junction, Pa., 6 ra. ;
Intersection to State Line, 1.3 m. — total, 66 miles.
Operated : Baltimore and Harrisburg Ry., West.
Extension (see below), 15 m. ; Baltimore and
Harrisburg Ry. East. Extension (see below),
16.6 m. — total operated, 97.6 miles. Sidings, 18.64
miles. Rail (steel, 91.43 m.), 56 and 60 Ibs.
HISTORY. — Consolidation, Sept. 20, 1886, of the
Han. June., Han. & Gettysburg, Bachman Valley,
and Baltimore and Hanover RR. Cos. (See
Manual for 1888, page 338.) Leased for 50 years,
from Oct. 25, 1886, to the W. M. RR. Co. ; rental,
guaranty of fixed charges.
ROLLING STOCK. — Locomotives, 3. Cars —
passenger, 5 ; baggage, etc., 2 ; combination, 2 ;
freight (box, 41; gondola, 28; stock, 16), 85; coal
dumps, 4 ; service, 3 ; Russell snow-plow, 1 — total,
102. Also 17 hand cars and 19 trucks.
BALANCE SHEET, June 30. 1902. — Capital
stock (common, $690,900; preferred, $29,100), $720,-
000; funded debt (1st 5s of Nov. 1, 1936), $690,000;
current liabilities, $52,018.99 ; securities owned,
$58,314.05: profit and loss, $336,607.35— total, $1,-
856,940.39. Contra : Cost of road and equipment,
$1,437.502.65 ; current assets, $361,123.69 ; securities
owned. $58,314.05 — total. $1,856,940.39.
SECURITIES OWNED by the company in-
cluded in the balance sheet are as follows • $14 -
POOR'S MANUAL OF RAILROADS.
163
500 2d mtge. bonds, $3,300 stock and $4,947 notes of
the Berlin Branch RK. ; $20,000 stock of the Fred-
erick and Pennsylvania Line RR. ; $13,091 notes
of the Bachman Valley RR., and $476 of other
notes— total, $58,314.
CORPORATE OFFICERS.— Howard E. Young.
Pres. ; R. M. Wirt, Sec., Hanover, Pa. ; J. T. M.
Barnes, Treas., Baltimore, Md. Office, Hanover,
Pa.
RAILROADS LEASED TO THE BALTIMORE AND HABBISBURG RY. Co.
Baltimore and Harrisbnrg H>. Bast.
Ext. — Porters' to York, Pa., 16.6 m. ; total track
(steel; 60 Ibs.), 20.14 miles.
Chartered Nov. 29, 1890 ; road opened, Sept. 12,
1893. Leased to W. M. RR. Co., and B. & H. Ry.
Co., jointly and severally, for 50 years, from
Jan. 14, 1S91, with privilege of renewal ; rental,
interest on $563,750 of 5 p. c. bonds, payable Jan.
and July. (See statement for Potomac Valley
RR.) Operated by the B. & H. Ry. Co.
Balance Sheet, June 30, 1902. — Capital stock,
$563,750; current liabilities, $14,328 — total, $578,-
078. Contra : Cost of road, $563,984 ; rental, etc.,
$14,094 — total, $578,078.
W. H. Lanius, Pres. ; George S. Schmidt, Sec.,
York, Pa. ; J. T. M. Barnes, Treas., Baltimore,
Md. Office, York, Pa.
Baltimore and Harrisburg Ry. We«t.
Ext — Orrtanna to Hightteld, Pa., 15 m. ; total
track, 16.77 miles. Rail (steel, 15 m.), 60 Ibs.
Chartered April 30, 1888 ; road opened June 4,
1889. Leased to B. & H.. Ry. Co. as lessor, and to
W. M. RR. Co. as lessee of the B. &. H. Ry. for
50 years from June 1, 1889; rental, interest on
bonds.
Balance Sheet, June 30, 1902. — Capital stock,
$240,000 ; funded debt (1st 5s of May 1, 1938), $240,-
000; accrued interest on bonds, $4,902; sinking
fund, $3,010 — total, $487,912. Contra : Cost of
road, $264,551 ; other assets, $220,351 ; sinking fund,
$3,010 — total, $487,912.
Howard E. Young, Pres., Hanover, Pa. ; J. T.
M. Barnes, Treas., Baltimore, Md. ; W. P. Quim-
by, Sec., Gettysburg, Pa. Office, Gettysburg, Pa.
Railroads Leased by Western Maryland RR. Co. — Continued.
POTOMAC VALLEY RR.— Potomac Valley
June., Md., to Cherry Run, W. Va., 14.30 m. ;
total track (steel ; 60 Ibs.), 24.02 miles.
HISTORY.— Chartered Jan. 16, 1890; road
opened Sept. 12, 1892. Leased to the Western Md.
RR. Co. for 50 years, from Jan. 14, 1891 ; rental,
interest on bonds, described below.
BALANCE SHEET, June 30, 1902. — Capital
stock (P. V. RR. Co., $500,000; P. V. RR. Co. of
W. Va., $1,150), $501,150; funded debt (1st 5s of
Jan. 1, 1941), $1,300,000; current liabilities, $6,890;
accrued liabilities, $35,415 : payments and accre-
tions to sinking fund, $80,889 — total, $1,924,344.
Contra : Cost of road, $1,100,825 ; stocks owned,
$564,900 ; sinking fund, $80,890 ; other assets, $177,-
729 — total. $1,924,344.
FUNDED DEBT authorized is $2,000,000, to
cover four independent lines, viz. : (1) Potomac
Valley RR., 14.30 m. in operation, on which $737,-
000 bonds are outstanding; (2) Baltimore and
Harrisburg Ry. Eastern Extension, 16.6 m. in
operation, on which $563,000 are outstanding; (3)
York, Pa., to Chickies, connecting with the main
line of the P. & R. Ry., yet to be built; (4)
Tbomasville to Bowmansdale, Pa., connecting
with the P. & R. Ry. at Harrisburg, Pa., yet to
be built. The Western Maryland RR. Co. and
the Baltimore and Harrisburg Ry. Co. jointly and
severally guarantee the bonds, both as to prin-
cipal and interest.
CORPORATE OFFICERS.— J. M. Hood, Pres. ;
J. T. M. Barnes, Sec. & Treas., Baltimore, Md.
WASHINGTON AND FRANKLIN RY
Hagerstown, Md., to Zumbro, Pa., 19.11 m. ; total
track (steel; 80 Ibs.), 28.61 miles.
HISTORY. — Consolidation June 10, 1899, of the
Hagerstown and State Line RR. Co. and the
Washington and Franklin RR. Co. (See Man-
ual for 1899, pages 208 and 209.) Road opened to
Quinsonia, Pa., March 12, 1899 ; extension to Zum-
bro, Pa., 5 m., opened Jan. 27, 1901. Leased to the
W. M. RR. Co. at a rental equivalent to 5 p. c.
on cost of road.
BALANCE SHEET, June 30, 1902. — Capital
stock, $150,000; funded debt (1st mtge. 5s of Jan.
1, 1939), $378,000; current liabilities, $12,573 —
total, $540,573. Contra : Cost of road, $528,298 ;
current assets, $12,275 — total, $540,573.
CORPORATE OFFICERS. — W. U. Brewer,
Pres., Chambersburg, Pa. ; J. J. Miller, Sec.,
Waynesboro', Pa. ; J. T. M. Barnes, Treas., Balti-
more, Md.
W. S. Pierce.. New York, N. Y.
H. C. Deming..
J. W. Gates...
Edwin Gould. . "
F. S. Landstreet-.Baltim'e, Md.
W. H. McIntyre..New York.N.Y.
Jos. Ramsey, Jr. .St. Louis, Mo.
C. W. Slagle... Baltimore, Md.
1O. Board of Directors, Western Maryland RR. Co., as constituted March 10, 1903.
WINSLOW S. PIERCE, Chairman of the Board. . New York, N. Y.
Geo. J. Gould.. New York, N. Y.
L. Greer
H. B. Henson. . "
John M. Hood.. Baltimore, Md.
S. Davies Warfleld Baltimore, Md.
JOSEPH RAMSEY, JR., President St. Louis, Mo.
Fairfax S. Landstreet, Vice-President and Gen. Mgr .... Baltimore, Md.
Treas. & Asst. Sec. — J. T. M. Barnes.. Bait., Md. | Sec. — L. F. Timmennan New York, N. Y.
Comptroller— H. B. Henson New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Hillen Station, Baltimore, Md.
NEW YORK OFFICE 120 Broadway, Manhattan.
WEST VIRGINIA CENTRAL AND PITTSBURG RAILWAY COMPANY.
(Controlled by Western Maryland BE. Co.)
INDEX TO Tins STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Descrip. of.... 11
Coal & Iron Ry 3
Coal Mining Operations 8
Coal Properties 4
Coke, Shipments of 8
Directors and Officers 15
Earnings, Expenses, etc 9
Floating Equipment 7
Funded Debt, Description of. 2
History 2
Gen. Bal. Sheet, June 30, 1902 13
Gen. Bal. Sheet, 1896-1902 10
Income Acct., June 30, 1902. . 9
Income Account, 1896-1902 10
Leased Lines, Statements of 14
Mile. Operated, June, 30, 1902 1
Operating Divisions of Co... 5
Operations, 1896-1902 10
Rolling Stock 6
164 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GUOUP.
1. Mileage Operated, June 30, 1902 (owned, 131.4 miles).
Main Line: W. Va. C. Jc. (with B. & O.) to Elkins, W. Va 84.4 miles.
Elk Garden Branch: Harrison to Elk Garden, W. Va
Davis Kranch: Thomas to Davis. W. Va
Belington Branch: Elkins to Belington, W. Va
Huttonsville Branch: Elkins June, to Huttonsville, W. Va
I.KASEO: Piedmont d Cumberland Ry.: W. Va. C. Jc. to Cumberland, Md
Total length of lines operated, June 30, 1902 160.6 miles.
2d track, (T.4 in.; sidings (owned, 46.04 m.; leased, 13.56 m.), 59.60 miles. Gauge,
4 ft. 8^ in. Rail (steel), 56, 60, 70, and 85 Ibs.
2. History.— Chartered February 23, 1881; road opened from Piedmont to Mine
ville, 11.5 m., October 19, 1881; extension to Gorman, 19.6 m., opened August 1, 1883;
extension to Thomas and branch to Davis, a total of 24.1 m., opened November 1, 1884;
Elk Garden Branch, 7 m., opened December 17, 1888; extension to Elkins, 36 m., opened
August 18, 1889; Belington Branch, 17.6 m., and branch from Elkins Junction to
Beverly, 5.56 m., opened May 1, 1892; extension from Beverly to Huttonsville, 10.94 m.,
opened Feb. 5, 1899. (See MANUAL for 1889, page 645.) The Piedmont and Cumberland
Ry. was leased in 1894, for a term of years expiring in 1911, at a rental of 37 p. c. of it^
gross earnings; but that lease has been abrogated and a new one made, effective July 1,
1899, which provides for a rental equivalent to the interest on the lessor's bonded debt
and dividends of 5 p. c. per annum on its capital stock. As this company owns 92.6 p. c.
of such capital stock, the rental payable under the lease is reduced to the fixed amount
of $35,202.50 per annum. The operating accounts of the Piedmont and Cumberland Ry.
were kept separate from those of the West Virginia Central and Pittsburg Ry. prior to
July 1, 1899, but for the purpose of comparison, the operations and income of both roads
are combined in the tabular statement, Sec. 10.
3. Coal and Iron Ry. Co. — The Coal and Iron Ry. Co. has been organized in
the interest of this company to build a connecting link between this road and the
Chesapeake and Ohio Ry. Besides providing an outlet south for the West Virginia
Central and Pittsburg, and giving it an additional feeder, the Coal and Iron Ry. will
create a short and direct line through the State of West Virginia, connecting the trunk
lines north and south of it, and will form a link in a through route from Pittsburg to
Newport News. This company is constructing the road, which will extend from Elkins
south, about 43 miles, to Durbin, W. Va., at the Forks of Greenbrier River, where
connection will be made with the Greenbrier River Ry., of the Chesapeake and Ohio
system. The West Virginia Central and Pittsburg Ry. Co. owns the entire capital
stock of the Coal and Iron Ry. Co., and in consideration of such ownership has guaran-
teed, both as to principal and interest, $1,000,000 of 5 p. c. bonds secured by first mort-
gage on the property of the same company.
4. Coal Properties. — Effective Jan. 1, 1900, the company purchased the entire
capital stock and acquired title to the properties of the Davis Coal and Coke Co., con-
sisting of 49,952.79 acres of coal and timber lands owned in fee and a leasehold of
1,764.09 acres. Previously to this the company owned 39,635.41 acres of similar lands,
making a total of 91,352.29 acres owned and leased on June 30, 1900. During the year
ending June 30, 1901, there were purchased 12,500 acres additional of coal and timber
lands. The company, therefore, now owns over one hundred thousand acres of these
lands. It also has 750 dwelling houses for its miners and other employes. With the
Davis purchase the company acquired, besides a large and well established business, ten
or twelve mines in full operation and nearly 600 coke ovens. A large area of the coal
lands of the company is covered with valuable timber, some of which is under lease. The
organization of the Davis Coal and Coke Co. has been maintained as a medium through
which to market the company's products.
6. Operating Divisions of Company. — The operations of the company are di-
POOR'S MANUAL WEST VIRGINIA CENTRAL AND PITTSBURG RY. CO.
165
vided into three branches — the Railway Department, the Coal Department, and the
Heal Estate Department. The Coal Department dates from Jan. 1, 1900, when the
properties and business of the Davis Coal and Coke Co. were acquired, and the revenue
to the company therefrom, since that date, is reported separately. The Real Estate
Department covers all the lands, houses, mining, and timber properties of the company.
The revenue of the department comes from rent of houses, coal and timber royalties, and
other like sources, and is stated separately in the General Income Account.
6. Rolling Stock, June 30, 1902. — Locomotives, 43. Cars — passenger, 12; combi-
nation passenger, 6; baggage and mail, 3; freight (box, 152; coal hoppers, 376; gondolas,
1.747; flat, 25; caboose, 17), 2,317; service, 7 — total, 2,345. Also, 1 horse and carriage.
7. Floating Equipment. — The company owns 3 barges and 2 schooners. These
vessels are employed in carrying the company's coal from Baltimore and Philadelphia to
New England points.
8. Coal Mining Operations. — The first shipment from the company's mine was
made on Oct. 20, 1881. The total shipments of coal from all mines on the line of the
road from then until June 30, 1902, were as follows:
ELK GARDEN REGION.
UPPER POTOMAC REGION.
ROARING
CREEK
REGION.
&
I
Year.
O
.sfc .
£11
tx,-a'3
«?r
Davis and
Elkins.
(Windom).
Atlantic.
I
3«
&&
1
Thomas.
i
1
1
fes
•£ 5
OS
jj
"c.
3
>->
duster and
Harding.
•1881.
1882.
1883.
1884.
1885.
1886.
1887.
1888.
1889.
1890.
1891.
t!892.
J1893.
t!894.
11895.
J1S96.
11897.
J1898.
J1899.
11900.
J1901.
J1902.
11.372
228,294
261,075
375,590
268,780
211,852
259,354
356,259
353,216
414,547
420,503
183,715
359,195
292,000
392,909
436,477
369,590
331.689
339,678
336,331
307.141
325,867
11,372
257,068
330,017
458,760
401,350
346,929
448,821
563,598
560,345
700,240
823,874
400,136
816,649
748,431
891,127
992,623
1,053,460
1,108,729
1,260,023
1,460,044
1,410,578
1,410.713
28,774
68,942
83,170
65,792
50,686
59,801
30,407
1,737
5,926
2,603
1,812
4,741
10,735
59,269
168,507
178,434
135,403
193,951
403,018
369,918
396,088
57,213
63,715
107,605
97,285
8,434
17,904
18.287
69,297
99,771
111,477
141,142
56,572
97,767
92,757
45,001
35,590
72,320
65,008
62,435
76,123
141,491
44,521
1,131
2,772
3,774
10,350
23,320
30,495
55,888
43,120
95,536
117,681
125,781
202,074
252,594
341,098
389,031
417,402
377,684
419,135
18,671
73,384
88,576
32,356
80,697
50,590
82,158
42,383
62,934
63,121
92,192
25,361
42,759
43,472
52,323
13,837
15,W
31,577
65,2%
51,447
49,760
35,596
47,313
42,841
100,289
107,847
106,508
99,841
696
1,290
1,604
612
2,572
7,517
2,979
1,563
7,787
' '168
240
502
4,238
32,727
33,187
30,059
39,839
99,380
5,718
20,410
31,834
36,415
36,467
5,489
363
2,641
5,235
5,926
10,207
25,890
30,351
27,990
27,270
20,542
33,849
884
7,395
8,495
1,061
152
20
23
12,529
35,066
35,158
162,319
146,626
49,524
51,617
53,537
"443
2,477
Totals. .
6,835.434
2,319,714
468,815
721,817
703,555
139,253
1,255,897
2,938,866
753,461
27,028
190,264
100,783
16,454.887
*Oct. 20 to Dec. 31, 1881 ; from 1882 to 1891, inclusive, years ending Dec. 31. tSlx months
ending June 30. JYears ending June 30.
The total shipments of coke from all ovens on the line of the road from July, 1887,
when the first shipment was made, to June 30, 1902, were as follows: From Thomas
ovens, 225,961 tons; from Coketon ovens, 1,376,865 tons; from Douglas ovens, 357,408
tons; from Custer ovens, 1,098 tons; from Junior ovens, 45,341 tons; from Harding
ovens, 37,643 tons; an aggregate of 2,044,316 tons.
!). General Income Account, year ending June 30, 1902 (160.68 miles).
Earnings — Passenger $187,221 35
Coal and Coke 577,71390
Merchandise 427,58740
Mail and Express 27,96254
Miscellaneous 91,04588
Expenses— Maint. of Way and Struct. .. .$247,649 57
Maintenance of Equipment. . 226,213 54
Conducting Transportation... 311,52738
General Expenses 45,98156
Taxes 35,02612
Total ($8,162.38 per mile) $1,311,53107 Total ($5,392.07 per mile) $866,39817
Net earnings (33.94 p. c.), $445,132.90. Deductions: Interest, $195,000; rental of
leased road (P. & C. Ry.), $35,942.92; other charges, $10,903.20— total, $241,846.12. Net
166
POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
income from railway operations, $203,280.78. Add income from other sources: Coal de
partmi-nt.. $553,950.22; real estate department, $111,129.75 — total, $665,079.97. Total
ii.-t. irif..nif f..r \car, $868,366.75 less dividend Nos. 17 and 18, $411,282; surplus, $457,-
084.75; surplus forward, $1,932,879.17— total, $2,389,963.92.
1O. Statement of operations, capital accounts, etc., for seven fiscal years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Mil™ Road Operated (average)
151.G4
177094
151.64
175,452
151.61
177.417
154.22
189,102
160.68
221,270
160.68
223,863
160.68
223,9.54
Freight
Mixed
330. 123
23770
309.772
22,958
320.486
22.825
312,841
23.513
359.619
8,636
323,870
8,212
326,471
8,632
Total Revenue Mileage
-.:<n iis7
508.182
520.728
525.456
589,575
565.945
559.057
Passengers Carried
194,785
192,111
193,685
209,127
273,847
343.092
351,925
P^Mrnpfr Mileage. .
3,760,856
3,567.881
3,647,877
3,710,152
4.865,003
6.342.562
6,619,031
Freight (tons) Moved
1 iVsO M17
1,693,949
1,888,571
2,112,218
2,464,471
L'-JVl 140
2,449,116
Freight t ton) Miles.
93,496,253
96,125,514
110,075,341
124,367,110
l r..:« >2. -12:!
132,170,475
140,347,433
s
104,496
$
101,557
$
102,633
$
105,514
$
138,473
S
178,171
S
187,221
633,929
632,629
640.603
694,373
• 840,980
886,752
1,005,301
Other .
117487
108,606
145,060
145,305
138,124
117,258
119008
Gross Earnings
855,912
842,792
888,296
945,192
1,117577
1,182,181
1,311,531
502336
521,209
559,332
568,519
664,780
723,257
866398
Net Earnings
353576
321,583
328,964
376,673
452,797
458,924
445 133
Other Receipts
102607
77,665
78,457
70,880
344,139
685,026
('•71 113
Net Income
456183
399,248
407,421
447,553
796,936
1,143,950
1 116246
Payments — Interest
180000
180,000
183000
193,625
201,701
207,373
211936
55000
27500
55000
82500
150000
150000
411 282
Other.
149297
125221
127978
133546
94 106
69005
3,5943
Total Payments
384297
332,721
365978
409,671
445,807
426,378
659 161
Balance, Surplus
71886
66527
41 443
37882
351 129
717 572
457085
563100
554468
584405
G 137 61
6 955 28
735736
8 16238
Operating Expenses per Mile
330484
342901
3 679 81
3691 68
4 13729
4 501 23
539207
Net Earnings per Mile
232616
2 11567
2 164 24
2 445.93
2 817 99
2 856 14
2 770 31
5869p c
61 84 p c
6297p c
60 15 p c
5948p c
61 18 p c
6606p c
Average Rate per Pass, per Mile
Average Rate per Ton per Mile
Milee RR. Owned
2.75c.
0.68 c.
12240
2.79 e.
0.66 c.
12240
2.77 c.
0.58 c.
12240
2.80 c.
0.56 e.
131 80
2.81 c.
0.58 c.
131 40
2.78 c.
0.68 c.
131 40
2.79 c.
0.72c.
131 40
Miles Track Owned ... .
158 16
15831
161 40
17300
17520
18297
18388
Locomotives
32
32
35
36
39
41
43
Passenger and Baggage Cars.
18
18
16
16
16
20
21
Freight and Other Care.
1 870
1921
2069
2 142
2215
2305
2324
Capital Stock
»
6000000
$
6000000
1
6000000
$
6000000
*
10000000
S
10000000
S
10 564 100
Funded Debt
3000000
MnnoilOO
3 100000
3250000
3250000
3250000
3 250000
Coupons.
90365
90485
93335
97300
97330
97750
98590
Kills Payable
218680
283820
167 791
135000
295000
190000
285000
Current Account*.
160912
141 795
163 463
172220
580815
542963
453835
Profit and Loss
773^325
812!353
881,296
946,677
1,365,307
1,932,879
2,389,964
Total Liabilities
Railroad Construction
10,243,282
2535708
10,328,453
2 561 774
10,405,885
2 567 777
10.601,197
2685511
15,588,452
2 697 131
16,013,592
2742603
17,041,489
2 773 122
Equipment
1 272 1 12
1 293571
1 378 309
1 430 SOS
1,586,995
1 750 192
1 749 494
Kr:il Mstate. etc
0056 89''
6071 317
6083 747
6081 680
,s 7'») •';')
8 '.'Os 128
8 623 094
Otlifr Property
58 107
58 107
54'219
49758
568497
686 171
1 229 478
Stocks Owned
629600
650525
1 °40800
Materials, etc. .
Current Accounts...
82,706
90739
108,366
75318
117,233
56873
116,744
Pi 071
209,717
1 001 7t>5
317.444
713918
231,099
989 438
Cash
147018
160000
147734
115630
165 468
244 611
204 963
Total Assets
10 243 282
10328453
10405885
10 601 197
15588452
16 013 592
17041 489
11. Capital Stock. — The company has authority from the Legislature of West Virginia to
increase Its capital stock from time to time up to a total of $25,000,000 (see MANUAL for 1901, page
390). In Aug., 1901, the stockholders authorized the issuing of $5,000.000 new stock, $1,000,000
of which was placed at the disposal of the directors, to purchase the stock of the Piedmont and Cum-
berland Ry. and of the Buxton and Landstreet Co., and for other purposes. The remaining $4,000,-
000 was reserved for other corporate purposes.
12. r im<!<- <i Debt — The funded debt outstanding on June 30, 1902, consisted of ($3,600,-
000 auth.. at rate of $25,000 per mile) 1st gold 6s of July 1, 1911. The bonds are secured by a first
and only mortgage on the entire property of the company, whether now owned or hereafter acquired.
POOR'S MANUAL OF RAILROADS.
167
13. General Balance Sheet, June 30, 1902:
Railroad Construction $2,773,12201
Rolling Stock, Float, Equipment, etc.. 1,749,494.21
Real Estate 8,623,094 27
General Office Buildings, etc 381,64077
Telegraph and Telephone Lines 14,378 34
Mining Plants 651,636 50
Coke Ovens 181,82251
Materials, Supplies, etc 231,09966
P. & C. and Coal & Iron Ry. Co. Stocks 1,240,800 00
Accounts Receivable, etc 989,43757
Cash on Hand 204,96375
Total Assets $17,041,48959
Capital Stock ($100 shares) $10,564,10000
Funded Debt Outstand'g (see Sec. 12) 3,260,00000
Coupons
98,590 00
Bills Payable 285,00000
Accounts Payable, etc.
453,835 67
Profit and Loss 2,389,96392
Total Liabilities $17,041,489 59
14. RAILROADS OWNED OR LEASED BY THE W. V. C. & P, RY. Co.
COAL AND IRON RY. — Under construction
from Elkins to Durbin, W. Va., 45 miles to con-
nect the W. Va. C. & P. Ry. with the C. & O. Ry.
HISTORY. — Chartered Dec. 14, 1889; road will
be completed in the fall of 1903. Will be operated
by the W. Va. C. & P. Ry. Co. All the stock of
this company is owned, and its bonds are guar-
anteed, both principal and interest, by the W.
Va. C. & P. Ry. Co.
FINANCIAL STATEMENT, June 30, 1902. —
Capital stock subscribed ($2,000,000 auth. ; $100
shares), $100,000. Funded debt (1st 5s of 1920),
$1,000,000. (Full particulars respecting the bonds
are in the Ready Reference Bond List — see Gen-
eral Index.)
CORPORATE OFFICERS. — H. G. Davis, Pres. ;
S. B. Elkins, Vice-Pres., Elkins, W. Va. ; C. M.
Hendley, Sec. & Treas., Washington, D. C.
PIEDMONT AND CUMBERLAND RY. —
W. Va. June., near Piedmont, to Cumberland,
Md., 28.85 m. ; Keyser Spur, 0.39 m. — total, 29.^4 m.
— total track (steel; 70 and 80 Ibs.), 42.80 miles.
HISTORY. — Chartered April 7, 1886 ; road open-
ed Aug. 1, 1887. Leased to the W. Va. C. & P. Ry.
Co., at a rental equivalent to interest on bonds
and 5 p. c. on stock.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $650,000; funded debt (1st 5s
of 1911), $650,000; unfunded debt, $13,591; profit
and loss, $105,354 — total, $1,418,945. Contra : Cost
of road, etc., $1,404,002 ; cash and cash assets, $14,-
943 — total, $1,418,495.
The W. Va. C. & P. Ry. Co. owns $595,950 of the
capital stock.
CORPORATE OFFICERS. — Winslow S. Pierce,
Pres., New York, N. Y. ; F. S. Landstreet, Vice-
Pres., Hillen Station, Baltimore, Md. ; L. F.
Timmerman, Sec. Office, Elkins, W. Va.
15. Board of Directors, West Virginia Central d Pittsburg Ry. Co., as constituted
March 10, 1903.
WINSLOW S. PIERCE, Chairman of the Board New York, N. Y.
H. C. Deming.New, York, N. Y. I Geo. J. Gould. New York, N. Y. F. S. Landstreet. . N. Y'k., N. Y.
E. L. Fuller Scranton, Pa. | Lawrence Greer " Winslow S. Pierce '
Joseph Ramsey, Jr St. Louis Mo.
JOSEPH RAMSEY, JR., President St. Louis, Mo.
F. S. Landstreet, Vice-P resident New York, N. Y.
Secretary — L. F. Timmerman.... New York, N. Y. | Treas. & Asst. Sec. — J. T. M. Barnes. .Bait, Md.
Comptroller. — H. B. Henson New York, N. Y.
PRINCIPAL OFFICE Elkins, W. Va.
Ba Itimore Office . . Continental Trust Bldg.
New York Office 120 Broadway.
Phila. Office. .Room 905, Land Title Bldg.
ALLEGHENY & SOUTHSIDE BY.— Projected : Allegheny to Pittsburgh, Pa. ( South Side),
12 m., with branch from Allegheny to 39th St., Pittsburgh, Pa., 7 m. — total, 19 miles. Completed
up to June 30, 1902 : In Pittsburgh, Pa., 5 miles. Trackage (switching rights) : P. RR., 1m.; P. &
L. E. RR., 1 mile. Gauge, 4 ft. 8J in. Rail (steel), 67 and 70 Ibs. Chartered Sept. 20, 1892 ; road
opened in 1895. Locomotives, 2. Cars (coal), 4.
Operations, year ending June 30, 1902. — Gross earnings (switching), $17,045. Operating ex-
penses, $20,199 ; taxes, $63— total, $20,262. Deficit, $3,217 ; deficit forward, $4,928 — total, $8,145.
General Balance Sheet, June 30, 1902. — Current liabilities, $3,997 ; due owners for equip-
ment and operation, $21,783- — total, $25,780. Contra: Cost of road and equipment, $13,629; cash
and current assets, $3,997 ; profit and loss, $8,154 — total, $25,780.
Directors. — David B. Oliver, Geo. T. Oliver, Henry W. Oliver, James B. Oliver, Chas. E. Black,
Henry B. Lupton, Pittsburgh, Pa. OFFICERS: DAVID B. OLIVER, Pres.; James B. Oliver, Vice-Pres.
& Treas.; Henry B. Lupton, Sec. & Aud.; F. M. Turner, Gen. Supt., Pittsburgh, Pa. GENERAL
OFFICE, Corner South Tenth and Muriel Streets, Pittsburgh, Pa.
ALLEGHENY JUNCTION RR. -Pittsburgh, Pa., connecting Allegheny Valley Ry. with
Pittsburgh Junction RR., 1 mile. Gauge, 4 ft. 8i in. Chartered Oct. 19, 1898 ; road opened about
Jan. 1, 1899. Company owns 1 locomotive.
Operations, year ending June 30, 1902. — Tons freight moved, 112,805 ; ton-miles, 112,805.
Earnings (freight), $4,372. Operating expenses, $4,230; other deductions, $64 — total, $4,294.
Surplus, $378.
General Balance Sheet) June 30, 1902. — Capital stock ($100 shares), $5,000 ; current lia-
bilities, $35 ; profit and loss, $4,652 — total, $9,687. Contra : Cost of road, $5,000 ; cash and cur-
rent assets, $4,687 — total, $9,687.
Directors, A. H. Keith, J. W. Anderson, V. L. Crabbe, W. P. Potter, J. W. Patterson, Pittsburgh,
Pa. OFFICERS : A. H. KEITH, Pres.; J. W. Anderson, Vice-Pres. & Gen. Mgr.; V. L. Crabbe, Sec. &
Treas., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
ALTOONA AND BEACH CREEK RR.— Altoona to Dougherty, Pa., 15 m. ; total track,
16 miles. Chartered April 17, 1897.
168 POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
Operations, year ending June 30. 1902. — Earnings (freight), $4,096. Operating expenses,
$6,948. Deficit for year. $1,853.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $99,600; current lia-
bilities, $1,853 — total $101,453. Contra: Cost of road, $99,600; profit and loss, $1,853 — total,
$101,453.
Directors. — Andrew Kipple, W. J. Helnsling, W. S. Lee, George Loudon, C. W. Moore, W. L.
Shellenberger, Altoona, Pa. OFFICKBS : W. L. SHKLLENBKRGER, Prca. & Gen. Mgr.; S. J. Westley,
Sec. it Treaa., Altoona, Pa. GENERAL OFFICE, Altoona, Pa.
ANNAPOLIS, WASHINGTON AND BALTIMORE RR.— Annapolis to Annapolis June..
Md., 20.5 m; total track (steel; 56 ibs.), 22.5 miles. Gauge, 4 ft. 81 in. Reorganization, In April,
1886, of the Annapolis and Elk Ridge RR. Co. (See MANUAL for 1888, page 92.) The Baltimore
and Annapolis Short Line RR. Co. disposed of its Interest in this company In Feb., 1903. Locomo-
tives, 3. Cars — passenger, 3 ; baggage, etc., 3 — total 6.
Operations, year ending June 30, 1902. — Earnings (passenger, $53,749; freight, $25,724;
other. $3,689), $83,162. Operating expenses, $50,746. Net earnings, $32,416. Payments: Taxes,
$3.114; dividends (8 p. c.). $28,640; other charges. $818 — total, $32,572. Deficit, $156 ; surplus
forward, $4,546 ; net surplus, $4,390.
General Balance Sheet, June 30. 1902. — Capital stock ($100 shares), $358,000; current
liabilities, $4,428; profit and loss, $4,390 — total, $366,818. Contra: Cost of road and equipment,
$358.000 ; cash and current assets, $8,818 — total, $366,818.
Directors. — Not reported. OFFICERS : CALVARY MOBRIS, Prea. ; A. R. Horr, Sec. & Treaa.,
Cleveland, O. ; C. F. Gladfelter, Aud. ; A. E. Sharer, Supt., Annapolis, Md. GENERAL OFFICE, Wash-
ington, D. C.
BACHMAN VALLEY RR. OF MD. — Penn. State Line to Ebbvale, Md.. 4 m. ; Ebbvale to
Mines, 0.5 m. ; total, 4.18 miles. Rail (Iron), 50 Ibs. Gauge, 4 ft. 8J in. Chartered April 7, 1870;
road opened Jan. 1, 1873. This road is a part of the Western Maryland RR. system, but is not
operated or controlled by the Western Maryland RR. Co.
Operations, year ending June 30, 1902. — Earnings (freight, $1,480 ; other, $113), $1,593.
Operating expenses, $1,694. Loss from operation, $101 ; other deductions, $58 — deficit for
year, $159.
General Balance Sheet, June 30, 1898 (latest rendered). — Capital stock, $68,150; current
liabilities, $43,625 — total, $111,775. Contra: Cost of road, $68,150; cash assets, $120; profit and
loss, $43,505 — total, $111,775.
Directors.— Not reported. OFFICERS : JEROME L. BOYEB, Prea. & Gen. Mgr., Reading, Pa. ; E. G.
Holder, Sec. & Trcos., Columbia, Pa. GENERAL OFFICE, Columbia, Pa.
BALTIMORE AND ANNAPOLIS SHORT LINE RR.— Cliffords to Annapolis, Md., 22
m. ; trackage (B. & O. RR.), Baltimore to Cliffords, Md., 4 m. — total operated, 26 miles. Gauge, 4
ft. 81 in. Rail (steel), 60 Ibs. Reorganization of Annapolis and Baltimore Short Line RR. Co.
(see MANUAL for 1894, page 68). In Feb., 1903, the company disposed of its Interest in the
Annapolis, Washington and Baltimore RR. Co. Locomotives, 5. Cars — passenger, 16 ; freight ( box,
10; flat, 3; gondola, 33), 46 — total, 62.
Operations, year ending June 30, 1902. — Earnings (passenger, $71,796; freight, $26,084;
other, $7,229), $105,109. Operating expenses, $70,234. Net earnings, $34,875; other receipts,
$28,640 — total, $63,515. Payments: Interest on bonds, $16,700; taxes, $4,507; dividends (7J
p. c.), $26,850; other charges, $17,908 — total, $65,965. Deficit, $2,450; surplus forward. $10,063;
net surplus, $7,613.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $358,000; funded
debt (1st gold 5s of Dec. 1, 1923), $334,000; current liabilities, $18,066; investments, $5,010;
profit and loss, $7,613 — total, $722,689. Contra : Cost of road and equipment, $692,000 ; invest-
ments, $5,010 ; cash and current assets, $25,679 — total, $722,689.
RAILROAD LEASED BY A. S. L. RR. Co.
Annapolia and Chesapeake RR. — An-
napolis Station of B. & A. S. L. RR. to U. S.
Naval Academy, 1 mile.
Road opened July, 1899. Operated by the B. &
A. S. L. RR. Co. under a traffic agreement.
Capital stock ($50 shares), $7,000. No bonds.
P. J. Carlin, Pres. ; P. J. Talbot, Sec., Brook-
lyn, N. Y. ; John Wilson Brown, Treas., Balti-
more, Md. Office, Baltimore, Md.
Directors, B. & A. S. L. RR. Co. (elected Dec., 1902). — Wm. W. Spence, Alexander Brown, F.
Hambleton, John Wilson Brown, W. G. Bowdoin, Arthur George Brown, Austin McLaaahan, Balti-
more, Md. ; J. Wlrt Randall, Annapolis, Md. ; J. T. Busk, New York, N. Y. OFFICERS : JOHN WIL-
SON BROWN, Prca. & Gen. Mgr.; W. G. Bowdoin, Treaa.; Austin McLanahan, Sec.; L. L. Buhrman,
Aud., Baltimore, Md. ; Shellman B. Brown, Supt., Annapolis, Md. GENERAL OFFICE, Baltimore, Md.
BALTIMORE AND SPARROW'S POINT RR.— Colgate Creek to Sparrow's Polni, Md.,
4.7 m. ; Sparrow's Point to Pennwood Park, 0.73 m. — total, 5.43 m. ; total track (steel; 70 Ibs.),
6.11 miles. Gauge, 4 ft. 81 in. Chartered In Aug., 1887 ; built in 1889. Owns 1 locomotive. Pas-
senger service conducted by the Northern Central Ry. Co. Capital stock, $150,000 ($50 shares).
Operations, year ending June 30, 1902. — Passengers carried, 1,760,797 ; carried one mile,
7,533,391. Tons freight moved, 1,301,710. Earnings (passenger, $40,274; freight, $128,598),
$168,872. Operating expenses, $49,876. Net earnings, $118,996.
Directors. — Luther S. Bent, E. C. Felton, Frank Tenney, Philadelphia, Pa. ; F. W. Wood, R.
K. Wood, Sparrow's Point, Md. ; J. H. Taylor, J. R. Foard, Baltimore, Md. OFFICERS : LUTHER S.
BENT, Prea. ; Frank Tenney, Sec. ; E. N. Smith, Treaa., Philadelphia, Pa. ; H. W. Kapp, Supt.,
Baltimore, Md. GENERAL OFFICE, Sparrow's Point, Md.
BARE ROCK RR.— Milford to Bare Rock, Pa.. 2.5 miles. Rail (steel), 56 Ibs. Gauge, 4 ft.
8) In. Chartered Nov. 12, 1892 ; road opened Oct. 10, 1892. Locomotive, 1. Cars — passenger, 1 ;
coal, 7 — total, 8.
Operations, year ending June 30, 1902. — Trains run (mixed), 3,000 miles. Passengers car-
ried, 9,239; carried one mile, 46,195. Tons freight moved, 40,000; ton-miles, 100,000. Earnings
(passenger, $1,386; freight. $4,012), $5,398. Operating expenses, $5,956; taxes, $153 — total,
$6,109. Deficit, $711; surplus forward, $1,559; net surplus, $848.
neral Balance Sheet, June 30, 1902. — Capital stock ($25,000 auth. ; $50 shares), $19,-
900 ; current liabilities, $5,664 ; profit and loss, $848 — total, $26,412. Contra : Cost of road, and
equipment, $26,012; cash and current asset", $400 — total, $26,412.
POOR'S MANUAL OP RAILROADS. 169
Directors (elected Dec. 4, 1902). — John Murdock, 3. M. Murdock, W. F. Murdock, J. C. Dun-
can, Johnstown, Pa. ; E. B. McColly, Greensburg, Pa. ; John Fox, Somerset, Pa. OFFICERS : JOHN
MURDOCK, Pres. ; W. F. Murdock, Sec.; J. M. Murdock, Trees.; N. H. Humphreys, Awl., Johns-
town, Pa. GENERAL OFFICE, Johnstown, Pa.
BATH AND HAMMONDSPORT RR. — Bath to Hammondsport, N. Y., 10 m. ; total track
(steel; 60 Ibs.), 11 miles. Gauge, 4 ft. 8i in. Organized Jan. 18, 1872; road opened June 30.
1875. (See MANUAL for 1891, page 608.) Locomotives, 2. Cars — passenger, 2; combination, 2;
freight (box, 3 ; coal, 1 ; flat, 1), 5 — total, 9.
Operations, year ending June 30, 1902. — Trains run (passenger, 16,800; freight, 3,000;
other, 6,240), 26,040 miles. Passengers carried, 44,546; carried one mile, 400,914. Tons freight
moved, 18,555; ton-miles, 185,550. Earnings (passenger, $9,845; freight, $21,692; other,
$2,388), $33,925. Operating expenses, $21,346. Net earnings, $12,579; other receipts, $502 —
total, $13,081. Payments: Interest on bonds, $15,000; taxes, $1,563 — total, $16,56S. Deficit,
$3,482. Surplus forward ($2,847, less deductions for business previous to June 30, 1901, $328),
$2,519. Deficit June 30, 1902, $963.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000; funded
debt (see below), $300,000; current liabilities, $15,877; interest accrued, not due, $2,917; taxes
due and accrued, $412; open accounts, $2,483 — total, $421,689. Contra: Cost of road and
equipment, $415,413 ; materials, etc., $853 ; cash and current assets, $4,460 ; profit and loss, $963
— total, $421,689.
Funded Debt. — Funded debt outstanding on June 30, 1902, consisted of $100,000 1st 5s of
June 1, 1919, and $200,000 2d 5s of April 1, 1923.
Directors. — Charles W. Drake, New York, N. Y. ; Monroe Wheeler, J. W. Davis, Chas. J.
Drake, L. D. Massen, Hammondsport, N. Y. ; W. H. Hallock, John F. Parkhurst, Bath, N. Y.
OFFICERS : CHARLES W. DRAKE, Pres., 29 Broadway, New York, N. Y. ; John F. Parkhurst, Vice-
Pres., Bath, N. Y. ; Monroe Wheeler, Sec., Hammondsport, N. Y. ; W. H. Hallock, Treas., Bath,
N. Y. ; Chas. J. Drake, Gen. Mgr. & Aud., Hammondsport, N. Y. GENERAL OFFICE, Hammonds-
port, N. Y.
BEAVER VALLEY RR. — 'Projected: Brldgewater to Vanpcrt, Pa., 3.14 m. ; branch,
South Beaver to Wagner's, Pa., 0.25 m. — total, 3.39 miles. Completed to July 1, 1903 : Vanport to
a point 1,000 feet north. Gauge, 4 ft. 8J in. Rail (steel), 85 Ibs. Chartered Aug. 5, 1899;
road under construction. Capital stock authorized and paid in ($100 shares), $10,000. Cost of
road to July 1, 1903, $17,000, exclusive of $5,000 invested in rights of way. Estimated cost of
road to completion, $25,000, exclusive of rights of way not settled, estimated at $32,500.
Directors.- — J. N. Pew, W. S Miller, Arthur E. Pew, Frank Cross, W. A. Clugston, Pittsburgh,
Pa. OFFICERS : J. N. PEW, Pres. ; W. S. Miller, Treas. ; Arthur E. Pew, Sec. & Purch. Agt. ; W. A.
Clugston, Supt. & Chief Eng., Pittsburgh, Pa. GENERAL OFFICE, 284 Fourth Ave., Pittsburgh, Pa.
BELLEFONTE CENTRAL RR. — Bellefonte, Pa., to Pine Grove Mills, 21.34 m. ; Strubles
to State College, 1.16 m. ; Mattern June, to Scotia, 2.36 m. ; Graysdale to Mattern, 1.50 m. ; Cole-
ville to Terminal, 0.22 m. ; Lambourn to Lambourn Bank, 0.13 — total, 26.71 m. ; total track (steel ;
56 Ibs.), 30 miles. Gauge, 4 ft. 9 in. Reorganization, Jan. 12, 1892, of the Buffalo Run, Bellefonte
and Bald Eagle RR. Co. Locomotives, 3. Cars — passenger, 3; combination, 6; freight (flat, 1;
ore, 35) (10 leased), 36; service, 1 — total, 46.
Operations, year ending June 30, 1902. — Trains run (mixed), 15,960 miles. Passengers car-
ried, 32,021 ; carried one mile, 427,242. Tons freight moved, 211,158 ; ton-miles, 1,824,278. Earn-
ings (passenger, $10,626 ; freight, $43,243 ; other, $4,096), $57,965. Operating expenses, $35,677.
Net earnings, $22,288. Payments : Interest on bonds, $2,125 ; other interest, $3,790 ; taxes, $853 ;
permanent improvements, $1,390 — total, $8,158. Surplus, $14,130.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $500,000; funded
debt, $48,000 ; current liabilities, $44,240 ; profit and loss, $54,402 — total, $646,642. Contra : Cost
of road and equipment, $594,662 ; capital stock in treasury, $45,950 ; materials, etc., $6,030 — total,
$646,642.
Directors.— Francis F. Milne, R. Dale Benson, Byerly Hart, Theodore M. Etting, Walter Lip-
pincott, Chas. S. Whelen, Philadelphia, Pa. OFFICERS : ROBERT FHAZER, Pres. ; Theodore M. Etting,
Vice-Pres. ; Thos. R. Osbourn, Sec. & Treas., Philadelphia, Pa. GENERAL OFFICE, 209 South Third
Street, Philadelphia Pa.
BERLIN BRANCH RR. — Berlin Junction to East Berlin, Pa., 7 miles. Rail (iron), 56
Ibs. Gauge, 4 ft. 81 in. Incorp. March 26, 1876 ; road opened in May, 1877. Equipment and work-
ing crews supplied by the Western Maryland RR. Co., which operates the road under contract at 30
cents (reduced from 40 cents) per mile run. Owns 1 locomotive and 1 service car.
Operations, year ending June 30, 1902. — Trains run (mixed). 15,960 miles. Passengers car-
ried, 9,445; carried one mile, 66,115. Tons freight moved, 11,588; ton-miles, 81,116. Earnings
(passenger, $1,692 ; freight, $4,388 ; other, $900), $6,980. Operating expenses, $6,508. Net earn-
ings, $472 ; other receipts, $121 — total, $593. Deductions, $3,004. Deficit, $2,411 ; deficit for-
ward, $54,359 — total, $56,770.
General Balance Sheet, June 30, 1902. — Capital stock ($75,000 auth. ; $50 shares), $43,-
195; funded debt (see below), $47,847; current liabilities, $43,517 — total, $134,559. Contra:
Cost of road and equipment, $77,326 ; cash and current assets, $463 ; profit and loss, $56,770 —
total, $134,559.
Funded Debt. — Funded debt outstanding on June 30, 1902, consisted of $25,000 1st 6s of July
15, 1896 ; $17,900 2d 6s of 1900, and $4,947 other funded debt of which no details are reported.
Directors (elected July 9, 1903). — C. J. Delone, Hanover, Pa.; W. G. Leas, East Berlin, Pa.;
John Keith, H. C. Picking, Gettysburg, Pa. ; Vincent Schold, Emmittsburg, Md. ; Charles Dosch,
Abbottstown, Pa. OFFICERS : W. A. HIMES, Pres., New Oxford, Pa. ; W. G. Leas, Vice-Pres., East
Berlin, Pa. ; John Keith, Treas., Gettysburg, Pa. ; C. J. Delone, Sec., Hanover, Pa. GENERAL
OFFICE, Gettysburg, Pa.
BLOOMSBTTRG AND SULLIVAN RR. — Bloomsburg to Jamison City, Pa., 30 m. ; total
track (steel; 56 Ibs.), 36.02 miles. Gauge, 4 ft. 8i in. Chartered Dec. 27, 1888; road opened as
above Sept., 1888. Reorganized without foreclosure in 1898. (See MANUAL for 1898, page 63.)
Locomotives, 4. Cars — passenger, 6 ; baggage, etc., 2 ; freight, 1 ; tool, 1 — total, 10.
Operations, year ending June 30, 1902. — Passengers carried, 48,068 ; carried one mile, 1,442,-
040. Tons freight moved, 69,467; ton-miles, 2,084,010. Earnings (passenger, $20,470; freight,
$48,913), $69,383. Operating expenses, $36,871. Net earnings, $32,512; other receipts, $876 —
total, $33,388. Total deductions, $30,015. Surplus, $3,373.
170 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
General Balance Sheet, June 30, 1902. — Capital stock ($60 shares), $600,000; funded debt
(Me below). $688,400; current liabilities. $12,673; special fund. $10,000; redeemed bonds $10,-
«00 ; profit and loss, $6,333 — total, $1.228,006. Contra : Cost of road, $1,199,000 ; cash and cur-
rent assets. $29.006 — total, $1,228,006.
Funded Debt —Funded debt outstanding on June 30, 1901, consisted of $400.000 1st 6s of
June 1. 1928. and $200.000 2d Income 5s of June 1. 1928.
Dire tor (elected Jan. 6, 1903).— J. M. Shaw, Llghtstreet, Pa.; Samuel Wigfall, J. K. Grotz,
L. E. Waller, nioomsburg. Pa. ; Morton McMichael. C. H. James. C. G. Appleton. F. W. Buch, Phila-
delphia, Pa. ; H. J. Conner. Orangeville, Pa. OFFICERS: MORTON MCMICHAEL, Pres., Philadelphia,
Pa. ; Samuel Wigfall, Vicc-Pres. d Treas.. Bloomaburg. Pa. ; H. J. Conner, Sec., Orangeville, Pa.
GENERAL OFFICE, Bloomsburg, Pa.
BRADFOBD AND WESTEBN PENNSYLVANIA BB.— Lewis Run, Pa., to Dent Hill.
Pa.. 4.77 m. ; sundry spurs. 3.41 m. — total. 8.18 miles. Gauges, 3 ft, and 4 ft. 81 in. Organized
July 27. 1891; road completed as above in 1896. Locomotives, 2. Cars — passenger, 1; freight,
48 — total, 49.
Operations, year ending June 30, 1902.— Trains run (freight, 3,302 ; other, 1,651), 4,953 miles.
Tons freight moved, 16.416; ton-miles, 75.261. Earnings (freight), $4,549. Operating expenses,
$7.843 ; taxes. $65 — total, $7,908. Deficit, $3,359 ; surplus forward, $611 ; net deficit, $2,748.
General Balance Sheet, June 30. 1902.— Capital stock ($70.000 auth.; $100 shares). $36.-
000 ; current liabilities, $4,549 — total, $40,549. Contra : Cost of road and equipment, $37,801 ;
profit and loss, $2,748 — total, $40,549.
Directors (elected Jan. 12, 1903). — Samuel P. Kennedy, Wm. C. Kennedy, Thos. B. Clark, H. E.
Schonblom, Thos. H. Kennedy, D. L. Mallory, Jr., Bradford, Pa. OFFICERS : SAMUEL P. KENNEDY,
Pres.; Thos. H. Kennedy, Vice-Prea.; Wm. C. Kennedy, Treas.; D. L. Mallory, Jr., Sec., Bradford,
Pa. GENERAL OFFICE, Bradford, Pa.
BBADFOBD, BORDELL AND KINZTJA BY.— Bradford to Smethport, Pa., 26.11 miles.
Leased: Big Level and Kinzua RR. (see below), 10.48 m. ; Pitts. & West. Ry., Mt. Jewett to Fox-
burg, Pa., 92.99 m. ; Kane Junction to Kane, Pa., 1 mile. Total lines operated, 130.58 miles. Sid-
ings owned and leased, 16.95 miles. Gauge, 3 ft. Rail (steel — owned, 26.11 m. ; leased, 21.97),
30 and 40 Ibs. Reorganization of a company of the same name, sold under foreclosure in 1892.
(See MANUAL for 1897, page 56.) On Nov. 1, 1901, this company took a lease of the narrow gauge
division of the Pittsburgh and Western Ry., for the term of one year, at the expiration of which the
road was surrendered to its owners. Locomotives, 16. Cars — passenger, 7 ; baggage, etc., 4 ; freight
(box, 10; flat, 47 ; hoist trucks, 70 ; coal, 17), 144 ; service, 6 — total, 161.
Operations, year ending June 30, 1902. — Trains run (passenger, 181,666; freight, 75,273;
mixed, 2,432), 259,371 miles. Passengers carried, 133,157; carried one mile, 3,287.798. Tons
freight moved, 103,417; ton-miles, 4,380,786. Earnings (passenger, $82,153; freight, $85,425;
other, $508), $168,086. Operating expenses, $137,260. Net earnings, $30,826; other receipts,
$121 — total, $30,947. Total deductions, $70.024. Deficit for year, $39,077.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($300,000 auth. ; $50 shares),
$249,000; funded debt (1st gold 4s of 1942, $300,000 auth.). $249,000; current liabilities. $68.-
935 ; interest accrued, $2,490 — total, $559,425. Contra : Cost of road and equipment, $498,000 ;
other assets, $61,426 — total, $559,425.
RAILROAD LEASED BY B., B. & K. RY. Co.
Capital stock ($50 shares), $150,000; funded debt
(income 6s of May 1, 1916), $50,000; current lia-
bilities. $3,075; profit and loss, $191— total, $203,-
266. Contra : Cost of road, $200,481 ; stocks
owned, $410 ; cash and current assets, $2,375 —
total, $203,266. Thomas L. Kane, Pres. ; C. C.
Davis, Sec. ; S. K. Foote, Jr., Treas. ; N. C. Cody.
Aud., Kane, Pa. Office, Kane, Pa.
Level and Kiiizua RR. — Mount
Jewett to Ormsby June., Pa., 10.70 m. ; total track
(steel, 40 Ibs.), 11.70 miles. Gauge, 3 ft. Char-
tered Aug. 27, 1881; road opened Dec., 1886.
Leased for 20 p. c. of gross earnings, the lease
being terminable on 30 days' notice. Rental, year
ending June 30, 1902, $2,286 ; expenses, $2,086 :
surplus, $200. Balance Sheet, June 30, 1902. —
Directors (B., B. & K. Ry.). — J. J. Carter, Titusville, Pa.; Geo. L. Roberts, Pittsburgh, Pa.;
J. B. McGeorge, H. K. Pomroy, Chas. Dana, J. R. Cowing, New York, N. Y. ; D. H. Jack, Bradford.
Pa. OFFICERS : GEO. L. ROBERTS, Pres., Pittsburgh, Pa. ; H. K. Pomroy, Vice-Prea. ; J. B. Mc-
George, Sec., 6 Wall St., New York, N. Y. ; A. B. Campbell, Treas. d Aud., Bradford, Pa. GENERAL
OFFICE, Bradford, Pa.
BBOOKLYN AND BOCKAWAY BEACH BB.— East New York to Canarsie Pier, N Y.,
6.54 miles. Rail (steel), 56 Ibs. Gauge, 4 ft. 8J in. Chartered Dec. 4, 1863 ; road opened In Oct.,
1865. Receiver appointed Jan. 19, 1903, in suit to foreclose the mortgage. Locomotives, 2. Cars —
passenger, 8 ; freight (flat), 1 — total, 9. Also 2 steam ferryboats.
Operations, year ending June 30. 1902. — Trains run (passenger), 19,872 miles. Passenger*
carried. 41,300; carried one mile, 132,160. Earnings (passenger, $5,347; other, $724), $6,071;
other receipts, $4,492 — total, $10,563. Deductions : Operating expenses, $14,244 ; interest on
bonds, $19,200 ; other interest, $5,177 ; taxes, $3,673 — total, $42,294. Deficit, $31,731 ; deficit
forward, $95,912 — total, $127,643. Deductions during the year, $130. Net deficit, $127,773.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $150,000; funded debt
(consol. gold 6s of April 28, 1931 ; $350.000 auth.), $320,000 ; real estate mtges., $38,268 ; current
liabilities, $98,073 ; interest accrued, $90.570 ; taxes accrued, $25,209 ; unpaid dividends, $9,000 ;
suspense account, $17,703 — total, $748,823. Contra : Cost of road and equipment, $528,186 ; real
estate, $82,037; materials, etc., $50; suspense account, $4,018; cash and current assets, $6,759;
profit and loss, $127,773 — total, $748,823.
Directors. — Edward Johnson, Seth L. Keeney, James Jourdan, Hugh McLaughlln, John Mc-
Carty, Thos. E. Pearsall, Daniel F. Lewis, Theo. L. Frothingham, Brooklyn, N. Y. ; Wm. A.
Boland, New York, N. Y. OFFICERS : HENRY J. ROBINSON, Receiver, Sec. & Treas. ; Daniel F.
Lewis, Acting Pres., New York, N. Y. GENERAL OFFICE, 52 Pine St., New York, N. Y.
BROOKVILLE BY. — Brookvllle to Hays' Lot, Pa., 13 m. ; total track (steel ; 60 Ibs.), 13.3
miles. Gauge, 4 ft. 9 in. Organized June 10, 1896 ; road opened Dec. 10, 1896. About 10 miles ot
private road are operated in connection with this line. Locomotives, 3. Cars — passenger, 1 ; bag-
gage, etc., 1 ; other, 32 — total, 34.
Operations, year ending June 30, 1902. — Trains run (mixed), 15,000 miles. Passengers car-
ried, 1,029; carried one mile, 11,319. Tons freight moved, 15,331; ton-miles, 168,641. Earnings
(passenger, $135 ; freight, $2,669), $2,704. Operating expenses, $2,704.
POOR'S MANUAL OF RAILROADS. 171
General Balance Sheet, June 30, 1902. — Capital stock ($130,000 auth. ; $50 shares), $71.-
450 ; current liabilities, $43 — total, $71,493. Contra : Cost of road, $71,493.
Directors (elected April 1, 1902). — A. W. Cook, Brookville, Pa.; Wm. Heidrlck, Brookvllle,
Pa. ; F. H. Ashmead, E. P. Bates, Theodore F. Brown, W. K. McElroy, S. B. Rumsey, Pittsburgh,
Pa. OFFICERS : A. W. COOK, Pres., Brookville, Pa. ; Thos. R. Robinson, Sec., Pittsburgh, Pa. ; N. E.
Graham, Treas., East Brady, Pa. ; E. M. Long, Aud., Brookville, Pa. GENERAL OFFICE, Brook-
ville, Pa.
BROWNSTONE AND MIDDLETOWN RR.— Brownstone to Waltonville, Pa., 2.5 m. ;
total track (steel ; 56 Ibs.), 4.33 miles. Gauge, 4 ft. 8J in. Chartered and road opened Feb. 8, 1892.
Locomotives, 4. Cars — passenger, 3 ; other, 43 — total, 46.
Operations, year ending June 30, 1902. — Passengers carried, 17,303 ; carried one mile, 34,606.
Tons freight moved, 93,629; ton-miles, 180,489. Earnings (passenger, $526; freight, $6,099;
other, $6,745), $13,370. Operating expenses, $12,927. Net earnings, $443. Paid taxes, $171. Sur-
plus, $272 ; surplus forward, $2,112 — total, $2,384.
General Balance Sheet, June 30, 1902. — Capital stock ($25 shares), $25,000; current lia-
bilities, $1,138 ; profit and loss, $2,384 — total, $28,522. Contra: Cost of road and equipment, $27,-
550 ; cash and current assets, $972 — total, $28,522.
Directors (elected Jan. 26, 1903). — R. J. Walton, C. S. Walton, J. J. Nissley, Hummelstown,
Pa. ; W. J. Walton, H. O. Deshong, Morris Ebert, Philadelphia, Pa. OFFICERS : ALLEN K. WALTON,
Pres. & Treas., Waltonville, Pa. ; Charles M. Hartrick, Sec. & Aud.; Robert J. Walton, Gen. 8upt.,
Waltonville, Pa. GENERAL OFFICE, Waltonville, Pa.
BUFFALO, ATTICA AND ARCADE RR.— Attica to Arcade June., N. Y., 28 m. ; total
track (steel; 60 Ibs.), 30.25 miles. Gauge, 4 ft. 8J in. Successor Oct. 15, 1894, to the Attica and
Freedom RR. Co. (See MANUAL for 1899, page 216.) Equipment chiefly supplied by the Erie RR.
Co., but the company owns 3 locomotives, 3 passenger cars, and 1 box and 18 flat freight cars.
Operations, year ending June 30, 1902. — Trains run (passenger and mixed, 18,309; other,
17,841), 36,150 miles. Passengers carried, 20,033 ; carried one mile, 230,334. Tons freight moved,
33,262; ton-miles, 390,828. Earnings (passenger, $6,726; freight, $17,549; other, $2,682), $26,-
957. Operating expenses, $20,726. Net earnings, $6,231. Payments : Interest on floating debt,
$893 ; taxes, $946— total, $1,839. Surplus, $4,392 ; surplus forward, $7,133 — total, $11,525.
General Balance Sheet, June 23, 1902. — Capital stock ($100 shares), $330,000; loans and
bills payable, $200,000 ; current liabilities, $5,591 ; profit and loss, $11,525 — total, $547,116.
Contra: Cost of road and equipment, $533,357 ; cash and current assets, $13,759 — total, $547,116.
Directors (elected Jan. 13, 1903). — Spencer S. Bullis, Natchez, Miss.; G. P. Bullis, R. S.
Bullis, Olean, N. Y. ; G. A. Barnes, S. T. Lyke, J. H. Smith, Arcade, N. Y. ; O. P. Stockwall, Attica,
N. Y. ; J. E. Mason, F. J. Schwab, North Java, N. Y. OFFICERS : S. S. BULLIS, Pres., Natchez,
Miss.; G. P. Bullis, Vice-Pres. ; R. S. Bullis, Sec. & Treas., Arcade, N. Y. GENERAL OFFICE,
Arcade, N. Y.
BUFFALO CREEK RR. — William St. to Peck Slip, Buffalo, N. Y., 4.18 m. ; Oil Refinery,
0.83 m. ; Lake Erie, 0.81 m. — total, 5.82 m. ; total track (steel), 21.44 miles. Rail, 58
and 80 Ibs. Gauge, 4 ft. 8J in. Chartered Jan. 25, 1869 ; road opened in June, 1870. Leased Dec.
31, 1889, for the term of its charter, less one day, to the Erie RR. Co. and the Lehigh Valley RR. Co.
Income Account, year ending June 30, 1902. — Rental, $52,429 ; other receipts, $11,017 — total,
$63,446. Payments: Interest on bonds, $34,825; general expenses, $4,347; dividends (7 p. c.),
$17,500 — total, $56,672. Surplus, $6,774 ; deficit forward, $2,713 ; net surplus, $4,061.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $250,000; funded
debt (see below), $681,000; dividends unpaid, $8,750; profit and loss, $4,061 — total, $943,811.
Contra : Cost of road and equipment, $931,589 ; cash and current assets, $12,222 — total, $943,811.
Funded Debt. — Funded debt outstanding on June 30, 1902, consisted of $190,000 1st 6s of
Jan. 1, 1907, and $491,000 2d consol. gold 5s of Jan. 1, 1941.
Directors. — Charles Steele, E. B. Thomas, John G. McCullough, Geo. M. Gumming, Alfred
Walter, Wm. H. Sayre, New York, N. Y. ; Wilson S. Bissell, Buffalo, N. Y. OFFICERS : CHARLES
STEELE, Pres.; Wm. H. Sayre, Sec. & Treas., New York, N. Y. GENERAL OFFICE, 26 Cortlandt
Street, New York, N. Y.
BUFFALO CREEK TRANSFER RR.— In Buffalo, N. Y., 1.10 m. ; total track (steel, 1.10
m.), 1.60 miles. Rail, 60 Ibs. Gauge, 4 ft. Si in. Chartered July 23, 1881. Stock all owned by
Frank Williams & Co. ; road leased to that firm for operating expenses, and used exclusively for the
firm's business. Locomotives, 2.
General Balance Sheet, June 30, 1902.- — Capital stock ($50,000 auth.; $100 shares).
$5,000 ; real estate mtge., $45,200 ; sundries, $200 — total, $50,400. Contra : Cost of road and
equipment, $50,000 ; other assets, $382 ; cash and current assets, $18 — total, $50,400.
Directors (elected June, 1902). — Horace A. Noble, John R. Williams, Robert H. Williams, C.
C. McDonald, F. F. Williams, J. W. Noble, Buffalo, N. Y. OFFICERS : HORACE A. NOBLE, Pres. ;
John R. Williams, Treas.; Arthur H. Williams, Sec.; Chas. C. McDonald, Aud.; R. H. Williams,
Gen. Supt., Buffalo, N. Y. GENERAL OFFICE, Buffalo, N. Y.
CAMMAL AND BLACK FOREST RR. — Cammal to County Line, Pa., 21.40 m. ; Pump
Station to Tombs Switch, 4.20 m. ; Summit Switch to Baldwin Run, 2.50 m. — total, 28.10 miles.
Gauge, 4 ft. 8J in. Rail (steel), 60, 65 and 68 Ibs. Chartered March 14, 1894; main line opened
July 1, 1895 ; Tombs branch in Nov., 1896 ; branch to Baldwin Run, in 1898. Locomotives, 2.
Cars — passenger, 3 ; freight, 39 — total, 42.
Operations, year ending June 30, 1902. — Passengers carried, 803; carried one mile, 22,564.
Tons freight moved, 40,973; ton-miles, 1,151,313. Earnings (passenger, $205; freight, $19,827),
$20,032. Operating expenses, $23,312. Deficit, $3,280 ; deductions during year, $339 — total
deficit, $3,619.
General Balance Sheet. June 30, 1902. — Capital stock ($150,000 auth. ; $100 shares), $75,-
000; current liabilities, $7,391; profit and loss, $79,833 — total, $162,224. Contra: Cost of road
and equipment, $151,716 ; materials, etc., $7,000 ; cash and current assets, $3,508 — total, $162,224.
Directors. — R. McCullough, Joseph Wood, J. S. Childs, W. N. Peoples, Jersey Shore, Pa. ; H.
S. Childs, W. C. Wood, Cammal, Pa. OFFICERS : R. MCCULLOUGH, Pres. ; Joseph Wood, ST. rf-
Treas. ; H. B. Humes, Aud., Jersey Shore, Pa. ; C. B. McCullough, Gen. Mgr., Cammal, Pa. GEN-
ERAL OFFICE, Cammal, Pa.
CATSKILL AND TANNERSVILLE RY.— Otis Summit to Tannersville, N. Y., 5.50 m. ;
total track (steel; 40 Ibs.), 5.79 miles. Gauge, 3 ft. Chartered Sept. 14, 1892; road opened July
1?,' POOR'S MANUAL OP RAILROADS - MIDDLE ATLANTIC GROUP.
8 1893 • extension from Koaterskill to Tannersville. 4.57 miles. In 1899. Operated by the Kaaters-
k'lll RR Co until Sept. 30. 1898; since then by its owners. The Catskill Mountain Ry. Co. pays to
the Catskill and Tannersville Ry. Co. $4.800 as concession. Locomotives, 2. Cars— passenger. 1 ;
.TT*t** run (passenger. 8,326; freight. 926). 9.252
miles Pa-wne.-rs carried. 33.050 ; carried one mile. 132,756. Tons freight moved, 780 ; ton-miles,
2.709'. Earnings (passenger. $3.835; freight. $777; other, $11), $4.623; received from C M. Ry.
Co $4 800 — total, $9.423. Deductions : Operating expenses, $9,479 ; interest on d
Ux'ee* $3377 dividends. $1.500— total, $13.413. Deficit $3,990; deficit forward. $2.510— total,
$6>BChJneral Balance Sheet, June 30. 1902.— Capital stock ($100 shares). $80,000; subscrip-
tion to bonds not yet issued, $36.000; bills payable. $7,132; current liabilities, $4,529; interest
accrued, not due, $2,596 ; taxes accrued. $242 ; dividends unpaid, $750 — total, $131.24! Contn
Cost of road and equipment. $123.815 ; materials, etc., $100 ; cash and current assets, $834 ; profit
and loss, $6,500 — total, $131,249.
Director* (elected Nov. 18, 1902).— C. L. Rlckerson, Brooklyn, N. Y. ; W. H. White, Jr., E.
E Olcott New York, N. Y. ; W. D. Baldwin, Yonkers, N. Y. ; Isaac Pruyn, Orrin Day. Chas. A.
Beach, Catskill. N. Y. OFFICERS : C. L. RICKKRSON, Prea., Brooklyn, N. Y. ; W. D. Baldwin, V\cc-
Prea.. Yonkers, N. Y. ; Chas. A. Beach, Sec. d Treoa.; John L. Drlscoll, Supt., Catskill, N. Y.
GENERAL OFFICE, Catskill, N. Y.
CATSKILL MOUNTAIN BY.— Catskill to Palenville, N. Y.. 15.75 m. ; Cairo RR. (leased,
see below) 3.77 m. — total, 19.52 m. ; sidings (owned, 1.31 m. ; leased, 0.55 m.), 1.86 miles. Rail
(steel) 40* IDS. Gauge, 3 feet. Chartered, July 2, 1885, as successor to the Catskill Mountain RR.
Co (See MANUAL for 1887.) Locomotives (owned, 3; leased, 1), 4. Cars — passenger, 12; bag-
gage etc 4; freight (box, 3; flat. 5; coal, 5), 13; caboose, 1 — total. 30.
Operations, year ending June 30, 1902. — Trains run (passenger, 29,942; freight, 9,950). 39,-
892 miles. Passengers carried. 53.943 ; carried one mile, 710,933. Tons freight moved, 25,771 :
ton-miles. 355,107. Earnings (passenger, $37,335; freight, $10.665; other, $409), $48,409.
Operating expenses, $35,034. Net earnings, $13,375 ; other receipts, $258 — total, $13,633. Pay-
ments : Interest on bonds, $2,500; taxes, $1,604; rentals, $2,944; Catskill and Tannersville Ry.
Co. under contract, $4,800 — total, $11,848. Surplus, $1.785 ; surplus forward, $57,928 — total,
$59,713.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $89,000; funded debt
(see below), $303,600 ; bills payable, $5,000 ; current liabilities, $5,073 ; interest accrued, $1,042 ;
rental accrued, $1,657 ; profit and loss, $59,713 — total, $465,085. Contra : Cost of road and equip-
ment, $450,790; materials, etc., $2,950; cash and current assets, $11,345 — total, $465,085.
Ponded Debt. — Funded debt, June 30, 1902, consisted of $50,000 1st 5s of Aug. 1, 1905 ;
$238,000 1st income 6s of Aug. 1, 1915, and $15,600 ($16,000 auth.) 2d income 6s of Aug. 2, 1915.
RAILROAD LEASED BY CATSKILL MOUNTAIN RY. Co.
General Balance Sheet, June 30, 1902. — Capital
ptock ($23,000 auth.; $100 shares), $24,500; funded
debt (1st 6s of May 1. 1905). $25,000; interest ac-
crued, $250 ; sundries, $128 ; profit and loss, $349 —
total. $50,227. Contra : Cost of property, $48,783 ;
other assets. $1,444 — total, $50,227.
Lewis Wolfe, Pres., Athens, N. Y. ; Wm. .T.
Hughes, Sec. & Treas.. Catskill, N. Y. Corporate
Office, Catskill, N. Y.
Cairo RR. — Cairo to Cairo June., N. Y., 3.77
m. ; total track (steel; 40 Ibs), 4.02 miles.
Gauge, 3 ft.
Chartered April 10, 1884; opened July 1, 1885.
Leased to the Catskill Mountain Ry. Co.
Rental, 1901-2, $2,944. Payments : Interest on
bonds, $1,500; dividends (6 p. c.), $1,470; expenses,
$66 — total, $3,036. Deficit, $92; surplus forward,
$441 ; net surplus $349. The company owns 1 loco-
motive.
Directors, C. M. Ry. Co. (as constituted Dec. 18, 1902). — E. E. Olcott, New York, N. Y. ; J. D.
Hasbrouck. Ridgewood, N. J. ; C. L. Rickerson, Brooklyn, N. Y. ; T. B. Beach, Orrin Day, Isaac
Pruyn, Fred Werner, G. H. Beach, Chas. Beach, W. I. Jennings, C. A. Beach, J. P. Philip, Catskill,
N. Y. ; Lewis Wolfe, Athens, N. Y. OFFICERS: C. A. BEACH, Pres.; W. I. Jennings, Vice-Pres. ;
Orrin Day, Treas. ; C. A. Beach, Sec. & Gen. Supt., Catskill, N. Y. GENERAL OFFICE, Catskill, N. Y.
CENTRAL RR. CO. OF PENNSYLVANIA.— Ballefonte to Mill Hall, Pa., 27.3 m. ;
branches, 5.3 m. — total, 32.6 miles. Gauge, 4 ft. 8f in. Rail (steel), 70 Ibs. Organized Sept. 11,
1891; completed as above during the fiscal year 1900. Projected from Lamar to White Deer, 35
mile*. Locomotives, 3. Cars — passenger, 6 ; freight, 9 ; other, 2 — total, 17.
Operations, year ending June 30, 1902. — Trains run (passenger, 54,752; freight, 56,578),
111,330 miles. Passengers carried, 61,996; carried one mile, 640,860. Tons freight moved, 309,-
570; ton-miles, 5,158,772. Earnings (passenger, $12,660; freight, $66,518; other, $2,188),
$81.366. Operating expenses, $53,247. Net earnings, $28,119 ; other receipts, $1,552 — total, $29.-
671. Payments : Interest on bonds, $36,000 ; other Interest, $16,542 ; taxes, $77 ; other charges,
$345 — total, $52,964. Deficit, $23,293.
General Balance Sheet. June 30, 1902. — Capital stock ($50 shares), $1,200,000; funded
debt ( 1st 6s of May 1, 1943), $600,000 ; current liabilities, $514,674 ; real estate mortgages, $2,500 ;
interest accrued, $6.000 — total, $2,323,174. Contra : Cost of road and equipment, $1,055,119 ;
lands owned, $11,000; advanced to Construction Co., $828,643; cash and current assets, $70,832;
profit and loss, $357,580 — total, $2,323,174.
Directors. — Chas. M. Clement. Robert Valentine, Bellefonte, Pa. : Chas. W. Wilhelm, Reading,
Pa. ; Wm. J. McHugh, Edward L. Welsh, Wm. McLaughlin, Alfred M. Gray, Philadelphia, Pa.
OFFICERS: CHAS. M. CLEMENT, Prea., Bellefonte, Pa.; Edward L. Welch, Vice-Prea. ; Wm. J. Mc-
Hugh, Treas. & Sec., Philadelphia, Pa. ; M. L. Altenderfer, And., Bellefonte, Pa. GENERAL OFFICE,
304 Walnut Street, Philadelphia, Pa.
GHATEATJGAY RR.— Dannemora to Lyon Mountain, N. Y., 18.01 m. ; leased lines — Cha-
teuagay Ry., 38.89 m. ; Saranac and Lake Placid RR., 9.93 m. ; Plattsburgh and Dannemora RR.,
Plattsburgh to Dannemora. N. Y.. 15.92 m. — total, 82.75 m. ; total track (steel; 46 to 65 Ibs.),
94.20 miles. Gauges, 3 ft. and 4 ft. 81 in. Chartered May 30, 1879. Road from Plattsburgh to
Dannemora, built by the State, opened July 1, 1879 ; from Dannemora to Lyon Mountain, built by
company, opened March 1, 1880. The State road is operated at a rental of $1 per annum, the com-
pany to haul supplies to the State prison free of charge. For information respecting the other leased
lines, see appended statements therefor. On Dec. 28, 1902, the line from Plattsburgh to Lyon Moun-
tain, 34 miles, was broadened to the standard gauge. Locomotives, 18. Cars — passenger, 18 ; bag-
POOR'S MANUAL OF RAILROADS. 173
gage, etc., 4; freight (box, 38; stock, 2; flat, 138; coal, 15), 193; other, 241 — total, 456. Of
which leased — 2 locomotives, 3 passenger, and 6 box cars.
Operations, year ending June 30, 1902. — Trains run (passenger, 116,204; freight, 204,789;
mixed, 21,000), 341,993 miles. Passengers carried, 67,206; carried one mile, 1,604,938. Tons
freight moved, 349,679; ton-miles, 7,634,442. Earnings (passenger, $57,414; freight, $189,031;
other, $10,309), $256,754. Operating expenses, $218,959. Net earnings, $37,795; other receipts,
$22 — total, $37,817. Payments : Taxes, $6,390 ; rentals, $25,301-.-total, $31,691. Surplus,
$6,126.
General Balance Sheet, June 30, 1902.- — Capital stock ($100 shares), $76,000; current lia-
bilities, $50,825 ; inventory of road and equipment above capital stock, $432,583 ; profit and loss,
$6,126 — total, $664,534. Contra : Cost of road and equipment, $607,583 ; other investments,
$9,388 ; materials, etc., $27,223 ; cash and current assets, $20,340— -total, $564,533.
RAILROADS LEASED BY CHATEAUGAY RR. Co.
Chateaux-ay Ry. — Lyon Mountain to Sara-
nac Lake, N. Y., 38.89 miles. Gauge, 3 ft. Rail
(steel), 46 to 65 Ibs.
Chartered April 2, 1886 ; opened throughout,
Dec. 5, 1888. Leased to the Chateaugay RR. Co. ;
rental, interest on bonds.
Capital stock ($100 shares), $168,000; funded
debt (1st 6s of Aug. 1, 1907), $200,000 — total, rep-
resenting cost, $368,000.
Bonds are guaranteed, principal and interest,
by the Delaware and Hudson Co.
Smith M. Weed, Pres. ; Geo. S. Weed, Sec.,
Plattsburgh, N. Y. ; Talbot Olyphant, Treas., New
York, N. Y. Office, Plattsburgh, N. Y.
Sarniiac and Lake Placid RR. — Saranac
to Lake Placid, N. Y., 9.98 m. ; total track (steel ;
60 Ibs.), 10.83 miles. Gauges, 4 ft. 8i in. and 3 ft.
Chartered July 12, 1890 ; road opened Aug. 1,
1893. Leased to the Chateaugay RR. Co. and
Chateaugay Ore and Iron Co., jointly for 17 years
from Jan. 1, 1897, at an annual rental of 35 p. c.
of the gross receipts of the road, and one-half of
the net profit of the transfer business at Lake
Placid, N. Y. ; with a minimum guarantee of
$7.200 per annum, being interest, at 5 p. c. on
$120,000 1st mtge. bonds and $24,000 2d mtge. bonds.
Locomotives, 2. Cars — passenger, 2 ; baggage,
etc., 1 — total, 3.
Income, year ending June 30, 1902. — Rental, $9,-
048. Payments : Interest on bonds, $7,200 ;
charges, $2,001 — total, $9,201. Deficit, $153; deficit
forward, $1,830 ; net deficit, $1,983.
Balance Sheet, June 30, 1902.— Capital stock
($100 shares), $250,000; funded debt, $144,000;
loans and bills, $4,500— total, $398,500. Contra :
Cost of road, etc., $357,372 ; securities of other
companies, $24,500 ; open accounts, $14,645 ; profit
and loss, $1,983 — total, $398,500. Funded debt on
June 30, 1902, consisted of $120,000 1st gold 5s of
May 1, 1913; and $24,000 2d gold 5s of Nov. 1,
1913.
J. N. Stower, Pres., Plattsburgh, N. Y. ; Talbot
Olyphant, Sec., New York, N. Y. Office, 31 Nas-
sau St., New York, N. Y.
Directors (C. RR. Co.).— Smith M. Weed, J. N. Stower, F. E. Smith, Plattsburgh, N. Y.
OFFICERS: SMITH M. WEED, Pres.; Frank E. Smith, Vice-Pres., Plattsburgh, N. Y. ; Talbot Oly-
phant, Treas., New York, N. Y. ; Geo. S. Weed, Sec.; I. N. Stower, Gen. JO.gr.; W. W. Conaughty,
Gen. S-upt., Plattsburgh, N. Y. GENERAL OFFICE, Plattsburgh, N. Y.
CHESAPEAKE BEACH BY. — Chesapeake June., D. C., to Chesapeake Beach, Md., 30 m. ;
trackage (B. & O. RR.), Hyattsville to Chesapeake June., 4.2 m. — total operated, 34.2 miles. Sid-
ings, etc., 5 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 to 85 Ibs. Chartered March 7, 1896, as suc-
cessor to the Washington and Chesapeake Beach Ry. Co., whose franchises and partly completed road-
bed were sold under foreclosure on Dec. 10, 1895. The road was built by the present company, being
completed as above in 1899. An extension from the District line into Washington, D. C., 4 miles, Is
under construction, and will be completed during 1903. Rolling Stock, June 30, 1902. — Locomotives,
4. Cars — passenger, 32 ; baggage, etc., 4 ; flat, 18 — total, 54. Of this equipment, 3 locomotives, 28
passenger cars, and 4 baggage cars are held under equipment trusts.
Operations, year ending June 30, 1902. — Earnings (passenger, $42,414; freight, $6,857;
other, $3,019), $52,290; other receipts, $544 — total, $52,834. Operating expenses and charges,
$75,501. Deficit, $22,667.
Financial Statement, Dec. 31, 1902. — Capital stock authorized and issued ($100 shares),
$1,000,000 ; funded debt (1st gold 5s of Jan. 1, 1923), $1,000,000.
Directors. — A. C. Ridgway, Denver, Colo. ; Fred. W. Moffat, F. D. McKenney, Paul Y. Waters,
Washington, D. C. ; Syl. T. Smith, Chicago, 111. OFFICERS : SYL. T. SMITH, Pres., Chicago, 111. ;
A. C. Ridgway, Vice-Pres., Denver, Colo.; Fred. W. Moffat, Treas.; Paul Y. Waters, Sec. & Gen.
Mgr., Washington, D. C. GENERAL OFFICE, 1420 New York Ave., Washington, D. C.
CHESTNUT RIDGE BY.— Kunkletown to Lehigh Gap, Pa., 10.4 m. ; total track, 10.84
miles. Gauge, 4 ft. 81 in. Rail (steel), 58 and 62 Ibs. Organized March 13, 1898, as Chestnut
Ridge RR. Co. of Pennsylvania. Road opened in January, 1900. Sold under foreclosure Dec. 30.
1901, and reorganized under its present title on Feb. 27, 1902. Locomotives, 2. Cars — passenger,
2; freight (box, 2; flat, 2 ; dump, 6), 10 — total, 12.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $911; freight, $4,528; other,
$200), $5,639. Operating expenses, $5,597. Net earnings, $42; other receipts, $85 — total, $127.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($50 shares), $110,000; funded debt
(1st 6s of March 1, 1905), $40,000; current liabilities, $1,136; other liabilities, $466 — total,
$151,602. Contra: Cost of road and equipment, $130,808; other investments, $9,226; materials,
etc., $175; cash and current assets, $1,167; other assets, $10,011; profit and loss, $215 — total,
$151.602.
Directors (elected May 19, 1903). — James G. Beemer, E. S. Sutro, H. B. Culver, Chas. H. Ber-
nard, New York, N. Y. ; W. B. Easton, East Stroudsburg, Pa. ; N. B. Dreher, A. M. Palmer, Strouds-
burg, Pa. OFFICERS : A. MITCHELL PALMER, Pres., Stroudsburg, Pa. ; James G. Beemer, Vice-
Pres.; G. H. L. Morton, Sec. & Treas., New York, N. Y. GENERAL OFFICE, 121 W. 42d Street,
New York, N. Y.
CLEABFIELD SOUTHEBN BB. — Projected : Porters to Irvona, Pa., 25 m. ; branches, 6
m. — total, 31 miles. Completed up to June 30, 1902 : Porters to Hoovers Mill. Pa., 14.6 m. ; total
track (steel; 67 Ibs.), 15.6 miles. Gauge, 4 ft. 8J in. Chartered July 6, 1898; road opened in
1899. Between Porters and Faunce, 7 miles, the road is operated regularly ; trains are run between
Faunce and Hoover's Mill only on special orders. Owns 1 locomotive and 1 combination car.
Operations, year ending June 30, 1902. — Trains run (mixed), 13,387 miles. Passengers car-
ried, 3,598 ; carried one mile, 18,966. Tons freight moved, 18,490 ; ton-miles, 40,561. Earnings
(passenger, $1,004; freight, $14,328), $15,332. Operating expenses, $8,424. Net earnings, $6,908.
Deductions, $6,165. Surplus, $743.
174 POOR'S MANUAL OP RAILROADS MIDDLE, ATLANTIC GROUP.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares). $168,000; funded
debt (1st 5* of March 1, 1930). $168.000; current liabilities, $3,184; profit and loss, $2,932-
total, $342 116. Contra: Cost of read and equipment, $336,000 ; cash and current assets, $1,603 ;
material*, etc., $4,513— total, $342.116.
Directors.— James Kerr, H. B. Powell, Clearfleld, Pa. ; H. H. Brady, Clarence D. Simpson,
Scranton, Pa. ; Benjamin S. Harmon, Albert B. Kerr, New York, N. Y. ; A. E. Patton, Curwensville.
Pa. OFFICKRS : JAMES KKRR, Pre*., Clearfleld, Pa. ; Clarence D. Simpson, Vice-Pres., Scranton, Pa. :
A. B. Kerr, Sec., New York, N. Y. ; A. E. Patton, Treaa., Curwensville, Pa. ; O. C. Shults, Supt.,
Clearfleld, Pa. GENERAL OFFICE, Clearfleld, Pa.
CONNECTING TERMINAL BB. -In Buffalo. N. Y., 1 mile. Rail (steel), 60 IDS.
Gauge, 4 ft. 8J in. Chartered June 7, 1881 ; road opened In 1883. Built to supply terminal
facilities for through lines of railway.
Operations, year ending June 30, 1902. — Tons freight moved, 356,315 ; ton-miles, 356,315.
Karnings (freight), $104,883. Operating expenses, $69,224. Net earnings, $35,659. Payments:
Interest on bonds, $25,000; taxes, $10,659 — total, $35,659. Deficit forward, $1,424. Deductions
during the year, $16,602 — total deficit. $18,026.
General Balance Sheet, June 30r 1902. — Capital stock ($50 shares), $20,000; funded debt
(1st 5s of May 1, 1923), $500,000; loans, bills payable, etc., $250,344 — total, $770,344. Contra:
Cost of road and equipment, $505,938 ; current accounts, $241,495 ; cash, $4,885 ; profit and loss,
$18,026 — total, $770,344.
Funded. Debt. — The 1st mtge. bonds, originally 6s, matured May 1, 1903, and were ex-
tended for 20 years, the rate of interest being reduced to 5 p. c. per annum.
Directors ( elected May 20, 1902). — James C. Evans, Edwin T. Evans, Buffalo, N. Y. ;
Win. J. Boddy, Geo. B. Bonnell, John E. Payne, Frank J. Firth, Wm. H. Barnes, Frank
Staley, P. R. Perkins, S. F. Houston, John P. Green, S. M. Prevost, Walter Thayer, Philadelphia,Pa.
OFFICERS : FRANK J. FIRTH, Pres., Philadelphia, Pa. ; Edwin T. Evans, Vice-Pres., Buffalo, N. Y. ;
Frank Staley, Sec.; P. R. Perkins, Treas., Philadelphia, Pa. GENERAL OFFICE, 26 South Fifteenth
St., Philadelphia, Pa.
CORNWALL. BB. — Lebanon to Mount Hope, Pa., 12.67 m. ; 2d track, 3 m. ; sidings, 12.71
m. — total track (steel, 21.39 m.), 28.38 miles. Rail, 60 and 70 Ibs. Gauge, 4 ft. 8J in. Chartered
May 25, 1850; road opened Jan., 1854. (See MANUAL for 1893.) Locomotives, 5. Cars — passen-
ger, 9; freight (flat), 27 — total cars, 36.
Operations, year ending June 30, 1902. — Trains run (passenger, 49,371; freight, 18,777),
68,148 miles. Passengers carried, 117,600; carried one mile, 819,819. Tons freight moved, 812,-
907; ton-miles, 4,227,458. Earnings (passenger, $17,391 ; freight, $89,114 ; other, $5,498), $112,-
003. Operating expenses, $61,484. Net earnings, $50,519 ; other receipts, $2,220 — total, $52,739.
Payments: Taxes, $4,161; dividends (8 p. c.), $31,882 — total, $36,043. Surplus, $16,696; sur-
plus forward, $585,628 — total, $602,324.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $400,000; profit and
loss, $602,324 — total, $1,002,324. Contra : Cost of road and equipment, $874,218 ; securities
owned, $50,625 ; other investments, $1,341 ; lands owned, $45,020 ; cash and current assets,
$31,120 — total, $1,002,324.
Directors (elected Jan. 12, 1903). — B. H. Buckingham, Cornwall, Pa.; Walter Scranton,
Moses Taylor, New York, N. Y. ; A. M. Patch, Howard C. Shirk, Lebanon, Pa. OFFICERS : B. H.
BUCKINGHAM, Pres., Lebanon, Pa. ; Walter Scranton, Vice-Pres., New York, N. Y. ; Howard C.
Shirk, Sec.; A. M. Patch, Treas. & Supt., Lebanon, Pa. GENERAL OFFICE, Lebanon, Pa.
CORNWALL AND LEBANON BB. — Conewago to Lebanon, Pa., 21.66 m. ; Cornwall
to Ore Banks, 1.17 m. ; Lebanon to North Lebanon, 0.34 m. ; Lebanon to East Lebanon, 1.72 m. ;
June. Lake Conewago Branch to Lake Conewago, 1.36 m. — total, 26.25 m. ; 2d track, 15.36 m. —
total track (steel; 60 to 85 Ibs.), 51.73 miles. Gauge, 4 ft. 83 in. Consolidation, June 1, 1886.
of the C. & L. and the Colebrook Vy. RR. Cos. Locomotives, 11. Cars — passenger, 16 ; baggage
etc., 1; freight (flat, 16; coal, 500), 516; service, 8 — total, 541.
Operations, year ending June 30, 1902. — Trains run (passenger, 66,995; freight, 98,121;
other, 120,411), 285,527 miles. Passengers carried, 163,698; carried one mile, 1,775.664. Tons
freight moved, 1,356,854; ton-miles, 19,002,383. Earnings (passenger, $31,245; freight, $250,-
556; other, $51,142), $332,943. Operating expenses, $177,105. Net earnings, $155,838. Pay-
ments: Interest on bonds, $38,320; taxes, $11,000; dividends (6 p. c.), $48,000 — total, $97,320.
Surplus, $58,518 ; surplus forward, $277,638 — total, $336,156.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $800,000; funded debt
(see below), $766,400; current liabilities. $3,112; interest accrued, not due, $9,580; profit and
loss, $336,156 — total, $1,915,248. Contra : Cost of road and equipment, $1,746,714 ; materials,
etc., $4,190; cash and current assets, $164,344 — total, $1,915,248.
Funded Debt. — Funded debt, June 30, 1902, consisted of $764,900 ($800,000 auth.) 1st 5s of
April 1, 1921, subject to call on and after April 1, 1906, at par; and $1,500 ($60,000 auth.) 1st
Lebanon Belt 5s of July 1, 1914, subject to call on and after July 1, 1904, at par.
Directors (elected Jan. 12, 1903). — B. Dawson Coleman, Edward R. Coleman, J. P. S. Gobin,
Lebanon, Pa. ; E. C Felton, Philadelphia, Pa. ; Walter Scranton, New York, N. Y. ; Theo. N. Ely,
Bryn Mawr, Pa. ; F. C. Smink, Reading, Pa. ; Herbert B. Cox, B. H. Buckingham, Cornwall, Pa.
OFFICERS : ALLEN D. SMITH, Pres. & Gen. Supt., Lebanon, Pa. ; E. C. Felton, Vice-Pres., Philadel-
phia, Pa.; B. Dawson Coleman, Sec.; Henry W. Siegrist, Treas., Lebanon, Pa. GENERAL OFFICE.
Lebanon, Pa.
COTTDEBSPORT AND POBT ALLEGANY BB.— Port Allegany to Ulysses, Pa., 40
m. ; Coudersport to Sweden Valley, Pa.. 5 m. — total, 45 m. ; total track (steel ; 60 and 65 Ibs.), 53
miles. Gauge, 4 ft. 81 In. Consolidation, Jan. 1, 1896, of the (first) C. & P. A. RR. Co. with the
Coudersport and Pine Creek RR. Co. Locomotives, 3. Cars — passenger, 4 ; baggage, 1 ; freight
(box, 4; flat, 51), 55; plow, 1 — total, 61.
Operations, year ending June 30, 1902. — Trains run (passenger, 50,400 ; freight, 25,200), 75,-
600 mlle«. Passengers carried, 59,462 ; carried one mile, 872,246. Tons freight moved, 168,509 ;
ton-miles, 4,316,996. Earnings (passenger, $25,710; freight, $82,775; other, $4,570), $113,055.
Operating expenses, $62,251. Net earnings, $50,804. Payments: Interest on bonds, $12,250;
taxes, $2,237; dividends (12 p. c.), $36,000 — total, $50,487. Surplus, $317; surplus forward,
$24,428— total, $24,745.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $300,000; funded
POOR'S MANUAL OF RAILROADS. 175
debt (1st 5s of June 15, 1916), $245,000; profit and loss, $24,745 — total, $569,745. Contra: Cost
of road and equipment, $553,871 ; cash and current assets, $15,874 — total, $569,745.
Directors. — C. S. Carey, F. N. Blakeslee, Clean, N. Y. ; B. D. Hanilin, H. Hamlin, Smethport.
Pa. ; A. G. Olmsted, B. A. McClure, H. J. Olmsted, R. L. Nichols, Coudersport, Pa. OFFICERS : JAMES
L. KNOX, Pres., Coudersport, Pa. ; C. S. Carey, Vice-Pres., Olean, N. Y. ; M. S. Thompson, Treaa. ; A.
B. Mann, Sec.; B. A. McClure, Gen. Supt., Coudersport, Pa. GENERAL OFFICE, Coudersport, Pa.
DANSVILLE AND MOUNT MORRIS RR.— Dansville to Mount Morris, N. Y., and
branches (Incl. 2.35 m. leased), 14.63 m. — total track (steel; 60 and 65 Ibs.), 16.38 miles. Gauge,
4 ft. 8J in. Chartered Oct. 21, 1891, as successor to the Erie and Genesee Valley RR. Co. Default
was made on Interest due May 1, 1894, and a receiver appointed in June, 1894. Locomotives, 2.
Steam motor car, 1.
Operations, year ending June 30, 1902. — Trains run (mixed),' 19,292 miles. Passengers
carried, 24,086 ; carried one mile, 256,502. Tons freight moved, 28,983 ; ton-miles, 300,839.
Earnings (passenger, $7,811; freight, $12,453; other, $1,194), $21,458. Operating expenses,
$17,252. Net earnings, $4,206. Paid taxes, $967. Surplus, $3,239. Deficit forward, $34,552.
Net deficit June 30, 1902, $31,313.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $50,000; funded debt
( 1st 5s of Nov. 1, 1931), $150,000 ; loans and bills payable, $34,673 ; receivers' certificates, $8,584 :
other liabilities, $9 — total, $243,266. Contra : Cost of road and equipment, $206,900 ; improve-
ment account, $4,000 ; suspense account, $508 ; cash and current assets, $545 ; profit and loss,
$31,313 — total, $243,266.
Directors.— Ambrose S. Murray, Jr., Geo. Freifeld, E. P. Roberts, New York, N. Y. ; Palmer
Campbell, Hoboken, N. J. ; C. E. Tolhurst, Rutherford, N. J. ; F. M. Ferine, A. O. Bunnell, Dans-
ville, N. Y. ; Robert H. England, Rochester, N. Y. ; Bird W. Spencer, Passaic, N. J. OFFICERS :
AMBROSE S. MURRAY, Jr., Receiver & Sec., 22 William St., New York, N. Y. ; Robt. H. England, Gen.
Mgr., Rochester, N. Y. GENERAL OFFICE, 22 William St., New York, N. Y., and Dansville, N. Y.
DELAWARE VALLEY RR. — Projected : Saylorsburg, Pa., to Port Jervis, N. Y., 52 miles.
Completed up to July, 1902; East Stroudsburg to Bushkill, Pa., 12.91 m. ; total track (steel; 80
Ibs.), 13.35 miles. Gauge, 4 ft. 8J in. Organized Oct. 26, 1899, and succeeded to the rights, etc.,
of the Delaware Valley Ry. Co. and of the Delaware Valley, Hudson and Lehigh RR. Co. Road
opened as above In July, 1901. Locomotives, 1. Cars (passenger, 2; baggage, etc., 1), 3.
Operations, year ending June 30, 1902. — Trains run (passenger, 23,706; mixed, 6,254),
29,960 miles. Passengers carried. 19,137. Tons freight moved, 8,050. Earnings (passenger,
$4,638; freight, $3,167), $7,805. Operating expenses, $8,634 ; sundry charges, $15 — total, $8,649.
Deficit from operation, $844.
General Balance Sheet, June 30, 1902. — Capital stock ($1,000,000 auth. ; $50 shares),
$252,500; funded debt ( 1st 5s of Jan., 1932), $190,000 ; current liabilities, $2,391 ; profit and loss,
$844 — total, $445,735. Contra : Cost of road and equipment, $175,000 ; cash and current assets,
$1,490 ; profit and loss, $269,345 — total, $445,735.
Directors (elected Sept. 1, 1902). — F. W. Coolbaugh, James Zearfass, Easton, Pa.; Milton
Yetter, East Stroudsburg, Pa. ; F. W. Eilenbergen, North Water Gap, Pa. ; Harvey Huffman, V. C.
Peters, J. H. Schull, Stroudsburg, Pa. ; Charles Shuman, Bath, Pa. ; William Bray, East Bangor,
Pa. ; E. F. Peters, Bushkill, Pa. ; A. O. Allen, Portland, Pa. OFFICERS : MILTON YETTER, Pres.,
East Stroudsburg, Pa. ; E. F. Peters, Vice-Pres., Bushkill, Pa. ; Win. Bray, Treas., East Bangor,
Pa. ; Harvey Huffman, Sec. ; J. H. Schull, Counsel, Stroudsburg, Pa. GENERAL OFFICE, Strouds-
burg, Pa.
EAST BROAD TOP RR. AND COAL. — Mount Union to Woodvale, Pa., 31.10 m. ; Shade
Gap RR. (leased; see below), 11.16 m. ; Booher Branch (operated), Jordan June, to Booher Mine,
2.36 m. — total operated, 44.62 miles. Sidings (leased, 1.38 m.), 9.40 miles. Gauge, 3 ft. Rail
(steel), 40, 45, 60 and 70 Ibs. Chartered April 16, 1856; road opened Oct. 15, 1874. Locomotives,
9 cars — passenger, 13; freight (box, 19; stock, 4; flat, 52; coal, 204), 279; other, 9 — total
cars, 301.
Operations, year ending June 30, 1902. — Trains run (mixed, 106,430 ; other, 46,035), 152,465
miles Passengers carried, 99,290 ; carried one mile, 1,159,126. Tons freight moved, 245,002 ;
ton-miles, 6,704,393. Earnings (passenger, $19,150; freight, $80,321; other, $2,708), $102,179.
Operating expenses, $85,201. Net earnings, $16,978 ; other receipts, $2,111 — total, $19,089. Pay-
ments • Interest on bonds, $20,000 ; taxes, $1,356 ; rentals, $880 ; other charges, $2,544 — total,
$24 780 Deficit, $5,691 ; deficit forward, $258,021 — total, $263,712.
General Balance Sheet, June 30, 1902. — Capital stock paid In (common, $568,400; pre-
ferred, $246,750; preferred stock scrip, $439), $815,589; funded debt, $542,400; current liabili-
ties, $365,808 — total, $1,723,797. Contra : Cost of road and equipment, $1,131,257 ; securities
owned, $91,585 ; materials, etc., $14,370 ; cash and current assets, $222,873 ; profit and loss,
$263,712 — total, $1,723,797.
Capital Stock. —Capital stock authorized amounts to $1,000,000 In $50 shares. Preferred
stock is entitled to non-cumulative dividends up to 6 p. c. before common can participate.
Funded Debt.— Funded debt outstanding on June 30, 1902, consisted of $500,000 1st 4s of July
1, 1903, and $42,400 ($42,600 auth.) 6 p. c. equipment note.
RAILROAD LEASED BY BAST BROAD TOP RR. Co.
A. & O.), $92,500 — total, $185,100. Interest pay-
able at company's office.
E. R. Wood, Pres. ; C. R. Wood, Sec. & Treas.
OfPce, 400 Chestnut St., Philadelphia, Pa.
Shade Gap RR. — Rockhill to Nancy, Pa.,
11.16 m. ; total track (steel, 40 Ibs.), 11.18 miles.
Gauge, 3 ft. Road opened in 1885 and leased to
East Broad Top RR. Co.
Capital stock, $92,600; funded debt (1st 6s, Int.
Directors, E. B. T. RR. & Coal Co. (elected Jan. 12, 1903). — Wm. A. Ingham (Chairman),
Edward R. Wood, Geo. Theo. Roberts, Herbert M. Howe, William Longstreth, Walter Wood, Edward
Roberts, 3d, Philadelphia, Pa. ; John Markle," Jeddo, Pa. ; J. M. Drlesbach, Mauch Chunk, Pa.
OFFICERS : WALTER WOOD, Pres. ; J. E. Haverstick, Sec. & Treas., Philadelphia, Pa. GENERAL
OFFICE, 320 Walnut St., Philadelphia, Pa.
EDDYSTONE AND DELAWARE RIVER RR.-Eddystone Mfg. Co. to main line of P.,
W. & B. RR., 1.5 miles. Gauge, 4 ft. 8J In. Rail (steel), 60 and 90 Ibs. Chartered June 12, 1899 ;
road opened in Dec., 1899. Extensions of about 10 miles are projected. Locomotive, 1 ; freight
(flat) car, 1.
176 POOR'S MANUAL or RAILROADS— MIDDLE ATLANTIC GROUP.
Operations, year ending June 30. 1902.— Earnings (freight), $11,348. Operating expenses,
$4>8&neralla\ance$She°e\, June 30. 1902.-Capltal stock ($60,000 auth. ; $50 shares) $32,-
500 ; current liabilities T $25 . profit and loss, $6,005-total. $37,630 Contra : Cost of road and
equipment. $30,079 ; other investments, $501 ; cash and current assets $6.950-^ total . W7.530.
Directors (elected Nov. 20, 1902). —Lincoln Godfrey, Henry 8. Godfrey, A. C. Pancoast. W. P.
Simpson. Philadelphia. Pa.; John U. Fraley. New York. N. Y. OFFICERS : : LINCOLN GODFREY Pres;
\V 1> sm.pson Vicr-/'rc«. A Treat.; Henry S. Godfrey, .Sec. ; W. P. Anthony, Gen. Mgr., Philadel-
phia. Pa. GKNEKAI. OKU. K. 128 Chestnut Street, Philadelphia, Pa.
ELK AND HIGHLAND RR.— Coon Run to Mlddletown, Pa., 10.81 m. ; Switchback to
Kane and Klk June.. 0.50 in. ; P. & W. RR. at Nansen, 0.50 m. ; Maple Run to Rogers Mill, 1.91
m Maple Run to Pigeon Run, 1.54 m.— total, 15.26 m. ; total track, 17.22 miles. Gauge 3 ft.
Rail 30 Ibs Chartered April 4. 1898, and first section of road opened in the same month. Loco-
motives. 3. Cars — combination,!; freight ( flat, 44 ; box, 2), 46 — total, 47.
Operations, year ending June 30, 1902.— Trains run (freight), 18,849 miles. Tons freight
moved ' ,325; ton-miles, 291,517. Earnings (freight), $24,216. Operating expenses, $21,932.
Net earnings, $2,284. Deductions, $594. Surplus, $1,690; surplus forward, $16,903 — total, $18,593.
General Balance Sheet, June 30, 1902. — Capital stock ($102.000 auth.; $50 shares), $51,-
000; funded debt (particulars not furnished), $17,000 ; accrued interest, $170 ; current liabilities,
$7.576 ; profit and loss, $18,593 — total, $94.339. Contra : Cost of road and equipment, $67,367 ;
cash and current assets, $26,972 — total, $94,339.
Directors.— D. H. Miller, J. B. Wright, A. P. Huey, C. H. Kemp, T. R. Hoskins. Kane, Pa.: J.
W Miller, B. E. Miller, Nansen, Pa. ; J. H. Mott, Warren, Pa. OFFICERS : D. H. MILLER, Pres. ; J. B
Wright. Treas.; J. W. Miller, Sec. d Aud.; B. B. Miller, Gen. 8upt., Nansen, Pa. GENERAL OFFICE,
Kane, Pa.
EMPORIUM AND RICH VALLEY RR. —Emporium to Elk Forks, Pa., 8 m. ; branches
and spurs, 5.5 m. — total, 13.5 miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 81 in. Chartered Feb. 16,
1891 ; main line opened July 1, 1892 ; Lewis Run Branch, in July, 1898. Locomotives, 2. Cars —
passenger, 1 ; flat, 16 ; log, 40 — total, 57.
Operations, year ending June 30, 1902. — Trains run (mixed), 8,400 miles. Passengers carried,
1,702 ; carried one mile, 11,501. Tons freight moved, 75,639 ; ton-miles, 1,021,126. Earnings
(passenger, $532; freight, $26,885), $27,417. Operating expenses, $20,869. Net earnings, $6,548.
Deductions, $131. Surplus, $6,417 ; surplus forward, $38,489 — total, $44,906.
General Balance Sheet, June 30, 1902. — Capital stock ($100,000 auth. ; $100 shares), $85,-
000 ; current liabilities, $8,340 ; profit and loss, $44,906 — total, $138,246. Contra : Cost of road
and equipment, $132,013 ; cash and current assets, $6,233 — total, $138,246.
Directors (elected Jan. 27, 1903). — Henry Auchu, Joseph Kaye, George A. Walker, Josiah
Howard, B. W. Green, Mrs. Josiah Howard, J. D. Logan, Emporium, Pa. OFFICERS : HENRY AUCHU,
Pres.; Geo. A. Walker, Vice-Pres.; W. H. Howard, Treas. ; B. W. Green, Sec.; Josiah Howard,
Aud., Emporium, Pa. GENERAL OFFICE, Emporium, Pa.
ERIE AND CENTRAL, NEW YORK RR.— Cortland to Cincinnatus, N. Y., 18.14 m. ;
total track (steel; 56 Ibs.), 20.14 miles. Gauge, 4 ft. 81 in. Chartered May 26, 1902, as suc-
cessor to the Erie and Central New York Ry. Co., whose property was sold under foreclosure on
March 29, 1902 (see MANUAL for 1901, page 175). The company uses 0.7 mile of the Lehigh Valley
RR., from Cortland Junction to Cortland, making a total of 18.84 miles operated. Locomotives, 3.
Cars — baggage, etc., 2; freight (flat), 6 — total, 8.
Operations, 9 months ending Dec. 31, 1902. — Trains run (passenger, 10,650 ; freight, 7,968 ;
other, 8,820), 27,438 miles. Passengers carried, 15,643; carried one mile, 226,476. Tons freight
moved, 13,999; ton-miles, 209,871. Earnings (passenger, $6,501; freight, $11,895; other,
$6,695), $25,091. Operating expenses, $34,099. Deficit, $9,008; less other receipts, $126; net
deficit, $8,882. Charges : Interest on bonds, $8,333 ; taxes, $514 — total, $8,847. Deficit for nine
months, $17,729.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $250,000; funded
debt (1st 5s of May 1, 1922), $250,000; current liabilities, $12,559; interest accrued, $8,333; ad-
vances by bondholders, $4,475 — total, $525,367. Contra : Cost of road and equipment, $500,000 ;
materials, etc., $2,446; cash and current assets, $5,192; profit and loss, $17,729 — total, $525,367.
Directors (elected Jan. 12, 1903). — W. W. Montgomery, Leonidas Dennis, S. J. O'Sullivan, W.
C. Schryver, G. T. Sinclair, Thos. J. McGuire, James P. Wright, Wm. H. Conroy, C. W. Young, New
York. N. Y. ; Chas. O. Scull, Baltimore, Md. ; W. D. Tisdale, Irving N. Palmer, L. N. Frederick,
Cortland, N. Y. OFFICERS : WM. M. MONTGOMERY, Pres., New York, N. Y. ; Lawrence N. Frederick,
Vice-Pres. & Gen. Mgr., Cortland, N. Y. ; S. J. O'Sullivan, Sec. & Treas., New York, N. Y. GENERAI
OFFICE, Cortland, N. Y. Transfer Office, 140 Broadway, New York, N. Y.
FONDA, JOHNSTOWN AND GLOVERSVILUE RR. (as constituted June 30, 1902).
— Fonda to Northville, N. Y., 26.17 ra. ; leased lines (Gloversville and Broadalbin RR., 6.2 m. ;
Cayadutta Electric RR., 14.5 m. ; Johnstown, Gloversville and Kingsboro' Horse RR., 4.23 m.),
24.93 m. — total operated, 51.10 miles. Sidings (owned, 5.22 m. ; leased, 0.4 m.) 5.62 miles.
Gauge, 4 ft. 81 in. Rail (steel — owned, 26.17 m. ; leased, 24.93 m.), 70 Ibs. Consol., Jan. 22, 1881,
of the F., J. & G. and the Gloversville and Northville RR. Cos. (see MANUAL for 1891, page 213).
The Johnstown, Gloversville and Kingsboro' Horse (electric) and the Cayadutta Electric RRs. were
leased to this company for 999 years, the former on Jan. 1, 1894, and the latter on May 1, 1894.
They are known as the " Electric Division " of this railroad. Their earnings and expenses are in-
cluded in this statement. The lessee assumed the $50,000 6 p. c. bonds of the Johnstown, Glovers-
ville and Kingsboro' Horse RR. Co., besides guaranteeing dividends at the rate of 8 p. c. per annum
on its capital stock. The lessee also guaranteed the principal and interest of the $350,000 Caya-
dutta Electric RR. Co. 6 p. c. bonds, paying to the lessor its net earnings after payment of guaranteed
interest charges. The company owned practically all of the capital stock and $200,000 1st consol.
mtge. refunding bonds of the C. E. RR. Co., and owned the entire capital stock, $105,000, of the Coal
Co. of Fulton County. The company also owned a majority of the capital stock of the Amsterdam
Street RR. Co. On Dec. 23, 1902, the Fonda. Johnstown and Gloversville RR. Co., the Cayadutta
Electric RR. Co., and the Amsterdam Street RR. Co. were consolidated under the name of the first.
A statement for the consolidated company will be published in a subsequent section of the MANUAL
If the company supplies the necessary data In time. Locomotives, 9. Cars — passenger (26 leased),
40; baggage, etc. (1 leased), 4; freight (flat), 10; caboose, 1; service (2 leased), 5 — total, 60.
POOR'S MANUAL OF RAILROADS. 177
Operations, year ending June 30, 1902. — Trains run (passenger, 378,060; freight, 23,760;
other, 8,200), 410,020 miles. Passengers carried, 1,406,160; carried one mile, 11,259,780. Tons
freight moved, 185,230; ton-miles, 1,833,799. Earnings (passenger, $176,591; freight, $163,954;
other, $12,196), $352,741. Operating expenses, $243,540. Net earnings, $109,201; other receipts,
$59,203 — total, $168,404. Payments: Interest on bonds, $50,500; other interest, $8,203; taxes,
$17,785; rentals (C. E. RR., $30,833; J. G. & K. H. RR., $7,100; G. & B. RR., $1,500), $39,433;
dividends (8 p. c.), $48,000 — total, $163,921. Surplus, $4,483; surplus forward, $253,486 — total,
$257,969.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $600,000; funded debt
(see below), $1,100,000; lo.ins and bills payable, $72,500; Interest and rentals accrued. $9,592;
audited vouchers and pay rolls, $73,412 ; open accounts, $150,272 ; profit and loss, $257,969 — total,
$2,263,746. Contra : Cost of road and equipment, $1,022,080 ; real estate, $176,548 ; securities
owned, $726,155 ; new construction, $114,152 ; special equipment, $55,689 ; cash and current
assets, $169,120 — total, $2,263,745.
Funded Debt.— Funded debt, June 30, 1902, consisted of $200,000 consol. 6s of April 1, 1921,
$500,000 ($700,000 auth.) 1st consol. 4Js of July 1, 1947, and $400,000 ($1,500,000 auth.) gen.
refunding gold 4s of July 1, 1950.
RAILKOAD LEASED BY P., J. & G. RR. Co,
Gloversvtlle and Broadalbin RR. —
Broadalbin June, to Broadalbin, N. Y., 6.2 miles.
Rail (steel), 60 Ibs. Gauge, 4 ft. 8i In.
Chartered April 17, 1895 ; road opened Nov. 15.
1895. Leased to the F., J. & G. RR. Co. for 999
years, from Aug. 1, 1895, at an annual rental of
$1, the lessee assuming all obligations and guar-
mtge. bonds described below.
Balance Sheet, June 30, 1902.— Capital stock
($100 shares), $60,000; funded debt (1st gold 6s of
Aug. 1, 1925), $30,000— total, representing cost,
$90,000.
J. H. Richardson, Pres. ; Frank Burton, Sec.
Office, Gloversville, N. Y.
anteeing principal and interest of the $30,000 1st
Directors, F., J. & G. RR. (elected Jan. 14, 1903. — J. Ledlie Hees, Fonda, N. Y. ; G. Levor,
Geo. M. Place, S. H. Shotwell, Erastus Darling, Z. B. Whitney, A. J. Zlmmer, Gloversville, N. Y. ;
R. T. McKeever, Houghton, Mich. ; Chauncey M. Depew, George F. Moore, New York, N. Y. ; John
G. Ferres, Jas. I. Younglove, James Stewart, Johnstown, N. Y. ; J. S. Friedman, Albany, N. Y. ;
Wm. Harris, Northville, N. Y. OFFICERS : J. LEDLIE HEES, Pres. & Gen. Mgr. ; Geo. M. Place, Sec.
& Treas. ; Lyman K. Brown, Aud., Gloversville, N. Y. GENERAL OFFICE, Gloversville, N. Y.
GENESEE AND WYOMING- RR.— Retsof, N. Y., to Pittsburgh and Lehigh Junction, 10.66
m. ; Retsof Junction to Greigsville, N. Y., 3.73 m. ; Retsof Yards to Retsof Mines, N. Y., 1.77 m. —
total, 16.16 m. ; total track (steel; 67 Ibs.), 18.01 miles. Gauge, 4 ft. 8J in. Chartered March 25,
1899, as successor to the Genesee and Wyoming Valley Ry. Co. (See MANUAL for 1899, page 223).
The road is projected to extend from Perry to Caledonia, N. Y., 20.71 miles. Locomotives, 3. Cars
(passenger), 2.
Operations, year ending June 30, 1902. — Trains run (passenger, 4,830; freight, 12,414;
mixed, 4,936), 22,180 miles. Passengers carried, 1,850; carried one mile, 14,310. Tons freight
moved, 347,714; ton-miles, 3,477,140. Earnings (passenger, $477; freight, $126,778; other,
$52), $127,307. Operating expenses, $56,256. Net earnings, $71,051. Payments: Interest on
bonds, $25,000; on floating debt, $1,340; taxes, $2,210; dividends (5 p. c.), $25,000 — total,
$53,550. Surplus, $17,501 ; deficit forward, $3,638 ; net surplus, $13,863.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $500,000; funded
debt (1st 5s of April 1, 1929), $500,000; current liabilities, $15,769; interest accrued, $6,250;
profit and loss, $13,863 — total, $1,035,882. Contra: Cost of road and equipment, $1,020,091; cash
and current assets, $15,791 — total, $1,035,882.
Directors (elected April 8, 1902). — Milo M. Belding, Mllo M. Belding, Jr., Wm. B. Putney, Ed-
monds Putney, New York, N. Y. ; J. N. Smith, Lynn, Mass. ; M. B. Fuller, E. L. Fuller, Scranton,
Pa.; H. D. Fuller, Bayonne, N. J. ; D. Hyman, Rochester, N. Y. ; Joy Morton, Chicago, 111. OFFI-
CERS : E. L. FULLER, Pres., Scranton, Pa. ; Milo M. Belding, Jr., Vice-Pres.; H. D. Fuller, Sec., New
York, N. Y. ; M. B. Fuller, Treas., Scranton, Pa.; David Hyman, Gen. Mgr.; H. C. Finch, Aud.,
Retsof, N. Y. GENERAL OFFICE, Retsof, N. Y. New York Office, 170 Broadway.
GEORGES CREEK AND CUMBERLAND RR. — June. W. Va. C. Ry., Cumberland to
New Detmold Mine, Lonaconing, Md., 21.42 m. ; Midland to Jackson Mine, 4.85 m. ; G. C. June, to
Pa. State Line, 4.56 m. ; Lonaconing to Koontz Mine, 0.91 m. ; City June, to June. B. & O. RR.,
0.85 m. — total, 32.59 m. ; total track (steel ; 67 and 70 Ibs.), 44.57 miles. Gauge, 4 ft. 9 in. Char-
tered Dec. 21, 1876 ; road opened May 31, 1881 ; consol. with Pa. RR. in Md., June 16, 1888.
Locomotives, 10. Cars — passenger, 4; freight (box, 2; flat, 5; coal, 1,093), 1,100; other, 3 —
total, 1,107.
Operations, year ending June 30, 1902.— Earnings (passenger, $10,267; freight, $318,775;
other, $54,921), $383,963. Operating expenses, $149,918. Net earnings, $234,045; other receipts,
$2,867 — total, $236,912. Deductions: First charges, $42,945; dividends (10 p. c.), $100,000 —
total, $142,945. Surplus, $93,967.
Financial Statement, June 30, 1902. — Capital stock ($50 shares), $1,000,000. Funded debt
outstanding ($536,000 1st 6s of Oct. 1, 1909, and $65,000 2d mtge. loan, due Feb. 1, 1908), $601,-
000. The 2d mortgage loan was assumed from the Pa. RR. in Md. and is not represented by bonds.
Directors (elected June 12, 1902). — Sidny Wintringham, James A. Alexander, John E. Knapp,
Charles L. F. Robinson, J. A. Millholland, Wm. De L. Walbridge, New York, N. Y. ; Joseph E. Gay,
Jaffrey, N. H. OFFICERS : JAMES A. MILLHOLLAND, Pres. <ۥ Gen. Mf/r., Cumberland, Md. ; Sidny
Wintringham, Vice-Pres.; Wm. De L. Walbridge, Treas. & Sec., New York, N. Y. GENERAI. OFFICE.
1 Broadway, New York, N. Y.
GLENFIELD AND WESTERN RR. — Glenfleld to Page, N. Y., 13.2 m. ; total track
(steel; 60 Ibs.), 13.7 miles. Gauge, 4 ft. 8i in. Chartered, Oct., 1901; road opened for freight
only, Sept. 1, 1902. The company is controlled by lumbering and paper manufacturing interests.
Locomotive, 1. Cars (flat), 6.
Operations, four months ending Dec. 31, 1902.— Trains run (freight), 2,379 miles. Tons freight
moved, 5,395; ton-miles, 70,135. Earnings (freight), $3,708. Operating expenses, $3,290. Net
earnings, $418.
General Balance Sheet, June 30, 1902.— Capital stock ($100 shares), $15,000; loans
and bills payable, $139,199; current liabilities, $14,263 — total, $168,462. Contra: Cost of
road and equipment, $152,628; materials, etc.. $2,983; cash on hand, $12,851 — total, $168,462.
Directors. — G. H. P. Gould, Harry P. Gould, Lyons Falls, N. Y. ; J. E. Haberer, Lowville,
178
POOR'S MANUAL OK RAILROADS MIDDLE ATLANTIC GROUP.
N. Y. : Charles W. Pratt, Boonvllle, N. Y. ; Charles H. Gi ifflng, Gloversville, N. Y. ; C. W. Camp-
bell. Dexter. N. Y. : C. E. Campbell. New York. N. Y. ; James A. Outterson, F. P. Wilder, M. S.
Wilder, Carthage. N. Y. OFFICERS : O. H. P. GOULD, Pres., Lyons Falls. N. Y. ; C. E. Campbell,
\ice-Pres., New York. N. Y. ; M. S. Wilder, Sec. d Treas., Carthage, N. Y. ; J. M. Himes, 8upt.,
Glenfleld, Lewis Co.. N. Y. GKNKRAL OFFICE, Carthage, N. Y.
GREENWICH AND JOHNSONVILLE BY. — Greenwich to Johnsonville. N. Y., 14.65
m. ; total track (steel; 56. 60 and 67 Ibs.). 16.15 miles. Gauge, 4 ft. 8J in. Reorganization, Sept.
6. 1879. of the G. & J. RR. Co. Locomotives. 3. Cars — passenger, 3 ; flat, 2 ; service, 2 — total, 7.
Operations, year ending June 30, 1902. — Trains run (passenger, 23,869; mixed, 13,702),
37,571 miles. Passengers carried, 35,934 ; carried one mile, 454,100. Tons freight moved, 56,751;
ton-miles, 801,224. Earnings (passenger, $13,434; freight, $34,061: other, $2,117), $49,612.
Operating expenses, $28,479. Net earnings, $21,133 ; other receipts, $808 — total, $21,941. Pay-
ments : Taxes, $1,363; dividends (5 p. c.), $7,500— total, $8,863. Surplus, $13,078; surplus for-
ward, $5,872 — total, $18,950.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $150,000; current
liabilities, $214,552; profit and loss, $18,950 — total, $383,502. ' Contra: Cost of road and equip-
ment, $147,753 ; construction of extension, $217,063 ; permanent improvement, $739 ; real estate,
$6,099 ; other investments, $620 ; materials, etc., $4,355 ; cash and current assets, $7,873 — total,
$383.502.
Directors.— I. C. Blandy. Horace Cottrell, Henry Gray, H. C. Gray, Le Roy Thompson, C. C. Van
Kirk. Greenwich, N. Y. ; G. F. Blandy, J. C. Carrington, C. P. Noyes, New York, N. Y. ; D. A.
Bullard, John A. Dix, A. W. Hitchcock, Schuylerville, N. Y. OFFICERS : I. C. BLANDY, Pres., Green-
wich, N. Y. ; G. F. Blandy, Vice-Pres. ; C. P. Noyes, Treas., New York, N. Y. ; D. A. Bullard, Sec.,
Schuylerville, N. Y. ; J. H. McDaniels, Gen. Su.pt., Greenwich, N. Y. GENERAL OFFICE, Green-
wich, N. Y.
HUDSON HIGHLAND BRIDGE AND BY. — Reorganization, March 5, 1896, of the
Hudson Susp. Bridge and New England Ry. The project is for a bridge over the Hudson River,
near Peeksklll, with connecting railroads at both ends, the whole to form a connecting link between
the great trunk lines and the railway system of New England. The charter calls for the comple-
tion of the work by July 4, 1905. (See MANUAL for 1899, page 223.) Amount expended on work
and connections, $700,000. Company is without debt or lien of any kind. Capital stock, $84,900.
Directors. — R. G. Hazard, Peace Dale, R. I. ; A. P. Boiler, G. F. Lawrie, H. Alexander, O. W.
Barnes, Frank Mann, H. R. Drowne, E. E. Biel, W. G. Whipp, New York, N. Y. ; Wm. G. Ladd, Henry
Martin, Wm. Ladd, James F. Pierce, Brooklyn, N. Y. OFFICERS : R. G. HAZARD, Pres., Peace Dale.
R. I. ; Wm. G. Ladd, Sec. d Treas., Brooklyn, N. Y. GENERAL OFFICE, 130 State Street, Brook-
lyn, N. Y.
HUNTERS BUN AND SLATE BELT BB.— Pine Grove Furnace to Slate Belt, Pa., 5.5
m. ; leased, Gettysburg and Harrisburg RR., Hunter's Run to Pine Grove Furnace, Pa., 8 m. — total,
13.5 m. ; total track (steel, 12.12 m.), 13.87 miles. Rail, 45 to 60 Ibs. Gauge, 4 ft. 8i in.
Chartered June 8, 1891, and leased from the G. & H. RR. Co., for 999 years, at $1 per annum, 8
miles of road, from Hunters Run to Pine Grove Furnace. (See MANUAL for 1892, page 915.) The
extension from Pine Grove Furnace to Slate Belt, built by the company, was opened June 15, 1892.
Locomotives, 2. Cars — passenger, 2 ; combination, 1 ; other, 4 — total, 7.
Operations, year ending June 30, 1902. — Trains run (mixed, 11,728; other, 1,122), 12,850
miles. Passengers carried, 11,971 ; carried one mile, 73,614. Tons freight moved, 55,016 ; ton-
miles, 213,682. Earnings (passenger, $1,509 ; freight, $12,588 ; other, $421), $14,518. Operating
expenses, $11,939. Net earnings, $2,579. Payments : Interest on debt, $655 ; taxes, $382 ;
rental, $1 — total, $1,038. Surplus, $1,541 ; deficit forward, $6,444 ; net deficit, $4,903.
General Balance Sheet, June 30, 1902. — Capital stock ($100,000 auth. ; $50 shares), $59,-
600 ; real estate mortgages, $4,500 ; current liabilities, $34,760 — total, $98,860. Contra : Cost of
road and equipment, $59,608 ; other investments, $3,343 ; materials, etc., $171 ; cash and current
assets., $30,835 ; profit and loss, $4,903 — total, $98,860.
Directors (elected Jan. 9, 1903). — J. C. Fuller, Pine Grove Furnace, Pa.; Jay Cooke, B. J.
Woodward. Jno. M. Butler, Charles D. Barney, J. Horace Harding, Philadelphia, Pa. ; W. H. Gib-
bons, Coatesville, Pa. OFFICERS : J. C. FULLER, Pres., Pine Grove Furnace, Pa. ; John M. Butler,
Sec. d Treas., Philadelphia, Pa. ; A. C. Givler, Gen. Supt., Pine Grove Furnace, Pa. GENERAL
OFFICE, Pine Grove Furnace, Pa.
IBONTON BB.— Coplay to Ironton, Pa., 5.5 m. ; Junction to Siegersville, 3.5 m. ; Egypt to
West Coplay. 0.75 m. — total, 9.75 m. ; total track (steel, 12.25 m.), 14.75 miles. Rail, 50 and 70
Ibs. Gauge, 4 ft. 8J in. Chartered March 4, 3859; opened in May, 1860. The company uses 0.25
mile of L. V. RR. tracks at Coplay and 1 mile of Thomas Iron Co. RR. tracks at Hokendauqua.
Locomotives, 4. Cars — combination, 1; freight (flat), 6; service, 1 — total, 8.
Operations, year ending June 30, 1902. — Trains run (passenger, 9,967; freight, 55,674),
65,641 miles. Passengers carried, 40,836 ; carried one mile, 163,344. Tons freight moved, 923,274 ;
ton-miles, 2,686,727. Earnings (passenger, $2,449; freight, $159.047; other, $417), $161,913.
Operating expenses, $69,548. Net earnings, $92,365 ; other receipts, $806 — total, $93,171. Pay-
ments: Taxes, $3,160; dividends (45 p. c.), $90,000 — total, $93,160. Surplus, $11; surplus for-
ward, $55,757 — total, $55,768.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $200,000; current
liabilities, $23,428 ; profit and- loss, $55,768 — total, $279,196. Contra : Cost of road and equip-
ment, $200,000 ; land, $675 ; cash and current assets, $78,521 — total, $279,196.
Directors (elected Oct. 13, 1902). —Samuel Thomas, Catasauqua, Pa.; B. F. Fackenthal, Jr.,
James W. Weaver, Fred R. Drake, Jos. S. Rodenbough, Easton, Pa. ; Wm. H. Hulick New York,
N. Y. OFFICERS : B. F. FACKENTHAL, JR., Pres., Easton, Pa. ; Wm. H. Hulick, Vice-Pres., New
York, N. Y. ; James W. Weaver, Sec., Treas. d Aud., Easton, Pa. GENERAL OFFICE, Easton, Pa.
JAMESTOWN, CHAUTAUQUA AND LAKE ERIE BY.— Mayville to Westfleld, N.
Y., 10.80 miles. Gauge, 4 ft. 8J in. Rail (steel), 70 Ibs. Organized Sept. 25, 1900, and acquired
control of the Jamestown and Cbautauqua Ry. Co. and of the Chautauqua Steamboat Co. The road
was put in operation about the end of July, 1902. Locomotives (1 leased), 2. Cars — passenger, 5;
baggage, etc., 1 ; service, 17 — total, 23.
Financial Statement, June 30, 1902. — Capital stock ($100 shares), $750,000; funded debt
(1st 4s of Jan. 1, 1951 ; $750,000 auth.), $733,000 — total stock and bonds, $1,483,000.
Directors (elected Oct. 7, 1902). — W. A. C. Ewen ( Chairman), S. R. Bertron, Richard S
Storrs, Murray W. Dodge, George J. Sontag, New York, N. Y. ; S. F. Nixon, Westfleld, N. Y. • Den-
POOR'S MANUAL OF RAILROADS. 179
man Blanchard, Livingston Gushing, Boston, Mass. ; G. Henry Whitcomb. Worcester, Mass. OF-
FICERS : F. L. CHASE, Pres., Jamestown, N. Y. ; Geo. J. Sontag, 1st Vice-Pres., New York, N. Y. ; 8.
F. Nixon, 2d Vice-Pres., Jamestown, N. Y. ; Richard S. Storrs, Sec. & Treas., New York, N. Y.
GENERAL OFFICE, Jamestown, N. Y. New York City Office, 40 Wall Street.
JAMESTOWN AND CHATJTAUQ,UA BY.— Jamestown, to Mayrille Junction, N. Y..
21.17 m. ; Mayville to Chautauqua, N. Y., 2.68 m. ; Clifton to Falconer, N. Y., 3.46 m. ; trackage
(Pa. RR.), Mayville Jc. to Mayville, 1.20 m. — total, 28.51 m. ; total track (steel; 60 Ibs.), 32.46
miles. Gauge, 4 ft. 8J In. Chartered Jan. 1, 1899, as successor to the Jamestown and Erie Ry. Co.,
whose property was sold under foreclosure, Nov. 1, 1898. Locomotives (leased, 1), 5. Cars — pas-
senger, 14 ; baggage, etc., 1 ; caboose and service, 2 — total, 17.
Operations, year ending June 30, 1902. — Trains run (passenger, 38,139; freight, 22,038;
other, 38,761), 98,938 miles. Passengers carried, 51,372; carried one mile, 805,512. Tons freight
moved, 103,306; ton-miles, 1,575,416. Earnings (passenger, $17,601; freight, $48,506; other,
$3,734), $69,841. Operating expenses, $52,795. Net earnings, $17,046. Paid: Taxes, $3,367.
Surplus, $13,679; surplus forward ($26,603; less overcharges returned, etc., $1,012), $25,591 —
total, $39,270.
General Balance Sheet, June 30, 1902. — Capital stock (common, $350,000; preferred,
$125,000), $475,000; funded debt (1st 5s of Nov. 15, 1998), $250,000; loans and bills payable,
$32,860; current liabilities, $8,244; profit and loss, $39,270 — total, $805,374. Contra: Cost of
road and equipment, $786,078 ; materials, etc., $3,194 ; cash and current assets, $16,102 — total,
$805,374.
Directors. — W. A. C. Ewen, S. R. Bertron, R. S. Storrs, L. C. Herckenrath, G. J. Sontag, Mur-
ray W. Dodge, New York, N. Y. ; F. L. Chase, Jamestown, N. Y. ; S. F. Nixon, Westfleld, N. J. ;
Denman Blanchard, Boston, Mass. OFFICERS : W. A C. EWEN, Pres., New York, N. Y. ; S. Fred
Nixon, Vice-Pres., Westfleld, N. Y. ; R. S. Storrs, Treas., New York, N. Y. ; R. J. Booty, Gen.
Supt.; O. W. Kelsey, Aud., Jamestown, N. Y. GENERAL OFFICE, Jamestown, N. Y.
JEROME PARK RY. — Jerome Park Station to Jerome Park, N. Y., 1.08 m. ; total track
(steel; 56 Ibs.), 1.66 miles. Gauge, 4 ft. 8J in. Chartered April 26, 1880; road opened May 31,
1880. Leased to the contractor building Jerome Park Reservoir, at a rental of $3,000 per annum.
Income Account, year ending June 30, 1902. — Earnings, $3,000. Charges : Interest on
bonds, $6,000 ; taxes, $960 ; sundries, $35 — total, $6,995. Deficit, $3,995 ; deficit forward, $42-
591 — total, $46,586.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $50,000; funded debt
(1st 6s of May 1, 1890), $100,000; interest due and accrued, $72,000; other liabilities, $119;
taxes due and accrued, $5,698 — total, $227,817. Contra: Cost of road and equipment, $172,454;
cash and current assets, $4,824 ; other assets, $3,953 ; profit and loss, $46,586 — total, $227,817.
Directors. — Oren Root, Jr., D. C. Moorehead, R. B. Frederick, Edward J. Wilson, L. H. Thrall,
W. D. Davies, New York, N. Y. ; Charles T. Esher, Jersey City, N. J. OFFICERS : OREN ROOT, Pres. :
D. C. Moorehead, Sec. & Treas., New York, N. Y. GENERAL OFFICE, 621 Broadway, New York, N. Y.
KANE AND ELK RR.— East Kane to McKinley, Pa., 6 m. ; McKinley to La Mont, Pa., 1.5
m. ; McKinley to Coon Run June., Pa., 1.5 m. ; McKinley to Salter, Pa., 1 m. — total, 10 miles.
Gauge, 3 ft. Rail (steel), 30 to 50 Ibs. Organized Sept. 4, 1895; road opened in 1896. Locomo-
tives, 2. Cars (freight, 28; other, 2), 30.
Operations, year ending June 30, 1902. — Tons freight moved, 21,629 ; ton-miles, 216,290.
Earnings (freight, $9,373 ; other, $303), $9,676. Operating expenses, $9,577. Net earnings, $99 ;
other income, $375 — total, $474.
General Balance Sheet, June 30, 1902. — Capital stock, $75,000 ; current liabilities, $17,-
931 ; profit and loss, $660 — total, $93,591. Contra : Cost of road and equipment, $88,509 ; cash
and current assets, $5,082 — total, $93,591.
Directors (elected Aug. 18, 1902). — W. A. James, H. J. James, Eben B. James, Kane, Pa. ; D.
M. James, Plymouth, Mass. ; D. W. James, J. C. James, Hinton, W. Va. OFFICERS : E. B. JAMES,
Pres., Kane, Pa.; D. W. James, Vice-Pres., Hinton, W. Va. ; H. J. James, Sec. & Treas.; C. E.
Robinson, Aud., Kane, Pa. GENERAL OFFICE, Kane, Pa.
KANONA AND PRATTSBTJRGH RY.— Kanona to Prattsburgh, N. Y., 11.44 m. ; total
track Csteel ; 56 Ibs.), 12 miles. Gauge, 4 ft. 8J in. Chartered April 14, 1897, as successor to the
K. & P. RR. Co. The company has a freight traffic agreement with the Erie RR. Co., under which
that company supplies cars for through business. Locomotive, 1. Cars — passenger, 1 ; baggage,
etc., 1; freight (box, 5; coal, 5; other, 1), 11 — total, 13.
Operations, year ending June 30, 1902. — Trains run (mixed), 22,536 miles. Passengers car-
ried, 11,026; carried one mile, 126,137. Tons freight moved, 12,370; ton-miles, 141,512. Earn-
ings (passenger, $4,486; freight, $9,580; other, $1,434), $15,500. Operating expenses, $14,684.
Net earnings, $816 ; other receipts, $600 — total, $1,416. Payments : Interest on bonds, $3,000 ;
taxes, $768 — total, $3,768. Deficit, $2,352. Surplus forward, $5,129. Net surplus, $2,777.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $120,000; funded
debt (1st 4s of April 1, 1937), $75,000; current liabilities, $1,589; profit and loss, $2,777 — total,
$199,366. Contra : Cost of road and equipment, $197,900 ; cash and current assets, $1,466 — total,
$199,366.
Directors. — Lewis V. F. Randolph, Wm. Carpender, John A. Young, Lysander M. Jones, James
F. McNamara, Rufus R. Groves, John J. Cahill, New York, N. Y. ; Isaac W. Fowler, Prattsburgh,
N. Y. ; Wm. H. Nichols, Bath, N. Y. OFFICERS : BRAYTON IVES, Pres., New York, N. Y. ; I. W.
Fowler, Vice-Pres., Prattsburgh, N. Y. ; Ben;). Strong, Jr., Sec. & Treas., New York, N. Y. ; E. C.
Brandenburg, Supt., Prattsburgh, N. Y. GENERAL OFFICE, Prattsburgh, N. Y.
KEATING AND SMETHPORT RR.— Penna. RR. track to McKean's Mill, Pa., 0.6 mile.
Organized Aug. 21, 1899. Company owns 1 locomotive.
Operations, year ending June 30, 1902. — Earnings (freight), $1,636. Operating expenses,
$1,662. Deficit from operations, $26.
General Balance Sheet, June 30, 1902. — Capital stock, $10,000 ; current liabilities, $310 —
total, $10,310. Contra : Cost of road, $10,000 ; profit and loss, $310 — total, $10,310.
Directors. — Robert Osgood, Salem, Mass.; Z. U. Weisz, East Smethport, Pa.; F. D. Gallup,
W. D. Gallup, Smethport, Pa. ; C. A. Backer, Melrose, Mass. OFFICERS : C. A. BACKER, Pres., Mel-
rose, Mass. ; Z. U. Weisz, Sec., Treas. & Aud., East Smethport, Pa. GENERAL OFFICE, Smethport, Pa.
KEESEVILLE, AT7SABLE CHASM AND LAKE CHAMPLAIN RR.— Port Kent to
Keeseville, N. Y., 5.64 m. ; total track (steel; 60 Ibs.), 6.07 miles. Gauge, 4 ft. 8} In. Chartered
180 POOR'S MANUAL Or RAILROADS — MIDDLE ATLANTIC GROIT.
April 2. 1889; road opened May 26. 1890. Locomotive. 1. Cars — passenger, 3; service, 2 —
total. 5.
Operations. >t:ir ending June 30, 1902. — Trains run (passenger, 5,960; freight, 17,883),
23.843 miles. Passengers carried, 33.029; carried one mile, 156,227. Tons freight moved, 31.830:
ton-miles. 143.330. Earnings (passenger. $9,521; freight. $9,386), $18,907. Operating expenses,
$13.454. Net earnings, $5.453 ; other receipts, $1,331 — total, $6,784. Payments : Interest on
bonds, $1.800; taxes, $276 — total. $2,076. Surplus, $4,708; surplus forward, $12,840 — total,
17,548. Deductions during the year, $516. Net surplus June 30, Itf02, $17,032.
General Balance Sheet, June 30, 1902.— Capital stock ($60,000 auth. ; $10 shares), $30,-
710; funded debt (1st Cs of Dec. 1, 1909), $30,000; current liabilities, $2,185; interest accrued,
$150; profit and loss, $17,032 — total, $80,077. Contra: Cost of road and equipment, $72,054;
materials, etc., $194 ; cash and current assets, $6,292 ; other assets, $1,537 — total, $80,077.
Directors (elected April 1, 1903). — Edmund K. Romeyn, Geo. N. Kingsland, Charles M. Hop-
kins, Conant S. Taylor, Adelbert W. Boynton, Edmund K. Baber, Henry M. Mould, Chas. H. Pres-
cott, Michael J. Callanan, Albert W. Shields, Frank H. Hopkins. H. M. Prime, M. McOuire, Keese-
ville, N. Y. OFFICERS : EDMUND K. BABER. Pres.; C. H. Prescott, Vice-Pres.; Chas. M. Hopkins,
Treos.j Adelbert W. Boynton, Sec.; Geo. N. Kingsland, Gen. Myr.t Keeseville, N. Y. GENERAL OF-
FICE, Keeseville, N. Y.
KETNEB AND KAY FORK RB.— Ketner Junction to Hall and Kane Junction, Pa., 8 m. ;
Middle Fork Junction to Middle Fork, 1 m. — total, 9 miles. Gauge, 4 ft. 8J in. Rail (steel), 63 Ibs.
Chartered July 18. 1901 ; road opened, 1902. Locomotive, 1.
Operations, period ending June 30, 1902. — Trains run (mixed), 5,200 miles. Tons freight
moved. 11,249. Earnings (freight), $5,062. Operating expenses, $6,212. Deficit from operations.
$1,150.
General Balance Sheet, June 30, 1902. — Capital stock ($80,000 auth.; $100 shares), $30,-
000; funded debt ( 1st 6s of Sept. 1, 1921 ; $30,000 auth.), $22,000 ; interest accrued, $ 140 ; cur-
rent liabilities, $1,87-9 — total, $54,319. Contra: Cost of road and equipment, $52,231; cash and
current assets. $1,038 ; profit and loss, $1,050 — total, $54,319.
Directors. — John G. Whitmore, Ridgway, Pa. ; M. II. Eisman, C. F. Wright, A. H. Falkenburg,
H. C. Miller, C. W. Glidden, Martin Hersch, Charles Sabin, Susquehanna, Pa. OFFICERS : F. E.
CLAWSEN, Pres., Glen Hazel, Pa. ; M. H. Eisman, Vice-Pres. ; C. F. Wright, Treas., Susquehanna,
Pa. ; John G. Whitmore, Sec., Ridgway, Pa. GENERAL OFFICE, Glen Hazel, Pa.
KINZUA AND TIONA BB. — Dewdrop to Stewart, Pa., 9 m. ; total track (steel; 45 Ibs.),
12 miles. Gauge, 4 ft. 9 in. Chartered June 21, 1897; road opened same year. Locomotives, 3.
Freight cars (box, 2 ; stock, 4 ; flat, 1 ; logging, 15), 22.
Operations, year ending June 30, 1902. — Trains run (freight), 4,511 miles. Tons freight
moved, 39,052 ; ton-miles, 110,517. Earnings ( freight, $9,397 ; other, $3,000), $12,397. Operating
expenses, $12,303 ; taxes, $196 — total, $12,499. Deficit, $102.
General Balance Sheet, June 30, 1902. — Capital stock ($80,000 auth.; $100 shares), $55,-
000. Contra : Cost of road and equipment, $54,009 ; cash and current assets, $897 ; profit and
loss, $94 — total, $55,000.
Directors (elected Dec. 26, 1902). — H. A. Jamieson, W. I. Bartholomew, Warren, Pa.; Jno.
W. Campbell, F. W. Reese, Kane, Pa. ; G. W. Campbell, E. W. Campbell, Dewdrop, Pa. ; H. G. Bax-
ter, Clarendon, Pa. OFFICERS : JOHN W. CAMPBELL, Pres., Kane, Pa. ; G. W. Campbell, Vice-Pres. ;
E. W. Campbell, Sec., Treas. & Qen. Supt., Dewdrop, Pa. GENERAL OFFICE, Dewdrop, Pa.
KISHACOaUILLAS VALLEY BB.— Reedsville to Belleville. Pa., 9.2 m. ; trackage
(Penn. RR.), Kishacoquillas June, to Reedsville, Pa., 0.30 m. — total, 9.5 m. ; total track (steel;
60 Ibs.), 10.3 miles. Gauge, 4 ft. 8J in. Chartered June 14, 1892; road opened June 20, 1893.
Locomotives, 2. Cars — passenger, 2; freight (flat), 2; other, 2 — total, 6.
Operations, year ending June 30, 1902. — Trains run (mixed), 20,000 miles. Passengers car-
ried, 25,889 ; carried one mile, 191,388. Tons freight moved, 12,814 ; ton-miles, 102,512. Earn-
ings (passenger, $4,743; freight, $5,324; other, $646), $10,713. Operating expenses, $9,525. Net
earnings, $1,188. Paid taxes, $224. Surplus, $964 ; surplus forward, $12,017 ; additions during
year, $924 — total, $13,905.
General Balance Sheet, June 30, 1902. — Capital stock ($100,000 auth.; $25 shares), $91,-
925 ; current liabilities, $2,987 ; profit and loss, $13,905 — total, $108,817. Contra : Cost of road
and equipment, $94,306; investments, $3,500; materials, etc., $1,000; balance due on stock,
$2,399 ; lands owned, $7,612 — total, $108,817.
Directors (elected June 8, 1902). — W. J. Hayes, J. H. Peachey, Solomon Z. Hartzler, J. P.
Getter, Wm. B. Maclay, Wm. J. McNabb. S. Watts, John Watts, J. M. Campbell, Belleville, Pa.
OFFICERS : W. J. HAYES, Pres. ; J. M. Campbell, Vice-Pres. ; Mrs. Clare W. Getter, Treas. ; Wm.
B. Maclay, Sec.; J. P. Getter, Gen. Mgr.; Wm. M. Gibboney, Aud., Belleville, Pa. GENERAL
OFFICE, Belleville, Pa.
LAKE CHAMPLAIN AND MOBIAH BB.— Port Henry to Mineville, N. Y., 7.66 m. ;
total track (steel; 60 to 70 Ibs.), 14.92 miles. Gauge, 4 ft. 8J in. Organized Dec. 4, 1867; road
opened in 1869. Operated chiefly in connection with the iron mines at Mineville. Locomotives, 6.
Cars — passenger, 3 ; freight ( flat, 7 ; ore, 247), 254 ; service, 2 — total, 259.
Operations, year ending June 30, 1902. — Trains run ( freight, 30,000 ; mixed, 22,848 ; other.
1,052), 53,900 miles. Passengers carried, 3,501; carried one mile, 24,507. Tons freight moved,
315,187; ton-miles, 2,206,309. Earnings (passenger, $728; freight, $60,290), $61,018. Operating
expenses, $46,345. Net earnings, $14,673 ; other receipts, $494 — total, $15,167. Paid : Taxes,
$2,695. Surplus, $12,472 ; surplus forward, $4,323 — total, $16,795.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $200,000; open ac-
counts, $8,764 ; profit and loss, $16,795 — total, $225,559. Contra : Cost of road and equipment,
$185.200; materials, etc., $23,564; cash and current assets, $16,795 — total, $225,559.
Directors (elected Oct. 14, 1902). — Frank S. Witherbee, W. T. Foote, Jr., Port Henry, N. Y. ;
Albert E. Tower, Pougbkeepsie, N. Y. ; H. N. Brinsmade, I. Townsend Burden, Moses Taylor, New
York, N. Y. OFFICERS : W. T. FOOTE, JR., Pres., Port Henry, N. Y. ; Moses Taylor, Vice-Pres. :
L. W. Frances, 2d Vice-Pres.; H. N. Brinsmade, flfec., New York, N. Y. : Albert E. Tower, Treas. &
Gen. Ugr., Poughkeepsie, N. Y. GENERAL OFFICE, Poughkeepsie, N. Y.
LANCASTER OXFOBD AND SOTJTHEBN BB. — Oxford to Susquehanna, Pa., 20 m. ;
total track (steel, 12 m.), 20.9 miles. Rail, 30 and 60 Ibs. Gauge, 3 ft. Reorganization, Sept. 3,
1890, of the Peach Bottom RR. Locomotives, 2. Cars — passenger, 3 ; freight, 21 — total, 24.
POOR'S MANUAL OF RAILROADS.
181
Operations, year ending Juno 30, 1902.— Passengers carried, 13,785 ; tons freight moved,
11,605. Earnings (passenger, $5,550; freight, $8,890; other, $314), $14,754. Operating expenses,
$14,569. Net earnings, $185. Deductions, $42. Surplus, $143.
General Balance Sheet, June 30, 1902. — Capital stock ($500,000 auth. ; $50 shares), $119,-
686 ; current liabilities, $3,340 — total, $123,026. Contra : Cost of road, etc., $119,686 ; cash and
current assets, $1,117 ; profit and loss, $2,223 — total, $123,026.
Directors (elected May, 1902). — Walter M. Franklin, J. W. B. Bausman, Jacob B. Long, Lan-
caster, Pa. ; J. E. Ramsey, J. M. Showalter, A. M. Nevin, D. M. Taylor, Oxford, Pa. OFFICERS :
WALTER M. FRANKLIN, Pres.; J. W. B. Bausman, Sec. & Treas. ; J. B. Long, And., Lancaster, Pa.;
A. M. Nevin, Gen. Mgr., Oxford, Pa. GENERAL OFFICE, Oxford, Pa.
LEETONIA RR. — Tiadaghton to Leetonia, Pa., 8.26 m. ; Junction to Four Mile Run, 10.75
m. — total, 19.01 m. ; total track (steel; 40, 60 and 76 IDS.), 20.77 miles. Gauge, 4 ft. 8i in.
Organized March 7, 1899 ; road opened July 1, 1899. On June 30, 1902, the company owned 3 loco-
motives and 3 flat cars ; since then 22 additional flat cars have been purchased.
Operations, year ending June 30, 1902. — Trains run (freight), 11,019 miles. Tons freight
moved, 40,303; ton-miles, 418,915. Earnings (freight), $19,421; other receipts, $100 — total,
$19,521. Operating expenses," $21,947; taxes, $329 — total, $22,276. Deficit, $2,755; deficit for-
ward, $5,371 — total, $8,126.
General Balance Sheet, June 30, 1902. — Capital stock ($100,000 auth. ; $100 shares), $64,-
500; current liabilities, $90,800 — total, $155,300. Contra: Cost of road and equipment, $86,501;
Tiadaghton and Fahnestalk property, $54,626 ; materials, etc., $1,253 ; cash and current assets,
$4,794 ; profit and loss, $8,126 — total, $155,300.
Directors (elected Jan. 13, 1903).- — C. S. Horton, A. E. Botchford, A. T. Thompson, F. E. Brad-
ley, Williamsport, Pa. ; J. Harrison, E. G. Schieffelin, Wellsboro, Pa. ; A. R. Spicer, Hoytville, Pa. ;
L. R. Horton, Blossburg, Pa. ; M. F. Hammond, New York, N. Y. OFFICERS : C. B. FARR, Pres. &
Gen. Mgr. ; C. S. Horton, Vice-Pres. ; F. E. Bradley, Treas. ; A. E. Botchford, Sec. ; Geo. C. Darling,
Aud., Williamsport, Pa. GENERAL OFFICE, Williamsport, Pa.
LEHIGH AND NEW ENGLAND RR.— Slatington, Pa., to Hainesburgh June., N. J.,
34.42 m. ; Swartswood June., N. J., to Liberty Corners, N. Y., 21.20 m. ; Howerton June, to Hower-
ton, Pa., 0.80 m. ; East Bangor June, to East Bangor, Pa., 4 m. ; Bangor June, to Winsboroughtown,
Pa., 1.80 m. ; Wind Gap to Northampton June., Pa., 9 m. ; Campbell Hall Connecting RR. (see ap-
pended statement), 3.78 m. ; Pochuck RR. (see appended statement), 4.30 m. — total, 79.30 miles.
Trackage : N. Y., S. & W. RR. ; Hainesburgh June, to Swartswood, N. J., 18.63 m. ; Erie RR., Pine
Island to Campbell Hall, N. Y., 16.79 m. — total, 35.42 miles. Total operated, 114.72 miles. Sid-
ings owned, 11.82 miles. Gauge, 4 ft. 8£ in. Rail (steel, 79.30 m.), 54 to 70 Ibs. Organized April
2, 1895, as successor to the Pennsylvania, Poughkeepsie and Boston RR. Co., whose property was
sold under foreclosure Dec. 14, 1894. (See MANUAL for 1898, page 74.) Locomotives, 7. Cars —
baggage, etc., 2 ; freight (flat), 20 — total, 22.
Operations, year ending June 30, 1902. — Trains run (mixed), 136,990 miles. Earnings (pas-
senger, $8,341; freight, $110,071; other, $6,272), $124,684. Operating expenses, $92,252. Net
earnings, $32,432. Payments : Interest on bonds, $37,750 ; taxes, $1,505 ; other charges, $7,923—
total, $47,178. Deficit. $14,746 ; deficit forward, $57,822 ; total, $72,568.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $750,000; funded debt
($731,000 1st gold 5s of July 1, 1945, and $20,000 equipment trust notes), $751,000; current lia-
bilities, $262,493 — total, $1,763,493. Contra: Cost of road and equipment, $1,640,075; securities
owned, $1 ; materials, etc., $5,496 ; cash and current assets, $45,353 ; profit and loss, $72,568 —
total, $1,763,493.
RAILROADS OPERATED BY THE L. & N. E. RR. Co.
Campbell Hall Connecting RR. — Pine
Island, N. Y., to New Jersey State Line, 3.78 m. ;
total track, 4.11 miles. Rail (steel, 3.78 m.), 54
and 60 Ibs.
Chartered April 3, 1889. Controlled and
operated by the Lehigh and New England RR. Co.
Balance Sheet, June 30, 1902. — Capital stock
paid in ($500,000 auth.; $50 shares), $125,000;
funded debt (1st 5s of Aug. 1, 1939), $125,000 —
total, representing cost of road, $250,000.
All of the bonds and a majority of the capital
stock are owned by the Lehigh and New England
RR. Co.
J. C. Stanton, Pres.; D. J. McNeil, Sec. &
Treas., New York, N. Y. Offices, 929 Chestnut
St., Philadelphia, Pa., and Goshen, N. Y.
Pocnuclt RR. — Campbell Hall Connecting
RR. between Wilcox and Liberty Corners, N. Y.,
4.3 miles. Rail (steel), 6d Ibs.
Chartered April 23, 1897; road opened July 1,
1897. Operated by the Lehigh and New England
RR. Co., which owns the entire capital stock,
$20,000.
William Jay Turner, Pres. ; John W. Moffly,
Treas. ; J. R. Sagee, Sec., Philadelphia, Pa.
Office, 929 Chestnut St., Philadelphia, Pa.
Directors (L. & N. E. RR. Co.). — Wm. Jay Turner, Wm. B. Scott, W. W. Gibbs, Morris Pfael-
zer, John W. Moffly, W. W. Kurtz, Philadelphia, Pa. ; Geo. W. Jackson, Atlantic City, N. J. OFFI-
CERS : WILLIAM J. TURNER, Pres.; Wm. B. Scott, Vice-Pres.; Joseph R. Sagee, Sec.,- Philadelphia,
Pa. ; F. S. Fowler, Treas. & Aud. ; J. R. Whitney, Gen. Mgr., Pen Argyl, Pa. GENERAL OFFICE, 929
Chestnut St., Philadelphia, Pa.
LEWISBTJRG AND BUFFALO VALLEY RR.— Lewisburg to Kulps, Pa., 15 miles.
Organized May 10, 1897 ; constructed, as above, during the same year. Operated under a lease by
Monroe H. Kulp & Co., incorporated. Owns 3 locomotives and 40 freight cars.
Income Account, year ending June 30, 1902. — Total receipts, $1,200. Paid dividend (4 p. c.),
$1,200.
General Balance Sheet, June 30, 1902. — Capital stock, $30,000; funded debt (particulars
not furnished), $18,500 — total, $48,500. Contra: Cost of road, $20,000 ; equipment, $10,000 ; cash
and current assets, $18,500 — total, $48,500.
Directors (elected Jan., 1903). — Monroe H. Kulp, G. Gilbert Kulp, D. C. Kaseman, H. W.
Shuman, W. -J. Wicst, Shamokin, Pa. ; M. S. Leisenring, Upper Lehigh, Pa. OFFICERS : MONROE H.
KULP, Pres.; G. Gilbert Kulp, Vice-Pres.; D. C. Kaseman, Sec. & Treas., Shamokin, Pa. GENERAL
OFFICE, Shamokin, Pa.
LITTLE FALLS AND DOLGEVILLE RR.— Little Falls to Dolgevllle, N. Y., 10.32 m. ;
total track (steel; 60 Ibs.), 11.32 miles. Gauge, 4 ft. 8* in. Chartered Dec. 28, 1902; successor,
after foreclosure, to a company of the same name (see M'ANUAL for 1902, page 179). Locomotives,
2. Cars — passenger, 3; baggage, etc., 1; freight (box, 2; flat, 4), 6 — total, 10.
182
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Operation* (old company), year ending June 30. 1902. — Trains run (mixed), 25.455 miles.
Passengers carried 25 455 ; carried one mile, 258,881. Tons freight moved, 24,016 ; ton-miles,
247,845. Earnings (passenger. $9.318; freight, $29,380; other, $1,243), $39.947. Operating
expense*. $27.037. Net earnings, $12.910; other receipts, $324 — total, $13,324. Paid taxes,
$2,118. Surplus, $11,116.
Financial Statement, Jan. 1. 1903. — Capital stock ($100 shares), $250,000; funded debt
(1st mtge. 3s of July 1, 1932), $250,000 — total, $500,000, representing cost of road and equip-
ment.
Directors.— Dumont Clarke. F. H. Collins, E. R. Wanckel, S. R. Ingham, New York, N. Y. ;
Titus Sheard. J. J. Gilbert, J. S. Barnett. George D. Smith, A. M. Mills, Little Falls, N. Y. ;
George W. Ward, Theo. H. Roth, B. II. White, Dolgeville, N. Y. OFFICERS : DUMONT CLARKE,
Pret., New York, N. Y. ; Titus Sheard, Vice-Pres., Little Falls, N. Y. ; E. R. Wanckel, Sec. <&
Treat., New York, N. Y. GENERAL OFFICE, Dolgeville, N. Y.
LIGONIEB VAJLLEY BB. — Latrobe to Ligonier, Pa., 11 m. ; total track (steel; 56. 70,
and 85 Ibs.), 17.14 miles. Gauge, 4 ft 8} in. Chartered as Latrobe and Ligonier RR. Co., April 15,
1853 ; supplementary charter, May 2, 1871. Name changed and road opened Nov. 17, 1877. Loco-
motives, 3. Cars — passenger, 8; baggage, etc., 1 ; freight (box, 2 ; Cat and coal. 8). 10 — total, 19.
Operations, year ending June 30, 1902. — Trains run (passenger, 24,599; freight, 12.940),
37,539 milet.. Earnings (passenger, $35,173 ; freight, $44,612 ; other, $2,609), $82,394. Operat-
ing expenses, $56,259. Net earnings, $26,135: Payments: Interest on bonds, $3,750; taxes,
$1,229; dividends (6 p. c.), $9,600 — total, $14,579. Surplus, $11,556 ; surplus forward, $65,274 —
total. $76,830.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $160,000; funded debt
(1st 5s of April 1, 1907), $75,000; profit and loss, $76,830 — total, $311,830. Contra: Cost of
road and equipment, $286,750; cash, $25,080 — total, $311,830.
Directors. — T. A. Mellon, James R. Mellon, A. W. Mellon, R. B. Mellon, E. P. Mellon, Thomas
Mellon, W. S. Mitchell, Pittsburgh, Pa. ; Geo. Senft, Ligonier, Pa. OFFICERS: J. R. MELLON, Pres. ;
A. W. Mellon, Sec.; R. B. Mellon. Treas., Pittsburgh, Pa.; Geo. Senft, Gen. Mgr., Ligonier, Pa.
GENERAL OFFICE, 514 Smithfield Street, Pittsburgh, Pa
MANAHAWKIN AND LONG BEACH TBANSPOBTATION CO. -Chartered Dec. 30,
1893. Leases the Barnegat RR. (see appended statement). Locomotives, 2. Cars (passenger, 1;
baggage, etc., 1 ; freight flats, 2), 4. Capital stock, $8,900 ; no bonds.
Operations, year ending June 30, 1902. — Earnings (passenger, $3,550; freight, $2,862; other
$996), $7,408. Operating expenses, $7,408; taxes, $9; rentals, $350 — total, $7,767. Deficit, $359"
deficit forward, $1,465 — total, $1,824.
RAILROAD LEASED BY THE M. & L. B. T. Co.
total, $50,158. Contra : Cost of road, etc., $50,000 ;
cash, $158 — total, $50,158.
W. J. Sewell, Pres., Camden, N. J. ; F. W.
Schwarz, Sec. ; John M. Wood, Treas., Philadel-
phia, Pa. Office, Broad Street Station, Philadel-
phia, Pa.
lliimegrnt RR. — Barnegat City June, to
Barnegat City, N. J., 8.71 miles. Gauge, 4 ft. 8*
in. Operated by the M. & L. B. T. Co., under a
lease dated March 14, 1894, and renewable from
year to year, at a rental of $100 a year. (See
Manual for 1895, page 1388.)
Capital stock, $50,000; profit and loss, $158 —
Directors (M. & L. B. T. Co.). — B. F. Archer, Camden, N. J. ; Francis Fenimore, Harvey
Cedars, N. J. ; F. B. Abercrombie, Jersey City, N. J. ; Thomas Calahan, H. C. Loudenslager,
John Roberts, J. Martin Rommel, Wm. H. Sayen, Philadelphia, Pa. OFFICERS : WM. H. SAYEN,
Pres., Philadelphia, Pa.; B. F. Archer, Vice-Pres., Camden, N. J. ; J. V. Jones, Supt.; J. Martin
Rommel, Sec.; Clarence E. Moore, Treas., Philadelphia, Pa. GENERAL OFFICE, 1414 Penn Square
Philadelphia, Pa.
MARINE BY. — Manhattan Beach Hotel to Brighton Beach, Coney Island, N. Y., 0.444 m. ;
sidings, 0.038 mile. Gauge, 4 ft. 8J in. Rail (steel), 62i Ibs. Chartered Feb. 27, 1878; road
opened July 19, 1878. Locomotive, 1. Cars (passenger), 4.
Operations, year, ending June 30, 1902. — Passengers carried, 162,885. Earnings (passenger),
$8,132. Operating expenses, $7,194 ; taxes, $18 — total, $7,212. Surplus, $920 ; deficit forward.
$69,950 ; net deficit, $69.030.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $50,000; taxes ac-
crued, $25 ; open accounts, $32,989 — total, $83,014. Contra : Cost of road and equipment, $11,472 •
cash and current assets, $2,512 ; profit and loss, $69,030 — total, $83,014.
Directors. — Austin Corbin, Geo. S. Edgell, J. K. O. Sherwood, W. G. Bosworth, New York,
N. Y. ; M. A. Smith, W. J. Kelly, Brooklyn, N. Y. ; D. S. Voorhees, Woodbridge, N. J. OFFICERS :
GEO. S. EDGELI., Pres.; Austin Corbin, Vice-Pres.; W. G. Bosworth, Treas.; D. S Voorhees Sec
New York, N. Y. GENERAL OFFICE, 192 Broadway, New York, N. Y.
MABYLA.ND AND PENNSYLVANIA BB,— Baltimore to York, Pa., 80 m, ; Delta to
Peach Bottom, Pa., 4 m. ; Dallastown June, to Dallastown, Pa., 1.2 m. — total, 85.2 m. ; total track
(steel ; 56 and 70 Ibs.), 91.31 miles. Gauge, 4 ft. 81 in. Consolidation, Feb. 14, 1901, of the Balti-
more and Lehlgh Ry. Co. (see MANUAL for 1900, page 187) and the York Southern RR. Co. (see
MANUAL for 1900, page 212). Locomotives, 11. Cars — passenger, 21; baggage, mail and express
5; freight (box 86; stock, 4; flat, 11; coal, 15). 116; service, 6 — total, 148.
Operations, year ending June 30, 1902. — Trains run (passenger, 237,672; freight 56986;
other, 56,716), 351,374 miles. Passengers carried, 275,023; carried one mile 4024746 Tons
freight moved, 201,399 ; ton-miles, 3,036,868. Earnings (passenger, $114,336 ; freight $135893-
other, $17,123), $267,352. Operating expenses, $181,705. Net earnings, $85,647. Payments: In-
terest on bonds, $70,498; taxes, $6,492 — total. $76,990. Surplus, $8,657; surplus forward ($17-
379; less deductions during year, $5,540), $11,839 — total, $20,496.
General Balance Sheet, June 30, 1902. — Capital stock ($3,600,000 auth. ; $100 shares)
$1,602,500; funded debt (see below), $1,699,950: current liabilities, $90,320; interest accrued
$18,614 ; profit and loss, $20,497 — total, $3,431,881. Contra: Cost of road and equipment, $3,388 -
918 ; materials, etc., $12,465 ; cash and current assets, $30,498 — total, $3,431,881.
Funded Debt outstanding, June 30, 1902, consisted of $249,950 ($47,500 series A, and $202 -
450 series B) York and Peach Bottom Ry. 5s of April 1, 1932 ; $550,000 1st gold 4s of Marcn i
1951. and $900,000 cumulative income 4s of April 1, 1951. The authorized issue of the 1st mtge'
4 p. c. bonds is $1,200,000 (reduced from $2,700,000 on Jan. 28, 1902), bonds amounting to $250-
POOR'S MANUAL OF RAILROADS. 183
000 being reserved for the retirement, at or before maturity, of the two series of York and Peach
Bottom Ry. bonds, and the balance for future needs of the company. The company reserves the
right to redeem the 1st mtge. bonds at 105 and interest, and the income bonds at par and interest.
Directors (elected Jan. 27, 1903). — J. Wilson Brown, W. W. Spence, W. B. Brooks, Jr., George
C. Jenkins, Sol. Frank, Henry E. Young, John K. Cowen, J. W. Hall, Baltimore, Md. ; Howard E.
Young, Hanover, Pa. ; H. C. Niles, York, Pa. OFFICERS: J. WILSON BROWN, Pres.; W. B. Brooks,
Jr., Vice-Pres. ; John McHenry, Sec. & Treas. ; T. H. Fitchett, Asst. Treas. ; Austin McLanahan,
Asst. Sec.; J. K. Shinn, Auditor, Baltimore, Md. GENERAL OFFICE, Baltimore, Md.
MASSENA TERMINAL KB. — Massena Springs, N. Y., to Power House of the St. Law-
rence River Power Co., 2 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Chartered April 30, 1900 ;
road built same year. Cars from connecting roads are run over this line at irregular intervals, but
the company derives no revenue therefrom. The road will be regularly opened for business when the
power plant of the St. Lawrence River Power Co. is in operation. Capital stock ($100 shares),
$250,000; funded debt (1st 5s of May 1, 1930, int. M. & N.), $150,000 — total stock and bonds,
$400 000. Trustee of bonds : Standard Trust Co., New York, N. Y.
Directors. — T. H. Gillespie, T. A. Gillespie, Mark T. Cox, Edgar Park, W. J. Wilson, S. E.
Potter, H. P. Davison, Robert A. Johnston, W. B. Wreaks, New York, N. Y. OFFICERS : MARK T.
Cox, Pres. ; Edgar Parr, Vice-Pres. ; Henry P. Davison, 2d Vice-Pres. ; W. J. Wilson, Sec. & Treas.,
New York, N. Y. GENERAL OFFICE, Massena, N. Y.
MEDIX RUN RR. — Medix Run to Huntley's Camp, Pa. 8 m. ; spur, 0.5 m. — total, 8.5 m. ;
total track (steel; 40 Ibs.), 9.5 miles. Gauge, 4 ft. 8 in. Chartered Feb. 7, 1895; road opened in
Sept., 1893. (See MANUAL for 1899, page 229.) Locomotives, 2. Cars (flat, 4; logging, 20), 24.
Operations, year ending June 30, 1902. — Earnings (freight), $1,380. Operating expenses,
$1,893. Deficit, $513.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($80,000 auth. ; $50 shares),
$70,200; current liabilities, $12,184 — total, $82,384. Contra: Cost of road, $54,247 ; equipment,
$12,058 ; materials, etc., $30 ; profit and loss, $16,049 — total, $82,384.
Directors. — Geo. E. Dodge, New York, N. Y. ; J. H. Price, J. S. Purdy, Medix Run, Pa. ; Isaac
S. Case, N. S. Brittain, Geo. H. Rhoads, Tobyhauna, Pa. ; G. W. Huntley, Driftwood, Pa. OFFICERS :
GEO. E. DODGE, Pres.; Wm. J. Hunt, Sec., New York, N. Y. ; J. H. Price, Treas. & Gen. Supt.; J. S.
Purdy, Aiid., Medix Run, Pa. GENERAL OFFICE, Medix Run, Pa.
MERCER VALLEY RR.— Hickory Township, Mercer Co., Pa., to connection with Erie and
Pittsburgh RR., 6 m. ; total track, 24 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs. Chartered
Jan. 3, 1900. Operated in connection with the business of the Sharon Steel Co. Locomotives, 6.
G-eneral Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $30,000; current lia-
bilities, $231,543 — total, $261,543. Contra: Cost of road and equipment, $259,108 ; cash and cur-
rent assets, $2,435— total, $261,543.
Directors.- — John Stevenson, Jr., Jas. P. Whitla, David Adams, Sharon, Pa.; Wm. Flinn,
Pittsburgh, Pa. ; George W. Darr, New York, N. Y. OFFICERS : GEORGE W. DARR, Pres., New York,
N. Y. ; John Stevenson, Jr., Vice-Pres. & Gen. Mgr.; J. P. Whitla, Sec.; David Adams, Treas.; C.
L. White, Aud., Sharon, Pa. GENERAL OFFICE, Sharon, Pa.
MIDDLEBTJRGH AND SCHOHARIE RR. -Middleburgh to Schoharie, N. Y.. 5.33 m. ;
total track (steel, 5.33 m.), 6.33 miles. Rail, 45 and 56 Ibs. Gauge, 4 ft. 8i in. Chartered May 8,
1867 ; road opened Oct. 19, 1868. Locomotive, 1. Cars — passenger, 1 ; service, 1 — total, 2.
Operations, year ending June 30, 1902. — Passengers carried, 18,524 ; carried one mile, 74,096.
Tons freight moved, 6,125; ton-miles, 32,646. Earnings (passenger, $4,631; freight, $5,169;
other, $721), $10,521. Operating expenses, $7,363. Net earnings, $3,158. Payments: Interest on
bonds, $900 ; taxes, $412 ; dividends (2 p. c.), $1,740 — total, $3,052. Surplus, $106 ; surplus for-
ward, $3,021 — total, $3,127.
General Balance Sheet, June 30, 1902. — Capital stock ($100,000 auth.; $100 shares), $87,-
700; funded debt (refunding 5s of May 1, 1916), $18,000; current liabilities, $439; interest ac-
crued, $150 ; dividends unpaid, $130 ; profit and loss, $3,127 — total, $109,546. Contra : Cost of
road and equipment, $103,575 ; materials, etc., $124 ; cash and current assets, $5,847 — total,
$109,546.
Directors (elected March, 1903). — Duryea Beekman, G. L. Danforth, Dow Beekman,
J. L. Engle, W. E. Bassler, H. A. Vroman, D. D. Frisbie, J. B. Badgley, W. H. Neville, G D.
Frisbie, Alonzo Almy, Charles E. White, Middleburgh, N. Y. ; Emmet Haines, Fultonham, N.Y.
OFFICERS : DURYEA BEEKMAN, Pres. ; Daniel D. Frisbie, Vice-Pres. ; Geo. L. Danforth, Treas. ;
Dow Beekman, Sec., Middleburgh, N. Y. GENERAL OFFICE, Middleburgh, N. Y.
MILFORD, MATAMORAS AND NEW YORK RR.— Matamoras, Pa., to Port Jervis,
N. Y., 0.15 mile. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs. Chartered June 9, 1897; road completed
as above in Dec., 1898. An extension is projected from Matamoras to Milford, Pa. This road con-
nects with the Erie RR. at Port Jervis, N. Y.
Operations, year ending June 30, 1902 (road operated during the month of September only). —
Tons freight moved, 11,283; ton-miles, 1,471. Earnings (freight), $960. Operating expenses,
$429. Net earnings, $531. Paid: Taxes, $777. Deficit, $246. Surplus forward, $272: net sur-
plus, June 30, 1902, $26.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $50,000; taxes ac-
crued, $777 ; profit and loss, $26 — total, $50,803. Contra : Cost of road, $50,000 ; cash and current
assets, $803 — total, $50,803.
Directors. — A. E. Lethbridge, L. H. Smith, P. Q. Deyo, C. W. Clarke, Brooklyn, N. Y. ; E.
Monthemost, Milford, Pa. ; W. K. Ridgeway, Matamoras, Pa. ; Richard Falkland, Hoboken, N. J.
OFFICERS: C. W. CLARKE, Pres.; P. Q. Deyo, Treas.; L. H. Smith, Sec., New York, N. Y. ; W. V.
Hillard, Gen. Mgr., Milford, Pa. GENERAL OFFICE, 41 Pine Street, New York, N. Y.
MOHNSVILLE AND ADAMSTOWN RR. — Mohnsville to Adamstown, Pa., 8 miles.
Gauge, 4 ft. 8i in. Steel rail — weight not reported. Organized May 29, 1894; road opened in
1896-97. Locomotives, 2. Passenger cars, 3.
Operations, year ending June 30, 1902.— Earnings (passenger, $3,301; other, $138), $3,439.
Operating expenses, $7,011. Deficit, $3,572.
General Balance Sheet, June 30, 1902. — Capital stock ($75,000 auth.), $22,992; funded
debt (particulars not furnished), $52,048; current liabilities, $9,112 — total, $84,152. Contra:
Cost of road, $75,299 ; cash and current assets, $100 ; profit and loss, $8,753 — total, $84,152.
184 POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
Directors. — Esalas Billlngfelt, Henry O. Mohns. John Zerbe, Elmer E. Blllingfelt, S. W. Miller,
L T. Ouster. Isaac S. Spatz. Henry C. Geissler, J. B. Sterley, Wellington Van Reed, Jas. W. Sheep,
O F Mem. V. S. Seltzer, Reading. Pa. OFFICERS: L. T. OUSTER, Pres.; Esaias Billmgfelt, Vice-
Pres.; V. S. Seltzer, Sec. A Treat.; J. H. Passmore, Gen. Mgr., Reading, Pa. GENEKAL OFFICE,
Reading, Pa.
MONONQAHELA CONNECTING- BB.— Orrnsby Station, P., V. & C. Ry., to Laughlin,
B. & O. RR.. 0.85 m. ; P. & L. K. UK. connection and other branches, 4.41 in. — total, 5.26 m. ; total
track (steel; 80 and 90 Ibs.), 30.30 miles. Gauge. 4 ft. 83 in. Chartered in 1885; road opened
June 1. 1887. Locomotives, 20. Freight cars (gondola, 26; cabin, 2), 28; other (leased) 261 —
a Operations, year ending June 30, 1902. — Earnings (freight, $462,318; other, $1,446), $463,-
764. Operating expenses, $257.240. Net earnings, $206,524. Payments: Interest on bonds, $34,-
250; taxes, $10,522 ; rentals, $174 — total, $44,946. Surplus, $161,578.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $750,000; funded debt
(1st 5s of Feb. 12. 1921 ; $750,000 auth.), $685,000 ; construction and equipment,.$26,557 ; current
liabilities, $40,591; interest accrued, $13,224: profit and loss, $246,646 — total. $1,762,018. Contra:
Cost of road and equipment. $1,446,557 ; materials, etc., $34,155 ; cash and current assets, $281,-
306 — total, $1,762,018.
Directors (elected Jan. 26, 1903). — B. F. Jones. Jr., W. W. Willock, W. L. King, W. L. Jones.
J. B. Laughlin, W. C. Moreland, Irwin B. Laughlin, Pittsburgh. Pa. OFFICERS : B. F. JONES, JR.,
Pres.; W. W. Willock, Vicc-Pres. <£ Gen. Mgr.; W. C. Moreland, Sec. & Treas. ; John L. Moore,
Asst. Sec. rf Aast. Treoa.; Frank McCune, Gen. Supt., Pittsburgh, Pa. GENERAL OFFICE, 3d Ave. &
Try St, Pittsburgh, Pa.
MONTOUB BB. — Montour June, to North Star, Pa., 13 m. ; total track (steel; 60 and 70
Ibs.), 18 miles. Gauge, 4 ft. 8J in. Chartered Sept. 10, 1877. Locomotives, 5. Cars — passenger,
3 ; freight, 110 — total, 113.
Operations, year ending June 30, 1902. — Passengers carried, 53,710; carried one mile, 382,-
312. Tons freight moved, 457,870; ton-miles, 4,482,547. Earnings (passenger, $14,886; freight,
$49,550; other, $3,333), $67,769. Operating expenses, $42,886. Surplus, $24,883.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $100,000; profit and
loss, $161,184 — total, $261,184. Contra: Cost of road and equipment, $257,439; current assets.
$3,745 — total, $261.184.
Directors. — A. M. Neeper, F. L. Robbins, G. W. Schluderderg, F. J. Le Moyne, W. R. Wood-
ford, J. D. Nicholson, Pittsburgh, Pa. OFFICERS: F. L. ROBBINS, Pres.; J. D. Nicholson, Vice-Pres.
<t Treas.; W. R. Woodford, 2d Vice-Pres.; F. J. Le Moyne, Sec., Pittsburgh, Pa. GENERAL OFFICE,
Pittsburgh, Pa.
MOBBIS COUNTY BB. — Charlotteburg June, to Morris Co. June., N. J., 14.5 m. ; Ore-
land to Oreland June., 4 m. — 18.5 miles. Rail (steel), 60 and 70 Ibs. Gauge, 4 ft. 8i in. Road
built In 1886 ; opened from Green Pond to Port Oram, N. J., 12 m., in 1887. In 1888 the Char-
lotteburg and Green Lake RR. was acquired. The company owns 2 locomotives, 1 combination
car, and 10 flat cars.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $498; freight, $35,125),
$35,623. Operating expenses, $34,766. Net earnings, $857.
Financial Statement, Dec. 31, 1902. — Capital stock, $300,000 ; funded debt ( 1st 6s of Sept.,
1916), $300,000; other debt, $65,234 — total, $665,234, representing cost of road and equipment.
Directors. — Joseph Wharton, Wm. R. Wharton, J. Bertram Lippincott, Robert Roger Hay-
dock, Philadelphia, Pa. ; Frederick Voigt, Harry C. Wenner, Camden, N. J. ; Alexander Elliott, Jr.,
Paterson, N. J. ; Edward Kelly, Andrew M. Ryan, Wharton, N J. OFFICERS : JOSEPH WHARTON,
Pres., Philadelphia, Pa. ; Edward Kelly, Vice-Pres., Sec. £ Treas., Wharton, N. J. GENERAL
OFFICE, Wharton, N. J.
MOUNT CARMEL AND NATALIE BB. — Natalie to Alaska, Pa., 7.5 m. ; total, track
(steel ; 70 Ibs.), 9 miles. Gauge, 4 ft. 8J in. Chartered March 20, 1891 ; road opened Nov. 5, 1891.
Operated by the Philadelphia and Reading Ry.
Income Account, year ending June 30, 1902. — Receipts, $33,652. Expenses, $33,572. Sur-
plus, $80.
General Balance Sheet, June 30, 1902. — Capital stock, $175,000; funded debt (1st gold 5s
of June 1, 1916), $175,000; current liabilities, $301,090 — total, $651,090. Contra: Cost of road,
$124,249 ; cash and current assets, $465,095 ; profit and loss, $61,746 — total, $651.090.
Directors. — N. Taylor, Natalie, Pa.; T. S. Vincent, Danville, Pa.; J. G. Case, D. J. Sullivan,
J. Frank Case, G. W. Moon, Swan Hartwell New York, N. Y. OFFICERS: N. TAYLOU, Pres.; J. O.
Case, Vice-Pres. & Sec.; F. P. Dietrick, Treas., Natalie, Pa. GENERAL OFFICE, Natalie, Pa.
MOUNT HOPE MINERAL, BB.— Wharton to Port Oram, N. J., 4.28 m. ; total track
(steel; 56 Ibs.), 4.88 miles. Gauge, 4 ft. 8i in. Chartered March 16, 1866. The road is used ex-
clusively for hauling freight for the mining interests by which it is controlled. Locomotives, 2.
Cars — passenger, 1 ; service, 1L, The cars of the Empire Steel and Iron Co. are used for traffic in
minerals originating on line.
Operations, year ending Dec. 31, 1902. — Tons freight moved, 131,995. Earnings (freight),
$20,148. Operating expenses, $11,985. Net earnings, $8,163 ; other receipts, $951 — total, $9,114.
Paid: Dividends (6 p. c.), $9,600. Deficit, $486; add depreciation, $1,564 — total, $2.050. Sur-
plus forward, $12,667. Net surplus June 30, 1902, $10,617.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $160,000; current lia-
bilities, $926; accrued taxes, $519; profit and loss, $10,617 — total, $172,062. Contra: Cost of
road and equipment, $150,880; M. H. M. RR. stock, $5,000; cash on hand, $11,813; current
assets, $4,369 — total, $172,062.
Directors. — Archer Brown, Orange, N. J. ; B. F. Fackenthal, Jr., Easton, Pa. ; F. M. Jeffery,
East Orange, N. J. ; Leonard Peckitt, J. M. Fitzgerald, Oatasauqua, Pa. ; Duke Peckitt, Port Oram,
N. J. ; Mark T. Cox, New York, N. Y. OFFICERS : ARCHER BROWN, Pres., 71 Broadway, New York,
N. Y. ; Leonard Peckitt, Vice-Pres. ; J. B. Stillman, Treas.; J. M. Fitzgerald, Sec. & Traffic Mgr.,
Catasauqua, Pa. GENERAL OFFICE, Catasauqua, Pa.
MOUNT JEWETT, KINZUA AND BITEBVILLE BB.— Mt. Jewett to Camp Halsey.
Pa., 5 m. ; switches, 2.77 m. ; total track (steel; 50 Ibs.), 7.77 miles. Leased: Kinzua Hemlock
RR., 9 m. ; Mead Run RR.. 9.39 m. ; Kushequa RR., 16.77 m. ; Smethport RR., 8.38 m. — total.
43.54 miles. Total operated, 51.31 m. ; total track, 62.15 miles. Gauge, 4 ft. 8J in. Chartered
April 27, 1889 ; main line opened in 1889. Kinzua Hemlock RR. leased Dec. 15, 1891 ; Mead Run
POOR'S MANUAL OF RAILROADS.
185
RR., in 1897 ; Kushequa RR., in Nov., 1898 ; Smethport RR., in 1899. The South Branch RR. Co.
has joint use of this road between Mt. Jewett Tannery and the Erie RR., at a rental of $1,150 a year
until 1902, and $500 yearly thereafter. Locomotives, 7. Cars — passenger, 8; freight, 112 — total,
120. This equipment is leased from the subsidiary companies. (See subjoined statements.)
Operations, year ending June 30, 1902. — Trains run (passenger, 44,855; freight, 41,765;
mixed, 18,539), 105,159 miles. Passengers carried, 24,387; carried one mile, 198,184. Tons
freight moved, 267,299; ton-miles, 2,196,430. Earnings (passenger, $8,730; freight $82123;
other, $1,400), $92,253. Operating expenses, $90,710. Net earnings, $1,543; other receipts, $141
— total, $1,684. Other expenses, $38,082. Deficit, $36,398 ; deficit forward, $34,714 — total,
$71,112.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $80,000; funded debt
(1st 6s issued in 1891 to amount of $80,000), $20,000; current liabilities, $169,948; interest ac-
crued, not due, $300 — total, $270,248. Contra: Cost of road and equipment, $95,229; stocks
owned, $65,950 ; materials, etc., $4,247 ; cash and current assets, $33,710 ; profit and loss, $71,112
— total, $270,248.
RAILROADS LEASED OR OPERATED
Kin/mi Hemlock RR. — Camp Halsey to
Westline, Pa., 9 miles. Rail (steel), 50 Ibs.
Locomotives, 3. Cars— passenger, 4 ; freight
(box, 1 ; flat, 2), 3 ; logging, 25 ; other, 1— total, 33.
Organized June 12, 1890. Leased for 99 years
from Jan., 1892, to the Mt. Jewett, Kinzua and
Riterville RR. Co., for three-eighths of net earn-
ings of both roads.
Balance Sheet, June 30, 1902. — Capital stock,
$112,100 ; current liabilities, $300 ; profit and loss,
$19,445 — total, $131,845. Contra : Cost of road and
equipment, $130,838 ; cash and current assets, $1,-
007 — total, $131,845.
Thos. L. Kane, Pres. ; Elisha K. Kane, Sec. ;
Z. E. Kane, Treas., Kushequa, Pa. Office, Kushe-
qua, Pa.
K iiNlioqiin RR. — Gaffney to Langdon Brook,
Pa., 16.77 miles. Rail (steel), 60 Ibs.
Chartered May 3, 1898 ; road opened from Gaff-
ney to McKeans, 7 m., in June, 1S99 ; extended to
McKeown Hollow, 5.61 m., in 1900, and from Mc-
Keown Hollow to Langdon Brook, 4.16 m., in
1902. Leased for 6 years from Nov., 1898, to the
Mt. Jewett, Kinzua and Riterville RR. Co., at a
rental of 12 p. c. a year on cost of road and
equipment. Locomotives, 4. Cars — passenger, 4 ;
freight, 35 ; other, 19— total, 58. Income, year
ending June 30, 1902, $20,948.
Balance Sheet, June 30, 1902. — Capital stock
($50 shares), $150,000; current liabilities, $9,438;
profit and loss, $34,984 — total, $194,422. Contra:
BY THE MT. J., K. & R. RR. Co.
Cost of road and equipment, $180,094 ; cash and
current assets, $14,328 — total, $194,422.
Elisha K. Kane, Pres. ; Z. E. Kane, Treas. ; N.
C. Cody, Sec. Office, Kushequa, Pa.
Mead Run RR Mt. Jewett to Last Camp,
Fa., 9.39 miles. Rail (steel), 50 Ibs. Chartered
April 30, 1897; road opened in 1897 and 1898.
Leased for 20 years to the Mt. Jewett, Kinzua and
Riterville RR. Co., at a rental of 50 p. c. of the
freight earnings of the road, all other earnings
going to the lessee. The South Branch RR. Co.
has trackage rights over 2.33 miles of this road
at a rental of $500 per annum. Owns 10 log and
10 fiat cars. Balance Sheet, June 30, 1902. —
Capital stock, $45,950 ; current liabilities, $2,000 ;
profit and loss, $15,656— total, $63,606. Contra:
Cost of road and equipment, $39,405 ; cash and
current assets, $24,201— total, $63,606. Elisha K.
Kane, Pres. ; Z. E. Kane, Treas. ; N. C. Cody,
Sec. Office, Kushequa, Pa.
Smetliport RR. — McKeans to Smethport,
Pa., 7.04 m. — total track, 8.38 miles. Flat cars, 10.
Organized March 6, 1899 ; road opened same
year. Operated by the Mt. Jewett, Kinzua and
Riterville RR. Co.
Balance Sheet. June 30, 1902. — Capital stock,
$90,000 ; current liabilities, $21,067 ; profit and loss,
S5.728 — total, $116,795, representing cost of road
and equipment.
Elisha K. Kane, Pres. ; Z. E. Kane, Treas. ; N.
C. Cody, Sec. Office, Kushequa, Pa.
Directors, Mt. J., K. & R. RR. Co. (elected Jan. 19, 1903). — Elisha K. Kane, N. C. Cody, C. D.
Lamb, Z. E. Kane, G. C. Burch, D. F. Parish, Kushequa, Pa. OFFICERS: ELISHA K. KANE, Pres.;
Z. E. Kane, Treas.; N. C. Cody, Sec., Kushequa, Pa. GENERAL OFFICE, Kushequa, Pa.
MOUNT PENN GRAVITY RR. — Mineral Spring Park Station to summit of and around
Mount Penn, Pa., 8 m. ; total track (steel; 45 Ibs.), 8.24 miles. Gauge, 4 ft. 8i in. Chartered
April 26, 1889; road opened March 31, 1890. Locomotive, 1. Cars (passenger, 9; freight, 1), 10;
service, 2 — total, 12.
Operations, year ending June 30, 1902. — Trains run (passenger), 19,832 miles. Passengers
carried, 52,762; carried one mile, 422,096. Earnings (passenger, $12,683; freight, $31; other,
$342), $13,056. Operating expenses, $7,693. Net earnings, $5,363. Deductions, $6,507. Deficit,
$1,144.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000; funded
debt (see below), $99,400; current liabilities, $524 — total, $199,924. Contra: Cost of road and
equipment, $151,735 ; cash and current assets, $524 ; profit and loss, $47,665 — total, $199,924.
Funded Debt.— Funded debt, June 30, 1902, consisted of $60,000 1st 6s of April 1, 1902,
extended for 10 years at 4 p. c. ; and $39,400 ($40,000 auth.) 2d 6s of April 1, 1902, extended for
10 years at 4 p. c.
Directors.- — James Nolan, S. E. Ancona, Jesse G. Hawley, Thos. P. Merritt, Frank S. Livin-
good, M. B. McKnight, James Rick, Matthias Moyer, Wm. R. Mcllvain, H. A. Muhlenberg, Jonathan
G. Leimbach, John Barbey, Ferdinand Goetz, Reading, Pa. OFFICERS : JONATHAN G. LEIMBACH,
Pres. & Gen. Mejr.; Matthias Moyer, Vice-Pres. ; Frank S. Livingood, Sec. & Treas.; J. Ashton,
Parker, Asst. Gen. Mgr., Reading, Pa. GENERAL OFFICE, Reading, Pa.
NEWBTJRGH, DUTCHESS AND CONNECTICUT RR.— Dutchess June., N. Y., to
Conn. State Line, 58.84 m. ; total track, 69.60 miles. Rail- — iron, 56 Ibs. ; steel (60.14 m. ), 60 and
74 Ibs. Gauge, 4 ft. 8J in. Successor, Jan. 8, 1877, to Dutchess and Columbia RR. Co. Locomo-
tives, 9. Cars — passenger, 8; baggage, etc., 4; freight (box, 37; stock, 4; flat, 18; coal, 134),
193 ; service, 19 — total, 224.
Operations, year ending June 30, 1902. — Trains run (passenger, 32,200; freight, 100,674;
mixed, 7,824), 140,698 miles. Passengers carried, 73,296; carried one mile, 1,228,509. Tons
freight moved, 139,382; ton-miles, 3,080,982. Earnings (passenger, $28,563; freight, $76,039;
other, $67,024), $171,626. Operating expenses, $130,655. Net earnings, $40,971; other receipts,
$390 — total, $41,361. Payments: Interest on bonds, $11,300; other interest, $1,575; taxes,
$6,919 — total, $19,794. Surplus, $21,567 ; surplus forward, $149,014 — total, $170,581. Deductions
during the year, $151,835. Surplus June 30, 1902, $18,746.
General Balance Sheet. June 30, 1902. — Capital stock $500,000 common and $600,000 pre-
ferred ($50 shares), $1,100,000; funded debt (see below), $1,390,500; real estate mtges., $25,000;
186 POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
current liabilities. $15.479 ; Interest accrued, $1,883 ; taxes accrued, $1,113 ; profit and loss, $18,-
746 — total, $2,652,721. Contra: Cost of road and equipment, $2,511,687; real estate, $1,223;
materials, etc., $11,665 ; cash and current assets, $28,146 — total, $2,552,721.
Funded Debt. — Funded debt, June 30, 1902, consisted of $1,164,500 ($1,625.000 auth.) In-
come 6s of June 1, 1977, int. if earned ; and $226,000 collat. trust 5s of May 1, 1921.
Directors (elected Oct. 30, 1902). — John Crosby Brown, Thatcher M. Brown, William Lummls,
James Brown Potter, Wm. B. Lord, R. Somers Hayes, W. J. Duane, Clarence Gary, New York, N. Y. ;
Samuel K. Phillips, Matteawan, N. Y. ; O. Hunter Brown, Garrisons, N. Y. ; W. A. Wells, Moores
Mills, N. Y. ; James Crosby Brown, Philadelphia. Pa. OFFICERS : JOHN CROSBY BROWN, Pres., 59
Wall St., New York. N. Y. ; G. Hunter Brown, Vice-Pres. d Gen. Mgr.; W. A. Wells, Sec.; H. H.
Reed, Treas., Matteawan. N. Y. GENERAL OFFICE, Matteawan, N. Y.
NEW CASTLE AND BUTLER BB.— New Castle to Mineral Ridge, Pa.. 2.5 miles. Gauge.
3 ft. 2 in. Rail (steel), 60 Ibs. Organized Sept., 1881. Locomotives, 2; cars (freight), 100.
Operations, year ending June 30, 1902. — Tons freight moved, 143,317. Earnings (freight),
$10,032. Operating expenses, $12,661. Deficit, $2,629.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $20,000; profit and
loss, $19,312 — total, $39,312, representing cost of road and equipment.
Directors (elected June 30, 1902). — E. N. Ohl, W. H. Marquis, Edwin F. Norris, New Castle,
Pa. OFFICERS: E. N. OHL, Pres.; W. H. Marquis, Vice-Pres.; Edwin F. Norris, Sec. & Treas., New
Castle, Pa. GENERAL OFFICE, New Castle, Pa.
NEW HAVEN AND DUNBAB BB.— B. & O. RR. June, to Deer Lick Ford, Pa., 2.3 m. ;
S. W. P. RR. to Irishtown Run, 0.62 m. ; Dunbar Furnace Co. stockhouse to Limestone, 1.47 m. ;
Hill Farm to Parish. Pa., 0.86 m. — total, 5.25 m. ; total track (steel; 80 Ibs.), 10.5 miles. Gauge,
4 ft. 81 in. Organized Nov. 22, 1892. Locomotives, 5. Cars — freight (flat, 8; coal, 29), 37; serv-
ice, 1 — total, 38.
Operations, year ending June 30, 1902. — Trains run (mixed), 38,325. Tons freight moved,
561,909; ton-miles, 2,950,022. Earnings (freight), $33,741. Operating expenses, $43,459. Deficit,
$9,718.
General Balance Sheet, June 30, 1902. — Capital stock ($40,000 auth. ; $50 shares), $8,000 ;
current liabilities, $103,032 — total, $111,032. Contra : Cost of road, $41,767 ; equipment, $31,057 ;
cash and current assets, $2,427 ; profit and loss, $35,781 — total, $111,032.
Directors. — Rodman Wister, John N. M. Shimer, W. C. Harris, Philadelphia, Pa. OFFICERS :
JOHN N. M. SHIMER, Pres. ; W. C. Harris, Sec. ; Rodman Wister, Treas., Philadelphia, Pa. ; S. G.
Valentine, Asst. Gen. Mgr., Dunbar, Pa. GENERAL OFFICE, Bullitt Building, Philadelphia, Pa.
NEW JEBSEY TERMINAL BB. — Junction to Carteret, N. J., 4.82 m ; branch, Car-
teret to Williams & Clark factory, 0.76 m. — total, 5.58 miles. Gauge, 4 ft. 8J in. Rail (steel),
70 Ibs. Locomotives, 2 ; freight cars, 2 ; other cars, 3. Chartered Oct. 17, 1901 ; road completed
prior to July 1, 1903. Capital stock authorized and paid in, $500,000. Funded debt (1st 30-yr
5s of Oct. 1, 1931; auth., $500,000), $245,000. Interest payable April 1 and Oct. 1, at the office
of the trustee, Colonial Trust Co. of New York, N. Y.
Directors. — Edward S. Savage, Rahway, N. J. ; Milo W. Belding, Francis V. Dobbins, New
York, N. Y. ; Chas. L. Corbin, Metuchen, N. J. ; Wm. H. Corbin, Clement K. Corbin, Elizabeth,
N. J. ; J. Blanchard Edgar, Woodbridge, N. J. OFFICERS : EDWARD S. SAVAGE, Pres., New York,
N. Y. ; Chas. L. Corbin, Vice-Pres.; Samuel S. Moore, Treas., Jersey City, N. J. ; Francis V.
Dobbins, Sec., New York, N. Y. ; Geo. B. Minshull, Supt., Carteret, N. J. GENERAL OFFICE, 243
Washington St., Jersey City, N. J.
NEW OBANGE FOUB JUNCTION BB.— New Orange to Aldene and Roselle, N. J.
(June with Central RR. of N. J.), 4.19 miles. Gauge, 4 ft. 8J in. Successor in 1901 to the New
York and New Orange RR. Co.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $2,060; freight, $1,859;
other, $388), $4,307. Operating expenses, $10,242. Deficit from operation, $5,935.
Financial Statement, Jan. 1, 1903. — No stock issued. Funded debt (details not furnished),
$75,000. Cost of road and equipment, $48,502.
Directors. — Not reported. OFFICERS : W. W. COLE, Pres. & Gen. Mgr., New York, N. Y •
Dennis Long, Vice-Pres., Union, N. J. ; W. S. McCord, Treas., Elmira, N. Y. ; C. W. Manahan,
Jr., Sec., East Orange, N. J. ; H. F. Dankel, Supt., New Orange, N. J. GENERAL OFFICE, New
Orange, N. J.
NEWPOBT AND SHEBMAN'S VALLEY BB.— Newport to New Germantown, Pa..
28.50 m. ; total track (steel; 40 Ibs.), 30.67 miles. Gauge, 3 ft. Chartered July 30, 1890; road
opened as above, Dec. 31, 1892. Locomotives, 2. Cars — passenger, 9; freight (box, 11; stock, 11;
flat, 15; coal, 23), 60; service, 30 — total, 99. Of this equipment, 5 passenger, 7 box, 6 stock, 12
flat, and 17 coal cars are held under car trusts.
Operations year ending June 30, 1902. — Earnings (passenger, $8,497; freight, $23,590,
other, $2,349), $34,436. Operating expenses, $23,878. Net earnings, $10,558. Payments: Interest
on bonds, $8,850 ; other interest, $2,515 ; taxes, $45 — total, $11,410. Deficit, $852 ; deficit for-
ward, $12,835— total, $13,687.
General Balance Sheet, June 30, 1902. — Capital stock ($180.000 auth.; $50 shares). $131,-
468; funded debt (see below), $190,000; equipment obligations, $7,621; current liabilities, $62,-
085 — total, $391,174. Contra : Cost of road and equipment, $371,915 ; cash and current assets,
$5,572 ; profit and loss, $13,687 — total, $391,174.
Funded Debt. — Funded debt, June 30, 1902, consisted of $125,000 1st 5s of 1911, and $65,-
000 ($70,000 auth.), 2d 4s of 1925.
Directors (elected Jan. 6. 1903). — H. H. Bechtel, Cincinnati. O. ; J. L. Mitchell, Philadelphia,
Pa. ; H. A. Moore, James B. Eby, John Fleisher, B. M. Eby, Newport, Pa. ; Martin Muma, Mechan-
icsburg. Pa. OFFICERS : DAVID GRING, Pres., Newport, Pa. ; H. H. Bechtel, Vice-Pres., Cincinnati,
O. ; Horace Beard, Sec.; C. K. Miller, Treas., Newport, Pa. GENERAL OFFICE, Newport, Pa.
NEW YOBK AND JEBSEY BB. — Projected : New York, N. Y., by tunnel under the Hud-
son River to Jersey City, N. J., 2 miles. Chartered Feb. 11, 1902, and succeeded, by purchase, to
the Hudson Tunnel Ry. Co. Construction is in progress, the tunnel being completed 4,400 feet up
to March 10, 1903. The total length of the under-river section will be 5,600 feet.
Financial Statement, March 1, 1903. — Capital stock, fully paid ($5,000.000 common and
13,500,000 non-cumulative 6 p. c. preferred; $100 shares), $8,500,000. Funded debt outstanding,
POOR'S MANUAL OF RAILROADS. 187
$5,000,000 ($7,000,000 auth.) 1st mtge. 5 p. c. 30-yr. gold bonds, due Feb. 1, 1932, Interest Feb.
and Aug., at the office of the trustee, the Guaranty Trust Co., New York, N. Y.
Directors. — Walter G. Oakman, E. H. Gary, E. C. Converse, John Skelton Williams, A. N.
Brady, John G. McCullough, F. B. Jennings, W. G. McAdoo, Otto T. Bannard, Chas. W. King, New
York, N. Y. ; E. F. C. Young, Jersey City, N. J. ; David Young, Newark, N. J. ; G. Tracy Rogers,
Binghamton, N. Y. OFFICERS: W. G. McAooo, Pres. ; E. C. Converse, Vice-Pres.; Walter G.
Oakman, Vice-Pres.; Henry A. Murray, Treas.; Chas. W. King, Sec.; Chas. M. Jacobs, Chief Eng.,
New York, N. Y. GENERAL OFFICE, 15 Wall St., New York, N. Y.
NEW YORK AND OTTAWA RR. — Tupper Lake to Nyando, St. Lawrence River, N. Y.,
68.40 m. ; total track (steel; 56 and 65 Ibs.), 73.77 miles. Gauge, 4 ft. 8J in. Chartered Oct. 29,
1897 ; road opened to St. Lawrence River, Sept. 28, 1898. (See MANUAL for 1899, page 232.) The
bridge across the St. Lawrence River, connecting the New York and Ottawa RR. with the Ottawa and
New York Ry., was opened for traffic Oct. 1, 1900, thereby making direct connection between the
cities of New York and Ottawa via New York Central and Hudson River RR. The Canadian part of
the bridge is owned by the Ottawa and New York Ry. Co. (see General Index), and the American
part by the Cornwall Bridge Co., a New Jersey corporation. Both are controlled by the New York
and Ottawa RR. Co., through ownership of their stocks. The property of this company was placed
in the hands of a receiver on April 25, 1900. Locomotives, 8. Cars — passenger, 7 ; combination, 4 ;
freight (box, 56; flat, 99), 155; service, 11 — total, 177.
Operations, year ending June 30, 1902. — Trains run (passenger, 96,810; freight, 52,621),
149,431 miles. Passengers carried, 76,343 ; carried one mile, 1,317,996. Tons freight moved,
92,370; ton-miles, 2,360,127. Earnings (passenger, $39,212; freight, $53,424; other, $13,678),
$106,314. Operating expenses, $104,882. Net earnings, $1,432. Paid : Taxes, $4,900. Deficit,
$3,468 ; deficit forward, $83,965 — total, $87,433.
Receiver's Balance Sheet, June 30, 1902. — Receiver's certificates, $515,000 ; current liabili-
ties, $268,673 — total, $783,673. Contra : Cost of road and equipment, $61,061 ; securities owned,
$500,000 ; materials, etc., $11,600 ; cash and current assets, $123,579 ; profit and loss, $87,433 —
total, $783,673.
Receiver's Certificates. — The amount authorized was $585,000, of which certificates amount-
ing to $565,000 have been issued, $50,000 of them after June 30, 1902. They bear interest at the
rate of 6 p. c. per annum, and were payable in July, 1903, but the date of payment has been ex-
tended to Jan. 1, 1904. The sale of the property has been postponed from May, 1903, to Nov., 1903.
General Balance Sheet, April 25, 1900 (latest rendered). — Capital stock paid in $3,000,000
auth.; $100 shares), $2,540,000; funded debt, $2,360,000 ; current liabilities, $13,720 ; interest
accrued, $102,528 — total, $5,016,248. Contra: Cost of road and equipment, $2,740,000; securities
owned, $2,160,000 ; sundry accounts, $9,381 ; profit and loss, $106,867 — total, $5,016,248.
Funded Debt. — Funded debt, April 25, 1900, consisted of $1,728,000 1st gold 4s of Nov. 1,
1917, and $632,000 2d and collateral trust gold 6s of July 1, 1912. Foreclosure proceedings have
been instituted, and a committee has been appointed to safeguard the interests of the bondholders.
Depositary : Spencer Trask & Co., New York, N. Y.
Directors. — Geo. Foster Peabody (chairman), Geo. Barclay Moffat, Spencer Trask, Alexander
M. White, Jr., R. Burnham Moffat, Acosta Nichols, New York, N. Y. ; Henry W. Gays, Ottawa, Ont. ;
Henry Sanger Snow, Brooklyn, N. Y. ; Charles J. Peabody, Englewood, N. J. OFFICERS OF THE RE-
CEIVERSHIP : HENRY W. GAYS, Receiver, Ottawa, Ont. ; George B. Colpas, Asst. Treas. & And.
PRINCIPAL OFFICE, Moira, N. Y. GENERAL OFFICE, Ottawa, Ont.
NEW YORK AND PENNSYLVANIA RR.— Canisteo, N. Y., to Shingle House, Pa.,
51.7 m. ; Sharon & Ceres RR. (leased, see below), 5 m. — total, 56.7 m. ; total track owned (steel ;
60 and 65 Ibs.), 58.29 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 and 65 Ibs. Consolidation, June
22, 1896, of the Olean, Oswayo and Eastern and the New York and Pennsylvania RR. Cos. (See
MANUAL for 1897, page 844.) The extension from Oswayo to Millport, 5.8 m., was built in 1898;
that from Millport, Pa., to Shingle House, Pa., 4.8 m., in the fall of 1900. Locomotives, 5 (1 leased).
Cars — combination, 3; freight (flat), 32 — total, 35.
Operations, year ending June 30, 1902. — Revenue trains run (passenger, 73,394; mixed,
35,494), 108,888 miles. Passengers carried, 57,667; carried one mile, 1,204,144. Tons freight
moved, 95,636; ton-miles, 2,285,227. Earnings (passenger, $23,471; freight, $65,288; other,
$7,920), $96,679. Operating expenses, $94,625. Net earnings, $2,054. Payments: Interest on
bonds, $15,083 ; taxes, $2,229 ; rentals, $1,037 — total, $18,349. Deficit, $16,295 ; deficit forward,
$37,725 — total, $54,020.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $500,000; funded
debt, $500,000 ; current liabilities, $36,095 ; interest accrued, $31,621 — total, $1,067,716. Contra:
Cost of road and equipment, $1,000,000 ; cash and current assets, $13,696 ; profit and loss, $54,020
— total, $1,067,716.
Default, Receivership and Foreclosure. — Default having been made on two interest
payments, the property was placed in the hands of a receiver on Feb. 5, 1902, in a suit to foreclose
the mortgage. The property was sold under foreclosure on May 24, 1902, for the sum of $240,000,
and a deed was made and delivered to the purchasers ; but persons opposed to the foreclosure and
sale secured an injunction restraining all further proceedings, and the property remains in the
possession of the receiver.
RAILROAD LEASED BY THE N. Y. & P. RR. Co.
Sharon nnd Cere* RR. — Shingle House,
Pa., to Ceres, N. Y., 4.43 m. — total track, 4.52
miles. Chartered July 18, 1901 ; road opened in
fall of 1901. Leased to New York & Pennsylvania
RR. Co. Capital stock ($50 shares), $100,000.
Cost of road to June 30, 1902, $33,644.
Fred. C. Leonard, Pres., Harrisburg, Pa. ; W.
I. Lewis, Sec. & Treas., Coudersport, Pa. ; George
R. Brown, Gen. Mgr., Canisteo, N. Y. Office,
Coudersport, Pa.
Directors (elected June 3, 1902). — Morris S. Chase, Whitesville, N. Y. ; Howard Oobb,
Fordyce A. Cobb, Ithaca, N. Y. ; Theodore Cobb, Spring Mills, N. Y. ; S. E. Crittenden, A. B. Payne,
Oswayo, Pa. ; William Cobb, Benton McConnell, William Richardson, Charles H. Boynton, Hornells-
ville, N. Y. ; Frank Flohr, Canisteo, N. Y. ; Geo. M. Webster, Greenwood, N. Y. ; John P. Harden,
Rexville, N. Y. OFFICERS : GEORGE R. BROWN, Receiver, Canisteo, N. Y. ; WILLIAM COBB, Pres. ;
Benton McConnell, Vice-Pres.; 1. W. Near, Sec.; William Richardson, Treas., Hornellsville, N. Y.
GENERAL OFFICE, Hornellsville, N. Y.
NIAGARA JUNCTION RY. — Port Day to Fletcher's Corners, N. Y., 5.34 m. ; total track
(steel; 80 Ibs.), 13.33 miles. Gauge, 4 ft. 8J in. Chartered May 28, 1892; road built same year.
Locomotives, 2. Cars — freight (flat), 6,
188 POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
Operations, year ending June 30. 1902. — Earnings (freight). $32,387. Operating expenses.
$20,379. Net earnings, $12,008 ; other receipts, $250 — total, $12,258. Payments : Interest on
floating debt, $8,918; taxes, $3,000 — total, $11,918. Surplus, »340 ; deficit forward ($15,506;
deductions during year, $9,285), $24.791; net deficit, $24,451.
General Balance Sheet, June 30, 1902. — Capital stock ($160,000 common, $140,000 pre-
ferred; $100 shares), $300,000; current liabilities, $188,317; interest accrued, due, $4,584;
taxes accrued. $1.616 — total, $494,517. Contra : Cost of road and equipment, $445,898 ; materials,
etc., $6,962 ; cash and current assets, $17,206 ; profit and loss, $24,451 — total, $494,517.
Directors (June 2, 1903). — Edward D. Adams, George S. Bowdoin, Charles F. Clark, Charles
Lanier, Joseph Larocque, D. O. Mills, William B. Rankine, Francis Lynde Stetson, Frederick W.
Whltrldge, Edward A. Wlckes, John Jacob Astor, New York, N. Y. OFFICERS: D. O. MILLS, Pres.;
Edward A. Wickes, 1st Vice-Pres.; Wm. B. Rankine, 2d Vice-Pres. & Treas.; F. L. Lovelace, Sec.;
W. Paxton Little, Asst. S«c. <£ Asst. Trcas., 15 Broad St., New York, N. Y. GENERAL OFFICE, Niagara
Falls, N. Y.
NITTANY VALLEY RR. — June. B., N. & L. RR. to Ore Banks, Pa., 4.75 m. ; total track
(steel; 56 Ibs.), 7.62 miles. Gauge, 4 ft. 9 In. Chartered March 15, 1887; road opened in 1888.
Locomotive, 1. Cars (ore), 10.
Operations, year ending Oct. 31. 1902. — Earnings (freight, $5,764; other, $2,987), $8,751.
Operating expenses, $6,598. Net earnings, $2,153. Payments : Interest on floating debt, $39 ; taxes,
$135 — total, $174. Surplus, $1,979.
General Balance Sheet, Oct. 31, 1902. — Capital stock ($50 shares), $75,000; funded debt
(1st 6s of 1917), $75,000; current liabilities, $2.031; interest accrued, $29,250; profit and loss,
$13,617 — total, $194,898. Contra : Cost of road and equipment, $182,346 ; cash and current assets,
$12,552 — total, $194,898.
Directors (elected Jan. 13. 1903). — Jones Wister, J. N. M. Shimer, W. Rotch Wlster, Samuel
Bispham, H. C. Brown, H. E. Young, Philadelphia, Pa. ; A. H. Childs, Pittsburgh, Pa. OFFICERS :
JONES WISTER, Pros. ; M. W. Walsh, Sec. & Treas., Philadelphia, Pa. ; M. J. Gardner, Sup*., Belle-
fonte, Pa. GENERAL OFFICE, 672 Bullitt Building, Philadelphia, Pa.
NORTH BEND AND KETTLE CREEK RR.— Gleasonton to Osborne, Pa., 12 m. ;
Sanders Urancb, Jordan's to Sanders, Pa., 2 m. — total, 14 miles. Gauge, 4 ft. 81 in. Rail (steel),
45 and 60 Ibs. Organized April 24, 1893 ; road opened in 1894. Locomotives, 2. Cars — passenger,
3; freight (flat, 6; coal, 17; log, 52), 75 — total, 78.
Operations, year ending June 30, 1902. — Earnings (passenger, $3,167; freight, $10,186;
other, $154). $13,507; other receipts, $5,000 — total, $18,507. Operating expenses, $23,040. Deficit
for year, $4,533 ; deficit forward, $52,473 — total, $57,006.
General Balance Sheet, June 30, 1902. — Capital stock ($150,000 auth. ; $50 shares), $75,-
000; current liabilities (loans), $249,813 ; profit and loss, $57,006 — total, $381,819. Contra: Cost
of road and equipment, $321,233 ; materials, etc., $3,580 ; profit and loss, $57,006 — total, $381,819.
Directors (elected Jan. 11, 1903). — Wm. Howard, A. P. Perley, Williamsport, Pa.; L. R.
Gleason, Canton, Pa. ; Chas. Gleason, Driftwood, Pa. ; Jas. Gleason, I. W. Gleason, F. A. Blackwell,
Gleasonton, Pa. OFFICERS : WM. HOWARD, Pres., Williamsport, Pa. ; Rob't C. Lippincott, Vice-
Pres., Philadelphia, Pa. ; A. P. Perley, Treas., Williamsport, Pa. ; I. W. Gleason, Sec.; F. A. Black-
well, Gen. JO.gr.; R. F. Blackwell, Aud., Gleasonton, Pa. GENERAL OFFICE, Gleasonton, Pa.
NORWOOD AND ST. LAWRENCE RR.— Norwood to Raymondville, N. Y., 7.5 m. ; total
track (steel ; 56 Ibs.), 8.10 miles. Chartered March 30, 1901 ; road opened Nov. 1, 1901. Locomo-
tive, 1. Cars — combination, 1 ; box, 2 ; flat, 4 — total, 7.
Operations, year ending June 30, 1902. — Trains run (mixed), 48,672 miles. Tons freight
moved, 26,828 ; ton-miles, 95,880. Earnings (passenger, $494 ; freight, $6,142), $6,636. Operat-
ing expenses, $6,715. Deficit from operations, $79 ; other receipts, $37 — net deficit, $42. Paid :
Taxes, $28. Deficit June 30, 1902, $70.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000; loans and
bills payable, $8,000; current liabilities, $1,947 — total, $109,947. Contra: Cost of road and
equipment, $104,336 ; materials, etc., $3,557 ; cash and current assets, $1,984 ; profit and loss $70
—total, $109,947.
Directors. — Charles R. Remington, Frank L. Moore, Charles H. Remington, George B. Kemp,
Francis M. Hugo, F. A. Hinds, Charles M. Rexford, Warren F. Howe, Watertown, N. Y. ; O. E.
Martin, Norwood, N. Y. OFFICERS : CHARLES H. REMINGTON, Pres., Watertown, N. Y. ; O E Martin
Vice-Pres., Norwood, N. Y. ; Francis M. Hugo, Sec.; Warren F. Howe, Trcas., Watertown, N. Y!
GENERAL OFFICE, Watertown, N. Y.
OHIO RIVER JUNCTION RR. — Rochester to New Sewickley, Pa., 3.40 miles. Gauge 4
ft. 81 in. Rail (steel), 60 and 80 Ibs. Chartered Jan. 18, 1898 ; completed as above in 1899. Loco-
motives, 2. Gross earnings, year ending Nov. 1, 1902, $15,777. Operating expenses $12 611. Net
earnings, $3,166.
General Balance Sheet, Nov. 1, 1902. — Capital stock, $250,000 ; current liabilities $11,809 •
profit and loss, $3,166 — total, $264,975. Contra: Cost of road, $108,276 ; cash and current assets
$152,973 ; sundries, $560 ; profit and loss, $3,166 — total, $264,975.
Directors. — J. H. Park, J. M. Beal, G. I. Park, Beaver, Pa. ; Wm. Bald, W. A. Park, Rochester
Pa. ; S. Morgan, Freedom, Pa. ; John Warren, Beaver Falls, Pa. OFFICERS : WM BALD Pres • 3
M. Beal, Sec.; W. A. Park, Treas. & Gen. Mgr.; G. I. Park, Awl., Rochester, Pa. GENERAL OFFICB.
Rochester, Pa.
OTIS RY.— Otis June, to Otis Summit, N. Y., 1.35 m. ; total track (steel; 35 Ibs.), 1.39
miles. Gauge, 3 ft. Reorganization, June 23, 1899, of the Otis Elevating Ry. (See MANUAL for
1899, page 1421.) Equipment: 1 stationary engine, 2 passenger and 2 baggage cars.
Operations, year ending June 30, 1902. — Trains run (passenger, 3,054; freight, 266), 3,320
miles. Passengers carried, 24,504 ; carried one mile, 33,080. Tons freight moved, 1,358 ; ton-
miles, 1,833. Earnings (passenger, $7,810; freight, $1,704; other, $2), $9,516. Operating ex-
penses, $6,793. Net earnings, $2,723 ; other receipts, $77 — total, $2,800. Payments : Interest on
bonds, $3,550; taxes, $405 — total, $3,955. Deficit, $1,155; surplus forward, $108; net deficit,
$1,047.
General Balance Sheet. June 30, 1902. — Capital stock ($100 shares), $65,000; funded debt
(1st 5s of July 15, 1939), $71,000 ; current liabilities, $2,698 ; interest accrued, not due, $1,627 —
total. $140,325. Contra: Cost of road and equipment, $136,194; cash and current assets $3 084'
profit and loss, $1,047 — total, $140,325.
POOR'S MANUAL OF RAILROADS. 189
Directors. — Chas. L. Rickerson. Brooklyn, N. Y. ; W. D. Baldwin, Yonkers, N. Y. ; Wm. H.
White, Jr., New York, N. Y. (two vacancies). OFFICERS : CHARLES L. RICKERSON, Pres., Brooklyn,
N. Y. ; W. D. Baldwin, Vlce-Pres., Yonkers, N. Y. ; Chas. A. Beach, Sec. & Treas.; John L. Driscoll,
Supt., Catskill, N. Y. GENERAL OFFICE, Catskill, N. Y.
OWASCO RIVER RR. — N. Y. C. Station in Auburn to D. M. Osborne & Co.'s yard in Au-
burn, N. Y., 0.50 m. ; total track (steel; 56 Ibs.), 2.14 miles. Gauge, 4 ft. 8J in. Chartered June
2, 1881; road opened in June, 1882. Locomotives, 3. Cars — freight (box, 4; flat, 13), 17.
Operations, year ending June 30, 1902. — Revenue trains run (freight), 1,218 miles. Tons
freight moved, 97,161 ; ton-miles, 194,322. Earnings (freight), $13,256. Operating expenses, $13,-
929 ; taxes, $656 — total, $14,565. Deficit, $1,329 ; surplus forward, $27,463 — net surplus, $26,134.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $30,000; current lia-
bilities, $9,693 ; profit and loss, $26,134 — total, $65,827, representing cost of road and equipment.
Directors. — Thomas M. Osborne, Edwin D. Metcalf, John H. Osborne, S. V. Kennedy, S. Elliott
Grant, Frank E. Swift, C. E. Almy, Martin Lower, Wm. H. Harris, C. F. Baldwin, R. J. Brockway,
Walter Beck, F. C. Moore, Auburn, N. Y. OFFICERS: THOMAS M. OSBORNE, Pres.; John H. Os-
borne, Sec. & Treas. ; Edwin D. Metcalf, Gen. Mgr., Auburn, N. Y. GENERAL OFFICE, Auburn, N. Y.
PEMBERTON AND HIGHTSTOWN RR.— Pemberton to Hightstown. N. J., 24.42 miles.
Gauge, 4 ft. 8J in. Rail (steel), 50 and 60 Ibs. Chartered March 24, 1864; road opened Feb. 10,
1868. Controlled by the Pennsylvania RR. Co. Leased to the Union Transportation Co., for three
years from July 31, 1896, and from year to year thereafter until terminated by six months' written
notice from either party; rental, $1,388.79 per annum and cost of maintenance. (See MANUAL for
1891, page 421.) Locomotives, 2. Cars — passenger, 4; baggage, etc., 2; flat, 1 — total, 7. Capital
stock, $342,150. WM. BITTLE, Pres. New Egypt, N. J. ; Jos. Holmes, Treas.; W. H. Davis, Sec.,
Cream Ridge, N. J. GENERAL OFFICE, Broad Street Station, Philadelphia, Pa.
PEOPLE'S RY. — Pottsville to Minersville, Pa., 4.60 m. ; total track (steel; 60 Ibs.), 5.16
miles. Gauge 4 ft. 8£ in. Chartered April 4, 1865; road opened in 1871-72. Operated by Schuyl-
kill Electric Ry. Co. and Schuylkill and Lehigh Valley RR. Co. Locomotive, 1. Cars — passenger,
10; freight (flat), 1 — total, 11.
Operations, year ending June 30, 1902. — Gross receipts (rentals, $15,757; other, $750),
$16,507. Operating expenses, $3,877. Net earnings, $12,630. Payments : Interest on bonds,
$1,800; taxes, $637; dividends (71 p. c.), $7,500 — total, $9,937. Surplus, $2,693; deficit forward,
$11,140 ; net deficit, $8,447.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($250,000 auth. ; $50 shares),
$100,000; funded debt (1st 5s of 1940), $36,000 — total, $136,000. Contra: Cost of road and equip-
ment, $100,534 ; other assets, $27,019 ; profit and loss, $8,447 — total, $136,000.
Directors (elected Nov. 4, 1902). — R. C. Luther, George S. Clemens, Wm. D. Baber, J. P.
Jones, L. F. Brigham, Pottsville, Pa. OFFICERS: R. C. LUTHER, Pres.; W. D. Pollard, Sec., Treas.
& Supt., Pottsville, Pa. GENERAL OFFICE, 221 South Centre Street, Pottsville, Pa.
PERRY COUNTY RR. — Duncannon to Landisburg, Pa., 22.6 m. ; total track (steel; 60
Ibs.), 23.35 miles. Gauge, 5 ft. 9 in. Chartered Feb. 4, 1887; road completed, June 1, 1892.
Locomotives, 3. Cars — passenger, 1 ; baggage, etc., 1 ; freight, 6 — total, 8. -
Operations, year ending June 30, 1902. — Trains run (mixed), 36,621 miles. Passengers car-
ried, 35,251. Tons freight moved, 19,017. Earnings (passenger, $10,258; freight, $11,674), $21,-
932. Operating expenses, $14,631. Net earnings, $7,301. Other expenses, $7,425. Deficit, $124.
General Balance Sheet, June 30, 1902. — Capital stock ($200,000 auth.; $50 shares), $97,-
900 ; funded debt, $125,000 ; current liabilities, $20,165 ; interest accrued, not due, $480 ; profit
and loss, $387 — total, $243,932. Contra : Cost of road and equipment, $225,274 ; materials, etc.,
$240 ; cash and current assets, $858 ; sundries, $17,560 — total, $243,932.
Funded Debt, June 30, 1902, consisted of $100,000 1st 6s of July, 1917, and $25,000 2d
6s of May, 1909.
Directors. — Charles H. Smiley, James Mcllhenny, H. C. Shearer, C. A. Barnett, H. E. Sheibly,
H. Welcomer, New Bloomfleld, Pa. ; Abraham Bower, Falling Springs, Pa. ; S. M. Lightner, D. B.
Milllken, Landisburg, Pa.; P. F. Duncan, George Pennell, Duncannon, Pa. OFFICEBS : CHARLES
H. SMILEY, Pres., New Bloomfleld, Pa. ; D. B. Milliken, 1st Vice-Pres., Landisburg, Pa. ; Wm. Mil-
ler, 2d Vice-Pres., York, Pa. ; James M. Barnett, Sec. ; A. R. Johnston, Treas., New Bloomfleld, Pa.
GENERAL OFFICE, New Bloomfleld, Pa.
PHILADELPHIA AND BRIGANTINE RR.— Brigantine June, to Brigantine Beach. N.
J., 13.9 m. ; total track (steel ; 60 Ibs.), 15.4 miles. Gauge, 4 ft. 8J in. Reorganization, March 19,
1896, of the Brigantine Beach RR., which was sold under foreclosure on June 27, 1895. (See
MANUAL for 1895, page 1375.) The company owns 1 locomotive and leases 1 passenger car.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $2,678 ; freight, $4,336 ; other,
$901), $7,915 ; other receipts, $128 — total, $8,043. Deductions: Operating expenses, $16,518 ; in-
terest on bonds, $2,500 ; taxes, $608 ; other charges, $50 — total, $19,676. Deficit, $11,633 ; deficit
forward, $54,679— total, $66,312.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($150,000 common and $150,000 pre-
ferred; $100 shares), $300,000 ; funded debt (1st 5s of May 1. 1919), $50,000 ; current liabilities,
$15,988; interest accrued, $5,317; taxes accrued, $551 — total, $371,856. Contra: Cost of road
and equipment, $303,123 ; treasury stock, $2,010 ; cash and current assets, $411 ; profit and loss,
$66,312 — total, $371,856.
Directors. — James B. Van Woert, Tunis G. Bergen, John D. Vermeule, Geo. M. Van Hoesen.
New York, N. Y. ; R. D. A. Parrott, Brigantine,. N. J. OFFICERS: C. P. VEDDER, Pres.; Tunis G.
Bergen, Vice-Pres.; James B. Van Woert, Treas., New York, N. Y. ; R. D. A. Parrott, Sec., Brigan-
tine, N. J. GENERAL OFFICE, Brigantine, N. J.
PHILADELPHIA BELT LINE RR. —Allegheny Ave. to Bridesburg, Philadelphia, Pa.:
2.66 m. ; branches, 1.14 m. ; trackage (see below), 2 m. — total operated, 5.8 m. ; total track (steel :
70 Ibs.), 6.35 miles. Gauge, 4 ft. Si in. Chartered May 10. 1889; completed as above in 1895.
From Callowhill St., south to Tasker St., on Delaware Ave., 2 m., the tracks of the River Front and
Pennsylvania RRs. are used under a traffic agreement made May 2, 1892. The road is projected
from a point in the Twenty-sixth ward, on the Schuylkill River, along the course of the latter to the
Delaware River, and thence northwardly to Tacony, with a branch along the Aramingo Canal to the
county line.
Operations, year ending June 30, 1902. — Gross earnings, $8,870. Operating expenses, $7,326.
Net earnings, $1,544. Payments : Dividends, $1,000 ; other deductions, $544 — total, $1,544.
190 POOR'S MANUAL OP RAILROADS — MIDDLE ATLANTIC GROUP.
General Balance Sheet, June 30, 1902.— Capital stock ($102,000 common; $98,000 pre-
ferred; $50 shares). $200,000; current liabilities. $19,286— total, $219,286. Contra: Cost of road
and equipment, $218,178; cash and current assets, $1,108 — total, $219,286.
The city of Philadelphia owns 51 p. c. of the capital stock (a gift to the municipality by the
stockholders), and It is held in trust for the city by the Commercial Exchange and the Philadelphia
Board of Trade. The stock Is held by the following named Board of Trustees : Samuel R. Shipley,
Richard Y. Cook, Beauveau Borie, Francis B. Reeves, Girard Trust Co. This disposition of the
Block was made In order that the road may be forever controlled in the interest of the trade and
commerce of the city.
Directors ( elected Jan. 12, 1903). — James Dobson, Charles H. Cramp, Walter P. Hagar, E. A.
Hancock, Win. H. Jenks, Calvin Pardee. Frank L. Neall, Francis B. Reeves, W. W. Justice, J. T.
Bailey, Philadelphia, Pa. OFFICERS : FRANCIS B. REEVES, Pres. ; W. F. Hagar, Vice-Prea. ; Johu
J. Curley, St-c. ; Richard Tull, Treoa. ; Ashbel Welch, Gen. ttgr. GENERAL OFFICE, 308 Walnut St.,
Philadelphia, Pa.
PITTSBURGH, ALLEGHENY AND McKEES BOCKS BB. — 52d St. and McCandless
Ave., Pittsburgh, Pa., to a point on P. & L. E. RR. at McKees Rocks, 1.5 m. ; trackage, 15.78 m. ;
total operated, 17.28 miles. Gauge, 4 ft. 8i in. Rails (steel), 67 Ibs. Chartered Sept. 25, 1899.
Consolidation of the North Shore Terminal, the Pittsburgh and Allegheny, and the McKees Rocka
RR. Co. Locomotives, 7. Cars — freight (box, 1; flat, 35; coal, 107), 143. Fifty of the coal cars
are leased.
Operations, year ending Dec. 31, 1902. — Tons freight moved, 1,458,799. Earnings (freight),
$109.339. Operating expenses, $96,209. Net earnings, $13,130 ; surplus forward, $10,371 — total,
$23,501.
General Balance Sheet, Dec. 31, 1902. — Capital stock paid in ($250,000 auth. ; $50 shares),
$75,000; current liabilities, $5,424; profit and loss, $23,501 — total, $103,925. Contra: Cost of
road and equipment, $88,706 ; cash and current assets, $15,219 — total, $103,925.
Directors (elected Jan. 27, 1903). — F. N. Hoffstot, New York, N. Y. ; J. W. Friend, S. E.
Moore, P. G. Jenks, J. V. Maher, G. E. Macklin, Pittsburgh, Pa. ; A. H. Larkin, Jersey City, N. J.
OFFICERS : F. N. HOFFSTOT, Pres., New York, N. Y. ; J. W. Friend, Vice-Prea. ; P. G. Jenks, Sec. &
Treat.; G. E. Macklin, Gen. Mgr.; S. E. Moore, Aud., Pittsburgh, Pa. GENERAL OFFICE, Pitts-
burgh, Pa.
PITTSBUBGH AND CASTLE SHANNON BB. — Pittsburgh to Arlington, Pa., 6.5 m. ,
total track (steel, 8.5 m. ; 50 and 60 Ibs.), 9.5 miles. Gauge, 3 ft. 4 in. Chartered Sept. 21, 1871;
road opened Nov. 1, 1871. Locomotives, 4. Cars — passenger, 5 ; baggage, etc., 4 ; freight, 448 —
total. 457.
Operations, year ending June 30, 1902. — Trains run (passenger, 108,700 ; freight, 10,316),
119,016 miles. Passengers carried, 1,155,826 ; carried one mile, 1.787,509. Tons freight moved,
105,440; ton-miles, 356,556. Earnings (passenger, $57,141; freight, $44,587; other, $6,832),
$108,560. Operating expenses, $77,654. Net earnings, $30,906. Deductions, $20,436. Surplus,
$10,470.
General Balance Sheet. June 30, 1902. — Capital stock ($50 shares), $481,400; funded debt
(1st 6s of Aug. 1, 190* ), $232,653; current liabilities, $76,104 — total, $790,157. Contra: Cost of
road and equipment, $412,137; lands owned, $180,112; other permanent investments, $27,360;
other assets, $7,876; sundries, $275; materials, etc., $1,050; cash and current assets, $10,956;
profit and loss, $150,391 — total, $790,157.
Directors (elected Feb. 17, 1903). — Frank N. Hoffstot, J. W. Friend, Charles W. Friend,
Theodore W. Friend, F. V. Matthews, W. C. Tuttle, C. L. Snowden, W. Shenk, W. Linford Smith, W.
H. Stouffer, Pittsburgh, Pa. OFFICERS: S. MCELROY, Pres.; J. W. Friend, Vice-Prea.; F. V. Mat-
thews, Sec.; E. J. Reamer, Treos. d Aest. Supt., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
PITTSBUBGH AND MOON BTJN BB. — Groveton to Moon Run, Pa., 5 m. ; total track
(steel ; 60 Ibs.), 7 miles. Gauge, 4 ft. 8J in. Chartered Feb. 10, 1891 ; road opened in 1892. Con-
trolled by the Pittsburgh Coal Co. Locomotive, 1. Cars (passenger), 1.
Operations, year ending June 30, 1902. — Passengers carried, 15,512; carried one mile, 67,-
861. Tons freight moved, 482,888; ton-miles, 2,368,034. Earnings (passenger, $2,439; freight,
$40,388), $42,827. Operating expenses, $24,810. Deductions, $6,113. Surplus, $11,904.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000; funded
debt (1st 6s of Jan. 1, 1912), $100,000; current liabilities, $2,694 ; profit and loss, $9,118 — total,
$211,812. Contra: Cost of road and equipment, $191,489; current accounts, $20,373 — total,
$211.812.
Directors. — J. D. Nicholson, W. R. Woodford, A. M. Neeper, G. W. Schluederberg, S. P. Wood-
side, Pittsburgh, Pa. OFFICERS : F. L. ROBBINS, Pres. ; W. R. Woodford, 1st Vice-Pres. ; J. D. Nich-
olson, 2d Vice-Prea. & Treoa. ; F. J. Le Moyne, Sec.; J. B. L. Hornberger, Aud., Pittsburgh Pa.
GENERAL OFFICE, 232 Fifth Ave., Pittsburgh. Pa.
PITTSBUBGH, JOHNSTOWN, EBENSBUBG AND EASTEBN BB.— Philipsburg to
Fernwood. Pa., 20.31 miles. Gauge, 4 ft. 8J in. Chartered Sept. 14, 1897. Locomotives, 3. Cars
— passenger, 4; freight (coal), 278; service, 2 — total, 284.
Operations, year ending June 30, 1902. — Trains run (passenger, 59,312; freight, 12,936),
72.248 miles. Passengers carried, 184,943 ; carried one mile, 576,652. Tons freight moved,
63,505; ton-miles, 317,461. Earnings (passenger, $23,972; freight, $10,029; other, $11,173),
$45,174. Operating expenses, $40,564. Net earnings, $4,610.
General Balance Sheet, June 30, 1902. — Capital stock ($1,500,000 auth.; $50 shares) $1 -
200.300; current liabilities, $3,907 — total, $1,204,207. Contra: Cost of road and equipment,
$1,119.465; materials, etc., $4,976; cash and current assets, $5,070; sinking fund $70086'
profit and loss, $4,610 — total, $1,204,207.
Directors. — Samuel P. Langdon. Joseph A. Baker, John F. Finney, S. B. McDowell. J. L. Leoan,
Philadelphia, Pa. ; Harrison Ball, Mahanoy City, Pa. ; Chas. E. Ovail, Auburn, Pa. OFFICERS :
SAMUF.L P. LANGDON, Prea.; J. F. Finney, Vice-Prea.; Geo. B. Thatcher, Sec.; Jas. E. Long, Treaa.;
G. F. Hall, Aud., Philadelphia, Pa. GENERAL OFFICE, Philadelphia, Pa.
POTJGHXEEPSIE AND EASTEBN BY.— Poughkeepsie to Boston Corners. N. Y. (in-
cluding 4.8 m. trackage), 39.79 m. ; total track owned (steel, 34.99 m.), 37.85 miles. Gauge, 4 ft. 8J
In. Rail, 65 and 67 Ibs. The track of the N., D. & C. RR., from Stissing to Pine Plains, N. Y., 4.8 m.
(Included above), Is used by this company, at a rental of $2,000 per annum. Chartered April 13,
1893, as successor to the N. Y. & Mass. Ry. Co. (See MANUAL for 1893, page 436.) The property
POOR'S MANUAL OF RAILROADS. 191
was placed In the hands of a receiver on June 17, 1898. Locomotives, 6. Cars — passenger, 11 ;
baggage, etc., 4; freight (box, 10; flat, 8; stock, 1; coal, 2), 21; service, 4 — total, 40.
Operations, year ending June 30, 1902. — Trains run (passenger, 87,845; freight, 26,195),
114,040 miles. Passengers carried, 67,986 ; carried one mile ; 935,419. Tons freight moved,
54,010; ton-miles, 1,018,039. Earnings (passenger, $23,318; freight, $15,393; other, $13,201),
$51,912. Operating expenses, $51,200. Net earnings, $712; other receipts, $2,046 — total, $2,758.
Paid taxes, $3,221. Deficit, $463 ; deficit forward, $433,002 — total, $433,465.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $500,000; funded
debt (1st 5s of Nov. 1, 1934), $500,000; current liabilities, $120,148 — total, $1,120,148. Contra:
Cost of road and equipment, $665,391 ; materials, etc., $1,071 ; cash and current assets, $20,222 ;
profit and loss, $433,464 — total, $1,120,148.
Directors (elected Oct. 9, 1902). — Russell Sage, J. J. Slocum, J. P. Munn, C. W. Osborne, E.
C. Osborne, E. C. M. Rand, New York, N. Y. ; J. B. Dutcher, Pawling, N. Y. ; L. H. Vail, G. H.
Sherman, Poughkeepsie, N. Y. OFFICERS : J. J. SLOCUM, Receiver & Treas.; RUSSELL SAGE, Pres.;
C. W. Osborne, Vice-Pres. ; E. C. Osborne, Sec., New York, N. Y. ; J. H. Queal, Aud., Poughkeepsie,
N. Y. GENERAL OFFICE, Poughkeepsie, N. Y.
QUAKERTOWN AND EASTERN RR. — Quakertown to Riegelsville, Pa., 15 m. ; total
track, 17 miles. Gauge, 4 ft. 8i In. Chartered July 6, 1896 ; road opened to Springtown, 9.4 m.,
on Aug. 18, 1898; extension to Durham, 3 m., opened Oct. 16, 1899, and completed to Riegelsville In
1901. Locomotive, 1. Passenger car, 1.
Operations, year ending June 30, 1902.— Trains run (passenger), 17,790. Passengers car-
ried, 17,264. Tons freight moved, 96,437. Earnings (passenger, $3,378; freight, $21,820), $25,-
198. Operating expenses, $18,413. Net earnings, $6,785. Deductions, $11,122. Deficit, $4,337.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $180,000; funded debt
(gold 5s of Jan. 1, 1927), $180,000; current liabilities, $22,437; accrued interest, $4,225; profit
and loss, $4,337 — total, $390,999. Contra : Cost of road and equipment, $379,690 ; lands owned,
$1,345 ; cash and current assets, $9,789 ; materials, etc., $175 — total, $390,999.
Directors. — John Jameson, Henry H. Souder, Quakertown, Pa. ; James H. Shelly, David A.
Fluck, Richlandtown, Pa. ; John J. Ott, Pleasant Valley, Pa. ; H. S. Funk, H. S. Mill, Springtown,
Pa. OFFICERS : JOHN JAMESON, Pres., Quakertown, Pa. ; James H. Shelly, Treas., Richlandtown,
Pa. ; Henry S. Funk, Sec., Springtown, Pa. ; Edwin B. Clark, Aud. ; A. F. Baker, Gen. Mgr.,
Quakertown, Pa. GENERAL OFFICE, Quakertown, Pa.
QUEEN ANNE'S RR. — Queenstown, Md., to Lewes, Del., 60 m. ; total track (steel; 60
IDS.), 66.5 miles. Gauge, 4 ft. 8J in. Chartered in Maryland in 1894; in Delaware in 1895.
Road opened as above on March 1, 1898. This company uses, under a traffic agreement, the tracks
of the Pennsylvania RR. from Lewes to Rehoboth Beach, 5 miles. Locomotives, 3. Cars — passen-
ger, 6; baggage, etc., 6; freight (box, 35; flat, 4), 39 — total, 51. Of the box cars, 25 are held
under car trusts.
Operations, year ending June 30, 1902. — Earnings (passenger, $105,735; freight, $52,406;
other, $3,568), $161,709. Operating expenses, $142,299. Net earnings, $19,410; other receipts.
$24 — total, $19,434. Total • deductions, $33,496. Deficit, $14,062.
General Balance Sheet, June 30, 1898 (latest rendered). — Capital stock paid in ($12,000
per mile auth.; $100 shares), $732,000; funded debt (5s of 1945), $732,000; current liabilities,
$7,570; profit and loss, $12 — total, $1,471,582. Contra: Cost of road, $1,425,000; equipment,
$39,000 ; materials, etc., $520 ; cash and current assets, $7,062 — total, $1,471,582.
Directors.— W. M. Oler, H. C. Matthews, John S. Gibbs, Jno. S. Gittings, Jordan Stabler, Frank
Ehlen, Basil B. Gordon, D. Ambach, Baltimore, Md. ; John F. Saulsbury, L. L. Layton, H. R. Burton,
P. L. Cannon, Lewes, Del. OFFICERS : WM. H. BOSLEY, Pres. ; John S. Gittings, Vice-Pres. ; Robt.
W. Smith, Treas. ; A. H. Taylor, Sec., Baltimore, Md. ; J. Hennaman, Aud. & Supt., Kent Island,
Md. GENERAL OFFICE, Kent Island, Md.
RARITAN RIVER RR.— South Amboy to New Brunswick, N. J., 12.63 m. ; sundry spurs
and branches, 7.02 m. — total, 19.65 miles; trackage (Such's Branch), Main Line to Such's
Works, 0.53 mile. Total track (steel; 60 IDS.), 26.10 miles. Gauge, 4 ft. 8J in. Chartered April
20, 1888 ; main line opened throughout in July, 1890 ; branches in 1889 to 1902. Locomotives, 5.
Cars — passenger, 4; combination, 2; freight (flat and gondola), 56; service, 2 — total, 64.
Operations, year ending June 30, 1902. — Trains run (passenger, 30,048; freight, 16,683),
46,731 miles. Passengers carried, 103,497 ; carried one mile, 644,927. Tons freight moved, 254,-
570. Earnings (passenger, $5,696; freight, $79,775; other, $7,978), $93,449. Operating ex-
penses, $53,610. Net earnings, $39,839. Payments : Interest on bonds, $19,100 ; other interest,
$1,100 ; taxes, $2,138 — total, $22,338. Surplus, $17,501 ; deficit forward, $3,883 — net surplus,
$13,618.
General Balance Sheet, June 30, 1902. — Capital stock ($1,000,000 auth.; $100 shares),
$382,000; funded debt (1st 5s of Jan. 1, 1939; $400,000 auth.), $382,000; floating debt, $9,844;
current liabilities, $16,161; interest accrued, not due, $9,550; profit and loss, $13,618 — total,
$813,173. Contra: Cost of road and equipment, $789,495; materials, etc., $4,012; cash and
current assets, $19,666 — total, $813,173. Additional capital stock to the amount of $18,000 was
issued and sold in Dec., 1902.
Directors (elected Feb. 10, 1903). — Frank H. Earle, Wm. O. Bumsted, E. W. Harrison, Wm.
D. Edwards, Geo. T. Smith, Willard C. Fisk, Frederick Dunham, C. H. Sisson, Jas. P. Northrop, J. E.
Hulshizer, Wm. H. Corbin, Jersey City, N. J. ; Edward H. Ripley, C. H. White. New York, N. Y.
OFFICERS: FRANK H. EARLE, Pres.; Wm. G. Bumsted, Vice-Pres. & Treas.; C. H. Sisson, Sec.,
Jersey City, N. J. ; Frank Hoffman, Supt., South Amboy, N. J. GENERAL OFFICE, 15-21 Exchange
Place, Jersey City, N. J.
REYNOLDSVTLLE AND FALLS CREEK RR. — Falls Creek to Soldier's Run, Pa.,
10.37 m. ; Rochester Mine to London Mine, Pa., 1.14 m. ; Soldier's Run June, to Bloomington Mine,
Pa., 3.23 m. ; Rathmel to Henry Mine, Pa., 0.58 m. ; Falls Creek June, to Rochester Mine, Pa.,
0.92 m. ; Rathmel to Maplewood, 0.22 m. ; Rathmel to Virginia, 1 m. ; Rathmel to Rathmel Mine,
0.34 m. ; Reynofdsville to Hopkins, Pa., 2.92 m. ; Hopkins June, to Wishaw, 2.4 m. — total, 23.12
m. ; total track (steel ; 60 and 80 IDS.), 39.81 miles. Gauge, 4 ft. 8J in. Consolidation, Jan. 11.
1897, of the Reynoldsville and Falls Creek RR. and the Falls Creek RR. (See MANUAL for 1899,
page 236.) Locomotives, 5. Service cars, 10.
Operations, year ending June 30, 1902. — Trains run (freight, 37,790; other, 38,930), 76,720
miles. Tons freight moved, 2,076,431; ton-miles, 13,678,128. Earnings (freight, $168,620:
other, $1,024), $169,644. Operating expenses, $104,251. Net earnings, $65,393. Payments: In-
192 POOR'S MANUAL OF RAILROADS MIDDLE ATLANTIC GROUP.
terwrt on bondn. $10.200; taxes. $1.200; dividends (20 p. c.). $40.000— total. $51,400. Surplus,
$13.993; surplus forward. $84.034— total. $98.027. , .oo^nnn ,,t>, • «nn «h«rPs> $200-
Oeneral Balance Sheet, June 30. 1902.— Capital stock ($330 000 auth $50 « -). $200j
000; funded debt (1st (is of Jan. 1, 1911). $170,000; current liabilities, $6,267 , into
not due. $6.100; profit and loss. $98,027— total. $479.394. Contra: Cost of road and equipment.
$395.652; materials, etc.. $1.114; cash and current assets. $112.62S -total, *4^»,oJ .
Directors (elected Jan. 22. 1903).— Arthur O. Yates. Rochester N. Y. . Adrian '^ «••"•'
Ernwt Iselln. J. H. Hocart. C. O'D. Iselin. Walter G. Oakman New York, N. Y ; John Q. Whi more.
Itldgwmy. Pa. ; B. M. Clark. Brookville. Pa. ; J. S. Hammond John Reed, F. H. Beck F. M Brown.
Reynolds vllle. Pa. OFFICERS : Lucius W. ROBINSON, Pres., Punxs utawney^ Pa. , A rthur O. ( Yates,
Vu-e-Pre«.; John F. Dinkey. Treos. <£ Aud., Rochester. N. Y. ; John G. Whltmore. Sec., R ay.
Pa. QKNKHAL OFFICK, Reynoldsvllle, Pa.
RockMray Galley SRR..' the Ro'ckaway Val'ley Mfg. and Construction Co., and the Mendham and
Morristown Extension RR. Cos., which were sold under foreclosure on July 15, ll.WO,
for 1899 page 237.) Locomotives, 2. Cars — passenger, 2; freight (flat), 10.
,i. 1902,-Capltal stock paid In. $125.000; funded debt (no de-
tails obtainable), $125,000. Contra: Cost of road and equipment, $314,316.
Directors. — Not reported. OFFICERS: CHAS. L. JACOBUS, Pres.; Louis E. Spencer, sec. &
Treas. t New York, N. Y. NEW YORK OFFICE, 37 Wall Street.
SCHOHARIE VALLEY BY. — Schoharie to Schoharie Junction, N. Y., 4.38 m. ; total
track (.steel, 4.38 m.), 5.18 miles. Gauge, 4 ft. 8 In. Rail, 60 Ibs. Organized as Schoharie Valley
Ry. Co. June 15, 1865. Road opened Oct. 1, 1866; sold under foreclosure April 6, 1874; reor-
ganized April 1. 1880. Locomotive. 1. Cars — passenger (leased, 1), 2.
Operations, year ending June 30, 1902. — Trains run (mixed), 8.225 miles. Passengers car-
ried, 17,536; carried one mile, 76,807. Tons freight moved, 17,199; ton-miles, 75,371. Earnings
(passenger, $4,384; freight, $8,600; other, $954), $13,938. Operating expenses, $5,907. Net
earnings, $8,031. Payments : Interest on bonds, $1,950 ; taxes, $558 ; sinking fund, $1.050 ; divi-
dend (3 p. c.), $3,000 — total, $6,558. Surplus, $1.473; less sundry charges, $62 — net surplus,
June 30. 1902, $1,410. Deficit to June 30, 1901, $34,594 ; charged to construction for items pre-
viously charged to operating expenses.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000; funded
debt (1st 5s of Jan. 1, 1930, $40,000 auth.), $38,000 ; sinking fund, $2,000 ; profit and loss, $1,410
— total $141,410. Contra: Cost of road and equipment, $140,000; cash and current assets,
$1,410— total, $141,410.
Directors. — David B. Vroman, Charles Vroman, Cornelius P. Vroman, W. J. Vroman, Arthur
H. Woods, D. J. Vroman, Edward E. Vroman, Schoharie, N. Y. OFFICERS : CHAS. VROMAN, Pres. &
Gen. Mgr.; C. P. Vroman, 2d Vice-Pres.; W. J. Vroman, Sec.; Arthur H. Woods, Treas. & O. P. &
F. A., Schoharie, N. Y. GENERAL OFFICE, Schoharie, N. Y.
SCOTTDAU3 CONNECTING- BB. — East Scottdale to Everson, Pa., 1 m. ; total track. 2.5
miles. Gauge, 4 ft. 9 in. Organized Sept. 16, 1897 ; road opened April, 1899. Locomotives
(owned, 1; leased 2), 3.
Operations, year ending June 30, 1902. — Tons freight moved, 105,697 ; ton-miles, 105,697.
Earnings (freight), $14,444. Operating expenses, $14,468. Deficit, $24 ; deficit forward, $5,121 —
total, $5,145.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $10,000; current lia-
bilities, $14,362 — total, $24,362. Contra: Materials, etc., $1,837; cash and current assets, $17,-
380 ; profit and loss, $5,145 — total, $24,362.
Directors (elected Jan. 10, 1903). — A. C. Overboil, J. D. Hill. B. F. Overholt, W. R. Hill, A.
8. R. Overholt, Scottdale, Pa. ; Ralph Overholt, Pittsburgh, Pa. OFFICERS : B. F. OVEUHOLT, Pres. ;
A. C. Overholt, Vice-Pres.; J. D. Hill, Treas.; W. R. Hill, Sec., Scottdale, Pa.; Ralph Overholt,
Gen. Mgr., Pittsburgh, Pa. GENERAL OFFICE, Scottdale, Pa.
SCRANTON AND SPBING BROOK BB.— Moosic to Round Hole, Pa., 6 m. ; Round
Hole to Quarry, Pa., 2 m. — total, 8 miles. Gauge, 4 ft. 8J in. Rail (steel, 6 m.), 50 Ibs. Char-
tered Aug. 31, 1897; road opened same year. Locomotives, 2. Cars — passenger (leased), 1;
freight (flat), 8 — total, 9.
Operations, year ending June 30, 1902. — Earnings (freight), $7,217. Operating expenses.
$7,304 ; taxes, $319 ; other charges, $500 — total, $8,123. Deficit, $906 ; deficit forward, $1,596 —
total, $2,502.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $25,000; current lia-
bilities, $22,547 — total, $47,547. Contra : Cost of road and equipment, $43,242 ; Investments,
$976 ; cash and current assets, $827 ; profit and loss, $2,502 — total, $47,547
Directors. — L. A. Watres, C. D. Simpson, T. H. Watkins, H. P. Simpson, H. A. Knapp, Robert
C. Adams, Scranton, Pa. OFFICERS : L. A. WATRES, Pres., Scranton, Pa. ; S. H. Hicks. Asst. Trcas.,
Wllkesbarre, Pa. GENERAL OFFICE, Scranton, Pa.
SHEFFIELD AND TIONESTA BY. — Sheffield to Ross Run, Pa., 29 m. ; leased (Tionesta
Valley and Hickory RR., Ross Run to Nebraska, Pa.), 5 m. — total, 34 miles. Rail (steel), 60 to 70
Ibs. Gauge, 4 ft. 8$ in. Chartered Jan. 6, 1900, and built the line from Sheffield to Kellittvllle,
Pa.. 24 miles. Absorbed the Tionesta Valley and Salmon Creek Ry., from Kellittville to Ross Run,
Pa., 6 miles, on June 1, 1901, and on the same date leased the Tionesta Valley and Hickory RR.
Locomotives, 3. Cars (passenger, 2; baggage, etc., 1; flat, 32; logging, 4), 39.
RAILROAD LEASED BY THE S. & T. RY. Co.
TloneMa Valley and Hickory RR. —
Nebraska to Ross Run, 5 miles. Rail (steel), 52
and 62 Ibs.
Organized March 26, 1892. Leased to the Shef-
field and Tionesta Valley Ry. Co., June 1, 1901,
the consideration being an agreement on the
lessee's part to keep the road In repair during the
term of the contract.
Balance Sheet, June 30, 1902. — Capital stock
($50,000 auth.; $50 shares), $33,000; profit and
loss, $2,154 — total, $35,154. Contra: Cost of road,
etc., $33,000; cash and current assets, $2,154 —
total, $35,154.
Truman D. Collins, Pres., Nebraska, Pa. ; Geo.
F. \Vatson, Vice-Pres. ; Leon Watson, Sec. &
Treas., Kelllttvllle, Pa. Office, Kelllttvilte, Pa.
POOR'S MANUAL OF RAILROADS. 193
Operations, year ending June 30, 1902. — Trains run (passenger, 26,500; freight, 18,700),
45,200 miles. Passengers carried, 5,193 ; carried one mile, 72,705. Tons freight moved, 85,967 ;
ton-miles, 1,719,354. Earnings (passenger, $3,272; freight, $30,088), $33,360. Operating ex-
penses, $35,768 ; other deductions, $2,488 — total, $38,256. Deficit, $4,896.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $150,000; current lia-
bilities, $61,521 — total, $211,521. Contra : Cost of road and equipment, $206,625 ; profit and loss,
$4,896 — total, $211,521.
Directors (S. & T. Ry.). — T. D. Collins, Mary S. Collins, Nebraska, Pa.; E. S. Collins, Os-
trander, Wash. ; Leon Watson, Kellittville, Pa. ; Orion Siggins, West Hickory, Pa. OFFICERS : T.
D. COLLINS, Pres.; Mary S. Collins, Vice-Pres., Nebraska, Pa.; Leon Watson, Sec. & Treas., Kel-
littville, Pa. GENERAL OFFICE, Kellittville, Pa.
SILVER LAKE BY.— Perry to Silver Springs, N. Y., 6.86 m. ; total track (steel, 6.86 m.),
7.61 miles. Rail — iron, 56 Ibs. ; steel, 60 Ibs. Gauge, 4 ft. 8J in. (For history, see MANUAL for
1888). Locomotives, 2. Cars — passenger, 3; baggage, etc., 1; freight (box, 20; coal, 615), 635 —
total, 639.
Operations, year ending June 30, 1902. — Trains run (passenger, 21,910; freight, 3,756), 25,-
660 miles. Passengers carried, 48,723 ; carried one mile, 194,892. Tons freight moved, 170,227 ;
ton-miles, 1,021,362. Earnings (passenger, $10,438; freight, $19,127; other, $37,763), $67,328.
Operating expenses, $38,158. Net earnings, $29,170. Payments: Interest on bonds, 42,350;
taxes, $1,458 — total, $3,808. Surplus, $25,362 ; surplus forward ($303,770 ; less deductions dur-
ing year, $49,294), $254,476. Surplus June 30, 1902, $279,838.
General Balance Sheet, June 30, 1902. — Capital stock ($500,000 auth. ; $100 shares),
$120,000; funded debt, $28,000; current liabilities, $41,148; profit and loss, $279,838 — total,
$468,986. Contra : Cost of road and equipment, $354,427 ; materials, etc., $253 ; cash and cur-
rent assets, $114,306 — total, $468,986.
Funded Debt.— June 30, 1902, consisted of $20,000 ($68,000 auth.) 1st 5s of July 3, 1903;
and $8,000 ($40,000 auth.) car trust bonds of Jan. 1, 1903.
Directors. — Arthur G. Yates, F. W. Yates, Geo. E. Merchant, J. F. Dinkey, R. W. Davis. Geo.
W. White, Geo. L. Eaton, Walter J. Howard, Rochester, N. Y. ; Harry Yates, Cyrus H. Policy,
Buffalo, N. Y. ; W. D. Page, M. H. Olin, C. A. Carmlchael, Perry, N. Y. OFFICERS : HARRY YATES,
Pres.; F. W. Yates, Vice-Pres.; Geo. L. Eaton, Treas.; C. H. Stallknight, Sec., Rochester, N. Y.
GENERAL OFFICE, 1 Elwood Building, Rochester, N. Y.
SKANEATELES KB. — Skaneateles Junction (N. Y. C. & H. R. RR.) to Skaneateles, N. Y.,
5 m. ; total track (steel, 5 m.), 6 miles. Gauge, 4 ft. 81 in. Rail — iron, 60 Ibs.; steel, 60 Ibs.
Incorp., April 17, 1866 ; road opened Oct. 1, 1867. The company owns a steamboat line on
Skaneateles Lake, and has a traffic contract with the N. Y. C. & H. R. RR. Co., whereby that com-
pany's cars are run over this road to connect with the steamboat line. Locomotives, 2. Cars — pas-
senger, 3; baggage, etc., 1; freight (box), 2 — total, 6.
Operations, year ending June 30, 1902. — Trains run (passenger, 21,590; freight, 14,640),
36,230 miles. Passengers carried, 40,660 ; carried one mile, 172,805. Tons freight moved, 55,-
024; ton-miles, 178,828. Earnings (passenger, $7,684; freight, $22,333; other, $2,706), $32,-
723. Operating expenses, $25,375. Net earnings, $7,348 ; other receipts, $578 — total, $7,926.
Payments: Interest on bonds, $5,000; taxes, $1,074; dividends (2 p. c.), $2,000 — total, $8,074.
Deficit, $148. Surplus forward, $6,816. Insurance received, $4,689. Total surplus June 30, 1902,
$11,357.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000; funded
debt (1st gold 5s of Aug. 1, 1918), $100,000; loans and bills payable, $546; interest accrued,
$2,083; other liabilities, $37; profit and loss, $11,357— total, $214,023. Contra: Cost of road
and equipment, $202,083 ; materials, etc., $583 ; cash and current assets, $11,357 — total, $214,023.
Directors. — W. K. Niver, Edward S. Teftt, Syracuse, N. Y. ; H. C. Du Val, New York, N. Y. ;
Edgar Van Etten, Boston, Mass. ; John E. Waller, Frederick Roosevelt, J. McNamara, Skanea-
teles, N. Y. OFFICERS : W. K. NIVER, Pres. & Treas., Syracuse, N. Y. ; George Barrow, Sec. ; 3. Mc-
Namara, Gen. Mgr., Skaneateles, N. Y. GENERAL OFFICE, Skaneateles, N. Y.
SLATE BUN BB. — Slate Run to North Bend, Pa., 15 miles. Rail (steel), 30 Ibs. Gauge,
3 ft. Incorp. Dec. 17, 1885 (charter dated Dec. 9, 1884) ; road opened July, 1886. Locomotives, 2.
Cars— freight (flat). 56.
Operations, year ending June 30, 1902. — Trains run (freight), 8,400 miles. Tons freight
moved, 68,038; ton-miles, 1,020,570. Gross earnings (freight), $28,114; other receipts, $463 —
total, $28,577. Operating expenses, $53,406 ; taxes, $391 — total, $53,797. Deficit, $25,220 ;
deficit forward, $29.920 — total, $55.140.
O-eneral Balance Sheet, June 30, 1902. — Capital stock ($160,000 auth. ; $100 shares), $81,-
000; current liabilities, $66,237 — total, $147,237. Contra: Cost of roafl and equipment, $81,000;
current accounts, $11,097 ; profit and loss, $55,140 — total, $147,237.
Directors. — Wm. H. Jessup, Wm. H. Jessup, Jr., H. C. Jessup, H. E. Hand, Scranton, Pa. ;
James B. Weed, Binghamton, N. Y. ; Wm. S. Hill. New York, N. Y. OFFICERS : JAMES B. WEED,
Pres.; F. M. Weed, Vice-Pres. & Treas.; F. D. Weed, Sec.; Lewis M. Weed, Gen. Mgr., Binghamton,
N. Y. GENERAL OFFICE, Binghamton, N. Y.
SOUTH BBOOKLYN BY. — Length of main line, in Brooklyn, N. Y., 1 m. ; second track, 1
m. ; total track (steel ; 65 and 67 Ibs.), 2 miles Gauge, 4 ft. 81 in. Organized Jan. 13, 1900, and
acquired the railroad franchises and property of the South Brooklyn RR. and Terminal Co. (see
MANUAL for 1899, page 238), sold under foreclosure, The main line extends from near the foot of
38th St., Brooklyn, on a line parallel with 38th St. (on the company's property), to a junction of
38th St. and 9th Ave. In Feb., 1902, the property was purchased by the Brooklyn Rapid Transit Co.
Operations, year ending June 30, 1902. — Earnings, $4,620 ; rental of buildings and property,
$10,563 — total receipts, $15,183. Operating expenses. $6,077; interest on real estate mtges.,
$2,621 ; taxes, $5,674 — total, $14,372. Surplus, $811. Deficit forward. $4,656. Credit for ad-
justment of account " bills payable," $10,000. Net surplus, June 30, 1902, $6,155.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $150,000; real
estate mortgages, $296,640 ; loans and bills payable, $50,000 ; interest accrued, $2,109 ; • taxes
accrued, $2,827 ; profit and loss, $6,155 — total, $507,731. Contra : Cost of road and equipment,
$503,506 ; cash and current assets, $4,225 — total, $507,731.
Directors. — E. W. Winter, Henry Seibert, D. H. Valentine, H. C. Du Val, W C Bryant
J. L. Wells, T. S. Williams, C. D. Meneely. OFFICERS: E. W. WINTKB, Pres.; T. S. Williams
194 POOR'S MANUAL or RAILROADS — MIDDLE ATLANTIC GROUP.
rice-Prea.; C. D. Meneely. 8«c. 4 Treat., Brooklyn. N. Y. GENERAL OFFICE, 168 Montague St..
Brooklyn. N. V.
SOUTH BRANCH BB.— South Branch June, to Jury, Pa., 5.67 m; trackage
RR.. South Branch June., to Mount Jewett, Pa.). 2.33 m.— total track. 9.20 miles. Organized May
7.1897. Locomotive*, 2. Care— passenger. 1 ; freight. 53— total. 54.
Operations, year ending June 30. 1902.— Tons freight moved. 30,302; ton-miles, 242,416.
Earnings (passenger. $623; freight, $8.579). $9.202. Operating expenses, $6,239. Net earnings.
$2,963. Deductions, $379. Surplus. $2.584 ; surplus forward, $13.811— total. fl6.3f
General Balance Sheet. June 30. 1902.— Capital stock. $60,000 ; current liabilities, $597 .
profit and loss. $16,395 — total, $76,992. Contra : Cost of road and equipment, $60,000 ; cash and
current assets. $16.992— total. $76.992.
Directors.— Herbert C. Rich. Horace C. Rich. L. G. Wilson. W. V. Andrews, C. R. Rich, F. F.
Hinman. E. E. Keith. Granere. Pa. OFFICERS: HERBERT C. RICH, Pros.; Horace C. Rich, Vtce-
Pres. d 0«i». Mgr.; W. F. Andrews, Bee.; L. G. Wilson, Treat; E. E. Keith, Awl., Granere, Pa.
GENERAL OFFICE, Granere, Pa.
SOUTH BUFFALO BB. — West Seneca to Buffalo. N. Y., 6.8 miles. Gauge, 4 ft. 81 In.
Rail (steel), 80 Ibs. Chartered April 25, 1899. Commenced operations July 1, 1902. Loco-
motives, 6. •
General Balance Sheet, June 30. 1902. — Capital stock ($100 shares). $500,000; current
liabilities, $150,000 — total, $650,000. Contra : Cost of road and equipment, $638,950 ; cash on
hand, $11,050 — total, $650,000.
Directors. — Walter Scranton, East Orange, N. J. ; Moses Taylor, Mt. Kisco, N. Y. ; Henry R.
Taylor, J. P. Higginson, F. F. Graham, New York, N. Y. ; J. J. Albright, Edmund Hayes. John G.
Mllburn, Henry Wehrum, Buffalo, N. Y. OFFICERS: WALTER SCRANTON, Pres.; Moses Taylor,
Vice-Pres.; J. W. Farquhar, Sec.; J. P. Higginson, Treas. ; S. B. Cox, Asst. See.; F. F. Gra-
ham Asst. Treas., New York, N. Y. ; Henry Wehrum, Gen. ttgr., Buffalo, N. Y. GENERAL OFFICE,
West Seneca, N. Y. New York City Office, 100 Broadway.
SOUTH SHOBE BB. — Projected : Borough of Esplen, Pa., to 30th St., Pittsburgh, Pa., 4.87
miles. Completed up to June 30, 1902, 1.50 mile& Gauge. 4 ft. 81 in. Rail (steel), 85 Ibs. Or-
ganized Sept. 14, 1892. Locomotives, 2. Cars (flat, freight), 6.
Operations, year ending June 30, 1902. — Tons freight moved, 290,632. Earnings (freight),
$24,919. Operating expenses, $24,631. Net earnings, $288. Surplus forward, $14,754 ; total,
$15,042.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $10,OOO ; current lia-
bilities, $15,241 ; profit and loss, $15,042 — total, $40,283. Contra : Cost of road and equipment,
$36 496 ; cash and current assets, $3,787 — total, $4O,283.
Directors. — J. W. Friend, T. W. Friend, Pittsburgh, Pa. ; F. N. Hoffstot, New York. N. Y.
OFFICERS : J. W. FRIEND, Pres., Allegheny, Pa. ; F. N. Hoffstot, Sec., Treas. d Supt.; T. W. Friend,
Awl., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
STERLING MOUNTAIN BY. — Sterlington to Lakeville. N. Y., 7.6 m. ; total track
(steel, 7.45 m.), 8.6 miles. Gauge, 4 ft. 81 in. Rail — iron, 56 Ibs. ; steel, 60 Ibs. Chartered May
18, 1864 ; road opened Nov. 1, 1866. This company's business consists in carrying the products and
supplies of the Sterling Iron and Ry. Co., the latter company owning all its capital stock except
shares required to qualify its directors. Locomotives, 2. Cars — freight, 1; service (1 leased), 2.
Operations, year ending June 30, 1902. — Trains run (mixed), 7,859 miles. Passengers car-
ried, 851 ; carried one mile, 6,199. Tons freight moved, 49,880 ; ton-miles, 377,620. Earnings
(passenger. $202; freight, $7,480), $7,682. Operating expenses, $7,283. Net earnings, $399;
other receipts, $225 — total, $624. Paid: Taxes, $790. Deficit, $166; deficit forward, $142,709 —
total, $142,875.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $80,000; funded debt
(Income 7s of May 2, 1881, due date not reported), $475,674; current liabilities, $100,905; inter-
est accrued, $180 — total, $656.759. Contra : Cost of road and equipment, $513,884 ; profit and
loss, $142,875 — total, $656.759.
Directors. — James Day Rowland, Jay Cooke, Jr., W. H. Hollis. Jas. P. Scott, Philadelphia, Pa. ;
Geo. F. Maxwell, Peter T. Barlow, Macgrane Coxe, New York, N. Y. ; Benj. Moffatt, Sr., B. Moffatt.
Jr.. Sterlington, N. Y. OFFICERS: JAMES DAY ROWLAND, Pres.; Jay Cooke, Jr., Sec.; Benj. Mof-
fatt, Jr., Treas. & Supt., Sterlington, N. Y. GENERAL OFFICE, Sterlington, N. Y.
STEWABTSTOWN BB. — New Freedom to Stewartstown, Pa., 7.2 m. ; total track (steel;
66 Ibs.), 8.45 miles. Gauge, 4 ft. 81 In. Chartered Sept., 1884 ; road opened Sept. 12, 1885. Loco-
motive, 1. Cars — passenger, 2 ; flat, 1 — total, 3.
Operations, year ending June 30, 1902. — Passengers carried, 16,930. Tons freight moved,
17,265. Earnings (passenger, $2,694: freight, $9.336; other, $1,055), $13,085. Operating ex-
penses, $12,435. Net earnings, $650. Payments: Taxes, $910 ; dividends (2 p. c.), $1,400 ; other
charges. $2.500 — total. $4,810. Deficit, $4,160 ; surplus forward, $3,462 — net deficit, $698.
General Balance Sheet, June 30, 1902. — Capital stock ($100,000 auth.), $70,000; current
liabilities, $698 ; profit and loss. $35,376 — total, $106,074. Contra : Cost of road and equipment,
$105,421 ; real estate, $353 ; materials, etc., $300 — total, $106,074.
Directors.— (elected Jan. 12, 1903).— Jacob Yost. W. H. Fulton, Wm. Hammill, A. G. Bowman,
J. A. Johnson, A. T. Grove. W. J. P. Gemmill, C. W. Shaw, Stewartstown, Pa. ; M. W. Bahn, York,
Pa. ; J. Y. Keeney, Shrewsbury, Pa. ; John C. Wiley, Gatchellville, Pa. ; F. P. Whitcroft. Baltimore,
Md. OFFICERS : J. W. ANDERSON, Pres., Stewartstown, Pa. ; M. W. Bahn, Vice-Pres. & Gen Mgr.,
York, Pa.; Thos. B. Fulton, Treas.; \. G. Bowman, Sec.; C. W. Shaw, And., Stewartstown, Pa.
GENERAL OFFICE, Stewartstown, Pa.
8U8QUEHANNA AND BUFFALO BB. — Cook Run, Pa., to Foot of Plane. 1.5 m. ; total
track (steel; 60 Ibs.), 2.5 miles. Gauge, 4 ft. 81 in. Organized Sept. 22, 1891; road opened in
June, 1888. Locomotives, 2.
Operations, year ending June 30, 1902. — Earnings (freight, $7,893; other, $100), $7,993.
Operating expenses, $8,623. Deficit, $630 ; deficit forward, $5,915 — total, $6,545.
General Balance Sheet, June 30, 1902. — Capital stock ($180,000 auth.; $50 shares), $144.-
000; current liabilities, $28,728; miscellaneous, $6,136 — total, $178,864. Contra: Cost of road
and equipment, $46,362; due on capital stock, $123,840; cash and current assets, $2,117; profit
and loss. $6,645 — total, $178,864.
Directors (elected Sept. 13. 1902). — J. Henry Cochran, G. D. Tinsman, Jos. W. Cochran, Gar-
POOR S MANUAL OF RAILROADS. 195
ret Cochran, Wm. H. Tinsman, Frank Parsons, H. H. Blair, Williamsport, Pa. ; G. L. Miller, West-
port, Pa. OFFICERS : J. HENRY COCHHAN, Pres., Williamsport, Pa. ; G. L. Miller, Vice-Pres., West-
port, Pa. ; John S. Brown, Treas.; Garret D. Tinsman, Sec., Williamsport, Pa. GENERAL OFFICE,
Williamsport, Pa.
SUSQTJEHANNA AND NEW YORK RR. — Projected : Towanda, Pa., to Binghamton,
N. Y., 50 m. ; Powell to Ansonia, Pa., 75 m. — total, 125 miles. In operation, March 15, 1903 :
Towanda to Ralston, Pa., 42.73 m. ; Ralston to McCrackens, Pa., 18.73 m. — total, 61.46 m. ; total
track (steel; 60 to 80 Ibs), 70.21 miles. Gauge, 4 ft. 8J in. Consolidation, May 24, 1902, of the
Barclay RR. Co. (see MANUAL for 1902, page 167) and the Binghamton, Towanda and Western RR.
Co. The road is under construction and is expected to be completed in the summer of 1903. Loco-
motives, 7. Cars — passenger, 3 ; baggage, etc., 2 ; freight ( box, 5 ; flat, 145 ; logging, 25 ; gon-
dola, 21), 196; service, 3 — total, 204.
Operations, 6 months ending Dec. 31, 1902 (16 miles operated). — Gross receipts, $29,305;
operating expenses and taxes, $15,814 ; net earnings, $13,491.
Financial Statement, Dec. 31, 1902. — Capital stock authorized ($100 shares) $2,200,000;
paid up, $1,250,000. P"unded debt authorized, $2,000,000 ; no bonds yet issued.
Directors. — J. A. Hill, Powell, Pa. ; C. S. Horton, A. E. Botchford, A. T. Thomp*n, C. B. Farr,
Williamsport, Pa. ; F. H. Goodyear, Buffalo, N. Y. ; E. C. Hoyt, A. A. Healey, J. J. Lapham, Eugene
Horton, M. F. Hammond, L. H. Lapham, New York, N. Y. OFFICERS : C. S. HORTON, Pres. £ Gen.
tfgr., Williamsport, Pa.; E. C. Hoyt, Vice-Pres. ; M. F. Hammond, Sec., New York, N. Y. ; A. E.
Botchford, Treas., Williamsport, Pa. GENERAL OFFICE, Williamsport, Pa.
ST7SQTJEHANNA, BLOOMSBURG AND BERWICK RR.— Watsontown to Millville,
Pa., 22 miles. Gauge, 4 ft. 8J in. Reorganization of the Central Pennsylvania and Western RR.,
which was sold under foreclosure on March 10, 1902. An extension, 20 miles in length, was under
construction in March, 1903, and expected to be ready for operation by July, 1903. Locomotives,
6. Passenger cars, 3; combination cars, 2 — total, 5. Capital stock auth. ($50 shares), $1,000,-
000. Funded debt auth. ($1,000 bonds), $700,000.
Directors. — S. T. McCormick, E. R. Payne, Williamsport, Pa. ; F. H. Eaton, New York, N. Y. ;
E. B. Tustin, Bloomsburg, Pa..-, J. L. Mitchell, Philadelphia, Pa. ; C. H. Dickerman, Milton, Pa.
OFFICERS : J. HENRY COCHRAN, Pres., Williamsport, Pa. ; F. H. Eaton, Vice-Pres., New York,
N. Y. ; Charles Cochran, Treas., S. B. Haupt, Gen. Mgr., Williamsport, Pa. GENERAL OFFICE,
Watsontown, Pa.
TIONESTA VALLEY RY. — Dunhams to Oglesby, Pa., 58 m. ; sundry branches, 16.3 m. —
total, 74.3 m. ; total track (steel; 35 Ibs.), 87.3 miles. Gauge, 3 ft. Consolidation, Aug. 3, 1894,
of the Tlonesta Valley, the Sheffield and Spring Creek, the Cherry Grove, and the Warren and Farns-
worth RR. Cos. (See MANUAL for 1885, page 105.) The extension from Lamona to Oglesby, 11 m.,
was opened during the year 1898-99. Locomotives, 6. Cars — passenger, 4 ; freight, 384 ; other, 2
— total, 390.
Operations, year ending June 30, 1902. — Trains run (passenger, 38,064; freight, 67,036),
105,100 miles. Passengers carried, 24,135 ; carried one mile, 175,365. Tons freight moved, 183,-
357; ton-miles, 3,748,869. Earnings (passenger, "$9,521 ; freight, $117,868), $127,379. Operat-
ing expenses, $99,003. Net earnings, $28,376.
General Balance Sheet, June 30, 1902.— Capital stock ($50 shares), $350,000; current lia-
bilities, $46,249; deductions, $41,703; profit and loss, $11,342 — total, $449,294. Contra: Cost of
road and equipment, $438,665 ; cash and current assets, $10,629— total, $449,294.
Directors (elected Jan. 12, 1903). — A. H. Bailey, H. A. Crary, M. D. Crary, C. J. Gibson, B. B.
Horton, H. A. Pinney, C. H. Smith, Jerry Crary, Sheffield, Pa. ; James Horton, J. J. Lapham, New
York, N. Y. ; B. McOwen, Clarendon, Pa. OFFICERS : JERRY CRAHY, Pres. ; H. A. Crary, Vice-
Pres.; Wm. McCray, Treas.; R. G. Brownell, Sec.; Geo. C. Darling, Aud. ; C. J. Gibson, Gen. 8upt.,
Sheffield, Pa. ; James Horton, Gen. Mgr., New York, N. Y. GENERAL OFFICE, Sheffield, Pa.
TUCKERTON RR. — Whiting's Station, N. J., to Tuckerton, N. J., 29 m. ; Tuckerton to Edge
Cove, N. J. (not in operation), 2 m. — total, 31 m. ; total track (steel, 23.5 m.), 32.5 miles. Rail —
iron, 50 Ibs. ; steel, 60 Ibs. Gauge, 4 ft. 9 in. Chartered March 26, 1866 ; road opened Nov. 1,
1871; reorganized 1880. Locomotives, 3. Cars — passenger, 2; baggage, etc., 1; freight (box, 5;
flat, 10), 15 — total, 18.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $24,979; freight, $27,382;
other, $6,688), $59,049. Operating expenses, $44,334. Net earnings, $14,715. Payments: inter-
est on bonds, $5,993; other interest, $34; taxes, $1,208 — total, $7,235. Surplus, $7,480; surplus
forward, $11,632— total, $19,112.
General Balance Sheet, Dec. 31, 1902. — Capital stock (see below), $550,992 ; funded debt
(1st 6s of July 8, 1910; $100,000 auth.), $99,882; current liabilities, $859; profit and loss,
$19,112 — total, $670,845. Contra : Cost of road, $556,770 ; equipment, $75,247 ; real estate,
$30,000 ; cash and current assets, $8,828 — total, $670,845.
Capital Stock. — Capital stock authorized consists of $125,000 common stock and $500,000
preferred stock, in $50 shares,; amounts paid in — common, $105,617.80; preferred, $445,373.74.
Directors. — T. T. Price, Theo. P. Price, Tuckerton, N. J. ; Rutherford Stuyvesant, New YorV.
N. Y. ; Richard Ashhurst, Lewis R. Ashhurst, Jr., Walter W. Pharo, Wm. Selfridge, Philadelphia.
Pa. ; Herbert A. Drake, G. G. Browning, Camden, N. J. OFFICERS : RICHARD ASHHURST, Pres. &
Treas. ; Walter W. Pharo, Vice-Pres. ; Wm. Selfridge, Asst. Treas., Philadelphia, Pa. ; T. T. Price,
Sec., Tuckerton, N. J. GENERAL OFFICE, Tuckerton, N. J.
TT7SCARORA VALLEY RR. — Port Royal to Blair's Mills, Pa., 27 miles. Gauge, 3 ft
Rail (steel), 30 to 65 Ibs. Chartered in April, 1891 and 1893; road opened from Port Royal to
East Waterford, 17.5 m., in Feb., 1893 ; extended to Blair's Mills in 1896. Locomotives, 3. Cars —
.passenger, 4 ; baggage, etc., 1 ; freight, 25 — total cars, 30.
Operations, year ending June 30, 1902. — Trains run (mixed), 135,216 miles. Passengers car-
ried, 22,039. Tons freight moved, 16,862. Earnings (passenger, $8,058 ; freight, $17.201), $25,-
259. Operating expenses, $12,630. Net earnings, $12,629. Deductions, $13,719. Deficit for year,
$1,090.
General Balance Sheet, June 30, 1902.— Capital stock ($300,000 auth.; $50 shares), $150,-
000; funded debt (1st gold 5s of July 1, 1917), $150,000; current liabilities, $6,556; profit and
loss, $137 — total, $306,693. Contra: Cost of road and equipment, $305,663; cash and current
assets, $1,030 — total, $306,693.
Directors. — T. S. Moorhead, John C. Moorhead, Port Royal, Pa. ; John M. Blair, Blair's Mills,
Pa. ; G. S. Conn. McCullough's Mills, Pa. ; Wm. Kraft. New York, N. Y. ; L. S. Catlln, Bridgeport,
196 POOR'S MANUAL OP RAILROADS MIDDLE ATLANTIC GROUP.
Conn. OmcBBB : T. S. MOOBHEAD, Pret. d Gen. M gr. ; J. C. Moorhead, Vice-Fret. A Treaa. ; D. B.
McWilllama. Sec., Port Royal, Pa. GKNBBAL OKFICK, Port Royal. Pa.
UNADILLA VALLEY RY.— Bridgewater to New Berlin. N. Y., 19.14 m. ; total track
(steel; 56. 60 and 70 Ibs.), 2O.93 miles. Gauge, 4 ft. «i in. Chartered Jan. 27, 1890; road
opened throughout. July 25. 1895. Locomotives, 2. Cars — passenger, 2 ; freight (box. 4 ; flat, 6),
10 ; service. 4 — total, 16.
Operations, year ending June 30. 1902. — Trains run (passenger, 29,800; freight, 13,443),
43 243 miles. Passengers carried, 24,795 ; carried one mile, 238,087. Tons freight moved, 23,-
274; ton-miles, 287,083. Earnings (passenger, $10,132; freight, $21,369; other, $2,602), $34,-
103. Operating expenses, $27,015. Net earnings. $7,088; other receipts, $342 — total, $7,430.
Payments: Interest on bonds. $12.500; taxes. $695— total. $13,195. Deficit. $5.765. Deficit for-
ward ($68.144. less sundry adjustments, $7,292), $60,852. Total deficit, $66,617.
General Balance Sheet, June 30, 1902. — Capital stock ($200,000 auth. ; $100 shares),
$184,700; funded debt (see below), $277.618; loans and bills payable, $650; income bonds sub-
scriptions, $1,662 ; matured Interest extended, $50,000 ; current liabilities, $14,467 ; unpaid
coupons. $13,000; Short Line Construction Co.. $57,474 — total, $600,171. Contra: Cost of road
and equipment; $525.248 ; materials, etc., $4,712 ; cash and current assets, $3,594 ; profit and loss,
$66,617 — total. $600,171.
Funded Debt.— Funded debt, June 30, 1902, consisted of $250.000 1st gold 5s of Jan. 2, 1933.
and $27,618 ($32,000 auth.) income 5s of Sept. 1, 1913.
Directors. — Ralph Brandreth, Sing Sing, N. Y. ; Gustav C. Henry, Frederic F. Culver, A. 8.
White. Clarence Goadby, Wm. L. Skidmore, Lewis R. Morris, New York, N. Y. OFFICERS : F. F.
CULVEB, Pret. <£ Gen. Mgr., New York, N. Y. ; Ralph Brandreth, Vice-Prea., Sing Sing. N. Y. ; G. C.
Henry, Treos.; Clarence Goadby, Sec., New York, N. Y. GENERAL, OFFICE, 137 Broadway, New
York, N. Y.
URSINA AND NORTH FOBK BY. — Ursina (Pittsburgh Dlv. B. & O. RR.) to Edna
Mines, Pa., 5 miles. Rail (steel), 45 to 67 Ibs. Gauge, 4 ft. 8J in. Chartered Feb. 23, 1882, as
successor to the U. & N. F. RR. Co. Locomotive, 1. Car (passenger), 1.
Operations, year ending June 30, 1902. — Passengers carried, 2,359. Tons freight moved, 47,-
609. Earnings (passenger, $598; freight, $2,488), $3,086. Operating expenses, $5,443; other
deductions, $3.500 — total, $8,943. Deficit, $5,857.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $20,000; advanced by
stockholders, not adjusted, $10,000; current liabilities, $47,976 — total, $77,976. Contra: Cost of
road, $67,700 ; equipment, $3,836 ; current assets, $261 ; profit and loss, $6,179 — total, $77,976.
Directors. — Geo. J. Humbert, Connellsville, Pa. ; John Murray Mitchell, Chas. W. Hogan,
Wilfred Johnson, Z. Taylor Emery, W. A. Kissam, New York, N. Y. ; E. H. Reid, Scottdale, Pa. ;
I. T. Huff. Ursina, Pa. OFFICERS : GEO. J. HUMBERT, Pres., Connellsville, Pa. ; John Murray
Mitchell, Vice-Prea.; W. A. Kissam, Sec.; Geo. J. Bradish, Treaa., New York, N. Y. GENERAL
OFFICE, Ursina, Pa.
VAIXEY CONNECTING RR. — Hickory Township to Sharon, Pa., 0.86 mile. Gauge. 4 ft.
8J in. Rail (steel), 70 Ibs. Chartered July 28. 1898, and purchased the railroad as above from
the Stewart Iron Co., Limited. The company does a terminal and switching business for connecting
roads. Locomotives, 3. Service cars, 14.
Operations, year ending June 30. 1902. — Tons freight moved, 307,005 ; ton-miles, 356,982.
Earnings (miscellaneous), $12,386. Operating expenses, $12,252. Net earnings, $134. Paid:
Taxes, $134.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $10,000. Contra: Cost
of road and equipment, $9,600 ; materials, etc.. $400 — total, $10,000.
Directors (elected Feb. 3. 1903). — Chas. F. Phillips, Edward W. Budd, Chas. N. McClure,
Samuel McClure, Sharon, Pa. ; Fayette Brown, Harvey H. Brown, D. B. Chambers, Cleveland, O.
OrncEBS : SAMUEL MCCLUBE, Pres. <t Oen. Mgr.; Chas. F. Phillips, Treas.; Edward W. Budd, Sec.
<t And., Sharon, Pa. GENERAL OFFICE, Sharon, Pa.
WASHINGTON. POTOMAC AND CHESAPEAKE RR. — Projected: Washington. D.
C.. to Point Lookout, Md.. 80 miles. Completed and in operation : Brandywine to Mechanicsville,
Md., 21 miles. Completed, but not operated : Washington, D. C., toward Brandywine, 12 miles.
Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Graded partially from Mechanicsville to Point Lookout,
about 40 miles, and on branches to Esperanza and St. Marys, 7 miles. Reorgani7.ation, July 27,
1901, of the Washington and Potomac RR. Co., an outline of whose history is in the MANUAL for
1901, page 1512. Locomotive, 1. Cars (passenger, 1; baggage, etc., 1), 2. Capital stock ($100
shares), $4,000,000. No bonded debt.
Operations, year ending June 30, 1902. — Earnings (passenger, $4,353; freight, $6,021), $10,-
374. Operating expenses, $7,609. Net earnings, $2,765.
Directors. — Henry W. Watson, W. S. Roney, Paul O. Kirschman. Wm. G. Yorke, Philadelphia,
Pa. ; John P. Poe, S. Johnson Poe, Edgar Allen Poe, F. Frank Smith, Baltimore, Md. ; Reed Wills,
Belaton, Md. OFFICERS: HBNBY W. WATSON, Pres.; Wm. S. Roney, Sec. rf Treas., Philadelphia,
Pa. ; W. W. Early, Oen. Mgr., Brandywine, Md. GENERAL OFFICE, 905 Girard Building, Phila-
delphia, Pa.
WASHINGTON RUN RR. — Layton Station to Washington Mines, Pa., 4 m. ; total track
(steel ; 85 Ibs.), 7 miles. Gauge, 4 ft. 81 In. Chartered April 25, 1895 ; road opened Jan. 8, 1900.
Locomotive, 1. Cars — passenger, 1; combination, 1; freight (flat), 4 — total, 6.
Operations, year ending June 30, 1902. — Trains run (passenger, 5,840; freight, 5,840;
mixed, 2,920; other, 3.650), 18,250 miles. Passengers carried, 29,437; carried one mile, 100,918.
Tons freight moved, 258,265; ton-miles, 1,016,684. Earnings (passenger, $4,991; freight, $22,-
341; other, $414), $27,746. Operating expenses, $22,261. Net earnings, $5,485; other receipts,
$733 — total. $6.218. Payments: Interest on floating debt, $2,693; taxes, $1,172 — total, $3,865.
Surplus, $2,353 ; surplus forward, $14,382 — total, $16,735.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $150,000; current lia-
bilities. $2,425; Interest accrued, not due, $1,063; other liabilities, $52,000; profit and loss, $16.-
T35 — total, $222,223. Contra : Cost of road and equipment, $218,525 ; cash and current assets,
$3,698— total, $222,223.
Directors (elected Jan. 3, 1903). — W. Harry Brown, E. J. Taylor, Pittsburgh, Pa.; Jno. H.
Wurtz, Jno. S. Newmyer, Dawson, Pa. ; J. Calvin Core. Alex. C. Sherrard, N. A. Rlst, Vanderbilt,
Pa. ; Wm. J. Sherrard, Junlatavllle, Pa. ; M. M. Cochran, Unlontown, Pa. OFFICERS : W. HARRY
POOR S MANUAL OF RAILROADS.
197
BROWN, Pres., Pittsburgh, Pa.; M. M. Cochran, Vice-Pres. ; Jno. H. Wurtz, Sec. & Treas.; Jno. W.
Gibson, Aud., Dawson, Pa. GENERAL OFFICE, Dawson, Pa.
WEST SIDE BELT RR. — Pittsburgh, Pa., to Banksville, Pa., 3 m. ; Banksville June, to
Clairton, Pa., 20 m. — total track (steel; 80 Ibs.), 23 miles. Gauge, 4 ft. 8J in. Chartered July
25, 1895, to build a line from Pittsburgh to Monongahela, Pa., 31 miles. The Little Saw Mill
Run RR. Co., owning the line from Pittsburgh to Banksville, 3 miles, was absorbed on June 25,
1897. Locomotives, 5. Cars — passenger, 1 ; coal, 1,140 — total, 1,141.
Operations, year ending June 30, 1902. — Trains run (passenger, 6,882; freight, 5,947:
mixed, 5,635) 18,464 miles. Passengers carried, 81,725; carried one mile, 245,175. Tons freight
moved, 180,012; ton-miles, 540,036. Earnings (passenger, $4,086; freight, $31,664; other, $3,-
210), $38,960. Operating expenses, $22,473. Net earnings, $16,487. Deductions, $18,089.
Deficit, $1,602.
General Balance Sheet, June 30 1902. — Capital stock ($50 shares), $1,080,000; funded
debt (see below), $461^500; real estate mortgages, $53,333; current liabilities, $380,773; inter-
est accrued, $8,160 — total, $1,983,766. Contra : Cost of road and equipment, $382,915 ; lands
owned, $151,391; property and franchises, $1,072,000; cash and current assets, $59,771; ma-
terials, etc., $145 ; paid contractors, $286,310 ; profit and loss, $31,234 — total, $1,983,766.
Funded Debt. — Funded debt outstanding on June 30, 1902, consisted of $140,500 mtge. 6s of
Sept. 1, 1902, and $321,000 ($1,000,000 auth.) mtge. 5s of Sept. 1, 1947.
Directors. — F. M. Osborne, S. H. Robbins, Cleveland, O. ; T. N. Barnsdale, Bradford, Pa. ; M.
K. McMullin, F. F. Nochola, Chas. Donnelly, T. H. Given, A. W. Osborne, J. D. Gallery, J. G. Pat-
terson, Joshua Rhodes, Pittsburgh, Pa. OFFICERS : F. M. OSBORNE, Pres., Cleveland, O. ; Charles
Donnelly, Vice-Pres. ; Joshua Rhodes, Treas. ; 3. G. Patterson, Sec. ; W. G. Rock, Asst. Treas.,
Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
WILLIAMSPORT AND NORTH BRANCH RR.— Hall's to Satterfleld, Pa., 44.4 m. ;
Birch Creek to Bernice, Pa., 0.6 m. ; L. V. RR. intersection to Murray's Colliery, 2 m. — total owned,
47 m. ; leased, Eagles Mere RR., Sonestown to Eagles Mere, Pa., 8 m. ; trackage (State Line & Sul
llvan RR., Satterfield to Bernice, Pa., 3.01 m. ; L. V. RR., Bernice to Breaker Siding, 2.07 m.), 5.08
m. — total operated, 60.08 miles. Sidings (owned, 10 m. ; leased, 1.82 m.), 11.82 miles. Gauges, 3
ft. (E. M. RR.) and 4 ft. 9 in. Rail (steel, 66.22 m.), 56 and 70 Ibs. Reorganization, Sept. 1, 1882,
of the Muncy Creek RR. Co. (See MANUAL for 1895, page 67). Under its charter the company has
the right to own coal lands and to engage in mining operations. Locomotives, 9. Cars — passenger,
8; baggage, etc., 3; freight (coal, 100; flat, 4), 104; service, 2 — total, 117. The 100 coal cars
are held under car trust ; in addition the company owns 1 locomotive, 1 observation and 17 flat cars,
which are leased to the Eagles Mere RR. Co.
Operations, year ending June 30, 1902. — Trains run (passenger, 101,376; freight, 34,964;
mixed, 7,297; other, 6,353), 149,990 miles. Passengers carried, 98,238; carried one mile, 1,181,
748. Tons freight moved,156,938 ; ton-miles, 4,738,361. Earnings (passenger, $36,268; freight,
$90,535; other, $5,062), $131,865. Operating expenses, $83,158. Net earnings, $48,707; other
receipts, $573 — total, $49,280. Payments : Interest on bonds, $23,850 ; other interest, $306 ;
taxes, $1,394 ; rentals, $5,000 ; other charges, $4,056 — total, $34,606. Surplus, $14,674 ; surplus
forward, $14,458 — total, $29,132.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($925,362 common, $400,000
preferred; $50 shares), $1,325,362; funded debt (1st gold 4^s of July 1, 1931; $750,000 auth.),
$530,000 ; current liabilities, $30,171 ; rentals, $1,667 ; profit and loss, $29,132 — total, $1,916,332.
Contra: Cost of road and equipment, $1,823,188; securities owned, $4,950; lands owned, $40,351;
other investments, $13,073 ; materials, etc., $10,373 ; cash and current assets, $21,110 ; other
assets, $3,287 — total, $1,916,332.
Capital Stock. — The capital stock authorized amounts to $2,400,000 In $50 shares, $2,000,000
thereof being common stock and the balance ($400,000) preferred stock.
RAILROAD LEASED TO THE W. & N. B. RR. Co.
Co., at an annual rental of $5,000.
Balance Sheet, June 30, 1902. — Capital stock
paid in ($100,000 auth. ; $5 shares ) ,$50,000 ; funded
debt (1st 5s of Sept. 1, 1925), $83,500; time obliga-
tions, $23,094 — total, $156,594. Contra: Cost of
road and equipment, $132,594 ; stocks owned, $24,-
000 — total, $156,594.
C. William Woddrop, Pres., Hughesville, Pa. ;
Joel H. De Victor, 1st Vice-Pres., Philadelphia,
Pa. ; J. R. T. Ryan, 2d Vlce-Pres., Williarasport,
Pa. ; B. Harvey Welch, Sec. & Treas., Hughes-
ville, Pa. Office, Philadelphia, Pa.
Mere RR. — Sonestown to Eagles
Mere, Pa., 8 m. ; total track, 9.82 miles. Rail
(steel, 9.22 m.), 30 to 56 Ibs. Gauge, 3 ft.
Locomotives, 2. Cars — passenger, 2 ; baggage,
2; freight (box, 2; flat, 14), 16; other, 2 — total, 22.
Chartered Sept. 11, 1891 ; road opened as above
in 1892. Since the close of the fiscal year the
road has been extended to Chautauqua, a distance
of 2 m. ; and a branch has been built, Loyaloock
June, to intersection, 0.7 mile. A third rail has
been laid between Sonestown and Muncy Valley,
2.3 miles. Leased for 99 years, from March 1,
1901, to the Williamsport and North Branch RR.
Directors W. & N. B. RR. Co. (elected May 21, 1902). — Horace H. Farrier, Jersey City, N. J. ;
Henry C. Adams, New York, N. Y. ; S. D. Townsend, C. Wm. Woddrop, B. Harvey Welch, Hughes-
ville, Pa.; C. La Rue Munson, S. T. McCormick, Williamsport, Pa. OFFICERS: B. HARVEY WELCH,
Pres., Hughesville, Pa. ; Horace H. Farrier, 1st Vice-Pres., Jersey City, N. J. ; C. Wm. Woddrop,
2d Vice-Pres., Hughesville, Pa. ; Henry C. Adams, Sec. & Treas., New York, N. Y. ; S. D. Townsend,
Gen. Jf.gr.; Chas. E. Mosser, Gen. Aud., Hughesville, Pa. GENERAL OFFICE, Hughesville, Pa.
WHIPPANY RIVER RR. — Morristown to Whippany, N. J., 4 m. ; McEwan Bros. Co.'s
RR. (operated), Whippany to Paper Mills, 0.6 m. — total 4.6 miles. Sidings, 0.4 mile. Gauge,
4ft. 8} in. Rail (steel), 65 Ibs. Organized Aug. 2, 1895; road opened Oct. 2, 1895. Locomotive,
1. Combination car, 1.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $1,417; freight, $23,659;
other, $333), $25,409. Operating expenses, $14,899. Net earnings, $10,512.
Financial Statement, Dec. 31, 1902. — Capital stock ($100 shares), $25,000; funded debt,
$25,000; floating debt, $23,914 — total, $73,914. Cost of road and equipment, $84,052.
Directors.— W. W. Cook, J. L. McEwan, R. B. McEwan, R. W. McEwan, Arthur McEwan,
Frank McEwan, Herman Behr, Whippany, N. J. OFFICF.RS : J. L. McEwAN, Pres. ; Herman Behr,
Vice-Pres. ; R. B. McEwan, Treas.; R. W. McEwan, Sec. & Supt., Whippany, N. J. GENERAL
OFFICE, New York, N. Y.
I'.tK
's M \\l\l. .»K HAII.UitADS SOUTH ATLANTIC
WILLIAMS VALLEY RR. — Urookslde, Schuylkill Co., to Lykens, Pa., 12 miles. Rail
(steel). 60 Its. Gauge, 4 ft. 8J In. Chartered Sept. 19 1891; charter amended Nor. 24, 1891;
road opened July 1, 1892. Locomotive, 1. Cars (passenger), 3.
Operations* yuar ending June 30, 1902. — Trains run (mixed), 47,970 miles. Passengers car-
ried. 92 232 ; carried one mile. 1,106,784. Tons freight moved, 26,189 ; ton-miles, 314,268. Earn-
ings (passenger, $9.638; freight, $12,285; other, $1,159), $23,082. Operating expenses, $17,066.
Net earnings, $6,016. Payments : Interest on bonds. $5,220; other interest, $450; taxes, $183 —
total. $5,853. Surplus, $163; surplus forward, $28,734 — total, $28,897.
General Balance Sheet, June 30. 1902. — Capital stock ($120.000 auth. ; $50 shares), $90,-
000; funded debt (1st 6s of Dec. 1, 1911). $87,000; current liabilities, $15,276; profit and loss,
$28.897 — total. $221.173. Contra: Cost of road and equipment, $201,434; cash and current as-
sets, $19,739 — total, $221,173.
Directors (elected Jan. 13, 1903). — John Jameson, A. F. Baker, C. M. Kaufman, E. F. Philips,
Tower City, Pa.; Amos Lebo. J. W. Diirbin. Williamstown, Pa. ; Edward Lebo, M. F. Moyer, Lykens,
Pa.; Isaac Mossop. Wlconisco, Pa. OFFICERS: JOHN JAMKSON, Pres. ; E. F. Philips, Treaa. ; C.
M. Kaufman, Sec., Aud. A Gen. Traf. JMj/r., Tower City, Pa. GENERAL OFFICE, Tower City, Pa.
SOUTH ATLANTIC GROUP— States of Virginia, West Virginia,
North Carolina, South Carolina, Georgia and Florida.
ATLANTA AND WEST POINT RAILROAD COMPANY.
1 . Line of Road Owned,— Atlanta to West Point, Ga 86.20 m.
LEASED: Atlanta Belt Line: Oakland to Atlanta, Ga 6.00 m. — 92.20 mile*.
2d track, 2.11 m.; sidings, etc., 16.61 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 to 80 Ibs.
2. History. — Organized in 1860 as successor to the old Atlanta and L grange RR.
Co. (see MANUAL for 1890, page 346). Included in length of road is 0.5 m. of trackage
over the Central of Georgia Ry., from Nelson Street to Union Depot, in Atlanta. The
Atlanta Belt Line is leased for 99 years from Dec. 1, 1900, at a rental of $10,000 per
annum, the lease including joint use of agency and terminal in Atlanta, leased by the
Atlanta Belt Line from the Georgia RR. for a term of years expiring April 1, 1980.
3. Rolling Stock, June 30, 1902. — Locomotives, 15. Cars — passenger, 14; combi-
nation, 2; dining (l/2 interest), I"; baggage, mail, and postal, 8; freight (box, 362; flat,
97; coal, 65; refrigerator, 2), 526; service, 19 — total cars, 570.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 295,896;
freight, 140,857 — total, 436,753 miles. Passengers carried, 440,733; carried one mile, 12,-
757,798; average mile rate, 2.09 cents. Tons freight moved, 442,812; moved one mile,
30,268,350; average ton-mile rate, 1.37 cents.
EARNINGS. 1900-01 1901-02
Passenger $249,655 63 $206,274 83
Freight 410,308 20 414,067 28
Mail and Express 73,211 J3 74,11738
Miscellaneous 7.51365 9,25262
Totela. $740,68861 $763,71211
Averages per mile 8,592 68 8,859 77
EXPENSES.
Maint. of Way and Structures. . .
Maintenance of Equipment 133,368 17
Conducting Transportation 217,01 1 55
General Expenses 37,680 39
1900-01 1901-02
$97,61934 $113,455 24
102,886 93
210,17790
39,88829
Totals $485,679 45 $466,408 36
Averages per mile 5,63433 5,41077
Net earnings 1901-02 (38.93 p. c), $297,303.75; other receipts, $5,072.28 — total,
$302,376.03. Payments: Interest on funded debt, $73,932; taxes, $23,899.62; reserve
for improvements, $90,964.38; rental Atlanta Belt Line. $16,000— total, $204,796. Sur
plus, $97,580.03; surplus forward, $102.837.40— total, $200,417.43 Deductions: Dividends
(C p. c.), $73,932; taxes prior to July 1, 1901, $10,547.88— total, $84,479.88. Balance,
surplus, June 30, 1902, $115,937.55.
5. Capitalization, cost of property and results from operations for seven years
ending June 30:
Yean.
Capital
Stock.
'ertificatos
of 1 n <lel>t -
ness.
Cost of
Road.
Miles Gross
)|)or- Knrn-
ated. ings.
Net
Earn-
ings.
Net
Income.
First
Charges.
Better-
ments.
Divi-
dends.
Total
Pay-
ment*.
Balance
Surplus.
$
$
$
$
$
$
$
$
$
$
1896...
. 1,232 200
1.232 200
2,46-1,400
86.2 534,115
213,456
219,815
91,331
53156
73,932
219,669
146
1897 .. .
1,232.200
1,232200
2.464,400
86.2 554,447
219.830
232,849
92,639
73,932
231,282
1 567
1898
1,232,200
1,232 200
2,464,400
86.2 575.259
227,496
241,377
95,673
73932
240394
3983
1899
. . 1,232.200
1,232 200
2,464.400
86.2 606.664
238,128
245,924
95.356
73,932
244,713
1,211
1000.
. . . 1.232.200
1.232200
2,464,400
86.2 702,472
267.705
27S.326
95.591
75000
73,392
256,073
22,253
1991...
1.232.200
1.232200
2.464.400
92.2 740.689
255,009
258,841
104.493
.56088
73932
248 816
10,025
1902.
1.232.208
1.232200
4.464.400
92.2 763.712
297.304
3(1:2.376
113.S32
90.964
73.932
278.728
23.648
POOR'S MANUAL OF RAILROADS. 199
6. General Balance Sheet, June 30, 1902.
Franchise and Property $2,464,400 00
Real Estate U, 408 50
Stocks Owned 2,500 00
Material and Supplies 32,915 32
Current Accounts 37,29866
Cash In Banks and on Hand 316,387 07
Cash in Transit 10,420 27
Total Assets $2,875,329 82
Capital Stock ($100 shares) $1,232,20000
Certificates of Indebtedness 1,232,20000
Interest Accrued, not yet Payable 36,966 00
Taxes Accrued, not Due 10,547 88
Reserve for Improvements 217,00000
Current Liabilities 30,478 39
Profit and Loss 115,937 55
Total Liabilities $2,875,329 82
7. Certificates of Indebtedness. — The certificates of indebtedness were issued in 1881 in
the shape of a dividend. They are for $100 each, or multiples thereof, in registered form, bearing
interest at 6 p. c. per annum, payable Jan. and July, in Atlanta, Qa. They are dated July, 1881,
and are payable at the option of the company.
8. RAILROAD LEASED BY THE ATLANTA AND WEST POINT RR. Co.
ATLANTA BELT LINE Oakland to At-
lanta, Ga., 6 miles. Gauge, 4 ft. 81 in. Rail
(steel), 60 Ibs.
HISTORY. — Chartered Oct. 17, 1899; road
opened Dec. 1, 1900. Leased to the A. & W. P.
RR. Co. for 99 years from Dec. 1, 1900, at a rental
of $16,000 per annum. This company has joint
use of agency and terminals in Atlanta, under a
lease from the Georgia RR., for a term of years
expiring April 1, 1980.
FINANCIAL STATEMENT. — Capital stock
paid in ($500,000 auth.), $400,000, representing
cost of road.
CORPORATE OFFICERS. — C. A. Wickersham,
Pres. ; F. H. Hill, Sec. & Treas. ; F. A. Healy.
Aud., Atlanta, Ga.
9. Board of Directors, A. d W. P. RR. Co., elected October 21, 1902.
C. A. Wickersham. .Atlanta, Ga, I John M. Egan. .Savannah, Ga.
J. F. Hanson Macon, Ga. I H. C. Fisher Newman, Ga.
W. B. Berry Newman, Ga.
M. H. Smith.... Louisville, Ky.
H. Walters Wilmington, N. C.
CHAS. A. WICKERSHAM, President and General Manager. . .Atlanta, Ga.
Secretary and Treas. — F. H. Hill.. Atlanta, Ga. | Auditor — F. A. Healy Atlanta, Ga.
PRINCIPAL OFFICE AND ADDRESS Atlanta, Ga.
ATLANTIC COAST LINE COMPANY.
(For map of this system, see page 201).
Organization and Property. — This company was organized on May 29, 1889, under
the laws of Connecticut. It owns or controls a connected system of railroads extending
from Richmond, Va., and Norfolk, Va., to Atlanta, Ga., Montgomery, Ala., and Punta
Gorda, Fla., reaching Wilmington, N. C., Charleston, Port Roydl and Columbia, S. C.,
Augusta, Macon, Savannah and Brunswick, Ga., Jacksonville and Port Tampa, Fla., and
numerous other points in the South Atlantic States. The following statement shows
the mileage of the Atlantic Coast Line system on July 1, 1902:
Atlantic Coast Line Railroad, as operated June 30, 1902.. 1,756.50m.
Savannah, Florida and Western Railway, operated from
July 1, 1902 1,833.25 m.— 3,589.75 miles.
Charleston and Western Carolina Railway 339.58 "
Northwestern Railroad of South Carolina 69.62 "
Sanford and St. Petersburg Railroad 153.33 "
The Florida Southern Railroad 243.53 "
Total length of railroads controlled by A. C. L. Co., July 1, 1902.. 4,395.81 miles.
The Savannah, Florida and Western Ry., Sanford and St. Petersburg RR. and
The Florida Southern RR., were operated under a lease to The Plant Investment Co. until
midnight on June 30, 1902, therefore the statistics of those roads are not included in
the following tables.
Summary of Controlled Roads. — The following statements exhibit the mileage,
equipment, capitalization, and cost of the railroads embraced in the system on June 30,
1902, together with the results of operating them for the fiscal year ending on the same
date:
200
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Mileage, equipment, and capital accounts, all lines, June 30, 1902.
RAILROADS.
MILBAOE.
t
'%
201
JiEVENUK
CABS.
CAPITAL LIABILITIBS.
Cost of
Road and
Equip-
ment.
Main
Track.
Total
Track.
Steel
Raila,
$
It
!
Stocki.
Bond*.
Total.
AtlantifC. L.RR...
M.
1.070.90
40.20
10.50
339.58
65.30
M.
l.'.M.i.'l
41.71
12.23
390.97
66.50
M.
I >.:».Vi:t
. 40.20
10.50
367.47
48.50
136
46
6,767
S
42,000.000
170,000
100.000
1,200,000
100,000
$
24.526,500
300,000
104,600
5,150,000
285.000
1
66,526,500
470,000
204,600
6.350,000
385,000
$
66,989.319
470,000
204.600
6,328,909
386.183
CeotralRR.of8.C. ..
So. CM. Pac. RR.....
Chw.4W.Car.Ry. I
August* Term. Ry )
N.W.RR.ofS.C.
29
4
234
20
4
8
1
SCO
ToUb
2.126.4«
2,493.10
2.161.80
160
55
7.627
43,570,000
30.366.100
73,936,100
74.379,011
Traffic operations and gross earnings, year ending June 30, 1902.
RAILROADS.
TRAIN MILBAOB.
PAS*. TRAFFIC.
FREIGHT TRAFFIC.
GROSS EARNING*.
Pan-
singer.
Freight.
Pas-
SBflgBfB.
Mileage.
TOM.
Ton-
Milrg.
Pas-
senger.
Freight.
All
Sources.
At C L RR . .
Char.*W.C.Rv
N.W.RR.ofS.C
Totala,
Af.
2.263.256
308,476
17,073
Af.
2,556,900
386.733
69.381
No.
1,699,542
213,954
Af.
82,179,619
6,052,223
No.
3,147,453
588,697
Af.
434,696,989
44,063,041
$
1,753,813
155.659
12,949
5,978, 108
689,785
66,979
t
8,549.526
951,873
82,148
2,588.805
3.013.014
1,913,496
88.231,842
3,736,150
478,760,030
1,922,421
6.734.873
9.583.547
Net revenue and payments therefrom, year ending June 30, 1902.
RAILROADS.
NET REVENUE.
PAYMENTS FROM AVAILABLE REVENUE.
Surplus
Bal-
ance.
Net
Earn-
ings.
Other
Re-
ceipts.
Income.
Interest.
Dividends.
Other
Ch-trges.
Total
Payment*.
Atlantic Coast Line RR. . . . . )
Central RR. of So. Car V
S
3.810,539
240,428
40.999
$
61,626
16.275
811
$
3.872.165
256,703
41,840
S
( 1,198,177
-^ 18,000
j 6,276
1 138,730
1 36,000
11,400
$
1.498,657
pc.
$
361,606 )
$
3.095,716
217.930
21,350
S
776.449
38,773
20,490
12,000
1,000 V
South Carolina Pacific Ry )
Charleston A West Car. Ry /
Augusta Terminal Rv . . . (
43,266 »
Northwestern RR. of So. Car
6,000
6
3,950
Totals.
4.091,966
78,712
4.170,708
1,408,583
1,516,657
409.756
3,334.9%
835.71Z
General Balance Sheet, Atlantic Coast Line Company, June 30, 1902.
ASSETS.
Bonds and Stocks (total, $11,000,000) Deposited with Safe Deposit and Trust Co. of
Baltimore, trustee, to secure issues of Certificates of Indebtedness :
$1,550,000 4 p. c. bonds, Atlantic Coast Line RR. Co. of S. C
600,000 4 p. c. bonds, Albemarle and Raleigh RR. Co
300,000 4 p. c. bonds, Wilmington and New Berne RR. Co
350,000 4 p. c. bonds, Yadkin Dlv., Wilmington and Weldon RR. Co
83,000 shares Preferred Stock, Atlantic Coast Line RR. Co
Other securities owned (total, $12.430,221.26) :
44,627 shares Preferred Stock, Atlantic Coast Line RR. Co
95,065 shares Common Stock, Atlantic Coast Line RR. Co
500 shares Stock, Wilson and Summerton RR. Co
Bonds of Sundry Railroad Companies ( $994,600 at par)
Other I n vestments
Bills Receivable
Real Estate and Building, Washington. D. C
Investments of Deposits for Renewal of Rails Fund
Cash on Deposit
$1,550,000 00
500,000 00
300,000 00
350,000 00
8.300,000 00
4,462,700 00
7,129,875 00
50,000 00
787,646 26
1,138,402 85
208,807 56
135,000 00
231,024 20
563,622 31
Total Assets $25,707,078 18
MAP OF THE
ATLANTIC COAST LINE
1903.
201
202
POOR 8 MANUAL OF RAILROADS SOUTH ATLANTIC GROUP.
LIABILITIES.
Capital Stock paid In ($30,000,000 authorized ; $100 shares) $10,000,000 00
6 p. c. Certificates of Indebtedness 5,000,000 00
4 p. c. Certificates of Indebtedness 5.000,000 00
Insurance Fund 24,842 00
Deposits for Renewal of Rails 239,517 83
Due to Companies and Others 696,328 26
Profit and Loss 4,746,390 09
Total Liabilities $25,707,078 18
Increase of Capital Stock. — In a circular dated May 1, 1903, the company offered to
sell to the stockholders of record on that date, $500,000 of capital stock at the price of $250 per
$100 share. The purpose of the issue was not stated in the circular.
Certificate* of Indebtedness. — The 5 p. c. certificates are authorized to the amount of
$6,000,000, the $1,000,000 unissued being reserved for the general purposes of the company. They
are irredeemable, save that they rank as a claim against the company in preference to the capital
stock only. The 4 p. c. certificates are redeemable at the option of the company at any time after
20 years from Nov. 1, 1900, at 105 p. c. and accrued interest. The $11,000,000 of securities of
controlled companies designated on the General Balance Sheet are deposited in trust with the Safe
Deposit and Trust Co. of Baltimore, Md., to secure the principal and interest of both issues of cer-
tificates equally. Interest is payable (on 5s, J. & D. ; on 4s, J. & J. ), if earned in each half year,
and is non-cumulative* It takes precedence of dividends on the stock only. The certificates are In
denominations of $100 and multiples thereof. They are in registered form, but are transfer-
able on the books of the company when an assignment is endorsed on them. It is provided that no
mortgage can be made on the company's property without the consent of at least two-thirds in
amount of the certificates then outstanding, given at the meeting of the stockholders at which such
mortgage may be authorized, certificate holders to have the right of casting one vote for every $100
of certificates held by them. It is also provided that in case of any such mortgage being authorized
the holders of the certificates of indebtedness are to have the option of exchanging their holdings at
par in lots of $1,000 or multiples thereof for the bonds or other evidences of indebtedness secured by
such mortgage, it being required, however, that the company shall be notified within sixty days
after the date of the meeting at which the mortgage may be authorized, of any desire to make such
an exchange.
Directors.— Henry Walters, W. G. Elliott, Baltimore, Md.; Warren Delano, Jr.,
East Orange, N. J. ; Michael Jenkins, Baltimore, Md.; A. Brandegee, New London, Conn.
HENRY WALTERS, Chairman of Board.... Baltimore, Md.
W. G. ELLIOTT, President
Michael Jenkins, V ice-President V,.. . .'. ..^•i^^JT*"'
Waldo Newcomer, 2d V ice-President 1 " * "
Treasure! — J. J. Nelligan Baltimore, Md. I Asst. Secretary — Q. Stoddard.. Bridgeport, Conn.
Secretary — W. G. Elliott Wilmington, N. C. | Asst. Treas. — A. Brandegee.. New London, Conn.
Assistant Treasurer — J. B. Kirby Baltimore, Md.
GENERAL OFFICE Bridgeport, Conn.
ATLANTIC COAST LINE RAILBOAD COMPANY.
(Controlled by Atlantic Coast Line Co.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Description of 8
Car Trust Obligations 12
Certificates of Indebtedness.. 9
Control of L. & N. RR. Co. . 2
Directors and Officers 15
Earnings, Expenses, etc 6
Funded Debt, Description of. 10
Oen. Bal. Sheet, June 30, 1902 7
Guarant'd Bonds, Descrip. of 11
History 3
Income Acct., June 30, 1902. . 6
Income Acct, Dec. 31, 1902. . 6a
Investments, Miscellaneous. . 13
Joint Interests, ParticTrs of 4
Leased Lines, Statements of 14
Leases and Contracts 3
Mileage Operated, June 30,
1902 1
Mileage Operated, July 1,
1902 i. 2
Operations, Earnings & Exp. 6
Preferred Stock Retired 8
Rolling Stock 5, 5a
Trackage Contracts, Terms of 3
1. Mileage Operated, June 30, 1902:
Lines Owned: In Virginia, North Carolina and South Carolina 1,670.90 miles.
Leased Lines: South Carolina Pacific Ry 10.50 m.
Central Railroad of South Carolina 40.20 m.
Wilmington Street Ry 1.25m.— 51.95 "
Trackage Rights: Seaboard and Roanoke RR 2.39 m.
Charleston & Western Carolina Ry 28.80 m.
Wilmington Railway Bridge * 2.46 m. — 33.65 "
Total length of lines operated as A. C. L. RR., June 30, 1902 1,756.50 miles.
Sidings, spurs, etc. (owned, 310.79 in. ; leased, 0.99 m.), 317.78 miles. Gauge, 4 ft. 81/, in.
Rail (steel, 1,695.13), 45 to 70 Ibs.
POOR S MANUAL — ATLANTIC COAST LINE RR. CO.
203
2. History.— Consolidation, effective May 1, 1900, of the Atlantic Coast Line RR.
Co. of Virginia, the Atlantic Coast Line RR. Co. of South Carolina, the Norfolk and
Carolina RR. Co., the Wilmington and Weldon RR. Co., and the Southeastern RR. Co.
of North Carolina (see MANUAL for 1901, pages 329-330). On May 13, 1902,, the company
was consolidated with the Savannah, Florida and Western Ry. Co. (see MANUAL for 1902,
page 748), the consolidated corporation retaining the name of Atlantic Coast Line RR.
Co. The consolidation went into effect on July 1, 1902, after which the mileage operated
by the company was as follows:
LINES OWNED (3,453.53 miles). Miles.
Richmond, Va., to Port Tampa, Fla. 897.7!)
Branches in Savannah, Ga 3.70
Norfolk, Va., to Rocky Mount, N.C. 114.87
Bruce to Pig Point, Va 6.53
Driver's to Bennett's Pasture, Va.. 1.55
Armistead to S. & R. RR. Va 1.13
Clapton to James River, Va 4.55
Acree to Dunlap, Va 5.75
Petersburg to N. & W. June., Va.. 3.15
Fender to Kingston, N. C 85.82
Tarboro to Plymouth, N. C 53.89
Parmele to Washington, N. C 25.39
Rocky Mount to Spring Hope, N.C. 19.20
Contentnea to Wilmington, N. C. . . 105.00
Goldsboro to Smithfield, N. C 21.50
Warsaw to Clinton, N. C 13.43
Wilmington to New Berne, N. C. . . . 90.32
Wilmington to Sanford, N. C 116.40
Parkton, N. C., to S. C. State Line 34.44
Wilmington to W. Ry. Bridge 2.03
W. Ry. Bridge to Pee Dee, S. C 93.00
Elrod, N. C., to Conway, S. C 71.38
Florence, S. C., to Wadesboro, N.C. 64.52
Floyds to Hartsville, S. C 10.00
Sumter Jc., S. C., to Gibson, N. C . . 74.23
Florence to Columbia, S. C 81.70
Latta to Clio, S. C 19.78
Sumter to Robbins, S. C 98.50
Elliott to Lucknow, S. C 16.48
Creston to Pregnalls, S. C 40.81
Eutawville to Ferguson, S. C 6.16
St. John's IsV d to Ashley River, S.C. 8.70
Ravenel to Young's Island, S. C.. 5.69
Green Pond to Ehrhardts, S. C. . . . 37.67
Jesup, Ga., to Montgomery, Ala... 353.31
Waycross to Folkston, Ga 33.09
Albany, Ga., to Monticello, Fla 82.47
Climax, Ga., to Chattahoochee, Fla. 31.23
Abbeville June, to Abbeville, Fla.... 26.09
Dimmick to Elba, Ala 37.22
Sprague June, to Luverne, Ala. . . . 32.92
LINES OWNED. — Continued. Miles.
Brunswick to Albany June., Ga. . . . 168.78
Dupont Jc., Ga., to Archer, Fla 117.65
Morriston to Bartow, Fla 109.35
Lake City June, to Lake City, Fla. 18.90
High Springs to Gainesville, Fla.. 23.60
Juliette to Ocala, Fla 20.19
Gulf June, to Homosassa, Fla 22.05
Bartow to Bartow June., Fla 16.20
De Land June, to De Land, Fla ... 4.00
Sanford to Lake Eustis, Fla 28.62
Sanford to Lake Charm, Fla 17.60
Astor to Leesburg, Fla 37.94
Fort Mason to Lane Park, Fla 9.48
Kissimmee to Narcoossee, Fla .... 14.40
T. & T. June, to Thonotosassa, Fla. 13.33
LEASED LINES (79.74 miles).
Central RR. of South Carolina:
Lanes to Sumter, S. C 40.20
South Carolina, Pacific Ry. :
N. C. Line to Bennettsville, S.C. . 10.50
Wilmington Street Ry. :
In Wilmington, N. C 1.25
Winston & Bone Valley RR.:
Winston to Tiger Bay, Fla 27-79
TRACKAGE RIGHTS: (56.48 miles.)
Seaboard & Roanoke RR. :
Garysburg to Weldon, N. C 2.39
Wilmington Railway Bridge:
Wilmington to Navassa, N. C. . . 2.46
Charleston & Western Carolina Ry.:
Robbins, S. C., to Augusta, Ga. . 28.80
Florida Central & Peninsular RR.:
Archer to Morriston, Fla 19.60
Jacksonville Terminal Co. :
Jacksonville, Fla., Connection.. . 2.58
Belt Line Ry.:
In Montgomery, Ala 0.65
Total mileage operated 3,589.75
Control of L. & N. RR. Co. — In October, 1902, the company arranged for the pur-
chase of $30,600,000, being a majority, of the capital stock of the Louisville & Nashville
RR. Co., for the consideration of $.>0,000,000. The purchase was completed on February
14, 1903. Payment was made, $10,000,000 in cash, $5,000,000 in the company's common
stock, and $35,000,000 in 4 per cent. 50-year gold bonds.
Absorption of Controlled Roads in Florida. — On March, 19, 1903, the properties of the
Sanford and St. Petersburg RR. Co. and of the Florida Southern RR. Co. were conveyed
by deed to the Atlantic Coast Line RR. Co. (see Sec. 10a, also separate statements for the
companies named ) .
3. Leases and Trackage Contracts. — The Central RR. of South Carolina is
204
POOR 8 MANUAL OF RAILROADS SOUTH ATLANTIC GROUP.
leased for 09 years from Dec. 1, 1881, at an annual rental of $31,000. The South
Carolina Pacific Ry. is leased for 30 years from Jan. 8, 1885, at an annual rental equal
to the interest on $104,600 of 6 per cent, bonds. The Wilmington Street Ry. Co.'a
dummy line is operated under a 40-year lease from Jan. 1, 1805, at an annual rental
of $3,000. The lease of the Winston and Bone Valley RR. runs only from year to year,
and the rental is $6,000 per annum. The tracks of the Seaboard and Roanoke RR. are
used to reach the railroad shed at Weldon, N. C., the company paying as rental under the
contract $5,250 a year and one-half the cost of maintenance. Under the contract
with the Charleston and Western Carolina Ry. Co., this company has the use of the line
from Robbins, S. C., to Augusta, Ga., and of terminal facilities in Augusta, at an annual
charge of $11,060, in addition to a proportion of the cost of maintenance based on
wheelage. For the use of the line from Archer to Morriston, Fla., the company pays
to the Florida Central and Peninsular RR. Co. $4,202.54 per annum and a proportion
of the cost of maintenance based on wheelage. For the use of Jacksonville Terminal
property, including station and connecting tracks, the annual charge is $7,000 and a
proportion of the cost of maintenance. The agreement with the Belt Ry. Co. of
Montgomery is for the use of certain lines and terminals in Montgomery at an annual
charge of $15,531.12.
4. Joint Interests. — This company and the Louisville and Nashville RR. Co. are
joint lessees of the Georgia RR. and joint owners of the Atlanta Belt Line Co. This com-
pany owns a one-sixth interest in the Richmond-Washington Co. and a one-third interest
in the Chesapeake Steamship Co. The Richmond- Washington Co. is a corporation formed
for the purpose of operating the railroad connecting the south end of the Long Bridge, at
Washington, D. C., with Richmond, Va. The Chesapeake Steamship Co. operates steam-
ship lines between Baltimore and Norfolk, and between Baltimore and York River in
Virginia. The Wilmington Ry. Bridge is owned by this company and the Seaboard Air
Line RR., conjointly, and its bonds are guaranteed by the owners, each one-half. A joint
passenger station at Columbia, S. C., has been constructed by this company and the
Southern Ry. Co., and committees have in charge the erection of union passenger stations
at Augusta, Ga., and at Charleston, S. C.
5. Rolling Stock, June 30, 1002. — Locomotives, 109; dummies, 2. Cars — passenger,
103; combination, 33; baggage, express, and postal, 46; freight (box, 4,440; stock, 56;
flat, 1,581; log, 560), 6,646 — total revenue cars, 6,828. Also 292 service cars. The com-
pany also owns one tug boat, one passenger barge, and eight freight barges.
5a. Rolling Stock, July, 1, 1902.— Locomotives, 424. Cars — passenger, mail, bag-
gage and express, 477; freight, 13,071 — total, 13,548. Against this equipment there is a
liability, under car trusts unmatured, amounting to $140,000 on July 1, 1003. (See
Sec. 12).
6. Operations, year ending June 30, 1902. — Train mileage — passenger, 2,193,620;
freight, 2,417,629; mixed, 208,907; other, 29,808— total, 4,849,964 miles. Passengers car-
ried, 1,699,542; carried one mile, 82,179,619; average mile rate, 2.14 cents. Tons freight
moved, 3,147,453; moved one mile, 434,696,989; average ton-mile rate, 1.38 cents.
EARNINGS.
Puwngcr
1900-01 1901-02
(1,759.05m.) (1,756.50m.)
... $1,541,39233 Cl,753,81267
Freight.
5,620,400 18 5,978, 109 21
Mail and Express.
459,81035 460,11066
Miscellaneous
293 436 48 357,493 60
Totals.
17,915,099 34 $8,549,526 14
Averages per Mile. ..
4.499 65 4.867 36
EXPENSES.
1900-01 1901-02
(1,759.05m.) (1.756.50m.)
Maint. of Way and Structures.. $1,087,00500 $1,276,82439
Maintenance Equipment 1,069,066 62 943 000 00
Conducting Transportation 2,289,832 20 2,313 352 09
General Expenses 198,92545 205,81082
Totals $4,644,829 27 $4,738,987 30
Averages per Mile 2,64853 2,69797
Net earnings, 1901-02 (44.57 p. c.J, $3,810.538.84; other income, $61,625.75— total,
$3,872,164.59. Payments: Taxes, $360,000; interest on funded debt, $1,189,995; other
interest, $8,181.60; rentals ( Central RR. of S. C., $31,000; South Carolina Pacific, $6,276),
$37,276; dividends on preferred stock (5 p. c.), $942,500; on common stock (3^ p. c.),
POOR'S MANUAL ATLANTIC COAST LINK RR. CO. 205
$556,157 — totaJ, $3,094,109.60. Surplus, $778,054.99; surplus forward, $2,357,169.31—
total, $3,135,224.30. Deductions for year, $4,295.05. Surplus, June 30, 1902, $3,130,929.25.
6a. Supplementary Income Account, 6 months ending Dec. 31, 1902.
Earnings -Passenger $1,685,114
Freight 6,583,670
Mail and Express 455,465
Miscellaneous 227,888
Total $8,952,137
Expenses— Maint. Way and Structures. . .$1,261,780
Maintenance of Equipment... 1,410,343
Conducting Transportation — 2,743,107
General Expenses 292,274
Total $5.707,504
Net earnings (36.24 p. c.), $3,244,633; other income, $257,500 — total, $3,502,133.
Deductions: Interest on funded debt, $1,762,512; on certificates of indebtedness, etc.,
$546,129— total, $2,308,641. Net profit, $1,193,492.
7. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $66,989,31914
Other Investments (see Sec. 13) 735,41774
Agents, Railroads, and Others 4,065,90116
Bills Receivable 28,000 00
Deposited to Pay Coupons & Divid's. . 309,951 56
Cash on Hand 250,098 89
Common Stock $23,150,000 00
Preferred Stock 18,850,00000
Certificates of Indebted, (see Sec. 9) . 5,880,000 00
Funded Debt ( see Sec. 10 ) 18.646,500 00
Current Liabilities 2,721,25924
Profit and Loss 3,130,92925
Total Asssts $72,378,688 49 Total Liabilities $72,378,68849
8. Capital Stock. — The capital stock outstanding on June 30, 1902, as shown by the general
balance sheet of that date, consisted of $23,150,000 of common stock and $18,850,000 of 5 p. c.
non-cumulative preferred stock, the common stock including $7,259,800, issued under the terms of
the consolidation agreement with the Savannah, Florida and Western Ry. Co. At the time of that
consolidation it was decided to retire the preferred stock, at the option of the individual holders of
that stock, by offering in exchange for it 125 p. c. of its face in certificates of indebtedness bearing
interest at the rate of 4 p. c. per annum. Up to March 1, 1903, $17,080,000 of the preferred stock
was thus converted into certificates of indebtedness, leaving only $1,770,000 of it outstanding. The
holders of the outstanding preferred stock have the privilege of converting their shares into cer-
tificates of indebtedness, at any time, under the stated terms. In connection with the agreement to
purchase the control of the Louisville and Nashville RR. Co. (see Sec. 2) the authorized common
stock was increased from $23,150,000 to $38,150,000. Of the $15,000,000 additional stock, $13,-
500,000 has been issued, $5,000,000 of it having been delivered in part payment for the shares of
L. & N. stock purchased, while the remaining $8,500,000 was sold to the stockholders of the com-
pany, at the price of $125 per share, to produce the $10,000,000 cash required under the agreement.
This increases the outstanding common stock of the company to $36,650,000 as of March 1, 1903.
The common stock includes the $1,000,000 Class A stock of the Atlantic Coast Line RR. Co. of
Virginia, which was issued on account of the original stock of the former Richmond and Petersburg
RR. Co., and which is exempt from taxation in Virginia. The preferred stock has priority over the
common stock for dividends at the rate of 5 p. c. per annum, non-cumulative, but is not entitled to
any further share of the yearly net profits.
9. Certificates of Indebtedness. — On June 30, 1902, there were outstanding $2,500,000
of irredeemable 7 p. c. certificates and $380,000 of special trust 6 p. tf. certificates of the Wilming-
ton and Weldon RR. Co., and $3,000,000 of 4 p. c. certificates of the Atlantic Coast Line RR. Co.
In the first consolidated mortgage dated June 16, 1902, provision was made for the retirement of all
three issues, the Wilmington and Weldon 7s at 175, the Wilmington and Weldon 6s at 150 and the
Atlantic Coast Line 4s at par. On March 1, 1903, there remained outstanding $844,800 of the Wil-
mington and Weldon 7s, $210,000 of the Wilmington and Weldon 6s and $980,300 of the Atlantic
Coast Line 4s — a total of $2,035,000. At the same time there were outstanding $21,350,000 of the
4 p. c. certificates issued in exchange for the preferred stock retired as per Sec. 8. The Wilming-
ton and Weldon 6s are redeemable in 1937 ; the other issues are irredeemable, except with the con-
sent of the individual certificate-holders. Interest is payable in April and Oct. on the Wilmington
and Weldon 7s ; in May and Nov. on the Wilmington and Weldon 6s and on the Atlantic Coast
Line new 4s ; in Jan. and July on the Atlantic Coast Line old 4s. (See Sec. lOa.)
10. Funded Debt. — The funded debt as per general balance sheet of June 30, 1902, repre-
sented seventeen issues of bonds outstanding upon the property of the Atlantic Coast Line RR. Co.
previous to that company's absorption of the Savannah, Florida and Western Ry. Co. Secured upon
the property of the latter there were ten issues of bonds, aggregating $28,906,500 in amount, and
these the Atlantic Coast Line RR. Co. assumed in the consolidation. Provision was made in the
consolidation agreement for an issue of 1st consol. mtge. bonds to the amount of $80,000,000, of
which bonds amounting to $28,760,300 have been issued, $10,638,000 of them In part payment for
the Savannah, Florida and Western property, $12,451,000 for the retirement of an equal amount
of consol. mtge. bonds of the Savannah, Florida and Western Ry. Co., $5,171,300 for the retirement
of $3,844,900 of the $5,880,000 certificates of indebtedness of the Atlantic Coast Line RR. Co. that
were outstanding on June 30, 1902, and $500,000 for new equipment. In part payment for the con-
trolling interest acquired in the capital stock of the Louisville and Nashville RR. Co. (see Section
2), $35,000,000 of collateral trust bonds were issued in Nov., 1902. The funded debt outstanding
on March 1, 1903, therefore, amounted to $98,822,000, as follows:
$28,7OO,:H>0 1st consol. gold 4s of July 1, 1952.
part of a total authorized of $80,000,000, issuable
at not exceeding the rate of $20,000 per mile of
completed road, including all underlying bonds.
Of the $51,239,700 of unissued bonds, $35,102,000 are
reserved for the retirement of $18,646,500 underly-
ing bonds of the Atlantic Coast Line RR. Co.
and of $16,455,500 underlying bonds of the Savan-
nah, Florida and Western Ry. Co., $2,773,700 are
reserved for the retirement of $2,035,100 certifi-
cates of indebtedness of the Atlantic Coast Line
RR. Co., and the remaining $13,364,000, together
with any bonds not needed for the other purposes
specified, are to be issued from time to time for
the acquisition of additional railways and rail-
way property and for improvements and addi-
tional equipment. The bonds are secured, sub-
ject to prior liens, on the entire property of tbe
206
POOR'8 MANF.U. OK RAILROADS SOUTH ATLANTIC GROUP.
company except lands not used nor intended to
be uJsed (or railway purposes, and will be secured
on any railw.i> I rroafter acquired by issue of
bonds secured by the same mortgage. At present
they are secured by flr.-U mortgage on the follow-
ing lines : High Springs to Archer. Kla., 23.06
miles; Morriston to Juliette, Fla., 12.30 miles;
Inverness to Barlow, Kla., 75.42 miles ; Sanford
to Port Tampa, Fla., 123.76 miles ; Sanford to
Lake Charm, Fla., 17.60 miles'; Sanford to Lake
EustiB, Fla., 28.62 miles ; Astor to Leesburg, Fla..
37.94 miles ; Fort Mason to Lane Park. Fla., 9.48
miles ; K isslinmee to Narcoossee, Fla., 14.40
miles ; linrtow Junction to Bartow, Fla., 16.20
miles ; Tampa Junction to Thonotosassa, Fla.,
13.33 miles ; Tbomasville, Ga., to Monticello, Fla.,
23.97 miles; Walterboro to Ehrhardt, S. C., 24.22
miles ; Abbeville Junction to Abbeville, Ala., 26.90
miles; Newton to Elba, Ala., 37.22 miles; Jesup
to Folkston, Ala., 54 miles ; Sprague Junction to
Luverne, Ala., 32.92 miles— total, 571.34 miles.
$34O.5OO Richmond & Petersburg RR. 1st
mtge. bonds ($24,500 of them 7s and $316,000 of
them 6s), due May 1, 1915. Secured on the line
from Richmond to Petersburg, Va., 23 miles.
93OO,OOO Richmond & Petersburg RR. consol.
gold 4Ja of April 1, 1940. Secured by first mort-
gage on the branch from Clopton to James River,
Va., 4.55 miles, and by second mortgage on the
line from Richmond to Petersburg, Va., 23 miles.
$1,668.OOO Petersburg RR. 1st mtge. gold
bonds — Class A, $868,000 5s of July 1, 1926 ; Class
B, $800,000 6s of Oct. 1, 1926. Secured equally, but
by different mortgages, on the line from Peters-
burg, Va., to Gary, N. C., 58 miles.
$ 1,32O,OOO Norfolk & Carolina RR. 1st gold 5s
of April 1, 1939. Secured on the line from Pin-
ner's Point (Norfolk), Va., to Tarboro, N. C.,
100.49 miles, on the Pig Point, Bennetts Pasture
and Portsmouth Branches, 9.21 miles, and on 1.63
miles of spurs — a total of 111.33 miles.
$4OO,OOO Norfolk & Carolina RR. 2d gold 5s of
Jan. 1, 1946. Secured on the same lines as the
1st mtge. bonds.
$4,OOO.OOO Wilmington & Weldon RR. gen. 1st
mtge. gold bonus of July 1, 1935, $3,062,000 of them
5s and $938,000 4s. Secured equally on the follow-
ing lines : Wilmington to Weldon, N. C., 161.4
miles ; Fender to Kinston, N. C., 85.82 miles ;
Goldsboro Junction to Smit£field, N. C., 21.5
miles ; Contentnea, N. C., to South Carolina State
Line In the direction of Pee Dee, 116.2 miles ;
Elrod, N. C., to Boardman, S. C., 21.38 miles ;
Rocky Mount to Spring Hope, N. C., 192 miles;
Warsaw to Clinton, N. C., 13.43 miles; Parmele
to Washington, N. C., 25.39 miles ; sundry spurs,
15.88 miles — total, 480.20 miles.
$5OO,OOO Albemarle & Raleigh RR. 1st gold 4s
of Jan. 1, 1944. Secured by first mortgage on tte
Tarboro Branch, from Rocky Mount to Plymouth,
N. C., 68.27 miles.
$5OO,OOO Wilmington & New Bern RR. 1st gold
4s of Aug. 1, 1947. Secured by first mortgage on the
New Bern Branch, from Wilmington to New
Bern, N. C., 90.32 miles.
9 l.SOO.OOOKadfcin Division (W. & W. RR.) 1st
gold 4s of June 1, 1949. Secured by first mortgage
on line from Wilmington to Sanford, N. C.,
118.61 miles, and branch from Fayetteville, N. C.,
to South Carolina State Line, 46.75 miles.
$1,GOO,OOO Wilmington, Columbia & Augusta
RR. 1st gold 6s of June 1, 1910. Secured by first
mortgage on the line from Wilmington, N. C., to
Columbia, S. C., 191.7 miles.
$«57,OOO Northeastern RR. consol.. gold 6s of
Jan. 1, 1933. Secured by first mortgage on the
line from Florence to Charleston, S. C., 107.07
ii. lie-.
$9,OOO Manchester A Augusta RR. 1st gold 5s
of Jan. 1, 1943. Secured by first mortgage on the
lines from Sumter to Denmark, S. C., 64.31 miles ;
Elliott to Lucknow, S. C., 16.48 miles ; Elloree to
Pregnalls, S. C., 34.6 miles — total, 115.39 miles.
*:>.OOO Cheraw <t Darlington RR. 1st gold 5s of
April 1, 1938. Secured by first mortgage on the
line from Florence, S. C., to Wadesboro, N. C.,
64.52 miles, and on the branch from Floyds to
I.'artsville, S. C., 10 miles.
$5,547,000 Atlantic Coast Line RR. of 8. C.
•irn. p»ld 4s of July 1. 1948, part of a total
authorized of $$,000,000, the unissued bonds being
reserved us to $182,000 for improvements, etc., and
as to $2,271,000 for the retirement of the bonds
of the Wilmington, Columbia & Augusta RR.,
Northeastern RR., Manchester 6 Augusta RR.
and Cheraw & Darlington RR. Secured by first
mortgage on the lines from North Carolina State
Line to Pee Dee, 8. C., 24.63 miles ; from Den-
mark to Robbins, S. C., 34.71 miles ; from Sum-
ter Junction, S. C., to Gibson, N. C., 74.28 miles ;
from Latta to Clio, S. C., 19.78 miles ; from
Eutawville to Ferguson, S. C., 6.16 miles ; from
Hoardman to Conway, S. C., 50 miles, and from
Elloree to Creston, S. C., 6.21 miles. — a total of
215.77 miles. Also secured by second mortgage
I the bonds of the Wilmington, Columbia &
Augusta RR., Northeastern RR., Manchester &
Augusta RR. and Cheraw & Darlington RR. being
prior in lien) on the following lines : Wilming-
ton, N. C., to Columbia, S. C., 191.7 miles ; Flor-
ence to Charleston, S. C., 101.7 miles ; Florence,
S. C., to Wadesboro, N. C., 64.52 miles ; Sumter
to Denmark, S. C., 64.31 miles ; Elliott to Luck-
now, S. C., 16.48 miles ; Floyds to Hartsville, S.
C., 10 miles; Elloree to Pregnalls, S. C., 34.6
miles — total, 483.31 miles.
?O,5()O,OOO S., F. & W. Ry. 1st mtge. bonds of
April 1, 1934, of which $4,056,000 are 6 p. c. gold
bonds and $2,444,000 5 p. c. gold bonds. Secured
on lines aggregating 545.5 miles in length, as
follows : Savannah to Bainbridge, Ga., 237.5
miles ; Bainbridge Junction, Ga., to Chattahoo-
chee, Fla., 30.4 miles ; Dupont, Ga., to Gaines-
ville, Fla., 118.1 miles ; Lake City Junction to
Lake City, Fla., 18.7 miles ; Waycross, Ga., to
Jacksonville, Fla., 75.4 miles ; Southover Junc-
tion (2.5 miles from Savannah) to Central Junc-
tion, Ga., 4.1 miles ; Savannah River Branch and
wharf, 3 miles ; Thomasville to Albany, Ga., 58.3
miles.
$ 1.5OO.OOO S., F. & W. Ry., St. John's River
Div. 1st gold 4s of July 1, 1934. Secured by first
mortgage on the line from Jacksonville to San-
ford, Fla., 124.68 miles, and on the branch from
Beresford to De Land, Fla., 4 miles. These bonds
are redeemable at par and accrued interest on
any 1st of Jan. up to and including Jan. 1, 1905.
$2,8OO,OOO Alabama Midland Ry. 1st gold 5»
of Nov. 1, 1928. Secured by first mortgage on the
line from Bainbridge, Ga., to Montgomery, Ala.,
174 miles.
$3,OOO,OOO Brunswick and Western Ry. 1st
gold 4s of Jan. 1, 1938. Secured by first mort-
gage on the line from Brunswick to Albany, Ga.,
170.4 miles.
$1,5OO,OOO Charleston and Savannah Ry. 1st
gold 7s of Jan. 1, 1936. Secured by first mortgage
on the line from Ashley River, S. C., to Central
Junction, Ga., 97 miles, and on the branch from
Havenel to Young's Island, S. C., 5.6 miles.
$33,5OO Ashley River RR. 1st 8s of Jan. 1, 1915.
Secured by first mortgage on the line from Ash-
ley River to Ashley Junction, S. C., and branch.
10.15 miles.
$15,OOO Green Pond, Walterboro and Branch-
vine RR. 1st 7s of May 1, 1907. Secured by first
mortgage on the line from Green Pond to Walter-
boro, S. C., 13.45 miles. See Sec. lOa.
if 1.OO7.0OO Silver Springs, Ocala and Gulf RR.
1st gold 4s of July 1, 1918. Secured by first mort-
gage on the lines from Ocala to Inverness, Fla.,
42.02 miles, and from Gulf Junction to Hoirto-
sasga, Fla., 21.9 miles; on 9.75 miles of phosphate
spurs, and on land grant to the extent of 4,000
acres per mile. It Is provided that the proceeds
of land sales shall be applied to the creation of
a sinking fund for the retirement of the bonds.
$35,000,000 L. d N. collateral gold 4s of Oct.
1, 1952. Secured by deposit of $30,600,000 of the
capital stock of the Louisville and Nashville RR.
POOR S MANUAL ATLANTIC COAST LINE3 SYSTEM.
207
Co. These bonds are subject to redemption on
any interest day after two months' notice, in
amounts not less than $100,000, at 105 p. c. and
accrued Interest. No registered bonds can be
redeemed until after all the coupon bonds shall
have been called for redemption.
lOa. Changes in Funded Debt. — Between March 1 and June 6, 1903, $5,825,050 ad-
ditional 1st consol. mtge. bonds were issued, $2,497,250 of them for the retirement of $731,400 of
the 7 p. c. certificates of indebtedness of the Wilmington and Weldon, $210,000 6 p. c. certifi-
cates of indebtedness of the same company, and $902,300 of the 4 p. c. certificates of indebtedness
of the Atlantic Coast Line RR. Co., on the terms of exchange stated in Sec. 9 ; $15,000 of them
for the retirement of $15,000 1st mtge. bonds of the Green Pond, Walterboro and Branchville
RR. ; $2,072,800 of them for the retirement of $1,804,000 1st mtge. bonds of the Florida Southern
RR. Co. and of $500,000 1st mtge. bonds of the Sanford and St. Petersburg RR. Co. ; $740,000 of
them for the acquisition of the railways and railway property of the Florida Southern RR. Co.,
and $500,000 for additional rolling stock. The total amount of the 1st consol. mtge. bonds now
outstanding is $34,585,350, and the total amount of bonded debt, $104,632,350.
11. Guaranteed Bonds. — The Atlantic Coast Line RR. Co. and the Seaboard Air Line RR.
guarantee, each one-half, the principal and interest of $315,000 7 p. c. bonds of the Wilmington Ry.
Bridge Co. The Savannah, Florida and Western Ry. Co. guaranteed, both as to principal and inter-
est, the $4,241,000 1st mtge. 4 p. c. bonds of The Florida Southern Ry. Co., and $300,000 of the
$775,000 1st mtge. bonds of the Sanford and St. Petersburg RR. Co., and those guaranties, although
not formally assumed, are recognized as a liability by the Atlantic Coast Line RR. Co. (See
Sec. lOa.)
12. Equipment Trust Obligations. — On March 1, 1903, there were outstanding $150,-
000 of car trust obligations, bearing interest at the rate of 5 p. c. per annum and payable In
quarterly installments of $10,000 each from June 1, 1903, to Dec. 1, 1906.
13. Other Investments. — On June 30, 1902, this item consisted of the following : $500,-
000 of A. C. L. RR. of S. C. bonds, deposited to secure the Georgia RR. lease ; $16,000 of South Caro-
lina State bonds, deposited to secure the Central RR. of S. C. lease, $36,076.40 of stock of the At-
lantic Coast Line Terminal Co., Augusta ; $39,779.34 of stock of the Atlantic Land and Improvement
Co. ; $100,000 of stock of the Chesapeake Steamship Co. ; $13,330 of stock of the S. C. Interstate
and West India Exposition; $11,832 of stock of the Carolina Ry. Co.; $10,000 of stock of the
Columbia, Newberry and Laurens RR. ; $1,000 of stock of the Richland Cotton Mills ; $400 of stock
of the Retreat for the Sick and $7,000 of stock of the Atlantic Compress Co. The holding of stock
of the Atlantic Land and Improvement Co. was afterwards increased to $666,000 and the total of
securities owned to $1,364,408.40.
14. RAILROADS LEASED BY THE ATLANTIC COAST LINE RR. Co.
CENTRAL, RR. OP S. C.— Lanes to Sumter,
S. C., 40.2 m. ; spurs, 1.51 m. — total, 41.71 m. ;
total track (steel, 40.2 m.), 43.68 miles. Rail,
56 Ibs.
HISTORY. — Chartered March 8, 1881; road
opened April 1, 1882. The road is leased to the
Atlantic Coast Line RR. Co. of S. C., the rental
being $30,000 a year and $1,000 for organization
expenses. From this rental are paid interest on
bonds and dividends of 7 3-10 p. c. on the stock.
FINANCIAL STATEMENT. — Capital stock
($50 shares), $170,000. Funded debt (1st 6s of
1921), $300,000.
CORPORATE OFFICERS. — S. S. Solomons,
Pres. ; J. S. Cohen, Sec. & Treas., Charleston,
S. C. Office, 24 Broad Street, Charleston, S. C.
SOUTH CAROLINA PACIFIC RY North
Carolina State Line to Bennettsville, S. C., 10.50
m. ; total track (steel, 10.5 m.), 12.23 miles. Rail,
BO Ibs.
HISTORY.— Chartered Feb. 9, 1882; road
opened Dec. 5, 1894. Leased till Dec. 5, 1924, to
the A. C. L. RR. Co. ; rental, interest on bonds.
FINANCIAL STATEMENT. — Capital stock,
$100,000; funded debt (1st 6s of 1914), $104,600.
CORPORATE OFFICERS. — W. A. Lash, Pres.,
Greensboro', N. C. ; C. S. McCall, Sec., Bennetts-
ville, S. C.
"WINSTON AND BONE VALLEY RY. —
Winston to Tiger Bay, Fla., 25.3 m. ; branches and
spurs, 4.33 m. — total, 29.63 miles. Rail (steel),
40 Ibs.
HISTORY. — Chartered Jan. 29, 1892; road
opened toward the close of 1892. Projected to the
mouth of the Manatee River, 60 miles. Leased
Jan. 1, 1900, to the Savannah, Florida and West-
ern Ry. ; lease assumed by the Atlantic Coast
Line RR. Co., May 12, 1902. Rental, $6,000 per
annum. The lease is terminable on 90 days' writ-
ten notice by either party. Capital stock, $30,000.
CORPORATE OFFICERS. — R. G. Erwin, Pres.,
Savannah, Ga. ; M. F. Plant, Vice-Pres. ; R. B.
Smith, Sec., New York, N. Y. ; J. Moultrie Lee,
Treas., Savannah, Ga. Office, Jacksonville, Fla.
15. Board of Directors, Atlantic Coast Line RR. Co., as constituted March 1, 1903.
H. WALTERS, Chairman of the Board Baltimore, Md.
M. Jenkins Baltimore, Md.
W. Newcomer. .
P. W. Scott Richmond, Va.
D. W. Lassiter.. Petersburg, Va.
M. F. Plant.. New York, N. Y.
D. MacRae. .Wilmington, N. C.
H.B.Short.Lake Waccamaw.N.C.
J. J. Lucas.. Society Hill, S. C.
E. B. Borden. .Goldsboro, N. C.
J. H. Estill Savannah, Ga.
H. Walters Baltimore, Md.
W. G. Elliott..
R. G. ERWIN, President New York, N. Y.
Alexander Hamilton, 1st V ice-President Petersburg, Va.
C. S. Gadsden, 2d V 'ice-President Charleston, S. C.
T. M. Emerson, 3d Vice- President Wilmington, N. C.
J. R. Kenly, 4th V 'ice-President and Gen. Manager.. " "
Secretory — H. L. Borden New York, N. Y. | Treasurer — James F. Post — Wilmington, N. C.
PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.
BAILBOADS ABSORBED BY THE ATLANTIC COAST LIKE RR. CO. AFTER JUNE 30, 1902.
SANFORD AND ST. PETERSBURG RY. — Sanford to St. Petersburg, Fla., 153.33
miles. Sidings, etc., 11.50 miles. Gauges, 3 ft. and 4 ft. 8$ In. Rail (steel), 25 and 60
Ibs. Organized Oct. 26, 1893, to take over the property of the Orange Belt Ry. Co., which was
208 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
sold under foreclosure In March, 1893. In April, 1902, the Atlantic Coast Line Co. purchased
the control of this company from the Plant Investment Co., and on March 19, 1903,
direct title to the property was acquired by the Atlantic Coast Line RR. Co. Locomotives, 3.
Care — passenger, 6; freight (box, 29; flat, 5), 34; service, 3 — total, 43.
Operations* year ending June 30, 1902. — Trains run (passenger, 79,994; freight, 43,166;
mixed, 07,892), 191,052 miles. Passengers carried, 48,732; carried one mile, 1,293,520. Tons
freight moved, 61,411; ton-miles, 2,508,752. Earnings (passenger, $36,386.25; freight, $83,-
647.34; mall and express, $19,903.33; other, $534.28), $140,471.20. Operating expenses, $141,-
266.67. Deficit from operations, $795.47 ; miscellaneous income, $1,756.16 ; net income, $960.69.
Charges: Interest on bonds, $31,000; other interest, $199.66; taxes, $11,718.92 — total, $42,-
918.58. Deficit for year, $41,957.89; deficit forward, $402,288.83 — total, $443,948.31.
General Balance Sheet, . I "no 30, 1902. — Capital stock ($100 shares), $600,000; funded
debt (1st 4s of Jan. 1, 1924), $775,000; current liabilities, $465,856; taxes accrued, not due,
$5,860 — total, $1,846,716. Contra : Cost of road and equipment, $1,375,000 ; materials, etc., $387 ;
cash and current assets, $27,381 ; profit and loss, $443,948 — total, $1,846,716.
Bonds Retired. — Since the date of the general balance sheet, $500,000 of the bonds
have been retired at 90 by Issue of 1st consol. mtge. bonds of the Atlantic Coast Line RR. Co.
The remaining $275,000 may be retired in the same way before Jan. 1, 1904.
THE FLORIDA SOUTHERN RR. — Palatka to Brooksville, Pla., 145 m. ; Bartow to
Punta Gorda, Fla., 73.15 m. Branches, Gainesville, 9.29 m. ; Micanopy, 3.11 m. ; Tacoina, 5.25 m. ;
Citra, 6.40 m. ; Lake Harris, 1.33 m. — total, 243.53 miles. Sidings, etc., 30.60 miles. Gauge,
4 ft. 8| In. Rail (steel), 40, 50, 56, and 65 Ibs. Reorganization of the Florida Southern Ry. Co..
whose property was sold under foreclosure on March 7, 1892 (see MAMUAL for 1892, pages 239
and 1150.) In April, 1902, the Atlantic Coast Line Co. purchased the control of this company
from the Plant Investment Co., and on March 19, 1903, direct title to the property was acquired
by the Atlantic Coast Line RR. Co. Locomotives, 9. Cars — passenger, 19 ; baggage, mail and
express, 4; freight (box, 145; flat, 122; stock, 6; caboose, 9), 282; service, 9 — total, 314.
Operations, year ending June 30, 1902. — Trains run (passenger, 203,549; freight, 152,089;
mixed, 63,753), 419,391 miles. Passengers carried, 114,522; carried one mile, 3,998,120; aver-
age mile rate, 2.9 cents. Tons freight moved, 251,157 ; ton-miles, 11,456,213 ; average ton-mile
rate, 2.58 cents. Earnings (passenger, $115,972.07; freight, $295,770.80; mail and express,
$64,277.18; other, $3,781.85), $479,801.90. Operating expenses, $362,528.59. Net earnings
$117,273.31; other receipts, $5,503.08 — total, $122,776.39. Charges: Interest on bonds, $169,-
640; taxes, $31,932.46 — total, $201,572.46. Deficit, $78,796.07; deficit forward ($1,203,255.42;
less credits during year, $222.92), $1,203,032.50 — total deficit, $1,281,828.57.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,725,000; funded
debt, $4,241,000; current liabilities, $1,462,478.49 — total, $7,428,478.49. Contra: Cost of road
and equipment, $5,966,000 ; materials etc., $1,583.37 ; cash and current assets, $179 066 55 •
profit and loss, $1,281,828.57 — total, $7,428,478.49.
Funded Debt. — The funded debt consists of ($5,000,000 auth.) 1st 4s of Jan. 1, 1945,
secured on the company's property. The bonds are guaranteed, by endorsement, principal and in-
terest, by the S., F. & W. Ry. Co. Since the date of the general balance sheet, $1,804,000 of them
have been retired at 90, by issue of 1st consol. mtge. bonds of the Atlantic Coast Line RR. Co.
The remainder may be retired in the same way before Jan. 1, 1904.
CHARLESTON AND WESTERN CAROLINA RAILWAY COMPANY.
(Controlled by Atlantic Coast Line Co.)
1. Main Line of Road.— Port Royal, S. C., to Augusta, Ga., 112.12 m.
Spartanburg Division: Augusta, Ga., to Spartanburg, S. C 133.30m. — 245.42 miles.
Anderson Branch: McCormick to Anderson, S. C 57.75 "
Greenville Branch : Laurens to Greenville, S. C 36.41 "
Total length of lines, all owned and operated, June 30, 1902 339.58 miles.
Sidings (including Augusta Terminal tracks), 50.53 miles. Gauge, 4 ft. 9 in. Rail (steel
367.47 m.), 56 to 70 Ibs.
2. History. -Consolidation in Sept., 1896, of the Port Royal and Augusta, and the
Port Royal and Western Carolina Ry. Cos. (see MANUAL for 1897, page 824).
3. Rolling Stock, June 30, 1902.— Locomotives 29. Cars— passenger, 14; combi-
nation, 14; freight (box, 646; flat, 152; coal, 50; tank, 6; stock, 6), 860; service cars 37
—total cars, 925.
4. Operations, year ending June 30, 1902.— Train mileage— passenger, 299,434;
freight, 368,649; mixed, 27,126; other, 179,984— total, 875,193 miles. Passengers carried,
213,954; carried one mile, 6,052,223; average mile rate, 2.57 cents. Tons freight moved,'
580,697; moved one mile, 44,063,041; average ton-mile rate, 1.56 cents.
EARNINGS. 1900-01 1901-02
Passenger $166.368 62 $155,659 10
Freight 675,252 64 689,785 04
Mail and Express 30,63474 30,33201
Miscellaneous 92,04078 87,98405
Totals $963,29668 $963,760 20
Averages per mile 2,83673 2,83809
EXPENSES. 1900-01 1901-02
Maint. of Way and Struc. ... $244,006 64 $242,87233
Maintenance of Equipment. . 109,36431 105,28646
Conducting Transportation . 353,682 81 339,816 20
General Expenses 23,48990 23,26332
Totals $730,54366 $711,23830
Averages per mile 2,16132 2,09446
POOR'S MANUAL OF RAILROADS.
209
Net earnings, 1901-02 (26.22 p. c.), $252,521.90; other receipts, $4,181.10— total,
$256,703. Payments: Interest on funded debt, $136,000; on Augusta Terminal bonda,
$36,000; other interest, $2,729.81; taxes, $43,200 — total, $217,929.81. Surplus, $38,773.19;
deficit forward, $20,541.04; charges to profit and loss, $18,000 — total, $38,541.04. Net
surplus, June 30, 1902, $232.15.
5. General Balance Sheet, June 30, 1902.
Cost of Property $6,328,90854
Securities in Treasury.
Materials and Supplies.
56,664 19
3,656 7
Cash and Current Assets 460,192 81
Capital Stock (flOO shares) $1,200,00000
Funded Debt (see below) 5,100,00000
Leasehold Estate 50,00000
Current Liabilities 456,19012
Interest Accrued.
Profit and Loss.
43,00000
232 15
Total Assets $6,849,422 27 Total Liabilities $6,849,422 27
6. Funded Debt. — The funded debt consists of $2,720,000 ($8,000 per mile auth.) 1st gold
5s of Oct. 1, 1946, and $2,380,000 2d inc. 5s of Oct. 1, 1946. The company guarantees, both prin-
cipal and interest, the $600,000 1st 6s of the Augusta Terminal Ry. (see appended statement).
7. PROPRIETARY RAILWAY.
AUGUSTA TERMINAL, RY. — Hawk's Gully
on C. & W. C. Ry. to Augusta, Ga., 4 miles. Rail
(steel), 70 Ibs.
HISTORY.— Chartered March 19, 1897; opened
Sept. 1, 1897. Leased in perpetuity, April 1, 1897,
to the C. & W. C. Ry. Co. at a rent not to exceed
$36,000 per annum, besides organization expenses.
(See Manual for 1899, page 400.)
FINANCIAL STATEMENT. — Capital stock
($100 shares), $200,000; funded debt (1st gold 6s
of April 1, 1947), $600,000 — total, $800,000. Contra:
Cost of road, $600,000 ; rolling stock (3 locomotives
and 25 box freight cars), $125,000; real estate and
buildings, $75,000— total, $800,000.
The C. & W. C. Ry. Co. owns the entire capital
stock and guarantees the bonds, both as to prin-
cipal and interest.
CORPORATE OFFICERS. — W. J. Craig, Pros.,
Sec. £ Treas., Wilmington, N. C.
8. Board of Directors, C. & W. C. Ry, Co., as constituted April 1, 1903.
J. O. C. Fleming. .Laurens, S.C.
J. P. Daughty — Augusta, Ga.
J. A. Brock Anderson, S. C.
M. Jenkins Baltimore, Md. I J.B.Cleveland. .Spartanburg.S.C.
H. Walters " I Avery Patton. .Greenville, S. C.
W. G. Elliott. .Wilmington.N.C. I A.F.McKissick.. Greenwood, S.C.
JOHN B. CLEVELAND, President Spartanburg, S. C.
H. Walters, V ice-President Wilmington, N. C.
Treas. — James F. Post Wilmington, N. C. \ Sec. — R. D. Cronly Wilmington, N. C.
PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.
Baltimore Office .. ..13 South Street.
NORTHWESTERN RAILROAD COMPANY OF SOUTH CAROLINA.
(Controlled by Atlantic Coast Line Co.)
1. Main Line of Road Owned — Camden to Wilson's Mill, S. C 61.60 miles.
St. Paul Branch: Mailard to St. Paul, S. C 3.70
f Atlantic Coast Line RR.: Sumter to Sumter June., S. C 0.32
TRACKAGE: •] Southern Ry.: Camden Jc. to South Carolina and Georgia RR. 3.25
(. South Carolina and Georgia RR. : So. Ry. June, to Camden, S.C 0.75
Total length of lines operated, Juno 30, 1902 (owned, 65.3 miles) 69.62 miles.
Sidings, 1.20 miles. Gauge, 4 ft. 9 in. Steel rail, 48.50 miles; weight not reported.
2. History.— Chartered as Wilson and Summerton RR. Co., July 30, 1889; present
name adopted on March 18, 1899. (See MANUAL for 1900, page 349.) The extension
from Sumter to Camden, S. C., 24.6 miles, was opened for traffic on Oct. 17, 1900. The
company owns 4 locomotives, 4 passenger cars and 1 baggage, etc., car.
3. Operations, year ending June 30, 1902. — Trains run (passenger, 10,080; freight,
55,394; mixed, 20,980), 86,454 miles. Passenger and freight traffic, not reported. Earn-
ings (passenger, $12,949; freight, $66,679; other, $2,520), $82,148. Operating ex-
penses, $41,149. Net earnings, $40,999; other receipts, $841 — total, $41,840. Payments:
Interest on bonds, $11,400; taxes, $3,950; dividends (6 p. c.), $6,000— total, $21,350.
210
POOR'S MANUAL OF RAILROADS SOUTH ATLANTIC GROUP.
Surplus, $20,490; surplus forward, $29,246 — total, $49,736. Less special distribution of
assets to stockholders, $23,783. Net surplus June 30, 1902, $25,953.
4. General Balance Sheet, June SO, 1902. — Capital stock ($200,000 auth.; $100
shares), $100,000; funded debt (gen. 1st gold 4s of April 1, 1949), $285,000; current
liabilities, $16,734; profit and loss, $25,953 — total, $427,687. Contra: Cost of road and
equipment, $386,183; cash and current assets, $41,504— total, $427,687.
5. Directors (elected Nov. 19, 1902).— W. G. Elliott, J. F. Divine, J. R. Kenly, Wil-
mington, N. C. ; II. Walters, Baltimore, Md.; J. F. Rhame, Manning, S. C.
THOMAS WILSON, President Salem, S. C.
Sec. <£ Trcas. — James F. Post.. .Wilmington, N. C. | Comptroller — H. C. Prince Wilmington, N. C.
PRINCIPAL OFFICE Charleston, S. C.
CENTRAL OF GEORGIA RAILWAY COMPANY.
(For map of this system, see page 211.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 13
Earnings, Expenses, etc. ...4, 4a
Equipment Trust Obligations 10
Funded Debt, Description of.. 8
General Balance Sbeet 5
Gen. Bal. Sheet, 1896-1902 9
Guaranties, Details of 11
History 2
Income Account 4
Income Account, 1896-1902 9
Investments, Particulars of. . 6
Leased Lines, Statements of. 12
Mileage Operated 1
Operations & Income, 1896-1902. 9
Proprietary Road, State, of. . . 12
Rolling Stock 3, 3a
Stocks & Bonds Owned, List of. 7
1. Mileage Operated, June 30, 1902.— A. OWNED IN FEE (total, 1,432.29 miles).
Main Line: Savannah to Atlanta, Ga 294.73 miles.
Tybec Branch : Savannah to Tybee, Ga 17.70
Lyons Branch: Meldrim to Lyons, Ga 58.09 "
Oconee Division: Dover to Bruton, Ga 77.02 "
Middle Georgia Division: Gordon to Covington, Ga 81.89 "
Porterdale Branch: Covington to Porterdale, Ga 4.05 "
Macon and Northern Division: Macon Junction to Athens, Ga 101.78 "
Chattanooga Division: Griffin, Ga., to Chattanooga, Tenn 197.57 "
Columbus Division: Americus to Columbus, Ga 62.34 "
Greenville Branch: Columbus to Greenville, Ga. (n. g.) 49.51 "
Birmingham Division: Columbus, Ga., to Birmingham, Ala 156.34 "
Roanoke Branch: Opelika to Roanoke, Ala 36.12 "
Mobile and Girard Division: Columbus, Ga., to Andalusia, Ala 137.96 "
Montgomery and Eufaula Division: Montgomery to Eufaula, Ala 79.65 "
Ozark Branch : Eufaula to Ozark, Ala 60.00 "
Durham Branch: Chickamauga to Durham, Ga 17.54 "
B. PROPRIETARY ROAD: Upson County RR.: Barnesville to Thomaston, Ga. . 16.25 "
O. LEASED LINES (total, 453.50 miles) :
Augusta and Savannah RR. : Millen to Augusta, Ga 53.21 "
Chattahoochee and Gulf RR.: Columbia to Sellersville, Ala 67.68 "
Southwestern RR. (see appended statement for details) 332.61 "
D. TRACK OWNED, RIGHT OF WAY LEASED : Shops to Belt Line, Chattanooga. 0.13 "
B. TRACKAGE RIGHTS: C., N. 0. d T. P. and Ala.Gt.8o.Rys.: In Chattanooga. 0.59 "
•
Total mileage of system 1,902.76 miles.
Less mileage of Lyons Branch, owned but not operated 58.09 "
Total length of lines operated, June 30, 1902 1,844.67 miles.
2d track (owned), 2.73 m. ; sidings (owned, 272.9 m.; proprietary, 0.58 m. ; leased,
84.34 m.), 357.82 miles. Gauges, 4 ft. &y2 in. and (Greenville Branch, 49.51 m.) 3 ft.
Rail— iron, 40 to 56 Ibs.; steel (owned, 1,344.62 m.; proprietary, 4.41 m.: leased, 453.50
m. ) , 40 to 80 Ibs.
2. History. — Chartered Oct. 17, 1895, and succeeded to the properties and
franchises of the Central RR. and Banking Co. of Georgia, Savannah and Atlantic Ry.
Co., Macon and Northern Ry. Co., Savannah and Western RR. Co., Montgomery and
Eufaula Ry. Co. and Mobile and Girard RR. Co. (see MANUAL for 1896, page 420). The
Middle Georgia and Atlantic Ry., from Milledgeville to Covington, Ga,, 64.57 miles, was
211
212
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
purchased on Jan. 1, 1897. An extension of the Mobile and Girard Division, from
Searight to Andalusia, Ala., 15.95 miles, was completed and opened for traffic on Sept.
24, 1899. The Bruton and Pineora Ry., from Bruton to Register, Ga., 58.14 miles,
was acquired on July 1, 1900, and the Dover and Statesboro RR., from Dover to States-
boro, Ga., 9.92 miles, on Jan. 1, 1901. The line from Statesboro to Register, Ga., 8.96
miles, connecting the Bruton and Pineora with the Dover and Statesboro, was built by
this company, being opened on June 9, 1901. The Chattanooga, Rome and Southern Ry.,
from Carrollton, Ga., to Chattanooga, Tenn., 137.57 miles, and the Chattanooga and Dur-
ham RR., from Chickamauga to Durham, Ga., 17.54 miles, were acquired on June 1, 1901.
The Lyons Branch, 58.09 miles, is operated by the Seaboard Air Line Ry., under a
perpetual lease dated April 1, 1896, at a rental of $43,500 per annum. The Upson County
RR. Co. is controlled by this company through ownership of its entire capital stock. For
information concerning the leased lines, see separate statements therefor, appended.
3. Boiling Stock, June 30, 1902. — Locomotives (». g, 211; n. g., 3), 214. Cars —
passenger, 121; sleeping, 15; chair, 2; combination, 26; baggage, mail and express, 48;
freight (box, 3,390; stock, 45; coal, 1,382; charcoal, 7; coke, 18; flat, 1,109), 5,951— total,
revenue cars, 6,163. Also, 210 service cars. Of the freight cars, 400 (box, 25; coal, 375)
are covered by equipment trusts.
3a. Rolling Stock, April 30, 1903. — Locomotives (3 narrow-gauge), 223. Cara—
passenger, 118; sleeping, 15; chair, 2; combination, 25; baggage, mail and express, 49;
freight (box, 3,861; stock, 45; coal, 1,338; charcoal, 7; coke, 18; flat, 1,088), 6,357; serv-
ice, 219 — total, 6,576. Eleven of the locomotives and 900 of the freight cars (box, 525;
coal, 375) are covered by equipment trusts (see Sec. 9).
4. General Income Account, year ending June 30, 1902.
Earnings— Passenger $1,795,502 28
Freight 5,322,038 71
Mail and Express 285,02910
Miscellaneous 348,12138
Total ($4,201.67 per mile) $7,750,69147
Net Earnings (28.64 p. c) $2,219,652 56
Income from Investments 87,75000
Rentals of Leased Property 64,544 00
Miscellaneous Income 49,380 17
Expenses— Malnt. Way and Struct.... $1,441,129 16
Maintenance of Equipment. 1,022,315 49
Conducting Transportation. 2,779,033 41
Genera] Expenses 288,560 85
Total ($2,998.39 per mile) $5,531,03881
Interest on Funded Debt $1,663,90000
Rentals 350,10400
Taxes 269.47157
Miscellaneous Deductions 14,910 66
Total, Net Income $2,421,32673 Total, Deductions $2,298,38623
Net profits for year, $122,940.50; surplus to June 30, 1901, $200,471.88— total $323,-
412.38. Debits: Interest on 1st preference income bonds (5 p. c., paid Oct. 1, 1901),
$200,000; assets and liabilities of receivers and purchasers liquidated during the year,
$520.51— total, $200,520.51. Balance, surplus June 30, 1902, $122,891.87.
4a. Earnings and Expenses, Supplementary Statement, year ending June
30, 1903, and comparison with year ending June 80, 1902. Gross earnings, 1903,
$9,164,470.53; 1902, $7,750,691.47; increase, $1,413,779.06. Expenses and taxes, 1903,
$7,092,549.61; 1902, $5,800,510.48; increase, $1,292,039.13. Net earnings, 1903,
$2,071,920.93 ; 1902 ; $1,950,180.99 ; increase, $121,739.93.
5. General Balance Sheet, June 30, 1902.
Cost of Road and Property $44,071,209 10
Equipment Owned 3,666,61401
Trust Equipment 178,13695
Investments (see Sec. 6) 6,506,600 69
Materials and Supplies 228,199 49
Deferred Assets 66,48052
Cash on Hand and in Transit 947,641 07
Current A.isets 364,17488
Total Assets $56,029,056.71
Capital Stock ($100 shares) $5,000,00000
Funded Debt (see Sec. 8) 49,146,000 00
Equipment Trust Obligations 178,76860
Reserve Funds 440,646 \)3
Accrued Liabilities 465,77019
Deferred Liabilities 1,24494
Current Liabilities 673,73428
Profit and Loss 122,89187
Total Liabilities $56,029,056 71
6. InveiitmentN. — Stocks and bonds pledged under collateral trust mortgage, $4,880,000 ;
stocks and bonds pledged under consolidated mortgage, $857,291 ; stocks and bonds not pledged
under mortgages, $667,489.81 ; leased rails, $55,419.63 ; unencumbered property acquired from
Central RR. and Banking Co., $41,900.25 ; miscellaneous, $4,500 — total, $6,506,600.69.
POOR'S MANUAL CENTRAL OF GEORGIA RT. CO.
213
7. STOCKS AND ]
Stocks.
Atlanta 4 W. Ft. RR
BONDS OWNED BY i
Total Pledged
Owned. in Trusts.
S (
188,500 188,500
1 000
•HE CEI
Un-
pledged.
Y.ooo
50,000
25,700
5,000
4,000
100
5,064
*TRAL OF GEORGIA RT
Bonds.
*Perkins Lumber Co
*Svlvania RR
. Co., Jui
Total
Owned.
i
75,000
33,000
29,000
30,000
500,000
500
1,000
100
42,000
1,589,000
VE 30, 19
Pledged
in Trusts.
$
'10,006
25,000
30,000
t375,000
02.
Un-
pledged.
75,000
23,000
4,000
Aug. & Summery. RR. Co. . .
Louisville & Wadlev RR
50,000
25700
*Louisv. 4 Wadley RR
*Talbotton RR
*0cean SS Co of Sav
2,000,000
4,000
100
40.005
1,500,000
70,000
104,300
147,500
500,000
160,000
1,995,000
C. of Ga. Ry. Consols
125,000
500
1,000
100
42,000
Sav. Cotton Excli
Sav Bd. of Trade
C. ofGa. Ry. 1st Inc. Scrip. .
C. of Ga. Ry., 2d Income
C. of Ga. Ry., 2d Inc. Scrip. .
C. of Ga. Ry., 3d Income
Char. 4 West. Car. Ry. Inc. .
Upson County RR
34,941
1,500,000
70,000
250
144,000
499,500
160,000
Western Ry. of Ala
'1,589^66
Wr 4 Ten RR pref
Wr 4 Ten RR com
104,050
3,500
500
*N.E.4Sav.SS.Co
*SaT. 4 Ogeechee Canal. . . .
Totals. . .
2,299,600
7.090,705
2,029,000
6,621,191
270,600
469,514
4.791.105
4.592.191
198.914
Grand Totala . . .
•Entire issue. tDeposited under equipment trust agreement of Feb. 3, 1902.
The company also owns, and holds unpledged, one certificate of membership in the Atlanta
Chamber of Commerce, the value of which is not reported.
8. Funded Debt. — The funded debt on June 30, 1902 — total, $49,146,000, as per general
balance sheet — consisted of the several issues of bonds listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the
statement :
$7,000,000 1st gold 5s of Nov. 1, 1945. $1,840,000 Chattanooga Div. gold 4s of June 1, 1951.
1,000,000 Mobile Div. gold 5s of Jan. 1, 1946. 17,200,000 Consol. gold 5s of Nov. 1, 1945.
840,000 Mac. & No. Div. gold 5s of Jan. 1, 1946. 4,880,000 Collateral Trust gold 5s of May 1, 1937.
413,000 M. G. & A. Div. 5s of Jan. 1, 1947. 4,000,000 1st Preferred Incomes of Nov. 1, 1945.
168,000 Eatonton Branch gold 5s of June 1, 1926. 7,000,000 2d Preferred Incomes of Nov. 1, 1945.
462,000 Oconee Division 5s of Dec. 1, 1945. 4,000,000 3d Preferred Incomes of Nov. 1, 1945.
343,000 C., R. & S. RR. 1st gold 5s of July 1, 1947.
First Mortgage Bonds. — First lien on main line from Savannah to Atlanta and on Milledgeville
Branch, together 312.05 miles, including equipment and appurtenances. Also second lien on Ocean
Steamship shares, which are pledged under collateral trust mortgage.
Mobile Division Bonds. — First lien on line from Columbus, Ga., to Andalusia, Ala., 137.96
miles. A direct obligation of the Central of Georgia Ry. Co.
Macon and Northern Division Bonds. — First lien on line from Macon Junction to Athens, Ga.,
101.78 miles. A direct obligation of the Central of Georgia Ry. Co.
Middle Georgia and Atlantic Division Bonds. — First lien on section from Eatonton to Covington,
43.57 miles, and second lien on section from Eatonton to Milledgeville, 21 miles. For the retire-
ment of $168,000 Eatonton Branch 1st mtge. bonds secured on the latter section, an equal amount
of these bonds is reserved.
Eatonton Branch Bonds. — First lien on line from Eatonton to Milledgeville, 21 miles, being a
part of the Middle Georgia and Atlantic Division. These bonds are to be retired at maturity by
issue of an equal amount of Middle Georgia and Atlantic Division bonds. (See preceding para-
graph.)
Oconee Division Bonds. — First lien on the Oconee Division, from Dover to Bruton, Ga., 77.02
miles.
Chattanooga, Rome and Southern RR. 1st Mtge. Bonds. — First lien on the section of the Chat-
tanooga Division extending from Carrollton, Ga., to Chattanooga, Tenn., 137.57 miles. An equal
amount of Chattanooga Division bonds (see next paragraph) is reserved for the retirement of this
issue.
Chattanooga Division Bonds. — Secured by first mortgage on the Durham Branch, 17.54 miles,
and by a lien subject to that of the Chattanooga, Rome and Southern RR. 1st mtge. bonds on the
line from Carrollton, Ga., to Chattanooga, Tenn., 137.57 miles. The total amount authorized is
$2,400,000, bonds amounting to $343,000 being reserved for the retirement of the Chattanooga,
Rome and Southern RR. 1st mtge. bonds, while the remaining $217,000 are reserved for additional
equipment and for improvements.
Consolidated Mortgage Bonds. — The total amount of these bonds authorized is $18,500,000, the
unissued bonds being reserved for betterments and equipment for the property covered by the mort-
gage, not more than $500,000 thereof to be issued in any fiscal year. Of the $17,200,000 bonds
Issued to June 30, 1902, $16,700,000 were outstanding, $125,000 were held in the company's treas-
ury and $375,000 were deposited with Blair & Co. under equipment trust agreement of Feb. 3, 1902.
The bonds are a first lien on the lines from Savannah to Tybee, Ga., 17.7 m. ; Meldrim to Lyons,
Ga., 58.09 m. ; Griffin to Carrollton, Ga., 60 m. ; Covington to Porterdale, Ga., 4.05 m. ; Americus
to Columbus, Ga., 62.34 m. ; Columbus to Greenville, Ga., 49.51 m. ; Columbus, Ga., to Birming-
ham, Ala., 156.34 m. ; Opelika to Roanoke, Ala., 36.12 m. ; Montgomery to Eufaula, Ala., 79.65 m. ;
Eufaula to Ozark, Ala., 60 m. — total, 583.8 miles. They are a second lien on the main line
(Savannah to Atlanta), Milledgeville Branch, Mobile Division, and Macon and Northern Division, a
total of 551.79 miles. In addition they are secured by deposit in trust of $43,100 stock of the At-
lanta and West Point RR., $34,941 stock of the Upson County RR., $70,000 preferred and $250
common stock of the Wrightsville and Tennille RR., $144,000 stock of the Southwestern RR., $499,-
500 stock of the New England and Savannah SS. Co., $160,000 stock of the Savannah and Ogeechee
Canal Co., $10,000 bonds of the Sylvania RR., $25,000 bonds of the Louisville and Wadley RR., and
$30,000 bonds of the Talbotton RR. They are also a third lien on the $1,995,000 stock of the Ocean
Steamship Co., deposited under the collateral trust deed and a second lien on the other stocks
pledged under that deed (see next paragraph). Finally, the bonds are secured by a consolidated
mortgage on the entire property of the company, now owned or which may be acquired hereafter.
(See MANUAL for 1896, page 425.) Since June 30, 1902, $500,000 additional of these bonds have
been issued, of which $125,000 have been added to the amount in the treasury and $375,000 to
POOR'S MANUAL OP RAILROADS — SOUTH ATLANTIC GROUP.
the amount deposited with Blair & Co. The total amount Issued to date (July 1, 1903) Is $17,-
700.000. ot which $1,000,000 has not been sold.
Collateral Tnut Bonds. — TheSe are a direct obligation of the company, and are additionally
secured by deposit in trust of the following securities: $145,400 capital stock of the Atlanta and
West Point RR Co $1 995,000 capital stock of the Ocean Steamship Co. of Savannah, $1,500.000
capital stock of the Western Ry. Co. of Alabama, and $1,589,000 income bonds of the Charleston and
Western Carolina Ry. Co. The bonds are subject to redemption at 110 p. c. and accrued interest on
l>rl.f, ffClj income Bonds. — These three issues, In the order of their priority, coyer the Savannah
and Western Columbus and Rome, and Savannah and Atlantic RRs., and their equipment, property,
etc They are also a third lien on the main line and a second lien on all leaseholds, securities, and
equities of properties acquired by the Central Ry. of Georgia. Interest is payable only out of net
earnings as declared, and is not to exceed the rate of 5 p. c. per annum, non-cumulative.
<>. Operations, property, and capital account for seven fiscal years ending June 30:
1896
1897
1898
1899
1900
1901
1902
if ikt RB Operated.
1,454.55
1,604.391
1,930,042
*
1,491.42
1,564,015
1,966,160
*
1,523.71
1,519,583
1,879,950
433,399
1,523.71
1,633,923
2,049.310
473,001
1,539.12
1,930,731
2,076.970
392,545
1.677.81
2,125,295
2,490.417
390.206
1.844.67
2.538,881
2,563,325
331,761
Mixed Train Mileage
Total Revenue Train Mileage
3.534,433
1,584,093
3;vjit;.uio
2,060,253
320,674,584
$
1.282,139
3*689,017
457.926
3,530,175
1,549,468
4X.01X,'.I2'..
1.S75.260
292,186.403
1.139.152
3,521,8G7
619,677
3,832,938
1,445,348
47,526,905
2,036.616
325,621,615
$
1,120,375
3,728,537
658,158
4,156,234
1,576,461
50,636,540
2,199,04S
353,713,668
$
1.326,362
3,713,456
727.527
4,400,246
1,789,565
60,606,409
2,457,977
305,901,969
$
1,375,434
4,010,059
700,770
5,011,918
2.146,567
70,478,468
2,708,915
437,060,554
$
1,641,882
4,650,105
628,728
5,433,967
2,476.421
80,661.839
3,258.444
471,487.448
$
1,795,502
5,322,039
633,150
Freight (ton*) Mile«
Freight
Other
Totals
5.429.0S2
3,605.467
5,280,696
3,271,594
5,507,070
3,433,777
5,707,345
3,759,977
6,086,263
3,997,748
6,920,715
4,778,148
7,750,691
5.531,039
Operating Expenses
1,823,615
Accrued
for 8 mofi.
only
hence no
compari-
sons are
made.
3,73248
2,478 75
1.25373
66.41 p.c.
2.378 c.
1.150c.
1,115.16
1,306.54
1,040.09
21
206
4.78
25S
5,000,000
45,220,000
2,009,102
329,807
2,073,293
110,275
2,007,368
215,218
2,088,515
231,463
2,142,567
187,359
2,219,652
201,674
2,338,909
180,969
1,837,933
4,044
2,183,568
176,132
1,932.500
1,793
73,143
3,61425
2,25356
1,36069
62.35 p.c.
2.357 c.
1.145c.
1,179.73
1,384.70
1,089.21
207
201
5,096
212
$
5,000.000
45,801.000
2.222.5R6
206,733
1,948,500
8,464
58,889
3,78507
2.4C.7 65
1,317 42
65.19 p.c.
2.342 c.
1.044 c.
1,179.73
1,391.50
1,090.76
201
200
5.104
206
$
5,000.000
45,801,000
2,319,978
208,657
1,952,357
27,998
130,966
3,95438
2,597 42
1,356%
65.68 p.c.
2.269 c.
1.096 c.
1,195.58
1,428.63
1,107.07
19S
203
5,041
197
1
5,000,000
45,941,000
2,329.926
213,411
1,906,489
8,674
201,352
4,124 85
2,84785
1,277 00
69.04 p.c.
2.330 c.
1.064 c.
1,432.29
1.702.30
1,344.08
212
215
5,577
191
$
5,000,000
48,646,000
2.421.326
269,471
2,014,004
14.911
122,940
4,201 67
2,99839
1,20*28
71.36 p.c.
2.226 c.
1.129 c.
1,432.29
1,707.92
1,344.62
214
212
5.951
210
$
5,000,000
49,146,000
178,769
440,647
1,245
1,139.504
122,892
Taxes
315,963
3,54072
2,193 61
1.347 11
61.95 p.c.
2.343 c.
1.205 c.
1,179.73
1.376.97
1,082.01
210
206
4,932
235
1
5.000,000
45,801,000
Expenses to Earnings.
Earn per Tor. per Mile
Miles RR. Owned.
Miles Track Owned
Miles Steel Rail Owned
Can — Passenger
Freight
Funded Debt
77,996
3,052
1,165,628
81,643
44,288
3,248
1,290,470
131,086
475,503
11,682
1,228,380
200,47*
56,02
1,168,111
60,853
38,509
880,152
99,375
1,087.598
87,789
Profit and LOBS
Total Liabilities.
51.504.99
41,611,406
3,513,998
51,819,036
42,116,664
3.530,739
51,976,387
42,181,664
3.530,739
52,129,319
42,181,664
3,530,739
52,410,092
42,382,445
3,530.739
55,562,037
44,891,370
3,666.814
65,100
5,037,722
254.749
58.778
1,587,504
56.029,057
44,071,209
3,t^i,014
178,137
6,506,601
228,199
66.481
1,311.816
Cost of Road
Cost of Equipment
Trust Equipment
Investments.
Materials, etc
5,034.95
317,88?
52.481
974.17e
5.073.683
253,096
15,123
29.731
5,081.504
231,195
45,617
905,668
5,174,086
173.922
106511
962,397
5,243,131
249,525
49,089
955,163
Deferred Assets . . .
CwhAsKts.....' '.
Total Assets
51.504.99j
51.819.036
51,976.387
52,129,319
52,410,092
55,562.037
56,029.057
• Not reported separately; included one-quarter in passenger train mileage and three-quarters in freight train mileage.
POOR'S MANUAL OF RAILROADS.
215
1O. Equipment Trust Obligations. — Secured on 25 box freight cars and 375 coal cars.
The obligations are in three series of notes, the first dated May 24, 1900, the second Jan. 21, 1901,
and the third Nov. 14, 1901, the dates of final payment being, respectively, May 1, 1907, March 1,
1908, and Nov. 14, 1906. Since the close of the fiscal year two additional series of notes
have been issued, one of them dated Sept. 2, 1902, and due Sept. 2, 1910, and the other dated
Oct. 1, 1902, and due Oct. 1, 1907. These series cover 11 locomotives and 500 box freight cars.
11. Guaranties. — The Central of Georgia Ry. Co. guarantees, both as to principal and inter-
est, $1,000,000 1st mtge. 5 p. c. gold bonds of the Ocean Steamship Co. of Savannah, maturing July
1, 1920, and guarantees dividends at the rate of 5 p. c. per annum on $1,022,900 capital stock of
the Augusta and Savannah RR. Co., and on $5,191,100 capital stock of the Southwestern RR. Co.
There is also a fixed charge of $34,404 per annum for rental of the Chattahoochee and Qulf RR.,
besides $5,000 annuity payable to the city of Macon, Ga.
12. RAILROADS OWNED OB LEASED BY THE CENTRAL OF GEORGIA RY. Co.
AUGUSTA AND SAVANNAH RR Millen
to Augusta, Ga., 53.21 m. ; total track (steel; 56
to 68J Ibs.), 69.47 miles.
HISTORY. — Chartered In 1838 as Burke County
RR. ; opened in 1864. Leased for 101 years, Oct.
24, 1895, to the Central of Ga. Ry. Co. at an an-
nual rental of $51,145, being 5 p. c. on capital
stock of $1,022,900.
CORPORATE OFFICERS. — Joseph D. Weed,
Pres. ; H. H. Hull, Sec. & Treas., Savannah, Ga.
Corporate Office Savannah, Ga.
CHATTAHOOCHEE AND GULF RR. —
Columbia to Sellersville, Ala.. 67.68 m. ; total
track (steel; 56 to 61i Ibs.), 69.10 miles.
HISTORY. — Chartered July 7, 1899; road
opened from Columbia to Dothan, Ala., 20.7 miles,
on May 2, 1900 ; as above Nov. 1, 1900. Leased in
perpetuity, July 2, 1900, to the Central Ry. Co.
of Ga., at an annual rental of 6 p. c. upon the
cost of road until such time as the bonded in-
debtedness of this company has been retired, one-
sixth of this rental to be used as a sinking fund
for the retirement of the bonds. After the bonds
are retired the annual rental will be 5 p. c. upon
the capital stock.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $273,400. Funded debt (1st mtge.
6s of 1930), $300,000, less $14,000 called In and re-
tired as of Jan. 1, 1903. The amount of bonds
authorized is $2,000,000, and the remaining $1,700,-
000 thereof can be issued only for extensions.
CORPORATE OFFICERS. — E. T. Comer, Pres.,
Columbus, Ga. ; John Flannery, Vice-Pres. ; H.
W. Johnson, Sec. & Treas., Savannah, Ga. Office,
Savannah, Ga.
SOUTHWESTERN RR — Macon, Ga., to
Eufaula, Ala., 143.6 m., with branches from Fort
Valley to Perry, 12.50 m. ; Fort Valley, Ga., to
Columbus, Ga., 71 m. ; Cuthbert to Fort Galnes
Ga., 20.50 m. ; Smithville, Ga., to Columbia Ala
85.01 m.— total, 332.61 m. ; sidings, 66.66 miles
Rail (steel, 330.37 m.), 56 to 681 Ibs.
HISTORY. — Consolidation, Nov. 1, 1868, of the
Southwestern and the Muscogee RR. Cos. (See
Manual for 1895, page 363. ) Leased to the C of
Ga. Ry. Co. for 101 years, from Oct. 17, 1895, at a
rental equivalent to 5 p. c. on the capital stock,
the lessee paying all organization expenses.
INCOME ACCOUNT, year ending Jan. 31, 1902
— Rental, $259,555 ; interest, $4,027 — total, $263 582
Payments: Dividends (5 p. c.), $250,298- ex-
penses, $2,119— total, $252,417. Balance, $11,165.
BALANCE SHEET, Jan. 31, 1902. — Capital
stock, $5,191,100 ; reserve fund, $107,113 ; balance
due on dividend accounts, $9,258 ; unclaimed
dividends, $1,923 — total, $5,309,394. Contra: Cost
of road and equipment, $5,191,100 ; State of
Georgia 4J p. c. bonds (cost of $91,000), $104,566;
cash, $ll,50fi ; expense item, still open, $2,222 —
total, $5,309,394.
CORPORATE OFFICERS. — W. G. Raoul, Pres.,
New York, N. Y. ; John M. Walker, Sec. & Treas.,
Macon, Ga. Office, Macon. Ga.
UPSON COUNTY RR Barnesville, Ga., to
Thomaston, Ga., 16.25 m. ; total track, 16.83 miles.
Rail (steel, 4.41 m.), 35 to 611 Ibs.
HISTORY. — Chartered as Thomaston and
Barnesville RR. Co., Dec. 23, 1839 ; road opened
in 1856. Sold at sheriff's sale, and reorganized
under present title, Dec. 6, 1860. Destroyed at
the close of the war, and rebuilt in 1870. Con-
trolled by the Central of Ga. Ry. Co., which owns
the entire capital stock ($40,005; shares, $30).
There is no bonded or other debt on the road.
CORPORATE OFFICERS. — E. A. Flewellen,
Pres. ; G. A. Weaver, Sec., Thomaston, Ga.
13. Board of Directors, Central of Georgia Ry. Co., elected October 13, 1902.
JOHN F. HANSON, Chairman of the Board Macon, Ga.
W. C. Bradley.. Columbus, Ga.
Edward T. Comer. .Macon, Ga.
John M. Egan. .. Savannah, Ga.
J. W. English Atlanta, Ga.
John F. Hanson — Macon, Ga.
U. B. Harrold. . .Americus, Ga.
G. G. Haven.. New York, N. Y.
Evan P. Howell Atlanta, Ga.
Joseph Hull Savannah, Ga.
Samuel R. Jaques. .Macon, Ga.
JOHN M. EUAN, President Savannah, Ga.
W. A. Winburn, Vice-President c/nd Traffic Manager....
A. R. Lawton ... Savannah, Ga.
George J. Mills. .
Sam. Spencer. .New York, N. Y.
Chas. Steele. . . "
One vacancy.
Secretary— C. C. Williams Macon, Ga.
Asst. Secretary — T. F. Smith Savannah, Ga.
Treasurer — T. M. Cunningham Savannah, Ga.
Auditor — W. D. Beymer.
PRINCIPAL OFFICE AND ADDRESS Savannah, Ga.
CHESAPEAKE AND OHIO RAILWAY COMPANY.
(For map of this system, see page 217.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Equipment Contracts 6 Mileage Operated 1
Floating Equipment 7 Operations & Inc., 1896-1902..
Funded Debt Details 12 Preferred Stock Dividends.. 11
General Balance Sheet 10
General Balances, 1896-1902.. 9
Guaranteed Bonds 13
History 3
Income Account 8
Lexington & Big Sandy RR. 3
Lines of Road 1
Big Sandy Ry. Co 3
Branches Projected 3
Capitalization of System 4
Capital Stock 11
Car Trusts 6
Construction Account 15
Contracts and Agreements. . 2
Controlled Cos.' Statements. 16
Directors and Officers 17
Earnings and Expenses 8
Preferred Stock Retired 11
Richmond-Washington Co. . . 3
Rolling Stock 6
Securities Deposited as Col-
lateral 14
Securities Owned 14
Steamship Properties 3
216 POOR'S MANUAL OP RAILROAD?? — SOUTH ATLANTIC GROUP.
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 924.5 miles).
.Wain Line: Fort Monroe, Va., to Big Sandy River, Ky 512.0 miles.
Richmond and Alleghany Division: Fulton (Richmond) to Clifton Forge, Va. 231.8 "
Branches: Buckingham, 20.8 m.; Alberene, 11.1 m. ; Lexington, 20.1 m. ; Craig
Valley, 26.4 m.; Warm Springs Valley, 24.7 m.; Piney Creek, 13.6 m.;
Loup Creek, 13.5 m.; South Side, 18.3 m.; Hawk's Nest, 3.4 m.; Gauley,
14.2 m.; Cabin Creek, 14.6 m 180.7
B. LEASED LINES (total, 122.7 miles).
Orange Branch, Southern Ry. : Orange to Gordonsville, Va 9.0
Greenbrier Ry. : Durbin to Whilcomb, W. Va 95.5
hanatoha and Pocahontas RR.: Pratt, W. Va., to Trackend 14.0
Passenger Belt Ry. : At Lexington, Ky 4.2 "
O. CONTROLLED THROUGH STOCK OWNERSHIP (total, 377.4 miles).
.Vaysville and Big Sandy RR. : Ashland Junction to Licking River, Ky 142.7 "
Covington Short Route Transf. Ry.: Licking River to K. C. Jc., Ky 0.8
Covington d Cincin. Elev. RR. and Transfer and Bridge (see Sec. 16) 2.1 "
Guyandot Valley Ry. : Barboursvllle to Midkiff, W. Va 27.0
Kinniconnick and Freestone RR.: Garrison to Carter, Ky 19.8
Lexington and Big Sandy Ry.: (See appended statement, Sec 16) 185.0 "
D. ROADS OPERATED UNDER CONTRACT (total, 20.8 miles).
Sulphur Mines RR. : Mineral to Sulphur Mines, Va 4.0 *
Quinnimont Short Line RR.: Quinnimont to Greenwood, W. Va 5.2
Keeney's Creek RR.: Nuttall to Lookout, W. Va 7.8
Deep Water RR.: Deep Water to Robson, W. Va 3.8
X!. TRACKAGE RIGHTS (total, 191.2 miles).
Bait, d Pot. RR. and Wash. So. Ry.: Washington, D. C., to Alexandria, Va. . 6.7 "
Southern Ry. : Alexandria to Orange, Va 77.8
Ashland Coal and Iron Ry. : Ashland to Denton, Ky 21.3
Louisville d Nash. RR. : Lexington to Louisville, Ky 84.4
Baltimore and Ohio RR. : At Lexington, Ky 1.0 "
Total length of lines operated, June 30, 1902 1,636.6 miles.
2d track, 149.4 m.; sidings, 568.5 miles. Gauge, 4 ft. 9 in. Rail (steel), 50 to 100 Ibs.
2. Contracts with Other Companies. — The company has contracts and agreements with
other companies as follows : With Adams Express Co., from whom It receives 40 p. c. of earnings,
same to be not less than $75,000 per annum ; with Pullman's Palace Car Co., by which the latter
maintains its own cars and retains all earnings under $7,500 per annum, the C. & O. Ry. Co. paying
all running expenses except salaries; with Southern Ry. Co.. lease for 99 years and one month
from March 1, 1891, of the line from Gordonsville to Orange, Va., 9 m., for $6,000 per annum ; with
the same company for 99 years from April 1, 1891, for use of tracks from Orange to Alexandria,
77.8 m., the C. & O. to pay its proportion, based upon car and engine wheelage, of $125,000 (being
Interest at 5 p. c. upon valuation of said 77.8 m. of road and appurtenances), provided that propor-
tion shall not in any year be less than $31,250, and of the further payment of its proportion upon
the same basis of cost of maintenance of said 77.8 m. and salaries of employees ; with the Washing-
ton Southern Ry. Co., securing right to run trains for 100 years from Sept. 17, 1901, from
Alexandria to Long Bridge, in consideration of payment of its proportion upon car and engine
wbeelage, of cost of maintenance and salaries of employees, and interest at 4 p. c. upon $250,000,
valuation of track ; with Baltimore and Potomac RR. Co., securing right to run trains from south
end of Long Bridge to Depot in Washington, in consideration of payment of proportion,
based upon car and engine wheelage, of cost of maintenance of track and wages of employees ; with
Western Union Telegraph Co., owning lines on the Chesapeake and Ohio RR., and giving this com-
pany 25 p. c. of receipts from all commercial business done at C. & O. stations, and telegraphing to
the extent of $14,500 per annum free, the Chesapeake and Ohio hauling freight free for the tele-
graph company to the extent of $1,200, each company maintaining its own lines ; with Ashland Coal
and Iron Ry. Co., leasing to C. & O. Ry. Co. its road and appurtenances from Ashland to Denton,
21.3 m., for $24,000 per annum.
3. History.— Consolidation, in August, 1868, of the Virginia Central RR. Co. and
the Covington and Ohio RR. Co. (see MANUAL for 1878, page 424). Sold under fore-
closure April 2, 1878, and reorganized without change of name July 1, 1878. Again
reorganized, but without foreclosure, on Oct. 1, 1888 (see MANUAL for 1889, page
1006). An outline of the company's history down to July 1, 1901, is in the MANUAL for
1902, on page 208. In the same edition of the MANUAL, on pages 209 and 210, the pur-
chase of the Kineon Coal Terminals at Cincinnati, on Oct. 15, 1901, and the opening
of the Richmond Passenger Station (owned and used jointly by this company and the
Seaboard Air Line Ry.), on Nov. 1, 1901, are also recorded. The Kanawha Ry.,
which hag been operated as the Cabin Creek Branch of the Chesapeake and Ohio Ry. since
217
21 S POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
1890, has been purchased and transferred to the Chesapeake and Ohio Ry. Co. by persons
desiring the development of certain coal lands, the Chesapeake and Ohio agreeing to
cancel its mortgage of $100,000 on the property, and to pay the sum of $17,033.33, repre-
senting certain claims incurred while operating the road. The Greenbrier and New River
RR., now known as the South Side Branch, and the Glen Jean, Lower Loop and Deep
Water RR., now a part of the Loup Creek Branch, were absorbed by the Chesapeake and
Ohio Ry. Co. on Oct. 26, 1901. In the absorption of the Greenbrier and New River RR,
the Chesapeake and Ohio became liable for $550,000 bonds secured upon that road, but
$216,000 of those bonds are held in the treasury. The road was completed Dec. 1,
1901, the cost of it amounting to $586,000. On Feb. 16, 1902, the Chesapeake and
Ohio Ry. Co. completed the purchase of the $80,000 capital stock of the Alberene Ry. Co.
by acquiring the $32,200 of outstanding shares, and has become duly vested with the title
to that company's property. The Powellton and Pocahontas Ry., a line 8 miles long (see
MANUAL for 1902, page 259), was purchased from the Mount Carbon ^Co., of Powellton,
W. Va., on May 31, 1902, and was taken over for operation on Aug. 1, 1902.
Coal Branches Projected in West Virginia. — Arrangements have been made to build
several coal branches in West Virginia, aggregating about 53 miles in length, for the
purpose of developing additional coal tonnage. The cost of these extensions will amount
to about $1,200,000. Valuable contributions have been made to the company by persons
interested in their construction.
Interest in Richmond-Washington Company. — As of October 16, 1901, the company
purchased 4,450 shares of the capital stock of the Richmond- Washington Co. at a cost of
$445,000. This purchase represents a one-sixth ownership in the company owning the
entire capital stock of the Washington Southern Ry. Co. and a controlling interest in the
Richmond, Fredericksburg and Potomac RR. Co., and secures to this company an equal
right with the other owners to the use of the line between Richmond and Washington.
Lexington and Big Sandy RR. — Taking effect July 1, 1902, the Elizabethtown, Lex-
ington and Big Sandy RR., the Ohio arti Big Sandy RR., the Ohio River and Charleston
Ry. .*>f Kentucky and the Kentucky and South Atlantic RR., all Kentucky lines, were
consolidated under the title of Lexington and Big Sandy RR., preliminary to a further
consolidation with the Chesapeake and Ohio Ry. Co. A few shares of the Elizabethtown,
Lexington and Big Sandy River RR. are still outstanding.
Big Sandy Railway Company. — The Big Sandy Ry. Co. was organized June 10, 1902,
to build a line from White House, the present terminus of the Big Sandy line, to the
Breaks of Sandy, a distance of about 80 miles, at an estimated cost of $2,300,000. An
issue of $4,000,000 of Big Sandy Ry. Co. 4j/£ p. c. bonds, principal and interest guar-
anteed by the Chesapeake and Ohio Ry. Co., has been authorized, and $2,000,000 thereof
will be issued at the present time. The construction of this line will develop a valuable
coal and timber territory, located in Eastern Kentucky and Southwestern Virginia. The
grades will be favorable to the traffic, and in connection with the present Big Sandy line,
which needs revision, and the river line from Ashland to Cincinnati, a low grade line
about 280 miles in length will be established, capable of accommodating trains of the
heaviest tonnage.
Steamship Properties. — The Chesapeake and Ohio Ry. Co. controls the Chesapeake
and Ohio Steamship Co. by ownership of three-fifths of its capital stock, and controls the
Coajtwise Steamship Co. by ownership of all its securities. The Chesapeake and Ohio
Steamship Co. is a British corporation operating a line from Liverpool and London to
Newport News. The Coastwise Steamship Co. operates a coal-carrying line between
Newport News and New England. Separate statements for the steamship companies will
be found in Sec. 16.
4. Capitalization of System. — Statement showing the capitalization of the
Chesapeake and Ohio Ry. Co. and its controlled companies on June 30, 1902. The amounts
of stocks and bonds afloat represent the securities outstanding in the hands of the public,
POOR S MANUAL CHESAPEAKE AND OHIO RY. CO.
219
the difference between such amounts and the total issues being the amounts of stocks and
bonds owned by the Chesapeake and Ohio Ry. Co.:
NAME OF COMPANY.
Road
Owned.
CAPITAL SToqK.
FUNDED DEBT.
TOTAL
CAPITALISATION.
Total.
Afloat.
Total.
Afloat.
Total.
Afloat.
Chesapeake & Ohio Rv
M.
924.5
2.1
95.5
27.0
19.8
$
60,541,100
1,500.000
5,000
500,000
88,800
$
60,541,000
S
71,650,354
3,500,000
2,000,000
J
71,414,354
'2,bob,6oO
I
132,191,454
5,000,000
2,005,000
500,000
288,800
S
131,955,354
Cov. A Cin. Elev. RR. 4 Tr. A Br. . . .
Greenbrier Ry
2,000,000
Kinniconnick & Freestone RR
200,000
100,000
100,000
Elit, Lex. & Big Sandv
109.2
19.5
48.2
8.1
143.5
3,517,700
150,000
994,000
50,000
7,500,000
78,475
4,321,000
110,000
19,000
7,838,700
260,000
994,000
50.000
15,000,000
97,475
Kentucky & South Atlantic
Ohio & Bi:; Sandv
OhioRiv.&Ch.ofKy
Maysville & Big Sandy RR
2,378,750
7,500,000
2,378.750
Totals
1,397.4
74,846,600
53,561
500,000
62,998,225
45,082
89,281,354
63,622
1,280,500
350,000
616,800
73,533,354
52,622
947,000
350,000
164,127,954
117,452
1,780,500
1,350,000
721800
136,531,579
97,704
947,000
750,000
Averages per Mile
C. A 0. Grain Elevator
C. A 0. Steamship
1,000,000
105,000
400,000
Grand Totals
1,397.4
76,451,600
54,710
63,398,225
45,369
91,528,654
65,499
74,830,354
53,549
167,980,254
120,209
138,228,579
98,918
5. Rolling Stock, June 30, 1902.— Locomotives, 403. Cars — passenger, 120; com-
bination, 40; dining, 7; parlor, 10; baggage, mail, and express, 58; freight (box, 6,640;
stock, 425; flat, 681; coal, 5,683; coke, 188), 13,617; service cars, 775, total cars, 14,627.
This equipment does not include 25 locomotives and 5,700 cars leased under equipment
trust arrangements ( see Sec. 6 ) .
6. Equipment Contracts and Car Trusts. — In addition to the locomotives and
freight cars owned by it, as per Section 5, the company has in its possession 25
locomotives, 1,300 box cars and 4,400 gondola cars, the ownership of which is vested
in the building companies, or in trustees, pending final payment for them. The balance
unpaid on this equipment, and which was represented by six series of equipment notes and
one scries of car trust obligations amounted to $2,669,116.88 on June 30, 1902, as follows:
Equipment contracts (Series 4, covering 500 gondola cars, payable $3,333.33 monthly,
$50,000; series 5, covering 800 gondola cars, payable $6,369.33 monthly, $152,863.92;
series 6, covering 1,000 box cars, payable $9,116.67 monthly, $255,266.76; series 7, cover-
ing 1,500 gondola cars, payable $19,372.60 monthly, $716,786.20; series 8, covering 600
gondola cars, payable $8,100 monthly, $340,200; series 9, covering 300 gondola cars,
payable $2,000 monthly, $154,000), $1,669,116.88; car trust series "A," covering 25 loco-
motives, 300 box cars and 700 gondola cars, payable $100,000 yearly with interest at
4 p. c., $1,000,000.
Car Trusts Series B and Series C. — A contract has been made with the Girard
Trust Co. of Philadelphia for 25 freight locomotives and 2,210 freight cars, to be de-
livered between Aug. and Dec., 1902. A net cash payment of $255,774.20 was made
on Aug. 15, 1902, and the balance of the cost, $2,000,000 was provided by issuing car
trust series "B," payable $200,000 each Aug. 15 from 1903 to 1912, with interest at
4 p. c. per annum, title to the equipment to remain with the Girard Trust Co. until the
final payment is made. A contract was also made with Blair & Co. of New York for
1,000 gondola cars, to be delivered in Sept., 1902. A net cash payment of $94,450 was
made Sept. 1, 1902, and the balance of the cost, $1,000,000, was provided by issuing car
trust series "C," payable $50,000 each 1st of March and Sept. to Sept. 1, 1912, title to the
equipment to remain with Blair & Co. until the final payment is made.
7. Floating Equipment, June 30, 1902. — At Newport News — 2 passenger steam-
ers, 5 tugs, 3 car floats and 6 barges. On Ohio River — 3 ferryboats and 1 car float.
220
POOR'S MANUAL OF RAILROADS SOUTH ATLANTIC GROUP.
8. General Income Account, year ending June 30, 1902.
assenger $2,954,91941
Ki.ignt 12.833.806 33
Mall and Express 592,74300
Miscellaneous 142,909. >*
Total (110,210.33 per mile) $16,524,37862
— Maint. Way and Struct.... 12,175,87601
Maintenance of Equipment 2,755,436 66
Conducting Transportation 5,177,966 87
General Expenses 289,212 74
Total ($6,245.17 per mile) $10,398.492 20
Net earnings (37.07 p. c.), $6,125,886.32; other income, $136,431.11— total, $6,262,-
317.43. Deductions: Interest on funded debt, $3,524,578.37; interest, discount, and ex-
change, $23,922.81; taxes, $4235842.20; loss on C. & O. Grain Elevator and Cincinnati
Coal Terminals, $36,948.46; loss on C. & O. Steamship Line, $143,716.51; C. & 0. steam-
ship debentures purchased and cancelled, $48,900— total, $4,201,908.44. Net profit, $2,-
060,408.99. Deductions from net profit: Extraordinary expenditures for new equipment
and construction, $1,030,427.96; dividend No. 3 (1 p. c., paid Nov. 27, 1901), $605,291;
transferred to credit of extraordinary expenditure fund, $410,386.97— total, $2,046,105.93.
Balance, surplus, $14,303.06; surplus forward (balance at credit June 30, 1901, $1,062,-
325.08; less, sundry old accounts written off, $14,303.06), $1,048,022.02 — total surplus as
per general balance sheet, $1,062,325.08.
O. Statement of operations and general balances for seven fiscal years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
Miles RR Operated
1,3406
1.340.6
2,551.097
5,684,832
1.340.6
2,604.271
6,638,207
1.425.0
2,689,868
5,891,825
1,425.5
2,723,228
6,044,579
1.506.6
2.793,955
5,969,060
1.618.4
3,081.822
6.271,443
2,50S.'.I10
5,649,444
Freight Train Miles
Total Revenue Train Miles
8,158,360
1,957,954
99,864,173
0,544,835
1,836,024.472
$
1,949.789
7.810,598
460.744
8,235,929
1,798,122
93.813,906
6,491,297
2.000.094,742
$
1.857.898
8.389,374
460.911
9,242,478
1,925.502
100.592,358
7,806.914
2,513,221,007
$
1,954,864
9,262.998
570,695
8,581,693
2,211,531
130,190,058
8,130,661
2,506,145,852
$
2,422,052
9.062,879
524,908
8.767,807
2,536,529
135,852,014
9,746,840
2,946,894,104
$
2.681,076
10,095,144
625,850
8,763,015
2,630,574
142.494,488
10,125,497
3,051,175,642
$
2,826,813
11,842,213
702,516
9.353.265
2.693.097
146,048,685
10,904,165
3,194,336,608
$
2,954,919
12,833.806
735.653
Passengers One Mile
Freight (ton8) Moved
Freight (ton) Miles.
Frekht
Other ... .
Total Earnings.
Operating Expenses
10,221,131
6,680,143
10,708,183
6,954,606
11,788,557
7,665,724
12,009,839
7,815,009
13,402,070
8,706,785
15,371.542
9.565,880
16,524,378
10,398,402
3,540,988
23,548
3,753,577
79,326
4,122,833
83,628
4,194.830
100,158
4,695,285 5,805,662
148,371 149,925
6,125,886
136,431
Other Receipts.
Net Income
3,564.536
283,010
3,126.140
8.045
3,832,903
332,163
3,134,137
200.351
4,206,461
316,583
3,148,771
78,177
4,294,988
385,325
3,133,097
56,790
4,843,656
380,853
3,230,144
76,077
348,696
(1) 605,288
5,955,587
401,299
3,342,440
209,951
1.304,172
O) 605.291
6.262.317
423,842
3,524,578
253,488
1,440,815
(O 605,293
Taxes.
Interest on Bonds.
Other Charges
Dividends
.
(1) 605,278
3,417.195
147.341
7.62202
4,97699
2,64503
65. 36 p. c.
1.95c.
0.43c.
$
60,554,400
65,040,679
691.267
2,273.915
685,034
3.666,651
166,252
7,98522
5.186 13
2.79909
64.95 p. c.
1.98 c.
0.42 c.
$
60.549,400
65,046.679
111.700
3,089.319
822.940
3,543.531
662.930
8,790 87
5.716 42
3.07445
65.03 p. c.
l.94c.
0.37c.
I
60.547.400
65.564,554
353,915
2.009.081
1,441.449
4,180.490
114.498
8,42796
5,397 94
3,03002
64.05 o. c.
1.86 c.
0.36 c.
$
60,536,400
67,575.554
859,869
2,070.363
2,147,580
4,641,058
202,598
9.39836
6,10574
3,292 62
64.97 p. e.
1.97 c.
0.34 c.
$
60,513.100
68.800,354
1.244,254
2.677.671
1,060,342
5,863,153
92,434
10,20280
6,34932
3,85348
62.23 p. c.
1.98 c.
0.39 c.
$
60.542,100
09,894,354
2.161,145
2.897.051
1,062,325
6,248.016
14,301
10,210 33
6.425 17
3,785 16
62.93 p. c.
2.02 c.
0.40 c,
$
60.541,100
71,650.354
Gross Earnings per Mile
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per Mile. ..
Aver. Rate per Ton per Mile . .
Capital Stork
Funded Debt
Eqiiipnient Trusts.
Other Ilibilities
Profit and Low
3.759,553
1.062.325
Total Liabilities
129,245,295
127,656,435
220,990
1,358,870
129.620,038
127,892,462
315.095
1.412,481
129.916,399
127.039,405
184,983
2.692,011
133.195,766
129,075,572
201,806
3,918,388
134.325,721
129,381,353
423,495
4,520,873
136.556.975
130.926,162
689,644
4.941,169
137.013,332
134,489,730
509,729
2.013.873
Invested Assets
Materials and Supplies
Cwh and Current Assets
Total Assets.
129,245,295
I29.620.03.S
129,916,399
133,195,766
134,325.721
136.550,975
137,013,332
POOR'S MANUAL CHESAPEAKE AND OHIO RY. CO.
221
1O. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $110,833,81158
Real Estate 25,751 31
Kineon Coal Viaduct 325,030 00
Bonds Owned 14,986,824 44
Stocks Owned 5,448,960 41
Miscellaneous Securities 231,076 08
Advances to Controlled Companies.. 1,845,036 99
Sundry Construction Accounts 793,23950
Materials and Supplies 509,728 87
Current Accounts...; 1,081.17605
Bills Receivable 20,47379
Cash on Hand 671,982 02
Special Cash Deposits 240,241 45
Total Assets 1137,013.332 49
First Preferred Stock $13,000,000
Less Deposited in Trust. . . 12,989,200— $10,800 00
Second Preferred Stock 12,000,000
Less Deposited in Trust.... 11,999,200— 800 00
Common Stock 60,529,50000
Funded Debt Outstanding (Sec. 12). 71,650.354 17
Extraordinary Exp. Fund 410,38697
Current Accounts 1,662,90662
Unpaid Coupons, Including July 1.. 217,99845
Interest Accrued on Funded Debt. . 838,302 71
Taxes Accrued, not Due 129,958 49
Temporary Loan 500,000 00
Profit and Loss 1.062,32508
Total Liabilities $137,013,332 49
11. Capital Stock. — The capital stock created in the reorganization consisted of $12,000,-
000 of 1st preferred stock, $12,000,000 of 2d preferred stock and $40,000,000 of common stock — a
total of $64,000,000. When the Richmond and Allegheny RR. was purchased the 1st preferred
stock was increased to $13,000,000 and the common stock to $46,000,000, making the total amount
of the capital stock $71,000,000. In 1892, with the purpose of retiring the preferred stock, the
holders of the 1st preferred were offered two-thirds of the face value of their shares in general
mortgage bonds and one-third in common stock, and the holders of the 2d preferred were offered
one-third of the face value of their shares in general mortgage bonds and two-thirds in common
stock. In accordance with this offer $12,989,200 of the 1st preferred stock and $11,999,200 of the
2d preferred stock had been converted June 30, 1902. The converted shares are deposited in trust
and held alive, to preclude any advantage to shares not converted.
12. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $71,650,354.17,
as per general balance sheet — consisted of the several issues of bonds, listed in the following state-
ment. Additional particulars respecting any issue will be found in the paragraph relating thereto
subjoined to the statement :
$650,000.00 Craig Valley Br. 1st gold 5s of July
1, 1940, int. J. & J.
400,000.00 Warm Springs Br. 1st gold 5s of Mar.
1, 1941, int. M. & S.
32,832,000.00 General gold 4Js of March 1, 1992.
555,000.00 G. & N. R. RR. 1st gold 5s of Aug. 1,
1942, int. F. & A.
200,000.00 K. Coal Co. 1st gold 5s of Oct. 1, 1915.
$2,000,000.00 Series A 1st gold. 6s of July 1, 1908.
13,354.17 Series B ( aud scrip) 1st gold 6s of
July 1, 1908, int. A. & O.
2,000,000.00 Peninsula Ext. 1st gold 6s of Jan. 1,
1911, int. A. & O.
142,000.00 Terminal 1st gold 6s of June 1, 1922.
25,858,000.00 1st consol. gold 5s of May 1, 1939.
6,000,000.00 R. & A. Div. 1st gold 4s of Jan. 1, 1989.
1,000,000.00 R. & A. Div. 2d gold 4s of Jan. 1, 1989.
First Mortgage Bonds. — The 1st mtge. bonds of 1908 (series A and B) are secured on the main
line (Richmond to Huntington) and franchises of the old C. & O. Ry. Co. The bonds of series A
were Issued under the same mortgage as series B bonds, have equal security therewith, and, in addi-
tion, are specially secured by a lien, in common with the $2,000,000 6s of 1911, on the Newport
News Extension and the Newport News terminal facilities.
Peninsula Extension Bonds. — Secured on the line from Newport News to Richmond, 75.10
miles.
Terminal Bonds. — Secured on the extension from Newport News to terminals, 7.8 miles.
First Consol. Mtge. Bonds. — The 1st consol. mtge. bonds cover the entire old line of the
company, and also (by deposit with trustee of the stocks and bonds issued by the companies owning
them and belonging to the C. & O. Ry. Co.) the extension from Ashland to Covington and the bridge
across the Ohio River from Covington to Cincinnati ; a total of 658.59 miles. Enough of the bonds
are reserved for the retirement of the before described divisional liens.
Richmond and Allegheny Division Bonds. — The R. & A. Div. bonds are secured, in the order of
their priority, on the line from Richmond to Clifton Forge, Va., with branch from Balcony Falls to
Lexington, together 253.32 miles.
Craig Valley Branch Bonds. — Secured by first mortgage on the Craig Valley Extension, from
Bessemer to Craig City, 26.06 miles.
Warm Springs Branch Bonds. — Secured by first mortgage on the line from Covington to Hot
Springs, Va., 24.78 miles.
General Mortgage Bonds. — Secured on the entire property of the C. & O. Ry. Co., " whether now
owned or hereafter acquired by use of bonds secured by the same mortgage." They are additionally
secured by deposit with the Central Trust Co. of New York of $11,551,402.71 of stocks, bonds and
obligations of subsidiary companies, as shown in detail in Sec. 14. The amount of bonds authorized
by the mortgage is $70,000,000, but additional bonds, having equal pro rata security under the
mortgage, may be issued from time to time to provide for the actual cost of double tracking the road.
Such additional amount of bonds shall not exceed an average of $25,000 per mile of double track,
however, nor be issued at a rate exceeding $1,500,000 in any calendar year; and no section of
double track for which they may be issued shall be less than three miles in length, unless it be to
connect two other sections. Sufficient bonds of the $70,000,000 are reserved for the retirement of
all prior liens, except the R. & A. Div. bonds, and for the retirement of the first and second preferred
stock ; the balance may be issued at a rate not exceeding $2,000,000 a year, for the construction or
acquisition of branch lines, for the acquisition of securities of companies owning such lines, or of
steamship companies operating to or from Hampton Roads, or for the purchase of rolling stock, for
new construction (other than double track) and betterments, or the purchase of additional property
either upon, along or appurtenant to the railways owned or controlled by the C. & O. Ry. Co. In the
case of additional lines of railway so acquired the mortgage is to be a first lien thereon, or if any
prior liens are outstanding, a like amount of these bonds (out of the $70,000,000) is to be reserved
for their retirement. Since June 30, 1902, additional gen. mtge. bonds to the amount of $2,001,000
have been issued, making the total outstanding on March 1, 1903, $34,833,000.
Greenbrier and New River RR. Bonds. — Assumed by the C. ft O. Ry. Co. in the consolidation
with the Greenbrier and New River RR. Co. Secured on the South Side Branch, from Hawk's Nest
222
POORS MANUAL OF RAILROADS — ROUTH ATLANTIC GROUP.
to Thurmond. W. Va.. 18.3 miles. There are only $339,000 of the beads actually outstanding, the
remaining $216,000 being held in the treasury of the company.
Kint-un Coal Co. Bonds. — Assumed by the C. & O. Ry. Co. in the purchase of the Ktnoon Coal
Ti rmiiuils at Cincinnati. Secured on the property formerly of the Kineon Coal Co. The bonds are
subject to redemption on Oct. 1, 1905, or on any interest day thereafter.
l.'t. Guaranteed Bonds. — The company Is also liable as guarantor of the Norfolk Terminal
and Transportation Co. 1st mtge., $500,000 ; C. & O. Grain Elevator Co. 1st intge., $830,000 ;
Greenbrier Ry. Co., 1st mtge., $2,000,000; Passenger & Belt Ry. Co., 1st mtge., $150,000; Louis-
ville & Jeffersonville Bridge Co., 1st mtge. (C., C., C. & St. L. two-thirds; C. & O. one-third),
$3,000.000 ; C. & O. Steamship Co., Ltd., 1st mtge., £70,000.
14. Securities Owned. — Statement of securities owned by the Chesapeake and
Ohio Ry. Co. on June 30, 1902, showing the securities deposited as collateral to the con-
solidated and general mortgages and those held in the treasury of the company.
Total
Owned
Deposited under C. A i )
Mortgages
Held in
Treasury
Consol.
General
Bonds.
Brooklyn Coal Co. 1st Mtge. 6 p. c. Bonds
$
12,000.00
$
|
$
12,000.00
20,000.00
333 500 00
Chesapeake A Ohio Ry. Co., Gen. Mtge 4J p.c. Bonds.. . .
20,000.00
333,500.00
616,800.00
3,500,000.00
3,263,000.00
550,000.00
489,000.00
216,000.00
110,000.00
100,000.00
15,000.00
7,500,000.00
56,800.00
572,977.71
12,400.00
8,000.00
15,000.00
r>.r,8,400.00
58,400.00
Cov. A Cin. Kiev. RR.ATr.ABr.Co.,lst Mtge.5p.c.Bonds
Kliz., Lex. A Big SandyRR.Co.lst Mtge. 5 p. c. Bonds. .
2d Mtge. 6 p. c. Bonds . .
Debenture 5 p. c. Bonds
Greenbrier & New River RR Co., 1st Mtge. 5 p.c.Bonds.
Kentucky & South AtlanticRR.Co.,lst Mtge.Gp.c.Bonds
Kinniconnick & Freestone RRCo., 1st Mtge. 6p.c. Bonds.
3,500,000.00
3,263,000.00
550,000.00
489,000.00
' 216,6ob'.66
7,500,000.66
110,000.00
100,000.00
15,000.00
Maysville & Big Sandy RR. Co., 1st Mtge. 5 p.c.Bonds. . .
Ohio & Big Sandy RR., Notes
Obligations
Old Point Comfort Imp. Co., 2d Mtge. 6 p. c. Bonds
56,800.00
572,977.71
12', 400.66
8,000.00
15,000. 00
10,000.00
10,000.00
2,000.00
340,000.00
Red Ash Coal Co. 1st Mtge. 6 p. c. Bonds.
Rich Patch Iron <fe Ore Co., 1st Mtge. 5 p. c. Bonds
Rich. Standard Steel, Spike AIr.Co.,lstMtge.6p.c.Bds....
Rush Run Coal & Coke Co., 1st Mtge. 6 p. c. Bonds
Southern Improvement Co., 1st Mtge. 5 p. c. Bonds ....
Totals
10,000.00
10,000.00
2,000.00
340,000.00
17,752,477.71
50 000 00
11,000.000.00
5,715,177.71
1,037,300.00
50,000.00
50,000.00
' 500,000.00
5,000.00
Stockt.
Big Sandy Ry. Co. of Ky
Big Sandy Ry Co. of Va
50,000.00
C. A O. Steamship Co., Ltd
600,000.00
500000 00
600,000.00
C. A O. Grain Elevator Co ...
Coastwise Steamship Co
105,000.00
1,500,000.00
3,439,025.00
75,000.00
5,000.00
500,000.00
150,000.00
88,700.00
475,000.00
5,121,250.00
1,500.00
100,000.00
6,200.00
994,000.00
50,000.00
18,600.00
120,000.00
1,000.00
445,000.00
103,500.00
103,500.00
5,000.00
2,250.00
lo6.6ob.66
21,000.00
3,421,225.00
Cov. A Cin. Elev. RR. A Transfer* Bridge Co
1,479,000.00
Kliz., Lexington A Big Sandy RR. Co
Glasgow A Newport News Steamship Co
Greenbrier Ry. (\>
17,800.00
75,000.00
5,000.00
Guyandot Valley Ry. Co
Kentucky & South Atlantic Ry. Co
500,000.00
150,000.00
Kinniconnick A Freestone RR. Co
88,700.00
475,000.00
121,250.00
1,500.00
100,000.00
(1,200.00
18,600. (K>
120,000.00
1,000.00
445,000.00
103,500.00
103,500.00
5,000.00
2,250.00
Louisville A Jeffersonville Bridge Co
Maysville A Big Sandy RR. Co
Newport News Publishing Co
5,000,000.00
Norfolk Terminal & Transportation Co
Norfolk A Portsmouth Belt Line RR. Co. . .
Ohio A Big Sandy RR. Co '
Ohio Hi ver A Charleston Ry. Co. of Ky . .
994,000.00
50,000.00
Old Point Comfort I mprovement Co
( >ld Dominion Steamship Co
Richmond Chamber of Commerce
Richmond-Washington Co
Trigg, William R., Co., Common
Preferred
Virginia Navigation Co., Common
Preferred
Totals
14,609,525.00 6,479,000.00
6,836,225.00
2,294,300.00
15. Gout of Road and Equipment. — The cost of road and equipment on June 30, 1901,
was $112,047,401.45; add for amount expended during the year (payments for new freight cars,
$961,085.04; cost of Greenbrier and New River RR., $586,000; cost of Alberene RR., $80,000;
POOR S MANUAL — CHESAPEAKE AND OHIO RY. CO.
223
cost of Glen Jean, Lower Loup and Deep Water RR., $76,750.49 ; cost of Kanawha Ry., $17 033 33 •
second track. $113,878.58), $1,834,747.44 — total, $113,882,148.89. Deductions: Old securities
purchased and cancelled, $1,072 ; sale of land and water power rights at Judith's Dam, $7,971.98 ;
sundry credits on account of construction work, $32,293.33; Elizabethtown, Lexington and Big
Sandy RR. 1st mtge. bonds, $3,007,000 — total, $3,048,337.31. Total as per balance sheet, June 30,
1902, $110,833,811.58. The securities of controlled roads and the advances to controlled roads were
included in former years in cost of road and equipment.
16. COMPANIES CONTROLLED BY THE CHESAPEAKE AND OHIO RY. Co.
BIG SANDY RY — Projected from White
House, Ky., the terminus of the Big Sandy Line,
to Elkhorn City, Ky., at the Breaks of Sandy, a
distance of 76.07 miles.
HISTORY. — Organized June 10, 1902. by the
consolidation of the Big Sandy Ry. Co. of Vir-
ginia and the Big Sandy Ry. Co. of Kentucky.
FINANCIAL STATEMENT. — The estimated
cost of the road is $2,300,000. Capital stock ($100
shares), $100,000, all owned by the Chesapeake
and Ohio Ry. Co. An issue of 4J p. c. bonds to
the amount of $4,000,000 has been authorized, of
which $2,000,000 will be issued at once. Principal
and interest of these bonds will be guaranteed by
the Chesapeake and Ohio Ry. Co.
CORPORATE OFFICERS. — G. W. Stevens,
Pics. ; Decatur Axtell, Vice-Pres. ; H. T. Wick-
ham, 2d Vice-Pres. ; C. E. Potts, Treas. ; C. E.
Wellford, Sec., Richmond, Va. Office, Richmond,
Va
CHESAPEAKE AND OHIO GRAIN ELE-
VATOR CO — Chartered July 12, 1882. Owns
elevator at Newport News. Operated at cost by
C. & O. Ry. Co. Capital stock (all owned by
C. & O. Ry. Co.), $500,000. Bonded debt,
$1,280,500, consisting of $10,000 old 6s of Oct.
1, 1903 ; $820,000 1st 4s of Oct. 1, 1938 ; and $450,500
income 4s of Oct. 1, 1988. The C. & O. Ry. Co.
guarantees the 1st 4s of 1938, both as to principal
and interest. G. W. Stevens, Pres., Richmond,
Va.
CHESAPEAKE AND OHIO STEAMSHIP
CO., LTD. — An English company, registered
Nov. 15, 1892. Operates a line of steamships from
Liverpool and London to Newport News. Con-
trolled by the Chesapeake and Ohio Ry. Co.,
through ownership of a majority of the capital
stock.
FINANCIAL STATEMENT. — The authorized
capital stock is £250,000 in £10 shares, of which
£200,000 of full paid shares have been issued.
The Chesapeake and Ohio Ry. Co. owns £120,000
of these shares. On June 30, 1902, there were
outstanding £70,000 of 5 p. c. 1st mtge. debenture
bonds, redeemable at the rate of £10,000 a year,
being the outstanding balance of an issue of
£150,000. The bonds are guaranteed, principal
and interest, by the Chesapeake and Ohio Ry.
Co. Interest on them is payable on Jan. 1 and
July 1.
CORPORATE OFFICERS. — C. Furness, Chair-
man ; W. W. Diggens, Sec., London, Eng. Office,
4 Fenchurch Avenue, London, E. C.
COASTWISE STEAMSHIP CO This com-
pany owns 2 ocean tugs and 15 barges and leases
3 steamers engaged in the coal-carrying trade
between Newport News and New England. The
fleet is leased to the Chesapeake and Ohio Coal
Agency Co., for an amount sufficient to pay in-
surance, cost of repairs and interest on bonds.
FINANCIAL STATEMENT. — Capital stock,
$105,000; funded debt, $638,800 — total, $641,800, all
owned hy the Chesapeake and Ohio Ry. Co.
CORPORATE OFFICERS. — G. W. Stevens,
Pres. ; Decatur Axtell, Vice-Pres. ; C. E. Potts,
Treas. ; W. W. Willett, Sec., Richmond, Va.
Office, Richmond, Va.
COVINGTON AND CINCINNATI ELE-
VATED RR. AND TRANSFER AND
BRIDGE CO Covington. Ky., to Cincinnati,
O., 2.1 m., embracing bridge across Ohio River
and extensive terminals in Cincinnati and Cov-
ington. Locomotives, 4.
HISTORY. — Consolidation, Feb. 2, 1886, of a
company of the same name, of Kentucky, and the
Ohio and Kentucky Bridge Co., of Ohio. Opened
Jan. 3, 1889. (See Manual for 1891, page 108)
Operated at cost by C. & O. Ry. Co., the oper-
ating results being included in the statement for
that company.
BALANCE SHEET, June 30, 1902. — Capital
stock, $1,500,000; funded debt (1st 5s of Oct. 1,
1937), $3,500,000 — total, $5,000,000. Cost of road
and equipment, June 30, 1902, $5,495,947.
The C. & O. Ry. Co. owns all the stock and all
the bonds and has deposited them under its 1st
consolidated mortgage.
CORPORATE OFFICERS. — G. W. Stevens
Pres. ; D. Axtell, Vice-Pres. ; C. E. Wellford,
Sec., Richmond, Va. ; L. E. Osborn, Treas., Cin-
cinnati, O. Office, Richmond, Va.
GREENBRIER RY Whitcomb to Durbln,
W. Va,, 95.5 miles. Rail (steel), 62 Ibs.
HISTORY. — Chartered Nov. 16, 1897 ; road com-
pleted as above on June 1, 1901, and tracklaying
on the remaining 14 miles, from Cass to Durban,
was expected to be completed by Nov. 1, 1901.
FINANCIAL STATEMENT.— Capital stock
($100 shares), $5,000; funded debt (1st gold 4s of
Nov. 1, 1940), $2,000,000. Cost of road, $2,050,902.
The capital stock is owned by the C. & O. Ry.
Co., and that company guarantees the bonds,
both as to principal and interest. The authorized
ifsue of bonds is $3,000,000, the $1,000,000 unissued
being reserved for the construction or acquisi-
tion of extensions or branches of the Greenbrier
Ry., and for betterments.
CORPORATE OFFICERS. — G. W. Stevens,
Pres. ; Decatur Axtell, Vice-Pres. ; C. E. Well-
ford, Sec. ; C. E. Potts, Treas., Richmond, Va.
Office, Richmond, Va.
GUYANDOT VALLEY RY. — Barboursville
to Midkiff, W. Va., 26.5 miles. Rail (steel), 02
Ibs.
HISTORY. — Chartered March 1, 1899; road
built in 1900.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $500,000, representing cost of road.
The capital stock is owned by the C. & O. Ry. Co.
CORPORATE OFFICERS. — J. L. Caldwell,
Pres., Huntington, W. Va. ; Decatur Axtell, Vice-
Pres. ; C. E. Wellford, See. ; C. E. Potts, Treas.,
Richmond, Va. Office, Richmond, Va.
KANAWHA AND POCAHONTAS RR
Pratt, W. Va., to end of track, 14 miles. Rail
(steel), 75 Ibs. This is a private road, owned by
Charles Pratt & Co., 26 Broadway, New York,
N. Y. It was completed in Sept., 1900. Leased
to the Chesapeake and Ohio Ry. Co. for 50 years,
from June 12, 1901.
CORPORATE OFFICERS. — C. M. Pratt, Pres. ;
George D. Pratt, Vice-Pres. ; A. C. Bedford,
Treas. ; H. I. Pratt, Sec., 26 Broadway, New
York, N. Y. Office, Pratt, Kanawha County,
W. Va.
KINNICONNICK AND FREESTONE RR.
— Stone City, Ky., to Quarries, 19.8 miles.
INCOME ACCOUNT. — Earnings, year ending
June 30, 1902, $10,283. Expenses and taxes, $23,-
700. Deficit, $13,583.
FINANCIAL STATEMENT. — Capital stock,
$88,800; funded debt (1st mtge. 6s), $200,000; un-
funded debt, $21,437 — total, $310,237. Cost of road,
etc., $291,073. Stock and bonds, all owned by
C. & O. Ry. Co., the bonds being deposited under
that company's general mortgage.
CORPORATE OFFICERS. — O. W. Stevens,
Pres. ; Decatur Axtell, Vice-Pres. ; C. E. Well-
ford, Sec. ; C. E. Potts, Treas., Richmond, Va.
Office, Richmond, Va.
224 POOB'B MANUAL OP RAILROADS — SOUTH ATLANTIC GROUP.
II \IN<.io\ \MI Hl<; SAMIY RY.— L«x-
Incton lo Urn tun. Ky., 109.6 m. . tilt. Sterling lo
KothwHI. Ky.. !'.' .5 in. ; Ashland to White House.
! m ; Richardson to Peach Orchard. Ky..
m. ; 2<1 track. 7 m. ; total track
(•lev): 50 to 62 Ibs >. 239.2 miles.
HISTORY.— CoaaoUdatkm, July 1, 1902, of the
Ehubothtuwn. Lexington and Hlg Sandy UK. Co.,
Knitucky and South Atlantic UK. Co., Ohio and
111* Sandy KK. Co., and Ohio River and Charles-
loo RR, Co. of Kentucky, four proprietary com-
panies of tbe Chesapeake and Ohio Ry. Co., the
mileage and capitalization of which are shown
In Sec. 4. This consolidation Is preliminary to a
further consolidation with the Chesapeake and
Oli 10 Ky. Co.
FINANCIAL STATEMENT. — Capital stock,
I4.SOO.OOO. all owned by the Chesapeake and Ohio
Rjr. Co.
CORPORATE OFFICERS. — O. W. Stevens,
Prw. ; Ih-oatur Axtell. Vice-Free. ; C. E. Potts,
Trcaa. ; C. E. Wellford, Sec.. Richmond, Va.
Office. Richmond, Va.
M \ \ s M 1.1.1: AND BIG SANDY RR.— Ast
•land to Covlngton. Ky., 144 m. ; 2d track, 8.6 m. ;
total track (steel; 75 Ibs.), 211.6 miles.
HISTORY. — Chartered Dec. 18, 1850. and bj
subsequent acts. Road opened Jan. 3, 18
Operated at cost by C. & O. Ry. Co.
ROLLING STOCK. — Locomotives, 20. Cai
1,618.
FINANCIAL STATEMENT. — Capital stock
J7.WJO.OOO; funded debt (1st mtge. 5 p. c. 60-yr.
$1,000 coupon bonds, due Feb. 1, 1938, intere
Feb. and Aug., in New York), $7,500,000; un-
funded debt (advances by C. & O. Ry. Co.), J800,-
886 — total, $15,808,886. Contra : Cost of road, etc.
J15.879.155. Tbe C. & O. Ry. Co. owns J5.000.0
of the capital stock and all of tbe bonds and ha
deposited them under its 1st con.^ol. mtge.
CORPORATE OFFICERS. — G. W. Stevens
Pres. ; Decatur Axtell, Vice-Prea. ; C. E. Well-
ford, Sec. ; C. E. Potts, Treas., Richmond, Vs
Office, Richmond, Va.
17. Board of Directors, Chesapeake and Ohio Ry. Co., elected October 21, 1902.
H.McK.TwomblyNew York.N.Y.
W. H. Newman.... "
C. M. Depew "
S. M. Prevost. Philadelphia, Pa.
Samuel Rea
John P. Green "
G. W. Stevens. ..Richmond, Va
Decatur Axtell.. "
H. T. Wickham..
GEOBGE W. STEVENS, President Richmond, Va.
Decatur Axtell, V ice-President
Trtmntrer — C. E. Potts Richmond, Va. | Secretary — C. E. Wellford Richmond, Vfl
Comptroller — L. F. Sullivan Richmond, Va.
PBINCIPAL OFFICE AND ADDRESS Richmond, Va.
GEORGIA RAILROAD AND BANKING COMPANY.
1. Main Line of Road.— Augusta, Ga., to Atlanta, Ga 171 milea.
At h< UK Branch: Union Point to Athens, Ga 40 m.
U ./.V/M'/I ///<,>i Branch: Barnett to Washington, Ga 18m.
M <icnn Branch : Camak to Central RR. Junction, Ga 74 m. — 132
TRACKAGE : Central of Ca. Ky.: Macon Branch Junction to Macon, Ga 4
Total length of lines 307 miles.
Sidings, etc., 71.86 miles. Gauge, 4 ft. 9 in. Rail (steel, 303 m.), 56 and 65 Ibs.
History.— Chartered as Georgia RR. Co. on Dec. 21, 1833; present name adopted
under Act of Dec. 18, 1835 (see MANUAL for 1899, page 417). The banking business
has been turned over to the Georgia RR. Bank, a separate corporation, a majority
of whose capital stock is owned by this company. The railroad property was leased
for 99 years on May 7, 1881, to William M. Wadley at a rental of $600,000 a year
payable September 30 and March 31. The Louisville and Nashville RR. Co. and the
Atlantic Coast Line RR. Co. are now joint lessees. This company holds as security for
the performance of the terms of the lease $500,000 5 p. c. gold bonds of the South and
North Alabama RR. Co., and $500,000 1st mtge. 4 p. c. gold bonds of the Atlantic Coast
Line RR. of South Carolina.
This company owns one-half interest in the Western Ry. of Ala. (the other half being
owned by the Central of Georgia Ry. Co.), and owns more than a two-fifths interest in
the Atlanta and West Point RR.
2. Surplus Account (Lessor), April 1, 1903.— Surplus, April, 1902, $782,678.72;
receipts for year (rental), $600,000— total, $1,382,678.72. Contra: Accrued dividends
(April, July, and Oct.. 1902, and Jan., 1903, 2^ p. c. each), $462,000; interest on bonds,
$138,000; redemption of old bank notes, $1.70— total, $600,001.70. Balance, $782,677.02.
i*. Dividendl. Front the organization of the company to the close of the fisoal
year 1903 there were paid 159 cash dividends aggregating 513^ p. c. The dates and rates
Railroad Map of North Carolina and South Carolina.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
. "BANKNOTE NEWYORK"]
BUSINKSS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAR.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac- .
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual— Railroad Map of the United States, 1903.
NORTH CAROLINA AND SOUTH CAROLINA.
^RailroadfMap of North Carolina and South Carolina.
Railroad Map of Georgia and Alabama.
American Bank Note Company
(.CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT. 1903. BY POOR'S RAILROAD MANUAL CO.
Poor's Manual- Railroad Map of the United States, 1903.
2*s=2J*&m.
Z^^&J0K3f--2£'r*ssa
Pra|t..;.,V-J.f<r\Vau,iipkaU / >
•OHfttofr^W'^e* s" r-^2*— HChehaw
"•" (•Oj»I.7vJT_iS-^^C^37 V, COLUMBUS
Lvngltudt
GEORGIA AND ALABAMA.
Railroad Map of Georgia and Alabama.
NOW READY.
MONEY AND ITS LAWS:
EMBRACING
A HISTORY OF MONETARY THEORIES
AND
A HISTORY OF THE CURRENCIES
OF THE
UNITED STATES.
By HENRY V. POOR,
Poor's Railroad Manual Co. ,68 William St., New York.
I vol., royal octavo, cloth, pp. xl.( 623.
Price, $5.OO.
Sent, free of postage, upon receipt of price, by the publisher*, and for gale by all booksellers.
Of the excellence and completeness of vbe work the publishers present the following
testimonial :
" The undersigned, having carefully examined the work recently published by Mr. HENRY V.
POOR upon the subject of MONEY, hereby express their conviction that he has unfolded its NATURE
and LAWS with an amplitude and clearness which have all the force of demonstration. His assump-
tion of treating money as a subject coming within the range of the exact sciences has been well
sustained. The application of the principles laid down in the first part of his work cannot tail to
restore order in the place of the chaos of opinion which now prevails, and to point out, unmistakably,
the conditions necessary to a restoration of the currency of the country to the standard of coin, we
command the work to the public as an able, scholarly, painstaking, and exhaustive treatise upon a
subject in which is involved, more than in any other now engaging their attention, the welfare of
the people of the United States."
GEORGE S. COE, President American Exchange National Bank, New York.
J. D. VERMILYE, President Merchants' National Bank, New York.
JOHN CUMMINGS. President Shawmut National Bank, Boston, Mass.
JAMES H. BE AL, President Second National Bank, Boston, Mass.
WINSLOW, LANIER & CO.. Bankers, New York.
JAMES A. DUPEE, Treasurer Hamilton & Appleton Mfg. Co ., Boston, Maas.
POOR S MANUAL — GEORGIA RR. AND BANKING CO.
225
per cent, of the dividends to and including that of April 15, 1898, are in the MANUAL
for 1898, page 456. (See GENERAL INDEX for table of DIVIDENDS PAID BY RAILBOAD COM-
PANIES.)
4. Statement of the income and capital accounts, Lessor Co., for seven fiscal years:
1897
1898
1899
1900
1901
1902
1903'
S
600,000
21,672
$
600,000
24,052
$
600,000
21,093
S
600,000
19,820
$.
600,000
$
600,000
$
600,000
Other Receipts
Net Income
621,672
256
148,000
473,416
,11)462,000
4,200,000
2,500,000
1,171,699
624,052
307
143,000
480,745
(11)462,000
4,200,000
2,500,000
1,190,443
621,093
252
138,000
482,841
(11)462,000
4,200,000
2,500,000
822,385
619,820
268
138,000
481,552
(11)462,000
4,200,000
2,500.000
841,937
600,000
59,252
138,000
402,748
(11)462,000
4,200,000
2,500,000
782,685
600,000
6
138,000
461,994
(11)462,000
4,200,000
2,500,000
782,679
600,000
2
138,000
461,998
462,000
4,200,000
2,500,000
782,677
Sundry Expenses. . . .
Interest on Bonds. .
Funded Debt
Income
Sundry Accounts.
32,256
25.590
24,285
20,483
20,245
18,851
19,953
Total Liabilities. . .
Road an' Outfit
Macon & Augusta RR.
Stocks, Bonds, etc . . .
Cash andjCash Assets.
Total Resources .
7,903,955
4,200,000
1,230,000
2,164,010
309,945
7,916,033
4,200,000
1,230,000
2,164,010
322,023
7,546,670
4,200,000
1,230,000
1,775,110
341,560
7,562,420
4,200,000
1,230,000
1,775,110
357,310
7,502,930
4,200,000
1,230,000
1,691,110
381,820
7,501,533
4,200,000
1,230,000
1,709,790
361,743
7,502,630
4,200,000
1,230,000
1,721,988
350,642
7,903,055
7,916,033
7,546,670
7,562,420
7.502,930
7,501,533
7,502,630
5. Funded Debt The funded debt outstanding on March 31, 1903, consisted of (1) $1.-
000,000 6s of Jan. 1, 1910 ; (-2) $300,000 6s of Jan. 1, 1922, and (3) $1,200,000 5s of Jan. 1, 1922.
O. Company's General Balance Sheet, March 31, 1903.
Road and Outfit $4,200,00000 ~ • • -• -
Macon and Augusta RR 1,230,000 00
Joint Interest in Hari?on Block 30,947 59
Stock Ga. RR. Bank 198,20000
Stocks and Bonds 1,492,840 00
Bills Receivable 25,00000
Cash (on deposit in Bank) 336,642 31
Capital Stock $4,200,000 00
Surplus 782,677 02
Funded Debt Outstanding 2,500,000 00
Accrued Interest on Bonds Unpaid — 4,410 00
Unclaimed Dividends 15,54288
Total Assets $7,502,629 90 Total Liabilities $7,502,629 90
7. Securities owned by Georgia Railroad & Banking Co., and held by said company
for use of Georgia Railroad Lessees, June 30, 1902.
DESCRIPTION
Par Value
Ledger
Valuation
S
1,500,000.00
547,200.00
31,000.00
25,000.00
$
900,000.00
561,840.00
31,000.00
25,000.00
2,103.200.00
388,900.00
140 000 00
1,517,840.00
388,900.00
8.000.00
3,333.34
536,900.00
2, 1 03, L>< !'!()()
536,900.00
392.233.34
1,517,840.00
392,233.34
2,640,100.00
1,910,073.34
1 5,000 Shares Stock Western Railway of Alabama, $100 each
5,472 Shares Stock Atlanta and West Point RR. Co., $100 each
31 Bonds Walton Railroad Co., $1 ,000 each, 6 per cent
Cash Realized from Sale of Union Point and White Plains Railroad Co. Securities,
via. : 200 Shares of Stock, 820,000, and 84 Bonds, $84,000, for which the Georgia
Railroad and Banking Co. holds note . .
Total held by Georgia Railroad and Banking Co.
Securities Oumed and Held by the Lesfees •
Certificate Indebtedness A. & W. P. RR. Co.. 6 per cent
2,800 Shares Common Stock, Gainesville, Jefferson & South. RR. Co., $50 each .
160 Shares Preferred Stock Gainesville, Jefferson & Southern RR. Co., $50 each
Total held by Lessees Georgia Railroad
RECAPITULATION
Securities held by Georgia Railroad and Banking Co . .
Securities held by Georgia Railroad Lessees
Total Securities. . .
2V.T) POOR'8 MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
8. Income from Securities Owned. — The income from securities held by the com-
pany ($2,047,200 as above) during the year ending March 31, 1903, was as follows: Divi
dend* on W. Hy. of Ala. stock, $00,000; on A. A W. P. RR. stock, $56,166— total, $116,166;
all of which has been paid over to lessee of Georgia RR. under the terms of the lease.
FINANCIAL STATEMENTS or THE GEORGIA RAILROAD BANK.
9. Income Account, year ending Dec. 31, 1902. — Earnings — discounts, $109,392.03;
exchange, $7,735.15; rents and dividends, $7,218.39; old claims, $653.35 — total, $124,-
998.92. Expenses of company and bank, $77,205.17; losses in bad debts, $17,170.05; re-
duction value real estate, $76,802.81— total, $171,178.03. Deficit for year, $46,179.11. Un-
divided profits from last year, $190,336.18. Net undivided profits on Dec. 31, 1902,
$144,157.07.
10. Balance Sheet, March 31, 1903. — Capital stock, $200,000; undivided profits,
$158,018.92; due depositors and banks, $2,027,408.06— total liabilities, $2,385,426.98.
Contra: Loans and discounts, $1,771,897.10; bonds and stocks, $70,376.89; banking house,
$50,000; other real estate, $40,454.79; due from banks, $242,040.09; cash, $210,658.11—
total, $2,385,426.98.
11. Board of Directors, Oa. RR. d B. Co., as constituted May 1, 1903.
Jacob Phinizy Augusta, Ga.
H. D. McDaniel. ..Monroe, Ga.
H. H. Hickman.... Augusta, Ga.
Thos. Barrett, Jr. "
T. M Green.. .Washington, Ga.
K. W. Butler Madison, Ga.
A. W. Calhoun Atlanta, Ga.
T. W. Coskery Augusta, Ga.
Leonard Phinizy. . "
James White Athens, Ga.
R. D. Spalding Atlanta, Ga.
Wm. A. Latimer. .Augusta, Ga.
George A. Speer. . . Atlanta, Ga.
Wm. W. Thomas. ..Athens, Ga.
James Tobin Augusta, Ga.
Billups Phinizy Athens, Qa.
Henry B. King — Augusta, Ga.
JACOB PHINIZY, President Augusta, Ga.
C. G. Goodrich, Cashier
GEORGIA RAILROAD — STATEMENT OF THE OPERATIONS, ETC., OF THE GEORGIA
RAILROAD, LOUISVILLE AND NASHVILLE RR. Co. AND ATLANTIC COAST LINE RR.
Co., Lessees.
1. Mileage Operated, June 30, 1902:
Leased: Georgia RR. (as per mileage statement on page 224) 307 miles.
Controlled: Gainesv., Jefferson & Southern RR. (See subjoined statement) ... 65 "
Owned or Controlled f Au9^sta Belt Ry. (See subjoined statement) 7 "
by Lessees GaRR 1 *«|«fc«*«e Ry. (See General Index-Street Rys.) .. 6 "
(Lexington Terminal RR. (See subjoined statement) ... 4 "
Total length of lines operated, June 30, 1902 .'. 389 miles.
The Gainesville, Jefferson and Southern RR. is of 3-ft. gauge; the others are stand-
ard gauge roads. The Georgia Railroad Lessees hold T"$j interest in the Gainesville,
Jefferson and Southern RR. Co., and have endorsed $236,500 bonds of the same company.
Under the terms of the lease from the Georgia RR. and Banking Co., the Lessees hold
interests in the Atlanta and West Point RR., 87 miles, and Western Ry. of Alabama, 138
miles, a total of 225 miles, making the aggregate mileage of the system, 614. The Union
Point and White Plains RR. has been surrendered to its owners.
2. Rolling Stock, June 30, 1902.— Locomotives, 50. Cars— passenger, 34; com-
bination, 4; sleeping, 6; baggage, mail, and express, 16; freight (box, 1,070; flat, 183;
coal, 243; stock, 43; furniture, 5; refrigerator, 5), 1,549; service, 49 — total cars, 1,658.
3. Earnings and Expenses, Supplementary Statement, 1 1 months ending
May 31, 1903, and comparison with 11 months ending May 31, 1902. — Gross earnings—
1903, $2,143,441.07; 1902, $1,848,838.69; increase, $294,602.38. Operating expenses—
1903, $1,467,004.95; 1902, $1,227,976.40; increase, $239,028.55. Net earnings— 1903.
$676,436.12; 1902, $620,862.29; increase, $55,573.83. Net income— 1903, $764,519.12:
1902, $708,945.29; increase, $55,573.83.
POOR'S MANUAL— GEORGIA RR. 227
3a. Operations, Georgia RR. and controlled line, year ending June 30, 1902:
Georgia
RR.
G., J. * S.
RR.
TOTAL ALL, LINKS
1902
1901
307
687,235
1,017,914
65
13,208
372
700,443
1,017,914
233,164
342,636
372
685,688
899,984
245,700
323,558
Freight
111,772
342,636
121,392
Other
2.159,557
556,803
21 .063,343
1,106,013
132,529,972
$
527,279.39
1,379,170.01
45,110.88
28,351.74
6,845.49
134,600
57,212
847,232
67,576
1.822,387
S
25,830.63
69,820.87
3,452.28
706.42
2,294,157
616,015
21,910,575
1,173,589
134,352,359
S
553,110.02
1.448.J90.88
48,563.16
29,058.16
0,845.49
2,154,930
663,524
20,634,781
1,120,764
121,537,023
1
515,194.74
1,334,164.30
48,566.50
24,084.41
5,011.68
Freight
Mail
Miscellaneous
Total Earnings
1,986,757.51
228,925.07
248,129.11
708,037.12
142,886.70
12,550.50
99,810.20
17,939.54
8,580.33
47,047.52
10,034.13
2,729.59
2,086,567.71
246,864.61
256,709.44
755,084.64
152,920.83
15,280.09
1,927,021.63
220,338.85
300,853.07
706,652.49
138,769.62
15,296.80
Expenses— Maintenance Way and Structures
Maintenance of Equipment
Transportation
General .
Taxes
Total Operating Rxpenses
1,340,528.50
646,229.01
116,166.00
86,331.11
13,479.09
1,426,859.61
659,708.10
116,166.00
1,381,910.83
545.110.80
117,423.00
Net Earnings
Other Receipts— Interest and Dividends
Total N«t Income
762,395.01
13,479.09
16,555.00
775,874.10
16.555.00
600,000.00
662.533.80
16,555.00
600,000.00
Doduct Interest on Bonds. . ....
Rental Georgia <RR. and Branches
600.000.00
Balance, Surplus
162,395.01
6,471.52
4,366.54
2,104.98
67.47 p. c.
2.50 c.
l.lOc.
del 3,075.91
1,535.54
1.328.17
207.37
86.50 p. c.
3.05 c.
3.83 c.
159,319.10
5,609.05
3,835.65
1,773.40
68.37 p. c.
2.52 c.
l.OSc.
45,978.80
5,152.47
3,694.95
1,457.52
71.72 p. c.
2.49 c.
1.09c.
Gross Earning^ per Mile
Operating Expenses per Mile
Net Earnings per Mile
Expends to Earnings
Average Rate per Passenger per Mile
Average Rate per Ton per Mile
The net income of the Georgia RR. fcr the fiscal year 1902, $762,395.01, is placed as
follows: Cash in bank, $28,725.10; current balances (debtor, $553,226.74; creditor, $247,-
669.54), $305,557.20; balance paid on rental account, $411,557.71; advanced for Gaines-
ville, Jefferson and Southern RR., $10,555 — total, $762,395.01. Deduct loss on Gaines-
ville, Jefferson and Southern RR., $16,555. Total net income, $745,840.01.
4. Profit and Loss Account, June 30, 1902. — Debit: Rental of Georgia RR. and
branches this fiscal year, $600,000; loss on Gainesville, Jefferson and Southern this fiscal
year, $16,555; cost of new cars (25 coal, $17,789.50; 25 stock, $14,180.50), $31,970; bal-
ance to credit of profit and loss, June 30, 1902, $184,282.30 — total, $832,807.30. Credit:
Balance to credit of profit and loss, June 30, 1901, $70,412.29; net income Georgia RR.
and branches this fiscal year, $762,395.01 — total, $832,807.30.
5. General Balance Sheet (Lessees), June 30, 1902.
Lessee General Account $551,138 05
Car and Locomotive Trust Account. . $157,980 97
Athens Extension 131,73759
Gainesv., Jefferson & South. RR. Stk. 3,333 34
Gainesv., Jefferson & Southern RR.
Rolling Stock 21.38000
Advanced for G.. J. & So. RR H94.687 12
Current Accounts and Balances 553,226 74
Cash In Bank and with Treasurer 28,725 10
Total Assets $1,291,070 86
Rental Accrued, April, May and June. 150,000 00
Car Trust and Locomotive Notes 157,980 97
Current Creditor Balances 247,669.54
Proflt and Loss 184.282 30
Total Liabilities $1,291,070 86
O. Honda Guaranteed and Unguaranteed. — There are outstanding secured on the
Gainesville, Jefferson and Southern RR., $245,000 1st 7s of 1911, $75,000 2d 7s of 1908, and $40,-
188
POOR'S MANUAL OF RAILROAD? — SOUTH ATLANTIC GROUP.
000 Walton RR., 1st 6s of 1910. The Georgia Railroad lessees have endorsed $161,500 of the G., J.
A 8 1st mtge. bonds and the entire $75.000 2d mtge. bonds. They advance the means to pay the
coupons, except on Walton RR. bonds and on the $83.500 unendorsed 1st mtge. bonds of the G., J. &
8. RR. Co.. Interest on both of which Is in default since July 1. 1895. The Georgia RR. and Bank-
Ing Co. owns $31.000 of the Walton RR. bonds. Additional particulars respecting the several
Issues of bonds are in the Ready Reference Bond List. (See General Index under name of Georgia
RR and Banking Co.)
7. Statement of operations, income aceouat, etc., Georgia RR (lessees), for seven
\.-.n~ «n<linj,' June 30:
1896
1897
1898
1899
1900
1901
1902
Miles RR. Operated.
307.00
307.00
307.00
307.00
307.00
307.00
307.00
Passenger Train Kiln.
653,652
609,926
674,458
743,520
711,290
680,280
6*7,235
Freight Train Mile*.
SW.022
673,736
728,806
745,543
743,313
W«),!).S4
1,017.914
Mixed Train Miles
149,353
219,282
95,169
92.900
139,294
105,000
111,772
Total Engine Mileage
1,677,358
1,828,522
1,808,660
1,902,676
l,sxx,<)7i;
2,068,882
2,159,557
PiMfjflTS CaiTKHl
410,400
320,986
322,796
437,930
582,212
612,214
556,803
Paiwengm Carried One Mile
17,234,068
14,817,218
14,493,757
18,137,883
19,108019
19839071
21 063 343
TOM Freight Moved
793,136
873,833
950,928
887,673
908,027
1,05.5,965
1,106,013
TOM Moved One Mile
89,025,409
101,018,509
114,497,487
110,323,385
107,908,815
119,578,841
132,529,972
Earning! — Passenger
$
426,957
386,225
$
380,012
$
466,042
$
441,260
$
491,729
$
527,279
Freight
983,921
1,139,416
1,167,642
1,101,109
1,149,790
1,269,269
1,379.170
Mail and Express.
54.552
60,983
62,035
63,178
63,411
68670
73463
Miscellaneous. ...
14,362
4,035
6,457
4,513
3,878
5,011
6,845
Total
1,479,792
1,590,659
1,616,146
1,634,842
1,658,339
1,834,679
1,986,757
Operating Expenstsand Taxes.
1,048,672
1,139.2%
1,223.117
1,141,199
1,117,227
1,284,373
1,340.528
Net Earnings . ,
431,120
451,363
393,029
493643
541,112
550,306
646,229
Add — Interest and Dividends.
92,752
107,800
62,528
287,849
90,988
117,423
116,166
Total Income
523872
559 163
455 557
781 492
632 100
667729
762395
Rental Ga. RR. and Branches.
H»t IKKI
600000
600000
600000
600000
600000
COO IKNI
Balance (+ or— )
—76 128
-^40837
—144443
+181 492
•+32 100
-(-67729
+162395
Balance Forward
—810,764
—886892
—927 729
—1 072 172
— 1 149954
+19 621
+70 412
Babinee at Close of Year
—886,892
—927929
—1 072 172
— *890680
— tl 117854
+187350
+§232807
(irons Earnings per Mile
482017
5 18130
526432
532521
5 40175
5 976 15
6 471 52
Operating Expenses per Mile
3,415 87
371106
3984 10
371074
3639 17
4 18363
4 36654
Net Earnings per Mile. .
1 40430
1 470 24
1 28022
2 614 47
1 76258
1 792 52
2 10498
Expenses to Earnings
7087pc
71 62 p c
75 68 p c
69 80 p c
67 37 p c
70 01 p c
67 47 p c
Aver. Rate per Pass, per Mile.
248c
261 c
262c
257c
231 c
248e
250r
Aver. Rate per Ton per Mile . . .
1 18 c
1 19 c
l.OSc
1 06c
1 13 c
1 12 c
1 10 c
•Plus materials and supplies on hand, credited heretofore to profit and loss, $91,961, also income
received after June 30, 1899. $167,313, making debit balance to profit and loss, June 30. 1899, $1,-
149.954. tPlus cost of roads, $567,971 ; interest on A.& W. P. RR. certificates prior to June 30. 1899,
paid to lessees, $11,667; dividend, Augusta Belt Ry., prior to June 30, 1899, paid to lessees, $3,782;
G., J. A S. RR. Interest for April, May and June. $1,313 ; loss on G., J. & S. RR.. $16,555, and loss
on Union Point and White Plains RR., $6,475, less $1,745,238, balance due lessee general account,
making credit balance to profit and loss, June 30, 1900, $19,621. JLess loss on G., J. & S. RR.,
$16,555 and loss on Union Point and White Plains RR., $383, leaving credit balance to profit and
loss. June 30, 1901, $70,412. |Less loss on G., J. & S. RR., $16,555, and cost of new cars, $31,970,
leaving credit balance to profit and loss, June 30, 1902, $184 282
S. OfKKATED BY GEORGIA RR. (L. & N.
AIGU8TA BELT RY Harrisonville to
June, with C. & W. C. Ry. at Augusta, Ga., 3.76
in. ; total track (steel ; 56 Ibs.), 6.92 miles. Char-
tered April 8. 1896; road opened in 1896. Owned
by the Georgia RR., Lessees.
OPERATIONS. — Gross earnings, year ending
June 30, 1902. $8,829. Operating expenses, $4,890.
Net earnings, $3.939.
BALANCE SHEET, J»me 30. 1902. — Capital
stock (J100 shares), $65,000; profit and loss, $11,-
15— total, $76,075. Contra : Cost of road. $65 -
000; cash and other assets. $11.075 — total. $76,075.
CORPORATE OFFICERS.— Thos, K. Scott
Pros. ; Carlton Hillyer. Sec. ft Treas., Augusta,
Oa. OflVe. Augusta, Ga.
m££SS5S3SLLm' JEFFERSON AND
SOUTHERN RR.— Gainesville to Social Cir-
cle. Oa.. 52 m. ; Belmont to Jefferson, Ga., 13 m.
— total tt m.; total track (steel. 43 m.). 72
miles. Rail. 30 to 56 Ibs. Gauge 3 ft
STORY.— Chartered Aug. 23. 1872; road
opened March 8. 1884. Consolidated with the
RR. Co. AND A. C. L. RR. Co., Lessees).
Walton RR., on March 11, 1884. Operated in con-
nection with the Georgia RR. On March 4, 1897,
the road was placed in the hands of a receiver.
INCOME ACCOUNT. — Gross earnings, year
ending June 30, 1902, $99,810 ; expenses, $86,331 ;
net earnings, $13,479. Interest on bonds, $16,555.
Deficit, $3,076, advanced by Georgia RR.
FINANCIAL STATEMENT. — Capital stock
($242,687 common and $17,650 preferred; $50
shares), $260,337; funded debt ($245.000 1st 7s of
1911 ; $75.000 2d 7s of 1908, and $40,000 Walton RR.
1st 6s of 1910), $360.000 — total, $620,337.
CORPORATE OFFICERS.— S. C. Dunlap, Re-
ceiver. Office, Gainesville, Ga.
LEXINGTON TERMINAL RR.— Lexington
to Crawford, Ga., 4 miles. Rail (steel), 30 Ibs.
HISTORY. — Chartered in 1888; road opened
Oct. 1, 1889. Purchased by lessees of Georgia RR.
on Jan. 1, ISiOO.
ROLLING STOCK. — Locomotive. 1 ; passenger
car, 1.
INCOME ACCOUNT. — Gross earnings, year
POOR S MANUAL OP RAILROADS.
229
ending June 30, 1902, $3,435. Operating expenses,
$1,574. Net earnings, $1,861.
BALANCE SHEET, June 30, 1902. — Capital
stock, $6,600 ; profit and loss, $3,278 — total, $9,878.
Contra : Cost of property, $6,600 ; other assets,
$3,278— total, $9,878.
CORPORATE OFFICERS.— Hamilton Mc-
Whorter, Pres., Lexington, Ga. ; Thos. K. Scott,
Vice-Pres. ; W. T. Richards, Treas. ; Carlton Hill-
yer, Sec., Augusta, Ga. Office, Augusta, Ga.
9. Officers in Charge of Operations.
THOS. K. SCOTT, General Manager Augusta, Ga.
Treasurer — W. T. Richards Augusta, Ga. | Auditor — Carlton Hillyer Augusta, Ga.
PRINCIPAL OFFICE AND ADDRESS Augusta, Ga.
GEORGIA SOUTHERN AND FLORIDA RAILWAY COMPANY.
1 • Line of Road. — Macon, Ga., to Palatka, Fla 285 miles.
Sidings, etc., 47.36 miles. Gauge, 4 ft. Sy2 in. Rail (steel), 60 and 75 Ibs.
2. History. — Reorganization, May 22, 1895, of the Georgia Southern and Florida
RR. Co., whose property was sold under foreclosure April 2, 1895. (See MANUAL for
1895, page 170.) By deed dated Oct. 16, 1902, from Atlantic, Valdosta and Western
Ry. Co. to Georgia Southern and Florida Ry. Co., this company acquired that part of
the Atlantic, Valdosta and Western Ry. lying between Valdosta, Ga., and Grand Crossing,
Fla., 106.61 miles, making the present length of railroad owned and operated by this
company 391.61 miles. In connection with this purchase the company executed a mort-
gage to the New York Security and Trust Co., trustee, to secure an issue of bonds to the
amount of $10,000,000.
3. Rolling Stock, June 30, 1902.— Locomotives, 36. Cars — passenger, 21; sleep-
ing, 2; baggage, mail, and express, 19; freight (box, 769; flat, 955; stock, 9), 1,733;
service, 30 — total, 1,805.
A contract has been made for the purchase of 500 box cars, 100 flat cars, 40 coal cars
and 25 stock cars; 200 of the box cars were received prior to June 30, 1902, and are
included in the preceding inventory of rolling stock. This equipment is to be paid for,
20 p. c. in cash and the balance under equipment trust obligations bearing 4i/i p. c. interest
and maturing in twenty semi-annual installments dated from Sept. 1, 1902.
4. Operations, year ending June 30, 1902.— Train mileage (passenger, 627,567;
freight, 284,742; other, 302,444), 1,214,753 miles. Passengers carried, 438,407; carried
one mile, 14,451,175; average mile rate. 2.54 cents. Tons freight moved, 743,849; moved
one mile, 66,369,659; average ton-mile rate, 1.15 cents.
EARNINGS.
1900-01 1901-02
$353 267 15 $367 901 49
Fn-i^ht
735 434 80 762 839 85
Mail find Express
77 428 80 81 333 73
37 680 51 38 800 89
Totals
$1 203 81 1 26 $1 250 875 96
Averages per Mile —
4.223 90 4.389 03
EXPENSES.
1900-01 1901-02
Maint. of Way A Structures $242,755 87
Maintenance of Equipment 21 1,808 02
Conducting Transportation 348,271 49
General and Taxes 100,308 78
$182.610 23
302.397 76
359.785 25
111,11285
Totals $903,14416
Averages per Mile 3,16893
$955,906 09
3,35405
Net earnings 1901-02 (23.58 p. c.), $294,969.87; other receipts, $14,088.83 — total,
$309,058.70. Deductions: Interest on 1st mtge. bonds, $190,050; dividends Nos. 9 and 10,
on 1st preferred stock (Nov. 4, 1901, and May 5, 1902, 2t/2 p. c. each), $34,200; divi-
dends Nos. 6 and 7 on 2d preferred stock (Nov. 4, 1901, and May 5, 1902, 2 p. c. each),
$43,360— total, $267,610. Surplus, $41,448.70; surplus forward, $348,212.61— total, $389,-
661.31.
5. ( iii.itnl Stot'k.— Capital stock consists of $1,000,000 common stock, $684,000 1st pre-
ferred 5 p. c. stock and $1,084,000 2d preferred 5 p. c. stock; shares, $100 each. The 1st preferred
stock is entitled to 5 p. c. dividends, non-cumulative, and is a lien on the property subject to the
lien of the 1st mtge. bonds. The 2d preferred Is entitled to 5 p. c. after payment on 1st preferred.
After dividends have been paid on 1st and 2d preferred stocks, the common stock is entitled to divi-
dends up to 5 p. c. per annum ; any surplus to be divided between the three classes of stock,
pro rata.
POOR'S MANUAL OF UA1LKOAD8 — SOUTH ATLANTIC GROUP.
6. Capitalization, cost of road and equipment, and results from operation for seven
fiscal years ending June 30:
GroM Expense
CapiUl
Stock.
Funded Cost of Miles
Debt. Property. Workd.
Earn-
and t ,Net Fized Ba,
ings. Taxes, ing* Income- Interellt-lstPref. 2dPref. 6urplul-
I S $ $ $ $ $ S
869.116 610,329 258,787 258.787 179,200 79,587
8ti3,541 590.707 272,834 272.834 179,875 27,360 65.5W
949,027 654.054 295.573 300,276 177.950 34,200 21,680 60,446
953,798 695.715 258.083 261,385 181,250 51,300 32,520 def 3. 685
I9QO. 2J68.000 3.801.000 6.682,238 285 1,180.411 869,663 310.748 322.467 187.550 34.200 32.520 68.197
1901 2.768.000 3.801.000 6.683.353 285 1.203,811 903,144 300,667 313,456 190,050 34.200 65,040 24.166
1902. 2.768,000 3.801,000 6,633,353 285 1.250,876 955.906 294.970 309,059 190.050 34,200 43,360 41.449
1896.
1W7.
iwa
1809.
SSI
2.768.000 3.584.000 6.458,094 285
2.768.000 3.611.000 6.516.194 285
2,768.000 3,534.000 6,540.637 285
2.768.000 3.666,000 6,540.075 285
7. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $6,633,353 04
Securities Owned 217,50000
Rail Leased 25,25861
Materials and Supplies 59,768 91
Current Accounts and Balances 64,471 45
Cash 285,74023
Capital Stock (see Sec. 5) $2,768,000 00
Funded Debt Outstanding (see Sec. 8) 3,801,000 00
Reserve Funds 39,00411
Taxes Accrued, not Due 21.120 00
Current Liabilities, incl. Unpaid Int. . 267,306 82
Profit and Loss 389,661 II
Total Assets $7,286,09224 Total Liabilities $7,286,09224
8. Funded Debt. — Funded debt on June 30, 1902, consisted of $4,000,000 (of which $162,-
000 reserved for Improvements and $37,000 in treasury) 1st gold 5s of July 1, 1945, secured on
the entire railroad and property of the company, now owned or hereafter acquired. The mort-
gage provides that the 1st preferred stock shall constitute a lien upon the same property, second
only to the lien thereby created in favor of the bonds and coupons. (See Sec. 2.)
i>. Directors (elected Oct. 16, 1902).— T. C. Burke, J. F. Hanson, J. M. Johnston,
W. E. McCaw, \V. C. Shaw, T. D. Tinsley, Macon Ga.; F. M. Edwards, Boston, Mass.;
T. B. Greshara, Baltimore, Md.; E. C. Long, Jacksonville, Fla.; W. A. Merryday, Palatka,
Fla.; G. W. Parrott, Atlanta, Ga.; A. S. Pendleton, Valdosta, Ga.; H. P. Smart, Savan-
nah, Ga. ; Samuel Spencer, New York, N. Y. ; H. H. Tift, Tifton, Ga.
SAMUEL SPENCER, President New York, N. Y.
Wm. Checkley Shaw, Vice-President Macon, Ga.
Sec. A Treat. — Ben. C. Smith Macon, Ga..] Auditor — W. F. Buchannon Macon, Oa.
PRINCIPAL OFFICE AND ADDRESS Macon, Ga.
NEW YORK, PHILADELPHIA AND NORFOLK RAILROAD COMPANY.
1. Main Line of Road.— Delmar, Del., to Cape Charles, Va 95 m.
Crisficld Branch: King's Creek, Md., to Crisfield, Md 17 m.— 112 miles.
Sidings, etc., 33.84 miles. Gauge, 4 ft. S}/2 in. Rail (steel, 144.40 m.), 60 and 85 Ibs.
This company also operates 36 miles of ferry between Cape Charles, Old Point Com-
fort, Portsmouth, and Norfolk.
2. History.— Chartered Sept. 27, 1881, as successor to the Peninsula RR. Co. of
Virginia. Reorganized without foreclosure and without change of name on Jan. 24, 1899,
under the terms of a plan outlined on page 422 in the MANUAL for 1899.
3. Rolling Stock, June 30, 1902.— Locomotives, 20. Cars — passenger, 10; bag-
gage, mail and express, 7; freight (box, 592; flat, 2), 594; service, 12— total, 623.
4. Floating Equipment, June 30, 1902.— Steamboats, 3; tugboats, 4; car-floats, 6;
transfer barges, 2 — total, 15.
5. Operations, year ending June 30, 1902.— Train mileage— passenger, 209,792;
freight, 299.155; other, 88,045— total, 596,992 miles. Passengers carried, 252,260; car-
ried one mile, 9.875,655; average mile rate, 2.57 cents. Tons freight moved, 1,239,993;
moved one mile, 133,180,480; average ton-mile rate, 0.85 cent.
KARVIH- 8.
PMMBffr.. .
1900-01 1901-02
$232 848 24 $254 387 75
EXPENSES.
Maint. of Way and Structures. . .
Maintenance of Equipment
Conducting Transportation ..
General Expenses.
1900-01 1901-02
. $95.551 67 $197,899 52
. 170.39084 244.88154
. 506,006 46 606,824 49
41,872 54 42.990 78
FM(iH
91324844 1 126770 07
Mail and Express
Miscellaneous.
63.76004 67.61039
40.11063 43,34011
T '•,!%
Ami*, per MUe
.$1,249.967 as $1.492.117 32
11,16042 13,32248
Totals.
Averages per Mile
. $813.82151 $1.092.59633
7.266 26 9.755 33
POOR'S MANUAL OF RAILROADS.
231
Net earnings 1901-02 (26.78 p. c.), $399,520.99; other receipts, $1,041.66 — total,
$400,562.65. Payments: Interest on funded debt, $144,000; taxes, $29,157.10; dividends
(4y2 p- c.), $77,146.88 — total, $250,303.98. Surplus, $150,258.67; surplus forward,
$471,896.56— total, $622,155.23. Deductions during the year, $21,653.88. Surplus June
30, 1902, $600,501.35.
6. Capital stock, bonded debt, revenues, etc., for seven fiscal years ending June 30:
Years.
1896
Capital
Stock.
$
. 1.714,375
Bonded
Debt.
S
2,848,000
Cost RR.
A Invest-
ments.
$
5,212,959
RR.
Oper-
ated.
M.
112
Gross
Earn-
ings.
1
941,253
Expense
and
Taxes.
1
751,030
Net
Earn-
ings.
190,223
Net
Rev-
enue.
f
190,223
Paid
In-
terest.
S
181,391
Total
Pay- Balance
men te. (+ or — ).
181.391 +8833
1897..
1898..
1899..
1900..
1901..
1902..
. 1,714,375
. 1,714,375
. 1,714,375
. 1,714,375
. 1,714,375
. 1,714,375
2,848,000
2,848,000
3,oOO,000
3,«»,000
3,000,000
3,600,000
5,261,618
5,575,551
5,659,229
5,754,913
5,645,027
5,642,928
112
112
112
112
112
112
905,372
926,311
1,106,152
1,199,842
1,249,967
1,492,117
742,236
759,397
815,364
758.089
841,646
1,121,753
163,136
166,914
290,788
441,753
408,321
370,364
"16£,136
166,914
290,788
442,713
411,441
371,406
179,165
155222
106,132
141,600
144,000
144,000
179.165 —16.029
155.222 +11.692
106,132 +184.656
263,398 +179,315
311,645 +99,796
221,147+150,259
7. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $5,398,15697
Real Estate and Other Investments. . . 120,940 14
Stocks and Bonds Owned 123,83141
Materials and Supplies 74,013 89
Cash and Current Assets 373,43909
Reserve Fund 325,81750
Other Assets 15,96892
Total Assets $6,432,16792
Capital Stock (see Sec. 8) $1,714,37500
Funded Debt (see Sec. 9) 3,600,000 00
Current Liabilities 130,016 56
Accrued Interest and Accrued Taxes. . 61,457 51
Reserve Fund 325,81750
Profit and Loss 600,50136
Total Liabilities $6,432,167 92
8. Capital Stock. — The authorized issue is $2,000,000 in $50 shares. The balance un-
issued on June 30, 1902, was issued in March, 1903, to provide the necessary funds for additional
equipment, etc., and for such other improvements as may be needed from time to time. Under a
traffic agreement with the Pennsylvania RR. Co. it is provided that the company named or the
Philadelphia, Wilmington and Baltimore RR. Co., or both of them, shall have the option to purchase
the capital stock of this company at any time during the continuance of the traffic contract at a
price to be determined by capitalizing, at the rate of 6 p. c. per annum, the average annual net
earnings applicable to dividends for the three years prior to the exercise of the option, added to the
pro rata value per share of any accumulated and undivided earnings, represented by cash or securi-
ties at their market value, in excess of the sum of $100,000, which amount shall be held to be re-
quired for working capital. To insure and secure this option, the capital stock is deposited in trust,
and in lieu thereof there have been issued to the share owners negotiable trust certificates entitling
the holders to vote at any meeting of the company and to receive any dividends declared upon the
stock.
9. Funded Debt. — The funded debt on June 30, 1902, consisted of $2,600,000 1st gold 4s of
Jan. 1, 1939, and $1,000,000 2d income gold 4s of Jan. 1, 1939. The authorized amount of 1st
mtge. bonds is $3,000,000, of which $400,000 is reserved for betterments.
10. Directors (elected March 17, 1903) .—William A. Patton, A. J. Cassatt, J. Q.
Cassatt, C. A. Griscom, Rudulph Ellis, R. K. Cassatt, Philadelphia, Pa.; John Lloyd,
Altoona, Pa.
WM. A. PATTON, President Philadelphia, Pa.
R. K. Cassatt, Asst. to President " "
Treasurer — J. G. Cassatt Philadelphia, Pa. | Secretary — O. J. De Rousse Philadelphia, Pa.
Auditor — H. C. Carlile -...Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Cape Charles, Va.
NORFOLK AND SOUTHERN RAILROAD COMPANY.
1. Main Line of Road.— Berkeley, Va., to Belhaven, N. C. 105.29m.
Virginia Beach Division: Norfolk, Va., to Virginia Beach, Va. . . 18.86m.
Currituck Branch: Kempsville, Va., to Munden Point, Va 22.14m. — 146.29 mile*.
Sidings, 30.18 miles. Gauge, 4 ft. S^ in. Rail (steel), 50 to 70 Ibs.
2. History. — Organized in May, 1891, as successor to the Norfolk Southern and the
Albemarle and Pantego RR. Cos. (See MANUAL for 1897, page 146.) On Nov. 1, 1899,
the company purchased the Norfolk, Virginia Beach and Southern RR., extending from
Norfolk to Virginia Beach and from Kempsville to Munden Point; a total length of 41
miles. In July, 1902, $30,000 of bonds were issued to provide means for building an
extension from Virginia Beach to Cape Henry, a distance of 7 miles.
232
POOR'S MANUAL OF RAILROADS— SOUTH ATLANTIC GROUP.
1901-02
$lrix 533 V.I
EXPENSES.
Haint of Way 4 Structures
1900-01
. . $155,622 36
1901-02
$161.33868
464,19832
19 143 49
Maintenance of Equipment
70,16851
. . 244 549 85
82,792 65
248,17944
57 513 27
40 234 16
4234210
$700 :KS '.17
Totals
. $510,574 88
$534,652 93
4.84920
Averaees ner Mile. . . .
3.47803
3.654 75
3. Rolling Stock/June 30, 1902.— Locomotives, "1ft. Cars — passenger, 23; bag-
gage, mail and ,-xprfs,. 7; fn-ight (box, 221; flat, 164; stock, 6; refrigerator, 2; log, 50),
443; service, 60— total cars, 523.
4. Floating Equipment— Steamboat*, 10; transfer steamer, 1; tugs, 2; car floats,
4; floating pile driver, 1; barge, 1; and 9 covered lighters.
5. Operations, year ending June 30, 1902. — Train mileage — passenger, 160,986;
freight, UU,d34 ; mixed, 62,278-r-tot-al> 322,898 miles. Passengers carried, 398,440; carried
one mile, 8,037,677; average mile rate, 2.09 cents. Tons freight moved, 495,491; moved
one mile, 24,538,359; average ton-mile rate. 1.89 cents.
EARNING*. 1900-01
PMeuer. . $149,004 17
Ffckht 473.957 27
Mail and Kxpre* 18.22140
Miscellaneous 65.91875
Totals... .... $697,09959
Averages per Mik. 4,74863
Net earnings, 1901-02 (24.63 p. c.), $174,736.04; net earnings of steamboats, $10,-
267.96; other income, $3,049.52 — total, $188,053.52. Payments: Interest on funded debt,
$07,500; on floating debt, $964.38; taxes, $23,943.91; dividends (4 p. c.), $80,000— total,
$172,408.29. Surplus, $15,645.23; surplus forward, $292,000.40 — total, $307,645.63.
6. Capital account, income, etc., for seven fiscal years ending June 30:
Capital
Year.. Stock.
$
1896. 2,000.000
1897 2.000,000
1898. 2.000.000
18W. 2,000.000
1900 2,000.000
1901 2.000.000
1902. 2.000.000
7. General Balance Sheet, June 30, 1902.— Capital stock ($100 shares), $2,000,-
000; funded debt, (1st gold 5s of May 1, 1941; $10.000 per mile auth.), $1,350,000; cur-
rent liabilities, $123,095.45; accrued interest, $11,330; profit and loss, $307,645.63— total,
$3,792,071.08. Contra: Cost of road and equipment, $3,599,091.19; securities owned,
$8,700; materials, etc., $55,098.67; cash and current assets, $129,181.22— total, $3,792,-
071.08. After June 30, 1902, $30,000 additional bonds were issued to build the extension
referred to in Sec. 2.
8. Securities Owned. — Capital stock of Norfolk and Portsmouth Belt Line RR. $6,200
capital stock of Southern Amusement Co., $2,500 — total, $8,700.
9- Directors (elected March 5, 1903).— John Carstensen, Alfred Skitt, E. V. W.
RoBsiter, Henry Sampson, C. M. Depew, Charles F. Cox, George R. Turnbull, W. S. John-
ston, New York, N. Y.; M. K. King, Norfolk, Va.
JOHN CARSTENSEN, President New York, N. Y.
Alfred Skitt, Vice-President
Sec. A Treat. — Clarence Morgan. New York, N. Y. | Gen. Manager — Morris K. King Norfolk, Va.
Auditor— George M. Glazier Norfolk, Va.
PBINCIPAL OFFICE AND ADDRESS Norfolk, Va.
New York Office Room 526, Grand Central Station.
Bonded Cost RR. A
Road
Grow
Net
Net Interest
Divi-
Total Balance,
Debt Equipment. Operated.
Earn'gs.
Earn'gs.
Income.
Paid.
dends.
Paym'ta. Surplus.
$
$
M.
$
$
$
$
$
$
$
750,000
2,780,000
104.48
422,510
140,640
147,946
38,982
80.000
132,542
15,404
750,000
2,770.000
102.85
420.628
142,268
144,963
38,732
80,000
144,458
505
750,000
2,765.000
102.85
493,529
164,962
173.474
38,483
80.000
141,068
32,406
830,000
2,785.000
102.85
487,023
173,872
190,947
40,233
80,000
183,889
7,058
1.350,000
3,553,645
146.80
626,488
219,832
229.349
69.650
80.000
169,070
60,279
1,350,000
3,567,689
146.80
697.100
186,525
201,031
68,240
100.000
190,978
10,053
1,350.000
3,599.091
146.29
709.389
174,736
188,053
68,464
80,000
172,408
15,645
NORFOLK AND WESTERN RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES xo NUMBERS OF SECTIONS.
Capital Stock. Description of. 7
Directors and Officers 14
Earnings, Expenses, etc 5
K<iulnment Trust 5b
Funded Debt, Description of 9
General Balance Shoot. 1M2.. 8
General Balances, 1897-1902.. 12
History 2
laeger & South. Ry 2
Income Acct., June 30, 1902.. 5
Income Account, 1S96-1902. . . 6
Mile. Operated, June 30. 1902 1
Mileage Operated. 1896-1902.. 6
Operations, etc., 1896-1902 6
Pocahontas Coal & Coke Co. 3
Pocahontas Coal Land Mtge. 11
Rolling Stock 4
Securities in Treasury 10
Subsidiary Cos., Statem'ts of. 13
Supp. Inc. Acct.. May 31, 1903 5a
Trackage, Particulars of la
POOR'S MANUAL OF RAILROADS NORFOLK AND WESTERN RY. CO. 233
1. Mileage Operated, June 30, 1902 (owned, 1,681.49 miles).
H Line: Lambert's Point, Norfolk, Va., to Columbus, 0 703.76 miles.
Branches and Spurs 66.06 "
Durham Division: Lynchburg, Va., to Durham, N. C 115.43
Brandies and Spurs 3.48 "
tihenandoah Dirision : Hagerstown, Md., to Roanoke, Va 238.11 "
Branches and Spurs 11.96 "
Winston-Salem Division: Roanoke, Va., to Winston-Salem, N. C 121.30 "
Branch at Roanoke, Va 0.20 "
Virginia and Ohio Line: Bradford Junction, Va., to Bristol, Tenn 110.75 "
Branches and Spurs 12.59
Xorth Carolina Division: North Carolina Junction to Fries, Va 43.49
Branches and Spurs 35.57
Clinch Valley Division : Graham to Norton, Va 100.40
Branches and Spurs 12.47
Cincinnati Division: Portsmouth Jc. to Cincinnati and Ivorydale, 0 105.92
LEASED: Columbus Connecting and Terminal RR.: In Columbus, 0 3.51
Total length of lines operated, June 30, 1902 1,685.00 miles.
2d track, 104.68 m.; sidings (owned, 528.18 m.; leased, 7.51 m.), 533.69 miles. Gauge,
4 ft. 9 in. Rail (steel — owned, 2,295.86 m.; leased, 11.02 m. — total, 2,306.88 miles), 50
to 85 Ibs.
1»« Trackage Rights. — The company uses the track of the Richmond and Peters-
burg RR. to gain entrance into Richmond, and leases to the Norfolk and Southern RR.
Co. trackage and terminal facilities at Norfolk.
2. History.— Reorganization, Sept. 24, 1896, of the N. & W. RR. Co. (see
MANUAL for 1898, page 591). The Belt RR. of Durham, N. C., 2.18 miles, was purchased
on Oct. 16, 1899, and the entire capital stock of the Cincinnati, Portsmouth and Vir-
ginia RR. Co. on Jan. 22, 1901. The bonded debt of the Cincinnati, Portsmouth and
Virginia RR. Co., including that of the former Cincinnati Connecting Belt RR. Co., was
paid off on July 1, 1901, and the property of the company was deeded to the Norfolk and
Western Ry. Co. on Oct. 11, 1901. The ownership of the Hillsboro Branch (see
MANUAL for 1901, page 357) was acquired at the same time, but that line was not taken
over for operation until July 1, 1902. The operation of the Cincinnati, Portsmouth and
Virginia RR. and Cincinnati Connecting Belt RR. was assumed as of July 1, 1901. There
has been no formal merger, however, the separate organization of the Cincinnati, Ports-
mouth and Virginia RR. Co. still being maintained (see statement in Sec. 13).
Tug Fork Branch. — The construction of this branch, about 10 miles in length, was
undertaken during the year ending June 30, 1902, and on it will be located the coal and
coke operations of the United States Coal and Coke Co. At the close of the year the
branch was nearly completed and the United States Co. had large forces at work opening
mines and constructing ovens.
laeger and Southern Ry. Co. — At the time of the acquisition of its interests in the
Pocahontas Coal Field, the company also acquired the control of the property and fran-
chises of the laeger and Southern Ry. Co. and of the South West Virginia RR. Co., lines
projected to penetrate the western portion of the Pocahontas Coal Field, and of which
about 6 miles were completed and in operation, and some 4 miles additional graded. The
line of railway as now projected forms a junction with the main line at lacger Station,
and extends thence, mostly through the Pocahontas Coal Field, to a connection with the
company's line near the southern limit of the Pocahontas Field, the distance being
about 50 miles. Upon and tributary to this line are about 27,000 acres of coal land
owned by the Berwind-White Coal Mining Co., of Philadelphia, an equal area owned by
the Farraday Coal and Coke Co., of Pittsburgh, and about 32,000 acres of the lands be-
longing to the Pocahontas Coal and Coke Co., leased to the United States Coal and Coke
Co. Surveys and negotiations preparatory to the construction of this feeder were in
progress at the date of the annual report.
234 POOR'S MANUAL OP RAILUOADM — SOUTH ATLANTIC GROUP.
Kenova and Big Sandy RR. and Naugatuck Branch. — The industrial developments on
the company's line, and especially in the Pocahontas Coal Field, render it essential that
increased facilities be provided. To meet the growth of the western traffic numerous long
double passing sidings are being constructed between Vivian and Naugatuck, a distance of
93 miles, the alignment being improved by reducing curvature, and eventually these long
sidings will be connected and form a second track. Between Naugatuck and Kenova the
distance by the present line is 83 miles, included in which are some 15 miles of grade
against the traffic. Instead of building a second track along the present line it has been
decided to construct a new single-track line following the waters of the Big Sandy River
from Naugatuck to Kenova, the distance by this line being about 60 miles. About 35
miles will be constructed as the Naugatuck Branch of this company's Ohio Extension and
the remainder will be constructed under the charter of the Kenova and Big Sandy RR. Co.
This new line will be used for the heavy west-bound traffic, the lighter east-bound traffic
and empty cars using the old line. With this new line completed the company will have a
line from the Pocahontas, Tug River, and Thacker Coal Fields to Portsmouth, 0., a dis-
tance of about 230 miles, without adverse grades. From Portsmouth to Columbus, 0., a
distance of 100 miles, there will be no grades against the traffic exceeding 26 feet to the
mile when the improvements to that portion of the line now in progress are completed.
Radford Southern RR. — This railroad, projected to connect with the Norfolk and
Western Ry. at Radford and to extend in a southerly direction to limestone quarries and
ore mines on the New and Little Rivers, has been graded and prepared for the rails for a
distance of about 5 miles. Its control has been acquired by the Norfolk and Western
Ry. Co.
Proposed Consolidations. — The stockholders of the Norfolk and Western Ry. Co., at
the annual meeting held on the 9th of Oct., 1902, authorized the acquisition, by pur-
chase or consolidation, of the property and franchises of the laeger and Southern Ry. Co.,
the Southwest Virginia RR. Co. and the Kenova and Big Sandy RR. Co., and also ap-
proved the location and construction of the Naugatuck Branch. None of the properties
thus authorized to be acquired are covered by any existing mortgage.
3. Pocahontas Coal and Coke Co.— The Norfolk and Western Ry. Co. owns the
entire capital stock of the Pocahontas Coal and Coke Co. (except qualifying shares owned
by directors), owner of an extensive area of coal and other lands in West Virginia, and of
mineral rights, leases, royalties and other property. This property has been made the
basis of a joint and several mortgage executed by the Pocahontas Coal and Coke Co. and
the Norfolk and Western Ry. Co. in favor of the Girard Trust Co., Philadelphia, Pa., as
trustee, to secure an issue of purchase money first mortgage bonds to the amount of $20,-
000,000 (see Sec. 13).
4. Rolling Stock, June 30, 1902. — Locomotives, 502. Revenue cars — passenger,
152; combination, 17; baggage, mail, and express, 71; freight (box, 6,903; flat, 483; stock,
1,306; poultry, 15; coal, 11,513; charcoal, 4; coke, 785), 21,009— total, 21,249. Also 529
service cars and 7 harbor barges.
5. General Income Account, year ending June 30, 1902.
Earning! —Passenger $2,379,476 83
Freight 14,594,280 59
Mail and Express 438,86852
Miscellaneous 139,580 04
Total ($10.466.43 per mile) $17,552.204
Expenses— Malnt. Way and Struct $2,131,048 35
Maintenance of Equipment. 2,334,585 92
Conducting Transportation. 4,853,109 20
General Expenses 364,76863
Total ($5.774.31 per mile) $9,683,51210
Net earnings (44.83 p. c.), $7,868,692.88; add interest and dividends, $74,894.45—
total, $7,943,587.33. Deductions: Taxes, $452,715.39; interest on funded debt, $2,352,-
402.23; interest on car trust obligations, $5,375; rental of equipment, $10,000; dividends
on adjustment preferred shares (Aug. 23, 1901, and Feb. 21, 1902, 2 p. c. each), $910,014;
dividends on common shares (Dec. 19, 1901, and June 20, 1901, 1 p. c. each), $1,289,384;
betterment fund, $2,500,000; discount on bonds, donations, advances, etc., $80,391.74; pay-
POOR'S MANUAL NORFOLK AND WESTERN RY. CO.
235
1903
1902 . ..
Pass. Dept.
$
3,030,807.20
2 570 917 15
Freight Dept.
$
16,161.309.84
13,606,551.06
Total.
$
19.192,117.04
16.177.468.21
Increase .
459,890.05
2,554,758.78
3.014.648.83
raent to Pocahontas Coal Co. on account of deficiency of interest on joint bonds, $161,-
229.89 — total, $7,761,512.25. Balance, surplus, $182,075.08; surplus to June 30, 1901,
$2,633,471.12— total, $2,815,546.20.
5a. Supplementary Income Account, for 11 months ending May 31, 1903, and
comparison with 11 months ending May 31, 1902:
Gross Earnings. Expenses
and Net First Balance,
Taxes. Earnings. Charges. Surplus.
IS $ $
11.585.105.13 7,607,011.91 2.349,313.05 5,257.698.86
9,312,314.45 6,865,153.76 2.150,276.41 4.708,877.35
2.272,790.68 741,858.15 193.036.64 548.821.51
5fo. Equipment Leased from Virginia Co. — On March 1, 1902, the company
leased from the Virginia Co., for ten years from that date, 53 locomotives, 25 passenger
coaches, 6 baggage, mail and express cars, and 5,000 freight cars (3,500 gondola, 1,000 box,
and 500 flat), deliveries of such equipment to begin in July, 1902. Upon the execution
and delivery of the lease the Norfolk and Western Ry. Co. paid to the Virginia Co. the
sum of $1,500,000, and will pay further, on each 31st of August, from 1905 to 1911, in-
clusive, the sum of $500,000, making a total principal sum of $5,000,000; interest to be
paid on the deferred amounts (aggregating $3,500,000) at the rate of 4 p. c. per annum
from the date of the lease. Upon the completion of these payments the equipment will
become the property of the Norfolk and Western Ry. Co.
6. Statement of operations, etc., for seven fiscal periods.
1896
June 30.
1897
June 30
9 months.
1898
June 30.
1899
June 30.
1900
June 30.
1901
June 30.
1902
June 30.
Miles Road Owned
1,327.66
1,775.55
1,708.63
424
145
91
16,379
1.570.35
2,344,568
7,962,599
1.567.76
2,052.22
2,001.59
413
146
90
16,048
1,512.10
1,548,316
4,541,744
1,557.08
2,062.43
2,033.88
416
146
87
17,383
1,557.08
2,111,989
6,483,290
1,547.14
2,054.61
2,030.61
437
146
86
17,207
1,555.70
2,068,561
6,392,973
1,551.14
2,101.12
2,079.69
444
146
84
18,656
1,552.00
2,017,465
6,281,258
1,563.09
2.136.96
2,117.77
471
146
87
19,686
1,600.00
2,371,545
6,403,115
1,681.49
2,312.35
2,295.86
502
152
88
21,009
1,677.00
2,442,552
6,625,432
Miles Track Owned
Miles of Steel R. Owned.
Locomotives.
Cars — Passenger
Baggage, Mail, etc
Miles Road Operated (av.) . . .
Passenger Train Miles. . .
Freight Train Miles
Total Revenue Miles
10,307.167
1,905,231
68,165,706
7,579,219
1,989,355,223
10,908.859
8.226,287
6,090,060
1,080,017
36,500,293
5,269,796
1,477,485,975
$
7,732,159
5,628,035
8,595,279
1,684,851
66,797,454
8,276,948
2,301,312,744
$
11,°36.123
7,886,099
8,461,534
1,808,050
71,393,008
8,836,739
2,456,096,895
$
11,827,140
7,939,103
8,298,723
2,117,184
79,816,485
10,783,221
2,732,536,626
14,091,005
8,501,096
8,774.660
2,394,445
89,787,184
11,344,064
2.897,194,460
16,179,069
9,785,757
9,067,984
2,630,615
101,275,087
12,268,100
3,151,911,924
$
17,552,205
10,138,227
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Expenses and Taxes
Net Earnings
2.682,572
34,656
2,104,124
16,182
3,350,024
32,963
3,888,037
23,364
5,589.909
73,562
6,393,312
68,617
7,415.978
74,894
Other Receipts
Net Income
2,717,228
3,102,603
2,120,306
1,645,147
3.382,987
2,239.434
(2) 454,198
3,911,401
2,241,714
(4) 909.588
5,663,471
2,273,639
(4) 909,748
6,461,929
2,268,051
(4) 909,924
(1) 644,692
1,051
+ 2,638,211
9,746 42
5.89503
3,851 39
60.48 p.c.
2.377 c.
0.466 c.
7,490,872
2,367,777
(4) 910,014
(2) 1.289,384
Fixed Charges
Preferred Dividends
Common Dividends
599,266
—984,641
6.946 77
5.23850
1.70827
75.41 p.c.
2.276 c.
0.447 c.
is.sii
+ 459,848
5,11352
3,72200
1,391 52
72.79 p.c.
2.472c.
0.441 c.
4,605
+ 684,750
7,17963
5,039 04
2,14059
70.18 p.c.
2.197 c.
0.404 c.
7,444
+ 752,655
7,60246
4,874 49
2,727 97
67.13 p.c.
2.253 c.
0.397 c.
1,520
+ 2,478,564
9,07926
5,22756
3,851 70
60.33 p.c.
2.327c.
0.430c.
Balance ( -(- or — )
+ 2,923,697
10,466 43
6,044 26
4,422 17
57.75 p.c.
2.350 c.
0.463 c.
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Milt
Expenses to Earnings
Earnings per Passenger per Mile
Earnings per Ton per Mile. ...
NOTE. — For purposes of comparison the results from the operation of the Cincinnati, Ports-
mouth and Virginia RR. are included in the preceding statement for the year ending June 30, 1901,
as well as for the year ending June 30, 1902.
7. Capital Stock. — Preferred stock has priority over common stock for dividends up to 4
P- c. per annum, non-cumulative, out of surplus net profits ; and in case of liquidation or distribu-
tion of the capital, the holders of preferred stock are entitled to receive the par amount of their
236
POOR'S MANDAI, OF RAILROADS — SOUTH ATLANTIC GROUP.
shares out of the company's assets before any payment can be made on the common stock. All
•bares, whether common or preferred, have equal voting power. It is provided that no additional
mortgages nhall be placed upon the property, nor the amount of the preferred stock be increased or
decreased, without the consent of the holders of two-thirds of the outstanding preferred stock, given
at a meeting called for that purpose, and the consent of a majority of such part of the common
as shall be represented at the meeting, the holders of each class of stock voting separately.
8. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $140,468,16353
Cost of Cln., Portsm. & Va. RR 2,120,427 66
Equipment Trust. March 1, 1902 1,500,00000
Co.'s Securities in Treas'y (Sec. 10) . 1,797,750 00
Investments In Other Companies 1,494.98500
Accounts Receivable 969,065 12
Insurance Paid In Advance 12,921 25
Materials and Supplies 1,262,63215
Advances to Poo. Coal & Coke Co 170,908 41
Cash 1.412,09599
Total Assets $151,208,949 11
Capital Stock — Pref. (see Sec. 7) $23,000,000 00
Capital Stock — Common 66.000,000,00
Funded Debt (see Sec. 9) 53,099,50000
Equipment Liens, N. & W. RR. Co. . 72,000 00
Interest on Funded Debt, Accrued.. 634,794 83
Taxes Accrued 198,65717
Accounts Payable 1,530,314 04
Betterment Fund 3,410,28182
Reserve Funds 447,855 H5
Profit and Loss 2,815,546 20
Total Liabilities $151,208,949 11
9. Funded Debt. — The funded debt as per general balance sheet includes $19,750 of 1st con-
sol, mtge. bonds held In the treasury of the company, the funded debt actually outstanding on June
30. 1902, amounting to $53,079,750, as follows :
$6,000 Old past-due Bonds.
7,283,000 N. & W. RR. gen. gold 6s of May 1, 1931.
2.000.000 New Riv. Div. 1st gold 6s of April 1, 1932.
5,000,000 Improvem't & ext. gold 6s of Feb. 1, 1934.
$5,000,000 S. V. & N. E. 1st gold 4s of Nov. 1, 1989.
600,000 C. C. & T. RR. 1st gold 5s of Jan. 1, 1922.
30,653,750 1st consol. coupon 4s of Oct. 1, 19%.
2,557,000 1st consol. reg'd 4s of Oct. 1, 19%.
Old Past-due Bonds. — These consist of a $1,000 consol. mtge. 3d preference bond of the South-
side RR. Co., matured Jan. 1, 1896, and five $1,000 enlarged mtge. bonds of the Virginia and
Tennessee RR. Co., matured June 30, 1884.
General Mtge. Bonds, N. A W. RR. — Secured on the main line, Norfolk, Va., to Bristol, Tenn.,
408.38 miles, and on the City Point and Saltville Branches, 19.33 miles, a total of 427.71 miles.
Average per mile, $17,028.
New River Division Bonds. — These are a first lien on the New River Division, from Radford to
Kyle, W. Va., 85.22 m. ; branches to coal mines, 26.69 in. ; the Cripple Creek Extension, 30.40 m. ;
and branches to ore mines, 23.08 m., aggregating $165.39 m. ; and upon all other branches and ex-
tensions hereafter constructed under the privileges derived from the companies consolidated to
form the New River Division; all of such branches or extensions come under the lien of the same
mortgage without increasing the present issue of bonds. The bonds (limited to $2,000,000) repre-
sent a first lien at the rate of $12,093 per mile.
Improvement and Extension Bonds. — By agreement with the trustee the maximum amount of
these bonds which can be issued is $5,000,000. The bonds are a lien upon the main line and upon
the City Point and Saltville Branches, subject to the lien of the general mortgage. They are a
second lien upon the New River Division and the Flat Top and Cripple Creek Extensions thereof.
(See MANUAL for 1891, page 810.)
Scioto Valley and New England RR. Bonds. — These are a first lien upon the line, from Columbus
to Coal Grove, O., 128.6 miles. Under supplemental mortgage of July 22, 1890, the maximum
amount of these bonds which may be issued is $5,000,000.
Columbus Connecting and Terminal RR. Bonds. — These are a first lien upon the Columbus
terminals, Including real estate in Columbus, O., costing $568,304, and on 3.51 miles of railroad.
They have been assumed by the Norfolk and Western Ry. Co.
First Consol. Mtge. Bonds. — Secured by first mortgage on 845.91 miles of railroad, as follows :
Norfolk Terminal Division, 6.3 m. ; Clinch Valley Division, 112.87 m. ; Lynchburg and Durham
Division, 117.58 m. ; Roanoke and Southern Division, 121.5 m. ; Maryland and Washington Divi-
sion. 250.07 m. ; Ohio Extension, 212.01 m. ; and North Carolina Extension, 25.58 m. They
are also a first Hen on the terminals at Lambert's Point, Va., and on the shops at Roanoke, Va., and
are further secured by pledge of the capital stock of the Columbus Connecting and Terminal RR.
Co.. of $3,499,200 of old divisional lien bonds and of $7,091,929.90 equipment obligations of the
Norfolk and Western RR. Co. They are also a Hen upon the railroad property of every nature, and
upon the franchises of the company, but subject to the lien of previous mortgages ; and they will be
a lien on any property hereafter acquired by issue of the bonds reserved for improvements and addi-
tions. The authorized issue is $62,500,000, of which a total of $33,210,500 was issued prior to
June 30, 1902, that amount including $19,750 in the company's treasury. The remainder is re-
served for the following purposes: $22,098,889 to acquire or redeem $19,889,000 of outstanding
underlying bonds; $3,500,000 to purchase or pay car trust obligations and other charges upon the
property, to create a reserve fund for special Improvements, and to provide for other necessary pur-
poses; and $3,690,611 for new construction and acquisitions and for betterments and improvements,
such bonds to be Issued under carefully guarded restrictions at an average rate not exceeding $1,-
KKJ.OOO per annum. It was provided in the mortgage that a prior lien mortgage might be created
to secure not exceeding $3,500,000 of prior Hen bonds for use instead of the $3,500,000 1st consol.
mtge. bonds reserved as above ; but under a supplemental deed dated Feb. 27, 1901, the company
waives the right to Issue such prior lien bonds. It is provided in the mortgage that the amount of
the outstanding underlying bonds cannot be increased, but that such bonds may be extended at a
rate of Interest not In excess of that now payable on them.
letween June 30, 1902, and June 30, 1903, the amount of 1st consol. mtge. bonds issued,
*^*at the New York 8tock Exchange, was increased to $36,210,500. Against the several
these bonds are set the following outlays : For purposes of incorporation, $23.322.500 ;
rernent of prior issues, $3.888,000; retirement of car trust obligations, N. & W. RR., $718,-
; equipment, $3,688.623.99; real estate, $14,729.11; second track, $1,456,108.36 ; yards,
jrmlnalR. $1,557.517.19; improvements and additions to roadway and tracks; $459-
202.80; replacing and strengthening bridges, $519,578.63; office, station and shop buildings,
POOR'S MANUAL — NORFOLK AND WESTERN RY. CO.
237
$496,080.28 ; branches and extensions, $915,994.12 — total, $37,036,533.62. This leaves a bal-
ance of $826,033.62 of expenditures for which no bonds have been issued.
10. Company's Securities in Treasury. — Adjustment preferred stock, $247,200; com-
mon stock, $1,530,800 ; 1st consol. mtge. bonds, $19,750 — total, $1,797,750.
11. Pocahontas Coal Land Purchase Money First Mortgage. — The Pocahontas
Coal & Coke Co. and the Norfolk and Western Ry. Co. executed a joint and several mortgage cover-
ing the property of the former (see Sec. 3) to secure an issue of 1st mtge. 4 p. c. 40-yr. gold bonds
to the amount of $20,000,000 ; but as between the two companies this debt is to be paid by the Coal
and Coke Co. and appears on its balance sheet. As further security for the bonds the Pocahontas
Coal and Coke Co. has deposited under the mortgage 900 shares of $1,000 each of the Trans-Flat-
Top Land Association, 29,995 shares of common stock and 2,300 shares of preferred stock of the
Pocahontas Fuel Co., 2,495 shares of the stock of the Pocahontas Coal Land Co., and 5 shares of the
stock of the Philadelphia Coal Land Co. The bonds are redeemable as a whole or in part at 105
p. c. and accrued interest on any interest day after two months' notice. There is provision for a
sinking fund of 21 cents per ton of coal mined in each year commencing April 1, 1906, to be applied
to the purchase of bonds at not exceeding 105 p. c. and accrued interest, drawings to be made If
bonds are not voluntarily presented for redemption.
12. Comparative statement of general balances for six years, 1897 to 1902:
_ . .
Capital
Stock.
Funded
Debt.
Other
Liabilities.
Profit and
LOBS.
Total
Liabilities.
Equip-
ment.
Invest-
ments.
Materials,
Etc.
Other
Assets.
Total
Assets.
$
$
$
8
$
$
$
$
$
s
1897..
1898..
89,000,000
89,000,000
46,710,700
46,710,700
2,258,364
2,409,278
459,848
1,144,599
138,428,912
139,264,5771
132,803,148
134,345,055
2,649,204
2,555,252
570,896
730,401
2,405,654
1,633.869
138,428,912
139,264,577
1899..
89,000,000
48,711,800
2,674,647
1,303,502
141,689,949
134,637,656
3,042,403' 695,054
3,314,836
141.689,949
1900..
89,000,000
49,099,500
4,177,849
1,811,441
144,088,790
136,695,017
3,045,202
1,382,782
2,965,789
144,088,790
1901..
89,000,000
51,099,500
5,138,290
2,633,471
147,871,261
138,984,600
5,116,832
1,058,088
2,711,741
147,871,261
1902..
89,000,000
53,099,500
6,293,903
2,815,546
151,208,949
140,468,164
6,913,163
1,262,632
2,564,990
151,208,949
13. SUBSIDIARY CORPORATIONS OF THE NORFOLK AND WESTERN RY. Co.
CINCINNATI, PORTSMOUTH AND VIR-
GINIA RR — Idlewild to Sciotoville, O., 108 m. ;
Idlewild to Ivorydale, O.,' 3.79 m. ; Sardinia to
Hillsboro, O., 19 m. — total, 130.79 m. ; total track
(steel; 56 Ibs.), 150 miles. Trackage: C., L. &
N. Ry., Cincinnati to Idlewild, O., 3.6 miles.
HISTORY. — Reorganization June 24, 1891, of
the Ohio and Northwestern RR. Co. (see MANUAJ,
for 1891, page 407). The Hillsboro Branch was
acquired in 1900 by merger of the Columbus and
Maysville Ry. Co., and the branch to Ivorydale,
on April 9, 1901, by merger of the Cincinnati
Connecting Belt Ry. Co. The funded debt of the
Cincinnati, Portsmouth and Virginia RR. Co.,
and the funded debt of the Cincinnati Con-
necting Belt Ry. Co. were retired on July
1, 1901, the Norfolk and Western Ry. Co.,
which had previously acquired the entire capital
stock of this company, supplying the means for
their redemption. Under date of Oct. 11, 1901, the
property of the company was deeded to the Nor-
folk and Western Ry. Co., but the separate or-
ganization of this company is still maintained.
The main line and the Ivorydale Branch have
been operated as a division of the Norfolk and
Western Ry. since Oct. 1, 1901 ; the operation of
the Hillsboro Branch was not assumed by the
N. & W. Ry. Co. until July 1, 1902.
FINANCIAL STATEMENT. — Capital stock
(common, $1,566,000; preferred, $594,000), $2,160,-
000. The Norfolk and Western Ry. Co. owns all
of this stock, except the shares necessary to
qualify directors.
CORPORATE OFFICERS. — Henry Fink, Pres.,
New York, N. Y. ; Thomas Hunt, Sec., Cincinnati,
O. ; Wm. G. Macdowell, Treas., Philadelphia, Pa.
Office, Roanoke, Va.
COLl'MBUS CONNECTING AND TER-
MINAl, RR. — At Columbus, O., 3.51 miles.
HISTORY. — Chartered in 1892 in the interest
of the N. & W. RR. Co., to which It is leased.
Put in operation July 1, 1893. The property is
used jointly with the N. & W. Ry. Co. the Ctolum-
bus, Sandusky -and Hocking RR. Co. and the
Cleveland, Akron and Columbus RR. Co.
FINANCIAL STATEMENT. — Capital stock
($600,600 auth.), $390,176; funded debt (see bond
statement, N. & W. Ry. Co.), $600,000 — total,
$990,176. Contra : Cost of road, etc., $990,161.
The capital stock is owned by the N. & W. Ry.
Co. and is pledged under that company's 1st con-
sol. mtge.
CORPORATE OFFICERS.— F. J. Kimball,
Pres. ; A. J. Hemphill, Sec. ; W. G. Macdowell,
Treas., Philadelphia, Pa.
POCAHONTAS COAL, AND COKE CO
This company is the owner of lands and interests
in lands in Montgomery, Giles, Pulaski, Tazewell,
and Buchanan Counties, Virginia, and in Mercer,
McDowell, Wyoming, Raleigh, Boone, Logan, and
Monroe Counties, West Virginia, aggregating
about 295,000 acres, and comprising about four-
fifths of what is known as the Pocahontas Flat-
top Coal Field. The Norfolk and Western Ry.
Co. is the owner of all the shares of capital stock
of this company, except qualifying shares held
by the directors. The company was incorporated
under the laws of New Jersey by certificate filed
Oct. 11, 1901, and amended Dec. 31, 1901. The
company does not engage directly or indirectly
in the buying or selling of coal or coke, its prin-
cipal purpose being to make leases on royalties
to operating companies. On leases now made the
royalties are 10 cents per ton on coal and 15 cents
per ton on coke. The number of acres of land
leased from the company are as follows : Poca-
hontas Collieries Co., 8,348.61; Mill Creek Coal
and Coke Co., 2,139.73; Illinois Steel Co., 50,000;
other companies, 29,426.31.
BAtANCE SHEET, June 30, 1902.— Capital
stock (common, $900,000; preferred, $100,000), $1,-
000,000; funded debt (see Norfolk and Western
statement, Sec. 11), $20,000,000; bills payable,
$890 ; accrued interest on bonds, $5,506 ; vouchers
and accounts payable, $6,490 ; interest on funded
debt accrued but unpaid, $86,587 ; bond interest,
loan account (N. & W. Ry. Co., $161,230; Penn-
sylvania Lines, $80,615), $241,845; N. &. W. Ry.
Co., cash advances for additional real estate,
$170,908 — total, $21,512,226. Contra: Real estate
(coal lands, $20,967,978; additional real estate
purchased, $175,400), $21,143,379; investments, $51,-
848 ; cash and current assets, $121,294 ; profit and
loss, $195,705 — total, $21,512,226.
CAPITAL STOCK. — Under the amended certifi-
cate of incorporation filed Dec. 31, 1901, the $1,-
238
POOR B MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
000.000 capital stock was divided Into common
and preferred stock as above, but by a later
amendment It wax made all common stock.
CORPORATE OFFICERS. — F. J. Kimball,
Pres. ; M. J. Caples. Treas. ; O. Lynn Bottomley,
Sec., Philadelphia, Pa.
POCAHONTAS COAL. CO — From Jan. 1,
1886, until April 1, 1895, this company acted as
Tiling agent for the coal produced upon the lines
of the Norfolk and Western RR., and Its earn-
ings were currently included in the earnings of
the railroad company and paid over to it. On
April 1, 1896, the Pocahontas Coal Co. withdrew
from the selling of coal, and since then the
operations of that company have been confined
to the management of Its wharves, lighters, and
other property. At the same time the capital
stock was reduced from $200,000 to $60,000, and
afterwards to $1,000.
CORPORATE OFFICERS. — L. E. Johnson,
Pres., Roanoke, Va. ; A. J. Hemphill, Sec. ; W. G.
Macdowell. Treas., Philadelphia, Pa. Office,
P.oanoke, Va.
VIRGINIA CO — Incorporated March 6, 1882,
as the Iron Belt Land, Mining and Development
Co. of Virginia ; charter amended changing name
to Virginia Co., March 5, 1888. Under its charter
this company has acquired and holds real estate
at important points on the line of the N. & W.
Ry. Co. The latter owns $99,300 of the capital
stock.
BALANCE SHEET, June 30, 1902. — Capital
stock, $100,000 ; equipment contracts for N. & W.
Ry. Co. equipment trust, $5,000,478 ; taxes accrued,
$1,170 ; accounts payable, $3,655 ; surplus income,
$143,494 — total, $5,248,797. Contra: Real estate,
houses, etc., $246,160 ; prepaid insurance, $359 ;
accounts receivable and assets, $1,800; N. & W.
Ry. Co. account of discount on equipment trust
certificates, $41,902 ; N. & W. Ry. Co. equipment
trust certificates undelivered, $1,500.000 ; cash In
hands of trustee N. & W. Ry. Co. equipment
trust, $3,458,576 — total, $5,248,797.
CORPORATE OFFICERS. — F. J. Kimball,
Pres. ; Wm. G. Macdowell, Treas. ; A. J. Hemp-
hill, Sec., Philadelphia, Pa. Office, Roanoke, Va.
F. J. Kimball. .Philadelphia, Pa.
Henry Fink New York, N. Y.
N.P.Shortridge. Philadelphia, Pa.
W. H. Barnes. Phtladelphia.Pa.
James MeCrea. .Pittsburgh, Pa.
John P.Green Philadelphia, Pa.
14. Board of Directors, Norfolk and Western Ry. Co., elected October 9, 1902.
F. J. KIMBALL, Chairman of the Board New York, N. Y.
Jos. I. Doran . Philadelphia, Pa.
V. Morawetz..New York, N. Y.
Walter H. Taylor. .Norfolk, Va.
S. M. Prevost Philadelphia, Pa. | Samuel Rea Philadelphia, Pa.
HENRY FINK, President Philadelphia, Pa.
L. E. Johnson, V ice-President and General Manager Roanoke, Va.
Comptroller — M. C. Jameson Roanoke, Va. I Sec. dAsst. Treas. — A. .I.Hemphill. Philadelphia, Pa.
Treat, rf Asst. Sec. — Wm.G.Macdowell.Phila.,Pa. | Gen. Auditor — Joseph W. Coxe Roanoke, Va.
PRINCIPAL OFFICE AND ADDRESS Roanoke, Va.
Philadelphia Office Arcade Building.
New York Office 40 Exchange Place.
RICHMOND-WASHINGTON COMPANY.
History. — Incorporated under New Jersey laws, Sept. 5, 1901. The purposes
for which the company was formed are stated in full in the MANUAL for 1902, on page
1167. Through the ownership of a majority of the voting capital stock of the Richmond,
Fredericksburg and Potomac RR. and of the entire capital stock of the Washington South-
ern Ry., the company controls a "union line" between Washington, D. C., and Richmond,
Va., in the joint interest of the Pennsylvania RR. Co., Baltimore and Ohio RR. Co., At-
lantic Coast Line RR. Co., Southern Ry. Co., Seaboard Air Line Ry. and Chesapeake and
Ohio Ry. Co. Operations were begun on November 1, 1901.
General Balance Sheet, March 25, 1902.— Capital stock paid in ($3,000,000 auth.,
$100 shares), $2,670,000; profit and loss, $20,262 — total, $2,690,262. Contra: Securities
of other companies, $2,657,600; cash on hand, $32,578; current assets, $84 — total, $2,-
690,262.
Directors (elected Feb. 16, 1903).— Samuel Rea, W. B. Schofield, Philadelphia, Pa.;
L. F. Loree, Baltimore, Md.; John Skelton Williams, George W. Stevens, Richmond, Va.;
H. Walters, Wilmington, N. C. ; Samuel Spencer, New York, N. Y.
SAMUEL REA, President Philadelphia, Pa.
Secretary — Robert H. Groft New York, N. Y. | Treasurer — Robert W. Smith.... Philadelphia, Pa,
GENERAL OFFICE 26 Exchange Place, Jersey City, N. J.
AND
RICHMOND -WASHINGTON LINE.— RICHMOND, FREDERICKSBURG
POTOMAC RAILROAD COMPANY.
1. History.— Chartered June 20, 1834; road opened throughout in 1871 (see
MANUAL for 1894, page 160). The Byrd Street depot at Richmond is owned jointly by
POOR S MANUAL RICHMOND-WASHINGTON CO.
239
this company and the Atlantic Coast Line RR. Co. This company is controlled by the
Richmond- Washington Co., in the joint interest of the Atlantic Coast Line RR. Co., Balti-
more and Ohio RR. Co., Chesapeake and Ohio Ry. Co., Pennsylvania RR. Co., Seaboard Air
Line Ry., and Southern Ry. Co. It is operated in connection with the Washington South-
ern Ry., as part of a union line between Washington and Richmond.
2. Main Line of Road.— Elba, Richmond, Va., to Quantico, Va.... 78.75 miles.
James River Branch: Acca, Va., to James River 3.34
( Potomac RR.: Quantico, Va., to Quantico Junction 1.70 "
1 D., F. & P. & R. d P. C. RR.: In Richmond, Va 1.25 "
Total length of lines operated, June 30, 1902 85.04 miles.
Sidings, etc., 34.11 miles. Gauge, 4 ft. %l/2 in. Rail (steel), 67 and 75 Ibs.
3. Rolling Stock, June 30, 1902. — Locomotives, 39. Cars — passenger, 20; com-
bination, 6; baggage, mail, and express, 12; freight (box, 44; flat, 80; stock, 40), 164;
service cars, 33 — total, 235.
4. Operations year ending June 30, 1902. — Train mileage — passenger, 463,881;
freight, 417,088; other, 14,878 — total, 895,847 miles. Passengers carried, 409,718; carried
one mile, 18,538,606; average mile rate, 2.32 cents. Tons freight moved, 901,773; moved
one mile, 67,376,734; average ton-mile rate, 0.92 cent.
EARNINGS.
1900-01 1901-02
Passenger $389,236 90 $430,678 95
Freight 573,83317 617,10835
Mail and Express 103,79489 112,38148
Miscellaneous 2,893 52 7,886 49
Totals $1,069,758 48
Averages per Mile 12,579 47
$1,168,05527
13,735 36
EXPBNSEB.
1900-01 1901-02
Maintenance Way <fe Structures . . $96,682 85 $114,957 54
Maintenance of Equipment 136,296 46 112,541 35
Conducting Transportation 430,878 74 464,844 32
General Expenses 31,254 64 34,228 61
Totals $695,11269 $726,57182
Averages per Mile 8, 173 95 8,543 88
Net earnings, 1901-02 (37.79 p. c.), $441,483.45; other receipts, $16,105.47— total,
$457,588.92. Payments: Interest on funded debt, $31,175.49; dividends on stock and on
dividend obligations (8 p. c.), $231,144 — total, $262,319.49. Surplus. $195,269.43; surplus
to June 30, 1901, $402,617.22; profit on tale of securities owned, $11,751.69 — total, $609,-
838.34. Deduct loss in conversion and redemption of sterling bonds, $5,025.90. Surplus,
June 30, 1902, $604,612.44.
5 Capital stock, bonded debt, gross and net revenue, etc., for eight fiscal years :
Years.
Capital
Stock.
$
Bonded
Debt.
$
1895 1,677,800 1,109,102
1896 1,677,800 1,081,033
1897 1,678.800 1,081,033
1898 1,684,500 1,075,832
1899 1,766,000 981,115
1900. 1,766,000 972,029
1901 1,816,000 916,829
1902 1,816,000 500,000
Cost RR. A
Investm'ts.
$
4,685,130
3,710,751
3,710,944
3,698,990
3,656,981
3,881,329
3,971,908
3,926,425
RR.
Oper.
M.
85.04
85.04
85.04
85.04
85.04
85.04
85.04
85.04
Gross
Earn'gs.
710,590
739,368
680,760
770,725
898,260
993,252
1,069,758
1,168,055
Expenses
A Taxes.
$
467,739
496,700
447,310
468,679
572,202
572,050
695,113
726,572
Net
Earn'gs.
242,851
242,668
233,450
302,046
326,058
421,202
374,645
441,483
Interest
Paid.
$
58,969
56,865
56,695
56,453
53,227
49,790
48,776
31.175
Divid'ds
Paid.
$
192,021
192,570
181,317
192,757
195,843
224,538
228,520
231,144
Total
Paym't*.
*241,576
*241,977
*233,082
*241,013
*226,804
*336,108
*314,646
*246,214
Balance
Surplus.
$
1,276
691
369
61,033
99,254
85,094
59,999
195,269
Less other receipts.
6. General Balance Sheet, June 30, 1902.
Cost of Road and Property $3,722.13606
Railroad Bonds (at cost) 204,28854
Bills Receivable 272 BO
Current Assets 76,544 39
Cash on Hand 307,79994
Supply Account 72,392 87
Total Assets $4,383,43430
Common Stock ($100 shares) $1,316,90000
Guaranteed Stock ($100 shares) 500,40000
Dividend Obligations and Scrip 1,072,00000
Funded Debt Outstanding 600,00000
Current Liabilities 383,896 86
Interest Accrued, not yet Payable.... 5,62500
Profit and Loss 604,61244
Total Liabilities $4,383,43430
7. Guaranteed Stock and Dividend Obligations. — The guaranteed stock bears inter-
est— $481,100 at 7 p. c. and $19,300 at 6 p. c. The dividend obligations stand upon precisely the
same footing as common stock, except that they do not carry voting power ; they are entitled to
share pro rata in any dividends that may be declared.
8. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of consol. gold
41s of April 1, 1940. The authorized issue Is $2,000,000, the $1,600,000 unissued bonds being
reserved for extensions and improvements.
240
POOR'S MANUAL OF RAILROADS SOUTH ATLANTIC GROUP.
KAILBOAPS LEASED BY THE RICHMOND, FREDERICK SBURO AND POTOMAC RR. Co.
POTOMAC RAILROAD Quantico, Va., to
K . K. * P. June.. 1.70 miles. Rail (steel). 70 Ibs.
HISTORY.— Chartered April 21, 1887; road
opened May 1. 1872. Leased for 28 years, May 17,
1877, to the R., F. & P. RR. Co., at a rental of
Interest on the bonds.
FINANCIAL STATEMENT. — Capital stock
(1100 shares). $101,000: funded debt (in one
bond). $121,712 — total, $222,712. Contra: Cost of
road, $123,732 ; unpaid installments on stock, $98,-
980 — total, $222.712. The bond bears 6 p. c. In-
terest and is due May 17, 1905, or thereafter on
six months' notice.
CORPORATE OFFICERS. — Charles Chauncey,
Pres.. Philadelphia, Pa. ; J. B. Winston, Sec. &
Treas., Richmond, Va. Office, Richmond, Va.
RICHMOND, FRKDKRICKSBURG AND
POTOMAC AND RICHMOND AND
PETERSBURG CONNECTION RAILROAD.
— In Richmond, Va., 1.2S miles. Rail (steel),
70 Ibs.
HISTORY.— Chartered March 3. 1866; road
opened May 1, 1867. Operated by the R., F. & P.
RR. Co., under the terms of a lease made to that
company and the R. & P. RR. Co., jointly, on
Aug. 1, 1866, and supplemental agreement of
April 1, 1867, by which the lessees agree to pay as
rental a specific sum on passengers and freight
moved over this road, with a guaranty that such
rental shall equal 8 p. c. on the stock of this
company.
INCOME ACCOUNT (year ending June 30,
1902). — Rental, $18,083; other receipts, $1,149 — to-
tal, $19,232. Expenses and taxes, $1,102. Net in-
come, $18,130. Paid dividends, $16,000. Surplus,
$2,130; surplus forward, $26,569 — total, $28,699.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $200,000; profit and loss, $28,-
699 — total, $228,699. Contra: Cost of road, $140,-
740 ; other investments, $18,738 ; installments on
stock not called for, $60,000 ; due by R., F. & P.
RR., $9,221 — total, $228,699.
CORPORATE OFFICERS. — E. T. D. Myers,
Pres. ; J. B. Winston, Sec. & Treas., Richmond,
Va. Office, Richmond, Va.
1O. Board of Directors, R., F. d P. RR. Co., elected November 17, 1902.
Samuel Spencer New York, N. Y. I W. J. Leake Richmond, Va.
Oeo. W. Stevens Richmond, Va. | John Skelton Williams
State Director — J. T. Ellyson... .Richmond, Va.
E. T. D. MYEBS, President Richmond, Va.
Bee. d Treas. — J. B. Winston Richmond, Va. | Auditor — J. E. Cox Richmond, Va.
Gen. tlgr. — W. D. Duke Richmond, Va.
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
RICHMOND-WASHINGTON LINE.— WASHINGTON SOUTHERN RAILWAY
COMPANY.
•
1. Main Line of Road. — Quantico Jc., to south end Long B'dge, Va. . 32.27 miles.
BRAnrmv« J St. Asaph June, to Princess St., Alexandria, Va. 1.07 "
' \ St. Asaph June, to Duke St., Alexandria, Va 1.33 "
TRACKAGE: Bait, d Pot. RR.: Long Bridge, Va., to Washington, D. C 2.00 "
Total length of lines operated, June 30, 1902 36.67 miles.
Sidings, etc., 13.27 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 70 and 85 Ibs.
2. Operations, for eight months ending June 30, 1902. — Train mileage — passenger,
149,872; freight, 152,175; other, 11,542— total, 313,589 miles. Passengers carried, 189,640;
carried one mile, 5,638,277; average mile rate, 2.13 cents. Tons freight moved, 1,095,163;
carried one mile, 24,120,497: average ton-mile rate, 1.10 cents.
Expenses — Maintenance Way and. Struc. $69,639 39
Maintenance of Equipment. . 44,719 23
Conducting Transportation . . 220,837 68
General Expenses 8,28807
Total ($9,091.48 per mile) $333,38437
I»ral»g»— Passenger > $119,822 77
Freight 263,521 17
Mail and Express... 45,73960
Miscellaneous 2,49900
Total ( $11.769.36 per mile) $431,582 54
Net earnings (22.75 p. c.), $98,198.17; other receipts, $1,078.57— total, $99,276.74.
Payments: Interest on funded debt (for eight months), $23,333.33; taxes, $1,784.17; divi-
dend (3 p. c.), $30,000— total, $55,117.50. Surplus, $44,159.24; surplus forward, $94,-
694.99— total, $138,854.23.
3. History.— Consolidation, March 26, 1890, of the Alexandria and Fredericksburg
Ry. Co. and the Alexandria and Washington Ry. Co. (see MANUAL for 1890, page 344).
The road was operated by the Philadelphia, Wilmington and Baltimore RR. Co., for ten
years from Nov. 1, 1891, after which it was taken over by its own organization, to
be operated as part of a union line between Washington and Richmond.
outstanding on June 30, 1902, consisted of $1,000,000
POOR'S MANUAL OF RAILROADS. 241
5. General Balance Sheet, June 30, 1902.
Cost of Road and Property $2,095,81565
New Construction — -Second Track 1,96555
Richmond, Fredericksburg & Potomac
RR. Co. Current Account 46,90636
Total Assets $2,144,68756
Capital Stock ($50 shares) $1,000,00000
Funded Debt (see Sec. 4) 1,000,00000
Interest Accrued, not yet Payable 5,83333
Prottt and Loss 138,85423
Total Liabilities $2,144,68756
6. Directors (elected Nov. 17, 1902). — George W. Stevens, W. J. Leake, John
Skelton Williams, Richmond, Va. ; S. M. Prevost, Philadelphia, Pa.; Samuel Spencer,
New York, N. Y. ; J. Taylor Ellyson, Richmond, Va.
E. T. D. MYERS, President Richmond, Va.
Sec. <t Treas. — J. B. Winston Richmond, Va. | Auditor — J. E. Cox Richmond, Va.
Gen. Mgr. — W. D. Duke Richmond, Va.
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
SEABOARD AIR-LINE RAILWAY.
(For map of this system, see between pages 240 and 241.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Birmingham Extension 2
Capital Stock 8
Controlled Lines, Statements of 13
Equipment Obligations .... 10
Funded Debt, Details of 9
Gen. Bal. Sheet, June 30, 1902 7
Directors and Officers 14 History 2
Earnings, Expenses, etc.... 5 I Income Account 5
Marine Equipment 4
Mileage Operated June 30, 1902. . . . ' 1
Operations 1901 & 1902 12
Rolling Stock 3
Wilmington Ry. Bridge Bonds. . : : . 11
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 1,573.42 miles) •
Main Line: Richmond, Va., to Savannah, Ga 498.43 miles.
Washington Connection : Richmond to Richmond- Washington June., Va . . . 3.70
Weldon Line: Norlina to Weldon, N. C 37.20
Roanoke Rapids Branch : Weldon to Roanoke Rapids, N. C 2.54
Durham Branch : Henderson to Durham, N. C 41.40
Louisburg Branch: Franklinton to Louisburg, N. C 10.00
Pittsboro Branch: Moncure to Pittsboro, N. C 11.20
Gibson Branch : Hamlet to Gibson, N. C 10.13
Wilmington-Rutherfordton Line: Wilmington to Rutherfordton, N. C. ...... 267.03
Caroleen Branch: Ellenburg to Caroleen, N. C. . . . 4.70
Henrietta Branch: Mill Junction to Henrietta Mill, N. C 1.70
Atlanta Division: Monroe, N. C., io Atlanta, Ga 266.10
Lawrenceville Branch: Loganville to Lawrenceville, Ga 10.33
Atlanta Belt Line: Belt Line Junction to Howells, Ga 8.10
Montgomery Division: Lyons, Ga., to Montgomery, Ala 262.99
Savannah Section: Savannah to Meldrim, Ga 16.99
Savannah River Branch 2.08
Fitzgerald Branch: Abbeville to Ocilla, Ga . 30.80
Columbus and Southern Branch: Columbus to Albany, Ga . 88.00
Seabed and Roanoke RR. (see statement in Sec 13) . . . J81.30m.
B. CON-
TROLLED :
Roanoke and Tar River RR. (see statem't in Sec. 13) .. 32.30 m.
Florida Cent, and Pen. RR. (see statem't in Sec. 13) . .800.69m.
At.,Suwanee Riv. and G-f.RR.(see statem't in Sec. 13) . 58.15m. — 972.44
C. LEASED LINE: Central of Georgia Ry.: Lyons to Meldrim, Ga 57.65 "
D. TRACKAGE RIGHTS : Western and A tlantic Ry.: -Howells to Atlanta, Ga. . 3.00 "
Total length of the system, June 30, 1902 2,606.51 miles.
Average mileage operated during the year 2,603.61 "
Savannah Terminal tracks, 8.3 m. ; sidings, etc., 332.93 miles. Gauge, 4 ft. 9>y2 in. Rail
(steel, 2,692.88 m.), 56 to 85 Ibs.
2. History. — Organized on April 10, 1900, as successor to the Richmond, Peters-
burg and Carolina RR. Co., which owned the line from Richmond, Va., to Norlina, N. C.
102.10 miles. On July 1, 1900, the company assumed the operation of the several rail-
roads embraced in the so-called Seaboard Air Line system (see MANUAL for 1901, page 770
et scq.), together with the Georgia and Alabama Ry., the Florida Central and Peninsular
RR. and the Atlantic, Suwanee River and Gulf RR. As shown in the MANUAL for 1902,
242 POORS MANUAL OP RAILROADS — SOUTH ATLANTIC GROUP.
on page 763, eleven of the subsidiary roads were absorbed in Nov., 1901, and two
more of them on Feb. 8, 1902. This left, of the railroads taken over by the company
on July 1, 1900, only four — the Seaboard and Roanoke RR., the Roanoke and Tar River
RR., the Florida Central and Peninsular RR. and the Atlantic Suwanee River and Gulf
RR. — not actually merged with the Seaboard Air Line Ry. on June 30, 1902, and of these
the Florida Central and Peninsular RR. was absorbed on June 30, 1903. The Georgia
and Alabama Terminal Co. is practically merged with the Seaboard Air Line Ry.,
although it still maintains a nominal corporate existence. A description of its property
will be found in the remarks on the Georgia and Alabama Terminal bonds in Sec-
tion 9. The Seaboard and Roanoke RR. Co. is controlled through ownership of more tkan
99 per cent, of its capital stock; the Roanoke and Tar River RR. and the Atlantic,
Suwanee River and Gulf RR. Co., through ownership of their entire capital stocks. The
Lyons Branch of the Central of Georgia Ry. is leased in perpetuity at a rental of $43,500
a year.
Birmingham Extension. — In May, 1902, the company acquired the control of the
East and West RR., extending from Pell City, Ala., to Cartersville, Ga., a distance ot
116.7 miles, its object being to secure a line of Its own between Atlanta, Ga., and Birming-
ham, Ala. Extensive terminals have been secured in Birmingham, Ala., and arrange-
ments have been made for the construction of a line therefrom to a point near Coal City,
Ala., on the East and West RR., a distance of 39 miles, and of a line from Rockmart, Ga.,
on the East and West RR., to Howell Junction, Ga., on the Seaboard Air Line Ry., a
distance of about 43 miles. About 90 miles of the East and West RR., between Rockmart,
Ga., and Coal City, Ala., will be thoroughly revised and improved and will be used as u
part of the Atlanta- Birmingham Line. It is expected that the entire road will be com-
pleted and in operation at about the end of the present year, 1903.
Other Interests. — The Seaboard Air Line Ry., in conjunction with one of its pro-
prietary companies, owns the entire capital stock of the Baltimore Steam Packet Co.,
which operates the principal fleet of steamers on Chesapeake Bay between Baltimore and
Old Point Comfort, Norfolk and Portsmouth. The Seaboard Air Line Ry. owns a one-sixth
interest in the Richmond- Washington Co. (see GENERAL INDEX), a one-half interest in the
Union Passenger Station at Richmond, Va., and in the Wilmington Ry. Bridge (see Sec-
tion 11), and a one-third interest in the Union Passenger Station at Savannah, Ga. All of
these properties are operated under separate management.
3. Boiling Stock, June 30, 1902.— Locomotives (2 leased), 307. Cars— passen-
ger, 131; parlor, 2; cafe, 3; combination, 32; baggage, mail and express, 80; freight (box,
4,406; furniture, 27; flat, 3,726; stock, 65; gondola, 67; refrigerator express, 20; log, 52;
coal, 18), 8,381; service, 387 — total, 9,016.
4. Marine Equipment, June 30, 1902.— Tug, 1; barges, 9; launches, 4; pile-driv-
er, 1— total, 15.
5. General Income Account, year ending Jwne 30, 1902.
EarmlBffi— Passenger $2,063,591 74
Freight 7,906,126 13
Mail and Express 519,58419
Miscellaneous 580,17623
ToUl ($4,261.20 per mile) $11,068,47829
ExpeBMR— Malnt. of Way and Struc. . .$1,282,32894
Maintenance of Equipment. 1,089,68619
Conducting Transportation . 4,515,113 47
General Expenses 442,671 12
Total ($2,815.24 per mile) $7,329,79972
Net earnings (33.78 p. c.), $3,738,678.57; other receipts, $59,852.70— total, $3,798,-
631.27. Payments: Interest on funded debt, $2,481,400; interest on equipment trust obli-
gations, $110,900.77; taxes, $381,402.95; rental of leased line, $43,500; dividend on stock
if proprietary companies, $6,570.67 ; other charges, $8,925— total, $3,032,699.39. Surplus,
r 65,83 1.88; surplus forward ($252,676.47; less sundry accounts charged off, $121,452.54),
$131,223.93— total surplus June 30, 1902, $897,055.81.
The company reports that the gross earnings of the system for the year ending
POOR'S MANUAL SEABOARD AIR-LINE RY.
243
June 30, 1903, with month of June approximated, were $12,662,639, an increase over
the previous year of $1,082,824. As compared with the gross earnings in the preceding
statement, which agrees with the annual report, the increase amounts to $1,594,161.
6. Details of interest paid on funded debt, year ending June 30, 1902 :
Seaboard Air-Line Ry., $12,775,000 1st 4s $511,000 00
Seaboard Air-Line Ry., 2-yr. collateral trust 5s — $2,000,000 for 6 months, $1,323,000
for 6 months 83,075 00
Seaboard Air-Line Ry. collateral trust 5s — $8,000,000 for 6 months, $8,677,000 for
6 months 416,925 00
Seaboard & Roanoke RR., $2,500,000 1st 5s 125,000 00
Seaboard & Roanoke RR., $285,000 registered 6s 17,100 00
Roanoke & Tar River RR., $55,000 1st 6s 3,300 00
Durham & Northern RR., $100,000 1st 6s 6,000 00
Raleigh & Augusta Air-Line RR., $1,000,000 1st 6s 60,000 00
Carolina Central RR., $3,000,000 1st consol. 4s 120,000 00
Georgia, Carolina & Northern RR., $5,360,000 1st 5s 268,000 00
Georgia & Alabama Ry., $5,405,000 1st 5s 270,250 00
Georgia & Alabama Terminal Co., $1,000,000 1st 5s 50,000 00
Florida Central & Peninsular RR., $3,000,000 1st 5s 150,000 00
Florida Central & Peninsular RR., $410,000 land grant extension 1st 5s 20,500 00
Florida Central & Peninsular RR., $4,372,000 1st consol. 5s 218,600 00
South Bound RR., Southern Div., $2,033,000 1st 5s 101,650 00
Raleigh & Gaston RR., $1,200,000 1st 5s 60,000 00
Total amount of interest on bonds $2,481,400 00
7. General Balance Sheet, June 30, 1902.
Cost of Property $103,540,506 19
Securities Owned by S. A.-L. Ry. . . . 625,432 55
Securities Owned by Proprietary Cos. 2,333,362 89
Capital Stock in Treasury 14,100,00000
Leasehold, Wilm. Ry. Bdg. (Contra) 108,50000
Total Invested Assets $120,707,80163
Cash on Hand and in Transit 997,48761
Current Dues -. 799,11920
Notes Receivable, incl. Interest 83,92665
Unearned Ins. Premiums 21,33803
Unearned Interest on Equip. Notes.. 34,32044
Materials and Supplies 599,92063
Freight Claims in Suspense 113,879 77
Sundry Accounts 312,19280
Due from Proprietary Companies... 54,00465
Total Assets $123,723,99141
Preferred Capital Stock $25,000,00000
Common Capital Stock 37,500,00000
Funded Debt Outstanding 52,495,00000
Equipment Trust Notes (see Sec. 10) 2,519,813 38
W. Ry. Bridge Bonds (see Sec. 11).. 108,500 00
Total Capital Liabilities $117,623,313 38
Current Liabilities 1,555.48944
Accrued Liabilities 280,359 44
Matured Interest and Dividends 688,44100
Freight Certificates 34,00000
Reserve Funds 196,88498
Sundry Accounts 120,64125
Due to Proprietary Companies 1,959,717 90
Reserve for Acquiring Outstanding
Stock of Proprietary Companies. . . 368,088 21
Profit and Loss 897,05581
Total Liabilities $123,723,991 41
8. Capital Stock. — The authorized capital stock Is at present $75,000,000 In $100
shares, $25,000,000 thereof being preferred stock and $50,000,000 being common stock. On June
30, 1903, there were outstanding $19,400,000 of the preferred stock and $29,000,000 of the common
stock, the remaining $5,600,000 of preferred stock and the remaining $21,000,000 of common
stock — a total of $26,600,000 of both classes — being held in the treasury of the company. The pre-
ferred stock has priority over the common stock for dividends at the rate of 4 p. c. per annum, non-
cumulative, and is entitled to 2 p. c. additional (making 6 p. c. in all) after the common stock re-
ceives 4 p. c. ; thereafter all surplus of net earnings goes to common stock. All the preferred
stock and all except 50 shares of the common stock are deposited in a voting trust until April 1.
1910, although the voting trustees may in their discretion deliver the shares before then. The vot-
ing trustees are : J. Wm. Middendorf, James H. Dooley, C. Sidney Shepard, Robert C. Davidson,
Wm. A. Marburg, S. Davies Warfleld, and John Skelton Williams.
The capital stock may be increased under certain conditions from $75,000,000 to $100,000,000,
the increase being either preferred or common stock as the company may elect ; but no pre-
ferred stock can be issued in addition to the $25,000,000 now authorized, without the consent
of a majority of all the present holders of preferred stock, given at a meeting to be called for
the purpose.
0. Kun fled Debt. — The funded debt outstanding on June 30, 1902 — total, $52,495,000 as
per general balance sheet — consisted of the several issues of bonds listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto sub-
joined to the statement :
Seaboard Air-Line Ry. ($22,775,000).
$12,775,000 1st gold 4s of April 1, 1950.
1,323,000 collateral trust gold 5s of Oct. 1, 1902.
8,677,000 refund, coll. trust gold 5s of May 1, 1911.
* Divisional Bonds ($29,720,000).
$2,500,000 S. & R. RR. 1st 5s of July 1, 1926.
285,000 S. & R. RR. reg. 6s of Aug. 1, 1916.
55,000 R. & T. R. RR. 1st 6s of April 1, 1917.
1,200.000 R. & G. RR. 1st gold 5s of Jan. 1, 1947.
100,000 D. & N. RR. 1st 6s of Nov. 1, 1928.
•Exclusive of bonds held in treasury of
$1,000,000 R. & A. A. L. RR. 1st 6s of Jan. 1, 1926.
3,000,000 C. C. RR. 1st gold 4s of Jan. 1, 1949.
5,360,000 G., C. & N. RR. 1st 5s of July 1, 1929.
5,405,000 G. & A. Ry. 1st con. Bs of Oct. 1, 1945.
1,000,000 G. & A. T. Co. 1st 5s of D«c. 1, 1949.
3,000,000 F. C. & P. RR. 1st gold 5s of July 1, 1918.
410,000 F. C. & P. RR. land gr. ext. Bs of Jan.
1, 1930.
4,372,000 F. C. & P. RR. 1st con. 5s of Jan. 1, 1943.
2,033,000 S. B. RR. 1st Bs of April 1, 1941.
S. A.-L. Ry. or proprietary companies.
First Mortgage Gold Bonds. — Secured by first mortgage on the line from Richmond, Va., to
Norlina, N. C., 102.10 miles, on the line from Hamlet, N. C., to Columbia, S. C., 105.9 miles, and on
244 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
branches aggregating 39.63 miles in length (Loulsburg, Pittsboro, Lawrenceville, etc.). Secured
on the rest of the company's property by a mortgage which is subject in lien to the mortgages secur-
ing the various underlying divisional bonds, and also secured by deposit with the trustee under the
mortgage of the following securities having an aggregate par value of $26,423,200 :
Florida Central & Peninsular RR., out of $4,347,800 preferred stock $4,318,300
Florida Central & Peninsular RR., out of $19,900,100 common stock 19,652,400
Roanoke & Tar River RR., entire capital stock 51,500
Roanoke & Tar River RR., out of $260,000 1st mtge. bonds 205,000
Seaboard & Roanoke RR., out of $1,388,400 capital stock 1,296,000
Seaboard & Roanoke RR., out of $690,000 registered debentures 405,000
Durham & Northern RR., out of $150,000 1st mtge. bonds 50,000
Richmond-Washington Co., one-sixth of the capital stock 445,000
The total amount of 1st mtge. bonds authorized is $75,000,000, of which $12,500,000 can be
Issued only after July 1, 1903, at the rate of $1,500,000 a year for the first four years, and at the
rate of $1,000,000 a year thereafter, for the acquisition of new railroads and for construction, bet-
terments, equipment, etc. Of the remaining $62,500,000 of bonds, $29,725,000 are reserved for
the retirement of the outstanding divisional bonds ; $20,000,000 are deposited as collateral security
for the two issues of collateral trust bonds, and $12,775,000 are outstanding in the hands of the
public.
Collateral Trust Gold Bonds. — The $1,323,000 collateral trust gold bonds matured Oct 1.
1902, and were duly paid off, a like amount of collateral trust refunding gold bonds being issued
in their stead. The $4,000,000 1st mtge. 4 p. c. gold bondo of April 1, 1950, that were deposited
as collateral to the collateral trust gold bonds are now held as security for the collateral trust
refunding gold bonds.
Collateral Trust Refunding Gold Bonds. — Amount authorized, $10,000,000 ; outstanding at
the close of the fiscal year ending June 30, 1902, $8,677,000; issued upon the redemption of the
collateral trust gold bonds that matured Oct. 1, 1902, $1,323,000 ; total now outstanding,
$10,000,000. The bonds are redeemable at 105 and accrued interest on any interest day, after
three months' notice. They are secured by deposit of $20,000,000 of the 1st mtge. gold bonds of
April 1, 1950.
Seaboard and Roanoke RR. Bonds. — The 1st mtge. bonds are secured on the property of the
Seaboard and Roanoke RR. (see statement therefor in Sec. 13). The registered bonds are de-
bentures. They are payable after Aug. 1, 1916, either as a whole or in 10 p. c. installments. The
total issue of the debentures is $690,000, of which the Seaboard Air-Line Ry. owns $405,000.
Roanoke and Tar River RR. Bonds. — Secured on the line from Lewiston, N. C., to the Virginia
State Line, 32.3 miles.
Raleigh and Gaston RR. Bonds. — Secured by 1st mortgage on the line from Raleigh to Weldon,
N C., and branch to Roanoke Rapids, a total of 98.74 miles.
Durham and Northern -RR. Bonds; — Secured by first mortgage on the line from Henderson to
Durham, N. C., 41.4 miles. The total issue is $150,000, but $50,000 of the bonds are owned by the
S. A.-L. Ry.
Raleigh and Augusta Air-Line RR. Bonds. — Secured by first mortgage on the line from Raleigh
to Gibson, N. C., 106.73 miles.
Carolina Central RR. Bonds. — Secured by first mortgage on the line from Wilmington to
Rutherfordton, N. C. (less Wilmington Ry. Bridge, 2.4 m.), 264.63 miles, and branches to Henrietta
and Caroleen, 6.4 miles. The bonds are guaranteed, both principal and interest, by the Seaboard
and Roanoke RR. Co. and the Raleigh and Gaston RR. Co., jointly and severally, the guaranty being
endorsed on each bond.
Georgia, Carolina and Northern RR. Bonds. — Secured by first mortgage' on the line from Mon-
roe, N. C., to Atlanta, Ga., 266.10 miles. The bonds are guaranteed, both principal and interest, by
the Seaboard and Roanoke RR. Co. and the Raleigh and Gaston RR. Co., jointly and severally, the
guaranty being endorsed on each bond.
Georgia and Alabama Ry. Bonds. — Secured by first mortgage on the lines from Montgomery,
Ala., to Lyons, Ga., from Savannah to Meldrim, Ga., from Columbus to Albany, Ga., from Abbeville
to Ocilla, Ga., and branch to Savannah River, a total of 400.86 miles ; on terminals at Montgomery,
Americus, etc., and on the lease of 57.65 miles of the Central of Georgia Ry.
Georgia and Alabama Terminal Bonds. — Secured on extensive terminal property on the Sa-
vannah River, directly opposite the city of Savannah, with which it is connected by the steel bridge
of the Seaboard Air-Line Ry. The property embraces about 1,200 acres of land, including more
than three miles of water front, with wharves, piers, warehouses, 8.3 miles of railroad tracks, etc.
The entire capital stock of the Georgia and Alabama Terminal Co. is owned by the Seaboard Air-
Line Ry.
Florida Central and Peninsular RR. Bonds. — The 1st mtge. bonds of 1918 are secured on the
lines from Fernandlna to Cedar Keys, from Harts Road to Jacksonville, from Jacksonville to Chat-
tahoochee River, from Drifton to Monticello, from Tallahassee to St. Marks, from Waldo to Plant
City, from Wlldwood to Tavares, and from Panasoffkee Lake to Sumterville — a total of 573.5 miles.
The 1st mtge. land grant extension bonds are secured by first mortgage on lands referred to here-
after and on the lines from Plant City to Tampa, from Tavares to Orlando, from Archer to the Eagle
Early Bird and other phosphate mines, and from Turkey Creek Station to the Alafla River — a total
of 91.77 miles ; also secured by second mortgage on the lines covered by the 1st mtge. bonds of
1918. The F. C. & P. RR. Co. acquired by building the extension to Tampa, a grant of 67,000 acres
of land valued at $121,000, and is entitled to receive from the State of Florida 122 880 acres for
constructing the extension from Tavares to Orlando. As yet only 5,000 acres of the latter grant
have been received. The lands are covered by the extension mortgage, and the proceeds of their
sale are to be applied to the purchase of land grant extension bonds at the market price thereof,
such purchased bonds to be cancelled. The 1st consol. mtge. bonds are secured by first mortgage on
the line from Harts Road, Fla., to Savannah, Ga., 113.32 miles, and by general mortgage on the
rest of the F. C. & P. RR.
South Bound RR. Bonds. — Secured by first mortgage on the line from Columbia, S. C to
Savannah, Ga., 138.53 miles. Authorized issue, $2,100,000 ; originally 6 p. c. bonds but rate of
interest was reduced.
10. Equipment Obligations — During the year ending June 30, 1902, there was paid off
car trust and equipment obligations of the Seaboard Air-Line Ry. and its constituent companies
amounting to $708,330.76. This represented $597,429.99 principal and $110,900 77 interest!
POOR'S MANUAL SEABOARD AIR-LINE RY.
245
There were issued during the year $700,000 of 4J p. c. car trust notes, dated Feb. 1, 1902, principal
payable in quarterly installments during the next ten years. The amount of car trust and equip-
ment obligations outstanding on June 30, 1902, amounted to $2,519,813.38. The car trust obliga-
tions issued during the fiscal year were secured upon 20 locomotives, 10 passenger cars, and 500
box and 300 flat cars, of which 20 locomotives and 300 flat cars were delivered up to June .30, 1902.
11. \v i I in i ii^ Ion Ry. Brld«-e Bonds. — The Seaboard Air-Line Ry. and the Atlantic Coast
Line RR. Co., jointly own and operate the bridge from Hilton to Navassa, N. C., 2.4 miles, and
guarantee the bonds of the bridge company, each one-half (see statement for Wilmington Ry. Bridge
in Sec. 13).
12. Statement of operations, property and general balances for two fiscal years end-
ing June 30:
1901
1902
1901
1902
2,592.36
2 603.61
$
$
Net Traffic Earnings
3 024 859
3 738 678
3,411,823
3,381,872
Other Receipts
20,503
59853
3 706 975
3 940 624
362,800
419,299
Net Income. . .
3 045 362
3 798 531
Total Deductions
T * 1 D TV ' M'l
7 481 598
7 741 795
Net Profit
252 676
765,832
Passengers Carried
1,630,194
1,833,274
78,973,928
87,554,985
Miles Road Owned
254296
254296
3,998,081
4,516,072
Miles Track Owned. . .
2,868 21
2,884 19
Freight (ton) Miles
613,002,890
740,169,229
Miles Steel Rail. . . .
267690
2 692 88
2.48c.
2.36 c.
Locomotives
294
307
1.19c.
1.07 c.
Cars
8814
9016
$
1,978,780
$
2,063,592
Capital Stock
$
62500,000
$
62500,000
Freight . ...
7,282,432
7,905,126
Funded Debt
52,495,000
52,495,000
Other
1,165,068
1,099,760
Equipment Trust
2,458,913
2,519,813
cj 944 Q'^9
5 312 122
10 426,280
11,068,478
Profit and Loss. . .
252 676
897056
7 401 421
7329800
up at g pe
Total Liabilities
1'7 650 621
123 723 991
3,024,859
3,738,678
Cost of Property
101,694,149
103 540 506
4,021 92
4,251 20
Securities Owned
2 622 773
2 958 795
2,85509
2,815 24
Capital Stock in Treasury
14,100,000
14,100,000
1,16683
1,435 96
Materials, etc
616 695
599921
70.86 p. c.
66.22 p. c.
Cash and Other Assets
8 617 004
2 524 769
Total Assets
127,650 621
123 723 991
13. RAILROADS, ETC., CONTROLLED AND OPERATED BY THE SEABOARD AIR-LINE RY.
ATLANTIC, SUWANNEE RIVER AND
GULF RR Starke to Suwannee River, Fla., in-
cluding spurs, 58.15 miles.
HISTORY. — Chartered May 24, 1893 ; road
opened from Starke to Osceola, 38.9 miles, Oct. 1,
1895 ; extension of 11.25 miles opened July 1, 1901 ;
entire line opened Jan. 1, 1902. Under its charter
the company is entitled to a land grant of 10,000
acres per mile, of which 200,000 acres have been
received. The road has been operated by the Sea-
board Air-Line Ry. since July 1, 1900.
FINANCIAL STATEMENT. — Capital stock
($600,000 auth. ; $25 sharer,), $380,000; funded debt
(l.st gold 5s of Jan. 15, 1945), $303,000 — total, $683,-
000. The Seaboard Air-Line Ry. owns all the
stock and all the bonds.
CORPORATE OFFICERS. — John Skelton Wil-
liams, Pres., Richmond, Va. ; D. C. Porteous,
Sec., New York, N. Y. ; J. H. Sharp, Treas.,
Portsmouth, Va. Office, Portsmouth, Va.
FLORIDA CENTRAL AND PENINSULAR
RR. — Savannah, Ga., to Tampa, Fla., 343.10 m. ;
Fernandina to Jacksonville, Fla., and spurs, 38.45
in. ; Jacksonville to River Junction, Fla., 209.06
m. ; Waldo to Cedar Key, Fia., 70.8 m. ; Archer to
Early Bird, Fla., and spurs, 32.18 m. ; Wildwood
to Lake Charm, Fla., and spur, 70.75 m. ; Talla-
hassee to St. Marks, Fla., 20.35 m. ; Drifton to
Monticello, Fla., 4.38 m. ; Summerfield to Lake
Weir, Flu., 7.59 m. ; Turkey Creek to Durant,
Fla., 5.1 m. ; Junction to Sumterville, Fla., 2.13
m. ; Junction to Silver Springs, Fla., 1.9 m. — to-
tal. 805.79 miles. Deduct length of Turkey Creek
Branch, 5.1 miles, leased to U. S. & W. I. RR.&SS.
Co., leaving length operated by Seaboard Air-Line
Ry., 800.69 miles. The Florida Central and Pen-
insular RR. Co. was organized early in 1889, as
successor to the Florida Ry. and Nav. Co. (see
Manual for 1897, page 139). Merged into the Sea-
board Air Line Ry. on June 30, 1903.
ROANOKE AND TAR RIVER RR State
Line to Lewiston. N. C., 32.3 m. ; total track
(steel, 32.3 m.), 34.83 miles. Rail, 50 Ibs.
HISTORY.— Chartered March 5, 1885; opened
Oct. 1, 1887. Leased. April 21, 1886, to the Seaboard
and Roanoke RR. Co., for the term of its corpor-
ate existence, at an annual rental of $500 per mile.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $51,500; funded debt (1st 6s of April
1, 1917), $260,000 — total, $311,500. The Seaboard
Air-Line Ry. owns all the capital stock and $205,-
000 of the bonds, and has assumed the remaining
$55,000 of bonds.
CORPORATE OFFICERS. — John Skelton Wil-
liams, Pres., Richmond, Va. ; J. H. Sharp, Sec.
& Treas., Portsmouth, Va. Office, Portsmouth, Va.
SEABOARD AND ROANOKE RR Ports-
mouth, Va., to Weldon, N. C., 78.6 m. ; Boykins,
Va., to State Line, N. C., 2.7 m.— total, 81.3 miles.
Rail (steel), 60 Ibs.
HISTORY. — Consolidation, Feb. 22, 1849, of the
Seaboard and Roanoke RR. of Virginia and the
Roanoke RR. Co. of North Carolina. The road
was opened early in 1835, and rebuilt in 1S51 (see
Manual for 1888, page 646). Operated by the
Seaboard Air-Line Ry., statement for which see.
FINANCIAL STATEMENT. — The latest pub-
lished general balance sheet of the company is
246
POOR S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
given in the Manual for 1901, on page 774. Capi-
tal stock (cquiuion, 11,144,200; guaranteed, $200,-
000; 2d preferred. $44,200), $1,388,400 in $100 shares.
The preferred stock is entitled to dividends at the
rate of 7 p. c. per annum, guaranteed. Funded
debt ($2.500.000 1st 5s of July 1. 1926. and $690.000 '
debenture 6s of Aug. 1, 1916), $3,190,000. The
Seaboard Air-Line Ry. owns $1.386.200 of the cap-
ital stock and $406,000 of the debenture bonds.
The outstanding 1st mtge. bonds and debentures
are assumed by the Seaboard Air-Line Ry.
CORPORATE OFFICERS. — John Skelton Wil-
liams, Pres., Richmond, Va. ; J. M. Barr, Vice-
Pres. ; W. W. Chamberlaine, Sec.; John H.
Sharp, Treas., Portsmouth, Va. Office. Ports-
mouth, Va.
WILMINGTON RY. BRIDGE Hilton to
Mi-arc's Bluff, N. C., 2.40 miles. Owned and op-
erated by the Seaboard Air-Line Ry. and the At-
lantic Coast Line RR. Co. and those companies
jointly guarantee the bonds.
FINANCIAL STATEMENT.— Capital stock,
$40.000; funded debt (consol. bs of 1943), $217,000
—total, $257,000.
CORPORATE OFFICERS. — Junius Davis,
Pres., Wilmington, N. C. ; J. H. Sharp. Sec. &
Treas., Portsmouth, Va.
14. Bodrd of Directors, Seaboard Air-Line Ky., as constituted July 1, 1903.'
J. Skelton Williams Richmond. Va. I W. A. Marburg. Baltimore, Md. I Oeo. W. Watts. . Durham, N. C.
J. W.Middendorf.Baltimore.Md. S. Davies Warfleld " | F.R.Pemberton. New York.N.Y.
.lames H. Dooley. Richmond, Vn. Robt. C. Davidson " Ernst Thalmann
C. Sidney Shepard. . .New Haven. N. Y. | James M. Barr. Portsmouth, Va. | W. W. Mackall. .Savannah, Gs.
E. B. Addison Richmond, Va.
JOHN SKELTON WILLIAMS, President Richmond, Va.
James M. Barr, 1st Vice-Pres. and Gen. Mgr Portsmouth, Va.
J. Win. Middendorf, 3d Vice-President Baltimore, Md.
Asat. to Pres. — T. M. R. Talcott. .Richmond, Va. Secretary. — D. C. Porteous New York, N. Y.
Treasurer. — John H. Sharp Portsmouth, Va. Comptroller. — T. W. Roby Portsmouth, Va.
PRINCIPAL OFFICE AND ADDRESS Portsmouth, Va.
President's Office 922 East Main St., Richmond, Va.
New York Office 15 Wall St., Manhattan.
SOUTHERN RAILWAY COMPANY.
(For map of this system, see between pages 248 and 249.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 11
Certificates of Indebtedness. . 20
Controlled Companies 5
Controlled Jointly with Others 8
Directors and Officers 24
Earnings and Expenses 7
Earnings, etc., 1896-1902 9
Equipment 6
Equipment Obligations. . .17, 17a
Extension to Jacksonville 3
Funded Debt Details 13
General Balance Sheet 10
Gen. Bal. Sheet, 1896-1902 9
History S
Income Account 7
Income Account, 1896-1902.... 9
Joint "Monon" Bonds 14
Leased Line Statements.... 22
Leasehold Securities 16
Lines of Road Operated 2
Mileage Operated 1
"Monon" Collateral Bonds. 14
Operations, 1896-1902 9
Purchase of "Monon" 3
Rolling Stock 6
Securities Held for Control.. 19
Securities Owned 19, 20
Secur. Pledged under Mtge... 18
Sinking Funds IB
Southern Ry., Carolina Div. . 3
Trackage Rights 4
Track Mileage 2
Voting Trust 12
1. Mileage Operated, June 30 1902.— A. LINES OWNED (4,365.14 miles).
Main Lines: In Virginia, North Carolina, South Carolina, Georgia, Tennes-
see, Alabama, Mississippi, Kentucky, Indiana and Illinois (see de-
tailed mileage statement) 3,008.74 miles.
Branches and Spurs: In District of Columbia, Virginia, North Carolina,
South Carolina, Georgia, Tennessee, Alabama, Kentucky, Indiana and
Illinois (see detailed mileage statement) 1,356.40 "
B. PROPRIETARY RAILROADS (see detailed mileage statement, See. 2) 1,267.92 "
O. LEASED RAILROADS (see detailed statement of mileage Sec. 2) 818.38
D. OPERATED: Roswell RR. (see detailed statement of mileage, Sec. 2) 9.80 "
E. TRACKAGE RIGHTS (see detailed statement) 304.67 "
Total length of lines operated by Southern Ry. Co., June 30, 1902 6,765.91 miles.
Gauges, 4 ft. 9 in. and (83.36 miles) 3 ft. Rail — iron, 45 to 56 Ibs. ; steel, 56 to 80 Ibs.
la. Increase in Mileage Operated.— The average number of miles operated for the
year was 6,743.61, as compared with an average of 6,612.11 miles in 1901. The mileage
operated at the close of the fiscal year was 6,765.91 miles, as against 6,728.85 at the close
of the previous fiscal year, an increase of 37.06 miles, as follows: Additions — Ensley
Southern Railway, from Ensley, Ala., to a point near Warrior River, 19.22 miles,
and from Parrish, Ala., to a point near Little Warrior River, 9.24 miles; extension from
Maryville to Walland, Tenn., 10.21 miles; extension from Colenor, Ala., to coal mines, 1.02
miles; Morristown, Tenn., cut-off, 2.97 miles; additional trackage over Jacksonville
POOR S MANUAL — SOUTHERN RY. CO.
247
and St. Louis RR. at Centralia, 111., 0.44 mile; trackage over Savaanab Union Station
tracks, Savannah, Ga., 5.52 miles — total additions, 48.62 miles. Deduct mileage of Ander-
son Branch, no longer operated by Southern Ry. Co., 9.98 miles; sundry remeasurements
and corrections, 1.58 miles— total, 11.56 miles. Net increase in mileage, 37.06 miles.
2. Lines of Road Operated. — Statement showing in detail the mileage of lines
operated by the Southern Ry. Co., June 30, 1902, exclusive of trackage rights:
MAIN LINES AND BRANCHES.
Miles.
Alexandria, Va.( to Greensboro. N. C.*.... 280.05
Neapolis to West Point, Va 179.00
Charlotte, N. C., to Augusta, Ga 191.00
Columbia to Greenville, S. C 143.50
Salisbury, N. C., to Morristown, Tenn 231.37
Bristol to Chattanooga, Tenn 241.55
Stevenson, Ala., to Memphis, Tenn 271.80
Tuscumbia to Florence, Ala 7.60
Moscow to Somerville, Tenn 13.10
Ooltewah June., Tenn., to Brunswick, Ga. . 415.00
Austell, Ga., to State Line, Mississippi... 260.70
Southern Ry. in Miss. :
State Line, Ala., to Greenville, Miss 179.10
Stoneville to Percy, Miss. (n. g.) 23.20
Itta Bena to Webbs, Miss 34.60
M. & O. Sta. to Columbus, Miss 1.32
Pass. Sta. to Columbus, Miss 0.65
Atlanta Junction, Ga., to York, Ala 270.50
Term, to Freight House, Washington, D.C. 0.22
Alexandria to Bluemont, Va 54.15
Union Street Branch, Alexandria, Va — 1.60
Manassas Junction to Harrisonburg, Va. 112.89
Calverton to Warren ton, Va 8.90
Franklin Junction to Pittsville, Va 7.10
Manchester Junction to Rocketts, Va 1.00
Belle Isle Junction to Belle Isle, Va 0.70
Granite, Va., to Westham Granite Quarry 3.00
Clarksville, Va., to Durham, N. C 55.10
Oxford to Henderson, N. C 12.75
Pomona to Wilkesboro, N. C 100.15
Asheville (Murphy Jc.) to Murphy, N. C. 122.40
Charlotte to Taylorsville, N. C 65.65
Hodges to Abbeville, S. C 11.50
Belton to Anderson, S. C 9.98
Aiken to Edgefield, S. C 23.58
Embreeville June, to Embreeyille, Tenn. 13.00
Rogersville June, to Rogersville, Tenn. 16.00
Clinton to Harriman Junction, Tenn.... 30.60
K. & O. Jc., Knoxv. to Cumb. Gap, Tenn.. 63.56
Knoxville Belt 5.37
Knoxville to Welland, Tenn 26.21
Briceville "Y" to Panola, Tenn 4.94
Oliver Springs to Big Mountain, Tenn.... 3.26
Cleveland, Tenn., to Cohutta, Ga 14.80
North Rome, Ga., to Attalla, Ala 61.30
Atlanta to Fort Valley, Ga 102.30
Howell to Belt Junction, Ga 3.30
Cochran to Hawkinsville, Ga 10.10
Dock Jc. to Turtle River Docks, Bruns-
wick, Ga 1.80
Marion Junction to Akron, Ala 53.00
Wilton to Mobile, June., Ala 34.00
Gurnee Junction to Blocton, Ala 14.30
Woodlawn to End Belt Rd., Bessemer, Ala. 20.50
North Birmingham to Coalburg, Ala 6.40
Coalburg to Mines 9 and D, Ala 2.60
Cardiff to Brazil Mines, Ala 1.60
Jefferson to Blossburg, Ala 1.91
Offerman to Hooper Mines, Ala 0.60
America Junction to America, Ala 2.20
Oaknian to Coal Valley, Ala.. 2.20
Patton Junction to Patton, Ala 1.10
Corona to No. 3 Mines, Ala 0.90
Castleman Junction to Castleman, Ala... 3.63
Lula to Athens, Ga 38.93
Cave Springs to Lopez, Oa 5.23
Ardella to Belle Ellen, Ala 2.90
Seymour to Coal Mines, Ala 2.24
Pinner's Point, Va., to connection with
N. & C. RR 0.66
Louisv. to Lexington, Ky.(So. Ry. in Ky.) 80.12
MAIN LINES AND BRANCHES — Continued.
Miles.
Brought Forward 3,966.27
Lawrenceb. to Burgin, Ky. (So. Ry. in Ky.) 25.97
Versailles to Georget., Ky. " " " 16.74
Venice and Carond. Belt, E. St. Louis, 111. 6.86
Belleville Junction to Belleville, 111 1.14
East St. Louis, 111., to State Line, Ind.... 146.77
Southern Ry. in Ind. :
State Line, 111., to New Albany, Ind 118.28
Jasper to Evansville, Ind 54.22
Rockport June, to Rockport, Ind 16.15
Lincoln City to Cannelton, Ind 22.72
Total Main Lines and Branches 4,375.12
Less not Operated, Anderson Branch... 9.98
Main Line and Branches Operated 4,365.14
CONTROLLED BY OWNERSHIP OF SECURITIES.
A. — Leased (534.65 miles) :
South Carolina & Georgia RR. (241.11 m.) : Miles.
Charleston, S. C., to Augusta, Ga 136.91
Branchville to Columbia, S. C 67.10
Kingville to Camden, S. C 37.10
Sumter and Wateree River RR. :
Sumter Junction to Sumter, 8. C 15.81
Mobile and Birmingham RR. :
Marion Junction to Mobile, Ala 148.55
Richmond and Mecklenburg RR. :
Keysville to Clarksville, Va 31.30
Georgia Midland Ry. :
McDonough to Columbus, Ga 97.88
B. — Not Leased (733.27 miles) :
Asheville and Sptrtanburg RR. (133.90 m.) :
Biltmore, N. C., to Spartanburg Jc., S.C. 65.90
Spartanburg to Alston, S. C 68.00
State University RR. :
University to Chapel Hill, N. C 10.20
North Carolina Midland RR. :
Mooresyille to Winston-Salem, N. C 63.62
High Point, Randleman, Asheboro' and
Southern RR. :
High Point to Asheboro', N. C 26.80
Yadkin RR. :
Salisbury to Norwood, N. C 41.00
Elberton Air-Line RR. :
Toccoa to Elberton, Ga 50.60
Knoxville and Ohio RR. (69.32 miles) :
Knoxville to Jellico, Tenn 65.30
Coal Creek to Cambria, Tenn 4.02
Carolina Midland Ry. (136.76 miles) :
Cayce to Hardeeville, S. C 128.82
Perry to Sievern, S. C 7.94
Sievern and Knoxville RR. :
Batesburg to Sievern, S. C 17.44
Atlantic and Yadkin Ry. (165.17 miles) :
Sanford to Mt. Airy, N. C 130.95
Climax to Ramseur, N. C 18.74
Stokesdale to Madison, N. C 11.39
Gulf to Bluff Quarry, N. C 0.05
Greensboro to Proximity Mills, N. C 2.02
Mt. Airy to Granite Quarry, S. C 2.02
Ensley Southern Ry. (28.46 miles) :
Ensley, Ala., to near Warrior River.... 19.22
Parrish.Ala., to near Little Warrior Riv. 9.24
Total Controlled 1.267.92
Total Main Line and Branches 4,375.12
Total Controlled 1,267.92
Total Covered by So. Ry. Securities. .6,643.04
*The mileage of the Charlottesville and Rapidan RR., from Charlottesville to Orange, Va., 28.22
miles, is included in this length, although that line has not as yet become formally merged into the
Southern Ry. (see description of C. & R. bonds in Sec. 13).
248
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
LEASED LINKS.
Miles.
North Carolina BR. (224.34 miles) :
Ooldsboro to Charlotte, N. C 222.44
Caraleigb June, to Caralelgh Mills, N.C. 1.90
Atlanta and Charlotte Air-Line Ry. :
Charlotte, N. C., to Atlanta, Ga 268.17
fmnklin tnul 1'ittsulvania RR. :
Pittsvllle to Rocky Mount, Va 29.90
Atlantic and Danville Ry. (282.16 miles) :
Danville to West Norfolk. Va 205.10
James Rlv. Jc. to Claremont Wharf, Va.
(n. g.) 50.36
Hitchcock Jc. to Hitchcock Mills, Va.... 8.33
Buffalo Jc. to Buffalo Lithla Springs, Va. 3.90
LEASED LINES — Continued.
Miles.
10.C2
Brouyht Forward
Shoulders Hill to Shops, Va
Vlrgfllna. Va., to Mines, N. C
(N. & 8. C. RR.) 4.45
Lockhart RR. :
Lockhart Junction to Lockhart, S. C 13.81
Total Leased 818.38
OPERATED UNDER AGREEMENT.
Roswell RR. (narrow gauge):
Chamblee to Roswell, Ga 9.80
Summary of track mileage of the same lines, and of mileage of steel rails, June 30
1903:
Main
Track
Miles.
. . 4,365.14
Second
Track
Miles.
20.56
Side
Track
Miles.
1,026.07
Proprietary Roads
. 1,267.92
6.19
242.27
. 818.38
190.76
Roswell RR . .
9.80
0.16
Total Operated
. ..6,461.24
26.75
1,459.26
9.98
0.96
Total
Track
Miles.
5,411.77
1,516.38
1,009.14
9.96
7,947.25
10.94
*Steel
Rail
Miles.
4,316.10
1,236.15
794.82
0.89
6,347.96
10.44
•Iron
Rail
Miles
77.50
3.3
23.56
8.9
113.28
0.50
113.7
Grand Total 6.471.22 26.75 1,460.22 7,958.19 6,358.40
•Excluding sidings, of which there Is no record as between iron and steel rail.
3. History. — Chartered Feb. 20, 1894, as successor to the Richmond and
Point Terminal Railway and Warehouse Co., and for the purpose of consolidating th<
various interests controlled by that company. A sketch of the history of the system fron
the incorporation of the Richmond and Danville RR. Co. on March 9, 1847, down to thi
beginning of the present management, is in the MANUAL for 1897, pages 763 to 767. Ii
later editions, the subsequent history of the company down to June 30, 1901, is recorded
Effective January 1, 1902, the branch line extending from Belton to Anderson; S. C., 9.9S
miles, known as the Anderson Branch of the Columbia and Greenville RR., was leased t(
the Blue Ridge Ry. Co. for a term of one year, and thereafter until the lease is terminate
upon thirty days' notice. During the year ending June 30, 1902, there were added to th<
lines operated by the company two sections of the Ensley Southern Ry., aggregating 28.4(
miles (see Sec. 2) and an extension of the former Knoxville and Augusta RR. fron
Maryville to Walland, Tenn., 10.21 miles. The Ensley Southern Ry. Co. is controlled bj
the Southern Ry. Co., through ownership of its securities. Its line is under constructior
and will extend from Ensley to Parrish, Ala.
Joint Control of Monon. — On May 20, 1902, the Southern Ry. Co. and the Louisvill*
and Nashville RR. Co. offered to purchase for joint account not less than 51 per cent, o
the capital stock of the Chicago, Indianapolis and Louisville Ry. Co. at the price of 90 pei
cent, of par for the preferred shares and 78 per cent, of par for the common shares, pay
ment to be made in joint 4 per cent, bonds, secured by deposit of the shares acquired. It
was provided that the amount of capital stock (51 per cent:) called for in the offer should
be deposited not later than July 1, 1902. Up to March 1, 1903, $9,696,900 of the common
stock and $3,800,000 of the preferred stock of the Chicago, Indianapolis and Louisville Ry.
Co. were acquired and $11,682,582 of the joint bonds issued in payment therefor.
Southern Ry., Carolina Division. — Effective July 1, 1902, the Southern Ry. Co. took a
lease of the Southern Railway-Carolina Division, a consolidation of four of its proprietary
roads — the Asheville and Spartanburg RR., the Carolina Midland Ry., the South Carolina
and Georgia RR., and the South Carolina and Georgia Extension RR. ( the control of the
last named having been acquired after June 30, 1902). A statement for the Southern
Railway-Carolina Division will be found in Section 22.
Jacksonville Extension.— Effective July 1, 1902, the Southern Ry. Co. purchased the
securities of the Atlantic. Valdosta and Western Ry. Co. and of the St. Johns River Ter
SOUTHERN RAILWAY
SYSTEM.
19O3.
Southern Railway Owned or Leased
Operated separately -Majority Stock Owned
Other lines in which Southern Ry. Co. Is interested
Connections
• Trackage Rights
BEACH
POOR'S MANUAL — SOUTHERN RY. CO.
249
mi rial Co., but on Oct. 16, 1902, the greater part of the Atlantic, Valdosta and Western
Ry. was conveyed by deed to the Georgia Southern and Florida Ry. Co., as shown in the
statement for that company (see GENERAL INDEX). Effective on the same date, July 1,
1902, the company acquired joint trackage rights in the Atlantic Coast Line RR. between
Savannah, Ga., and Jacksonville, Fla., making the Southern Ry. an initial line at the
latter point and increasing the operated mileage of the system 172 miles.
4. Trackage Rights. — Lines and parts of lines operated under trackage rights:
NAME OF RAILROAD.
TERMINI.
•a$
•^.3
ANNUAL CONSIDERATION.
From —
To—
Washington, D. C
Peter's St. toUn. Dp...
a. Jc. to W. Br'd St . .
Ent. to Union Dep. . . .
Ent. to Union Uep. . . .
Alexandria, Va. . .
6.95
0.67
3.37
0.49
0.25
0.87
0.20
3.60
14.00
27.03
0.40
0.52
0.20
4.41
0.75
99.50
54.88
0.35
0.60
38.00
23.30
2.94
3.18
0.10
1.80
0.06
0.50
0.33
9.90
5.52
Wheelage proportion of interest on
valuation and of maintenance.
Rental based on train mileage.
$1,000.
Proportion of gross earnings.
I- $200 per month.
Joint use of track; rental, $250 per
month.
Wheelage prop'n of int. on val'n.
Proportion of gross earnings.
Wheelage prop'n of 5 p. c. on valu'n.
*
Wheelage prop'n of int. on val'n.
\i of 6 p. c. on cost, and wheelage pro-
portion of maintenance.
Wheelage proportion of 5 p. c. per
annum on valuation and maint.
t
!• 5 p. c. on % of valuation.
| $5,000 per month.
Wheelage proportion of 5 p. c. per
annum on valuation and maint.
Wheelage proportion of interest on
cost and of maintenance, and same
proportion of maintenance.
$50 per month.
Wheelage proportion of interest on
agreed valuation.
Rental on wheelage basis.
Atlanta, Ga
Augusta A Summerville RR
Savannah, Ga
Augusta, Ga
Augusta, Ga
Georgia RR ..
J
Western & Atlantic RR
W. A A. Crossing
Woodlawn, Ala
Birmingham, Ala
Dalton, Ga
Birmingham, Ala
Mobile June., Ala
Meridian, Mips
Alabama Gt. So. RR
Louisville A Nashville RR
York, Ala
Cent Pass Sta
Ent. to Union Dep
L. <fc N. Junction
Cumb. Gap, Tenn
Lipscomb St., Mob. . . .
Tarboro, N. C
Selma,N.C
Ent. to Union Dep
King St., Chatta
Louisa St., Chatta. . . .
Hardeeville, S. C
Four-Mile Crossing. . . .
Birmingham, Ala
U. Dep., Flor., Ala. . . .
Middlesboro, Ky
Pass. Sta., Mob
Norfolk * Carolina RR
Wilmington A Weldon RR
Atlantic Coast Line
Nash., Chatt. & St. Louis Ry
Charleston & Savannah Ry
Plant System
St. Louis Terminal RR. Asso. .
Pinners Point, Va
Tarboro, N. C
Sumter, S. C
Louisa St., Chatta
Stevenson, Ala
Savannah, Ga
U. Sta., Bruns., Ga. . . .
East St. Louis, 111
B'way, E. St. L., 111. . .
Centralia, 111 .
East St. Louis A Cairo RR
Jacksonville A St. Louis Ry. . . .
Relay Jc., E. St. L. .. .
Through
Bait. A Ohio Southwestern RR
Illinois Central RR
Kentucky A Ind. Bridge A RR
Sav. Union Station Co
At N'w Albany, Ind... .
llth St., Louisville ...
Ent. to Calh. St. Sta. . .
Louisville, Ky
7th St. Sta., Lou., Ky..
Memphis, Tenn
New Albany, Ind
Savannah Union Dep...
Total Trackage
304.67
*There Is no separate consideration paid for the use of the Alabama Great Southern track
from Central Passenger Station to Louisa Street, Chattanooga, the use of that track being granted
under the agreement for use of the N., C. & St. L. tracks between Chattanooga, Tenn., and Steven-
son, Ala.
t The use of the L. & N. RR. Co.'s track at Mobile, Ala., between Lipscomb Street and the Pas-
senger Station (0.75 mile) is covered by agreements for the use and exchange of various terminal
facilities at Mobile, so that the consideration for the use of that particular track cannot be stated
separately. The rental paid for these tracks, both at Chattanooga and Mobile, is included In
operating expenses and is not stated as a part of the company's fixed charges.
5. Controlled Companies.— The Southern Ry. Co. controls the Alabama Great
Southern RR., through ownership of a majority of each class of the capital stock of the
Alabama Great Southern Ry. Co., Limited. The Southern Ry. Co. also controls the Mobile
and Ohio RR. Co. through ownership of more than 64 per cent, of its capital stock and
about 84 per cent, of its general mortgage bonds. Those railroads are operated as inde-
pendent properties, and separate statements for them will be found elsewhere in the
MAM;AL (see GENKRAL INDEX). The Southern Ry. COi owns all the securities of the Blue
Ridge Ry. Co. and of the Hartwell Ry. Co., all the stock and practically all the bonds of
the Danville and Western Ry. Co. and a majority of the stock of the Augusta Southern
RR. Co. It also lias a controlling interest in the Northern Alabama Ry. Co. Statements
for these four companies will be found appended hereto. In addition to and as an adjunct
250
POOR'S MANUAL OF RAILROADS SOUTH ATLANTIC GROUP.
of ita railroad system the Southern Ry. Co. controls the Chesapeake Steamship Co. (suc-
cessor to the Baltimore, Chesapeake and Richmond Steamboat Co.), operating about 200
miles of water lines on Chesapeake Bay and James River. The reports of that company
•re not available.
8. Inventory of Equipment, June 30, 1902.
I
Leased, etc.
I
2
1
Leased, etc.
1
1
J
3
•a
j
H
I
LOCOMOTIVES.
Passenger
ITS
3%
111
2
i-,37
248
r,2
7!)
M3
20
11
n
42
70
12
3
127
3d
3!i
20
31
3
7
39
132
2
173
311
3
IS
23
3
2.-,<»
,-)<tS
73
7
!137
320
104
114
200
26
IS
13
7(»S
1
2
2
R
FREIGHT CAR
EQUIPMENT.
Standard Gauge.
Logging
ROAD SERVICE
EQUIPMENT.
Boarding Cars
m
8
101
92
1
558
9
101
16
17
6
3
2
1
1
1
715
2
3
8
6
98
2
1
1
121
Freight
Switching.
Supply Cars
Totals.
Tool Cars
Poultry
Box, Plain
19
4,857
5,322
211
163
320
185
8,129
1,439
275
88
21,008
Y,i62
556
"'27
i92
587
38
8
2,660
1,875
175
50
395
600
4,337
853
19
8,679
7,753
386
213
742
785
12,658
2,879
313
127
Derrick Cars
13
14
5
1
3
3
1
PAMENGKR CAR
EQUIPMENT.
Standard Gauge.
Passenger, 1st Clan. . ..
Passenger, 2d Class. . . .
Passenger 4 Baggage.
B.ig.,Mail A Express. . .
Vail
Pile Drivers
Box, Ventilated. . . .
Steam Shovels
Furniture
Stone Crushers
Refrigerator
Track Scrapers
1
Stock . .
Snow Plow
Coke and Charcoal . .
Coal
Ballast Leveler
j
Scale Test
1
Flat
Totals
615
2
2
6
4
10(1
i
2
?
=
Caboose (8-wheel) . .
Caboose (4- wheel) . .
Totals.
Officers'
31
10,976
MARINE
EQUIPMENT.
Steam Tow Boats. . .
Tug Boat*
Dining.
Tr.t«l«
5711
1
1
1
1311
i
l
SO
2,570
34,554
Narrow Gauge.
Passenger, 1st Class. . ..
Passenger, 2d Class
Passenger A Baggage . .
Total*.
Narrow Gauge.
Box
25
5
16
81
2
41
86
2
1
Covered Barges
Car Floats
Flat
<is
Caboose
1
Pump Boat*
?
Totals.
|
3
2
141
30
100
130
1
Total Pass. Equip.. .
Total Frt. Equip.
Totals
114
57!)
80
SOO
21,038
N
2,670
10,976
34,684
7
7. General Income Account, year ending June 30, 1902.
EARNINGS.
1900-01*
(6,799.39 m.)
Passenger $9,065,804 92
Freight 23,617,452 30 24,942,459 66
Mail and Express 2,260,598 38
Miscellaneous 753,916 40
1901-02
(6,743.61 m.)
$9,601,36007
2,422,852 16
745,57627
lotah.
Averages per Mile. .
$35,697,772 00 $37,712,248 16
5,250 14 5,592 29
Net Earnings, 1901-02 (32.02 p. c.) $12,076,229 08
Income from Investments 690,654 82
Net Income from Compresses, etc 1 12,782 31
Earnings Shepherd's Ferry, Alexandria 21,071 86
Total Net Income $12,900,738 07
EXPENSES.
Maint. Way and Structures .
Maintenance of Equipment
Conducting Transportation.
1900-01*
(6,799.39 m.)
$5,823,617 98
5,140,231 99
11,798,951 47
General Expenses 1,236,439 86
1901-02
(6,743.61 m.)
$5,767,14965
5,652.919 19
12,940,07341
1,275,87683
Totals. $23,999,241 30 $25,636,019 08
Averages per Mile 3.529 62
Taxes for Year. $1,210,817 85
Rentals of Leased Linen 1,453,251 44
Interest on Funded Debt 6,380,362 42
Miscellaneous Deductions 255,408 89
Preferred Dividend No. 9 (2% p. c.) 1,500,000 00
Total Deductions $10,799,840.60
•For the sake of comparison the earnings and expenses for this year are based on substantially
the same mileage as was operated during the succeeding fiscal year, the results from the operation
of the St. Louis Division by the receiver of the Louisville, Evansville and St. Louis Consolidated RR.
for the six months ending Dec. 31, 1900, being included.
Surplus for year, $2,100,897.47; surplus to June 30, 1901, $4,637,253.71; debts col-
lected formerly written off, $6,462.78; profit on securities sold, $16,717.32; value of ma-
terial and supplies received with leased lines, credited to profit and loss and charged to
cost of road— leasehold estates, $65,109.27— total, $6,826,440.55. Deductions: Value of
miscellaneous securities and accounts written down, $152,738.20; cost of acquisition and
exchange of Mobile and Ohio securities, $137,560.05; discount on Southern Railway — St.
Louis Division bonds sold, $7,500; Atlanta Compress Co. rental written off, $11?666.62;
amount paid to Plant System on account of improvements at Yemassee, S. C., the use of
which has been discontinued, $2,798.78; miscellaneous small items written off, $3,282.02 —
total, $316,545.87. Surplus June 30, 1902, $6,510,894.88.
POOR'S MANUAL SOUTHERN RY. CO. 251
7 a. Statement of Interest and Rentals, yeai ending June 30, 1902.
Interest on Funded Debt (total, $6,380,362.42) :
Southern Ry. 1st Consols— 5 p. c. on $33,640 for 12 months and on $35,000 for
6 months $1,682,875 00
East Tenn. Reorg. Bonds — 5 p. c. on $4,500,000 for 12 months 225,000 00
Memphis Division 1st Mtge. Bonds — 4J p. c. on $5,083,000 for 12 months 228,735 00
Aiken Branch 1st Mtge. Bonds — 4 p. c. on $150,000 for 12 months 6,000 00
St. Louis Division 1st Mtge. Bonds — 4 p. c. on $11,250,000 for 12 months 450,000 00
Mobile & Ohio Collateral Mtge. Bonds — 4 p. c. on $7,856,000 for 2 months, on
$7,902,000 for 6 months and on $7,949,000 for 4 months 316,826 67
Collateral Trust — 4 p. c. on $4,000,000 for 7 months 93,333 33
Car Trust, Series " A " — 4 p. c. on $2,337,000 for 12 months 103,580 00
Equipment Trust, Series " B " — 4 p. c. on $2,220,000 for 9 months, less adjust-
ment of interest in connection with advances made under the trust 25,240 74
Certificates of Indebtedness — Account of purchase S. C. & G. and N. Ala. Se-
curities— 5 p. c. for 12 months 49,416 67
Account Extension Car. Mid. — 4 p. c. for 12 months 25,000 00
Account Ensley Southern Construction — 4 p. c. for
12 months 14,000 00
Issue of May 1, 1901 — 4 p. c. for 12 months 50,000 00
Richmond & Danville 1st Consol. Mtge. Bonds — 6 p. c. on $5,997,000 for 12 months 359,820 00
Richmond & Danville Debenture Mtge. Bonds — 5 p. c. on $3,368,000 for 12 months 168,400 00
Richmond & Danville Equipment Sinking Fund Mtge. Bonds — 5 p. c. on $490,000
for 12 months < 26,466 68
Wash., Ohio & Western 1st Mtge. Bonds — 4 p. c. on $1,025,000 for 12 months 41,000 00
Rich., York River & Ches. 1st Mtge. Bonds — 5 p. c. on $400,000 for 12 months 20,000 00
Rich., York River & Ches. 2d Mtge. Bonds — 4J p. c. on $500,000 for 12 months.... 22,500 00
Atlantic, Tenn & Ohio 1st Mtge. Bonds — 6 p. c. on $150,000 for 12 months 9,000 00
West. N. Car. 1st Consol. Mtge. Bonds — 6 p. c. on $2,531,000 for 12 months 151,860 00
Charlotte, Columbia & Augusta 1st Ext. Mtge. Bonds — 5 p. C. on $1,515,500 for 6
months and on $1,480,500 for 6 months 74,900 00
'Char., Columbia & Augusta 2d Mtge. Bonds — 7 p. c. on $500,000 for 12 months 35,000 00
Columbia & Greenville 1st Mtge. Bonds — 6 p. c. on $2,000,000 for 12 months 120,000 00
E. Tenn., Vir. & Ga. 1st Mtge. Bonds — 5 p. c. on $3,106,000 for 12 months 155,300 00
B. Tenn., Vir. & Ga. Consol. Mtge. Bonds — 5 p. c. on $12,770,000 for 12 months.... 638,500 00
Alabama Central 1st Mtge. Bonds — 6 p. c. on $1,000,000 for 12 months 60,000 00
Knoxville & Ohio 1st Mtge. Bonds — 6 p. c. on $2,000,000 for 12 months 120,000 00
Ga. Pac. 1st Mtge. Bonds — 6 p. C. on $5,666,000 for 12 months 339,600 00
Ga. Pac. Equip. Sink Fund Mtge. Bonds — 5 p. c. on $69,000 for 12 months 5,058 33
Virginia Midland Serial A Mtge. Bonds — 6 p. c. on $600,000 for 12 months 36,000 00
Virginia Midland Serial B Mtge. Bonds — 6 p. c. on $1,900,000 for 12 months 114,000 00
Virginia Midland Serial C Mtge. Bonds — 6 p. c. on $1,100,000 for 12 months 66,000 00
Virginia Midland Serial D Mtge. Bonds — 5 p. c. on $950,000 for 12 months 47,500 00
Virginia Midland Serial E Mtge. Bonds — 5 p. c. on $1,775,000 for 12 months 88,750 00
Virginia Midland Serial F Mtge. Bonds — 5 p. c. on $1,310,000 for 12 months 65,500 00
Virginia Midland Serial General Mtge. Bonds — 5 p. c. on $4,859,000 for 12 months. 242,950 00
Spartanburg, Un. & Col. 1st Mtge. Bonds — 4 p. c. on $1,000,000 for 12 months 40,000 00
Atlantic & Yadkin 1st Mtge. Bonds — 4 p. c. on $1,500,000 for 12 months 60,000 00
Venice & Carondelet 1st Mtge. Bonds — 6 p. c. on $50,000 for 9 months 2,250 00
Rentals of Leased Lines (total, $1,453,251.44) :
Georgia Midland Ry. ( interest on $1,650,000 1st Mtge. 3 p. c. bonds) 49,500 00
Atlantic and Charlotte Air Line (interest on bonds, 7 p. c. on stock and $4,000
for organization) 470,500 00
Charlotteville & Rapidan RR., fixed cash rental for 12 months 35,300 00
North Carolina RR., fixed cash rental for 12 months 276,000 00
South Carolina & Georgia RR., net income of road 267,'500 00
Mobile & Birmingham RR., fixed cash rental 105,'oOO 00
Atlantic & Danville Ry., fixed cash rental 157,000 00
Richmond & Mecklenburg RR., fixed cash rental 12 600 00
Athens Belt Line, fixed cash rental 1*050 00
Wilm. & Weldon RR. and Norfolk & Carolina RR., trackage and real estate rental 69*799 80
Charleston & Savannah Ry., trackage ( 12 months) '. 8*001 68
Central of Georgia Ry., trackage ( 12 months) '999 96
8. Joint Control. — The Southern Ry. Co. and the Cincinnati, Hamilton and Dayton
Ry. Co. jointly control the Cincinnati, New Orleans and Texas Pacific Ry. Co., lessee of
the Cincinnati Southern Ry. The Southern Ry. Co. and the Louisville and Nashville RR.
Co. jointly control the Chicago, Indianapolis and Louisville Ry. Co. The same companies
control the Birmingham Southern RR. Co., through ownership of its capital stock, each
one-half. The Southern Ry. Co., the Baltimore and Ohio Southwestern RR. Co. and the
Chicago, Indianapolis and Louisville Ry. Co. jointly control the Kentucky and Indiana
Bridge and Railroad Co., owner of the railroad and bridge from New Albany, Ind., to
Louisville, Ky. The Southern Ry. Co. owns one-eighth of the capital stock of the Norfolk
and Portsmouth Belt Line RR. Co., the remaining seven-eighths being owned equally by the
seven other railroad companies having terminals on the Elizabeth River. The several
companies named arc operated as independent organizations, and separate statements for
them will be found elsewhere in the MANUAL (see GENERAL INDEX). The Southern Ry. Co.
and the Atlantic Coast Line RR. Co. own and use jointly the Union Passenger Station at
388
POOR'S MANUAL OF RAILROADS SOUTH ATLANTIC GROUP.
Columbia, S. C., constructed by the Columbia Union Station Co., and opened for operation
Jan. 15, 1902. The Union Passenger Station at Savannah, G;i., o|><-nfd for operation
May 25, 1002, is owned and used jointly by the Southern Ry. Co., the Atlantic Coast Line
RR. Co. and the Seaboard Air Line RR.
9. Statement of operations, income and capital accounts for seven years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
Average Milrs Unrated. . .
4.573.80
6,580.382
8,583,217
4,805.75
6,846,566
8,941,793
4,827.22
6,975,536
9,627,681
5,254.05
8,277.352
10,969,005
6,306.12
9,787,143
12,989,996
6,424.94
10,395,169
12,229,526
0.743.01
11.730,345
13,713,086
Freight Train Mileage . .
Total Revenue Train Mileage . .
Total Engine Mileage
15,163,599
19,373,429
4,139,473
2,50,205,340
7,941,980
1,239,686,022
15.788,359
19,834,545
4,057,327
203,763,405
7,904,706
1,324,015,178
16,603,217
20,584.933
4,200.347
220,599,274
8,554,012
1,436,673,635
I9.24i1.357
24,246,279
5,118,011
311,020,836
10,220,200
1,771,925,333
22,777,139
30,100,477
6,691,958
329,394,119
13,590,353
2,294,257,940
22,624,695
30,232,161
7.437,404
370,424,273
14,121, IS]
2.344,053.449
25,449,431
33,953.107
8,611,069
427,841,247
IO.S11.53H
2,678.308,627
9.601.360
24,!»42,4ffl
3,168,428
Pimyii^rm Carried
Freight (ton) Mileage
Earnings — Passenger
5,287,914
12,055,240
1,739,093
$
4,832,848
12,386,901
1,859,751
$
5,394 518
13,679.164
2,022,156
S
7,083,253
16,099,293
2,171,140
1
7,737,454
21,006,730
2,456,686
$
8,818,287
22,929,4%
2,912,699
Freight
Other
Total Earnings
19,082,247
13,451,448
19,079,500
13,233,156
21,095,838
14,501,864
25,3-53,686
17,356,355
31,200,870
21,831,447
34,660,482
24,343,625
37,712,248
26,846,837
5,630,799
188,508
5,846,344
286,832
6,593974
348,378
7,997,331
328,469
9,369,423
318,805
10,316,857
498,706
10,865,411
824,509
Other Receipts
Net Income
Interest on Bonds
5,819,307
3,743,305
1,475,965
44,459
6,133,176
4,074,244
1,537,990
75,022
*
6,942,352
4,974,143
888,625
72,571
*
8,325,800
5,221,504
985,749
24,028
*
9,688,22S
5,304.679
1,450,762
15,535
(3) 1,800,000
10,815,563
5,768055
1.413,241
93,767
(4) 2,400,000
11,689,920
6.380,362
1,453,252
255,409
1. ">) 3,000.000
Other Charges
Preferred Dividends
Total Payments
5,262,829
556,478
4,17208
2,94098
1,231 10
70. 49 p. c.
2.113c.
0.972 c.
2,944.14
3,454.83
2,753.14
038
355
157
19,457
287
S
120,000,000
.54,300,000
5.687,256
445,920
3,970 14
2,75361
1,21653
69.35 p. c.
2.372c.
0.936 c.
2,941.64
3,492.19
2,787.02
640
355
156
19.118
318
S
120,000,000
54.300,000
5,935,339
1,007,013
4,272 32
2,936 91
1,33541
68.41 p. c.
2.317 c.
0.931 c.
3,568.18
4,299.42
3,419.72
686
390
179
21,162
392
S
120,000,000
57,290,400
6,231,281
2,094,519
4,714 77
3,22759
1,487 18
68.46 p. c.
2.232 c.
0.899 c.
3,579.43
4,314.00
3,469.46
764
463
197
23,912
468
S
120,000,000
60,000,000
8,570,976
1,117,252
4,947 71
3,461 94
1,48577
69.98 p. c.
2.349 c.
0.916 c.
3,618.36
4,426.49
3,543.25
797
484
202
27,368
604
S
120,000,000
60,000,000
9,675,063
1,140,500
5,24) 97
3,681 67
1,56030
70.23 p. c.
2.326 c.
0.936 c.
4,360.26
5,360.13
4,274.95
915
542
228
33,056
691
1
120,000,000
1X1,000,000
•i.vio.!«X)
124,581,700
25,552,200
8,503,510
10.042,829
4,037,254
11,089,023
600,897
5.592 29
3,981 08
1,61121
71. 19 p. c.
2.244 c.
0.931 c.
4,375.12
5,418.05
4,336.66
937
543
226
34,684
746
S
120,000,000
60,000.000
4,932,600
129,231,900
25, 140.000
7,497,738
9,339,274
0..-.10.895
Balance, Surplus
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile ...
Expenses to Earnings
Aver. Rate per Pass, per Mile . .
Aver. Rate per Ton per Mile
Miles of RR. Owned
Miles of Track Owned
Mile* of Steel Rail. . .
Locomotive*
Passenger Cars
Baggage, etc., Cars. . .
Freight Care.
Service Cars
Common Stock
Preferred Stock
M. & O. Stock Trust Ufa
Funded Debt . .
7<l,344,500
24,147,800
709,928
4.943,229
1,452,223
80,660,500
25,711,000
809,526
1,703,787
4,139,830
101,236,000
12,850,000
1,260,218
5,803,283
1,4.54,952
103,932,300
21,508,000
3,251,632
7,845,076
2,366,564
104,970,266
25,952,200
4,937,193
9,380,525
3,510,702
Leasehold Securities .
Sundry Liens
I'rnfit and Low . . .
Total Liabilities
Road and Equipment
284,897,680
262,994,431
15,126,898
1.743,524
5,032,827
287,324,643
265,600,700
16,031,769
957,950
4,734,224
299,894,853
275,856,170
10.fX;x,20l
1,078,539
6,891,943
318,903,572
286,948,102
21,496,277
1,193,873
9,265,320
328,750,820
294,098,423
21,921,372
2,202,221
10,528,804
358,214,393
307,773,075
35,538,760
1 ,785,812
13,117,246
362,652,407
309,62''.. 17S
39.752.1 i;j
11,139,878
Other Investments. .
Materials and Supplies. .
Cash and Other Assets....
Total Assets.
284,897,680
287,324,643
299,894^13
318,903,572
328,750,820
£58,214,393
31.2,652,407
•Ten dividends were paid on the preferred stock during the period covered by the statement, as
follows: Jan. 4, 1897, 1 p. c., $543,000; Jan. 20, 1898, 1 p. c., $543,000; Jan. and Oct., 1899, 1
p. c. each, $1,172,904; Jan. and Oct., 1900, li p. c. each, $1,800,000; April and Oct.. 1901, 2 p. c.
each, $2,400,000 ; April and Oct., 1902, 21 p. c. each, $3,000,000. The dividends paid In years pre-
vious to 1900 were charged to Profit and Loss Account.
POOR S MANUAL SOUTHERN RY. CO.
i>a. Earnings and Expenses, Supplementary Statement, year ending June 30,
1903, and comparison with year ending June 30, 1902. — Gross earnings — 1903, $42,354,-
(>:>!!. 7<>; 1902, $37,988,198.75; increase, $4,365,861.01. Expenses and taxes — 1903, $30,-
!>S!i.i:;ii.S8; 1902, $27,090,431.71; increase, $3,892,708.17. Xet earnings, 1903, $11,364,-
919.88; 1902, $10,891,767.04; increase, $473,152.84.
1O. General Balance Sheet, June 30, 1902.
CREDIT.
Capital Stock- Common $120,000,000.00
Preferred .,-. 60,000,000.00 — $180.000,000.00
Mobile & Ohio Stock Trust Certificates 4,932,600.00
Funded Debt Outstanding. (See details in Sec. 13) 129,231,900.00
Outstanding Securities of Leasehold Estates (see details in Sec. 16; 25,140,000.00
Equipment Notes of Old Companies or their Receivers:
South Carolina and Georgia RR 1 1,233.73
Louisville, Eyansville & St. Louis Consolidated RR 34,989.03 — 46,222.76
Equipment Obligations of Southern Ry. Co. :
Miscellaneous Equipment Obligations Unmatured 493,874.88
Southern Ry. Car Trust Series A 2,337,000.00
Southern Ry. Equipment Trust Series B 2,220,000.00— 5,050,874.88
Certificates of Indebtedness:
Account purchase South Carolina and Georgia RR. Stock and Northern
Alabama Ry. Bonds and Stock 600,000.00
Account of Extensions Carolina Midland Ry 500,000.00
Account Construction Ensley Southern Ry 240,000.00
Is-ned May 1, 1901 (see Sec.' 20) 900,000.00— 2,240,000.00
Unpaid Balance of Purchase Price of Northeastern RR. of Georgia 107,000.00
Unpaid Balance on Real Estate 50,000.00
Equipment of Roswell RR 3,640.00
Total Capital, Funded and Lien Liabilities $346,802,237.64
Reserve Funds: For .Maintenance of Way, $303,055.08; Maintenance of
Equipment, $331,700.97; Insurance, $255,075.89; Miscellaneous,
$543,737.23 1,433,569.17
Sundry Accounts 121,629.30
Interest and Rentals Accrued, not Due 776,711.49
Taxes Accrued, not Due 439,960.79
Current Liabilities:
Interest and Rentals Due and Unpaid, including amount due July 1 .... 2,147,799.84
Audited Vouchers 2,209,749.34
Unpaid Wages, including June Pay Rolls 1,310,644.85
Foreign Freight Claims; Authorities Issued 62,858.04
Due Other Transportation Companies '..'. 519,253.74
Due Individuals and Companies 317,097.51— 6,567,403.32
Profit and Loss ( 6,510,894.88
Total Liabilities $362,652,406.59
DEBIT.
Cost of Road— Southern Ry. Properties to June 30, 1901 $263,608,278.65
Current New Construction, year 1901-1902 838,582.36
$264.446,861.01
Less Sundry Adjustments 29,361,34 — 264,417,499.67
Cost of Road— Leasehold Estates 23.749,267.31
Cost of Equipment- Equipment Owned June 30, 1901 12,780,164 18
New and Additional Equipment, year 1901-1902. . . . 414,181.99
E. T. V. & G. Trust Paid off 225,000.00
Add Sundry Adjustments 1,675.30— 13,421,021.47
Trust Equipment Received with Purchased Properties 1,593,142.00
Southern Ry. Miscellaneous Trust Equipment ' 493,874.88
Southern Ry. Trust Equipment, Series A 2,337,000.00
Southern Ry. Trust Equipment, Series B 2,220,000.00
Equipment Leasehold Estates 1,390,732.69
Equipment Roswell RR 3,640.00
Total Cost of Road ($288,166,766.98), and Equipment ($21,459,411.04) $309,626,178.02
Cost of Securities — Pledged under 1st Consol. Mtge 13,696,290.56
Pledged under Memphis Division 1st and 2d Mtges. . . . 700,001.00
Pledged to secure Southern Ry. Certificates of Indebt-
edness and Southern Ry. Collateral Trust 4 p.c.Bds . 10,634,514.76
Pledged to secure South. "Ry. M. & O. Collateral Mtge.
Bonds 7,949,000.00
Pledged to secure South. Ry. M. & O. Stock Trust
Certificates 4,932,600.00
U. S. Bonds Deposited under North Carolina RR. Lease 182,750.00
Securities in Treasury Unpledged, held for Control or
as Muniments of Title 1,656,915.59— 39,752,071.91
Materials and Supplies on Hand 1,923,181.95
Rails and Fixtures— Leased 211,096.59 — 2,134,278.54
Total Capital Assets $351,512,628.47
254
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Brought Forward.— (Total capita! assets)
Southern Ry. Co. Consolidated Mortgage Bonds in Treasury
Miscellaneous Securities Owned, in Treasury Unpledged
Hills Receivable — Deferred but Secured
Insurance Paid, Not Accrued
Sinking Funds — Uninvested Balances in Hands of Trustee* . .
Insurance Fund
Sundry Accounts
Advances to Subsidiary Companies
Income Accrued, Not Due
Current Assets— Cash in Hands of Treasurer and in Hands of Fin. Agents
Cash in Transit from Agencies
Due from Agents and Conductors
Due from United States Post-Office Department
Due from Other Transportation Companies
Due from Individuals and Companies
Bills Receivable — Current
$3,281,875.74
688,516.97
766,769.61
416,412.49
646,190.02
695,419.69
88.S60.43—
$351,512,528.47
1.535.000.00
1,795,178.12
194.130.85
8.563.71
128,656.63
255,000.00
194,033.08
329,284.11
105,986.67
6,594,044.95
Total Assets
$362,652,406.59
lOa. Dividends. — Dividend No. 9 on preferred stock, 2i/2 p. c., was paid in April,
1902, from the net profits of the half year ending Dec. 31, 1901. Dividend Xo. 10 on
preferred stock, also 2ys p. c. (making 5 p. c. for the year) was paid on Oct. 31, 1902, from
the net profits of the half year ending June 30, 1902.
11. Capital Stock. — The amount of capital stock authorized is as shown on the General
Balance Sheet. Preferred stock is entitled to dividends at the rate of 5 p. c. a year, non-cumulative.
No additional mortgage can be put upon the property, nor can the authorized amount of the preferred
stock be Increased, without the consent in either case of a majority in amount of the preferred
stockholders. By act of the Legislature of Virginia, effective Jan. 23, 1900, the company may at
any time, by majority vote, reduce its common stock to $60,000,000.
12. VotiiiK Tnmt. — In the plan of reorganization it was provided that both classes of the
capital stock, except enough shares to«qualify directors, should be deposited in a voting trust until
the company should have paid in one year, in cash, dividends of 5 p. c. on the preferred stock. That
rate was paid In 1902 (2J p. c. in April and 2J p. c. in Oct.), but before the latter half yearly pay-
ment was made the owners of a majority of each class of the capital stock assented to an extension
of the voting trust until Oct. 15, 1907, or until such day thereafter as the owners of a majority of
the assented stock shall, by vote on the date of any annual election for directcirs of the company, fix
as the date for the termination of the agreement ; without prejudice, however, to the continuing
right of the voting trustees. In their discretion, to terminate the trust at any time. Certificates of
beneficial Interest, representing the ownership of the shares and entitling the holders to any divi-
dends declared, are outstanding in lieu of the stock deposited. The voting trustees are J. P. Mor-
gan, Charles Lanier and George F. Baker.
13. Funded Debt. — The funded debt on June 30, 1902 — total, $129,231,900 as per general
balance sheet — consisted of the several issues of bonds listed in the following statement. Addi-
tional particulars respecting any Issue will be found in the paragraphs relating thereto appended
to the statement :
$2,000,000 C. & G. RR. 1st 6s of Jan. 1, 1916.
3,106,000 E. T., V. & G. 1st gold 5s of July 1, 1930.
12,770,000 E. T..V. & G. con. gold 5s of Nov. 1. 1956.
1,000,000 Ala. Cent. RR. 1st gold 6s of July 1, 1918.
5,660,000 Ga. Pac. Ry. 1st gold 6s of Jan. 1, 1922.
69,000 G. P. Ry. equip, sink, fund gold 5s.
2,000,000 K. & O. RR. 1st gold 6s of July 1, 1925.
1,000,000 S., U. & C. RR. 1st gold 4s of Jan., 1995.
600,000 Va. Mid. Ry. series A 6s of Mar. 1, 1906.
1,900,000 Va. Mid. Ry. series B 6s of Mar. 1, 1911.
1,100,000 Va. Mid. Ry. series C 6s of Mar. 1, 1916.
950,000 Va. Mid. Ry. series D 5s of Mar. 1, 1921.
1,775,000 Va. Mid. Ry. series E 5s of Mar. 1, 1926.
1,310,000 Va. Mid. Ry. series F 5s of Mar. 1, 1931.
4,859,000 Va. Mid. Ry. gen. 5s of May 1, 1936.
294,400 Ch. & Rap. RR. 1st 6s of July 1. 1913.
1,500,000 Atl. & Yad. 1st gold 4s of April 1, 1949.
$36,465,000 1st consol. gold 5s of July 1, 1994.
4,500,000 E. Tenn. Reorg. gold 5s of Mar. 1, 1938.
5,083,000 Memphis Div. 1st gold 4s of July 1, 19%.
1,500,000 Memphis Div. 2d gold 5s of July 1, 1996.
150,000 Aiken Br. 1st gold 4s of July 1, 1998.
11,260,000 St. Louis Div. 1st gold 4s of Jan. 1, 1951.
7,949,000 Mob. & Ohio coll. gold 4s of Sept. 1, 1938.
4,000,000 Collateral Trust gold 4s of Dec. 1, 1906.
6,997,000 R. & D. RR. con. gold 6s of Jan. 1, 1915.
3,368,000 R. & D. RR. debent. 5s of April 1, 1927.
490,000 R. & D. eq. s. f. gold 5s of Sept. 1, 1909.
1,026,000 W., O. & W. RR. 1st 4s of Feb. 1, 1924.
400,000 R., Y. R. & C.RR. 1st ext. 5s of Jan.,1910.
600,000 R., Y. R. & C. 2d ext. 4Js of Nov., 1910.
160,000 A., T. & O. RR. 1st 6s of April. 1913.
2,531,000 W. N. C. 1st con. gold 6s of July 1, 1914.
1,480,600 C., C. & A. 1st ext.gold 6s of July 1, 1909.
600,000 C., C. & A. RR. 2d gold 7s of Oct.. 1910.
First Consol. Mtge. Bonds. — These are authorized to the amount of $120,000,000, and of the
$83,535,000 of bonds unissued on June 30, 1902, $11,942,300 were held for extensions, additions,
and betterments; $68,870,700 for the retirement of prior liens; $5,700,000 for the acquisition of
the stocks of the North Carolina RR. Co., and the Atlanta and Charlotte Air-Line Ry. Co., and the
remainder for the retirement of equipment obligations and for other purposes. Of the $36,465,000
issued up to June 30, 1902, $2,790,000 represented bonds free in the treasury, the amount actually
outstanding being $33,675,000. The bonds are secured by a direct mortgage on all lines owned by
the company, as well as on Its leasehold estates, etc., and by pledge of bonds and stocks of the par
value of $19,148,825, the details of which are shown in Sec. 18. The mortgage securing these bonds
is now a direct first lien on 609.34 miles of road, as follows : Clarksville to Durham, N. C., 56.8 m. ;
Oxford to Henderson, N. C., 12.72 m. ; Greensboro to Wilkesboro, N. C., 100.15 m. ; Statesville to
Taylorsville, N. C., 20 m. ; Atlanta to Fort Valley, Ga., 102.3 m. ; Mobile June, to Birmingham June.,
Ala., 34 m. ; Gurnee June, to Blocton, Ala., 14.30 m. ; Rome to Attalla, Ala., 61.3 m. ; Marion
June, to Akron, Ala., 53 m. ; Knoxville to Maryville, Tenn., 16 m. ; Clinton to Harriman June.,
Tenn., 30.6 m. ; Brlceville to Panola, Tenn., 3.7 m. ; Oliver Springs to Big Mountain, Tenn., 3.26
m. ; Rogersvllle June, to Rogersville, Tenn., 16 m. ; Johnson City to Embreeville, Tenn., 13 m. ;
Knoxville, Tenn., to Cumberland Gap, Ky., 62.36 m. ; the Knoxville Belt Line, 5.85 m. ; and exten-
sion from Round Hill to Bluemont. Va.. 4m. It is also practically a first lien on the following-
POOR'S MANUAL — SOUTHERN RY. CO. 255
named railroads by virtue of the pledge of all of the mortgage bonds outstanding secured by first
liens thereon ; Danville and Western Ry., 75 m. ; Elberton Air-Line RR., 50.6 m. ; High Point.
Randleman, Asheboro and Southern RR., 26.8 m. ; North Carolina Midland RR., 53.55 m. ; South-
ern Ry. In Ky., 123.2 m. ; Yadkin RR., 41 m. — total, 370.15 miles.
East Tennessee Reorganization Bonds. — Secured by a lien on certain parts of the lines of rail-
way formerly of the East Tennessee, Virginia and Georgia Ry. Co., identical in terms with but less
in amount than the lien of $6,000,000 former Improvement and Equipment bonds of the East
Tennessee, Virginia and Georgia Ry. Co., for which they were substituted pursuant to the plan of
reorganization. They also constitute a lien prior to that of the Southern Ry. 1st consolidated mort-
gage on $561,200 of the capital stock of the Knoxville and Ohio RR. Co. and on the $2,656,525 capi-
tal stock of the Memphis and Charleston RR. (See statement of securities deposited under the 1st
consolidated mortgage.)
Memphis Division First Mtge. Bonds. — Secured by first mortgage on the 257 miles of the old
Memphis and Charleston RR. In Alabama and Tennessee, together with appurtenances, etc., and by
pledge of a separate bond of $900,000, resting as a first lien on the 35 miles within the State of
Mississippi, together with 1,000 shares of the capital stock of the Memphis and Charleston Ry. Co.
(in Mississippi), the direct owner of that section of the line. The amount of bonds authorized to
be issued under this mortgage is $8,000,000, of which $1,417,000 are reserved to be issued at a rate
not exceeding $100,000 per annum for future improvements upon the Memphis Division ($100,000
of these bonds have been issued since June 30, 1902, increasing the amount outstanding to $5,183,-
000) and $1,500,000 are reserved solely for the construction, if determined upon, of a line of rail-
way between Stevenson, Ala., and Chattanooga, Tenn., replacing the trackage now used over the
Nashville, Chattanooga and St. Louis Ry. If not used for this purpose, the $1,500,000 of bonds can
not be issued. All of the bonds are to bear interest at the rate of 4J p. c. per annum until July 1,
1906, and 5 p. c. per annum thereafter.
Memphis Division Second Mtge. Bonds. — Secured on the same property as the 1st mtge. bonds,
but subject in lien thereto. .The total authorized issue is $2,500,000, bonds amounting to $1,000,-
000 being reserved for improvements or for the purchase of additional property. The $1,500,000
shown in the statement of funded debt have not been sold, but are pledged as security for the
$1,000,000 certificates of indebtedness issued on account of the purchase of the Memphis and
Charleston RR. (See General Balance Sheet.)
Aiken Branch Bonds. — These bonds are secured by mortgage upon the line from Aiken to Edge-
field, S. C., 23.58 miles.
St. Louis Division Bonds. — Secured by first mortgage on the railway, real estate, and franchises
of the St. Louis Division lying within the State of Illinois, and on the equipment and personal prop-
erty formerly of the Louisville, Evansville and St. Louis Consolidated RR. Co., also by deposit of
$999,300 capital stock and a $5,000,000 1st mtge. bond of the Southern Ry. Co. of Indiana. The
amount of bonds authorized to be issued under this mortgage is $15,000,000, of which $2,750,000
are reserved for additions and improvements or for the construction or acquisition of branches or
extensions, not more than $500,000 thereof to be issued in any one year. The remaining $1,000,000
bonds are to be issued only for the construction of a line or portions of a line to overcome the high
grades of the line for about 75 miles west from New Albany, Ind.
Mobile and Ohio Collateral Bonds. — Secured by the deposit of an equal amount of gen. mtge.
bonds of the Mobile and Ohio RR. The balance of the authorized issue of $9,500,000 is reserved
for the acquisition of the outstanding balance of gen. mtge. bonds of the Mobile and Ohio RR. Co. Pro-
vision is made in the trust indenture for a sinking fund under which the bonds may be retired before
their maturity, but only whenever and to the same extent as Mobile and Ohio gen. mtge. 4 p. c.
bonds (which may have been pledged as security under the trust indenture) are retired under the
sinking fund provision in the general mortgage of the Mobile and Ohio RR. Co.
R. & D. RR. Consol. Mtge. Bonds. — Secured on the line from Richmond to Danville, Va., and
branches, 146 miles. The trustee holds as collateral security for these bonds, $500,000 1st mtge.
bonds and $500,000 2d mtge. bonds of the Piedmont RR. Co.
R. & D. RR. Debenture Mtge. Bonds. — These are a lien subsequent to the consolidated mortgage
of 1915 on the main line and branches of the R. & D. RR.
R. & D. RR. Equipment Mtge. Bonds. — It is provided that the company shall pay to the trustee
on each interest day a sum equal to 4J p. c. of the principal of bonds previously issued, whether any
shall have been redeemed or not, and so much of this sum as is not required to pay interest is to be
used in redeeming outstanding bonds at par and accrued interest.
Washington, Ohio and Western First Mtge. Bonds. — Secured on the line from Alexandria to
Round Hill, Va., 50 miles. The amount shown in the statement of funded debt, $1,025,000, does
not include $221,000 owned by the Southern Ry. Co. and pledged under the 1st consolidated mort-
gage (see Sec. 18).
Richmond, York River and Chesapeake Bonds. — These are secured in the order of their priority
on the line from Richmond to West Point, Va., 39 miles, and constitute liens prior to that of the
Southern Ry. 1st consolidated mortgage on $125,100 of the capital stock of the Chesapeake Steam-
ship Co. (see Sec. 18).
Atlantic, Tennessee and Ohio Bonds. — Secured by first mortgage on the line from Charlotte to
Statesville, N. C., 45.91 miles.
Western North Carolina Bonds. — Secured by first mortgage on the line from Salisbury to Paint
Rock, N. C., 184.9 miles.
Charlotte, Columbia and Augusta Bonds. — Secured in the order of their priority on the line
from Charlotte, N. C., to Augusta, Ga., 190.53 miles. Interest is payable in gold. Respecting the
due date of the Charlotte, Columbia and Augusta 2d mtge. bonds, referred to in the MANUAL for
1900, page 392, it is authoritatively stated that the Southern Ry. Co. will recognize as the due date
of the bonds, Oct. 1, 1910, as shown on the face of the bonds and by the coupons, instead of Oct. 1,
1902, as stated in the recorded mortgage.
Columbia and Greenville Bonds. — Secured on the line from Columbia to Greenville, S. C., 143.50
miles, and branches, 21.48 miles — total, 164.98 miles.
East Tenn., Virginia and Georgia First Mtge. Bonds. — Secured by first mortgage on the line
from Bristol, Tenn., via. Chattanooga, Tenn., and Rome, Ga., to Selma, Ala., about 550 miles.
Ease Tenn., Virginia and Georgia Consol. Mtge. Bonds. — Secured on the entire property of the
old E. T., V. & G. Ry. Co., including its interest in the Knoxville and Ohio and Memphis ana
Charleston RR. Cos. (see Sec. 22).
Alabama Central Bonds. — Secured by first mortgage on the line from Lauderdale Miss., to
Selma, Ala., 95 miles.
Mill's MANTAI, OK HAILROADS SOUTH ATLANTIC GROUP.
Georgia Pad/If Bond*. — The 1st mtge. 6s are secured on the line from Greenville, Miss., to At-
lanta. Ga.. und brunt hfs. a total of about 655 miles. The equipment sinking fund bonds have been
called for redemption since the close of the fiscal year.
KH..JI i//.- and Ohio Bonds. — Secured by first mortgage on the line from Knoxville to Jellico,
Tenn.. 65.3 miles.
Sfartanbnry, Union and Columbia Bonds. — Secured by first mortgage on the Ashcville and
Spartunbunc Ky., 133.9 miles. The Southern Ry. Co. guarantees the interest but not the principal
of these bonds.
Vin/iniii Midland Serial Bonds. — The 1st series is secured by a 1st lien on all lines between
Alexandria and Qordonsville, including the lease of the Charlottesville and Rapidan KH. ; the 2d
series by a 2d lien on the same lines, and a 1st lien on the line between Charlottesville and Lynch-
burg ; the 3d series by a 3d Hen on lines between Alexandria and Gordonsville, and a 2d lien be-
tween Charlottesville and Lynchburg ; the 4th series by a 4th lien on lines between Alexandria and
Gordonsville, and a 3d lien between Charlottesville and Lynchburg ; the 5th series by a 5th lien on
lines between Alexandria and Gordonsville, a 4th lien between Charlottesville and Lynchburg, and
a l«t Hen on the road from Manassas June, to Harrlsonburg ; the 6th series by a 1st lien on the road
between Lynchburg and Danville, including Pittsville Branch and lease of Franklin and Pittsylvanla
KH., and a 6th lien on the lease of the Charlottesville and Rapidan RR.
Virginia Midland Gen. Mtge. Bonds. — Secured on the entire property formerly of the Virginia
Midland Ry. Co. These bonds are a direct obligation of the Southern Ry. Co. A sufficient amount
of them Is reserved for the retirement of the serial bonds.
Ckarlottesville and Rapidan Bonds. — Secured by 1st mortgage on 28.22 miles of the Alexandria-
Greensboro line, from Charlottesville to Orange, Va. The road is leased by the Southern Ry. Co.
at a rental of $35.300 per annum. Part of this rental Is annually applied to the retirement of the
bonds, the capital stock being retired simultaneously therewith. On Jan. 1, 1914, the bonds and the
stock will have been retired and the road will be merged into the Southern Ry. In the meantime it
Is necessary to preserve the corporate existence of the C. & R. RR. Co.
Atlantic and Yadkin Bonds. — Secured by first mortgage on the Atlantic and Yadkin Ry., 166.22
miles. The bonds are guaranteed, principal and interest, by the Southern Ry. Co., the guaranty
being endorsed on each bond.
14. -<nit h«-rii-l.oiii.-\ !!!«• & Nil >li \ i I Ir. Motion Collateral, Joint Gold BondH. —
After June 30, 1902, $11,683,000 of 4 p. c. 50-year joint bonds of this company and the Louisville
and Nashville RR. Co. were Issued in payment for $3,800,000 of the preferred stock and $9,696,900
of the common stock of the Chicago, Indianapolis and Louisville Ry. Co. on the terms stated in Sec.
4. The authorized issue of these joint bonds is $15,500,000, of which bonds amounting to $13,390,-
000 were set aside to acquire the $5,000,000 preferred stock and the $10,500,000 common stock of
the Chicago, Indianapolis and Louisville Ry. Co., while the remaining $2,110,000 were reserved for
the betterment, improvement and enlargement of that company's property. The bonds reserved
for betterments, etc., are to be issued under carefully guarded restrictions and at not exceeding the
rate of $500.000 a year. The bonds are secured by deposit cf the shares against which they were
issued, those shares being owned one-half each by the Southern Ry. Co. and the Louisville and
Nashville RR. Co. Each of the companies named is liable for one-half of the bonds, principal and
Interest, and each of them must bear one-half of all other obligations imposed by the indenture
under which the bonds were issued. Should either company default in its obligations to the other
in respect of the bonds, the deposited stock belonging to the defaulting company shall be-
come the property of the company not in default, which thenceforth shall become liable in
severally upon all covenants contained in the bonds. It Is provided that the C., I. & L. Ry. Co.
shall not execute or Issue any bonds except for the refunding of Its existing obligations, or for the
acquisition of additional property, or for betterments, improvements or other lawful purposes, and
that no proceeds of any bonds to be issued by the C., I. & L. Ry. Co. shall be used to pay any part of
the Joint bonds unless all such joint bonds shall then be paid. The bonds may be called for redemp-
tion on any 1st of Jan. or 1st of July after Jan. 1, 1907, at 105 p. c. and accrued interest ; but not
less than $1,000,000 shall be called at any one time, nor shall any of the registered bonds be called
until all the coupon bonds have been redeemed or called for redemption. The bonds may be issued
either In coupon or registered form, coupon bonds to be of the denomination of $1,000, and regis-
tered bonds In denominations of $1,000, $5,000, $10,000 or multiples of $10,000. Coupon bonds
may be registered as to nfincipal alone or may be exchanged for fully registered bonds. Principal
and Interest are payable Tn gold, free of all taxes. Trustee and registrar of bonds : Standard Trust
Co.. New York. N. Y.
15. Sinking Fnnd* — After the retirement of the Georgia Pacific equipment bonds there
remain only two Issues with sinking fund features — the Richmond and Danville RR. equipment
Rlnking fund 5 p. c. mtge. bonds and the Charlottesville and Rapidan RR. 1st mtge. 6 p. c. bonds.
The operations of the sinking funds, it is expected, will retire the former in 1905 and the latter in
1913.
1O. OutntandlnK Securities of Leasehold Entatea. — The following is a statement in
detail of the $25,140,000 outstanding on June 30, 1902., as per general balance sheet (additional
particulars are in the separate statements for the respective leased lines and in the Ready Reference
Bond List — see General Index) :
1500,000 A. A C.A.-L.Ry. 1st pr. 4s of 1907,lnt.A.&O.
4,250,000 A. £ C. A.-L. Ry. 1st 7s of 1907, int. J. & J.
760,000 A. & C.A.-L.Ry.ext.lnc. 4s of 1907. int. A. &O.
1,700.000 A. & C. A.-L. Ry. stock, 6 p. c. dlv. M. & 8.
4,000,000 No. Car. Ry. stock, dividends, J. & J
1,660,000 Oa. Mid. Ry. 1st gold 3s of 1946, int. A.& O.
6,250,000 3. C. A Oa. RR. 1st 5s of 1919, int. M. & N.
$100,000 Sum. & Wat. Riv. 1st 5s of 1919, int.A.fi O
600,000 Mob. & Blrm.prior lien 5s of 1945, int.J.&J
1,200,000 Mob. & Birm. 1st 4s of 1945, int. J. & J.
900,000 Mob. & Birm. RR. pref.stock, div. J. & D.
315,000 Rich. & Meek. 1st 4s of Nov. 1, 1918.
3,925,000 Atl. & Dan. Ry. 1st 4s of 1948, int. J. & J.
IT. Equipment Obligation* of Southern Ry. Co. — The outstanding equipment obliga-
» created by the Southern Ry. Co. represent unmatured balances on contracts covering the fol-
equipment : 3.481 freight cars received during fiscal year 1900, 3,469 freight cars received
thte fl'Jlr?! IPSL^SlPiS^8! 're'*ht car* received during fiscal year 1902, 292 freight cars duo
year not yet delivered, 50 passenger cars received during fiscal year 1901. 43 passenger
iRcal year 1902 83 locomotives received during fiscal year 1901 and 35 loco-
5 wVta* Thl£\ i J£ flBCaI,/ear 192S The «">*""* «>st of this equipment was $9,683,827.69.
SB oM 874 SH .. ~ en P?'K ?"M 8u°' 1902> W.632,952.81, leaving an unmatured balance of
»o.OD0.874.88, as per general balance sheet. Equipment trust, series B, dated Oct. 1, 1901. covers
Railroad Map of Florida.
American Bank Note Company
(.CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANQUAQE
COPYRIGHT. 1803. BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1903.
FLORIDA.
Railroad Map of Florida.
Tf MONEY QUESTION
A HANDBOOK FOR THE TIMES
Author of " Money and its Laws," " Resumption and the Silver Question,'
41 Twenty-two Years of Protection," "Poor's Manual of the
Railroads of the United States," etc., etc.
C/ofA. Price j/.SO
What Is Money?
Function of Governments in the Matter of
Metallic Money.
Metallic Money of the United States.
Symbolic Money — Banks of Issue.
Savings Banks.
Money by Law.
Bank of the United States.
Overthrow of the Bank and the Inflation of
the Currency.
Change of Standards. Acts of J834 and J837.
Debasement of the Silver Currency. Act of
J853.
Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency*
TABLE OF CONTENTS.
United States Notes.
United States Safety-Fund Banking System.
Gold Certificates.
Act
Demonetization of the Silver Dollar,
of J873.
Remonetization of Silver.
Act of J890.
Position of the Late Administration.
The Sound Money "Wing of the Democracy.
The Free Coinage Democracy.
Position of Present Administration.
Bi-metallism.
The Remedy.
NOTES AND ILLUSTRATIONS.
The Silver Recoinage in England.
Paper Money in France — The Mississippi Scheme.
Adam Smith.
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POOR'S MANUAL — SOUTHERN RY. CO.
257
10 passenger locomotives, 25 freight locomotives and 3,375 freight cars. The total cost of this
equipment was $3,002,336.50, of which $602,336.50 was paid in cash ; equipment trust obligations
were issued for the remaining $2,400,000. These obligations bear interest at the rate of 4 p. c. per
annum and are payable in semi-annual installments, the last one due Sept. 30, 1908.
17a. Late Equipment Trunts. — Since June 30, 1902, two equipment trust agreements
have been made with Blair & Co., of New York, N. Y., one of them, designated Series "C," covering 89
. locomotives, 2,500 drop-bottom gondola cars, 500 ventilated box cars, and 200 ballast cars, and the
other one, designated Series " D," covering 147 locomotives, 500 ventilated box cars, and 200 drop-
bottom gondola cars. The consideration named in agreement Series "C," is $4,144,396, of which
$944,396 to be paid in cash and $3,500,000 in fourteen semi-annual installments, the first installment
to be $223,000, and the rest, $229,000 each. Each installment is evidenced by promissory notes of
$1,000 each, dated Dec. 1, 1902, and bearing interest at the rate of 4 p. c. per annum to the date
of payment thereof, such interest being payable on the 1st of June and Dec. The consideration in
agreement Series " D " is $3,235,175, of which $757,175 is to be paid in cash and the balance,
$2,478,000 in $1,000 bonds, to be paid in fourteen semi-annual installments of $177,000 each,
with interest at the rate of 4 p. c. per annum from the date of the bonds, May 1, 1903, to the date
of their payment, such interest being payable on the 1st of May and Nov.
18. Securities Pledged Under 1st Consol. Mtge.— Statement showing as of June
30, 1902, the securities owned by the Southern Ry. Co., and by it pledged under its first
consolidated mortgage deed:
Railroad Stocks. Par Value.
Ala. Gt. South. Ry. Co., Ltd., Class "A"$l,725,000 00
Ala. Gt. South. Ry. Co., Ltd., Class "B" 4,540,050 00
Atlantic & Yadkin Ry. Co 999,300 00
High Point R., A. & S. RR. Co 212,50000
Knoxville & Ohio RR. Co •1.111,30000
Mobile & Birm. RR. Co., Common 880,400 00
Mobile & Birm. RR. Co., Preferred 20,50000
North Carolina Midland RR. Co 787,600 00
Ore Belt RR. Co 30,000 00
Southern Ry. Co. in Kentucky 998,20000
Yadkin RR. Co 462,75000
No. Car. Midland RR. Co. 1st Mtge. 6s.. 801,000 00
Piedmont RR. Co. 1st Mtge. 6s t500,000 00
Piedmont RR. Co. 2d Mtge. 6s fBOO.OOOOO
So. Ry. Co. in Kentucky 1st Mtge. 5s. . 3,000,000 00
So. Ry. Co. in Mississippi 1st. Mtge. 5s. 200,000 00
Western No. Car. RR. Co. 1st Mtge. 6s. 1,325,000 00
Wash., Ohio & West.RR.Co.lst Mtge.4s. 225,000 00
Yadkin RR. Co. 1st Mtge. 6s 615,000 00
Total Bonds $10,124,275 00
Other Securities.
Chesapeake SS. Co.Cert.of Indebt'ness. 250,000 00
Chesapeake SS. Co., Capital Stock £400,000 00
Total Other Securities $650,00000
Grand Total of Securities $22,541,875 00
Total Stocks $11,767,600 00
Railroad Bonds.
Ala. Cent. RR.Co.Inc. Bonds and Scrip. $1,355,275 00
Danville & Western Ry.Co. 1st Mtge.5s. 1,051,000 00
Blberton Air Line RR. Co. 1st Mtge. 7s. 150,000 00
High Ptv R..A.& S.RR.Co., 1st Mtge. 6s. 402,000 00 Book Valuation, as per Bal. Sheet $13,696,290 56
•Of this amount, $561,200 is held by the Central Trust Co. of New York, as trustee, under the
consolidated mortgage of the East Tennessee, Virginia and Georgia Ry. Co., and the mortgage of the
Southern Ry. Co. known as the " East Tennessee Reorganization Mortgage " ; so that only $550,100
is directly pledged under the first consolidated mortgage.
fThese bonds are not pledged directly under the first consolidated mortgage, but are held by the
Central Trust Co. of New York as security under the prior lien of the consolidated mortgage of the
Richmond and Danville RR. Co.
^Subject to the prior lien mortgages of the Richmond, York River and Chesapeake RR. Co. as to
$125,100 of this amount.
19. Treasury Securities.— Statement of "Securities in Treasury Unpledged," held
for control or as muniments of title, June 30, 1902:
Railroad Stocks. Par Value.
Alabama Gt.So.Ry.Co.Ltd. — Class "B" $65,50000
Atlantic & Yadkin Ry. Co 70000
Asheville & Spartanburg RR. Co 1,047,98183
Augusta & Summerville RR. Co 50,000 00
Blue Ridge Ry. Co 100,000 00
Gin., New Orleans & Tex. Pac. Ry. Co. 11,100 00
Central Ry. Transfer & Storage Co 25,000 00
Danville & Western Ry. Co.. . .'. 368,600 00
Danv., Mocksv. & Southw. RR. Co 50,200 00
Elberton Air Line RR. Co 90,25000
Georgia Midland Ry. Co 1,000,00000
Hartwell Ry. Co 20,00000
Knoxrille & Ohio RR. Co 7,00000
Lawrenceville Branch RR. Co 7500
Mobile & Birming. RR. Co. — Common. 4,60000
Northern Alabama Ry. Co 46,90000
Richmond & Mecklenburg RR. Co 300,00000
South Carolina & Georgia RR. Co 13,00000
Southern Ry. Co. in Kentucky 1,80000
State University RR. Co 16,800 00
Spartanburg, Union & Colum. RR. Co. 1,000,000 00
Southern Ry. Co. of Illinois 3,000,00000
Railroad Bonds. Par Value.
Blue Ridge RR. Co. 5 p. c. 1st Mtge... $100,00000
Franklin & Pitts.RR.Co. 6 p.c. 1st Mtge. 74,500 00
Hartwell Ry. Co., 5 p. c. 1st Mtge 20,000 00
Lawrencev. Br. RR.Co., 7 p.c. 1st Mtge. 30,000 00
Total Bonds , $224,500 00
Other Securities.
East Tennessee Telegraph Co. Stock. . $1,750 00
Southwestern Construction Co. Stock. . 16,600 00
Miscellaneous 1,204,99065
Total Other Securities $1,223,34065
Grand Total of Securities $8.667,347 48
Total Stock $7,219,506 83 Book Valuation, as per Bal. Sheet.$l,656,915 59
2O. Certificates of Indebtedness.— The following statement shows in detail the cer-
tificates of indebtedness outstanding on June 30, 1902, and on Feb. 1, 1903:
258
POOR'S MANUAL OF RAILROADS — SOUTH' ATLANTIC GROUP.
IMOB
8«m-AvNDAi. INSTALLMENTS
TOTAL OUTSTANDING
Amount
Payable
Final
Payment
June 30,
1902
March 1.
1903
South Carolina A Georgia & N. Alabama puroh..
$
300,000
250,000
120,000
300,000
May & Nov.
Jan. & July
Mch. A Sept.
May & Nov.
May 15, 1903
Jan. 1, 1903
Mch. 15, 1903
Nov. 1, 1903
600,000
500.000
240.000
900,000
1
300,000
120,000
600,000
May 1 1901 .
Total* . • , - -
970.000
2,240,000
1.020,000
21. Unpaid Balance of Purchase Price of Northeastern RR. of Ga. — The total
purchase price was $307.000, of which $100,000 was paid at the time of purchase (Nov. 1, 1899),
and $100.000 on Nov. 1, 1900 ; the remaining $107,000 will be due on Nov. 1. 1914, with interest In
the meantime at 31 p. c. per annum, payable seml-annually. The company has the right to antici-
pate the payment of the deferred installment on the due date of any semi-annual interest payment.
22. RAILROADS OWNED, LEASED OB CONTROLLED BY THE SOUTHEBN RY. Co., AND THE
RESULTS FROM THE OPERATION OF WHICH ABE INCLUDED IN THE ACCOUNTS OF
THAT COMPANY.
The publication of separate statements for the following railroads is discontinued for the reason
that the Southern Ry. Co. owns all of their capital stocks and has assumed such of their bonded debts
as it does not own. They are practically merged into the Southern Ry.
Mileage.
$
Atlantic 4 YadkinRy 166.22
Char. 4 Rapidan RR 28.22
Hberton Air Line RR 50.60
Knoxville 4 Ohio RR 69.32
N. 4 a Carolina RR 4.62
Capital
Stock.
I
1.000,000
100,000
196,100
1,122,200
50,000
Funded
Debt.
$
1,500,000
310,200
150,000
2,000,000
Mileage.
$
Sievern 4 Knoxville RR 17.44
Southern Ry. in 111 154.77
Southern Ry. hi Ind 211.37
Southern Ry. in Ky 122.83
Southern Ry. in Miss 238.87
Funded
Debt.
I
dpital
Stock.
I
1,140,000
3,000,000
999,300 5,000,000
1,000.000 3,000,000
50,000 200,000
The bonds of the Atlantic and Yadkin Ry., Charlottesville and Rapidan RR. and Knoxville and
Ohio RR. are outstanding in the hands of the public and are described in Sec. 13.
ATLANTA AND CHARLOTTE AIR-
LINE RY — Atlanta, Ga.. to Charlotte, N. C.,
268.17 m. ; total track, 340.02 miles. Rail (steel;
268.17 m.). 60. 76 and 80 Ibs.
HISTORY. — Organized Feb. 27, 1877, as succes-
sor to the Atlanta and Richmond Air-Line Ry.
Co. (see Manual for 1894, page 750). Operated by
the Southern Ry. Co. under a contract between
this company and the Richmond and Danville
RR. Co., dated April 1, 1881, and to endure for
99 years. The Southern Ry. Co. acquired the
rights of the R. & D. RR. Co. under said contract
by virtue of its purchase of the property and
franchises of the R. & D. RR. Co. at foreclosure
sale in June, 1894. Under the terms of the oper-
ating contract dividends are to be at the
rate of 6 p. c. a year if gross earnings fall to or
below $1,500,000 a year, 6 p. c. a year on gross
earnings of from $1,500,000 to $2,500,000, and 7 p.
c. If gross earnings exceed $2,500,000 in any year.
INCOME ACCOUNT. — Rental, 1901-1902: Inter-
est on bonds, $347,600 ; dividends of 7 p. c. on
stock, $119,000; organization expenses, $4,000 —
total, $470,600.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $1,700,000; funded debt (see details
in Sec. 13), $5,500,000 — total, representing cost of
property, $7,200,000.
CORPORATE OFFICERS. — Charles S. Fair-
child, Pres. ; Wm. N. Wilmer, Sec. ; Qeo. Sher-
man, Treas., New York, N. Y. Office, 49 Wall
St., New York, N. Y.
ATLANTIC AND DANVILLE RY West
Norfolk to Danville, Va.t 206.10 m. ; James River
June, to Claremont, Va. (3-ft. gauge), 50.49 m. ;
Portsmouth to Shoulders Hill, Va., 10.02 m. ;
Hitchcock June, to Hitchcock Mills, Va., 8.33 m. ;
Buffalo June, to Buffalo Lithia Springs, Va., 3.90
m. ; North and South Carolina RR. (leased), 4.62
m. — total. 282.16 m. ; total track (steel; 35 to 60
Ibs.). 315.41 miles.
ROLLING STOCK. — Locomotives, 26; passen-
ger train cars, 21 ; freight train cars, 824 ; road
cars, 14.
HISTORY. — Reorganization, Aug. 2, 1894, of the
Atlantic and Danville Ry. Co. (See MANUAL for
18%, page 164.) Leased to the Southern Ry. Co.,
for 50 years, from July 1, 1899, at a fixed rental of
$127,000 a year for the first two years (ended
July 1, 1901), $167,000 a year for the next three
years (ending July 1, 1904), $188,000 a year for
the following five years (ending July 1, 1909),
and $218,000 a year thereafter. If the company
Issues the $500,000 of bonds reserved for additions
to the property, as hereinafter shown, the fixed
rental will be increased $20,000 annually. Also,
the lessee agrees to pay the same rate of divi-
dends on the common stock as may be paid on
Its own common stock. The lease Is renewable
forever in periods of 99 years.
FINANCIAL STATEMENT, June 30, 1902. —
Capital stock (common), $2,180,800; the preferred
stock has been retired. Funded debt, $3,925,000
1st gold 4s of July 1, 1948. The authorized issue
of the bonds is $4,425,000; the remaining $500,000
will be issued on the request of the lessee, but
only for additions to the property.
CORPORATE OFFICERS. — B. Newgass, Pres..
London, Eng. ; Charles O. Halnes, Vlce-Pres. ;
Adam Treadwell, Sec. & Treas., Norfolk, Va. Of-
fice, Norfolk, Va.
FRANKLIN AND PITTSYLVANIA RR.
— Pittsville to Rocky Mount, Va., 29.9 m. ; total
track, 30.35 miles. Rail (steel, 9.56 m.), 66 Ibs.
HISTORY. — Chartered March 12, 1878; opened
May 1, 1880. Leased to the Southern Ry. Co. for
a term of years ending May 1, 1914, the lessee to
pay from gross earnings interest on bonds and
sinking fund of 1 p. c. per annum, the remainder
of gross earnings to be applied to reimbursement
of lessee for expenses of operating ; any surplus
after the payment of expenses, interest, and sink-
ing fund to be applied to interest and principal
of the $200,000 stock bonds.
ROLLING STOCK. — Locomotives, 2. Combina-
tion car, 1.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $200,000; funded debt (1st 6s of
July 1, 1913). $100.000; unpaid coupons, $38,500 —
total. $338.500. Contra: Cost of road, $300,000;
current assets, $38,600 — total, $338,600. The
Southern Ry. Co. owns $74,600 of the bonds.
POOR'S MANUAL SOUTHERN RY. SYSTEM.
259
CORPORATE OFFICERS. — E. W. Saunders,
Pres. ; O. H. Price, Sec. Office, Rocky Mount, Va.
GEORGIA MIDLAND RY Columbus to
McDonough, Ga., 97.88 m. ; total track ( steel,
97.88 m.), 107.97 miles. Rail, 56 and 65 Ibs.
HISTORY. — Chartered March 27, 1896, as suc-
cessor to the Georgia Midland and Gulf RR. Co.
(See MANUAL for 1896, page 212.) Leased to the
Southern Ry. Co. for 99 years from July 1, 1896,
at a rental equivalent to 3 p. c. per annum on
$1,650,000 1st mtge. bonds, besides $2,500 yearly as
rental for terminal property in Columbus.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $1,000,000. Funded debt (1st gold
3s of April 1, 1946), $1,650,000. The Southern Ry.
Co. owns all the capital stock.
CORPORATE OFFICERS.— S. Spencer, Pres. ;
R. D. Lankford, Sec., New York, N. Y. ; H. C.
Ansley. Treas. ; A. H. Plant, Aud., Washington,
D. C. Office, Columbus, Ga.
HIGH POINT, RANDLEMAN, ASHBORO
AND SOUTHERN RR High Point to Ash-
bo ro, N. C., 26.80 miles.
BALANCE SHEET, June 30, 1902. — Capital
stock, $250,000 ; funded debt, $402,000 ; current
liabilities, $264,021 — total, $916,021. Contra : Cost
of road, $652,523 ; profit and loss, $263,498 — total,
$916,021.
The Southern Ry. Co. owns $212,500 of the capi-
tal stock and the entire bonded debt.
CORPORATE OFFICERS. — A. B. Andrews,
Pres. ; H. W. Miller, Sec., Raleigh, N. C. ; H.
C. Ansley, Treas., Washington, D. C.
LOCKHART RR Lockhart June, to Lock-
hart, S. C., 13.81 m. ; total track (steel, 10.65 m.).
14.49 miles. Rail, 50 Ibs.
HISTORY. — Chartered Oct. 23, 1899 ; road
opened in Dec., 1899. Operated by the Southern
Ry. Co., since May 28, 1900, under a lease for 20
years. Equipment and superstructure supplied
by the lessees.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $25,000. Cost of road, $25,000.
CORPORATE OFFICERS. — John C. Cary. Pres.
& Treas. ; W. K. Livingston, Sec., Lockhart, S. C.
Office, Lockhart, S. C.
MOBILE AND BIRMINGHAM RR Mo-
bile to Marion June., Ala., 148.55 m. ; total track
(steel, 148.55 m.), 169.15 miles. Rail — iron, 61
Ibs. ; steel, 56 and 60 Ibs.
HISTORY. — Chartered July 2, 1895, as succes-
sor to the Mobile and Birmingham Ry. Co. (See
Manual for 1895, page 918.) Leased to the South-
ern Ry. Co., for 99 years from March 1, 1890, at
a rental equivalent to the interest on the bonds
and dividends on the preferred stock, at the rate
of 1 p. c. for the first year, 2 p. c. for the second
year, 3 p. c. for the third year, and 4 p. c. for
the fourth (ending June 30, 1903) and succeeding
years.
ROLLING STOCK. — Locomotives, 13 ; passen-
ger train cars, 12 ; freight cars, 308.
FINANCIAL STATEMENT. — Capital stock
($900,000 common, $900,000 preferred ; $100 shares),
$1,800,000; funded debt ($600,000 prior lien and
$1,200,000 1st gold 5s of July 1, 1945), $1,800,000 —
total, representing cost of property, $3,600,000.
Capital stock authorized consists of $1,000,000 com-
mon stock and $1,000,000 preferred stock.
CORPORATE OFFICERS. — Thomas G. Bush.
Pres., Birmingham, Ala. ; H. C. Ansley, Treas.,
Washington, D. C. ; H. Hammond, Sec., Birming-
ham, Ala. ; A. H. Plant, Aud., Washington, D. C.
R. D. Lankford, Transfer Agt., 80 Broadway, New
York, N. Y.
NORTH CAROLINA RR Goldsboro', N. C.,
to Charlotte, N. C., 221.65 m. ; Caraleigh Junction
to Caraleigh Mills, 1.9 m. — total, 223.55 m. ; total
track (steel, 223.55 m.), 299.45 miles. Rail. 50 to
80 Ibs.
HISTORY. — Chartered Jan. 27. 1849; road
opened Jan. 30, 1856. Leased to the Southern Ry.
Co., for 99 years from Jan. 1, 1896, at a rental
(after Jan. 1, 1902) of $280,000 a year.
BALANCE SHEET, June 30, 1901 (latest ren-
dered).— Capital stock ($100 shares), $4,000,000;
current liabilities, $133,008 ; profit and loss, $984,-
579 — total, $5,117,587. Contra : Cost of road, $4,-
975,627 ; securities owned, $5,000 ; cash and cur-
rent assets, $136,960 — total, $5,117,687.
The State owns $3,000,000 of the stock, and pri-
vate stockholders $1,000,000.
CORPORATE OFFICERS. — John S. Armstrong,
Pres., Wilmington, N. C. ; Spencer B. Adams,
Sec. & Treas., Burlington, N. C. Office, Burling-
ton, N. C.
RICHMOND AND MECKLENBURG RR.
— Keysville to Clarksville, Va., 31.30 m. ; total
track (steel, 31.30 m.), 33.44 miles. Rail, 56 Ibs.
HISTORY. — Chartered Feb. 21, 1880; road
opened in 1882-83. Cars — baggage, etc., 1 ; freight
(box, 2; flat, 3; coal, 6), 11 — total, 12. Leased to
the Southern Ry. Co. for 50 years from Nov. 1, 1898,
at a rental equivalent to the interest on the bonds.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $357,900; funded debt (1st gold
4s of Nov. 1, 1948), $315,000; current liabilities,
$2,440 — total, $675,340. Contra : Cost of road, etc.,
$591,382 ; current assets, $2,440 ; profit and loss,
$81,518 — total, $675,340.
The Southern Ry. Co. owns $300,000 of the capi-
tal stock.
CORPORATE OFFICERS. — Thomas W. Joyce,
Pres. ; W. S. Townsend, Sec. & Treas., New York,
N. Y. Office, Clarksville, Va.
SOUTHERN RY., CAROLINA DIV
Hardeeville to Cayce, S. C., 128.82 m. ; Perry to
Sievern, S. C., 7.94 m. ; Charleston, S. C., to
Augusta, Ga., 136.91 m. ; Branchville to Columbia,
S. C., 67.1 m. ; Kiugville, S. C.. to Marion, N. C.,
208.4 m. ; Sumter Junction to Sumter, S. C., 15.81
m. ; Blacksburg to Gaffney, S. C., 10.5 m. ; Alston
to Spartanburg, S. C., 68 m. ; Spartanburg Junc-
tion, S. C., to Biltmore, N. C., 65.9 m.— total,
709.38 m. ; total track (mpstly steel ; 56 to 75 Ibs.),
844.60 miles.
HISTORY. — Consolidation, effective July 1,
1902, of the South Carolina and Georgia RR. Co.,
the South Carolina and Georgia Extension RR.
Co., the Asheville and Spartanburg RR. Co., and
the Carolina Midland Ry. Co., all of which were
controlled by the Southern Ry. Co. The property
of the Sumter and Wateree River RR. Co., in-
cluding the line from Sumter Junction to Sum-
ter, was acquired by deed dated Dec. 31, 1902.
FINANCIAL STATEMENT. — The line from
Alston to Spartanburg, S. C., 68 miles, and from
Spartanburg Junction, S. C., to Biltmore, N. C.,
65.9 miles, is covered by $1,000,000 1st mtge. 4 p. c.
gold bonds of the former Spartanburg, Union
and Columbia RR. Co., due Jan. 1, 1995. The
lines from Charleston, S. C., to Augusta, Ga.,
136.91 miles, from Branchville to Columbia, S.
C., 67.1 miles, and from Kingville to Camden, S.
C., 37.1 miles, are covered by $5,250,000 1st mtge.
5 p. c. gold bonds of the South Carolina and
Georgia RR. Co., due May 1, 1919. The line from
Blackville to Sievern, S. C., 30 miles, is covered
by $9,500 1st mtge. 6 p. c. bonds of the former
Blackville, Alston and Newberry RR. Co., due
Feb. 15, 1908. The line from Sumter Junction to
Sumter, S. C., 15.81 miles, is covered by $100,000
1st mtge. 6 p. c. bonds of the Sumter and Wateree
River RR. Co., due April 1, 1919. On July 1. 1902,
the company made a mortgage, covering its en-
tire property to secure an Issue of 50-year 4 p. c.
gold bonds for an amount not exceeding $18,000,-
000. Of these bonds, $5,000,000 have been issued
to the Southern Ry. Co. to reimburse it for cash
outlays in the previous purchase of the proper-
ties covered by the mortgage ; $6,359,500 are re-
served to retire, at or before their maturity, the
outstanding bonds of the Spartanburg, Union and
Columbia RR. Co., South Carolina and Georgia
RR. Co., Blackville, Alston and Newberry RR.
Co., and Sumter and Wateree River RR. Co., as
above, and tha remaining bonds are to be used,
under specified restrictions, in providing for im-
provements, equipment, and extensions, $4,000,000
thereof being specifically reserved for the con-
struction or acquisition of a northwestern exten-
260
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC
sion into and through the States of South Caro-
lina. North Carolina. Virginia, Tennessee, and
Kentucky. All the capita) stock of the company
is owned by the Southern Ry. Co.
CORPORATE OFFICERS. — A. B. Andrews,
Pres. ; H. W. Miller, Sec., Raleigh, N. C. ; H. C.
Ansley, Treas.; A. H. Plant, Aud., Washington,
D. C. Office, Raleigh, N. C.
STATE UNIVERSITY RR. — University to
Chapel Hill, N. C., 10.20 m. ; total track (steel,
7.60 m.), 10.86 miles. Rail, 56 Ibs.
HISTORY. — Chartered April 12, 1879; road
opened about Jan. 1, 1882. Controlled by the
Southern Ry. Co., through ownership of $16,-
800 of the capital stock.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $31,300; current accounts.
$100,9"; — total, $132,237. Contra: Cost of road,
$31,660 ; profit and loss, $100,577 — total, $132,237.
CORPORATE OFFICERS. — A. 1J. Andrews,
Pres. ; H. W. Miller, Sec., Raleigh, N. C. ; H.
C. Ansley, Treas. ; A. H. Plant, Aud., Washing-
ton, D. C. Office, Raleigh, N. C.
YADKIN RR Salisbury to Norwood, N. C.,
41 miles.
BALANCE SHEET, June 30, 1902. — Capital
stock $625,000; funded debt, $615,000; current lia-
bilities, $500,452 — total, $1,740,452. Contra: Cost
of road, $1,254,894 ; profit and loss, $485,558 — to-
tal, $1,740,452.
The Southern Ry. Co. owns $462,750 of the capi-
tal stock and the entire funded debt.
CORPORATE OFFICERS. — A. B. Andrews,
Pres. ; H. W. Miller, Sec., Raleigh, N. C. ; H. C.
Ansley, Treas., Washington, D. C.
23. OPERATED BY THE SOUTHERN RY. Co. UNDER AGREEMENT.
ROSWELL, RR. — Chamblee to Roswell, Ga.,
9.80m. Gauge, 3 ft. Rail (steel, 0.42 m.), 60 Ibs.
HISTORY. — Chartered Apr. 10, 1863, road opened
Sept. 1, 1881. The company has an agreement
with the A. & C. A.-L. Ry. whereby it is allowed
25 p. c. of gross revenue accruing to the A. & C.
A.-L. on traffic interchanged ; this amount being
applicable only toward payment of coupons or
the purchase and redemption of the bonds. The
coupons and bonds thus purchased become the
property of the A. & C. A.-L. The operations of
the road are included in the accounts of the
Southern Ry. Co.
ROLLING STOCK. — Locomotive, 1 ; passenger
car, 1 ; freight cars, 6.
BALANCE SHEET, June 30, 1902. — Capital
stock, $40,000; funded debt (1st 7s of July 1, 1900),
$35,000; other liabilities, $17,055 — total, $92,055.
Contra : Cost of road, etc., $81,296 ; bonds in
hands of trustees, $2,500 ; current accounts. $6,986 ;
profit and loss, $1,273 — total, $92,055.
The Southern Ry. Co. owns $20,100 of the capi-
tal stock.
CORPORATE OFFICERS. — A. B. Andrews,
Pres. ; H. W. Miller, Sec., Raleigh, N. C. ; H. C.
Ansley, Treas. ; A. H. Plant, Aud., Washington,
D. C. Ofiice, Richmond, Va.
24. Board of Directors, Southern Ry. Co., elected October 16, 1902.
First Class— Till Oct., 1903.
Alex. B. Andrews.Raleigh, N. C.
Joseph Bryan . . Richmond, Va.
Sam'l. M. Inman.. Atlanta, Ga.
R. M. Gallaway.New York.N. Y.
Second Class — Till Oct., 1904.
Adr. Iselin, Jr. New York, N. Y.
Charles Lanier..
E. D. Randolph
J. T. Woodward
Third Class — Till Oct., 1905.
H.C.Fahnestock. NewYork.N.Y.
W. W. Finley, Washington.D.C.
Sam'l. Spencer.. New York, N.Y.
Charles Steele "
SAMUEL SPENCER, President ......... ... 80 Broadway, New York, N. Y.
A. B. Andrews, 1st V ice-President .................... Raleigh, N. C.
W. W. Finley, 2d Vice-President ................... Washington, D. C.
3d Vice-President .
John M. Gulp, 4th Vice- President
C. H. Ackert, Gen. Mgr. (except of St. L.-Louisv. Lines) . . "
Henry B. Spencer, Gen. Mgr., St. Louis- Louisville Lines . . St. Louis, Mo.
Gfe«. Counsel. — Francis L. Stetson, New York.N.Y. I Treasurer. — H. C. Ansley Washington, D. C.
Secretary. — R. D. Lankford " " I Auditor. — A. H. Plant
PRINCIPAL OFFICE AND ADDRESS Richmond Yu.
Operating Office 1300 Pennsylvania Ave., Washington, D. C.
Executive Office 80 Broadway, New York, N. Y.
RAILROADS CONTROLLED BY THE SOUTHERN RY. CO., BUT OPERATED
INDEPENDENTLY.
AUGUSTA SOUTHERN BE,.— Augusta to Tennille, Ga., 82.5 m.; total track
(steel; 56 Ibs.), 87.64 miles. Gauge, 4 ft. 9 in.
History. — Reorganization, April 4, 1893, of the Augusta, Gibson and Sandersville
RR. Co. (see MANUAL for 1899, page 463). Leased in perpetuity, March 1, 1897, to the
South Carolina and Georgia RR. Co. (sec MANUAL for 1901, page 384). The road was
operated by the Southern Ry. Co., under the lease of the South Carolina and Georgia RR.,
from May 1, 1899, to April 25, 1901, but on the latter date the lease of this road to the
South Carolina and Georgia RR. Co. was annulled and the property was surrendered to
the Augusta Southern RR. Co.
Financial Statement. — Capital stock (common, $400,000; preferred, 7 p. c. non-
cumulative, $350,000), $750,000. The Southern Ry. Co. owns a majority of the capital
stock. Funded debt ( 1st gold 5s of Dec. 1, 1924) , $400,000.
POOR'S MANUAL SOUTHERN RY. SYSTEM. 261
Officers.— H. McWHORTER, Pres., Atlanta, Ga.; W. W. Finley, Vice-Pres.; C. H.
Ackert, Gen. Mgr.; A. H. Plant, Aud.; H. C. Ansley, Trees., Washington, D. C. GENERAL
OFFICE, Augusta, Ga.
BLUE RIDGE BY.— Owned: Anderson to Walhalla, S. C., 34.02 m.; total track
(steel, 34.02 m.), 37.35 miles. Leased: Southern Ry., Anderson to Belton, S. C., 9.98 m.;.
total track (steel, 10.44 m.), 10.94 miles. Gauge, 4 ft. 9 in. Rail, 50 and 56 Ibs.
History. — Chartered in 1852, as Blue Ridge RR. Co. in South Carolina; road opened
in 1861. The State of South Carolina supplied the principal means for constructing the
road, the cost of the work, including the unfinished sections west of Walhalla, being about
$2,100,000. The company is controlled by the Southern Ry. Co. through ownership of its
stock and its bonds. The Anderson Branch is leased from the Southern Ry. Co., the lease
being terminable on thirty days' notice.
Rolling Stock, June 30, 1902.— Locomotives, 3. Cars— passenger, 2; combination,
3; baggage, mail and express, 1 — total, 6.
Operations, 9 months ending June 30, 1902.— Trains run (passenger, 25,181; mixed,
21,300), 46,481 miles. Passengers carried, 42,042; carried one mile, 589,023. Tons freight
moved, 71,348; ton-miles, 1,138,435. Earnings (passenger, $16,518; freight, $42,815^
other, $4,004), $63,337. Operating expenses, $52,786. Net earnings, $10,551. Payments:
Interest on bonds, $5,000; taxes, $1,941 — total, $6,941. Surplus, $3,610.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000;
funded debt (1st gold 5s of 1951), $100,000; current liabilities, $31,655; taxes accrued,
not due, $1,154; other liabilities, $17,591 ; profit and loss, $3,610 — total, $254,010. Contra:
Cost of road and equipment, $211,600; leased equipment, $6,100; cash and current assets,
$30,252 ; other assets, $6,058 — total, $254,010.
Directors. — H. C. Beattie, Greenville, S. C.; A. B. Andrews, H. W. Miller, Raleigh,
S. C.; B. L. Abney, Columbia, S. C. ; Fairfax Harrison, Washington, D. C. OFFICERS:
H. C. BEATTIE, Pres., Greenville, S. C.; H. W. Miller, Sec., Raleigh, N. C.; A. H. Plant,
Aud.; H. C. Ansley, Treas., Washington, D. C. GENERAL OFFICE, Anderson, S. C.
DANVILLE AND WESTERN RY.— Owned: Stokesland, Va., to Stuart (Pat-
rick C. H.), Va., 70 m. ; Leaksville June, to Leaksville, N. C., 8 m. — total, 78 m. ; total
track (steel, 71 m.), 80 miles. Trackage Rights: Southern Ry., Danville to Stokesland,
Va., 5 miles. Total operated, 83 miles. Gauges, 3 ft. and 4 ft. 8^ in. Rail — iron, 35 Ibs.;
steel, 53 Ibs.
History.— Reorganization, Jan. 14, 1891, of the Danville and New River RR. Co. The
Danville, Mocksville and Southwestern RR. Co. was absorbed on March 1, 1899. (See
MANUAL for 1899, page 461.) The line from Danville to Martinsville, 43 miles, was
widened to the standard gauge in March 1902.
Rolling Stock, June 30, 1902. — Locomotives, 8. Cars — passenger, 11; baggage, etc.,
3; freight (box, 29; stock, 3; flat, 21), 53; service, 5 — total, 72. One locomotive and
two box cars have been added since June 30, 1902.
Operations, year ending June 30, 1902.— Trains run (passenger, 41,515; freight,
124,543; other, 16,516), 182,574 miles. Passengers carried, 41,589; carried one mile,
1,206,081. Tons moved, 56,272; ton-miles, 1,913,248. Earnings (passenger, $29,180;
freight, $99,653; other, $8,377), $137,210. Operating expenses, $82,483. Net earnings,
$54,727. Payments: Interest on bonds, $52,600; on floating debt, $888; taxes, $5,176;
other charges, $43,878 — total, $102,542. Deficit, $47,815; deficit forward, $443,732; sun-
dry deductions during year, $600 — total deficit, $492,147.
Balance Sheet, June 30, 1902.— Capital stock paid in ($2,000,000 auth.; $100 shares),
$368,600; funded debt (1st 5s of Oct. 1, 1936), $1,052,000; loans and bills payable,
$31,462; current liabilities, $9,372; accrued interest, $533,600— total, $2,025,034. Contra:
Cost of property, $1,512,876; materials, etc., $1,037; cash, $14,514; current assets, $4,460;
profit and loss, $492,147— total, $2,025,034. All the stock, and practically all the bonds,
are owned by the Southern Ry. Co.
Directors.— A. B. Andrews, Raleigh, N. C.; J. H. Rangeley, Stuart, Va.; D. W.
Spencer, Spencer, Va. ; H. C. Lester, J. D. Sparrow, W. G. Lee, Martinsville, Va. ; R. L.
Dibbrell, J. G. Penn, R. A. Schoolfield, Danville, Va. OFFICERS: A. B. ANDREWS, Pres. ;
H. W. Miller, Sec., Raleigh, N. C.; J. A. White, Treas. & Gen. Supt.; J. M. Featherstou,
Aud., Danville, Va. GENERAL OFFICE, Danville, Va.
HARTWELL RY.— Hartwell to Bowersville, Ga., 10 miles. Rail (iron), 30 Ibs.
Gauge. :: ft. Reorganization, in Feb., 1898, of the Hartwell RR. Co. (See MANUAL for
ISO!), page 461). Locomotives, 2. Cars — combination, 2; freight (box, 8; flat, 4), 12 —
total, 14. The property is operated by T. J. Linder, of Hartwell, Ga., for a fixed rental,
262 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
under, a lease running 10 years from Feb. 19, 1898. Rental, year ending June 30, 1902,
$2,000. Paid interest on bonds, $1,000; dividends on stock (5 p. c.), $1,000 — total, $2,000.
Balance Sheet, June 30, 1902.— Capital stock, $20,000; funded debt (1st gold 5s of
March 1, 1928), $20,000; accrued interest, $333; profit and loss, $334 — total, $40,607.
Contra: Cost of road, $40,000; current accounts, $667 — total. $40,667. The stock and the
bonds are owned by the Southern Ry. Co.
Directors.— E. B. Benson, A. G. McCurry, Hartwell, Ga; AV. F. Bowers, Bowers-
ville, Ga. ; A. B. Andrews, Raleigh, N. C.; J. S. B. Thompson, Atlanta, Ga. OFFICERS:
A. B. ANDREWS, Pres.; H. W. Miller, Sec., Raleigh, N. C.; H. C. Ansley, Treas., A. H.
Plant, Awl., Washington, D. C. GENERAL OFFICE, Raleigh, N. C.
NORTHERN ALABAMA RY. -Sheffield to Parrish, Ala., 95.56 m.; Riverton
to Riverton June., Ala., 11 m. ; various branches to mines, 8.03 m. — total, 114.59 *n. ; total
track (steel, 128.56 m.), 136.29 miles. Gauge, 4 ft. 9 in. Rail, 56 and 75 Ibs.
History. — Successor, Dec. 1, 1895, to the Birmingham, Sheffield and Tennessee River
Ry. Co., whose property was sold under foreclosure, Sept. 16, 1895. ( S< „• MANUAL for
1895, page 216.) In May, 1899, the Southern Ry. Co. acquired a controlling interest in
this company.
Rolling Stock, June 30, 1902. — Locomotives, 10. Cars — passenger, 3; baggage,
etc., 2; freight (box, 21; flat, 28; coke, 54; coal, 354), 457; service, 26 — total cars, 488.
The box cars are leased.
Operations, year ending June 30, 1902. — Gross earnings (passenger, $48,383; freight,
$356,505; other, $3,273), $408,161. Operating expenses, $350,472. Net earnings. $57,689.
General Balance Sheet, June 30, 1902.— Capital stock paid in ($3,000,000 auth.;
$100 shares), $2,000,000; funded debt, $1,650,000; equipment notes, $9,639; current li;i-
bilities, $104,395; reserve for replacement of equipment, $50,697; reserve for maintenance
of way and structures, $31,806; profit and loss, $21,018— total, $3,867,555. Contra: Cost
of road and equipment, $3,725,533; other investments, $1,386; real estate, $553; ma-
terials, etc., $35,472; cash and current assets, $104,611 — total, $3,867,555.
Funded Debt. — The funded debt consists of 1st 5s of Jan. 1, 1926. Under a supple-
mentary mortgage made in 1898, $400,000 of the bonds were made prior in lien to the rest
of the issue.
Directors (elected Nov. 26, 1902).— A. B. Andrews, Raleigh, N. C.; Samuel Spencer,
R. D. Lankford, W. S. Townsend, New York, N. Y.; J. C. Maben, G. B. McCormack,
Birmingham, Ala.; R. T. Simpson, Florence, Ala. OFFICERS: SAMUEL SPENCER, Pres.,
New York, N. Y.; A. B. Andrews, 1st Vice-Pres., Raleigh, N. C.; W. W. Finley, 2d Vice-
Pres.; J. M. Gulp, 4tfc Vice-Pres.; C. H. Ackert, Gen. Mgr., Washington, D. C.; R. D
Lankford, Sec., New York, N. Y.; H. C. Ansley, Treas.; A. H. Plant, Aud., Washington,
D. C. GENERAL OFFICE, 80 Broadway, New York, N. Y.
ST. JOHNS RIVER TERMINAL CO.— Jacksonville to Grand Crossing, Fla., 6.39
m.; total track (steel; — Ibs.), 17.36 miles. Organized as of July 1, 1902, and acquired
the railroad mileage as above, together with wharves, terminal facilities, etc., from the
Atlantic, Valdosta and Western Ry. Co. Controlled by the Southern Ry. Co., through
ownership of entire capital stock.
Financial Statement, March 31, 1903,— Capital stock, $100,000. Funded debt:
$1.000,000 1st gold 4s of 1952, interest Jan. and July, in Washington, D. C.
Directors. — Not reported. OFFICKKK: E. C. LONG, Pres., Jacksonville, Fla.; H. C.
Ansley, Trras., Washington, D. C.; W. S. Townsend, Sec., New York, N. Y. GENERAL
OFFICE, Jacksonville, Fla.
ALABAMA GREAT SOUTHERN RAILWAY COMPANY, Limited.
(Controlled by Southern By. Co.)
History.— This is an English corporation, registered in London in Sept., 1877, to
acquire and operate the Alabama Great Southern RR. The Alabama Great Southern
RR. Co., an American corporation, represents the company in America, in order to comply
with the local State law. The Southern Ry. Co. owns a majority of each class of this
company's capital stock.
Revenue Account (English Co.), year ending June 30, 1902. — Received from Ameri-
can corporation — interest on debentures, £8,040; expenses and income tax (contra),
POOR'S MANUAL OP RAILROADS.
263
£0,354 15s. 4d. ; dividend on preference shares, less income tax (received, £31,775 5s. 8d. ;
receivable, £31,690 15s. 8d.), £63,466 Is. 4d.— total, £77,860 16s. Sd.
Payments: Interest on debentures, £8,040; expenses (directors' and auditors' fees,
£852 10s. ; salaries, rents, etc., £1,625 19s. 9d. ; depreciation of office furniture, £10 —
total, £2,488 9s. 9d., less transfer fees and interest on deposit at bankers, £36 11s. 3d.),
£2,451 18s. 6d. ; income tax, £3,902 16s. lOd. ; balance, applied to dividend on the 6 p. c.
"A" preference shares, £63,466 Is. 4d.— total, £77,860 16s. 8d.
General Balance Sheet (A. Gt. 8. Ry. Co.), June 30, 1902.
Stock American Co. Owned: £ ». d.
Ordinary £1,565,890
Preference $76070—2,241,960 0 0
Proceeds Sale Amer. Co. Shares 110 0 0
Debentures Am. Co. held by this Co 137,015 0 0
American Co. General Account 1,513 5 4
Office Furniture and Fittings 65 0 0
Cash on Hand and in Bank 3,501 8 0
Shares ($833,000 nominal) Southwestern
Construction Co 166,660 0 0
Revenue Account, for Dividend on Preference
Shares 31,690 15 8
Total Assets £2,582,515 9 0
Nominal Capital (£10 per share) : £
Ordinary £1,566,000
Preference 800,000—2,366,000
Less Pref . Sh. Unissued. .... 123,930—2,242,070
Debenture Bonds 134,000
Accrued Interest to Date 3,015— 137,015
«. d.
0 0
Sundry Creditors 3,732 5 8
Dividends and Debenture Interest Unpaid. . . . 1,347 7 8
American Co. Joint Account, for Shares
Southwestern Construction Co. 166,660 0 0
Revenue Account (Contra ) 31,690 15 8
Total Liabilities. .. ...£2,582,515 9 0
Funded Debt. — The debentures are for £100 each, Issued In Aug., 1886, due Aug. 16, 1906 ;
Interest 6 p. c. gold, payable in London, Feb. 15 and Aug. 15. They are exchangeable for any mort-
gage bonds issued after them.
Directors. — H. Doughty Browne, Augustus B. Abraham, E. A. Bonnor-Maurice, John
Douglas, Baron Emile B. D'Erlanger, Daniel Marks, W. M. Scrivener, London, Eng. ;
Samuel Spencer, Francis Lynde Stetson, New York, N. Y.
H. DOUGHTY BROWNE, Chairman of the Board London, Eng.
Auditors — Price, Waterhouse & Co... London.Eng. I Secretary — B. R. Tomlinson London, Eng.
OFFICE AND ADDRESS Princes St. Chambers, 2 Princes St., London, Eng.
ALABAMA GREAT SOUTHERN RAILROAD COMPANY.
(Controlled by Southern Sy. Co.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Directors and Officers 13
Earnings, Expenses, etc 6
Funded Arrears of Dividend 10
Funded Debt, Descriptfon of 9
Gen. Bal. Sheet, June 30, 1902 6
Gen. Bal. Sheet, 1896-1902 11
History 3
Income Acct, June 30, 1902. . 6
Investments 7
Mileage Operated June 30,1902 1
Operations and Inc., 1896-1902. 11
Rolling Stock 4
Subsid. Lines, Statements of 12
Trackage Rights 2
1 . Line of Road Owned.— Wauhatchie, Tenn., to Meridian, Miss 290.49 miles.
PROPRIETARY ROAD: Gadsden d Attalla RR.: Gadsden to Attalla, Ala 5.90 "
LINES USED UNDER TRACKAGE CONTRACTS (see Sec. 2) 13.02 "
LEASED ROAD: Belt By. of Chattanooga: In and around Chattanooga, Tenn.. 24.04 "
Total length of all lines operated, June 30, 1902 333.45 miles.
Ridings and spurs (owned, 78.39 m. ; leased, 18.90 m.), 99.27 m.; total track (owned, 374.78
m.; leased, 42.94 m.) 417.72 miles. Gauge, 4 ft. Sy2 in. Rail— iron, 56 Ibs.; steel (290.49
m.), 60 and 75 Ibs. *
2. Trackage Rights.— These consist of 5.01 m. of the N., C. & St. L. Ry., from
Chattanooga to Wauhatchie, Tenn., and 8.01 m. of the Tenn. C. I. & RR. Co.'s line, from
Woodstock to Blocton, Ala. Sidings and spurs used under trackage agreements, 21.53
miles.
•5. History. — Organized Nov. 30, 1877, to take over the property of the Alabama
and Chattanooga RR. Co., sold under foreclosure Jan. 22, 1877. The Gadsden and Attalla
RR. was acquired on April 22, 1892, by purchase of its stock and bonds. This company
controls the Belt Ry. Co., of Chattanooga, and leases that company's road for 50 years
from July 1, 1895, at a maximum annual rental of $15,960.
*• Rolling Stock, June 30, 1902. — Locomotives, 47. Cars — passenger, 28; combi-
M4
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
nation, 1; caf£ and parlor car, 1; baggage and mail, 14; freight (box, 479; flat, 256; stock,
15; coal, 1,343; dump, 116; fruit, 1,260; caboose, 18), 3,487; other, 30— total, 3,561. Of
this equipment, 12 locomotives and 250 box cars are held under equipment trusts.
5. General Income Account, year ending June 30, 1902.
EARNING*.
PaMenger
1900-01 1901-02
$512,27923 $611,68715
Freutht.
. 1,428.41899 1,598,31528
Mail and ExpKM
100.789 35 109,455 44
167.25121 167.99585
Totals
.. $2,198,73878 $2,487,45372
Averam wr Mile. . . .
7.KX123 8,03934
EXPENSES.
Maint. of Way and Structural. . . .
Maintenance of Equipment
Conducting Transportation
General and Taxes
1900-01 1901-02
$293,081 24 $378,279 .56
421,24592 438.25600
681.78091 788.21607
157,022 66 169,458 56
Totals $1.553,13073 $1,774.21019
Averages per Mile 5,01965 5.73417
Net earnings, 1901-02 (28.67 p. c.), $713,243.53; add interest on bonds Belt Ry. of
Chattanooga, $8,869.20; interest and commission, $2,694.49— total, $724,807.22. Deduc-
tions: Interest on 1st mtge. bonds, $104,940; on debentures, $39,074.40; on gen. mtge.
bonds, $127.818; rental (int. on 1st. mtge. bonds) Belt. Ry., $13,750; on 2d mtge. bonds
Belt Ry., $960; expenses of English Co., $11,916.36; English income tax, $18,967.81; ex-
change account, $1,547.92; dividends (6 p. c.) on preference stock, $185,436.69 — total,
$504,411.18. Surplus for year, $220,396.04.
Profit and LOSS Account, year ending June 30, 1902.— Balance, June 30, 1901,
$673,993.97; income balance June 30, 1902, $220,396.04; premium on sale C., N. O. & T. P.
Ry. pref. stock, $16,165.97 — total, $910,555.98. Contra: Dividends 4 p. c. on preferred
stock (less income tax), on account of unfunded arrears, $123,692.91. Balance June 30,
1902, $786,863.07.
5a. Earnings and Expenses, Supplementary Statement, year ending June 30,
1903, and comparison with year ending June 30, 1902. — Gross earnings — 1903, $2,749,-
818.41; 1902, $2,487,453.72; increase, $262,364.69. Expenses and taxes— 1903, $2,064,-
802.51; 1902, $1,774,210.19; increase, $290,592.32. Net earnings— 1903, $685,015.90;
1902, $713,243.53; decrease, $28,227.63.
' rfc*** fT^/^cTTT/cr w ffTTTT^rr^i'
6. General Balance Sheet, June 30, 1902.
Cost of Property $15,162,480 86
Investments 1,313,08592
Car Trust Equipment 156,609 17
Arrears of Dividend Suspense 258,83267
Stock of Material on Hand 180,53076
Insurance Funds in Hands of Trustees 4,72293
Reserve for Deferred Renewals 415,000 00
Sundry Accounts 4,42500
Current Assets 386,578 17
Cash on Hand and In Transit 369,838 50
Total Assets $18,252,10398
Ordinary Shares $7,830,00000
Preference Shares $4,000,000 00
Less Unissued 619,650 00—3,380,350 00
Funded Debt Outstanding 4,976,36000
Car Trust Notes 156,60917
Funded Arrears of Dividend 258,83267
Interest Accrued but not Due 25,304 40
Current Liabilities, inc. July Interest 316,156 97
Reserve for Taxes Accrued, not Due. 39,65082
Other Reserve Funds 173,194 24
Replacement of Rolling Stock Fund.. 308,78264
Profit and Loss 786,863 07
Total Liabilities $18,252,103 98
7. Investments. — The Item " investments " in above balance sheet consists of $833,300
stock of the Southwestern Construction Co. ; $315,233.63 bonds and stock of the Beit Ry. Co. of
Chattanooga; $15,000 stock and $100,000 bonds (par, $100,000) of the Oadsden and Attalla RR.
Co. ; $1,000 1st mtge. bonds of the company, and $63,552.29 miscellaneous investments — total.
$1,313,085.92.
8. Capital Stock. — The entire capital stock is owned by the Alabama Great Southern Ry.
Co., Limited, an English corporation, a statement for which follows.
». Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of $1,750,000
1st gold 68 of Jan. 1, 1908; $670,000 debenture 6s of Aug. 15. 1906, and £526,000 ($2,556,360)
gen. 5s of Dec. 1, 1927. The mortgage bonds are secured on the entire property of the company.
The debentures are all held by the Alabama Great Southern Ry. Co., Limited, of London. The au-
thorized issue of gen. mtge. bonds is £1,160,000 equivalent to $5,637,600. Of the £634,000 unissued,
bonds amounting to £484,000 are held in trust for the retirement of the 1st mtge. bonds and the
debentures.
1O. Fnnded Arrears of Dividend. — In 1888 power was obtained to offer holders the
option of funding their arrears of dividends on 65,548 shares of preference stock, and a total of £81,-
935 of dividend certificates were issued for that purpose, of which 35 p. c., or £28,677 5s., were re-
deemed In 1890 and 1891, leaving £53,257 15s. outstanding. These funded certificates bear 4 p. c.
Interest, and are to be redeemed by the appropriation of equal annual sums (payable only out of the
surplus net earnings, If any, remaining alter payment of the accrued dividends on the preference
POOH S MANUAL — ALABAMA GREAT SOUTHERN RR. CO.
265
shares and the interest on the certificates) sufficient to discharge the whole amount of the certificates
within a period of 10 years from Jan. 1, 1888. The certificates are registered in holders' names,
and are transferable by deed in any amount.
11. Statement showing operations, earnings, etc., for seven fiscal years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
309.86
309.86
309.86
309.86
309.41
309.41
30941
443,745
442,689
429,979
461,428
429,111
479,120
648 914
Freight Train Mileage
666,604
618,267
698,295
733,431
630,706
561,874
674,549
243,765
197,328
202,869
241,733
279,047
303,233
361 241
16,289,939
13,064,040
14,082,480
• 17,451,439
18,909,559
21,334,343
25,761,967
1,226,727
1,022,585
1,132,475
1,166,747
1,425,970
1,462,875
1 719 836
Freight (ton) Miles
164,929,090
$
1,634,093
152,053,424
$
1,605,546
171,603,979
1
1,741,934
176,003,005
$
1,816,523
201,576,235
S
2,092,448
200,175,197
$
2,198,739
221,245,845
$
2 487 453
1,133,212
1,103,041
1,182,904
1,246,185
1,455,824
1,553,131
1,774 210
500,881
502,505
559,030
570,338
636,624
645,608
713 243
5,911
5,511
7,358
7,080
11,821
13389
11 564
Available Revenue
506,792
508,016
566,388
577,418
648,445
658,997
724,807
261,310
271,884
271,862
271,832
271,832
271832
271 832
Rentil Belt Ry
4,125
8,250
11,000
11,000
13,750
13,750
14 710
17,018
17,960
17,587
19,412
22,712
27,249
32432
190,570
190,570
190,570
190,570
189,955
249,405
185437
+ 33,769
-f 19,352
-f- 75,369
+ 84,604
-1- 150,196
+ 96 761
+ 220 396
5,273 65
5,181 52
5,621 68
5,862 40
6,752 88
7,10623
8 039 34
1,61648
1,621 71
1,80414
1,84063
2,054 55
2,086 58
230517
Expenses to Earnings
Aver Rate per Pass, per Mile
69.35 p.e.
2.29 c.
68.70 p.c.
2.55 c.
67.91 p.c.
2.34 c.
68.60 p.c.
2.28 c.
69.58 p.c.
2.35 c.
70.64 p.c.
2.40 c.
71.33 p.c.
237c
0.64 c.
0.67 c.
0.66 c.
0.66 c.
069c
071c
072c
$
7,830,000
$
7,830,000
S
7,830,000
$
7,830,000
$
7,830,000
S
7,830,000
S
7830000
3,380,350
3,380,350
3,380,350
3,380,350
3,380,350
3,380,350
3380350
Total Stock
11,210,350
11,210,350
11,210,350
11,210,350
11,210,350
11,210,350
11,210,350
Funded Debt
4,976,360
4,976,360
4,976,360
4,976,360
4,976,360
4,976 360
4 976 360
46,565
138,687
174,766
172711
156609
324,718
371,078
494,755
524,060
552,515
541 783
600294
295,724
278,822
211,820
271,279
343,538
438,016
521 628
Profit and Loss
350,733
365,084
352,107
431,710
578,805
673,994
;786 863
Total Liabilities
17,204,450
17,201,694
17,245,392
17,552,446
17,836,334
18 013 214
18 252 104
15,216,992
15,246,877
14,952,751
*15,148,494
*15215035
*15 334 472
*15 319 089
1,410,108
1,415,234
1,249,534
1,249,534
1,252,635
1 252 586
1 313 086
Materials and Supplies
80,557
98,151
116,085
92,016
180403
114 953
180531
Cash and Other Assets
496,793
441,432
927,022
1,062,402
1,188,261
1 311 203
1 439 398
Total Asset*
17,204,450
17,201,694
17,245,392
17,552,446
17,836,334
18,013,214
18 252 104
•Including car trust equipment — in 1899, $136,687 ;
in 1902, $156,609.
in 1900, $174,766 ; In 1901, $172,711 ;
. SUBSIDIARY LINES OF THE ALABAMA GREAT SOUTHERN RR. Co.
BELT RY. OF CHATTANOOGA. — In and
around Chattanooga, Tenn., 24.04 m. ; total track,
42.94 miles. Rail (steel, 33.86 m.), 56 Ibs.
HISTORY. — Reorganization, Sept. 28, 1895, of
the Chattanooga Union Ry. Co., whose property
was sold under foreclosure on July 17, 1895. (See
Manual for 1895.) Leased for 50 years from July
1, 1895, to the Alabama Great Southern RR. Co.,
.at an annual rental guaranteed to equal interest
on the bonds issued.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $300,000; funded debt, $324,000 —
total, $624,000. Contra : Cost of road, etc., $599,-
000 ; bonds owned, $25,000 — total, $624,000. Funded
debt, consists of $300,000 1st mtge. 5 p. c. gold
bonds, due July 1, 1945, but redeemable at par
afttr July 1, 1903 ; also, $24,000 2d mtge. 4 p. c.
gold bonds, due July 1, 1945, but redeemable at
par after July 1, 1903, Interest only if earned, till
July 1, 1903, and thereafter to become a fixed
charge.
CORPORATE OFFICERS. — H. S. Chamberlain,
Pres., Chattanooga, Tenn. ; R. D. Lankford, Sec.,
New York, N. Y. ; H. C. Ansley, Treas., Wash-
ington, D. C. Office, Chattanooga, Tenn.
GADSDEN AND ATTAL.L.A RR Gadsden
to Attalla, Ala., 5.90 m. ; total track, 6.69 miles.
HISTORY. — Chartered Nov. 19, 1886. Pur-
chased by the Alabama Great Southern RR. Co.
on April 22, 1892, and operated as a branch of that
company's railroad.
FINANCIAL STATEMENT.— Capital stock.
$15,000 ; bonded debt, $100,000 — total, $115,000, all
owned by the Ala. Gt. So. RR. Co.
CORPORATE OFFICER. — R. B. Kyle, Pres.,
Gadsden, Ala.
POOR'S MANUAL OF RAILROADS SOUTH ATLANTIC GROUP.
13. Board of Director*, A. Qt. B. RR. Co., elected October 1, 1902.
S. M. Felton Cblcago, 111.
C. C. Harvey. . New Orleans, La.
R. D. Lankford.New York, N.Y.
Sam'!. Spencer... New York.N.Y. I W. C. Lane... New York. N. Y.
Francis L. Stetson " Charles Steele
W O Oakman " " I A. B. Andrews. ..Raleigh, N. C.
H. Doughty Browne London, Bng. | W. W. Flnley Washington, D. C.
SAMUEL SPENCEB, President New York, N. Y.
A. B. Andrews, 1st Vice- President Raleigh, N. C.
2d Vice-Pro. — W. W. Finley. .Washington. D. C.
3d Vice-Pres. — W. J. Murphy Cincinnati, O.
Secretary — R. D. Lankford New York, N. Y.
Treasurer — H. C. Ansley Washington, D. C.
As»t. Treat. — Chas. Patton Cincinnati, O.
Auditor— M. F. Molloy
PRINCIPAL OFFICE Birmingham, N. C.
Executive Office 80 Broadway, New York, N. Y.
Operating Office Cincinnati, O.
MOBILE AND OHIO RAILROAD COMPANY.
(Controlled by the Southern By. Co.)
(For map of this road, see page 267.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Balance Sheet, 1896-1902 8
Capital Stock 11
Car Trusts 15
Directors and Officers 22
Earnings, Expenses, etc 7
Equipment Bonds 6a
Funded Debt, Description of 13
Gen. Bal.Sheet, June 30, 1902 10
Guaranties 14
History 3
Income Acct., June 30, 1902... 7
Income Acct, 1896-1902 8
Int. In St. Louis & Cairo RR. 4
Joint Trackage 2
Land Department 19
Leased Line, Statement of. 20
Mileage Oper'd, June 30, 1902 1
Operations and Inc., 1896-1902. 8
Owned Railroad, Statem't of 21
Profit and Loss, June 30, 1902 9
Rolling Stock 6
Secur. in Hands of Trustees 17
Securities in Treasury 16
Secur. Owned June 30,1902.. 18
Voting Authority 12
1. Mileage Operated, June 30, 1902. — A. LINES OWNED (total, 715.5 miles).
tin Line: Mobile, Ala., to Columbus, Ky 472.0 miles.
Cairo Extension: South Columbus, Ky., to East Cairo, Ky 21.0
Columbus Branch : Artesia, Miss., to Columbus, Miss 14.0
Starkville Branch : Artesia, Miss., to Starkville, Miss 11.0
Aberdeen Branch : Muldon. Miss., to Aberdeen, Miss 9.0
Montgomery Division: Columbus, Miss., to Montgomery, Ala 167.2 "
Warrior Branch : Tuscaloosa, Ala., to Warrior Coal Fields 9.5 "
Blocton Branch: Eoline, Ala., to Cahaba Coal Fields 11.8 "
B. LEASED LINE: 8t. Louis d Cairo RR.: Cairo to E. St. L., 111., and branch. 158.6 "
Total length of lines owned and leased, June 30, 1902 874.1 miles.
Gauge, 4 ft. 8»/2 in. Rail, 56, 60, 70 and 75 Ibs.
lat Statement of track mileage and of mileage laid with steel rails, June 30, 1902:
MAIN LINE
BRANCHES
TOTAI-
Total
Track
Steel
Rail
Main
Track
Side
Track
Main
Track
Side
Track
Main
Track
Side
Track
Mobile A Ohio RR. Proper. ...
Mile*.
493.00
167.19
151.60
Xilet.
131.40
26.14
66.27
Miles.
34.00
21.33
7.00
Miles.
10.99
5.58
1.45
Miles.
527.00
188.52
158.60
Miles.
142.39
31.72
57.72
Milfs.
669.39
220.24
216.32
Miles.
621.89
220.24
216.32
St. Louis & Cairo RR
Totals.
811.79
213.81
62.33
18.02
874.12
231.83
1,105.95
1,058.45
2. Joint Trackage. —The single track railroads of this company and of the Illinois
Central RR. Co. parallel each other from the end of the Cairo Bridge southward for 6
miles. Under an arrangement made in Aug., 1899, these tracks are used jointly by the
two companies as a double track railroad. Under an arrangement made earlier in the
same year this company secured joint use of the Illinois Central bridge and approaches at
>• >
OF THE' » \ *$$> *$+ **3
MOBILE & OHIO K. K. \
JLSD CONNECTIONS. \
268
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Cairo. Through a trackage arrangement with the Alabama Midland Ry. Co. this company
is enabled to reach its terminal grounds in the heart of the city of Montgomery and also
to jointly use a Belt Line, connecting with the other lines entering the city, and reaching
the most important manufacturing industries in Montgomery. The company's passenger
trains enter the union depot of the Louisville and Nashville RR. Co. in Montgomery, af-
fording an interchange of passenger traffic with other lines.
3. History. —Chartered on Feb. 3, 1848. Land grant acquired under Act of Con-
gress, Sept. 20, 1850. The first section of the road, 33 miles in length, was opened in
1852. The main line was opened throughout on April 22, 1861, and the branch to Colum-
bus at about the same time. The Aberdeen branch was opened in 1870, the Starkville
Branch in 1874, and the Cairo Extension on Nov. 1, 1881. The Montgomery Division was
opened on July 1, 1898, but was not merged with the M. &, O. RR. system until July 1,
1899. In March, 1901, the Southern Ry. Co. acquired the control of a majority of the
capital stock of this company and now owns and controls 49,326 shares of the capital
stock and $7,947,000 of the general mortgage bonds. The road will continue to be oper-
ated as a separate property. (See Southern Ry. Co.)
4. Interest in St. Louis and Cairo RE.— The St. Louis and Cairo RR. is leased for
45 years from Feb. 1, 1886, at a rental of 25 p. c. of 150-640ths of the yearly gross earnings
of the line from Mobile, Ala., to East St. Louis, 111., and of the Columbus, Starkville, and
Aberdeen Branches, a minimum of $165,000 per annum being guaranteed. The Mobile
and Ohio RR. Co. has acquired all except 110 shares of the capital stock of the St. Louis
and Cairo RR. Co. by issuing in exchange therefor, at the rate of $1,000 for every $3,000
of stock, the collateral trust gold bonds described in Sec. 13.
6- Interests in Other Properties. — The company owns the capital stock of the
Mobile and Bay Shore Ry. Co. (see subjoined statement for that company), and of the
Mobile Docks Co., the latter being the owner and lessee of the wharves fronting on Mobile
River. The leased wharves are the property of the M. & 0. RR. Co.
8. Boiling Stock, June 30, 1902. — Locomotives, 167. Cars — passenger, 52; com-
bination, 9; baggage, mail and express, 38; business, 6; freight (box, 2,488; furniture, 75;
fruit, 975; refrigerator, 199; stock, 73; gondola, 2,279; flat, 378; caboose, 14), 6,481; way,
77; service, 222 — total cars, 6,885. Included in the foregoing statement are 59 locomotives,
5 passenger cars, 5 baggage, mail and express cars, 1,595 box cars, 600 fruit cars, 200 re-
frigerator cars, 1,350 gondolas, 15 way cars, 150 ballast cars and 50 furniture cars which
are subject to Equipment Trust liens.
Oa. Equipment bonds to the total amount of $4,257,558.08 have been issued from
time to time, secured upon equipment included above. Of these bonds there were out-
standing, June 30, 1902, $2,478,765.50 in six series, as follows: Series P, $31,000; Series
Q, 316,000; Series R, $146,000; Equipment Agreement, Series A and B, $500,000 each;
Series ACF, $985,765.56. The maturities of the principal of the car trusts are various,
they being payable in tri-monthly and semi-annual installments, the last of Series P in
1904, the last of Series Q in 1908, the last of Series R in 1905, and the last of Series
ACF, in 1908. The principal of the Equipment Agreements, Series A and B, is payable
in annual installments, the last being in 1919.
7. General Income Account, year ending June 30, 1902.
KARHINOB.
PaMenger
1900-01 1901-02
1749,77998 $760,16937
EXPENSES.
1900-01 1901-02
$805 949 93 $871 854 99
Freight.
4 619,203 66 4,932 837 22
53059731 72607179
Mail
106,13128 10593602
2 619 385 83 2 508 742 23
111,70924 117,68379
General Expenses
230,572 28 217,882 66
IfkecUuMMM
553 088 03 592,862 14
Taxes
146 345 69 164 634 48
T"Ult
.. 16,139,91219 $6,509,48854
Totals
$4 332 851 04 $4 489 186 15
Average* per MiJe —
7.02411 7,44691
Averages oer Mile. . .
4.95632 5.13566
POOR'S MANUAL — MOBILE AND OHIO SYSTEM.
269
Net earnings, 1901-02 (31.04 p. c.), $2,020,302.39; other receipts, $110,364.85— total,
$2,130,667.24. Payments: Interest on bonds (1st mtge., $420,000; 1st mtge. extension,
$60,000; Montgomery Division, $200,000; collateral trust, $100,000; gen. mtge., $378,880),
$1,158,880; interest on car trusts, etc., $114,690.67; rental, St. Louis and Cairo RR., $315,-
536.10; principal of car trust debt and new equipment, $289,038.77; ballasting, $106,-
689.98; raising and double tracking, St. L. & C. RR. at Cairo, $1,061.90; new side tracks,
$20,719.60— total, $2,006,617.02. Surplus, $124,050.22.
8. Statement of operations, etc., of the entire system, and of equipment and capital
accounts of the M. & O. RR. Co., for seven fiscal years:
1896
1897
1898
1899
1900
1901
1902
687.60
1,095,997
1,924,385
705,605
25,505,304
1,829,588
340,217,936
$
3,357,862
2,225,879
687.60
1,091,709
2,229,448
660,439
24,324,571
2,096,006
409,608,065
$
3,569,815
2,474,000
687.60
1,040,673
2,322,797
626,044
23,679,581
2,521,485
504,478,384
$
3,842,117
2,790,641
687.60
1,085,585
2,514,305
669,832
28,726,601
2,867,310
570,115,702
$
4,128,389
2,962,896
876.12
1,296,027
3,899,305
852,057
35,245,917
2,875,467
770,450,986
$
5,996,731
4,192,245
874.12
1,273,241
3,483,501
929,210
37,336,136
3,036,374
792,823,887
$
6,139,912
4,186,505
874.12
1,244 444
3,377,711
889,828
34,932,951
3,135,099
826,752,555
f
6,509,489
4,324,552
1,131,983
261,209
1,095,815
298,043
1,051,476
365,202
1,165,493
402,765
1,804,486
93,168
1,953,407
114,951
2,184,937
110,365
1,393,192
99,323
862,882
196,750
143,645
90,592
4,88345
3,237 17
1,64628
66.29 p.c.
2.12c.
0.77 c.
527.00
629.70
106
49
27
4,084
7,680,000
17,691,300
225,468
1,393,858
109,962
850,957
209,169
204,451
19,319
5,191 70
3,598 02
1,593 68
69.30 p.c.
2.16 c.
0.69 c.
527.00
631.16
116
49
27
3,679
$
7,680,000
17,646,300
147,823
1,416,678
115,933
849,756
225,124
180,697
45,168
5,587 72
4,05852
1,52920
72.63 p.c.
2. lie.
0.62 c.
715.52
843.11
143
59
40
5,125
*
7,680,000
21,556,200
559,000
135,000
917,702
680,629
1,568,258
116,627
902,629
241,898
271,748
35,356
6,00406
4,30904
1,695 02
71.77 p.c.
2.07 c.
0.58 c.
715.52
854.08
152
63
47
4,968
*
7,680,000
21,556,200
766,000
40,000
1,308,374
827,039
1,897,654
141,381
1,131,929
286,715
314,990
22,639
6,844 65
4,785 01
2,059 63
69.91 p.c.
1.99c.
0.59 c.
715.52
868.53
178
62
49
5,736
*
7,680,000
23,981,200
1,683,000
180,000
1,865,085
842,568
2,068,358
146,346
1,259,695
295,615
389,416
def. 22,714
7,024 11
4,789 39
2,234 72
68. 18 p.c.
2.01 c.
0.58 c.
715.52
878.18
171
59
46
5,405
$
7,680,000
23,982,200
1,592,000
270,000
1,558,508
620,279
2,295,302
164,634
1,273,572
315,536
417,510
124,050
7,446 91
4,947 32
2,499 59
66.44 p.c.
2.18c.
0.60 c.
715.52
889.63
167
61
44
6,780
t
7,680,000
23,972,000
2,478,766
144,685
1,572,800
716,501
Rental, St. L. AC. RR..
Additions, etc
Expenses to Earnings
Average Rate per Pass, per Mile
Average Rate per Ton per Mile
Miles of RR Owned
Baggage, etc , Cars
Freight, etc , Cars
Bonded Debt
Car Trusts
Bills Payable
Other Liabilities
533,367
715,612
522,842
702,306
Profit and Loss
Total Liabilities
26,845,747
22,521,231
225,468
351,795
2,980,025
123,985
643,241
26,699,271
22,521,231
147,823
335,065
2,979,050
131,511
584,591
31,528,531
26,521,231
559,000
324,728
2,954,475
297,933
871,164
32,177,613
27,184,584
766,000
349,223
2,774,475
246,164
857,167
36,231,853
27,256,740
1,683,000
362,708
5,128,925
284,058
1,516,422
35,702,987
27,284,792
1,592,000
183,652
4,933,980
389,680
1,318,883
36,564,752
27,353,992
2,478,766
171,474
4,632,914
533,143
1,394,463
Cost of Property
Car Trusts
Land Department
Stocks and Bonds
Materials, etc
Cash Assets
Total Assets
26,845,747
3,745,500
1,843,600
597,300
894,300
26,699,271
3,703,000
1.844,600
597,800
895,300
31,528,531
3,616,000
1,847,700
597,800
895,300
32,177,613
3,616,000
1,847,700
597,800
895,300
36,231,853
3,541,000
1,847,700
597.800
895,300
35,702,987
3,541,000
1,847,700
599,500
898,800
36,564,752
3,541,000
1,847,700
599.500
898,800
Transf. to F. L. &T.Co.:
1st Debentures
2d Debentures
3d Debentures
4th Debentures
Total. ...
7,080,700
1,554,500
7,040,700
1,597,000
6,956,800
1,684,000
6,956,800
1,684,000
6,881,800
1,759,000
6,887,000
1,752.800
6,887,000
1,753,500
Held in the Sinking Fund:
1st Debentures
NOTE. — Funded debt In the preceding statement is exclusive of debentures transferred to and
standing on the books of the company in the name of the Farmers' Loan and Trust Co. See de-
tailed statement of funded debt given In Sec. 13.
270
POOR'S MANUAL Of RAILROADS SOUTH ATLANTIC GROUP.
9. Profit and LOSS Account, year ending June 30, 1902. — Balance, June 30,
1901, $820,278.86; income account June 30, 1902, $124,050.22; gen. mtge. bonds, previously
deposited, withdrawn, $1,500; interest on above, $705j profit and loss, land depart-
ment, $12,844.01; miscellaneous credits, $13,725.47— total, $773,103.56. Contra: Dis-
count on $300,000 St. Louis ft Cairo collateral bonds sold, $24,000; deposited to meet un-
paid coupons, gen. mtge. bonds, $1,375; loss on sale Tupelo Cotton Mill stock, $750; paid
for sundry stocks, $332.95; sundry old accounts of previous years charged off, $30,144.70 —
total, $56,602.65. Balance, June 30, 1902, $716,500.91.
1O. General Balance Sheet, June 30, 1902.
Cost of Road and Property $27,353,90880
Real Estate — Donated Lands 171,47380
Trust Equipment (see Sec. 6) 2,478,76556
Stocks and Bds. in Tr'y ( see Sec. 16) . 2,365,084 40
Stocks and Bonds In Hands of Trus-
tees ( see Sec. 17) 2,169,455 00
Securities Owned (see Sec. 18) 98,375 00
Materials and Supplies 533,14286
Insurance Paid in Advance 20,026 40
Cash 229,66725
Equip. Trust Sink. Fds. Uninvested. 75,00000
Deposits for Mat. Coupons and Div. . 56,572 00
Current Assets 932,450 23
Miscellaneous Assets 80,74703
Total Assets $36,564,75183
Capital Stock ($100 shares) $7,680,00000
Funded Debt (see Sec. 13) 23,972,00000
Equip. Trust Obligation (see Sec. 6a). 2,478,765 56
Pref. Income and Sink. Fund Deben.. 9,50000
Reserve Accounts 236,27408
Bills Payable 144,68527
Audited Vouchers and Pay Rolls 602,787 34
Current Liabilities 278,097 30
Interest on Bonds Accrued, not Due. 276,29333
Other Interest and Taxes Accrued,
not Due 86.84804
Equip. Trust Bonds Accrued, not Due. 83,000 00
Profit and Loss Gen. Account 592,45069
Income Account, Surplus, 1901-2 124,050 22
Total Liabilities $36,564,75183
11. Capital Stock. — The authorized share capital is $10,000,000, of which $5,320,600 is
outstanding : $2,359,400 issue of 1873, though not outstanding, has been issued and is in the treas-
ury of the company, and $2,320,000 remains unissued.
12. Voting: Authority — The right to vote on $4,953,800 of the outstanding stock (desig-
nated " assented "), is vested in the Farmers' Loan and Trust Co., as trustee of the general mort-
gage, In trust for the benefit and security of the debentures, until these are extinguished.
13. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $23,972,000, as
per general balance sheet — consisted of the several issues of bonds, listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto subjoined
to the statement :
1st 6s of Dec. 1, 1927 $7,000,000
1st extension gold 6s of July 1, 1927 1,000,000
Montg. Div. 1st gold 5s of Feb. 1, 1947.. 4,000,000
Collateral Trust gold 4s of May i, 1930. . 2,500,000
General gold 4s of Sept. 1, 1938 9,472,000
1st pref. inc. and sink, fund debentures. $6,200
2d pref. inc. and sink, fund debentures. 2,300
3d pref. inc. and sink, fund debentures.
4th pref. inc. and sink, fund debentures. 1,200
Any coupon bonds carrying the right to be registered should be presented for registration at the
company's office in New York, N. Y.
First Mtge. Bonds. — Secured on the main line from Mobile, Ala., to Columbus, Ky., 472 miles.
Principal payable in gold ; interest in lawful money.
First Mtge. Extension Gold Bonds. — Secured on the Kentucky and Tennessee RR. (Cairo Exten-
sion), and are also a first lien on the several branches of the M. & O. RR., 34 miles, upon the
transfer and terminal properties iii Cairo, 111., and upon the net income of the road after payment
of the expenses of its maintenance and operation and of the interest on the 1st mtge. bonds.
Montgomery Division Oold Bonds. — Secured as a first lien on the Montgomery Division and
branches, 188.52 miles, and also cover equipment purchased with the proceeds of $500,000 of the
bonds.
St. Louis and Cairo Collateral Trust Oold Bonds. — The amount in the statement is the total
authorized, the amount outstanding on June 30, 1901, being $2,494,000. Of this amount, $2,161,000
were Issued in exchange for $6,483,000 par value of the capital stock of the St. Louis and Cairo RR.
Co., at the rate of a bond of $1,000 for each $3,000 of the stock, and $333,000 were issued for the
acquisition of additional property and equipment. The remaining $6,000 of the bonds were In
the hands of the trustee, being reserved for the exchange of the remainder of the $6,500,000 capital
stock of the St Louis and Cairo RR. Co. Up to June 30, 1902, a total of $6,489,000 par value of the
capital stock of the St. Louis and Cairo RR. Co. had been acquired and deposited as security for the
bonds of this issue. The bonds are subject to redemption on any interest day, at par and accrued
interest. As a sinking fund for their redemption the company will pay yearly to the trustee so much
of all dividends collected on the stock of the St. Louis and Cairo RR. Co. as may exceed in amount
the Interest maturing during the year on the collateral trust bonds outstanding. This fund is to be
applied to the purchase of bonds in the open market, at a price not to exceed par and accrued inter-
est. If bonds cannot be purchased at such a price an amount sufficient to exhaust the sinking fund
Is to be drawn by lot. All bonds purchased or redeemed, whether by action of the sinking fund or
Independently thereof, must be cancelled.
General Mtge. Gold Bonds. — By resolution of May 15, 1895, it is provided that no right to
enforce the mortgage security can arise in consequence of failure to pay interest until there shall
have been four successive coupons In default. The bonds are secured on the main line and branches,
527 miles, and on the lands of the company. The total authorized issue is $10,500,000, of which
bonds for $0,469,545 are outstanding; $2,465 are held by the Farmers' Loan and Trust Co., to be
exchanged for debentures, and $1,028,000 have been cancelled. " By the provisions of the general
mortgage, the bolder of each $500 thereof is entitled to one vote under tne deed of trust of May 15,
POOR S MANUAL — MOBILE AND OHIO SYSTEM.
271
1888, at all meetings held for the purpose of directing the Farmers' Loan and Trust Co. how to
vote upon the debentures held by it for the benefit and security of the said general mortgage bonds,
and for this purpose a ' voting register ' has been established at the office of the company in the city
of New York, where such voting power is inscribed in the names of the parties to whom the said
general mortgage bonds may have been originally issued, and where any succeeding holder of the
bonds may, from time to time, have the same inscribed in his own name for voting purposes."
Debenture Bonds. — In addition to the debentures represented in the preceding statement, there
were outstanding in the possession of the Farmers' Loan and Trust Co., June 30, 1902, $3,541,000 1st,
$1,847,700 2d, $599,500 3d and $898,800 4th debentures, making a total of $6,887,000 debentures,
transferred to and standing on the books of the company in its name as trustee of the general mort-
gage, and $1,753,500 1st debentures were held in the sinking fund.
14. Guarantiee. — The Mobile and Ohio RR. Co. guarantees, both principal and Interest,
$200,000 1st mtge. 5 p. c. bonds of the Mobile and Bay Shore Ry., and guarantees the interest on
$4,000,000 1st mtge. 4 p. C. bonds of the St. Louis and Cairo RR.
15. Bonded Debt, Car Trusts. — A sketch of this company's bonded debt, with special refer-
ence to the general mortgage bonds, and debentures, as also a statement of the car trusts issued and
outstanding from 1882 to 1895, was published in the MANUAL for 1896, page 235.
16. Stocks and Bonds in Treasury. — These consist of the following : Company's assented
stock, $4,000 ; company's common stock, $2,359,400 ; gen. mtge. bonds and scrip, $1,684.40 — total,
$2,365,084.40.
17. Stocks and Bonds in Hands of Trustees. — These consist of $2,455 gen. mtge.
bonds of 1888 (to take up debentures) ; $4,000 St. Louis and Cairo collateral bonds (to acquire St.
L. & C. RR. Co.'s stock), and $2,163,000 St. L. & C. RR. Co.'s ; stock (pledged for bonds, etc.), total,
$2,169,455.
18. Securities Owned. — These are as follows: Mobile Cotton Exchange stock (par $100),
$75; Mobile Trans-Atlantic Terminal Co. stock (par, $100), $3,000; Terminal Elevator stock (par,
$100), $40,000; Mobile Docks Co. stock (par, $10), $5,000; Mobile and Bay Shore Ry. stock
(par, $100), $50,000; Montgomery Auditorium stock (par, $100), $300 — total, $98,375.
19. Land Department. — Lands in Alabama, 106,138.14 ; in Mississippi, 176,510.66 ; and
In Kentucky, 410.52 — total, 283,059.32 acres. Value of lands, $155,601.93. Town lots, etc. (Ala-
bama, $3,852.40; Mississippi, $12,019.47), $15,871.87. Total value, $171,473.80.
Cash balance, June 30, 1901, $69,785.14 ; land contracts, $102,027.25 ; net proceeds land sales,
rents, timber sales, trespasses, etc., $50,063.80 — total, $221,876.19. Contra: Contracts cancelled,
$18962.55; taxes on donated lands, town lots, etc., $6,079.44: balance, June 30, 1902 (land con-
tracts, $83,898.03; cash, $112,936.17), $196,834.20— total, $221,876.19.
2O. RAILROAD LEASED BY THE MOBILE AND OHIO RR. Co.
ST. LOUIS APfD CAIRO RR.— Cairo to East
St Louis, 111., 151.6 m. ; Millstadt June, to Mill-
stadt, 111., 7 m. — total, 158.6 m. ; total track
(steel; 60 Ibs.), 216.32 miles.
HISTORY. — Organized June 14, 1881, and on
Feb. 2, 1882, succeeded to the property of the
Cairo and St. Louis RR. Co., which was sold
under foreclosure on July 14, 1881. Leased to the
Mobile and Ohio RR. Co., for 45 years from Feb.
1, 1886, at a rental of 25 p. c. of 150-640ths of the
yearly gross receipts of the 687.6 miles of railroad
from Mobile, Ala., to East St. Louis, 111., includ-
ing branches, a minimum yearly rental of $165,-
000 being guaranteed. ( See Manual for 1890, page
465.) By means of an issue of 4 p. c. collateral
trust gold bonds dated May 1, 1900, the Mobile
and Ohio RR. Co. has acquired all except 110 of
the 65,000 shares of capital stock of this com-
pany and has deposited such stock in trust for
the benefit and security of its collateral trust
bonds. The rentals required by the lease will
be paid as heretofore — $80,000 each half year to
the Farmers' Loan and Trust Co., in trust, to
meet the interest on the $4,000,000 1st mtge. 4 p. c.
bonds of this company, and the surplus rental
to the St. Louis and Cairo RR. Co.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $6,500,000; funded debt (1st
4s of Jan. 1, 1931. — see General Index), $4,000,000;
unfunded debt, $80,880 ; profit and loss, $171,532 —
total, $10,752,412. Contra : Cost of property, $10,-
500,000; other assets, $252,412 — total, $10,752,412.
The bonds are guaranteed by the lessee.
CORPORATE OFFICERS. — F. A. Horsey, Pres.,
& Treas., New York, N. Y. ; Paul W. Abt, Sec.,
East St. Louis, 111. Office, 68 Broad St., New
York, N. Y.
21. RAILROAD OWNED BY THE M. &O. RR. Co. BUT THE RESULTS FROM ITS OPERATION
NOT INCLUDED IN INCOME ACCOUNT.
MOBILE AND BAY SHORE RY Prltch-
ards to Bayou La Batre, Ala., 34.10 m. ; Del-
champs to Alabama Port, Ala., 4.26 m. — total,
38.36 m. ; total track (steel; 60 Ibs.), 43 miles.
Gauge, 4 ft. 8J in.
HISTORY. — Chartered Nov. 7, 1898 ; road
opened Sept. 1, 1899.
ROLLING STOCK. — Locomotives, 4. Cars
(passenger, 2; baggage, etc., 1), 3.
OPERATIONS, year ending June 30, 1902. —
Trains run ( passenger, 47,021 ; freight, 19,287 ;
other, 1,910), 68,218 miles. Passengers carried,
66.402; carried one Kile, 1,203,036. Tons freight
moved, 36,935; ton-miles, 851,990. Earnings (pas-
senger, J19.G71 ; freight, $34,634; other, $1,711),
$56,016. Operating expenses, $29.220. Net earn-
ings, $26,796. Payments : Interest on bonds, $10,-
000; taxes $2,336; other charges, $1,453 — total,
$13,789. Surplus, $13,007; deficit forward, $9,-
868. Net surplus, $3,639.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $50,000; funded debt (1st
gold 5s of May 1, 1949 — see General Index), $200.-
000 ; accrued interest, $1,667 ; current liabilities,
$18,237; profit and loss, $3,211 — total, $273,115.
Contra : Cost of property, $267,365 ; cash on de-
posit to meet matured coupons, $5,760 — total,
$273,115.
The Mobile and Ohio RR. Co. owns the en-
tire capital stock and guarantees the bonds,
both principal and interest.
DIRECTORS (elected Nov. 6, 1902). — E. L.
Russell, C. S. Clarke, James H. Masson, A. H.
Spira, R. V. Taylor, J. C. Clarke, Mobile, Ala. ;
W. B. Duncan, Adrian Iselin, Jr., New York,
N. Y. ; S. R. Prince, Mobile, Ala. Officers:
E. L. Russell, Pres. ; R. V. Taylor, Vice-Pres. &
Aud. ; Henry Tacon, Sec. & Treas., Mobile, Ala.
Office, Mobile, Ala.
278 POOR'S MANUAL or RAILROADS — SOUTH ATLANTIC GROUP.
152. Board of Directors, Mobile and Ohio RR. Co., as of June 30, 1903.
W. BUTUCB DUKCAK, Chairman of the Board New York, N. Y.
W.C.Roo»evelt..Ntw Tork.N.T.
Adrian Iselln. Jr. "
Jan. H. MasaoB.... Mobile. Ala.
Sam'l. Spencer.. New York.N.Y.
C. 8. Shepard.New York, N. T.
C. C. Cuyler..
8. Woolverton.
T. E. Jevons...
R. D. Lankford.New York.N.Y.
E. L. Russell Mobile, Ala.
A. H. Stevens.. New York, N. T.
A. W. Mackintosh " "
SAMUEL SPENCEB, President New York, N. Y.
A. B. Andrews, 1st V ice-President Raleigh, N. C.
W. W. Finley, 2d Vioe-Presidvnt Washington, D. C.
E. L. Russell, General Counsel Mobile, Ala.
C. S. Clarke, General Manager St. Louis, Mo.
See. and Treat.— Henry Tacon Mobile. Ala. \Gen. Auditor— R. V. Taylor ...Mobile, Ala,
PBIWCIFAL OFFICE AND ADDBTSS ... Mobile, Ala.
Nsw Tork Office 80 Broadway. St Louis Office Fullerton Building.
Washington Office 1300 Penna. ATB.
ABERDEEN AND ASHEBORO BY.— Aberdeen to Asheboro, N. C., 55.2 m. ; Blscoe to Mt.
Qllead. N. C.. 21.3 m. ; West End to Jackson Springs, N. C. (Jackson Springs RR.), 4 — total, 8(
m.; total track (steel; 40 and 50 Ibs.), 82.0 miles. Gauge, 4 ft. 9 In. Consolidation of the Aber-
teen and West End and the Asheboro and Montgomery RR. Cos. (See MANUAL for 1899. page 467.)
The extension to Mt. Oilead was completed about Jan. 1, 1899. The Jackson Springs RR. (chartered
Oct. 1. 1900) is operated by this company. Locomotives, 9. Cars — passenger, 7 ; freight (flat). 30
—total. 37.
Operations, year ending June 30. 1902. — Earnings (passenger, $23,200; freight. $116,668:
other, $1.698). $141.566. Operating expenses, $75,468. Net earnings, $66,098. Payments: In-
terest on bonds. $4,560; taxes, $2,064; sinking fund, $10,866; dividends (6 p. c.). $15,000;
other charges. $15,000 — total. $47,490. Surplus, $18,608 ; surplus forward, $1,232 — total, $19,8<tu.
Financial Statement, June 30, 1902. — Capital stock paid in ($650,000 autb. ; $100 shares),
$250,000. Funded debt (1st 6s of Jan. 1, 1910), $76,000. Cost of road, etc., $415,243. Balance of
current assets, $19,840.
Directors.- H. A. Page, N. A. McKelthan, J. R. Page, Frank Page, Aberdeen, N. C. ; A. W. E.
Capel. Troy, N. C. ; W. H. Page, New York, N. Y. OFFICERS : H. A. PAGE, Pres., Aberdeen, N. C. ;
R. N. Page, Sec. & Treat.; Frank Page, Aud. • J. R. Page, Gen. Mgr., Biscoe, N. C. GENERAL OF-
FICE, Aberdeen, N. C.
ABERDEEN AND ROCKFISH RR. — Aberdeen to Rocknsh. N. C., 32 m. ; Junction to
Endon, N. C., 10 m. — total, 42 miles. Gauge, 4 ft. 9 in. Rail (steel), 40 Ibs. Chartered June 22,
1892 ; road opened to Endon, June 30, 1895 ; extended 11.75 m. in 1900. Locomotives, 3. Cars —
passenger, 2.
Operations, year ending June 30, 1902. — Earnings (passenger, $3,981; freight, $59,678;
other. $142), $63.701. Operating expenses. $26,974. Net earnings, $36,727. Deductions: In-
terest on funded debt, $3,450 ; taxes, $919 ; permanent improvements, $5,880 — total, $10,249
Surplus, $26.478.
Financial Statement, June 30. 1902. — Capital stock paid in ($145,000 auth. ; $50 shares),
$100,000. Funded debt. $80,000 (6s ; no details furnished). Cost of road and equipment, $159,331.
Balance of cash assets, $28,303.
Directors. — John Blue, C. N. Blue, W. A. Blue, N. A. McKeithan, J. A. McKeithan, Aberdee
N. C. : R. N. Page. Biscoe. N. C. ; J. A. Blue. Tlmberland, N. C. OFFICERS : JOHN BLUE. Pres. _
O«n. Mgr.; W. A. Blue, Sec. & Treat.; O. H. Folley, Aud., Aberdeen, N. C. GENERAL OFFICK
Aberdeen, N. C.
ALBANY AND NORTHEBN BY.— Albany to Cordele, Ga., 35 m. ; branch: Albany St
Ry.. 1.68 m. — total. 36.68 m. ; total track (steel; 60 Ibs.), 39.18 miles. Gauge, 4 ft. 9 in. Re-
organization, Nov. 1, 1895, of the Albany, Florida and Northern Ry. Co., whose property was sold
under foreclosure Feb. 28, 1895. (See MANUAL for 1895, page 180.) Locomotives, 3. Cars— pas-
aenger. 3; baggage, etc., 2; freight (box, 24; flat, 9), 83— total, 38. One locomotive and 2 pas-
Mnger. 1 baggage, 4 box and 8 flat cars are held under car trust.
Operations, year ending June 30, 1902. — Trains run (passenger, 29,690; freight, 2,000;
a**1 6f600 ™IIe8', rP.ai*i?S*e" carried, 42.641 ; carried one mile, 694,281. Tons freight
ton-miles, 1,687.516. Earnings (passenger, $18,672; freight, $46,832; other,
$2.022). $67.526. Operating expenses, $45,318. Net earnings, $22,208. Payments: Interest on
^no£, fl..7>J7,9 :. otht!l ti??tt |62° ; taxesl *2-457 ! rentals, $150— total, $21,006. Surplus.
$1,202 ; deficit forward. $62,124 — net deficit, $60,922.
A H,*3^!1?^,2*1*110* f1lfe,h,,J,une.22;, is02-— Capital stock ($100 shares), $350,000; funded
ti°A«: cu™** labilities, $132,309— total. $848,374. Contra: Cost of road and equlp-
W 922— total $848 f 74 m ' : C*8h ""* current asset8' $21.396 ; profit and loss.
OBK^^vPS^l'^TV11?,6*1 debt Ju.n6 30' 1902' conned of $350,000 1st 5s of Jan. 1, 1946 ; and
.18.085 of which the details are not furnished.
EdwiSf^ifKiT"01^ *i T*ImadKe' ,New To1"*. N- Y. ; Luther S. Bent, Philadelphia, Pa. ; T.
H PL« * IS*0111 o0"1^ Mayer> Baltln">™. Md. ; T. M. Carter, Morris Weslosky, S. B. Brown,
Vic, £27 r Albany Oa. OFFICERS : T EDWARD HAMBLETON, Pres., Baltimore, Md. ; J. S. Crews,
at., Aud. A Oen. Mgr., Albany, Ga. GENERAL OFFICE, Albany, Ga!
fol. A£LA5TIf? ANP BIBMINOHAM BB.— In operation. June 30. 1902 : Waycross to Cor-
RRf £ ^ 'V °i\W' 4 ft.81 ln" JRaU (8teel)- 56 and 60 lb8- Chartered as Waycros* Air-
^Tvi i' 11 i :,I2Sd °Pen«<l fr°m Waycross to Sessoms, 25 miles, in 1890 ; extended
S f£^™011" l!!A897V S"?m Nlcho»8 to Douglas in 1900; from Douglas to Fitzgerald
m. and from Fitzgerald to Cordele on May 25. 1902. The project is for a line from Fernan-
POOR'S MANUAL OF RAILROADS. 273
(Una, Fla., or St. Marys, Ga., to Birmingham, Ala., with a branch to Brunswick, Qa., a total distance
of about 400 miles. The present corporate title was adopted on Dec. 1, 1901. An extension from
Cordele to Montezuma, Qa., 31 miles, was put in operation in March, 1903, and surveys are being
pushed from Montezuma to Birmingham. Locomotives, 10. Cars — passenger, 8 ; combination, 3 ;
freight (box, 50; flat, 50), 100; service, 4 — total, 115. The 50 box cars are held under car trust.
Operations, year ending June 30, 1902 (aver. 74 m.). — Trains run (passenger, 67,832 ; freight,
6,696; mixed, 79,240), 153,768 miles. Passengers carried, 84,320. Tons freight moved, 117,242.
Earnings (passenger, $42,747; freight, $91,634; other, $5,747), $140,128. Operating expenses,
$82,065. Net earnings, $58,063 ; ether receipts, $7,342 — total, $65,405. Payments : Interest on
bonds. $25,000 ; taxes, $3,082 — total, $28,082. Surplus, $37,323 ; surplus forward, $71,847 — total,
$109,170.
General Balance Sheet, June 30, 1902. — Capital stock ($504,000 common and $700,000 pre-
ferred; $100 shares), $1,204,000; funded debt (1st gold 5s of July 1, 1920), $500,000; current lia-
bilities, $109,656; profit and loss, $109,170 — total, $1,922,826. Contra: Cost of road and equip-
ment, $1,161,231; construction, $701,194; cash and current assets, $59,066; other assets, $1,335
—total, $1,922,826.
Capital Stock and Funded Debt.— Capital stock authorized, $1,400,000, consisting of $700,-
000 common stock and $700,000 non-cumulative 5 p. c. preferred stock. The amount of bonds
authorized is $1,400,000, the unissued bonds being reserved for extensions at the rate of $5,000 per
mile. Of the $500,000 outstanding bonds, $150,000 are prior in lien to the rest, but the company
reserves the right to redeem these prior lien bonds after 5 years at 110 p. c. and accrued interest,
and to replace them with bonds without the prior lien feature.
Directors (elected Aug. 4, 1902). — W. G. Raoul, Percy R. Pyne, New York, N. Y. ; James
Swann, Atlanta, Ga. ; Alex. Bannyman, Geo. Dole Wadley, W. J. Swain, B. H. Williams, Waycross,
Ga. OFFICERS: W. G. RAOUL, Pres., New York, N. Y. ; Geo. Dole Wadley, Vice-Pres.; W. J.
Swain, Sec. ; 1st Nat. Bk., Treas., Waycross, Ga. GENERAL OFFICE, Waycross, Ga.
ATLANTIC AND NORTH CAROLINA RR.— Morehead City to Goldsboro, N. C., 95 m. ;
total track, 99 miles. Gauge, 4 ft. 9 in. Rail (steel, 95 m.), 50 and 56 Ibs. Chartered in 1853;
road opened in 1858. The State of North Carolina owns $1,266,500 of the capital stock of the com-
pany. (See MANUAL for 1888, page 558.) Under the system which obtains in voting the stock of
this road the State, although the owner of 70 per cent, of the capital stock, is entitled to only 350
votes, while the private stockholders may cast about 700 votes. (See MANUAL for 1897, page 156.)
Locomotives, 14. Cars — passenger, 9 ; parlor, 1 ; combination, 3 ; express, 2 ; baggage or fish, 2 ;
freight (box, 53; flat, 70; logging, 69; gondola, 5), 197; shanty, 12; caboose, 4; service, 3 —
total, 233.
Operations, year ending June 30, 1902. — Earnings (passenger, $81,848; freight, $150,175;
other, $25,009), $257,032. Operating expenses, $171,761. Net earnings, $85,271. Payments:
Interest on bonds, $19,500 ; other interest, $2,854 ; taxes, $5,094 ; permanent improvements, $47,-
888 — total, $75,336. Surplus, $9,935.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock paid in ($1,800,000
auth. ; $100 shares), $1,797,200; funded debt (1st 6s of July 1, 1917), $325,000; current liabili-
ties, $73,210 ; profit and loss, $5,058 — total, $2,200,468. Contra : Cost of road and equipment,
$2,177,028; cash and current assets, $23,440 — total, $2,200,468.
Directors. — For the State: James A. Bryan, New Bern, N. C. ; L. Harvey, Kinston, N. C. ;
Lewis G. Daniels, Bayboro, N. C. ; C. M. Busbee, W. H. Smith, J. C. Parker, T. W. Dewey, R. W.
Taylor. For the Stockholders : C. E. Foy, New Bern, N. C. ; Henry Weil, Goldsboro, N. C. ; E. C.
Duncan, Beaufort, N. C. ; Dempsey Wood, Falling Creek, N. C. OFFICERS : JAMES A. BRYAN, Pres. ;
M. Manly, Sec., Treas. & Purch. Agt.; S. I. Wooten, Aud., New Bern, N. C. GENERAL OFFICE,
New Bern. N. C.
BIG STONE GAP AND POWELL'S VALLEY RY.— At Big Stone Gap, Va., 4.5 miles.
Rail (steel), 30 Ibs. Gauge, 4 ft. 81 in. Chartered Feb. 24, 1890; road opened in Nov., 1890.
Locomotives, 2. Cars — passenger, 1; baggage, etc., 1; freight (flat), 2 — total, 4.
Operations, year ending June 30,1902. — Earnings (passenger, $4,998 ; freight, $2,044),
$7,042. Operating expenses, $4,186. Net earnings, $2,856. Paid taxes, $230 ; other charges.
$44 — total, $274. Surplus, $2,582.
General Balance Sheet, June, 30, 1902. — Capital stock paid in ($500,000 auth.; $100
shares), $60,000; funded debt (1st gold 6s of Jan. 1, 1908), $3,500; current liabilities, $415;
profit and loss, $2,278— total, $66,193. Contra: Cost of road, $44,903; lands owned, $3,227 ; cash
and current assets, $3,356 ; profit and loss, $11,110 — total, $62,596.
Directors. — R. A. Ayers, D. B. Wentz, H. C. McDowell, J. B. Ayers, E. L. Wentz, Big Stone
Gap, Va. OFFICKRS : R. A. AYERS, Pres. ; E. L. Wentz, Vice-Pres. ; J. B. Ayers, Sec. & Treas., Big
Stone Gap, Va. ; J. S. Wentz, Gen. Mgr., Mauch Chunk, Pa. GENERAL OFFICE, Big Stone Gap, Va.
BRANCHVILLE AND BOWMAN RR.—Branchville to Bowman, S. C., 10.5 m. ; branches, 4
m. ; total track, 14.5 miles. Gauge, 3 ft. Rail, 30 Ibs. Organized April 11, 1891 ; road completed
in 1893. Locomotive (leased), 1. Cars — passenger, 1; freight (box, 3; flat, 10), 13; other, 2 —
total, 16.
Operations, year ending June 30, 1902. — Earnings (passenger, $743 ; freight, $3,993), $4,736.
Operating expenses not reported.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($25,000 auth. ; $100 shares),
funded debt (1st mtge. 6 p. c. bonds), $35,000 — total, representing cost of property,
*
Directors. — Samuel Dibble, B. H. Moss, Samuel Dibble, Jr., Orangeburg, S. C. ; E T R.
Smoak, Branchville, S. C. ; Rhett L. Shuler, Bowman, S. C. OFFICERS: SAMUEL DIBBLE Pres.;
Samuel Dibble, Jr., Vice-Pres., Treas. & Sec.; T. O. S. Dibble, Gen. Mar., Orangeburg S C. GEN-
ERAL OFFICE, Orangeburg, S. O.
. BJJJN,SWICK A,NI! BIRMINGHAM RR. -Projected : Brunswick, Ga., to Birmingham,
Ala., 375 miles; completed up to Jan. 1. 1903, Brunswick to Bushnell, Ga., 109.6 miles. Gauge, 4
•8Jln Rail (steel), 60 Ibs. Chartered Dec. 11, 1900 ; road opened Oct. 1, 1901. In July, 1902,
[bed the Offerman and Western RR., Offerman to Nicholls, Ga., 35 miles, and in March, 1903,
mrchased the Ocilla and Irwinsville RR., 10 miles. Locomotives (leased), 5. Cars— passenger,
ggage etc 1; freight (box, 25; flat, 125 [leased], 150), total, 161. Net earnings from
operation (29 miles), two months ending Dec. 1, 1901, $1,337
fmi °,Pe* ?#«££' Pl^nof1}?8 June 30> 1902 («*«•«> mile's) .— Earnings (passenger, $8,294;
freight. $10,927), $19,221. Operating expenses, $29,618. Deficit from operations, $10*397.
274 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Financial Statement. Dec. 1. 1901 (latest rendered). — Capital stock auth. and subscribed
filOoJ per mile; funded debt, outstanding consists of $375.000 (auth. $15,000 per
mile) 1st mtce. 5 p'. c. 50-yr. gold coupon $1.000 each, bonds, dated March 5, 1901, due in 1951.
Directors. —E H Mason. J. J. Lott, C. J. Bushnell, Brunswick, Ga. ; Chas. L. Hyde, R. A.
Fmlrbalrn New York. N. Y. OFFICERS : CHAS. L. HYDE, Pres. ; R. A. Fairbairn, Vice-Pres.; C. J.
nttshnell7rre«.; H. P. Condit, Sec., New York, N. Y. GENERAL OFFICE, Brunswick, Ga. New
York Office. 71 Broadway.
CALDWELL AND NORTHERN BB.— Lenolr to Colletsville, N C.. 10.6 m. ; total track
<«taaL860 m) 121 miles. Rail. 30 Ibs. Gauge, 3 ft. Chartered March 9, 1891; charter
amended Feb. 25,' 1893 ; road opened In 1895. Locomotives, 2. Cars — passenger, 1 ; freight (flat),
' Operation*, year ending June 30, 1902. — Trains run (mixed), 12,204 miles. Passengers car-
ried.2163 ' carried one mile, 32,445. Tons freight moved, 8,743 ; ton-miles, 87,430. Earnings
MMenxer ' $895 ; freight, $6,269; other. $499), $7,663. Operating expenses, $9,215; taxes, $88
— total I $9 303. Deficit. $1.640; deficit forward. $5,706— total, $7,346.
General Balance Sheet, June 30, 1902.— Capital stock ($1,000,000 auth.; $100 shares),
$89200; current liabilities, $10,340 — total, $99,540. Contra: Cost of road and equipment. $92,-
194 ; profit and loss, $7,346 — total, $99,540.
Directors (elected Oct. 15, 1902). — Howard T. Goodwin, Win. J. Merrill, Wm. S. Harvey, Peter
Boyd Philadelphia, Pa. ; Chas. H. A. Rupp, Geo. O. Shakespeare, Lenolr, N. C. ; John H. Danen-
bower Bethayres. Pa. OFFICERS: WM. J. MERRILL, Pres.; Peter Boyd, Vice-Pres., Philadelphia,
Pa. • John H Danenbower, Treaa. A Sec., Bethayres, Pa. ; Jas. C. Williams, Gen. Mgr.; L. C. Wat-
son, O«n Supt., Lenoir. N. C. GENERAL OFFICE, 1420 Chestnut St., Philadelphia, Pa.
CAPE FEAR AND NORTHERN RY. — Projected : Durham to Fayetteville, N. C., about
80 miles Completed up to June 30, 1902: Apex to Angler, N. C., 20 miles. Gauge, 4 ft. 8} in.
Rail (steel), 50 Ibs. Organized March 2, 1898 ; road opened to Angler, in March, 1899.
Operations, year ending June 30, 1902. — Passengers carried, 5,705 ; carried one mile, 74,486.
Tons freight moved, 24,974; ton-miles, 492,365. Earnings (passenger, $2,859; freight, $17,366;
other. $1,069), $21,294. Operating expenses, $13,820. Net earnings, $7,474. Payments: Taxes,
$446; dividends (4 p. c.), $4,000 — total, $4,446. Surplus, $3,028; surplus forward, $18,747 —
total. $21,775.
General Balance Sheet, June 30. 1902. — Capital stock ($100 shares), $100,000; current
liabilities, $2,815; profit and loss, $21,775 — total, $124,590. Contra: Cost of road and equipment,
$117,399; lands owned, $713; materials, etc., $1,136; cash and current assets, $5,342 — total,
$124.590.
Directors. — J. E. Stagg, J. C. Kllgo. Geo. W. Watts, Durham, N. C. ; J. C. Angler, Apex, N. C. ;
H. E. Norrls, Raleigh, N. C. ; T. F. Wilkinson, Gary, N. C. OFFICERS: B. N. DUKE, Pres.; J. B.
Stagg, Vice-Pres., Durham, N. C. ; J. C. Angier, Sec., Trees. & Gen. Mgr.; Geo. E. Lemmon, Supt.,
Apex, N. C. ; T. F. Wilkinson, Atid., Gary, N. C. GENERAL OFFICE, Apex, N. C.
CAROLINA AND NORTHWESTERN RY.— Chester, S. C., to Lenoir, N. C., 109.3 m. ;
total track (steel, 50.18 m.), 115.03 miles. Rail, 30, 50, and 60 Ibs. Gauge, 4 ft. 8i in. Reor-
ganization, Feb. 8. 1897, of the Chester and Lenoir RR. Co. (See MANUAL for 1896, page 910.) On
Jan. 1, 1899, the company completed and put In operation its own line between Newton and Hickory,
N. C., 9.9 miles, and abandoned the use of the Southern Ry. between the same points. The gauge
was changed to standard during 1902. Locomotives, 8. Cars — passenger, 11 ; baggage, etc., 5 ;
freight (box, 66; stock, 6; flat, 30; coal, 9), 111 — total, 127.
Operations, year ending June 30, 1902. — Trains run (passenger, 72,698; freight, 111,413),
184,111 miles. Passengers carried, 71,603 ; carried one mile, 1,985,888. Tons freight moved,
96.621; ton-miles, 2,196,595. Earnings (passenger, $42,894; freight. $114,494; other, $10,385),
$187,773. Operating expenses, $99,853. Net earnings, $67,920. Payments : Interest on bonds,
$22.500 ; other interest, $49 ; taxes, $4,092 ; permanent improvements, $2,759 — total, $29,400.
Surplus, $38.520 ; less deficit carried forward, $13,145 — net surplus, $25,375.
General Balance Sheet, June 30, 1902. — Capital stock ($1,000,000 common and $1,000,000
non-cumulative 4 p. c. preferred; $50 shares), $2,000,000; funded debt (1st gold 5s of May 1,
1950). $1,320,000; interest accrued, not due, $58,042; profit and loss, $25,375 — total, $3,403,417.
Contra : Cost of road and equipment, $137,743 ; materials, etc., $12,530 ; cash and current assets,
$79,623 ; profit and loss, $25,375 — total, $255,271. The company failed to supply a proper bal-
ance sheet.
Funded Debt. — The amount authorized on the present mileage is $1,320,000, but additional
bonds may be issued to the amount of $12,000 per mile for extensions, and during 1903 and 1904
further bonds to the amount of $2,000 per mile of such extensions may be issued to acquire and pay
for equipment.
Directors. —J. L. Agurs, T. H. White, J. H. Marion, W. Holmes Hardin, Chester, S. C. ; J. F.
Wallace, Yorkville, 8. C. ; Geo. A. Gray, Gastonia, N. C. ; J. A. Martin, Hickory, N. C. OFFICERS :
WM. A. BARBER, Pres., New York, N. Y. ; M. S. Lewis, Treas. ; 3. J. McLure, Sec., Chester, S. C.
GENERAL OFFICE, Chester, S. C.
CAROLINA NORTHERN RR. — Lumberton, N. C., to Marion, S. C., 40.24 m. ; total track
(steel; 60 Ibs.), 42.11 miles. Gauge, 4 ft. 8} in. General charter dated Jan. 14, 1899; special
charter. Feb. 22, 1899 ; road opened to Klngsdale, 5 m., Jan. 1, 1900 ; to Proctorvilie, 10 m., July
1. 1900 ; to Barnesville, Dec. 15, 1900 ; opened throughout, Dec. 1, 1901. Placed in the hands of a
receiver on Dec. 2, 1902. Locomotives, 3. Cars — passenger, 3 ; baggage, etc., 2 ; freight (box, 8 ;
flat, 30), 38— total, 43.
Operations year ending June 30, 1902. — Passengers carried, 11,379 ; carried one mile, 137,-
150. Tons freight moved, 7,806; ton-miles, 101,489. Earnings (passenger, $4,061; freight,
$22.863). $26.924. Operating expenses, $18,247. Surplus, $8,677. Deductions, $22,046. Deficit,
$13,369.
Financial Statement. June 30, 1902. — Capital stock ($10 shares), $500,000; funded debt
(1st gold 6s of April 1, 1929), $500,000 — total stock and bonds, $1,000,000. Cost of road to June
30, 1902. $1,008.000.
Directors. — Augustus Melller, Ellwood C. Jackson, Robert L. Forrest, Geo. D. Yeakel, H. L.
Elklnn. Philadelphia, Pa. ; E. K. Proctor, Jr., Lumberton, N. C. OFFICERS : W. J. EDWARDS, Re-
ceiver, Klngsdale. N. C. ; AUGUSTUS MELLIKR, Pres.; H. L. Elkins, Vice-Pres. ; Thos. L. Carson, Sec.
* Tro^ •r,PbiladeopMlf; Pa-r;v F- C; McN«?'y. °«n- S«P<-> Marion, S. C. GENERAL OFFICE, 316, 318
and 320 Bourse Building, Philadelphia. Pa.
POOR'S MANUAL OF RAILROADS. 275
CARRABELLE, TALLAHASSEE AND GEORGIA RR.— Projected : Carrabelle, Fla.,
to Thomasville, Ga., 100 miles. Completed to June 30, 1902 : Carrabelle to Tallahassee, Fla., 50
m. ; total track, 53.58 miles. Rail (steel), 56 Ibs. Gauge, 4 ft. 9 in. Successor, Jan. 5, 1891, to
the Augusta, Tallahassee and Gulf RR. Co. (See MANUAL for 1894, page 171.) Completed to Talla-
hassee by present company in Oct., 1893. Under its land grant the company has earned 600,000
acres of land, nearly one-fourth of which has been received. Locomotives, 3. Cars (passenger and
freight), 60.
Operations, year ending June 30, 1902. — Trains run (passenger, 38,000; freight, 30,100),
68 100 miles. Passengers carried, 18,382 ; carried one mile, 919,100. Tons freight moved, 35,594;
ton-miles, 1,779,700. Earnings (passenger, $22,796; freight, $28,604; other, $14,540), $65,940.
Operating expenses, $59,557. Net earnings, $6,383.
Financial Statement, Juno 30, 1902. — Capital stock authorized ($100 shares), $1,000,000;
funded debt (1st 6s of 1914), $500,000 — total stock and bonds, $1,500,000.
Directors. — Chas. M. Zen, Wm. C. Clark, J. P. Contrell, Newark, N. J. ; S. D. Chittenden, F. T.
Myers, Tallahassee, Fla. OFFICERS : CHAS. M. ZEH, Pres., Newark, N. J. ; S. D. Chittenden, Vtce-
Pres. & Gen. Mgr., Tallahassee, Fla. ; J. P. Contrell, Sec. & Treas., Newark, N. J. ; F. W. Armstrong,
And., Tallahassee, Fla. GENERAL OFFICE, Tallahassee, Fla.
CARTHAGE RR.— Cameron to Hallison, N. C., 18.50 m. ; total track (steel, 13 m.), 20 miles.
Rail — iron, 50 Ibs. ; steel, 40 Ibs. Gauge, 4 ft. 8i in. Locomotives, 2. Passenger cars, 2. Char-
tered April 29, 1886 ; road opened from Carthage to Hallison, Jan. 30, 1898. ( See MANUAL for
1898, page 163.) Leased to W. C. Petty, of Manly, N. C., for 97 years from June 1, 1890. The
company owns the line from Cameron to Carthage, 10 miles, and the lessee owns the line from
Carthage to Hallison, 8.5 miles. The lessee pays for the use of the former section a yearly rental
of $1,440.
Operations, year ending June 30, 1902. — Earnings (passenger, $3,560; freight, $14,065),
$17,625. Operating expenses, $10,679. Net earnings, $6,946. Deductions: Rental, $1,440 ; taxes,
$534 ; other charges, $75 — total, $2,049. Surplus, $4,897 ; surplus forward, $18,292 — total,
$23,189.
Financial Statement, June 30, 1902. — Capital stock paid in ($250,000 auth. ; $25 shares),
$16,050. Cost of road and equipment, $79,400.
Directors. — W. T. Jones, Geo. C. Graves, Jas. D. Mclver, L. P. Tyson, A. H. McNeill, C. J.
Shaw, Carthage, N. C. ; one vacancy. OFFICERS: (Vacancy), Pres.; W.J.Adams, Sec.; W. C. Petty,
Lessee <& Gen. Mgr. ; W. C. Petty, Jr., And., Carthage, N. C. GENERAL OFFICE, Carthage, N. C.
CHARLESTON, CLENDENNIN AND STTTTON RR.— Projected : Charleston to Button,
W. Va., 100 miles. Completed to Dec. 31, 1902 : Charleston to Big Otter, W. Va., 64 m. ; total
track (steel; 60 Ibs.), 70 miles. Gauge, 4 ft. 8J in. Chartered May 1, 1891; road completed to
Clay Court House, 51 m., at the close of 1895 ; extended to Big Otter during 1901. There is
now under construction, 25 miles of additional road to be completed during 1903. Locomotives,
4. Cars — passenger, 4; freight (box, 3; flat, 24; coal, 86), 113; service, 2 — total, 119.
Operations, year ending June 30, 1902. — Earnings (passenger, $37,045; freight, $141,940;
other, $555), $179,540. Operating expenses, $53,692. Net earnings, $125,848. Total deductions,
$120,606. Surplus, $5,242.
General Balance Sheet, Dec. 31, 1901 (latest rendered). — Capital stock paid in ($3,000,000
auth. ; $100 shares), $1,890,600; funded debt (1st gold 5s of Oct. 1, 1944), $1,500,000 ; bills pay-
able, $61,102 ; current liabilities, $3,116 ; interest accrued, $224,453 — total, $3,679,271. Contra:
Cost of road and equipment, $3,283,299 ; cash and current assets, $25,812 ; profit and loss, $370,-
160 — total, $3,679,271.
Directors (elected Dec. 19, 1902). — H. G. Davis, Arthur Lee, S. B. Elkins, John T. Davis, El-
kins, W. Va. ; T. B. Davis, Keyser, W. Va. ; C. M. Hendley, Washington, D. C. ; C. C. Lewis,
George E. Price, Charleston, W. Va. ; Malcolm Jackson, Clarksburg, W. Va. OFFICERS : H. G.
DAVIS, Pres.; Arthur Lee, Vice-Pres. & Treas., Elkins, W. Va. ; C. M. Hendley, Sec., Washington,
D. C. GENERAL OFFICE, Charleston, W. Va.
CHARLESTON TERMINAL CO. — In Charleston, S. C., 5.02 m. ; total track (10 miles
owned), 11.25 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs. On July 14, 1903, the railroad,
wharves, cotton press and other property of the East Shore Terminal Co. (see MANUAL for 1902,
page 253) and of the Commercial Wharf and Cotton Press Co. were sold under foreclosure and
were purchased by representatives of the bondholders, who reorganized as a new corporation under
the style of Charleston Terminal Co. The property of the company consists of 14 wharves, 30
warehouses, about 30 acres of land, 4 cotton compresses, etc., on the water front of the city of
Charleston, besides a railroad as above connecting these properties with the lines entering the
The business of the company is the transportation of freight between the railroads and piers,
a general wharfage business and the compressing and storing of cotton.
Financial Statement, July 15, 1903. — Capital stock, $200,000 ; funded debt ( 1st gold 4s of
, 1953; auth., $1,000,000), $500,000 — total stock and bonds issued and outstanding,
The remaining $500,000 of bonds are reserved to be issued for the acquisition of addi-
tional property and for betterments and improvements. Trustee of bonds : Standard Trust Co. of
New York, N. Y.
Traffic Guaranty. — The Southern Ry. Co. and the Atlantic Coast Line RR. Co. have entered
•> an agreement with the Charleston Terminal Co., by which they undertake to turn over
the Charleston Terminal Co. for terminal handling all their traffic in car load lots, moving to
r from wharves, warehouses, and industries on the tracks of the Charleston Terminal Co., and to
pay for such services such allowances as will suffice to yield to the Charleston Terminal Co., with
s other income, a revenue sufficient to meet the interest upon its said 1st mtge. 4 p. c. bonds,
guaranteeing in case of a deficiency to make good the same in equal contribution, half and half.
The trustee of the bonds is made a party to this agreement, so as to give the bondholders the
benefit of it.
Directors.— R. G. Edwin, New York, N. Y. ; Fairfax Harrison, Washington, D. C. ; William E.
Huger, C. S. Gadsden, Charleston, S. C. ; R. D. Lankford, New York, N. Y. OFFICERS : WM. E.
Hi I.K.R, Pres., Charleston, S. C. ; W. H. Hendee, Vice-Prcs., New York, N. Y. ; Hugh Fraser Sec
Charleston, S. C. ; C. E. A. McCarthy, Asst. Sec.; R. D. Lankford, Treas., New York, N. Y. ; H. C.
'rince, And., Wilmington, N. C. GKNERAL OFFICE, Charleston, S. C.
CHATTAHOOCHEE VALLEY RR.— West Point, Ga., to Jester, Ala., 17 miles. Gauge, 4
Rail (steel), 56 and 60 Ibs. Chartered in 1895; road opened in Jan., 1897. Connects at
t Point, Ga., with the Western Ry. of Ala. and the Atlanta and West Point Ry. Locomotives, 2.
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Can— passenger. 3 ; freight. 11— total. 14. Capltai stock paid In ($1,000,000 auth. ; $100 shares)
fll£ooa Funded debt "lit 6s of Dec. 1. 1916). $110.000.
Operation* rear ending June 30, 1902.— Earnings (passenger, $9.449; freight, $25,741]
$36 ItRX Operating expense*, $18,121. Net earnings. $17,069; other income, $66— total. $17.138
Total deductions. $6.928. Surplus, $10.207.
Director*. -H. S. Sears. Boston. Mass.; E. F. Lanier. L. Lanier West Point, Ga. ; W.
Wellington. O. H Luke. Jas. Pierce. H. 8. Pannenter. J. E. Oale, T. B. Sears. Boston. Mass. OP
cBBs: L. LANIEB. Prw. A Ckm. Myr., West Point. Oa. ; W. H. Wellington, Vice-Pres.; H. S. Sea
Treat., Boston, Mass. ; E. F. Lanier, Bee., West Point, Ga. GENERAL OFFICE, West Point, Ga.
CHKSAI'KAKF WKSTFRN RY. Brtdfewater to North Rhrer Gap, Va.. 18.96 m. J Che
peake and Western RR. (leased ; see below), 26.67 m. ; Norfolk and Western Ry. (trackage), Elk tot
Va. 033 m — total operated, 40.96 miles. Sidings (owned, 1.30 m. ; leased, 1.69), 2.99 mile
Rail (steel). 80 lb«. Gauge. 4 ft. 8) in. Chartered March 3, 1900, and built the line, Bridgewat
to North River Gap. Va., which was opened for traffic June 1, 1902. The Chesapeake and Wester
RR. was leased as of May 1, 1902. Locomotives, 3. Cars — passenger, 4 ; baggage, etc., 4 ; frelgt
(box 20; gondola, 20; flat, 28), 68; service, 2 — total, 78. Of this equipment, 2 locomotives, an
2 passenger 2 baggage, 20 box, 20 gondola, 8 flat and 2 service cars are leased.
Operations, year ending June 30, 1902 (aver. 28.16 miles). — Train mileage (passenger, 25,
868; mixed. 17,632). 43,600 miles. Passengers carried, 43,112; carried one mile, 475.927. Tor
freight moved, 24.794 ; ton-miles. 375,272. Earnings (passenger, $13,319 ; freight, $16,305 ; othe
$7501), $37.125. Operating expenses, $43,263. Deficit from operations ($6,138; less other r
celpts $5550). $588. Charges: Taxes, $1,980; rental, $5,550 — total, $7,530. Total deficit fo
year $8 118 Surplus forward, $2,310. Net deficit June 30, 1902, $5,808.
General Balance Sheet. June 30, 1902. — Capital stock (see below), $1,419,600; funded del
(1st 4s of Out 1, 1951; $35,000 per mile auth.), $1,419,000; current liabilities, $18,112 — tot
$2 856 712 Contra : Cost of road and equipment, $1,442,265 ; securities owned, $1,396,335 ;
terUls.' etc., $2.146 ; cash and current assets, $10,158 ; profit and loss, $5,808 — total, $2,866,712.
Capital Stock. — Capital stock authorized, $20,000 per mile common stock and $15,000 p
mile preferred stock ; $100 shares. Paid in June 30, 1902, $811,200 common stock, and $608, 4(
preferred stock.
RAILROAD LEASED BY THE CHESAPEAKE AND WESTERN RY. Co.
CheMpeake and 'Western RR. — Elkton
Junction to Bridgewater, Va., 26.67 ; trackage, N.
A W. Ry., 0.33 — total, 27 m. ; total track (steel;
80 IDS.). 28.69 miles.
Chartered Jan. 22, 1892, as the Chesapeake,
Shendun and Western RR. Co.. present name
adopted May 14, 1895. Road opened as above April
29, 1896. Leased to the Chesapeake Western Ry.
from May 1. 1902.
Capital stock authorized, $20,000 per mile
common and $5,000 per mile of preferred ; issue
up to June 30, 1902, $535,500 of common and $50,-
900 of preferred. Funded debt, $660,000 1st gol
5s of Aug. 1, 1945.
De Witt Smith, Pres., New York, N. Y. ; G.
Burnett, Vice-Pres., Verona, N. J. ; W. H. Hal
Treas., J. C. Ward, Sec., 141 Broadway, Ne
York, N. Y.
Directors, C. W. Ry. (elected March 3, 1903). — De Witt Smith. Edgar Madden, E. W. Mill
New York. N. Y. ; H. T. W. Huntling, F. T. Woodruff, Elizabeth, N. J. OFFICERS : DE WITT SMITI
Pres.; Edgar Madden. Vice-Pres.; W. H. Hall, Treas. ; John C. Ward, Sec., New York, N.
PRINCIPAL OFFICE, Richmond. Va. New York Office, 141 Broadway.
COLLINS AND REIDSVILLE BB.— Collins to Reidsville, Ga., 6.91 m. ; total trai
(steel; 40 Ibs.), 7.07 miles. Gauge, 4 ft. 81 in. Chartered Aug. 26, 1895; road opened April 2
1896. Locomotive, 1. Cars—combination, 1 ; baggage, 1 — total, 2.
Operations, year ending June 30, 1902.— Earnings (passenger, $1,750; freight, $4,367
$6.117. Operating expenses, $4,695. Net earnings, $1,422. Deductions, $2,986. Deficit for yi
$1.564.
General Balance Sheet, June 30, 1899 (latest rendered). — Capital stock ($25 shares), $10,
funded debt (1st 6s of Jan. 1, 1916), $40,000; bills payable, $615; current liabilities, $210
other liabilities. $6,766 — total, $57,590. Contra: Cost of road and equipment, $50,000 ; cash a
current assets, $1,631 ; profit and loss, $5,959 — total, $57,590.
Directors.— R. B. Reppard, Savannah, Ga. ; F. T. Lockhart, Augusta, Ga. ; Enoch Gil
Reppard, Reidsville. Ga. OFFICERS : R. B. REPPARD, Pres. ; 3. A. Englerth, Sec.
MM., Savannah, Ga. ; A. A. Reppard. Mgr., Reidsville, Ga. GENERAL OFFICE, Savannah, Ga.
MI OOIiI?fB,fA' NEWBERBY AND LATJBENS BB.— Columbia to Laurens, S. C., 75 m.
ddJngB. 3.6 miles 0auSe> 4 ft 9 ln- Rail (steel), 56 Ibs. Chartered Dec. 26, 1885; road con
1 to Dover Junction, S. C.. in 1891; extended to Laurens early in 1896. Locomotives (
total 21 ™ — pa88enger> 2: Da*8ase, etc.. 2; freight (box, 2; stock, 5; flat, 10), 17
Op«'»tipns, vear ending June 30, 1902. — Trains run (passenger, 264,250; freight 858,500,
freight moved, 116,446. Earnings (passenger, $40,617; freight, $131,344
Operating expenses, $123,711. Net earnings, $56.883. Payments : In
s, $6.878— total, $35,273. Surplus, $21,610
T?,ocr>,> 1902-— Capital stock ($25 shares), $500,000; funded deb
;i.336,054; other liabilities, $92,118— total, $1,928,172. Contra: Cos
' :CaSh "* ^"^ a88CtS' $56>542 : °ther aSS6t8' $11>00° :
.i'> JY- T- Martln. W. A. Clark, W. H. Lyles, Columbia, S. C. ; J. S
'. Bal"m°r«- >fd.: E. St. Jdhn, Portsmouth, Va. ; W. G. Elliott. W. A. Rlach
' N'D,C' '" 5 £ Mo*elev' Prosperity, S. C. ; M. A. Carlisle, Newberry, S
,WESTEBN KB..— Darien to Middleton, Ga., 28 m. ; Crescent to Belle-
14 1*94" .. Va»u (?,te€l : 50 and 60 lbs-)> 30 mlles- 0auSe. 4 ft. 8i in. Chartered May
i« ii- , *2« ^e880r to. the Darlen Short Line, sold under foreclosure. Road completed as above
20^-total 24 LocomotlTe8- 2- Cars— passenger, 3; baggage, etc., 1; freight (box, 2; flat, 18).
POOR'S MANUAL OF RAILROADS. 277
Operations, year ending June 30, 1902. — Earnings (passenger, $7,236 ; freight, $4,050; other,
$1,525), $12,810. Operating expenses, $13,226. Deficit, $416.
Financial Statement, June 30, 1902. — Capital stock ($100 shares), $200,000. Funded debt
outstanding consisted of $60,000 1st gold 5s of Dec. 1, 1914, and $12,000 income 2d gold 5s of June
1, 1916 — total stock and bonds, $272,000.
Directors (elected Feb. 12, 1903). — W. A. Wilcox, J. K. Clarke, Jr., F. H. MacFarland, Wm. H.
Strain, Darien, Ga. ; Donald Mackay, Geo. D. Mackay, Waldo G. Morse, New York, N. Y. OFFICERS :
F. H. MCFARLAND, Pres. & Gen. Mgr., Darien, Ga. ; Donald Mackay, Vice-Pres. ; Waldo G. Morse,
Sec.; Geo. D. Mackay, Treas., New York, N. Y. GENERAL OFFICE, Darien, Ga.
DRY FORK RR. — Hendricks to Armentrout, W. Va., 30 m. ; total track (steel; 60 Ibs.),
30.95 miles. Gauge, 4 ft. 8J in. Chartered Dec. 14, 1892 ; road opened Oct. 1, 1894. Connects
with the W. Va. C. & P. Ry. at Hendricks. It is proposed to extend the road to a connection with
the C. & O. Ry., a distance of about 50 miles beyond the present terminus. Locomotives, 5. Cars —
passenger, 1 ; combination, 1 ; freight, 3 ; other, 8 ; service, 2 — total, 15.
Operations, year ending June 30, 1902. — Trains run (passenger, 19,212; freight, 18,367;
other, 12,421), 50,000 miles. Passengers carried, 23,707; carried one mile, 323,804. Tons freight
moved, 91,790; ton-miles, 2,521,172. Earnings (passenger, $10,034; freight, $62,831; other,
$2,252), $75,117. Operating expenses, $51,103. Net earnings, $24,014. Payments: Interest on
bonds, $5,134 ; other interest, $2,861 ; taxes, $1,826 — total, $9,821. Surplus, $14,193 ; surplus
forward, $78,184 ; additions during year, $652 — total surplus June 30, 1902, $93,029.
General Balance Sheet, June 30, 1902. — Capital stock ($100,000 auth.; $100 shares), $51,-
000; funded debt (1st 6s of July 1, 1909), $80,119 ; current liabilities, $60,633 ; interest accrued,
$2,003 ; profit and loss, $93,029 — total, $286,784. Contra : Cost of road and equipment, $207,394 ;
materials, etc., $2,355 ; cash and current assets, $77,035 — total, $286,784.
Directors. — Robert F. Whitmer, John Halfpenny, Philadelphia, Pa. ; Alfred S. Elliott, Martin
Lane, Wilmington, Del. ; A. J. Armstrong, Bayard, W. Va. OFFICERS : R. F. WHITMER, Pres.,
Philadelphia, Pa.; A. J. Armstrong, Vice-Pres.; Bayard, W. Va. ; Martin Lane, Sec. & Treas.,
Wilmington, Del.; C. W. Mosser, Gen. Mgr.; F. E. Mower, Aud., Hendricks, W. Va. GENERAL
OFFICE, Hendricks, W. Va.
DURHAM AND CHARLOTTE RR.~ Gulf to Star, N. C., 33.75 miles. Gauge, 4 ft. 9 In.
Rail (steel), 56 Ibs. Chartered in 1893. On July 15, 1896, purchased the entire property of the
Glendon and Gulf RR. Co. (See MANUAL for 1896, page 213.) Locomotives, 3. Cars — passenger,
1; freight (flat), 3; other, 2 — total, 6. (See MANUAL for 1898, page 166.) Capital stock ($100
shares), $10,000. Cost of road and equipment, $157,063.
Operations. year ending June 30, 1902. — Earnings (passenger, $2,305; freight, $12,508),
$14,813. Operating expenses, $12,069. Net earnings, $2,744. Paid taxes, $432. Surplus, $2,312.
Directors. — John B. Lennig, Bridesburg, Pa. ; E. H. Middleton, Frankfort, Pa. ; J. S. Carr,
Wm. S. Peay, Wm. A. Guthrie, Durham, N. C. OFFICERS : JOHN B. LENNIG, Pres. & Sec., Brides-
burg, Pa. ; J. S. Carr, Vice-Pres.,. Durham, N. C. ; E. H. Middleton, Treas., Frankford, Pa. ; J. H.
Kennedy, Aud., Gulf, N. C. GENERAL OFFICE, Gulf, N. C.
EAST CAROLINA RY. — Tarboro to Farmville, N. C., 24.52 miles. Gauge, 4 ft. 9 in.
Locomotives, 2. Cars, 24.
Operations, year ending June 30, 1902. — Gross earnings, $24,646. Operating expenses, $23,-
592 ; losses and wrecks, $1,054 — total, $24,646.
Financial Statement, June 30, 1902. — Capital stock ($200,000 auth.), $55,000. Cost of
road, $108,000.
Directors. — Not reported. OFFICERS: HENRY CLAY BRIDGERS, Pres.; Irwin Bridgers, Vice-
Pres. ; James Fender, Treas. ; R. R. Bridgers, Aud., Tarboro, N. C. GENERAL OFFICE, Tarboro, N. C.
EAST TENNESSEE AND WESTERN NORTH CAROLINA RR. -Johnson City,
Tenn., to Cranberry, N. C., 34 m. ; total track (steel ; 13.5 m.), 40 miles. Gauge, 3 ft. Rail, 40 and
48 Ibs. Chartered May 24, 1866 ; road opened, July 3, 1882. Locomotives, 3. Cars — combination,
3 ; freight (box, 13 ; stock, 3 ; flat, 76 ; ore, 24), 116 ; service, 15 — total, 134.
Operations, year ending June 30, 1902. — Trains run (passenger, 1,088; freight, 15,851;
mixed, 41,208), 58,147 miles. Passengers carried, 34,914 ; carried one mile, 391,241. Tons freight
moved, 64,224; ton-miles, 1,475,216. Earnings (passenger, $15,979; freight, $77,257; other,
$1.980), $95,216. Operating expenses, $57,949. Net earnings, $37,267 ; other receipts, $203 — total,
137,470. Payments: Interest on bonds, $10,000; other interest, $1,045; taxes, $2,879 — total,
$13,924. Surplus, $23,546 ; deficit forward, $98,572 — net deficit, $75,026.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $501,900; funded
debt (1st 4s of Nov. 1, 1905), $250,000; current liabilities, $116,443 — total, $868,343. Contra:
Cost of road and equipment, $780,327 ; cash on hand, $12,990 ; profit and loss, $75,026 — total,
$868,343.
Directors (elected March 11, 1903). — Frank Firmstone, Easton, Pa.; R. F. Hoke, Raleigh,
1. M. Howe, John S. Wise, Calvin Pardee, Frank P. Howe, Philadelphia, Pa. ; Mahlon Pitney,
Morristown, N. J. OFFICERS : R. F. HOKE, Pres., Raleigh, N. C. ; John S. Wise, Sec. & Treas.,
Philadelphia, Pa.; Geo. W. Hardin, Supt.; J. E. Vance, Aud., Cranberry, N. C. GENERAL OFFICE.
240 South Third St., Philadelphia, Pa.
EGYPT RY.— Colon to Cumnock, N. C., 8 miles. Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs.
Chartered June 14, 1890 ; road opened Oct. 15, 1891. Locomotive, 1. Cars — passenger, 1 ; freight
(box, 2; flat, 2; coal, 23), 27; caboose, 1; service, 2 — total, 31.
Operations, year ending June 30, 1902. — Gross earnings, $5,225. Operating expenses, $7,581.
Deficit, $2,356. Charges : Interest on funded debt, $6,480 ; taxes, $188 — total, $6,668. Net deficit,
$9,024.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $125,000; funded debt
st 6s of 1920), $108,000 ; current liabilities, $60,169 — total, $293,169. Contra : Cost of road and
equipment, $250,073.
Directors. — Samuel A. Henszey, K. K. Henszey, New York, N. Y. ; W. J. Tally, Cumnock, N. C.
SAMUEL A. HENSZEY, Pres. & Treas.; K. K. Henszey. Sec., 52 Broadway, New York.
«. Y. GENERAL OFFICE, Cumnock, N. C.
,r^AR-M7IIjL,E ,AND POWHATAN RR.— Bermuda to Farmville, Va., 88.72 m. ; Coal-
*° WlnJerPock, Va • 3'14 m- : other branches, 1.14 m. — total, 93 m. ; total track (steel, 66 59
(See MAiiS1*;^: i QQ^e> 3 ft o^all> 35 lbs" Chartered March 3, 1884 ; road opened March 3. 1890.
NUAL for 1891, pages 207 and 1103.) Receiver appointed on Oct. 27, 1899. Locomotives 6
278 POOR'S MANUAL OP RAILROADS — SOUTH ATLANTIC GROUP.
Can— passenger, 5; baggage, etc., 2; freight (box, 21; flat, 81; stock, 1), 103; service,
total, 112.
Operational year ending June 30, 1902. — Trains run (freight, 10,686; mixed, 59,444; other,
1,054). 71,184 miles. Passengers carried, 14,178 ; carried one mile, 255,780. Tons freight moved
82,375; ton-miles, 1,969,605. Earnings (passenger, $8,569; freight, $58,616; other, $8,915)
$76,100. Operating expenses, $65,527. Net earnings, $10,573; other receipts, $238 — total
$10,811. Paid taxes, $3,605. Surplus, $7,206 ; deficit forward, $223 ; net surplus, $6,983.
Receiver's Balance Sheet, June 30, 1902. — Current liabilities, $9,480 ; profit and loss, $6,983
— total, $16,463. Contra: Materials, etc., $2,208 ; land purchased, $441 ; cash and current assets,
$13.814 — total, $16,463.
General Balance Sheet. June 30, 1900 (latest rendered). — Capital stock paid in ($100
shares), $960,850; funded debt, $820,000; P. & P. RR. prior to receivership, $158,316; current
liabilities, $9,956 — total, $1,949,122. Contra: Cost of road and equipment, $1,868,459 ; materials
etc., $2.031 ; cash, $13,845 ; profit and loss, $64.787 — total, $1,949,122.
Capital Stock.— Capital stock consists of $500,000 common stock, $460,850 of which is paid in
and $500,000 fully paid preferred stock. The latter has a prior right to dividends up to 6 p.
annum, non-cumulative.
Ponded Debt. — The funded debt consists of $320,000 1st 6s of May 1, 1922, and $500,00€
2d income 6s of July 25, 1923. The 1st mtge. bonds are secured on the line from .It-mi ii
to Farmville, Va., about 58 miles, but not on the line formerly owned by the Brightbope Ry. Co
(Bermuda to Eppes Falls, 32.75 miles), on which the 2d mtge. bonds are the first lien The
mtge. bonds are also secured on the line from Jennings Crossing to Farmville, but subject in 1
to the 1st mtge. bonds.
Directors. — Franklin Stearns, M. L. Van Doven. J. R. Worth, J. C. Shafer, Richmond. Va. ;
D. Watkins. Farmville, Va. OFFICERS : T. M. R. TALCOTT, Receiver; N. V. RANDOLPH, Prea.
James R. Werth, Vice-Prea.; Qeo. M. Wilson, Sec. rf Treos.; R. T. Wilson, Aud., Richmond, Va'.
GENERAL OFFICE, Richmond, Va.
FLORIDA EAST COAST BY.— Jacksonville to Miami, Fla., 365.97 m. ; San Mateo June,
to San Mateo, Fla., 3.04 m. ; East Palatka to Palatka, Fla., 2.6 m. ; New Smyrna to Orange City
June., Fla., 28.06 m. ; West Palm Beach to Ocean Pier, 1.29 m. ; Jacksonville to Mayport, Fla., 26
m. ; Titusville to Sanford, Fla., 48 m. — total, 474.96 m. ; total track (steel ; 60 IDS.), 538.89 miles.
Gauge, 4 ft. 8J in. Successor, by change of name in 1895, to the Jacksonville, St. Augustine and
Indian River RR. Co. (See MANUAL for 1899, page 473.) The Enterprise and Titusville Division of
the Jacksonville, Tampa and Key West Ry. was acquired on April 22, 1899, and Jacksonville and
Atlantic Ry. in Sept., 1899. (See MANUAL for 1899, page 475.) This road is owned by H. M. Flag-
ler, New York, N. Y. Locomotives, 39. Cars — passenger, 60; baggage, etc., 19; freight (box, 300;
flat, 144). 444; caboose, 5; other. 22 — total, 550.
Operations, year ending June 30. 1902. — Earnings (passenger, $994,923; freight, $847,624;
other, $94,401). $1,936,948. Operating expenses, $1,403,292. Net earnings, $533,656. Total d>
ductions, $383,963. Surplus for year, $149,693.
Financial Statement, June 30, 1902. — Capital stock. $1,000,000 ; funded debt, $7.100,0
total, $8,100,000. The company has recently made a second mortgage for $8,741,000, and issu
about $6,000,000 bonds thereunder ; the balance is held in the treasury for future use. The
mortgage runs 30 years and bears 5 p. c. interest.
Directors. — H. M. Flagler, E. M. Ashley, New York, N. Y. ; Andrew Anderson, J. E. Ingraha
St. Augustine, Fla. ; J. R. Parrott, Jacksonville, Fla. OFFICERS : H. M. FLAGLER, Prea., New Yori
N. Y. ; J. R. Parrott, Vice-Prea. <t Gen. Mgr., Jacksonville and St. Augustine, Fla. ; W. H. Bea:
ley, Treos.; J. C. Salter. Sec.; New York, N. Y. GENERAL OFFICE, St. Augustine, Fla. New Yo
Office. 26 Broadway.
FLORIDA MIDLAND RR. — Longwood to Kissimmee, Fla., 44 m. ; total track (steel;
IDS.), 44.53 miles. Gauge, 4 ft. 8i in. Successor in Sept., 1896, to the Florida Midland Ry. Co.,
whose property was sold under foreclosure on March 4, 1896. (See MANUAL for 1896, page 211.)
Purchased by M. E. Bishop, Orlando, Fla., by whom the road is now operated.
Operations, year ending June 30, 1902. — Earnings (passenger, $65; freight, $3,562;
$17), $3,644. Operating expenses and charges, $8,422. Deficit for year, $4.778.
FLOVILLA AND INDIAN SPRINGS RY.— Flovilla to Indian Springs, Ga., 2.63 mil
Gauge, 4 ft. 8J in. Rail (steel), 30 Ibs. Organized April 11, 1897, as successor to the Indian Springs
and F lovilla RR. Co., whose property was sold under foreclosure April 5, 1897. (See MANUAL for
1897, page 163.) Locomotives, 2. Cars — passenger, 4 ; freight (flat), 1.
Operations, year ending June 30, 1902. — Gross earnings, $3,797. Operating expenses, $2,889.
Net earnings, $908. No further information obtainable.
Directors.— J. R. L. Smith, G. B. Elder, R. V. Smith, W. F. Smith, S. P. Smith, Flovilla, Ga.
OFFICERS : J. R. L. SMITH, Prea., Macon, Ga. ; G. B. Elder, Vice-Prea. & Treoa.; R. V. Smith, Sec.;
W. F. Smith, Oen. Mgr., Flovilla, Ga. GENERAL OFFICE, Flovilla, Ga.
GAINESVILLE AND GULF RY.— Sampson City to Fairfleld, Fla.. 48 m. ; total track
(steel ; 60 Ibs.), 50 miles. Gauge, 4 ft. 81 in. Chartered March 31, 1884, as the Gainesville, Rocky
Point and Micanopy Ry. ; name changed, July 24, 1895 ; opened from Gainesville to Micanopy,
1895; road completed as above during 1899. (See MANUAL for 1900, page 408.) Locomotives, 4
Cars — passenger, 2; baggage, etc., 1; freight (box, 1; flat, 13), 14; total, 17. Two locomotives,
2 passenger, and 1 baggage, etc., cars are held under car trust.
Operations, year ending June 30, 1902 — Trains run (passenger, 35,120 ; mixed, 30,048), 65,-
168 miles. Passengers carried, 15,263 ; carried one mile, 270,055. Tons freight moved, 46,001
ton-miles, 915,303. Earnings (passenger, $8,842; freight, $44,139; other, $14,663), $67,644
Operating expenses and taxes, $52,598. Net earnings, $15,046. Payments : Interest on bonds,
$9,OOO ; on floating debt, $3,871; other charges, $5 — total, $12,876. Surplus, $2,170; surpl -
forward, $5,608— total, $7,778.
General Balance Sheet. June 30, 1902. — Capital stock ($100 shares), $300,000; funded
debt ( 1st gold 6s of Jan. 2, 1929), $150,000 ; current liabilities, $67,391 ; interest accrued, $4,50(
accrued taxes, $1,164 ; car trust notes, $12,181 ; profit and loss, $7,778 — total, $543,014. Contra :
Cost of road and equipment, $504,725 ; leased equipment, $31,751 ; cash and current assets, $6,538-
total. $543.014.
Directors (elected Oct. 22, 1902). — V. J. Herlong, J. M. Graham, W. W. Hampton, Gaines-
Tllle, Fla. ; J. J. Barr, J. D. Watkins, Micanopy, Fla. ; Wm. Checkley Shaw, J. Marshall Johnson,
POOR'S MANUAL OF RAILROADS. 279
Maoon, Ga. OFFICERS : JAMES M. GRAHAM, Pres., Gainesville, Pla. ; J. J. Barr, 1st Vice-Prei.,
Micanopy, Fla. ; W. W. Hampton, 2d Vice-Pres. & Sec.; H. E. Taylor, Treas.; W. S. Banks, Aud.;
L. E. Barker, Gen. Supt., Gainesville, Fla. GENERAL OFFICE, Gainesville, Fla.
GEORGETOWN AND WESTERN RR.— Georgetown to Lanes, S. C., 36 m. ; logging
branch, 30 m. ; side track, 2 m. — total (steel; 40 to 60 IDS.), 68 miles. Gauge, 4 ft. 8J in. Reor-
ganization June 7, 1887, of the Georgetown a'nd Lanes RR. Co., whose property was sold under fore-
closure Oct. 6, 1886. The road was placed in the hands of a receiver on Dec. 16, 1902. Locomo-
tives, 15. Cars — passenger, 1; combination, 2; freight (box, 10; flat, 62; logging, 310), 382;
service, 13 — total, 398.
Operations, year ending June 30, 1902. — Trains run (passenger, 48,672; freight, 48,672;
mixed, 22,464), 119,808 miles. Passengers carried, 36,768; carried one mile, 882,432. Tons
freight moved, 360,040 ; ton miles, 10,081,120. Earnings (passenger, $26,473 ; freight, $145,927 ;
mail and express, $3,962; other, $26,167), $202,529. Operating expenses, $119,929. Net earnings,
$82,600. Payments : Interest on bonds, $25,000 ; taxes, $2,752 — total, $27,752. Surplus, $54,848.
General Balance Sheet, June 30, 1902. — Capital stock, $400,000 ; funded debt ( 1st gold 5s
of July 31, 1931), $500,000; current liabilities, $105,325; profit and loss, $105,106 — total, $1,110,-
431. Contra: Cost of road, etc., $1,009,722; cash, $647; current assets, $100,062 — total,
$1,110,431.
Directors. — Lester Leland, Boston, Mass.; H. M. Sadler, Jr., Francis Gordon Brown, New
York, N. Y. ; R. S. Farr, W. D. Morgan, F. S. Farr, E. L. Lloyd, Georgetown, S. C. OFFICERS : F. S.
FARR, Rec. & Pres., Georgetown, S. C. ; Francis Gordon Brown, Vice-Pres. ; H. M. Sadler, Jr., Treas.,
New York, N. Y. ; E. L. Lloyd, Asst. Treas. and Aud., Georgetown, S. C. GENERAL OFFICE, George-
town, S. C.
GEORGIA, FLORIDA AND ALABAMA BY.— In operation June 30, 1902. : Tallahassee,
Fla., to Arlington, Ga., 80.54 m. ; total track (steel; 60 IDS.), 84.87 miles. Gauge, 4 ft. 81 in.
Organized Nov. 2, 1895, as Georgia Pine Ry. ; charter amended April 22, 1901, changing name to
Georgia, Florida and Alabama Ry. Co. The road was in operation from Bainbriage to Arlington,
Ga., 39.62 miles, previous to June 30, 1901, and the line, Bainbridge to Tallahassee, Fla., 40.92
miles, was put in operation June 1, 1902. An extension, Arlington to Cuthbert, Ga., about 26 miles
in length, was completed and put in operation about Dec. 1, 1902. Locomotives (2 leased), 8.
Cars — passenger, 8; baggage, etc., 3; freight (box, 30; flat, 35), 65; service, 3 — total, 79.
Operations, year ending June 30, 1902. — Trains run (passenger, 58,320; freight, 24,290;
mixed, 3,034), 85,644 miles. Passengers carried, 45,588 ; carried one mile, 813,089. Tons freight
moved, 59,773; ton-miles, 1,426,807. Earnings (passenger, $22,905; freight, $48,583; other,
$6,625), $78,113. Operating expenses, $57,120. Net earnings, $20,993; other receipts, $99 —
total, $21,092. Payments: Interest floating debt, $1,800; taxes, $2,874; other charges (equip-
ment), $38,280 — total, $42,954. Deficit, $21,862. Surplus forward ($5,706, plus miscellaneous
credits, $2,762), $8,468. Net deficit, $13,394.
General Balance Sheet. June 30, 1902. — Capital stock ($100 shares), $350,000; funded
debt, $384,782 ; current liabilities, $162,769 ; interest accrued, not due, $588 — total, $898,139.
Contra : Cost of road and equipment, $764,942 ; cash and current assets, $20,499 ; other assets,
$99,304 ; profit and loss, $13,394 — total, $898,139.
Funded Debt. — Funded debt June 30, 1902, consisted of $375,000 ($550,000 auth.) 1st gold
5s of July 1, 1951, and $9,782, the details of which are not furnished. The balance of the 1st
mtge. bonds, $175,000 in amount, has been issued since June 30, 1902. The bonds cover the line
from Arlington to Tallahassee, 80.54 miles, together with all rolling stock, shops, machinery, etc.,
belonging to the company. There is a floating debt of $130,000, contracted in building an ex-
tension from Arlington to Cuthbert, Ga., about 26 miles, and secured by mortgage upon that
extension.
Directors. — J. P. Williams, T. A. Jennings, W. W. Mackall, Savannah, Ga. ; J. W. Callahan,
John R. Sharpe, R. L. Uzzell, C. H. Caldwell, J. S. McRee, Bainbridge, Ga. ; J. S. Bush, Colquitt,
Ga. ; J. J. McDonald, Cuthbert, Ga. ; W. L. Moor, Tallahassee, Fla. OFFICERS : J. P. WILLIAMS,
Pres., Savannah, Ga. ; Jno. R. Sharpe, Vice-Pres., Bainbridge, Ga. ; J. O. Hatch, Sec. & Treas.,
Savannah, Ga. ; W. M. Legg, Gen. Mgr., Bainbridge, Ga. GENERAL OFFICE, Bainbridge, Ga.
GEOBGIA NORTHERN BY.— Pidcock to Albany, Ga., 66 m. ; Moultrie westward, 6 m. —
total, 72 miles. Gauge, 4 ft. 8J in. Rail (steel), 40 to 60 Ibs. Chartered Nov. 23, 1894, to take
over the Boston and Albany RR. of Ga., which was sold under foreclosure in 1895. The road was
In operation, Pidcock to Doerun, 45 m., previous to June 30, 1900 ; was extended to Carlisle, 6 m.,
in Sept., 1900, and completed as above in 1902. Locomotives, 6. Cars — passenger, 4 ; baggage and
freight, 52 ; service, 8 — total, 64.
Operations, year ending June 30, 1902. — Gross earnings, $116,840. Operating expenses. $57,-
540. Net earnings, $59,300.
Financial Statement, June 30, 1902. — Capital stock ($100 shares), $150,000. Funded debt
(1st 6s of Dec. 1, 1904), $150,000.
Directors. — John F. Pidcock, C. W. Pidcock, F. R. Pidcock, W. S. Humphreys, Moultrie, Ga. ;
Pidcock, Jr., Whitehouse, N. J. OFFICERS: J. N. PIDCOCK, JR., Pres.; C. W. Pidcock, Vice-
Pres. & Gen. Mgr. ; F. R. Pidcock, Sec. & Treas., Moultrie, Ga. GENERAL OFFICE, Moultrie, Ga.
GLENN SPRINGS RR. — Glenn Springs to Roebuck, S. C., 10 m. ; total track (steel, 4 m.).
'.15 miles. Trackage, C. & W. C. Ry. : Roebuck to Spartanburg, S. C., 6 miles. Gauge, 4 ft. 9 in.
Rail, 56 and 60 Ibs. Organized Dec., 1893 ; road opened from Glenn Springs to Becca in Nov., 1894 ;
as above on July 1, 1896. Locomotive, 1. Cars — passenger, 1 ; baggage, 1. Equipment held under
car trust.
. Operations, year ending June 30, 1902. — Earnings (passenger, $2,063; freight, $3,151),
Operating expenses, $3,762. Net earnings, $1,452. Deductions, $912. Surplus for year,
*.,Oen£1r?>1 Balance Sheet, June 30, 1901 (latest rendered). — Capital stock paid in ($10,000
?Q^7$ iV^^'JI'00^ /Unde£ debt (lst 6s of July *• 1914>- $15,200; current liabilities,
-total, $41,03* Contra: Cost of road and equipment, $39,203; cash and current assets,
961 ; profit and loss, $873 — total, $41,037.
, , ,.
Directors.— H. S. Simpson, C. W. Zimmerman, Paul Simpson, R. C. Simpson, A. Z. Gates, A. O.
pso^UZ Gates. Glenn Springs, S C. ; J. F. Cleveland, S. J. Simpson, R. Z. Gates. Spartanburg,
<i.™W- Simpson. Woodruff, S. C. OFFICERS : H. S. SIMPSON, Pres., Treas. & Gen. Mgr.; A
Spring SC reS''' Simpson, Sec., Glenn Springs, S. C. GENERAL OFFICE, Glenn
280 POOR'S MANUAL OP RAILROADS — SOUTH ATLANTIC
HAMPTON AND BRANOHVILLE RR. —Hampton to Mauldinton, S. C., 20 miles. Rail
(steel). 66 aud 60 Ibs. Gauge, 4 ft. 8} In. Organized March 2, 1892 ; road completed as above dur-
ing 1895-96. Locomotives, 3. Cars — passenger, 1; freight (box, 6; flat, 5), 10; other 4 —
total 15.
Operation*, year ending June 30, 1902. — Gross earnings, $17,596. Operating expenses, $6,315.
Net income, $11,281.
General Balance Sheet, June 30, 1897 (latest rendered). — Capital stock ($100 snares),
$100,000; miscellaneous, $11,480; profit and loss, $70,510 — total, $181,990. Contra: Cost of road,
etc., $136,950; real estate, etc., $13,760; other property and assets, $31,080; cash, accounts, etc.,
$3.000 — total, $181,990.
Director*. — W. C. Mauldin, L. C Mauldii, J. Mauldin, J. C. Llghtsy, Hampton, S. C. OFFI-
CEBB: W. C. MAULDIN, Pres. A Treat.; J. Mauldin, Vice-Pres.; B. H. Cultino, Aud., Hampton, S. C.
GKNKHAL OFFICE, Hampton, 8. C.
HOLLY RIVER AND ADDI8ON RY. — Holly June, to Addison, W. Va., 29.81 m. ;
Addison June, to Hecbmer, W. Va., 4.20 m. ; Holly to Marpleton, W. Va. (3d rail), 2.50 m. — total,
36.51 miles. Gauges, 3 ft. and 4 ft. 8i in. Rail (steel), 40 and 45 Ibs. Chartered Sept. 10, 1898,
as successor to the Holly River RR. Co. (see MANUAL for 1899, page 477). The extension from Addl-
son Junction to Addison, 12.37 miles, was put in operation May 26, 1902. An extension from Brew-
fcter to Wabash RR. connection, 15 miles, is under construction. Locomotives, 4. Cars — passenger,
1; baggage, 2; freight (box, 6; flat, 6; logging, 69; coal, 1), 81; service, 1 — total, 85.
Operations, year ending June 30, 1902. — Earnings (passenger, $2,235; freight, $17,635;
other, $291), $20.161. Operating expenses, $19,157. Net earnings, $1,004. Paid taxes, $662. Sur-
plus, $342 ; deficit forward, $7,188 — net deficit. $6,846.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $260,000; current
liabilities, $121.049; other liabilities, $27,370 — total, $398,419. Contra: Cost of road and equip-
ment, $205,742 ; capital stock in treasury, $50,000 ; construction, $126,982 ; current assets, $8,849 ;
profit and loss, $6,846 — total, $398,419. Since the close of the fiscal year the company has issued
$200,000 1st 5 p. c. bonds, due Jan. 1, 1922.
Directors. — John T. McGraw, C. R. Durbin, John L. Hechmer, Grafton, W. Va. ; Geo. A. Hech-
mer. Palmer, W. Va. ; George W. Curtin, Jacob Fisher, Sutton, W. Va. ; C. P. Dorr, Addison, W. Va.
OFFICERS : JOHN T. MCGRAW, Pres., Grafton, W. Va. ; George W. Curtin, Vice-Pres. ; Jacob Fisher,
Oen. Counsel, Sutton, W. Va. ; C. R. Durbin, Trees. ; G. K. A. Kunst, Sec., Grafton, W. Va. ; Ueorge
A. Hechmer, Gen. tl.gr., Palmer, W. Va. GENERAL OFFICE, Grafton, W. Va.
INTERSTATE RR.— Stonega to Appalachla, Va., 5.35 m. ; total track (steel ; 62 Ibs.), 8.13
miles. Gauge, 4 ft. 9 in. Chartered Feb. 18, 1895; road opened same year. The road is operated
by the Virginia Coal and Iron Co., chiefly for the purpose of getting the product of that company to
market. It connects with the Louisville and Nashville RR. and with the Virginia and Southwestern
Ry. Locomotives, 2. Cars — passenger, 1; combination, 1; freight (flat, 4; coal, 1; other,. 2), 7
— total, 9. Capital stock ($100 shares), $50,000.
Operations, year ending June 30, 1902. — Earnings (passenger, $4,845; freight, $18,007),
$22,852. Operating expenses, $22,360. Net earnings, $492.
Directors. — J. S. Wentz, Mauch Chunk, Pa.; J. L. Wentz, W. C. Kent, Philadelphia, Pa.;
R. A. Ayers, D. B. Wentz, Big Stone Gap, Va. OFFICERS : J. S. WENTZ, Pres., Mauch Chunk, Pa. ;
D. B. Wentz, Vice-Pres., Big Stone Gap, Va. ; W. C. Kent, Sec. & Trees., Philadelphia, Pa. ; Otis
Mouser, Oen. Mgr., Stonega, Va. GENERAL OFFICE, Stonega, Va. Philadelphia Office, Room 712,
Reading Terminal.
JACKSONVILLE AND SOUTHWESTERN RR.— Jacksonville (Milldale) to Newberry,
Fla., 85.6 m. ; total track (steel, 60 Ibs.), 91.6 miles. Gauge, 4 ft, 9 in. Chartered March 11, 1899 ;
road opened 38 miles in Sept., 1899 ; as above in Dec., 1899. Locomotives, 8. Cars — passenger, 3 ;
freight (box. 39; flat, 25; log, 75), 139 — total, 142.
Operations, year ending June 30, 1902. — Trains run (passenger, 768 ; freight, 84,836 ; mixed,
62,200; other, 24,474), 172,278 miles. Passengers carried, 17,825; carried one mile, 854,387.
Tons freight moved, 180,218; ton-miles, 11,288,204. Earnings (passenger, $11.647; freight, $167.-
719; other, $3,115), $182,481. Operating expenses, $119,508. Net earnings, $62,973. Payments:
Interest on bonds, $30,000 ; taxes, $6,576 — total, $36,576. Surplus, $26,397 ; surplus forward,
$29,939— total, $56,336.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $100,000; funded
debt ($300,000 1st 6s of July 1, 1911, and $200,000 2d 6s of July 1, 1915), $500,000 ; current lia-
bilities, $100,856; profit and loss, $56,336 — total, $757,192. Contra: Cost of road and equipment,
$733,129; materials, etc., $3,456; cash and current assets, $20,607 — total, $757,192.
Directors. — C. W. Chase, L. W. Chase, H. F. Dutton. Jr., Gainesville, Fla. ; E. S. Spencer,
Jacksonville, Fla. OFFICERS: C. W. CHASE, Pres.; L. W. Chase, Vice-Pres. ; H. F. Dutton, Jr.,
Treat., Gainesville, Fla. ; E. S. Spencer, Sec. it Oen. Mgr., Jacksonville, Fla. GENERAL OFFICE,
Jacksonville, Fla.
LANCASTER AND CHESTER RY.— Chester to Lancaster, S. C., 28.6 m. ; total track
(steel. 30.67 m.), 30.77 miles. Gauge, 4 ft. 9 in. Rail, 60S Ibs. Chartered June 20, 1896. Suc-
cessor, July 1, 1896. to the Cheraw and Chester RR. Co., whose property was sold under foreclosure
on June 1, 1896. (See MANUAL for 1896, page 979.) Locomotives, 2 (1 leased.) Cars — passenger,
2; baggage, etc., 2; freight (box, 9; flat, 6; coal, 2), 17; service, 1 — total, 22.
Operations, year ending June 30, 1902. — Trains run (mixed, 41,054; other, 9,154), 60,208
miles. Passengers carried, 16,339 ; carried one mile, 298,537. Tons freight moved, 22,993 ; ton-
miles, 585,380. Earnings (passenger, $8,569; freight, $30,510; other, $2,576), $41,655. Operat-
ing expenses, $23,848. Net earnings, $17,807. Payments: Interest on bonds, $4,586 ; taxes, $1,524
— total, $6,110. Surplus, $11,697 ; surplus forward, $24,808 — total, $36,505.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $50,000; funded debt
(1st gold 5s of July 1. 1921), $135,000 ; current liabilities, $4,433 ; interest accrued, $3,375 ; profit
and los», $36.505 — total, $229,313. Contra: Cost of road and equipment, $201,495 ; materials, etc.,
$1,900 ; cash and current assets, $25,918 — total, $229,313.
Directors (elected Aug. 4, 1902). — Leroy Springs, Waddy C. Thomson, W. T. Gregory, L. C
Payseur. J. M. Heath, R. C. McManus, E. B. Springs, Lancaster, S. C. OFFICERS : LEROY SPRINGS,
Pren. ; E. B. Springs, Vice-Prea. ; Waddy C. Thomson, Treos. ; R. C. McManus, Sec.; A. P. Mc-
Lure, Aud. 6 8upt., Lancaster, S. C. GENERAL OFFICE, Lancaster, S. C.
LAWRENCisV.LL.LE BRANCH RR. — Lawrenceville to Suwanee, Ga., 9.61 m. ; total track
POOR'S MANUAL OF RAILROADS. 281
(steel; 30 Ibs.), 10 miles. Gauge, 3 ft Chartered Feb. 28, 1877; completed In Dec., 1881. Con-
nects at Suwanee with the Southern Ry. Locomotive, 1. Cars — passenger, 1 ; box, 2 ; flat, 2.
Operations, year ending June 30, 1902. — Gross earnings, $4,936. Operating expenses, $4,611.
Net earnings, $325.
Financial Statement, June 30, 1900 (latest rendered). — Capital stock ($25 shares), $45,000;
funded debt (1st 7s of July 1, 1890), $30,000; other liabilities, $42,567 — total, $117,567. Contra:
Cost of road, etc., $83,640 ; securities of other companies, $30,000.
Directors. — W. E. Simmons, T. K. Mitchell, M. E. Ewing, J. M. Wilson, Lawrenceville, Ga.
OFFICERS : T. M. PEEBLES, Pres. ; J. R. McKelvey, Gen. Mgr., Lawrenceville, Ga. GENERAL OFFICE,
Lawrenceville, Ga.
LITTLE KANAWHA BB. — Parkersburg to Palestine, W. Va., 30 m. ; total track (steel:
56 Ibs.), 38 miles. Gauge, 4 ft. 81 in. Chartered May 6, 1896, to build a railroad from Parkersburg
to Burnsville, W. Va., a distance of 112 miles, passing through an important coal, oil, and timber
region. Construction was begun in June, 1897, and the road was opened to Palestine in March, 1898.
Company reorganized Nov. 14, 1901. Capital stock paid in ($3,000,000 auth. ; $100 shares), $509,-
500. The company has received municipal aid to the amount of $192,500. There is no mortgage
or other indebtedness on the road. Locomotives, 3. Cars — passenger, 1 ; baggage, etc., 1 ; freight
(box, 12; flat, 10), 22 — total, 24.
Operations, Nov. 22, 1901, to June 30, 1902. — Earnings (passenger, $13,828; freight, $20,-
316; other, $431), $34,575. Operating expenses, $25,735. Net earnings, $8,840. Deductions, $15.
Surplus, $8,825.
Directors (elected Nov. 14, 1902). — J. T. Blair, Greenville, Pa. ; E. D. Fulton, Uniontown, Pa. ;
Emmet Queen, Pittsburgh, Pa. ; H. G. Lampman, Jr., Levi Skidmore, O. C. Morris, Parkersburg, W.
Va. ; D. I. Roberts, East Orange, N. J. OFFICERS : J. T. BLAIR, Pres.; D. I. Roberts, Vice-Pres.; H. G.
Lampman, Jr., Sec. & Treas., Parkersburg, W. Va. GENERAL OFFICE, Parkersburg, W. Va.
LIVE OAK AND G-ULF BY. — Projected : Live Oak, Fla., to a point on the Gulf of
Mexico in Lafayette County, Fla, 70 miles. Completed up to July 1, 1901 : Live Oak, Fla., to Peek.
18 miles. Gauge, 4 ft. 9 in. Rail (steel ; 18 m), 35, 50, and 65 Ibs. Chartered in 1894, and pur-
chased the roadbed and all the assets (except the franchises), of the Live Oak, Luraville and Dead-
man's Bay RR. Co. Locomotive, 1. Cars — passenger, 1 ; flat, 2 — total, 3.
Operations, year ending June 30, 1902. — Passengers carried, 5,261; carried one mile, 71,865.
Tons freight moved, 16,574; ton-miles, 298,404. Earnings (passenger, $3,514; freight, $13,812),
$17,326. Operating expenses, $10,723. Net earnings, $6,603. Deductions, $1,113. Surplus for
year, $5,490.
Financial Statement, June 30, 1902. — Capital stock ($150,000 auth.; $100 shares), $100,-
000 : funded debt (no particulars received), $100,000 — total stock and bonds, $200,000.
Directors. — W. W. Mackall, D. E. Maxwell, J. C. Cooper, W. I. Lyman, C. L. Heller. OFFICERS :
W. W. MACKALL, Pres., Savannah, Ga. ; D. E. Maxwell, Vice-Pres. & Gen. Mgr. ; W. I. Lyman, Sec.
& Treas., Jacksonville, Fla. GENERAL OFFICE, Citra, Fla.
LOUISVILLE AND WADLEY BB.— Louisville to Wadley, Ga., 10 miles. Gauge, 4 ft.
81 in. Rail, 40 and 56 Ibs. Road opened in Oct., 1879. Connects at Wadley with the Central of Ga.
Ry., and all through freight is carried by that company. The rolling stock is used solely for local
business. Locomotive, 1. Cars — passenger, 1; freight (flat), 1.
Operations, year ending June 30, 1902. — Gross earnings, $15,000 ; operating expenses, $14,-
723 ; net earnings, $277.
Financial Statement, June 30, 1902. — Capital stock, $50,000. Funded debt (1st 5s of 1910),
$19,000, Cost of road, etc., $67,000.
Directors. —W. L. Phillipps, J. G. Cain, G. W. Warren, S. M. Clark, J. C. Little, W. F. Little,
Louisville, Ga. ; John M. Egan, Savannah, Ga. OFFICERS : J. C. LITTLE, Pres. & Supt.; J. G. Cain,
Vice-Pres.; S. M. Clark, Treas.; G. W. Warren, Sec., Louisville, Ga. GENERAL OFFICE, Louis-
ville, Ga.
MACON AND BIRMINGHAM BY. —Projected : Macon, Ga., to Birmingham, Ala., 230
miles. Completed : Sofkee, Ga., to La Grange, Ga., 96.87 m. ; trackage, G. S. & F. Ry., Macon to
Sofkee, Ga., 8 m. — total operated, 104.87 miles. Sidings, etc., 1.40 miles. Gauge, 4 ft. 81 in. Rail
(steel), 70 Ibs. Chartered May 27, 1896, as successor to the Macon and Birmingham RR. Co. (See
MANUAL for 1895, page 171.) Locomotives, 4. Freight cars (box, 77; flat, 56; coal, 7), 140;
service, 3 — total, 143.
Operations, year ending June 30, 1902. — Trains run (passenger, 109,587; freight, 43,126),
152,713 miles. Passengers carried, 56,049; carried one mile, 1,618,017. Tons freight moved,
93.037; ton-miles, 6,284,877. Earnings (passenger, $33,937; freight, $85,134; other, $6,933),
;126,004. Operating expenses, $125,296. Net earnings, $708. Payments: Interest on bonds,
$25,000 ; taxes, $4,807 — total, $29,807. Deficit, $29,099 ; deficit forward, $199,052 — total, $228,151.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $500,000; funded
debt (1st 5s of July 1, 1946), $500,000; current liabilities, $250,249 — total, $1,250,249. Contra:
Cost of road and equipment, $1,000,000 ; La Grange Terminals, $3,500 ; materials, etc., $393 ; cash,
and current assets, $18,205 ; profit and loss, $228,151 — total, $1,250,249.
Directors. — F. M. Edwards, Boston, Mass.; L. F. Garrard, G. Y. Tygner, Tol. Y. Crawford,
Columbus, Ga. ; Julian R. Lane, Macon, Ga. OFFICERS : F. M. EDWARDS, Pres., Boston, Mass. ; T.
Y. Crawford, Vice-Pres., Columbus, Ga. ; B. C. Parsons, Sec., Boston, Mass. ; E. R. Henderson, And.;
Julian R. Lane, Gen. Mgr., Macon, Ga. GENERAL OFFICE, Macon, Ga.
MACON, DUBLIN AND SAVANNAH BB.— Macon to Vidalia, Ga., 92 m. ; total track
(steel ; 56 and 65 Ibs.), 97 miles. Gauge, 4 ft. 81 in. Chartered Aug. 6, 1885; road completed to
Dublin, 54 m., in 1891, extended to Vidalia in March, 1902. Surveys completed for extension to
Savannah, 75 miles from Vidalia. Locomotives, 6. Cars — passenger, 7 ; baggage, etc., 2 ; freight
(box, 109 ; stock, 129), 238 ; service, 3 — total, 250. Of this equipment 2 locomotives and 104 cars
(2 passenger, 1 baggage, 50 box, 50 stock and 1 service) are leased.
Operations, year ending June 30, 1902. — Trains run (passenger, 22,127; freight, 12,630;
mixed, 41,845; other, 7,584), 84,186 miles. Passengers carried, 47,818; carried one mile, 1,174,-
71. Tons freight moved, 72,163; ton-miles, 2,517,241. Earnings (passenger, $32,431; freight,
$74,569; other, $10,953), $117,953. Operating expenses, $94,564. Net earnings, $2.3,389; other
receipts, $1,842 — total, $25,231. Paid taxes, $4,526. Surplus, $20,705 ; surplus forward, $83,879
—total, $104,584.
General Balance Sheet, June 30, 1902. — Capital stock ($3,200,000 auth.; $100 shares),
5J82 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
$2.040,000 funded debt (1st 5s gold of July 1. 1951; $1,500,000 auth.), $1,380,000; current lia-
bilities, $34,417 ; profit and loss, $104,584 — total, $3,559,001. Contra : Cost of road and equip-
ment $3,536,699 ; materials, etc., $3,907 ; cash and current assets, $18,395— total, $3,559,001.
Directors (elected March 11, 1903). — T. D. Catlin, Ottawa, III.; J. M. Stubbs, Dublin, Ga. ;
C. O. Smith, James T. Wright, Macon, Ga. ; D. M. Hughes, Danville, Ga. ; A. C. Soper, Chicago, 111. ;
C. B. Lucky, Knoxville, Tenn. OFFICERS : T. D. CATLIN, Prcs., Ottawa, 111. ; D. M. Hughes, Vice-
Prea., Danville, Ga. ; J. T. Wright, Treat. ; C. G. Smith, Sec., Macon, Ga. GENERAL OFFICE,
Macon, Ga.
MARION AND RYE VALLEY BY.— Marion to Currin Valley, Va., 6.5 m. ; total track.
6.91 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Reorganization June, 1900, of the Marion ana
Rye Valley RR. (see MANUAL for 1900, page 410). Locomotive, 1. Car (flat), 1.
Operations, year ending June 30, 1902. — Tons of freight moved, 11,467. Earnings, $2,735.
•perating expenses, $3,624. Deficit from operations, $889. Payments : Interest on bonds, $1,950 ;
taxes. $105 — total, $2,055. Deficit, $2,944 ; deficit forward, $2,215 — total, $5,159.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $15,000; funded debt
(1st 6s of July 1, 1920). $32,500 ; current liabilities, $1,159 — total, $48,659. Contra : Cost of road
and equipment, $43,500; materials, etc., $100; profit and loss, $5,159 — total, $48,759.
Directors. — John S. Apperson, B. F. Buchanan. W. B. Jackson, Marion, Va. ; Geo. W. Miles,
Radford, Va. ; H. C. Keys, J. A. Headley, J. A. Christie, Newark, N. J. OFFICERS : G. W. MILES,
Pres., Radford, Va. ; Henry C. Keys, Vice-Pres., Newark, N. J. ; Jno. S. Apperson, Trcaa. & Gen.
Hgr. ; W. B. Jackson, Sec., Marion, Va. GENERAL OFFICE, Marion, Va.
MILLEN AND SOUTHWESTERN RR. — Millen to Stillmore, Ga., 32 m. ; Monte to
Monte June., 2.25 m. — total, 34.25 miles. Rail (steel ; 33.73 m.). 45 to 60 Ibs. Gauge, 4 ft. 8J in.
Reorganization, Oct. 28, 1897, of the Millen and Southern Ry. Co., whose property was sold under
foreclosure Oct. 15, 1897. (See MANUAL for 1897, page 165.) Locomotives, 4. Cars — passenger, 4;
freight (flat). 3 — total, 7.
Operations, year ending June 30, 1902. — Passengers carried, 30,972. Tons freight moved, 30.-
060. Earnings (passenger. $11,187; freight, $24,784; other, $2,860), $38,831. Operating ex-
penses, $29,185. Net earnings, $9,646. Payments : Interest on floating debt, $1,340 ; taxes, $345—
total, $1,685. Surplus, $7,961; surplus forward, $19,118 — total, $27,079.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $39,000; current lia-
bilities, $26,153 ; profit and loss, $27,079 — total, $92,232. Contra : Cost of road and equipment.
$77,097 ; other Investments, $1,136 ; cash and current assets, $1,357 ; other assets, $12,642 — total,
$92.232.
Directors. — D. B. Durden, Graymont, Ga. ; W. M. Burden, Frank R. Durden, C. A. Graybill.
Lester G. Roberts, Monte, Ga. ; A. N. Durden, Kilburn, Ga. OFFICERS: D. B. DCRDEN, Prcs.; W.
M. Durden. Vice-Prea. ; Frank R. Durden, Sec., Treus. & Gen. Mgr., Monte, Ga. GENERAL OFFICE,
Monte, Ga.
MORGANTOWN AND KINGWOOD RR.— Projected : Morgantown to Kingwood, W.
Va., 26 miles. Completed up to Jan. 1, 1903 : Morgantown to Masontown, 13 miles. Gauge, 4 ft
8) In. Rail (steel), 85 Ibs. Chartered Jan. 14, 1899. Locomotives, 3. Cars — passenger, 8; freight,
18; service, 6 — total, 32.
Directors. — S. B. Elkins, Davis Elkins, S. B. Elkins, Jr., Richard Elkins, Blaine Elkins, Geo.
C. Sturglss, R. A. Vance, S. G. Chadwick, Jr., Morgantown, W. Va. OFFICERS : DAVIS ELKINS, Pres.;
S. B. Elkins, Jr., Vice-Pres.; F. K. Bretz, Gen. Mgr.; H. C. Wallman, And., Morgantown, W. Va.
GENERAL OFFICE, Morgantown. W. Va. •
MOUNT AIRY AND EASTERN RY.-Mount Airy, N. C., to Kibler. Va., 19.25 m. ; total
track (steel ; 5 m.), 20 miles. Gauge, 3 ft. Rail — iron, 30 to 50 Ibs. ; steel. 45 to 56 Ibs. Chartered
May 3, 1899 ; road opened to Goings, Va., 15.75 m., Feb. 1, 1900 ; extended to Kibler Nov. 1, 1902.
The property was placed in the hands of a receiver on May 11, 1901. Locomotive, 1. Cars — passen-
ger, 1; freight (flat), 13— total, 14.
Operations, year ending June 30, 1902. — Earnings (passenger^ $144; freight, $6,376; other,
$902), $7,422. Operating expenses, $6,918. Net earnings, $504. Paid taxes, $203. Surplus,
$301.
Financial Statement, June 30, 1902. — Capital stock, $24,000 ; funded debt ( 10 bonds dated
1899, maturing $3,339 each year, outstanding), $30,058; receiver's certificates, issued to Southern
Ry., $15,000; current liabilities, $47,135 — total, $115,194. Contra: Cost of equipment, $2,954;
materials, etc., $2,000 ; cash on hand, $1,484 ; bills and current accounts, $8,061 — total, $14,500.
Directors. — T. E. Houston, Elkhom, W. Va. ; W. W. Whyte, W. L. Taylor, Welch, W. Va. ; W.
H. Tunis, Baltimore, Md. OFFICERS : C. B. KEESEE, Receiver, Mount Airy, N. C. ; T. E. HOUSTON,
Pres., Elkhorn, W. Va. ; W. H. Tunis, Vice-Prea., Baltimore, Md. ; W. L. Taylor, Vice-Prea.; W.
W. Whyte, Sec. rf Treos., Welch, W. Va. GENERAL OFFICE, Mount Airy, N. C.
NASHVILLE AND SPARKS RR.— Sparks to Nashville, Ga., 12 miles. Gauge, 4 ft. 8J in
Rail (steel), 60 Ibs. Chartered March 16, 1900; road was in operation March 30, 1901.
Locomotives, 2. Cars — passenger, 2; other, 10 — total, 12. Capital stock ($100 shares), $30,000.
Operations, year ending June 30, 1902. — Gross earnings, $25,873. Operating expenses, $16,-
929. Net earnings, $8,944.
Directors. — A. C. Felton. Jr., M. H. Massee, Macon, Ga. ; M. G. Davis, S. G. Etherldge, Sparks,
Ga. ; H. B. Peeples, Nashville, Ga. OFFICERS : A. C. FELTON, JR., Pres. ; M. H. Massee. Vice-
Prea., Macon, Ga. ; M. G. Davis, Sec. & Trees. ; P. W. Camp, Gen. Supt., Massee. Ga. GENERAL
OFFICE, Massee, Ga.
NORFOLK AND PORTSMOUTH BELT LINE RR.— Port Norfolk to Berkley, Va.. 5.8
m. ; total track (steel; 60 and 70 Ibs.), 9 miles. Gauge, 4 ft. 8J in. Chartered Jan. 12, 1898;
road opened Sept. 26, 1898. Organized under charter of Southeastern and Atlantic RR. Co.. approved
March 4, 1896; charter amended and name changed Jan. 12, 1898. This road Is owned jointly by
the Norfolk and Western Ry., New York, Philadelphia and Norfolk RR., Norfolk and Southern RR.,
Seaboard Air-Line Ry., Atlantic Coast Line RR., Southern Ry., Atlantic and Danville Ry., and
Chesapeake and Ohio Ry., and Its present operation Is for the interchange of freight cars between
tho«e roads. Locomotives, 2.
Operations, year ending June 30, 1902.— Earnings (freight, $70,751; other, $345), $71,096.
Operating expenses. $41,845. Net earnings, $29,251. Payments: Interest on bonds, $12,500 ; other
Intcrost, $541 ; taxes, $773 — total. $13,814. Surplus, $15,437 ; surplus forward, $25,259 — total.
$40,696.
POOR'S MANUAL OF RAILROADS. 283
General Balance Sheet, June 30, 1902. — Capital stock ($50,000 auth. ; $100 shares), $49,-
600 ; funded debt (1st 5s of Feb. 1, 1938), $250,000 ; current liabilities, $25,725 ; interest accrued,
$5,208 ; profit and loss, $40,696 — total, $371,229. Contra : Cost of road and equipment, $343,990 ;
materials, etc., $914 ; cash and current assets, $25,265 ; other assets, $1,060 — total, $371,229.
Directors (elected April 2, 1903). — Wm. A. Patton, F. J. Kimball, Philadelphia, Pa.; W. G.
Elliott, Baltimore, Md. ; A. B. Andrews, Raleigh, N. C. ; L. R. Watts, Portsmouth, Va. ; John
Carstensen, New York, N. Y. ; Decatur Axtell, Richmond, Va. ; Charles 9. Haines, Norfolk, Va.
OFFICERS : WM. A. PATTON, Prea., Philadelphia, Pa. ; John Carstensen, Vice-Pres., New York, N.
Y. ; Caldwell Hardy, Treas., Norfolk, Va. ; O. J. DeRousse, Sec. & Aud., Philadelphia, Pa. GENERAL
OFFICE, 26 South 15th St., Philadelphia, Pa.
NORTHAMPTON AND HERTFORD RR. — Projected: Gumberry, N. C., to Chowan
River, 40 miles. Completed up to June 30, 1902 : Gumberry to Jackson, N. C., 9 miles. Gauge, 4
ft. 9 in. Organized Oct. 6, 1893, as successor to the Gumberry and Jackson RR. and Lumber Co. ;
road opened Jan. 17, 1894. Locomotive, 1. Car (combination), 1.
Operations, year ending June 30, 1902. — Earnings (passenger, $1,661; freight, $6,435),
$8,096. Operating expenses, $4,593. Net earnings, $3,503. Paid taxes, $137. Surplus, $3,366 ;
surplus forward, $9,543 — total, $12,909.
General Balance Sheet, June 30, 1900 (latest rendered). — Capital stock ($100 shares),
$25,000; profit and loss, $10,048 — total, $35,048. Contra: Cost of road and equipment, $30,100;
materials, etc., $11 ; current assets, $4,937 — total, $35,048.
Directors. — J. S. H. Clark, G. H. Clark, Jr., Newark, N. J. ; Phil. Meisel, Jr., Richmond, Va. ;
F. Kell, Gumberry, N. C. ; Louis Edwards, Long Branch, N. J. ; N. E. Buchanan, Asbury Park,
N. J. ; H. W. Lewis, Jackson, N. C. OFFICERS : C. T. WESTCOTT, Pres. & Treas., Baltimore, Md. ;
J. G. Westcott, Vice-Pres., Gumberry, N. C. ; O. H. Guion, Sec., New Bern, N. C. ; T. G. Trenchard
Aud. ; W. E. Trenchard, Gen. Mgr., Gumberry, N. C. GENERAL OFFICE, Gumberry, N. C.
PENNSBORO' AND HARRISVILLE, RITCHIE CO. RY.— Pennsboro' to Harrisville,
W. Va., 9 m. ; total track (steel; 20 IDS.), 10.5 miles. Gauge, 3 ft. Organized Feb. 12, 1880, as
successor to the Pennsboro' and Harrisville RR. Co. (See MANUAL for 1890, page 387.) Locomo-
tives, 3. Cars — passenger, 2 ; freight (box, 1 ; flat, 7), 8— total, 10.
Operations.— Information refused ; for latest statement see MANUAL for 1902, page 258.
Gteneral Balance Sheet, Dec. 31, 1901 (latest rendered). — Capital stock ($100 shares),
$9,900; funded debt (1st 6s of March, 1901), $14,000; profit and loss, $5,129 — total, $29,029.
Contra : Cost of road, $23,900 ; cash, $5,129 — total, $29,029.
Directors. — Lora Duty, H. N. Sharp, M. K. Duty, Pennsboro', W. Va. ; H. B. McKinley, Salem,
W. Va. ; H. H. Howard, Summersville, W. Va. OFFICERS : M. K. DUTY, Pres., Treas. & Gen. Mgr.;
H. N. Sharp, Sec., Pennsboro', W. Va. GENERAL OFFICE, Pennsboro', W. Va.
PICKENS RR.— Projected : Easley via Pickens to Oolenoy Gap, S. C., 19 miles. Completed,
June 30, 1902 : Easley to Pickens, 9 m. ; total track (steel; 60 IDS.), 9.3 miles. Gauge, 4 ft. 8J In.
Chartered in 1890 ; road opened to Pickens in May, 1898. Connection is made with the Southern
Ry. at Easley. Locomotive, 1. Cars — passenger, 2 ; freight (box, 2 ; flat, 5), 7 — total, 9.
Operations, year ending June 30, 1902. — Earnings (passenger, $2,693 ; freight, $5,464 ; other,
$12), $8,169. Operating expenses, $8,273. Deficit from operations, $104. Deductions, $2,979.
Total deficit for year, $3,083.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock ($1,000,000 auth.;
$100 shares), $63,000; funded debt (1st gold 5s of Feb. 1, 1928), $29,000; accrued interest and
taxes, $1,622 — total, $93,622. Contra : Cost of road and equipment, $92,000. Excess of liabilities,
$1,622.
Directors. — J. E. Boggs, J. P. Gary, J. T. Taylor, J. McD. Bruce, W. T. McFall, Pickens, S. C. ;
J. T. Lewis, Andersons Mills, S. C. ; L. R. Dalton, Dalton, S. C. ; J. E. Hagood, Charleston, S. C. ;
J. G. Evans, Spartanburg, S. C. OFFICERS : J. G. EVANS, Pres., Spartanburg, S. C. ; J. E. Boggs,
Vice-Pres. ; J. McD. Bruce, Sec. & Treas. ; Douglas Jenkins, Aud. ; J. T. Taylor, Gen. Mgr., Pickens,
S. C. GENERAL OFFICE, Pickens, S. C.
POTOMAC, FREDERICKSBURG AND PIEDMONT RR.— Fredericksburg to Orange
Court House, Va., 38 m. ; total track, (steel ; 3 m.), 40 miles. Gauge, 3 ft.. Rail — steel, 45 to 64
Ibs. ; iron, 35 to 64 Ibs. (For history, see MANUAL 1894, page 160.) Locomotives, 2. Cars — pas-
senger, 3; freight (box, 12; flat, 28), 40 — total, 43.
Operations, year ending June 30, 1902. — Trains run (passenger, 560 ; freight, 5,581 ; mixed,
25,520), 31,661 miles. Passengers carried, 9,728; carried one mile, 182,196. Tons freight moved,
128,947; ton-miles, 618,559. Earnings (passenger, $6,448; freight, $28,516; other, $1,989),
$36,953. Operating expenses, $23,516. Net earnings, $13,437. Payments : Interest on bonds,
$10,431 ; on floating debt, $559 ; taxes, $1,294 — total, $12,284. Surplus, $1,153 ; surplus forward,
$210,847 ; additions during year, $5,731 — total, $217,731.
General Balance Sheet, June 30, 1902. — Capital stock ($1,460,000 auth.; $100 shares).
$460,000 ; funded debt, $319,950 ; current liabilities, $3,090 ; interest accrued, $1,350 ; profit and
loss, $217,731 — total, $1,002,121. Contra: Cost of road and equipment, $987,893; lands owned,
$200 ; materials, etc., $2,016 ; cash and current assets, $12,012 — total, $1,002,121.
Funded Debt, June 30, 1902, consisted of $58,000 1st 6s of April 15, 1908, $250,000 2d 6s of
June 10, 1908, and $11,950, the details of which are not furnished.
Directors (elected May 6, 1902). — Howard Butcher, L. Harry Richards, Geo. W. Richards,
Philadelphia, Pa. ; W. H. Richards, W. H. Richards, Jr., Fredericksburg, Va. OFFICERS : L. HARRY
RICHARDS, Pres., Philadelphia, Pa. ; S. G. Daniel, Sec. pro tern.; W. H. Richards, Treas., G0n. Mgr.
& Aud., Frederieksburg, Va. GENERAL OFFICE, Fredericksburg, Va.
RALEIGH AND CAPE FEAR RY.— Caraleigh Mills to Sippahaw, N. C., 19 m. ; trackage
(Southern Ry.), Raleigh to Caraleigh Mills, N. C., 1.8 m. — total operated, 20.8 m. ; total track
(steel; 40 Ibs.), 22 miles. Gauge, 4 ft. 8J in. Chartered in March, 1898; road opened in Jan.,
1899. Locomotives, 2. Cars — passenger, 2; freight (box, 5; flat, 20), 25 — total, 27.
Operations, year ending June 30, 1902. — Earnings (passenger, $5,151; freight, $19,489;
other, $500), $25,140. Operating expenses, $13,090. Net earnings, $12,050. Paid taxes, $416.
Surplus, $11,634.
General Balance Sheet, June 30, 1902. — Capital stock ($200,000 auth.; $100 shares),
110,500; funded debt, $60,000; current liabilities, $22,344 ; profit and loss, $8,849 — total $201-
194. Contra : Cost of road and equipment, $141,694; bonds not sold, $60,000 — total, $201,694.
Directors.— John A. Mills, J. R. Chamberlain, F. O. Moning, F. T. Ricks, W. W. Mills. C. O.
i.atta, Raleigh, N. C. ; K. B. Johnson, Carderas, N. C. OFFICERS : JOHN A. MILLS, Pres. & Gen.
284 POOR'S MANUAL OP RAILROADS — SOUTH ATLANTIC GROUP.
Mar.; W. W. Mills, Vice-Prei.; F. T. Ricks, Treat. & Sec., Raleigh, N. C. GENERAL OFFICE, Ra-
leigh. N. C.
ROCKBRIDGE ALUM AND GOSHEN BR. — Alum Springs Switch to Rockbrldge Alum
Springs, Va., 2 m. ; Victoria and Western RR., Goshen to Alum Springs Switch. 6 m. — total, 8 miles.
Gauge. 3 ft. Rail (steel). 35 and 60 Ibs. Organized March 1, 1892. The road owned by the Vic-
toria Furnace Co.. 6 m., is leased for ten years at a rental of $600 a year. Locomotive, 1. Cars —
passenger, 1; freight (box), 2 — total, 3.
Operations, year ending June 30, 1902. — Earnings (passenger, $1,152; freight, $150; other,
$288), $1,590. Operating expenses and charges (including interest on bonds, $800; taxes. $100),
$3,312. Deficit for year, $1,722.
Financial Statement. June 30, 1902. — Capital stock ($100 shares), $10,000; funded debt (4
p. c. bonds), $20,000 — total, $30,000. Cost of road and equipment, $9,855.
Directors. — James A. Frazier, Rockbridge Alum Springs, Va. ; W. G. McConnell, Chicago, 111.
OFFICERS : JAMES A. FRAZIER, Prcs., Sec. A Treas., Rockbridge Alum Springs, Va. ; W. G. McCon-
nell, Vice-Pres., Chicago, 111. GENERAL OFFICE, Rockbridge Alum Springs, Va.
SANDERSVILLE KB. — Sandersville to Tennllle, Ga.. 4 miles. Rail (steel), 60 Ibs.
Gauge, 4 ft. 8| in. Chartered Nov., 1893. The company owns the right of way, depot grounds, etc.,
but leases its rolling stock from the Central of Ga. Ry. Locomotive, 1. Car — passenger, 1. Gross
earnings, year ending June 30, 1902, $11,089. Operating expenses, $9,110. Net earnings, $1,979.
Capital stock ($100 shares), $10,000.
Directors. — Louis Cohen, D. C. Harris, H. E. Cohen, Herman Bashinsky, G. D. Warthen, San-
dersville, Ga. OFFICERS: Louis COHEN, Pres. <t Gen. Mgr.; George D. Warthen, Vice-Pres.; D. C.
Harris, Treaa.; Herman Bashinsky, Sec. & Aud., Sandersville, Ga. GENERAL OFFICE, Sanders-
Tllle. Ga.
SAVANNAH AND STATESBORO BY. — Cuyler to Statesboro, Ga., 33.90 miles. Gauge.
4 ft. 81 In. Rail (steel). 50 Ibs. Chartered in Oct.. 1897, as successor to the Cuyler and Woodbura
RR. Co., whose property was sold under foreclosure on March 12, 1897. (See MANUAL for 1898, page
165.) The extension from Woodburn to Statesboro, 19.5 miles, was completed June 1, 1899. Loco-
motives, 3. Cars, 3. Gross earnings, year ending June 30, 1902, $38,204. Operating expenses,
$23,315. Net earnings, $14,889. Capital stock paid in ($200,000 auth.), $30,000. OFFICERS:
CECIL GABBETT, Pres. & Treas., Savannah, Ga. ; H. B. Grlmshaw, Vice-Pres. & Gen. Supt.; J. D.
Robinson, Jr., Sec.; W. B. Moore, Aud., Statesboro, Ga. GENERAL OFFICE, Statesboro, Ga.
SOUTH GEORGIA AND WEST COAST BY. — Heartpine, Ga., to Greenville, Fla.,
51 m. ; sidings, 2 m. ; total track (steel ; 40 and 56 Ibs.), 53 miles. Gauge, 4 ft. 8i in. Chartered
Feb. 6, 1896, as South Georgia RR. ; road opened from Heartpine, Ga., to Quitman, Ga., 28 miles, in
March, 1897 ; extension from Quitman, Ga., to Greenville, Fla., 23 miles, opened on Oct. 1, 1901.
Present name adopted in 1902. The present company furnishes no statement of capitalization or
financial condition ; the South Georgia RR. Co.'s general balance sheet as of June 30, 1901, is in the
MANUAL for 1902, on page 260. Locomotives, 4. Cars — passenger, 4 ; baggage, etc., 3 ; service,
25 — total, 32. Of this equipment, 2 passenger and 2 baggage, etc., cars are held under car trusts.
Operations, year ending June 30, 1902. — Earnings (passenger, $10,064; freight, $41,336;
other. $2,009), $53,409. Operating expenses, $27,193. Net earnings, $26,216. Deductions, $940
Surplus for year. $25,276.
Directors. — J. W. Oglesby, Z. W. Oglesby, S. S. Rountree, F. J. Spain, E. A. Jelks, R. C. Mc-
Intosh, J. G. McCall, M. Brice, J. O. Morton, Quitman, Ga. OFFICERS : J. W. OGLESBY, Pres. ; R. C.
Mclntosh, Vice-Pres.; C. T. Tillman, Sec. & Treas.; Z. W. Oglesby, Supt.; J. A. Le Conte, Aud..
Quitman, Ga. GENERAL OFFICE, Quitman, Ga.
STILLMORE AIB LINE BY. — Collins to Swainsboro', Ga., 34 m. ; Swainsboro' to Wadley.
Ga.. 20 m. ; total track (steel; 40 and 56 Ibs.), 57 miles. Gauge, 4 ft. 81 In. Chartered Nov. 17,
1892 ; road opened in July, 1893 ; opened as above about Feb. 1, 1901 ; a further extension to
Avera, Ga., 20 m., is projected. Locomotives, 8. Cars — passenger, 3 ; baggage, etc., 2 ; caboose, 1
— total, 6.
Operations, year ending June 30, 1902. — Earnings (passenger, $18,085; freight, $27,844),
$45,929. Operating expenses, $45,951. Deficit, $22.
Financial Statement, June 30, 1902. — Capital stock paid in, $175,000. Funded debt (1st gold
4s of 1903), $350,000. Cost of property, $250,000.
Directors. — Geo. M. Brinson, T. J. Kent, H. C. Perkins, F. S. Battle, J. V. Tarver, Stillmore,
Ga. OFFICERS : GEO. M. BRINSON, Pres. & Treas. ; H. C. Perkins, Vice-Pres. ; J. V. Tarver, Sec. A
Aud., Stillmore, Ga. GENERAL OFFICE, Stillmore, Ga.
SUFFOLK AND CAROLINA BY.-Suftolk, Va., to Edenton, N. C., 51 m. ; total track
(steel; 50.52 m.), 57.5 miles. Rail — iron, 40 and 50 Ibs. ; steel, 51 Ibs. Gauge, 3 ft. 6 In. Char-
tered as the Nansemond Land, Lumber and Narrow Gauge Ry. Co. in 1873. Name changed Feb. 26,
1874. Locomotives, 5. Cars — passenger. 5 ; baggage, etc., 1 ; freight (box, 12 ; flat, 13 ; logging,
78; coal, 6), 109— total, 115.
Operations, year ending June 30, 1902. — Trains run (freight, 35.354; mixed, 25,541; other.
4,768), 65,663 miles. Passengers carried. 16,555; carried one mile, 284,198. Tons freight moved,
50.626; ton-miles, 1,325,437. Earnings (passenger, $7,580; freight, $58,234; other. $6,127),
$71,941. Operating expenses. $38,274. Net earnings, $33,667. Payments: Interest on bonds,
$8,400 ; taxes. $1.250 : other charges, $2,781 — total, $12,431. Surplus, $21,236 ; surplus forward,
$103,520 — total, $124,756.
General Balance Sheet, June 30, 1902. — Capital stock ($500,000 auth.; $100 shares),
MOO.OOO ; funded debt (gen. 1st 6s dated 1886 ; due date not reported), $140,000 ; current liabili-
ties, $69,708 ; profit and loss, $124,756 — total, $734,464. Contra : Cost of road and equipment,
$612,325; other investments, $70,513 ; materials, etc., $5,324 ; cash "and current assets, $16,302 —
total. $734,464.
Directors. — Wm. H. Bosley, C. H. Tilghman, A. H. Rutherford, Chas. F. Pitt, Jr., John M.
Denlson, Wm. B. Oliver, W. C. Seddon, J. H. Cottman, Baltimore, Md. OFFICERS : WM. H. BOSLEY,
Pre».; J. H. Cottman, 1st Vice-Pres.; Chas. F. Pitt, Jr., Treas.; Jno. S. Glttings, Sec., Baltimore,
Md. ; C. L. Hutchins. Aud. ; Geo. L. Barton. Gen. Mgr., Suffolk, Va. GENERAL OFFICE, Suffolk, Va.
SUBBY, SUSSEX AND SOUTHAMPTON BY.— Scotland, Va., to Dory. Va., 28.10
m. ; branches and spurs, 28 m. ; sidings, 4 m. — total track, 60.10 miles. Rail (steel), 25 Ibs.
Gauge, 3 ft. Chartered May 16, 1886 ; road opened during the fiscal year 1893-94 ; branches and
POOR'S MANUAL OF RAILROADS. 285
spurs added during the year 1897-98. Locomotives, 11. Cars — passenger, 2; freight (box, 20;
flat, 20), 40— total, 42.
Operations, year ending June 30, 1902. — Passengers carried, 4,905 ; carried one mile, 49,050.
Tons of freight moved, 66,020; ton-miles, 528,160. Earnings (passenger, $2,901; freight, $45,163;
other, $135), $48,199. Operating expenses, $80,623. Deficit from operation, $32,424. Payments:
Interest, $8,099 ; taxes, $1,775 — total, $9,874. Deficit for year, $42,298 ; deficit forward, $70,081
— total, $112,379.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($500,000 auth. ; $100
shares), $50,000; current liabilities, $173,042; reserve account, $251,888 — total, $474,930.
Contra : Cost of road, $291,660 ; equipment, $70,652 ; cash and current assets, $239 ; profit and loss,
$112,379— total, $474,930.
Directors. — Francis E. Waters, Baltimore, Md. ; John Walter Smith, John P. Moore, Marion T.
Hargis, Snow Hill, Md. OFFICERS : FRANCIS E. WATERS, Pres. & Gen. Mgr., Baltimore, Md. ; John
Walter Smith, Vice-Pres. ; John P. Moore, Sec. & Treas.; M. T. Hargis, Aud., Snow Hill, Md. ; Ed-
ward Rogers, Supt., Dendron, Va. GENERAL OFFICE, 609 Merchants Bank Building, Baltimore, Md.
Operating Office, Dendron, Va.
SYLVANIA RR. — Sylvania to Rocky Ford, Ga., 15 m. ; total track (rail, 42 Ibs.), 16.5
miles. Gauge, 4 ft. 9 in. Chartered Jan. 3, 1884 ; road completed in April, 1885. The Central Ry.
Co. of Ga. supplied iron and materials, and holds a mortgage on the road therefor. Default having
been made on interest, W. M. Hobby was appointed temporary receiver of the road on June 18, 1901,
upon application by the Central of Georgia Ry. Co. Locomotives, 2. Cars — passenger, 2 ; service,
2 — total, 4.
Operations, year ending June 30, 1902. — Trains run (mixed), 18,780 miles. Passengers car-
ried, 11,557; carried one mile, 115,570. Tons freight moved, 18,227; ton-miles, 182,270. Earn-
ings (passenger, $4,072; freight, $12,351; other, $1,499), $17,922. Operating expenses, $15,668.
Net earnings from traffic, $2,254.
Directors. — P. D. Daffln, U. H. McLaws, Savannah, Ga. ; T. W. Oliver, G. W. Waters, S. W.
Minis, L. H. Hilton, C. Frawley, G. M. Overstreet, B. F. Scott, W. L. Mathews, Sylvania, Ga. OFFI-
CERS : W. M. HOBBY, Rec. & Gen. Mgr., Sylvania, Ga. ; P. D. DAFFIN, Pres. & Treas. ; U. H. McLaws,
Sec., Savannah, Ga. GENERAL OFFICE, Sylvania, Ga.
TALBOTTON RR. — Talbotton to Bostwick, Ga., 7 m. ; total track, 7.5 miles. Rail, 45 Ibs.
Gauge, 4 ft. 8| in. Chartered Aug. 23, 1872; road opened May 4, 1881. Locomotives, 2. Cars —
passenger, 2 ; baggage, 1 ; freight, 1 — total, 4.
Operations, year ending June 30, 1902. — Earnings (passenger, $2,669 ; freight, $7,744 ; other,
$6,843), $17,256. Operating expenses, $12,528. Net earnings, $4,728. Deductions, $1,742. Sur-
plus for year, $2,986.
General Balance Sheet, June 30, 1894 (latest rendered). — Capital stock, $34,800; funded
debt (1st 6s of 1902), $25,000 ; profit and loss, $4,525 — total, $64,325. Contra : Cost of road, etc.,
$61,180; cash, $3,145— total,, $64,325.
Directors. — F. N. Gibson, J. H. Martin, W. T. Dennis, W. L. Tilman, T. H. Persons. OFFICERS :
T. H. PERSONS, Pres. & Gen. Mgr.; T. A. Kimbrough, Treas. & Agt.; T. R. Persons, Supt., Talbotton,
Ga. GENERAL OFFICE, Talbotton, Ga.
TA VASES AND GULF RR. — Tavares to Winter Garden, Fla., 30 m. ; Wait's June, to
Clermont, Fla., 6.5 m. — total, 36.5 miles. Rail (steel), 40 Ibs. Gauge, 4 ft. 8i in. Reorganiza-
tion in April, 1890, of the Tavares, Apopka and Gulf RR. Co. (See MANUAL for 1893, page 628.)
Locomotives, 3. Cars — passenger, 3; combination, 2; mail and express, 2; freight (box, 40; flat,
17), 57 — total, 64.
Operations. — Information refused; for latest statement, see MANUAL for 1902, page 262.
Financial Statement, June 30, 1901 (latest rendered). — Capital stock, $250,000; funded
debt (1st gold 5s of July, 1915), $280,000 — total stock and bonds, $530,000.
Directors. — Henry H. Jackson, Charles Tremain, New York, N. Y. ; D. G. Ambler, James P.
Talliaferro, Jacksonville, Fla. OFFICERS: HENRY H. JACKSON, Pres.; Charles Tremain, Vice-
Pres., New York, N. Y. ; D. G. Ambler, Sec., Jacksonville, Fla. ; Augustus Tremain, Aud. & Treas.,
Orlando, Fla. GENERAL OFFICE, Orlando, Fla.
TIFTON AND NORTHEASTERN RR. — Tifton to Fitzgerald, Ga., 25 m. ; total track
(steel ; 60 Ibs.), 25.5 miles. Gauge, 4 ft. 8J in. Chartered Oct. 5, 1891 ; road opened as above May
19, 1896. Locomotives, 2. Cars — passenger, 2; combination, 1; freight (box, 2; flat, 27), 29 —
total, 32.
Operations, year ending June 30, 1902. — Earnings (passenger, $17,201; freight, $46,559;
other, $3,117), $66,877. Operating expenses, $29,505. Net earnings, $37,372. Total deductions,
$4,607. Surplus for year, $32,765.
Financial Statement, June 30, 1902. — Capital stock ($100,000 auth.; $100 shares), $75,000.
Funded debt (1st 6s of March 1, 1906), $50,000. Cost of property, $146,760.
Directors. — H. H. Tift, Bessie W. Tift, W. O. Tift, E. H. Tift, Tifton, Ga. ; W. W. Bacon, Al-
bany, Ga. OFFICERS: H. H. TIFT, Pres. & Treas.; W. O. Tift, Vice-Pres.; E. H. Tift, Sec.; J. L.
Jay, Jr., Aud.; F. G. Boatright, Traf. Mgr., Tifton, Ga. GENERAL OFFICE, Tifton, Ga.
TIFTON, THOMASVILLE AND GULF RY. — Tifton to Thomasville, Ga., 55.5 miles.
Gauge, 4 ft. 8| in. Rail (steel), 60 Ibs. Chartered Aug. 9, 1897 ; completed from Tifton to within
5 miles of Thomasville previous to June 30, 1900 ; opened to Thomasville after that date. Locomo-
tives, 7. Cars — passenger, 4 ; combination, 3 ; freight, 10 — total, 17.
Operations, year ending June 30, 1902. — Gross earnings, $142,517. Operating expenses. $82.-
800. Net earnings, $59,717.
Financial Statement, June 30, 1902. — Capital stock paid in ($1,000,000 auth. ; $100 shares)
$550,000 ; funded debt ($555,000 1st 5s of Aug. 1, 1929, and $350,000 2d 5s of Jan. 1, 1931) $905,-
000. Cost of road to date, $1,478,906.
Directors. — H. M. Atkinson, P. S. Arkwright, Atlanta, Ga. ; W. W. Ashburn, C. P. Brown, Z.
H. Clark, Moultrie, Ga. ; J. W. Hightower, S. L. Hayes, E. M. Smith, J. H. Merrill, Thomasville, Ga. ;
N. E. Harris, Macon, Ga. OFFICERS : H. M. ATKINSON, Pres., Atlanta, Ga. ; J. W. Hightower, Vice-
Pres., Thomasville, Ga. ; C. P. Brown, Gen. Mgr., Moultrie, Ga. ; R. H. Brown, Aud., Atlanta, Ga.
GENERAL OFFICE, Thomasville, Ga.
TRANSYLVANIA RR. — Hendersonville to Toxaway, N. C., 30.87 m. ; total track (steel:
i Ibs.), 31.38 miles. Gauge, 4 ft. 9 in. Chartered April 12, 1899, as successor to the Henderson-
ville and Brevard RR. Co., whose property was sold by the trustees on March 22, 1899. (See MANUAL
286 POOR'S MANUAL OP RAILROADS — SOUTH ATLANTIC GROUP.
for 1898. pace 168.) The extension from Brevard to Toxaway, N. C., 10 m., was opened on Sept. 1,
1900. Locomotives, 3. Cars — passenger. 2 ; combination, 2 ; freight (box, 3 ; flat, 1), 4 —
Operations, year ending June 30. 1902. — Earnings (passenger, $11,698; freight, $ L2.722).
$24,420. Operating expenses, $15,101. Net earnings, $9,319. Payments: Interest on bonds,
$8,640; taxes, $1,060 — total, $9,700. Deficit, $381. Surplus forward, $3,122. Deficit June 30,
1902 $2 741
Financial Statement, June 30, 1902.— Capital stock ($100 shares), $320,000; funded debt
(1st gold 54-lOs of May 1, 1919), $160,000. Cost of property. $160,000.
Directors. — W. P. Potter, E. H. Jennings, C. H. Stolzenbach, G. W. Eisenbeis, E. B. Alsop,
Pittsburgh, Pa. ; J. P. H. Cunningham, New Castle, Pa. ; J. F. Hays, Brevard, N. C. OFFICERS
E B. ALSOP, Prcs., Pittsburgh, Pa. ; J. F. Hays, Vicc-Pres. & Gen. ttgr., Brevard, N. C. ; A. K. Orr.
Treat,; C. H. Stolzenbach. Sec., Pittsburgh, Pa. ; F. Ramsaur, Gen. Supt., Brevard, N. C. GENERAL
OFFICE, Brevard, N. C.
TTJCKAHOE AND JAMES BIVEB KB. — Lorraine to Gayton, Va., 4 m. ; total track, 6
miles. Gauge, 4 ft. 8i in. Chartered March 27, 1837. Locomotive, 1 ; coal car, 1. Leased to the
Virginia Coal and Coke Co. ; rental, one-third of one cent per ton per mile on freight hauled. In-
come from lease of road, year ending June 30, 1901, $131.
General Balance Sheet, June 30. 1901 (latest rendered). — Capital stock ($100 shares), $68,-
600; current liabilities, $69.380 ; profit and loss, $31,587 — total, $159,5C7. Contra: Cost of road,
etc., $109,567 ; bonds owned, $50,000 — total, $159,567.
Directors. — Ware B. Gay, Richmond, Va. ; H. H. Stevens, G. H. Ball, A. S. Bigelow, Boston,
Mass • John T. Jones, Gayton, Va. OFFICERS : WARE B. GAY and E. A. SHEPHERD, Receivers;
WARE B. GAY, Pres.; Julius Baker, Sec., Richmond, Va. ; H. W. Mason, Treas., Boston, Mass. GEN-
ERAL OFFICE, Richmond, Va.
UNION POINT AND WHITE PLAINS Bit. — Union Point to White Plains, Ga. ( owned,
12 m. ; trackage, 1.5 m.), 13.5 m. ; total track, 14.01 miles. Chartered Aug. 5, 1886; road opened
Sept 23, 1889. Locomotive, 1.
Operations, year ending June 30, 1902. — Earnings (passenger, $1,968; freight, $5,484).
$7 452. Operating expenses, $5,168. Net earnings, $2,284. Deductions, $175. Surplus, $2,109.
General Balance Sheet, June 30. 1902. — Capital stock ($100 shares), $32,500; funded debt
(1st 5s of 1920), $84,000; other liabilities, $23,843 — total, $140,343. Contra: Cost of road and
equipment. $91.987 ; cash, $3,821 ; due by agents, $152 ; profit and loss, $44,383 — total, $140,343.
Directors. — Not reported. OFFICERS: JOHN C. HABT, Pres., Union Point, Ga. ; J. H. Kilpat-
rlck, Vice-Pres. ; R. Tappan, Sec., White Plains, Ga. ; W. T. Richards, Treas.; Carlton Hillyer, Aud.,
Augusta, Ga. GENERAL OFFICE, Union Point, Ga.
VALDOSTA SOUTHEBN BY. — Valdosta, Ga., to Madison, Fla., 28 miles. Rail (steel),
40 Ibs. Gauge, 4 ft. 81 In. Reorganization, in 1894, of the Florida Midland and Georgia Ry. Co.
Road opened from Valdosta to Clyatville in 1895 ; extended to Pinetta, Fla., 8 miles, in 1898 ; to
Hanson, in 1900, and to Madison, Fla., July 1, 1901. Locomotives, 2. Cars, 7.
Operations, year ending June 30, 1902. — Earnings (passenger, $9,634 ; freight, $22,789), $32,-
423. Operating exepnses, $15,553. Net earnings, $16,870. Deductions (first charges, $7,238;
dividends, $8,000), $15,238. Surplus, $1,632.
Financial Statement. — Capital stock paid in ($100,000 auth. ), $50,000. Funded debt out-
standing (particulars not reported), $40,000.
Directors. — J. M. Wilkinson, E. L. Moore, T. G. Cranford, N. A. Williams, B. F. Strickland,
Valdosta, Ga. OFFICERS: J. M. WILKINSON, Pres.; W. P. Roberts, Vice-Pres. & Traf. llgr.; 3. F.
Lewis, Sec. & Treas. ; H. C. White, And., Valdosta, Ga. GENERAL OFFICE, Valdosta, Ga.
VIRGINIA AND KENTUCKY BY. — Ramsey to Wise, Va., 4.0 miles. Gauge, 4 ft. 8* in.
Rail (steel), 56 Ibs. Locomotive, 1. Car (passenger), 1. Chartered Feb. 20, 1892, as Gladeville
RR. ; name changed to above In 1902. Road opened Aug. 1, 1899. Capital stock paid in, $91,000.
Operations, year ending May 30, 1903. — Gross earnings (passenger, $3,075; freight, $4,144;
other, $410), $7,629. Operating expenses, $6,504. Net earnings, $1,125.
Directors. — John V. Clarke, John P. Boyle, E. F. Masterson, N. P. Bigelow, L. T. Walker, Ar-
thur Meeker, W. J. Calhoun, E. W. Manning, Chicago, 111. ; F. M. McClure, Wise, Va. OFFICERS :
E. F. MASTERSON, Pres.; N. P. Bigelow, Vice-Pres. ; John P. Boyle, Treas., Chicago, 111.; F. M.
McClure, Sec. & 8upt., Wise, Va. GENERAL OFFICE, Wise, Va.
VIBGINIA-CABOLINA BY. — Abingdon, Va.. to Va.-Tenn. State Line, 17.3 m. ; total
track, 18.51 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs, Chartered April 11, 1887; completed
as above in 1900 ; branch projected from State Line to Shady Valley, Tenii., 8 miles. Locomotives,
2. Cars — combination, 1; freight (box, 1; flat, 2), 3 — total, 4.
Operations, year ending June 30, 1902. — Trains run (mixed), 13,994 miles. Passengers car-
ried, 9,027 ; carried one mile, 123,070. Tons freight moved, 65,606 ; ton-miles, 496,488. Earnings
(passenger, $6.632; freight, $32,176; other, $2,971), $41,779. Operating expenses, $27,223. Net
earnings, $14,556. Payments : Interest on bonds, $9,000 ; taxes, $32 — total, $9,032. Surplus for
year, $5,524.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($200,000 auth.; $100
shares), $100,000; funded debt (1st gold 5s of May 1, 1950), $180,000; interest accrued not due,
$1,500 ; suspense account, $22,500 ; current liabilities, $13,070 ; profit and loss, $1,107 — total,
$318,177. Contra : Cost of road and equipment, $309,084 ; bonds owned, $2,000 ; cash and current
assets. $7.093 — total, $318,177.
Directors. — W. E. Mingea, J. L. White, F. B. Hurt, Abingdon, Va. ; G. F. Craig, A. J. Dull, Geo.
Warner, J. E. Glllingham, Philadelphia, Pa. ; Geo. M. Holstein, Pulaskl, Va. ; David Balrd, Camden,
N. J. OFFICERS : W. E. MINGEA, Pres. A Qen. Mgr., Abingdon, Va. ; George F. Craig, Vice-Pres. A
Treas., Philadelphia, Pa. ; J. W. Bell, Sec., Abingdon, Va. GENERAL OFFICE, Abingdon, Va.
WADLEY AND MOUNT VEBNON BB.— Projected : Wadley to Fitzgerald, Ga., 105
miles. Completed: Wadley to Rockledge, Ga., 46 miles. Rail — Iron, 40 Ibs. ; steel, 52 and 56 Ibs.
Gauge, 4 ft. 9 In. Chartered April 30, 1890; road opened in 1889. (See MANUAL for 1892, page
627.) Locomotive, 1. Cars — passenger, 2 ; box, 2.
Operations, year ending June 30, 1902 (36.5 miles). — Gross earnings, $31,712. Operating ex-
penses, $18,181. Net earnings, $13,531.
Financial Statement, June 30, 1901 (latest rendered). — Capital stock ($100 shares), $200,-
000 ; other liabilities, $32.680 — total, $232,680. Contra : Cost of road, etc., $146,735. Estimated
cost of completed road, $375,000.
Director*. — T. J. James, Adrian, Ga. ; W. R. Daley, Atlanta, Ga. ; G. D. Tysor, Wadley, Ga.
POOR'S MANUAL OF RAILROADS. 287
OFFICERS : T. J. JAMES, Prea., Adrian, Ga. ; W. R. Daley, Vice-Pres., Atlanta, Qa. ; O. D. Tysor,
Gen. Mgr., Sec., Treas. & Aud., Wadley, Ga. GENERAL OFFICE, Wadley, Ga.
WABBENTON BB. — Warrenton to Warren Plains. N. C., 3 m. ; total track (steel; 35
IDS.), 3.12 miles. Gauge, 4 ft. 9 in. Organized April 21, 1876 ; road opened Nov., 1884. Locomo-
tive, 1. Car (combination), 1.
Operations, year ending June 30, 1902. — Earnings (passenger, $1,003; freight, $3,312; other,
$323), $4,638. Operating expenses, $3,545. Net earnings, $1,093. Paid: Interest on bonds, $440.
Surplus, $653.
Financial Statement, June 30, 1902. — Capital stock, $12,300; funded debt (no particulars
furnished), $6,000 — total, $18,300. Cost of road, $14,375; equipment, $5,925 — total, $20,300.
Directors. — C. A. Cook, W. B. Boyd, W. J. Norwood, T. M. Caserley, J. Draper, J. G. King,
Warrenton, N. C. OFFICERS : W. J. WHITE, Pres. ; J. M. Gardner, Sec. & Treas.; O. P. Shell, Gen.
Mgr., Warrenton, N. C. GENERAL OFFICE, Warrenton, N. C.
WELLINGTON AND POWELLSVLLLE BB.— Windsor to Ahoskle. N. C., 25 m. ;
branches to timber, 20 m. — total, 45 miles. Gauge, 3 ft. Rail (steel), 20 and 30 Ibs. Chartered In
Oct., 1893, as successor to the Cashie and Roanoke RR. Co. ; chartered Feb. 13, 1887 ; road built in
1897-98. Locomotives, 7. Cars — passenger, 3; baggage, etc., 1; freight (box, 10; stock, 1; flat,
11), 22 ; other, 50 — total, 76.
Operations, year ending June 30, 1902 (24 miles). — Earnings (passenger, $5,536; freight,
$14,829; other, $1,511), $21,876. Operating expenses, $22,437. Deficit from operations, $561.
Financial Statement, June 30, 1902. — Capital stock ($300,000 auth.), $90,000. Cost of prop-
erty, $166,591.
Directors. — E. F. Branning, New York, N. Y. ; W. D. Pruden, W. H. Coffleld, Elizabeth Bran-
ning, Horton Corwin, Jr., Edenton, N. C. ; F. I. S. Branning, Bradford, Pa. OFFICERS : HORTON
CORWIN, JR., Pres. & Treas.; W. D. Pruden, Sec., Edenton, N. C. ; H. T. Waters, Supt., Ahoskic,
N. C. GENERAL OFFICE, Edenton, N. C.
WEST VIBCHNIA AND SOUTHEBN BB.— Marmet, W. Va., to Pocahontas, W. Va., 126
miles. Completed up to July 1, 1902 : Marmet to Kleybolte, W. Va., 6 m. ; Charlemere Branch,
1.25 m. — total, 7.25 m. ; 2d track, 1.50 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs. Chartered
Jan. 1, 1898, and purchased the property and franchises of the West Virginia Southern Ry. Co., char-
tered July 10, 1895. (See MANUAL for 1897, page 171.) Road opened Feb., 1896. Projected to de-
velop the coal fields lying between the C. & O. Ry. and the N. & W. RR. Locomotives, 2. Cars — pas-
senger, 1; coal, 100; flat, 6 — total, 107. Capital stock paid in ($2.000,000 auth.), $100,000. Cost
of road, .etc.. to date, $200,000. Estimated cost of completed road, $2,500,000.
Operations, year ending June 30, 1902. — Earnings (passenger, $1,113 ; freight, $13,019 ; other,
$131), $14,263. Operating expenses, $14,515. Deficit from operations, $252; deductions during
year, $635 — total deficit for year, $887.
Directors. — Wm. Marmet, Rudolph Kleybolte, Edwin Marmet, Louis Kramer, Cincinnati, O. ;
James F. Brown, Charleston, W. Va. OFFICERS : WM. MARMET, Pres. ; Rudolph Kleybolte, Vice-
Pres.; Edwin Marmet, Sec. & Treas., Cincinnati, O. ; L. W. Atkinson, Supt., Marmet, W. Va. QEN-
ERAL OFFICE, Cincinnati, O.
WINIFBEDE BB. — Winifrede June, to Winifrede, W. Va., 4.5 m. ; branches and spurs, 1.43
m. ; total track (steel; 56 and 85 Ibs.), 10.43 miles. Gauge, 4 ft. 8i in. Chartered in Nov., 1881;
road opened in 1882. The Winifrede Coal Co., a distinct corporation, has a capital stock of $600,000
(no bonds or other debt), of which $450,000 is paid in, and owns 12,000 acres of coal lands, part of
which is developed by this road. Locomotives, 2. Cars — passenger, 1 ; box, 2 ; flat, 3 ; coal, 235 —
total. $241.
Operations, year ending June 30, 1902. — Trains run (passenger, 7,512; freight, 14,934), 22.-
446 miles. Earnings (passenger, $1,688; freight, $43,665; other, $1,451), $46,804. Operating
expenses, $25,779. Net earnings, $21,025. Total deductions (including dividends, $7,500), $8,875.
Surplus, $12,150.
General Balance Sheet, June 30, 1902. — Capital stock ($200,000 auth.) $150,000; ac-
counts, $6,120 ; surplus, $19,792 — total, $175,912. Contra : Cost of road, equipment, etc., $160,-
433; other assets, $15,479 — total, $175,912.
Directors. — Wm. Cochran, John P. Logan, R. J. C. Walker, Charles C. Savage, Thomas E.
Baird, Samuel F. Houston, Nelson B. Warden, Ralph G. Wilson, Phildelphia, Pa. ; G. K. Richard-
son, Boston, Mass. OFFICERS : THOS. E. BAIRD, Pres. ; Samuel F. Houston, Vice-Pres. ; F. B.
Stewart, Sec. & Treas., Philadelphia, Pa. ; R. B. Cassady, Supt., Winifrede, W. Va. GENERAL
OFFICE, 203 Drexel Building, Philadelphia, Pa.
WBIGHTSVILLE AND TENNELLE BB.— Tennille to Hawkinsville, Ga., 76 m. ; track-
age, Southern Ry., at Hawkinsville, 0.75; total track (steel; 50 to 60 Ibs.), 82.82 miles. Gauge, 4
ft. 9 in. Successor to the Wrightsville and Sunhill RR. Co., Dec., 1883 ; consolidated with Dublin
and Wrightsville RR. Co., Dec. 1, 1886, and with Oconee and Western RR. Co. on Feb. 1, 1899. (See
MANUAL for 1899, page 482.) Locomotives, 7. Cars — passenger, 8 ; baggage, etc., 1 ; freight (box,
60; flat, 15), 65; service, 7 — total, 81.
Operations, year ending June 30, 1902. — Trains run (passenger, 61,801 ; mixed, 83,678), 146.-
479 miles. Passengers carried, 87,454 ; carried one mile, 1,595,197. Tons freight moved, 90,264 ;
ton-miles, 3,205.266. Earnings (passenger, $42,290; freight, $87,633; other, $9,855), $139,778.
Operating expenses, $94,875. Net earnings, $44,903 ; other receipts, $6,217 — total, $51,120. Pay-
ments: Taxes, $6,911; dividends (6 p. c.), $18,000; other charges, $4,852 — total, $29,763. Sur-
plus, $21,357; surplus forward ($8,123; less deductions during year, $2,700), $6,423 — total,
$26,780.
General Balance Sheet, June 30, 1902. — Capital stock, $300,000 ; current liabilities, $21.-
143 ; taxes accrued, $3,150 ; rentals accrued, $578 ; reserve fund, $52,600 ; profit and loss, $26,780
— total, $404,151. Contra: Cost of road and equipment, $300,000; securities owned, $50,000;
materials, etc., $5,112 ; cash and current assets, $49,039 — total, $404,151.
Capital Stock.— The capital stock consists of $230,000 common stock and $70,000 preferred
i^k>oln $25 shares- The Central Ry. Co. of Georgia owns the entire issue of preferred stock and
i04,300 of the common stock. The preferred stock carries preference for dividends up to 6 p. c. per
annum non-cumulative.
w • D^re,c,t;or?,-~J-^W- sTmlth- Tennille, Ga. ; R. L. Warthen, Sandersville, Ga. ; A. F. Daley,
Wrightsville. Ga. ; Chas. Hicks, Jas. M. Finn, Dublin, Ga. ; J. F. Hanson, Macon, Ga. ; J. 3. Wood,
C w- Perklna> Savannah, Ga. ; W. N. Parsons, Hawkinsville, Ga. OFFICERS : A. F DALEY Pres <£
'
288
POOR'S MANUAL GULF AND MISSISSIPPI VALLEY GROUP.
GTTLF AND MISSISSIPPI VALLEY GROUP— States of Ken
tucky, Tennessee, Alabama, Mississippi and Louisiana.
ALABAMA, NEW ORLEANS, TEXAS AND PACIFIC JUNCTION RAIL
WAYS COMPANY, LIMITED.
•
This is an English corporation, registered in London on June 18, 1881. It contro
the following railroads in the United States:
Alabama, and Vicksburg Railway 142.78
New Orleans and Northeastern Railroad 195.90
burg, Shreveport and Pacific Railway 188.47 — 527.15 miles
These lines are under one general management, although each road is maintained am,
operated primarily in its own interest as a separate organization. The following st;itc
ment shows the results from their operation for the three fiscal years ending June 30,
1900-1902:
Nrw ORLEANS AND NOBTH EASTERN RR.
VICKSBDKO, SHREVEFORT &
PACIFIC RY.
ALAUAIIA A VICKBBUUQ RT.
1899-00
1900-01
1901-02
1899-00
1900-01
1901-02
1899-00
1900-01
1901-02
Grow Earnings. . .
Working Exp
$
1,856,201
1,338,580
$
1,929,812
1,453,929
$
2,030,262
1,498,227
$
691,532
508,313
$
896,940
616,370
1
l,OsO,J-il>
764,584
S
812,778
584,196
$
920,609
685,329
$
1,019,843
765,561
Net Earnings. ....
Exp. to Earnings. .
519,615
475,883
532,035
183,219
280,570
315,668
228,582
235,340
254,281!
72.01 p.c.
75.34 p.c.
73.79 p.c.
73.51 p.c.
68.72 p.c.
70.78 p.c.
71.88 p.c.
74.44 p.c.
75.07 p.c
These railroads extend from New Orleans, La., to Meridian, Miss., and from there to
Shreveport, La. They are operated in connection with the Alabama Great Southern RR
and the Cincinnati, New Orleans and Texas Pacific Ry., and with those roads form a
through line, known as "Queen and Crescent Route," from Cincinnati, O., to New Orleans
La., and to Shreveport, La. Full particulars respecting the three railroads controlled bj
this company will be found in the separate statements for them appended hereto.
Revenue Account, year ending Dec. 31, 1902. — Receipts from investments (£146,27
15s. 10d.; less sundry expenses for creosote works, £6 Is. lid., and mortgage bonds charger
on the Compress Property, and interest, £7,086 8s. 4d.— total, £7,092 10s. 3d.), £139,171
5s. 7d.; from interest, £1,685 12s. 7d.— total, £140,864 18s. 2d., from which were pai«
salaries and other expenses aggregating net £3,408 4s. lid., leaving surplus for year
£137,456 13s. 3d.; add net surplus, carried forward from 1901 (£70,440 6s. 2d.; less inter
est paid July, 1901, and Jan., 1902, on "B" debentures for 1901, 5 p. c., £49,470 18s. Id.
interest paid Feb., 1902, on "C" debentures for 1901, 2ft p. c., £20,038 10s.— total, £69,50<
-SB. Id.), £930 18s. Id.— total, £138,387 lis. 4d. Payments: Income tax, £8,294 4s. 8d.
interest on "A" debentures, 5 p. c., on £748,850 (£37,442 10s. ; less tax, £2,262 3s. Id.)
£35,180 6s. lid.— total, £43,474 11s. 7d., leaving a balance as per general balance sheet,
£94,912 19s. 9d.
Financial Statement, Dec. 31, 1902. — Capital stock authorized (£10 shares), consists of
'00,000 deferred " B " shares, £1,500,000 preferred or " A " shares, and £200,000 pre-prefer-
snce shares — the latter unissued ; also £748,850 (of an authorized issue of £750,000) 5 p. c. " A "
; £1,048,390 (of an authorized issue of £1,050,000) 5 p. c. income " B " debentures and
i. (of an authorized Issue of £840,000) 5 p. c. income " C " debentures.
Preferred " A " Shares are entitled to preference in capital and a cumulative preferential
6 p. c over the " B " shares. The pre-preference shares were never issued and cannot
After their authorization, second debentures practically took their place. No divi-
dend has yet been paid on either class of shares.
Eailroad Map of Kentucky and Tennessee.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1901, B* POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1903.
>
88° Lonaitudt 87° . Wart
KENTUCKY AND TENNESSEE.
Railroad Map of Kentucky and Tennessee.
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Railroad Map of Mississippi, Arkansas and Louisiana.
American Bank Note Company
78 TO 86 TRINITY PLACE
tCA
NEW YORK
I. "BANKNOTE NEWYORK"]
AUGUSTUS D. SHEPARD,
CHAIRMAN OK THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively f or the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbere'd, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT. 190.1. BY POOR'S BAIIBOAO M1MIIAI
Poor's Manual— Railroad Map of the United States, 1903.
-
MISSISSIPPI, ARKANSAS AND LOUISIANA.
Railroad Map of Mississippi, Arkansas and Louisiana.
WORKS BY HENRY V. POOR.
Money and Its Laws:
EMBRACING
; A HISTORY OF MONETARY THEORIES
AND
A HISTORY OF THE CURRENCIES
OF THK
UNITED STATES.
:F>OO:R,.
One Vol., royal octavo, cloth, pp. xl., V23. Price, $5.OO.
Sent, free of postage, upon receipt of price, by the publishers, and for sale
by all booksellers.
RESUMPTION
AND THE
A HAND-BOOK FOR THE TIMES.
EMBRACING
A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER
CURRENCIES OF THE UNITED STATES AND
OTHER NATIONS.
By HENRY V. POOR.
(1878.)
One Volume, i*mo, Cloth, pp. 250. Price, Si.oo.
Sent free of postage, on receipt of price, by the publishers, and for sale by all booksellers.
POOR S MANUAL OF RAILROADS.
289
The " A " Debentures are of the denominations of £50 and £100 each, and are a first lien on the
company's property. They are redeemable Nov. 1, 1940, and bear 5 p. c. interest from Nov. 1, 1890,
payable May 1 and Nov. 1. These bonds may be called for redemption at 115 at any time after
1910, upon six months' notice. The interest is to be paid out of the net profits from the date of first
interest payment and, should the profits be insufficient to pay such interest, when accrued, it shall be
cumulative. The full dividend has been paid to date.
The " B " Debentures are of the denominations of £20, £50, and £100 each, and are a second Hen
on the company's property. They are redeemable Nov. 1, 1940, and bear 5 p. c. interest from Nov. 1,
1890, payable May 1 and Nov. 1. These bonds, like the " A " debentures, may be redeemed at 115
after 1910, upon six months' notice. Interest is payable out of the net profits after payment of in-
terest on " A " debentures, but is not cumulative. Should there be any deficiency in the payment of
the full amount of interest for any first half-year, such deficiency shall be payable out of the profits
of the second half, provided that the profits of the full year are sufficient for the purpose. Dividends
have been paid as follows : In March, 1895, I p. c. ; in March, 1896, 1 p. c. ; in Feb., 1897, 2\ p. c. ;
in Feb., 1898, 23 p. c. ; in Feb., 1899, 4i p. c. ; in Jan., 1900, to 1903, 5 p. c. each year.
The " C " Debentures are of the denominations of £20 and £100, and are a third lien on the
company's property. They are redeemable Nov. 1, 1940, and bear 5 p. c. interest from Oct. 1, 1890,
payable April 1 and Oct. 1. Bonds may be redeemed at any time, at par, on six months' notice. In-
terest is payable out of profits after provision has been made for interest on " A " and " B " deben-
tures. Dividends have been paid as follows : In Feb., 1900, 11 p. c. ; in 1902, 2| p. c., and In
Feb., 1903, 5 p. c.
General Balance Sheet, December 31, 1902.
£
Net Cost Securities, Rys.. etc 2,837.356
•Net Securities in Respect of Compress Prop-
erty, and adjustment of Indebtedness of
American Companies taken at Par 177,320
Cash at Bankers and Sundry Investments —
Discount and Expenses on Debentures
Office Furniture and Fixtures.
Revenue (old acct., to Sept. 30, 1890)
Outstanding Accounts
Cash on Hand and at Bankers
Losses on realiiation of various properties
and stock, and in respect of securities ex-
tinguished on reorganizations 179,649
Total Assets 4,175,368 11 8 Total Liabilities 4,175 368 11
NOTE. — Certificates, representing £28,494 in all, were issued in part payment of four coupons of
1st debentures, which became due in 1885, 1886 and 1887. To secure these certificates, 2d deben-
tures were delivered to trustees, who have exchanged the same for £34,192 16s. (nominal) of " C "
debentures, which they now hold.
•Total, £663,404 5s. 2d. ; less par value of securities received on adjustment of accounts, £486,-
083 12s. lid. — net as above, £177,320 12s. 3d.
t Balance as per revenue account, £94,912 19s. 9d. ; less interest paid 1902 on " B " de-
bentures (5 p. c.), £49,197 17s. 8d. ; net revenue account as above, £45,715 2s. Id.
Stocks and Bonds Owned. — Statement showing the securities owned by the com-
pany on Dec. 31, 1902:
£
2,837,356
177,320
23,694
471,946
65
417,861
7
67,468
179,649
B.
1
12
0
8
0
9
4
7
6
d.
8
3
8
4
0
3
11
9
10
Preferred "A" Shares (150,000 Shares)
Def erred "B" Shares issued as fully
under agreement of June 23, 1881,
500,000.
"A" Debentures £748 850 0
£
... 1,500,000
paid
£2,-
0
0
0— 2.607.892
B.
0
19
d
0
0
" W" Debentures 1,048,390 0
" C " Debentures 81065219
Accrued Interest on "A" Debentures. . .
Sundry Outstanding Accounts
4,107,892
6,240
15,520
45,715
19
8
2
2
0
4
3
1
tNet Revenue Account
Total Issue.
New Orleans & Northeastern RR.
$6,000,000
1,372,000
100.000
6,580.000
1,500,000
Capital Stock. .
Prior Lien Bonds
1st Mortgage Bonds
General Mortgage Bonds
Income Bonds
Owned.
$5,320,000
4,900,000
1,500,000
Totals $15,552,000
Alabama & Vicksburg Ry.
Capital Stock. 1,050,000
V. 4 M. 1st Mtge. Bonds 1,000,000
Consol. Mortgage Bonds 800,000
2d Mortgage Bonds 601,300
$11,720,000
581.500
30,000
141.100
387,700
Total*. ,
$3.451,300 $1,140,300
Total Issue. Owned.
Vicksburg. Shreveport & Pacific Ry.
Common Stock $3,000,000 $2,773,500
Preferred Stock. 2,200,000 2,080,100
Prior Lien Bonds 1,323,000 . .
General Mortgage Bonds 2,177,000 1.386,6o6
Totals $8.700,000 $6.239.600
Southwestern Construction Co.
Capital Stock. 3,000,000 448,700
Recapituktion— Stocks 15,250,000 11,203,800
Bonds 15,453,300 8,344,800
Totals. $30,703,300 $19.548,600
The company also owns an interest in the lands of the Vicksburg, Shreveport and Pacific RR.
Co. in respect of $1.346,000 3d mtge. and land grant bonds. Through its holdings of capital stock of
the Southwestern Construction Co. it is also interested in the Cincinnati, New Orleans and Texas
Pacific Ry. Co., lessee of the Cincinnati Southern Ry.
Directors.— Augustus B. Abraham, H. Doughty Browne (Chairman'), Baron Emile
Beaumont d'Erlanger, Charles Schiff, John Varley, London, Eng.
H. DOUGHTY BROWNE, Chairman London, E. C., Eng.
B. R. Tomlinson, Secretary " " "
Price, Waterhouse & Co., Auditors " " "
Secretary's Office 2 Princes Street, London, E. C., Eng.
Auditor's Office 3 Frederick's Place, Old Jewry, London, E. C., Eng.
290 POOR'S MANUAL— GULF AND MISSISSIPPI VALLEY GROUP.
ALABAMA AND VICKSBTJRG RAILWAY COMPANY.
(Controlled by A., N. 0., T. & P. Junction Rys. Co.)
Line of Road. — Vicksburg to Meridian, Miss 142.78 miles.
Sidings, 41.09 miles. Gauge, 4 ft. Sy2iu. Rail (steel, 176.54 m.), 60 to 75 Ibs.
History. — Vicksburg and Meridian RR. sold under foreclosure Feb. 4, 1889, and ex-
isting company organized by purchasers March 18, 1S89. This company is controlled by
the Alabama, New Orleans, Texas and Pacific Junction Railways Co.
The company owns the river frontage at Vicksburg, used for the transfer between
Vicksburg and Delta, and together with the Vicksburg, Shreveport and Pacific Ry. Co.,
owns a controlling interest in the capital stock of the Louisiana and Mississippi RR.
Transfer Co., owner of the transfer boat. (See MANUAL for 1897, page 682.)
Rolling Stock, June 30, 1902.— Locomotives, 20. Cars — passenger, 11; baggage
and mail, 7; caf6, 1; freight (box, 505; flat, 106; coal, 21; fruit, 14; furniture, 25; ca-
booue, 8; stock, 1), 680; other, 13— total, 712.
Statement of operations and income account for seven fiscal years:
1896
1897
1898
1899
1900
1901
1902
Mil« of Railroad .
143.39
168.77
143.39
14
9
4
486
105,870
122,782
143.39
169.19
143.39
14
9
4
473
108,256
135,773
143.39
170.07
143.39
12
9
4
609
98.322
167,371
142.78
172.24
142.78
14
11
6
606
175,186
175,780
142.78
172.99
164.94
15
10
6
622
193.503
187,844
142.78
170.84
171.97
17
10
6
700
211.366
249,625
142.78
183.87
«g
",
693
218,342
249,766
Miles of Track.
Miles of Steel Rail
Locomotives.
Passenger Cars.
P*gg*£», HP., fVf« , ,
Freight and Other Cars
Total Revenue Train Mileage
228,652
149,761
5,818,893
275,334
27,663,958
$
152,844
364,343
57,886
244,039
165,130
5,921,392
305,549
30,842,585
$
154,470
422,140
*61,986
265,693
142,931
5,572,209
357,409
36,619,589
$
145,905
474,182
•63,791
350,966
169,809
6,527,105
363,092
37,496,217
$
167,584
450,949
•84,507
381,347
203,087
7,517,749
448,139
44,099,068
$
198,115
529,734
•98,606
460,991
224,180
9,092,696
550,257
56,794,619
$
244,193
588,913
•98.034
468,108
248,598
10,816,913
559,220
56,210.244
284,667
639,885
•107,744
Passengers Cnrriwl
Passenger Mileage, , ,
Freight (ton) Miles
Pwttngtr Fiiminpi, , , ,,,.,,
Flight Famine", • .........
(Hh*r Earnings
T«t*l Fmninit*
575,073
393,714
•638,596
429,135
•683,878
454,530
•703.040
481,383
•826,455
559,327
•931,140
660,492
•1,032,296
740,887
Operating Expenses.
Nrt Faring* , ,
181,359
124,098
20,400
209,461
122,450
22,000
(3) 21,000
4,030
-1-39,981
4,45824
3,00094
1,45730
1,185 17
67.31 p.c.
2.61 c.
1.37 c.
229,348
121,561
24,000
(5) 35,000
3,400
+45,387
4,769 60
3,178 53
1,59107
1,28644
66.64 p.c.
2.62 c.
1.29 c.
221,657
121,265
24,726
(5) 35,000
6,300
+ 34,366
4,87788
3,36632
1,511 56
1,30973
69.01 p.c.
2.57 c.
1.20 c.
207,128
120,886
24,869
(5) 35,000
34,971
-f51,402
5,683 76
3,911 38
1,77238
1,51090
68.82 p.c.
2.64 c.
1.20 c.
270.648
120,111
24,838
(6) 63,000
5,743
-J-56,956
6,43825
4,618 82
1,819 43
1,41338
71.74 p.c.
2.69 c.
1.04 c.
291,409
119,415
24,674
(6) 63,000
1.061
+83,259
7,13178
5,181 91
1.94987
1,45777
72.65 p.c.
2.63 c.
1.14c.
Payment* — Interest
Taxes
Dividends
Other Payments
1,713
-1-35,148
4.021 49
2,75324
1,26825
1.02245
68.46 p.c.
2.63 c.
1.32 c
Btlanit (+or— ), ,
Gross Earnings per Mile. t
Operating Expenses per Mile
Net Earnings per Mile
Total Payments per Mile
Expenses to Earnings.
Aver. Rat* per Pass, per Mile
Aver. Rate per Ton per Mile
•Including Interest on current account
$6,602.93 ; In 1900. $13,677.06 ; In 1901, $
General Income At
EaralBgv— Passenger $284,
Freight 639
s— in 1897, $1.067
LO.470.53 ; in 1902
icount, year endit
B67 39 Expenses — M
58518 M
Ml 55 Cc
949 76 Gc
.64; in 1898. $1,824.67;
$12,452.33.
ig June 30, 1902.
aint. of Way and Struc J
aintenance of Equipment. .
nducting Transportation ..
in 1899,
260,054 70
129,13836
320,054 63
31,63977
740,887 46
Mall and Express 47*
Miscellaneous 47
ToUl ($7,131.78 per mile)...
81.91 oer mile)... ...J
....$1.019,84388 Total ($5.1
Net earnings (27.35 p. c.), $278,956.43; add interest on current accounts, $12,452.33-
total income, $291,408.76. Paid interest on bonds, $119,415; taxes, $24,674.24; purchase
POOR'S MANUAL OF RAILROADS. 291
of land, $1,061 — total, $145,150.24. Surplus, $146,258.52; surplus forward ($267,387.84;
less dividend No. 9, paid Aug. 1, 1901, $63,000), $204.387.84— total, $350,646.36.
General Income Account, year ending June 30, 1903.
Expenses— Maint. Way and Structures. $243,601 45
Maintenance of Equipment. 204,632 46
Conducting Transportation. 336,241 08
General Expenses 35,998 34
Total ($5,746.42 per mile) $820,473 33
Earnings — Passenger $313,95814
Freight 720,79509
Mail and Express 50,40025
Miscellaneous 65,393 27
Total ( $8,058.18 per mile) $1,150,546 75
Net earnings (28.69 p. c.), $330,073.42; add interest received, $20,564.18 — total,
$350,637.60. Deductions: Taxes, $28,500; interest on bonds, $119,415; purchase of land,
$41,409.27— total, $189,324.27. Surplus, $161,313.33.
General Balance Sheet, June 30, 1902.
Cost of Property $3,270,37954
Stock of La. & Miss. RR. Transfer Co. 16,700 00
Materials, etc., on Hand 71,52967
Sundry Debtors 13,80417
Station Agents 26,48556
Remittances in Transit 17,70980
Cash on Hand and in Bank 369,11615
Other Railroads 14,04033
Bills Receivable, Car Trust Notes. . . . 84,012 50
Bills Receivable for Land Sales 23,61349
Total Assets $3,907,391 21
Common Stock ($100 shares) $1,060,00000
Funded Debt Outstanding (see below) 2,190,10000
Interest on Mortgages Due and Unpaid 962 50
Interest on Mortgages Accrued.not Due 29,853 76
Current Accounts 180,83069
Replacement of Rolling Stock Fund.. 41,54173
Land Sales not Completed 23,61349
Proceeds of Land Sales 39,842 79
Profit and Loss 350,646 36
Total Liabilities $3,907,391 21
Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of $1,000,000 V. &
M. RR. 1st gold 6s of April 1, 1921 ; $588,800 consol. 1st gold 5s of April 1, 1921, and $601,300 2d
gold 5s of April 1, 1921. The bonds are secured on the railroad property in the order in which they
are named, but the 2d mtge. bonds are additionally secured by first mortgage on the company's lands.
Receipts from land sales are applicable to the payment of interest on the 2d mtge. bonds, but are ap-
plied to a sinking fund for the retirement of those bonds whenever the interest is paid from earnings.
The original issue of 2d mtge. bonds was $700,000 ; canceled by proceeds of land sales, $98,700 ; out-
standing, $601,300. The authorized issue of consol. mtge. bonds is $1,800,000, of which $1,000,000
is reserved for the retirement of the 1st mtge. bonds, the remaining $211,200 being held in the
treasury.
Land Department. — Under Act of Congress, of Aug. 11, 1856, the Vicksburg and Meridian
RR. Co. received a land grant estimated at 404,800 acres. In the reorganization the Alabama and
Vicksburg Ry. Co. acquired, at the public sale, Feb. 4, 1889, 131,189.19 acres. There were sold dur-
ing the fiscal year 1901-2 17,369 acres, and 45,392.67 acres remained unsold on July 1, 1902. In
addition to the lands owned in fee-simple, the company owns the mineral rights to 4,320 acres. Re-
ceipts from land sales during the year ending June 30, 1902, $45,520.51 ; expenses, $7,430.24. Sur-
plus, $38,090.57.
Directors (elected Nov. 3, 1902).— G. T. Bonner, New York, N. Y.; Charles Schiff,
London, Eng. ; John F. Winslow, Cincinnati, 0.; C. C. Harvey, New Orleans, La.; T. A.
McWillie, Jackson, Miss.
C. C. HARVEY, President and Gen. Manager New Orleans, La.
Charles Schiff, Vice-President London, Eng.
Sec. & Treas. — H. W. Wenham.New Orleans, La. | Auditor. — Larz A. Jones New Orleans, La.
PRINCIPAL OFFICES Jackson, Miss., and New Orleans, La.
I
NEW ORLEANS AND NORTHEASTERN RAILROAD COMPANY.
(Controlled by A., N. 0., T. & P. Junction Eys. Co.)
1 • Line of Road Owned.— Meridian, Miss., to New Orleans . 195.52 m.
TRACKAGE: Alabama and Vicksburg Ry.: Yards at Meridian, Miss. 0.38m. — 195.90 miles.
Sidings, etc., 67.08 miles. Gauge, 4 ft. 8y2 in. Rail (steel; 257.53 m.), 60 and 75 Ibs.
2. History. — Chartered in Louisiana on Oct. 14, 1868, and in Mississippi on
March 30, 1871. The project lay dormant until 1881, when the control of the company
was acquired by the Alabama, New Orleans, Texas and Pacific Junction Eys. Co. Con-
struction was begun in 1882 and the road was opened throughout on Nov. 1, 1883.
About two years later a floating debt that had accumulated was discharged by the issue
of $1,320,000 of prior lien bonds, these taking precedence of the 1st mortgage bonds by
consent of the holders of more than 99 per cent, of the latter. The finances of the com-
POOR'S MANUAL GULF AND MISSISSIPPI VALLEY GROUP.
pany were again reorganized in May, 1902. $1,000,000 of capital stock and $1,500,000 . i
i iiri>iiu> bonds being issued for the retirement of a floating debt amounting to $1,967,377.90
and for the purchase of the New Orleans terminals, which had been until then operated under
lease at a rental of $24,561 a year. As an additional measure of relief provision was
made for an issue of general mortgage bonds to the amount of $8,000,000, of which
$0,320,000 were set aside for the retirement of the $1,320,000 prior lien bonds and the
$5,000,000 1st mortgage bonds, leaving $1,680,000 in the treasury available for the future
requirements of the company. Of the $5,000,000 1st mortgage bonds, $4,900,000 had been
exchanged for the new bonds at the close of the fiscal year, leaving only $100,000 of that
issue outstanding. By these arrangements the finances have been placed on a sound basis,
and the fixed charges reduced by $73,500 a year for mortgage interest and by $24,561 a
year for rent of terminals.
3. Boiling Stock, June 30, 1902. — Locomotives, 45. Cars — passenger, 22; dining,
1; baggage and mail, etc., 12; officers', 2; freight (box, 562; fruit, 227; flat, 423; coal,
894; dump, 14; furniture, 24; caboose, 21), 1,965; other, 10— total cars, 2,012.
4. General Income Account, year ending June 30, 1902.
E»rnlmf»— Passenger $401.14913
Freight 1,501,737 51
Mail and Express 78,57202
. Miscellaneous 48,803 34
Total ($10,363.77 per mile) $2,030,26200
Expenses — Maint. of Way and Struc . . . $341,607 68
Maintenance of Equipment. 346,96374
Conducting Transportation. 678,36942
General 76,23092
Total ($7,361.27 per mile) $1,442,07174
Net earnings (28.98 p. c.), $588,190.26 add interest received, $3,459.69 — total, $591,-
649.95. Charges: Interest on bonds (1st mtge., $153,000; prior lien, $79,200; gen. mtge.,
$110,250), $342,450; taxes, $56,155.10— total, $398,605.10. Surplus, $193,044.85; deficit
forward, $2,409,427.90; net deficit, $2,216,383.05. Contra: Construction debt and mtge.
interest funded, $1,954,200; mtge. interest waived under funding agreement, $13,177.90;
charged off to cost of property, $249,005.15 — total, $2,216,383.05.
/>. Statement of operations, etc., for seven fiscal years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles of Road Operated.
195.90
195.90
195.90
19590
19590
19590
195.90
Passenger Train Mileage
322,456
314,646
293,866
310227
321899
337,496
387,321
Freight Train Mileage
490,977
436,556
459,771
555513
595992
692,955
554,583
Total Revenue Train Mileage
Passengers Carried.
1,133,816
213,837
1,090,647
198,307
1,072.557
202,011
1,220,261
. 236583
1,280,690
283672
1,366,912
342,569
1,353,093
40C829
Passenger Mileage.
10 894 924
9849205
9805780
12 059 266
13 116 453
16205423
18909063
Freight (tons) Moved.
850825
738610
869 532
1 043 151
1 236 776
1 245484
1 227354
Freight (ton) Miles.
119,817,540
104 782 001
116 734 973
137 698 776
161 516 873
176 587 428
160 598 725
Earnings — Passenger .*. . .
$
214,806
$
198 010
182911
$
227816
$
281 863
'$ '
343661
$
401 149
Freight
1 103008
1 014 874
1 121 257
1 216 882
1 464 415
1 465 318
1 501 738
Mail and Express.
Miscellaneous.
66,191
35715
61,534
38837
59,001
33760
59,077
41911
67,828
42095
72,120
48713
78,572
48803
Total Earnings
1,419 720
1 313255
1 396929
1 545686
1 856201
1 929812
2 030 262
Operating Expenses.
1.018,749
980827
983553
1,106,586
1 294744
1 405694
1 442072
Net Earnings
400971
332428
413376
439150
561 457
524 118
5S8 190
Interest Received
1,115
1236
1 865
2218
3402
5863
3460
Net Income
402086
333664
415241
441 368
564 859
529981
591 650
Deduct: Interest on Bonds
379200
379200
379200
379 200
379 200
379200
342450
Taxes, etc
Si#X)
34000
36000
50991
46248
60234
56 155
Balance (4- or— )
—11 114
—79536
4-41
4-1L177
-f-139'411
4-90547
4-193*045
Gross Earnings per Mile
7,247 17
6 703 70
7 13083
7890 18
947525
9 851 01
1036377
Operating Expenses per Mile. . .
Net Earnings per Mile
5.20035
204682
5,00677
1 69693
5,02069
2 110 14
5|64847
2 241 71
6,60921
286604
7,17557
2 67544
7136127
300250
Expenses to Earning*.
71 76 p c
7469pc
70 41 p c
71 59 p c
69 75 p c
72 84 p c
71 02 pc
Av«r. Rate per Pass, per Mile
Aver. Rate per Ton per Mile
1.97 c.
092 c.
2.01 c.
0.97 c
1.87 c.
096c
Ltt£ '
088c
2.15 c. '
0.91 c
2.12c.
OS3c
2.12c.
094o
POOR S MANUAfc OF RAILROADS.
293
5. General Income Account, year ending June 30, 1903.
Earnings — Passenger $476,861 61
Freight 1,664,110 47
Mail and Express 84,35621
Miscellaneous 59,70810
Expenses— Maint. Way and Structures. $460,392 66
Maintenance of Equipment. 366,798 92
Conducting Transportation. 703,495 85
General Expenses 75,511 82
Total ($11,664.30 per mile) $2,285,036 39 Total ($8,199.08 per mile) $1,606,199 25
Net earnings (29.71 p. c.), $678,837.14; add interest received, $11,461.08— total,
$690,298.22. Deductions: Interest on bonds (prior lien, $79,200; 1st mtge., $6,000;
gen. mtge., $232,424.38; incomes, $67,500), $385,124.38; taxes, $51,364.46— total, $436,-
488.84. Surplus, $253,809.38.
6. General Balance Sheet, June 30, 1902.
Cost of Property $13,836,73930
Materials and Fuel on Hand.
Sundry Debtors
Station Agents
Remittances in Transit
Other Railroads
Cash on Hand and in Bank.
Car Trust Notes
179,054 37
121,991 18
85,126 65
22,175 14
42,741 06
60,831 46
84,012 50
Total Assets $14,432,671 66
Capital Stock ($100 shares) $6,000,00000
Funded Debt Outstanding ( see below) 7,820,000 00
Interest Accrued, but Not Due 133,050 00
Current Accounts 406,33767
Replacement of Rolling Stock Fund 73,283 99
Total Liabilities $14,432,67166
7. Funded Debt — Funded debt outstanding on June 30, 1902, consisted of $1,320,000 prior
lien gold 6s of Nov. 1, 1915; $100,000 1st gold 6s of Jan. 1, 1911; $4,900,000 ($8,000,000 auth.)
gen. gold 4is of Jan. 1, 1952, and $1,500,000 income gold 4Js of July 1, 1952. The prior lien bonds
were issued in 1885, to retire floating debt and equipment notes, and to pay for improvements. They
took precedence, by consent, of the 1st mtge. bonds. The gen. mtge. bonds and the income mtge.
bonds, in the order named, rank below the 1st mtge. bonds as liens on the company's property and
income.
8. Directors (elected Nov. 5, 1902).— Charles Schiff, London, Eng.; C. C. Harvey,
Henry Abraham, Harry H. Hall, B. F. Eshelman, Alfred Slidcll, R. M. Walmesley,-Jno. 8.
Fainey, Pearl Wight, New Orleans, La.
C. C. HARVEY, President and General Manager New Orleans, La.
Charles Schiff , Vice-President London, Eng.
Sec. A Treas. — H. W. Wenham. New Orleans, La. | Auditor. — Larz A. Jones New Orleans, La.
PRINCIPAL OFFICE AND ADDRESS ... New Orleans, La.
VICKSBURG, SHREVEPORT AND PACIFIC RAILWAY COMPANY.
(Controlled by A., N. 0., T. & F. Junction Bys. Co.)
1. Main Line of Road. -Delta, La., to Shreveport, La 171.47 milea.
Wascom Extension: Shreveport, La., to Wascom, Tex 17.00 "
Total length of railroad owned 188.47 miles.
Sidings, 36.48 miles. Gauge, 4 ft. 8*/2 in. Rail (steel; 214.07 m.), 56 and 60 Ibs.
2. History.— Organized April 24, 1901, and on May 1, 1901, assumed possession of
all the property of the Vicksburg, Shreveport and Pacific RR. Co. (excepting the United
States land grant lands), having purchased the same on March 30, 1901, at foreclosure
sale under decree of the Circuit Court of the United States. (See MANUAL for 1900, page
446.)
3. Mississippi River Transfer.— The company owns the river frontage at Delta
used for the transfer between Delta and Vicksburg, and together with the Alabama and
Vicksburg Ry. Co. owns a controlling interest in the capital stock of the Louisiana and
Mississippi Transfer Co., owner of the transfer boat. (See MANUAL for 1897, page 686.)
4. Lease to M., K. & T. Ry. Co. — The Mksouri, Kansas and Texas Ry. oper-
ates, at a fixed rental, the Wascom extension of this company's line, under a lease for the
term of 25 years from Dec. 22, 1899.
5. Rolling Stock, June 30, 1902. — Locomotives, 20. Cars — passenger, 14; bag-
gage and mail, 6; cafe", 1; officers', 1; freight (box, 412; flat, 161; stock, 29; coal, 95;
fruit, 7; caboose, 7), 711; other, 11— total cars, 744.
294
POOR'S MANUAL GULF AND MISSISSIPPI VALLEY GROUP.
6. General Income Account, year ending June 30, 1902.
Expenses — Maint. of Way and Struc... $238,87914
Maintenance of Equipment. 129,201 36
Conducting Transportation. 330,508 32
General 31,59198
K*rBlBM— Passenger $333,1670!)
Freight 612,32424
Mail and Express 42,65546
Miscellaneous and Rent 92,10571
ToUl ($6.298.85 per mile) $1,080,25250
Total ($4,258.35 per mile) $730,18080
Net earnings (32.41 p. c.), $350,071.70; add interest received, $6,252.25— total, $356,-
323.95. Charges: Interest on bonds (prior lien, $73,380; gen. mtge., $76,442.47), $155,-
622.47; taxes, $34,403.29— total, $190,225.76. Surplus, $166,098.19. Deficit forward.
$3,601.52. Net surplus June 30, 1902, $162,496.67.
Oa. General Income Account, year ending June 30, 1903.
Expenses— Maint. Way and Structures. $272,402 19
Maintenance of Equipment. 171,991 63
Conducting Transportation. 377,869 63
General Expenses 37,07066
Earoiigt— Passenger $377,14862
Freight 743,26001
Mail and Express 49,506 30
Miscellaneous 98,60758
Total ($6,730.63 per mile) $1,268,52251 Total ($4,559.51 per mile) $859,33411
Net earnings (32.26 p. c.), $409,188.40; add interest received, $11,632.92— total,
$420,821.32. Deductions: Taxes, $38,200; interest on bonds, $157,980 — total, $196,180.
Surplus, $224,641.32.
7. General Balance Sheet, June 30, 1902.
Cost of Property $7,770,44741
Investment Account 15,800 00
Stock of Material, etc., on Hand 107,75568
Current Accounts 66,375 06
Remittances in Transit 14,571 87
Cash on Hand *nd in Bank 289,39183
Total Assets $8,264,34185
Common Stock $2,856,50000
Preferred Stock 2,142,80000
Funded Debt 2,895,00000
Interest Accrued, but not Due 26,33000
Current Accounts 168,552 37
Replacement of Rolling Stock Fund. . 12,662 81
Profit and Loss 162,49667
Total Liabilities $8,264,34186
8. Capital Stock — The authorized capital stock is $5,200,000 in $100 shares, consisting of
$3, 000,000 common stock and $2,200,000 5 p. c. non-cumulative preferred stock.
9. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $2,895,000 as per
general balance sheet — consists of $1,323,000 V., S. & P. RR. prior lien gold 6s of Nov. 1, 1915, and
$1,572,000 V., S. & P. Ry. gen. gold 5s of May 1, 1941. The authorized amount of gen. mtge. bonds
is $3,500,000, bonds amounting to $1,323,000 being reserved for the retirement of the prior lien
bonds, the remaining $605,000 being reserved for other purposes of the company.
1O. Statement of operations, etc., for seven fiscal years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Milea Railroad Operated. . .
17069
17069
17069
17069
17069
171 47
171 47
Miles Track Owned
21304
21378
21620
21778
22029
22433
22495
Miles Steel Rail Owned.
19776
19992
20334
20486
21970
21327
21407
126421
124730
112424
131 866
130567
215 120
261 180
Freight Train Mileage
125678
118 156
130359
135672
132068
200011
219087
Total Revenue Train Mileage
352869
357709
365801
410362
402244
603464
684 817
Passengers Carried
144 747
140809
131 2C2
160094
187445
236677
275 765
Passengers Carried One Mile
TOM Freight Moved
$.325,466
192042
5,102.224
232 573
4,0)3,334
°4C 552
6,031,114
270098
6,621,014
299 9S2
9,754,959
409 518
13,040,317
539052
Tons Moved One Mile
1587fi'3(32
18 813 939
21 701 505
°6 020 977
28 119*046
42 276 061
41 428 494
Earnings — Passenger
$
140309
$
133607
$
129406
$
154797
$
179 621
$
265 31 1
$
333167
Freight
313080
325542
393*933
402539
400 764
S'^'oOO
612 324
105422
113780
116836
121 048
l(y> 147
lll'539
134 762
Gron Earning)!.
558811
572929
640 175
678384
691 532
8% 940
1 080 253
Operating Expenses
377,028
398,280
421,626
438,77*
472,313
585,708
730,181
Net Earnings. . .
181 783
174649
218549
239 611
219219
311 232
350072
Interest. Receipt*, etc
1,206
1,656
1.143
33,639
5fi',806
6,252
Net Income.
182,989
176305
219692
273250
"TOO'7 5
311 232
356324
Grow Earnings per Mile
3.27365
3,35635
375029
3 974 13
4 051 15
522997
629885
Operating Expenses per Mile
220872
233322
2 469 98
2 57058
2 76708
3 41581
4 25835
Net Earning! per Mile
1 06493
102313
1 28031
1 40355
1 28407
1 814 16
204050
Expenses to Earnings.
Earnings per Paw. per Mile
• 17.47 I--.
2.63 c.
69.51 p.c.
259r
65.86 p.c.
2.69c
64.67 p.c.
257c
68.30 p.c.
271 c
65. 30 p.c.
272c
67.59 p.c.
2 55 c
Earnings per Ton per Mile
L97c
173c
1 82 c
1 15»
POOR'S MANUAL OF RAILROADS. 295
11. Directors (elected Nov. 5, 1902).— C. C. Harvey, Harry H. Hall, Henry W.
I'reaton, Larz A. Jones, New Orleans, La.; G. T. Bonner, New York, N. Y. ; Chas. Schiflf
London, Eng. ; Frank P. Stubbs, Jr., Monroe, La.
C. C. HARVEY, President and General Manager New Orleans, La.
Sec. & Treas. — H. W. Wenham . New Orleans, La. | Auditor. — Larz A. Jones New Orleans, La.
PRINCIPAL OFFICE AND ADDRESS New Orleans, La.
Vicksbnrgr, Shreveport and Pacific Railroad Land Grant. — On Feb. 1, 1902, the
unsold portion of the lands granted by Congress in aid of the V., S. & P. RR. were sold under de-
cree of foreclosure of the U. S. District Court for the Western District of Louisiana, dated Oct.
7, 1901, to C. C. Harvey for himself and associates. The sale had not been confirmed when this
part of the MANUAL was sent to press, owing to objections made by minority holders of Vicksburg,
Shreveport and Pacific RR. 3d mtge. bonds. (See MANUAL for 1901, page 441.) The lands are
still in the hands of J. H. McCormick, of New Orleans, receiver of the V., S. & P. RR.
CINCINNATI, NEW ORLEANS AND TEXAS PACIFIC RAILWAY CO.
(Lessee of the Cincinnati Southern By.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Car Trust Notes 8
Directors and Officers 9
Earnings, Expenses, etc 4
Oen. Bal. Sheet, June 30, 1902 6
History 2
Income Acct., June 30, 1902. . 4
Income Acct., 1896-1902 5
Increase of Capital Stock. . . 7
Mileage Oper'd. June 30, 1902 1
Operations and Inc., 1896-1902 5
Renewal of Lease 2
Rolling Stock 3
1. Line of Road Owned.— Cincinnati, O., to Chattanooga, Tenn. ... 335.92 miles.
TRACKAGE IN CINCINNATI (B.d O.S.W.Ry., 0.63; C.,C.,C.& St.L.Ry.,1.18) 1.81 "
Total length of line operated, June 30, 1902 337.73 miles.
Sidings, 158.33 miles. Gauge, 4 ft. 8^ in. Rail (steel), 60, 75, and 85 Ibs.
2. History. — The Cincinnati Southern Ry. was built by the city of Cincinnati under
the direction of a board of five trustees appointed by the Superior Court of Cincinnati, by
virtue of an Act of the Assembly of Ohio, passed May 4, 1869, and was completed
to Chattanooga, Feb. 12, 1880. The city of Cincinnati supplied the means for construction
by the issue of municipal bonds, of which the following were outstanding on Dec. 31, 1902:
3d series, May 1, 1876-1906, interest 7.3 p. c. May and Nov. ($2,800,000 issued), $1.-
865,000; 4th series, May 1, 1876-1906, interest 6 p. c. May and Nov. ($3,200,000 issued),
$2,890,000; 5th series, Nov. 1, 1878-1908, interest 7 p. c., May and Nov. ($1,000,000 is-
sued), $835,000; 6th series, Aug. 1, 1879-1909, interest 6 p. c., Feb. and Aug. ($1,000,000
issued), $895,000; consolidated sinking fund bonds, May 1, 1881-1910, interest 5 p. c., May
r.nd Nov., $1,154.000; consolidated sinking fund bond?. July 1, 1881-1931, redeemable July
1, 1911, interest 4 p. c., Jan. and July, $327,000; consolidated sinking fund bonds, July 1,
1891-1941, redeemable July 1, 1921, interest 4 p. c., Jan. and July, $77,000; consolidated
sinking fund bonds of July 1, 1952, redeemable 1932), $7,810,000— total outstanding,
$16,353,000. Cost of road, $18,683,374.64.
The Cincinnati, New Orleans and Texas Pacific Ry. Co. was chartered Oct. 8, 1881,
and leased the Cincinnati Southern Ry. for 25 years from Oct. 12, 1881, at a rental of
$800,000 a year for the first five years, $900,000 a year for the second five years, $1,000,000
a year for the third five years, $1,090,000 a year for the fourth five years (ending Oct. 12.
1901), and $1,250,000 a year for the fifth five years, ending Oct. 12, 1906. An extension
of the lease from Oct. 12, 1906, to Oct. 12, 1966, has been effected, the rental to be $1,050,-
000 a year for the first tweny years, $1,100,000 a year for the second twenty years, and
$1,200,000 a year for the third twenty years, it being agreed that the rental under the
present lease for the five years ending Oct. 12, 1906, phall be paid at the rate of $1,250,000
a year until July 12, 1902, and that thereafter the excess of rent above $1,050,000 a year
(amounting from July 12, 1902, to Oct. 12, 1906, to $850,000) shall be extended for
twenty-one and one-quarter years, at the rate of $40,000 a year, with interest at the rate
of 3 p. c. a year added. The trustees of the railway are authorized to issue $2,500,000 of
296
POOR'S MANUAL GULF AND MISSISSIPPI VALLEY GROUP.
4 p. c. bonds for terminals, and the lessee agrees to pay in addition to the yearly rental
a sum equal to the interest charge on the bonds and a sinking fund of 1 p. c. a year for
their redemption. It is provided that not more than $500,000 of the bonds shall be issued
in any one year, and that the terminals aa acquired shall become the property of the city
of Cincinnati. The lessee is required to increase its capital stock to $5,000,000, the pro-
ceeds of the additional $2,000,000 to be invested in property to be used in the operation of
the road, such property to be pledged under the mortgage to secure the rental.
3. Rolling Stock, June 30, 1902. — Locomotives, 113. Cars — passenger, 37; combi-
nation, 2; catt and parlor, 3; baggage and postal, 24; dining, 2; freight (box, 1,626; flat,
422; stock, 167; coal, 1,546; refrigerator, 123; coke, 201; ore, 20; caboose, 43), 4,148;
other, 12— total cars, 4,228.
4. General Income Account, year ending June 30, 1902.
Expenses— Malnt. of Way and Struc... $905,846 10
Maintenance of Equipment. 1,111,767 81
Conducting Transportation. 1,836,736 28
General and Taxes 386,25354
Earnings — Passenger J1.090.U9 61
Freight 4,262.375 98
Mail and Express 264,024 20
Miscellaneous 53,884 43
Total ($16,846.44 per mile.) $5.660,40412 Total ($12.617.84 per mile) $4,239,693 80
Net earnings (25.11 p. c.), $1,420,810.32; other income, £25,849.49— total, $1,446,-
659.81. Paid rental, $1,217,268.83; interest on car trusts, etc., $20,256.88— total, $1,237,-
525.71. Surplus, $209,134.10. Deficit forward, $393,865.92; add interest on advance pay-
ments on account of preferred stock subscriptions, $1,353.59 — total, $395,219.51. Balance,
deficit, June 30, 1902, $186,085.41.
4a. Earnings and Expenses, Supplementary Statement, for year ending
June 30, 1903, and comparison with year ending June 30, 1902. — Gross earnings — 1903,
$6,155,454.51; 1902, $5,660,404.12; increase, $495,050.39. Expenses and taxes— 1903,
$4,649,439.17; 1902, $4,239,593.80; increase, $409,845.37. Net earnings— 1903, $1,506,-
015.34; 1902, $1,420,810.32; increase, $85,205.02.
5. Statement showing the operations and earnings for seven fiscal years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
Miles of RR. Operated.
335.92
335.92
335.92
335.92
335.92
335.92
335.92
Miles of Track Owned
469.87
470.35
472.66
476.93
483.98
486.68
494.25
Miles of Steel Rail
469.87
470.35
472.66
476.93
483.98
486.68
494.25
883488
824240
859685
975 183
965843
1008507
1 049,573
Freight Train Miles
1.282,894
1,069,667
1,088,368
1,251,673
1,281,193
1,176,885
1,380.656
Total Revenue Train Miles
2,166,382
1,893,907
1,948 053
2226856
2 247 036
2185392
2,430,229
Passengers Carried
732,453
633,673
732,109
819 134
881296
958176
1,013,502
Passenger Mileage
44,338,456
29,823,090
46,295,516
59 052 282
42 639 451
45 575,028
50,767,450
Freight (tons) Moved
2,109,147
2,063,492
2,458,762
2,763,546
3,192,020
2,998,020
3,477,448
Freight (ton) Miles
35,") 048 601
354 445 485
423 425 738
481 694 704
540 379 661
506 708 131
117,474229
$
823135
$
624 710
$
875 897
$
119685
'$ '
897342
$
974 159
$
1090,119
Freight
2,588,969
2553154
2 981 624
3 282 874
3 947 139
3 774 317
4,252,376
Other
273,761
262,642
270597
288673
279760
297 120
317909
Total
3,685,865
3,440,506
4,128,118
4,691,232
5,124,241
5,045,596
5,660,404
2 539 373
2 241 181
2 578 436
2 952 226
3 518 582
3 543 769
4023607
Net Earnings
1,146,492
1 199325
1549682
1 739006
1 605659
1501827
1,636 797
Payments — Rental
1,061,111
1,083,445
1 117420
1 102000
1 102000
1 102000
1,217,269
Interest on Debt
2,055
8198
Cr 2016
Cr 218
Cr 3067
Cr 20 675
Cr. 25,849
Taxes
106,500
102,000
160,000
154000
184000
202000
215,987
Other
*309663
f39370
t20,257
Balance (-f- or — )
—23074
-f5682
+274 278
+173 561
-f322 726
+179 132
-f 209 133
Gross Earnings per Mile
10,969 83
1023960
12 286 07
1396200
15 250 72
15 016 65
1684644
Operating Expenses per Mile
7,55766
3412 17
6,670 18
356942
7,673 92
4 612 15
8,786 39
5 175 61
10,471 97
4 778 75
10,549 44
4467 21
11,97787
486857
Expenses to Earnings.
68.89 p. c
65 15 pc
62 46 p c
62 93 p c
6867pc
70 23 p c
71 70 pc
Aver, per Pass, per Mile
1.86e
209c
189c
190c
210c
2 14 c
215c
Aver. Rate per Ton per Mile
0.73 c.
0.72 c.
0.70 c.
0.68 c.
0.73 c.
0.74 c.
0.71 c.
•Dividends paid on Judgment claims against the C., N. O. & T. P. Ry. Co. tlnterest on car
trusts, etc.
POOR S MANUAL OF RAILROADS.
297
6. General Balance Sheet, June 30, 1902.
Property Account $2,910,74703
Cash from Pref. Stock Subscriptions.. 2,000,00000
Supplies and Material on Hand 229.44832
Reserve for Account of Obligations
of the Lease 449,97839
Reserve for Account of Renewals of
Company's Property 689,283 85
Int on Car Trust Notes not Matured.. 12,257 %
Cash and Current Assets 1,659,355 33
Profit and Loss Account 186,08541
Total Assets $8,037,15629
Preferred Stock ($100 shares) $2,000,00000
Common Stock ($100 shares) 3,000,00000
Reserves for Renewal and Improve-
ments to Property, Incl. Improve-
ments Required by Lease 952,887 72
Reserves for Renewal of Equip., etc. 1,009,31433
Reserves for Taxes 178,90448
Reserves, Miscellaneous 78,74273
Car Trust Notes 92,594 70
Rental Accrued 278,1888)
Current Liabilities 446,52962
Total Liabilities $8,037,15629
7. Increase of Capital Stock. — Cumulative 5 p. c. preferred stock to the amount of $3,-
000,000 was authorized in April, 1902, and $2,000,000 thereof was issued at par to the stockholders
of the company. The remaining $1,000,000 will be reserved for additions and betterments. Thi.s
stock has preference for assets as well as for dividends, but is without voting power. A controlling
interest in the capital stock is held jointly by the Southern Ry. Co. and the Cincinnati, Hamilton and
Dayton Ry. Co.
8. Car Tru«t Notes. — These are in two series dated, respectively, Jan. 23, 1899, and April
10, 1899, and payable on various dates, the first series to be finally paid off on April 7, 1904, and the
second on April 10, 1904. The first covers 300 coal cars and 100 furniture cars, and the second 100
flat cars.
9. Directors (elected Nov. 27, 1902). — S. M. Felton, Chicago, 111.; Lawrence Max-
well, Jr., M. E. Ingalls, Briggs S. Cunningham, Eugene Zimmerman, M. D. Woodford,
Cincinnati, 0.; Henry F. Shoemaker, Samuel Spencer, Francis Lynde Stetson, New
York, N. Y.
HENRY F. SHOEMAKER, Chairman of the Board New York, N. Y.
SAMUEL SPENCEB, President " "
W. J. MURPHY, Vice-President • Cincinnati, 0.
Secretory. — W. A. Shoemaker Cincinnati, O. I Treasurer. — C. Patton Cincinnati, O.
Auditor. — M. F. Molloy Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Odd Fellows' Temple, Cincinnati, 0.
Executive Office 80 Broadway, New York, N. Y.
LOUISVILLE AND NASHVILLE RAILROAD COMPANY.
(For map of this system, see between pages 304 and 305.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Gen. Bal. Sheet, June 30, 1902. 12
Guaranteed Bonds 17
History 1
Income Acct, June 30, 1902. 8
Joint Control of "Monon"... 2a
Joint Leaseholds 6
Joint "Monon" Bonds 16
Leased Lines, Statement of. 20
Lines Owned but not Oper'd. 3
Mileage Oper'd., June 30, 1902 2
Operations & Inc., 1896-1902.. 11
Profit and Loss, June 30, 1902 9
Rolling Stock 6,7
Secur. Owned, June 30, 1902.. 19
Sinking Fund Payments 10
Yellow River RR 2a
Atlanta Extension 2a
Capital Stock, Description of 13
Coll. Trust Bonds of 1903 16
Construction Account 18
Control by A. C. L. RR. Co.. 2a
Directors and Officers 24
Earnings, Expenses, etc 8
Fixed Chgs.,Est. for 1902-1903 10
Funded Debt, Description of. 14
1. History. — Chartered March 5, 1850; main stem opened in Nov., 1859. Other
lines were added to the system from time to time, as shown in detail in previous issues of
the MANUAL (see MANUAL for 1902, page 264). The Shelbyville, Bloomfield and Ohio RR.
and the Cumberland River and Tennessee RR. were conveyed by deed to the Louisville and
Nashville RR. Co. on Sept. 28, 1901; the Birmingham, Selma and New Orleans Ry. was
similarly conveyed on April 22, 1902, and the Shelby RR. on May 3, 1902. The Cecilia
Branch, which was leased to the Chesapeake, Ohio and Southwestern Ry. Co. on December
28, 1881, was purchased by the Chicago, St. Louis and New Orleans RR. (successor to the
C., 0. A S. W. Ry. Co.) on December 19, 1901, for $1,000,000. As of May 1, 1902, the
Louisville and Nashville RR. Co. completed its acquisition of the capital stock of the Hen-
derson Bridge and Railroad Co. by purchasing the remaining $437,000 of outstanding
shares ( see statement in Sec. 20 ) , and since that date the results from the operation of the
bridge property have been included in the accounts of the Louisville and Nashville RR. Co.
298 POOR'S MANUAL — GULP AND MISSISSIPPI VALLEY GKOUP.
». Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 3,330.79 miles).
Main Stem : Louisville, Ky., to Nashville, Tenn 185.92 miles.
/tordstotrn and Springfield Branch: Bardstown Junction to Springfield, Ky. 37.44
Knuxi-illf Branch: Lebanon Junction to Jellico, Tenn 171.17
Wilton Branch: Woodbine to Wilton, Ky
Cumberland Valley Branch: Corbin, Ky., to Norton, Va 117.44
Cumberland River and Tennessee RR. : Wasiota to Chenoa, Ky 12.62
Middlesborough RR.: Middlesborough to Coal Mines, Tenn 13.15
Louisville, Cincinnati and Lexington Ry.: Louisville to Newport, Ky 109.70
Louisville Railway Transfer: East Louisville to South Louisville, Ky . . 4.13
Lexington Branch: La Grange to Lexington, Ky 67.00
Shelby Cut-off .- Shelbyville to Christiansburg, Ky 8.51
Louisville, Harrods Creek &Westport RR.: Louisv. to Prospect, Ky. 11.16
Shelby RR. : Anchorage to Shelbvville, Ky 19.10
Shelbyville, Bloomfield and Ohio RR.: Shelbyville to Bloomfield, Ky.. .. 26.72
Kentucky Central Ry.: Covington to Livingston, Ky 147.27
Maysville and Lexington RR., No. Div. : Maysville to Paris, Ky 49.48
Maysville and Lexington RR., 80. Div.: Paris June, to Lexington, Ky. 17.86
Richmond Branch: Richmond to Rowland 33.04
Owensboro and Nashville Ry.: Owensboro to Adairville, Ky 83.46
Mud River Branch : Penrod to Mud River Mines, Ky 4.64
Memphis Line: Memphis Junction to Memphis, Tenn 261.59
Paducah and Memphis Division: Memphis, Tenn., to Paducah, Ky 254.20
Clarksville and Princeton Branch: Clarksville, Tenn., to Princeton, Ky. . . . 52.70
/-.i i. -f? is- ~.i » «j, . $ Hematite to Pond, Ttnn 31.69
CJarfc«*He Mineral Branch: j Vfln ^ ^ Cuinkrland Furnacej Tenn. . . . 5.66
Southeast and 8t. Louis Ry.: East St. Louis, 111., to Evansville, Ind 162.00
Shawneetown Branch: Shawnee* Junction to Shawneetown, 111 40.70
O'Fallon Branch: O'Fallon Junction to O'Fallon, 111 6.04
Henderson Bridge and Connecting Track : Henderson, Ky., to Evansville, Ind. 10.06
Evansville, Henderson and Nash. RR.: Enfield Junction to Henderson, Ky. . 134.76
Madisonville Branch: Madisonville to Providence, Ky 16.10
Nathville, Florence & Sheffield Ry.: Columbia to Sheffield, Ala 82.13
West Point Branch: Iron City to Pinkney, Tenn 1 1.78
Napier Branch: Summertown to Napier, Tenn 10.92
Long Branch: T. and A. Junction to Long Branch 7.32
Sheffield and Tuscumbia RR.: Sheffield to Tuscumbia, Ala 2.63
New and Old Decatur Belt and Terminal RR 3.62
Stouts Mountain RR. : S. M. Junction to Stouts Mountain, Ala 5.95
Birmingham Mineral RR. : Magella to Brickyard Y, 8.02 m. ; Alice to Alice
Mines, 0.89 m.; Alice to Fossil Mines, 0.63 m. ; Graces to Bessemer,
11.57 m. ; Sloss to Muscoda, 1.2 m.; Blue Creek Jc. to Blocton. Jc.,
27.08 m.; Yolande to Brookwood, 9.01 m.; Chamblee to Goethite, 3.65
m.; Bessemer to Oneonta, 49.3 m.; Village Springs to Comptons, 3.39
m.; Gurley to Worthington's Quarries, 1.18 m.; Palmer's to Bradford,
4.3 m. ; Oneonta to Champion, 3.5 m. ; Boyles to Trussville, 17.14 m. ;
Gate City to Graces, 10.28 m.; Helena to Gurnee Jc., 10.04 m.; Readers
to Leogusta, 1.68 m. ; Oneonta and Attalla Jc. to Altoona, 9.56 m. ;
North Alabama Jc. to Searles, 3.4 m. — total 175.82
Alabama Mineral RR.: Attalla to Calera, Ala 119.07
Columbiana Branch : Shelby to Columbiana, Ala 5.84
Lumberton Branch: Gilmore Switch to Lumberton, Ala 4.77
Skews Branch: O'Connor Junction to Skews, Ala . . 3.60
Other Branches 5.56
Montgomery and Prattville RR.: Prattville Junction to Prattville. Ala. . . 10.35
Mobile and Montgomery Ry.: Montgomery to Mobile, Ala 178.49
Alabama and Florida RR.: Georgiana to Geneva, Ala 77.57
Southern Alabama RR.: Gulf Junction to Escambia Junction, Ala 109.29
Camden Branch: Nadawah to Camden, Ala 16.61
Birmingham, Selma and New Orleans Ry.: Selma to Lyndon, Ala 50.11
Pensacola RR. : Flomaton, Ala., to Pensacola, Fla 44.40
Pensaeola and Atlantic RR.: Pensacola to River Junction, Fla 160.14
New Orleans and Mobile RR.: Mobile, Ala., to New Orleans, La 140.36
Pontchartrain RR.: Pontchartrain Junction to Milneburg, La 5.18
POOR'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO. 299
B. LEASED OB OPERATED UNDER AGREEMENTS (total, 388.24 miles).
Nashville and Decatur RR.: Nashville, Tenn., to Decatur, Ala 119.24 miles.
South and North Alabama RR.: New Decatur to Montgomery, Ala 182.67 "
Wetumpka Branch: Elmore to Wetumpka, Ala 6.30 "
Western Ry. of Alabama: Gulf Junction to Selma, Ala 8.02 "
Southern Ry.: Gurnee Junction to Blocton, Ala., 14.41 m. ; Seymour to
Piper, Ala., 2.23 m.; Ardela to Hansell, Ala., 3.05 m.— total 19.69 "
*Cumberland d Ohio RR. (So. Div.) : Cumb. & Ohio Jc. to Greensburg, Ky. 30.90 "
"Glasgow RR. : Glasgow Junction to Glasgow, Ky 10.50 "
•Elkton and Guthric RR. : Elkton Junction to Elkton, Ky 10.92 "
Total length of Louisville and Nashville System, June 30, 1902 3,719.03 miles.
DEDUCT: Lines Owned but not Operated (see Section 3) : 0/£
Paducah and Memphis Division (leased to N., C. & St. L. Ry.) . .254.20
Clarksmlle and Princeton Branch : Gracey to Princeton, Ky .... 20.70 — 274.90 miles.
Length or lines operated by the L. & N. RR. Co., June 30, 1902 3,441.13 miles.
*DEDUCT: Lines Operated, but Results not included in Income Account. ... 52.32 "
Length of lines whose earnings are included in Income Account 3,391.81 "
Average length operated during year ending June 30, 1902 3,326.76 "•
2d track owned, 55.56 m. ; sidings owned, 756.35 miles. Gauge, 4 ft. 8% in. Rail (steel,
4,129.06 miles), 50 to 80 Ibs.
Railroads in which the L. & N. RR. Co. is interested, but which were operated by their
own organizations, June 30, 1902:
Nashville, Chattanooga & St. Louis Ry.( majority of stock owned; see Sec.4) 941. 66 miles.
Birmingham Southern RR.~ (one-half of stock owned) 26.37 "
Central Transfer Ry. and Storage Co. (one-half of stock owned) 0.67 "
Georgia RR. System (interested as joint lessee) 614.00 "
Atlanta, Knoxville & Northern Ry. (majority of stock owned; see Sec. 4) . . 228.14 "
Total operated separately, June 30, 1902 1,810.84 miles.
Total operated by L. & N. RR. Co., June 30, 1902 3,444.13 ""
Owned by L. & N. RR. Co., but operated by other companies 274.90 ''
Grand total in which L. & N. RR. Co. was interested, June 30, 1902. .. 5,529.87 miles.
52a. New Lines Constructed.— During the year ending June 30, 1902, there were added
by construction to the mileage of the Louisville and Nashville RR., an extension of the
Middlesborough RR. 3 miles in length, to coal mines in Tennessee, and the Wilton Branch of
the Lebanon-Knoxville Division, 3.97 miles in length — a total of 6.97 miles. The Wilton
Branch was put in operation Dec. 1, 1901, and the Middlesborough extension on June 15,
1902. An extension of the Birmingham, Selma and New Orleans RR., from Linden to
Myrtlewood, Ala., 10.14 miles, completed after June 30, 1902, was put in operation Aug.
10, 1902.
Atlanta Extension. — In April, 1902, the Louisville and Nashville RR. Co. purchased
a majority of the common and preferred stock of the Atlanta, Knoxville and Northern Ry.
Co., whose railroad extends from Marietta, Ga., to Knoxville, Tenn., 205 miles, with a
branch from Blue Ridge, Ga., to Murphy, N. C., 23.5 miles. A company has been incor-
porated under the name of Knoxville, La Follette and Jellico RR. Co. to build an exten-
sion from Knoxville to Jellico, Tenn., thus connecting with the Knoxville Branch of the
I-ouisville and Nashville RR., and giving this company a direct line between Cincinnati,
0., and Atlanta, Ga.
" Monon " Purchase. — On May 20, 1902, this company and the Southern Ry. Co. offered
to purchase for joint account not less than 51 per cent, of the capital stock of the Chicago,
Indianapolis and Louisville Ry. Co. at the price of 90 per cent, of par for the preferred
shares and 78 per cent, of par for the common shares, payment to be made in joint 4 per
300 POOR'S MANUAL GULF AND MISSISSIPPI VALLEY GROUP.
cent, bonds of the purchasing companies. It was provided that the amount of stock called
for in the offer to purchase should be deposited before July 1, 1902. Up to June 1, 1903,
$3,873,400 of the $5,000,000 preferred stock and $9,746,900 of the $10,500,000 common
stock were acquired and $11,788,000 of the joint bonds were issued in payment therefor
(see Section 15).
Control by Atlantic Coast Line RR. Co. — As of Nov. 1, 1902, the control of this
company was acquired by the Atlantic Coast Line RR. Co., through the purchase of
$30,600,000, being a majority, of the capital stock. The details of this purchase will be
found in the statement for the Atlantic Coast Line RR. Co. (see GENERAL INDEX).
Purchase of Yellow River RR. — The Yellow River RR., from Crestview, Fla., to Flo-
ra la, Ala., 27 miles, with branch to Simpson, Fla., 5 miles, was purchased by the Louisville
and Nashville RR. Co. in Nov., 1902 (see statement in Sec. 23).
3. Lines Owned but Not Operated.— The section of the Clarksville and Princeton
Branch between Gracey and Princeton, 20.70 miles, is leased to the Illinois Central RR.
Co. at a rental of $12,039.70 per annum. The Paducah and Memphis Division is leased to
the Nashville, Chattanooga and St. Louis Ry. Co., at a yearly rental equal to 5 p. c. upon
the cost of the line, including all improvements and betterments.
4. Controlled Railroads Operated Separately.— This company controls the Nash-
ville, Chattanooga and St. Louis Ry. Co. through ownership of $6,032,600 out of a total of
$10,000,000 of its outstanding capital stock. It also controls the Atlanta, Knoxville and
Northern Ry. Co. through ownership of a majority of both classes of the capital stock.
This company and the Southern Ry. Co. own the entire capital stock of the Birmingham
Southern RR. Co., each company holding $300,000 par value of the preferred stock and
$300,000 par value of the common stock. The same companies control the Chicago,
Indianapolis and Louisville Ry. Co. through ownership of a majority of each class of its
capital stock. This company owns one-half of the capital stock of the Central Transfer
Railway and Storage Co.
5. Joint Leaseholds.— The property of the Louisville and Nashville Terminal Co.
(see statement in Section 22) is leased jointly by this company and the Nashville, Chatta-
nooga and St. Louis Ry. Co. This company and the Atlantic Coast Line RR. Co. are joint
lessees of the Georgia RR. and its dependencies. ( See GENERAL INDEX for Georgia RR. and
Banking Co.)
6. Rolling Stock, June 30, 1902.— Locomotives, 589. Cars— passenger, 323; bag-
gage, mail, and express, 129; freight (box, 13,258; flat, 1,742; stock, 849; coal, 6,458;
refrigerator and other, 2,186), 24,493; service, 983 — total, 25,928.
7. Rolling Stock, Dec. 31, 1902. — Locomotives, 590. Cars — passenger, 332; bag-
gage, mail, and express, 128; freight (box, 13,813; stock, 834; flat, 1,689; coal, 7,174;
refrigerator and other, 2,143), 25,653; service, 1,008 — total, 27,121.
8. General Income Account, year ending June 30, 1902.
Expenses— Maint. Way and Structures.. $4,636,930 28
Maintenance of Equipment. . 4,440,261 68
Earnings — Passenger $6,217,803 38
Freight 22,772,175 67
Mail and Express 1,407,786 98
Miscellaneous 314,49134
Total ( $9,231.91 per mile.) $30,712,257 37
Net Earnings ( 31.94 p. c. ) $9,809,819 53
Rents Received 460,349 13
Income from Investments 389,212 20
Other Income 151,460 24
Total Net Income $10,810,841 10
Conducting Transportation. 10,865,177 44
General Expenses 1,061,078 64
Total ($6,283.14 per mile.) $20,902,43784
Rents and Taxes Paid $1,110,747 11
Interest on Funded Debt 4,708,34519
Sinking Funds 141,10000
S. & N. A. RR. Surplus Earnings 71.87733
Unfunded Discount 63,46436
Dividends (6 p. c.) 2,875,00000
Total Payments $8,960,63399
Balance, surplus for year, $1,850,307.11, carried to credit of profit and loss account.
9. Profit and LOSS Account, June 30, 1902.— Balance to credit, June 30, 1901,
$5,844,047.65; interest received on bonds in sinking funds accrued prior to June 30, 1901,
POOR'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO.
301
$30,149.58; sinking fund payments for which no bonds are received, charged to income
account (L. A N. South and North Ala. trust deed mtge. sinking fund, $20,000; Pensa-
cola and Atlantic 1st mtge. sinking fund, $56,100; Cecilia Branch mtge. sinking fund,
$65,000), $141,100; profit on securities bought and sold, $331,533.69; profit on rails sold
during year, $55,396.87; surplus earnings of South and North Ala. RR. for year (previous
losses having been charged to this account), $71,877.33; amounts realized from various
sources, $14,875.32; surplus income for year, $1,850,307.11 — total, $8,339,287.55. Contra:
Premium on bonds redeemed for sinking funds, $39,900; accounts charged off, $10,699.28;
reserve fund for improvements at Pensacola (expenditures in excess of previous appropri-
ation charged off), $64,183.29; bonds purchased for sinking funds brought to par on
ledger, $2,443.53 ; cost of 3 dining cars, $38,956.97 ; Cecilia Branch, cost of road in excess
of amount received for it, $397,328.37 ; attorneys' fees in suit against Louisville Bridge
Co., $5,000; settlement in full of amount due to Covington and Cincinnati Elevated
Railroad and Transfer and Bridge Co. for back taxes, $27,298.13; judgments and costs,
etc., on account of Northern Division Cumberland and Ohio RR., $29,796.24; balance to
credit of profit and loss account, June 30, 1902, $7,723,681.74 — total, $8,339,287.55.
10. Estimate of Fixed Charges, 1902-1903.— Interest charges (L. & N. RR.
bonds, $4,365,913; Nashville and Decatur RR. stock, interest at 7y2 p. c., $265,931; South
and North Alabama RR. bonds, $427,300), $5,059,144; sinking funds (Louisville and
Nashville-South and North Alabama trust deed, $20,000; Evansville, Henderson and
Nashville Division bonds, $60,500; Pensacola and Atlantic bonds, $59,400; Cecilia Branch
bonds, $65,000; L. & N. gen. mtge. bonds, $359,700; South and North Alabama RR. bonds,
$185,638), $750,238; guaranty under lease of Georgia RR., $300,000 — total, $6,109,382.
11. Statement of operations and income for seven years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles Rd.0per(av.)
Pass. Train Miles . ..
Freight Train Miles.
Mixed Train Miles
2,965.00
5,442,726
9,133,333
2,980.93
5,463,843
9,708,572
2,988.00
5,535,364
10,383,286
2,988.16
5,600,118
10.866,162
3,007.35
5,614,638
11,542,778
3,169.27
5,825,994
11.342,859
611,171
3,326.75
6,042,402
12,688,689
619,287
Revenue Train Miles
Passengers Carried .
Passenger Mileage. ..
Freight (tons)M'ved
Freight (ton) Miles.
Passenger Earnings..
Freight Earnings. . .
Other Kurninpi
Gross Earnings* . . .
Operating Exp.*
Net Earnings
Other Receipts
Available Revenue .
Fixed Charges
Dividends
14,576,059
5,455,749
209,967,678
11,856,552
1,674,658,419
15,172,415
5,115,190
186,851,997
11,391,942
1,737,230,703
15,918,650
5,208,588
207,903,873
12,309.731
2.011,367,850
1
4,557.729
15,854,802
1,584,122
16,466,280
5,446,801
215,203,228
12,390,835
2.230,767,045
1
4,905,584
17,100,715
1.753,187
17,157,416
6,282,042
222,424,321
15,839,470
2,581,672,886
$
5,238,314
20,699,779
1,804,286
17,780,024
6,872.354
239,730,479
16,685,466
2,655,984,116
5,742,581
20,419,162
1,860,464
19,350,378
7.197,018
263,429,527
18,320,972
3,072,503,736
$
6,217,803
22,772,176
1.722,278
S
4,666,750
14,324,906
1,399,055
*
4,291,735
14,641,263
1,439,309
20,390,711
13,505,206
20,372,307
13,849,218
21,996.653
14,921,730
23,759,486
15,731,588
27.742,379
18,603,406
28,022,207
18,233,034
30,712.257
20,902,438
6,885,505
434,372
6,523,089
427,064
7,074.923
590,776
8,027,898
540,645
9.138,973
650,044
9,789.173
704,688
9.809,819
1.001,022
7,319,877
5,563,057
6,950,153
5.571,509
7.665.699
5.612,842
8,568,543
5,707,033
(3i) 1,848,000
234,611
778,899
7,951 21
5,26464
2,68657
66.21 p.c.
2.23 c.
0.73 c.
9,789,017
5,782,181
(4) 2,112,000
387,60?
1,507,235
9,22485
6,18597
3,03888
67.06 p.c.
2.31 c.
0.76c.
10,493,861
5,965.274
(5) 2,695,000
247.474
1,586,113
8,84184
5,75307
3.08877
65.07 p.c.
2.35 c.
0.77 c.
10,810,841
5,819,092
(5) 2,875.000
266.442
1.850.307
9,231 91
6,28314
2.94877
68.06 p.c.
2.32 c.
0.74 c.
Other Deductions . .
Balance, Surplus . . .
Gross Earn, per Mile
Oper. Exp. per Mile..
Net Earn, per Mile . .
Expenses to Earn . .
Av. Rate p. Pass. p. M
Av.Ratep.Tonp.M.
379.317
1.377,503
6.87714
4,55488
2,32226
66.23 p.c.
2.18c.
0.82 c.
399,464
979,180
0.83422
4.64595
2,18827
67.98 p.c.
2.25 c.
0.81 c.
419,955
1,632,902
7,36166
4,99388
2,367 78
67.84 p.c.
2.15c.
0.75 c.
•Earnings and expenses on company's material included In 1900 and previous years, but not in
1901 and 1902.
302
POOR'S MANUAL GULF AND MISSISSIPPI VALLEY GROUP.
12. General Balance Sheet, June 30, 1901, and June 30, 1902.
(For condensed balance sheet, 1894 to 1900, see MANUAL for 1901, page 417.
A38F-TS.
1901 1902
$120 034 158 24 $121 356 483 83
LIABILITIES.
Capital Stock.
1901 1902
$55 000 000 00 $00 000 000 00
15 908 177 92 15 764 177 92
Bonded Debt
90 284 660 00 89 605 660 00
8.008 558 87 1 1,074.706 25
Pay Rolls and Vouchers. . .
2,058,682 01 2,696,982 51
101431494 98151308
1 086 767 17 1 108 938 14
48499146
1,431 303 43 1,559 974 43
1 543 162 48 2.502,274 95
Open Accounts
850,2(50 29 441,738 32
178 232 34 226 263 62
Unmatured Interest
777,22025 71162509
739 417 81 1 289 700 79
652,022 80 806.400 59
1 397 992 38 1 344 528 02
Reserve Funds
301,670 52 336,988 64
2 486 791 68 2 522 201 35
Profit and Loss.
5,844,047 65 7,723,681 74
Cash and Current Assets
6,975,82746 6,845,14819
Totals...
$1.58.286.634 12 $164.991.989 46
Totals. . .
. . $158,286,63412 $164,991,98946
13. Capital Stock. — The company is authorized by its charter to increase the capital stock
to an amount sufficient to represent the full cost of the railroad and its branches. The capital stock
outstanding on June 30, 1901, amounted to $54,913,720 and on June 30, 1902, to $59,915,520, the
difference between the amounts named and those given in the general balance sheet — $86,280 on
June 30, 1901, and $84,480 on June 30, 1902 — representing stock unissued. The Atlantic Coast
Line RR. Co. owns $30,600,000 of the $60,000,000 capital stock. Par value of stock, $100 per share.
14. Funded Debt The funded debt of the company on June 30, 1902 (total, $111,016,660),
consisted of the several issues of bonds listed in the following statement. Additional particulars re-
specting any issue will be found in the paragraph relating thereto, appended to the statement:
Bonds Outstanding ($89,514,660).
M. C. & L. RR. £ 1st 6s of Aug. 1, 1902. . . $1,994,660
M. & L. RR. No. Div., 7s of Jan. 1, 1906. . 400,000
Cecilia Branch 7s of March 1, 1907 325,000
L., C. & L. Ry. 2d 7s of Oct. 1, 1907 892,000
L. & N. RR. Sink. Fd. 6s of April 1, 1910. 1,926,000
St. L. Property 1st 5s of March 1, 1916. . 617,000
L. & N. 5-20 Coll. Tr. 4s of April 1, 1918 6,767,000
E. H. & N. Div. 1st 6s of Dec. 1, 1919.... 1,840,000
Pensacola Div. 1st 6s of March 1, 1920. . 544,000
S. E. & St. L. Div. 1st 6s of March 1, 1921 3,500,000
Pensa. & Atl. Div. 1st 6s of Aug. 1, 1921. 1,741,000
N. O. & Mobile Div. 1st 6s of Jan. 1, 1930. 5,000,000
N. O. & Mobile Div. 2d 6s of Jan. 1, 1930. . 1,000,000
L. & N. General 6s of June 1, 1930 8,911,000
L., C. & L. Ry. Gen. 4Js of Nov. 1, 1931. . . 3,258,000
L. & N. 1st Trust 5s of Nov. 1, 1931 4,940,000
L. & N. 1st gold 5s of May 1, 1937. 1,749,000
N., F. & S. Ry. 1st 5s of Aug. 1, 1937.... 1,996,000
L. & N. Unified 50-yr. 4s of July 1, 1940. . 28,398,000
L. & N.-M. & M. 1st 4Js of Sept. 1, 1945. . 4,000,000
S. E. & St. L. Div. 2d 3s of March 1, 1980. 3,000,000
Ky. Cent. Ry. 1st 4s of July 1, 1987 6,700,000
Past-due Bonds — 1893 to 1901 16,000
Bonds in Trusts ($11,125,000).
L. & N. Pad. & Mem. Div. 1st Gold 4s of
Feb. 1, 1946 $2,400,000
L. & N. Unified Mtge. 50-yr. Gold Bonds . 8,725,000
Bonds in Sinking Funds ($1,667,000).
M., C. & L. £ 1st 6s of Aug. 1, 1902 2,000
L. & N. 1st Gold 5s of May 1, 1937 15,000
L. & N. Unified Mtge. 50-yr. Gold Bonds. 1,229,000
L. & N. Pensa. Div. 1st 6s of Mar. 1,1920. 36,000
Ky. Cent. Ry. 1st Gold 4s of July 1, 1987. 42,000
N., F. & S. Ry. 1st 5s of Aug. 1, 1937 100,000
Pensa. & Atl. Div. 1st 6s of Aug. 1, 1921. . 20,000
L. & N. Sink. Fd. 6s of April 1, 1910 34,000
L. & N. 1st Trust 6s of Nov. 1, 1931 189,000
Bonds in Treasury ($8,619,000).
Unified Mtge. 50-yr. Gold Bonds 4,704,000
Pad. & Mem. Div. 1st Mtge. Gold Bonds. 2,379,000
Pensacola & Atl. Div. 1st Mtge. Bonds. . 803,000
5-20 Collateral Trust Gold Bonds 733,000
In "Outstanding Bonds" In the preceding statement are Included bonds to the following amounts,
which had been drawn for sinking fund, but not presented for redemption : $65,000 Cecilia Branch
bonds, on which Interest ceased Sept. 1, 1902 ; $5,000 Evansville, Henderson and Nashville Division
bonds, on which interest ceased Dec. 1, 1901 ; $10,000 Pensacola and Atlantic RR. bonds, on which
interest ceased Feb. 1, 1902 ; $5,000 gen. mtge. bonds, on which interest ceased June 1, 1901, and
$71,000, on which interest ceased June 1, 1902.
Memphis, Clarksville and Louisville Bonds. — Secured on the section of the Memphis Line be-
tween Paris, Tenn., and the Kentucky State Line, 82.25 miles. The principal is redeemable by means
of a sinking fund of 1 p. c. per annum, which is applied to the purchase of bonds, if they can be
obtained below par, but which is invested in other securities if the bonds are above par. On June 30,
1902, the trustees of the fund held $1,199,000 of bonds ($122,000 L. & N. RR. 5 p. c. trust bonds,
$18,000 Pens. & Atl. RR. 1st mtge. bonds, $100,000 N. F. & S. Ry. 1st mtge. bonds, $890,000 L. & N.
RR. unified bonds, $36,000 Pensacola Division 1st mtge. bonds, $15,000 L. & N. RR. 5 p. c. gold
bonds, $16,000 Ky. Cent. Ry. 1st mtge. bonds and $2,000 M. C. & L. RR. £ 1st mtge. bonds, besides
$1,915.81 in cash uninvested.
Maysville and Lexington RR. Northern Division Bonds. — Secured by first mortgage on the branch
of the Kentucky Central Ry. from Maysville to Paris, Ky., 49.32 miles.
Cecilia Branch Bonds. — Secured by first mortgage on the Cecilia Branch, 46 miles. There is a
sinking fund of $65,000 a year for retirement of these bonds at par, and if they cannot be purchased
at that price they are drawn by lot. The Cecilia Branch having been sold to the Illinois Central RR.
Co. (statement for which see), the Louisville and Nashville RR. Co. has deposited with August Bel-
mont & Co., as trustee, an equal number of its unified bonds, to guarantee the payment of the out-
standing Cecilia Branch bonds.
Louisville, Cincinnati and Lexington 2d Mtge. Bonds. — Secured on the line from Louisville to
Newport, Ky., and on the Lexington Branch, together 175.96 miles. There is a sinking fund pro-
vision, but bonds are not drawn.
Sinking Fund 6 p. c. Gold Bonds. — Secured by deposit of $2,000,000 of South and North Alabama
RR. Co. 2d mtge. 6 p. c. bonds. The original issue amounted to $2,000,000 redeemed by operation
of the sinking fund, $74,000. On June 30, 1902, the trustees of the sinking fund held $490,000 of
bonds ($67,000 5 p. c. trust bonds, $34,000 of these sinking fund bonds, $339,000 unified bonds,
$22,000 So. and No. Ala. RR. consols., $2,000 Pens. & Atl. RR. 1st mtge. bonds, and $26,000 Ky.
Cent. Ry. 1st mtge. bonds), beeides $2,571.50 in cash uninvested.
POOR S MANUAL — LOUISVILLE AND NASHVILLE RR. CO. 303
St. Louis Property First Mtge. Gold Bonds. — Issued for the purchase and Improvement ol ter-
minal property in St. Louis, Mo. The bonds are secured on the property purchased.
Five-Twenty Collateral Trust Gold Bonds. — Secured by deposit with the United States Trust Co.
of New York, trustee, of $8,400,000 unified 4J p. c. bonds and $2,400,000 Paducah and Memphis
Division bonds. The total issue on June 30, 1902, was $7,500,000, but $733,000 of the bonds were
held in the treasury of the company. The entire issue was called for redemption April 1, 1903, the
holders being offered the privilege of exchanging their bonds for new 4 p. c. collateral trust bonds to
be issued in 1903 (see Sec. 16).
Evansville, Henderson and Nashville Division Gold Bonds. — Secured by first mortgage on the
Henderson Division and Madisonville Branch. There is a sinking fund of $60,500 yearly till 1905,
the amount increasing each five years thereafter till $150,000 per annum is reached. This fund is
applied to purchase of the bonds at not over 110, but if they cannot be got at that price an amount
sufficient to exhaust the annual sinking fund Is subject to call at 10 p. c. premium.
Pensacola Division Gold Bonds. — Secured on the line from Pensacola, Fla., to Flomaton, Ala.
There is a sinking fund of $10,000 yearly increasing at stated periods till all the bonds are paid off.
The sinking fund is applied to purchase of bonds at 105, but if they cannot be obtained at that price
bonds are drawn by lot. The total issue is $580,000, but $36,000 of the bonds are in sinking fund.
Southeast and St. Louis Division Gold Bonds. — Secured in the order of their priority on the
Southeast and St. Louis Ry. and branches, 208.74 miles. Except as to date and time of mortgage,
rate of interest and priority of lien, the 1st and 2d mtge. bonds are alike in all respects.
Pensacola and Atlantic Division Gold Bonds.— Secured on the railroad from Pensacola to River
June., Fla., 160.28 miles, and on all property appertaining to that line. They are guaranteed, prin-
cipal and interest, by the Louisville and Nashville RR. Co., the guaranty being endorsed on each
bond. There is a yearly sinking fund (commenced Feb. 1, 1892), of 1.1 p. c., for redemption of the
bonds, by purchases or drawings, at 10 p. c. premium. The total issue of these bonds is $2,574,000,
of which bonds amounting to $803,000 are in the treasury of the company and $20,000 in sinking
fund.
New Orleans and Mobile Division Gold Bonds. — Secured in the order of their priority on the line
from Mobile, Ala., to New Orleans, La., 140.36 miles.
General Mortgage Gold Bonds. — Secured by first mortgage on the main stem, the Bardstown,
Richmond and Knoxville Branches, and the 46 miles of the Memphis line within the State of Ken-
tucky. They are also secured on the section of the Memphis Line between Guthrie (Kentucky Line)
and Memphis and on the Henderson Division and Madisonville Branch, subject to the prior liens of
the Memphis and Ohio, the Memphis, Clarksville and Louisville, and the Evansville, Henderson and
Nashville mortgages. The mortgage provides for a sinking fund sufficient to retire the bonds before
maturity, the company having the right to draw them by lot at 110 and interest. On June 1, 1903,
$327,000 of the bonds were redeemed by action of the sinking fund.
Louisville, Cincinnati and Lexington General Mortgage Gold Bonds. — These rank next after the
L., C. & L. Ry. 2d mtge. bonds on the Cincinnati Division and Lexington Branch.
First Mortgage Collateral Trust Gold Bonds. — These are part of an authorized issue of $7,000,-
000, to be secured by deposit in trust of $5,000,000 1st mtge. 5 p. c. bonds of the Birmingham
Mineral RR. Co., due Nov. 1, 1937, and $2,000,000 1st mtge. 6 p. c. bonds of the Owensboro' and
Nashville Ry. Co., due Nov. 1, 1931. The trustee holds as security for the amount of bonds out-
standing, $3,929,000 Birmingham Mineral bonds, and $1,200,000 Owensboro' and Nashville bonds.
The total issue of the trust bonds is $5,129,000, but bonds amounting to $189,000 are in sinking
fund.
First Mortgage 50-year Gold Bonds of 1937. — Secured on the section of the Cumberland
Valley Branch extending from Corbin, Ky., to a point in Virginia, 46.5 miles distant ; on the line
frcm Clarksville, Tenn., to Princeton, Ky., 52.70 miles, and on the Springfield Branch, 20.07 miles.
Authorized issue, $3,500,000 at the rate of $15,000 per mile. Amount issued, $1,764,000 ; in sink-
ing fund, $15,000 ; outstanding, $1,749,000.
Nashville, Florence and Sheffield Bonds. — Secured by a first mortgage on the line from Columbia,
Tenn., to Sheffield, Ala., 82.13 miles, and on the branches from Iron City to Pinkney, 11.78 miles, and
from Summertown to Napier, 10.92 miles. The L. & N. RR. guarantees the bonds, both principal
and interest.
Louisville and Nashville-Mobile and Montgomery Joint 1st Mtge. Gold Bonds. — Secured on the
property and assets of the Mobile and Montgomery Ry. Co. (See MANUAL, for 1897, page 502.) The
authorized issue is $5,000,000, but $1,000,000 of bonds are reserved for extension, improvements,
equipment and betterments to the Mobile and Montgomery Ry.
Kentucky Central Ry. 1st Mtge. Gold Bonds. — Secured by first mortgage on 148.58 miles of rail-
road owned in fee simple by the Kentucky Central Ry. Co. (Covington to Roundstone Sink, Ky.,
151.78 miles, less 3.2 miles between Richmond and Ft. Estill, which is a leasehold) ; on thn
proprietary interest of the Kentucky Central Ry. Co. in the Maysville and Lexington RR., Southern
Division, from Paris to Lexington, Ky., 19 miles, and In the Maysville and Lexington RR., Northern
Division, from Paris to Maysville, Ky., 49 miles ; and on the perpetual leasehold estate held by the
Kentucky Central Ry. Co. in the Richmond Branch of the Louisville and Nashville RR. Co. The
Kentucky Central Ry. Co. owns all the capital stock of the two Maysville and Lexington companies ;
the Northern Division is subject to a mortgage securing $400,000 of 7 p. c. bonds maturing Jan. 1,
1906. The line between Roundstone Sink and Livingston, Ky., 3.34 miles, is owned by the Louisville
and Nashville RR. Co. (the rails thereon are owned by the Kentucky Central Ry. Co.), certain lease-
hold rights therein being leased to the Kentucky Central Ry. Co. at a rental of $3,045 per annum.
The Richmond Branch of the Louisville and Nashville RR. is leased by the Kentucky Central Ry. Co.,
at an annual rental of $24,000 per annum, the lessee having the right to purchase the line at any
time for $400,000.
Paducah and Memphis Division Gold Bonds. — Secured by first mortgage on the Paducah and
Memphis Division, 254.20 miles. The authorized amount is $5,000,000, of which bonds for $4,779,-
000 have been issued ; but of these $2,400,000 are deposited with the United States Trust Co. of New
York, as security for the five-twenty collateral trust gold bonds, and $2,379,000 are in the treasury
of the company. The remaining bonds, $221,000, are reserved for improvements.
Unified Mortgage 50-year Gold Bonds. — Secured on the entire property and assets of the L. & N.
RR. Co., of whatever description, but subject to prior liens. Of these there were on June 30, 1902,
$18,758,660, to wit: $7,000 consol. mtge. bonds of April 1, 1898, $8,987,000 gen. mtge. bonds of
June 1, 1930, $1,000 city of Louisville loan of Oct. 15, 1893, $1,764,000 1st mtge. 5 p. c. bonds of
1937, $5,000 Memphis and Ohio sterling bonds of June 1, 1901, $1,996,660 Memphis, Clarksville and
Louisville bonds, $1,845,000 Evansville, Henderson and Nashville Division bonds, $3,000 1st mtge.
304
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
(of Jan. 1, 1897). $892,000 2d mtge.. and $3.258,000 gen. mtge. bonds of the L.. C. & L. Ry. Co.
None of these prior liens can be extended, nor can further bonds be issued under any of the prior
mortgages. In addition to an amount of bonds sufficient to retire all underlying bonds, the unified
mortgage provided for $32,461,660 bonds (making a total of $76,000,000) to be issued for Improve-
ments, extensions, and other purposes of the company ; those issued for extensions or for the pur-
chase of other railroads to be at a rate not exceeding $32,000 per mile, including $7,000 per mile for
equipment, and to become a lien, either by direct mortgage or collaterally, on the lines thus acquired.
Under this provision the unified mtge. bonds have become a direct first mortgage on the following
lines : Cumberland Valley Branch, extension from a point 46.5 m. from Corbin, Ky., to Norton, Va.,
70.94 m. ; Clarksville Mineral Branch, 38.03 m. ; New and Old Decatur Belt and Terminal, 3.62 m. ;
Shelby Cut-off, 8.51 m. ; Montgomery and Prattville RR., 10.35 m. ; Sheffield and Tuscumbla RR.,
2.63 m. ; Middlesborough RR., 13.15 m. ; Wilton Branch of Knoxville Division, 3.97 m. ; Shelby-
ville, Bloomfleld and Ohio RR., 26.72 m. ; Cumberland River and Tennessee RR., 12.62 m. ; Bir-
mingham, Selma and New Orleans Ry., 60.25 m. ; Alabama and Florida RR., 100.38 m. — total,
351.12 miles. The bonds are additionally secured by deposit of securities of proprietary and other
companies as follows :
Par Value. Ledger Value.
Ala. M'n', RR. Co., 4 p.c.bonds $3,150,000 $1,650,010 00
15,000 shares L, C. * L. Ry. pre- 1 j 500 000 )
Par Value. Ledger Value
395 sh. Hend. Belt RR. stock. . .. $19,750 $19,750 00
11,785 6-50 sh. Shelby RR. rtock . . 589,256 160.744 87
9,850 shares L..C.4L. Ry., com- 1 985000 [ W'*'*
Totals $29,183.606 $16,648,086 2fl
20,000 shares S. 4 N. Ala. RR., 1 2 000 000 )
Deduct the cost of the following securities, which
having been added to the cost of the road, ia
deducted from this account, viz.:
L., C. 4 L. Ry. stock. $3,052,574 81
1U74 shares S. 4 N. Ala. RR., 1 , 1274nn f 1-125-50069
common stock ) 1-UY'*W
29,397 sh. Mob.&Mont, Ry. stock. .. 2,939,700 3,272,906 12
38,850 sh. N. 0. M. 4 T. RR.stock . 3,985,000
9,800 sh. S. E. 4 St. L. Ry. stock . . 980,000 294,000 00
55,015 sh. N., C. 4 St. L. Rv. stock. 5,501,500 5,355,538 75
9634sh 0 4N.Ry stock 963,400 250,72848
Ala. M'n'l RR. bonds 1,650,010 00
Stock . 225 010 00
Mob. 4 Mont. Ry. stock 3,272,906 12
S. E. 4 St. L. Ry. stock. 294,000 00
5,010 sh. Hend. B'dge Co. stock . . 501,000 501,000 00
2,850 sh. Pensacola RR. stock. . . . 285,000 2,850 00
1,000 sh. Louisv. Ry. Tr. stock. . . . 100,000 47,062 54
19,726 sh. Birm. M'n'l RR. stock . . 1,972,600 690,410 00
19,090 sh. Ala. MV1 RR. stock 1.969,000 225,01000
6,150sh. N., F. 4S. Ry. stock. . . . 615,000
15. " Monon " Purchase Joint Gold Hi
Pensacola RR stock 285000
Henderson Belt RR. stock 19.750 00
Louisv. Ry. Transfer stock. . . 47,062 54
Shelby RR. stock 160,744 87— 8,724,908 84
Balance as per general balance sheet $7,923, 177 92
»nds. — After June 30, 1902, $11,683,000 of the 4
p. c. 50-year Joint bonds of this company and the Southern Ry. Co. were issued in payment for
$3,800,000 of the $5,000,000 preferred stock and $9,696,900 of the $10,500,000 common stock of the
Chicago, Indianapolis and Louisville Ry. Co., on the terms stated In Section 2. The authorized Issue
Is $15,500,000, of which bonds amounting to $1,817,000 are set aside to be used In acquiring the re-
maining shares of the common and preferred stock of the Chicago, Indianapolis and Louisville Ry.
Co., while the remaining $2,000,000 are reserved for the betterment, Improvement and enlargement
of that company's property. The bonds reserved for betterments, etc., are to be issued under care-
fully guarded restrictions and at a rate not to exceed $500,000 a year. The bonds are secured by de-
posit of the shares against which they were Issued, those shares being owned one-half each by the
Louisville and Nashville RR. Co. and the Southern Ry. Co. Each cf those companies Is liable for
one-half of the bonds, principal and interest, and each of them must bear one-half of all other obli-
gations imposed by the indenture under which the bonds were issued. Should either company default
in its obligations to the other in respect of the bonds, the deposited stock belonging to the defaulting
company shall become the property of the company not in default, which thenceforth shall become
liable In severally upon all covenants contained in the bonds. It Is provided that the C., I. & L. Ry.
Co. shall not execute or issue any bonds except for the refunding of its existing obligations, or for
the acquisition of additional property, or for betterments, improvements or other lawful purposes,
and that no proceeds of any bonds to be issued by the C., I. & L. Ry. Co. can be used to pay any part
of the joint bonds, unless all such joint bonds shall then be paid. The bonds may be called for re-
demption on any 1st of Jan. or 1st of July, after 1907, at 105 p. c. and accrued interest ; but not less
than $1,000,000 shall be called at any one time, nor shall any of the registered bonds be called until
all the coupon bonds have been redeemed or called for redemption. The bonds may be issued either
In coupon or registered form, the coupon bonds to be of the denomination of $1,000 and the regis-
tered bonds in denominations of $1,000, $5,000, $10,000 and multiples of $10,000. Coupon bonds
may be registered as to principal alone or may be exchanged for fully registered bonds. Principal
and interest are payable in gold, free of all taxes. Trustee and registrar of bonds : Standard Trust
Co., New York, N. Y.
16. New Collateral Trust Bonds. — An Issue of $30,000,000 of 4 p. c. gold bonds, to
mature on April 1, 1923, has been authorized, and it is expected that $23,000,000 of them will be
Issued during 1903, partly to take up the $7,500,000 of five-twenty collateral trust bonds called for
redemption April 1, 1903, and partly for the general purposes of the company. The bonds will be
subject to redemption after five years at the option of the company. They will be secured by deposit
of $24,000,000 unified mortgage bonds (of which $8,250,000 are in the treasury, $8,400,000 are
pledged for the five-twenty bonds and $7,350,000 are to be received from the trustee), $4,779,000
Paducah and Memphis Division bonds, $2,500,000 Louisville and Nashville Terminal Co.'s bonds,
$4,221,000 South and North Alabama RR. 5 p. c. bonds and $500,000 Pensacola and Atlantic RR. 1st
mortgage bonds — a total of $36,000,000.
17. Guaranteed Honda. — The Louisville and Nashville RR. Co. guarantees $3,130,190
sterling 6s and $4,771,000 consol. 5s of the South and North Alabama RR. Co. (see statement for
that road in Sec. 20).
18. Construction Account. — The construction account was closed July 1, 1894, since
which date the items which had been charged to that account have been charged to operating expenses
under the sub-account of Improvement Account. The amount so charged during the year ending
June 30, 1902, was $1,487,277.19. During the same period the cost of road was charged with $2,-
723,586.86, expended on various parts of the system as follows : Main stem, $1,059,362.16 ; Mem-
phis Line, $120.55 ; Southern Alabama RR., $150,121.68 ; Louisville, Cincinnati and Lexington Ry..
$128.48; Shelby Cut-off, $130.10; Alabama and Florida RR., $213,032.83; purchase of other rail-
POOR S MANUAL — LOUISVILLE AND NASHVILLE RR. CO.
305
roads (Shelbyville, Bloomfleld and Ohio, $250,000; Cumberland River and Tennessee, $50,000;
Birmingham, Selma and New Orleans, $819,936.52; Shelby RR., $180,754.54), $1,300,691.06.
There were credits amounting to $1,401,261.27, of which $1,397,328.37 represented the cost of tho
Cecilia Branch.
19. StocUa and Bonds Owned. — The following is a statement of the stocks and bonds
owned by the Louisville and Nashville RR. Co. on June 30, 1902, showing the amounts held In the
treasury of the company and the amounts deposited in trust :
STOCKS.
Ala AFla RR
Held in
Treasury.
$
364,000
Deposited
in Trust.
$
STOCKS.
Pensacola RR
Held in
Treasury.
15,000
748,400
46,100
46,100
12,500
3,550
8,900
38,600
Deposited
in Trust.
$
285,000
Ala Mineral RR
1,969,000
Pontchartrain RR
Atlanta Belt Line
200,000
2,994,000
1,498,000
5,000
25,000
32,500
455,000
300,000
300,000
199,700
25,000
10,000
25,000
50,000
300,000
17,275
662,200
10,000
82,300
250
437,000
100,000
6.908,807
28,000
10,000
3,300
100,000
15,000
60,666
50,000
Republic I. A Steel Co., com
Atlanta, Knox., & No. Ry., com . .
Atlanta, Knox., A No. Ry., pref. . .
Republic I. A Steel Co., pref
St. L. A Tenn. Riv. Packet Co. . .
Shelby RR
589,256
Shelbyv., Bloomf. A Ohio RR. . .
So. A No. Ala. RR., com
So. A No. Ala. RR., pref
Augusta Belt Rv
"i.972)606
1,127,400
2,000,000
Birm. Mineral RR
So. Car. A Augusta RR
5,000
241,000
19,200
50,000
50,000
21,750
205,800
48,300
S. C. Terminal Co
Birm Selma A N 0 Ry
South East A St. L Ry
980,000
Cent. Transf . Ry. A Storage Co
Clear Fork RR
Southern Ala. RR
Stouts Mountain RR
Tenn. River Packet Co
Term. RR. Assn. of St. L.
Whitley Coal Co
Cumb River & Tenn. RR
Elkton & Guthrie RR
Totals
Fla A Gulf Land Co
22,192,757
12,003,280
26,033,606
14,998,076
3,150,000
3,929,000
Goodlettsville A Greenbrier RR . .
Gulf Transit Co
Ledger Value ....
BONDS.
Alabama Mineral RR
Henderson Belt RR
19,750
501,000
Jellico Bird Eye A No. Ry
Birm. Mineral RR .
Cent. Transf. Ry. A Storage Co. . ..
City of Bowling Green
9,000
3,000
25,000
22,000
4,704,000
2,379,000
733,000
803,000
2000000
Ky Public Kiev. Co
Knox, La Follette A Jellico RR . . .
Lex. Terminal RR (Ga.)
Elkton A Guthrie RR
Gainesv., Jeff. A So. RR., 2d
LAN unified mtge
LAN Terminal Co
8.725,000
2,400,000
985,000
1,500,000
L. A N. Pad. A Mem. Div
LAN., 5-20 coU.tr
L. A N. Pen. A Atl. RR
Louis.. Cin. A Lex. Ry., pref
Louis., Har. Cr. A Westp. RR
Louisville Property Co
100,666
L. A N Terminal Co
Louisville Ry. Terminal Co
Muhlenberg County, Ky
35,000
1,000
Long Branch Coal RR
50,000
50,000
552,000
15,000
11,100
125,000
1,971,600
1,676.100
Nash., Chatt. A St. L. Ry.
1,200,000
Middleborough RR . .
Pen A Atl RR 1 g
516,000
43,000
Milledeeville Ry
Sloss Iron A Steel Co
2,939,700
So A No Ala RR 2d . .
2,000,000
500,000
Mont. A Prattville RR
So A No Ala RR cons .
826,000
300,000
11,564
Nashville A Decatur RR
So. Div. Cumb. A Ohio RR
Nash Chatt ASt L Ry
5,501,500
615,000
Totals
New A Old Dec. Belt A Term
N 0 Mobile A Texas Ry
6,300
15,000
500,000
200,000
193,125
,ies owned,
12,410,564
12,392,541
21,904,000
20,404,010
3,985,000
North Alabama RR
Grand Totals
Oneonta A <Utalla RR
34,603,321 47,937,606
24,395,821 35,402 086
$59,797,907.29.
Oweniboro A Nash. Ry
963,400
$82,540,926
Ledger Value
Grand total of securi
.86 ; ledger value of same,
2O. RAILROADS LEASED OR OPERATED UNDER AGREEMENTS BY THE L. & N. RR. Co.
THE RESULTS FROM WHOSE OPERATION ARE INCLUDED IN THE INCOME ACCOUNT.
HENDERSON BRIDGE AND RR Hen-
derson, Ky., to Evansville, Ind., 10.06 miles. Rail
(steel), 68 Ibs. Length of bridge superstructure,
3,698.7 ft.
HISTORY. — Organized Sept. 21, 1880; bridge
opened July 13, 1885. Operated by the L. & N.
RR. Co., which, in union with other connecting
roads, guarantees yearly tolls of $200,000 — being
interest on bonds, 5 p. c. dividends on stock, sink-
ing fund charges and organization expenses. The
results from the operation of the property have
been included in the accounts of the Louisville &
Nashville RR. Co. since May 1, 1902.
BALANCE SHEET, June 30, 1902. — Capital
stock, $1,000,000; funded debt (1st gold 6s of Sept.
1, 1931), $2,000,000; unfunded debt, $46,805; profit
and loss, $623,641 — total, $3,670,446. Contra : Cost
of bridge and real estate, $2,217,414 ; stock
bonus, $1,000,000 ; other assets, $453,032 — total, $3,-
670,446.
The Louisville & Nashville RR. Co. owns $938,-
000 of the capital stock, and the remaining $62,-
000 is held in the treasury.
CORPORATE OFFICERS. — Milton H. Smith,
Pres. ; W. D. Hines, Vice-Pres. ; J. H. Ellis, Sec. ;
W. W. Thompson, Treas., Louisville, Ky. Offices,
Louisville, Ky., and 120 Broadway.New York.N.Y.
NASHVILLE AND DECATUR RR Nash-
ville, Tenn., to Decatur, Ala., 119.24 m. ; total
track (steel; 58J to 70 Ibs.), 119.61 miles.
HISTORY. — Consol. Jan. 1, 1867, of the Tenn.
and Ala., the Central Southern, and the Tenn. and
Ala. Central RR. Cos. (See MANUAL for 1893.)
Leased to the L. & N. RR. Co., for 999 years from
July 1, 1900, at a yearly rental of 71 p. c. on the
capital stock, payable semi-annually, directly to
the stockholders, at the lessee's office in Nash-
ville, Tenn., in Louisville, Ky., or in New York,
N. Y. The shares of stock not held by the lessee
on the date of the lease are endorsed "original
stock." On these the dividends are guaranteed,
regardless of the net earnings of the property ;
306
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
and they carry a lien superior to that of any
mortgage or encumbrance that may be placed
upon the property.
FINANCIAL STATEMENT. — Capital stock
($25 shares), $3.545,750, of which the L. & N. RR.
Co. owns $1,971,600, leaving $1,574,150 in the hands
of the public.
CORPORATE OFFICERS. — D. B. Cliffe, Pros.,
Franklin, Tenn. ; Samuel Seay, Sec., Nashville,
Tenn. Office, Nashville, Tenn.
SOUTH AND NORTH ALABAMA RR
Decatur to Montgomery, Ala., 182.67 m. ; Elmore
to Wetumpka, Ala., 6.30 m. — total, 188.97 m. ; 2d
track, 14.75 m. ; total track ( steel ; 581, 68, 70, and
80 Ibs.), 276.59 miles.
HISTORY. — Main line opened Oct. 1, 1872 ; We-
tumpka Branch, July 1, 1878. Operated by the
L. & N. RR. Co., which owns a controlling inter-
est in the capital stock and guarantees the 1st
mtge. £ bonds and the 5 p. c. consols. Operations
included in those of the L. & N.
INCOME ACCOUNT. — Net earnings, 1902, $679,-
661. Paid interest on bonds, $548,069 ; taxes, $59,-
715; other charges, $108, 291 — total, $716,075. Deficit,
$36,414.
BALANCE SHEET, June 30, 1902. — Capital
stock (common, $1,483,600; preferred, $2,000,000),
$3,483,600 ; stock unissued, $9,255 ; funded debt, $9,-
901,190; unfunded debt, $2,343,743 — total, $15,737,-
788. Contra : Cost of road, etc., $11,790,692 ; sink-
ing fund and other investments, $1,385,169 ; cash
and current assets, $72,237 ; profit and loss, $2,489,-
690 — total, $15,737,7i>8.
FUNDED DEBT, June 30, 1902, consisted of
$3,130,190 (£645,400) sterling sinking fund 6s of
May 1, 1903 ; $2,000,000 2d 6s of April 1, 1910, and
$4,771,000 consol. gold 5s of Aug. 1, 1936. The
trustees of the sterling mtge. bonds hold for the
sinking fund $1,084,000 of bonds ($235,000 L. & N.
5 p. c. trust bonds, $5,000 Pensacola Div. 1st mtge.
6 p. c. bonds, $38,000 L. & N. gen. mtge. bonds,
$180,000 Pensacola and Atlantic RR. 1st mtge.
6 p. c. bonds, $494,000 L. & N. unified mtge. bonds,
$117,000 So. & No. Ala. RR. consol. mtge. bonds,
and $15,000 sterling mtge. bonds), besides $1,167.98
cash uninvested. The 2d mtge. bonds are pledged
with the Union Trust Co., trustee, as part secur-
ity for the 6 p. c. 30-yr. sinking fund bonds of the
L. & N. RR. Co. The authorized issue of consols,
is $10,000,000, a sufficient amount being reserved to
discharge prior liens.
CORPORATE OFFICERS. — M. H. Smith, Pres.,
Louisville, Ky. ; J. M. Falkner, Vice-Pres., Mont-
gomery, Ala. ; G. W. Craik, Sec., Montgomery,
Ala. ; W. \V. Thompson, Treas., Louisville, Ky.
Office, Montgomery, Ala.
21. RAILROADS LEASED OB OPERATED UNDER AGREEMENTS BY THE L. & N. RR. Co. THE
RESULTS FROM WHOSE OPERATION ABE NOT INCLUDED IN THE INCOME ACCOUNT.
ELKTON AND GUTHRIE RR Elkton,
Ky., to Elkton June., Ky., 10.92 miles.
HISTORY. — Chartered in 1884 ; road opened
Feb. 1, 1885. Operated by the Louisville and
Nashville RR. Co., under an agreement giving
the net earnings to lessor.
FINANCIAL STATEMENT. — Capital stock,
$47,372; funded debt (1st mtge. 7s of 1905), $25.-
000 — total stock and bonds, $72,372, representing
cost of road, etc.
The L. & N. RR. Co. owns $17,275 of the capi-
tal stock and all the bonds.
CORPORATE OFFICERS. — Ben. T. Perkins,
Jr., Pres. ; J. O. Street, Sec. & Treas., Elkton, Ky.
GLASGOW RY — Glasgow June, to Glasgow,
Ky., 10.5 m. ; total track (steel), 10.87 miles.
HISTORY. — Reorganization of the Glasgow
RR., whose road was sold in 1899. (See MANUAL
for 1893, page 494.) Since the road was built it
has been leased to the L. & N. RR. Co., for terms
of 5 years ; present lease expires in 1907.
FINANCIAL STATEMENT. — Capital stock,
$100,000 ; funded debt, $60,000 4 p. c. bonds, pay-
able in 20 years, with option of calling in same
after 5 years.
CORPORATE OFFICERS. — H. C. Trigg, Pres. ;
W. L. Porter, Vice-Pres. ; Paul D. Trigg, Treas. ;
T. P. Dickinson, Sec., Glasgow, Ky.
22. LEASED JOINTLY BY THE L. & N. RR. Co. AND THE N., C. & ST. L. RY.
LOUISVILLE AND NASHVILLE TERMI-
NAL CO — Chartered in March, 1893. The com-
pany owns a union station, freight stations and
other terminal facilities in Nashville, Tenn. The
property is leased jointly by the L. & N. RR. Co.
and the N., C. & St. L. Ry. at a rental of 4 p. c.
per annum upon the cost, the proportion paid by
each company being determined by its use of the
property and the number of cars handled. The
operating expenses are divided upon the same
basis.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $100,000. Funded debt outstanding
June 30, 1902, $2,000,000 1st gold 4s of May 1, 1946.
The $2,000,000 4s of 1946 have been retired since
the close of the fiscal year and $2,500,000 of a to-
tal authorized of $3,000,000 50-yr. gold 4s have been
issued. The bonds are guaranteed by the Louis-
ville & Nashville RR. Co. and by the Nashville,
Chattanooga & St. Louis RR. The stock is de-
posited as collateral to the unified mtge. bonds of
the Louisville & Nashville RR. Co. and the bonds
are deposited as collateral to the new 4 p. c. bonds
of 1923.
CORPORATE OFFICERS. — E. C. Lewis, Pres.,
Nashville, Tenn. ; J. H. Ellis, Sec. ; W.W. Thomp-
son, Treas., Louisville, Ky. Office, Nashville.Tenn.
23. RAILROAD PURCHASED BY THE L. & N. RR. Co. AFTER JUNE 30, 1902.
YELLOW RIVER RR Crestyiew, Fla., to
Florala, Ala., 27 m. ; Woods to Simpson, Fla.,
5 m. — total, 32 m. ; total track ( steel ; 30 and 56
Ibs.), 35 miles. Gauge, 4 ft 8J in. Locomotives,
3. Cars — passenger, 2 ; freight ( box, 1 ; flat, SO ) ,
31 — total, 33. Chartered, in Dec., 1887. Com-
menced business in May, 1888, as an incorporated
logging road, but was opened for regular freight
and passenger traffic in May, 1894. Connection
is made at Crestview with the Louisville and
Nashville RR., and that company supplies cars
for the transportation of all freight sent over its
lines by this company, besides supplying pas-
senger coaches for special occasions. Purchased
by the Louisville and Nashville RR. Co. in Nov.,
1902. Capital stock ($100 shares), $50,000; funded
debt (1st 4s of Jan. 1, 1919), $150,000 — total stock
nnd bonds, $200,000. (See MANUAL for 1902 page
264.)
DIRECTORS. — E. O. Saltmarsh, F. C. Brent,
W. A. Blount, Pensacola, Fla. Officers : E. O.
Saltmarsh, Pres. ; F. C. Brent, Sec. & Treas.,
Pensacola, Fla. ; C. H. Gordon, Aud., Laurel Hill,
Fla. Office, Laurel Hill, Fla.
POOR'S MANUAL OF RAILROADS. 30?
24. Board of Directors, L. & N. RR. Co., elected December 17, 1902.
H. WALTERS, Chairman of the Board .New York, N. Y.
W. G. RaouL.New York, N. Y.
Milton H. Smith.Louisville, Ky.
H. Walters ....New York, N. Y.
John I. Waterbury "
Attilla Cox Louisville, Ky.
W. Delano, Jr. . E. Orange, N. J.
W. G. Elliott. .. Baltimore, Md.
R. G. Erwin..New York, N. Y.
Mich'l Jenkins, Baltimore, Md.
D. P. Kingsley.New York, N.Y.
G. M. Lane Boston, Mass.
W. G. Oakman..New York, N.Y.
M. H. SMITH, President Louisville, Ky.
1st Vice-Pres. — Walker D. Hines. Louisville, Ky.
Zd Vice-Pres. — A. W. Morriss New York, N. Y.
3d Vice-Pros. — W. J. Dickinson.. Louisville, Ky.
Treasurer. — Wm. W. Thompson... Louisville, Ky.
Secretary. — J. H. Ellis "
Comptroller. — Charles Haydon ... " "
PRINCIPAL OFFICE AND ADDRESS Corner Main and Second Sts., Louisville, Ky.
New York Office Equitable Building, 120 Broadway.
ATLANTA, KNOXVILLE AND NORTHERN RAILWAY COMPANY.
(Controlled by Louisville & Nashville KB. Co.)
1. Main Line Owned. — Marietta, Ga., to Knoxville, Tenn 203.85 miles.
Murphy Branch: Blue Ridge, Ga., to Murphy, N. C 23.45 "
TRACKAGE: Southern Ry.: Bridge Junction to Knoxville, Tenn 0.84 "
• JL ^ ' _^__
Total length of line operated June 30, 1902 228.14 miles.
Sidings, etc., 21.53 miles. Gauge, 4 ft. 9 in. Rail (steel; 248.83 m.), 60, 80, and 85 Ibs.
2. History. — Chartered June 4, 1896, as successor to the Marietta and North
Georgia Ry. Co. (see MANUAL for 1894, page 176). This company is controlled by the
Louisville and Nashville RR. Co. through ownership of a majority of the preferred and
common stocks.
3. Rolling Stock, June 30, 1902. — Locomotives, 22. Cars — passenger, 12; combi-
nation, 1; baggage, mail, and express, 4; freight (box, 25; flat, 113; stock, 6; coal, 64;
gondola, 45), 253; service cars, 42 — total cars, 312. Also 1 pile driver.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 161,684;
freight, 340,650 ; mixed, 18,246; other, 128,070 — total, 646,650 miles. Passengers carried,
136,594; carried one mile, 3,824,632; average mile rate, 0.75 cent. Tons freight moved,
448,231; moved one mile, 40,564,905; average ton-mile rate, 1.21 cents.
Earnings — Passenger $102,82071 Expenses— Maint. of Way and Struc $107,10130
Freight 487,42286
Mail and Express 25,99571
Miscellaneous 4,92957
Total ($2,722.95 per mile.) $621,16885
Maintenance of Equipment. 67,16755
Conducting Transportation . . 188,957 05
General Expenses 28,89001
Total ( $1,575.84 per mile. ) $392,115 91
Net earnings (36.88 p. c.), $229,052.94. Payments: Interest on funded debt, $56,-
608.93; other interest, $30,983.21; taxes, $21,928.79— total, $109,520.93. Surplus, $119,-
532.01.
5. Profit and LOSS Account, year ending June 30, 1902. — Balance at debit, June
30, 1901, $423,882.25; discount on consol. 1st mtge. bonds, $47,500; old accounts, $51.16;
improvements, $196,330.83 — total, $667,764.24. Contra: Surplus income, year ending
June 30, 1902, $119,532.01; proceeds of consol. 1st. mtge. bonds, $500,000; collection old
accounts, $16.81; balance at debit, June 30, 1902, $48,215.42 — total, $667,764.24.
G. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $6,000,000 00
Consol. Mtge. Bonds (subject to call).. 780,00000
Consol. Mtge. Bonds (to retire 1st 5s) . 1,000,00000
Materials and Supplies 35,63966
Cash and Current Assets 31,67292
Profit and Loss 48,21542
Total Assets $7,895,52800
Common Stock ($100 shares) $3,000,00000
Preferred Stock ($100 shares) 1,499,00000
Funded Debt Outstanding 3,281,000 00
Certificates of Indebtedness 11667
Loans and Bills Payable 15,00000
Current Liabilities 74,434 69
Interest Accrued, not Due 10,?33 3]
Taxes 8,53528
Other Liabilities 6,60805
Total Liabilities $7,895,52800
308 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
7. Capital Stock. — The authorized share capital consists of $3,000,000 common stock and
$1,500,000 preferred stock ; all of the former and $1,499,000 of the latter have been issued. The
Louisville and Nashville RR. Co. owns $2,998,000 of the common stock and $1,499,000 of the pre-
ferred stock. The preferred stock was issued to retire a like amount of 2d mtge. bonds, dollar for
dollar. It has priority over the common stock for dividends at the rate of 5 p. c. per annum, non-
cumulative.
8. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of $1,000,000
1st gold 5s of Dec. 1, 1946 ; $2,280,000 consolidated gold 4s of March 1. 1902, and $1,000 2d mtge.
income bonds of 1946. The consol. 4s were issued for the purpose of retiring the $1,000,000 1st
mtge. 4s and for improvements to the property. The United States Trust Co., as trustee, holds $1,-
780,000 of these bonds, $1,000,000 to retire 1st mtge. bonds at maturity and $780,000 subject to cell.
9. Directors.— Milton H. Smith, J. H. Ellis, Louisville, Ky.; Alex. W. Smith,
Henry S. Johnson, George M. Brown, T. A. Hammond, Atlanta, Ga. ; J. H. Ringgold,
Knoxville, Tenn.
MILTON H. SMITH, President Louisville, Ky.
J. H. Ellis, Vice-President and Gen. Manager Knoxville, Tenn.
Sec. d Treas. — H. W. Oliver Knoxville, Tenn. | Asst. Sec. — Victor L. Smith Atlanta, Ga.
PRINCIPAL OFFICE AND ADDRESS Knoxville, Tenn.
New York Office 120 Broadway, Manhattan.
LOUISVILLE, HENDERSON AND ST. LOTJIS RAILWAY COMPANY.
1. Main Line Of Road. — Henderson to West Point, Ky.. 121.4m.
Fordsville Branch: Irvingtoh to Fordsville and Falls of Rough, Ky. 43.8 m.
TRACKAGE: Illinois Central RR.: Louisville to West Point, Ky 20.8 m. — 186.0 miles.
Sidings, etc., 18.15 miles. Gauge, 4 ft. 9 in. Rail (steel), 56, 60, 70, and 75 Ibs.
2. History. — Reorganization. May 29, 1896, of the Louisville, St. Louis and Texas
Ry. Co. (See MANUAL for 1896, page 231.) Grading is partly completed on proposed
extension of main line from West Point to connection with the Louisville and Nashville
RR., a distance of 16.7 miles.
3. Rolling Stock, June 30, 1902. — Locomotives, 19. Cars — passenger, 15; bag-
gage, mail, and express, 5; freight (box, 431; flat, 51; stock, 52; coal, 197), 731; service,
1— total, 752.
4. Operations, year ending June 30 1902. — Train mileage — passenger, 379,708;
freight, 291,079; mixed, 68,000 — total, 738,787 miles. Passengers carried, 261,873; carried
one mile, 11,374,700; average mile rate, 2.27 cents. Tons freight moved, 476,640; moved
one mile, 44,633,382 ; average ton-mile rate, 0.90 cent.
EARNINGS; 1900-01 1901-02
Passenger $246,637 40 $259,289 73
Freight. 386,316 93 401,603 33
Mail and Express 34,56008 34,20655
Miscellaneous 97000 96483
Totals $668,48441 $696,06444
Averages per Mile 3,59400 3,74228
EXPENSES. 1900-01 1901-02
Maint. of Way and Structures $85,076 23 $96, 175 78
Maintenance of Equipment 59,36623 74,85667
Conducting Transportation !ft)8,832 82 314,109 28
General Expenses 26,92736 30,62827
Totals. . . . . .$470,202 64 $515.770 00
Averages per Mile 2,52797 2,77296
Net earnings 1901-02 (25.90 p. c.), $180,294.44. Payments: Interest on funded debt,
$110,000; taxes, $16,000; improvements, $37,941.40— total, $163,941.40. Surplus, $16,-
353.04; surplus forward, $40,543.60— total, $56,896.64. Deductions during year, $22,-
436.19. Surplus, June 30, 1902, $34,460.45.
5. General Balance Sheet, June 30, 1902.
Cost of Road and Fixtures $5,776,927 34 | Common Stock ($100 shares) $2,000,000 00
Value of Rolling Stock 452,320 55
Materials and Supplies 20,31894
Bills Receivable 7,50000
Current Accounts 12,372 93
Cash on Hand 85,06879
Investment in Coal Lands 18,693 73
July Vouchers Paid 384 27
Total Assets $6,373,58655
Preferred Stock ($100 shares) 2,000,00000
Funded Debt Outstanding (see below) 2,200,000 00
Interest Accrued 57,05000
Current Liabilities 73,80640
Taxes Accrued 8,269 70
Profit and Loss. .. 34,46045
Total Liabilities $6,373,58665
6. Capital Stock and VotliiK TruHt. — The capital stock authorised is as shown on the
general balance sheet. Preferred stock is entitled to 5 p. c. non-cumulative dividends, before any
POOR S MANUAL OF RAILROADS.
309
dividend can be paid on common stock. The capital stock is deposited with John J. McCook, Bray-
ton Ives, and Oscar Penley, as voting trustees, under an agreement to endure until May 29, 1906, or
until the trust shall be terminated by an instrument in writing, signed by each of the trustees. In
lieu of the shares there have been issued negotiable trustee certificates, entitled to all dividends
declared.
7. Funded Debt. — The funded debt consists of 1st gold 5s of Jan. 1, 1946, secured by mort-
gage covering all the property of the company, including equipment. Provision is made for the issue
of $300,000 additional bonds (making $2,500,000 in all) for the extension of the main line to Louis-
ville, or for such other absolutely necessary improvements as may be approved by the board of
trustees.
8. Directors (elected Sept. 2, 1902). — Attilla Cox, Harry Weissinger, Oscar Fen-
ley, John Doerhoefer, S. A. Culbertson, J. D. Stewart, J. D. Powers, Louisville, Ky. ; John
H. Barret, Henderson, Ky. ; Charles B. Van Nostrand, New York, N. Y.
ATTILLA Cox, President Louisville, Ky.
Harry Weissinger, V 'ice-President
Ridgeley Cayce, Secretary
Treasurer — H. V. Sanders Louisville, Ky. | Auditor — G. H. Lamkin Louisville, Ky.
PBINCIPAL OFFICE AND ADDRESS Louisville, Ky.
NASHVILLE, CHATTANOOGA AND ST. LOUIS RAILWAY.
(For map of this system, see page 311.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Balance Sheet, 1896-1902 10
Directors and Omcers 14
Earnings, Expenses, etc 8
Funded Debt. Description of. 11
Gen. Bal. Sheet, June 30, 1902 9
History ,8
Income Acct., June 30, 1902. . 8
Income Acct., 1896-1902 10
Income Mortgage Bonds 12
Joint Lease 4
Leased Line, Statement of . . 13
Marine Equipment 7
Mileage Oper'd. June 30, 1902 1
Operations & Inc., 1896-1902.. 10
Op. Earn. & Ex., June 30, 1902. 9
Rolling Stock 6
Terms of Leases 3
Trackage Contracts 5
1. Mileage Operated, June 30, 1902. — A. LINES OWNED (total, 804.84 miles).
Main Line: Chattanooga, Tenn., to Hickman, Ky 320.21 miles.
Shelbyville Branch: Wartrace, Tenn., to Shelbyville, Tenn 8.01
Scquatchie Valley Branch: Bridgeport, Ala., to Pikeville, Tenn 63.13
f'ayetteville and Columbia Branch: Decherd to Columbia, Tenn 86.47
Hvntsville Branch: Elora, Tenn., via Huntsville, Ala., to Tennessee River. . . 42.58
Gadsden Branch: Guntersville to Gadsden, Ala 37.63
McMinnville Branch: Tullahoma to Bon Air Coal Co.'s Mines, Tenn 69.54
Tracy City Branch: Cowan, Tenn., to Tracy, Tenn 20.73
Lebanon Branch: Nashville, Tenn., to Lebanon, Tenn 29.21
Centreville Branch: Dickson, Tenn., to Allen's Creek, Tenn 65.94
Rome RR. : Kingston to Rome, Ga 18.15
West Nashville Branch: Nashville, Tenn., to West Nashville, Tenn 6.26
Middle Tennessee d Alabama Div.: Fayetteville, Tenn., to Lax, Ala 36.98
B. LEASED LINES (total, 391.02 miles).
Western d Atlantic RR.: Atlanta, Ga., to Chattanooga, Tenn 136.82
Paducah d Memphis Div. L. d If. RR.: (see subjoined statement) 254.20
Total length of lines operated, June 30, 1902 1,195.86 miles.
Sidings (owned, 203.80 m.; leased, 94.08 m.), 297.88 miles. Gauge, 4 ft. 9 in. Rail
(steel — owned, 941.33 m.; leased, 481.21 m. — total, 1,422.54 m.), 38 to 80 Ibs.
2. History. — Consolidation, in 1873, of the Nashville and Chattanooga RR. Co. and
the Nashville and Northwestern RR. Co. The branches were built under separate charters,
some of them by independent corporations, and were absorbed from time to time as shown
in the MANUALS for 1888 and subsequent years. In 1880 the Louisville and Nashville RR.
Co. acquired 55 p. c. of the capital stock of this company.
3. Terms of Leases. — The Western and Atlantic RR. is leased for 29 years from
Dec. 27, 1890, at a rental of $35,001 per month. The Paducah and Memphis Division of
the Louisville and Nashville RR. is leased for 99 years from Sept. 9, 1896, but the lease
was not ratified until Sept. 12, 1900, in consequence of which the operations of the road
previous to July 1, 1900, were not included in the accounts of this company. The annual
310
POOR'S MANUAL GULF AND MISSISSIPPI VALLEY GROUP.
rental payable under the lease is 5 p. c. on the cost of the road, and 5 p. c. additional on
the cost of all improvements and betterments to the property. (See subjoined statement
for Paducah and Memphis Division.)
4. Joint Lease. — The property of the Louisville and Nashville Terminal Co. is
leased by this company and the Louisville and Nashville RR. Co., jointly, at a rental of
4 p. c. per annum on its cost, the proportion to be paid by each company to be determined
by the property used, respectively, and the number of cars handled for each through the
property leased. The operating expenses are to be divided upon the same basis. This
company and the Louisville and Nashville RR. Co. jointly guarantee $2,500,000 4 p. c.
bonds of the L. & N. Terminal Co.
5. Trackage Contracts. — The Southern Ry. Co. uses this company's tracks from
Stevenson, Ala., to Chattanooga, Tenn., a distance of 38 miles, at a rental of $60,000 per
annum, the contract to terminate on two years' notice by either party. Under an agree-
ment to endure until Jan. 18, 1914, the Alabama Great Southern RR. Co. uses this com-
pany's tracks from Wauhatchie to Chattanooga, a distance of 5 miles, at a rental of
$14,400 per annum.
6. Rolling Stock, June 30, 1902. — Locomotives, 198. Cars — passenger, 137; bag-
gage, 41; postal, 11; freight (box, 3,933; stock, 117; coal, 1,177; flat, 775; ore, 50; coke.
196; caboose, 232; gravel, 99; dump, 10), 6,589; other, 28 — total, 6,806.
7. Marine Equipment. — The company owns 2 steamers and 2 transfer barges,
which are used on the Tennessee River between Hobbs Island and Guntersville, Ala., a
distance of 20 miles, also a wharf boat at Paducah, Ky.
8. General Income Account, year ending June 30, 1902.
Earnings— Passenger $1,606,476 06
Freight 5,872,896 14
Mail and Express 316,353 92
Miscellaneous 196,80478
Expenses — Maintenance of Way $1,385,717 39
Maintenance of Equipment. 1,033,27923
Conducting Transportation . 3,005,156 82
General 197,96084
Total ($6,688.31 per mile) $7,992,53090 Total ($4,704.70 per mile) $5,622,11428
Net earnings (29.66 p. c.), $2,370,416.62; add income from investments, $18,130 —
total, $2,388,546.62. Payments: Interest on bonds, $952.090; other interest, $40,189.18;
rentals, $625,878.14; taxes, $204,678.21; twenty-six W. & A. income bonds retired, $26,000;
reserve for doubtful accounts, $15,000 — total, $1,863,835.53. Surplus, $524,711.09; surplus
forward, $2,268,433.58; premium on bonds sold, $2.680; recovery of account previously
written off, $2,500— total surplus, June 30, 1902, $2,798,324.67.
8a. Supplementary Income Account for the year ending June 30, 1903, and
comparison with the year ending June 30, 1902.
Gross
Earnings
1903 9,606,37011
1902 7,992,53090
Operating Net Total Balance
Expenses Earnings Interest Taxes Rentals Charges Surplus
$ $ S $ $ $ $
6,995,00365 2,610,76646 972,82753 210,64587 625,87800 1,809.35140 801,41506
5,022,11428 2,370,41662 992,27918 204,67821 625,87814 1,822,83553 547,58109
Increase 1,613,83921 1,373,48937 240,34984 D.19,451 65 5,96766 D. 014 D. 13,484 13 253,83397
Operating expenses for 1903 includes $1,127,068.07 expended on additions to property.
9. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $27,692,319 00
Securities Owned at Cost 986,39782
Real Estate 169,91478
Materials and Supplies 386,85401
Due from Station Agents 260,567 76
Notes Receivable
Traffic Balances
\ccounts Receivable
Cash on Hand
Unadjusted Claims
Impr. Paducah and Memphis Div
10,910 67
83,977 07
281,035 16
603,942 06
55,683 41
177,047 35
Total Assets $30,708,64909
Capital Stock ( $100 shares)
Funded Debt Outstanding ( see Sec. 11)
Notes Payable
Interest Accrued, Including July 1...
Dividends Unclaimed
Aud. Vouchers, Pay Rolls and Accts.
Traffic Balances
Reserve for Doubtful Accounts
Profit and Loss
$10.000,000 00
16,021,000 00
806,452 75
376,160 12
18,239 43
640,398 70
33,411 33
14,662 09
2,798,324 67
Total Liabilities $30.708,64909
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312
POOR S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
1O. Statement of operations, property and general balances for seven years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
Miles Operated (Aver.)
902.00
904.10
904.68
935.12
935.12
1,195.86
1,19586
1 325 077
1,323,074
1,429,867
1,340,176
1,239,643
1,704,020
1 921 456
Freight'Train Miles
2,390,099
2,460,307
2,641,881
2,836,496
2,887,590
3.394,245
3,205 661
Mixed Train Miles
371 978
331,021
354,089
369,175
376,754
402,852
423998
Total Revenue Train Miles
4087 154
4,114.402
4,425,837
4,551,847
4,503,987
5,501,117
5551 115
1092383
1 089 921
1,525,396
1,249,550
1,104,801
1,466,279
1 551 266
Passenger Mileage
56842666
45,108,931
74,991,539
61,707,719
50,300,753
58,813,793
63095968
Freight (tons) Moved
3 120 897
2,879,648
3,226,550
3,532,423
3,636,649
4,081,735
4292465
Freight (ton) Miles
381 944 743
385,637,662
428,976,810
492,468,933
549,898,167
634,440,340
659 284 520
$
1229653
S
1,077,423
S
1,352,867
$
1,425,289
1
1,271,371
1
1,537,302
S
1 606476
3,481,387
3,666,740
3,919,585
4,275,099
4,813,006
5,599 549
5 872 896
Other Earnings
363,585
371,955
374,097
381,378
402,940
483.277
513159
Gross Traffic Earnings
5,074,625
5,116,118
5,646,549
6,081,766
6,487,317
7,620,128
7 992 531
Operating Expenses
3,164,350
3,204,671
3,663,825
4,099,706
4,240,584
5,111,126
5 622 114
Net Traffic Earnings
1,910,275
1,911,447
1,982,724
1,982,060
2,246,733
2,509,002
2.370 417
Other Receipts
30,482
26,178
22,254
18130
Total
1,910,275
1,911,447
1,982,724
2,012,542
2,272,911
2,531,256
2,388547
Payments — Rentals
420,012
420,012
420,012
422,268
422,268
625,878
625 878
Interest
959,295
962,780
970,030
1,024,799
1,034,120
1,022,350
992280
Taxes
119,175
125,640
132,157
178,592
227,885
209,134
204678
Other Charges
32,347
62,730
54,514
41000
(4)400000
(4)400000
(4)400000
(1) 100000
Balance, Surplus . .
11793
3015
60525
254536
525908
619380
524 711
Gross Earnings per Mile
5 625 97
5,658 77
6,239 28
6,514 42
6,93830
6,372 09
668831
Gross Expenses per Mile
350815
3,54460
404842
4,38415
4,53538
4,274 01
470470
Net Earnings per Mile
2,11782
2,114 17
2,19086
2,13027
2,402 92
2,09808
1 98361
Expenses to Earnings
62.35 p.c.
62.63 p.c.
64.88 p.c.
67.41 p.c.
67.19 p.c.
67.11 p.c.
70.34 p c
Aver. Rate per Pass, per MUe
Aver. Rate per Ton per Mile
2.12 c.
0.91 c.
2.34 c.
0.96 c.
1.77 c.
0.91 c.
2.27 c.
0.87 c.
2.48 c.
0.88 c.
2.56 c.
0.88 c.
2.49 c.
089c
Miles Owned
768.80
76728
798.30
798.30
798.30
80484
80484
Miles of Track
92083
92613
964.24
96751
978.95
1.00037
100864
Miles Steel Rail
72458
72490
772.09
77744
791.68
79367
80017
Locomotives
165
169
166
166
166
193
198
Passenger Train Cars
150
155
158
161
161
178
189
Freight and Other Cars
4,511
4,522
4,559
5,259
5,563
6,617
6617
Capital Stock.
$
10000000
$
10000000
$
10000000
1
10000000
$
10000000
10000000
S
10000000
Funded Debt
14917000
15,397 000
15 996 000
15996000
15996000
16 021 000
16021000
Bills Payable and Loans
1 260480
1,233 240
1 501 512
1 567 839
1 366 925
1062046
806453
Accounts, Pay Rolls, Int., etc
486356
583164
566 193
705 514
857665
Coupons, due Jury 1
326430
325830
325230
324630
324030
> 1,129,698
> 1,082,871
Profit and Loss.
1505451
1 039 075
966674
1 171 688
1 669 325
2 268 434
2 798 325
Total Liabilities
28,495,717
28 578 309
29355609
29 765 671
30 213 945
30,481 178
30,708,649
Cost of Property
25 257 874
25 772 683
26 284 183
26 826 624
27 187 165
27 64S 957
27 692 319
Real Estate
'127543
133 019
158205
'151*821
161 715
157065
169 915
Stocks and Bonds
1 662*047
1 168425
1 269405
1 257*405
1 231 405
1 012 398
986398
Supplies and Materials
299394
283 375
386632
237904
429695
378 178
386854
Assets and Accounts. . . .
501 851
551 060
507282
671*199
751 375
787734
869 221
Cash
64/008
669747
749*902
620718
452 590
496846
603942
Total Assets.
28 495 717
28578309
29 355609
29 765 671
30 213 945
30 481 178
30708649
11. Funded Debt — The funded debt outstanding on June 30, 1902 — total, $16,021,000, as per
general balance sheet — consists of the several issues of bonds listed In the following statement. Ad-
ditional particulars respecting any Issue will be found in the paragraph relating thereto subjoined to
the statement :
1st 7s of July 1. 1913 $6,300.000
1st Jasper Br. Ext. 8s of Jan. 1, 1906 90,000
Ift Jasper Br. Ext. 6s of Jan. 1, 1923.... 371,000
1st Lebanon Br. 6s of Jan. 1, 1917 300,000
2d D. R. V. RR. 6s of Nov. 1, 1909 $22,000
1st Centreville Br. 6s of Jan. 1. 1923.. 37«,000
1st Tracy City Br. 6s of 1901-17 380,000
1st Consol. Gold 5s of April 1, 1928 7,432,000
1st D. R. V. RR. 6s of Jan. 1, 1917 750.000
First Mtge. Bonds of 1913. — Secured on the main line, 320.21 miles ; on the Shelbyville Branch,
8.01 miles, and on 12 miles of the Jasper Branch, from Bridgeport to Jasper.
First Mtge. Bonds, Jasper Branch Extension. — The bonds of 1906 are secured on 7.5 miles of the
Sequatchie Valley Branch, from Jasper to Victoria, Tenn. The bonds of 1923 are secured on the ex-
tensions of the Sequatchie Valley Branch from Victoria to Inman, 5.5 miles, and from Victoria to
Dunlap, 18 miles.
First Mtge. Bonds, Lebanon Branch. — Secured on -the line from Nashville to Lebanon, tenn.,
29.21 miles.
POOR S MANUAL OF RAILROADS.
313
First Mtge. Bonds of 1917. — Secured on the McMinnville Branch, 69.54 miles, on the branch
from Decherd to Fayetteville, 39.74 miles, and on the branch from Elora to Huntsville, 25.58 miles ;
a total of 133.86 miles. The amount authorized is $6,000 per mile.
Duck River Valley Bonds. — The 2d (now 1st) mtge. 6s of 1909 are secured on the Duck River
Valley RR., from Fayetteville to Columbia, 47.92 miles.
First Mtge. Gold Bonds, Centreville Branch. — Secured on 46.46 miles of the Centreville Branch,
from Dickson to Lewis County Line, Tenn.
Tracy City Branch Bonds. — The 1st mtge. Tracy City Branch 6s are payable $20,000 each 1st
of Jan. to 1916, inclusive, and $100,000 on Jan. 1, 1917. They are secured on the Tracy City
Branch, 20.73 miles.
First Consol. Mtge. Gold Bonds. — Secured upon the entire property and franchise of the com-
pany, whether now owned or hereafter acquired, subject only to the lien of the mortgages securing
the several issues of divisional bonds described in the preceding paragraphs. For the retirement of
such divisional bonds, at or before their maturity, an equal amount of the 1st consols is reserved by
the trustee. It is provided in the mortgage that all underlying bonds must be paid at maturity, or
whenever before maturity the entire amount of any series is acquired by the trustee ; but if only
part of a series is acquired such part may be held alive by the trustee as additional security for the
1st consols as long as the rest of the series remains outstanding. The amount authorized by the
mortgage is $20,000,000, to be issued at a rate not exceeding $20,000 per mile of completed railroad.
All future issues of bonds secured by this mortgage, except for the purpose of retiring prior Hen
bonds, must be authorized by vote of the stockholders given at a meeting called for the purpose ; and
all new railroad or newly acquired railroad must be free from all prior liens before the lien of this
mortgage can attach thereto. The bonds are now secured by first mortgage on the following lines :
Dunlap to Pikeville, Tenn., 20.13 miles ; Sparta to Bon Air, Tenn., 6.75 miles ; West Nashville
Branch, 6.26 miles ; Lewis County Line to Allen's Creek, Tenn., 19.48 miles ; Fayetteville, Tenn., to
Lax, Ala., 36.98 miles ; Huntsville, Ala., to Tennessee River, 17 miles ; Guntersville to Oadsden, Ala.,
37.63 miles; Kingston to Rome, Ga., 18.15 miles — total, 162.38 miles.
12. Income Mortgage Bonds, Secured on Least- of Western and Atlantic
RR., etc. — Under date of Jan. 1, 1895, $650,000 of 5 p. c. gold income mortgage bonds were issued
to reimburse the company for renewals and improvements made on the Western and Atlantic RR.
There are $494,000" of these bonds in the treasury of the company ; the remaining bonds have been
cancelled. The bonds are secured by mortgage or deed of trust on the net earnings and incomes of
the Western and Atlantic RR., on the leasehold interest of the N., C. & St. L. Ry. in that road, on
$500,000 in bonds of the State of Georgia deposited under the lease and on all property acquired or
to be acquired by the N., C. & St. L. Ry. in connection with the lease. The bonds are for $1,000
each, in coupon form ; principal and interest payable in gold, in New York, N. Y. Trustee : Central
Trust Co. of New York, N. Y.
13. RAILROADS LEASED BY THE N., C. & ST. L. RY.
PADUCAH AND MEMPHIS DIV. I,. & N.
RR Memphis, Tenn., to Paducah, Ky., 229.B9
m. ; branch, Perryville to Lexington, Tenn.,
24.15 m. — total, 253.74 m. ; total track ( steel ; 56
and 60 IDS.), 279.05 miles.
ROLLING STOCK. — Locomotives, 17. Cars —
passenger, baggage and mail, 16 ; freight and
other, 550 — total, 566.
HISTORY. — Formerly known as Paducah, Ten-
nessee and Alabama RR. and Tennessee Midland
Ry. (See MANUAL for 1897, page 507.) Purchased
in 1895 by Louisville and Nashville RR. Co., and
operation assigned to the N., C. & St. L. Ry. Co.
as of Jan. 1, 1896. Leased to the N., C. & St. L.
Ry., at a rental equivalent to 5 p. c. on the cost
of the road and 5 p. c. additional on the cost of
all improvements and betterments to the prop-
erty.
WESTERN AND ATLANTIC RR At-
lanta, Ga., to Chattanooga, Tenn., 136.82 m. ; total
track, 198.22 miles. Rail (steel ; 136.82 m.), 68 Ibs
HISTORY. — Built by the State of Georgia in
1841-50. Leased to the N., C. & St. L. Ry. for
29 years from Dec. 27, 1890, at a rental of $420,012
per annum. Estimated value of road and prop-
erty at date of lease, $6,164,576.
ROLLING STOCK. — Locomotives, 15. Cars —
passenger, 25 : postal, 5 ; baggage, 7 ; freight (box,
16; coal, 100), 116 — total. 153.
OPERATING OFFICERS. — J. L. McCollum,
Supt. ; C. E. Harmon, Gen. Pass. Agt. ; J. A.
Sams, Div. Fgt. Agt. Office, Atlanta, Ga.
14. Board of Directors, N., C. & 8t. L. Ry., elected September 10, 1902.
J. W. Thomas. Nashville, Tenn.
W. R. Cole
A. H. Robinson "
E. C. Lewis. ..
E. W. Thompson "
J. H. Fall Nashville, Tenn.
J. Hill Eakin.
J. C. Atwater.New York, N. Y.
T. W. Evans. .
J.E.WashingtonCedarHill.Tenn.
N.C.Collier.Murfreesboro'.Tenn.
J. G. Aydelott-Tullahoma, Tenn.
J. B.Richardson.Nashville.Tenn.
M. H. Smith Louisville, Ky.
E. B. Wesley.. New York, N. Y.
J. W. THOMAS, President Nashville, Tenn.
Bee. A, Treas. — J. H. Ambrose Nashville, Tenn. I Gen. Mar. — J. W. Thomas, Jr Nashville, Tenn.
Comptroller. — E. F. P'Pool Nashville, Tenn.
PRINCIPAL OFFICE AND ADDRESS Nashville, Tenn.
WESTERN RAILWAY OF ALABAMA.
1. Line of Road. — Selma, Ala., to West Point, Ga 132.01 miles.
idings, 32.50 miles. Gauge, 4 ft. 9 in. Rail (steel), 56, 60, 60^, Q\y2, 70, and 80 Ibs.
2. History. — Successor, March 15, 1883, to the Western RR. of Alabama ( see MANUAL
or 1886, page 453).
3. Rolling Stock, June 30, 1902. — Locomotives, 13. Cars— passenger, 15; bag-
*ge, mail, and postal, 7 ; caf6 1 ; private, 1 ; freight (box, 154 ; flat, 43 ; stock, 15 ; coal, 57 ;
314
POOR S MANUAL GULF AND MISSISSIPPI VALLEY GROUP.
refrigerator, 4; furniture, 98; caboose, 4), 375; service, 17 — total, 416. Of these, 91 box
cars and 75 furniture cars are leased. The company owns one-half share in 1 dining car.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 225,190;
freight, 157,938; mixed, 33,580; other, 18,238— total, 434,946 miles. Passengers carried.
269,363; carried one mile, 11,029,502; average mile rate, 2.50 cents. Tons freight moved,
585,689; moved one mile, 36,631,437; average ton-mile rate, 1.24 cents.
EARNINGS. 1900-01
Passenger $263,233 18
Freight 465,001 44
Mail and Express 73,172 27
Miscellaneous 23,503 14
1901-02
$275,811 29
457,301 23
73,85400
25,583 49
Totals $824,910 03
Averages per Mile 6,24885
$832,550 01
6,30672
EXPENSES.
Maint. of Way and Structures. . .
Maintenance of Equipment
Conducting Transportation
General Expenses
1900-01
$153,813 72
102,863 39
242,592 30
35,437 78
1901-02
$132,415 71
94,831 46
238,76690
37,93302
Totals $534,707 19 $503,947 09
Averages per Mile 4,050 51 3,817 49
Net earnings, 1901-02 (39.47 p. c.), $328,602.92; other receipts, $4,331.20— total,
$332,934.12. Payments: Interest on funded debt, $69,435; taxes, $31,030.75; reserve for
improvements, $35,343.74; betterments to property, $52,743.44 — total, $188,552.93. Sur-
plus, $144,381.19; surplus forward, $106,644.50— total, $251,025.69. Deduct dividends
(4 p. c.), $120,000; taxes of former period, $10,964.63 — total, $130,964.63. Balance, sur-
plus, June 30, 1902, $120,061.06.
5. Capital stock, bonded debt, revenues, etc., for eight fiscal years ending June 30:
Years.
1895
Capital
Stock.
$
3,000000
Bonded
Debt. 1
$
1,543 000
Cost of
load, etc.
$
4,543,000
1896
3000000
1,543 000
4,543,000
1897
3000000
1 543*000
4'543'000
1898
1899
. 3,000,000
3000000
1,543,000
1,543 000
4,543',000
4,543,000
1900
3000000
1 543 000
4,543,000
1901
3,000,000
1,543,000
4543000
1902
.. 3,000,000
1,543,000
4,543,000
RR. Op- Gross Expense
crated. Earn's. & Taxes.
Miles $ $
133.10 523,283 369,123
132.01 579,804 391,740
132.01 636,533 403,993
132.01 603,630 414,391
132.01 668,335 430,832
132.01 739,746 507,522
132.01 824,910 564,858
132.01 832,550 534,978
Net Net Interest Divid's Total Balance
Farn's. Income. Paid. Paid. Paym'ts. (-for — )
$ $
154,160 162,830
188,064 192,910
232,540 235,746
189,239 194,467
237,503 246,029
232,224 244,757
260,052 265,211
297,572 301,903
$
69,435
69,435
69,435
69,435
69,435
$ $ $
60,000 129,636 4-33,194
60,000 173,729 -f 19, 181
90,000 199,001 +36,746
102,169 +92,298
60,000 335,037 —89,008
69,435 210,000 280,577 —35,280
69,435 120,000 324,225 —59,014
69,435 120.000 277,522 +24.381
Franchise and Property $4,543,00000
Securities Owned 4,500 00
Real Estate 39,281 41
Materials and Supplies 67,47927
Current Accounts 122,741 31
Cash on Hand and on Deposit 308,799 10
6. General Balance Sheet, June 30, 1902.
Capital Stock ($100 shares) $3,000,00000
Funded Debt Outstanding (see below) . 1,543,00000
Current Liabilities 211,416 66
Interest Accrued, not Due 17,358 75
Taxes Accrued, not Due 10,964 63
Reserve for Improvements 183,000 00
Profit and Loss 120,061 06
Total Assets $5,085,801 09
Total Liabilities $5,085,801 09
1. Funded Debt Funded debt consisted June 30, 1902, of 1st gold 4Js of Oct. 1, 1918.
The bonds are guaranteed by the Georgia RR. and Banking Co., and the Central of Ga. Ry. Co., by
whom the capital stock is jointly owned. Trustee : Metropolitan Trust Co., New York.
8. Directors (as constituted Oct. 10, 1901) .—Charles A. Wickersham, Atlanta,
Ga.; H. Walters, Wilmington, N. C. ; J. M. Falkner, Montgomery, Ala.; L. Lanier, West
Point, Ga.; R. M. Green, Opelika, Ala.; J. F. Hanson, Macon, Ga. ; Jno. M. Egan, Sa-
vannah, Ga.
CHARLES A. WICKERSHAM, President <md Gen. M anager. . .Atlanta, Ga.
Sec. A Treas. — F. H. Hill Atlanta, Ga. | Auditor. — F. A. Healy Atlanta, Ga.
PRINCIPAL OFFICE AND ADDRESS Atlanta, Ga.
YAZOO AND MISSISSIPPI VALLEY RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 8
Funded Debt, Details of 6
Gen. Bal. Sheet, June 30,1902. 5
History 1
Income Acct., June 30, 1902. . 4
Land Department 7
Mileage Oper'd, June 30, 1902. 2
Operations and Income 4
Rolling Stock 3
1. History. — Consolidation, in Oct., 1892, of the Yazoo and Mississippi Valley RR.
Co., and the Louisville, New Orleans and Texas RR. Co. (see MANUAL for 1902, page
294). An extension of the Kimball Lake Division, from Boyle to Dockery, Miss., 8.1
TOOK S MANUAL YAZOO AND MISSISSIPPI VALLEY RB. CO.
3J5
miles, was put in operation on Nov. 1, 1901, and a section of the Huntington Branch,
from Huntington to Moore, Miss., 3.2 miles, was abandoned and dismantled on April 1,
1902. A line from Tutwiler to Lake Cormorant, Miss., about 68 miles, has been put in
operation since the close of the fiscal year.
2. Mileage Owned and Operated, June 30, 19Q2.
Main Line: Memphis, Tenn., to New Orleans, La 456.15 miles.
Helena Branch: Trotter's Point to Eagle's Nest, Miss 20.24
Bayou Sara Branch: Slaughter, La., to Woodville, Miss 41.60
Clinton Branch : Ethel to Clinton, La 8.62
Tallahatchie Division : Clarksdale to Minter City, Miss 39.60
Greenwood Branch : Black Bayou Junction to Greenwood, Miss 22.04
Lake Dawson Division : Tutwiler to Lake Dawson, Miss 56.33
Belzona, Extension : Isola to Belzona, Miss 9.15
Riverside Division: Coahoma to Lament, Miss 75.61
Southern Section: Wilczinski to Riversi'de Junction, Miss 42.31
Uuntington Branch: Leland to Moore, Miss 19.62
Bogue Phalia Branch : Leland to Bogue Phalia, Miss 16.67
Glen Allen Branch: Hampton to Glen Allen, Miss 2.00
Kimball Lake Division: Rosedale to Dockery, Miss 31.84
Natchez and Jackson Division: Jackson to Natchez, Miss 98.32
Yazoo Branch : Jackson to Grenada, Miss 130.85
Lexington Branch : Durant to Tchula, Miss 24.67
Total length of lines operated, June 30, 1902 1,095.62 miles.
Sidings, etc., 279.85 miles. Gauge, 4 ft. 8^ in. Rail (steel), 40 to 75 Ibs.; average,
59.02 Ibs.
3. Rolling Stock, June 30, 1902. — Locomotives, 106. Cars — passenger and chair,
48; baggage and smoking, 9; baggage, mail, and express, 19; freight (box, 2,113; stock,
48; fruit, 165; flat, 547; logging, special, 13; coal, 331), 3,217; service, 119 — total, 3,412.
4. Operations, year ending June 30, 1902 (average, 1,095.32 m.). — Train mileage-
passenger, 1,431,761; freight, 1,963,400; mixed, 252,905; other, 942,683 — total, 4,509,749
miles. Passengers carried, 1,918,141; carried one mile, 57,353,516; average mile rate,
2.48 cents. Tons freight moved, 2,732,742; moved one mile, 476,644,147; average ton-
mile rate, 0.972 cent.
EABNIXGS. 1900-01 1901-02
Passenger $1,357,368 83 $1,422,005 02
Freight 4,064,697 69 4,634,798 39
Mail and Express 201,06577 211,35620
Miscellaneous 504,80946 319,19619
Totals 86,127,941 75 $6,587,355 80
Averages per Mile 5,800 18 6,014 09
EXPENSES. 1900-01 1901-02
Maint, Way & Structures $983,555 11 $1,139,179 41
Maintenance of Equipment 501,740 57 642,921 05
Conducting Transportation 2,114,204 03 2,473,586 85
General 158,396 11 166,987 08
Totals $3,757,895 82 $4,422,674 39
Averages per Mile 3,55690 4,03779
Net earnings, 1901-02 (35.33 p. c.), $2,164,681.41; other income, $47,752.01— total,
$2,212,433.42. Payments: Taxes, $282,262.28; interest on bonds (Y. & M. V. Ists, $140,-
000; Y. & M. V. improvement 4s, $251,137.30; L., N. 0. & T. Ists, $673,280), $1,064,417.30
— total, $1,346,679.58. Surplus, $865,753.84; applicable to overdue interest on second
mortgage income bonds.
5. General Balance Sheet, June 30, 1902.
Cost of Road and Equiprrient $54,100,072 66
Materials and Supplies 334,08289
Gold Imp. Bonds of 1934 — Owned 944,00000
Bills Receivable 4,275 93
Due from Agents 140,497 71
Due from Companies and Individuals. 11,391 97
Assets in Insurance Fund 200,84538
Assets in Pension Fund 50,00000
Capital Stock ($15,000,000 auth.) $6,168,40000
Funded Debt 46,806,765 66
Audited Vouchers and Accounts 99,42116
Equipment Renewal Fund 199,284 73
Equipment Improvement Fund 22,49264
Wages and Salaries 191,335 64
Net Traffic Balances 27,380 28
Accrued Interest — Coupons of Sept. 1,
and Dec. 1, 1902 236,093 34
Other Accounts Payable 58,990 36
Pension Fund 60,000 00
Insurance Fund 200,845 38
•Surplus Income 865.75384
Profit and Loss 858,40361
Total Assets $55,785,16654 Total Liabilities $55,785,16664
•This surplus was paid on Sept. 1, 1902, to the owners of the 2d mtge. bonds of the L., N. O. &
T. Ry. Co., on account of the interest due thereon.
316 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
6. Funded Debt — The funded debt on June 30, 1902 — total. $46,806,765.56, as per general
balance sheet — consisted of the following issues : $16,832,000 L., N. O. & T. Ry. Co. 1st gold 4s of
Sept. 1, 1934 ; $9,104,000 L., N. O. & T. Ry. Co. 2d cumulative income 5s of Sept. 1, 1934, $10.-
000,000 L., N. O. & T. Ry. Co. land grant non-cumulative income 6s of Sept. 1, 1934 ; $2,800,000
Y. & M. V. RR. Co. 1st gold 5s of June 1, 1952 ; and $8.070,765.56 Y. & M. V. RR. Co. Improvement
gold 4s of Jan. 1, 1934. Only the gold improvement bonds of the Yazoo and Mississippi Valley RR.
Co. and $96,000 of the land grant bonds of the Louisville, New Orleans and Texas Ry. Co. are out-
standing in the hands of the public, the Vest of the funded debt being owned by the Illinois Central
RR. Co. and pledged as security for two of its loans. No interest has ever been paid on the land
grant income bonds of the Louisville, New Orleans and Texas Ry. Co. Interest due and unpaid on
the 2d mtge. cumulative income bonds of the same company amounted to $4,879,507.95 on June 30,
1902. (See foot note to General Balance Sheet.)
7. Land Department (latest report). — During the year ending June 30, 1901, there were
sold 31,181.76 acres for $205,725.58. Net receipts of land office, $219,909.92. Lands unsold June
30, 1901, 201,301.68 acres. Cash deposited with Illinois Central RR. Co. at credit of trustees of
land grant mortgage, $663,200.01 ; land notes on hand, $710,738.14 — total, $1,373,938.15.
8. Directors. — J. M. Edwards, Stuyvesant Fish, Charles A. Peabody, New York,
N. Y.; J. C. Welling, Chicago, 111.; W. C. Craig, Yazoo City, Miss.; Albert Baldwin, New
Orleans, La.; W. B. Mallory, Memphis, Tenn. ; C. M. Beach, Hartford, Conn.'; R. L. Saun-
ders, Jackson, Miss.; Leroy Percy, Greenville, Miss.; John Overton, Memphis, Tenn.:
John S. Aisthorpe, Cairo, 111.
STUYVESANT FISH, President New York, N. Y.
John C. Welling, V 'ice-President Chicago, 111.
J. T. Harahan, 2d V 'ice-President " "
M. Gilleas, 3d Vice-President .Memphis, Tenn.
Treasurer — E. T. H. Gibson New York, N. Y. 1 Secretary — C. H. Wenman New York, N. Y.
Asst. Secretary — W. G. Bruen Chicago, 111.
GENERAL OFFICE Central Station, Chicago, 111.
ASHLAND COAL AND IRON BY. — Ashland to Denton, Ky., 22.06 m. ; total track (steel ;
75 Ibs., 22.06 m.), 41.22 miles. Gauge, 4 ft. 81 in. The Elizabethtown, Lexington and Big Sandy
RR. has a traffic arrangement over 21.3 m. of the road. Road opened as above in 1881. Known as
Lexington and Big Sandy until 1865, and as Lexington and Big Sandy RR. Eastern Division until
May 1, 1880, when the company adopted the present name. Locomotives, 7. Cars — passenger, 2 ;
baggage, 2; freight (box, 4; flat, 12; coal, 323), 339; other, 9 — total cars, 352.
Operations, year ending June 30, 1902. — Earnings (passenger, $9,267; freight, $95,243;
other, $55,620), $160,130. Operating expenses, $84,657. Net earnings, $75,473; other receipts,
$57,232 — total, $132,705. Payments : Interest on bonds, $12,000 ; other interest, $940 ; taxes,
$18,396; dividends (9 p. c.), $139,230; other charges, $23,269 — total, $193,835. Deficit, $61,130;
surplus forward ($372,227; less deductions during year, $105,036), $267,191; net surplus,
$206,061.
General Balance Sheet, June 30, 1902. — Capital stock ($2,000,000 auth. ; $50 shares),
$773,500; funded debt (1st 4s of May 1, 1925; $300,000 auth.), $300,000; current liabilities,
$97,717 ; Interest accrued, $2,000 ; taxes accrued, $4,500 ; reserve fund, $33,909 ; profit and loss,
$206,061 — total, $1,417,687. Contra : Cost of road and equipment, $1,374,167 ; materials, etc.,
$8,583 ; cash and current assets, $34,937 — total, $1,417,687.
Directors (elected Oct. 15, 1902). — Jas. M. Bailey, Pittsburgh, Pa. ; K. L. Butler, John Wins-
low, Cincinnati, O. ; Geo. N. Biggs, Huntington, W. Va. ; John Means, Robt. Peebles, Douglas Put-
nam, Ashland, Ky. OFFICERS: DOUGLAS PUTNAM, Pres.; John Means, 1st Vice-Pres., Ashland,
Ky. ; K. L. Butler, 2d Vice-Pres., Cincinnati, O. ; Geo. E. Duncan, Treas.; D. G. Putnam, Gen.
Supt., Ashland, Ky. GENERAL OFFICE, Ashland, Ky.
BEAVER DAM RR.— State Line to Crandull, Tenn., 8.52 miles. Gauge, 4 ft. 8J In. Rail
(steel), 56 Ibs. Chartered Aug. 6, 1900. The company owns 6 freight cars. Capital stock ($100
shares), $10,000 ; funded debt (1st 5s of Nov. 1, 1950), $50,000 — total, $60,000. Cost of road and
equipment, $68,114.40.
Operations, year ending June 30, 1902. — Earnings (passenger, $1,497; freight, $20,099;
other, $709), $22,305. Operating expenses, $21,183. Net earnings, $1,122. Total deductions,
$2,451. Deficit for year, $1,329.
Directors (elected Jan. 21, 1903). — A. J. Dull, Harrisburg, Pa.; J. E. Qillingham, George
Warner, George F. Craig, Philadelphia, Pa. ; David Baird, Camden, N. J. ; E. E. Butler, Mountain
City, Tenn. ; W. L. Sheafer, Pottsville, Pa. OFFICERS : GEORGE F. CRAIG, Pres., Philadelphia, Pa. ;
A. J. Dull, Vice-Pres., Harrisburg, Pa. ; George Warner, Sec. & Treas., Philadelphia, Pa. GENERAL
OFFICE, Crandull, Tenn.
BIRMINGHAM AND ATLANTIC RR.— Talladega to Pell City, Ala., 22.9 m. ; Ragan to
Ore Beds, 9.56 m. ; Talladega to Weisinger, 3 m. ; trackage, E. & W. RR., Pell City to Coal City,
Ala., 7 m. — total operated, 42.46 miles. Sidings, etc., 2.53 miles. Gauge, 4 ft. 8i in. Rail (steel),
56 Ibs. Reorganization, Oct., 1890, of the Talladega and Coosa Valley RR. Co. (see MANUAL for
1890, page 476). The Weisinger Branch was opened June 1, 1899. Locomotives, 5. Cars — passen-
ger, 1; baggage, etc., 1; .freight (flat, 8; coal, 59; miscellaneous; 7; ore, 26), 100 — total, 102.
Operations, year ending June 30, 1902. — Trains run ( passenger, 14,370 ; freight, 50,284 ;
mixed, 22,360), 87,014 miles. Passengers carried, 9,478; carried one mile, 137,194. Tons freight
moved, 97,054; ton-miles, 1,710,392. Earnings (passenger, $4,839; freight, $34,517; other,
$3,936), $43,292. Operating expenses, $68,024; taxes, $2,373; other charges, $82 — total, $70,479.
Deficit, $27,187 ; deficit forward, $28,094 — total, $55,281.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,000,000 ; funded
debt (1st 6s of Nov. 1, 1931), $500,000; current liabilities, $75,996 — total, $1,575,996. Contra:
POOR'S MANUAL OF RAILROADS. 317
Cost of road and equipment, $1.500,000 ; materials, etc., $4,891 ; cash and current assets, $1,373 ;
other assets, $14,451 ; profit and loss, $55,281 — total, $1,575,996.
Directors. — Walter T. Rosen, Ernst Thalmann, J. Kelly Dixon, Sidney H. March, Rush Tag-
gart, Frederick R. Van Varst, New York, N. Y. ; John C. Soley, Talladega, Ala. OFFICERS : SIDNEY
H. MARCH, Pres.; Walter T. Rosen, 1st Vice-Pres. ; Ernst Thalmann, Zd Vice-Pres.; John Carl-
sen, Sec. & Treas., New York, N. Y. ; John C. Soley, Gen. Mgr.; J. F. Fleetwood, Aud., Talladega,
Ala. GENERAL OFFICE, 25 Broad St., New York, N. Y.
BIRMINGHAM SOUTHERN RR. — Birmingham to Mines, Ensley, Ala., 9.23 m. ; Pratt
City to Stockton, Ala., 4.12 m. ; Woodstock to Blocton, Ala., 8.10 m. ; Pratt City to No. 1 Mine, 0.85
m. ; Ensley Belt, 1.68 m. ; Blocton to No. 2 Mine, 1.10 m. ; Blocton to No. 3 Mine, 1.29 m. — total.
26.37 m. ; total track (steel; 80 IDS.), 88.17 miles. Gauge, 4 ft. 81 in. Chartered Feb. 17, 1899;
organized May 28, 1899. This road is owned jointly by the Southern Ry. Co. and the Louisville and
Nashville RR. Co. Locomotives (switching), 28. Cars — freight (flat, 37; coal, 331; other,
232), 600.
Operations, year ending June 30, 1902. — Earnings (switching and other, $412,761; freight,
$22,075), $434,836. Operating expenses, $434,836.
General Balance Sheet, June 30, 1902. — Capital stock ($600,000 common and $600,000 pro-
ferred; $100 shares), $1,200,000 ; current liabilities, $208,205 — total, $1,408,205. Contra: Cost
of road and equipment, $1,272,842 ; materials, etc., $18,002 ; current assets, $117,361 — total,
$1,408,205. Capital stock authorized, common, $6,000,000; preferred, $6,000,000 — total, $12,-
000,000.
Directors. — J. G. Moore, A. G. Smith, Birmingham, Ala. ; M. H. Smith, Louisville, Ky. ; W.
W. Flnley, Washington, D. C. ; J. M. Falkner, Montgomery, Ala. OFFICERS : J. G. MOORE, Pres. &
Gen. Mgr.; A. G. Smith, Vice-Pres.; R. W. Bidgood, Sec. d Aud. ; Birmingham Trust and Savings
Co., Treas., Birmingham, Ala. GENERAL OFFICE, Birmingham, Ala.
BURNSIDE AND CUMBERLAND RIVER RY. — Burnside June, to Burnside Land-
Ing, Ky., 1.5 m. ; total track (steel ; 53 and 56 Ibs.), 3 miles. Gauge, 4 ft. 8i in. Chartered May 1,
1890 ; road opened Dec. 1, 1890. Connects the Cincinnati Southern Ry. and the Cumberland River,
and also forms a belt railway for the industries located at Burnside, Ky. Locomotives, 2. Uses cars
of the C., N. O. & T. P. Ry. Co.
Operations, year ending June 30, 1902. — Earnings (freight), $12,959. Operating expenses,
$11,883. Net earnings, $1,076. Payments : Interest on bonds, $900 ; rentals, $176 — total, $1,076.
General Balance Sheet, June 30, 1902. — Capital stock ($50,000 auth. ; $100 shares), $15.-
000; funded debt (1st 6s of Dec. 1, 1910), $15,000 — total, $30,000. Contra: Cost of road and
equipment, $18,092.
Directors. — C. W. Cole, Oliver Kinsey, M. F. Molloy, Cincinnati, O. OFFICERS : C. W. COLE,
Pres., Treas., Aud. & Gen. Mgr.; Oliver Kinsey, Vice-Pres.; M. F. Molloy, Sec., Cincinnati, O.
GENERAL OFFICE, Wiggins Block, Cincinnati, O.
CADIZ RR. — Cadiz to Gracey, Ky., 10.95 miles. Gauge, 4 ft. 8J in. Rail (steel), 58 Ibs.
Locomotives, 2. Cars — combination, 1 ; freight, 1. This road connects at Gracey with the Louisville
and Nashville RR. and with the Illinois Central RR.
Operations, 3 months ending June 30, 1902. — Gross earnings, $3,600. Operating expenses,
$2,187. Net earnings, $1,403.
Financial Statement, Feb. 15, 1903. — Capital stock paid in ($60,000 auth.), $25,036; funded
debt, $40,000 (6s of Nov. 30, 1902) ; other liabilities, $1,103 — total, $66,139. Contra: Cost of
road and equipment, $66,322.
Directors. — W. C. White, D. L. Grinter, Geo. L. Smith, F. G. Terry, F. K. Grasty, John J.
Alexander, J. W. Crenshaw, Cadiz, Ky. OFFICERS : W. C. WHITE, Pres. & Gen. Mgr. ; D. L. Grinter,
Vice-Pres.; F. G. Terry, Treas.; F. K. Grasty, Sec.; J. P. White, Aud.. Cadiz, Ky. GENERAL
OFFICE, Cadiz, Ky.
CARROLLTON SHORT LINE RY. — Carrollton to Reform, Ala., 10 miles. Gauge, 4 ft.
81 in. Rail (steel), 40 and 56 Ibs. Chartered in 1897; road opened as above in Oct., 1900.
Traffic arrangements have been made with the Mobile and Ohio RR. Co. Company has in contem-
plation the building of 18 miles of additional track. Locomotive, 1. Cars — passenger (leased) 3-
flat, 3 — total, 6. Capital stock ($100 shares), $100,000.
Operations, year ending June 30, 1902. — Earnings (passenger, $3,896; freight, $6,492), $10,-
388. Operating expenses, $7,157. Net earnings, $3,231.
Directors. — John T. Cochrane, W. G. Cochrane, F. S. Moody, F. M. Moody, Henry Fitts, Tusca-
loosa, Ala. ; W. G. Robertson, E. D. Willett, W. P. Owings, L. C. Hudgins, M. L. Strause, Samuel H.
Hill, Carrollton, Ala. OFFICERS : JOHN T. COCHRANE, Pres., Tuscaloosa, Ala. ; E. D. Willett, Vice-
Pres., Carrollton, Ala. ; Frank M. Moody, Treas., Tuscaloosa, Ala. ; Win. G. Robertson, Sec., Car-
rollton, Ala. GENERAL OFFICE, Tuscaloosa, Ala.
CHATTANOOGA SOUTHERN RR. — Ga.-Tenn. State Line to Gadsden, Ala., 86.25 m. ;
branches and spurs, 5.38 m. — total, 91.63 miles. Trackage : Belt Ry. of Chattanooga : Ga.-Tenn.
State Line to Chattanooga, Tenn., 5.18 miles. Total operated, 96.81 miles. Sidings, etc., 5.76
miles. Gauge, 4 ft. 81 in. Rail (steel), 56 and 60 Ibs. Reorganization, Jan. 10, 1896, of the
Ohattanooga Southern Ry. Co. (See MANUAL for 1896, page 239.) Locomotives, 6. Cars — pas-
senger, 4; baggage, etc., 2; freight (box, 58; flat, 41; coal, 122), 221; service, 4 — total, 231.
Operations, year ending June 30, 1902. — Trains run (freight, 50,494; mixed, 57,334; other,
7,774), 115,602 miles. Earnings (passenger, $13,002 ; freight, $79,703 ; other, $5,480), $98,185.
Operating expenses and taxes, $119,788. Deficit, $21,603 ; deficit forward, $79,528 — total,
$101,131.
General Balance Sheet, June 30, 1902. — Capital stock ( $2,250,000 common and $750,000
preferred; $100 shares), $3,000,000; bills payable, $10,000; current liabilities, $12,087; taxes
accrued, $2,550 ; reorganization committee, $118,029 — total. $3,142,666. Contra : Cost of road
and equipment, $2,997,666; materials, etc., $15,182; cash and current assets, $28,687; profit and
loss. $101,131 — total, $3,142,666.
Directors. — Henry A. V. Post, Russell Sage, Thos. H. Hubbard, Newman Erb, Edward C. Os-
born, Frank H. Davis, New York, N. Y. ; Henry L. Lamb, Troy, N. Y. OFFICERS : HENRY L. LAMB,
Pres., Troy, N. Y. ; Thos. H. Hubbard, Vice-Pres. ; Edward C. Osborn, Sec. & Treas., New York.
N. Y. ; Geo. M. Chapman, Aud.; W. W. Kent, Gen. Mgr., Chattanooga, Tenn. GENERAL OFFICE^
Chattanooga, Tenn.
CHESAPEAKE AND NASHVILLE RY. — Gallatin, Tenn., 35.87 m. ; leased line (Mid-
318 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
die and East Tennessee Central Ry.( Hartsvllle Junction to Hartsvllle, Tenn.), 12 m. — total. 47.87
m. ; total track (steel; 54 Ibs.), 50.59 mHes. Gauge, 4 ft. 9 in. Chartered as Cincinnati, Green
River & Nashville RR. Co.. Feb. 23, 1882. Present name adopted May 12, 1884. A company of the
same name, chartered in Tennessee on Oct. 6, 1884, was absorbed on March 15, 1885. The project
is for a railroad from Nashville, Tenn., to Danville, Ky., 165 miles, and from Glasgow to Elizabeth-
town, Ky., 40 miles. The partly graded roadbed of the old Cumberland and Ohio RR., between
Gallatin and Scottville, was acquired in 1885 ; grading was completed and track laid on same in the
first half of 1886. The road was sold under foreclosure on Sept. 27, 1892. Pending the reorganiza-
tion of the company the property remains in the possession of W. A. Weber, the purchaser at that
sale. The Middle and East Tennessee Central Ry. (see MANUAL for 1897, page 184) was leased in
1898. Locomotives (1 leased), 4. Cars — passenger, 2; combination, 2; freight (flat), 45;
service, 5 — total, 64.
Operations, year ending June 30, 1902. — Trains run (passenger, 22,260; freight, 23,110.
other, 7,830), 53,200 miles. Passengers carried, 11,404; carried one mile, 207,894. Tons freight
moved, 54,820; ton-miles, 1,142,634. Earnings (passenger, $7,389; freight, $42,039; other.
$2,422), $51.850. Operating expenses, $48,700. Net earnings, $3,150. Paid rentals, $2,807.
Surplus, $343.
General Balance Sheet, June 30, 1902. — Cost of road (main line) as liability, $310,000;
current liabilities, $8,383 ; profit and loss, $8,231 — total, $326,614. Contra : Cost of road and
equipment, $310,000 ; materials, etc., $500 ; cash, $4,279 ; profit and loss, $11,835 — total,
$326,614.
Operating: Officers. — Robert Meek, Supt.; D. B. Anderson, And., Gallatin, Tenn. GENERAL
OFFICE, Gallatin, Tenn.
EASTERN RY. OF ALABAMA. — Projected : Talladega to Pyriton, Ala., 26 miles.
Completed to July 21, 1903 : Talladega to Weathers, Ala., 12 miles Gauge, 4 ft. 8 in. Rail
(steel), 68i Ibs. Chartered May 1, 1901; road expected to be completed and in operation by Aug.
15, 1903. Between Talladega and Stockdale Junction, about 6 miles, the Alabama Mineral RR.
of the Louisville and Nashville System will be used, leaving 20 miles to be built by this com-
pany.
Financial Statement, July 21, 1903. — Capital stock paid in ($250,000 auth.), $25,600.
Cost of road to date, $350,000. Funds for the construction of the road are supplied by the
Louisville and Nashville RR. Co., under an agreement that when the road is completed a mortgage
shall be placed upon it to secure the amount advanced. The advances are to be repaid in ten
annual installments, with interest at the rate of 5 p. c. per annum.
Directors, (elected June 11, 1903). — Percy H. Smith, W. G. Harrison, G. A. Mattison, E. H.
Dyer, R. W. Henderson, W. H. Boynton, Cecil Browne, Talladega, Ala. OFFICK.US : PERCY H.
SMITH, Pres.; G. A. Mattison, Vice-Pres. ; W. H. Boynton, Treas.; E. H. Dyer, Sec., Talladega,
Ala. GENERAL OFFICE, Talladega, Ala.
EASTERN KENTUCKY BY. — Riverton to Webbville, Ky., 36 m. ; total track (24 m.
steel; 56 to 62 Ibs.), 46.38 miles. Gauge, 4 ft. 9 in. Chartered in Jan., 1870. Successor to the
Kentucky Improvement Co. (chartered in Dec., 1866). Road opened throughout, April, 1899. Loco-
motives, 4. Cars — passenger, 3; baggage, etc., 1; freight (box, 4; stock, 21; flat, 3), 28; serv-
ice, 1 — total cars, 33.
Operations, year ending June 30, 1902. — Trains run (mixed, 46,673; other, 9,365), 56,038
miles. Earnings (passenger, $8,718; freight, $44,052; other, $3,132), $55,902. Operating ex-
penses, $51,807. Net earnings, $4,095; other receipts, $7,644 — total, $11,739. Payments: In-
terest on floating debt, $533 ; taxes, $1,824 — total, $2,357. Surplus, $9,382 ; deficit forward,
$248,077 ; net deficit, $238,695.
General Balance Sheet, June 30, 1902. — Capital stock (common, $1,697,800; preferred,
$1.779,500), $3,477,300; current liabilities, $20,122; other liabilities, $30,306 — total, $3,527,728.
Contra: Cost of road and equipment, $2,415,000; securities owned, $10,220; other Investments,
$831,312 ; materials, etc., $10,427 ; cash and current assets, $22,074 ; profit and loss, $238,695 —
total. $3,527,728.
Capital stock authorized consists of $3,000,000 preferred stock and $10,000,000 common stock
in $100 shares.
Directors. — Nathaniel Thayer, E. V. R. Thayer, Charles Merriam, H. H. Hunnewell, E. B.
Townsend, Boston, Mass. ; Edw. F. Ripley, Cohasset, Mass. ; Sturgis G. Bates, Riverton, Ky. OFFI-
CERS : NATHANIEL THAYER, Pres., Boston, Mass. ; Sturgis G. Bates, Vice-Pres. & Gen. Mgr., River-
ton, Ky. ; E. B. Townsend, Sec. & Treas., Boston, Mass. GENERAL OFFICE, Riverton, Ky.
EAST LOUISIANA RR. — Pearl River to Covington, La., 24.0 m. ; Mandeville June, to
Mandeville, La., 12.0 m. ; branches and spurs, 7.77 m. — total track (steel; 35 and 60 Ibs.), 43.77
miles. Gauge, 4 ft. 8J in. Chartered July 8, 1887; main lines completed May 29, 1892. (See
MANUAL for 1900, page 452.) Projected to Monticello, Miss., 80 m. from Pearl River. Locomotives,
3. Cars — passenger, 10; baggage, etc., 2; freight (box, 5; stock, 2; flat. 4; other, 17). 28; serv-
ice, 3 — total, 43.
Operations, year ending June 30, 1902. — Earnings (passenger, $34,118; freight, $55,385;
other, $4,418), $93,921. Operating expenses, $82,496. Net earnings, $11,425. Payments: Inter-
est on floating debt, $5,230 ; taxes, $2,148 ; other charges, $9,101 — total, $16,479. Deficit, $5,054 ;
deficit forward (balance at debit June 30, 1901, $5,374; less additions during year, $3,069).
$2,305 ; net deficit, $7,359.
General Balance Sheet, June 30, 1902. — Capital stock ($360,000 auth.; $100 shares),
$340,300; current liabilities, $81,188 — total, $421,488. Contra: Cost of road and equipment,
$373,322; securities owned, $181; materials, etc., $11,678; cash and current assets, $28,948;
profit and loss, $7,359 — total, $421,488.
Directors. — Frank B. Hayne, New Orleans, La. ; W. J. Poitevent, Eads Poitevent, Pearl ington,
Miss. ; N. G. Pearsall, C. K. Mullings, Covington, La. OFFICERS : FRANK B. HAYNE, Pres., New
Orleans, La. ; N. G. Pearsall, Vice-Pres. & Gen. Mgr. ; C. K. Mullings, Treas., Covington, La. ; W.
J. Poitevent, Sec., New Orleans, La. GENERAL OFFICE, Covington, La.
FRANKFORT AND CINCINNATI RY. — Frankfort to Paris, Ky., 40 m. ; trackage (L.
& N. RR.), Paris June, to Paris, Ky., 1 m. ; total track (steel; 56 Ibs.), 43.05 miles. Gauge, 4 ft.
81 in. Chartered Feb. 27, 1897, as successor to the Kentucky Midland Ry. Co., whose property was
sold under foreclosure on Jan. 4, 1897. (See MANUAL for 1897, page 183.) New company assumed
possession March 1, 1897. Locomotives, 4. Cars — passenger, 3 ; baggage, etc., 1 — total, 4. Of
this equipment 1 locomotive and 2 passenger cars are leased.
POOR'S MANUAL OF RAILROADS. 319
Operations, year ending June 30, 1902. — Trains run (passenger, 50,880; freight, 26,040),
76,920 miles. Passengers carried, 56,589 ; carried one mile, 901, J75. Tons freight moved, 92,559 ;
ton-miles, 1,799,750. Earnings (passenger, $23,044; freight, $57,957; other, $3,908), $84,909.
Operating expenses, $65,460. Net earnings, $19,449. Payments: Interest on bonds, $6,400;
taxes, $2,283 ; other charges, $7,635 — total, $16,318. Surplus, $3,131.
Financial Statement, June 30, 1902. — Capital stock ($25 shares), $40,000; funded debt out-
standing (1st 4s of 1923, $200,000 auth.), $160,000 — total stock and bonds, $200,000.
Directors. — George B. Harper, C. Bowles, J. R. Newton, A. D. Martin, D. W. Lindsey, Jr.,
Frankfort, Ky. ; W. O. Carrick, Georgetown, Ky. ; John T. Hinton, Paris, Ky. OFFICERS : GEO. B.
HARPER, Pres.; Claude Bowles, Trees.; D. W. Lindsey, Jr., Sec., Frankfort, Ky. GENERAL OFFICE,
Frankfort, Ky.
G-UIiF AND CHICAGO KB. — Middleton, Tenn., to Pontotoc, Miss., 62.5 m. ; total track,
64.5 miles. Gauge, 3 ft. Rail (steel, 29 m.), 35 and 50 Ibs. Organized Aug. 1, 1889; purchased
at foreclosure sale the Ship Island, Ripley and Kentucky RR., Middleton, Tenn., to Ripley, Miss., 25
m., and the Northern division of the Gulf and Ship Island RR., Ripley to Pontotqc, Miss., 37 miles.
(For history of the former company, see MANUAL for 1891, page 519.) Locomotives (leased, 1), 5.
Cars — passenger, 5; baggage, etc., 2; freight (box, 16; stock, 2; flat, 25), 43; caboose, 1 — total,
51. Also 1 pile driver.
Operations, year ending June 30, 1902. — Earnings (passenger, $16,164; freight, $48,306),
$64,470. Operating expenses, $50,729. Net earnings, $13,741. Payments: Dividends, $17,113 ;
other deductions, $2,400— total, $19,513. Deficit, $5,772.
General Balance Sheet, June 30, 1898 (latest rendered). — Capital stock ($100 shares),
$400,000 ; profit and loss, $1,009 — total, $401,009. Contra : Cost of road and equipment, $257,-
000; other investments, $143,000; cash and current assets, $1,009 — total, $401,009.
Directors. — Not reported. OFFICERS : F. B. MERRILL, Pres. ; J. C. Rich, Vice-Pres. ; H. H.
Lane, Treas., Mobile, Ala. ; C. F. Morgan, Gen. Mgr., Ripley, Miss. GENERAL OFFICE, Ripley, Miss.
HABBIMAN AND NOKTHEASTEBN KB,.— Harriman June, to Petros, Tenn., 19.7 m. ;
total track (steel; 60 Ibs.), 26 miles. Gauge, 4 ft. 8J in. Chartered Dec. 4, 1895, as successor
to the Harriman Coal and Iron RR. Co., whose property was sold under foreclosure July 22, 1895.
(See MANUAL for 1899, page 520.) Locomotives, 3. Cars — passenger, 2; freight (coal), 103 —
total, 105. 100 of the coal cars are held under car trusts.
Operations, not reported. For latest statement see MANUAL for 1902, page 298.
General Balance Sheet, June 30, 1899 (latest rendered). — Capital stock ($100 shares),
$60'0,000 ; funded debt (1st gold 6s of Jan. 1, 1916), $300,000 — total, $900,000. Contra: Cost
of road and equipment, $584,340 ; real estate, $30,000 ; materials, etc., $1,250 ; cash and traffic
balances, $6,811. The bonds are redeemable at par after Jan. 1, 1901.
Directors. — Bird M. Robjnson, W. Beverly Winslow, W. Hepburn Russell, R. D. Lankford,
W. S. Townsend, New York, N. Y. ; Henry M. Winslow, Horace M. Carr, W. A. Lewis, Harriman,
Tenn. ; W. J. Murphy, Cincinnati, O. OFFICERS : BIRD M. ROBINSON, Pres., 253 Broadway, New
York, N. Y. ; W. J. Murphy, Vice-Pres., Cincinnati, O. ; R. D. Lankford, Sec., New York, N. Y. ;
Charles Patton, Treas.; M. F. Molloy, Aud., Cincinnati, O. GENERAL OFFICE, Harriman, Tenn.
KENTUCKY AND INDIANA BBIDGE AND BB. (THE).— Louisville, Ky., to New
Albany, Ind., 3.03 m. ; branch line in Louisville, Ky., 5.42 m. — total lines owned, 8.45 miles.
Gauge, 4 ft. 8J in. Rail (steel), 60 and 75 Ibs. Chartered Aug. 8, 1900. Successor, after fore-
closure sale, to the Kentucky and Indiana Bridge Co. (See MANUAL tor 1899, page 520.) The
property was acquired subject to $1,000,000 K. & I. B. 1st gold 5s of March 1, 1911, Int. M. & S., in
Louisville, Ky. The new company comprises the Kentucky and Indiana Bridge Co., the Louisville
Belt Line, New Albany and Portland Ferry and Louisville and New Albany Electric Line. Capital
stock ($100 shares), $75,000. A mortgage has been made to the Standard Trust Co. of New York,
N. Y., and Noble C. Butler, of Indianapolis, Ind., to secure an issue of 1st consol. mtge. 4 p. c. 50-yr.
gold bonds, amounting to $2,500,000, due April 1, 1950, interest April and Oct., at the Standard
Trust Co., New York, N. Y. Bonds amounting to $1,000,000 are reserved for the retirement of the
1st mtge. bonds referred to before, and $500,000 additional for improvements and betterments. The
capital stock is owned, one-third each, by the Southern Ry. Co., the B. & O. Southw. RR. Co., and
the Chicago, Indianapolis and Louisville Ry. Co. Locomotives, 9. Cars — passenger, 16 ; freight
(fiat), 3; service, 5 — total, 24. Also 1 ferryboat.
Operations, year ending June 30, 1902. — Earnings (passenger, $62,386; freight, $1,043;
other, $156,046), $219,475. Operating expenses, $279,516. Deficit from operation, $60,041. Total
deduction, $121,355. Deficit for year, $181,396.
Directors (elected Oct. 7, 1902). — W. M. Greene, Judson Harmon, Cincinnati, O. ; H. B. Spen-
cer, St. Louis, Mo. ; W. H. McDoel, Chicago, 111. ; E. F. Trabue, Alex. P. Humphrey, Louisville, Ky.
OFFICERS : W. M. GREENE, Pres., Cincinnati, O. ; H. B. Spencer, Vice-Pres., St. Louis, Mo. ; W. M.
Mitchell, Gen. Mgr.; Alex. P. Humphrey, Gen. Counsel; H. W. Heazlitt, Sec. & Treas., Louisville,
Ky. GENERAL OFFICE, Louisville, Ky.
LA FAYETTE BY. — La Fayette to Opelika, Ala., 22 m. ; total track (steel ; 40 and 60 Ibs.),
23 miles. Gauge, 4 ft. 8J in. Organized Sept. 13, 1895 ; chartered Sept. 19, 1895 ; road opened
July 4 1896. Locomotives (1 leased), 2. Cars — passenger, 2; combination, 1; freight (box, 10;
flat, 4), 14 — total, 17.
Operations, year ending June 30, 1902. — Earnings (passenger, $6,576; freight, $26.851.
other, $2,501), $35,928. Operating expenses, $23,308. Net earnings, $12,620. Total deductions,
$5,112. Surplus, $7,508.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares). $100,000; funded
debt, $34,000 ; current liabilities, $1,361 — total, $135,361. Contra : Cost of road and equipment,
$128,362 ; lands owned, $4,250 ; cash and current assets, $2,749 — total, $135,361. The bonds are
payable $4,000 on the 1st of Jan. each year. Trustee : J. C. Griffin, La Fayette, Ala.
Directors. — G. E. McGehee, Chas. Schuessler, J. C. Griffin, G. E. Burnett, M. W. Allen, L. S.
Schuessler, J. M. Tucker, A. J. Driver, W. B. Wood, La Fayette, Ala. OFFICERS : G. E. MCGEHEE,
Pres. & Gen. Mgr.; Chas. Schuessler, Vice-Pres. ; G. E. Burnett, Sec.; J. C. Griffin, Treas., La
Fayette, Ala. GENERAL OFFICE, La Fayette, Ala.
LEXINGTON AND EASTEBN BY.— Lexington to Jackson, Ky., 92.54 m. ; trackage, C.
& O. Ry., Netherland to Lexington, Ky., 1 m. ; operated Ohio and Kentucky RR., Jackson to Cannol
City, Ky., 25.63 m. — total, 119.17 miles; sidings, 19.09 miles. Gauge, 4 ft. 9 in. Rail (steel), 63
Ibs. Successor, Oct. 13, 1894, to the Kentucky Union Ry. Co. (See MANUAL for 1894, page 201.)
320 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
This company operates the Ohio and Kentucky RR. as agent for Its owners. Locomotives, 12. Cars
— passenger. 9; baggage, 4 ; freight ( box, 124 ; flat, 94 ; coal, 113), 331 ; other. 32 — total, 3;
Operations, year ending June 30, 1902. — Trains run (passenger, 125,306; freight, 79,152;
mixed. 9,947; other, 18,780), 233,185 miles. Passengers carried, 133,300; carried one mile,
3,083,220. Tons freight moved, 261,046; ton-miles, 14,672,916. Earnings (passenger. $79,854;
freight, $324,789; other, $19,759), $424,402. Operating expenses, $258,632. Net earnings, $165.-
770. Payments: Interest on bonds, $111,742; taxes, $7.200; rentals. $8,367; other charges,
$10.216 — total, $137,525. Surplus. $28,245 ; surplus forward, $110,696 — total, $138,941. Deduc-
tions during year, $70,000 ; net surplus, $68,941.
General Balance Sheet, June 30. 1902. — Capital stock ($100 shares), $500.000; funded
debt, $2,391,250; contingencies account, $22,414; current liabilities, $29,517; interest accrued,
$33,750 ; appropriation for equipment, $81,069 ; profit and loss, $68,941 — total, $3,126,941.
Contra : Cost of road and equipment, $3,010,643 ; materials, etc., $30,072 ; cash and current as
sets, $86,226 — total, $3,126,941.
Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of $850.000 1st gold
5s of Jan. 1, 1911 ; $1,500,000 gen. gold 5s of Feb. 1, 1935, and $41.250 debenture bonds. The 1st
mtge. bonds matured on Jan. 1, 1900, and on the same date interest on the gen. mtge. bonds,
previously payable only if earned, became a fixed charge. The company being unable to meet both
the principal of the 1st mtge. bonds and the interest on the gen. mtge. bonds, made default on ttoe
latter. An agreement for the readjustment of the affairs of the company, without foreclosure, was
reached on Nov. 23, 1901, the substance of which is as follows :
First Mortgage Bonds. — These have been extended to July 1. 1911, at the same rate of
interest, the company retaining the right, however, to redeem any or all of them at any time after
Dec. 31, 1901, at not exceeding 102 p. c. and interest. Any bonds thus redeemed shall be cancelled
and gen. mtge. bonds for equal amounts may be issued in place of them. The Readjustment Mana-
gers reserved the right, however, to cause to be paid off at par and interest so many of the outstand-
ing 1st mtge. bonds as in their judgment could be safely paid by the appropriation of any money in
the company's treasury. Bonds amounting to $150,000 have been so retired.
General Mortgage Bonds. — The holders of these agreed to waive all interest on their bonds
up to Aug. 1, 1901, and to accept thereafter interest at the rate of 2 p. c. a year for the first five
years and 3 p. c. a year for the next five years, the full rate of 5 p. c. a year to be resumed from
Aug. 1, 1911. In consideration of such waiver the bondholders are to receive deferred debentures
for the difference between 5 p. c. and the amount of interest accruing after Aug. 1, 1901, or say $250
per $1,000 bond. The debentures shall be payable without interest at such time as the company
may decide, but they shall become immediately payable in case any dividend is declared upon the
stock. At the option of the company they may be paid either in cash or in gen. mtge. bonds carry-
Ing the next maturing installment of interest.
Directors (elected Oct. 7, 1902). — Arthur Cary, Geo. Copland, Jere R. Morton, J. Rogers Barr,
Lexington, Ky. ; Robert E. Tod, New York, N. Y. OFFICERS : ARTHUR GARY, Pres. & Gen. Solicitor;
Geo. Copland, Vice-Pres., Treat. & Sec.; J. Rogers Barr, Gen. Mgr., Lexington, Ky. GENERAL OF-
FICE, Lexington. Ky.
LICKING RIVER RR,.— Salt Lick to Morgan, Ky., 30 miles. Rail (steel), 20, 25, 30 and
40 Ibs. Gauge, 3 ft. Organized Nov. 15, 1899, as successor to the Licking Valley RR., whose prop-
erty was sold under foreclosure on Oct. 24, 1899. (See MANUAL for 1899.) The extension from
Yale to Salt Spring, 8 miles, was opened In Jan., 1900; extended to Cave Branch (1J miles) In
1901, and to Morgan (5.5 miles) in 1902. Locomotives, 3. Cars — passenger, 2; freight (box), 4;
flat, 28; log. 23; coal, 1), 56 — total, 58.
Operations, year ending June 30, 1902. — Trains run (passenger, 14,400; freight, 14,400;
mixed, 28,800), 57,600 miles. Passengers carried, 8,834; carried one mile, 66,255. Tons freight
moved, 35,330; ton-miles, 348,023. Earnings (passenger, $2,209; freight, $18,565), $20,774.
Operating expenses, $19,726. Net earnings, $1,048. Payments : Interest on debt, $3,000 ; taxes,
$526 — total, $3,526. Deficit, $2,478.
General Balance Sheet, Jan. 1, 1903. — Capital stock ($50,000 auth. ; $100 shares), $30,-
000; funded debt (6s; no particulars furnished), $50,000; bills payable, $5,169; notes payable,
$56,446 ; current liabilities, $357 ; interest accrued, not due, $10,030 ; profit and loss, $2,800 —
total, $155,702. Contra : Cost of road and equipment, $121,259 ; other investments, $2,328 ; ma-
terials, etc., $300 ; cash and current assets, $1,815 — total, $125,702.
Directors. — Henry Heywood, Chas. Lang, Louis E. Carlton, Gardner, Mass. ; C. H. Hill,
Chicago, 111. ; J. W. M. Stewart, Ashland, Ky. OFFICERS : HENRY HEYWOOD, Pres., Gardner,
Mass. ; J. W. M. Stewart. Sec.; Calvin H. Hill, Treas., Chicago, 111. : E. R. Miller, Gen. Mgr., Yale,
Ky. GENERAL OFFICE, Yale, Ky.
LOUISIANA AND NOBTHWEST BB.— Projected : Alexandria to St L., I. M. & S.
RR., in Arkansas, 225 miles. Completed up to June 30, 1902 : Magnolia, Ark., to Lucky, La., 79.6
m. ; leased, St. L. S. W. Ry., Magnolia to McNeil, Ark., 6.4 m. — total, 86 miles. Sidings, etc., 2.56
miles. Gauge, 4 ft. 8J in. Rail (steel), 56 and 60 Ibs. Chartered Jan. 1, 1895, as successor to the
Louisiana North and South RR. Co. (See MANUAL for 1900, page 455.) Extension from Homer,
La., to Magnolia, Ark., 36 m., opened in Nov., 1898. The Magnolia branch of the St. Louis South-
western Ry., from Magnolia to McNeil, Ark., 6.4 m., is leased for 50 years from Aug. 1, 1898, at a
rental of $3,960 per annum. The lease of the road to J. D. Beardsley, referred to in the MANUAL
for 1900, was abrogated on May 5, 1898. Locomotives, 6. Cars — passenger, 6 ; baggage, 2 ;
freight (flat), 40 ; service, 1 — total, 49. Of this equipment, 1 baggage, 2 passenger and 30 flat cars
are held under trust agreement.
Operations, year ending June 30, 1902. — Trains run (passenger, 45,260; mixed, 57,772),
103,032 miles. Tons freight moved, 109,238. Earnings (passenger, $23,865; freight, $121,026;
other, $7,325), $152,216. Operating expenses, $78,654. Net earnings, $73,562; other receipts,
$2,114 — total, $75,676. Payments : Interest on bonds, $5,000 ; interest on floating debt, $4,161 ;
taxes, $2,946 ; rentals, $3,960 ; other charges, $4,265 — total, $20,332. Surplus, $55,344 ; surplus
forward, $99,515 — total, $154,859.
General Balance Sheet, June 30, 1902. — Capital stock ($3,000,000 auth.; $100 shares),
$215,891; funded debt (1st gold 5s of Jan. 1, 1945), $100,000; current liabilities, $335,654; in-
terest accrued, $5,000 ; accrued taxes and rentals, $5,647 ; equipment obligations, $19,216 ; profit
and loss, $154,859 — total, $836,267. Contra : Cost of road and equipment, $810,075 ; materials,
etc., $7,407 ; cash and current assets, $18,785 — total, $836,267.
Directors. — C. O. Ferguson, P. Loewenberg, J. A. Richardson, Homer, La. ; C. H. Beardsley,
Gibsland, La. OFFICERS : Presidency, vacant ; J. A. Richardson, Vice-Pres. ; J. S. Richardson,
:
I
POOR'S MANUAL OF RAILROADS. 321
Acting Sec., Homer, La.; C. H. Beardsley, Treas.; J. D. Beardsley, Gen. Mgr.; F. E. Cherot, Aud.,
Gibsland, La. GENERAL OFFICE, Gibsland, La.
LOUISIANA BY. AND NAV. CO. — Shreveport to Mansura, La., 153.5 m. ; total track
(steel; 56 and 70 Ibs.), 173.77 miles. Gauge, 4 ft. 8J in. Incorporated under the laws of Louisi-
ana, May 9, 1903, and on June 22, 1903, purchased the property of the Shreveport and Red
River Valley Ry. Co. (see MANUAL, for 1902, page 303). Extensions are under construction from
Colfax to Winnfleld, La., 28 miles, and from Campti to Chestnut, La., 14 miles. The company
is empowered by its charter to build to New Orleans and south of that city to the Gulf of Mexico ;
also to own and operate a line of ocean steamships. Equipment, June 30, 1903. — Locomotives, 10 ;
passenger cars, 12 ; freight cars, 274.
Financial Statement, Tune 30, 1903. — Capital stock ($12,000,000 auth. ; $100 shares), $3,-
842,000. Funded debt: $3,842,000 1st mtge. 4£ p. c. 50-yr. gold bonds, due July 1, 1953, interest
Jan. and July. The bonds are issuable at the rate of $23,000 per mile of road.
Directors. — Wm. Edenborn, P. Mcllvried, C. Ellerbe, W. F. Taylor, Sarah Edenborn, Otto
Mann and J. E. Cole. OFFICERS : WM. EDENBORN, Pres., New York, N. Y. ; P. Mcllvried, Vice-
Pres.; Clarence Ellerbe, Sec. & Treas.; H. B. Helm, Aud., Shreveport, La. GENERAL OFFICE,
Shreveport, La. President's Office, 71 Broadway, New York, N. Y.
LOUISIANA SOUTHERN BY.— New Orleans to Belair, La., 29.2 m. ; Poydras to Shell
Beach, La., 16 m. — total, 45.2 m. ; total track (steel; 56 Ibs.), 53.7 miles. Gauge, 4 ft. 9 in. Or-
ganized as successor to the New Orleans and Southern RR. Co., whose property was sold under
foreclosure on Oct. 26, 1896. (See MANUAL for 1899, page 522.) Locomotives, 6. Cars — pas-
senger, 7; combination, 2; freight (box, 36; cane, 115), 151 — total cars, 160.
Operations, year ending June 30, 1902. — Earnings (passenger, $17,082; freight, $69,983;
other, $11,223), $98,289. Operating expenses, $47,328. Net earnings, $50,961. Payments : Inter-
est on bon,ds, $12,500 ; taxes, $5,529 — total, $18,029. Surplus, $32,932.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $300,000; funded
debt (1st gold 5s of March 1, 1950), $250,000; current liabilities, $142,489 — total, $692,489.
Contra : Cost of road and equipment, $632,456 ; materials, etc., $2,834 ; cash and current assets,
$57,199 — total, $692,489.
Directors. — E. A. Hopkins, E. A. King, D. Slater. E. D. St. Glair, London, Eng. OFFICERS:
E. A. HOPKINS, Pres. ; S. Gibbs, Sec. & Treas., London, Eng. ; P. Campbell, Gen. Mgr., New Or-
leans, La. GENERAL OFFICE, New Orleans, La.
LOUISVILLE AND ATLANTIC BY. — Versailles, to Millers Creek, Ky., 66.76 m. ;
Beattyville to Beattyville June., Ky., 6.0 m. — total, 72.76 m. ; total track (steel; 60 and 66 Ibs.),
80.54 miles. Gauge, 4 ft. 8J in. Chartered in July, 1899, and on Sept. 20, 1899, succeeded to the
property of the Richmond, Nicholasville, Irvine and Beattyville RR. Co., sold under foreclosure on
May 1, 1899. (See MANUAL for 1899, page 845.) On July 1, 1900, the Beattyville and Cumberland
Gap RR. Co., owning the line from Beattyville to Beattyville Junction, Ky., was consolidated with
this company. (See MANUAL for 1900, page 451.) Six miles new track, from Irvine to Millers
Creek, was opened March, 1901. The continuation of the road from Millers Creek to Beattyville, 28
miles, under construction at the close of the fiscal year, was expected to be ready for operation by
July 1, 1903. Locomotives, 8. Cars — passenger, 9; baggage, etc., 2; freight (box, 6; flat, 23),
coal, 7), 36 — total, 47.
Operations, year ending June 30, 1902. — Trains run (passenger, 64,020; freight, 28,756;
mixed, 18,604), 111,380 miles. Passengers carried, 52,565; carried one mile, 1,243,680. Tons
freight moved, 148,934. Earnings (passenger, $32,529; freight, $111,945; other, $5,763), $150,-
237. Operating expenses, $143,513. Net earnings, $6,724. Payments: Interest on bonds, $38,-
094 ; taxes, $3,168 — total, $41,262. Deficit, $34,538 ; deficit forward, $46,012 ; net deficit,
$80,550.
General Balance Sheet, June 30, 1902. — Funded debt (1st 5s of May 1, 1941), $500,000;
loan secured by bonds, $416,562 ; current liabilities, $59,952 ; interest accrued, $10,644 — total,
$987,158. Contra : Cost of road and equipment, $861,843 ; materials, etc., $87 ; cash and current
assets, $44,678 ; profit and loss, $80,550 — total, $987,158.
Financial Statement, June 30, 1902. — Capital stock authorized ($100 shares), $1,000,000.
The authorized amount of bonds is $1,000,000. In June, 1900, the company borrowed $420,000 and
pledged $500,000 of its 1st mtge. bonds as collateral. With the proceeds of this loan, it paid the
original purchasers $250,000, representing the cost of the main line ; also $145,000 for the stock
and bonds of the Beattyville and Cumberland Gap RR. Co. (which securities have been cancelled).
Since the close of the fiscal year the remaining $500,000 bonds have been issued, and the loan re-
duced accordingly.
Directors. — James P. Amsden, John L. Amsden, Ed. M. Wallace, Robert Wallace, Versailles,
Ky. ; A. E. Richards, D. W. Fairleigh, Louisville, Ky. ; G. W. Gourley, Beattyville, Ky. ; Thos. W
Synnott, Wenonah, N. J. ; John Sparhawk, Jr., Philadelphia, Pa. OFFICERS : JAMES P. AMSDEN,
Pres.; John L. Amsden, Treas.; Ed. M. Wallace, Sec.; C. M. Browning, Gen. Mgr.; V. M. Nourse,
And., Versailles, Ky. OFFICE, Versailles, Ky.
MAMMOTH CAVE BB.— Glasgow June, to Mammoth Cave, Ky., 8.75 miles. Gauge, 4 ft.
9 in. Rail (steel), 50 Ibs. Locomotives, 2. Cars (passenger), 2. Chartered in 1874; road
opened Nov. 17, 1886. Operated by the Louisville and Nashville RR. Co., until a receiver was
appointee Aug. 12, 1895. Sold under foreclosure on March 7, 1898. and purchased for $16,000
by the president of the company, J. Hill Eakin, Nashville, Tenn. The road is still operated by the
receiver pending reorganization. Gross receipts for year ending June 30, 1901, $7,695. Oper-
ating expenses, $5,288. Net earnings, $2,407. J. A. McGooowiN, Rec., Franklin, Ky. ; E. H.
Mentz, Mgr., Glasgow June., Ky.
MANSFIELD BY. AND TBANSPOBTATION CO.— Mansfield, La., to T. & P. June,
1.62 m. ; total track (iron; 56 Ibs.), 2.10 miles. Gauge, 4 ft. 8J in. Chartered Feb. 16, 1881;
road opened Jan. 1, 1882. Locomotive, 1. Cars — passenger, 1 ; baggage, etc., 1. Operations tem-
porarily suspended.
Financial Statement, June 30, 1902. — Capital stock ($50 shares), $14,500; real estate mort-
gages, $4,500 — total, $19,000. Contra: Cost of road and equipment, $15,000 ; materials, etc., $750 •
cash and current accounts, $900 — total, $17,650.
Directors.— A. F. Jackson, W. T. Peguese, S. G. Sample, C. E. Jenkins, J. R. Brown, Mansfield,
La. OFFICERS : A. F. JACKSON, Pres. & Gen. Mgr. ; C. E. Jenkins, Vice-Pres. ; S. G. Sample.
Treas. ; J. C. Yarbrough, Sec., Mansfield, La. GENERAL OFFICE, Mansfield, La.
MOBILE, JACKSON AND KANSAS CITY BB.— Mobile, Ala., to Hattiesburg, Miss.,
322 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
97 m. ; total track (steel ; 60 Ibs.), 102.9 miles. Gauge, 4 ft. 8J in. Consolidation, in 1899, of the
Mobile, Hattiesburg and Jackson RR. Co. of Alabama and the Hattiesburg and Jackson RR. of
Mississippi. Road opened from Mobile, Ala., to Merrill, Miss., 50 miles, on July 1, 1898 ; extension
to Hattiesburg, 47 miles, opened in Feb., 1902. The Kingston and Central Mississippi Ry., a
narrow-gauge road extending from Laurel to Bay Springs, Miss., a distance of 25 miles (see
MANUAL for 1902, page 299), was purchased by this company in 1902, but the purchase is not
referred to in its annual report. Locomotives, 8. Cars — passenger, 12 ; freight ( box, 15 ; flat,
100), 115; service, 18 — total, 145.
Operations, year ending June 30, 1902 (aver. 70 miles). — Trains run (passenger, 40,100;
freight, 3,740; mixed, 29,888; other, 21,418), 95,146 miles. Passengers carried, 50,081; carried
one mile, 1,221,818. Tons freight moved, 125,000; ton-miles, 4,309,677. Earnings (passenger,
$34012; freight, $127,166; other, $6,051), $167,229. Operating expenses and taxes, $87,732.
Net earnings, $79,497 ; other receipts, $3,871 — total, $83,368. Deductions, $54,927. Surplus for
year, $28,441.
General Balance Sheet, June 30, 1902. — Capital stock ($4,000,000 auth. ; $100 shares),
$1,000,000; funded debt (1st 5s of June 1. 1946), $1,000,000 ; bills payable, $31,538 ; current lia-
bilities, $11,325; interest accrued, not due, $4,167; profit and loss, $76,431 — total, $2,123,461.
Contra : Cost of road and equipment, $2,052,663 ; materials, etc., $3,403 ; cash, $10,850 ; Gulf
City Const'n Co., $52,835 ; current assets, $3,710 — total, $2,123,461. The authorized amount of 1st
mtge. bonds is $4,000,000, at the rate of not exceeding $20,000 per mile of main line and branches.
The bonds carry the privilege of registration as to principal only and are not subject to redemption
by sinking fund.
Directors. — J. W. Whiting, F. B. Merrill, E. O. Zadek, Joseph C. Rich, J. L. Rapier, W. H. Mc-
Intosh, H. H. Lane, Mobile, Ala. ; W. D. Stratton, J. T. Odell, New York, N. Y. ; H. H. Melville,
Boston, Mass. ; A. McDonald, Cincinnati, O. OFFICERS : F. B. MERRILL, Pres. & Gen. Mgr. ; W. H.
Mclntosh, Vice-Pres.; H. H. Lane, Sec. & Treas., Mobile, Ala. GENERAL OFFICE, Mobile, Ala.
NATCHEZ, BED RIVER AND TEXAS RR.— Vidalia to Black River, La., 25.5 m. :
total track (steel; 35 Ibs.), 26.5 miles. Gauge, 3 ft. Chartered in 1887. (For history, see
MANUAL for 1892.) The road was sold under foreclosure on March 13, 1897, and was bid in by the
estate of Joseph P. Hale, New York, N. Y. Locomotives, 2. Cars — passenger, 1; freight (box, 14;
flat, 11), 25 — total, 26. Cost of road, etc., June 30, 1898, about $350,000. All information as to
the present status of the company refused. (See MANUAL for 1897, page 185.)
Operations, year ending June 30, 1902. — Earnings (passenger, $7,339; freight, $18,354),
$25,693. Operating expenses, $19,697. Net earnings, $5,996. Total deductions, $11,460. Deficit
for year, $5,464.
Directors. — Hugh Porter, Henry A. O'Brien, G. W. Debevoise, New York, N. Y. ; S. E. Rumble,
C. A. Gardener, Vidalia, La. OFFICERS : HUGH PORTER, Pres. <£ Treas., 35 Nassau St., New York,
N. Y. ; C. A. Gardener, Vice-Pres., Gen. Mgr. & Purch. Agt., Vidalia, La. GENERAL OFFICE, Vi-
dalia, La.
NEW ORLEANS BELT AND TERMINAL CO.— Chalmette to Shrewsbury, La., 13.63
m. ; branch to Southport, La., 0.95 m. — total, 14.58 m. ; total track (steel; 60 Ibs.), 27.26 miles.
Gauge, 4 ft. 9 in. Organized April 9, 1901, to take title to the property of the New Orleans and
Western RR. Co. (see MANUAL for 1900, page 1450), which was sold under foreclosure on March 9,
1901. The purchasers assumed the receiver's certificates and other prior liens. The company owns
5 locomotives, 6 passenger cars, 1 baggage car, 27 flat and 49 box freight cars.
Operations, year ending June 30, 1902. — Earnings (passenger, $3,531; freight, $78,249),
$81,780. Operating expenses, $96,304. Loss from operation, $14,524 ; total charges and deductions
for year, $69,336 — deficit, $83,860.
Financial Statement. — Capital stock ($100 shares, full paid), $1,000,000. Funded debt au-
thorized (1st mtge. 5 p. c. 50-yr. gold bonds), $2,000,000; outstanding, $1,000,000.
Directors. — W. C. Dotterer, New Orleans, La. ; E. B. Bulkley, M. E. Ingalls, Jr., C. B. Van
Nostrand, Louis L. Stanton, New York, N. Y. OFFICERS : W. C. DOTTERER, Pres., New Orleans, La. ;
C. B. Van Nostrand, Vice-Pres., New York, N. Y. ; G. McD. Nathan, Sec. & Asst. Treas. ; C. A. Car-
roll, And., New Orleans, La. GENERAL OFFICE, Cotton Exchange Building, New Orleans, La. New
York Office, 36 Wall St., Manhattan.
NEW ORLEANS, FORT JACKSON AND GRAND ISLE RR.— New Orleans to Bu-
ras, La., 59.6 m. ; Socola June, to Grand Bayou, La., 1.3 m. — total, 60.9 miles. Spur track, 2 miles.
Gauge, 4 ft. 8J in. Road completed in 1891. It is proposed to build an extension from Buras to
Fort Jackson. Connection is made at Myrtle Grove with steamer for Grand Isle. Locomotives, 6.
Cars — pasenger, 10 ; baggage, etc., 4 ; freight, 74 — total, 82.
Operations, year ending June 30, 1902. — Passengers carried, 45,730. Earnings (passenger,
$40,574; freight, $91,280; other, $703), $132,557. Operating expenses, $93,109. Net earnings,
$39,448. Total deductions, $27,801. Surplus $11,647.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($1,000,000 auth.; $50
shares), $243,650; funded debt (1st 5s of July 1, 1921; $425,000 auth.), $410,000; current
liabilities, $163,849; profit and loss, $3,615 — total, $821,114. Contra: Cost of road, $505,048;
equipment, $148,474 ; materials, etc., $925 ; cash and current assets, $12,917 ; coupons past due,
$153,750 — total, $821,114.
Directors. — Frank T. Howard, A. Baldwin, A. B. Wheeler, A. Socola, C. H. Hyams, Jr., New
Orleans, La. ; H. C. Warmoth, Lawrence, La. ; A. H. Morris, Westchester, N. Y. OFFICERS : H. C.
WARMOTH, Pres. ; Lawrence, La. ; Albert Baldwin, Treas. ; Frank L. Place, Sec. & Aud., New Or-
leans, La. ; J. S. Landry, Supt., Algiers, La. GENERAL OFFICE, New Orleans, La.
PORTSMOUTH AND TYGART VALLEY RR. — Lawton June, to Brlnegar, Ky., 6.25
miles. Rail (iron), 50 Ibs. Gauge, 4 ft. 8i in. Road opened May 25, 1893. Locomotive, 1.
Operations, year ending June 30, 1902. — Earnings (freight), $3,367. Operating expenses,
$2,889. Net earnings, $478. Deductions, $124. Surplus, $354.
General Balance Sheet, June 30, 1899 (latest rendered). — Capital stock, $100,000; bills
payable, $30,000; current liabilities, $2,000; profit and loss, $4,001 — total, $136,001. Contra:
Cost of road and equipment, $135,000 ; cash, $1,001 — total, $136,001.
Directors. — L. C. Turley, G. E. Carlyle, A. P. Green, D. B. Hutchins, S. P. Adams Ports-
mouth, O. ; H. W. Croft, S. C. Walker, Pittsburgh, Pa. ; Jess Lane, Brinegar, Ky. OFFICERS • L. C.
TURLEY, Pres. ; G. E. Carlyle, Vice-Pres. ; A. P. Green, Sec. & Aud., Portsmouth, O. ; Jess Lane,
Supt., Brinegar, Ky. GENERAL OFFICE, Portsmouth, O.
ST. LOUIS, W ATKINS AND GULF BY.— Lake Charles to Alexandria, La., 98.37 m. ;
POOR'S MANUAL OF RAILROADS. 323
T. & P. June, to T. & P. depot, 1.33 m. ; Lake Charles to Drews. 1.5 m. — total, 101.2 m. ; total track
(steel; 60 and 70 IDS.), 108.75 miles. Gauge, 4 ft. 8J In. Reorganization, effective June 1, 1902,
of the Kansas City, Watkins and Gulf Ry. Co. (see MANUAL for 1901, page 447), whose property was
sold under foreclosure March 24, 1902. Locomotives, 7. Cars — passenger, 4 ; baggage, mail and
express, 4; freight (box, 23; flat, 147), 170; caboose, 2 — total, 180.
Operations, year ending June 30, 1902 (operated by receiver for 11 months and by company
for 1 month). — Trains run (passenger, 74,300; freight, 69,348), 143,648 miles. Passengers car-
ried, 41,063 ; carried one mile, 1,368,805. Tons freight moved, 260,578 ; ton-miles, 12,080,278.
Earnings (passenger, $42,683 ; freight, $163,958 ; other, $15,089), $221,730. Operating expenses,
$129,025. Net earnings, $92,705 ; other receipts, $1,134 — total, $93,839. Payments : Taxes, $12,-
059; other (including court allowance, $109,577, of which $50,000 was interest paid to bondhold-
ers), $110,216 — total, $122,275. Deficit, $28,436.
Operations, month of June, 1902. — Trains run (passenger, 6,200; freight, 5,622), 11,822
miles. Passengers carried, 3,325 ; carried one mile, 112,358. Tons freight moved, 22,053 ; ton-
miles, 922,203. Earnings (passenger, $3,547 ; freight, $12,610 ; other, $664), $16,821. Operating
expenses, $9,849. Net earnings, $6,972; other receipts, $192 — total, $7,164. Payments: Taxes,
$1,469 ; other charges, $265 — total, $1,734. Surplus, $5,430.
General Balance Sheet, June 30, 1902. — Capital stock ($20 shares), $993,400; funded debt
(1st 5s of July, 1930), $983,360; current liabilities, $8,739; cash and other items from receiver,
$106,800 ; profit and loss, $5,431 — total, $2,097,730. Contra : Cost of road and equipment, $1,-
976,760; materials, etc., $10,720; cash and current assets, $110,250 — total, $2,097,730.
Directors (elected May 24, 1902). — T. H. Chalkley, Lawrence, Kan.; Andrew H. Kellogg,
Charles H. Bissell, New York, N. Y. ; H. B. Kane, A. V. Eastman, J. S. Thomson, J. B. Watkins,
Lake Charles, La. OFFICERS : J. B. WATKINS, Pres. ; H. B. Kane, Vice-Pres. & Gen. Mgr. ; 3. S.
Thomson, Sec. & Treas. ; W. E. Lee, And., Lake Charles, La. GENERAL OFFICE, Lake Charles, La.
SOUTH AND WESTERN BY. — Johnson City, Tenn., to Sprucepine, N. C., 64 miles.
Gauge, 4 ft. 8J in. Rail (steel), 65 Ibs. This company was chartered April 17, 1902, and
acquired the Ohio River and Charleston Ry., 33.5 miles, (see MANUAL for 1902, page 302), which
it has consolidated with other properties. It contemplates the completion and connection of its
line from Virginia coal fields south and west. The extension from Caney River to Sprucepine, 30.5
miles, was built by the present company, the last section of it, from Booneford to Sprucepine, 7.7
miles, having been opened for traffic on July 1, 1903. Equipment, Dec. 31, 1902. — Locomotives,
2. Cars — passenger, 2; freight (box, 15; flat, 14), 29 — total, 31.
Operations, six months ending Dec. 31, 1902. — Gross earnings (passenger, $4,626; freight,
$22,022; other, $992), $27,640. Operating expenses and taxes, $25,653. Net earnings, $1,987.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $100,000; funded
debt (see below), $600,000; current liabilities, $59,905; profit and loss, $1,987 — total, $761,892.
Contra : Cost of road and equipment, $700,000 ; investments, $52,062 ; materials, etc., $690 ;
cash and current assets, $9,140 — total, $761,892.
Funded Debt. — The funded debt consists of 1st mtge. gold coupon bonds of $1,000 each,
dated July 1, 1902, due Jan. 1, 1952, bearing interest, payable Jan. and July, at the rate
of 3 p. c. per annum for the first three years, 3J p. c. for the fourth year and 5 p. c. per annum
thereafter.
Directors (elected May 19, 1902). — George L. Carter, T. F. Davis. J. N. Powell, C. B.
Anderson, Bristol, Va. ; T. P. Trigg, Abingdon, Va. OFFICERS : GEORGE L. CARTER, Pres., Bristol,
Va. ; T. P. Trigg, Vice-Pres., Abingdon, Va. ; C. B. Anderson, Sec. & Treas., Bristol, Va. GENERAL
OFFICE, Bristol, Va.
TALLASSEE AND MONTGOMERY RY. — Projected: Tallassee to Montgomery, Ala.,
35 miles. Completed up to June 30, 1902 : Tallasseo to Milstead ( W. Ry. of Ala.), 6.28 m. ; total
track (steel ; 56 Ibs.), 7.28 miles. Gauge, 4 ft. 8} in. Chartered Aug. 10, 1895 ; road opened early
in 1896. Surveys completed to Montgomery Building in the interest and for the development of the
water power at Tallassee, Ala., which is owned by the Tallassee Falls Mfg. Co. Locomotive, 1.
Cars — combination, 1; freight (box, 1: flat, 1), 2 — total, 3.
Operations, year ending June 30, 1902. — Earnings (passenger, $8,376; freight, $24,268;
other, $149), $32,793. Operating expenses, $11,802. Net earnings, $20,991. Total deductions,
$649. Surplus for year, $20,342.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $75,000; current lia-
bilities, $404 ; profit and loss, $20,342 — total, $95,746. Contra : Cost of road and equipment, $99,-
876 ; cash and current assets, $46,787 — total, $146,663.
Directors. — T. M. Turner, New York, N. Y. ; C. K. Oliver, Baltimore, Md. ; J. W. Durr, S.
Roman, W. H. Micou, Montgomery, Ala. OFFICERS : THOS. M. TURNER, Pres., New York, N. Y. ;
C. K. Oliver, Sec., Baltimore, Md. ; W. E. Elsberry, Cashier, Tallahassee, Ala. ; R. E. Lutz, Traffic
Mgr., Montgomery, Ala. GENERAL OFFICE, Montgomery, Ala.
TENNESSEE CENTRAL RR. — Nashville to South Harriman, Tenn., 165.1 m. ; Monterey
to Crawford, Tenn., 17 m. ; Carthage Junction to Carthage, Tenn., 7.8 m. ; Johnston Strand to
Isoline, Tenn., 9 m. — total, 198.9 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs. The Tennessee
Central Ry. Co. was incorporated early in 1901, and built the line from Nashville to Lebanon, 30
miles, completing It in April, 1902. The Nashville and Knoxvllle RR., from Lebanon to Monterey,
with Carthage and Crawford branches, 103.8 miles, was purchased and taken over for operation on
Feb. 20, 1902. On April 15, 1902, The Tennessee Central Ry. Co. (see MANUAL for 1901, page
1511), the Tennessee Central Ry. (owner of the line from South Harriman to Monterey, 55 miles),
the Nashville & Knoxville RR. Co. (see page 301), the Cumberland Plateau Ry. Co. (owner of the
branch from Johnston Strand to Isoline, Tenn., 9 miles), and the Kingston Bridge and Terminal
Co., were consolidated under the name of Nashville and Clarksville RR. Co. That company changed
its name to Tennessee Central RR Co. on May 1, 1902. The road was opened to Nashville on May
27, 1902. Work is in progress on an extension from Nashville to Hopkinsville, Ky., about 70
miles, and a subsidiary company, the Nashville Terminal Co., is building terminal facilities at
Nashville, including a bridge across the Cumberland River. These facilities are leased for 99
years from May 1, 1902.
Financial Statement, July 1, 1902. — Capital stock authorized (issuable at $25.000 per mile),
$8,000,000 ; par, $100 per share. The City of Nashville will take and pay for $1,000,000 of the
capital stock upon the completion of the extension to Clarksville. Funded debt authorized, $15.000,-
000 at not exceeding the rate of $25,000 per mile, of which $5,000,000 to be immediately issued,
$3,306,000 thereof to be reserved for the retirement of the outstanding bonds of the Tennessee
Central Ry. Co. and Nashville and Knoxville RR. Co. The remaining $10,000,000 of bonds will be
issued at the rate of $25,000 per mile for the construction or acquisition of additional railroads.
324 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
The bonds are dated July 1, 1902, and mature July 1, 1952, but are redeemable at the option of
the company on and after July 1, 1907, at 105 p. c. and interest. They bear interest at the rate
of 5 p. c. per annum, payable semi-annually ; principal and Interest payable in gold. Trustee :
Mercantile Trust Co., St. Louis, Mo.
Underlying Bonds. — On June 30, 1901, there were outstanding $1,737,000 ($2,000,000
auth.), 1st 6s of May 1, 1918, of the Nashville and Knoxville RR. Co., secured on 86.8 miles of
road as above; and on Dec. 31, 1901, there were outstanding $1,550,000 ($5,000,000 auth.) 1st
gold 5s of Jan. 1, 1948, of the Tennessee Central Ry., secured on the line from South Harriman to
Monterey, and branch to Millstone, a total of 56.9 miles.
PROPERTY LEASED BY THE TENNESSEE CENTRAL RR. Co.
Nashville Terminal Co. — Chartered In | Ized, $1,000,000. Funded debt, authorized, $1,000,-
Aug., 1893, to construct terminal facilities at 000 1st mtge. 5 p. c. 30-yr. gold bonds, due Jan. 1,
1932, but subject to redemption at 105 p. c. and
interest on and after Jan. 1, 1907. Trustee of
bonds, Mercantile Trust Co., St. Louis, Mo. List
of officers not furnished.
Nashville, including a bridge across the Cum-
berland River. A lease of the property for 99
years was made to the Tennessee Central RR. Co.
on May 1, 1902, and at about the same time con-
struction was commenced. Capital stock author-
Directors (Tenn. Central RR.). — Jere Baxter, N. C. Chapman, K. R. Richardson, J. T. Lellyett,
W. C. Collier, R. M. Dudley, Nashville, Tenn. ; J. C. Van Blarcom, St. Louis, Mo. OFFICERS :
J. C. VAN BLARCOM, Pres., St. Louis Mo. ; N. C. Chapman, Vice-Pren. ; O. M. Laing, Sec. ; E. A.
Faulhaber, Treas.; H. M. Hood, Aud., Nashville, Tenn. GENERAL OFFICE, Nashville, Tenn.
TOMBIGBEE AND NORTHERN RY. — Tomblgbee River to Turners, Ala., 35 m. ; Turn-
ers to Higdons, Ala., 5 m. — total, 40 m. ; total track (steel; 56 Ibs.), 42 miles. Gauge, 3 ft.
Chartered Jan. 17, 1900, as successor to the Seaboard Ry. of Alabama, which was sold under fore-
closure on May 10, 1897. (See MANUAL for 1899, page 525.) Locomotives, 5. Cars — passenger,
1; baggage, etc., 1; freight (box, 10; stock, 2; flat, 10), 22; lumber, 75 — total, 99. Capital
stock ($100 shares) authorized and paid in, $50,000.
Operations, year ending June 30, 1902. — Earnings (passenger, $315; freight, $39,332; other,
$4,852), $44,499. Operating expenses, $34,764. Surplus for year, $9,735.
Directors. — E. L. Russell, Henry Tacon, Saffold Berney, Mobile, Ala. ; Henry C. Flower, James
W. S. Peters, C. W. Ogden, H. B. Leavens, Kansas City, Mo. OFFICERS: HENRY C. FLOWER, Pres.;
James W. S. Peters, Vice-Pres.; H. B. Leavens, Sec. & Treas.; C. W. Ogden, Aud., Kansas City, Mo.
GENERAL OFFICE, Mobile, Ala.
TREMONT AND GULP RR. — Tremont to Eros, La., 20 m. ; Eros to Dally, La., 10 m. —
total, 30 miles. Gauge, 4 ft. 8 in. Rail (steel), 60 Ibs. Locomotives, 5. Cars — passenger, 2;
baggage, etc., 1 ; freight, 2 ; other, 42 — total, 47. Chartered July, 1902 ; road in operation as
above prior to July 1, 1903. An extension is under construction from Eros south to Hoods Mills,
about 20 miles. Capital stock paid in ($500,000 auth.), $200,000.
Directors. — Robert H. Jenks, Cleveland, O. ; W. G. Collar, H. H. Denison, W. W. Davis,
Tremont, La. ; J. M. Jenks, Chicago, 111. OFFICERS : ROBERT H. JENKS, Pres., Cleveland, O. ;
W. G. Collar, Vice-Pres.; W. W. Davis, Treas.; H. H. Denison, Sec., Tremont, La. GENERAL
OFFICE, Tremont, La.
TUSKEGEE RR. — Tuskegee to Chehaw, Ala., 5.5 miles. Gauge, 4 ft. 8J in. Rail (steel),
56 Ibs. Chartered Feb. 20, 1860 ; reorganized after sale in 1871 by the present copartnership, com-
posed of E. T. Varner, Mrs. L. V. Alexander, and Campbell & Wright, each owning one-third inter-
est. The road is run as a copartnership business, no stock issued and no directors elected. Loco-
motive, 1. Cars — passenger, 2; freight (box), 1 — total, 3.
Operations, year ending June SO, 1902. — Earnings (passenger, $7,948; freight, $13,120),
$21,068. Operating expenses, $11,401. Net earnings, $9,667. Payments : Dividends, $3,300 ;
other charges, $554 — total, $3,854. Surplus, $5,813.
General Balance Sheet (latest rendered), June 30, 1900. — Capital stock, $60,469; lands
owned, $480 ; profit and loss, $3,839 — total, $64,788. Contra : Cost of road and equipment, $60,469 ;
lands owned, $480 ; cash, $3,839 — total, $64,788.
Officers. — E. T. VARNER, Pres.; W. H. Wright, Sec., Treas. & Gen. Mgr., Tuskegee, Ala.
GENERAL OFFICE, Tuskegee, Ala.
UNION SPRINGS AND NORTHERN RY.— Union Springs to Fort Davis, Ala., 8
miles. Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered March, 1901; road in operation July
1, 1902. Trains are run into Montgomery, Ala., 47 miles, under an agreement with the Seaboard
Air-Line RR. Locomotives, 2. Cars — passenger, 2 ; baggage, etc., 1 ; flat, 1. Capital stock, $100,-
000. Funded debt, $75,000 ($1,000,000 auth.) 1st gold 5s of May 1, 1931. Total stock and bonds,
$175,000. Cost of road to date, $90,000. The directors have been authorized to issue $1,000,000
bonds to provide for the extension of the road from Fort Davis to Rockford, Ala., 60 miles.
Directors. — W. M. Blount, B. F. Eley, Hugh Foster, J. M. Ellis, C. E. Gholston, P. F. Miles.
W. M. Pitts, J. H. Eley, G. H. Walker, E. L. Blue, A. E. Singleton, Union Springs, Ala. OFFICERS:
W. M. BLOUNT, Pres. ; J. H. Eley, Treas. ; Hugh Foster, Sec., Union Springs, Ala. GENERAL OFFICE,
Union Springs, Ala.
CENTRAL NORTHERN GROUP— States of Ohio, Michigan,
Indiana, Illinois and Wisconsin.
ANN ARBOR RAILROAD COMPANY.
(For map of this road, see page 325).
1. History.— Reorganization, Sept. 21, 1895, of the Toledo, Ann Arbor and North
Michigan Ry. Co. (See MANUAX for 1895, page 907.) The company operates three car
326
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
ferries on Lake Michigan, which afford connection with the Chicago, Milwaukee and St.
Paul, Chicago and Northwestern, Wisconsin Central, and Canadian Pacific systems, and
with the Kewaunee, Green Bay and Western RR., and the Wisconsin and Michigan Ry.
2. Line of Road.— Toledo, O., to Frankfort, Mich 291.9 miles.
Sidings, etc., 93.45 miles. Gauge, 4 ft. 8% in. Rail — iron, 45 Ibs.; steel (291.9 m.), 56,
60 and 70 Ibs.
3. Rolling Stock, June 30, 1902. — Locomotives, 46. Cars — passenger (coaches,
12; parlor, 2; sleepers, 2), 16; combination, 6; baggage, mail, and express, 5; freight
(box, 1,708; flat, 245; gondola, 200; furniture, 72; vegetable, 68), 2,293; service, 50 —
total, 2,370. Also 3 transfer steamers.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 422,028;
freight, 714,385 — total, 1,136,413 miles. Passengers carried, 451,208; carried one mile,
16,425,730; average mile rate, 2.25 cents. Tons freight moved, 1,594,917; moved one mile,
200,264,691; average ton-mile rate, 0.68 cent.
EARNINGS. 1900-01 1901-02
Passenger $347,18081 $375,52271
Freight 1,258,22377 1,365,59378
Mail and Express 49,17711 50,94955
Miscellaneous 99,566 42 101,343 88
Totals $1,754,148 11 $1,893,409 92
Averages per Mile 6.00941 6,48650
EXPENSES.
Mnint. of Way and Structures
Maintenance of Equipment
Conducting Transportation.
General Expenses
1900-01
$348,692 26
304,701 96
602,841 76
52,926 52
1901-02
$411,19683
267,96392
634,67084
59,22427
Totals $1,309,162 50 $1,373,055 86
Averages per Mite 4,48497 4,70385
Net earnings, 1901-02 (27.48 p. c.), $520,354.06. Payments: Interest on funded debt,
$280,000; interest and discount, $185.20; taxes, $52,311.90 — total, $332,497.10. Surplus,
$187,856.96; surplus forward, $310,157.58 — total, $498,014.54.
4a. Earnings and Expenses, Supplementary Statement, year ending June
30, 1903. Earnings — passenger, $419,665.02; freight, $1,414,416.21; mail and ex-
press, $53,468.64; miscellaneous, $149,664.72 — total, $2,037,214.59. Expenses — main-
tenance of way, etc., $376,076.53; maintenance of equipment, $291,002.29; transportation,
$720,093.73; general, $56,588.10— total, $1,443,760.65. Net earnings, $593,453.94.
5. General Balance Sheet, June 30, 1902.
Cost of Road $13,522.63535
Cost of Equipment 928,88390
T.,A.A. & N.M. Ry. & Receivers' Acct. 14,958 26
Current Assets 464,180 57
Cash 215,750 94
Total Assets $15,146,409 02
Common Stock ($100 shares) $3,250,00000
Pref. Stk.5 p. c. non-cum.( $100 shares) 4,000,00000
Bonds (1st gold 4s of July 1, 1995) 7,000,00000
Current Liabilities 255,70452
Bond Interest Accrued 75,940 00
State of Michigan, Taxes 66,749 96
Profit and Loss 498,01454
Total Liabilities $15,146,40902
<>. Capitalization, cost
ending June 30:
of property and results from operation for five fiscal years
Capital
Bonded
Cost of
RR.
Gross
Expenses
Net
Years.
Stock.
Debt.
Road, etc.
Oper.
Earnings.
A Taxes.
Earnings,
$
$
$
Miles
$
$
$
1898..
7,250.000
7,000,000
14,472,840
291.90
1,415,559
1,065,831
349,728
1899..
7,250,000
7,000,000
14,451,519
291.90
1,519,334
1,212,544
306,790
1900..
7,250,000
7,000,000
14,451,519
291.90
1,721,454
1,370,024
350,830
1901..
7,250,000
7,000,000
14,451,519
291.90
1,754,148
1,358,8%
395,252
1902..
7,250,000
7,000,000
14.451.519
291,90
1,893,410
1,425,368
468,042
Interest Total Balance.
Bonds. Paym'ts. (-for — )
280,000 287,136 -f 62,592
280.000 288,803 +17,987
280,000 283,805 467,025
280,000 281,331 -fl!3,921
280,000 280,185 4187,857
7. Directors (elected Sept. 16, 1902). — Term expires Sept., 1903: J. Edward Sim-
mons, Daniel C. Tate, New York, N. Y.; S. C. Reynolds, Toledo, 0.; Ammi W. Wright,
Alma, Mich. Term expires Sept., 1904: Wellington R. Burt, Saginaw, Mich.; Cyrus J.
Lawrence, Franklin B. Lord, New York, N. Y. ; H. W. Ashley, Toledo, O. Term expires
Sept., 1905: George J. Gould, A. W. Krech, Joseph Ramsey, Jr., New York, N. Y.
JOSEPH RAMSEY, JB., President New York, N. Y.
Cyrus J. Lawrence, V 'ice-President
Secretary — D. C. Tate New York, N. Y. | Treasurer — H. B. Henson New York, N. Y.
OFFICE AND ADDRESS Toledo, 0.
POOR S MANUAL OF RAILROADS.
327
CHICAGO AND ALTON RAILWAY COMPANY (THE).
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 9
Directors and Officers 12
Earnings, Expenses, etc, 1902 5
Earnings, etc., 1901-1902 7
Funded Debt, Details of 10
Gen Bal. Sheet, June 30, 1902. 8
Gen. Bal. Sheet, 1901-1902.... 7
Income Acct., year 1901-1902. 5
History 3
Leased Lines, Statements of. 11
Lease Rental, C. & A. RR. .. 6
Mileage Operated 1
Operations, etc., 1901-1902 7
Rolling Stock 4
Track Mileage 2
1. Mileage Operated, June 30, 1902:
A. LINE OWNED : Springfield to Grove, 111 57.56 miles.
B. LEASED LINES (total, 844.71 miles) :
Chicago and Alton RR.: (see separate statement, for details) 543.86 "
Joliet and Chicago RR. : Joliet to Chicago, 111 37.20 "
Kansas City, St. Louis and Chicago RR.: Mexico to Kansas City, Mo. .. 161.90 "
Louisiana and Missouri River RR.: Louisiana to Cedar City, Mo 101.75 "
O. TRACKAGE EIGHTS (total, 17.37 miles) :
Toledo, Peoria and Western Ry.: Washington to Peoria, 111 11.50 "
Peoria and Pekin Union Ry. : Grove to Peoria, 111 5.18 "
Hannibal & St. Joseph RR. : Bridge Jc. to Union Depot, Kan. Cy., Mo.. 0.69 "
Total length of lines operated, June 30, 1902 919.64 miles.
2d track, 110.06 m. ; sidings, 285.86 miles. Gauge, 4 ft. 8y2 in. Rail, 50 to 80 Ibs.
2. Track Mileage. — The following is a statement of track mileage owned and leased
by the company on June 30, 1902, trackage rights being omitted. The lines are shown
by operating divisions of the system and without reference to their ownership :
Length
of Line.
Second
Track.
Side
Tracks.
Total
Track.
Steel
Rails.
Springfield, 111. to Grove, 111
M.
57.56
M.
M.
10.30
M.
67 86
M.
67 86
Chicago 111. to East St. Louis, 111
279.95
110.06
170.70
560.71
560 71
Coal City Line — Joliet, 111., to Mazonia, 111
24.79
7.61
32.40
32 40
Dwight, 111., to Washington and Lacon, 111
80.50
7.65
88.15
88 15
Roodhouse 111., to Kansas City, Mo
251.17
64.33
315.50
315 50
Bloomington, 111., to Godfrey, 111
150.60
21.47
172.07
172.07
Godfrey, 111., to Wann, 111
7.60
1.02
8.62
8.62
50.10
2.78
52 88
52 88
902.27
110.06
2S5.86
1,298.19
1,298.19
2a. Additional Double Track. — In addition to the above, the line between Wann
and East St. Louis, 17.85 miles, is operated jointly with the Cleveland, Cincinnati, Chi-
cago & St. Louis Ry. Co. as a double track, each company owning and maintaining one
track. This makes the actual second track mileage in operation 127.91 miles. The
loop lines made by the Coal City Branch and Alton cut-off and San Jose-Sherman line
make, for operating purposes, the equivalent of 85.3 miles more of double track, or a
total of 213.21 miles.
2b. CMcagO-Peoria Line. — Under a contract that has been in effect since Sept. 29.
1895, the company runs trains daily between Chicago and Peoria, using the Chicago and
Alton RR. between Chicago and Washington, 143.4 miles, and the Toledo, Peoria and
Western RR. between Washington and Peoria, 12 miles.
3. History. — Incorporated under the laws of Illinois on April 2, 1900, and pur-
chased the property of the St. Louis, Peoria and Northern Ry. Co. (see MANUAL for 1899.
page 1422), between Springfield and Peoria, 111. The company also acquired more than 98
p. c. of the capital stock of the Chicago and Alton RR. Co. A lease of the Chicago and Alton
RR. and leased lines, for a term of 99 years, was taken on April 3, 1900, this company
agreeing to pay as rental ( 1 ) the interest on the bonds of the Chicago and Alton RR.
Co. ; ( 2 ) the rentals payable by the Chicago and Alton RR. Co. under the leases of Joliet
and Chicago RR., Kansas City, St. Loiiis and Chicago RR., and Louisiana and Missouri
River RR. ; (3) taxes, and (4) the surplus net earnings of the leased properties.
328
POOR S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
4. Rolling Stock, June 30, 1902. — Locomotives, 204. Cars — passenger (coach, 64;
chair, 36; coach and chair, 4; coach, baggage, and mail, 24; cafe and smoking, 9; dining,
2), 139; baggage and mail, 50; freight (box, 4,679; stock, 753; coal, 4,103; flat, 550),
10,085; service, 261 — total, 10,535. There are included under the head of coaches, 3 road-
way bunk cars and 3 miners' cars, and under the head of coal cars there are included 72
cinder cars.
5. General Income Account, year ending June 30, 1902.
EARNINGS.
Passenger $2,578,468 24
Freight 6,127,504 &8
Mail and Express 439,559 28
Miscellaneous 80,207 14
Total ( $10,031.90 per mile) $9,225,739 24
Net Earnings (34.71 p. c.) $3,201,81989
Dividends Received 1,525,62200
Miscellaneous Income 2,51708
Total Net Income $4,729,958 97
EXPENSES.
Maint. Way and Structures $959,33073
Maint. of Equipment 1,042,078 41
Conducting Transportation 3,797,47529
General Expenses 225,034 92
Total ($6,550.30 per mile) $6,023,91935
Taxes and Other Expenses $348,157 86
Payments Under Lease 2,786,460 11
Interest on 1st Lien Bonds 770,000 00
Dividends on Preferred Stock (4 p. c.) 781,76000
Total Deductions $4,686,377 97
Surplus for year, $43,581; surplus to June 30, 1901, $456,576.03 — total, $500.157.03.
6. Payments Under Lease.— Interest on $32,000,000 C. & A. RR. Co. 3 p. c. re-
funding bonds, $959,790; dividends on stocks of leased lines, $237,027; balance of net
earnings, $1,589,643.11— total, $2,786,460.11.
7. Statement showing the results of operation and the general account for two fiscal
years ending June 30 :
1901
1902
1901
1902
Miles Road Operated (aver.)
919.64
2,741,126
2,859,947
919.64
2,787,156
2,857,136
Net Tra^c Earnings
$
3,4-10,987
1,531,381
$
3,201,820
1,528,139
Other Income
Total Revenue Mileage.
4,972,368
330,427
3,023,033
770,000
(4) 781,760
4,729,959
348,158
2,786,460
770,000
(4) 781,760
5,601,073
2,353,228
132,887,965
4,6*5,120
823,069,718
$
2,573,175
5,954,141
509,339
5,644,292
2,495,905
138,591,837
4,922,391
902,745,440
$
2,578,468
6,127,505
519,766
Taxes and Other Expenses
Preferred Dividends
Total Payments
4,905,220
67,148
19,544,000
19,542,800
22,000,000
5,984,790
463,071
4,686,378
43,581
19,544,000
19,542.800
22,000,000
5,752,289
500,157
Balance Surplus
Freight
Preferred Stock
Other
Gross Traffic Earnings
9,036,655
5,595,668
9,225,739
6,023,919
Funded Debt
Operating Expenses
Other Liabilities
3,440,987
9,826 30
6,443 93
3,382 37
61.92 p.c.
1.94 c.
0.72 c.
3,201,820
10,031 90
6,55030
3,48160
65.29 p.c.
1.86 c.
0.68 c.
Total Liabilities
67,534,661
61,148,812
292,738
6,093,111
67,339,246
61,152,660
456,073
5,730,513
Operating Expenses per Mile. . . .
Expenses to Earnings
Earnings per Pass, per Mile
Total Assets
67,534,661
67,339,246
8. General Balance Sheet, June 30, 1902.
Property and Investment Account $61,152,66001
Advances to C. & A. RR. Co. (net)... 4,490,94379
Materials and Supplies 456,07330
Cash on Hand.
Current Accounts
Contingent Assets
393,099 57
503,701 69
342,767 39
Preferred Stock Paid in $19,544,00000
Common Stock Paid in 19,542,800 00
Funded Debt Outstanding 22,000,000 00
Assets Taken Over from C.&A.RR.Co.. 3,409,680 20
Current Liabilities 2,237,90533
Deferred Liabilities 98,082 08
Renewal and Replacement Funds 6,62111
Profit and Loss 500,15703
Total Assets $67,339,24575 Total Liabilities $67,339,24575
0. Capital Stock — Capital stock authorized, $40,000,000, consisting of $20,000,000 pre-
ferred stock and $20,000,000 common stock; shares, $100 each. Capital stock paid in (preferred,
POOR'S MANUAL CHICAGO AND ALTON RY. CO. (THE).
329
$19,544,000; common, $19,542,800), $39,086,800. Preferred stock is entitled to 4 p. c. non-cumu-
lative dividends, but to no further share of the yearly net profits. In case of liquidation or disso-
lution of the company it has priority over common stock to the amount of its full par value, but is
entitled to no further share of the assets.
1O. Funded Debt. — Funded debt, authorized and outstanding, consists of $22,000,000 1st
lien gold 3|s of July 1, 1950, secured by deposit of practically all of the capital stock of the Chicago
and Alton RR. Co., and by a direct first lien on the line from Springfield to Grove, 111., 57.43 miles.
The bonds are redeemable on any interest day at par and accrued interest, on six months' notice.
The capital stock of the Chicago and Alton RR. Co. owned by this company and deposited as addi-
tional security under the first lien mortgage consists of $3,472,200 preferred stock and $38,322,400
common stock, out of a total issue of $3,479,500 preferred stock and $18,751,100 common stock. The
first lien mortgage provides that the Chicago and Alton Ry. Co., as holder of the stock of the Chicago
and Alton RR. Co., will not give its consent to the issue of any bonds under the refunding mortgage
of the latter in excess of the $40,000,000 now authorized, except when such additional issue is ex-
pressly authorized by a three-fourths vote of the entire board of directors of the Chicago and Alton
RR. Co. and approved by a three-fourths vote of the entire board of directors of the Chicago and
Alton Ry. Co.
11. RAILROADS LEASED BY THE
CHICAGO AND ALTON RR. — Joliet to East
St. Louis, 111., 242.75 m. ; Godfrey to Bloomington,
111., 150.6 m. ; Godfrey to Wann, 111., 7.6 m. ; Rood-
house to Quincy June., 111., 37.62 m. ; Joliet to
Mazonia, 111., 24.79 m. ; Dwight to Washington,
111., 70.5 m. ; Varna to Lacon, 111., 10 m. — total,
543.86 miles. Rail (steel), 60 to 80 Ibs.
HISTORY. — Organized on Feb. 16, 1861, In pur-
suance of a plan for reorganization of the St.
Louis, Alton and Chicago RR. Co. (See MANUAL
for 1884, page 664.) The Mississippi River Bridge
Co. was absorbed on April 29, 1895. The Joliet and
Chicago RR., the Kansas City, St. Louis and Chi-
cago RR. and the Louisiana and Missouri River
RR. are leased in perpetuity by this company on
terms given in the statements for those roads.
The Chicago and Alton RR., including the leased
lines, is leased to the Chicago and Alton Ry. Co.,
for 99 years from April 3, 1900, at a rental equiva-
lent to the surplus net earnings of the leased
properties after deducting interest on this com-
pany's funded debt, rentals of its leased lines,
and taxes (see lessor's statement, Sec. 6).
FINANCIAL STATEMENT. — This company
has not published a balance sheet of later date
than June 30, 1900, for which see MANUAL for
1901, page 663. At that date the capitalization of
the company was as follows: Capital stock (com-
mon, $18,751,100; preferred, $3,479,500), $22,230,600;
funded debt, $40,584,850 — total, $62,815,450. The
funded debt consisted of (1) $32,000,000 refunding
gold 3s of Oct. 1, 1949; (2) $4,379,000 consol. gold
6s of July 1, 1903; (3) $1,663,000 sinking fund gold
6s of May 1, 1903 ; (4) $1,785,000 L. & M. R. 1st 7s
of Aug. 1, 1900; (5) $300,000 L. & M. R. 2d 7s of
Nov. 1, 1900; and (6) $457,000 M. R. Bridge 1st 6s
of Oct. 1, 1912, guaranteed and assumed by the
Chicago and Alton RR. Co. The refunding 3 p. c.
bonds are secured on the entire corporate property
and franchises of the company, subject to prior
liens. The authorized issue is $40,000,000, but power
is reserved in the mortgage to issue additional
bonds, if duly authorized by three-quarters in
interest of the stockholders, (a) for building,
completing or acquiring extensions of the com-
pany's railroad — such additional issue not to ex-
ceed the rate of $20,000 per mile of main track,
excluding sidings or switches, and to apply to
not exceeding 500 miles of such additional main
track; (b) for funding the rental obligations of
RAILROADS LEASED TO
Joliet and Chicago RR — Joliet to Chi-
cago, 111. (double), 37.20 miles. Forms part of
the C. & A.'s Chicago-St. Louis through line.
Organized Feb. 15, 1855 ; opened July 4, 1856.
Leased in perpetuity, Jan. 1, 1864, to the C. & A.
Co. ; annual rental, 7 p. c. on stock, and $1,800
for organization expenses.
Capital stock ($100 shares), $1,500,000. Cost of
road, etc., $2,000,000.
S. M. Felton, Pres. ; H. E. R. Wood, Sec. &
Treas. Office, 407 Monadnock Bldg., Chicago, 111.
K a ii N:I s City, St. Louis and Chlcagro RR.
— Mexico to Kansas City, Mo., 161.82 miles. Rail
(steel), 70 Ibs.
Organized in 1877. Road opened throughout on
CHICAGO AND ALTON RY. Co.
the company upon its leased lines, and (c) for
future betterments not exceeding $5,000,000, such
issue to be at the rate of not exceeding $1,000,000
per annum, from and after Jan. 1, 1900. The
mortgage securing the bonds will become an ab-
solute first mortgage upon the payment of the
underlying bonds of the company. From the pro-
ceeds of the refunding bonds outstanding an
amount sufficient for the retirement of the under-
lying bonds has been deposited with the mortgage
trustee. The unissued bonds are reserved for im-
provements, betterments, extensions, etc. In ad-
dition to being a direct mortgage lien on the prop-
erty owned by the Chicago and Alton RR. Co.,
the refunding 3 p. c. bonds are also secured by
deposit of the following bonds and stocks with the
trustee under the mortgage : $3,000,000, being the
entire issue, of 1st mtge. bonds of the Kansas
City, St. Louis and Chicago RR. Co., subject to
their pledge as security for the sinking fund 6
p. C. bonds ; $989,300 out of $1,010,000 preferred
stock, and $2,269,800 out of $2,312,700 common stock,
of the Louisiana and Missouri River RR. Co. ;
$157,600 of the common stock ( out of a total share
capital of $2,021,800) of the Kansas City, St. Louis
and Chicago RR. Co. ; $300,000, being the entire
capital stock, of the Mississippi River Bridge
Co. ; $138,000 out of $447,000 1st mtge. bonds of the
Mississippi River Bridge Co. ; $45,000 of the capi-
tal stock (out of a total of $495,000) of the Union
Depot Co. of Kansas City ; and $25,000 out of a
total of $36,000 1st mtge. bonds of the Pawnee RR.
Co. The consol. 6 p. c. sterling bonds (author-
ized £1,600,000, or $8,000,000) are secured on main
line and Washington Branch, 323.30 miles. The
preferred stock is entitled to preference for divi-
dends up to the rate of 7 p. c. per annum, non-
cumulative, and to share pro rata with common
stock in any dividend in excess of 7 p. c. per
annum on the entire capital stock.
BONDS RETIRED. — The L. & M. R. 1st and 2d
mtge. bonds, and the C. & A. sinking fund 6s of
May 1, 1903, were retired at maturity, and the
C. & A. consol. 6s of July 1, 1923, were being re-
tired when this part of the Manual was sent to
press.
CORPORATE OFFICERS. — S. M. Felton, Pres. ;
H. E. R. Wood, Treas., Chicago, 111. ; Alex. Mil-
lar, Sec., New York, N. Y. Office, 120 Broadway,
New York, N. Y.
THE C. & A. RR. Co.
May 1, 1879. Leased in perpetuity, Nov. 1, 1879,
to C. & A. RR. Co. ; rental, 35 p. c. of gross earn-
ings, less assessments and taxes. If 35 p. c. is in
excess of the amount required to pay interest on
bonds, 6 p. c. on preferred stock, and 7 p. c. on
common stock, after deducting taxes, etc., all
excess must go to the C. & A. RR. Co.
Capital stock ($100 shares) — common, 7 p. c.,
$271,800 ; preferred, 6 p. c., $1,750,000 ; funded debt
(1st 7s of May 1, 1903), $3,000,000 — total, repre-
senting cost of property, $5,021,800. The bonds
are deposited with the U. S. Trust Co., as se-
curity for an issue of a like amount of 6 p. c.
bonds of the C. & A. RR. Co. of the same date.
S. M. Felton, Pres. ; Charles H. Davis, Sec., Chi-
330
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
cago, 111. ; R. D. Yoakum, Asst. Sec., St. Louis,
Mo. Office, Carleton Bldg., St. Louis, Mo.
Louisiana and Missouri River UK. —
Louisiana to Cedar City, Mo., 100.99 miles.
Chartered March 24, 1868 ; road opened Oct. 29,
1871. Leased in perpetuity, Aug. 1, 1870, at a
rental of 35 p. c. of gross earnings after deduct-
ing taxes and assessments. On Nov. 13, 1894, the
lease was modified, whereby the lessee agreed to
pay the coupons of the 1st and 2d mtge. bonds as
they accrue, and the principal when due ; 7 p. c.
dividends on the $329,000 guaranteed preferred
stock, and to discharge the floating debt, no fur-
ther amount to be paid for the future use of the
property. Each shareholder of the L. & M. R. RR.
Co. has a right to sell his stock to the lessee at
$29.50 per share for preferred stock, and $10 per
share for common.
Common stock, $2,312,700 ; preferred stock, $1,-
010,000 ; preferred 7 p. c. stock, guaranteed by C.
& A. RR. Co. (interest Feb. and Aug.), $329,000 —
total, $3,651,700. All of the common and preferred
stock is now held by the C. & A. RR. Co., except
313 shares of common and 167 shares of preferred.
The bonded debt was retired at maturity.
H. W. Phelps, Pres., St. Louis, Mo. ; H. E. R.
Wood, Sec. & Treas., Chicago, 111. Office, Carle-
ton Building, St. Louis, Mo.
113. Board of Directors, Chicago and Alton Ry. Co., elected Oct. 7, 1902.
E. H. HABRIMAN, Chairman New York, N. Y.
E. H. Harriman. .Arden, N. Y.
John J. Mitchell. . . Chicago, 111.
Norman B. Ream.
C. H. Chappell... Chicago, 111.
F. S. Winston
S. M. Felton
James B. Forgan. Chicago, 111.
David R. Francis. St. Louis.Mo.
Geo. J. Gould.. Lakewood, N. J.
Mortimer L. Schiff New York, N. Y. | James Stillman New York, N. Y.
S. M. FELTON, President Chicago, 111.
Wm. D. Cornish, Vice-President New York, N. Y.
Secretary — Alex. Millar New York, N. Y.
Comptroller — Wm. Mahl
Gen. Auditor — Erastus Young Omaha, Neb.
Treasurer — F. V. S. Crosby New York, N. Y.
Asst. Treas. — H. E. R. Wood Chicago, 111.
Aud. & Asst. Sec. — Charles H. Davis.
PRINCIPAL OFFICE AND ADDRESS 120 Broadway, New York, N. Y.
CHICAGO AND NORTHWESTERN RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFEEENCES TO NUMBERS OF SECTIONS.
Bonds Held in Treasury 12
Bonds in Sinking Funds.-... 11
Bonds to be Refunded 13
Capital Stock 8
Contracts and Agreements. . . 4
Directors and Officers 17
Earnings, Expenses, etc 6
Lines Oper'd. May 31, 1902.. 3
Leased Lines, Statements of. 16
Mileage and Equip., 1896-1902. 14
Mileage Oper'd. May 31, 1902. 1
Operations, 1896-190C 14
Rolling Stock B
Funded Debt, Details of 9
Gen. Bal. Sheet.May 31, 1902.. 7
Gen. Bal. Sheet, 1896-1902.... 14
Guaranties 10
History 2
Income Acct, May 31, 1902. . 6
Land Department 15
1. Mileage Operated, May 31, 1902.
LINES OWNED: In Illinoia, Wisconsin, Michigan, Iowa, Minne-
sota, South Dakota, North Dakota, and Nebraska (see
Sec. la) 5,875.20 m.
Deduct: California Jc., la., to Fremont, Neb., (leased to
F. E. & M. V. RR. Co.) 31.77 m.— 5,843.43 miles.
PBOPBIETARY LINE: Princeton and Western RR.: Junction to Necedah, Wis. 16.06 "
LEASED LINE: St. Paul Eastern Grand Trunk Ry. (see statement in Sec. 16) 60.02
TRACKAGE RIGHTS : Peoria and Pekin Union Ry. : In Peoria, 111 2.02 "
Total length of lines operated, May 31, 1902 5,921.53 miles.
2d track, 796.90 m.; sidings, 2,120.17 miles. (The mileage of sidings includes 39.93 m. of
spur tracks on the Ashland Division that are leased to manufacturing companies, and 6.59
m. between California Junction and Fremont, leased to the F. E. & M. V. RR. Co.) Gauge,
4 ft. &l/2 in- Rail in main and 2d tracks (steel — owned, 6,490.77 m. ; proprietary, 16.06 m. ;
leased, 60.79 m.— total, 6,567.62 miles), 72, 80, and 90 Ibs.
2. History. — Organized on June 6, 1859, to take title to the property of the Chicago,
St. Paul and Fond du Lac RR. Co., which was sold under foreclosure on June 2, 1859. The
railroad then extended from Chicago, 111., to Fond du Lac, Wis., a distance of 177 miles.
The system has been enlarged from time to time through the acquisition of other railroads
or through extensions built chiefly by proprietary companies, all of whose stocks and
bonds^ were owned by the Chicago and Northwestern Ry. Co. In the MANUAL for 1885,
on pages 656-658, is a detailed history of the system brought down to the year 1885, and
in subsequent editions later developments are recorded. (See MANUAL for 1902, page 314.)
Additional Mileage Constructed. — During the fiscal year ending May 31, 1902, the
following new lines were completed and put in operation : Branch from Pelican to Cran-
don, Wis., 17.84 miles, opened Oct. 5, 1901 ; Princeton and Northwestern Ry., from Prince-
ton to Marshfield, Wis., 85.69 miles, opened throughout Dec. 2, 1901; Red Granite Branch
POOR'S MANUAL — CHICAGO AND NORTHWESTERN RY. CO. 331
of Princeton and Northwestern Ry., 7.85 miles, opened Sept. 2, 1901; Nekoosa Branch of
Princeton and Northwestern Ry., 6.88 miles, opened March 3, 1902; Peoria and North-
western Ry., from Nelson to Peoria, 111., 82.98 miles, opened Jan. 19, 1902. Upon the
completion of its line to Peoria the company became a tenant of the Peoria and Pekin
Union Ry. Co., thereby securing the use, jointly with other railways, of the extensive
terminal and other facilities of the Peoria and Pekin Union Ry. Co. in the city of Peoria,
including the joint use of the Union Passenger Depot and of the tracks to the various
important industries in that city.
Acquisition of Sioux City and Pacific RR. — The Sioux City and Pacific RR. Co. was
organized under the laws of the State of Iowa on Aug. 1, 18G4, and was one of the
so-called "Pacific Railroads" which received aid from the United States Government, in
United States subsidy bonds issued under the Acts of Congress of July 1, 1862, and July
2, 1864. On June 20, 1901, the Chicago and Northwestern Ry. Co. purchased of the
United States all the claims, rights and demands of the latter against the Sioux City and
Pacific RR. Co., the consideration being $1,872,000 in cash and the surrender of $250,-
841.24 which had been earned by the Sioux City and Pacific RR. Co. in transportation
service for the United States, but which had been retained on account of the indebtedness
of the company. On Aug. 1, 1901, the Sioux City and Pacific RR. Co. issued its 1st mort-
gage 3J^ p. c. gold bonds, maturing on Aug. 1, 1936, to the aggregate amount of $4,000,000,
the proceeds of which were used in settlement of its indebtedness as follows: On account
of the retirement of its 1st mortgage bonds of 1898, $1,628,000; on account of settlement
of United States Government claims, $1,872,000; for cost of constructing an extension
from Sargents Bluff to Moville, la., 20 miles, including cost of equipment, $500,000 —
total, $4,000,000. On Aug. 28, 1901, the Sioux City and Pacific RR. Co. sold and con-
veyed its railroad property (including the extension to Moville) to the Chicago and North-
western Ry. Co., the latter assuming the $4,000,000 1st mortgage bonds and making
them a part of its bonded indebtedness. The lines from Sioux City, la., to Fremont, Neb.,
and branch from California Junction to Missouri Valley, la., were taken over for oper-
ation by the Chicago and Northwestern Ry. Co. on Aug. 9, 1901, but on Sept. 1, 1901, the
section from California Junction, la., to Fremont, Neb., 31.77 miles, was transferred by
lease to the Fremont, Elkhorn and Missouri Valley RR. Co., that company also to have
joint use of the line from California Junction to Missouri Valley, la. The newly-
constructed branch of the Sioux City and Pacific RR., from Sargents Bluff to Moville,
la., 20 miles, was opened for traffic on Nov. 25, 1901. Although the property of the Sioux
City and Pacific RR. Co. has been purchased and its bonds assumed by the Chicago and
Northwestern Ry. Co., there has been no merger of the two corporations. The Sioux City
and Pacific RR. Co. still remains a distinct entity. Its preferred stock, of which $96,500
remains outstanding, and on which dividends at the rate of 7 p. c. per annum are paid,
is included in the funded debt of the Chicago and Northwestern Ry. Co. (see Section 9).
Minnesota Western Ry. — Under the charter of the Minnesota Western Ry. Co. the
construction of a line from Evan to Marshall, Minn., 45.82 miles, was commenced in Aug.,
1901. At the annual meeting of the Chicago and Northwestern Ry. Co., held June 5, 1902,
the officers of the company were authorized to acquire title to the Minnesota Western Ry.
by a proper and sufficient conveyance. The road was completed and opened for traffic on
Aug. 13, 1902. The cost of it to May 31, 1902, $497,353.64, was deducted from the sur-
plus net earnings for the fiscal year, being included in the item "Appropriated for Con-
struction, etc.," in Section 6.
Chicago, Iowa d Dakota Ry. — Late in 1901 the company purchased all the capital
stock and all the bonds of the Chicago, Iowa and Dakota Ry. Co., taking possession of the
property on Jan. 1, 1902. There has been no merger of the corporations, and the results
from the operation of the Chicago, Iowa and Dakota Ry. are not included in this state-
ment, although the road is operated by the Chicago and Northwestern Ry. Co. (see
separate statement in Section 16).
(Continued on page 332. )
332
POOR'S MANtJAL OB* BAILROADS CENTRAL NORTHERN
3. Lines of Road — Statement showing by operating divisions the lines of railroad
operated by the Chicago and Northwestern Ry. Co. on May 31, 1902 1
WISCONSIN DIVISION (324.55 miles) : Miles.
Chicago to Fond du Lac Jc. (via Milw.) 147.63
Kenosba to Rockford 72.10
Chicago to Janesville 91.93
Mayfair to Central Street (Evanston).. 7.69
North 40th Avenue, Chicago, to Mayfair. 5.20
NORTHERN WISCONSIN DIVISION (332.72 miles) :
Janesville to Green Bay 150.27
Appleton Extension (to Water Power). 3.63
Sheboygan to Marshfleld 164.09
Red Granite Junction to Red Granite 7.85
Nekoosa Junction to Nekoosa 6.88
GALENA DIVISION (490.76 miles) :
Chicago to East Bank Mississippi River,
opposite Clinton 137.00
Chicago to Freeport 121.00
Elgin to Williams Bay 51.04
St. Charles to Aurora 11.80
Cortland to Sycamore 4.64
Belvidere to Spring Valley 75.78
Chicago So. Branch Track, June, to Riv. 4.50
Nelson to Peoria (Including 2.02 miles
of Trackage) 85.00
IOWA DIVISION (560.73 miles) :
East Bank of Mississippi River to Mis-
souri River, opposite Omaha 354.00
Clinton to Quarry, beyond Anamosa 73.57
Stanwood to Tipton 8.50
Des Moines to June, with Northern
Iowa Division 57.34
Carroll to Harlan 41.11
Junction near Manning to Audubon 17.00
Cedar Rapids Cut-Off 5.96
Boone to Coal Banks 3.25
IOWA AND MINNESOTA DIVISION (326.75 miles) :
Belle Plaine to Muchakinock 64.00
Belle Plaine to Sanborn 241.20
Starke to end of track beyond Buxton. . . 21.55
NORTHERN IOWA DIVISION (357.17 miles) :
Tama to Elmore 164.56
Eagle Grove to Iowa State Line near
Hawarden 145.20
Jewell Jc. to junc. with Des Moines Line 1.75
Burt to Fox Lake 45.66
Sioux CITT DIVISION (416.15 miles) :
Jewell Junction to On aw a 141.53
Maple River Junction to Carnarvon 13.00
Wall Lake to Sargents Bluff 99.87
Wall Lake to Denison 24.80
Boyer to Mondamin 61.30
Missouri Valley to Sioux City 75.65
MADISON DIVISION (509.27 miles) :
Belvidere to Winona 227.00
Evansville to Janesville 15.68
Afton to Janesville 6.10
Medary to La Crosse 3.96
Trempealeau to Galesville 6.71
Necedah Junction to Necedah 16.06
Miles.
Milwaukee to Montfort 140.88
Galena to Woodman 76.84
Ipswich to Platteville 4.00
Lancaster Junction to Lancaster 12.04
ASHLAND DIVISION (836.58 miles) :
Lake Shore Junction to Ashland (via
Watersmeet) 386.13
Monico Junction to Hurley 88.11
Two Rivers Junction to Two Rivers 6.35
Hortonville to Oshkosh 23.10
Eland Junction to Marshfleld 63.87
North of Antigo to East Bryant Switch.. 7.27
Pratt Junction to Harrison 17.85
Parrish Junction to Parrish 4.54
Pelican to Crandon 17.84
Watersmeet to Choate 22.82
Interior Junction to Interior 1.61
Craigsmere to Robbins 3.47
Hurley to end of Track 12.97
Potato River Junction to end of Track.. 2.60
Extension through Section 34 1.34
Branches and Extensions to Iron Mines 34.22
Spurs to Industrial Establishments 21.44
North. Jc. to end of track beyond Laona 61.03
Clintonville to Oconto (leased) 56.00
Spurs to Indus. Establishm'ts (leased).. 4.02
PENINSULA DIVISION (464.44 miles) :
Green Bay to Republic 202.64
Clowry to Michigamme 10.44
Wabik to Champion 1.23
Powers to Watersmeet 104.33
Stager to Amasa 24.10
Narenta to Metropolitan 34.86
Branches and Extensions to Iron Mines. 86.84
MINNESOTA AND DAKOTA DIVISION (1,302.41 miles)
Winona to Pierre 486.01
Plainview Junction to Plainview 15.01
Chatfield Junction to Chatfleld 11.46
Rochester to Zumbrota 24.48
Mankato Jc. to New Ulm( via Mankato).. 29.33
Sleepy Eye to Redwood Falls 24.40
Evan to Marshall 45.82
Sanborn to Vesta 26.40
Tracy to Gettysburg 238.73
Tyler to Astoria 32.20
Sioux Valley Junction to Watertown 43.83
James Valley Junction to Oakes 131.95
Doland to Groton 38.84
Iroquois to Hawarden 125.49
Centerville to Yankton 28.46
Total length of lines 5,953.30
California June., la., to Fremont, Neb.
(leased to and operated exclusively
by F. E. & M. V. RR. Co.) 31.77
Total operated May 31, 1902 5,921.63
Average operated during the year 6,759.61
De Pue, Ladd & Eastern RR. — The De Pue, Ladd and Eastern RR., extending from
Seatonville to Ladd, 111., a distance of 3.5 miles, was purchased by the Chicago and North-
western Ry. Co. on July 1, 1902, and was taken over for operation on Oct. 16, 1902. It
had been previously operated by the Chicago, Burlington and Quincy Ry. Co., as a switch
to the coal mines of the Chicago, Wilmington and Vermilion Coal Co. at Seatonville, III.
(see MANUAL for 1902, page 420).
Track Elevation in Chicago. — In compliance with the provisions of an ordinance passed
by the Common Council of the city of Chicago on Jan. 13, 1902, the company has under-
taken the elevation of its two main tracks on the Mayfair Cut-off between Chicago and
Milwaukee avenues, a distance of 4.5 miles. These tracks are to be elevated to a height
varying from 11.1 feet to 13.9 feet, and the work involves the construction of fifteen sub-
ways, which will result in the elimination of a like number of grade crossings.
Milwaukee Connection. — Under an agreement with the Chicago, Milwaukee & St.
POOR S MANUAL CHICAGO ANT) NORTHWESTERN RY. CO.
333
Paul Ry. Co. a joint track has been constructed from this company's new terminal yard
near Laytoh Park (a suburb of the city of Milwaukee), located on the Madison Division,
to a connection with the La Crosse Division of the Chicago, Milwaukee & St. Paul Ry.
This track is 1.74 miles in length and affords convenient access to industries located in
the Menominee Valley west of the city of Milwaukee.
Interests in Other Railroads. — The Chicago and Northwestern Ry. Co. owns the entire
capital stock of the Fremont, Elkhorn and Missouri Valley RR. Co. and a majority of the
capital stock of the Chicago, St. Paul, Minneapolis and Omaha Ry. Co. At a special
meeting of the stockholders and voting bondholders of the Chicago and Northwestern Ry.
Co., held Feb. 10, 1903, it was voted to purchase the property and franchises of the Fre-
mont, Elkhorn and Missouri Valley RR. Co. This has been done, and the Fremont, Elk-
horn and Missouri Valley RR. is now operated as the Nebraska and Wyoming Division
of the Chicago and Northwestern Ry.
4. Contracts and Agreements. — The company has contracts and agreements with other
railroad companies, as follows : With the Chicago, Burlington and Quincy, securing to that company
the joint use of the bridge over the Mississippi River at Clinton, la., at an annual rental of $20,000 ;
with the company just named and the Chicago, Rock Island and Pacific, giving them Joint use with
this company of certain sidings in Council Bluffs, la. ; with the Chicago, St. Paul, Minneapolis and
Omaha, providing for joint running arrangements between Chicago and St. Paul, and division of
earnings upon a pro rata per mile ; with the Wisconsin, Minnesota and Pacific, granting that com-
pany the joint use of certain tracks and buildings in Zumbrota, Minn. ; and with the Union Pacific
RR. Co., the Southern Pacific Co., the Oregon Short Line RR. Co., and the Oregon RR. & Nav. Co..
providing for the establishment of a through route between Chicago and the Pacific Coast.
5. Rolling Stock, May 31, 1902. — Locomotives, 1,070. Revenue cars — 1st class
passenger, 508; 2d class, 39; parlor, 28; dining, 12; chair, 33; buffet and cafe, 12; combi-
nation, 124; baggage and express, 171; mail, 48; milk, 47; freight (box, 23,299; gondola,
6,494; flat, 4,153; stock, 3,385; refrigerator, 895; iron ore, 4,351), 42,577— total, 43,599.
Also 940 service cars.
6. General Income Account, year ending May 31, 1902.
Expenses — Maint. of Way and Struc.. $6,098,35882
Maintenance of Equip 4,774,30642
Conducting Transportation. 16,856,865 19
General Expenses 866,870 90
Earnings —Passenger $10,886,139 15
Freight 33,436,89172
Mail and Express 1,849,75914
Miscellaneous 471,331 48
Total ( $8,098.49 per mile) $46,644,121 49
Net Earnings (38.69 p. c.) $18,047,72016
Income from Investments 577,08000
C., St. P., M. & O. Dividends:
Preferred Stock (7 p. c.) 376,60000
Common Stock (5 p. c.) 466,00000
Total, Net Income $19,467,40016
Total ($4,964.99 per mile) $28,596,40133
Taxes $1,353,111 31
Revenue Tax Stamp 56,13013
Interest on Bonds and Gen. Interest. 7,257,833 52
Appropriated for Construction, etc. . . 4,697,055 04
Sinking Funds 225,50000
Dividends on Preferred Stock ( 8 p.c. ) 1,791,600 00
Dividends on Common Stock (7 p.c.). 2,737,86800
Total Payments $18,119,098 00
Surplus, $1,348,302.16; surplus forward, $8,028,965.72— total, $9,377,267.88.
Interest on bonds includes interest amounting to $9,195.44, paid in advance of maturity
on bonds taken up and funded into 3i/j p. c. gen. mtge. gold bonds of 1987.
7. General Balance Sheet, May 31, 1902 (5,891.26 miles).
Cost of Property $193,377,15880
F. L. & T. Co., Trustee. .$6,656,564 54
Cen. Trust Co., Trustee. . 362,160 00
Union Trust Co., Trustee..3,161,000 00—10,179.724 54
F., E. & M. V. RR., Bonds in Trust. . 13,235,000 00
Cost of F., E. & M. V. RR. Stock.... 1,981,50000
Cost of Securities and Advances Ac-
count Sundry Companies 1,001,72685
Stock of C., St. P., M. & O. Ry. Co... 10,000,00000
C. & N. W. Stock in Hands of Treas. 2,337,522 61
C. & N. W. Bonds on Hand 4,838,00000
Materials and Supplies on Hand.... 2,330,22620
Sundry Current Accounts 2,663,467 59
Bills Receivable 207,70105
Cash 4,847,59892
Total Assets $246,999,62656
Common Stock and Scrip (see Sec. 8)
Preferred Stock and Scrip (see Sec. 8)
Funded Debt Outstanding (see Sec. 9)
Sundry Bonds in Sink. Fds. (Sec. 11)
Bonds on Hand Owned by Co. (Sec.12)
Bonds on Hand to be Ref'd.(Sec. 13)
Sinking Fd. Payments and Accretions
Supplies, Materials and May Accts.. .
Current Pay Rolls, Payable in June.
Due to Other Companies
Unpresented Coupons and Old Div.
Bond Interest, Due June 1, 1902
Accruing Bond Interest, Unmatured.
Dividends Payable July 1, 1902 2,180,358 60
Balance of Income Accounts :
Railroad $9,377,267 88
Consol. Coal Co., Dr... 286,69962
Land Department 1,329,14918—10,419,71744
$41,448,365 97
22,398,954 5"?
145,606,000 00
4,141,500 00
4,706,000 00
132,000 00
10,179,724 54
1,696,003 63
1,851,742 18
272,064 31
146,220 77
584,325 00
1.236,649 66
Total Liabilities $246,999,626 66
334
POOR'S MANUAL OP RAILROADS CENTRAL NORTHERN GROUP.
8. Capital Stock — Of the capital stock as per general balance sheet, $2,333,688.05 of com-
mon stock and scrip, and $3,834.56 of preferred stock and scrip, are owned by the company, leaving
outstanding $39,114,677.92 of common stock and scrip, and $22,395,120 of preferred stock and
scrip. Preferred stock is first entitled to dividend up to 7 p. c. ; common stock then to same rate ;
preferred then to additional dividend up to 3 p. c. (in all 10 p. c.) ; common stock then entitled to
additional dividend up to same rate ; both share alike in any further dividends. A statement show-
ing the amount of capital stock at the close of each fiscal year from 1862 to 1897, and the rates of
dividends paid thereon, is in the MANUAL for 1898, page 373.
By resolution adopted Feb. 10, 1903, the authorized capital stock has been increased to $100,-
000,000. Common stock to the amount of $9,226,110 has been issued and sold to the stockholders
of the company, increasing the amount of that class of stock outstanding to $48,340,787.92 as of
March 15, 1903.
9. Funded Debt OutMtandlng. — The funded debt outstanding on May 31, 1902 — total,
$145,606,000, as per general balance sheet — consisted of the several issues of bonds listed in the
following statement. Additional particulars respecting any issue will be found in the paragraph
relating thereto appended to the statement ; and the details of funded debt outstanding on or about
Aug. 1, 1903, will be found in the Ready Reference Bond List — see General Index :
General Mortgage and Underlying
Bonds (total, 1129,372,500) :
C. & N.W.Ry.Gen.Gld. 3Js of Nov. 1, 1987 . $12,486,000
C.&N.W.Ry.Gen.Con.Gld.7s of Dec. 1,1902 7,316,000
Mil. & Mad. Ry. 1st 6s of Sept. 1, 1905. . . . 1,600,000
Chi. & Tomah RR. 1st 6s of Nov. 1, 1905.. 1,528,000
Ch.,Mil.&N.W. Ry. Const.6s of Nov.l, 1905 601,000
Menominee Riv. RR. 1st 7s of July 1, 1906 400,000
Menom. Riv. RR.Ext.lst7s of July 1, 1906 160,000
Des M. & Minn. RR. 1st 7s of Feb. 1, 1907. 600,000
M.L.S.&W. Ry.Conv.Deb.5s of Feb.l, 1907. 436,000
Dk.C.Ry.lst(W.&St.P.Cn.)6s of Sep.1,1907 1,007,000
W.&St.P.RR.2d(nowlst) 7s of Nov.1,1907 1,592,000
Dak.C.Ry.(S.E.Div.)lst6s of Nov. 1, 1907. 2,000,000
Roch. & No. Minn.Ry.lst 7s of Sep.l, 1908. 200,000
Plain view RR. 1st 7s of Sept. 1, 1908.... 100,000
Minn. Valley Ry. 1st 7s of Oct. 1, 1908. . . 150,000
O.( C. F. & St. P.Ry. 1st 5s of Mar. 1, 1909. 1,600,000
C. R. & Mo. Riv. RR. 1st 7s of June 1, 1909 769,000
C.&N.W.Ry. 25-yr. Deb. 5s of Nov. 1, 1909 »5,369,000
No. 111. Ry. 1st 5s of March 1, 1910 1,500,000
Mad. Ext. Sk. Fd. 7s of April 1, 1911.... 2,977,500
M. L. S. & W. Ry. Inco. 6s of May 1,1911 500,000
Menom. Ext. 1st Sk.Fd. 7s of June 1, 1911 2,546,500
C.&N.W.Ry.Con. Sk. Fd. 7s of Feb. 1. 1915 12,832,000
C.R.&Mo.Rv.RR.3dDv. 1st 7s ofMay 1.1916 2,332,000
W.&St.P.RR.Ex.W.Dv.lst7s of Dec.1,1916 $4,038,500
N. W. Union Ry. 1st 7s of June 1, 1917. . 3,365,000
C.&N.W.Ry.30-yr.Deb.5s of April 15,1921 9,8]9,000
M.L.S.&W.Ry.Cons. 1st 6s of May 1, 1921. 5,000,000
M.L.S.&W.MarshEx. 1st 5s of Oct. 1, 1922. 400,000
M.L.S.&W.lst(Mich.Div.)6sof July 1,1924 1,281,000
M.L.S.&W.lst(Ash.Div.)6s of Mar.l, 1925. 1,000,000
C. & N. W. Ry. Ext. 4s of Aug. 15, 1926 . . tl7,489,000
M.L.S.&W.Ex.&Imp.Sk.Fd.5sof Feb.l, 1929 4,148,000
C. & N. W. Ry. Sink. Fd. 6s of Oct. 1, 1929. 5,809,000
C. & N. W. Ry. Sink. Fd. 5s of Oct. 1, 1929. 6,921,000
C.&N.W.Ry.Sk.Fd. Deb. 5s of May 1, 1933 $9,800,000
First Mtge. Bonds on new lines,
issued and assumed subsequent to
General Gold Mortgage of 1897 (to-
tal, $15,933,500) :
Boyer Valley Ry. 1st 3} of Dec. 1, 1923. . . 1,440,000
Minn. & Iowa Ry. 1st 3Js of June 1, 1924. . 1,904,000
Princeton & N.W.Ry.lst 3Js of Jan.l, 1926. 1,940,000
Peoria & N. W. Ry. 1st 3Js of Mar. 1, 1926. 2,125,000
Minn.A So.Dak. Ry. 1st 3is of Jan.l, 1935. 628,000
lowa.Minn.&N.W.Ry. 1st 3Js of Jan.l, 1935. 3,900,000
S. C. & P. RR. 1st 3is of Aug. 1, 1936.... 4,000.000
S. C. & P. RR. Pref. Stock Mtge 96,500
•$1,966,500 of these bonds were issued for the purchase of Fremont, Elkhorn and Missouri
Valley RR. Co. stock. t$13,235,000 of these bonds were issued for the construction of the Fremont,
Elkhorn and Missouri Valley RR., and the interest on them is paid by the F., E. & M. V. RR. Co.
JThese bonds were issued for the purchase of Chicago, St. Paul, Minneapolis and Omaha Ry. Co.
stock. These several issues, amounting to $25,001,500, deducted from the total amount outstanding
($145,606,000), leaves $120,604,500 (or $20,471.77 per mile) as the net amount issued to cover th»
6,891.26 miles of the Chicago and Northwestern Ry.
General Mortgage Gold Bonds of 1987. — Secured by mortgage or deed of trust on 5,078.44 miles
of the 5,875.20 miles of railroad owned by the Chicago and Northwestern Ry. Co. on May 31, 1902.
including franchises, equipment, appurtenances, etc., but not including land grants. The following
are the lines not covered by the mortgage : Boyer Valley Ry., from Wall Lake to Denison, la., 24.8
miles, and from Boyer to Mondamin, la., 61.3 miles ; Minnesota and Iowa Ry., from Burt, la., to
Vesta, Minn., 119.1 miles ; Boone County Ry., from Boone to Ogden, la., 7.25 miles ; Mankato and
New Ulm Ry., from Mankato to New Ulm, Minn., 25.58 miles ; Minnesota and South Dakota Ry.,
from Tyler, Minn., to Astoria, S. D., 32.20 miles ; Iowa, Minnesota and Northwestern Ry., from
Belle Plaine, la., to Fox Lake, Minn., 194.16 miles ; Southern Iowa Ry.. from Stark to Buxton, la.,
21.55 miles ; Peoria and Northwestern Ry., from Nelson to Peoria, 111., 82.98 miles ; Princeton
and Northwestern Ry., from Princeton to Marshfield, Wis., 85.69 miles ; from Red Granite Junction
to Red Granite, Wis., 7.85 miles, and from Nekoosa Junction to Nekoosa, Wis., 6.88 miles ; and
Sioux City and Pacific RR., from Sioux City, la., to Missouri Valley, la., 75.65 miles ; from Sargents
Bluff to Moville, la., 20 miles, and from California Junction, la., to Fremont, Neb., 31.77 miles.
The amount of bonds authorized under the mortgage is $165,000,000, of which the company reserved
$131,645,000 for the retirement of underlying bonds and funded obligations, and $33,355,000 to pro-
vide for the betterment or increase of the company's property, $4,000,000 of these to be issued in
such amounts and at such times as called for by the board of directors or by the executive committee,
and the balance ($29,355,000) from time to time in such amounts, not exceeding $1,000,000 in any
one year, as may be required to meet the cost of permanent improvements and additions, including
equipment, which shall have been actually made. In addition to the $117,186,500 of underlying
bonds detailed in the statement of funded debt, the following bonds, held in the company's sinking
fund, or deposited as collateral for other issues of the company's bonds, are prior in lien to the gen.
mtge. gold bonds, and are to be retired by issue thereof : $440,000 1st mtge. 4s of the Wisconsin
Northern Ry. Co., $785,000 1st mtge. 6s of the Winona and St. Peter RR. Co. and $7,230,000 1st
mtge. 6s of the Dakota Central Ry. Co. On May 31, 1902, there had been issued $11,124,000 of the
bonds reserved for the retirement of underlying bonds, besides $2,000,000 out of the $4,000,000 pro-
vided for the use of the company, and $4,000,000 out of the $29.355,000 lot to be issued at not ex-
ceeding the rate of $1,000,000 a year for additions and betterments ; a total of $17,124,000 issued.
Of this amount the sinking fund held $573,000, and there were $4,065,000 of the bonds in the
treasury, leaving $12,486,000 outstanding. Between May 31, 1902, and Jan. 1, 1903, the amount
outstanding was increased to $20,538,000, the additional bonds being used mostly for the retirement
of the gen. consol. mtge. bonds. The mortgage provides that the prior lien bonds shall be paid,
retired or refunded at or before maturity, and in no event be extended, so that thereafter this mort-
POOR'S MANUAL CHICAGO AND NORTHWESTERN RY. CO. 335
gage shall be a first lien upon the entire property and assets of the company. All prior lien bonds
acquired in exchange for gen. mtge. gold bonds of 1987 are to be deposited with the trustees of the
latter as additional security therefor. The bonds will bear interest at such rate not exceeding 5 p. c.
per annum as from time to time the board of directors may determine and as shall be designated in
the bonds when issued.
C. & N. W. Ry. General Consolidated Gold Bonds. — Secured by mortgage lien on 1,699.92 miles
of railroad (Chicago, III., to Ishpeming, Mich., including branches to mines; Chicago, 111., to the
Missouri River opposite Omaha, Neb. ; Chicago to Freeport, 111. ; Chicago, 111., to Fond du Lac,
Wis. ; Belvidere, 111., to Winona, Minn. ; Elgin, 111., to Lake Geneva, Wis. ; Kenosha, Wis., to Rock-
ford, 111. ; Clinton to Anamosa, la. : Stanwood to Tipton, la. ; Geneva to Batavia, 111. ; Geneva to
St. Charles, 111. ; also the South Chicago Branch track and the Montrose Cut-off track), together
with all the equipment, depot grounds, shops, machinery, leaseholds and proceeds of land grant ap-
pertaining to that mileage, but subject to the liens of prior mortgages. These bonds matured on Dec.
31, 1902, and were retired.
Milwaukee and Madison Ry. First Mortgage Bonds. — Secured on 82 miles of railroad, from Mil-
waukee to Madison, Wis. ; also by guaranty of the Chicago and Northwestern Ry. Co., which guar-
anty is executed under seal upon each bond.
Chicago and Tomah RR. First Mortgage Bonds. — Secured on the lines from Galena, 111., to
Woodman, Wis. ; Montfort to Madison, Wis. ; Ipswich to Platville, Wis., and Lancaster Junction,
Wis., in all 153.72 miles, together with depots, grounds, and all other property appertaining to those
lines. The bonds are unconditionally guaranteed, both as to principal and interest, by tbe Chicago
and Northwestern Ry. Co.
Chicago, Milwaukee and Northwestern Ry. Construction Bonds. — Issued for the purpose of
widening to the standard 92 miles of narrow gauge line of the Chicago and Tomah Division, and con-
stitute an additional mortgage on the widened line, besides being a second mortgage on the remaining
61 miles of the Chicago and Tomah Division. The total-issue is $750,000, but $149,000 of the bonds
are in the sinking fund.
Menominee River RR. First Mortgage Bonds. — Secured on the line from junction 22 miles west
of Escanaba to Quinnesec, Mich., 25 miles.
Menominee River RR. Extension First Mortgage Bonds. — Secured on the line from Quinnesec,
Mich., to the Wisconsin State Line, 7.30 miles, and branches, 2.70 miles — total, 10 miles.
Des Moines and Minneapolis RR. First Mortgage Bonds.— Secured on line from Des Moines to
Jewel Junction, la., 58 miles.
M., L. 8. & TV. Ry. 20-yr. Gold Convertible Debenture Bonds. — Secured by the extension and im-
provement sinking fund mortgage of Feb. 1, 1889, described in a subsequent paragraph.
Dakota Central Ry. (W. & St. P. RR. Connection) First Mortgage Bonds. — Secured on the line
from Watertown to Redfield, S. D., 71 miles. The total amount of bonds is $1,065,000, of which
$58,009 are held alive in tne sinking fund.
Winona and St. Peter RR. Second (now First) Mortgage Bonds. — Secured by mortgage on the
line from Winona to St. Peter, Minn., 139 miles, besides having the guaranty of the Chicago and
Northwestern Ry. Co. endorsed on them.
Dakota Central Ry. (Southeastern Division) First Mortgage Bonds. — Secured on the line from
Iroquois, S. D., to Hawarden, la., 125.49 miles.
Rochester and Northern Minnesota RR. First Mortgage Bonds. — Secured on the line from
Rochester to Zumbrota, Minn., 24.48 miles. These bonds were assumed by the Winona and St.
Peter RR. Co.
Plainview RR. First Mortgage Bonds. — Secured on the line from Eyota to Plainview, Minn.,
15.01 miles.
Minnesota Valley Ry. First Mortgage Bonds. — Secured on the line from Sleepy Eye to Redwood
Falls, Minn., 24.40 miles.
Ottumwa, Cedar Falls and St. Paul Ry. First Mortgage Bonds. — Secured on 64 miles of road,
from Belle Plaine to Muchakinock, la., and also by guaranty of the C. & N. W. Ry. Co.
Cedar Rapids and Missouri River RR., 3d Division, First Mortgage Bonds. — Secured on the line
from Des Moines River, la., to the Missouri River opposite Omaha, Neb., 149.60 miles.
C. & N. W. Ry. Twenty-five-Year Debentures of 1909. — The total amount of these bonds is
$5,900,000, of which $521,000 are held alive in the sinking fund and $10,000 are in the treasury of
the company. The C. & N. W. Ry. Co. guarantees that no increased mortgage debt, except for im-
provements, extensions, etc., shall be issued upon the same property without providing equal security
for these bonds. It is provided that in case of default for six months the trustee shall declare the
bonds to be due and payable.
Northern Illinois Ry. First Mortgage Bonds. — Secured on the line from Belvidere to Spring
Valley, 111., 76 miles.
Madison Extension Gold Bonds. — Secured by mortgage on the line from Madison to Winona
Junction, Wis., 129.10 miles. A sinking fund of $23,000 per annum is provided for the retirement
of these bonds. The total amount of bonds is $3,150,000, of which $172,500 are held alive in the
sinking fund.
M., L. S. & W. Ry. Income Bonds. — Secured by pledge of earnings of the M., L. S. & W. Ry.,
under agreement dated May 2, 1881.
Menominee Extension Gold Bonds. — Secured by mortgage on the line from Fort Howard. Wis.,
to Escanaba, Mich., 114.10 miles. A sinking fund of $20,000 per annum is provided for the retire-
ment of these bonds. The total amount of bonds is $2,697,000, of which $150,500 are held alive in
the sinking fund.
C. & N. W. Ry. Consolidated Sinking Fund Currency Bonds. — Secured by first mortgage on road
and equipment as follows : Chicago to Clinton, 137 m. ; Chicago to Freeport, 121 m. ; Elgin to
Richmond, 34.54 m. ; Belvidere to Madison, 68.90 m. ; Chicago to Fort Howard, 245.83 m. ;
Escanaba to Negaunee, Mich., and Iron Mines, 108.85 m. ; Rockford to Kenosha, 72.10 m. — total,
788.22 miles. These bonds carry voting power.
Cedar Rapids and Missouri River RR. Mortgage Bonds of 1884. — Secured on the line from Cedar
Rapids, la., to the Des Moines River, 122 miles.
Winona and St. Peter RR. (Extension Western Division) First Mortgage Bonds. — Secured on the
line from St. Peter, Minn., to Watertown, S. D., 183.98 miles. The total amount is $4,241,000, of
which $202,500 of bonds are held alive in the sinking fund.
Northwestern Union Ry. First Mortgage Bonds. — Secured on the line from Milwaukee to Fond du
Lac, Wis., 62.63 miles; also on valuable terminal property in Milwaukee, Wis. The total issue is
$3.500,000, but $135,000 of the bonds are in the sinking fund.
336 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
C. & N. W. Ry. Thirty-Year Debentures. — Authorized to the amount of $10,000,000, of which
$181,000 are held alive In the sinking fund. It Is stipulated in the trust agreement that no in-
creased mortgage debt, except for improvements, extension, or the like, shall be created without pro-
viding for these bonds equal security with any additional bonds secured on the same property. It Is
provided that in case of default for six months the trustee shall declare the bonds to be due and
payable.
M., L. 8. & W. Ry. Consolidated First Mortgage Gold Bonds. — Secured by first mortgage on the
following lines of railroad, whose combined length Is 412.86 miles: Lake Shore Junction, Wis., to
Michigan State Line ; Monico Junction, Wis., toward Hurley ; Hortonville to Oshkosh, Wis. ; Eland
Junction to Wausau, Wis. ; Two Rivers June, to Two Rivers, Wis., and Antigo to Malcolm, Wis.
M., L. 8. & W. Ry. Marshfield Extension First Mortgage Bonds. — Secured by first mortgage on
the line from Wausau to Marshfleld, Wis., 40 miles.
M., L. 8. & W. Ry. Michigan Division First Mortgage Gold Bonds. — Secured by first mortgage on
the line from Wisconsin State Line to the Montreal River, and oa the Watersmeet Branch and
branches to mines, in all 81.89 miles.
M., L. 8. & W. Ry. Ashland Division First Mortgage Gold Bonds. — Secured by first mortgage on
the line from Montreal River to Ashland, 39.62 miles, including dock, etc.
C. <t N. W. Ry. Extension Bonds of 1886. — Limited in issue to $20,000 per mile, or a total of
$20,000,000. They are a direct obligation of the company, and were issued on pledge of collateral
bonds, which are secured by first mortgages (maturing same date as these bonds) on lines from
Mapleton to Onawa, la. ; Lake City to Wall Lake, la. ; Columbia, S. D., to Oakes, N. D. ; Redfield to
Gettysburg, S. D. ; Doland to Groton, S. D. ; Janesville to Evansville, Wis. ; Kingsley to Moville,
la. ; cut-off at Cedar Rapids, la. ; Iron River to Watersmeet, Mich. ; Ishpeming, Mich., to Michi-
gamme, including branch ; from Lake Geneva to Williams Bay, Wis. ; Montrose to North Evanston,
111. ; and Crystal Falls to Amasa,' Mich. ; the total mileage being 317.29 ; and also of $10,675,-
000 F., E. & M. V. consols and $2,560,000 Wyoming Central 1st mtge. bonds, both of which are
deposited with the trustee as collateral. The F., E. & M. V. RR. Co. pays the interest upon $13,235,-
000 of these bonds, which were used on account of the construction cf its road. The total amount
of the bonds is $18,632,000, of which $1,143,000 are held alive in the sinking fund.
M., L. S. & W. Ry. Extension and Improvement Sinking Fund Mortgage Gold Bonds. — Secured on
the 693.04 miles of railroad owned by the M., L. S. & W. Ry. Co. at the date of the mortgage, Feb. 1,
1889, but subject to the liens of prior mortgages. The sinking fund commenced on Aug. 1, 1893, and
receives yearly a sum equal to 1 p. c. of the bonds issued, but not less than $25,000 bonds to be pur-
chased if possible at 110 p. c., but if not obtainable at that price the sinking fund to be invested.
The authorized issue is $5,000,000, of which $4,188,000 have been issued, but $40,000 of these are in
the treasury of the C. & N. W. Ry. Co.
C. & N. W. Ry. Sinking Fund Bonds of i879. — These bonds are not secured by mortgage, but
are a direct obligation of the company, and are secured by deposit of an equal amount of 1st mtge.
bonds (maturing same date as these bonds) of roads built or acquired by the company, and secured
on 1,041.50 miles of railroad as follows: Tracy, Minn., to South Dakota State Line, 58.12 m. ;
Eyota to Chatfleld, Minn., 26.47 m. ; Stanwood to Tipton, la., 8.5 m. ; Michigan State Line, near
Spread Eagle, to Wisconsin State Line, near Stager, 13.73 m. ; Sheboygan to Princeton, Wis., 78.40
m. ; Janesville to Afton, Wis., 6.10 m. ; Carroll to Kirkman, la., 34.81 m. ; Manning to Audubon,
la., 17 m. ; Wisconsin State Line to Iron River, Mich., 21 m. ; Stager to Crystal Falls, Mich., 9.10
m. ; branches to mines, 68.76 m. ; Trempealeau to Galesville, Wis., 6.71 m. ; Sycamore to Cortland,
111., 4.64 m. ; Tama to Elmore, la., 164.56 m. ; Eagle Grove to Hawarden, la., 145.20 m. ; Minne-
sota State Line near Elkton to Pierre, S. D., 209.11 m. ; Huron to Columbia, S. D., 97 m. ; Brook-
ings to Watertown, S. D., 43.83 m., and Centreville to Yankton, S. D., 28.46 miles. Besides the
amounts outstanding shown in the statement of funded debt, there were on May 31, 1902, $69,000 of
the 6 p. c. bonds and $63,000 of the 5 p. c. bonds on hand fundable for 3J p. c. gen. mtge. gold bonds
of 1987. A sinking fund provides for the retirement of at least 1 p. c. of the bonds each year at a
rate not exceeding 105 p. c. and accrued interest, bonds to be drawn by lot if not presented for
redemption.
C. & N. W. Ry. Sinking Fund Debentures of 1933. — The C. & N. W. Ry. Co. guarantees that no
increased mortgage debt, except for improvements, extensions, etc., shall be issued upon the same
property without providing equal security for these bonds. There is a sinking fund of $200,000 per
annum, operative only if bonds can be purchased at not exceeding 105 and interest.
Boyer Valley Ry. First Mortgage Gold Bonds. — Secured on lines from Wall Lake to Denison, la.,
and from Boyer to Mondamin, la., together 86.1 miles. Authorized amount, $16,000 per mile.
Minnesota and Iowa Ry. First Mortgage Gold Bonds. — Secured on the line from Burt, la., to
Vesta, Minn., 119.1 miles. Authorized amount, $16,000 per mile.
Princeton and Northwestern Ry. First Mortgage Gold Bonds. — Secured on the line from Prince-
ton to Marshfield, Wis., and on the Red Granite and Nekoosa Branches, in all 100.42 miles. The
total amount of the bonds is $2,100,000, but $160,000 of them are in the treasury of the company.
Assumed by the Chicago and Northwestern Ry. Co.
Peoria and Northwestern Ry. First Mortgage Gold Bonds. — Secured on the line from Nelson to
Peoria, 111., 82.98 miles. Assumed by the Chicago and Northwestern Ry. Co.
Sioux City and Pacific RR. First Mortgage Gold Bonds. — Secured on 127.42 miles of road, from
Sioux City, la., to Fremont, Neb., from California Junction to Missouri Valley, la., and from Sar-
gents Bluff to Moville, la. Assumed and guaranteed by the Chicago and Northwestern Ry. Co.
Sioux City and Pacific RR. Preferred Stock. — Secured as a prior lien on the line from California
Junction to Missouri Valley, 6 miles. Dividends at the rate of 7 p. c. per annum are paid on the 1st
of April and 1st of Sept.
Minnesota and South Dakota Ry. First Mortgage Gold Bonds. — Secured on the line from Tyler
Minn., to Astoria, S. D., 32.20 miles.
Iowa, Minnesota and Northwestern Ry. First Mortgage Gold Bonds. — Secured on the line from
Belle Plaine, la., to Fox Lake, Minn., 194.16 miles. Authorized amount, $16 000 per mile
1O. Guarantiee St. Paul Eastern Grand Trunk Ry. 1st mtge. 6 p. c. bonds of Jan. 1, 1913,
of which $1,120,000 are outstanding, are not included in the statement of funded debt of the C & N.
W. Ry. Co., as the interest only, and not the principal, is a liability of the C. & N. W Ry Co The
C. & N. W. Ry. Co. also guarantees $7,725,000 consol. mtge. 6 p. c. bonds of the Fremont Elkhorn
and Missouri Valley RR. Co.
It. Sundry Bond* In Sinking; Funds. — On May 31, 1901, the following bonds were in
sinking funds : $149,000 C., M. & N. W. Ry. construction 6s of Nov. 1, 1905 ; $58 000 Dakota Cen-
tral Ry. (W. & St. P. RR. Connection) 1st 6s of Sept. 1, 1907; $521,000 C & N W Ry 25-yr
POOR S MANUAL — CHICAGO AND NORTHWESTERN RY. CO.
337
debentures of 1909 ; $172,500 Madison Extension 1st sinking fund 7s of April 1, 1911 ; $150,500
Menominee Extension 1st sinking fund 7s of June 1, 1911; $202,500 W. & St. P. RR. (Extension
Western Div.) 1st 7s of Dec. 1, 1916; $135,000 Northwestern Union Ry. 1st 7s of June 1, 1917;
$181,000 C. & N. W. Ry. 30-yr. debentures ; $1,143,000 C. & N. W. Ry. extension 4s of 1886 ; $440,-
000 Wisconsin Northern Ry. 1st 4s of July 15, 1931 ; $573,000 C. & N. W. Ry. gen. mtge. gold 3Js
of 1987 ; and $416,000 Mankato and New Ulm Ry. 1st 3Js of Oct. 1, 1929 — a total of $4,141,500.
12. Bonds on Hand Owned by the Company. — The company held in its treasury on
May 31, 1901, the following bonds : $10,000 C. & N. W. Ry. 25-yr. debentures of 1909 ; $40,000 M.,
L. S. & W. Ry. extension and improvement sinking fund mortgage bonds ; $4,065,000 C. & N. W. Ry.
gen. mtge. gold 3Js of 1987 ; $431,000 Southern Iowa Ry. 1st 3£s of Oct. 1, 1929 ; and $160,000
Princeton and Northwestern Ry. 1st 3Js of Jan. 1, 1926 — a total of $4,706,000.
13. Bonds to be Refunded.— These consist of $69,000 6 p. c. and $63,000 5 p. c. sinking
fund bonds of 1879 which were on hand owned by the company and fundable for 3J p. c. gen. mtge.
gold bonds of 1987.
14. Statement of property, operations, and capital account for seven fiscal years:
1896
1897
1898
1899
1900
1901
1902
Miles of Railroad. . ..
Aver. Miles Operated
Miles of Track
5,030.78
5,030.78
5,037.73
5,128.98
1,010
853
35,058
9,703,643
16,809,353
15,241,910
361,600,670
17,082,389
2,372,365,483
$
7,408,827
24,354,622
1,725,312
5,030.78
5,030.78
7,132.03
5,191.49
1,010
853
35,058
9,923,503
14,871,286
13,821,065
341,108.883
15,225,138
2,254,027,285
$
6,963,578
22,236,612
1,777,053
5,076.89
5,070.78
7.217.91
5.259.78
1,010
853
35,708
10,240,114
15,640,433
14,036,388
360,562,986
19,693,634
3,030,610,175
$
7,256,299
27,035,105
1,759,157
5,076.89
5,076.89
7,363.73
5,354.25
1,010
865
37,211
10,681,578
15,489,673
15,225,027
416,384,364
21,081,613
3,229,327,820
S
8,007,627
28,155,677
1,793,010
5,303.31
5,218.62
7,767.32
5,721.86
1,060
923
41,796
11,419,806
16,341,994
16,637,841
454,614,457
25,442.219
3,849,367,760
*
9,002,688
32,008,684
1,939,433
5,576.80
5,507.16
8,266.29
6,100.82
1,060
939
41,796
12,186,566
15,928,982
16,944,372
483.273,248
25,271,726
3,701,417,722
S
9,718,191
31,364,945
2,015,451
5,953.30
5,759.61
8.870.37
6.567.62
1,070
980
43,559
13,830,284
16,512,617
18,648,845
541,676,123
29,321,538
4,122,440,480
$
10,886,139
33,436,892
2,321,090
Miles of Steel Rail. . .
Pass. Train Cars....
Frt. A Road Cars. . .
Pass. Train Miles. . ..
Freight Train Miles.
Passengers Carried .
Passenger Miles
Frt. (tons) Moved...
Freight (ton) Miles .
Passenger Earnings-
Freight Earnings. . .
Other Earnings
Gross Earnings. .
Operating Expenses
33,488,761
20,373,402
30,977,243
18.877.0S9
36,050,561
22,643,879
38,016,314
23,658,042
42,950,805
*30,316,452
43,098,587
*30,021,215
46,644,121
'33,293,456
13,115,359
671,638
12,100,154
964,312
13,406,682
1,064.615
14.358,272
1,370.893
12,634,353
1,493,639
13,077,372
1,419,680
13,350,665
1,419.680
Other Receipts
13,786,997
1,075,569
7,122,356
220,900
(7) 1,563,975
(5) 1,953,082
1,851,025
5,656 77
4,049 75
2,607 02
60.84 p.c.
2.05 c.
1.04 c.
I
22,353,455
41,402,866
131,528,500
7,590,936
8,447,000
5,335,816
4,671,974
13,064,466
1,061,732
7,115,701
196,412
(71 1,564,955
(5) 1,953,695
1,171,971
6,15754
3,752 32
2,40522
60.94 p.c.
2.04 c.
0.99 c.
S
22,367,455
41,416,866
131,387,500
7,994,050
8,407,000
5,232,100
6,116,938
14,471,297
1,102,606
7,416,284
197,260
(7) 1,565,629
(5) 1,954,195
2,235,323
7,109 47
4,46556
2,643 91
62.81 p.c.
2.01 c.
0.89 c.
$
22,370,954
41,420,366
133,645,000
8,590,352
15,729,165
1,170,672
7,197,897
202,000
(7) 1,567,650
(5) 1,955,620
3,635,326
7,48811
4,66003
2,82808
62.23 p.c.
1.94 c.
0.87 c.
$
22,398,955
41,448,366
134,645,000
8,975,322
14,127,992
1,219,603
7,186,376
202,500
(7) 1,567,650
(6) 2,346,744
1,605,119
8,23030
H93893
3,291 37
teO.Ol p.c.
1.98 c.
0.83 c.
$
22,398,955
41,448,366
144,833,000
9,369,157
242,893
14.497,052
1,378,309
7,241,982
225,000
(7) 1,567,650
(6) 2,346,744
1,737,367
7,825 92
f4,694 20
3,131 72
t59.98 p.c.
2.01 c.
0.85 c.
$
22,398,955
41.448,366
145,264,000
9,768,215
14,770,345
1,409,241
7,257,834
225,500
(8) 1,791,600
'7) 2,737,868
1,348,302
8,098 49
t4,96499
3,13350
t61.31 p.c.
2.01 c.
0.81 c.
1
22,398,955
41,448,366
154,585,500
10.179,725
Payments — Taxes.. .
Interest on Bonds.
Sinking Funds . . .
Pref. Divs
Balance, Surplus . . .
Gross Earn. p. Mile. .
Oper. Exp. per Mile..
Net Earn, per Mile. .
Expenses to Earn. ...
Av.Rate p.Pass.p.M
Av. Ratep.Tonp.M
Preferred Stock ....
Common Stock
Bonded Debt
Sinking Funds
General Liabilities.. .
Current Liabilities.. .
Income Accounts . . .
Total Liabilities.. .
Cost of Property . . .
Sinking Fund
General Assets
Materials, etc
Hills, Accounts, etc .
Cash
5,965,983
8,441,839
6,477,647
7,324.473
8,681,948
6,411,177
7,085,900
8,497,587
7,967.364
10,419,717
221,330,547
170,283,850
7,590,936
36,767,605
2,164,195
1,777,149
2,746,812
222,921,909
171,855,855
7,994,050
36,941,245
2,165,974
1,739,318
2,225.467
220,434,494
175,498,009
8,590,352
28,185,640
1,818.471
2,136,795
4,205,227
221,269,763
174,353,318
8,975,322
30,231,419
1,039,021
2,451,689
4,218,994
233,385,496
182,061,957
9.369,157
31,707,477
2,8»,923
2,832,443
4,587,540
234,463,023
184,310,554
9,768,215
32,830,820
2,361,550
2,784.713
2,407,171
246,999,627
193,377,159
10,179,725
33,393,749
2,330,226
2,871,169
4,847,599
Total Assets
221,330.547
222,921,909
220,434,494
221,269,763
233,385.4%
234,463,023
246.999,627
•Construction expenditures charged against Income, amounting to $4,542,041.44 in the fiscal
year 1900 and to $4,169,526.06 in the fiscal year 1901, are included in operating expenses in the
above table, for convenience. fExclusive of construction expenditures.
15. Land Department. — The sales of land during the year ending June 30, 1902, amounted
to 63.418.93 acres and 2,070 town lots, the total consideration received, payable in cash and In time
installments, being $878,920.70. The acreage sold from the respective grants was as follows : Min-
338
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
nesota grant, 12,961.63 acres for $125,869.13, an average of $9.71 per acre; Michigan grant, 42,-
309.55 acres for $271,146.85, an average of $6.41 per acre; Wisconsin grant, 5,516.88 acres for
$48,916.68, an average of $8.87 per acre ; Ashland Division Lands, 2,630.87 acres for $5,817.32, an
average of $2.21 per acre — total, 63,418.93 acres for $451,749.98. Adding $326,053.21 for the town
lots sold and $101,117.51 for miscellaneous land sales, makes the total of $878,920.70 as above.
The gross receipts from land grants and town lots, deferred payments, interest on deferred payments,
trespasses and stumpage, were $885,687.51. The net receipts, being the amount after deducting ex-
penses of operation and the cost of lands purchased for town sites, were $702,363.50. The receipts
from miscellaneous lands sold, not required by the company, amounted to $98,961.69.
The sales of St. Paul Eastern Grand Trunk Ry. lands amounted to 9,105.28 acres, the con-
sideration being $18,320.13, an average of $2.01 per acre. The gross receipts from cash pales, de-
ferred payments, interest, trespass and stumpage amounted to $17,128.62.
The 'following statement shows the condition of the land grants on May 31, 1902:
LAND GRANTS.
UNCONVBTED MAT 31, 1901.
Decrease,
Acres
Deeded.
Increase,
Acres
Cnnc'led.
UNCONVETED MAT 31. 1902.
Acres
Not Sold.
Acre*
Under
Contract.
Total.
Acres
Not Sold.
Acres
Under
Contract.
Total
22,949.84
72,003.23
94,953.07
23,806.84
9,974.22
224,292.39
253,289.88
10,323.62
61,172.01
29,279.18
18,605.29
632.83
71,146.23
253,571.57
271,895.17
10.956.45
265,807.33
258,606.76
12,914.49
10,278.45
16,159.52
573.86
276,OS5.78
274,766.28
13,488.35
22,514.21
2,871.11
2,571.90
834.61
200.00
Ashland Division
Total
560,278.42
99,015.06
659,293.48
51,764.06
1,034.61
497,880.11
109,689.31
607,569.42
St.PaulE.Gd.Tk.Ry.
62,978.53
4,489.58
67,468.11
8,674.91
272.09
53,659.74
4,647.86
58,307.60
16. RAILROADS OWNED OB LEASED BY THE C. & N. W. Ry. Co.
CHICAGO, IOWA AND DAKOTA RY
Eldora June, to Alden, la., 26.4 m. ; total track
( steel ; 50 Ibs. ) , 29.57 miles.
HISTORY. — Chartered in June, 1882 ; road
opened Jan. 1, 1884. Purchased by the Chicago
and Northwestern Ry. Co. as of Jan. 1, 1902, but
not formally merged with that company.
FINANCIAL STATEMENT. — Capital stock,
$361,000. Funded debt, $264,000. (See MANUAL for
1901, page 601.) Operated by the Chicago and
Northwestern Ry. Co.
ST. PAUL EASTERN GRAND TRUNK
RY. — Oconto, Wis., to Clintonville, 56 m. ; sun-
dry spurs to industries, 4.02 m. — total, 60.02 miles.
Rail (steel, 58.77 m.), 52 to 60 Ibs.
HISTORY. — Organized Sept. 5, 1879; leased
Oct. 30, 1884 (for 30 p. c. of gross earnings), to
the M., L. S. & W. Ry. Co., and lease assumed bj
the C. & N. W. Ry. Co.
FINANCIAL STATEMENT. — Capital stock,
?1,100,000; funded debt (1st gold 6s of Jan. 1,1913),
$1,120,000 — total, $2,220,000. The interest on the
bonds but not the principal, is guaranteed by the
C. & N. W. Ry. Co., and is payable at the office
of that company in New York, N. Y.
CORPORATE OFFICERS. — Marvin Hughitt,
Pres., Chicago, 111. ; E. E. Osborn, Vice-Pres.,
New York, N. Y. ; M. M. Kirkman, Treas. ; J. B.
Redfleld, Sec., Chicago, 111. Offices, 22 Fifth
Ave., Chicago, 111., and 52 Wall St.,New York.N.Y.
SIOUX CITY AND PACIFIC RR Char-
tered Aug. 1, 1864 ; road opened from Missouri
Valley to Sioux City, and from California Junc-
tion to Fremont on Feb. 11, 1869. The property
was purchased by the Chicago and Northwestern
Ry. Co. on Aug. 28, 1901, subject to a mortgage
securing $4,000,000 of bonds, which have been
assumed by the purchaser (see Sec. 9). This
company still maintains its corporate existence
and remains a distinct entity.
FINANCIAL STATEMENT.— Capital stock
(common, $1,899,400; preferred, $169,000), $2,068,-
400. Of the preferred stock, $96,500 is included in
the funded debt of the C. & N. W. Ry. Co. (see
Sec. 9).
CORPORATE OFFICERS. — Marvin Hughitt,
Pres., Chicago, 111. ; E. E. Osborn, Vice-Pres.,
New York, N. Y. ; H. R. McCullough, 2d Vice-
Pres., Chicago, 111. ; M. M. Kirkman, Treas. ; J.
B. Redfleld, Sec., Chicago, 111.
17. Board of Directors, Chicago & Northwestern Ry. Co.
Until June, 1904.
Marvin Hughitt.. .Chicago, 111.
Frank Work.. . New York, N. Y.
.las. Stillman..
Oliver Ames Boston, Mass.
Zenas Crane Dalton, Mass.
Until June, 1905.
W.K.Vanderbilt, New York.N.Y.
F. W. Vanderbilt
H. McK. Twombly "
Byron L. Smith. .. Chicago, 111.
Cyrus H. McCormick "
Marshall Field .
Until June, 1906.
Albert Keep, Lake Geneva, Wls
C. M. Depew. .New York, N. Y.
Samuel F. Barger "
James C. Fargo " "
H. TC. Frick Pittsburgh, Pa.
D. P. Kimball. . .Boston, Mass.
Executive Committee: Marvin Hughitt, Chauncey M. Depew, S. F. Barger, H. McK.
Twombly, David P. Kimball, W. K. Vanderbilt, James C. Fargo, Marshall Field.
MARVIN HUGHITT, President Chicago, 111.
E. E. Osborn, Vice- President and Secretary New York, N. Y.
2d Vice-President — M. M. Kirkman. .Chicago, 111.
3d Vice-President — H. R. McCullough
4th Vice-President — John M. Whitman
General Manager — W. A. Gardner. .Chicago, 111.
Treas. & Asst. Sec. — S. O. Howe. New York* N. Y.
Aud., Asst. Sec. & Asst. Treas. — J. B. Redfleld
Chicago, 111.
Asst. Treas. & 2d Asst. Sec. — R. H. Williams, New York, N. Y.
CHICAGO OFFICE No. 22 Fifth Avenue.
New York Office No. 52 Wall Street.
POOR S MANUAL CHICAGO AND NORTHWESTERN SYSTEM.
339
CHICAGO AND NORTHWESTERN SYSTEM.— FREMONT, ELKHORN AND
MISSOURI VALLEY RR. CO.
Main Line of Road.— Omaha, Neb., to Deadwood, S. D. . 592.08m.
Extensions and Branches (details appended) 770.76 m. — 1,362.84 miles.
Sidings, etc., 150.86 miles. Gauge, 4 ft. 8y2 in. Rail (steel, 1,292.29 m.), 56 Ibs.
Statement of mileage as operated by divisions, May 31, 1902:
SOUTH PLATTE DIVISION (334.63 miles) : Miles.
Elkhorn June, to Arlington, Neb 27.76
Fremont to Hastings, Neb 127.26
Linwood, Neb., to Kansas State Line.... 124.14
Platte River to Lincoln, Neb 45.11
Omaha Stock Yards Line 10.36
EASTERN DIVISION (381.58 miles) :
Miles.
Fremont to Long Pine, Neb '. 213.63
June. nr.Scribner to Oakdale( via Albion). 113.91
Norfolk Junction to Verdigre, Neb 64.04
Total length of lines owned 1,300.53
Leased :
S. C. & P. RR. : Fremont, Neb., to Calif.
Jc., la / 31.77
Trackage Rights :
S. C. & P. RR. : Calif. Jc. to Missouri
Valley, la 5.84
C.£t.P.,M. & O.Ry. : Blair to Omaha, Neb. 24.70
BLACK HILLS DIVISION (584.32 miles) :
Long Pine, Neb., to Deadwood, S. D 342.69
Narrow-Gauge Line above Deadwood, in-
cluding Branches to Mines 17.84
Whitewood to Belle Fourche, S. D 21.19
Buffalo Gap to Hot Springs, S. D 14.12
Dakota June., Neb., to Casper, Wyo 188.48 Total length of lines operated 1,362.84
History. — Chartered Jan. 20, 1869; road opened in Aug., 1871 (see MANUAL for
1893, page 162). On Sept. 1, 1901, this company $jok over the operation of the Fremont
Branch of the Sioux City and Pacific RR., extending from California Junction, la., to
Fremont, Neb., 31.77 miles, under a lease from the Chicago and Northwestern Ry. Co.
The company also secured trackage rights over the main line of the same road between
California Junction and Missouri Valley, la. An extension of the Verdigre Branch, from
Verdigre, Neb., to Bonesteel, S. D., 69.07 miles, which was under construction at the date
of this statement, was completed and put in operation on Nov. 19, 1902. On Feb. 10, 1903,
the stockholders and voting bondholders of the Chicago and Northwestern Ry. Co. voted
to purchase the property and franchises of this company. The purchase has been effected,
and this railroad is now operated as the Nebraska and Wyoming Division of the Chicago
and Northwestern Ry.
Rolling Stock, May 31, 1902.— Locomotives, 113. Cars— passenger, 35; chair, 6;
combination, 15; baggage, mail, and express, 9; freight (box, 2,411; flat, 385; gondola,
250; ore, 104; stock, 690; refrigerator, 293), 4,133; other, 79 — total, 4,277.
Operations, year ending May 31, 1902. — Train mileage not reported. Passengers
carried, 644,384; carried one mile, 34,401,491; average mile rate, 2.60 cents. Tons freight
moved, 1,487,509; moved one mile, 219,252,587; average ton-mile rate, 1.54 cents. Earn-
ings— passenger, $893,460.39; freight, $3,368,723.10; other, $327,265.70 — total, $4,589,-
449.19. Operating expenses (65.51 p. c.), $3,006,734.24. Net earnings, $1,582,714.95.
Payments: Taxes, $201,439.70; revenue tax stamps, $4,210.49; interest on bonds, $1,007,-
594.50; rental Missouri Valley to Fremont, $35,414.73— total, $1,248,659.42. Surplus,
$334,055.53; surplus forward, $2,020,714.63— total, $2,354,770.16.
Capital stock, bonded debt, gross and net revenue, etc., for eight fiscal years:
Years.
1895. . .
1896
Capital
Stock.
. 1,981,500
. . 1,981,500
Bonded
Debt.
S
20,998.000
20,960,000
Cost of
Road, etc.
$
24,725,155
24,747,921
RR.
Operated.
Miles.
1,309.53
1,309.53
Gross
Earnings.
2,666,641
2,950,440
Net
Earnings.
919,765
1,086,642
Interest.
$
1,011,531
1,008,956
Taxes.
*
226,931
192,971
1897
1898
1899
.. 1,981,500
. . 1,981,500
. . 1,981,500
20,960,000
20,960,000
20,960,000
24,753,336
24,753,336
24,753,336
1,309.53
1,362.84
1,362.84
3,051,982
3,881,341
3,885,490
983,663
1,439,769
1,473,794
1,007,402
1,007,368
1,007,338
189,824
201,820
199,107
1900
. . 1 981 500
20960000
24 754 336
1 36284
4,121 458
1,431,816
1,007,831
185,693
1901
. . 1,981,500
20,960,000
24,754,336
1,362.84
4,287,806
1,497,487
1,008,372
189,706
1902. . .
. 1.981.500
20.900.000
25.651.569
1.362.81
4.589.449
1.582.715
1,007,594
205,6,50
13,498 d. 332,195
13,514 d. 128,799
13,540 d. 227,103
13.540 217,041
13.541 253,808
13.560 224,732
13,573 285,836
35,415 334,056
General Balance Sheet, May 31, 1902.— Capital stock (all owned by C. & N. W.
Ry. Co.), $1.981,500; funded debt (see below), $20,960,000; interest accruing, $77,250;
interest unpaid, $5,190; due to C. & N. W. Ry. Co., $272,858.38; profit and loss, $2,354,-
770.16 — total, representing cost of road, $25,651,568.54.
Funded Debt The funded debt on May 31, 1902, consisted of $18,400,000 consol. 6s of Oct.
1, 1933, and $2,560,000 Wyoming Central Ry. 1st mtge. bonds. All of the Wyoming Central bonds
and $10,675,000 of the consol. mtge. bonds are owned by the Chicago and Northwestern Ry. Co. and
are deposited with the Union Trust Co. of New York, trustee, as collateral security for an equal
amount of Chicago and Northwestern 4 p. c. extension bonds of 1886. This company pays the inter-
est on the $13,235,000 4 p. c. bonds of the C. & N. W. Ry. Co. thus secured, in satisfaction of the
interest on the collateral bonds deposited in trust. The Chicago and Northwestern Ry. Co. guaran-
tees the $7,725,000 outstanding consol. mtge. bonds, both as to principal and interest. The consol.
mtge. bonds are secured by first mortgage on the line from Fremont, Neb., to Deadwood, S. D., 557
miles, and on branches to Hastings, Albion, etc., 613 miles ; a total of 1,170 miles.
340
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
CHICAGO, ST. PAUL, MINNEAPOLIS AND OMAHA RAILWAY COMPANY.
(Controlled by Chicago and Northwestern By. Co.;
INDEX TO THIS STATEMENT — REFERENCES TO NUMBEBS OF SECTIONS.
Capital Stock 6
Directors and Officers 12
Earnings, Expenses, etc 4
Funded Debt, Details of 7
Gen. Bal. Sheet, Dec. 31, 1902 5
Gen. Bal. Sheet, 1896-1902 3
Guaranteed Bonds 9
History 2
Income Acct, Dec. 31, 1902.. 4
Land Department 11
Mileage and Equip., 1896-1902. 8
Mileage Operated 1
Operations and Inc. ,1896-1902. 8
Proprietary Roads 2
Rolling Stock 3
Stocks and Bonds Owned 10
1. Mileage Operated, Dec. 31, 1902.— A. LINES OWNED (total, 1,523.89 miles).
Wisconsin Division: Elroy, Wis., to Westminster Street, Minn 193.10 miles.
Hudson to Ellsworth 24.82
Stillwater Branch 3.30
Stillwater Switch 4.55
Merillan to Marshfield 38.67
Shaws Mill Branch 2.74
Menominee Branch 3.01
Cedar Falls Branch 2.01
Fairchild to Mondovi 36.75
Minnesota & Iowa Division: St. Paul, Minn., to Le Mars, la 243.42
Brought forward 166.54
Brought forward 115.85
Emerald to Weston 36.37
No. Wis. Jc. to Bayfield 177.57
Ashland Branch 4.38
Ashland Shore Line 1.31
Eau Claire to Spooner 81.51
Superior Jc. to Duluth 71.70
I
Lake Crystal to Elmore ........ 43.43
Madelia to Fairmont ........... 29.38
Bingham Lake to Currie ....... 38.63
Heron Lake to Pipestone ....... 55.10
Trent to Mitchell 130.73
Luverne to Doon 28.00
Nebraska Division: Missouri River to Omaha, Neb ...................... 123.06
Coburn to New Castle 26.95
-e Emerson to Norfolk 46.50
R \ Wakefield to Hartington 33.76
Brought forward 107.21
Wayne to Bloomfield 43.14
B. PROPRIETARY RAILROADS (total, 63.70 miles).
Eau Claire, Chippewa Falls dNo.-East Ry.: Chippewa F's to Holcombe, Wis. 27.70 "
Chippewa Valley and North-Western Ry.: Radisson Jc. to Radisson, Wis. . . 36.00 "
O. TRACKAGE RIGHTS (total, 69.59 miles).
Great Northern Ry.: Westminster Street to St. Paul, Minn 1.30 "
Westminster Street to Minneapolis, Minn 10.10 "
Northern Pacific Ry. : Bridge at Duluth, Minn -. 1.59 "
Illinois Central RR. : Le Mars to Sioux City, la 25.20 "
Minneapolis and 8t. Louis RR.: Minneapolis to Merriam June., Minn 27.00
Chicago and Northwestern Ry. : Sioux City Union Depot to bridge track . . . 0.50 "
Sioux City Bridge Co.: Sioux City, la., to South Sioux City, Neb 3.90 "
Total length of lines operated, Dec. 31, 1902 1,657.18 miles.
Average mileage operated during year 1,604.85 "
2d track, 37.99 m.; sidings, 498.26 miles. Gauge, 4 ft. 8y2 in. Rail (steel, 2,072.13 m.),
56 to 80 Ibs.
2. History. — Consolidation, June 1, 1880, of the Chicago, St. Paul and Minneapolis
Ry. Co. and the North Wisconsin Ry. Co. On various subsequent dates (see previous
numbers of the MANUAL) the company acquired the St. Paul and Sioux City RR., the
Menominee Ry., the Sault Ste. Marie and Southwestern Ry., the Superior Short Line Ry.,
the Watonwan Valley Ry. and the Des Moines Valley Ry. The Minnesota and Wisconsin
RR. Co., whose securities were acquired in 1901, was absorbed in 1902. An extension
from Spring Valley to Weston, Wis., 15.72 miles, was put in operation on May 1, 1902.
Proprietary Railroads. — This company controls the Chippewa Valley and North-West-
ern Ry. Co. and the Eau Claire, Chippewa Falls and North-Eastern Ry. Co. As stated in
the MANUAL for 1902, page 322, the former constructed a line from Radisson Junction to
Birchwood, Wis., a distance of 12.5 miles, which was opened for traffic on Nov. 20, 1901.
An extension of it from Birchwood to Radisson, Wis., 23.5 miles, was opened for traffic
BOOR'S MANUAL OP RAILROADS.
341
on Dec. 15, 1902. The Eau Claire, Chippewa Falls and North-Eastern Ry. Co. is con-
structing a line from Chippewa Falls, Wis., in a northeasterly direction. The section from
Chippewa Falls to Holcombe, Wis., 27.7 miles in length, was completed and opened for
traffic on Dec. 15, 1902, and the grading and part of the track-laying had been finished
for a distance of 9.61 miles beyond Holcombe.
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 291. Cars — passenger (1st class,
81; 2d class, 22), 103; chair, 9; parlor, 3; buffet and caf6, 12; dining, 1; combination, 50;
baggage, mail, and express, 54; freight (box, 7,645; flat, 1,171; refrigerator, 157; stock,
393; coal, 900; ore, 6), 10,272; service, 325 — total, 10,829.
4. General Income Account, year ending December 31, 1902.
Expenses — Maint. of Way and Struc.. $1,937,312 18
Maintenance of Equipment 1,056,516 63
Conducting Transportation. 3,832,007 40
General Expenses 225,016 68
Earnings — Passenger $3,137,707 78
Freight 8,159,22645
Mail and Express 408,58168
Miscellaneous 202,009 18
Total ($7,419.71 per mile) $11,907,52509 Total ($4,392.84 per mile) $7,049,852
Net earnings (40.8 p. c.), $4,857,672.20. Payments: Taxes, $426,560.15; revenue tax
stamps, $8,840.54; net interest on bonds, $1,394,059.01; rentals, $111,876.28; appropri-
ated for additions and improvements, $600,000; dividends on preferred stock (Aug. 20,
1902, and Feb. 20, 1903; 3^ p. c. each), $787,976; on common stock (Aug. 20, 1902, and
Feb. 20, 1903, 3 p. c. each), $1,113,300— total, $4,440,611.98. Surplus, $417,060.22; sur-
plus forward, $1,694,718.80— total, $2,111,779.02.
5. General Balance Sheet, December 31, 1902.
Cost of Road and Equipment $57,984,00963
General Assets and Property 8,436,86075
Materials and Fuel 1,259,20404
Current Assets 354,94027
Cash on Hand 1,138,36432
Total Assets $69,173,379 01
Capital Stock (see Sec. 6)
Funded Debt ( see Sec. 7)
Guaranteed Bonds (see Sec. 9)
S. S. L. Ry. Co. Bonds (in Treasury)
Interest Accrued, not Due
Dividends Payable Feb. 20, 1903
Taxes for 1902, payable in 1903
Current Accounts
Equipment Fund
Fund for Improvements
Railroad Income Account
Land Income Account
$34,050,126 62
26,301,852 8)
75,000 00
1,500,000 00
188,268 34
950,638 00
363,267 88
1,304,179 66
25,886 64
685,340 32
2,111,779 02
1,617,039 72
Total Liabilities $69,173,379 01
6. Capital Stock. — The capital stock of the company consists of $21,403,293.33 common
stock and scrip and $12,646,833.29 preferred stock and scrip ; these amounts including respectively
$2,844,339.98 common stock and scrip and $1,386,921.66 preferred stock and scrip owned by the
company. The Chicago and Northwestern Ry. Co. owns a majority of the capital stock. Preferred
stock has prior right to dividends up to 7 p. c. per annum, non-cumulative, and is entitled to an equal
pro rata of any dividends in excess of 7 p. c. on the entire capital stock. A statement of all divi-
dends paid by the company, up to and including that of Feb. 21, 1898, Is in the MANUAL for 1898,
page 375. Later payments are shown in the table of DIVIDENDS PAID BY STEAM RAILROADS — see
General Index.
7. Funded Debt. — The funded debt as per general balance sheet includes $2,159,052.81 of
consol. mtge. bonds and scrip, and $50,000 Sault Ste. Marie and Southwestern Ry. 1st mtge. bonds,
or a total of $2,209,052.81 of bonds and scrip on hand, deducting which leaves $24,167,800 of bonds
outstanding on Dec. 31, 1902, as shown in the following statement (additional particulars will be
found in the Ready Reference Bond List — see General Index) :
$1,917,000 C., St. P. & M. Ry. 1st gold 6s of
May 1, 1918, secured by first mortgage on the line
from Elroy, Wis., to Lake St. Croix, Wis., 177.62
miles, including the bridge over the St. Croix
River, and by second mortgage on the West
Wisconsin land grant, of which 60,239.07 acres
remain unsold. These bonds are exchangeable
for consol. mtge. bonds at any time ; $10,000 of
them have been so retired since Dec. 31, 1902,
leaving $1,907,000 now outstanding.
$7G2,OOO AT0. Wis. Ry. 1st 6s of Jan. 1, 1930,
secured by first mortgage on the line from Lake
St. Croix to Chandler, 80 miles, and upon a
land grant, of which 53,893.64 acres remain un-
sold. These bonds may be exchanged for consol.
mtge. bonds at any time ; $61,000 of them have
been retired in that way since Dec. 31, 1902,
leaving $701,000 now outstanding.
$125,OOO Hudson & River Falls Ry. 1st 8s of
July 1, 1908, secured on the line from Hudson to
River Falls, Wis., 12.5 miles. Consol. mtge. 6
p. c. bonds of 1930 are reserved to retire these
bonds at maturity.
$O,O7O,OOO St. Paul & Sioux City RR. 1st gold
6s of April I, 1919, secured on 608 miles of road
as follows : Line from St. Paul, Minn., to Le
Mars, la., 246 m. ; Lake Crystal to Elmore, 44
m. ; Heron Lake to Woodstock, 46 m. ; Worthing-
ton to Salem, 98 m. ; Luverne to Doon, 28 m. ;
Coburn June, to Ponca, 26 m. ; Covington to
Omaha, 115 m. ; South Stillwater to Lake St.
Croix. 5 miles. Consol. mtge. 6 p. c. bonds of
1930 are reserved to retire these bonds at ma-
turity.
$334,800 St. Paul, Stillwater & Taylors Falls
Ry. 1st 7s of Jan. 1, 1908, secured on the line
from St. Paul to Stillwater and Lake St. Croix,
about 23 miles. Consol. mtge. 6 p. c. bonds of
1930 are reserved to retire these bonds at ma-
turity.
$350,OOO Sault Ste. Marie & Southwestern Ry.
1st 5s of Nov. 1, 1915, secured by first mortgage
343
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
oil the line from Fairchild to Mondovi, Wis.,
36.75 miles.
f 14,534,OOO C., St. P., M. & O. Ry. consol. 6s
of June 1, 1930, secured on the entire property of
the company, subject to prior Hens. The bonds
are authorized to the amount of 116,000 per mile
of road, and at the date of this statement there
had been issued a total of $25,901,800 of them,
but $2,679,000 were reserved to be exchanged from
time to time for the outstanding bonds of the
Chicago, St. Paul and Minneapolis Ry. Co., and
of the North Wisconsin Ry. Co., $6,529,800 addi-
tional were reserved to retire or replace, at ma-
turity, the outstanding bonds of the Hudson and
River Falls Ry. Co., St. Paul and Sioux City
RR. Co. and St. Paul, Stillwater and Taylors
Falls Ry. Co., and the remaining $2,159,000, rep-
resenting about 144 miles of road added to the
system by construction or purchase during the
past few years, were held in the treasury as
general assets of the company. Since Decem-
ber 31. 1902, $71,000 of the reserved bonds have
been issued in exchange for $10,000 of the Chi-
cago, St. Paul and Minneapolis bonds and for
$61,000 of the North Wisconsin bonds, and $2,-
000,000 of the treasury bonds, the rate of inter-
est on which $2,000,000 has been reduced to 3J p. c.
per annum as from Dec. 1, 1902, have been issued
and sold, making the amount of consol. mtge.
bonds now (March, 1903) outstanding $16,605,000.
8. Statement of operations, property and capital accounts, for seven years ending
Dec. 31:
1896
1897
1898
1899
1900
1901
1902
1,422.64
1,492.23
1,877.10
1,753.47
1.422.64
1,492.23
1,886.77
1,771.59
1.422.64
1,492.23
1,896.78
1,792.15
1,449.08
1,498.24
1,953.18
1,859.36
1,487.68
1,543.67
1,992.27
1,910.02
1,487.52
1,574.37
2,037.53
1,967.40
1,523.89
1,604.85
2,123.84
2,073.13
291
178
54
10,415
2,895.178
3,153,858
473.300
Miles of Track Owned
Miles of Steel Rail
269
133
69
8,902
1,790,375
3,365,522
269
133
69
8,902
1,839,042
2,972,203
498,104
269
133
69
9,402
2,085,612
2,830,066
504,370
275
161
53
10,026
2,643,914
2,984,310
353,689
277
169
53
10,386
2.632,294
2,732,611
387.513
277
171
51
10,388
2,701,002
2,911,863
423.290
Mixed Train Miles
Total Rev Mileage
5,155,897
1,522,529
71,277,738
3,540,7«3
5,309,349
1,478,094
66,776,371
3,772,439
647,845.804
$
1,639,359
6,522,428
5.420,048
1,709,713
86,053,417
4,337,958
731,347,471
S
2,000,659
7,069,424
5,981,913
1,922,169
95,362,656
4,792,9.50
789,701,170
$
2,249,159
7,713,047
526,608
5,752,418
1,985,297
100,549,475
4,707,105
755,737,001
2,421,419
7,338.749
581,832
6,036,155
2,201,918
116,432,512
5,073,440
S23, 144,727
$
2,698,943
7,913,796
583,665
6,522.336
2,578,712
136,070,411
6,359,509
849,645.417
$
3,137,708
8,159,226
610.591
Passenper? Carried
Freight (tons) Moved
Freight 'ton) Miles
574.145,415
$
1,695,339
5,983,440
Passenger Earnings
Freight Earnings
477,414
491,000
520,910
8,156,193
4,815.786
8,652,793
5,405,041
9,590,993
5,739,862
10,488,814
6,128,945
10.342,000
6,094,135
11,196.404
6.592,847
11,907.525
7,049,853
3,340,407
321,248
113,947
1,405,353
(7) 787,976
(2) 370,982
3,247,752
332,405
114,626
1,411,470
(7) 787,976
(2) 370,994
3,851,131
351,701
111.523
1,393.852
(7) 787,976
(32) 649,285
420,173
136,621
6,42729
3,84650
2,58079
59.85 p.c.
2.33 c.
0.97 c.
1
21,403,293
12,646,833
26,236.127
75,000
3,182,462
3,856,680
4,359,869
389,191
114,861
1.364,483
(7) 787,976
(5) 927,730
500,000
275,628
7,00076
4.09076
2,910 00
58.43 p.c.
2.36 c.
0.98 c.
S
21,403,293
12,646,833
26,236,127
75,000
3.352,439
2,196,047
4,247.865
395,019
110.243
1,344,478
(7) 787,976
(5) 927,750
500,000
182,399
6,69962
3,947 82
2,751 80
58.93 p.c.
2.41 c.
0.97 c.
$
21,403,293
12,646,833
27,256,324
75,000
3,104,878
2,663,672
4,603,557
421,423
109.786
1,343,097
(7) 787,976
(5) 927.750
600,000
413.525
7,111 C7
4,187 61
2.924 06
58.88 p.c.
2.32 c.
0.96 c.
$
21,403,293
12,640,833
27,256,324
75,000
3,277,856
3,188,103
4,857,672
433.401
111,876
1,394,059
(7) 787,976
(6)1,113,300
600,000
417,060
7,419 71
4,392 84
3.026 87
59.20 p.c.
2.31 o.
0.96 c.
$
21,403,293
12,640,833
27,801,853
75,000
3,517.581
3,728,819
Rentals.
Dividends, Pfpf erred
Dividends Common
Betterments
Balance, Surplus
340,901
5,46577
3,227 24
2,238 53
59.04 P.O.
2.38 c.
1.04 c.
$
21,403,293
12,646,833
26,266,127
75000
230,281
5,79857
3,622 12
2,17645
62.47 p.c.
2.46 c.
1.01 c.
$
21,403,293
12,646,833
26,236,127
75,000
2,393,953
3,689,699
Operating Expenses per Mile
Expenses to Earnings
\ver Rate per Ton per Mile
Preferred Stock
Funded Debt*
Bonds Guaranteed
Operating Liabilities
1.820,573
3,425,508
Profit and Loss
Total Liabilities
65,643,334
56,163,008
66,444,905
56,403,569
67,400,395
56,511,913
65,909,739
55.313,079
| 7,088,088
3,508,572
67,1-50,000
56,245,528
7,691,411
3,213,061
67,847,409
56,733,621
8,365,228
2,748,560
69,173,379
57,984,010
8,436,861
2,752.508
Construction and Equip
Advances, etc
Stocks, Bonds, etc
6,728,706
2,751,620
8,688,556
3,352,780
6,679,789
4,208,693
Operating Assets
Total Assets
65,643,334
66,444,905
67,400,395
65,909,739
67,150,000
67,847.409
69.173,379
•Includes $1,500,000 of 1st mtge. 5 p. c. bonds of the Superior Short Line Ry. Co.
POOR'S MANUAL OF RAILROADS. 343
B. Guaranteed Bondg. — These consist of 1st mtge. 7 p. c. bonds of the Minneapolis Eastern
Ry. Co., due Jan. 1, 1909. The Minneapolis Eastern Ry. is owned by this company and the Chicago,
Milwaukee and St. Paul Ry. Co., each one-half. The total amount of the bonds outstanding is $150,-
000, of which this company guarantees $75,000, both as to principal and interest.
10. General Assets and Property (see General Balance Sheet) consist of the following:
Common and preferred stock and scrip on hand, $4,231,261.64 ; consol. mtge. bonds on hand and
scrip due from trustee, $2,159,052.81; S. Ste. M. & S. W. Ry. 1st mtge. bonds on hand, $50,000;
Minn. Transfer 1st mtge. bonds on hand, $128,000 ; Superior Short Line Ry. Co. bonds, $1,500,000 ;
advances to new lines purchased and under construction, not yet capitalized, $210,096.30 ; capital
stock of various terminal and bridge companies on hand, $68,450 ; Minneapolis Eastern Ry. Co.
(capital stock, $15,000; bonds guaranteed, $75,000), $90,000 — total, $8,436,869-75.
11. Land Department. — The company acquired a land grant aggregating 1,448,619 acres
through the Chicago, St. Paul and Minneapolis, the North Wisconsin, and other lines, and by transfer
to it under an Act of the Legislature of Wisconsin, passed in Feb., 1882, of 453,000 acres originally
granted to the Chicago, Portage and Superior RR. Co. The company held, at the close of the year,
land contracts and bills receivable for lands sold amounting to $197,672.91. There were sold during
the year 31,033.78 acres for $131,521.33, an average of $4.25 an acre; town lot sales, $467.50. On
Dec. 31, 1902, there remained undisposed of from the several grants, 205,540.83 acres.
12. Board of Directors, C., St. P., M. & 0. Ry. Co., as constituted June 6, 1903.
Term expires June, 1903.
E. E. Osborn.. ..New York, N.Y.
Thomas Wilson. St. Paul, Minn.
John M. Whitman. Chicago, 111.
J. A. Humbird. . St. Paul, Minn.
Term expires June, 1904.
W.K.Vanderbilt. NewYork.N.Y.
Albert Keep . Lake Geneva, Wis.
H.McK.Twombly NewYork.N.Y.
F.W.Vanderbilt.New York.N.Y.
Term expires June, 1905.
Marvin Hughitt. .. Chicago. 111.
Byron L. Smith. . "
C. M. Depew...New York, N. Y.
David P. Kimball.Boston.Mass.
Horace G. Hurt . . Omaha, Neb.
Executive Committee. — Marvin Hughitt, H. McK. Twombly, Chauncey M. Depew, Wm. K.
Vanderbilt, E. E. Osborn, David P. Kimball, and F. W. Vanderbilt.
MARVIN HUGHITT, President Chicago, 111.
E. E. Osborn, V 'ice-President and Asst. Secretary New York, N. Y.
James T. Clark, 2d Vice-President St. Paul, Minn.
Secretary — E. E. Woodman Hudson, Wis. Comptroller — L. A. Robinson St. Paul, Minn.
General Mfjr. — A. W. Trenholm. .St. Paul, Minn.
Treas. & 2d Asst. Sec. — S.O.Howe.. New York.N.Y.
Asst. Treas. & 3d Asst. Sec. — R. H. Williams. .New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS . . Corner Fourth and Rosabel Sts., St. Paul, Minn.
New York Office '. 52 Wall St. | Chicago Office 22 Fifth Ave.
CHICAGO AND WESTERN INDIANA RAILROAD COMPANY.
1. Main Line of Road.— Polk St., Chicago, to Dolton, 111. 16.99 m.
Branches: Hammond, 10.28 m. ; Cragin, 15.9 m. ; So. Chicago, 5.41 m. 31.59 m. — 48.58
miles. 2d track, 45.10 m. ; 3d track, 9.75 m.; 4th track, 9.75 m. : sidings, 105.92 m. —
total track, 219.10 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 66 and 80 Ibs.
S2. History. — Organized June 5, 1879; consolidated, Jan. 26, 1882, with the South
Chicago and W. I. RR. Co. and the C. & W. I. Belt Ry. Co. (See MANUAL for 1893,
page 165.)
3. Property. — The real estate (including wharf property on the Chicago River)
owned in fee simple, and covered by the general mortgage consists of about 900 acres of
hind within the city limits used for right of way, switch and transfer yards, and pas-
senger and freight depots leased to various companies.
4. Leases. — The Belt Division and the Indiana Elevator are leased to the Belt Ry.
Co. of Chicago, and the re.^t of the property is leased conjointly by the Chicago and Eastern
Illinois, the Wabash, the Grand Trunk Western, the Chicago and Erie, the Chicago,
Indianapolis and Louisville (each of the companies named owning $1,000,000 of the capi-
tal stock )f the Atchison, Topeka and Santa FS and the Elgin, Joliet and Eastern Cos., the
lessees paying all expenses of operation and maintenance on a mileage basis. The leases
are all covered by the mortgage as additional security.
5. Rolling Stock, June 30, 1902. — Locomotives, 45. Cars — flat, 80; stone dump,
50; service, 43 — total, 183. Also 2 steam derricks. Of this equipment, 42 locomotives, 80
Hat, 50 stone dump, and 20 service cars are leased to the Belt Ry. of Chicago. In
Sept., 1902, 250 coal cars and 50 box cars were added to the above and leased to the
Belt Ry. Co. of Chicago.
344
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
6. Income Account, year ending June 30, 1902. — Rentals from lessees, $1,083,049.86;
from rental of houses and lands, $18,414.47; discount, interest, and exchange, $875.22;
miscellaneous earnings, $7,070.81 — total, $1,109,410.36. Payments: Interest on bonds.
$608,740; sinking fund, $227,804.71; dividends (Sept. and Dec., 1901, and March and
June, 1902, \y2 p. c. each), $300,000; trustee's commission, $4,202.45 — total, $1,140,-
747.16. Deficit, $31,336.80; surplus forward, $670,033.83; net surplus, $638,697.03. Fifty-
four dividends have been paid to date.
6a. Income Account, year ending Dec. 31, 1902.— Rentals from lessees, $960,-
701.44; rentals from houses and lands, $28,821.40; discount, interest and exchange, $50,-
717.81; miscellaneous earnings, $13,100.03 — total, $1,053,340.68. Payments: Interest
charges, $733,806.67; trustees' commissions, $4,343.45; expense of houses, $5,575.61;
sundries, $5,753.67; dividend (6 p. c.), $300,000— total, $1,049,479.40. Surplus, $3,-
861.28; surplus forward, $658,678.74— total, $662,540.02.
7. Capital stock, bonded debt, and income account for seven years ending June 30:
Years.
Capital
Stock.
*
1896 5,000,000
1897 5,000,000
J898 5,000,000
1899 5,000,000
1900 '5,000,000
1901 5,000,000
1902 5,000,000
Bonded
Debt.
I
10,968,667
10,801,667
10,840,067
10,651,667
10,450,667
Cost and
Investments.
$
19,233,695
19,361,623
19,617,527
19,679,516
19,946,531
10,238,667 20,091,318
10,013,667 20,260,094
Gross
Income.
$
1,151,434
1,163,254
1,104,942
1,137,297
1,129,531
1,130,921
1.109,410
Interest
Dividends
Other
Total
Balance,
Paid.
Paid.
Payments.
Payment*.
(-for-).
$
$
$
"$
$
663,630
300,000
163,334
1,126,964
-1-24,470
653,990
300,000
173,022
1,127,012
-j-36,242
646,492
300,000
183,454
1,129,946
-25,004
645,730
300,000
194,568
1,140,298
-3,001
634,120
300,000
206,313
1,140,433
—10,902
621,800
300,000
218,772
1,140,572
-9,651
608,740
300,000
232,007
1,140,747
—31,337
8. General Balance Sheet, June 30, 1902.
Cost of Road, Real Estate, etc $19,882,451 08
Rolling Stock 377,64255
Materials and Fuel 111,45647
Current Accounts 185,48329
Cash on Hand 25,893 27
Cash in Hands of Trustees 109,86194
Cash in Hands of J. P. Morgan & Co.. 19,365 00
Capital Stock ($100 shares) $5,000,00000
Funded Debt (see below) 10,013,66667
Bills Payable 490,00000
Current Accounts 107,80047
Sinking Fund Accounts 4,396,18110
Interest Accrued, not Due 50,793 33
Interest Coupons not Presented 10,81500
Bonds Called, not Presented 4,20000
Profit and Loss 638,69703
Total Assets $20,712,15360 Total Liabilities $20,712,15360
8a. General Balance Sheet, Dec. 31, 1902.— Capital stock, $5,000,000 ; funded
debt (1st mtge. bonds, since retired, $27,000; gen. mtge. bonds, $9,868,666.67; consol. mtge.
bonds, $6,873,000), $16,768,666.67; bills payable, $15,000; current liabilities, $296,054.08;
sinking funds paid in, $42,965.51; interest accrued on bonds, $183,073.33; income ac-
count, $662,540.02 — total, $22,968,299.61. Contra: Construction, $21,827,240.08; current
accounts, $240,028.84; cash, $755,568.61; materials, $145,462.08 — total, $22,968,299.61.
9. Funded Debt. — Funded debt outstanding June 30, 1902, consisted of $145,000 1st gold 6s
of Nov. 1, 1919, and $9,868,666.67 gen. gold 6s of Dec. 1, 1932. The 1st mtge bonds have been
cancelled by operation of the sinking fund, $118,000 of them on Nov. 1, 1902, and the remaining
$27,000 on Jan. 1, 1903. The gen. mtge. bonds are provided with a sinking fund -from Jan. 1, 1886,
sufficient to discharge the bonds at 105 and interest, at which price they are redeemable by lot. The
bonds are secured on the entire property of the company and also on the rentals from the lessees.
The mortgage provides that the total rentals shall be at all times at least 20 p. c. in excess of the
interest requirements. By operation of the sinking fund, $33,000 of the gen. mtge. bonds were taken
up on March 1, 1903, and $62,000 on June 1, 1903.
10. Consolidated Mortgagee Gold Bonds. — On July 1, 1902, the company executed a
mortgage, covering its entire property, in favor of the Illinois Trust and Savings Bank of Chicago, as
trustee, to secure an issue of $50,000,000 of consol. mtge. 4 p. c. 50-yr. gold bonds. Both principal
and interest are payable in gold, free of all taxes, payments to be made in Chicago or in New York
at the option of the bondholder. Bonds amounting to $18,369,000 will be issued at first, $4,000,000
of them for immediate use in track elevation and other permanent improvements and additions ;
$4,355,000 to repay the proprietary tenant companies and the Belt Ry. Co. of Chicago the par value
of bonds of prior issues heretofore cancelled by the respective payments into the sinking fund, and
$10,014,000 for the retirement at or before maturity of the $145,000 1st mtge. bonds and the $9,868,-
666.67 gen. mtge. bonds. Bonds of this issue to the amount of $8,195,000 were issued prior to July
1, 1903, for some of the purposes mentioned. The remaining $31,631,000 of the bonds (in excess
of the $18,369,000 issue) may be issued from time to time, as set forth in the mortgage, under such
conditions as will insure the ownership by the Chicago and Western Indiana RR. Co. of additional
property of equal value to the amount of bonds issued, but only to an amount the interest on which
shall have been provided for by the rentals payable under actually executed leases between the com-
pany and other railroad companies, and only when such leases shall have been properly assigned
and transferred to the trustee as part of the security under the mortgage. The bonds are in coupon
form, for $1,000 each, with provision for registration as to principal alone or as to principal and
interest, and with provision for conversion into fully registered bonds of the denomination of $10,000.
POOR'S MANUAL OF RAILROADS.
345
11. Directors (elected June 3, 1902).— VV. H. Lyford, W. O. Johnson, W. H. McDoel,
E. P. Ripley, Chicago, 111.; Chas. M. Hays, Montreal, Can.; E. B. Pryor, St. Louis, Mo.
B. THOMAS, President and General Manager Chicago, 111.
E. A. Bancroft, V 'ice-President and General Solicitor "
Treasurer — J. E. Murphy Chicago, 111. | Secretary and Auditor — M. J. Clark. Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Dearborn Station, Chicago, 111.
CHICAGO, BURLINGTON AND QUINCY RAILWAY COMPANY.
(Lessee of Chicago, Burlington and Quincy BB.)
History. — Incorporated in Iowa on Oct. 16, 1901, and took a lease of the Chicago,
Burlington and Quincy RR. for 99 years from Sept. 30, 1901, at a rental of (1) the inter-
est on the funded debt, (2) sinking fund charges, (3) taxes and (4) dividends at the
rate of 7 p. c. per annum on the capital stock. The lease became effective as of Oct. 1,
1901. The company has decided not to issue a report for the period ending June 30, 1902.
Directors (elected Nov. 5, 1902). — George B. Harris, Darius Miller, Chicago, xJU. ;
James J. Hill, St. Paul, Minn.; James Stillman, William P. Clough, E. H. Harriman,
John S. Kennedy, George W. Perkins, Wm. H. Mclntyre, Mortimer L. Schiff, New York,
N. Y. ; Charles E. Perkins, Burlington, la.
GEORGE B. HARRIS, President Chicago, 111.
Darius Miller, 1st V 'ice-President "
Howard Elliott, 2d V ice-President " "
Treasurer — T. S. Rowland Chicago, 111. Secretary — H. E. Jarvis Burlington, la.
Asst. Sec. — Geo H. Earle New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
CHICAGO, BURLINGTON AND dUINCY RAILROAD COMPANY.
(For map of this system, see page 347.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
History 5
Income Acct, June 30, 1902.. 6
Land Department 14
Lease to C., B. & Q. Ry 5
Lines of Road 4
Mileage and Equip. ,1896-1902. 13
Mileage Operated 1
Operations and Inc.,1896-1902. 13
Properties not Covered by
Outstanding Bonds 11
Proprietary Lines 5
Rolling Stock 3
Sinking Funds 12
Trackage Rights 2
Capital Stock 8
Controlled Roads 5, 15
Directors and Officers 16
Dividends 9
Earnings, Expenses, etc.... 6
Funded Debt, Details of 10
Gen. Bal. Sheet.June 30, 1902. 7
Gen. Balances, 1896-1902.... 13
1. Mileage Operated, June 30, 1902 (owned absolutely, 5,702.14 miles).
Main Line: Chicago, UL, to Denver, Col 1,022.49 miles.
fit. Paul and Minneapolis Line: South Aurora, 111., to Minneapolis, Minn. . 406.70
St. Louis and Burlington Line: St. Louis, Mo., to Burlington, la 216.71
Hannibal and St. Joseph Line: Hannibal to St. Joseph, Mo 206.52
Kansas City and Omaha Line: Kansas City, Mo., to Omaha, Neb 195.38
Nebraska and Montana Line: Lincoln, Neb., to Billings, Mont 837.41
Cheyenne Line: Dewitt, Neb., to Cheyenne, Wyo 471.91
Other Divisions and Branches (details in Sec. 4) 4,766.70
Total length of lines operated as C., B. & Q. RR., June 30, 1902 8,123.82 miles.
arrow-Gauge Controlled Railroads (details not reported) 229.22
Quincy, Omaha and Kansas City RR.: West Quincy to Trenton, Mo 134.03
Omaha, Kansas City and Eastern RR. : Trenton to Pattonsburg, Mo 33.97
Kansas City and Northern Connecting RR.: Pattonsburg to K. City, Mo. . 91.32
Jacksonville and St. Louis Ry--' Jacksonville to Centralia, 111 112.30
Total mileage of system, June 30, 1902 8,724.66 miles.
346
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
The C., B. & Q. RR. Co. controls 229.22 miles of narrow-gauge railroads, its invest-
ment in the securities of which amounted to $3,092,856.94 on June 30, 1902. The names
of the companies owning those roads are not given in the report of the C., B. & Q. RR. Co.,
but it may be stated that the Burlington and Western RR. Co. and the Black Hills and
Fort Pierre RR. Co. are two of them. The results from the operation of the narrow-
gauge roads are included in the income account of the C., B. & Q. RR. Co., although those
roads have been nominally operated as separate properties. The Davenport, Rock Island
and Northwestern Ry. (see GENERAL INDEX) is owned by the C., B. & Q. RR. Co. and the
Chicago, Milwaukee and St. Paul Ry. Co., each one-half. The C., B. & Q.'s proportion of
the earnings and expenses of the road is included in the income account, Section 6. The
control of the Jacksonville and St. Louis Ry. was acquired by the C., B. & Q. RR. Co. in
April, 1902, but that road continues to be operated as an independent property. State-
ments for the controlled railroads are subjoined hereto.
2. Trackage Rights. — The following lines and parts of lines are leased and oper-
ated jointly with other companies; their mileage is included in Sec. 4:
Davenp., Rock Island & N. W. Ry. : Miles.
Rock Island, 111., to Clinton, la 38.02
Union Pacific RR. :
U. P. Transfer, la., to Omaha, Neb 2.79
M., K & T. Ry. and H. U. Depot:
At Hannibal, Mo 0.46
Atchison and Eastern Bridge:
Winthrop, Mo., to State Line 0.39
Atch. U. D. & RR.:
At Atchison, Kan 0.10
Leavenworth Terminal Ry. and Bridge :
Stillings, Mo., to Leavenworth, Kan 1.73
Keokvk and Hamilton Bridge:
At Keokuk, la 0.03
Chicago, Rock Island & Pacific Ry. :
At Carson, la 0.23
Miles.
. 1.22
0.97
BAST OF MISSOURI RIVEB.
Pennsylvania Company :
Depot to 16th St., Chicago, 111
Chicago and Northwestern Ry. :
East Clinton, 111., to Clinton, la...
Illinois Central RR. :
Portage Curve to East Dubuque, 111 12.78
East Dubuque to Dunleith 6 Dub. Bridge 0.46
Dunleith and Dubuque Bridge :
Mississippi River, Dubuque, la 0.66
St. Paul Union Depot:
At St. Paul, Minn 0.53
Great Northern Ry. :
Minneapolis to St. Paul, Minn 11.65
Minneapolis Union Ry. :
At Minneapolis, Minn 2.21
Winona Bridge Ry. :
East Winona, Wis., to Winona, Minn 0.98
Quincy Bridge:
Quincy, 111., and West Quincy, Mo 1.43
C., C., C. & St. L. Ry. :
Alton to East St. Louis, 111 £2.58
St. C., M. & St. L. Belt RR. .
Alton, 111., to West Alton, Mo 2.93
St. L. Tar. RR. & St. L. Mers'. Br. Ter. RR. :
At St. Louis, Mo 3.88
Chicago and Alton Ry. :
East Louisiana, 111., to Louisiana, Mo — 2.07
At Louisiana, Mo 0.34
CM., Peoria and St. Louis Ry. :
At Alton, 111 0.22
Wabash RR.:
East Hannibal, 111., to Hannibal, Mo.... 1.60
Moulton to IHoomfleld Junction, la 14.11
Kansas City Union Depot :
At Kansas City, Mo 0.20
WEST OF MISSOURI RIVER.
St. Joseph and Grand Island Ry. :
Fairfleld to Alma June., Neb 2.65
K., C. & O. June, to Fairbury, Neb 6.59
Northern Pacific Ry. :
Huntley to Billings, Mont 12.62
Colorado and Southern Ry. :
Utah Junction to Burns Junction, Col 11.30
Union Pacific RR. :
Sterling to Union, Col 23.67
Gilmore to South Omaha, Neb 4.54
At Stromsburg, Neb 0.22
South Omaha Stock Yards :
At South Omaha, Neb d.41
3. Rolling Stock, C., B. & Q. RR. and controlled roads, June'30, 1902:
C.B.&Q.
RR.
•
Controlled Roads.
Totals.
Standard
Gauge.
Narrow
Gauge.
1,175
712
266
19
32,715
11,279
36
2l
8W
395
26
18
6
'23i
432
1,237
757
279
19
33,762
12,106
Cars Producing
Totals. .
Revenue — Passenger and Combination
Baggage Mail and Express
Box and Stock
Coal, Flat and Ore
44,991
654
1,245
25
687
12
46.923
691
Service Cars. . .
348
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
4. Lines of Road Operated. — The following statement shows in detail the lines
operated by the company on June 30, 1902:
ROADS EAST OF THE MISSOURI RIVER.
C., B. & Q. RR. (2,676.42 miles) : Miles.
Chicago, 111., to Pacific Junction, la 479.04
Pacific Junction, la., to Council Bluffs, la. 17.25
Council Bluffs, la., to Omaha, Neb 4.16
Galesburg to Quincy, 111 100.05
Quincy, 111., Loop Line 1.78
Aurora to West Chicago, 111 12.35
Geneva, via Aurora to Streator, 111 67.25
South Aurora, 111., to Minneapolis, Minn.. 406.70
Oregon to Forreston, 111 17.96
Flag Center to Rockford, 111 23.50
Galena Junction to Galena, III 3.82
East Dubuque. 111., to Dubuque, la 1.65
East Winona, Wis., to Winona, Minn 2.32
Sheridan, via Earlville, to Paw Paw, 111.. 19.54
Streator to Walnut, 111 59.49
Shabbona to Sterling, 111 47.98
Mendota to Savanna, 111 81.73
East Clinton, 111., to Clinton, la 1.40
Buda to Elmwood, 111 44.82
Yates City to Rushville, 111 62.79
Galva, via Arpee, to New Boston, 111 50.63
Arpee to Keithsburg, 111 6.25
Gladstone to Keithsburg, 111 17.13
Galesburg to Peoria, 111 52.77
Galesburg to Rio, 111 12.22
Carthage June., via Car. to Quincy, 111... 70.44
Quincy, 111., to Louisiana & Hannibal, Mo.. 50.13
Rock Island to East St. Louis, 111 246.42
East Alton, via, Alt.&W.Alt.to St.Louis.Mo. 26.86
Rock Island, 111., to Clinton, la 38.02
Barstow to Sterling, 111 40.44
Ft. Madison, la., to Batavia, la 55.95
Albia, via Knoxville, to Des Moines, la... 67.94
Chariton, la., to St. Joseph, Mo 143.03
Bethany Jc., via Grant City to Albany, Mo. 65.54
Chariton to Indianola, la 30.49
Creston, la., to Hopkins, Mo 44.61
Creston, via Fontanelle, to Cumberland, la. 47.83
Villisca, la., to Burlington Junction, Mo.. 35.00
Clarinda to Northboro, la 17.82
Red Oak to Nebraska City Junction, la... 46.14
Red Oak to Griswold, la 18.04
Hastings to Sidney, la 21.12
Hastings to Carson, la 16.02
ROADS WEST OF THE MISSOURI RIVER.
The B. & M. R. RR. in Neb. (3,928.12 miles) :
Pacific Junction, la., to Denver, Col 543.45
St. Joseph, Mo., to Oxford Junction, Neb.. 294.92
Lincoln, Neb., to Billings, Mont 837.41
Oreapolis to Omaha, Neb 16.88
Omaha, via Ashland, to Schuyler, Neb 80.59
South Omaha to Pappio, Neb 9.42
Nebraska City June., la., to Lincoln, Neb. 62.59
Nebraska City, via Nemaha to Salem, Neb. 44.57
Nemaha, via Tecumseh, to Beatrice, Neb. 65.19
Atchison, Kan., to Rulo Junction, Neb — 45.45
Table Rock to Lincoln, Neb 60.64
Lincoln, via Milford, to Columbus, Neb... 73.49
Crete to Wymore, Neb 42.73
Odell, Neb., to Concordia, Kan 71.04
Dewitt, Neb., to Cheyenne, Wyo 471.91
Miles.
Fairmont, via Strang, to Chester, Neb ... 45 19
Edgar to Superior, Neb 2653
Aurora, via Hastings, to Lester, Neb....!. 64.18
Aurora to Ericson, Neb 8265
Palmer to Sargent, Neb 7329
Greely Center to Burwell, Neb 4038
Kenesaw to Kearney, Neb 24^14
Republican, Neb., to Oberlin, Kan 7823
Orleans, Neb., to St. Francis, Kan 13379
Culbertson to Imperial, Neb 49.17
Denver, Col., to Lyons and Tower, Col 46^97
Edgemont to Deadwood, S. D 106.40
Englewood to Spearflsh, S. D 3191
Minnekahta to Hot Springs, S. D 13.34
Newcastle to Cambria, Wyo 7 00
Hill City to Keystone, S. D 9.50
Alliance, Neb., to Brush, Col 150.11
Northport, Neb., to Guernsey, Wyo 94.91
Toluca, Mont., to Cody, Wyo 130.15
ROADS IN MISSOURI AND IOWA.
Missouri Lines (1,085.46 miles) :
St. Louis, Mo., to Burlington, la
Branch to Franklin Ave. Sta., St. Louis..
Keokuk, la., to Mt. Pleasant, la
West Quincy, Mo., to Quincy, 111
Cuivre Junction to St. Peters, Mo
Bellefontaine Junction, Mo., to Alton, 111.
Alton to East St. Louis, 111
Viele, la., to Carrollton, Mo
Hannibal to St. Joseph, Mo
Palmyra Junction, Mo., to Moody, Mo. . .
Cameron, Mo., to Harlem, Mo
Kansas City, Mo., to Council Bluffs, la. .
Council Bluffs, la., to Omaha, Neb
Armour, Mo., to Atchison, Kan
East Leavenworth, Mo., to Leavenw.,Kan.
Amazonia, Mo., to Hopkins, Mo
Bigelow, Mo., to Burlington Junction, Mo.
Corning, Mo., to Northboro, la
At St. Joseph, Mo
216.71
1.36
48.43
3.59
10.60
3.32
23.84
195.67
206.52
8.58
52.52
191.22
4.16
4.00
2.78
50.44
31.54
27.61
2.57
KEOKUK AND WESTERN DIVISION.
Keokuk to Shenandoah, la 244.33
Des Moines, la., to Cainsville, Mo.. .110.70— 365.03
KANSAS CITY AND OMAHA RY.
Stromsburg to Fairfield, Neb 67.22
McCool to Fairbury, Neb 50.68
Fairfield to Alma, Neb 85.24—203.14
Total number of miles operated 8,248.17
Deduct for mileage operated jointly by
two or more of the divisions 124.35
Actual mileage operated 8,123.82
DIVIDED AS FOLLOWS :
Lines owned absolutely 5,702.14
Leased (proprietary) Lines 2,235.12
Trackage Rights 186.56—8,123.82
2d track, 466.80 m. ; 3d track, 23.55 m.; sidings, etc., 1,833.63 miles. Gauge, 4 ft. Sy2 in
Rail (steel, 'J.564.61 miles), 56 to 75 Ibs.
5. History. — Chartered as Aurora Branch RR. Co., Feb. 12, 1849; name changed
to Chicago and Aurora RR. Co., June 22, 1852; to present corporate title Feb. 14, 1855.
By one or another of the companies named were built the section of main line from
Chicago to Mendota, 111., 76.89 miles, and the branch from Aurora to West Chicago, 111.,
12.35 miles. The rest of the mileage was acquired from time to time by purchases at fore-
closure sales, by consolidations, and by construction under the charters of various pro-
prietary companies. (See MANUAL for 1901, page 213 et seq.) As a result of the ab
POOR'S MANUAL — CHICAGO, BURLINGTON AND QUINCY RR. CO.
349
sorption of proprietary and controlled companies in late years the C., B. & Q. RR. Co.
has become the owner in fee simple of the entire system east of the Missouri River and of
all except the following mileage west of the Missouri River (this mileage is fully incor-
porated with the system, the C., B. & Q. RR. Co. owning all the securities issued thereon) :
Omaha -ind Southwestern RR. : Miles.
Omaha to Oreapolis, Neb 16.88
Crete to Beatrice. Neb 31.04
Pappio to Gilmore Junction, Neb 3.87
Nebraska Ry. :
Nemaha to York, Neb 135.78
Nebraska City Bridge Line 5.77
Atchison and Nebraska RR. :
Atchison, Kan., to Lincoln, Neb 144.95
Rulo, Neb., to Rulo Bridge Junction 3.42
Lincoln and Northwestern RR. :
Lincoln to Columbus, Neb 73.49
Burlington and Colorado RR.:
Nebraska State Line to Denver, Col 174.89
Nebraska and Colorado RR. :
DeWitt, Neb., to Colorado State Line.... 298.32
Kenesaw to Oxford, Neb 60.67
Fairmount to Chester, Neb 45.19
Edgar to Superior, Neb 26.53
Chicago, Nebraska and Kansas RR. :
Odeil, Neb., to Concordia, Kan 71.04
Republican Val., Kan. & Southwestern RR. :
Republican, Neb., to Oberlin, Kan 78.23
Omaha and North Platte RR.:
Omaha to Schuyier, Neb 80.59
At South Omaha, Neb 0.60
Lincoln and Black Hills RR. : Miles.
Central City to Ericson, Neb 62.94
Palmer to Sargent, Neb 73.29
Greeley Centre to Burwell, Neb 40.38
Oxford and Kansas RR. :
Orleans, Neb., to Kansas State Line 59.61
Beaver Valley RR. :
Nebraska State Line to St. Francis, Kan. 74.18
Colorado and Wyoming RR. :
Neb. State Line to Wyoming State Line. . 144.58
Cheyenne and Burlington RR. :
Colorado State Line to Cheyenne, Wyo.. 29.01
Denver, Utah and Pacific RR. :
Denver to Utah Junction, Col 3.00
Burns Junction to Lyons, Col 32.67
Republican Valley and Wyoming RR. :
Culbertson to Imperial, Neb 49.17
Nebraska, Wyoming and Western RR. :
Alliance, Neb., to Guernsey, Wyo 128.83
Northport, Neb., to Colorado State Line.. 53.28
Denver and Montana RR. :
Brush to Union, Col 11.30
Sterling, Col., to Nebraska Line 27.85
Kansas City and Omaha Ry. :
Stromsburg to Fairfleld, Neb 67.00
Alma June, to Alma, Neb 82.59
McCool June, to St. J. & G. I. June., Neb. 44.09
Lease to C., B. & Q. Ry. Co. — Effective Oct. 1, 1901, a lease was made conveying all
the railroad and property of every kind of the Chicago, Burlington and Quincy RR. Co. to
the Chicago, Burlington and Quincy Ry. Co., for the term of 99 years from Sept. 30,
1901. The lessee assumes all contracts and obligations of the C., B. & Q. RR. Co., and
agrees to pay as rental (a) the interest on all outstanding bonds and on such additional
bonds as may be issued during the term of the lease, (b) sinking funds, (c) taxes, and
(d) quarterly dividends at the rate of 7 p. c. per annum on the capital stock.
Control of Quincy Railroad Bridge. — In Nov., 1902, this company offered to purchase
not less than 55 p. c. of the capital stock of the Quincy Railroad Bridge Co. at the
price of $200 per share, payment to be made in Illinois Division 3% p. c. bonds. The offer
has been accepted by the holders of more than the required amount of the stock.
G. General Income Account, year ending June 30, 1902.
Earnings— Passenger $12,857,266 86
Freight 36,072,079 68
Mail and Express 2,993,96513
Other Sources 1,871,933 80
Total ($6,631.02 per mile) $53,795,24547
Net Earnings, 1901-02 (36.78 p. c.) .. .$19,785,406 68
Income on Securities Owned / OCA coo "«
Other Income and Interest £WMH» <
Net Receipts of Land Departments.. 90,176 23
Total Net Income $20.126,2]! 67
Expenses— Maint. Way and Struct. . $7,786,363 86
Maintenance of Equipment 7,430,935 09
Conducting Transportation 17,336,771 58
General 1,455,76826
Total ($4,194.04 per mile) $34,009,838 79
Taxes $1,673,036 74
Interest on Bonds 7,253.106 19
Rentals 493,32698
Sinking Funds 623,131 00
Total Charges $10,043,100 91
Net profit for year, $10,083,110.76. Deductions: Dividends on stock not deposited as
collateral to Great Northern-Northern Pacific joint bonds (Sept. 25, 1901, 1% p. c.; Jan. 1,
April 1 and July 1, 1902, 1% p. c. each), $213,602; interest on $215,153,000 Great North-
ern-Northern Pacific joint 4 p. c. bonds, $8,606,120 — total, $8,819,722. Balance, surplus
for year, $1,263,388.76.
For the three months ending Sept. 30, 1901, a dividend was declared at the rate of 6
p. c. per annum. For the remainder of the fiscal year, the C., B. & Q. Ry. Co. paid as rental,
dividends at the rate of 7 p. c. per annum on the stock of the C., B. A Q. RR. Co. The divi-
dends upon the stock of the Railroad Company deposited as collateral security for the Great
350
POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Northern-Northern Pacific joint 4 p. c. bonds were, for the convenience of all concerned,
applied directly to the payment of the interest on these bonds.
7. General Bnl'ince Sheet, June 30, 1902.
Cost of Road and Equipment $294,277,364 27
Cost of Investments in Securities of
Controlled Roads :
Davenp., Rk. Isl. & N.
W. RR. Co $1,803,45940
Kans.Cy. & Oma.Ry.Co. 1,150,489 99
Jacksonv. & St.L.Ry.Co. 1,013,301 34
Narrow Gauge RRs 3,092,85694 — 7,060,10767
Sundry Investments 7,910,30768
Trustees of Sinking Funds 12,673,35503
Material and Supplies 3,546,03703
Sundry Available Securities 1,018,00008
Bills and Accounts Receivable 6,348,99004
Cash on Hand 8,111,09740
Total Assets $340,945,259 20
Capital Stock ($100 shares) $110,800,600 00
Funded Debt (see Sec. 10) 152,072,40000
Interest Payable July 1, 1902 2,109,30000
Current Liabilities 10,232,348 94
Voluntary Relief Fund 556,89017
Fire Insurance Fund 340,24508
Replacement Fund 1,673.56439
Renewal Fund 10,000,00000
Income Account 19,785,021 32
Profit and Loss 13,022,599 17
Sinking Funds (see Sec. 12) 20,352,290 13
Total Liabilities $340,945,259 20
8. Capital Stock. — Capital stock outstanding on June 30, 1901, amounted to $110,577,700.
Shares amounting to $222,900 were issued during the year in exchange for C., B. & Q. convertible
bonds of 1903. The total outstanding on June 30, 1902, as per general balance sheet, was $110,-
800,600. More than 97 p. c. of the capital stock is owned by the Northern Pacific Ry. Co. and Great
Northern Ry. Co. and is deposited as collateral to the joint 4 p. c. bonds of those companies.
9. Dividends Paid. — During its existence the company has paid (to June 30, 1902) a total
of 133 regular cash dividends, aggregating 333 p. c., or $136,418,062 ; besides which the following
distributions of stock have been made : Nov. 15, 1862, $946,900 ; May, 1864, $745,600 , Oct. 31,
1865, $1,675,300 ; Sept. 15, 1867, $2,079,800 ; March 15, 1869, $1,254,390 — a total of $6,701,990
paid in stock. A statement showing the dates and rates of all dividends paid by the company, up to
and including that of June 15, 1898, is in the MANUAL for 1898, page 385. Later payments are
shown in the table of Dividends Paid by Railroad Companies — see General Index.
10. Funded Debt. — The following is a detailed statement of the funded debt outstanding on
the C. B. & Q. RR. on June 30, 1902. The funded debt of the C., B. & Q. RR. Co. together with the
contingent liabilities for branch roads amounted as per general balance sheet to $152,072,400, but
that sum included $12,864,500 of uncancelled bonds held in sinking funds. A detailed description
of the several issues of bonds is in the Ready Reference Bond List — see General Index.
C., B. £ Q. RR. Bonds.
Consol. 7s of July 1, 1903, int. J. & J. .. .$21,699,200
ia. Div. Sink. Fd. 5s of 1919, int. A. & O. 2,566,000
la. Div. Sink. Fd. 4s of 1919, int. A. & O. 8,390,000
Sink. Fd. 4s of Sept. 1, 1921, int. M. & S. 4,300,000
Denver Ext.S.F.4s of Feb.l,1922,int.F.&A. 7,968,000
Plain 5s of May 1, 1913, int. M. & N.. 9,000,000
Neb.Ext.S.Fd.4s of May l,1927,int.M.&N. 25,900,000
1st Series Conv. 5s of Sept. 1, 1903.... 138,100
2d Series Conv. 5s of Sept. 1, 1903.... 204,100
Ch. & la. Div.5s of Feb.1,1905, int.F.&A. 2,320,000
111. Div. 3Js of July 1, 1949, int. J. & J. 36,546,000
B. £ M. R. RR. in Neb. Bonds.
Consol.S.Fd.6s of July 1, 1918, int.J.&J. .$13,535,000
Sink. Fund 4s of Jan. 1, 1910, int. J.&J. 3,347,000
Rep.Val.RR.S.F.6sof July l,1919,int.J.&J. 1,078,000
Bonds of Missouri Lines.
H.&St.J.RR.6s of Mch. 1, 1911, int.M.&S. $8,000,000
K,C.,St.J.&B.C.73 of Jan. l,1907,int.J.&D. 5,000,000
Tarkio Val. 7s of June 1, 1920, int.J&D. 188,000
Nodaway Val. 7s of June l,1920,int.J.&D. 168,000
Contingent Liabilities (see Sec. 14).
Atch. & Neb. RR. 1st 7s of 1908,int.M.&S. $1,125.000
Lin. & N. W. RR. 1st 7s of 1910,int.J.&J. 600,000
FURTHER PARTICULARS RESPECTING C., B. & Q. RR. BONDS.
Consolidated Mortgage Bonds. — Secured by first mortgage on the following lines owned in fee
simple, and on 204 miles of second track in Illinois, and the company's terminals in Chicago : Chi-
cago, 111., to Burlington, la., 204.27 m. ; Peoria to Galesburg, 111., 52.77 m. ; Galesburg to Quincy,
111., 100.05 m. ; Aurora to Turner Junction (West Chicago), 111., 12.35 m. ; Yates City to Rushville,
111., 62.79 m. ; Geneva via Aurora to Streator, 111., 67.25 m. ; Shabbona to Sterling, 111., 47.98 m. ;
Mendota to East Clinton, 111., 65.35 m. ; Buda to Elmwood, 111., 44.51 m. ; Galva to New Boston, 111.,
50.63 m. ; East Burlington (Carthage Junction) to Quincy, 111., 70.20 m., and Arpee to Keithsburg,
111., 6.25 m. ; a total of 784.40 miles. Also secured by first mortgage on the Keokuk and St. Paul
Ry., from Burlington to Keokuk, la., 42.33 m. ; making the total length of lines covered by the
mortgage, 826.73 miles. Practically all of the bonds have been deposited under an agreement to
extend the payment of them to July 1, 1905, interest to be at the reduced rate of 4 p. c. per annum.
Iowa Division Mortgage Sinking Fund Bonds. — Secured by first mortgage on the following lines
owned in fee simple, and on 85.69 miles of 2d track in Iowa : Burlington to Pacific Junction, la.,
276.86 m. ; Red Oak to Hamburg, la., 39.17 m. ; Chariton to Leon, la., 36.72 m. ; Creston, la., to
Hopkins, Mo., 42.75 m. ; main track in Council Bluffs, la., 1.57 m. ; a total of 397.07 miles. Also se-
cured on certain branches in Iowa and Missouri, as follows : Leon, la., to Grant City, Mo., 57.72 m. ;
Bethany June., la., to Albany, Mo., 46.22 m. ; Hastings to Sidney, la., 21.12 m. ; Villisca June, to
Burlington June., Mo., 35 m. ; Clarinda to Northboro, la., 17.82 m. ; Red Oak to Griswold, la., 18.04
m. ; Creston to Fontanelle, la., 27.5 m. ; Hastings to Carson, la., 15.79 m. ; Chariton to Indianola,
la., 33.16 m. ; Knoxville to Des Moines, la., 35.02 m. ; Albany to St. Joseph, Mo., 48.09 m. ; Fonta-
nella to Cumberland, la., 20.33 m. ; Albia to Knoxville, la., 32.92 m. ; and Van Wert to Shenandoah,
la., 95.45 m. — total, 504.18 miles. Total length of lines on which the bonds are secured, 901.25
miles. The sinking fund 'payment is 1) p. c. of the par value of all bonds issued, payable yearly on
fhe 1st of Oct. It is invested in bonds of this issue at a maximum price of 105 and accrued interest
for 5 p. c. bonds, and of par and accrued interest for 4 p. c. bonds ; bonds to be drawn at the maxi-
mum price if they cannot be purchased, and when so purchased or drawn, to be cancelled.
Sinking Fund Bonds of 1921. — The sinking fund payment is $43,000 per annum, payable yearly
on the 1st of Aug. It is invested in bonds of this issue at a maximum price of par and accrued in-
terest, bonds to be drawn at the maximum price if they cannot be purchased, and to be held by tho
trustee uncancelled until maturity. Interest on bonds held in the fund is added to the yearly pay-
POOR'S MANUAL CHICAGO, BURLINGTON AND QUINCY RR. CO. 351
ment, and invested in the same manner. Of the $4,300,000 bonds outstanding, $1,482,000 were In
the sinking fund on June 30, 1902.
Denver Extension Sinking Fund Bonds. — Secured by deposit with the trustee of an equal amount
of 1st mtge. bonds secured on 194.63 m. of the Republican Valley RR. ( Beatrice, Neb., to Nemaha
City, 65.20 m. ; Nemaha to Salem, Neb., 17.60 m. ; Table Rock to Wymore, Neb., 39.23 m. ;
westerly line of Red Willow County to westerly line of Nebraska, 72.60 m.), and on the Burlington
and Colorado RR., from Nebraska State Line to Denver, Colo., 174.89 miles. In addition, the trustee
holds $540,000 out of a total of $2,105,000 1st mtge. bonds of tne Republican Valley RR. Co. secured
on 175.4 miles of road In Nebraska (Aurora to York, 21.68 m. ; Aurora to Central City, 19.63 m. ;
Aurora to Grand Island, 18.51 m. ; and Beatrice via Wymore to Red Cloud), the remaining $1,565,-
000 of these bonds being held by the trustee of the B. & M. R. RR. in Neb. consolidated mortgage.
Sinking fund payment of $79,680 per annum, payable Jan. 1, and July 1, is to be invested In bonds
of this issue at a maximum price of par and accrued interest ; bonds to be drawn at the maximum
price If they cannot be purchased, and to be held uncancelled by the trustee until maturity. Interest
on bonds held in the fund is added to the serai-annual payments, and is invested in the same manner.
Of the $7,968,000 bonds outstanding, $2,622,700 were in the sinking fund on June 30, 1902.
Plain Bonds of 1883. — These are plain debentures, not secured by mortgage and without a sink-
ing fund provision.
Nebraska Extension Mortgage Sinking Fund Bonds. — Secured by first mortgage on 297.35 miles
of the lines owned in fee simple, being from Hastings to Aurora, Neb., 27.75 miles, and from Grand
Island to Alliance, Neb., 269.60 miles. Also secured by the deposit with the trustee of an aggre-
gate of $23,494,200 1st mtge. bonds secured on the following proprietary roads, aggregating 1,174.71
miles in length (see Sec. 4 for details) : Nebraska and Colorado RR., 430.71 m. ; Omaha and
North Platte RR., 80.78 m. ; Lincoln and Black Hills RR. (Central City to Ericson, 62.94 m. ;
Palmer to Arcadia, 54.02 m. ; and Greeley Center to Burwell, 40.92 m.), 157.88 m. ; Colorado and
Wyoming RR., 144.58 m. ; Cheyenne and Burlington RR., 29.01 m. ; Oxford and Kansas RR., 59.60
m. ; Beaver Valley RR., 74.37 m. ; Chicago, Nebraska and Kansas RR., 70.38 m. ; Republican
Valley, Kansas and Southwestern RR., 78.23 m. ; Republican Valley and Wyoming RR., 49.17 miles.
There is a sinking fund of 1 p. c. of the par value of all bonds issued, payable annually on the first
of May, which is invested in bonds of this issue at a maximum price of 110 and accrued Interest, the
bonds so purchased to be cancelled. If, in any year, sufficient bonds to absorb the fund cannot be
purchased at or under the maximum price, any unexpended remainder of the sinking fund payment
Is to be returned to the general funds of the company, and the obligation to purchase bonds therewith
ceases. The authorized issue is $45,000,000 at not exceeding $30,000 per mile, including $10,000
per mile for double track.
Convertible Bonds. — These bonds were convertible at par into the stock of the C., B. & Q. RR.
Co. at any time up to Nov. 30, 1902. The total issued of both series was $15,278,700, of which
$14,936,700 was converted into stock prior to June 30, 1902, and $38,300 additional between
that date and Nov. 1, 1902, leaving $303,700 unconverted.
Chicago and Iowa Division Bonds. — Secured by the deposit with the trustee of $2,000,000 1st
mtge. bonds of the Chicago and Iowa RR. Co., secured on the branches from Aurora to Forreston, 111.,
78.44 miles, and from Flag Center to Rockford, 111., 23.50 miles, and on $320,000 1st mtge. 7 p. c
bonds of the Joliet, Rockford and Northern RR. Co., secured on the branch from Sheridan to Paw
Paw, 111., 19.54 miles. There are no other bonds outstanding secured on the branches named. The
Chicago and Iowa RR. bonds mature on Aug. 1, 1935 ; the Joliet, Rockford and Northern bonds on
May 1, 1922. Under the terms of the trust indenture provision is made that the C., B. & Q. RR. Co.
may extend the underlying bonds, or substitute and deposit with the trustee other bonds of the same
company to the same amount and secured by the same lien and at the same rate of interest, or sub-
stitute and deposit with the trustee other securities of equivalent value which are satisfactory to the
trustee.
Illinois Division Mortgage Bonds. — Secured by first mortgage on the following mileage : Oregon
to Portage Curve, 111., 74.21 m. ; East Dubuque to St. Paul, Minn., 244.84 m. ; Savannah to Fulton,
111., 16.72 m. ; Galena June, to Galena, 111., 3.82 in. ; lines in Dubuque, la., East Winona, Wis., and
Winona, Minn., 1.87 m. ; Quincy to East Louisiana, 111., 41.69 m. ; Fall Creek to East Hannibal, 111.,
4.67 m. ; Streator to Walnut, 111., 58.76 m. ; Galesburg to Rio, 111., 12.22 m. — total, 458.80 miles.
Also secured on the terminal property of the company In Chicago and on all the remaining railroad
of the company east of the Mississippi River, amounting to 1,182.93 miles, In addition to the 458.80
miles specified above ; subject, however, to the lien of the consol. mtge. bonds of July 1, 1903, and
of the Chicago and Iowa Division bonds of Feb. 1, 1905. The authorized issue is $85,000,000, of
which a sufficient amount Is reserved for the retirement of prior liens, the remainder being Intended
to reimburse the company's treasury for expenditures already made in the construction or acquisi-
tion of the railroads and terminals covered by the mortgage, or to be used for improvements and
betterments and for building or acquiring additional railroads or additional bridges across the
Mississippi River. It Is provided in the mortgage that, if any issue of prior lien bonds which may
be retired by issue of Illinois Division bonds have been secured by pledge of underlying bonds se-
cured by mortgage on any of the property covered by this mortgage, such underlying bonds are to be
deposited with the trustee under this mortgage, whether cancelled or uncancelled. The trustee shall
hold such prior lien bonds, and such underlying bonds, for the further security of the Illinois Divi-
sion bonds, until such time as the lien or liens of the mortgages or deeds of trust securing the same
shall have been fully discharged or satisfied, or adequate provision made therefor. The Illinois
Division bonds will bear such rate of interest, not exceeding 5 p. c. per annum, as from time to time
shall be determined by the board of directors, and as shall be designated In the bonds when issued.
The bonds may be redeemed on any interest day after July 1, 1929, upon six months' notice, at par
and accrued interest for all bonds bearing interest at a less rate than 3J p. c. per annum, and at 105
p. c. and accrued interest for all bonds bearing interest at a rate not less than 3J p. c. per annum.
Between June 30, 1902, and May 1, 1903, the amount of Illinois Division bonds issued, and
listed on the New York Stock Exchange, was increased to $41,000,000. The purposes of the several
issues making up this total were as follows : To reimburse the- treasury for expenditures made prior
to July 1, 1899, $15,000,000 ; for the payment, cancellation and discharge of other obligations, and
for the payment of premiums on such obligations, $22,096,000 ; for the purchase of 15,910 shares
of the capital stock of the Quincy RR. Bridge Co., $3,182,000 ; for construction purposes, $722,000 —
total. $41,000,000. The following is a detailed statement of the bonds issued for the retirement of
other obligations and to pay the premiums on such obligations : C., B. & Q. consol. mtge. 7s, $7,225,-
00 ; premium on same, $755,968 ; C. B. & Q. 5s of Oct. 1, 1901, $491,000 ; Ottawa, Oswego and
Fox River Valley 8s, $1,075,000 ; C. B. & N. 1st 5s, $8,046,000 ; premium on same, $402,300 ; C., B.
352 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
& N. 2d 6s. $3,450,000 ; C., B. & N. equipment 5s, $908,000 ; C., B. & N. funding notes, $400,000 ;
Illinois Valley and Northern 6s, $1,163,200; Galesburg and Rio 6s, $243,800; Quincy, Alton and
St. Louis 5s, $840,000 — total, $25,000,268 ; less amount of bonds for above purposes not yet certified
by the trustee, $2,904,268 ; leaving amount issued as above, $22,096,000.
FUKTHER PARTICULARS RESPECTING B. & M. R. RR. IN NEBRASKA BONDS.
Consolidated Mortgage Sinking Fund Bonds. — Secured by first mortgage on the main line from
Pacific Junction, la., to Kearney, Neb., 195.29 miles. Also cover the line from Hastings, Neb., to
the west line of Franklin County, Neb., 76.81 m. ; the Omaha and Southwestern RR., 46.93 m., and
the line of the Nebraska Ry. from Nemaha via Nebraska City to York, Neb., 135.74 m. ; a total of
259.48 miles. In addition to which the trustee holds $1,565,000 out of a total of $2,105,000 of the
1st mtge. bonds of the Republican Valley RR. Co., secured on 175.40 miles of road in Nebraska
(Aurora to York, 21.68 m. ; Aurora to Central City, 19.63 m. ; Aurora to Grand Island, 18.51 m. ;
Beatrice via Wymore to Red Cloud, 115.58 m.), the remaining $540,000 of the Republican Valley
bonds being held by the trustee of the C., B. & Q. Denver Extension mortgage. Authorized issue,
$14,000,000. Of the $13,488,000 bonds outstanding on June 30, 1902, $5,620,800 were held un-
cancelled in the sinking fund, and the interest thereon is to be invested semi-annually by the trustee
in bonds of this issue, at a maximum price of par and accrued interust ; bonds to be drawn if they
cannot be purchased, and whether purchased or drawn to be held uncancelled in the fund. $1,000
bonds from No. 1 to No. 4,400, inclusive, and $600 bonds from No. 1 to No. 1,000, inclusive,
amounting in the aggregate to $5,000,000, are exempt from drawing until July 1, 1908. The sink-
ing fund, with its accumulations, will retire the whole issue at maturity.
Sinking Fund Bonds of 1910. — These are plain debenture bonds, not secured by mortgage.
There is a sinking fund of $66,940 a year, payable June 1 and Dec. 1, which is invested in bonds of
this issue when they can be purchased at not exceeding par and accrued interest. If bonds cannot be
purchased at or under the maximum price, the fund is to be invested, at the discretion of the trustee,
in other securities, with the assent of the company. Bonds of this issue purchased for the fund are
to be held by the trustee uncancelled, the interest thereon to be added to the half yearly payments
and invested in the same manner. Of the $3,347,000 bonds of this issue, $1,931,000 were in the
sinking fund on June 30, 1902, and in addition thereto the fund held $281,000 C., B. & Q. Nebraska
Extension bonds, and $309,000 C., B. & Q. Illinois Division bonds.
Republican Valley RR. Mortgage Sinking Fund Bonds. — Secured by first mortgage on the road
from the west line of Red Willow County to the west line of Franklin County, Neb., 89.90 miles. Of
the $1,078,000 outstanding bonds of this issue, $409,200 were held in the sinking fund on June 30,
1902, the interest on which is to be invested yearly by the trustee in bonds of this issue at a maxi-
mum price of par and accrued interest. Bonds are to be drawn if they cannot be purchased, and
when so purchased or drawn are to be held uncancelled in the fund. This fund, with its accumula-
tions, will retire the whole issue at maturity.
FURTHER PARTICULARS RESPECTING BONDS OF MISSOURI LINES.
Hannibal and St. Joseph RR. Bonds. — Secured by first mortgage on 289.22 miles of road as fol-
lows : Hannibal, Mo., via Palmyra and Cameron to St. Joseph, Mo., 206.52 m. ; Palmyra to West
Quincy, Mo., 12.65 m. ; Cameron to Kansas City, Mo., 54.16 m. ; and St. Joseph, Mo., to Atchison,
Kan., 15.89 miles.
Kansas City, St. Joseph and Council Bluffs RR. Bonds. — Secured by first mortgage on 249.77
miles of road, as follows : Kansas City, Mo., to Council Bluffs, la., 189.26 m. ; Amazonia to Hopkins,
Mo., 52.30 m. ; Winthrop, Mo., to Atchison, Kan., 3.51 m. ; East Leavenworth, Mo., to Leavenworth,
Kan., 1.05 m. ; and Nebraska City Junction to East Nebraska City, la., 3.65 miles. In case of liqui-
dation, $500,000 of the bonds, Nos. 1 to 500, are to have preference for principal and interest.
Tarkio Valley RR. Bonds. — Secured by first mortgage on the branch of the K. C., St. J. & C. B.
RR. extending from Corning, Mo., to Iowa State Line, 29.54 miles. The K. C., St. J. & C. B. RR. Co.
guarantees the bonds, both as to principal and interest, and agrees to apply $11,000 per annum to
the purchase of bonds of this issue at the maximum price of par and accrued interest, bonds to be
drawn if they cannot be purchased, and when so drawn or purchased to be cancelled.
Nodaway Valley RR. Bonds. — Secured by first mortgage on the branch of the K. C., St. J. & C.
B. RR. extending from Bigelow to Burlington Junction, Mo., 31.54 miles. The K. C., St. J. & C. B.
RR. Co. guarantees the bonds, both as to principal and interest, and agrees to apply $10,000 per
annum to the purchase of bonds of this issue at the maximum price of par and accrued interest,
bonds to be drawn if they cannot be purchased, and when so drawn or purchased to be cancelled.
FURTHER PARTICULARS RESPECTING CONTINGENT LIABILITIES FOR BRANCH ROADS.
Atchison and Nebraska RR. Bonds. — Secured by first mortgage on the road from Atchison, Kan.,
to Lincoln, Neb., 73.49 miles. Payment of principal and interest assumed by C., B. & Q. Ril. Co.,
under terms of lease.
Lincoln & Northwestern RR. Bonds. — Secured by first mortgage on the line from nincoln to
Columbus, Neb., 73.49 miles. There is a sinking fund of $6,000 a year, payable on or before Dec.
31st, which is invested in bonds of this Issue at a maximum price of 110 and accrued interest ; bonds
so purchased being held uncancelled in the fund. If bonds cannot be purchased at or under the
maximum price, the fund is invested at the discretion of the trustees. Interest on bonds held in the
fund is added to the annual payment, and invested in the same manner. Of the $600,000 bonds out-
standing, June 30, 1902, $47,000 were held uncancelled in the sinking fund, and in addition thereto
the fund held $161,800 in uncancelled bonds of other issues. Under the terms of the lease of the
L. & N. RR. to the C., B. & Q. RR. Co. the latter agrees to pay as rental 35 p. c. of the gross earnings
of the line, said rental to be applied to the payment of interest on the bonds and of the sinking fund ;
and agrees to advance any deficiency of the rental to meet such payments, the advances to be reim-
bursed, with interest at the rate of 6 p. c. per annum added.
11. Properties Not Covered by Outstanding: Bonds The length of the roads of the
Chicago, Burlington and Quincy System covered by the several issues of bonds detailed in the state-
ment of funded debt (Sec. 10) is 5,973 miles, leaving in the whole system 1,964 miles of standard
gauge and 229 miles of narrow gauge railroads on which no bonds are outstanding. The 1,964 miles
of standard gauge road include the St. Louis, Keokuk and Northwestern RR., 226 miles, with its
double track steel bridge over the Missouri River at Bellefontaine, Mo., and its terminal in St. Louis;
the Chicago, Burlington and Kansas City Ry., 181 miles ; the Keokuk and Western RR., 253 miles ;
the Nebraska, Wyoming and Western RR. and the Denver and Montana RR., together 221 miles ;
Railroad Map of Ohio.
American Bank Note Company
78 TO 86 TRINITY PLACE
[c.
NEW YORK
>. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
j tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual— Railroad Map of the United States, 1903.
OHIO.
Railroad Map of Ohio.
RESUMPTION
AND THE
SILVER QUESTION;
_A. IE3Iaa=LcL~t>ooIls: ±o:r? "tire T±-m es.
EMBRACING
A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER
CURRENCIES OF THE UNITED STATES AND
OTHER NATIONS.
By HENRY V. POOR.
(1878.)
Summary of the Contents.
PART I. — The distinction between the money of Banks and of Government.
PART II. — An examination of the Report of the late Conference between Mr. Secretary
Sherman and the Committee on Finance of the Senate, and the Committee
on Banking and Currency of the House of Representatives, of the United
States.
PART in. — A History of the Coinage of the United States; of the Act of 1873, de-
monetizing silver; and a sketch of the monetary systems of the great
commercial Nations, Great Britain, France, and Germany.
PART IV. — A History of Legal-Tender Currencies, embracing a History of the Legal-
Tender Currencies of the Mongols ; of the Continental Currency of the
United States ; of the Assignats of France, and of the present Legal-Tender
Currency of the United States.
PART V. — The Greenback Party.
PART VI. — How Resumption is to be Effected.
PRE8S NOTICES.
JITetf York Evening Post.
We commend Mr. Poor's book, as it deserves, as a most convenient reference handbook concerning the
history of silver money in the United States, the monetary history of other countries, and other matters of a
similar nature, all of which are presented in compact and convenient shape, and fitted to the hand by an elaborate
analytical index.
Philadelphia Ledger.
A timely and valuable book, which cannot be too carefully studied, and every line of which is full of
warning and instruction.
Sew Forfc Journal of Commerce.
A timely and valuable contribution to a subject now demanding the earnest attention of every thoughtf nl
citizen. It will help toclear away much of the fogin which the whole question of the currency is now enveloped.
It is in no sense partisan, and is addressed wholly to the reason and intelligence of the reader. It is indeed, as
It Is called, "A Handbook for the Times."
Boston. Journal.
This volume is pungent and fall of information. It is very fresh and suggestive, and contains a large
amount of information which gives it value, and makes it stimulating and helpful in extending and directing
financial discussion.
1 Volume, 12mo, Cloth, pp. 230. Prioe, $1.00.
Sent free of postage, on receipt of price, by the publishers, and for sale by all boofaellert.
Poor's ttliiHf manual Co., 68 William St., Hew Yorl
POOR S MANUAL CHICAGO, BURLINGTON AND QUINCY RR. CO.
353
from Alliance, Neb., to Billings, Mont., from Edgemont to Deadwood, S. D., and from Toluca, Moot.,
to Cody, Wyo., in all 751 miles, besides sundry short branches.
12. Sinking Funds. — The total payments to and accretions of sinking funds amounted to
$20,352,290.13 on June 30, 1902, as follows: C., B. & Q. Iowa Division 4s and 5s of 1919, $4,415,-
734.45 ; C., B. & Q. sinking fund 4s of 1921, $1,393,673.48 ; C., B. & Q. Denver Extension 4s of
1922, $2,541,976.10; C., B. & Q. Nebraska Extension 4s of 1927, $3,264,344.55; B & M RR In
Neb. consol. 6s of 1918, $5,621,848.73 ; B. & M. RR. in Neb. sinking fund 4s of 1910, $2,457,440.06 •
Republican Valley RR. sinking fund 6s of 1919, $409,323.85 ; and Lincoln and Northwestern RR 7s
of 1910, $247,948.91.
The total amount at the credit of sinking funds on June 30, 1901, was $21,599,245.25. The
sinking fund 5 p. c. bonds of the company maturing Oct. 1, 1901, having been paid and cancelled
and the securities held in that fund, amounting to $2,436,097.08 covered into the company's treas-
ury, $19,163,148.17 remained at the credit of the other sinking funds of the company, as of June 30
1901. This amount was increased during the year by the sum of $1,189,141.96, of which $623,131
was paid directly from the earnings of the year, and the remainder, $566,010.96, was the accumula-
tion of interest on bonds held in the funds. This increase was used in purchasing $1,203 600 bonds
of which $405,000 were cancelled, and $798,600 remain uncancelled in the sinking fund Investments!
13. Statement of property, operations, income and general balances for seven fiscal
periods :
1896
1897
June 30.
1898
1899
1900
1901
1902
Dec. 31.
6 months.
June 30.
June 30.
June 30.
June 30.
June 30.
Total Miles of Road..
7,180.12
7,180.12
7,179.97
7,418.84
7,661.30
7,911.63
8,123.82
Aver. Miles Oper —
7,180.12
7,180.12
7,179.97
7,249.07
7,545.78
7,753.13
8,109.08
Locomotives
1,137
1,137
1,123
1,148
1 150
1 173
1 237
Passenger Cars
681
681
687
702
710
744
'776
Baggage, etc., Cars .
236
236
242
248
248
261
279
Freight Cars
39,553
39,553
39,562
41,899
42,905
43,903
45,868
Other Cars
561
561
565
588
512
650
691
Passengers 1 Mile. ..
324,553,945
143.251,123
362,302,510
448,456,418
469,256,338
533,186,204
600,136,909
Tons Freight 1 Mile.
2,577,655,320
1,342,913,449
3,295,586,072
3,373.480,389
3 793 008 334
3 870 529 358
4,613,072 546
Earn. p.Pass. p.Mile.
2.30 c.
2.27 c.
2.23 c.
2.10 c.
2.20 c.
2.16 c.
2.12c.'
Earn. p. Ton p.Mile.
0.87 c.
0.87 c.
0.92 c.
0.86 c.
0.85 c.
0.86 c.
0.77 c.
$
$
1
S
$
$
I
Passenger Earnings..
7.452,301
3,282,281
8,153,042
9,469.018
10,384,408
11,624,746
12,857,267
Freight Earnings. . .
22,423,211
11,555,700
30,543,640
29.270,942
32,557,999
33,662,221
36.072,080
Other Earnings
4,300,944
2,103,867
4,103,480
4,649,465
4,593,013
4,765,022
4,865.899
Gross Traffic Earn. .
34,176,456
16,941,848
42,800.162
43.389.4Z5
47,535,420
50,051,989
53,795,246
Operating Expenses
21,135,801
10,663,154
26,272,218
26,545,631
29,816,838
32,441,891
34,009839
Net Traffic Earnings
13,040,655
6,278,694
16,527,944
16,843,794
17,718,582
17,610.098
19,785,407
Other Income
390,323
175.908
534,161
487,822
382,195
380,798
340,805
Net Income
13,430,978
6,454,602
17,062,105
17,331,616
18,100,777
17,990,896
20,126,212
Payments — Taxes.. .
1,524,670
1,116,270
1,538,668
1,589,835
1,605,503
1.627,017
1.673.037
Interest on Bonds.
8,252,778
4,128,872
8,251,466
8,102,902
7,744,545
7,421,979
7,253,106
RentofTrks,etc..
409,275
213,147
410,566
386,825
334,567
327,893
493,827
Sinking Funds . . .
777,785
396,856
778,612
523,755
487,400
488,600
623,131
Dividends.
(4) 3,280,111
(2) 1,640,056
(4$) 3,690,126
(6) 5,238,370
(6) 5,829,678
(6$) 6,652,557
(6) 8,819,722
Balance (+or — ). . .
—813,641
—1,040,599
+2,392,667
+1,489,929
+2,099,084
+1,472,850
+1,263.389
Gross Earn. p. Mile. .
4,731.26
2,359.55
5,961.05
5.941.75
6,299.60
6,455.71
6,634.02
Gross Exp. p. Mile. .
2,942.96
1,485.10
3,659.10
3,661.94
3,951.33
4.184.36
4,194.04
Net Earn, per Mile. .
1,783.30
874.45
2,301.95
2,279.81
2,348.27
2,271.35
2,439.98
Expenses to Earn . .
61.84 p.c.
62.94 p.c.
61.38 p.c.
61.18 p.c.
62.73 p.c.
64.82 p.c.
63.22 p.c.
$
$
1
*
$
S
1
Capital Stock.
82,004,200
82,004,200
82,004,200
93.725,400
98,447,500
110,577,700
110,800,600
Funded Debt
126,028,900
126,233,900
125,934,900
124,712,700
134,174,100
145,479,300
150,347.400
Con.Liab'ti's(BrLL)
2,801,000
2,801,000
2,801,000
1,725,000
1,725,000
1,725,000
1,725,000
Current Liabilities.. .
4,244,783
4,045,298
5,401,892
15,115,820
7,319,927
9,397,138
14,912,349
Profit and Loss
14,154,419
13,921,731
13,465,252
13,297,355
9,041,330
9,159,298
13,022,599
Income Account. . . .
11,511,392
10,730,906
12,252,236
13,690,216
15,722,392
17,217,349
19,785,021
Renewal Fund
9,000,000
9,000,000
10,000,000
10,000,000
10,000.000
10,000.000
10,000,000
Sinking Fund
16,171,350
16,618,811
18,133,976
19,277,294
20,375,366
21,599,245
20,352.290
Total Liabilities...
265,916,044
265,355,846
269,993,456
291,543,785
296,805,615
325,155,030
340,945,259
Road 4 Equipment..
205,670,432
205,734,513
206,634,183
226,752,658
233,602,755
288,289.112
294.277,364
Materials on Hand . .
1,333,811
1,312,341
1,513,508
1,981.326
3.470,611
3,943,269
3,546,037
Sundry Trusts
10,288,813
10,442,354
11,434,680
12,310,250
13,155,469
13,939,946
12,673,355
Investments, Costs. .
38,479,644
38,945,593
38,812,202
38,041,253
39,898.962
9,204,746
14,970,415
Current Assets
6,628,092
6.128,288
6,009.290
5,364,514
3,421,152
5,245,162
7,366,990
Cash on Hand
3,515,252
2,792.757
5,589,593
7.093,784
3,250,666
4,532,795
8,111,098
Total Assets. ....
26-5,916.044
265,355,846
269,993,456
291,543,785
296,805,615
325,155,030
340.945,259
14. Land Department. — The Iowa grant, made under the Act of May 15, 1856, and acquired
through consolidation with the Burlington and Missouri RR., consisted of 6 sections per mile. The
354
POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Nebraska grant, made under the Act of July 2, 1862. and acquired through consolidation with the
B. M. RR. of Nebraska, consisted of 20 sections to the mile of line. The Iowa lauds are all sold and
the accounts closed.
The sales in Nebraska during the year ending June 30, 1902, were 10,276.94 acres for $57,-
766.68, an average of $5.62 per acre, and no lands having reverted, the net result of operations is
represented by those figures. Cash receipts, $98,492.68. Disbursements : Taxes, $686.44 ; legal
expenses, $2,116.20; salaries and office expenses, $7,342.85; advertising and commissions,
$2,273.13 ; surplus paid treasurer, $86,074.06. Assets, June 30, 1902 — Principal, represented by
contracts on hand, $139,103.06 ; interest, represented by contracts on hand, $18,004.73 ; town lots
unsold, $250 ; and 2,962 acres unsold land, estimated at $5 per acre, $14,810 — total, $172,167 79 ;
or, less partial payments ($2,657.12), $169,510.67.
15. RAILROADS CONTROLLED AND OPERATED BY THE C., B. & Q. RR. Co.
BLACK HILLS AND FORT PIERRE RR.
— Golden Gate to Piedmont. S. Dak., 37.94 m. ;
branches, 8.06 m. — total, 46 m. ; total track, 52.76
miles. Gauge, 3 ft. Rail (steel, 40 m.), 40 Ibs.
HISTORY. — Chartered June 15, 1881 ; road com-
pleted in 1891. The entire capital stock having
been acquired by the C., B. & Q. RR. Co., the
road was taken over for operation by that com-
pany on Aug. 1, 1901.
ROLLING STOCK. — Locomotives, 5. Cars —
passenger, 2 ; baggage, 2 ; freight ( box, 16 ; flat,
69; coal, 30), 115 — total, 119.
FINANCIAL STATEMENT. — Capital stock,
$500,000. Cost of property, $625,069.
BURLINGTON AND WESTERN RR
Winfleld to Oskaloosa, la., 70.7 m. ; Mediapolis
to Washington, la., 38.73 m. — total, 109.43 miles.
HISTORY. — Consolidation, in June, 1902, of
the Burlington and Western RR. and the Bur-
lington and Northwestern RR. (see MANUAL, for
1902, page 333). The road was broadened to the
standard gauge on June 29, 1902, and was taken
over for operation by the C., B. & Q. RR. Co. on
Jan. 1, 1903.
CORPORATE OFFICERS. — T. W. Barhydt,
Pres. ; R. M. Green, Sec. & Treas., Burlington, la.
16. Board of Directors, Chicago, Burlington and Quincy RR. Co., elected Nov. 5, 1902.
Chas. E. Perkins. Burlington.Ia.
Edw. T. Nichols. New York.N.Y.
George B. Harris. Chicago, 111.
James J. Hill. . New York, N. Y.
Wm. P. Clough.
Robt. Bacon
E.H.Harriman..New York.N.Y.
Jacob H. Schiff.
Geo. J. Gould...
H. McK. Twombly New York, N. Y. | Norman B. Ream New York, N. Y.
GEORGE B. HARRIS, President Chicago, 111.
Vice-Pres., Sec. & Treas. — Thos. S. Howland, I Asst. Sec. — George H. Earle. ...New York, N. Y.
Chicago, 111. | Gen. Aud. — C. I. Sturgis Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
DAVENPORT, ROCK ISLAND AND NORTHWESTERN RY. -Clinton
to Davenport, la., 34.51 m. ; Davenport, la., by steel bridge across the Mississippi River,
via Rock Island, to Rock River, 111., 12.25 m.; trackage (C., B. & Q. RR., 1.45 m.; C., M.
& St. P., 0.72 m.), 2.17 m total, 48.93 miles; total track (steel; 70 Ibs.), 69.53 miles.
Gauge, 4 ft. 8y2 in.
History. — Incorporated under the laws of Iowa in Sept., 1898, as successor, by change
of name, to the Davenport and Rock Island Bridge, Ry. and Terminal Co. The bridge
over the Mississippi River was built under a charter obtained from the U. S. Government,
work having been commenced in the spring of 1897 and finished about Jan. 1, 1899.
The Clinton, Dubuque and Northwestern Ry. Co. was incorporated by persons interested
in this company to build an extension of 54 miles from Clinton, la., northwest to Du-
buque, la.
Rolling Stock, June 30, 1902.— Locomotives, 7. Cars— freight (box, 20; flat, 35;
coal, 70), 125; service, 2 — total, 127.
Operations, year ending June 30, 1902. — Trains run (freight), 8,737 miles. Tons
freight moved, 16,112; ton-miles, 233,875. Earnings (freight, $2,906; other, $240,480),
$243,386. Operating expenses, $133,297. Net earnings, $110,089. Payments: Taxes,
$9,410; rentals, $13,949; other charges, $99,950— total, $123,309. Deficit, $13,220. Sur-
plus forward, $60,615. Net surplus, $47,395.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $3,000,000;
current liabilities, $38,734; profit and loss, $47,395 — total, $3,086,129. Contra: Cost of
road and equipment, $3,000,000; materials, etc., $12,144; cash and current assets, $73,985
—total, $3,086,129.
Directors.— F. A. Delano, Henry R. Williams, James H. Hiland, Herman H. Field,
Charles V. Carpenter, Henry W. Weiss, James C. Hutchins, Chicago, 111. OFFICERS : H. R.
WILLIAMS, Pres.; James C. Hutchins, Vice-Pres.; P. L. Hinrichs, Sec. d Treas., Davenport,
la. GENEBAL OFFICE, Davenport, la.
JACKSONVILLE AND ST. LOUIS RY.— Jacksonville to Centralia, 111., 112.3 m.;
trackage (Chicago, Peoria d St. Louis Ry.t Litchfield to Bridge June., 111., 47 m. ; Chicago
Greenville and Southern Ry., 3.9 m.), 50.9 m. — total, 163.2 miles. Gauge, 4 ft. 8% in.
Rail (steel) ,56 Ibs.
POOR SSMANUAL OF RAILROADS.
355
History. — Reorganization, July 1, 1996, of the Jacksonville, Louisville and St. Louis
Ry. Co. (see MANUAL for 1899, page 379). In March, 1902, a controlling interest in this
company was acquired by the Chicago, Burlington and Quincy Ry. Co., but for the present
the road will continue to be operated as an independent line. The Chicago, Greenville and
Southern Ry. was sold under foreclosure on April 29, 1902, but this company continued to
operate it until Jan. 1, 1903.
Rolling Stock, June 30, 1902. — Locomotives, 8. Cars — passenger, 6; baggage, etc.,
4; freight (box, 97; flat, 8; coal, 9G) , 201 ; other, 14 — total, 225.
Operations, — Not reported for year ending June 30, 1902; for latest statement see
MANUAL for 1902, page 424.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock ($100
shares), $1,500,000; funded debt, $2,300,000 ; current liabilities, $53,012; advanced by the
bondholders' committee, $67,276; profit and loss, $1,867 — total, $3,922,154. Contra: Cost
of road and equipment, $3,867,276; materials, etc., $17,842; cash and current assets, $33,-
770; other assets, $3,267— total, $3,922,154.
Funded Debt. — The funded debt on June 30, 1902, consisted of $300,000 1st 6s of July 1,
1910; $350,000 ($650,000 auth.) 1st consol. gold 5s of Oct. 1, 1925, and $1,650,000 Income non-
cum. 4s of Jan. 1, 1935.
RAILROAD OPERATED BY THE J. & ST. L. RY. Co. UNTIL JAN. 1, 1903.
foreclosure on April 29, 1902, and was bid In for
110,000 by Bluford Wilson, of Springfield, 111.,
acting as the representative of the bondholders.
The operation of the road by the J. & St. L. Ry.
Co. was abandoned on Jan. 1, 1903.
Chicago, Greenville and Southern Ry.
— Durley to Greenville, 111., 3.9 miles. Gauge,
4ft. 8J in. Rail (steel), 56 Ibs. Operated by the
Jacksonville and St. Louis Ry. Co., without a
written lease, for operating expenses, no rental
being paid therefor. This road was sold under
Directors, J. & St. L. Ry. Co.— Henry A. Gardner, E. M. Shelton, A. T. Williams,
H. W. Weiss and J. A. Connell. OFFICERS: HENRY A. GARDNER, Pres. & Gen. Atty.;
H. W. Weiss, Sec. & Treas., Chicago, 111.; W. E. Crane, Gen. Mgr.; Geo. W. Dye, Aud.,
Jacksonville, 111. GENERAL OFFICE, Jacksonville, 111.
CHICAGO, INDIANAPOLIS AND LOUISVILLE RAILWAY COMPANY.
(For map of this road, see page 357.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 13
Earnings, Expenses, etc 6
Funded Debt 9
Gen. Bal. Sheet, June 30, 1902. 7
Guaranteed Bonds 10
History 2
Income Acct, June 30, 1902.. 6
Investments 11
Joint Interests 3
Leased Line, Statement of.. 12
Mileage and Equip.,1896-1902. 4
Mileage Operated 1
Operations and Inc., 1896-1902. 4
Preferred Stock Preference.. 8
Rolling Stock 5
1 . Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 508.85 miles).
Main Line: New Albany to Michigan City, Ind 288.86 miles.
Chicago Division: State Line, 111., to Mass. Ave., Indianapolis, Ind 161.94 "
Bedford and Bloomfield Branch: Bedford, Ind., to Swittz City, Ind 40.29
French Lick Branch : Orleans to French Lick Springs, Ind 17.76 "
B. LEASED LINE:
Indiana Stone RR. : Harrodsburg to Clear Creek, Ind 9.22 "
O. TRACKAGE RIGHTS (total, 28.04 miles) :
Chicago & Western Ind. RR. : Ind. State Line to Chicago, 111 19.86 "
L. Erie d W. Ey.: Mass. Ave. to Union Depot in Indianapolis, Ind 1.76 "
P., C., C. & St. L. By.: New Albany, Ind., to Louisville, Ky 6.42 "
Total length of lines operated, June 30, 1902 546.1 1 miles.
Sidings, etc., 170.44 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 52 to 75 Ibs.
2. History.— Reorganization, March 31, 1897, of the Louisville, New Albany and
Chicago Ry. Co., whose property was sold under foreclosure on March 10, 1897 (see
MANUAL for 1897, page 106). In July, 1902, more than 87 p. c. of the capital stock of
this company was acquired in the joint interest of the Louisville and Nashville RR. Co.
and the Southern Ry. Co. ( see statements for those companies ) .
356
POOR S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
3. Joint Interests. — The freight house, tracks and yards of this company, and the
tracks and yards of the C., H. & D. Ry. Co., in Indianapolis, Ind., are used jointly by the
two companies, the rental and operating expenses being apportioned on a wheelage basis.
This company, the Southern Ry. Co., and the B. & O. S. W. Ry. Co. own the Kentucky and
Indiana Bridge property, each one-third. This company owns one-fifth interest in the
C. & W. I. RR. and Belt Ry. of Chicago, the operation of which during the past year
yielded a profit which permitted the payment of 6 p. c. dividends to the stockholders.
4. Statement of operations, property, and capital accounts for seven years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
Miles of Railroad Owned
510.50
661.53
608.65
537.11
91
61
18
5,532
987,558
1,282,752
2,991,190
913,475
37,754,867
1,843,307
265,717,820
$
777,994
2,258,834
255,144
508.85
658.62
606.75
535.46
95
61
18
5,327
1,100,304
1,104,549
2,943.699
850,248
34,281,876
1,694,468
231,858,540
$
697,428
1,944,489
260,843
508.85
661.60
611.31
535.46
83
58
18
5,200
1,097,786
1,322,650
3,317.685
914,345
40,975,547
1,998,039
304,304,920
787,322
2,281,294
255,055
508.85
662.42
626.26
535.46
86
57
19
5,325
1,114,544
1,184,527
3,200,554
1,005,200
46,036,848
2,154,430
318,005,985
$
869,263
2,375,351
256,507
508.85
665.67
635.04
546.11
87
57
19
5,536
1,129,495
1,323,179
3,385,903
1,095,024
49,340,980
2,526,710
385,542,422
981,593
2,917,123
279,172
508.85
666.66
666.66
546.11
86
62
19
5,749
1,155,579
1,228,213
3,234,391
1,167,476
52.794,103
2,373,923
357,706,918
S
1,020,198
2,850,470
279,802
508.85
679.25
679.25
546.11
93
62
20
5.950
1,205,733
1,345,664
3,497,758
1,289,949
56,191,002
2,631,487
421,279,146
$
1,110,467
3,190,217
280,474
Miles of Track Owned
Miles of Steel Rail
Miles of Railroad Operated
Locomotives.
Passenger Cars
Baggage, etc.. Cars
Freight and Other Cars
Passenger Train Miles
Freight Train Miles.
Total Engine Mileage
Passengers Carried.
Passenger Mileage.
Freight (tons) Moved.
Freight (ton) Miles.
Passenger Earnings
Freight Earnings
Other Earnings
Total Earnings
3,291,972
2,180,388
2,902,760
2,042,438
3,323,671
2,356,008
3,501,121
2,354,950
4,177,888
2,628,206
4,150,470
2,653,542
4,581,158
2,853,133
Expenses and Taxes
Net Turnings
1,111,584
70,800
860,322
74,400
967,663
80,149
1,146,171
93,734
1,549,682
120,559
1,496,928
148,754
1,728,025
129,447
Other Receipts
Net Income
1,182,384
773,496
25,888
220,103
162,897
6,12904
4,05948
2,069 56
66.24 p.c.
2.061 c.
0.850 c.
934,722
775,450
9,929
224,405
def. 75,062
5,42106
3,814 36
1,60670
70.36 p.c.
2.034 c.
0.839 c.
1,047,812
745,450
1,239,905
752,700
1,670,241
761,950
1,645,682
771,294
1,857,472
772.100
Interest on Bonds
Other Interest, etc
Rentals
213,233
89.129
6,20713
4,39997
1,80716
70.89 p.c.
1.921 c.
0.750 c.
212,457
274748
6,53853
4.39800
2,140 53
67.26 p.c.
1.864 c.
0.747 c.
221,611
686,680
7,781 65
4,89524
2,866 41
62.91 p.c.
1.989c.
0.757 c.
221,614
652,774
7,751 22
4,95563
2,795 59
63.93 p.c.
1.932 c.
0.797 c.
199,197
886,175
8,55556
5,32838
3,22718
62.28 p.c.
1.976 c.
0.757 c.
Balance, Surplus
Gross Earnings per Mile.
Gross Expenses & Taxes per Mile . . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per Mile
Aver. Rate per Ton per Mile
I
5» Rolling Stock, June 30, 1902. — Locomotives, 93. Cars — passenger, 42; combi-
nation, 13; parlor and dining, 4; officers', 3; baggage, mail, and express, 20; freight (box,
2,785; flat, 2,055; stock, 200; coal, 934; refrigerator, 41; furniture, 120), 6,135; caboose,
45; service cars, 100 — total cars, 6,362. Included in this total are 5 flat and 330 box
"Line" cars, not owned, but bearing the initials of the company, and 100 flat, 50 stock, and
100 furniture cars held under car trust.
(J. General Income Account, year ending June 30, 1902.
Expenses — Maint. of Way and Struc... $543,379 83
Maintenance of Equipment. 568,818 86
Conducting Transportation. 1,260,168 30
General Expenses 287,24140
Total ($4,870.09 per mile) $2,659,60839
Earnings — Passenger $1,110,467 37
Freight 3,190,21637
Mail and Express 243,14358
Miscellaneous 37,33058
Total ( $8,555.56 per mile ) $4,581,157 90
Net earnings (41.94 p. c.), $1,921,549.51; dividends from stocks owned, $79,211; in-
terest from bonds owned, $37,311.10; other interest and discount, $12,924.99 — total net
income, $2,050,996.60. Payments: interest on bonds, $772,100; rentals, $199,196.67; taxes
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CHICAGO,
INDIANAPOLIS & K
LOUISVILLE wf
RAILWAY. £
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357
358 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
$188,307.79; revenue tax, $5,217.08— total, $1,164,821.54. Surplus, $886,175.06 j surplus
forward, $1,397,583.21 — total, $2,283,758.27. Deductions: Preferred dividends (No. 4, Oct.
15, 1901; No. 5, April 15, 1902, 2 p. c. each), $200,000; common stock dividend (No. 1,
May, 1902, 1 p. c.), $105,000 — total, $305,000. Balance to credit of profit and loss,
$1,978,758.27.
7. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $28,271,715 72
Investments (see Sec. 11) 1,928,51434
Materials and Supplies 353,133 93
Cash on Hand 408,916 30
Current Assets 779,70591
Refund. Mtge. 5 p. c. Bonds on Hand. 400,000 00
Unadjusted Accounts 52,680 68
Improvements, 1901 and 1902 409,56371
Total Assets 132,604,23059
Common Stock Paid in($100 shares) ..$10,500,000 00
Preferred Stock Paid in( $100 shares). 5,000,00000
Funded Debt Outstanding 13,842,000 00
Car Trust Notes of 1896 16,085 00
Other Liabilities 8,54497
Reserve Account 228,758 54
Current Liabilities 952,953 65
Road and Equip. Replacement Accts.. 77,130 16
Profit and Loss 1,978,758 27
Total Liabilities $32,604,230 59
8. Preferred Stock Preference. — The preferred stock has priority over common stock for
dividends at the rate of 4 p. c. per annum, non-cumulative.
O. Funded Debt — The funded debt outstanding, June 30, 1902, consisted of $3,000,000 L., N.
A. & C. Ry. Main Line 6s of July 1, 1910 ; $2,300,000 C. & I. Div. 1st 6s of Aug. 1, 1911, $4,700,000
Refunding 6s of July 1, 1947, and $3,842,000 Refunding 5s of July 1, 1947. Both issues of refund-
ing mortgage bonds are secured by the same mortgage, dated July 1, 1897, and covering the entire
property and assets of the company, including its ownership in the Chicago and Western Indiana RR.
and Belt Ry. of Chicago, and the terminals in Lafayette and Indianapolis, but subject to the prior
liens of the L., N. A. & C. Ry. Co. divisional mortgages, for the retirement of which a sufficient
amount of the 5 p. c. bonds is reserved. The remainder of the $15,000,000 of bonds authorized by
the refunding mortgage can be issued only for future acquisitions to be placed under the mortgage,
not more than $300,000 of such reserved bonds to be issued in any one year. In the agreement
under which the majority interest in the capital stock of this company was acquired by the Louisville
and Nashville RR. Co. and the Southern Ry. Co. (see Sec. 2), it is provided that this company shall
not execute or issue any bonds except for the refunding of its exisiing obligations, for the acquisition
of additional property, f<tr betterments or improvements, or for other lawful purposes. (Additional
particulars respecting the funded debt will be found in the Ready Reference Bond List — see General
Index.)
10. Guaranteed Bonds. — The company guarantees $22,000 1st mtge. gold bonds of the
Perry, Matthews and Buskirk Stone Co. ; $118,000 bonds of the Consolidated Stone Co., and $253,-
000 1st 50-yr. 5s of the Indiana Stone RR. Co., due Sept. 1, 1948. These latter, as well as the
capital stock of the same company, are all held in the treasury of the company.
11. Investments (see General Balance Sheet). — These consist of the following: C. & W. I.
RR. Co., $575,702.54 ; Belt Ry. Co. of Chicago, $240,000 ; bonds of Kentucky and Indiana Bridge
and RR. Co., $333,557.79 ; stocks and bonds Indiana Stone RR. Co., $210,649.01 ; stocks and bonds
of other companies, $568,605 — total, $1,928,514.34.
112. RAILROAD LEASED BY THE CHICAGO, INDIANAPOLIS AND LOUISVILLE RY. Co.
INDIANA STONE RR — Clear Creek to Har-
rodsburg, Ind., 9.22 m. ; total track ( steel, 13.82
m.), 13.92 miles. Rail, 56 and 60 Ibs.
HISTORY. — Chartered Jan. 3, 1898; road
opened Sept. 1, 1899. Leased for 99 years from
Sept. 1, 1899, the lessee to pay interest on the
bonds as it falls due and to redeem the bonds
at their maturity.
$15,000 ; funded debt (1st 5s of Sept. 1, 1948), $253.-
000 — total, representing cost of road, etc., $268,-
000.
The stock and the bonds are all owned by the
lessee.
CORPORATE OFFICERS. — W. H. McDoel,
Pres. ; E. C. Field, Vice-Pres. ; W. H. Lewis, Sec.
& Treas., Chicago, 111. Office, Chicago, 111.
FINANCIAL STATEMENT. — Capital stock,
13. Board of Directors, C., I. d L. Ry. Co., as constituted January 1, 1903.
Term expires Sept., 1903.
Gilbert B. Shaw.. .Chicago, 111.
Jas. Murdock. .Lafayette, Ind.
V. T. Malott. . .Indianapolis.Ind.
Term expires Sept., 1904.
R. M. Gallaway.New York, N.Y.
Charles Steele.. "
Wm. H. McDoel... Chicago, 111.
Term expires Sept., 1905.
H. A. Hickman. ..Chicago, 111.
Amos T. French. New Yqrk.N.Y.
A. H. Gillard....
Term expires Sept., 1906.
Temple Bowdoin New York, N. Y. | One Vacancy.
W. H. McDoEL, President and General Manager Chicago, 111.
Sec. d Asst. Treas. — J. A. Hilton . New York, N. Y. | Treas. & Asst. Sec. — W. H. Lewis.. Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS 198 Custom House Place, Chicago, 111.
New York Office 80 Broadway.
CHICAGO JUNCTION RAILWAY COMPANY.
1. History. — Consolidation, Jan. 1, 1898 (effective April 1, 1898), of the Chicago,
Hammond and Western RR. Co. and the Chicago and Indiana State Line Ry. Co. (sec
MANUAL for 1897, page 121). The Union Stock Yards and Transit Line is operated under
a lease whereby it receives two-thirds of the net earnings of the entire property.
2. Rolling Stock, June 30, 1902. — Locomotives (26 leased), 47. Cars— freight
(box, 35; coal, 388), 423; service, 18 — total, 441.
POOK'S MANUAL OF RAILROADS.
359
3. Trackage Rights. — The company has trackage rights in other roads as follows :
Calumet River RR., from South Chicago to Hegewisch, 111., 4.42 m.; South Chicago and
Southern RR., from Hegewisch to Calumet Park, 111., 1.75 m.; East Chicago Belt Ry., at
Whiting, Ind., 1.51 m.; and from State Line, Ind., to Grasselli, Ind., 3.84 m. ; Terminal
Ry., from Chappell, 111., to Union Stock Yards, Chicago, 111., 10.15 m. ; Chicago Terminal
Transfer RR. from Blue Island to McCook, 111., 13.88 m., and at Whiting, Ind., 0.49 m.—
total, 36.04 miles.
4. Mileage Operated, June 30, 1902.— A. , LINES OWNED (total, 30.13 miles).
( Whiting, Ind., to Blue Island, 111 14.07 miles.
Main Jinf> MeCook to Franklin Park, 111 10.36 "
(27 SfcWnlv 1 Archer Ave., Chicago, to 39th Street, Chicago, 1111 1.22 «
I 34th Street, Chicago, to 39th Street, Chicago, 111 0.84 "
[ 47th Street, Chicago, to Morgan & Wallace Sts., Chi., 111.. . 0.99 "
Branches: Whiting, Ind., to Blue Island, 111., 0.90 m.; McCook, 111., to
Franklin Park, 111., 1.75 in 2.65 "
B. LEASED LINE: Union Stock Yards and Transit Line 8.76 "
O. TRACKAGE RIGHTS (see details in Sec. 2) 36.04 "
Total mileage operated, June 30, 1902 74.93 miles.
2d track (owned, 17.84 m.; leased, 8.54 m.), 26.38 m.; sidings (owned, 24.95 m.; leased,
106.82 m.), 131.77 m. Total track (owned, 72.92 m.; leased, 124.12 m.), 197.04 miles.
Gauge, 4 ft. 8^ in. Rail (steel), 75 Ibs.
5- Operations, year ending June 30, 1902.— Train mileage (freight), 158,039 miles.
Tons of freight moved, 2,408,024; moved one mile, 57,509,216. Gross earnings (freight,
$471,108.23; other, $1,427,759.44), $1,898,867.67. Operating expenses (maint. way and
structures, $198,933.25; maintenance of equipment, $107,508; transportation, $762,677.02;
general, $59,044.11), $1,128,162.38. Net earnings, $770,705.29; other income, $9,809.05—
total, $780,514.34. Payments: Lease rental, $420,248.08; taxes, $17,848.52; interest on
bonds, $125,400; other interest, $6,893.68; dividends (6 p. c.), $132,000— total, $702,-
390.28. Surplus, $78,124.06; surplus forward, $480,398.91; additions during year, $8,-
118.72— total surplus, June 30, 1902, $566,641.69.
6. General Balance Sheet, June 30, 1902.
Cost of Road $4,280,283 86
Cost of Equipment 389,46388
Securities Owned 102,50000
Materials and Supplies 99,24041
Cash and Current Assets 637,328 04
Total Assets $5,508,816 19
Capital Stock ($100 shares) $2,200,00000
Funded Debt (see Sec. 7) 2,090,00000
Current Liabilities 652.174 50
Profit and Loss 566,641 69
Total Liabilities $5,508,816 19
7. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of 1st 6s of Jan.
1, 1927, secured by mortgage dated Jan. 1, 1897, and covering the entire property of the company.
The amount outstanding on June 30, 1903, was {2,390,000, an increase of $300,000 during the
year.
8. Directors. —J. A. Spoor, A. G. Leonard, P. A. Valentine, Chicago, 111.; Wm. C.
Lane, New York, N. Y. ; J. P. Lyman, R. Fitzgerald, F. S. Winston, A. H. Veeder, Chi-
cago, 111.; Nathaniel Thayer, Boston, Mass.
J. A. SPOOB, President Chicago, 111.
R. Fitzgerald, Vice-President " "
Sec. d Treas. — C. D. Moyer Chicago, 111. \ Auditor — C. C. Chace Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Monadnock Building Chicago, 111.
CHICAGO, MILWAUKEE AND ST. PAUL RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Bonds and Stocks Owned... 13a
Bond Issues Afloat, 1896-1902.. 10
Capital Expenditures 12
Capitalization per mile 7
Capital Stock 8
Directors and Officers 14
Dividend Rights 8
Earnings, Expenses, etc 5
Funded Debt, Details of...
Gen. Bal. Sheet, June 30, J902
Gen. Balances, 1896-1902....
History
Income Acct, June 30, 1902. .
Income Account, 1896-1902...
Interest on Bonds, Details..
Lines of Road
Mileage and Equip., 1896-1902. 4
Mileage Operated 3
Operafs and Inc., 1896-1902... 4
Renewal Fund 11
Rolling Stock 2
Stocks and Bonds Owned 13a
Trackage and Term. Rights. 3a
Track Mileage ;;<•
360
CENTRAL NORTHERN GROUP.
1. History. — Organized as Milwaukee and Rt. Paul Ry. Co., May 5, 1863; present
name adopted Feb. 14, 1874. The steady growth of the system ia recorded in previous
numbers of the MANUAL, particularly those of 1888 and 1892. A branch from a point
3.4 miles west of Preston to Green Island, la., a distance of 11.9 miles, was completed and
put in operation in October, 1901. The new line between Chicago and Kansas City, re-
ferred to in the MANUAL for 1902 on pages 339-340 was expected to be completed late in
the spring of 1903. At the date of the annual report work was in progress on three addi-
tional lines — From Farmington to Mankato, Minn., 56 miles ; from Zumbrota to Faribault,
Minn., 35 miles; and from Eureka to Linton, N. D., 49 miles. On March 1, 1903, the
extension to Linton was practically completed, the line to Mankato was completed, 30
miles, to Le Sueur, and construction was in progress on the Faribault line. The gauge of
the line from Reno to Preston, Minn., was broadened to the standard during the past
fiscal year, and that of the line from Wabasha to Zumbrota, Minn., was broadened to the
standard after June 30, 1902, leaving in the whole system only the line from Bellevue to
Cascade, la., of 3 ft. gauge.
Under a contract with the Northern Pacific Ry. Co. this company has the use of the
Northern Pacific's St. Paul-Duluth line for the term of 99 years from Oct. 1, 1900. This
company has made a traffic contract with the Union Pacific RR. Co. for through freight
and passenger service from Chicago to the Pacific Coast, the agreement to remain in
force until either party withdraws.
After June 30, 1902, the company purchased the Wisconsin Western RR., a line extend-
ing from La Farge to Wauzeka, Wis., a distance of 51.68 miles (see MANUAL for 1902, page
433).
2. Boiling Stock, June 30, 1902. — Standard Gauge: Locomotives, 946. Cars — pas-
senger, 445; sleeping, 62; parlor, 19; dining, 10; baggage, mail, express and combination,
337; freight (box, 27,135; stock, 3,135; flat, coal, and ore, 7,060; refrigerator and vege-
table, 1,237; ballast, 185), 38,752; service, 597— total, 40,222. 'Narrow Gauge: Loco-
motives, 7. Cars — passenger, 4; baggage, mail, express, and combination, 5; freight (box,
189; stock, 56; flat, 39), 284; caboose, 5— total, 298.
At the close of the fiscal year, June 30, 1902, there was a shortage of 237 cars (1 pos-
tal, 218 flat, 3 refrigerator, and 15 caboose), the amount to replace which, $113,350, is
charged to operating expenses for the year and is shown at the credit of the account of
"Replacement Fund — Care" on the general balance sheet.
3. Mileage Operated, June 30, 1902.
Alain Line: Chicago, 111., to Minneapolis, Minn 420.00 miles.
Other divisions and branches, owned absolutely 6,158.21 "
Lines owned jointly with other companies 25.64
Lines operated under trackage rights 150.25 "
Total length of lines operated, June 30, 1902 6,754.10 miles.
3a. Trackage and Terminal Rights.— Statement of mileage used by the company
under contracts for trackage or terminal rights, also showing the annual consideration
paid therefor :
NAME or COMPANY.
Designation
of Property.
Situation of Property.
Miles
of
Line.
Annual Consideration.
P..C.,C.ASt.L.Ry.
Illinois Central RR
Kansas City Belt Ry...
ChL, BurL AQui. RR..
Union Pacific RR
Des M. Union Ry
Dav.. R. I. & N. W. Ry
Escan. A L'ke Sup. Ry.
BurL.C.RANo.Ry .
Total
Tracks
Chicago 111 . ....
2.37
0.67
6.83
11.97
8.60
1.72
51.35
65.43
1.31
Proportion of maintenance.
$3,240 yearly rental.
3 p. c. on value, A prop'n maint.
Proportion of maintenance.
$45,000 yearly rent A prop'n maint.
Proportion of maintenance.
Tracks
Tracks A term' Is.
Tracks & term" Is
Track A term' Is .
Tracks A term' Is
Tracks A term' Is
Tracks . .
Rockford to Davis Junction, 111
Coun. Bluff* Trans, to So. Omaha
Des Moines, la
Clinton, la., to East Moline, 111
Channing to Escanaba, Mich
Tracks
150.25
POOR'S MANUAL — CHICAGO, MILWAUKEE AND ST. PAUL RY. CO. 361
3b. Lines of Road Owned. — Statement in detail of the lines owned absolutely and
of the lines in which the company is jointly interested with others, June 30, 1902:
LINES OWNED ABSOLUTELY.
Miles.
Chicago, 111., to Milwaukee, Wis 82.59
Rondout, 111., to Janesville, Wip 66.90
South Milwaukee to La Crosse, Wis , . 190.70
Watertown Junction to Madison, Wis 36.48
Portage City to East Madison, Wis 33.01
Viroqua Junction to Viroqua, Wis 32.17
North La Crosse to Onalaska, Wis 3.76
North La Crosse, Wis., to Minneapolis,
Minn 138.10
St. Croix Junction to Stillwater, Minn.. 24.78
Milwaukee, Wis., to North McGregor, la. 196.62
Mazomanie to Prairie du Sac, Wis 10.37
Lone Rock to Richland Center, Wis..... 16.22
Calmar, la., to Minneapolis, Minn 172.02
Conover to Decorah, la 10.00
Austin, Minn., to Mason City, la 39.29
Mendota to St. Paul, Minn 0.36
Northfield to Cannon Junction, Minn 31.98
N. McGregor, la., to Chamberlain, S. D. 441.25
Beulah to Elkader, la 19.20
Spencer to Spirit Lake, la 20.18
Rock Valley, la., to Hudson, S. D 9.38
Marion June, to Running Water, S. D.- 62.85
Chestnut St., Milwaukee, to Portage City,
Wis 100.24
Cement Line Junction to Rock, Wis 1.06
Iron Ridge to Fond du Lac, Wis 30.66
Horicon to Berlin, Wis 42.30
Brandon to Markesan, Wis 11.49
Ripon to Oshkosh, Wis 19.09
Rush Lake Junction to Winneconne, Wis. 14.89
Merrill Park to North Milwaukee, Wis.. 6.17
Granville to North Lake, Wis 20.08
S. Minneapolis, Minn., to Aberdeen, S. D. 285.76
Glencoe to Hutchinson, Minn 13.45
Hopkins to Lake Minnetonka, Minn 7.84
Hastings to Benton Junction, Minn 53.71
Milbank to Sisseton, S. D 37.24
Andover to Harlem, N. D 55.91
Wabasha to Zumbrota, Minn 60.21
Racine, Wis., to Kittredge, 111 119.94
Savanna to East Moline, 111 47.70
Janesville to Beloit, Wis 13.86
Blkhorn to Eagle, Wis 16.59
Rockton to Rockford, 111 14.94
Manilla, la., to Mitchell, S. D 225.68
Elk Point, la., to Sioux Falls June., S.D. 102.73
Tripp to Armour, S. D 20.45
Napa to Platte, S. D 82.00
North Chicago to Savanna, 111 138.71
Galewood to Dunning, 111 2.98
Savanna, 111., to Council Bluffs, la 349.14
Elk River Junction to Clinton, la 10.58
Davenport to Jackson Junction, la 151.50
Eldridge to Hurstville, la 34.61
Paralta to Farley, la 43.63
La Crescent, Minn., to Woonsocket, S. D. 393.42
Wells to Mankato, Minn 38.08
Madison to Bristol, S. D 103.02
Milton to Shullsburg, Wis 76.84
Brodhead to New Glarus, Wis 22.78
Warren, 111., to Mineral Point, Wis 32.29
Calamine to Platteville, Wis 17.14
Sabula June., la., to River June., Minn.. 161.11
Miles.
Browns to Green Island, la 11.90
Bellevue to Cascade, la. (3 ft. gauge).. 35.77
Turkey River June, to West Union, la. 58.34
Waukon Junction to Waukon, la 22.95
Reno to Preston, Minn 57.77
Toman to Star Lake, Wis 183.22
New Lisbon to Vesper, Wis 50.07
Dexterville to Romadka, Wis 27.65
Wabasha, Minn., to Chippewa Falls, Wis. 61.38
Red Cedar Junction to Menomonie, Wis. 16.32
Ortonville, Minn., to Fargo, S. D 116.97
Mitchell, S. D., to Edgeley, N. D 192.98
Aberdeen to Bowdle, S. D 57.02
Bowdle to Evarts, S. D 40.65
Orient to Eureka, S. D 67.38
Marion, la., to Coburg, Mo 299.54
Chicago to Llewellyn Park, 111 13.59
N. Milwaukee, Wis., to Champion, Mioh. 253.81
Hilbert Junction to Appleton, Wis 6.03
Oconto Junction to Oconto, Wis 11.94
Ellis June., Wis., to Menominee, Mich. 22.43
Wausaukee to Girard Junction, Wis 17.65
Channing to Ontonagon, Mich 92.87
Kelso to Crystal Falls, Mich. 6.94
Des Moines to Spencer, la 155.46
Clive to Boone, la 34.97
Rockwell City to Storm Lake, la 38.58
Total Owned Absolutely 6,578.21
MAIN TRACK IN WHICH THE COMPANY is
JOINTLY INTERESTED WITH —
Chi. & Northwest. Ry. Co., Chicago, 111. I
Pitts., Cin.,Chi.&St.L.Ry.Co., Chicago, 111. f
Wis. Cent. Ry., Chippewa Falls, Wis
Chi. & Northwest. Ry. Co., Chicago, 111. I
Pitts., Cin.,Chi.&St.L.Ry.Co., Chicago, 111. |
C., St. P., M. & O. Ry. Co., Mendota to
St. Paul, Minn
C., B. & Q. RR. Co., Davis Junction, 111.
Burl., C.R. & No.Ry.Co., Davenport, la.
Illinois Central RR. Co., Sioux City, la. )
C.,St.P., M. & O. Ry. Co., Sioux City, la. V
Sioux City & Pac.Ry.Co., Sioux City, la. )
C. & N. W. Ry. Co., Fond du Lac, Wis..
W. C. Ry. Co., Neenah to Menasha, Wis.
W.C.Ry.Co., Hilbert Jc. to Menasha, Wis.
C., B. & Q. RR. Co., Clinton, la I
Burl., C. R. & No. Ry. Co., Clinton, Ia..(
0.39
1.63
0.16
5.20
0.16
1.87
0.11
0.28
1.39
14.41
0.04
Total Owned Jointly 25.64
Total Lines Operated 6,603.85
Trackage Rights (details elsewhere). 150.25
Grand Total... 6,754.10
3c. Summary Of Track Mileage. — Statement showing the mileage of all tracks
operated by the company on June 30, 1902, and the length of same laid with steel rails:
Main
Track.
LinesOwned Absolutely 6,578.21
Lines Owned Jointly. 25.64
Trackage Rights. 150.25
Second Third Fourth Connect. Sidings,
Track. Track. Track. Track. etc.
287.40 5.57 1.72 3431 1,710.17
1.83 4.44 61.92
18.82 1.14
Total Steel
Track. Rail.
8,617.38 8,028.13
93.83 93.83
170.21 170.21
Totals 6,754.10 308.05 6.71 1.72 38.75 1,772.09 8,881.42 8,292.17
Gauges, 4 ft. 8^ in. and (Cascade Branch, 35.77 miles) 3 ft. Rail, 56 to 85 Ibs.
362 POOR'S MANUAL OP RAILROADS — CENTRAL NORTHERN GROUP.
4. Statement of operations, etc., property and capital account for seven fiscal years :
1896
1897
1898
1899
1900
1901
1902
Mileage Operated . .
Paw. Train Mileage.
Frt. Train Mileage....
Mixed Train Mileage
6,153.27
7,788,709
13,526,151
970,799
6,152.55
7,819.919
12,387,036
992,511
6.153.83
7,930,481
13,880,445
1,140,398
6,153.72
8,188,048
15,331,606
1,125,398
6,347.38
9,031,841
15,124,734
1,242,986
6,512.38
9,635,637
14,541,938
1,128,138
6,604.57
9,974,283
14,876,792
1,089,099
Total Rev Tr. Mil. ..
22,285,659
21,199,466
22,951,324
24,645,052
25,399,561
25,305,713
25,940,174
Passengers Carried .
Passenger Mileage. .
Frt. (tons) Moved.. .
Frt. (ton) Miles. . . .
Pass. Earnings
Freight Earnings. . .
Other Earnings
7,427,614
260,821,497
12,210.055
2,381,667,988
$
6,147.679
23,887,930
2,646,220
7,154,689
251,110,669
11,554,153
2,193,241,080
f
5,717,496
22,104,803
2,664.469
7,095,641
253,485,504
14,230,742
2,621,348,372
$
5,986,840
25,468,852
2,733,972
7,677,769
290,017,172
15,830,156
3,070,579,710
$
6,778,921
28,773,222
2,758,489
8,677,822
328,178,516
17,757,419
3,357,456,584
$
7,698,514
31,220,217
2,965,961
8,319,227
341,043,592
18,010,683
3,639,977,919
1
7,939,216
31,357,992
3,071,804
9,158,957
384,944,875
19,885,573
3,990,048,676
$
8,918,966
33,516,812
3,177,347
Gross Earnings
Oper. Expenses
32,681,829
18,594,724
30,486,768
17,393,308
34,189,664
20,067,436
38,310,632
22,776,670
41,884,692
27,162,829
42,369,012
26,636,112
45,613,125
28,796,734
Net Earnings
14,087,105
13,093,460
14,122,228
15,533,962
14,721,863
15,732,900
16816391
Other Receipts
64,857
162,823
131,018
117,411
144,755
174,682
434,315
Net Income
14 151 962
13,256,283
14,253,246
15,651,373
14 866 618
15 907,582
17250706
Charges — Taxes ....
1,082,084
7611928
1,184,231
7488747
1,134,131
7,190,431
1,186,166
6,890,120
1,258,008
6 633 170
1.341,390
6383035
1,400,161
6 210 086
Pref. Dividends . .
Com. Dividends. ..
Balance, Surplus . . .
Gross Earn p. Mile.. .
Oper. Exp. per Mile..
Net Earn, per Mile. .
Expenses to Earn
Av.Rate p.Pass.p.M
Av.Ratep.Tonp.M
Miles of RR.Owned*
Miles TrackOwned*
Miles Steel Rails* . .
Locomotives ....
(7) 1.872.178
(4) 1,841,090
1,744,682
5,311 13
3,021 93
2,289 20
56.90 p.c.
2.36 c.
1.00 c.
6,145.19
7,745.83
5,954.63
833
(7) 1.971,928
(5) 2,301,343
310,034
4,955 14
2,82708
2,128 06
57.05 p.c.
2.28 c.
1.01 c.
6,148.24
7,776.16
5,990.19
830
(7) 2.200,968
(5) 2,301,330
1,426,386
5,555 83
3,26097
2,294 86
58.69 p.c.
2.36 c.
0.97 c.
6,148.24
7,844.98
6,225.05
815
(7) 2,411,126
(5) 2,341,405
2.822,556
6,225 61
3,701 28
2,524 33
59.45 p.c.
2.34 c.
0.94 c.
6,147.91
7,910.52
6,675.74
813
(7t 2,686,610
(5) 2,357,105
1,931,725
6,598 74
4,263 62
2,335 12
64.85 p.c.
2.35 c.
0.93 c.
6,409.87
8,262.91
7,593.92
837
(7) 2,998,181
(6) 3,089,112
2,095,864
6,505 92
4,090 07
2,415 85
62.87 p.c.
2.32 c.
0.86 c.
6,583.50
8,547.39
8,284.19
897
(7) 3,235,288
(7) 4,072,873
2,332,298
6,906 30
4,360 12
2,546 18
63. 13 p.c.
2.32 c.
0.84 c.
6,591.03
8,664.29
8,075.04
953
Pass. Train Cars
Freight Train Cars..
Preferred Stock ....
Common Stock
Funded Debt . . .
777
27,961
$
26.895,900
46,027,261
139 161 000
778
27,819
$
29,054,900
46,026,600
137 762 000
784
30,264
1
31,818,400
46,026,600
136588500
777
34,115
35,595,400
46,923,600
136226500
833
36,648
1
40,454,900
47,146,600
131 147 000
860
38,327
$
44,658,400
55,821,800
126 941 500
896
39,624
$
46,682,400
58,183,900
124 796 500
Special Fundsf
Current Liabilities.. .
Income Account. . . .
1,306,286
6,348,537
7,663,867
1,624,873
6,001,629
8,509,720
2,557,774
6,726,156
9,802,695
3,727,597
6,895,848
12,779,871
3,767,190
7,005,210
14,887,254
4,110,209
7,307.697
17,626,229
5,557,225
7,401.492
20,682,069
Total Liabilities...
Cost of Property. . . .
Stocks Bonds, etc. .
Special Fund Assets
Materials A Fuel . . .
Current Assets
Cash on Hand
227,402,851
211,830,735
5,451,236
1,022,082
1,846,511
1,658,668
5,593,619
228.979.722
212,594,714
6,318,856
1,642,485
1,911,288
1,538,911
4,973,468
233,520,125
214,195,295
7,432,223
2,580,793
2,265,902
1,958,169
5,087,743
242,148,816
218,506,635
9,252,187
3,758,394
2,467,794
1,786,314
6,377,492
244,408,154
218,302,681
9,453,391
3,827,730
3,494,898
4,241,053
5,088,401
256,465,835
224,288,833
9,264,853
4,055,668
3,217,291
2,121.014
13,518,176
263,303,586
228,731,116
7.233,122
5,476,785
3.996,818
2,315,184
15,550,561
Total Assets
227,402,851
228,979,722
233,520,125
242,148,816
244,408,154
256,465,835
263,303,586
•Includes one-balf of mileage owned jointly with other companies,
rolling stock, replacement fund, and renewal fund.
tlncludes sinking funds,
5. General Income Account, year ending June 30, 1902.
Earnings— Passenger $8,918,96630
Freight 33,516,81226
Mall and Express I
Miscellaneous f
Total ($6,906.30 per mile) $45,613.124.84
Expenses— Malnt. Way and Struct.*.. $9,694,13622
Malnt. of Equipment 3,363,59635
Conducting Transportation 14,881,635 19
General Expenses 857,36707
Total ($4,360.12 per mile) $28,796,733
* Includes $2,475,000 credited to renewal and improvement account.
Net earnings (36.87 p. c.), $16,816,391.01; other income, $434,314.68— total, $17,250,-
705.69. Payments: Taxes (general, $1,351,577.76; revenue stamps, $48,583.45), 11,400,-
161.21; interest on bonds (see Sec. 5a), $6,210,086.11; dividend No. 64, payable April 23,
POOR'S MANUAL CHICAGO, MILWAUKEE AND ST. PAUL RY. CO. 363
1002 (3y2 p. c. on preferred stock, $1,601,404; and 3 p. c. on common stock, $1,745,517),
$3,346,921— total, $10,957,168.32. Surplus, $6,293,537.37. Credit balance, June 30, 1901,
$17,626,229.24; less dividend No. 63, paid Oct. 29, 1901 (3y2 p. c. on preferred stock,
$1,563,044; and 3 p. c. on common stock, $1,674,654), $3,237,698; balance, July 1, 1901,
$14,388,531.24. Credit balance, June 30, 1902, $20,682,068.61. Dividend No. 65 (Zy2 p. c.
on preferred stock, $1,633,884; and 4 p. c. on common stock, $2,327,356), $3,961,240, was
paid in Oct., 1902, from the earnings of the fiscal year ending June 30, 1902, leaving a
surplus of $2,332,297.37 from the year's business and a credit balance of $16,720,828.61 to
be carried forward. A dividend of 3j/£ p. c. on each class of stock, amounting to $3,694,-
435.50, was paid on April 23, 19D3.
5 a. Interest Accrued on Bonds. — St. P. Div. bonds (matured and interest ceased Jan. 1,
1902), $2,450; H. & D. Div. 1st 7s, 1903, $770; C. & M. Div. 1st 7s, 1903, $13,440; consol. 7s,
1904, $3,710 ; consol. 7s, 1905, $182,420 ; I. & D. Ex. 1st 7s. 1908, $85,820 ; S. W. Div. 1st 6s.
1909, $240,000 ; H. & D. Ex. 1st 7s, 1910, $397,600 ; H. & D. Ex. 1st 5s, 1910, $49,500 ; C. & P.
Div. 1st 6s, 1910, $180,000 ; So. Minn. Div. 1st 6s, 1910, $445,920 ; M. Pt. Div. 1st 5s, 1910, $142,-
000; Terminal 5s, 1914, $237,400; L. C. & D. Div. 1st 5s, 1919, $125,000; Dub. Div. 1st 6s, 1920,
$360,420 ; Wis. Val. Div. 1st 6s, 1920, $130,740 ; C. & P. W. Div. 1st 5s, 1921, $1,267,000 ; W. &
M. 1st 5s, 1921, $237,750 ; C. & L. S. Div. 1st 5s, 1921, $68,000 ; C. & M. R. Div. 1st 5s, 1926,
$154,150; gen. mtge. 4s, 1989, $960,000; gen. mtge. 3Js, 1989, $359,205; W. V. RR. 1st 7s, 1909,
$77,455; M. & N. RR. 1st 6s, 1910, $129,300; M. & N. RR. Con. 6s, 1913, $305,520; D. & Gt. S.
Ry. 1st 5s, 1916, $142,800 ; F. & S. Ry. 1st 6s, 1924, $75,000 ; interest on bonds retired, $43,400 —
total, $6,416,770. Less interest on bonds held in the treasury of the company or due from the
trustees, $206,683.89. Net amount of interest accrued, $6,210,086.11.
O. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $228,731,110 31
Bonds, Stocks, etc., of Other Cos. . 2,222,122 30
Sinking Fund Assets 786,555 45
Depositaries of Renewal Fund 4,680,22907
Insurance Department 10,00000
Materials and Fuel on Hand 3,996,81806
Stocks and Bonds in Treasury 5,011,00000
Sundry Dues and Accounts..: 2,315,18378
Cash on Hand 15,550,56126
Total Assets $263,303,586 23
Capital Stock — Preferred $46,682,40000
Capital Stock — Common 58,183,900 00
Funded Debt 124,796,500 00
Sinking Funds 763,64637
Current Liabilities 4,547,972 18
Interest Accrued, not yet Payable. .. 2,853,520 00
Replacemen t Fund — Cars 113,350 00
Renewal an-1 Improvement Fund 4,680,22907
Income Account 20,682,06861
Total Liabilities $203,303,586 23
7. Capitalization per Mile. — The amount of capital stock per mile of road is $15,879.57.
The amount of funded debt per mile of road is $18,897.54, on which the interest charge is $964.73
per mile. The total capitalization of the company amounts to $34,777.11 per mile of road. The
capital investment, including cost of investments in the securities of other companies, amounts
to $34,972.51 per mile of road.
8. Capital Stock. — On June 30, 1901, the share capital of the company amounted to $100,-
480,200, and consisted of $44,658,400 of preferred stock and $55,821,800 of common stock. During
the succeeding fiscal year it was increased by $2,024,000 of preferred stock, issued in exchange for
an equal amount of convertible bonds cancelled, and by $2,362,100 of common stock, sold to reim-
burse the treasury for amount expended from earnings for construction of various lines, for real
estate and for additions to the property. The total amount of capital stock on June 30, 1902, was
$104,866,300.
The preferred stock is entitled to 7 p. c. dividends, non-cumulative, after payment of interest
on all bonds, the company having the privilege of reserving, as a working capital, not exceeding
$250,000 over floating debt and accrued interest on the mortgage bonds. After payment of 7 p. c.
on common stock both classes share pro rata in any further profits. A statement showing the dates
and rates of all dividends paid by the company up to and including that of April 19, 1898, together
with the amounts of capital stock on which such dividends were paid, is in the MANUAL for 1898,
page 399. Later payments are recorded in the table of DIVIDENDS PAID BY RAILROAD COMPANIES —
see GENERAL INDEX.
9. Funded Debt. — The funded debt on June 30, 1902 — total, $124,796,500, as per general
balance sheet — consisted of the several issues of bonds, listed in the following statement. Addi-
tional particulars respecting any issue will be found in the paragraph relating thereto appended to
the statement ; and the details of funded debt outstanding on or about Aug. 1, 1903, will be found in
the Ready Reference Bond List — see General Index :
$11,000 H. & D. Div. 1st 7s of Jan. 1, 1903.
192,000 C. & M. Div. 1st 7s of Jan. 1, 1903.
53,000 Consol. 7s of Jan. 1, 1904.
2,606,000 Consol. 7s of July 1, 1905.
1,220,000 I. & D. Ext. 1st 7s of July 1, 1908.
4,000,000 P. W. Div. 1st 6s of July 1, 1909.
5.680,000 H. & D. Ex. 1st 7s of Jan. 1, 1910.
990,000 H. & D. Ex. 1st 5s of Jan. 1, 1910.
3,000,000 C. &. P. Div. 1st 6s of Jan. 1, 1910.
7,432,000 So. Min. Div. 1st 6s of Jan. 1, 1910.
2WO.OOO M. Pt. Div. 1st 5s of July 1, 1910.
4,748,000 Terminal 5s of July 1, 1914.
2,500,000 L. C. & D. Div. 1st 5s of July 1, 1919.
6,007,000 Dub. Div. 1st 6s of July 1, 1920.
$2,179,000 Wis. Val. Div. 1st 6s of July 1, 1920.
25,340,000 C. « P. W. Div. 1st 5s of Jan. 1, 1921.
4,755,000 W. & M. Div. 1st 5s of July 1, 192L
1,360,000 C. & L. S. Div. 1st 5s of July 1, 1921.
3,083,000 C. ft M. R. Div. 1st 5s of July 1, 1926.
1,106,500 W. V. RR. 1st 7s of Jan. 1, 1909.
2,856,000 D. & Gt. S. Ry. 1st 5s of Jan. 1, 1916.
1,250.000 F. & S. Ry. 1st 6s of Jan. 1, 1924.
70,000 St. P. Div. matured Jan. 1, 1902.
2,000 I. & D. Div. matured July 1, 1899.
24,000,000 Gen. Mtge. 4s of May 1, 1989.
10,263,000 Gen. Mtge. 3Js of May 1, 1989.
2,155,000 M. & N. RR. 1st 6s of June 1, 1910.
5,092,000 M. & N. RR. Con. 6s of June 1, 1913.
NOTE. — Included in the preceding statement are $3,922,000 of unsold gen. mtge. bonds which are
held in the treasury or due from trustee, and $1,089,000 of unsold Milwaukee and Northern RR.
consol. mtge. 6 p. c. bonds which are held in the treasury of the company.
364 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Hastings and Dakota Division Bonds. — These bonds having been retired the mortgage securing
them has been discharged.
Chicago and Milwaukee Division Bonds. — Secured on the line from Chicago, 111., to Milwaukee,
Wis., 82.20 miles. The bonds matured on Jan. 1, 1903, and all except $15,000 of them have been
retired.
Consolidated Mortgage Bonds. — Secured on the following lines (subject to the lien of the Chi-
cago and Milwaukee Division 1st 7s of Jan. 1, 1903, secured on the line from Chicago to Milwaukee,
82.2 miles, and subject to the lien of the St. Paul Division 1st 7s of Jan. 1, 1902, secured on the line
from La Crescent to St. Paul, 128.1 miles, only small amounts of which prior lien bonds remain
outstanding) : Chicago, 111., via Milwaukee, Watertown, Portage and La Crosse, Wis., to St. Paul
and Minneapolis, Minn., 417 miles; Milwaukee, Wis., via Prairie du Chien to Minneapolis, Minn.,
415 miles ; Milwaukee to Portage City, Wis., via Horicon, 100.24 miles ; Horicon to Berlin, Wis.,
42.30 miles ; Ripon to Oshkosh, Wis., 19.09 miles ; Rush Lake Junction to Winneconne, Wis., 14.89
miles ; Watertown to Madison, Wis., 36.48 miles ; Milton to Monroe, Wis., 42 miles ; Calmar to
Algona, la., 126 miles ; Conover to Decorah, la., 10 miles ; Sabula to Marion, la., 87 miles ; Hast-
ings to Glencoe, Minn., 74.20 miles ; Austin, Minn., to Mason City, la., 39.29 miles — total, 1,423.49
miles. The bonds of 1904 are prior in lien to those of 1905. Both issues are convertible into pre-
ferred stock at par — the bonds of 1904 at any time within 15 days, those of 1905 at any time within
10 days, after any dividend is declared and becomes payable on that stock. Between June 30, 1902,
and June 12, 1903, the amount outstanding was lessened to $1,894,000.
Iowa and Dakota Extension Division Gold Bonds. — Secured on the lines from Algona to Cham-
berlain, 273.90 miles, and from Marion Junction to Running Wattr, 62 miles, together with all
franchises, lands, equipment, etc., appertaining to those lines. The bonds are convertible into pre-
ferred stock of the company at par at any time within 10 days after dividends become payable on
that stock. Between June 30, 1902, and June 12, 1903, the amount outstanding was lessened to
$1,059,000.
Southwestern Division Bonds. — Secured on the lines from Racine to Port Byron Junction, 190
miles, and from Eagle to Elkhorn, 17 miles.
Hastings and Dakota Division Extension Bonds. — Secured on the lines from Glencoe to Roscoe,
278 miles ; Roscoe to Eureka, 26.85 miles ; Aberdeen to Edgerly, 64.15 miles ; and Milbank Junction
to Sisseton, 33 miles — total, 402 miles ; together with all franchises, real and personal property,
lands, equipment, etc., appertaining to those lines.
Chicago and Pacific Division Bonds. — Secured by first mortgage on the line from Chicago to
Kittredge, 116.60 miles, and on the Sabula bridge and approaches, 3.54 miles, and by second mort-
gage on the line from Kittredge to Savanna, 21.50 miles.
Southern Minnesota Division Bonds. — Secured on the lines from La Crescent to Sioux Falls,
346.50 miles ; Wells to Mankato, 38.08 miles ; Minneapolis to Benton Junction, 28.86 miles — total,
413.44 miles.
Mineral Point Division Bonds. — Secured on the lines from Warren to Mineral Point, 33 miles ;
Calamine to Plattville, 18 miles ; Monroe to Shulisburg, 34 miles ; Lone Rock to Richland Centre,
16 miles ; VIroqua to Sparta, 32 miles — total, 133 miles.
Terminal Mortgage Gold Bonds. — Secured on the depot grounds in the cities of Chicago and
Milwaukee.
La Crosse and Davenport Division Bonds. — Secured on the line from Davenport to Jackson Junc-
tion, 150.5 miles, and from Eldredge Junction to Maquoketa, 32.19 miles.
Dubuque Division Bonds. — Secured on the following lines : La Crescent to Clinton, 178 miles ;
Caledonia Junction to Preston, 57.77 miles ; Waukon Junction to Waukon, 22.95 miles ; Turkey
River Junction to West Union, 58.34 miles ; Bellevue to Cascade, 35.77 miles ; a total of 352.83
miles ; also on all property, both real and personal, appertaining to the Dubuque Division. A sink-
ing fund of 1 p. c. of the whole amount issued is annually provided for the purchase of these bonds
at not over 103 ; or, if they cannot be bought at that price, the fund may be applied at option to the
purchase of other 6 p. c. 1st mtge. bonds of the company at not under par.
Wisconsin Valley Division Bonds. — Secured by first mortgage on the line from Merrill to
Minocqua, 54.50 miles, and by second mortgage on the road from Toman to Merrill, 107 miles. Pro-
visions of sinking fund, same as for Dubuque Division bonds (see preceding paragraph).
Chicago and Pacific Western Division Gold Bonds. — Secured on the following lines : Cedar
Rapids to Kansas City, 293.84 miles^ Marion to Council Bluffs, 261.70 miles ; Sioux City to Manilla,
90.17 miles ; Egan to Woonsocket, 82.76 miles ; Sioux City to Aberdeen, 262.60 miles ; Elk Point to
Sioux Falls, 70 miles; Eden to Rock Valley, 9 miles ; and Farley to Cedar Rapids, 47 miles ; a total
of 1,117.07 miles.
Wisconsin and Minnesota Division Gold Bonds. — Secured on the following lines : Wabasha to
Zumbrota, 60.21 miles; Hastings to Stillwater, 24.78 miles; Northfield to Red Wing, 31.98 miles;
Wabasha to Chippewa Falls, 65 miles ; Red Cedar Junction to Cedar Falls, 21 miles ; Minneapolis
to St. Paul and Short Line bridge, 10 miles ; a total of 212.97 miles ; also on Read's Landing bridge,
and all property, both real and personal, appertaining to the lines mentioned.
Chicago and Lake Superior Division Gold Bonds. — Secured on the lines from Janesvilla to
Beloit, 13.86 miles ; Rockton to Rockford, 14.94 miles ; Madison to Portage, 39 miles ; also upon all
property, real and personal, appertaining to those lines.
Chicago and Missouri River Division Bonds. — Secured on the lines from Tripp to Armour, 20.45
miles ; Roscoe to Bowdle, 15.7 miles ; Roscoe to Orient, 41.29 miles — total, 77.44 miles ; also upon
property, both real and personal, appertaining to these lines, and also upon the rolling stock. It is
specified in the mortgage that additional bonds may be issued for two bridges across and beyond the
Missouri River, and their approaches, but not to exceed $600,000 for each.
Wisconsin Valley RR. Bonds. — Secured by first mortgage on the line from Toman to Merrill,
107.27 miles.
Dakota and Great Southern Ry. Gold Bonds. — Secured by first mortgage on the lines from Madi-
son to Bristol, 103.02 miles, and from Andover to Harlem, 55.91 miles, as also on all property, both
real and personal, appertaining to those lines.
Fargo and Southern Ry. Gold Bonds. — Secured on the line from Ortonville to Fargo, 116.97
miles, as also upon all property, real and personal, appertaining to that line.
General Mortgage Gold Bonds. — Secured on the entire property owned by the company previous
to its acquisition of the Milwaukee and Northern RR. (but subject to the prior liens of the twenty-
five mortgages thereon), except the Milwaukee and Northern RR., and will be secured on any addi-
tional property acquired by Issue of bonds covered by this mortgage. The total amount authorized
is $150,000,000, of which a sufficient amount is reserved for the retirement of prior lien bonds, the
POOR'S MANUAL CHICAGO, MILWAUKEE AND ST. PAUL RY. CO. 385
remainder being set aside to provide for extensions and branches, additional double track, real estate,
etc. It is provided in the mortgage that all prior lien bonds acquired through purchase, exchange or
otherwise shall be deposited with the trustee under this mortgage as additional security for the bonds
issued thereunder, and whenever all of the outstanding bonds secured by any prior mortgage or deed
of trust shall have been acquired, that class of bonds shall be cancelled. It is also provided that no
additional bonds shall be issued under any of the prior mortgages or deeds of trust and that all prior
bonds shall be paid and extinguished at maturity. Of the bonds issued up to June 30, 1901, there
were in the treasury or due from the trustees, $224,000 of the 4 p. c. bonds and $3,570,000 of the 31
p. c. bonds. It is provided in the mortgage that the board of directors shall determine the rate of
interest to be borne by each issue of the bonds, but that such rate shall not exceed 5 p. c. per annum.
It has been decided that for the present the issue of 4 p. c. bonds, known as Series A, shall stop at
No. 24,000.
Milwaukee and Northern First Mortgage Bonds. — Secured on the line from North Milwaukee to
Green Bay and the Appleton and Neenah Branches ; in all, 127 miles.
Milwaukee and Northern Consolidated Mortgage Bonds. — Secured by first mortgage on the road
north from Green Bay and by second mortgage on the road south of that point. The total amount
of bonds authorized under this mortgage is $8,000,000, the unissued bonds being reserved to retire
the 1st mtge. bonds and for other purposes.
1O. Statement showing amount of bonds of the several classes, including bonds in the
treasury and due from trustees, at the close of each fiscal year from 1895 to 1902:
1896
1897
1898
1899
1900
1901
1902
1st Mtge., Consol. 7 p. c
$
11,485,000
2,097,000
444,000
3,505,000
3,796,500
3,674,000
89,000
2,393,000
4,000,000
2,500,000
1,124,000
5,680,000
3,000,000
7,432,000
2,840,000
6,479,000
2,270,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
1,250,000
1,444,000
990,000
3,083,000
2,856,000
22,173,000
*
11,483,000
162,000
421.000
3,505,000
3,736,500
2,238,000
89,000
2,391,000
4,000,000
2,500,000
766,000
5,680,000
3,000,000
7,432,000
2,840,000
6,309,000
2,249,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
1,250,000
1,368,000
990,000
3,083,000
2,856,000
24,857,000
S
10,510,000
33,000
285,000
3,339,000
3,040,000
26,000
89,000
2,145,000
4,000,000
2,500,000
5,000
5,680,000
3,000,000
7,432,000
2,840,000
6,225,000
2,227,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
1,250,000
1,303,000
990,000
3,083,000
2,856,000
24,000,000
5,174,000
2,155,000
5,092,000
$
8,862,000
33,000
64,000
2,970,000
1,931,000
«
5,464,000
S
3,587,000
S
2,659,000
1st. Mtge. 7 p. c. (I. & M. Div.)
l»tM.7p.c. (I. & Dak. Div.)
2,000
2,287,000
1,578,500
2,000
1,560,000
920,000
2,000
1,226,000
70,000
lstM.7p.c. (l.&Dak Ex.)
1st M 7 p c (St P Div )
1st M 8 p c (P du C Div )
1st M. 7 p. c. (Has. & Dak.)
80,000
1.714,000
4,000,000
2,500,000
3,000
5,680,000
3,000,000
7,432,000
2,840,000
6,142,000
2,205,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
1,250,000
352,000
990,000
3,083,000
2,856,000
24,000,000
9,683,000
2,155,000
5,092,000
78,000
1,290,000
4,000,000
2,500,000
29,000
398,000
4,000,000
2,500,000
11,000
192,000
4,000,000
2,500,000
IstM 7p c (Ch. &MiL)
IstM. 6p. c. (So. Wn. Div.)
1st M. 5 p. c. (LaC. & D. Div.)
2dM.7.3p.c. (P.duC.Div.)
lstM.7p.c. (H.&D. Div. Ex.). .. .
1st M. 6 p. c. (Ch A PC Div.)
5,680,000
3,000,000
7,432,000
2,840,000
6,058,000
•2,184,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
1,250,000
40,000
990,000
3,083,000
2,856,000
24,000,000
9,978,000
2,155,000
5,092,000
5,680,666
3,000,000
7.432,000
2,840,000
6,007,000
2,179,000
25,340,000
4.755,000
1,360,000
1,106,500
4,748,000
1,250,000
2,000
990,000
3,083,000
2,856,000
24,000,000
10,070,000
2,155,000
5,092,000
5,680,000
3,000,000
7,432,000
2,840,000
6,007,000
2,179,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
1,250,000
1st M. 6 p. c. (S. Min. Div.)
1st M. 5 p. c. (Minr. Pt. Div.)
IstM 6p c (Dubuq Div)
1st M. 6 p. c. ( Wis. Vy. Div.)
1st M. 5 p. c. (Ch. & PC. W. Div.). . . .
1st M. 5 p. c. (W. & Min. Div.)
1st M. 5 p. c. (Ch. & L. S. Div.)
Wis. Vy. RR 7 p c. Bonds
Terminal 5 p. c. Bonds ....
1st M. 6 p. c. F. & S. R. Bonds
Inc. S. Fund 5 p. c. Con. Bonds
1st M. 5 p. c. (H. & D. Div. Ex.). . . .
1st M. 5 p. c. (Ch. & M. R. Div.)
Dak. & Gt. So. Ry. 5 p. c. Bonds ....
Gen. Mtge. 4 p. c. Bonds
990,000
3,083,000
2,856,000
24.000,000
10,263,000
2,155,000
5,092,000
Gen. Mtge. 3 j p. c. Bonds
1st M. Mil. & No. 6 p. c. Bonds
ConsoL M. 6s. M. & No. RR
2,155,000
5,092,000
2,155,000
5,092,000
Totali
139,161,000
137,762,000
136,588,500
136,226,500
131,147,000
126,941,500
124,796,500
11. Renewal and Improvement Fund. — Created during the year ending June 30, 1896,
to provide for the cost of track elevation in Chicago and for other extraordinary expenses. Charged
to operating expenses, for account of this fund, to June 30, 1902, $8,810,000 ; interest received on
balances, $306,014.09 — total, $9,116,014.09. Expenditures for elevation of tracks in Chicago.
$826,390.61 ; for third and fourth main tracks, $145,224.45 ; for reducing grade and improving
line, $2,144,632.25; for Escanaba docks and terminal facilities, $618,553.84; for change of line,
Redfleld, S. D., $24,729.48; for change of gauge, $200,018.44; for Menominee Valley connecting
track, $17,778.28 ; for replacement of bridges, $458,457.67 — total, $4,435,785.02. Balance unex-
pended, June 30, 1902, $4,680,229.07.
12. Capital Expenditures. — The expenditures for additions and improvements to property,
etc., charged to capital accounts, during the year ending June 30, 1902, were as follows : New loco-
motives and cars, $2,581,840.67 ; construction of new lines, $2,606,242.90 ; construction of second
main track, $507,321.07 ; real estate, $463,875.01 ; improvement Davenport, Rock Island and
Northwestern Ry., $63,300.30 ; purchase of Kansas City Belt Ry. Co. stock, $70,000 ; purchase of
Chicago and Pacific RR. Co. stock, $40 — total, $6,292,619.95. Credits : Premium on common stock
sold, $1,532,335.68; premium on gen. mtge. bonds sold, $6,500; sundry credits — real estate sold,
cost of tracks taken up, buildings taken down, destroyed, etc., $259,881.60 — total, $1,798,717.28.
Net expenditure, $4,493,902.67.
13. Receipt* from Stock* and Bonds Owned. — The total amount received for the
year ending June 30, 1902, as dividends on stocks owned was $34,750, and the total amount re*
ceived as interest on bonds owned, $14,195.
366
POOR S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
13a. LEDGER VALUE OF STOCKS AND BONDS OWNED BY THE COMPANY JUNE 30, 1902.
RAILWAY STOCKS.
$100,000 Des Moines Union Ry. Co...
100,000 Kansas City Belt Ry. Co...
7,000 Minnesota Transfer Ry. Co.
15,000 Minneapolis Eastern Ry. Co.
80,000 Chicago Union Tran. Ry. Co.
$1,000 00
100,000 00
7,000 00
15,000 no
40,000 00
2,350,000 Other Stocks 1,813,30030
Total $1,976,300 30
OTHER STOCKS.
$100,000 Braceville Coal Co $100,000 00
43,750 St. Paul Union Depot Co.... 43,75000
38,800 Merrill Boom Co 25,82200
RAILWAY BONDS.
$75,000 Minneapolis Eastern Ry. Co.. $60,000 00
3,922,000 C., M. & St. P. Ry. Co 3,922,000 00
1,089,000 Milw. & No. RR. Co 1,089,00000
Total $5,071,000 00
OTHER BONDS.
$6,000 City of Ottumwa $6,00000
8,500 Town of Ortonville, Minn.... 2,500 00
5,000 Town of Graceville, Minn.... 2,500 00
1,000 Town of Tarah, Minn 26000
6,000 Fox Riv. El. Ry. & Power Co. 5,000 00
Total $16,25000
Total
Total
Stocks $2,145,872 30
Bonds 5,087,250 00
Total $169,57200
14. RAILROAD PURCHASED BY THE C., M
WISCONSIN WESTERN RR — La Farge
to Wauzeka, Wis., 51.68 m. ; total track (steel;
56 to 72 Ibs.), 55.55 miles. Gauge, 4 ft. 8J in.
Chartered Nov. 21, 1899, and on Nov. 24, 1899,
purchased at foreclosure sale the property of the
Kickapoo Valley and Northern Ry. Co., taking
possession thereof on Nov. 27, 1899. (See Man-
ual for 1899, page 380.) Early in 1903 this road
was purchased by the Chicago, Milwaukee and
St. Paul Ry. Co. Locomotives, 3. Cars — passen-
ger, 3 ; baggage, etc., 1 ; freight ( box, 2 ; flat,
29), 31; caboose, 2; road, 2 — total, 39.
Grand Total $7,233,122 30
& ST. P. RY. Co. AFTEB JUNE 30, 1902.
OPERATIONS, year ending June 30, 1902. —
Gross earnings (passenger, $14,545; freight, $43,-
533; other, $106), $58,184; other income, $47— total,
$58,231. Operating expenses, $45,833 ; other de-
ductions, $4,185 — total, $50,018. Surplus, $8,213.
FINANCIAL STATEMENT, June 30, 1902. —
Capital stock paid in ($600,000 auth. ; $100
shares), $521,400; current liabilities, $87,500;
profit and loss, $2,341 — total, $611,241. Contra :
Cost of road, $576,599 ; equipment, $21,306 ; ma-
terials, etc., $8,762 ; cash assets, $4,574 — total,
$611,241.
15. Board of Directors, C., M, d St. P. Ry. Co., elected September 27, 1902.
ROSWELL MILLEB, Chairman of the Board New York, N. Y.
J. Ogden Armour. .Chicago, 111. C.W.Harkness. . .New York.N.Y. A. J. Earling Chicago, 111.
A. Belmont New York, N. Y. Fred. Layton.. Milwaukee, Wi.s. W. Rockefeller.. .New York.N.Y.
F. S. Bond... New London, Ct. Jos. Milbank..New York, N. Y. H. H. Rogers...
Peter Geddes. .New York, N.Y. Roswell Miller " J. H. Smith....
Samuel Spencer New York, N. Y.
A. J. EARLING, President Chicago, 111.
J. H. Hiland, 3d Vice-President " "
Treasurer — F. G. Ranney Chicago, 111. I Asst. Sec'y — J. M. McKinlay..New York, N. Y.
Asst. Sec. — E. W. Adams Milwaukee, Wls. | General Auditor — W. N. D. Winne.. Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
Financial Office No. 30 Broad Street, New York, N. Y.
CHICAGO, PEOBJA AND ST. LOUIS EY. CO. OF ILLINOIS.
1. Mileage Operated, Dec. 31, 1902.— A. OWNED (total, 232.55 miles).
Main Line: Pekin to Granite City, 111 179.20 m.
Madison Section : Madison to Bridge Junction, 111 3.07 m.— 182.27 miles
Jacksonville Branch: Havana to Jacksonville, 111 41.88
Qrafton Branch: Lock Haven to Grafton, 111 8.40
B. PROPRIETARY LINES (total, 54.37).
Lit ch ft eld and Madison Ry. : Litchfield to Madison, 111 43.97
Alton Terminal Ry.: At Alton, 111 1.00
Peoria and Pekin Union Ry. : Peoria to Pekin, 111 9.40
O. TRACKAGE RIGHTS (total, 12.89).
Illinois Central RR.: At Springfield, 111 ) i go «
Baltimore rf Ohio Southwestern RR. : At Springfield, 111 J
St. L. Merch. Bridge Term. Ry. : Granite City to Merchants' Jc. Madison, 111.. 2.99 "
St. L. M. B. T. Ry. : Madison, 111., to St. Louis Union Station 7.40 "
Jacksonv. d 8t. Louis Ry..* Junction to Litchfield, 111 1.00 "
Total length of lines operated, Dec. 31, 1902 299.81 miles.
Sidings, etc. (owned, 69.6 m. ; proprietary, 7.6 m.), 77.2 miles. Gauge, 4 ft. 8% in. Rail
(steel), 56, 60, 70, and 85 Ibs.
POOR'S MANUAL CHICAGO, PEORIA AND ST. LOUIS RY. CO. OF ILLINOIS. 367
2. History. — Reorganization and consolidation, Jan. 2, 1900, of the Chicago, Peoria
and St. Louis RR. Co. of Illinois and the St. Louis, Chicago and St. Paul Ry. Co. of Illinois.
(See MANUAL for 1899, pages 292 and 293.) The company began to operate the consoli-
dated property on March 1, 1900. It owns the entire capital stock of the Litchfield and
Madison Ry. Co. and of the Alton Terminal Ry. Co., and 25 per cent, of the capital stock of
the Peoria and Pekin Union Ry. Co. The tracks of the St. Louis Merchants' Bridge
Terminal Ry., from Madison, 111., to the Union Station in St. Louis, Mo., 7.4 miles, are used
by this company for passenger service only.
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 45. Cars — passenger, 21 ; combina
tion, 11; baggage, mail, and express, 2; freight (box, 2,483; flat, 17; coal, 1,747), 4,247;
service, 78 — total, 4,359. Of this equipment, 1,638 box cars and 100 coal cars are held
.under car trust, and 649 coal cars are owned by the L. & M. Ry. Co.
4. Operations, year ending Dec. 31, 1902. — Train mileage — passenger, 450,417;
freight, 720,349 ; other, 430,436 — total, 1,601,202 miles. Passengers carried, 594,885; car-
ried one mile, 15,239,684; average mile rate, 1.805 cents. Tons freight moved, 2,267,756;
moved one mile, 211,543,697; average ton-mile rate, 0.509 cent.
EARNINGS. 1901 1902
Passenger $254,987 40 $281,810 63
Freight 1,041.139 63 1,239,677 33
Mail and Express 37,794 01 38,673 34
Miscellaneous 36,178 94 25,970 50
EXPENSES.
Maint. Way and Struct..
Maint. of Equipment....
Conducting Transporta'n.
General Expenses
1901
$214,407 40
208,859 57
648,340 82
52,189 74
1902
$195,001 13
270,505 69
745,154 44
62,050 83
Totals $1,370,09998 $1,586,13180 Totals $1,123,79753 $1,272,71209
Averages per mile... 4,56989 5,29046 Averages per mile.... 3,74837 4,24508
Net earnings, 1902 (19.76 p. c.), $313,419.71; other receipts, $21,559.64 — total, $334,-
979.35. Payments : Interest on funded debt (on prior lien bonds, $63,823.75 ; consol. mtge.
bonds, $96,750), $160,573.75; taxes, $56,379.53; rental (L. & M. Ry.), $31,776.05— total,
$248,729.33. Surplus, $86,250.02; surplus to Dec. 31, 1901, $37,422.85— total, $123,672.87.
Net deductions for year (betterments to railway, $25,925.07; to equipment, $26,585.32 —
total, $52,510.39; less unclaimed wages, $345.79), $52,164.60. Surplus Dec. 31, 1902,
$71,508.27.
5. General Balance Sheet, December 31, 1902.
Cost of Road $10,389,94839
East St. Louis Terminals 89,288 43
Cost of Equipment 1,442,138 31
Stocks and Bonds of Other Co.'s 871,650 00
C., P. & St. L. Securities in Treasury. 217,085 00
Materials and Supplies 169,523 44
Current Assets 394,20520
Cash on Hand 253,460 11
Unearned Insurance Premiums 4,54742
Other Balances 1,400 00
Total Assets $13,833,24630
Common Stock ( $100 shares) $3,600,000 00
Preferred Stock ($100 shares) 3,750,00000
Funded Debt Outstanding 5,425,00000
Equipment Notes 490,506 84
Equipment Replacement Fund 19,85848
Current Liabilities 396,18624
Interest Accrued, not Payable 21,37500
Taxes Accrued 58,81147
Profit and Loss 71,508 27
Total Liabilities $13,833,246 30
6. Capital Stock. — The preferred stock has priority over the common stock for dividends at
the rate of 5 p. c. per annum, non-cumulative (see Section 9).
7. Funded Debt. — The funded debt outstanding on Dec. 31, 1902 — total, $5,425,000, as per
general balance sheet — consisted of $1,425,000 ($2,000,000 auth.) prior lien gold 4Js of March 1,
1930 ; $2,000,000 consol. gold 5s of July 1, 1930, and $2,000,000 income non-cumulative 5s of July
1, 1930. The $575,000 unissued prior lien, bonds are reserved for improvements. Of the consols
$71,185, and of the income bonds $90,000 were held in the treasury of the company, leaving 1,928,-
815 consols and $1,910,000 income bonds actually outstanding. The company reserves the right to
redeem at its option the prior lien bonds at 107*, the consol. mtge. bonds at 105, and the income
bonds at par. The prior lien bonds are secured by first mortgage, the consols by second mortgage,
And the income bonds by third mortgage on the company's property (see Section 9).
8. RAILROAD CONTROLLED BY THE C., P. & ST. L. RY. Co. OF ILLINOIS.
FINANCIAL STATEMENT.— Capital stock
($500,000 common and $500,000 non-cumulative 4
p. c. preferred; $100 shares), $1,000,000. The
$500,000 Income bonds have been retired and the
preferred stock has been issued in place thereof.
The company is about to issue $750,000 1st mtge.
5 p. c. 30-yr. gold bonds.
CORPORATE OFFICERS. — Chas. E. Kimball,
Pres., New York, N. Y. ; Ralph Blaisdell, Sec.
LITCHFIELD AND MADISON RY
Litchfleld to Madison, 111., 43.97 m. ; total track
(steel; 60 Ibs.), 51.57 miles. The company has
649 coal cars.
HISTORY. — Chartered March 1, 1900, to take
title to a portion of the Chicago, Peoria and St.
Louis RR. of Illinois. (See Manual for 1899,
page 293.) The road is operated by the C., P. &
St. L. Ry. Co. of Illinois, and that company
owns all of the common capital stock and $72,000
ef the preferred capital stock.
& Treas., Springfield, 111. Office, Springfield, 111.
368
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
9. Proposed Reorganization of Finance*. — It is proposed to exchange the income
bonds dollar for dollar, for new 1st preferred stock, the present stock to become 2d preferred. The
holders of a majority of the income bonds have agreed to this proposition, and with the holders of a
majority of the capital stock have deposited their securities with a committee for the purpose of
selling the same on or before Aug. 1, 1904. It is provided that the purchase price shall not be less
than 50 p. c. of the par value of the income bonds or new 1st preferred stock, 20 p. c. of the par
value of existing preferred stock or new 2d preferred stock, and 15 p. c. of the par value of common
stock. The security holders of the Litchfleld and Madison Ry. Co. have withdrawn from the agree-
ment to sell.
1O. Board of Directors, C., P. & St. L. Ry. Co. of Illinois, December 8, 1902.
James Duncan Alton, 111. I Ralph Blaisdell..Springfleld,Ill. I Eleneious Smith.. . St.Louis.Mo.
Bluford Wilson.. Springfield, 111. | Curtiss Millard... | Chas.E.Kimball.New York, N.Y.
Chas. F. Dean New York, N. Y.
CHARLES E. KIMBALL, President 52-54 William St., New York, N. Y.
Sec., Treas. & Aud. — Ralph Blah-dell, I Asst. Sec. d Asst. Treas. — T. C. Wellman,
Springfield, 111. | New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Springfield, 111.
CHICAGO TERMINAL TRANSFER RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Contingent Liabilities 11
Directors and Officers 13
Earnings, Expenses, etc 7
Funded Debt, Details of 10
Gen. Bal. Sheet, June 30, 1902. 8
History 2
Mileage Operated 1
Preferred Stock Preference.. 9
Property, Description of 8
Rolling Stock 6
Stocks and Bonds Owned... 12
Tenants 5
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 90.56 miles).
Main Line: Harrison Street to Madison Street, Chicago, 111 10.86 miles.
Chicago & Southwestern Div.: West 46th Street to South Oak Park 5.36
Chic., Ear. & Batavia Div. : West 40th Street to Conway Park and Cemetery. 6.76
Chicago Central Division: Western Avenue to Blue Island 15.19 "
Harvey Line: Harvey Junction to Harvey 3.88
Chicago Heights Line : Harvey to Chicago Heights, 111 9.24
Belt Line : Clarke Junction, Ind., to McCpok, 111 28.43
South Chicago Line : East Chicago to Whiting, Ind
Mayfair Extension : Franklin Park to Mayf air 6.95
B. TRACKAGE RIGHTS (total, 17.28 miles).
Chicago Junction Ry. : McCook to Franklin Park, 111 10.54 "
Chicago Junction Ry. : C., L. S. & E. Ry. to L. S. & M. S. Ry 0.13
Baltimore and Ohio RR.: East Chicago Harbor to South Chicago, 111 6.61
Total length of lines operated, June 30, 1902 107.84 miles.
2d track (owned, 39.02 m.; leased, 15.27 m.), 54.29 m. ; sidings, etc. (owned, 97.99 m. ;
leased, 13.01 m.), Ill miles. Gauge, 4 ft. 8y2 in. Bail (steel), 80 Ibs.
2. History.— Reorganization, June 4, 1897, of the Chicago and Northern Pacific RR.
Co. (see MANUAL for 1897, pages 83 and 1288).
3. Property. — The property of the company is located in and adjacent to the city of
Chicago, and consists of passenger and freight terminals, lines of railway leading thereto,
and a belt line immediately outside of, and practically encircling, the city. There are
more than 760 acres of land, of which over 50 acres are in the centre of the business
section of the city, with about \y2 miles of dock frontage on the Chicago River. All the
real estate, and nearly all of. the property upon which the lines of railway have been
built, are owned in fee.
4c. Character of Business. — The business of the company is twofold. As a terminal
company, it leases its freight and passenger facilities and its lands, tracks, and buildings
for separate and joint occupancy, or for independent improvement if desired, the tenant
paying (1) a fixed annual rental; (2) all taxes and maintenance of property used by it
exclusively; (3) its wheelage proportion of all expenses for the maintenance of property
used jointly; (4) its proportion of taxes on all property used jointly, and (5) its
wheelage proportion of interest on the cost of all construction or alteration in the pres-
ent facilities necessitated by legislative or municipal action. As a transfer company
it employs its own motive power in conducting a regular transportation business and in
POOR S MANUAL— CHICAGO TERMINAL TRANSFER RR. CO.
369
transferring and switching freight cars between railway systems and manufacturing
and business districts.
5. Tenants. — The principal railroad tenants now leasing terminal facilities and track-
age are the Baltimore and Ohio RR. Co., the Chicago Great Western Ry. Co., the Chicago
Junction Ry. Co., and the Suburban RR. Co. (Chicago Consolidated Traction Co.)
Pending completion of station now being constructed, the Chicago, Rock Island and
Pacific Ry. Co., the Lake Shore and Michigan Southern Ry. Co., and the New York,
Chicago and St. Louis RR. Co. have used the Grand Central Passenger Station since
Dec. 31, 1901.
6. Boiling Stock, June 30, 1902. — Locomotives, 42. Cars— passenger, 45;
freight (box, 20; gondola, 358), 378; caboose, 4; other, 2 — total cars, 429.
7. Operations, year ending June 30, 1902. — Earnings — passenger, $68,069.09;
freight and switching, $848,022.22; rentals, $616,281.95; other, $106,743.11 —
total, $1,639,116.37; operating expenses, $894,633.17; taxes, $111,500; total $1,006,133.17.
Net earnings, $632,983.20. Payments : Interest on 1st mtge bonds, $545,400 ; on C. & G.
W. bonds, $19,700; on Chicago School Board mtge., $32,500 — total, $597,600. Surplus
to profit and loss, $35,383.20.
8. General Balance Sheet, June 30, 1902.
Property and Franchises $45,160,59132
Cash in Banks 323,42407
Accounts Receivable (Current) 153,35855
Agents and Conductors 120,28062
Treasury Securities 230,55100
Materials on Hand 138,46132
Guaranty Trust Co., Rental Fund 133,413 75
Accounts Receivable (Disputed) 150,32897
Total Assets .- $46,410,409 60
Common Stock ($100 shares) $13,000,00000
Preferred Stock ($100 shares) 17,000,00000
Funded Debt Outstand. (see Sec. 10) 14,944,000 00
Current Liabilities 772,54801
Contingent Liabilities 213,05492
Prepaid Rentals, St. L., P. & N. RR. 133,413 75
Profit and Loss 347,39292
Total Liabilities $46,410,409 60
O. Preferred Stock Preference. — Preferred stock has priority over common stock in
liquidation as well as for non -cumulative dividends at the rate of 4 p. c. per annum, and after 4
p. c. per annum has been paid on the common stock in any one year, is entitled to share pro rata
in any additional distribution of earnings for that year.
10. Funded Debt — The funded debt outstanding, June 30, 1902, consisted of $13,900,000
1st gold 4s of July 1, 1947 ; $394,000 C. & G. W. 1st 5s of May 1, 1936 ; and $650,000 Chicago
School Board purchase money 5s of May 1, 1938. The 1st 4s of 1947 are secured on the entire
property of the company, now owned or hereafter acquired by the use of bonds issued under the
same mortgage, but subject to the prior lien of the 1st 5s of 1936 on the property formerly owned
by the Chicago and Great Western RR. Co. (see MANUAL for 1890, page 594) and subject to the
prior lien of the purchase money mortgage to the Chicago School Board on the land on which the
Grand Central Passenger Station is erected. The amount of bonds authorized to be issued is
$16,500,000, bonds amounting to $1,305,000 being reserved for the retirement of the prior liens and
$1,205,000 for future requirements. Additional particulars respecting the funded debt will be
found in the Ready Reference Bond List — see General Index.
It is provided that no additional mortgage shall be executed upon the property, except with
the consent of the holders of two-thirds of the whole amount of preferred stock, given in writing
or at a meeting of the stockholders called for that purpose, and with the consent, given in writing,
of two-thirds of the common stock or given at a meeting by two-thirds of such part of the common
stock as shall be represented at such meeting.
11. Contingent Liabilities. — This item consists of the following : Reserve to provide
against contingent liabilities, and for possible depreciation in collectible accounts assumed on pur-
chase of estate, $54,115.69 ; renewal fund, reserved to provide for renewal of bridges, $26,116.69 ;
contingent reserve fund, a contingent fund appropriated out of profits, to provide against any pos-
sible depreciation in collectible or disputed accounts, $132,822.83 — total, $213,054.92.
12. Stocks and Bonds Owned. — These consist of the company's 1st mtge. bonds, $265,000,
and common stock, $10,800 — a total, par value, of $275,800 ; book valuation, $230,551. The
value at market quotations on June 30, 1902, was $234,143.
Capitalization, cost of property and results from operation for five fiscal years end-
ing June 30:
Years.
1898. . . .
Capital
Sfock.
30000000
Bonded
Debt.
$
14,367,000
Cost of
Property.
43,962,232
Mileage
Operated.
91.65
Gross
Earnings.
1 119261
Expenses
A Taxes.
$
455,505
Net
Earnings.
663,756
Interest
Paid.
1
562,156
Balance,
Surplus.
S
101,600
1899
30000000
14 334000
44.053,935
93.54
1 221.107
541.94C)
679,161
572,200
106.961
1900
30000000
14,629,000
44,482 586
10279
1 265,961
589,734
676,227
.r)S4,200
92,027
1901
1902....
. . 30,000,000
30.000.000
14,629,000
14.944.000
44,873,414
45.100.591
107.84
107.84
1,430,990
1.639.116
827.668
1.000.133
603,322
G32.983
591,900
597.600
11.422
35.383
13. Directors (elected Oct. 8, 1902). — Chas. T. Parker, Henry R. Ickleheimer, Henry
W. De Forest, Otto T. Bannard, Charles W. Gould, Myles Tierney, F. G. Reighley, New
370
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
York, N. Y. ; Jesse B. Barton, John N. Faithorn, Henry 8. Hawley, Ralph M. Shaw, Silas
H. Strawn, Henry A. Rust, Joseph Cooper, E. S. Layman, Chicago, 111.
HENRY W. DE FOREST, Chairman of Board New York, N. Y.
JOHN N. FAITHOKN, President and General Manager Chicago, 111.
Treat. A Astt. Sec.— H. H. Hall. ..Chicago, 111. \8ec. A Aast. Treos.— W. T. Wisner.New York.N.Y.
Comptroller — Samuol L. Prest Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
Eastern Office 30 Broad Street, New York, N. Y.
CINCINNATI, HAMILTON AND DAYTON KAILWAY COMPANY.
(For map of this system, see page 871 J
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS or SECTIONS.
Capital Stock 6
Controlled Line Statements. 11
Directors and Officers 13
Earnings, Expenses, etc .... 4
Funded Debt, Details 7
Gen. Bal. Sheet, June 30, 1902. 5
Guaranties 8
History 2
Income Acct., June 30, 1902.. 4
Income Account, 1896-1902... 9
Leased Line Statements .... 10
Mileage Operated 1
Operations and Inc., 1896-1902 9
Rolling Stock 3
1. Mileage Operated, June 30, 1902. — A. LINES OWNED IN FEE (total, 333.7 m.).
Main Line: Cincinnati, O., to Dayton, O 59.93 miles.
Wellston Division: Dayton, O., to Dean's, 0 175.50
Dclphos Division : Dayton, O., to Delphos, 0 98.27 "
B. LEASED LINES (total, 145.6 miles).
Dayton and Michigan RR.: Dayton to Toledo, 0 142.10 "
Home Avenue RR. : Dayton to Soldiers' Home, O 3.50 "
O. PROPRIETARY LINES (total, 159.8 miles.).
Cincinnati, Hamilton and Indianapolis RR. : Hamilton, O., to Indianapolis,
Ind 98.90
Columbus, Findlay and Northern RR.: Deshler to Findlay, O 17.60
Bowling Green RR. : Tontogany to Nortk Baltimore, 0 21.00
Piqua and Troy Branch RR. : Pioua to Troy, O 8.30
Cincinnati and Dayton Ry.: Middletown to Hamilton, 0 14.00 "
D. TRACKAGE RIGHTS: Iron RR.: Dean's to Ironton, 0 12.50 "
Total length of lines operated, June 30, 1902 651.60 mileg.
2d track (owned, 29.09 m.; leased, 1.64 m.), 30.73 m.; sidings (owned, 110.38 m.; leased,
76.62 m. ; proprietary, 42.82 m.), 229.82 miles. Gauge, 4 ft. %% in. Rail (steel), 60 and
70 Ibs.
2. History. — Consolidation, July 8, 1895, of the Cincinnati, Hamilton and Dayton
RR. Co., the Cincinnati, Dayton and Ironton RR. Co. and the Cincinnati, Dayton and Chi-
cago RR. Co. (see MANUAL for 1896, page 487) .
Under an arrangement with the security holders of the Findlay, Ft. Wayne and West-
ern Ry. Co. the operation of that railroad was assumed by the Cincinnati, Hamilton and
Dayton Ry. Co. on Nov. 1, 1901, and it has since been operated as a division of the C., H. 4
D. System. Its accounts, however, have been kept separate and are not included in this
statement.
3. Boiling Stock, June 30, 1902 (entire system ) .—Locomotives, 174. Cars— pas-
senger, 99; combination, 16; parlor, 11; dining, 1; officers', 1; baggage, mail, and ex-
press, 33; freight (box, 3,904; flat, 724; stock, 169; coal, 3,955), 8,752; service, 116—
total cars, 9,029.
4. General Income Account (entire system), year ending June 30, 1902.
Earaingt— Passenger $1,632,415 22
Freight 4,336,918 15
Mail and Express 275,880 61
Miscellaneous 106,950 06
Total ($9,748.56 per mile) 16,8(2,164 S4
Expenses— Maintenance of Way, etc. . . $671,638 00
Maintenance of Equipment. 706,180 36
Transportation 2,698,320 82
General 167,785 25
Total ($«,367.93 per mile) $4,142,824 43
371
372
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
Net earnings (34.79 p. c.), $2,209,339.91. Payments: Interest on bonds (C., H. & D.
Ry., $624,210; D. & M. RR., $136,400; C., H. & I. RR., $126,000), $886,610; dividends on
preferred stock (C., H. & D. Ry., $389,225; D. & M. RR., $96,900), $486,125; dividends on
common stock (D. & M. RR., $84,066.50; Home Avenue RR., $3,268.15), $87,334.65; taxes,
$191,231.56— total, $1,651,301.21. Surplus, $558,038.70.
5. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $21,605,930 ?2
Leased and Proprietary Lines 3,774,201 18
Stocks and Bonds Owned 4,724,013 62
Materials and Supplies 348,765 04
Current Traffic Accounts 535,970 18
Cash and Cash Assets 1,441,018 85
Capital Stock ($100 shares) $16,000,000 00
Funded Debt (see below) 12,295,000 00
Accounts and Bills Payable 333,060 46
Vouchers and Pay Rolls 775,881 77
Accrued Int. and Quar. Dividends. . . . 323,073 12
Interest and Dividends Not Called for. 25,486 54
Surplus Income 2,677,397 60
Total Assets $32,429,899 49 Total Liabilities $32,429,899 49
6. Capital Stock. — Capital stock consists of $8,000,000 common stock and $8,000,000 pre-
ferred stock. Of the preferred stock $6,925,500 ($8,000,000 auth.) is in 5 p. c. non-cumulative
shares of the C., H. & D. Ry. Co., and $1,074,500 is in 4 p. c. cumulative guaranteed shares of the old
C., H. & D. RR. Co.
7. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of the following
issues (additional particulars are in the Ready Reference Bond List — see General Index) :
$376,000 C.,H.&D.con.5s of Oct. 1, 1905, int. A.&O.
$3,000,000 C.,H.&D.gen.5s of June 1, 1942, int. J.&D.
3,500,000 C..D.&I. 1st Bs of May 1, 1941, int. M.&N.
1,200,000 C..D.&C. 1st 4s of April 1, 1942, int.A.&O.
1,292,000 C.,H.&D.con.6s of Oct. 1, 1905, int. A.&O.
927,000 C.,H.&D.con.7s of Oct. 1, 1905, int. A.&O.
2,000,000 C..H.&D. 2d 4Js of Jan. 1, 1937, int. J.&J.
8. Guaranties. — The company guarantees, both as to principal and interest, $4,500,000 re-
funding 4s of the Cincinnati, Indianapolis and Western RR. Co., due Jan. 1, 1953, and $2,728,000
consol. 5s of the Dayton and Michigan RR. Co., due Jan. 1, 1911 ; also $1,211,250 8 p. c. preferred
stock and $2,401,900 3J p. c. common stock of the Dayton and Michigan RR. Co.
9. Statement of operations, etc., all lines, for seven fiscal years ending June 30 :
1896
1897
1898
1899
1900
1901
1902
Miles RR. Operated. .
Pass. Train Miles
Freight Train Miles. . .
Total Rev. Train Miles
Passengers Carried. . .
Pass. Carried One Mile
Tons Freight Moved . .
Tons Moved One Mile .
Earnings — Passenger .
Freight
651.60
2,098,742
2,021,258
651.60
2,118,086
1,702,749
651.60
2,033,908
1,843,984
651.60
1,950,839
1,925,676
651.60
1,963,685
2,106,341
651.60
2,023,560
1,974,144
651.60
2,028,671
2,120,566
4,120,000
3,546,445
82,076,851
4,231,060
504,346,957
$
1,500,508
3,247,900
228,343
170,811
3,820,835
2,881,475
69,322,435
4,136,385
434,358,141
$
1,253,304
2,783,742
249,291
341,015
3,877,892
2,696,193
70,930,107
4,647,054
511,991,444
$
1,269,035
3,164,715
254,294
220,519
3,876,515
2,832,416
79,639,827
5,140,505
562,280,442
S
1,405,287
3,473,061
257,037
106,118
4,070,026
2,964,898
83,026,528
5,888,242
641,595,066
$
1,483,281
3,905,266
270,210
76,773
3,997,704
3,052,439
84,979,272
5,721,155
622,250,342
$
1,552,603
3,909,843
270,438
105,032
4,149,237
3,163,892
92,654,107
6,277,202
679,083,230
$
1,632,415
4,336,918
275,881
106,950
Mail and Express.. .
Miscellaneous
Total Earnings . .
Operating Expenses. .
Net Earnings
Payments — Taxes. . . .
Interest on Bonds . .
Dividends on Stocks
Balance, Surplus
Gross Earn, per Mile. .
Gross Exp. per Mile. . .
Net Earn, per Mile . . .
Expenses to Earnings.
Av.Rate p.Pass.p.Mile
Av.Rate p.Ton p. Mile.
Capital Stock
5,147,562
3,378,851
4,627,352
3,048,524
4,908,563
3,249,065
5,241,503
3,477,297
5,735,530
3,821,232
5,837,916
3,844,946
6,352,164
4,142,824
1,768,711
160,994
846,907
562,515
198,295
7,899 88
5,185 47
2,714 41
65.64 p. c.
1.83 c.
0.64 c.
$
16,000,000
11,225,000
1.798,176
1,178,660
1,578,828
180,158
846,970
564,040
Dei. 12,340
7,101 52
4,678 52
2,423 00
65.88 p. c.
1.81 C.
0.64 c.
9
16,000,000
12,425,000
1,763,771
1,257,094
1,659,498
172,283
846,970
567,318
72,927
7,533 09
4,986 29
2,546 80
66.19 p. c.
1.76 c.
0.62 c.
$
16,000,000
12,425,000
1,863,800
1,362,649
1,764,206
182,109
846,970
564,767
170,360
8,044 05
5,336 55
2,707 50
66.34 p. c.
1.74 c.
0.62 c.
$
16,000,000
12,425,000
1.778,148
1,535,235
1,914,298
185,450
846,970
571,325
310,553
8,802 23
5,864 38
2,937 85
66.62 p. c.
1.76 c.
0.61 c.
$
16,000,000
12,425,000
1,636,942
1,783,377
1,992,970
186,968
865,747
573,101
367,154
8,959 35
5,900 78
3,058 57
65.86 p. c.
l.SOc.
0.63 c.
S
16,000,000
12,295,000
1,364,848
2,170,614
2,209,340
191,232
886,610
573,460
558,038
9,748 56
6,357 93
3,390 63
65. 21 p. c.
1.73 c.
0.64 c.
S
16,000,000
12,295,000
1,457,501
2,677,398
Bonded Debt
Other Liabilities
Profit and Loss. . . .
Total Liabilities
Road & Equipment. . .
Leased & Prop. Lines..
Stocks and Bonds
Materials, etc
Cash & Other Assets . .
Total Assets
30,201,836
19,926,695
3,277,641
3,770,083
156,583
3,070,834
31,445,865
20,029,800
3,143,860
5,489,128
170,871
2,612,207
31,651,449
20,164,368
3,162,676
5,743,638
174,075
2,406,692
31,738,383
20,455,233
3,354,019
5,751,253
254,696
1,923,182
31,845,219
20,575,661
3,647,422
5,871,352
413,472
1,337,312
31,830,462
21,194,334
3,715,873
4,531,974
321,089
2,067,192
32,429,899
21,605,930
3,774,201
4,724,014
348,765
1,976,989
30,201,836
31,445,865
31,651,449
31,738,383
31,845,219
31,830,462
32,429,899
POOR S MANUAL CINCINNATI, HAMILTON AND DAYTON SYSTEM.
373
1O. RAILROADS LEASED BY THE C., H. & D. RY. Co.
DAYTON AND MICHIGAN RR. — Dayton,
O., to Toledo June., O., 142.10 m. ; total track
(steel), 210.58 miles. The company uses, in addi-
tion, the track of the L. S. & M. S. Ry. into
Toledo, 1.39 miles.
HISTORY. — Chartered March 5, 1851 ; road
opened in 1862. Leased in perpetuity, May 1, 1863,
to C., H. & D. Ry. Co. ; lease amended June 23,
1870. Annual rental, interest ($136,400) on bonds,
8 p. c. ($96,900) on preferred stock, and 3i p. c.
($84,067) on common stock.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), common, $2,401,900; preferred,
$1,211,250; funded debt ($2,728,000 consol. 5s of
Jan. 1, 1911, and $300 income bonds), $2,728,300;
C., H. & D. Ry. Co., lessee, $1,409,056 — total,
$7,750,506. Contra : Construction and equipment,
$7,236,385 ; stocks and other investments, $491,343 ;
profit and loss, $22,778 — total, $7,750,506. The $2,-
728,000 consols are guaranteed by the C., H. & D.
Ry. Co.
CORPORATE OFFICERS. — T. J. Emery, Pres. ;
F. H. Short, Sec. & Treas., Cincinnati, O.
HOME: AVENUE RR.— Dayton, O., to Sol-
diers' Home, 3.50 miles. Leased in perpetuity,
July 1, 1897, to the C., H. & D. Ry. Co. The lessee
guarantees dividends of from 3 p. c. to 5 p. c. on
capital stock, the rate being based upon earnings.
For year ending June 30, 1902, dividend amounted
to $3,268. Capital stock, $100,000.
CORPORATE OFFICERS. — W. P. Callahan,
Pres. ; O. J. Bard, Sec. & Treas., Dayton, O.
11. RAILROADS CONTROLLED BY THE C., H. & D. RY. Co.
BOWLING GREEN RR. — Tontogany, O., to
North Baltimore, O., 21 m. ; total track (steel),
22.54 miles. Chartered April 12, 1874 ; opened in
1877 ; Toledo, Findlay and Springfield RR. pur-
chased, Dec. 1, 1890. Capital stock (owned by the
C., H. & D. Ry. Co.), $40,000. R. D. Marshall,
Pres. ; F. H. Short, Sec. & Treas., Cincinnati, O.
CINCINNATI AND DAYTON RY Hamil-
ton, O., to Middletown, O., 14 m. ; total track
(steel), 16.98 miles. Reorganization, Jan. 1, 1889,
of the Louisville, Cincinnati and Dayton RR.
Capital stock, $1,000,000 ; 1st mtge. bonds, $300,000
— both owned by the C., H. & D. Ry. Co. R. P.
Rifenberick, Pres. ; F. H. Short, Sec. & Treas.,
Cincinnati, O.
COLUMBUS, FINDLAY AND NORTHERN
RR. — Deshler, O., to Findlay, O., 17.60 m. ; total
track (steel), 22.74 miles. Reorganization, in
1887, of the McComb, Deshler and Toledo RR. Co.
Capital stock (owned by C., H. & D. Ry. Co.),
$300,000. R. D. Marshall, Pres. ; F. H. Short,
Sec. & Treas., Cincinnati, O.
PIQUA AND TROY BRANCH RR Troy,
O., to Piqua, O., 8.30 m. ; total track (steel), 13.27
miles. Chartered Sept. 30, 1881 ; road completed
Oct. 7, 1887. Capital stock (owned by C., H. & D.
Ry. Co.), $250,000; 1st mtge. 4 p. c. bonds, (25
bonds are in the treasury), $250,000 — total, $500,-
000. R. D. Marshall, Pres. ; F. H. Short, Treas. ;
G. R. Balch, Sec., Cincinnati, O.
12. RAILROAD OPERATED BY THE C., H. & D. RY. Co., BUT RESULTS FROM OPERATION
NOT INCLUDED IN SEC. 4.
FINDLAY, FORT WAYNE AND "WEST-
ERN RY. — Findlay, O., to Fort Wayne, Ind.,
77.79 m. ; Findlay east to June., C., C., C. & St. L.
Ry., 2.40 m. ; trackage : Wabash RR., Fort Wayne
June, to Fort Wayne, 0.55 m. — total, 80.74 miles.
Sidings, 8.95 miles. Gauge, 4 ft. 8i in. Rail
(steel), 60 and 65 Ibs. Consolidation in Nov., 1894,
of the Fort Wayne and Eastern Ry. Co. of Indi-
ana and the Ohio Ry. Co. (See Manual for 1897,
page 124.) The road has been operated by the C.,
H. & D. Ry. Co. since Nov. 1, 1901, but all accounts
have been kept separate. Locomotives, 6. Cars
— passenger, 6; baggage, etc., 2; freight (box,
12; flat, 14; coal, 95), 121; caboose, 2— total, 131,
of which equipment 50 coal cars are leased.
OPERATIONS, year ending June 30, 1902. —
Trains run ( passenger, 79,104 ; freight, 60,501 ;
mixed, 16,380), 155,985 miles. Passengers carried,
62,501 ; carried one mile, 1,138,293. Tons freight
moved, 170,697 ; ton-miles, 7,985,392. Earnings
13. Board of Directors, Cincinnati, Hamilton and Dayton Ry. Co.
Term expires Oct., 1904. Term expires Oct., 1906.
G. P. Benjamin.New York, N.Y. Alfred Kessler.New York, N. Y.
Herman Dowd... W. A. Shoemaker.Cincinnati, O.
C. A. Mayer.. .Lock Haven, Pa. Law. Maxwell, Jr.
Eug. Zimmerman. Cincinnati, O. Geo. R. Balch. . . .
M. D. WOODFORD, President Cincinnati, O.
Eugene Zimmerman, Vice-P resident
Sec. and Treas. — F. H. Short Cincinnati, 0. | Auditor — Geo. W. Lishawa Cincinnati, 0.
PRINCIPAL OFFICE AND ADDRESS Carew Building, Cincinnati, O.
(passenger, $28,357; freight, $73,908; other,
$9,515), $111,780. Operating expenses, $105,598.
Net earnings, $6,182. Payments : Taxes, $8,390 ;
rentals, $3,816— total, $12,206. Deficit, $6,024;
deficit forward, $380,872 — total, $386,896.
GENERAL BALANCE SHEET, June 30, 1902. —
Capital stock ($100 shares ), $2, 000,000 ; funded debt
($1,200,000 1st gold 5s of Jan. 1, 1945, and $800,000
2d gold 5s of Jan. 1, 1945), $2,000,000; bills pay-
able, $96,066 ; current liabilities, $5,563 ; Interest
accrued, $315,002 — total, $4,416,631. Contra : Cost
of road and equipment, $4,019,131 ; securities
owned, $8,800 ; cash and current assets, $1,804 ;
profit and loss, $386,896 — total, $4,416,631.
FORECLOSURE AND SALE OF PROPERTY.
— The road was sold under foreclosure July 6,
1903, the purchaser being Rush Taggart, of 195
Broadway, New York, N. Y. A new company is
in process of organization.
Term expires Oct., 1903.
Rush Taggart. . New York, N. Y.
M. D. Woodford. .Cincinnati, O.
H. F. Shoemaker. New York.N.Y.
F. H. Short Cincinnati, O.
CINCINNATI, INDIANAPOLIS AND WESTERN RAILWAY COMPANY.
(Controlled by Cincinnati, Hamilton and Dayton By. Co.)
History. — Consolidation, Aug. 28, 1902, of the Cincinnati, Hamilton and Indian-
apolis RR. Co. and the Indiana, Decatur and Western Ry. Co. Statements for the con-
stituent companies are appended hereto.
374
POOR S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Main Line of Road — Hamilton, Ind., to Springfield, 111 295.16 mi
Ohio River Division : Sidell to West Liberty, 111 77.75 '
T. ( Indianapolis Union Ry.: Indianapolis, Ind 0.49
''• ( P.,D. & E. Ry. : West Liberty to Olney, 111 8.25 "•
Total mileage operated, June 30, 1903 381.65 miles.
Sidings, etc., about 60 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 56 to 70 Ibs.
Financial Statement, June 30, 1903 — Capital stock authorized ($100 shares),
$8,200,000, of which $7,115,800 has been issued. Of the balance, $11,200 is reserved for
the retirement of $8,953 preferred stock of the C., H. & I. RR. Co. and $1,073,000 for the
future use of the company. Funded debt authorized: $8,200,000 1st and refunding
mortgage 4 per cent. 50-year gold bonds, due Jan. 1, 1953, interest Jan. and July at the
office of Kessler & Co., New York, N. Y. At the date of this statement $4,500,000 of the
bonds had been issued, $3,478,000 additional were reserved for the retirement of
$3,162,000 bonds of the Indiana, Decatur and Western Ry. Co. at 110 per cent., and the
remaining $222,000 are to be issued to the Cincinnati, Hamilton and Dayton Ry. Co.
The $4,500,000 bonds outstanding were issued to take up the $4,500,000 funded debt of
the Cincinnati, Hamilton and Indianapolis RR. Co., and $2,700,000 of them are held in
the treasury of the Cincinnati, Hamilton and Dayton Ry. Co. The bonds are guaranteed
by the Cincinnati, Hamilton and Dayton Ry. Co., both as to principal and interest, and
the guaranty is endorsed upon each bond.
CONSTITUENT COMPANIES OF CINCINNATI, INDIANAPOLIS AND WESTERN RY. Co.
CINCINNATI, HAMILTON AND INDIAN-
APOLIS RR. — Hamilton, O., to Indianapolis,
Ind., 98.94 m. ; total track (steel), 121 miles.
HISTORY. — Reorganization, Nov. 26, 1872, of
the Junction RR. Co. Consolidated with the In-
diana, Decatur and Western Ry. Co., Aug. 28,
1902, into the Cincinnati, Indianapolis and West-
ern Ry. Co.
FINANCIAL STATEMENT. — Capital stock ($2,-
217,758 common and $282,242 preferred), $2,500,000,
practically all owned by the C., H. & D. Ry. Co.
funded debt ($2,500,000 1st 7s of Jan. 1, 1903, and
$2,000,000 gen. 5s of Jan. 1, 1943), $4,500,000. The C.,
H. & D. Ry. Co. owned $700,000 of the 1st mtge.
bonds and the entire issue of gen. mtge. bonds.
All the bonds and all the stock, except $8,953 of
the preferred stock, have been retired, as shown
in the statement for the consolidated company.
INDIANA, DECATUR AND "WESTERN
RY. — Indianapolis, Ind., to Decatur, 111., 196.22
m. ; Sidell to West Liberty, 111., 77.75 m. — total
owned, 273.97 miles. Trackage : Indianapolis
Union Ry., Indianapolis, Ind., 0.49 m. ; Peoria,
Decatur and Evansville Ry., West Liberty to Ol-
ney, 111., 8.25 m. — total, 8.74 miles. Sidings owned,
36.46 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 to
70 Ibs.
ROLLING STOCK, June 30, 1902. — Locomotives,
21. Cars — passenger, 8 ; combination, 6 baggage,
mail and express, 5 ; freight ( box, 1,952 ; flat, 51 ;
stock, 57; coal, 152), 2,212; caboose, 11; service
and miscellaneous cars, 5 — total cars, 2,228. Of
the box cars, 1,500 are held under car trusts.
HISTORY. — Consolidation, July 15, 1895, of the
Indiana, Decatur and Western Ry. Co. and the
Decatur and Eastern Ry. Co. (see Manual for
1895, page 882). The Chicago Division of the
Peoria, Decatur and Evansville Ry., from Sidell
to West Liberty, 111., was purchased on Dec. 16,
1898, and was formally merged into this road on
Feb. 1, 1899. The extension from Springfield to
Decatur, 111., about 44.2 miles, was built under
the charter of the Springfield and Decatur Ry.
Co. and was purchased by this company in 1901.
On Aug. 28, 1902, the Indiana, Decatur and West-
ern Ry. Co. was consolidated with the Cincinnati,
Hamilton and Indianapolis RR. Co. into the Cin-
cinnati, Indianapolis & Western Ry. Co.
OPERATIONS, year ending June 30, 1902. —
Earnings ( passenger, $197,192.07 ; freight, $444,-
644.79 ; mail and express, $36,149.85 ; miscellaneous,
$1,195.18), $679,181.89. Operating expenses, $493,-
369.30. Net earnings, $185,712.59. Payments : In-
terest on funded debt, $137,850 ; taxes, $39,600 ;
other eharges, $6,255.91 — total, $183,705.91. Sur-
plus, $256.68.
GENERAL BALANCE SHEET, June 30, 1902. —
Capital stock ($912,000 common and $1,100,000 pre-
ferred), $2,012,000; funded debt (see below), $3,-
147,000 ; equipment notes, $244,000 ; interest on
bonds, due and accrued, $79,099.50 ; current ac-
counts, $430,830.90 ; surplus earnings, $102,743.26 —
total, $6,015,673.66. Contra : Cost of road and
equipment, $5,298,482.55 ; materials on hand, $135,-
284.35; cash and current assets, $581,906.76 — total,
$6,015,673.66.
FUNDED DEBT. — The funded debt consists of
an issue of 1st gold 5s of Jan. 1, 1913 ; a further
and final issue of $15,000 has been made since June
30, 1902, making the total now outstanding $3,162,-
000. The bonds are subject to redemotion at 110
p. c. on eight weeks' notice. The C., H. & D. Ry.
Co. guarantees $933,000 of them, both as to prin-
cipal and interest.
EQUIPMENT NOTES. — Issued during the year
ending June 30, 1902, in part payment for 500 box
cars. The notes bear interest at the rate of 4 p. c.
per annum and are payable in from one to ten
years. On June 30, 1902, there were also outstand-
ing $185,000 of car trust obligations, being the un-
paid balance of $475,000 issued on account of 1,000
box cars purchased in 1898.
Board of Directors of the Cincinnati, Indianapolis and Western Ry. Co,
M. D. Woodford... Cincinnati, O.
H. F. Shoemaker. New York, N.Y.
W. A. Read... . " "
Gordon McDonald,
New York, N. Y.
C. G. Waldo Cincinnati, O.
J. S. Lazarus. .Indianapolis, Ind.
W. A. Shoemaker,
Connersville, Ind.
F. C. Roby Decatur, 111.
Geo. R. Balch Cincinnati, O.
M. D. WOODFOED, President Cincinnati, 0.
H. F. Shoemaker, V 'ice-President New York, N. Y.
Secretary — Geo. R. Balch Cincinnati, O. | Treasurer — F. H. Short Cincinnati,
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
..
POOR'S MANUAL OP RAILROADS. 375
DATTON AND UNION RAILROAD COMPANY.
1. line of Road Owned.— Union City, Ind., to Dodson, O.. 31.69m.
TRACKAGE: Dayton and Western RR.: Dodson, 0., to Dayton, 0. ... 15.26 m. — 46.95 miles.
Sidings, etc., 4.43 miles. Gauge, 4 ft. 8*/2 in. Rail (steel, 31.69 m.), 56 and 60 Ibs.
2. History. — Reorganization, Jan. 19, 1863, of the Greenville and Miami RR. Co.,
whose road was sold under foreclosure Oct. 30, 1862. (See MANUAL for 1888, page 433.)
Right of way over the Dayton and Western RR. is leased from the Pittsburgh, Cincin-
nati, Chicago and St. Louis RR. Co., at an annual rental of $10,000. This road is owned
jointly by the Cleveland, Cincinnati, Chicago and St. Louis Ry. Co. (which operates it)
and the Cincinnati, Hamilton and Dayton Ry. Co.
3. Rolling Stock, June 30, 1902. — Locomotives, 5. Cars — passenger, 6; baggage,
mail, and express, 3; freight (box), 3; other, 2 — total cars, 14.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 208,960;
freight, 29,193 — total, 238,153 miles. Passengers carried, 272,867; carried one mile,
4,902,345. Tons freight moved, 117,445; moved one mile, 2,758,701. Earnings —
passenger, $91,620.53; freight, $60,285.92; mail and express, $6,858.10; miscellaneous
(debit), $286.50 — total, $158,478.05. Expenses — transportation, $80,714.02; mainte-
nance of equipment, $18,777.17; of way and buildings, $21,842.95; general, $8,917.27 —
total, $130,251.41. Net earnings, $28,226.64; interest and dividends, $10,125.00 — total,
$38,351.64. Payments: Interest on bonds, $15,680; other interest, $39.20; taxes,
$5,167.28; permanent improvements, $22,820.81 — total, $43,707.29. Deficit, $5,355.65;
surplus forward, $593,465.93; net surplus, $588,110.28.
5. General Balance Sheet, June 30, 1902. — Capital stock ($1,000,000 auth.;
$100 shares); paid in, $86,300; funded debt (1st 7s of Dec. 1, 1909, int. J. 4 D.),
$225,000; current liabilities, $26,413.10; accrued interest, $1,310; profit and loss,
$588,110.28— total, $927,133.38. Contra: Cost of road and equipment, $623,075.62;
materials and supplies, $3,460.80; cash and current assets, $75,596.96; bills receivable,
$225,000— total $927,133.38.
6. Directors.— M. D. Woodford, H. F. Shoemaker, J. D. Layng, C. F. Cox, New York,
N. Y.; C. G. Waldo, F. D. Comstock, F. F. Osborn, Eugene Zimmerman, Cincinnati, O.;
Noah H. Swayne, Toledo, O.
H. F. SHOEMAKER, President New York, N. Y.
E. F. Osborn, V ice-President and Secretary Cincinnati, O.
Treasurer — F. H. Short Cincinnati, O. | Auditor — P.A.Hewitt Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
DETROIT AND MACKINAC RAILWAY COMPANY.
1. Main Line of Road.— Bay City, Mich., to Tower, Mich 173.60 miles.
Rose City Branch: Emery Junction to Rose City, Mich 31.80
Frescott Branch: Emery Junction to Prescott, Mich 11.80
Valentine Lake Branch: La Rocque to Valentine Lake, Mich 25.70
Lincoln Branch: Lincoln Junction to Lincoln, Mich
Various Spurs and Logging Branches 72.22
Total length of lines operated, June 30, 1902 329.52 miles.
Sidings, etc., 61.25 miles. Gauge, 4 ft. 8y3 in. Rail (steel), 50 to 70 Ibs.
2. History. —Reorganization, Dec. 31, 1894, of the Detroit, Bay City and Alpena
RR. Co. (See MANUAL for 1895, page 873.)
3. Rolling Stock, June 30, 1902. — Locomotives, 28. Cars — passenger, 16; combi-
nation, 5; parlor, 1; baggage, etc., 4; freight (box), 182; flat, 547; refrigerator, 3;
coal, 304; stock, 25), 1,061; service, 31— total, 1,118.
376
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
4. Operation!, year ending June 30, 1902. — Train mileage — passenger, 234,078;
freight, 215,424; mixed, 85,534; other, 99,997 — total, 635,033 miles. Passengers car-
ried, 250,101; carried one mile, 8,777,980; average mile rate, 2.15 cents. Tons freight
moved, 842,092; moved one mile, 59,547,341; average ton-mile rate, 1.21 cents.
EARNINGS. 1900-01
Passenger $193,170 64
Freight 644.465 07
Mail and Express 27,701 61
Miscellaneous... 40980
1901-02
$192,372 04
639,163 64
28,331 23
2,324 89
Totals. $865,74712
Average* per Mile 2,69703
$862,191 80
2,665 53
EXPENSES.
Maintenance Way and Buildings
Maintenance of Equipment
Conducting Transportation —
General. . .
1900-01
$243,156 91
73,675 64
252,837 44
20,714 50
1901-02
8206,530 81
85,554 60
264,541 62
23,664 46
Totala $590,384 49 $580,291 49
Averages per Mile 1,83920 1,79401
Net earnings, 1901-02 (32.70 p. c.), $281,900.31. Payments: Interest on funded
debt, $109,500; taxes, $23,572.94; sundry items, $30,103.58 — total $163,176.52. Surplus,
$118,723.79; surplus forward, $439,746.87— total, $558,470.66.
5. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $5,684,017 96
Real Estate 15,71382
Materials and Supplies on Hand 58,49033
Construction 208,15741
Treasurer — First Lien Bonds 450,00000
Current Accounts 32,09914
Cash Deposited for Coupons (Contra) 46,460 00
Cash on Hand 13,05844
Total Assets $6,507,997 10
Common Stock ($100 shares) $2,000,00000
Preferred Stock ($100 shares) 950,00000
Funded Debt Outstanding 2,750,00000
Taxes Accrued, not Due 11,816.05
Taxes Accrued, not Due 7,66667
Notes Payable 110,00000
Coupons Unpresented ( Contra) 46,460 00
Current Liabilities 73,58372
Profit and Loss 558,47066
Total Liabilities $6,507,997 10
6. Capital Stock — The authorized capital stock is $3,000,000, consisting of $2,000,000
common stock and not exceeding $1,000,000 preferred stock. The preferred stock is to be issued
only in exchange for mortgage bonds or to fund coupons of those bonds ; its issue to be limited to
the amount needed for such purposes. The common stock Is held in trust by a committee consist-
ing of Charles Steele, Edmund D. Randolph and Anthony J. Thomas, to be delivered to the owners
or to be sold, as may be deemed expedient hereafter.
7. Funded Debt. — Funded debt on June 30, 1902, consisted of $1,050,000 1st lien gold 4s
of June 1, 1995, and $1,250,000 gold mtge. 4s of June 1, 1995. The first lien bonds have an
absolute prior lien, both as to principal and interest, on the entire property of the company
whether now owned or hereafter acquired. The amount authorized is $1,500,000, the rest of the
bonds being issuable from time to time up to May 1, 1905, but only to provide the means for build-
ing an extension to Mackinac and to provide additional equipment. The mortgage bonds are sub-
ordinate to the 1st lien bonds, although issued under the same mortgage. Also, they are subject
to redemption at par. Of the $2,500,000 authorized, $500,000 are reserved for additions and Im-
provements, not over $50,000 to be used in any one year. Of the $2,000,000 issued, $750,000
were exchanged during the year for preferred stock at par, and the bonds were cancelled.
8. Capitalization, cost of property and results from operation, for seven fiscal years
ending June 30:
Yearn
1896.
1897.
1898.
1899
1900
1901.
1902.
9. Directors (elected Oct. 28, 1902).— H. K. McHarg, Edward H. Bonner, Amedee D.
Moran, Walton B. Ferguson, New York, N. Y. ; J. D. Hawks, Detroit, Mich.
J. D. HAWKS, President and General Manager Detroit, Mich.
George M. Crocker, Vice-President and Auditor "
Secretary — A. H. Gillard New York, N. Y. | Treasurer — Chas. B. Colbrook..New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Majestic Building, Detroit, Mich.
Capital
Bonded
CostRR.
RR.
Gross
Exp. A
Net
Total Net
Interest
Total
Stock.
Debt.
A Equip.
Oper.
Earn.
Taxes.
Earn.
Revenue.
Charges.
Paym'ts.
Balance.
$
$
$
Miles.
$
$
$
$
$
$
$
2,045,000
2,900,000
4,922,706
296.40
400,623
281,102
119,521
119,521
230,913
—111,392
2,075,000
2,918,000
5,027,520
296.20
464,214
346,400
117,814
117,814
116,360
116,360
4- 1,454
2,090,000
2,918,000
5,163,756
313.23
481,468
311,147
170,321
170,321
116,720
119,666
+ 50,655
2,120,000
2,990,000
5,287,215
320.33
601,441
410,651
190,790
190,790
118,160
118,160
4- 72,630
2,150.000
3,050,000
5,419,862
325.08
833,619
580,156
253,463
253,463
122,000
122,000
4131,463
2,165,000
3,050,000
5,584,239
318.33
865,747
615,159
250,588
250,588
122,000
136,144
4114,444
2,950,000
2,750,000
5,699,732
329.52
862,192
603,864
258,328
258,328
109,500
139,604
4118,724
DETROIT SOUTHERN RAILROAD COMPANY.
1. History.— Chartered May 25, 1901, as successor to the Ohio Southern RR:, and
the Detroit and Lima Northern RR. Cos. An outline of the plan of reorganization is in
the MANUAL for 1901, on page 666. Since the close of the fiscal year the company has
POOR'S MANUAL DETROIT SOUTHERN RR. CO. 377
purchased the Iron Ry., extending from Ironton to Centre, O. 12.75 miles, with 4.75
miles of branches (see appended statement for Iron Ry.).
2. Mileage Operated, June 30, 1902.— LINES OWNED (total; 661.62 miles).
Northern Division: Delray, Mich., to Dundee, Mich 39.60 miles.
Southern Division: Tecumseh, Mich., to Cornelia, 0 290.87 "
Sedalia Branch: Kingman, O., to Sedalia, 0 31.15 "
B. TRACKAGE RIGHTS (total, 19.34 miles).
Union Term inal Ry. : Detroit, Mich., to Delray, Mich 3.64 "
Dei., Toledo & Mil. RR.: Dundee, Mich., to Tecumseh, Mich 15.70 "
Total length of lines operated, June 30, 1902 380.96 miles.
Sidings, etc., 97.50 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 56 and 90 Ibs.
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 65. Cars — passenger, 22; combina-
tion, 5; baggage, mail and express, 8; freight (box, 1,454; flat, 139; stock, 70 (20
leased); coal, 3,202; tank, 1; refrigerator, 4)^4,870; service cars, 51 — total cars, 4,956.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 403,560;
freight, 719,550; mixed, 25,040; other, 239,215 — total, 1,387,365 miles. Passengers car-
ried, 318,280; carried one mile, 9,660,200; average mile rate, 1.70 cents. Tons freight
moved, 1,582.760; moved one mile, 185,643,100 average ton-mile rate, 0.53 cent.
Earnings —Passenger $164,231 49
Freight 979,07581
Mail and Express 38,779 29
Miscellaneous 57,81898
Total ($3,254.68 per mile) $1,239,90557
Expenses — Maint. of Way and Struc... $188,158 33
Maintenance of Equipment 212,618 38
Conducting Transportation. 561,036 63
General Expenses 33,29815
Total ($2,612.11 per mile) $995,110 49
Net earnings (19.76 p. c.), $244,795.08. Payments: Interest on funded debt,
$270,000; taxes, $48,000 — total, $318,000. Deficit from operations, $73,204.92; discount
on 0. S. Div. bonds, $14,867.50; Napoleon yards, etc., $11,138.74— total, $99,211.16.
Credit: Balance from Reorganization Committee, $108,455.84. Net surplus, June 30,
1902, $9,244.68.
4a. Supplementary Profit and Loss Account, April 30, 1903. — Credit balance
July 1, 1902, $9,244.68; net earnings, 10 months to April 30, 1903, $292,542.85 — total,
$301,787.53. Contra: Ohio Southern purchasers' account, $3,538.66 ; interest on bonds, 10
months, $238,900.06; taxes, 10 months, $45,000; surplus, $14,348.81— total, $301,787.53.
5. General Balance Sheet, June 30, 1902. — Capital stock (common, $10,013,000;
preferred, $6,000,000), $16,013,000; funded debt (see Sec. 7), $7,077,000; Car Trust
notes, $268,951.39; current liabilities, $155,709.61; interest accrued, not due, $65,700.00;
taxes accrued, not due, $18,770.18; profit and loss, $9,244.68 — total $23,608,375.86.
Contra: Cost of road and equipment, $23,361,027.19; materials and supplies,
$69,227.17; current accounts, $61,416.61; cash on hand and in transit, $116,704.89—
total, $23,608,375.86.
6. Capital Stock. — The authorized capital stock consists of 170,000 shares of $100 each,
divided into 65,000 shares of preferred stock and 105,000 shares of common stock. After June 30,
1902, $487,000 of common stock and $500,000 of preferred stock, which had been held in the
treasury of the company, were sold, the proceeds being used for improvements to the Detroit ter-
minals, for additional equipment, and to provide part of the purchase price of the Iron Ry. (see
Sec. 2). Both classes of the capital stock have equal voting rights. The preferred stock has
priority over the common stock for its full par value in the event of the liquidation of the com-
pany, and for non-cumulative dividends at the rate of 4 p. c. per annum out of the yearly net
profits of the company. It Is also entitled to a pro rata share of any dividends that may be de-
clared in excess of 4 p. c. per annum on both classes of the capital stock. With the exception of
$13,000 of common stock held by the directors of the company, both classes of the capital stock
are deposited in a voting trust, to bo held therein until June 1, 1906, unless sooner discharged by
voluntary action of the voting trustees (F. J. Lisman, John E. Borne, Evans R. Dick, Cyrus J.
Lawrence and Leopold Wallack).
7. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of $4,211,000
Ohio Southern Division 1st gold 4s of March 1, 1941, and $2,866,000 consol. gold 4s of June 1,
1951. The Ohio Southern Division bonds are secured by first mortgage on the line from Lima to
Cornelia, O., 193 miles, on the branch from Kingman to Sedalia, 31 miles, on 61.11 miles of coal
spurs, and on the equipment and appurtenances belonging to that mileage. They are redeemable
at 105 p. c. and interest, on or before March 1, 1906, on eight weeks' notice. The authorized issue
amounts to $4,500,000, the unissued bonds being reserved mostly for the retirement of car trusts.
378 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
The ooneol. mtge. bonds are secured by second mortgage on the property covered by the Ohio
Southern Division bonds and by first mortgage on the rest of the company's property, including
future acquisitions. The authorized issue amounts to $10,000,000, bonds amounting to $4,500,000
being reserved to take up the Ohio Southern Division bonds, and the remaining bonds for additional
mileage, equipment and improvements. Further particulars respecting the funded debt will be
found in the Ready Reference Bond List — see General Index.
8. Financial Chnnjcen, June 30, 1902, to April 30, 1903. — Increase of liabilities (com-
mon stock, $487,000 ; preferred stock, $500,000 ; Ohio Southern Division bonds, $69,000 ; consols,
$837,000; car trust 41 p. c. bonds, new issue, $400,000; current liabilities, $39,464.12; accrued
interest, $25,956.66 ; accrued taxes, $6,586.93), $2,365,007.71 ; increase of profit and loss, $5,104.13 ;
decrease of materials and supplies on hand, $22,553.88 — total to be accounted for $2,392,665.72.
Contra: Increase of assets (cost of road, etc., $852,174; Detroit River Terminal, $118,706.66;
cost of Iron Ry., $1,000,000 ; construction Iron Ry. extension, $230,628.09 ; cash and current as-
sets, $125,558.89) $2,327,067.82 ; decrease of car trust notes, $65,597.90 — total accounted for,
$2,392,665.72. Between April 30, and June '30, 1903, the amount of Ohio Southern Division bonds
outstanding was further increased $14,000, to $4,294,000, and the amount of consols, $113,000, to
$3,816,000, while the amount of car trust notes outstanding was lessened from $203,353.49 to
$190,233.91. These car trust notes are payable $6,559.79 monthly, without interest.
9. Directors (elected Oct. 27, 1902). — John E. Borne, Cyrus J. Lawrence, Evans R.
Dick, Leopold Wallack, Simon Borg, F. J. Lisman, New York, N. Y. ; Samuel Hunt, Don
M. Dickinson, Wm. C. McMillan, Benjamin S. Warren, T. D. Rhodes, Detroit, Mich. ; A. B.
Voorheis, Cincinnati, O.
SAMUEL HUNT, President Detroit, Mich.
F. J. Lisman, Vice-President New York, N. Y.
Sec. Treas. — T.D.Rhodes Detroit, Mich. | Auditor — W. D. Gray Detroit, Mich.
PBINCIPAI, OFFICE AND ADDRESS Detroit, Mich.
IRON BY.— Ironton to Centre, O., 12.75 m.; branches, Ironton to Whitwell, 2.75
m. ; Etna Sta. to Etna Furnace, 1 m. ; Bartles to Dean, 1 m. — total, 17.5 m. ; total track
(steel, 17.5 m.), 22.45 miles. Gauge, 4 ft. Sy2 in. Rail, 56 and 60 Ibs. The Cincinnati,
Hamilton and Dayton Ry. Co. has joint use of track from Dean to Ironton, at a fental
of $1,250 per month. Organized July 22, 1884, by purchasing bondholders of the Toledo.
Cincinnati and St. Louis RR. Co. (see MANUAL for 1888, page 466). The company passed
into the control of the Detroit Southern RR. Co. in Aug., 1902. Locomotives, 5. Cars —
passenger, 2; freight (flat, 20; coal, 79), 99— total, 101.
Operations, year ending June 30, 1902. — Passengers carried, 9,070; carried one
mile, 80,178. Tons freight moved, 165,470; ton-miles, 2,151,110. Earnings (passenger,
$2,382; freight, $37,055; other, $43,186), $82,623. Operating expenses, $51,127. Net
earnings, $31,496. Payments: Taxes, $2,952; new equipment, $12,455 — total $15,407.
Surplus, $16,089; surplus forward, $72,745 — total, $88,834.
General Balance Sheet, June 30, 1902.— Capital stock ($100 shares), $600,000;
current liabilities, $6,375; profit and loss, $88,834 — total, $695,209. Contra: Cost of
road and equipment, $665,803 ; cash on hand, $29,406 — total, $695,209.
Directors.— F. J. Lisman, Evans R. Dick, New York, N. Y.; Samuel Hunt, Detroit,
Mich.; C. C. Clarke, R. D. McKnight, Ironton, O. OFFICERS: SAMUEL HUNT, Pres., De-
troit, Mich. ; F. J. Lisman, Vice-Pres., New York, N. Y. ; T. D. Rhodes, Sec. & Treas. ; W.
D. Gray, Aud., Detroit, Mich.; C. C. Clarke, Gen. Mgr., Ironton, O. GENERAL OFFICE,
Ironton, O.
EVANSVILLE AND TEREE HAUTE RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Controlled Road, Statem't of. 10
Directors and Officers 11
Earnings, Expenses, etc 6
Funded Debt, Details of 7
Gen. Bal. Sheet.June 30, 1902. 6
Gen. Bal. Sheet, 1896-1902... 3
Guaranteed Bonds 8
History 2
Income Acct., June 30, 1902.. B
Income, etc., 1896-1902 3
Mileage and Equip., 1896-1902 3
Mileage Owned and Operated 1
Operations and Inc., 1896-1902 3
Rolling Stock 4
Stocks Owned 9
1. Main Line of Road.— Evansville, Ind., to Terre Haute, Ind 108.56 miles.
Mt. Vernon Branch: Fort Branch to Mt. Vernon, Ind 36.79 "
Sullivan County Coal Branch: Standard to Hymera, Ind 11.75 "
Kockville Extension (leased to T., H. & L. and the C. & E. I. RR. Cos.) 23.00 "
OPERATED : Evansville Belt Ry. around Evansville, Ind 4.45 "
Total length of lines, June 30, 1902 184.55 miles.
Sidings, etc. (owned, 59.05 m.; leased, 4.31 m.), 63.36 miles. Gauge, 4 ft. 8V2 in. Rail
(steel), 60, 70, and 80 Ibs,
POOR S MANUAL EVANSVILLB AND TERRfi HAUTE RR. CO.
379
2. History. — Successor by change of name, April 1, 1877, to the Evansville and
Crawfordsville RR. Co. (see MANUAL for 1888, page 439). The Rockville Extension is not
operated by this company, being leased, till Nov. 1, 1978, to the Terre Haute and Logans-
port and the Chicago and Eastern Illinois RR. Cos., at a yearly rental of $12 000. The
company has a traffic contract with the Chicago and Eastern Illinois RR. Co.
In addition to the railroad lines as above, this company is owner of terminal prop-
erty connecting with the Ohio River. It also awns a controlling interest in, and operates,
the Evansville Belt Ry., connecting all railroads and reaching all manufacturing interests
and coal mines at Evansville, Ind.
The Evansville and Indianapolis RR. is operated in connection with this railroad,
but its accounts are kept separate. (See GENERAL INDEX.) Any deficit resulting from
the operation of that road is taken care of before dividends are declared on the stock of this
company.
3. Statement of operations, capital account, etc., for seven fiscal years ending
June 30 :
1896
1897
1898
1899
1900
1901
1908
161.55
365,433
398,650
Milea of Road Operated
167.73
303,813
323,022
166.88
301,734
270,417
39.963
167.70
332,478
352,465
20,147
167.70
360,412
363,265
161.55
361,263
388,862
161.55
363,718
396,472
Mixed Train Miles
Total Rev Train Miles
626,835
313,417
12,841,346
1,039,242
64,224,412
$
1,122,797
642,442
612,114
241,301
11,455,961
942,330
59,869,714
$
1,003,430
555.808
705,090
293,887
11,568,848
1,404,477
89,012,441
S
1,218,132
734,689
723.677
333,052
12.339,259
1,502,192
86,664,728
$
1,259,434
697,079
750.125
342,379
12,816,337
1,718,539
100,445,054
S
1,392,760
771,129
760,190
347,494
13,146,909
1,708,588
101,196,986
$
1,393,942
792,303
764,083
361,934
14,304,297
1,810,425
109,344,068
1
1,453,660
749,184
Gross Earnings,,
Net Earnings
480,355
15,104
447,622
17,191
483,443
32,308
562,355
49,264
621,631
37,248
601,639
45,917
704,476
39,232
Other Receipt!
Net Income
495,459
384,694
464,813
385,574
(*) 25,680
53,559
6,012 88
3,330 58
2,682 30
55.39 p.c.
2.05 c.
0.96 c.
185.43
238.21
189.58
55
37
4,235
$
5,145,267
5,978,000
343,312
1,526,044
515,751
403,098
611,619
407,221
(t) 51,333
153,065
7,510 05
4,156 71
3,353 34
55.35 p.c.
2.40 c.
0.88 c.
186.25
239.36
206.17
52
38
4,061
1
5,279,100
6,078,000
274,144
1,630,260
658,879
408,478
(t) 203.667
46,734
8,621 23
4,773 32
3,847 98
55.37 p.c
2.44 c.
0.87 c.
180.10
238.72
224.32
50
38
3,889
5,269,800
6,078,000
261,642
1,513,395
647,556
415,203
(S) 183,752
48,601
8,628 55
4,904 39
3,724 16
56.84 p.c.
2.45 c.
0.87 c.
180.10
238.27
238.27
50
38
3,769
$
5,269,800
6,078,000
223,307
1,475,392
743,708
(T) 669,056
Interest Taxes, etc
Dividends
110,765
6,648 49
3,804 02
2,844 47
56.46 p.c.
2.10c.
1.03 c.
185.43
244.77
181.25
55
39
4,262
$
5,280,683
5,978,000
369,404
1,711,312
112,653
7,263 76
4,380 97
2,882 79
60.31 p.c.
2.34 c.
0.83 c.
186.25
238.98
190.35
52
38
4,094
S
5,279,100
6,078,000
273,316
1,653,516
74,652
8,998 20
4,637 47
4.360 73
51.54 p.c.
2.39 c.
0.85 c.
180.10
239.15
239.15
40
39
3,501
S
5,269,800
6,078,000
225,130
74,653
Gross Earnings per Mile
Aver. Rate per Pass, per Mile
Aver. Rate per Ton per Mile
Milea of Road Owned
Miles of Track Owned
Miles of Steel Rail
Locomotives
Passenger Train Cars
Freight Train Cars .
Capital Stock
Funded Debt
Current Liabilities
Total Liabilities
13,339,399
8,802,607
3,617,007
32,942
886,843
12,992,623
8,827,076
2,332,907
10,742
1,821,898
13,283.932
9,951,654
2.466,740
43,701
821,837
13,261,504
10,044.160
2,456,740
73,632
686,972
13,122.837
10,049,302
2,390,132
74,130
609.273
13,046,499
10,105,751
2,347,366
55,345
538,037
11,647,583
10,549,764
316,241
72,317
709.261
Construction and Outfit
Other Investments
Fuel and Materials
Cash and Other Assets
Total Assets
13,339,399
12.992,623
13,283,932
13,261,504
13,122,837
13,046,499
11.647.583
• 2 p. c. on preferred stock, t 4 p. c. on preferred stock, t 6 p. c. on preferred stock and 3J
p. c. on common stock. | 5 p. c. on preferred stock and 3 p. c. on common stock, f Including $64,-
053 net deficit on E. & I. RR. and $189,379 for depleted equipment.
380
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
4. Rolling Stock, June 30, 1902. — Locomotives, 40. — Cars — passenger, 24; combi-
nation, 3; baggage, mail and express, 12; freight (box, 775; stock, 70; flat, 457; coal,
2,105; White Line, 14), 3,421; service, 80— total cars, 3,540.
5. General Income Account (161.55 miles), year ending June 30, 1902.
EABNINGB. 1900-01 1901-02
Passenger $321,951 55 $341,227 84
Freight 880,645 83 927,749 35
MaUand Express 71,09540 57,33837
Miscellaneous 120,24956 127,34405
Totals $1,393,942 34 $1.453,659 61
Averages per Mile 8,62855 8,99820
EXPENSES. 1900-01
Maint. of Way 4 Structure* $164,244 20
Maintenance of Equipment 210,549 95
Conducting Transportation 367,077 04
General 50,431 78
1901-02
$138,602 63
189,976 37
358,591 40
62.013 68
Totals $792,302 97 $749,184 08
Averages per Mile 4,90439 4,63747
Net earnings, 1901-2 (48.46 p. c.), $704,475.53; rental from C. & E. I. RR. Co.,
$3,000; from T. H. & L. RR. Co., $9,000; interest on current assets, $27,232.89 — total
net income, $743,708.42. Payments: Interest on bonds, $337,950; rentals, $11,291.75;
taxes, $06,380.94— total first charges, $415,622.69. Net income, $328,085.73; net de-
ficit, E. & I. RR., $64,053.76; depleted equipment, $189,379.10— total, $253,432.86. Net
profit June 30, 1902, $74,652.87.
6. General Balance Sheet, June 30, 1902.
Cost of Road
8,527,995 72
Common Stock
$3 987 383 33
Cost of Equipment
2,021,768 09
Preferred Stock
....$1,5
83,333 33
916 67—1,282,416 66
6,078 000 00
Stocks Owned (see below)
316,24093
Less Undelivered
Advances to E. & I. RR
..... 25,638 30
Funded Debt
Cash
540,484 86
Current Liabilities...
186 092 58
139,047 47
Accrued Interest, not
Profit and Loss
Due. ..
39 037 50
72 317 06
74 652 87
Accounts In Suspense
4,090 52
Total Assets $11,647,582 94
Total Liabilities $11,647,582 91
7. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of $30,000 con-
sol, gold 6s of July 1, 1910 ; $3,000,000 1st consol. gold 6s of July 1, 1921 ; $375,000 Mt. V. Br.
gold 6s of April 1, 1923 ; $450,000 Sullivan County Branch gold 5s of April 1, 1930, and $2,223,000
1st gen. gold 5s of April 1, 1942. The consol. 6s of July 1, 1910, are secured by first mortgage
on the main line and on 6 miles of the Mount Vernon Branch. The 1st consol. 6s of July 1, 1921,
are secured on the main line, on Rockville Extension and on 12 miles of the Mount Vernon Branch
(Fort Branch to Cynthiana), subject to the lien of the consol. mtge. of June 1, 1880. The Mount
Vernon Branch bonds are secured on the extension from Cynthiana to Mount Vernon, 25 miles.
They are limited in issue to $15,000 per mile, but it is provided that in case of the building or
acquisiton by the E. & T. H. RR. Co. of any extension of the Mount Vernon Branch or of any
branch to the main track of the E. & T. H. RR., additional bonds may be issued under the same
mortgage at the rate of not exceeding $15,000 per mile. The Sullivan County Branch bonds are
secured on the branch named. Only green bonds of this issue are a good delivery. The 1st gen.
mtge. bonds are secured on the entire property, subject to prior liens. The authorized amount is
$7,000,000, bonds amounting to $3,855,000 being reserved for the retirement of prior liens at
maturity, and the balance for other corporate purposes.
8. Guaranteed Bond*. — The company guarantees $647,000 1st 6s and $1,602,000 consol.
6s of the Evansville and Indianapolis RR. Co., both as to principal and interest.
9. Stocks Owned — Evansville Belt Ry. Co., $108,784 ; West Jackson Hill Coal Mining
and Trans. Co., $134,956.93; other stocks, $72,500 — total, $31.6,240.93.
1O. RAILROAD CONTROLLED AND OPERATED BY THE E. & T. H. RR. Co.
EVANSV1L,L,E BELT RV Around Evans-
ville, Ind., 4.45 m. ; total track (steel; 60 Ibs),
8.76 miles.
HISTORY. — Chartered May 6, 1881; operated
by the E. & T. H. RR. Co.
INCOME ACCOUNT, year ending June 30,
1902. — Rental, $1,245 ; other receipts, $12,150 — to-
tal, $13,395. Expenses and taxes, $12,384. Sur-
plus, $1,011.
BALANCE SHEET, June 30, 1902. — Capital
stock, $100,000 ; unfunded debt, $67,867 ; income
balance, $32,299 — total, $200,166. Contra : Cost of
road and equipment, $115,328 ; other investments,
$81,983 ; other assets, $2,855 — total, $200,166.
CORPORATE OFFICERS. — B. F. Yoakum,
Pres., New York, N. Y. ; George H. Ball, Vice-
Pres., Boston, Mass. ; Gilbert S. Wright, Sec. &
Treas., Evansville, Ind. Office, Evansville, Ind.
11. Board of Directors, E. & T. H. RR. Co., as constituted Aug. 15, 1903.
W. F. Carlton...New York, N.Y.
B. F. Yoakum... "
George H. Ball Boston, Mass.
Chas. A. Nones. .New York, N.Y.
Henry Seibert. . .New York, N.Y.
A. Lauterbach.. . " " "
Geo. S. Brewster. " " "
W. L. Stow '
J. D. Donald New York, N.Y.
Wm. C. Shanley. ..Newark, N.J.
E. W. Winter.... New York, N.Y.
H. H. Porter, Jr Chicago, 111.
R. K. Dunkerson Evansville, Ind.
B. F. YOAKUM, President New York, X. Y.
George H. Ball, V 'ice-President Boston, Mass.
Treasurer — C. W. Hillard New York, N. Y. | Secretary — G. S. Wright Evansville, Ind.
PRINCIPAL OFFICE AND ADDRESS Evansville, Ind.
POOR'S MANUAL OF RAILROADS. 381
EVANSVILLE AND INDIANAPOLIS EE.— E. & T. H. Junction to Terre
Haute, Ind., 134.15 m. ; total track (steel, 155.56 m.), 161.28 miles. Gauge, 4 ft. 8% in.
50 and 60 Ibs. The company leases 11.8 miles of the Terre Haute and Indianapolis RR.,
from Saline City to Brazil, Ind., and has trackage rights in 3.5 miles of the Evansville
and Terre Haute RR., from E. & T. H. Junction to Evansville, Ind.; making the total
length operated 149.45 miles.
History. — Consolidation, Nov. 14, 1885, of the Evansville and Indianapolis RR.
Co., the Terre Haute and Southeastern RR. Co. and the Evansville, Washington and
Brazil RR. Co. (see MANUAL for 1891, page 703.) Controlled by the Evansville and
Terre Haute RR. Co., through ownership of the capital stock.
Rolling Stock. — Freight cars (flat, 6; coal, 3), 9.
Operations, year ending June 30, 1902. — Train mileage — passenger, 124,508;
freight, 78,989; mixed, 83,393; other, 34,172 — total, 321,062 miles. Passengers carried,
187,986; carried one mile, 3,925,648. Tons freight moved, 340,435; ton-miles, 17,-
471,416.
Gross earnings (passenger, $96,038; freight, $204,712; other, $23,711), $324,461.
Operating expenses, $226,368. Net earnings ( 30.24 p. c. ) , $98,093 ; interest and rentals
received, $14,050 — total, $112,143. Payments: Interest on bonds, $152,510; other inter-
est, $60; rentals, $3,000; taxes, $20,627 — total, $176,197. Deficit, $64,054, assumed by
E. &«T. H. RR. Co.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $2,000,000;
funded debt (see Sec. 7), $2,500,000; debenture bonds, $2,132; current accounts, $38,-
406.08; accrued interest, $75,041.67 — total, $4,615,579.75. Contra: Cost of road and
equipment, $4,200,824.89 ; materials on hand, $2,270.22 ; cash on hand, $74,982.42 ; current
accounts, $12,648.85; suspense accounts, $1,332.08; profit and loss, $323,521.29 — total,
$4,615,579.75.
Funded Debt — Funded debt consists of $251,000 T. U. & S. E. 1st 7s of Sept. 1, 1909;
$647,000 E. & I. 1st 6s of July 1, 1924, and $1,602,000 ($2,500,000 autn.) consol. 6s of Jan. 1,
1926. The bonds are guaranteed by the E. & T. H. RR. Co., both as to principal and interest.
Directors ( as constituted Aug. 15, 1903 ) W. F. Carlton, B. F. Yoakum, Chas. A.
Nones, Alfred Lauterbach, Henry Seibert, New York, N. Y.; George H. Ball, Boston,
Mass.; R. K. Dunkerson, Evansville, Ind. OFFICERS: B. F. YOAKUM, Pres., New York,
N. Y.; George H. Ball, Vice-Pres., Boston, Mass.; C. W. Hillard, Treas., New York,
N. Y. ; Gilbert S. Wright, Sec. & Asst. Treas., Evansville, Ind. PRINCIPAL OFFICE,
Evansville, Ind.
GEEEN BAY AND WESTEEN EAILEOAD COMPANY.
1. Main Line of Eoad. — Green Bay to East Winona, Wis.. 212.5m.
La Crosse Branch: Onalaska to La Crosse, Wis 6.5 m.
Steven's Point Branch : Plover to Steven's Point, Wis 6.0 m.
TRACKAGE: C. & N. W. Ry.: Marshland to Onalaska, Wis 23.0 m.— 248.0 miles.
Sidings, etc., 23.08 miles. Gauge, 4 ft. Sy2 in. Rail (steel, 229.8 m.), 70 and Iiy2 Ibs.
2. History. — Reorganization, June 5, 1896, of the Green Bay, Winona and St. Paul
RR. Co. (see MANUAL for 1896, page 1509). The company has an interest in a lease of
the bridge across the Mississippi River, which gives it an entrance into Winona, Minn.
3. Eolling Stock, Dec. 31, 1902. — Locomotives, 21. Cars — passenger, 14; bag-
gage, mail, and express, 7; freight (box, 365; flat, 60), 425; service cars, 28 — total
cars, 474.
4. Operations, year ending Dec. 31, 1902. — Train mileage — passenger, 135,704;
freight, 187,174; mixed, 60,096 — total, 382,974 miles. Passengers carried, 155,391; car-
ried one mile, 4,109,543; average mile rate, 2.34 cents. Tons freight moved, 338,861;
moved one mile, 42,485,962; average ton-mile rate, 0.90 cent.
EARNINGS. 1901 1902
Passenger $98,574 72 $102,116 08
Freight 400,627 00 374,140 39
Mail and Express 24,044 14 25,999 17
Miscellaneous 4,06590 9853
Totals $527,31176 $502,35417
Averages per Mile 2,128 25 2.C2S C2
EXPENSES. 1901 1902
Maintenance Way and Structures.. $140.07254 $127,99449
Maintenance of Equipment 43,348 M 38,917 99
Conducting Transportation fc 148,544 62 144,764 66
General Expenses 23,336 43 24,697 30
Totals. . . . $355,302 10 $336,374 44
Averages per Mile 1,432 67 1,356 35
382
POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Net earnings, 1902 (33.04 p. c.), $165,979.73. Paid taxes, $16,457.76. Surplus,
$149,521.97; surplus forward, $27,912.21 — total, $177,434.18. Deduct dividend payable
Feb. 2, 1903 (4 p. c. on $600,000 "A" debentures, $24,000; 4 p. c. on 25,000 shares of
stock, $100,000), $124,000. Surplus, $53,434.18.
5. General Balance Sheet, Dec. 31, 1902.
Cost of Road $9,954,000 00
Cost of -Equipment 121,000 00
Stocks Owned 94,68000
Cash 33,76539
Materials and Supplies 12,191 82
Treasurer 187,04921
General Auditor 11,27257
Current Assets 21,67637
Capital Stock ($100 shares) $2,500,00000
" A " Debentures 600,000 00
" B " Debentures 7,000,000 00
Current Liabilities 133,60268
General Improvement Fund 24,598 50
Dividend Due Feb. 2, 1903 124,00000
Profit and Loss Surplus , 53,43418
Total Assets $10,435,63536 Total Liabilities $10,435,63536
6. Rights of Debentures and of Stock. — The net earnings of the company are to be
applied each year as follows: (1) 2i p. c. on the $600,000 series " A" debentures; (2) 2J p. c. on
the $2,500,000 stock ; (3) " A " debentures and stock a pro rata on surplus up to 5 p. c. per annum ;
(4) the surplus earnings after the above, to be distributed pro rata to the holders of the "B"
debentures. All of such income payments to be non-cumulative. It is provided that no mort-
gage shall be placed upon the railroad and property, nor the same be leased or sold, without the
consent of the holders of 75 p. c. of the capital stock outstanding ; and in case of any future sale
or reorganization of the property the proceeds of such sale or reorganization shall, after payment
of all liens and charges upon said property, be first distributed to and among the holders of class
" A " debentures and the stockholders pro rata, and any surplus remaining after payment of the
face value of the said class " A " debentures and the par of said stock shall be distributed pro rata to
and among the holders of the class " B " debentures.
7. Directors.— S. S. Palmer, Princeton, N. J.; William J. Hunt, C. Ledyard,
Blair, New York, N. Y. ; J. A. Jordan, Green Bay, Wis. ; Mark T. Cox, East Orange. N. J.
S. S. PALMEB, President and Chairman of the Board .... New York, N. Y.
J. A. Jordan, Vice-President and General Manager. . . .Green Bay, Wis.
See. & Treas. — Mark T. Cox — New York, N. T. | Can. Aud. — J. C. Thurman Green Bay, Wis.
PRINCIPAL OFFICE AND ADDRESS 40 Wall Street, New York, N. Y.
General and Operating Office Green Bay, Wis.
HOCKING VALLEY RAILWAY COMPANY (THE)
(For map of this road, see page 383.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 7
Car Trust Bonds 10
Car Trust Obligations 1]
Directors and Officers 14
Earnings, Expenses, etc .... 4
Funded Debt, Details of 9
Mileage and Equip., 1900-2.. 8
Mileage Operated 1
Operations, June 30, 1902 4
Oper. and Income, 1900-2 4
Profit and Loss, June 30, 1902 5
Rolling Stock 3
Gen. Bal. Sheet, June 30, 1902. 6
Gen. Bal. Sheet, 1900-2 S
Guaranteed Bonds 12
History 2
Income Acct., June 30, 1902. 4
Leased Line, Statement of. . 13
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 321.0 miles).
Toledo Division : Eockwell to Columbus, O 120.0 miles.
Hocking Valley Division: Columbus to Athens, 0 76.0 "
Ohio River Division : Logan to Pomeroy, O 83.0 "
Straitsville Branch: Logan to New Straitsville, 0 13.0 "
Monday Creek Branch: Nelsonville to Monday Creek Junction, 0 17.0 "
Snow Fork Branch : Snow Fork Junction to Coalgate, 0 8.0 "
Brush Fork Branch: Brush Fork Junction to New Pittsburgh, O 2.5 "
Ohio Central Branch: Walbridge to Hickox, 0 1.5 "
B. OPERATED.
Wellston and Jackson Belt Ry.: McArthur June, to Jackson, 0 17.5 "
O. TRACKAGE RIGHTS (total, 8.5 miles).
Toledo, Walhonding Valley & Ohio RR.: Walbridge to Toledo, 0 5.5 "
Lake Shore & Michigan Southern Ry.: Rockwell to Toledo, 0 2.5 "
Pittsburgh, Cincinnati, Chicago & St. Louis Ry. : Columbus, O 0.5 "
Total length of all lines operated, June 30, 1902 347.0 miles.
2d track, 25.5 m.; ridings (owned, 200.0 m.; operated, 7.0 m.; trackage, 4.0 m.), 211.0
miles. The company also operates 14.0 m. of private track; making total length of track
operated, 597.5 miles. Gauge, 4 ft. 8y2 in. Rail (steel, owned, 546.5 m.), 52, 60, 63,
67, and 80 Ibs.
POOR'S MANUAL OP RAILROADS— CENTRAL NORTHERN GROUP.
2. History. — Chartered Feb. 25, 1899, to take over the railroad property, stocks
bonds, etc., covered by the Columbus, Hocking Valley and Toledo Ry. Co.'s consolidated
5 p. c. mortgage of 1881 and general lien 4 p. c. mortgage of 1896, and by the joint gen-
eral mortgage made in 1884 by the Columbus, Hocking Valley and Toledo Ry. Co. p.nd
the Hocking Coal and RR. Co., all of which mortgages were foreclosed on Feb. 24, 1899.
The coal property was conveyed to the Buckeye Coal and Ry. Co.; all of the capital
stock of which is owned by the Hocking Valley Ry. Co. (See MANUAL for 1898, page
420.)
The Buckeye Coal and Ry. Co. owns all the capital stock of the Ohio Land and Ry.
Co., and the Hocking Valley Ry. Co. owns substantially all the bonds of the same
company. The Hocking Valley Ry. Co. also owns all the stock and all the bonds of the
Wellston and Jackson Belt Ry. Co. and owns or controls more than 99 p. c. of each class
of the capital stock of the Toledo and Ohio Central Ry. Co. In October, 1902, the Hock-
ing Valley Ry. Co. acquired all the securities of the Zanesville and Western Ry. Co., state-
ment for which see.
The Hocking Valley Ry. Co. and the Toledo and Ohio Central Ry. Co. control the
entire tonnage of the Continental Coal Co., which owns or leases more than 30,000 acres
of land in Athens, Perry and Hocking Counties, Ohio.
3. Rolling Stock, June 30, 1902. — Locomotives, 112. Cars — passenger, 41 ; com-
bination, 5; parlor, 3; baggage, mail, and express, 14; freight (refrigerator, 25; box,
2,281; flat, 176; lime, 116; gondola, 11,287; dump, 435), 14,320; service cars, 78 — total
cars, 14,461.
4. General Income Account, year ending June 30, 1902.
Earnings— Passenger $726,00145
Freight 1,902,137 12
Coal 2,391,296 32
Mail, Express, etc 297,08799
Total ($15,321.39 per mile) $5,316,52285
Expenses -Ma int. Way and Struct.... $568,15542
Maintenance of Equipment 860,267 52
Conducting Transportation. 1,532,576 44
General Expenses 124,622 54
Total ($8,892.28 per mile) $3,085,62192
Net earnings (41.97 p. c.), $2,230,900.96; other income, $504,548.95 — total, $2,735,-
449.91. Payments: Taxes, $143,709.47; lease rentals, $24,564.04; interest on funded
debt, $839,539.20; other interest, $45,314.69; net deficit, subsidiary companies,
$79,949.89— total, $1,133,077.29. Surplus, $1,602,372.62.
5. Profit and LOSS Account, year ending June 30, 1902.— Credits : Balance,
June 30, 1901, $1,579,646.62; surplus income for year, $1,602,372.62 — total, $3,182,-
019.24. Debits: Dividends on preferred stock, Xos. 5 and 6 (Jan. 10, and July 20,
1902), 2 p. c. each, $560,000: dividends on common stock, Nos. 2 and 3, Jan. and July,
1902, iy2 p. c. each, $312,648.37; sundry profit and loss items (net), $2,807.96; credit
balance, June 30, 1902, $2,306,562.91— total, $3,182,019.24.
6. General Balance Sheet, June 30, 1902.
Cost of Road and Property $24,588,95101
Rolling Equipment 7,393,19881
Securities Owned 11,858,06689
Unexpended Bal. in Sinking Funds. . 107,980 29
Cash for Construction and Equip 412,583 60
Kanawha & Mich. Ry. Equip Notes.. 1,375,000 00
Materials and Supplies 184,67566
Cash on Hand and in Transit 197,568 53
Cash to Pay Coupons and Dividends 267,046 00
Agents and Conductors 96,33337
Individuals and Companies 1,022,79701
U. S. Government — P. O. Dept 10,17283
Bills Receivable 1,025,00000
Accrued Interest Receivable 21,20407
Total Assets $48,560,578 07
Common Stock ($100 shares) $10,421,600 00
Preferred Stock ($100 shares) 14,000,00000
Funded Debt Outstanding 16,722,000 OC
Car Trust Bonds, Series A 448,000 OC
Car Trust Bonds, 1902 1,600,000 OC
Car Trust Obligations $1,456,86045
Less Interest Unaccrued... 158,148 97—1,298,711 4S
Current Accounts 500,22002
Int. and Dividends Due and Unpaid. . 703,370 7f.
Bills Receivable Discounted 340,000 OC'
Accrued Interest on Funded Debt.... 117,406 6fi
Accrued Taxes 50,65474
Reserve Funds 52,061 51
Profit and Loss 2,306,562 91
Total Liabilities. $48,560,578 0"
7. Capital Stock. — The capital stock was increased to a total of $26,000,000 ($11,000,000
common and $15,000,000 preferred) in Oct., 1902, by the issuing of $578,400 of common stock
and $1,000,000 of preferred stock to acquire all the securities of the Zanesville and Western Ry.
Co. The Middle States Construction Co. holds $38,000 of the common stock and $8,300 of the pre-
ferred stock for the purpose of acquiring additional stock of the Toledo and Ohio Central Ry. Co.
Railroad Map of Indiana.
American Bank Note Company
[C,
NEW YORK
NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security ; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual— Railroad Map of the United States, 1903.
INDIANA.
Railroad Map of Indiana.
T5E MONEY QUESTION
A HANDBOOK FOR THE TIMES
By HENRY V. POOR,
Author of " Money and its Laws," " Resumption and the Silver Question,"
"Twenty-two Years of Protection," "Poor's Manual of the
Railroads of the United States," etc., etc.
7. viii-337, Svo. CtotA. Fries
TABLE OF CONTENTS.
United States Notes,
United States Safety-Fund Banking System.
Gold Certificates*
Demonetization of the Silver Dollar. Act
of 1873.
Remonetization of Silver.
Act of J890.
Position of the Late Administration.
The Sound Money "Wing of the Democracy
The Free Coinage Democracy.
Position of Present Administration.
Bi-metallism.
The Remedy.
NOTES AND ILLUSTRATIONS.
The Silver Recoinage in England.
Paper Money in France — The Mississippi Scheme*
Adam Smith.
What is Money?
Function of Governments in the Matter of
Metallic Money.
Metallic Money of the United States.
Symbolic Money — Banks of Issue.
Savings Banks.
Money fay Law.
Bank of the United States.
Overthrow of the Bank and the Inflation of
the Currency.
Change of Standards. Acts of 1834 and 1837.
Debasement of the Silver Currency. Act of
J853.
Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency.
PR ICE
Sent postpaid to any address, on receipt of price.
POOR'S RAILROAD MANUAL CO.
68 William St., New York Gty.
Or, may be ordered through any bookseller.
POOR'S MANUAL — HOCKING VALLEY RY. CO. (THE).
385
Preferred stock has priority over common stock for non-cumulative dividends up to 4 p. c. per
annum out of the net profits of the company and for its par value in the event of a dissolution of the
corporation. It is subject to redemption at par any time after three years from date of issue. When-
ever dividends of 4 p. c. are declared in any fiscal year on both classes of the stock any further divi-
dends for such fiscal year shall be equally for the benefit of all shares, whether preferred or
common.
8. Statement of operations, property and general balances for three fiscal years
eliding June 30:
1900
1901
1902
1900
1901
1902
Pass. Train Mileage . . .
Freight Train Mileage. .
Other Train Mileage
Total Train Mileage
Passengers Carried ....
751,490
1,246,020
843,336
715,499
1,291,593
903,945
663,258
1,480,684
1,171,325
Miles Rd. Oper. (av.) . .
Gross Earn, per Mile . . .
Oper. Ex per Mile. . . .
Net Earn, per Mile
Expenses to Earnings. .
Av. Earn. p. Pass. p.M .
Av. Earn. p. Ton per M.
Miles Road Owned ....
Miles Track Owned ....
345.5
$
12,785 13
. 7,310 39
347.0
$
13,409 97
7,652 75
347.0
I
15,321 39
8,892 28
2,840,846
1,538,967
32,993,322
6,691,394
2,911,037
2,044,306
32,307,033
6,756,611
3,315,267
1,947,605
32,362,418
8,156,514
1,003,371,955
1
726,001
4,293,434
297,088
5,474 74
57.18p.c.
1.86 c.
0.45 c.
320.0
509.3
509.3
107
53
12,365
69
$
24,421,625
15,193,000
2,335,825
1,448,548
938,983
5.757 22
57.07p.c.
2.08 c.
0.44c.
321.0
524.0
524.0
104
63
12,295
74
1
24,421.625
15,722,000
1,634,290
2,175,726
1,579,647
6,429 11
58.03 p.c.
2.21 c.
0.43 c.
321.0
546.5
546.5
112
63
14,320
78
$
24,421,600
16,722,000
3,346,711
1,763,704
2,306,563
Freight (tons) Moved.. .
Freight (ton) Miles ....
Earnings— Passenger . .
Freight ....
805,317,681
$
623,361
3,607,377
833,528,765
682,283
3,687,031
Other
Gross Traffic Earnings . .
Operating Expenses . .
Net Traffic Earnings. .
Other Receipts
186,529
283,944
4,417,267
2,525,740
4,653,258
2,655,503
5,316,523
3,085,622
Miles Steel Rail
1,891,527
295,387
1,997,755
474,084
2,230,901
504,549
Pass. Train Cars
Freight Train Cars
Net Income
Payments— Taxes
Interest. . .
Rentals. . . .
Other
Totals
2,186,914
115,467
807,980
12,208
82,711
2,471,839
129, 783
881,805
24,428
81,645
2,735,450
143,709
884,854
24,564
79,950
Service Cars
Capital Stock
Funded Debt
CarTrusts
1,018,366
1,168,548
207,535
3.080
1,117,661
1,354,178
938,983
2,810
1,133,077
1,602,373
1,579,646
Current Liabilities
Profit and Loss
Total Liabilities
Cost of Rd. & Property.
Surplus Forward
44.337.981
24.379,164
5 783 612
45,533.288
24,551,268
5866 112
48,560,578
24,588,956
7,393,191
13,233,069
184,676
107,980
3,052,706
Sundry Credits
Totals
1,379,163
430,000
2,295,971
560,000
156,324
i.579.647
3,182,019
560,000
312,648
2,808
2,306,563
Debits— Pref. Dividend.
Com, Div
12,210,436
270,546
282,118
1,412,105
11,801,253
212,302
99,451
3,002,902
Adjustments.. .
Credit Bal . . .
Totals
10,180
938,983
Cash & Cur. Assets
Total Assets.
1,379,163
2,295,971
3,182,019
44.337,981
45,533,288
48,560,578
9. Funded Debt — The funded debt outstanding on May 31, 1903 — total, $17,642,000, the
increase of $920,000 over the amount as per general balance sheet representing 1st consol. mtge.
bonds issued after the close of the fiscal year — consisted of the following issues (additional par-
ticulars will be found in the Ready Reference Bond List — see General Index) :
¥1,4O1,OOO C. & H. V. RR. 1st (extended)
gold 4s of Oct. 1, 1948. Secured on the line from
Columbus to Athens, O., 76 miles, and on 41
miles of branches.
$2,50O,OOO C. & T. RR. 1st 7s of Aug. 1,
1905. Secured on the line from Columbus to
Walbridge, O., 118 miles.
$1,584,OOO O. & W. Va. Ry. 1st 7s of May 1,
1910. Secured on the line from Logan to Pome-
roy, O., 83 miles.
f 12,157,OOO H. V. Ry. 1st consoZ. gold 3Js of
July 1, 1999. Secured by a mortgage dated
March 1, 1899, executed jointly by the Hocking
Valley Ry. Co. and the Buckeye Coal and Ry.
Co. to the Central Trust Co. of New York, as
trustee, and conveying the entire properties of
both companies, whether now owned or here-
after acquired, but subject to the liens of prior
mortgages. The Buckeye Coal and Ry. Co. con-
veyed all itri lands, aggregating about 10,000
acres in the counties of Hocking, Perry and
Athens, in the State of Ohio. The mortgage
provides that the Coal Co. shall pay the trustee
two cents per ton on all coal mined from the
lands of the Coal Co., to be used In purchasing
bonds, If obtainable, at not over 105 p. c. and
accrued interest, all bonds so purchased to be
cancelled. All sums not so used within six
months after their receipt by the trustee are to
be returned to the Coal Co. The amount author-
ized is $20,000,000, of which a sufficient amount
is reserved for the retirement of prior liens, the
balance being issuable for the acquisition of
new property and for betterments and enlarge-
ments, the property so acquired to be subject
to the lien of the mortgage. The company re-
serves the right to extend any of the prior lien
bonds rather than redeeming them by use of 1st
consol. mtge. bonds. There are deposited with
the trustee, as additional security for the 1st
consol. mtge. bonds, $249,500 capital stock of the
Buckeye Coal and Ry. Co., $255,000 capital stock
and $300,900 1st mtge. bonds of the Wellston and
Jackson Belt Ry. Co., $200,000 capital stock of
the Boston Coal, Dock and Wharf Co., $199,900
capital stock and $1,461,000 1st mtge. bonds of the
Ohio Land and Ry. Co., and $102,850 preferred
stock and $154,530 common stock of the Sunday
Creek Coal Co. (the par value of the Sunday
Creek Coal Co.'s stock was reduced In Oct., 1902,
from $100 per share to $10 per share, which ac-
counts for the decrease in the amounts deposited
as compared with last year's statement). The se-
curities thus deposited are in each case the whole
or a large majority of the issue. The Ohio Land
and Ry. Co. is the owner of about 10,960 acres of
coal lands in Athens, Hocking and Perry coun-
tl«a in Ohio.
386
POOR S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
10. Car Trust Bond*. — Series A is the outstanding balance of an issue of $1,750,000
floated in 1894. The bonds are retired by action of a sinking fund, under which one-tenth of them
may be drawn each year at par and interest. The date of final maturity is April 1, 1904. In-
terest is at the rate of 6 p. c. per annum, payable on the 1st of Jan., April, July and Oct., at the
Metropolitan Trust Co., New York, N. Y. The series of 1902 is dated May 1, 1902, principal and
interest payable in semi-annual installments, covering a period of ten years, the date of final
maturity being May 1, 1912. Interest is at the rate of 4| p. c. per annum, payable May 1 and
Nov. 1, at the office of J. P. Morgan & Co., New York, N. Y.
11. Car Trust Obligations — These were as follows, as of June 30, 1902 : Pullman
Co., for 1,050 box and 50 gondola cars — $317,808.80, due May 1, 1905, with interest at 5 p. c. per
annum, payable monthly at the Merchants' Loan and Trust Co. Bank, Chicago, 111. ; American
Car and Foundry Co., for 1,000 gondola cars — $372,675.81, due June 28, 1905, with interest at
5 p. c. per annum, payable monthly at the office of P. W. Huntington & Co., Columbus, O. ; Brooks Lo-
comotive Works, for 8 locomotives — $19,614.39, due Dec. 10, 1902, with interest at 5 p. c. per
annum, payable monthly at the Bank of Commerce National Association, Cleveland, O. The
foregoing are all dated 1900. Pullman Co., dated 1901, for 1,500 gondola cars — $588,612.48, duo
July 15, 1908, with interest at 5 p. c. per annum, payable monthly at the Merchants' Loan and
Trust Co. Bank, Chicago, 111. The car trust obligations may be retired from the earnings of the
company or from the proceeds of the sale of additional 1st consol. mtge. 4J p. c. bonds, as may be
most desirable and practicable from time to time.
lla. Car Trust Obligation*, aa of May 31, 19O3 — Of those dated 1900 there re-
mained outstanding (1) $271,703.90 of the Pullman Co. notes and (2) $264,670.34 of the Ameri-
can Car and Foundry Co. notes. Of the Pullman Co. notes dated 1901, there remained outstanding
$565,325.58. The following obligations issued after June 30, 1902, were also outstanding : Burn-
ham, Parry Williams & Co., dated 1902, for 5 locomotives, $37,741.02, due Nov. 17, 1904, with
interest at 5 p. c. per annum, payable monthly at the office of J. P. Morgan & Co., New York,
N. Y. ; American Locomotive Works, dated 1903, for 15 locomotives, $121,590.50, due Jan. 1, 1905,
with interest at 5 p. c. per annum, payable monthly at the office of J. P. Morgan & Co., New York,
N. Y. ; Simpson & Barnum, dated 1903, for 5 locomotives, $47,160, due May 1, 1905, with interest
at 6 p. c. per annum, payable monthly at the office of J. P. Morgan & Co., New York, N. Y.
12. Guaranteed Bonus. — This company guarantees, both as to principal and interest,
$2,750,000 1st mtge. 4 p. c. bonds of July 1, 1951, of the Kanawha and Hocking Coal and Coke
Co., and $2,750,000 1st mtge. 5 p. c. bonds of Feb. 1, 1952, of the Continental Coal Co.
13. RAILROAD LEASED BY THE HOCKING VALLEY RY. Co.
WEI.LSTON AND JACKSON BELT RY.
— McArthur June, to Jackson, O., 17.5 m. ; total
track (steel; 60 Ibs.), 24.8 m., of which 11.4 m.
operated by electricity.
HISTORY. — Chartered Jan. 22, 1895; opened
March 1, 1896. Leased to the Hocking Valley Ry.
Co., for 99 years from Jan. 1, 1900.
ROLLING STOCK. — The company owns 5 mo-
tor and 5 trail cars.
INCOME ACCOUNT. — Rental year ending
June 30, 1902, $24,564. Payments : Interest on
bonds, $18,000; other charges, $6,564 — total, $24,-
564.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares) $255,000; funded debt (1st 6s
of Aug. 1, 1915), $300,000; unfunded debt, $146,367
— total, representing cost of road, $701,367.
The stock and the bonds are all ewned by the
H. V. Ry. Co.
CORPORATE OFFICERS. — N. Monsarrat,
Pres. ; C. O. Hunter, Vice-Pros. ; Wm. N. Cott,
Sec. & Treas. ; Louis P. Ecker, Aud. Office, Col-
umbus, Ohio.
C. B. Alexander.New York.N.Y.
Robert Bacon...
R. M. Gallaway. "
W. F. Goodspeed.. Columbus, O.
P.W.Huntington. . Columbus, O.
N. Monsarrat —
Thos. F. Ryan..New York, N.Y.
Charles Steele... "
14. Board of Directors, The Hocking Valley Ry. Co., elected October 7, 1902.
Myron T. Herrick.Cleveland, O.
Ralph W. Hickox.
Chas. G. Hickox. .
James H. Hoyt " "
R. S. Warner Columbus, O.
NICHOLAS MONSARRAT, President Columbus, O.
R. W. Hickox, 1st Vice-President Cleveland, 0.
James H. Hoyt, 2d V ice-President " "
Sec. £ Treas. — Wm. N. Cott Columbus, O. I Asst. Sec. d Asst. Treas. — A. H. Qillard,
New York, N. Y.
Auditor — Louis P. Ecker Columbus, O.
PRINCIPAL OFFICE AND ADDRESS Columbus, O.
ZANESVILLE AND WESTERN BY.— Thurston to Shawnee, O., 56 m.; Ful-
tonham to Zanesville, O., 7.5 m. ; Muskingum to Cannelville, 0., 8 m. ; leased and operated
jointly (Kanawha and Michigan Ry., 11 m. ; Cincinnati and Muskingum Valley RR.,
2 m.; Zanesville Terminal Ry., 1.5 m.), 14.5 m. — total operated (owned, 71.5 m.), 86.0
miles. Gauge, 4 ft. 8^ in. Rail (steel), 40 to 70 Ibs. Rolling stock not reported.
History.— Organized Oct. 16, 1902, and on Nov. 1, 1902, took over the property of
the Columbus, Sandusky and Hocking RR. Co. lying east and south of Thurston, O.,
and about 3 miles of railroad lying east of the Cleveland, Akron and Columbus RR.
crossing near Columbus, 0. The rest of the Columbus, Sandusky and Hocking RR. (see
MANUAL for 1902, page 352) was conveyed to the Toledo, Walhonding Valley and
Ohio RR. Co., a corporation controlled by the Pennsylvania Company, This company
is affiliated in interest with the Hocking Valley Ry. Co.
POOR'S MANUAL OP RAILROADS. 38?
Operations, 2 months ending Dec. 31, 1902. Earnings (passenger, $8,327; freight,
$70,611; other, $3,057), $81,995. Operating expenses, $69,420. Net earnings, $12,575;
other receipts, $371 — total, $12,946. Payments: Interest on bonds $13,334; taxes,
$1,400— total, $14,734. Deficit, $1,788.
General Balance Sheet, Dec. 31, 1902.— Capital stock ($100 shares), $2,500,000;
funded debt (1st 4s of Nov. 1, 1952), $2,000,000; current liabilities, $61,877; interest
accrued, $13,333; taxes accrued, $1,400; C. S. and H. liquidation account, $155,530 —
total, $4,732,140. Contra: Cost of road and equipment, $4,333,873; securities owned,
$91,144; materials, etc., $35,651; cash and current assets, $269,684; profit and loss,
$1,788— total, $4,732,140.
Directors.— N. Monsarrat, F. B. Sheldon, W. N. Cott, Columbus, O. ; James H. Hoyt,
G. Von der Steinen, Cleveland, O. OFFICERS : N. MONSABBAT, Pres., Columbus, O. ; James
H. Hoyt, Vice-Pres., Cleveland, O.; J. M. Ferris, 2d Vice-Pres., Toledo, O.; W. N. Cott,
Bee. & Treas.; L. P. Ecker, Aud., Columbus, O. GENERAL OFFICE, Columbus, O.
TOLEDO AND OHIO CENTRAL RAILWAY COMPANY.
(Controlled by Hocking Valley By. Co.)
(For map of this road, see page 389.)
INDEX TO THIS STATEMENT — REFEBENCES TO NUMBERS OF SECTIONS.
Capital Stock 7
Car Trust Obligations 10
Directors and Officers 11
Earnings, Expenses, etc. ,1902. 4
Earnings, Exp., etc., 1896-1902. 6
Funded Debt, Details of 8
Oen. Bal. Sheet, June 30, 1902. 6
Gen. Bal. Sheet, 1896-1902 5
Guaranties 9
History 2
Income Acct, June 30, 1902. . 4
Income Acct., 1896-1902 5
Mileage Oper'd. June 30, 1902. 1
Operations and Inc.,1896-1902. 5
Rolling Stock 3
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 396.14 miles).
Western Division: Toledo, 0., to Truro June., 0 172.91 miles.
Bucyrus Division: Whitmore, O., to Thurston, 0 145.57 "
St. Marys Division: Peoria, O., to St. Marys, 0 61.13 "
^ . n. . . ( Alum Creek, O., to Bremen, 0 4.20 "
Cormng Division : | Nfiw Lexingion; o>> to Corning, O 12.33 "
B. TBACKAGE RIGHTS (total, 40.22 miles).
Lake Shore and Michigan Southern Ry. : In Toledo, O 0.63 "
Cincinnati and Muskingum Valley RR.: Bremen to New Lexington, O. . . . 11.20 "
Kanawha and Michigan Ry. : Corning to Chauncey, O 17.22 "
Kanawha and Michigan Ry.: Glouster to Carrington, O 11.17 "
Total mileage operated, June 30, 1902 436.36 miles.
Sidings, etc., 167.11 miles. Gauge, 4 ft. Sy2 in. Rail (steel, 603.47 m.), 56, 60, and 70 Ibs.
25. History. — Organized, June 30, 1885, by the purchasers of the main line and
Columbus Branch of the Ohio Central RR. Co. (see MANUAL for 1888, page 535, and
MANUAL for 1898, page 805). The Columbus and Northwestern Ry. was purchased as of
March 1, 1901, and is now operated as the St. Marys Division of this road (see MANUAL
for 1901, page 1519). This company is controlled by the Hocking Valley Ry. Co (state-
ment for which see) through ownership of more than 99 per cent, of the capital stock.
3. Rolling Stock, June 30, 1902. — Locomotives, 84. Cars — passenger, 20; com-
bination, 11; parlor, 3; baggage, 3; freight (box, 722; flat, 139; stock, 7; coke, 78; gon-
dola, 5,656; dump, 108), 6,710; service cars, 98 — total cars, 6,845.
4. General Income Account, year ending June 30, 1902.
Earnings— Passenger $490,801 06
Coal Freight 1,462,211 30
General Freight 787,62336
Mail. Express and Other.... 137,023 50
Total ($6,594.69 per mile) '.....$2,877,65922
Expenses — Maint of Way and Struc. . . $394,748 39
Maintenance of Equipment. 585,788 66
Conducting Transportation . 1,129,440 97
General Expenses 62,126 00
Total ($4,977.79 per mile) $2,172,10302
Net earnings (24.52 p. c.), $705,556.20; other income, $17,589.09 — total, $723,145.29.
Deductions: Interest on funded debt, $392,000; interest on car trust notes, $63,942.51;
388
POOR'S MANUAL OP RAILROADS CENTRAL NORTHERN GROUP.
interest on floating debt, $8,478.43; on T. & O. C. Ext. Ry. bonds, $9,000; taxes, $106",-
373.93; deficit Imperial Coal Co., $3,745.35— total, $583,540.22. Surplus, $139,605.07;
surplus forward, $101,844.34; additions during year, $23.50 — total surplus June 30,
1902, $241,472.91.
5. Statement of operations and capital account for seven years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Mile* of RR. Operated
371.44
371.44
371.44
371.44
371.44
390.95
43636
l'aasenger T^ai" Miles
757,992
804,111
775,487
781,443
743,759
802,571
863585
Freight Train Miles.
1,050,415
1,034,809
992,942
993,934
1,143,429
1,191,372
1298458
Total Rev. Train Miles. ... .
1,808,407
1,838,920
1,768,429
1,775,377
1,887,188
1,993,943
2 162 043
Passengers Carried
708,454
636,467
622,781
615,945
722,135
751,151
785,380
Passenger Mileage
19,115,118
17,869,830
19,161,467
19,959,330
22,815,590
22,463,143
25,410,710
Freight (tons) Moved.
Freight (ton) Miles
2,263,578
276,500,217
2,139,167
264,772,678
2,127,484
273,244,489
2,432,906
310,759,849
3,097,116
410,801,295
3,392,021
436,923,212
3,857,632
496,183,180
Earnings — Passeneer
S
385,250
$
349,101
354,828
S
367,191
$
410,253
$
436,050
1
490,801
Freight
1,443,463
1,266,360
1,275.499
1,362,416
1,811.042
1,980,180
2,249,835
Other
115,790
135,518
149,288
168,261
147,676
155,492
137,023
Gross Earnings.
1,944,503
1,750,979
1,779,615
1,897.868
2,368,971
2,571,722
2,877,659
Operating Expenses
1,326,658
1,285,275
1,245,696
1,296,453
1,536,069
1,851,140
2,172,103
Net Rfirninjrs ......
617,845
465,704
533,919
601,415
832,902
720,582
705.556
Other Receipts
9,532
8,208
10,255
24,854
13,189
7,425
17,589
Net Income
627,377
473,912
544,174
626,269
846.091
728,007
723,145
Payments — Taxes
72,000
78,128
78,766
88,823
86,650
85,493
106374
Interest
397,562
389,347
385,770
409,134
397.886
426,718
473,421
185400
46350
Other..
5,440
3745
Total Payments
654,962
513,825
464,536
497,957
484,536
517,651
583,540
Balance (+ or — ). ......
—27,585
—39,913
+79,638
+128,312
+361,555
+210,356
+139,605
Gross Turnings per Mile
5,235 04
4,714 03
4,791 12
5,109 49
6.377 80
6,578 14
6,594 69
Gross Expenses per Mile
3,571 66
3,460 25
3,353 69
3,490 34
4,135 44
4,734 98
4,977 79
Net Earnings per Mile
1,663 38
1,253 78
1.437 43
1,619 15
2,242 36
1,843 16
1.616 90
Expenses to Earnings
68.23 p.c.
73.40 p.c.
70.00 p.c.
68.31 p.c.
6484 p.c
71.98 p.c.
75.48 p.c.
Aver, per Pass, per Mile
2.02 c.
1.95 c.
1.85 c.
1.84 c.
1.80 c.
1.94 c.
1.88 c.
Aver, per Ton per Mile
0.52 e.
0.48c.
0.47 c.
0.44 c.
0.44c.
0.45c.
0.45c.
fVimmnn Strwk , ,
$
6,500,000
S
6,500,000
S
6,500,000
S
6,500,000
$
6,500,000
1
6,500,000
*
6,500,000
Preferred Stock.
3,708,000
3,708,000
3,708,000
3,708,000
3,708.000
3,708,000
3,708,000
Bonded Debt
7,000,000
7,000,000
7,000,000
7,000,000
7,500,000
8,500,000
8,500,000
Car Trust Certificates.
363,206
261,641
186,775
383,152
259,772
1,091,249
1,196,904
Bills Payable
413240
565,044
722,619
735,110
711,880
572,305
Current Liabilities
543,614
585,480
455,971
427,231
740,435
683,988
910,680
Profit and Loss. . . .
588261
505,463
562,799
79,273
101844
241 473
Total Liabilities
19,116,311
19,125,628
19,136,164
18,832,766
18,708,207
21,296,961
21,629,362
CostofRoad
12 421,423
12,427,853
12,427,853
12,428,903
12,630,460
13,671,382
13 943,830
Equipment
2,657,260
2,657,260
2,680,710
2,439,510
1,815,435
2,923,023
3,110,545
Other Investments
3,400,978
3,399,971
3,404,229
3,401,138
3,235,286
3,609,658
3,306,087
Materials
107171
75696
92,776
83,939
186,573
154958
182,678
Cash and Cash Assets
529,479
564,848
530,596
479,276
739,925
937,940
1,086,222
Profit and Loss
100528
Total Assets
19,116,311
19,125,628
19,136,164
18,832,766
18,708,207
21,296.%!
21,629,362
6. General Balance Sheet, June 30, 1902.
Cost of Road . ... . $13,943,829 84
Cost of Equipment 3,110,545 44
Securities Owned 2,626.58649
T.&O.C. Common Stock in Treasury. . 604,500 00
St. Marys Div. 1st mtge. bds. in Treas. 75,000 00
Materials and Supplies :.'. 182,678 01
Current Accounts 402,453 55
Bills Receivable 478,52506
Unexpired Insurance 4,955 77
Accrued Interest Receivable 68321
Cash 199,60457
Total Assets $21,629,36194
Common Stock ($100 shares) $6.500,00000
Preferred Stock ( $100 shares) 3,708,000 00
Funded Debt Outstanding 8,500,000 00
Car Trust Notes $1,345,45506
Less Unearned Interest. . 148,551 52—1,196,903 54
Special Equip, and Betterment Loan. 572,304 69
Current Liabilities
Acer. Int. on Fund, and Guar. Debt. .
Bills Receivable Discounted
Accrued Taxes ,
Reserve Accounts ,
Profit and Loss ,
522,657 30
84,425 63
182,311 22
40,388 61
80.898 04
241,472 91
Total Liabilities $21,629,36194
380
390
POOR S MANUAL OF RAILROADS-
•KNTKAL NORTHERN GROUP.
7. Capital Stock. — The preferred stock has a prior right to surplus over fixed charges to
the extent of 5 p. c., or such other rate as can be paid, and after the payment of 5 p. c. on
common stock, is entitled to an additional preference of 2 p. c., both classes to share pro rata in
any excess after payment of 7 p. c. on total stock. (See MANUAL, for 1896, page 916.) It is pro-
vided that no mortgage except the first mortgage shall ever be put upon the property of the com-
pany without the written assent of a majority in interest of the preferred stockholders.
8. Funded Debt. — The funded debt on June 30, 1902 — total, $8,500,000, as per general
balance sheet — consisted of the following issues (additional particulars are in the Ready Refer-
ence Bond List — see General Index) :
$3,OOO,OOO 1st gold 5s of July 1, 1935. Secured
on the lines from Toledo to Bremen, O., 159.98 m. ;
New Lexington to Corning, O., 12.92 m. ; and
Thurston to Alum Creek, 24.37 m. ; a total of
197.27 miles. Also on the equipment, franchises
and property appertaining to those lines and not
acquired by issue of junior mortgage bonds. The
bonds carry voting power, one vote to every $100.
It is provided that the holders of one-fourth of
the bonds may require the trustee to have the
property inspected at any time, and put in good
condition if necessary.
f2,5OO,OOO Western Division 1st gold 5s of
Oct. 1, 1935. Secured as a second lien on the prop-
erty covered by the first mortgage and as a first
lien on the line from Toledo to Truro Junction,
139 miles, and on such additional property as
they were issued to acquire.
O. Guaranteed Bonds. — The company guarantees, both as to principal and interest, the
$2,469,000 4 p. c. bonds of the Kanawha and Michigan Ry. Co., $2,750,000 1st gold 5s of July 1,
1951, of the Kanawha and Hocking Coal and Coke Co., and $2,750,000 1st gold 5s of Feb. 1, 1952,
of the Continental Coal Co.
1O. Car Trust Obligation*. — The car trust obligations as of June 30, 1902, were in four
issues — No. 7, $154,293.98; No. 8, $381,299.23; No. 9, $217,004.05; No. 10, $444,306.28, draw-
ing interest at 5 p. c. per annum. Both interest and principal payable monthly — No. 7 till Sept.
7, 1905 ; No. 8 till Aug. 1, 1905 ; No. 9 till June 1, 1908, and No. 10 till Aug. 1, 1908. Series No.
7 covers 800 coal cars ; No. 8 covers 1,000 coal cars ; No. 9 covers 500 coal cars ; and No. 10
covers 1,000 coal cars.
11. Board of Directors, elected September 1, 1902.
92,OOO,OOO gen. gold 5s of June 1, 1936. Se-
cured on the entire property owned by the
company previous to the acquisition of the Col-
umbus and Northwestern Ry. (St. Mary's Divi-
sion), but subject in lien to the two prior mort-
gages.
f5OO,OOO St. Mary's Division 1st gold 4s of
Feb. 1, 1951. Secured on the line from Peoria to
St. Mary's, O., 61.13 miles ; also on the equip-
ment, franchises and property appertaining to
that line. Of the total issue as given bonds
amounting to $75,000 are held in the treasury of
the company.
f5OO,OOO St. Mary's Division 1st preferred in-
come gold 4s of Feb. 1, 1951. Secured as a second
lien on the property covered by the St. Mary's
Branch 1st mtge. bonds.
•" L. Blair New York, N. Y.
Charles Steele. .
Geo.M. Gumming.
N. Monsarrat Columbus, O.
Decmtur Axtell.. . Richmond, Va.
Stevenson Burke.. .Cleveland, O.
R. W. Hickox Cleveland, O.
Chas. G. Hickox. .
James H. Hoyt.. . .
DECATUR AXTELL, Chairman of the Board Richmond, Va.
N. MONSARRAT, President Columbus, O.
Charles G. Hickox, 1st V ice-President Cleveland, O.
J. M. Ferris, 2d V ice-President and Secretary Toledo, O.
t. to Pres. — James H. Hoyt Cleveland, O. | Treas. £ Asst. /Sec.— L. D. Kelley Toledo, O.
Auditor — J. Landgraf, Jr Toledo, O.
PRINCIPAL OFFICE AND ADDRESS Toledo, 0.
KANAWHA AND MICHIGAN EAILWAY COMPANY.
(Controlled by the Toledo and Ohio Central Ry.)
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 169.51 m.).
Northern Division : Corning, O., to Hobson, 0 57.05 miles.
South'n Div.: PL Pleasant,W.Va., to C. & O.Jc.,W.Va.(inc.Pt.Pleas.B'ge,2m.) 96.09 '
Buckingham Branch: Glouster, O., to Carrington, 0 11.17
Rmithers Creek Branch : Smithers to Stony and Raven, W. Va 5.20
B. TRACKAGE RIGHTS (total, 18.70 miles) :
Hocking Valley Ry. : Pomeroy to Gallipolis, 0 17.40
Hocking Valley Ry.: Armitage to Athens, 0 1.30 "
Total mileage, June 30, 1902 188.21 miles.
Less Buckingham Branch, owned but not operated 11.17
Total mileage operated, June 30, 1902 177.04 miles.
Sidings, 51.80 miles. Gauge, 4 ft. 8*/2 in. Rail (steel, 240.01 m.), 56 and 67 Ibs.
POOR S MANUAL — KANAWHA AND MICHIGAN RY. CO.
391
2. History. — Chartered April 23, 1890, as successor to the Kanawha and Ohio Ry.
Co. (See MANUAL for 1898, page 808.) The Buckingham Branch is leased to the
Columbus, Sandusky and Hocking and the Toledo and Ohio Central Ry. Cos., and its
operations are included in the statements for those companies. This company is con-
trolled by the Toledo and Ohio Central Ry. Co. through ownership of stock.
3. Rolling Stock, June 30, 1902. — Locomotives, 31. — Cars — passenger, 11; com-
bination, 4; baggage, 1; freight (box, 1,115; gondola, 2,955; dump, 50), 4,120; other,
41 — total cars, 4,177.
4. Operations, year ending June 30, 1902 (177.04 m.).— Train mileage— passen-
ger, 295,395; freight, 481,545 — total, 776,940 miles. Passengers carried, 340,120; carried
one mile, 7,420,802; average mile rate, 2.33 cents. Tons freight moved, 1,662,592;
moved one mile, 191,937,896; average ton-mile rate, 0.461 cent.
Earnings— Passenger $176,525 89
Coal Freight 490,61684
General Freight 398,112 10
Mail, Express and Other 31,104 16
Total ($6,192.72 per mile) $1,096,35899
Expenses — Maintenance Way and Struc. $233,421 11
Maintenance of Equipment... 144,32168
Conducting Transportation... 450,160 27
General Expenses 24,301 17
Total ($4,813.63 per mile) $852,20423
Net earnings (22.27 p. c.), $244,154.76; rental, Buckingham Branch, $6,800; other
income, $348.33— total, $251,303.09. Payments: Interest accrued on funded debt (1st
mtge. bonds, $98,760; car trusts, $14,446.51), $113,206.51; other interest, $27,587.65;
taxes, $34,154.13— total, $174,948.29. Surplus, $76,354.80; surplus forward ($5,162.38,
less uncollectible accounts written off, $8.40), $5,153.98— total surplus June 30, 1902,
$81,508.78.
5. General Balance Sheet, June 30, 1902.
Cost of Road '. $9,687,046 56
•Betterments to Road and Property. . 98,760 88
Cost of Equipment 2,206,515 67
Point Pleasant Bridge Bonds 2,000,000 00
Capital Stock in Treasury 1,000,00000
Material and Supplies 95,25158
Current Assets 33,54278
Unexpired Insurance 2,20064
Cash 20,43178
Total Assets $15,143,749
Capital Stock $10,000,00000
Funded Debt Outstand. (see Sec. 6).. 2,469,000 00
Car Trust Notes $1,634,81476
Less Unearned Interest. . . 16,906 10—1,617,908 66
Special Equip, and Betterment Loan. 575,000
Current Liabilities 332,303 19
Accrued Interest and Accrued Taxes. 42,990 69
Reserve Funds 25,03857
Profit and Loss 81,508 78
Total Liabilities $15,143,749
* The item of " Betterments to Road, etc.," represents extraordinary rail and tie renewals
during the year to be charged to expenses in subsequent years.
6. Funded Debt. — The funded debt consists of 1st gold 4s of April 1, 1990, secured upon
all of the property, rights and franchises of the company, including the Point Pleasant Bridge,
but not including the Raleigh County Coal Lands. The bonds are guaranteed by the Toledo and
Ohio Central Ry. Co., both as to principal and interest, the guaranty being endorsed on each
bond. Additional bonds may be issued for extensions and branches, at the rate of $15,000 per
mile.
7. Car Trust Obligations. — The car trust obligations are in three series, bearing in-
terest at the rate of 5 p. c. per annum — Series 1, $94,448.48, balance of $189,810 issued Nov. 7,
1899, principal and interest payable monthly till 1904 ; series 2, $148,460.18, balance of $248,640
issued May 1, 1900, principal and interest payable monthly for five years ; series 3, $1,375,000
Issued May 1, 1902, principal and interest payable semi-annually for ten years. Series No. 1
covers 350 gondola cars and 50 side dump cars, No. 2 covers 777 box cars, and No. 3 covers 2,500
gondola cars.
8. Directors (elected June 5, 1902).— Charles Steele, George M. Gumming, New
York, N. Y.; Charles H. Roberts, Oakes, N. Y; Stevenson Burke, Charles G. Hickox,
R. W. Hickox, James H. Hoyt, Cleveland, O. ; N. Monsarrat, Columbus, O. ; Decatur
Axtell, Richmond, Va.
DECATUR AXTELL, Chairman of the Board Richmond, Va.
N. MONSARRAT, President - Columbus, 0.
R. W. Hickox, 1st V 'ice-President Cleveland, 0.
J. M. FERRIS, 2d V ice-President and Secretary Toledo, 0.
A«»t. to Pres. — F. B. Sheldon Columbus, O. ' Treas. & Asst. Sec. — L. D. Kelley Toledo, O.
Auditor — John Landgraf, Jr Toledo, O.
PRINCIPAL OFFICE AND ADDRESS Toledo, O.
392
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
ILLINOIS CENTRAL RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Advances on Other RR.'s..3-12
Balance Sheets, 1896-1902 13
Capital Stock, Increase 7
Charter Tax 6
Construction Advances 3-12
Contracts and Agreements... 2
Cost of Road, etc., Details... 14
Directors and Officers 16
Dividends since 1855 6
Earnings, Expenses, etc 5
Funded Debt, Details 10
Gen. Bal. Sheet, June 30, 1902. 8
History 3
Income Acct, June 30, 1902... 5
Income Acct, 1896-1902 14
Income from Investments 5a
Interest on Bonds, Details. . . 6b
Leased Lines, Statements for. 15
Leased Line Stock 9
Lines of Road Operated la
Mileage and Equip., 1836-1902. 13
Mileage Operated 1
Operations and In., 1896-1902. 13
Ownership of System 3
Payments in Detail 5b
Rentals Paid, Details 5b
Rolling Stock, June 30, 1902. . 4
Securities Owned, Details 11
Track, and Traffic Contracts. 2
1. Mileage Operated, June 30, 1902.
Main Line: Chicago, 111., to Cairo, 111 364.73 miles.
Omaha Division: Chicago, 111., to Council Bluffs, la 511.60 "
A'etc Orleans Division: Cairo, 111., to New Orleans, La 547.79 "
Louisville Division: Memphis, Tenn., to Louisville, Ky 398.12 "
Other lines owned or leased, operated in the system 2,461.66 "
Total length of lines operated, June 30, 1902 4,283.90 miles.
2d and additional main tracks, 535.25 m. ; sidings, etc., 1,369.98 miles. Gauge, 4 ft. 8y2 in.
Rail (steel), 50 to 100 Ibs.; average, 70.56 Ibs.
la. Lines of Road Operated. — The following is a detailed statement of the lines
comprised in the Illinois Central system on June 30, 1902:
Illinois Central HR. and Roads Author-
ized by Stockholders, Oct. 15, 19O2, to
be Consolidated with Illinois Central
RR.
Illinois Central RR. : Miles.
Centralia, 111., to Dubuque, la.... 364.73
Chicago Div., Chicago to Cairo, 111. 340.77—705.50
Litchfleld Div., Springfield to East
St. Louis, 111 97.59
Evansville Div., Mattoon, 111., to
Evansville, Ind 128.60
New Harmony Br., Stewartsville to
New Harmony, Ind 6.33
Chicago, Madison and Northern RR. :
Chicago, 111., to Madison, Wis 173.94
Red Oak, 111., to Dodgeville, Wis.. 57.36—231.30
The Kankakee and Southwestern RR. :
Otto to Normal Junction, 111 79.46
Buckingham to Tracy, 111 10.00
Saxony to Minonk Junction, 111.... 41.80—131.26
Chicago and Springfield RR. :
Oilman to Springfield, 111 111.47
St. Louis, Alton and Terre Haute RR. :
East St. Louis to Belleville, 111.... 14.40
East Carondelet to Belleville, 111.. 17.30
Belleville to Eldorado, 111 106.60
Pinckneyville to Brookport, 111. . . 100.74—239.04
Chicago, Havana and Western RR. :
Champaign to Havana, 111 100.58
White Heath to Decatur, 111 31.04—131.62
Rantoul RR. :
Le Roy, 111., to West Lebanon, Ind. 74.43
The Mound City Ry. :
Mounds to Mound City, 111 2.87
Chicago and Texas RR. :
Johnson City to East Cape Girar-
deau, 111 72.70
McClure to Gale, 111 6.00
Murphysboro to Texas June., 111... 1.00 — 78.70
Illinois and Indiana RR. :
Efflngham, 111., to Switz City, Ind. 88.51
Total 2,027.22
Leased Lines t Miles.
South Chicago RR. :
Parkside to South Chicago, 111.... 4.76
Blue Island RR. :
Kensington to Blue Island, 111 3.96
Peoria, Decatur and Mattoon RR. :
Pekin to Mattoon, 111 102.76
Peoria and Pekin Union Ry. :
Trackage, Pekin to Peoria, 111 12.97
Dubuque & Sioux City RR. :
Dubuque to Sioux City, la 326.58
Onawa, la., to Sioux Falls, S. D. . 155.58
Cedar Rapids to Manchester, la.. 41.85
Mona June., la., to Lyle, Minn 75.97
Tara to Council Bluffs, la 131.02—731.00
Stacyville RR. :
Near Lyle, Minn., to Stacyville, la. 7.93
Albert Lea & Southern RR. :
Lyle to Glenville, Minn 18.59
Chic., St. L. & New Orleans RR. :
Cairo, 111., to Canton, Miss 341.03
Canton, Miss., to New Orleans, La. 206.76
Memphis Div.,Gren. to Mem.,Tenn. 100.00
Durant to Kosciusko, Miss 17.20—664.99
Memphis, Tenn., to Louisville, Ky. 398.12
Owensboro to Horse Branch, Ky... 42.16
Evansville, Ind., to Hopkinsv., Ky. 128.94
Blackford to Dixon, Ky 18.40
Morganfleld to Uaiontown, Ky 7.50
Do Koven, Ky., to Ohio River 2.00—697.12
Hodgenville and Elizabethtown Ry. :
Hodgenville to Elizabethtown, Ky. 11.10
Troy and Tiptonville RR. :
Moffat to Troy, Tenn 4.60
Canton, Aberdeen & Nashville RR. :
Aberdeen to Kosciusko, Miss 89.06
Canton, Aberdeen & Nashville RR. in Ala. :
Winfleld to Brilliant, Ala 7.84
Total Leased Lines 2,256.68
Grand Total 4,283.90
2. Trackage and Traffic Contracts.— The branch of the Chicago, St. Louis
and New Orleans RR. from Evansville to Hopkinsville includes 20.70 miles,
from Princeton to Gracey, Ky., leased from the Louisville and Nashville RR. Co. at a
POOR'S MANUAL — ILLINOIS CENTRAL RR. CO. 393
rental of $12,039.70 per annum. The tracks of the Kansas City, Memphis and Birming-
ham RR. are used between Aberdeen, Miss., and Winfield, Ala., to connect the Canton,
Aberdeen and Nashville RR. in Alabama with the Canton, Aberdeen and Nashville RR.
The company has a contract with the Nashville, Chattanooga and St. Louis Ry. Co. for
the interchange of freight and for the right of either company to run through passenger
trains over the lines of the other without change. Under agreements with the Mobile
and Ohio RR. Co., the single track railroads of that company and the Chicago, St. Louis
and New Orleans RR. Co., which parallel each other from the Cairo Bridge southward
for six miles, are used jointly by the two companies as a double track railroad, and the
Mobile and Ohio RR. Co. has the right until 1930 to run its trains over the Cairo Bridge
at a fixed minimum rent, with provision for increased rent as its use of the bridge
grows. Entrance into Omaha, Neb., is secured under a contract with the Omaha Bridge
and Terminal Ry. Co., which grants the use of that company's bridge over the Missouri
River and of its terminals in Council Bluffs and in Omaha. The company also has the
use of the new Union Passenger Station in Omaha, and of the tracks leading to it, under
arrangements with the Union Pacific RR. Co.
3. History. — Chartered February 10, 1851; road opened throughout, 705.50 miles,
Sept. 27, 1856. A record of progress of construction is in the MANUAL for 1889, page 440,
and a sketch of the history of the company, from its organization to the close of the year
1896, is in the MANUAL for 1897, page 453 et seq. Later developments are recorded in sub-
sequent editions of the MANUAL.
Additional Mileage Acquired. — Until about three years ago the Illinois Central RR.
Co. was vested with the direct title to no more of the system than the 705.50 miles first
built. The Litchfield Division, formerly a part of the St. Louis, Peoria and Northern
Ry., was purchased as of Oct. 1, 1900, and at about the same time the company ac-
quired the ownership of the Indiana division of the former Peoria, Decatur and Evans-
ville Ry., extending from State Line to Evansville with branch to New Harmony, to-
gether 37.66 miles. The Evansville and Mattoon RR., from State Line to Mattoon, 111.,
97.27 miles, which also was formerly a division of the Peoria, Decatur and Evansville
Ry., was acquired by deed in or about Oct., 1901. At the close of the year ending
June 30, 1902, by reason of these acquisitions, the Illinois Central RR. Co. held the
direct ownership of 938.02 miles of road, as shown in Section la. The consideration
paid for the Litchfield Division was $3,000,000 in 3 p. c. bonds secured by mortgage
upon the property. The cost of it is included in cost of railroad and equipment as per
general balance sheet. The cost of the line from Mattoon to Evansville and of the New
Harmony Branch is not included in that item in the general balance sheet of June 30,
1902, but in the amount advanced on account of the Peoria Division as shown in Sec-
tion 12.
Further Acquisitions Authorized. — The rest of the system, although practically owned,
is operated under leases from the several companies named in Section la. In order
to simplify the organization by diminishing the number of subsidiary corporations, the
acquisition of the following railroads was authorized at the annual meeting of the
stockholders, held Oct. 15, 1902: Chicago, Madison and Northern RR., 231.30 miles;
the Kankakee and Southwestern RR., 131.26 miles; Chicago and Springfield RR., 111.47
miles; St. Louis, Alton and Terre Haute RR., 239.04 miles; Chicago, Havana and West-
ern RR., 131.62 miles; Rantoul RR., 74.43 miles; the Mound City Ry., 2.87 miles; Chicago
and Texas RR., 78.70 miles; Illinois and Indiana RR., 88.51 miles; and Riverside and
Harlem RR., 2.17 miles.
The Riverside and Harlem RR. extends from Parkway to a connection with the
Wisconsin Central RR. in Cook County, 111. It had not been put in operation on June
30, 1902. The cost of it to that date, advanced by the Illinois Central RR. Co.,
amounted to $204,329.43.
Leased Lines. — As stated before, the Illinois Central RR. Co. practically owns the
394
POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
entire system which it operates. Only in the Peoria, Decatur and Mattoon RR. Co., the
Dubuque and Sioux City RR. Co., the Hodgenville and Elizabethtown Ry. Co. and the
Troy and Tiptonville RR. Co. may there be said to be minority interests not controlled
by the Illinois Central RR. Co. For this reason separate statements are not published
in the MANUAL for any of the leased lines except the four named (see Sec. 15.) As
the affairs of the subordinate companies are wholly controlled by the Illinois Central
RR. Co., and as that company refuses to furnish any information other than that con-
tained in its annual reports, recourse has been had to the reports of the several State
Boards for much of the information given in Section 15.
On December 3, 1901, the Kentucky Western Ry., from Blackford to Dixon, Ky.,
was bought for account of the Chicago, St. Louis and New Orleans RR. Co., the consid-
eration being $300,000 in 3j^ per cent. Louisville Division bonds. On the 19th of the
same month the Illinois Central RR. Co. exercised the option acquired with the lease of
the Cecilia Branch from the Louisville and Nashville RR. Co., to purchase that branch
for $1,000,000. Title was taken in the name of the Chicago, St. Louis and New Orleans
RR. Co., and that company has issued its obligation to the Illinois Central RR. Co. for
the money thus advanced. When certain bonds of the Louisville and Nashville RR. Co.,
which are secured by mortgage upon the Cecilia Branch, shall have been retired, and the
mortgage securing them discharged, it is expected that the obligation of the Chicago,
St. Louis and New Orleans RR. Co. will be liquidated by the issue of $1,112,000 Louis-
ville Division bonds reserved for that purpose.
Advances on Account of Other Railroads. — As shown in detail in Section 14, the
amount advanced on account of other railroads down to June 30, 1902, was $6,814,088.75.
The advances made during the year amounted to $193,199.48. These sums represent
cash advanced, without including interest, or any allowance for the transportation of
materials over the Illinois Central RR., or for the use of its equipment. The sum of
$67,936.58 has been advanced on account of the construction of the St. Louis and Ohio
River RR., designed to extend from Grantsburg to Golconda on the Ohio River, a dis-
tance of about 18 miles. This railro'ad lies wholly in Illinois, and is estimated to cost
$300,000. Advances amounting to $15,634.10 have also been made for the construction
of the Mounds and Olive Branch EE. This line will be 20.5 miles long, extending from
Mounds to Olive Branch, 111., and is estimated to cost $485,614. At Olive Branch con-
nection will be made with the Chicago and Eastern Illinois RR., and a contract has been
made for the joint use of 9 miles of that road, from Olive Branch to Thebes, 111.
4. Rolling Stock, June 30, 1902. — Locomotives, 947. Cars — passenger and chair,
400; cafe dining, 10; dining and parlor, 2; buffet library, 8; smoking, 64; baggage and
smoking, 24; baggage, mail, and express, 141; postal (3 owned jointly), 38; old cars, 21;
freight (box, 21,095; stock, 946; fruit, 975; refrigerator, 1,607; flat, 2,259; coal, 14,943),
41,825; service, 1,081— total, 43,614.
5. General Income Account, year ending June 30, 1902.
Earnings —Passenger 18,020,648 67
Freight 27,710,782 42
Mail and Express 1,539,070 07
Miscellaneous 3,550,528 96
Total ($9,546.03 per mile) $40,821,03012
Expenses — Maint. Way and Struct $5,649,643 19
Maintenance of Equipment. 5,309,786 63
Conducting Transportation 14,442,267 53
General 846,42561
Total ($6,138.15 per mile) $26,248,12286
Net Earnings (35.70 p. c.) $14,572,90720)
Net Receipts from Land Sales 16,697 24
Fnvestin'ts and Miscellaneous Profits 3,535,108 66
Surplus Dividend Fund, June 30, 1901. 1,088.486 92
Total $19,213,200 08
Taxes, Rents, Int. and Sink. Fund... $8,988,581 08
Dividends (6 p. c.) 4,752,00000
Betterments 4,340,172 08
Surplus Div. Fund, June 30, 1902. . . . 1,132,446 92
Total $19,213,200
5n. Income from Investments and Miscellaneous Profits. — Interest on money
loaned (net) $401,890.75; interest on bonds owned, $2,716,456.96; dividends on shares owned,
$130,399; interest on securities in surplus dividend fund, $43,960; sterling exchange, $8,683.58;
premium on Illinois Central RR. Co. stock not subscribed for by stockholders, $225,022.87 ; pre-
mium on bonds sold, $1,540; sundry profits, $7,155.50; interest on bonds pledged as security
POOR'S MANUAL — ILLINOIS CENTRAL RR. CO. 395
for 4 p. c. gold bonds of 1952 (total amount, $817,500; included above in "Interest on bonds
owned," $336,500; leaving net), $481,000; South Chicago RR. Co. 5s, $10,000; interest on
note of Canton, Aberdeen and Nashville RR. Co. given for bonds cancelled, $12,500 — total, $4,038.-
608.66. Deduct fixed charges of subsidiary lines written off, $503,500. Balance as per Income
account, $3,535,108.66.
5b. Details of payments from net income, year ending June 30, 1902:
Proportion of Gross Receipts paid the State of Illinois as required by
Charter $911,365 85
Other Taxes, Including Federal War Taxes 854,851 37 — $1,766,217 22
Interest on Funded Debt and Bonds drawn for Sinking Fund (total $3,065,365) :
Sterling Sinking Fund 5 p. c. Bonds, $3,200,000 for 6 mos. and $3,150,000 for
6 mos 158,750 00
Sterling Bonds, extended at 4 p. c. interest, $2,500,000 for 12 mos 100,000 00
Sterling 5 p. c. bonds of 1905, $1,000,000 for 12 mos 50,000 00
Sterling 3 p. c. Bonds, $2,500,000 for 12 mos 75,000 00
Gold 4 p. c. Bonds, $1,500,000 for 12 mos 60,000 00
Gold 3 J p. c. Bonds, $2,499,000 for 12 mos 87,465 00
K. & S. W. RR. 5 p. c. Currency Bonds, $968,000 for 12 mos 48,400 00
Springfield Division 3J p. c. Gold Bonds, $2,000,000 for 12 mos 70,000 00
Western Lines 4 p. c. Gold Bonds, $5,425,000 for 12 mos 217,000 00
Cairo Bridge 4 p. c. Bonds, $3,000,000 for 12 mos 120,000 00
Gold 4 p. c. Bonds of 1952, $15,000,000 for 12 mos 600,000 00
Sterling 3i p. c. Bonds, $5,266,000 for 12 mos 184,310 00
Gold 4 p. c. Bonds of 1953, $25,000,000 for 12 mos 1,000,000 00
Omaha Division 3 p. c. Gold Bonds, $5,000,000 for 12 mos 150,000 00
Litchfleld Division 3 p. c. Gold Bonds, $3,148,000 for 12 mos 94,440 00
Sterling Sinking Fund Bonds of 1903 drawn for payment 50,000 00
Rent of C., St. L. & N. O. RR. (total, $2,421,089.70) :
Interest on $80,000 2d Mtge. 6 p. c. Currency Bonds, for 12 mos 4,800 00
Interest on $16,555,000 Gold 5 p. c. Bonds, for 12 mos 827,750 00
Interest on $1,359,000 3J p. c. Gold Bonds, for 12 mos 47,565 00
Interest on $3,500,000 Memphis Div. 4 p. c. Gold Bonds, for 12 mos ' 140,000 00
Interest on $3,000,000 5 p. c. Gold Bridge Bonds, for 12 mos 150,000 00
Interest on $21,388,000 Louisville Div. 3J p. c. Gold Bonds, for 12 mos 748,580 00
Interest on $10,000,000 Leased Line Stock, 4 p. c. for 12 mos 400,000 00
For Account of Cairo Bridge Contingent Fund, Dec. 1, 1902 $15,000 00
Sinking Fund of Cairo Bridge Bonds, June 1, 1902 10,000 00
Trust Fund for C., St. L. & N. O. RR. Co., June 1, 1902 5,000 00— 30,000 00
Salaries of Trustees and Others 3,967 68
Rent for Cecilia Branch 48,548 39
Rent of line from Princeton to Gracey 12,039 70
Rent of D. & S. C. RR., including $46,733.60 Sink. Fd. on " West
Lines" Bonds 872,16095
Less Interest on Western Lines, 4 p. c. Gold Bonds,
as above $217.00000
Less Interest on Omaha Division 3 p. c. Gold Bonds,
as above 150,000 00— 367,000 00 505,160 96
Rent of St. Louis Division (St. L., A. & T. H. RR) :
Interest on Prior Lien Bonds, rent of Leased Lines, etc $66,132 24
Interest on $4,939,925 St. Louts Div. 3 p.c.Gold Bonds, for 12 mos. 148,197 76
Interest on $8,377,000 St. Louis Div.31 p.c. Gold Bonds, for 12 mos. 293,195 00 — 507,525 00
Rent of Peoria Division 76,73234
Dividend, March 1, 1902, 3 p. c. on $79,200,000 00 $2,376,000 00
Dividend, Aug. 30, 1902, 3 p. c. on $79,200,000 00 2,376,000 00 — 4,752,000 00
Set apart from Income to meet Interest Accrued to June 30, 1902,
but payable at various dates later than July 1, 1902 — Ou Bonds
of Illinois Central RR. Co $593,291 68
On Bonds of C., St. L. & N. O. RR. Co 61,038 12 — 654,329 80
Set apart from Income for Betterments 4,340,172 08
Total of Payments from Net Income $18,080,753 16
6. Charter Tax. — The charter of the company reserved to the State of Illinois, in
lieu of taxes, 7 p. c. of the gross receipts of the 705.50 miles of road originally built
thereunder. The other portions of the railroad, both in Illinois and elsewhere, are taxed
in accordance with the laws of the Several States. The total amount paid to the State
of Illinois under the provisions of the original charter, from the opening of the road,
in 1855, to June 30, 1902, was $20,254,099.37. Out of the earnings of the company dur-
ing the same period the stockholders received $106,998,861.59 in cash dividends. A
statement showing the amount of capital stock outstanding at the close of each fiscal
year from the time the original shares became fully paid, until June 30, 1897, together
with the amounts and rates per cent, of dividends paid in every such year, is in the
MANUAL for 1898, page 470.
7. Capital Stock — At a meeting of the stockholders, held Aug. 29, 1902, the capital stock
was increased to $95,040,000, the $15,840,000 of additional stock being authorized to be issued
on and after Dec. 2, 1902, and the proceeds used " for the purpose of faying for, constructing,
completing, improving, or maintaining the lines of the Illinois Central RR. Co."
396
POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
8. General Balance
Railroad and Equipment $164,852,19400
Real Estate 313,520 68
Stocks Owned 6,096,61545
Bonds Owned 40,128,51496
Materials and Supplies 2,034,27874
Cash and Current Assets 10,730,87994
Advances Acct. RRs. in Construct'n 6,814,088 75
Assets in Insurance Fund 1,338,777 23
Assets in Surplus Dividend Fund. . . 1,132,446 92
Assets in Pension Fund 250,00000
Total Assets $233,691,316 67
Sheet, June 30, 1902.
Cap. Stk., I. C. RR. Co. ($100 shares) $79.200,000 00
Leas. Line Stk. of 111. Cent. RR. Co. 10,000,000 00
Funded Debt, II!. Central RR. Co.. 112,961,92500
Funded Debt, C., St. L. & N. O. RR. 16,234,000 00
Betterment Funds 363,39694
Current Liabilities 6,823,810 46
Dividend Payable Aug. 30, 1902 2,376,000 00
Insurance Fund 1,338,77723
Surplus Dividend Fund 1,132,44692
Pension Fund 250,00000
Profit and Loss Account 3,010,96012
Total Liabilities $233.691,316 67
1». Leaved Line Stock. — Secured by deposit in trust of an equal amount of stock of the
Chicago, St. Louis and New Orleans RR. Co., in exchange for which it was issued. (See MANUAL
for 1897, page 457). Dividends are guaranteed at the rate of 4 p. c. per annum, payable Jan. 1
and July 1, and in case of default for sixty days in any semi-annual payment the holders of the
certificates will be entitled to the stock pledged.
1U. Funded Debt. — The funded debt of the Illinois Central RR. Co. and of the Chicago, St.
Louis and New Orleans RR. Co. outstanding on June 30, 1902 — total, $129,195,925, as per gen-
eral balance sheet — consisted of the several issues of bonds, listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto sub-
Joined to the statement; and the details of funded debt outstanding on or about Aug. 1, 1903, will
be found in the Ready Reference Bond List — see General Index :
Illinois Central Bonds ($112,961,925).
$2,500,000 1st £ 4s of April 1, 1951 (ext.).
3,150,000 1st £ s. f. 5s of April 1, 1903.
1,000,000 1st £ 5s of Dec. 1, 1905.
2,500,000 1st £ 3s of Mar. 1, 1951.
1,500,000 1st gold 4s of Jan. 1, 1951.
2,499,000 1st gold 3*s of Jan. 1, 1951.
968,000 K. & S. W. RR. 1st 5s of Aug. 1, 1921.
2,000,000 Spring. Div. 1st gold 3$s of Jan. 1, 1961.
5,425,000 Western Lines gold 4s of Aug. 1, 1951.
4,939,925 St. L. Div. gold 3s of July 1, 1951.
8,377.000 St. Louis Div. gold 3is of July 1, 1951.
21,688,000 Louisville Div. gold 3Js of July 1, 1953.
3,000,000 Cairo Bridge gold 4s of Dec. 1. 1950.
$15,000,000 Trust gold 4s of April 1, 1952.
5,266,000 Trust £ 3Js of July 1, 1950.
25,000,000 Trust gold 4s of Nov. 1, 1953.
5,000,000 Omaha Div. gold 3s of Aug. 1, 1951.
3,148,000 Litchfleld Div. gold 3s of Jan. 1, 1961.
1,000 Past Due 7 p. c. Bond of April 1, 1875.
C., St. L. & N. 0. Bonds ($16,234.000).
$80,000 2d 6s of Dec. 1, 1907.
*16,555,000 Consol. gold 5s of June 15, 1951.
1,359,000 Consol. gold 3Js of June 15, 1951.
3,500,000 Memphis Div. gold 4s of Dec. 1, 1951.
*3,000,000 Cairo Bridge gold 5s of Dec. 1, 1950.
6,000 Past Due Bonds, 1881 to 1886.
• The Illinois Central RR. Co. owns $5,266,000 of the consol. mtge. bonds and the entire
$3,000,000 of Cairo Bridge bonds, and has deposited them as security for two of its own issues.
Amount of bonds outstanding, $16,234,000, as per general balance sheet.
ADDITIONAL PARTICULARS RESPECTING ILLINOIS CENTRAL BONDS.
First Mortgage Bonds. — The 4 p. c. sterling bonds of 1951 were extended from April 1, 1895.
the interest being reduced from 6 p. c. to 4 p. c. and new coupons attached to the bonds. These
bonds, the 5 p. c. sterling bonds of 1905, the sterling sinking fund 5s of 1903, the 3 p. c. sterling
bonds of 1951, the 4 p. c. 1st mtge. bonds of 1951, and the 3J p. c. 1st mtge. bonds of 1951 are
equally secured by a mortgage dated Aug. 10, 1874, covering the main line of railroad from
Chicago to Cairo, and from Centralia to East Dubuque, 705.50 m., executed in favor of the
United States Trust Co., as trustee. The amount authorized and issued under this mortgage is
$15,000,000; retired by sinking fund and cancelled, $1,851,000.
Kankakee and Southwestern RR. Bonds. — Secured on the Kankakee and Southwestern RR.,
131.62 miles, as per mileage statement. The amount authorized is $1,000,000.
Springfield Division Gold Bonds. — Secured on the Chicago and Springfield RR. 111.47 miles.
Western Lines Gold Bonds. — The bonds outstanding are a lien on the main line of the Du-
buque and Sioux City RR. from Dubuque to Iowa Falls, la., 142 miles, and on the branch from
Cedar Falls to Lyle, 75.58 miles. The authorized issue is $10,000,000, but the remaining $4,575,000
of bonds can be issued only when the, line from Iowa Falls to Sioux City, la., 183 miles, is freed
of all other liens and subjected to this mortgage. Secured upon that mileage there are outstanding
$2,800,000 ($3,000,000 auth.) 1st mtge. 7 p. c. 48-yr. $500 and $1,000 bonds, issued by the old
Iowa Falls and Sioux City RR. Co., which will mature Oct. 1, 1917.
St. Louis Division and Terminal First Mortgage Gold Bonds. — These are authorized to the
amount of $15,000,000, of which $5,000,000 bear 3 p. c. interest, and the remaining $10,000,000
bear 3| p. c. interest. Of the 3 p. c. bonds, $4,939,925 were outstanding on June 30, 1902, and
$60,075 were reserved to take up outstanding shares of t*e St. Louis, Alton and Terre Haute RR.
Co. Of the 31 p. c. bonds, sufficient are reserved for the retirement of outstanding underlying
securities of the old companies. (See MANUAL for 1898, page 478.) Particulars as to the under-
lying bonds yet outstanding are not obtainable, the company refusing to supply any information
not contained in its annual reports. The bonds are issued under a Joint mortgage, dated Sept. 15,
1897, executed by the St. Louis, Alton and Terre Haute and the Illinois Central RR. Cos. to the
United States Trust Co., of New York, and John A. Stewart, as trustees, covering the entire
property now owned by the St. Louis, Alton and Terre Haute RR. Co. or which may be acquired
hereafter by issue of any bonds secured by this mortgage, subject, however, to the liens of the
underlying bonds referred to before.
Louisville Division and Terminal First Mortgage Gold Bonds. — These are secured by a Joint
mortgage, dated Sept. 15, 1897, executed by the Chicago, St. Louis and New Orleans and the Illinois
Central RR. Cos., and covering, besides the railway comprising the Louisville Division, the ter-
minals In Louisville and Memphis, and other lands used in connection with those railways. The
amount authorized is $25,000,000, of which $1,112,000 are reserved for the purchase of the
Cecilia Branch (see Sec, 3 under the caption "Leased Lines") and the remaining $2,200,000 for
future acquisitions.
Cairo Bridge Gold Bonds. — These Illinois Central bonds are a first lien on the Illinois ap-
POOR'S MANUAL ILLINOIS CENTRAL RR. CO. 397
proacb to the Cairo bridge, and are additionally secured by deposit of an equal amount of C., St. L.
& N. O. RR. 5 p. c. Cairo Bridge Bonds of 1890-1950.
Trust Gold Fours of 1952. — Tbese are secured by deposit of 1st mtge. bonds of subsidiary lines
as follows: Canton, Aberdeen and Nashville RR. (87.89 m.) 1st mtge. 5 p. c. 65-yr. bonds of June
1, 1952, $1,750,000 ; Yazoo and Mississippi Valley RR. (140.36 m.) 1st mtge. 5 p. c. 65-yr. bonds of
June 1, 1952, $2,800,000; Chicago, Havana- and Western RR. (131.62 m.) 1st mtge. 5 p. c. 40-yr.
bonds of Dec. 1, 1926, $2,500,000 ; Chicago, Madison and Northern RR. (225.11 m.) 1st mtge. 5 p. c.
bonds of Dec. 1, 1935, $4,370,000; Rantoul RR. (74.43 m.) 1st mtge. 5 p. c. 40-yr. bonds of June
1, 1927, $1,000,000 ; Cherokee and Dakota RR. (155.58 m.) 1st mtge. 5 p. c. bonds of Dec. 1, 1935,
$3,100,000; Cedar Rapids and Chicago RR. (41.85 m.) 1st mtge. 5 p. c. bonds of Dec. 1, 1935,
$830,000 — total, $16,350,000; annual interest, $817,500. This interest is collected by the Illinois
Central and credited to Income from Investments and Miscellaneous Profits.
Trust Sterling Coupon Bonds. — The 3J p. c. sterling bonds of 1950 are secured under a trust
agreement, dated July 21, 1886, between the railroad company and the United States Trust Co. of
New York. They are part of an authorized issue of $5,352,000, interest not to exceed 4 p. c. The
bonds are secured by deposit of an equal amount of 5 p. c. gold bonds of the C., St. L. & N. O. RR.
Co., secured under its mortgage of March 15, 1881, which are to be delivered to the holders of the
3J p. c. bonds in case of default. In the trust agreement it is provided that no mortgage shall be
made on the Illinois Central RR., or the C., St. L. & N. O. RR., until the 31 p. c. bonds are
secured by a mortgage on those roads.
Trust Gold Fours of 1953. — Secured by deposit of bonds of the Louisville, New Orleans and
Texas Ry. (798 m.) as follows: $16,832,000 (entire issue) 1st gold 4s of Sept. 1, 1934; $9,104,000
(entire issue) 2d cumulative income 5s of Sept. 1, 1934; and $9,904,000 (out of $10,000,000) land
grant non-cumulative income 6s of Sept. 1, 1934 — total, $35,840,000 (out of $35,936,000) ; annual
interest, $1,722,720.
Omaha Division First Mortgage Gold Bonds. — Secured on the Omaha Division of the Dubuque
and Sioux City RR., from Tara to Council Bluffs, la., 131.02 miles.
Litchfield Division First Mortgage Gold Bonds. — Secured on the line from Springfield to East
St. Louis, 111., 97.59 miles. The amount authorized is $4,000,000, the unissued bonds being re-
served for betterments, etc.
ADDITIONAL PARTICULARS RESPECTING C., ST. L. & N. O. BONDS.
Second Mortgage Bonds. — Secured on the line from East Cairo, Ky., to New Orleans, La.,
547.30 m., and branch from Durant to Kosciusko, Miss., 18.86 miles.
Consolidated Mortgage Gold Bonds. — Secured on the same road, but subject in lien to the 2d
mtge. bonds. The authorized issue is $18,000,000, a sufficient amount being reserved to discharge
prior liens. Interest is payable June 15 and Dec. 15, and is guaranteed by the Illinois Central RR.
Co., the guaranty being endorsed upon each bond. Of the $16,555,000 5 p. c. bonds, $5,266,000 are
owned by the Illinois Central RR. Co. and pledged to secure £1,053,200 of 31 p. c. sterling bonds
of 1950, leaving only $11,239,000 actually outstanding in the hands of the public.
Memphis Division Gold Bonds. — Secured on the line from Memphis, Tenn., to Grenada, Miss.,
100.49 miles. The bonds are guaranteed by the Illinois Central RR. Co., by endorsement on each
bond.
Cairo Bridge Gold Bonds. — Secured on the Cairo Bridge and approaches, 2.27 miles. The
bonds are all owned by the Illinois Central, and are pledged as security for that company's 4 p. c.
Cairo Bridge Bonds.
11. STOCKS AND BONDS OWNED, AND BOOK VALUH OF SAME, JUNE 30, 1902.
Stocks Owned— Par Value. Book Value.
Illinois Central RR. Co. Stock and Scrip $50,032 50 $45,849 50
Chicago, St. Louis & New Orleans RR. Co .- 10,200 00 10,200 00
Dubuque & Sioux City RR. Co 9,939,100 00 5,966,759 95
Mississippi Valley Co 300,000 00 43,125 00
Chicago A Springfield RR. Co 25,000 00 25,000 00
St. Louis, Alton A Terre Haute RR. Co 10,000 00 5,625 00
Other Stocks 14,025 00 56 00
Totals $10,348,357 50 $6,096,615 45
Bonds Owned —
Illinois Central Gold Fours of 1953 $71,000 00 $71.000 00
Illinois Central Gold, Omaha Division, Threes 2,750,000 00 2,613,913 21
Illinois Central Gold, Litchfield Division, Threes 131,000 00 132,700 00
Illinois Central Gold, Louisville Division, Three and a halfs 300,000 00 300,000 00
Mississippi Valley Co., Registered, Gold Fours of 1950 114,000 00 114,000 00
Yazoo A Mississippi Valley RR. Co. Gold, Improvement Fours of 1934, Registered 5,168,765 56 5,168,765 56
Mississippi Central Second Mortgage (past due) 60000 60000
Muhlenberg County, Kentucky, Refunding Fives of 1905 40,000 00 40,777 77
Iowa Falls & Sioux City RR. Co. First Mortgage Sevens of 1917 460,500 00 523,073 13
Other Bonds 3,000 00 2,269 56
Totals $9,038,865 56 $8,967,099 23
Bonds Pledged —
Yaioo A Mississippi Valley RR. Co. First Mortgage Fives $2,800,000 00 $2.324,538 18
Cherokee A Dakota RR. Co., First Mortgage Fives $3, 100,000 00
Cedar Rapids & Chicago RR. Co. First Mortgage Fives 830,000 00— 3,930,000 00 3,930,000 00
Louisville, New Orleans A Texas Ry. First Mortgage Fours 16,832,000 00
Louisville, New Orleans A Texas Ry. Second Mortgage Fives 9, 104,000 00
Loukville, New Orleans & Texas Ry. Land Grant Income Bonds 9,904.000 00- 35.840,000 00 24.906,877 65
Totals. $51,608,865 56 $40,128,514 96
398
POOR S MANUAL OP RAILROADS CENTRAL NORTHERN GROUP.
1 2. ADVANCES ON ACCOUNT OF OTHER RAILROADS TO JUNK 30, 1902.
Effingham District — Formerly St. Louis, Ind. & East. RR . .
Canton, Aberdeen & Nashville RH. in Alabama
1902
$739,261 74
161,134 68
1901
$732,318 79
159 532 37
Increase.
$6,942 95
1 602 21
Albert Lea & Southern RR •
389,197 94
371,168 16
18 029 78
Riverside <fe Harlem RR
204,329 43
149 921 05
54 408 38
Peoria Division
5,236,594 38
5,207,948 90
28 645 48
St. Louis & Ohio River RR
67,936 58
67 936 58
Mounds & Olive Branch RR
15,634 10
15634 10
Total $6,814,08875 $6,620,88927 $193,19948
13. Statement of operations and capital account for seven fiscal years ending
June 30, 1902:
1896
1897
1898
1899
1900
1901
1902
Miles Road Oper
Pass. Train Miles. . ..
Freight Train Miles.
Mixed Train Miles ».
Total Rev. Mil'ge.
Passengers Carried .
Passenger Mileage. ..
Frt. (tons) Moved..
Frt. (ton) Miles. . . .
Pass. Earnings
Freight Earnings. . .
Other Earnings
Gross Earnings ....
Oper. Expenses
3.067.58
6,602,879
11,105,179
3.130.21
7,121,614
11.668,882
3,774.85
8,484,746
13,205,422
t3,670.80
8,908,938
13,372,446
3,845.43
9,710,854
15,448,359
4,214.92
10,824,720
17,076,817
4,276.23
10,449.394
15,689,534
514,895
17,708,058
12,812,206
222,034,712
9,659,213
2,018,129,060
$
4,394.771
15,028,104
2,579.967
18,790,496
12,827,205
212,985,073
9,948,367
2,258,388,132
$
4,214,461
15,162,019
2.734,457
21,690,168
13,772,221
263,336,693
12,694,058
2,722,540,585
$
5,103,812
18,918,729
3,295,279
22,281,384
14,401,234
268,589,994
13.517,161
2,799,941,184
5,409,538
19,251,344
3,453,808
25,159,213
16,245,007
305,643,549
16,020,836
3,425,794,ri98
6,177,654
22,280,420
4,153,893
27,901,537
17,865,439
373.919,236
17,735,749
4,016,085,602
$
7,327,742
24,876,339
4,696,379
26,653,823
19,006,204
401,309,425
19,096,441
4.452,073,927
8,020,649
27,710,782
5,089,599
22,002,842
13,910,917
22,110,937
14,683,944
27,317,820
17,363,057
28,114,690
18,203,282
32,611,967
21,377,615
36,900,460
24,251,677
40,821,030
26,248,123
8,091,925
1,918,463
7,426,993
2,164,196
9.954,763
2,236,369
9,911,408
2,581,078
11,234,352
2,441,810
12,648,783
2,505,182
14,572,907
3,551,806
Other Receipts
10,010,388
1,051,358
2,982,809
2,890,4%
(5) 2,562,500
422,500
100,725
7,172 70
4,534 82
2,637 88
63.22 p.c.
1.979 c.
0.745 c.
3,127.34
4,105.42
3,828.04
650
575
20,933
165
$
52,500,000
10,000,000
93,738,925
2,998,673
2.710,960
9,591,189
1,051,941
3,239,972
2,520,725
(5) 2,625,000
150,000
3,551
7.063 72
4,691 04
2,372 68
66.41 p.c.
1.979 c.
0.671 c.
3,130.21
4,175.66
3,938.20
703
575
23,065
170
$
52,500,000
10,000,000
104,153,925
'2,796.489
2.760,960
12.191.132
1,292,413
3,043,545
3,466,519
(5) 2,625,000
1,726,452
37,203
7,236 80
4,599 67
2,637 13
63.56 p.c.
1.938 c.
0.695 c.
3,807.74
5,056.31
4,881.21
763
651
28,388
331
$
52,500,000
10,000000
120,281,925
2,193,315
6,317,222
2.810,960
12,492,486
1.358,980
2,952,465
3,849,539
(5) 2,812,500
1,475,040
43,962
7.65901
4,958 94
2,70007
64.75 p.c.
2.014 c.
0.688 c.
3,678,74
763
653
29,903
335
I
52,500,000
10,000,000
123,496,925
5,326,201
2.860,960
13,676,162
1,491,780
2,825,925
3,601,183
(5*) 3,300,000
2,416,674
40,600
8,480 71
5,559 23
2,921 48
65.55 p.c.
2.021 c.
0.650 c.
3,995.86
5,453.53
5,421.87
813
696
32,969
441
$
60,000,000
10,000,000
120,873,925
1,551,415
4,761,161
2,910,960
15,153,965
1,590,115
2,980,925
3,615,265
(6) 3,780,000
3,145,400
42,260
8,754 72
5,753 77
3,000 95
65.72 p.c.
1.960 c.
0.619 c.
4,265.50
5,936,34
5,936.34
891
725
38.498
462
$
66,000,000
10,000,000
128,797,925
3.820,473
5,296,523
2,960,960
18,124,713
1,766,217
3,719,695
3,502,669
(6) 4,752,000
4,340,172
43,960
9,546 03
6,138 15
3,407 88
64.30 p.c.
1.999 c.
0.622 c.
4,283.90
6,189.13
t
947
726
42,419
469
$
79,200,000
10,000,000
129,195,925
Taxes
Interest & SinkFund
Lease Rentals
Other Deductions . .
Gross Earn. p. Mile. .
Oper. Exp. per Mile..
Net Earn, per Mile . .
Exp. to Earnings. . .
Av.Ratep.Pass.p.M.
Av. Rate p. Ton p.M
Miles of Track
Miles of Steel Rail.. .
Locomotives
Pass. Train Cars
Freight Train Cars..
Work Train Cars
Capital Stock.
Leased Line Stock. .
Funded Debt
Net Liab., Current . .
Other Liabilities. . . .
Profit and Loss
Total Liabilities...
Railroad A Equip . .
Materials A Supplies
Stocks A Bonds Own
Net Assets, Current..
Other Assets..
5,460,621
3,010,960
161,947,958
1)2,053,084
1,435,286
46,892,465
304,050
1,263,073
172,211,374
118,469,629
1,710,170
48,429,687
1,561,856
2,040,032
194,103,422
145,044,506
1.863,406
45,233,845
194,184,086
146,264,236
1,714,073
40,724,567
1006756
200,097,461
147,295,185
2,727,157
42.322.798
216,875,881
160,065,494
2,498,695
44,705,353
226,867,506
164,852,194
2,034,279
46,225,130
3,907,069
9,848,834
1,961,665
4.474,454
7.752,321
9,606,339
Total Assets
161,947,958
172.211,374
194,103,422
194,184,086
200,097,461
216,875,881
226,867,506
• Included In passenger and freight train mileage In 1901 and previously.
t The decrease in mileage operated as compared with 1898 is due to the operation of the Yazoo
Division having been surrendered to the Yazoo and Mississippi Valley RR. Co. JNot reported.
POOR'S MANUAL - ILLINOIS CENTRAL RR. CO.
399
14. COST OF RAILROADS AND EQUIPMENT, JUNE 30, 1902.
Illinois Central RR $56,765,900 68
Illinois Cent. RR. — Litchfield Div. . 3,193,114 11
Chicago & Springfield RR 1,888,87040
Kankakee & Southwestern RR 1,448,51731
South Chicago RR 253,99900
Blue Island RR 67,53501
Chicago, Havana & Western RR.... 1,844,91975
Rantoul RR 581,48016
Chicago, Madison & Northern RR. . 10,538,224 94
St. L. Div. (St. L., A. & T. H. RR.).. 12,210,283 09
Chicago & Texas RR 1,691,07473
Mound City Ry 12,96868
Stacyville RR ........................ $6167613
Canton, Aberdeen & Nashville RR. . '
Hodgenville & Elizabethtown RR..
Troy & Tiptonville RR
2,00l,072 96
75,218 45
.. ............ 6|005 00
Chi., St. Louis & New Orleans RR.. 40,098,433 60
Lpuisv le Div. Lease and Mort. Lien 21,688,000 00
Lien on Dubuque & Sioux City RR.
to secure I. C. 4 p. c. Western
_Li°es Bonds ......................... 5,425,000 00
Omaha Division ....................... 5,000,00000
Total $164,852,194 00
15. RAILROADS LEASED OR OPERATED BY THE ILLINOIS CENTBAL RR. Co.
Pres., Chicago, 111.; E. T. H. Gibson, Treas.,
DUBUQUE AND SIOUX CITY RR
Dubuque to Sioux City, la., 326.58 m. ; Manches-
ter to Cedar Falls, la., 41.85 m. ; Cedar Falls
June., la., to Lyle, Minn. State Line, 75.97 m. ;
Tara to Council Bluffs, la., 131.02 m. ; Onawa, la.,
to Sioux Falls, S. D., 155.58 m. — total, 731 miles.
HISTORY. — Consolidation, in 1888, of the
Dubuque and Sioux City, Cedar Rapids and Chi-
cago, Iowa Falls an* Sioux City, and Cherokee
and Dakota RR. Cos. The Cedar Falls and Min-
nesota RR. was purchased at foreclosure sale,
June 1, 1896, and the Fort Dodge and Omaha
RR., Tara to Council Bluffs, la., 131.02 miles,
was absorbed in 1900. The property is leased to
the Illinois Central RR. Co., until Aug. 1, 1951, at
a rental equivalent to net earnings after deduct-
ing interest on bonds and sinking fund charges.
OPERATIONS.— The operations are included in
the accounts of the lessee. Net rental, year end-
ing June 30, 1902. $507,525. A dividend of 1 p. c.
was paid for the year.
BALANCE SHEET, June 30, 1902 (latest ren-
dered).— Capital stock ($100 shares) $10,999,600;
funded debt, $17,155,000 ; current liabilities, $159,-
658 ; profit and loss,$100,993— total, $28,415,251. Con-
tra : Cost of road, etc., $27,552,324 ; land contracts,
$810 ; stocks and bonds, $678,006 ; current assets,
$184,111— total, $28,415,251. On June 30, 1902, the cost
of road, etc., amounted to $27,772,040 and the
valuation of stocks and bonds owned was $920,-
007. The Illinois Central RR. Co. owns $9,939,-
100 of the capital stock of the company.
FUNDED DEBT. — The funded debt consists of
$5,425,000 Western Lines bonds of the Illinois
Central RR. Co., and of $3,100,000 Cherokee and
Dakota RR. 1st mtge. bonds and $830,000 Cedar
Rapids and Chicago RR. 1st mtge. bonds pledged
as security for the Illinois Central RR. Co.'s
gold fours of 1952. Bonds outstanding in the
hands of the public, $2,800,000 ($3,000,000 auth.)
L, F. & S. C. RR. 1st 7s of Oct. 1, 1917. The
Iowa Falls and Sioux City bonds are secured on
the line from Iowa Falls to Sioux City, la., 183
in. ; the Cherokee and Dakota bonds, on the line
from Onawa to Sioux Falls, S. D., 155.58 m. ; and
the Cedar Rapids and Chicago bonds, on the
line from Cedar Rapids to Manchester, la., 41.85
miles. On July 20, 1900, the company mortgaged
the Omaha Division, 131.02 m., to secure the
$5,000,000 Omaha Division bonds of the Illinois
Central RR. Co.
CORPORATE OFFICERS. — Stuyvesant Fish,
Tres., New York, N. Y. ; J. C. Welling, Vice-
. . . , .
New York, N. Y. ; J. F. Merry, Sec. & Asst
Treas., Dubuque, la. Office, Dubuque, la
HODGENVILLE AND ELIZABETHTOWN
11 Y. — Hodgenville to Elizabethtown, Ky., 11.1 m. •
total track (steel; 50 IDS.), 12.1 miles. Chartered
April 8, 1884; opened in March, 1888. Locomo-
tive, 1. Cars — passenger, 2; freight (box, 3;
flat, 4), 7 — total, 9. Operations, not reported
Capital stock ($100 shares), $123,500; funded debt
(1st 5s of Aug. 1, 1917), $150,000 — total, $273,500
The Illinois Central RR. Co. owns $90,000 of the
capital stock and the entire issue of bonds, with
coupons due Aug. 1, 1889, and thereafter at-
tached. This road was sold under foreclosure
on July 18, 1902, the purchaser being James S.
Pirtle, Louisville, Ky.
1'EORIA, DECATUR AND MATTOON
RR — Pekin to Mattoon, 111., 102.76 m. ; total
track, 220.05 miles.
HISTORY. — Organized in 1900 to take title to
the Peoria Division of the Peoria, Decatur and
Evansville RR. (See MANUAL for 1901, page
264.) Leased to the Illinois Central RR. Co.,
July 1, 1901, from Sept. 1, 1900, to June 30, 1922 ;
lessee receives all earnings, pays all expenses,
and turns over to lessor any net income. The
mileage as above includes 3.76 miles, one-half
of 7.52 miles owned Jointly with the Terre Haute
and Peoria RR. Co.
CORPORATE OFFICERS.— Stuyvesant Fish,
Pres., New. York, N. Y. ; J. C. Welling, Vice-
Pres. ; W. G. Bruen, Sec. ; J. F. Titus, Treas.,
Chicago, 111. Office, Chicago, 111.
TROY AND TIPTONVILLE RR Moffat
to Troy, Tenn., 4.6 m. ; total track (steel; 50 and
56 Ibs.), 5.17 miles.
HISTORY.-r-Chartered Dec. 1, 1887; opened
July, 1888.
ROLLING STOCK. — Cars — passenger, 1 ;
freight (box, 6; flat, 2), 8 — total cars, 9.
OPERATIONS. — Not reported for recent years
(see MANUAL for 1902, page 370).
FINANCIAL STATEMENT. — Capital stock
($100 shares), $46,000; funded debt (1st gold 6s
of Feb. 1,- 1908), $46,000 — total, $92,000. The
Illinois Central RR. Co. owns $23,000 of the
capital stock and a majority of the bonds, with
coupons due Sept. 1, 1888, and after attached.
CORPORATE OFFICERS.— M. Gilleas, Pres.,
Memphis, Tenn. ; C. P. Wilson, Vice-Pres., Troy,
Tenn. ; J. F. Titus, Treas. ; C. F. Krebs, Sec.,
Louisville, Ky. Office, Louisville, Ky.
. Board of Directors, Illinois Central Railroad Co., as constituted June 30, 1902.
His Excellency the Governor of Illinois, Ex-Officio.
Till Oct., 1903.
Stuyvesant Fish.
Edward H. Harriman.
John Jacob Astor.
Till Oct., 1904.
Chas. A. Peabody.
John C. Welling.
\\. Morton Grinnell.
Till Oct., 1905.
Walther Luttgen.
John W. Auchincloss.
Robt. Walton Goelet.
Till Oct., 1906.
Charles M. Beach.
Cornelius Vanderbilt.
J. T. Harahan.
STUYVESANT FISH, President Chicago, 111.
John C. Welling, V ice-President and Comptroller "
J. T. Harahan, 2d V ice-President "
3<t Vice-Pres. <6 Sec. — A. G. Hackstaff, I Treasurer. — E. T. H. Gibson New York, N. Y.
New York, N. Y. |
GENERAL OFFICE AND ADDRESS No. 1 Park Row, Chicago, 111.
Financial Agency No. 214 Broadway, New York, N. Y.
400
POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
NEW YORK CENTRAL AND HUDSON RIVER RAILROAD SYSTEM.
The following railroads, domiciled in the Central Northern Group of States, are con-
trolled by the New York Central and Hudson River RR. Co., but operated separately by
their own organizations :
Cleveland, Cincinnati, Chicago and St. Louis System:
Lines Owned 1,683.99 m.
Proprietary Roads 120.75 m.
Joint Trackage 86.28 m.
Controlled Roads 396.08 m.— 2,287.10 miles.
Cincinnati Northern RR. :
Lines Owned 208.14 m.
Trackage Rights 39.45 m.— 247.59
Detroit, Toledo and Milwaukee RR 132.70
Indiana, IlUnois and Iowa RR. :
Lines Owned 204.23 m.
Leased Lines 39.44 m.
Trackage Rights 7.99 m.— 251.66
Lake Erie, Alliance and Wheeling RR 87.80
Lake Erie and Western RR. :
Lines Owned 717.57 m.
Joint Trackage 7.43 m.
Northern Ohio Ry. (controlled) 162.00 m.— 887.00
Lake Shore and Michigan Southern Ry:
Lines Owned 860.53 m.
Proprietary Roads 231.33 m.
Leased Lines 319.30 m.— 1,411.16
New York, Chicago and St. Louis RR.:
Lines Owned * 494.72 m.
Leased Lines 17.80 m.
Joint Trackage 10.50 m.— 523.02
Michigan Central Ry.:
Lines Owned 270.07 m.
Leased and Proprietary Lines 911.68 m.
Lines Operated 457.30 m.
Joint Trackage 14.00 m.— 1,653.05
Total 7,481.08 miles.
In addition to the 2,287.10 miles of railroad owned, leased, and controlled by the
Cleveland, Cincinnati, Chicago and St. Louis Ry. Co., that company operates the Dayton
and Union RR., 31.69 miles (not including 15.26 miles of trackage rights hired of the
Dayton and Western RR. Co.), which it owns jointly with the Cincinnati, Hamilton and
Dayton Ry. Co., and in union with persons interested in the Pennsylvania Company, it
owns the capital stock of the Central Indiana Ry. Co., whose line is 127.5 miles in length.
( See GENERAL INDEX for Dayton and Union RR. Co. and Central Indiana Ry. Co. )
NEW YORK CENTRAL SYSTEM.— CLEVELAND, CINCINNATI, CHICAGO AND
ST. LOUIS RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 6
Current Liabilities 8
Directors and Officers 14
Earnings, Expenses, etc 4
Funded Debt, Details of 7
Gen. Bal. Sht., June 30, 1902 5
Gen. Balance Sheet, 1896-1902 12
History 1
Income Acct., June 30, 1902. . 4
Income Account, 1896-1902... 12
Leased and Owned Lines,
Statements of 13
Mileage and Equip.. 1896-1902 12
Mileage Oper'd June 30, 1902. 2
Operations & Inc., 1896-1902. 12
Rolling Stock, June 30, 1902. 3
Rolling Stock, 1896-1902 12
Securities Owned 10
Subsidiary Roads, Cost of... 9
Sub'd'y Roads, Statem'ts for 13
Sundry Investments 11
1. History. — Consolidation, June 27, 1889, of the Cincinnati, Indianapolis, St. Louis
and Chicago, the Cleveland, Columbus, Cincinnati and Indianapolis, and the Indianapolis
and St. Louis Ry. Cos. In 1890 the company absorbed the Cincinnati, Sandusky and
Cleveland Ry., the Columbus, Springfield and Cincinnati Ry., the Cairo, Vincennes and
Chicago Ry., the St. Louis, Alton and Terre Haute RR., the Cincinnati, Lafayette and Chi-
cago RR.. the White Water RR., the Cincinnati and Springfield Ry., and the Cincinnati,
Wabash and Michigan Ry. (See MANUAL for 1893, page 201.)
POOR'S MANUAL NEW YOKK CENTRAL SYSTEM. 401
Controlled Railroads. — The operating accounts of the Kankakee and Seneca RR.,
Mount Gilead Short Line RR., and Peoria and Eastern Ry. are not included in this state-
ment, but are given in the separate statements for the companies named. The Kankakee
and Seneca RR. is controlled by joint ownership ;. the Mt. Gilead Short Line by lease;
the Peoria and Eastern Ry. by lease and by ownership of a majority of its capital stock.
Other Interests. — The company is also one-eighth owner of the Peoria and Pekin
Union Ry., one-seventh owner in the Terminal RR. Association of St. Louis, two-fifths
owner of the Indianapolis Union Ry., joint owner of the Dayton and Union RR., and
owner of a majority of the securities of the Cincinnati Northern RR. The Louisville and
Jefl'ersonville Bridge property is owned jointly by this company and the Chesapeake and
Ohio Ry. Co., and $3,000,000 of 4 p. c. bonds secured upon it are guaranteed as to interest,
one-third by the Chesapeake and Ohio and two-thirds by this company. The capital stock
of the Central Indiana Ry. Co. is held in equal proportions by this company and by persons
interested in the Pennsylvania Co.
2. Mileage of System, June 30, 1902. — A. LINES OWNED (total, 1,683.99 miles).
Cincinnati Division : Cleveland via Columbus to Ludlow Grove, O 254.78 miles.
8t. Louis Division : Galion, O., to East St. Louis, 111 464.45 "
Chicago Division, Southern Section: Cincinnati, O., to Lafayette, Ind 174.20 "
Chicago Division, Northern Section: Templeton, Ind., to Kankakee, 111. ... 56.72 "
Cairo Division : Cairo to Tilton, 111 257.63
White Water Division: Hagerstown, Ind., to Harrison, 0 62.36
Sandusky Division : Sandusky to Springfield, O 131.07
Michigan Division: Benton Harbor, Mich., to Rushville, Ind 203.68
Delaware Branch : Springfield to Delaware, O 49.00
Alton Branch : East Alton to Alton, 111 4.20
Vincennes Branch: St. Francisville, 111., to Vincennes, Ind 8.02
Lawrenceburg Branch: Lawrenceburg Junction to Lawrenceburg, Ind 2.54
Findlay Branch : Carey to Findlay, '0 15.34
B. PROPRIETARY RAILROADS (total, 120.75 miles).
Columbus, Hope and Greensburg RR.': Columbus to Greensburg, Ind 26.21
Fairland, Franklin and Martinsville RR.: Fairland to Martinsville, Ind. . . 37.84
Cincinnati and Southern Ohio River RR.: Lawrenceburg to Aurora, Ind. . . . 3.90
Harrison Branch RR. : Harrison to Valley Junction, 0 7.70
Vernon, Greensburg and RushviUe RR.: Rushville to Vernon, Ind 45.10
O. TRACKAGE RIGHTS (total, 86.28 miles).
B. d 0. S. W. RR.: North Vernon to Jeffersonville, Ind 52.91
P. & 0. 8. W. RR.: Ludlow Grove to Cincinnati, O 6.15
Wabash RR. : Tilton to Danville Junction, 111 2.86
Lake Erie and Western RR.: Lafayette to Templeton, Ind 18.44
Cleveland Union Depot : In Cleveland, O 0.25
Columbus Union Depot : In Columbus, 0 0.30
Indianapolis Union Depot: In Indianapolis, Ind 1.32
Cincinnati Union Depot : In Cincinnati, 0 0.41
Louisville and Nashville RR. : At Carmi, 111 0.54
Pennsylvania Company : At Vincennes, Ind 1.25
Lake Erie and Western RR. : At Rushville, Ind 0.25
P., C., C. d 8t. L. Ry. : At Dayton, O 1.60
Total length of lines operated as C., C., C. & St. L. Ry., June 30, 1902. . 1,891.02 miles.
D. CONTROLLED RAILROADS (total, 396.08 miles).
Kankakee and Seneca RR. : Kankakee to Seneca, 111 . . 42.08
Mount Gilead Short Line RR.: Mount Gilead to Edison, O 2.00 "
Peoria and Eastern Ry. : Springfield, O., to Pekin, 111 342.80
Trackage: Peoria and Pekin Union Ry.: Pekin to Peoria, 111 9.20 "
Total length of C., C., C. & St. L. Ry. System, June 30, 1902 2,287.10 miles.
Gauge, 4 ft. 8^ in. Rail (steel), 67 to 80 Ibs.
The Illinois Central RR. Co. hauls this company's trains over its road from Kankakee
into Chicago, a distance of 56 miles, and receives a percentage of the business in payment
for the service.
402
POOR 8 MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
Track Mileage. — Statement showing the mileage of tracks in the system on June
30, 1902:
Main
Track.
Double
Track.
Side
Track.
Total
Track.
Lines Owned in Fee
Miles.
1,683.99
Milet.
102.12
Milet.
834.32
Miles.
2.620.43
Leased Lines
120.75
22.71
143.46
Trackage Rights
86 28
86.28
Totals, C., C.. C. & St. L. Ry
1,891.02
102.12
857.03
2,850.17
Kankakee and Seneca RR
42.08
6.47
48.55
Mount Gilead Short Line RR
2.00
0.47
2.47
Peoria and Eastern Ry
35200
119 08
471 08
Totals, Entire System
2,287.10
102.12
983.05
3,372.27
3. Rolling Stock, June 30, 1902. — Locomotives, 451. Cars — passenger, 266; parlor,
pay, and officers', 26; dining and cafe, 14; baggage, 77; postal, 30; freight (box, 12,553:
stock, 610; coal and flat, 4,561; refrigerator, 345; special, 587; caboose, 192), 18,848 —
total cars, 19,261.
4. General Income Account, year ending June 30, 1902.
Earnings— Passenger $5,487,506 42
Freight 11,920,0% 57
Mail and Express 1.041,32372
Rents 268,14469
Expenses — Maintenance of Way $2,513,657 76
Maintenance of Equipment 2,828,868 04
Conducting Transportation 7,131.453 44
General Expenses 636,56468
Total ($9,897.87 per mile) $18,717,071 40 Total ($6,933.06 per mile) $13,110,543 92
Net earnings (29.95 p. c.), $5,606,527.48. Payments: Interest on funded debt,
$2,619,520; taxes, $634,376.45; rentals, $180,130.52; dividends on preferred stock, Nos. 47
to 50 (Oct. 21, 1901, Jan. 20, April 19, and July 19, 1902, 1^ p. c. each), $499,943.75; on
common stock, Nos. 13 and 14 (March 1 and Sept. 2, 1902), 2 p. c. each, $1,119,572.40 —
total, $5,053,543.12. Surplus, $552,984.36, add credit balance, interest, discount and ex-
change, $78,360.32 — total, $631,344.68. Deduct expenditures for double track. Cleveland
Division, $218,726.48; Linndale yard improvement, $159,444.27; new coal cars, $222,200.71
— total, $600,371.46. Surplus for year, $30,973.22; surplus from previous year, $1,407,-
708.16— total, $1,438,681.38.
5. General Balance
Cost of Road and Equipment $86,343,809 40
Cost of Subsidiary Rds. (see Sec. 9) 6,915,023 33
Securities Owned (see Sec. 10) 4,117,08653
Sundry Investments (see Sec. 11).. 832,85284
New Freight Car Cont'cts (Contra) 1,372,146 56
Materials and Supplies 614,82079
Accounts Receivable 416,059 70
Traffic Bal., Due from Other Cos 220,116 67
Due from Station Agents 277,15553
Due from U. S. Government 179,523 28
Cash on Hand and in Banks 1,607,53802
Total Assets $102,896,132 65
Sheet, June 30, 1902.
Common Stock ( $100 shares) $27,989,310 00
Preferred Stock ( $100 shares) 10,000,000 00
C., S. & C. Pref. Stock and Scrip.. 428,997 45
Funded Debt Outstanding 58,183,730 00
Dayton & Union RR. Co., Loan Acct. 112,500 00
Bills Payable 3,42500
New Freight Car Cont'cts (Contra) 1,372.146 56
Current Liabilities (see Sec. 8).... 3,180.92197
Peoria &. Eastern Ry. Special Fund 41,112 10
Branch Lines, Operating Account.. 126,777
Reserve Fund for Renewals, etc — 18,53055
Profit and Loss 1,438,681 35
Total Liabilities... $102,8%, 132 65
6. Capital Stock. — The amount authorized by the stockholders is as follows : For consolida-
tion of Cleveland, Columbus, Cincinnati and Indianapolis, Indianapolis and St. Louis and Cincinnati,
Indianapolis, St. Louis and Chicago Rys., as per agreement dated March 27, 1889, $20,500,000;
authorized under resolution of stockholders, July 7, 1890, for sale to holders of common stock, $4,-
500,000 ; authorized under resolution of stockholders, Oct. 29, 1890, for exchange of Cincinnati,
Sandusky and Cleveland stock, $3,700,000 — total, $28,700,000. Capital stock issued : On account
of consolidation, $20,500,000 ; on account of sale to stockholders, $3,797,600 ; on account of ex-
change for Cincinnati, Sandusky and Cleveland RR. Co. stock, $3,691,710 — total, $27,989,310. Bal-
ance unissued, $710,690. The Cincinnati, Sandusky and Cleveland preferred stock and scrip shown
In the general balance sheet were assumed in purchase by this company. Preferred stock has
priority over common stock for dividends at the rate of 5 p. c. per annum, non-cumulative. For
statement of dividends paid since 1896, see General Index.
7. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $58,183,730, as per
general balance sheet — consisted of the several issues of bonds, listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto sub-
POOR'S MANUAL NEW YORK CENTRAL SYSTEM.
403
joined to the statement ; and the details of funded debt outstanding on or about Aug. 1, 1903, will
be found in the Ready Reference Bond List — see General Index :
C.,I.,St.L. & C. 1st Con. 6s of May 1,1920. $675,000
C ,I.St.L.&C. Gen. 1st 4s of Aug. 1, 1936... . 7,684,000
C., C., C. & I. 1st Con. 7s of June 1, 1914. 4,138,000
C., C., C. & I. Gen. Con. 6s of Jan. 1, 1934. 3,205,000
I. & St. L. RR. 1st 7s of July 1, 1919.... 2,000,000
I. & St. L. Ry. 1st 6s of Nov. 1, 1912.. 500.000
Cairo Div. 1st 4s of Jan. 1, 1939 5,000,000
C..S. & C.RR. 1st Con. 5s of Jan. 1, 1928. $2,671,000
Spr. & Col. Div. 1st 4s of Sept. 1, 1940. . 1,103,730
Wh., Wat. Vy. Div. 4s of July 1, 1940.. 660,000
St. L. Div. 1st Col. Tr. 4s of Nov. 1, 1990. 10,000,000
C., W. & M. Div. 1st 4s of July 1, 1991.. 4,000,000
General 4s of June 1, 1993 16,657,000
Cincinnati, Indianapolis, St. Louis and Chicago First Consol. Mortgage Bonds. — Secured by first
mortgage on the line from Cincinnati, O., to Lafayette, Ind., 174.82 miles. There is a sinking fund
of 1 p. c. a year which is applied to retirement of the bonds at 105 p. c. and accrued interest, bonds
to be drawn if not obtainable at that price.
Cincinnati, Indianapolis, St. Louis and Chicago General First Mortgage Bonds. — Secured by
second mortgage on the line from Cincinnati, O., to Lafayette, Ind., 174.82 miles, and additionally
secured by deposit in trust of the stocks and bonds owned of the Vernon, Greensburg and Rushville
RR. Co., Columbus, Hope and Greensburg RR. Co., Cincinnati, Lafayette and Chicago RR. Co., Fair-
land, Franklin, and Martinsville RR. Co., Harrison Branch RR. Co., and Kankakee and Seneca RR.
Co., and of the 100-yr. contract for use of the Illinois Central tracks from Kankakee to Chicago.
There is a sinking fund provision under which 1 p. c. of outstanding bonds may be purchased yearly
on Nov. 1 or five days thereafter, at the price of not exceeding 102 J p. c. and accrued interest, the
fund to lapse in any year when bonds cannot be purchased at the price named.
Cleveland, Columbus, Cincinnati and Indianapolis First Consol. Mortgage Gold Bonds. — Secured
by first mortgage on the lines from Cleveland to Columbus, O., 137.75 m. ; Gallon, O., to Indian-
apolis, Ind., 203.22 m., and Springfield to Delaware, O., 48.91 m. ; a total of 389.88 miles. The
sinking fund provision of these bonds is inoperative, as there are no trustees. (See MANUAL for
1899, page 312.)
Cleveland, Columbus, Cincinnati and Indianapolis General Consol. Mortgage Gold Bonds. — Se-
cured by second mortgage on the 389.88 miles of road mentioned in the preceding paragraph.
Indianapolis and St. Louis RR. First Mortgage Gold Bonds. — Secured by first mortgage on the
line from Indianapolis to Terre Haute, Ind., 72 miles.
Indianapolis and St. Louis Ry. First Mortgage Gold Bonds. — Secured by first mortgage on the
line from Indianapolis to Terre Haute, Ind., 72 miles.
Cairo Division First Mortgage Gold Bonds. — Secured on the line from Cairo to Tilton, 111. ,258. 17
miles, and on the branch from St. Francisyille, 111., to Vincennes, Ind., 9.27 miles.
Cincinnati, Sandusky and Cleveland First Consol. Mortgage Gold Bonds. — Secured by first mort-
gage on the line from Sandusky to Dayton, O., 154.42 miles, and on the branch from Carey to Find-
lay, O., 15.34 miles.
Springfield and Columbus Division First Mortgage Gold Bonds. — Secured by mortgage on the
line from Columbus to Springfield, O., 45 miles, subject to the lien of the Columbus, Springfield and
Cincinnati RR. first mortgage.
White Water Valley Division First Mortgage Gold Bonds. — Secured by purchase money mort-
gage on the line from Harrison, O., to Hagerstown, Ind., 62.77 miles.
St. Louis Division Collateral Trust Gold Bonds. — Secured by deposit in trust of the $10,000,000
4 p. c. 100-yr. bond of the Cairo, Vincennes and Chicago Ry. Co., which is secured by purchase
money mortgage on the line from Terre Haute, Ind., to East St. Louis, 111., and branch to Alton, 111.,
together about 194 miles in length. There is a sinking fund provision under which $250,000 of the
bonds were deposited in trust, the interest thereon to be invested in further amounts of the bonds at
a price not exceeding 105 p. c. and accrued interest, and any bonds thus purchased to go to increase
the sinking fund. Whenever the bonds cannot be purchased at the price mentioned the interest on
bonds in the sinking fund reverts to the company. On June 30, 1901, the sinking fund investment
amounted to $386,394.21.
Cincinnati, Wabash and Michigan Division First Mortgage Gold Bonds. — Secured by first mort-
gage on the line from Rushville, Ind., to Benton Harbor, Mich., 204.40 miles, and on the real estate,
equipment, etc., appurtenant to that division.
General Mortgage Gold Bonds. — Secured on the entire property of the company ( exclusive of the
Cairo, Peorla and Michigan Divisions and the section of the St. Louis Division west of Terre Haute),
whether now owned or acquired hereafter by use of bonds secured by the same mortgage. The au-
thorized issue is $50,000,000, of which a sufllcient amount is reserved for the retirement of prior
liens and the balance is to be issued at not exceeding the rate of $1,000,000 a year for new construc-
tion, equipment, and double track. Between June 30, 1902, and Dec. 31, 1902, $1,000,000 additional
of these bonds were issued, making the total now outstanding $17,657,000.
8. Cnrrent Liabilities. — These consisted of $386,438.26 of interest accrued but not due,
$467,396.32 of bills audited, $704,385.20 of pay rolls for month of June, $476,955.57 of traffic bal-
ances due to other companies, $8,000 of bonds drawn for redemption and unredeemed, $442,049.50
of coupons unpaid, and $695,697.12 of dividends unpaid.
9. Cost of Subsidiary Roads. — C., L. & C. RR., $1,589,417.05 ; C., H. & G. RR., $321.-
676.57 ; V., G. & R. RR., $676,224.07 ; Harrison Branch RR., $200,000 ; F., F. & M. RR., $50,000 ;
C. A S. Ry., $3,543,826.69 ; Findlay Belt Ry., $86,879.95 ; K. & S. Ry., $447,000.
10. Securities Owned.— Muncie Belt. Ry. mtge. notes and stock, $65,725.37 ; Dayton and
Union RR. Co., $7,075; Dayton Union Ry. Co. stock, $111,249.32; C.. U. D. & Ry. Co. Cine. pref.
stock, $200,000 ; C. U. D. & Ry. Co. Cine. com. stock, $75,000 ; Union Depot Co., Columbus, O., stock,
$37,298.75 ; C., C., C. & St. L. Ry. Co. stock, $8,555 ; P. & E. Ry. Co. stock, $66,428.32 ; C. & O.
Ry. Co. stock, $2,453,569.81; C., C., C. & St. L. Ry. (Spring & Col. Div.) mtge. bonds, $230; Cin-
cinnati Northern RR. securities, $1,091,954.96. Between June 30, 1902, and Dec. 31, 1902, the
holdings of Muncie Belt Ry. mtge. notes and stock shrank to $53,644.58, and there was an addition
of $552,129.90 to Securities Owned by the acquisition of the securities of the Chicago and South-
eastern Ry. Co. (see Sec. 2), so that on the latter date the value of securities owned amounted to
$4,657,135.64.
11. Sundry Investments. — Sinking fund St. L., A. & T. H. 1st coll. trust mtge. bonds,
5401,223.16 ; Sloane Property, Sandusky, O., $10,000 ; fast freight lines, etc., working capital,
$27,253.58 ; advances to L. & J. Bridge Co., $62,908.32 ; advances account St. Louis Terminals,
$273,727.71. On Dec. 31, 1902, sundry investments amounted to $2,082,863.20, as follows: Sink-
Ing fund St. L., A. & T. H. 1st coll. trust mtge. bonds, $409,038.96 ; Sloane Property, Sandusky, O.,
404
POOR S MANUAL OF RAILROADS CKXTRAL NORTHERN GROUP.
$10,000 ; fast freight lines, etc., working capital, $28,253.58 ; new freight car contracts, $1,187,-
010.50; advances account of St. Louis Terminals, $358,102.71; real estate purchased, $13,200;
advances, account Chicago and Southeastern Ry., $77,257.45.
12. Statement showing operations, capital accounts, etc., for seven years ending
June 30.
1896
1897
1898
1899
1900
1901
1902
Mil«RR.Oper.(Av.)
Locomotives
1,838.11
270
98
13.105
4,822,276
5,555,359
1.838.11
459
272
95
12,453
4,922,582
5,442,063
1,838.11
467
278
102
13,311
4,808,764
0,092,784
1.838.11
457
279
102
13,479
4,731,996
5,587,945
1,891.02
447
278
106
15,666
4,837,933
5,570,516
1,891.02
447
287
105
18,836
5,207,002
5,741,384
t
1,891.02
451
306
107
18,848
5,499,747
6,057,834
Passenger Can
Bag., Mail, etc.,Car«
Freight A OtherCars
Pass. Train Miles —
Freight Train Miles.
TotalRev.Tr.Milee
Passengers Carried ..
Passenger Mileage. .
Frt. (tons) Moved...
Freight (ton) Miles.
Passenger Earnings..
Freight Earnings. . .
Other Earnings ....
Gross Earnings
Oper. Expenses.
Net Earnings
10,377,635
5,578,048
204,940,898
8,598,881
1,358,155,342
$
4,035,326
8,576,700
1,092,509
10,364,645
4,937,250
186,657,170
8,223,347
1,343,484,916
$
3,665,193
8,254,873
1,197,045
10,901,548
5,093,978
200,998,657
9,630,159
1,696,221,146
$
3,850,126
9,237,507
1,232,461
10,319,941
5,360,457
230,596,748
10,043,126
1,704,824,779
S
4.245,036
9,226,534
1,247,793
10,408,449
5,792,421
240,009,226
11,006,304
1,863,586,488
$
4,653,224
10,867,502
1,286,125
10,948,386
5,542,088
259,259,134
11,098,315
1,909,086,365
$
4,979,652
11,640,002
1,257,835
11.557.581
5.685,677
292,346,305
12.056,981
2,012,387,493
$
5,487,506
11,920.097
1,309,468
13,704,535
9,711,594
13,117,111
9,284,998
14,320,094
10,370,250
14,719,363
10,066,453
16,806.851
11,166,574
17,877,489
12,142,693
18,717,071
13,110,544
3,992,941
582,109
2,639,863
(5) 500,000
204,647
S. 66,322
7,455 77
5,283 47
2,172 30
70.86 p.c.
1.959 c.
0.631 c.
S
38,416,332
54,037,380
5,335,365
245,554
3,832,113
579,666
2,687,049
(3}) 375,000
196,877
D. 6,479
7,136 19
5,051 39
2,084 77
70.78 p.c.
1.964 c.
0.614 c.
$
38,416,832
55,183,880
2,979,363
198,862
3,949,844
598,118
2,708,691
(3j) 375,000
196,333
S. 71,702
7,790 66
5,641 80
2,148 86
72.42 p.c.
1.915 c.
0.545 c.
$
38,416,832
56,154,880
3,301,180
305,752
4,652,910
579,102
2,672,544
(5) 500,000
201,166
S. 700,098
8,007 88
5,476 52
2.531 36
68.39 p.c.
1.841 c.
0.541 c.
$
38,416,832
56,226,730
5,600,745
1,029,443
5,640,277
582,690
2,661,441
*1,339,840
205,097
S. 851,209
8,887 72
5,90505
2,982 67
66.44 p.c.
1.938 c.
0.583 c.
$
38,418,307
57,269,730
4,318,146
1,122,643
5,734,796
612,945
2,685,056
tl,479,626
231,906
S. 725,263
9,453 89
6,421 24
3,032 65
67.92 p.c.
1.921 c.
0.610 c.
$
38,418,307
57,275,230
3,430,486
1,407,708
5,606,527
' 634,376
2,619,520
Jl.619,516
180,131
S. 552,984
9,897 87
6,93306
2,96481
70.05 p.c.
1.878c.
0.592 c.
$
38,418,307
58,183,730
4,855,415
1.438,681
Taxes
Paym'ts-Int.onBds
Dividends.
Rentals .
Surplus or Deficit . .
Gross Earn. p. Mile. .
Oper. Exp. per Mile..
Net Earn, per Mile. .
Expenses to Earn
Av.Rate p.Pass.p.M
Av.Rate p.Ton p.M.
Capital Stock
Funded Debt
Floating Debt
Profit and Loss
Total Liabilities.. .
Road & Equipment..
General Supplies
Other Capital Assets
Current Assets
Cash
98,034,631
85,660,868
398,222
9,856,165
1,001,460
1,117,916
96.778,937
86,161,368
390,813
8,973,915
413,100
839,741
98,178,644
86,161,368
313,092
9,972,726
834,500
896,958
101,273,750
86,205,748
283,872
12,547,832
644,969
1,591,329
101,128,826
86,408,449
838,825
11,326,484
954,677
1,600,391
100,531,731
86,363,449
621,804
10,786,222
1,007,894
1.752,363
102,896,133
86.343.809
614,821
11,032,110
3,297,855
1,607,538
Total Assets. . ..
98,034,631
96,778,937
98,178,644
101,273,750
101,128,826
100,531,731
102,896.133
*On preferred, 5 p. c. ; on common, 3 p. c.
preferred, 5 p. c. ; on common, 4 p. c.
tOn preferred, 5 p. c. ; on common, 3i p. c. JOn
13. RAILROADS LEASED OB OWNED BY THE C., C., C. & ST. L. BY. Co.
COIAIMBUS, HOPE AND GREENSBURG
RR.— Columbus to Greensburg, Ind., 26.21 m. ;
total track (steel, 10 m.),. 30.85 miles.
HISTORY. — Road built in 1883; opened May
10, 1884.
FINANCIAL STATEMENT. — Capital stock,
$250,000; funded debt (1st 6s of Oct. 1, 1912).
$275,000 ; advances by C., C., C. & St. L. Ry. Co.,
$31,400.57 — total, $556,400.57. Contra: Cost of
road, etc., $525,000; deficit advanced by C., C., C.
& St. L. Ry. Co., $31,400.57.
All of the bonds and 61.1 p. c. of the stock are
owned by the lessee.
CORPORATE OFFICERS.— M. E. Ingallb,
Pres. ; .1. C. Davie, Sec. ; F. D. Comstock, Treas.
Office, Cincinnati, O.
FAIRLAND. FRANKLIN AND MAR-
TINSV1LLE RR. — Fairland to Martinsville,
Ind., 37.84 m. ; total track (steel, 6.50 m.), 41.77
miles.
HISTORY. — Successor in 1876 to the Cin. &
Mart. RR. Co. Leased to the C., C., C. & St. L.
Ry. Co. ; rental, net earnings.
FINANCIAL STATEMENT.— Capital stock
(all owned by the lessee), $50,000 in $25 shares.
CORPORATE OFFICERS.— M. E. Ingalls,
Pres. ; J. C. Davie, Sec. ; F. D. Comstock, Treas.
Office, Cincinnati, O.
HARRISON BRANCH RR. — Valley June,
to Harrison, O., 7.70 m. ; total track (steel), 8.79
miles.
HISTORY. — Built in 1864. Leased in perpetu-
ity to the C., C., C. & St. L. Ry. Co., at a rental
of 7 p. c. on $200,000 stock, all owned by the
lessee.
CORPORATE OFFICERS.— M. E. Ingalls,
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM.
405
Pres. ; E. F. Osborn, Sec. & Treas., Cincin-
nati, O.
VERNO1V. GREENSBURG AND RUSH-
VILLE RR. — Vernon to Rushville, Ind., 45.10
m. ; total track (steel; 66 IDS.), 53.41 miles.
HISTORY. — Chartered July 10, 1879 ; opened
in July, 1881. Operated by the C., C., C. & St.
L. Ry. Co., which owns all of the bonds and 70.2
p. c. of the capital stock.
FINANCIAL STATEMENT. — Capital stock,
$500,000; funded debt (1st 7s of May 1, 1920),
$450,00(); floating debt (advances by lessee), $188,-
703.42 — total, $1,138,703.42. Contra : Cost of road,
$950,000; deficit (advanced by C., C., C. & St.
L. Ry. Co.), $188,703.42.
CORPORATE OFFICERS.— M. E. Ingalls,
Pres. ; J. C. Davie, Sec. ; F. D. Comstock, Treas.
Office, Cincinnati, O.
14. Board of Directors, C., C., C. d St. L. Ry. Co., as constituted May 1, 1903.
Till Oct., 1903.
W.K.Vanderbilt.New York.N.Y.
C. M. Depew
J. P. Morgan — "
M. E. Ingalls Cincinnati, O.
Till Oct., 1904.
Jas. Barnett Cleveland, O.
Alex. McDonald. .Cincinnati, O.
W. H. Newman..New York.N.Y.
Till Oct., 1905.
W. P. Bliss... New York, N. Y.
Jas. D. Layng "
H.McK. Twombly "
F. W. Vanderbilt "
MELVILLE E. INGALLS, President Cincinnati, 0.
J. D. Layng, Vice-President New York, N. Y.
Secretary — E. F. Osborn Cincinnati, O. General Manager — C. E. Schaff. ...Cincinnati, O
Treasurer — Charles F. Cox New York, N. Y.
Auditor — P. A. Hewitt.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, 0.
NEW YORE CENTRAL SYSTEM. — Railroads Leased or Operated by the O.
O. & St. L. Ry. Co., but Operations Reported Separately.
C.,
CINCINNATI NOETHEEN EE.— Franklin June., O., to Jackson, Mich., 205.18
m. ; Lewisburg to Quarries, 1.12 m.; Germantown, O., to Distillery, 1.84 m. — total, 208.14
miles. Trackage: L. S. & M. S. Ry., Jackson, Mich., Terminal, 1.04 m.; C., C., C. & St. L.
Ry., Franklin June, to Cincinnati, O., 38.41 m. — total, 39.45 miles. Total length operated.
247.59 miles. Gauge, 4 ft. 8*/2 in.
History. — Organized in June, 1897, and on Aug. 1, 1897, took over the Ohio Division
of the Cincinnati, Jackson and Mackinaw Ry., besides acquiring the Jackson and Cincin-
nati RR. and valuable terminals in Cincinnati (see MANUAL for 1902, page 378). In
March, 1901, the control of the company was acquired by the Cleveland, Cincinnati, Chi-
cago and St. Louis Ry. Co., and since Jan. 1, 1902, the road has been operated by the
same company, the results from its operation, however, not being included in the ac-
counts of the operating company.
Eolling Stock June 30, 1902. — Locomotives, 24. Cars — passenger, 17; baggage,
etc., 5; freight (box, 919; flat, 153; stock, 40; coal, 72; caboose, 11), 1,195; other, 8 —
total, 1,225.
Operations, for six months ending June 30, 1902. — Train mileage — passenger, 136,-
216; freight, 152,744 — total, 288,960 miles. Passengers carried, 156,900; carried one mile,
3,255,777. Tons freighl moved, 316,866; moved one mile, 26,313,507. Earnings (passen-
ger, $70,110.31; freight, $237,181.82; mail and express, $13,983.37; miscellaneous, $2,-
174.18), $323,449.68. Operating expenses, $318,966.36. Net earnings, $4,483.32. Pay-
ments: Interest on bonds, $20,000; taxes, $12,348.72— total, $32,348.72. Deficit, $27,865.40.
General Balance Sheet, June 30, 1902.— Capital stock ($100 shares), $3,000,000;
funded debt, $1,000,000; current liabilities, $128,736.60; reserve fund, $116,588.19— total,
$4,245,324.79. Contra: Cost of road and equipment, $4,000,000; current assets, $160,-
711.78; materials, etc., $56,747.61; profit and loss, $27,865.40 — total, $4,245,324.79.
Funded Debt consists of 1st gold 4s of July 1, 1951, $3,000,000 authorized, of which
$1,000,000 have been issued, and $2,000,000 are reserved for future improvements and bet-
terments.
Directors.— M. E. Ingalls, C. E. Schaff, E. F. Osborn, Cincinnati, 0.; F. W. Whit-
ridge, Samuel Thomas, George R. Sheldon, New York, N. Y. OFFICERS: M. E. INGKALLS,
Pres.; C. E. Schaff, Vice-Pres.; E. F. Osborn, Sec., Cincinnati, 0.; Chas. F. Cox, Treas.,
New York, N. Y. ; P. A. Hewitt, Aud., Cincinnati, O. GENERAL OFFICE, Cincinnati, 0.
KANKAKEE AND SENECA EE.— Kankakee, 111., to Seneca, 111., 42.08 m.; total
track (steel, 25.58 m.), 50.19 miles. Gauge, 4 ft. 8y2 in. Rail, 56 Ibs.
History. — Chartered Feb. 22, 1881 ; road opened in Jan., 1882. Owned jointly by the
C., C., C. & St. L. and Chicago, Rock Island and Pacific Ry. Cos.
Operations, year ending June 30, 1902. — Train mileage — passenger, 188; freight,
10,557; mixed, 53,467— total, 64,212 miles. Passengers carried, 25,713; carried one mile.
432,324; 'average mile rate, 2.71 cents. Tons freight moved, 508,943; moved one mile,
40G POOR'S MANUAL OF RAILROADS — CKXTRAL NORTHERN GROUP.
13,919,140; average ton-mile rate, 0.414 cent. Earnings — passenger, $11,704.14; freight,
$57,661; mail and express, $4,479.84; rents, $255.70— total, $74,100.68. Expenses-
transportation, $40,146.01; rolling stock, $9,394; maintenance of way, $27,146.34;
general, $2,529.90 — total, $79,216.25. Deficit from operations, $5,115.57; add
interest on bonds, $39,000; taxes, $8,143.61— total, $47,143.61. Deficit, $52,259.18; deficit
forward, $687,742.67— total, $740,001.85.
General Balance Sheet, June 30, 1902. — Capital stock ($50 shares), $10,000;
funded debt (1st 6s of July 1, 1922), $650,000; interest unpaid, $780,000— total, $1,440,
000. Contra: Cost of road, $682,228.87; current assets, $17,769.28; profit and loss, $740,-
001.85— total, $1,440,000.
Directors.— M. E. Ingalls, E. F. Osborn, Cincinnati, O.; R. R. Cable, W. G. Purdy.
Chicago, 111.; T. P. Bonfield, Kankakee, 111. OFFICERS: T. P. BONFIELD, Pres., Kankakee,
111.; J. C. Davie, Sec.; F. D. Comstock, Treas., Cincinnati, O. PRINCIPAL OFFICE AND
ADDRESSS, Cincinnati, O.
MOUNT GILEAD SHORT LINE RR.— Mt. Gilead to Edison, O., 2 m.; total
track (steel; 2m.), 2.47 miles. Gauge, 4 ft. 8y2 in. Rail, 56 Ibs.
History.— Completed and opened May 3, 1880. Leased to the C., C., C. & St. L. Ry. Co.
for 20 years from April 15, 1880, renewable for one, two, or three like terms, but not to
exceed in the aggregate 99 years, at a rental equivalent to one-third of net earnings. The
road is owned by the corporation of Mt. Gilead.
Operations, year ending June 30, 1902. — Trains run (mixed), 19,426 miles. Passen-
gers carried, 27,521; carried one mile, 55,042. Tons freight moved, 13,974; moved one
mile, 27,948. Earnings— passenger, $2,387.43; freight, $2,042.07; other, $188.64— total,
$4,618.14. Operating expenses, $4,146.45; taxes, $281.44 — total, $4,427.89. Surplus,
$190.25; deficit forward, $19,030.66; net deficit, $18,840.41; advanced by C., C., C. A
St. L. Ry. Co.
Trustees.— J. H. POLLOCK, Pres.; N. G. Beebe, Sec.; M. B. Talmadge, R. B. Levering,
W. M. Carlisle, Mt. Gilead, O.
PEOBIA AND EASTERN RY.— Pekin, 111., to Indianapolis, Ind., 202.15 m.;
Springfield, O., to Indianapolis, Ind., 139.24 m. — total, 341.39 m.; total track (steel,
460.47 m.), 460.47 miles. Gauge, 4 ft. 8y2 in. Rail, 80 Ibs. The company has trackage
rights over the Peoria and Pekin Union Ry., from Pekin to Peoria, 111., 9.02 miles, making
a total of 350.41 miles operated.
History.— Reorganization, Feb. 22, 1890, of the Ohio, Indiana and Western Ry. Co.
(See MANUAL for 1898, page 418.) Leased till April 1, 1940, to the C., C., C. & St. L. Ry.
Co., but operations reported separately. The lessee owns a majority of the capital stock.
Rolling Stock, June 30, 1902. — Locomotives, 73. Cars — passenger, 33; baggage, 13;
postal, 3; freight (box, 1,674; coal and flat, 182; caboose, 38), 1,894; service, 206— total.
2,149. Of the box cars 191 are leased.
Operations, year ending June 30, 1902. — Train mileage — passenger, 816,097; freight,
858,942; other, 6,444 — total, 1,681,483 miles. Passengers carried, 823,627; carried one
mile, 30,803,014; average mile rate, 2.156 cents. Tons freight moved, 1,871,789; moved
one mile, 251,405,231 tons; average ton-mile rate, 0.692 cent. Earnings — passenger, $664,-
116.66; freight, $1,739,081.50; mail and express, $110,405.35; other, $5,146.93 — total,
$2,518,750.44. Operating expenses, $1,781,462.71. Net earnings, $737,287.73; other in-
come, $121,856.83— total, $859,144.56. Payments: Interest on bonds, $564,260; on debt,
$27,135; taxes, $83,175.06 — total, $674,570.06. Surplus, $184,574.50; surplus forward,
$376,419.40— total, $560,993.90. Less expended for permanent improvements, $271,509.73.
Net surplus, $289,484.17.
General Balance Sheet, June 30, 1902.— Capital stock, $10,000,000 ; funded debt,
$13,985,100; profit and loss, $289,484.17— total, $24,274,584.17. Contra: Cost of road,
etc., $24,000,000; P. & P. U stock, $125,000; cash and current assets, $149,584.17— total,
$24,274,584.17.
Funded Debt. — The funded debt June 30, 1902, consisted of $985,100 I., B. & W. preferred
1st 4s (extended) of April 1, 1940; $500,000 O., I. & W. preferred 1st gold 5s of April 1, 1938;
$8,500,000 consol. 1st 4s of April 1, 1940, and $4,000,000 consol. 2d income 4s of April 1, 1990
The C., C., C. & St. L. Ry. Co. guarantees the payment of Interest on all of the bonds except the In-
comes. The I., B. & W. preferred Ists are a first Hen on the line from Pekin, 111., to Indianapolis,
Ind. The O., I. & W. preferred Ists are a first lien on the line from Indianapolis, Ind., to Spring-
field, O., and a second Hen on the line from Pekin to Indianapolis. The consols are secured on the
entire property of the company, but subject to the Hens of the two divisional mortgages. They are
further secured by an assignment to the trustees of a $5,000,000 purchase-money hen on the line
between Indianapolis, Ind., and Springfield, O., by an agreement dated March 25, 1890, between the
Peoria and Eastern Ry. Co., the C., C., C. & St. L. Ry. Co., and the trustee of the mortgage. It is
agreed that in case of default under any of the mortgages the purchase-money lien may, at the
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM. 407
option of the trustee, at once become due and payable, and may either be sold as a part of the mort-
gaged premises or the trustee may proceed to foreclose the property in respect to which the lien was
declared and reserved. Additional particulars respecting the funded debt will be found in the Ready
Reference Bond List — see General Index.
Directors.— M. E. Ingalls, Cincinnati, O.; J. C. Tucker, Chicago, 111.; John A. Glover,
Urbana, 111. ; E. F. Osborn, Cincinnati, O. ; T. P. Bonfield, Kankakee, 111. OFFICERS : M. E.
INGALLS, Pres.; J. C. Davie, Sec.; F. D. Comstock, Trees., Cincinnati, 0. PBINCIPAL
OFFICE AND ADDBESS, Cincinnati, O.
NEW YORK CENTRAL SYSTEM.— THE INDIANA, ILLINOIS AND IOWA RAIL-
ROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OP SECTIONS.
Capital Account, Gross and
Net Revenue, etc, 1895-1902.. 5
Capital Stock 7
Directors and Officers 10
Earnings, Exp., etc., 1902 4
Earnings, Exp.,etc., 1895-1902. 5
Funded Debt. Details of 8
Gen. Bal. Sheet, June 30, 1902. 6
History 2
Leased Line, Statement of. . 9
Mile. Operated, June 30, 1902. 1
Mileage Operated, 1895-1902.. 5
Operations, June 30, 1901-2.. 1
Rolling Stock a
1. Main Line Owned.— South Bend, Ind., to Ladd, 111 192.11 miles.
Branches Owned: Bradley, 1.35; Cardiff, 4.16: DePue, 90; Churchill,
2.81 m. ; M. C. Connection, 1.28 ; Benton Harbor, 1.62 12.12 "
LEASED LINE: St. Joseph, S. Bend and South. RR.:(see appended statement) 39.44 "
TBACKAGE j Chicago, Burlington and Quincy RR. : Ladd to Zearing, 111 ... 6.05 "
RIGHTS: ( DePue, Ladd and Eastern RR.: Seatonville to Ladd, 111 1.94 "
Total mileage operated (owned, 204.23 m.) , June 30, 1902 251.66 miles.
Average mileage operated during fiscal year 302.93 "
Sidings, etc. (owned, 69.31 m. ; leased, 7.25 m.), 76.56 miles. Gauge, 4 ft. 8y2 in. Rail-
iron, 60 Ibs.; steel (owned, 273.54 m.; leased, 42.86 m.; total, 316.40 m.), 60 to 75 Ibs.
2. History.— Consolidation, Sept. 15, 1898, of the Indiana, Illinois and Iowa RR. Co.
with The Indiana, Illinois and Iowa Ry. Co. of the State of Indiana (see MANUAL for
1898, page 114). An extension from Streator to Seatonville, 111., 40.35 miles, was put in
operation on Nov. 1, 1900, and at the same time trackage rights were secured in the
C., B. & Q. RR. and in the DePue, Ladd and Eastern RR., from Seatonville to Fulton, 111.,
a distance of 64.8 miles. The through line was put in operation Jan. 6, 1901 (see MANUAL
for 1901, page 264) . On June 1, 1902, this company discontinued the use of the C., B. & Q.
tracks from Zearing to Fulton, 111., retaining, however, trackage rights from Ladd to Zear-
ing, a distance of 6.05 miles. The St. Joseph, South Bend and Southern RR. is leased for
50 years from March 1, 1900. The Lake Shore and Michigan Southern Ry. Co. owns
$4,853,900 of the $5,000,000 capital stock of this company.
3. Boiling Stock, June 30, 1902. — Locomotives, 52. Cars — passenger, 9; baggage,
mail and express, 6; freight (box, 445; flat, 115; coal, 735), 1,295; service, 42 — total cars,
1,352. Of this equipment, 4 locomotives, 1 passenger, 1 baggage, etc., 104 box, and 14
flat cars were leased, and 232 box cars were held under contract.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 297,619;
freight, 858,843 — total, 1,156,462 miles. Passengers carried, 218,248; carried one mile.
6,989,918; average mile rate, 1.67 cents. Tons freight moved, 2,143,861; moved one mile,
255,061,039; average ton-mile rate, 0.60 cent.
EARNINGS.
Passenger.
1900-01 1901-02
. $104,377 30 $116,838 79
EXPENSES.
Maintenance Way & Structures. . .
1900-01 1901-02
$158,458 83 $230,155 32
Freight
. 1,258,351 55 1,534,495 88
Maintenance of Equipment
95,634 93 133,201 88
21 250 38 20,883 19
Conducting Transportation
552,577 49 740,986 97
Miscellaneous
35,137 29 28,599 35
General Expenses
53,163 72 52,479 57
Totals
$1 419 116 52 $1 700817 21
Totals .
$859,834 97 $1,162,823 74
Averaees per Mile
5.339 84 5.614 56
Averages Der Mile —
3,235 38 3,838 59
Net earnings, 1901-02 (31.62 p. c.), $537,993.47. Payments: Interest on bonds, $184,-
783.33; on debt, $2,800; taxes, $62,593.80; rentals, $20,000; dividends (4 p. c.), $200,000 —
total, $470,177.13. Surplus, $67,816.34; surplus forward, $553,410.81; miscellaneous de-
ductions, $201.29— total, $621,025.86.
408
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN OROIIP.
5. Capital stock, bonded debt, gross and net revenues, etc., for eight years ending
June 30:
Years.
Capital
Stock.
Bonded
Debt.
$ $
1895... 3,597,800 1,884,368
1896... 3,597,800 1,856,661
1897... 3,597,800 1,832,741
1898... 3,597,800 1,807,410
1899... 3,697,800 2.500.000
1900... 5,000,000 3,000,000
1901... 5.000,000 4,500,000
1902... 5,000,000 4,SM,000
Cost*
Invest-
ment*.
1
5,802,127
RR.
Oper-
ated
Miles.
211.93
Gross
Earn-
ings.
739,618
Kxpcnsea A
Taxes.
S
587201
Net
Earn-
ings.
152 417
Interest
Paid.
$
63842
Divi-
dends
Paid.
$
Total
Pay-
ments.
$
77,176
Balance,
Surplus.
S
75,241
S^SQlisOS
158^61
7S6il31
583,976
202,155
75,300
76,440
125.715
5,970 520
155.44
738,289
575,846
1C2 443
75,300
75764
86679
5|983i387
189^38
820,884
600!454
2'9'930
75,300
79,330
140.600
f/377'207
18938
909 305
608 966
293339
112 575
116907
176,432
87451976
10,001,041
10,399,133
234~89
265.76
302.93
1.22M50
1.419,117
1,700,817
800,733
908,900
1,225,417
425J417
513,073
475,400
151,540
176,766
187,583
200,000
200.000
200,000
363,622
415,645
407,583
61,795
97,428
67,816
($. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $10,308,941 97
Lands Owned 34,368 09
St. J., S. B. & So. RR. Improvements. 7,397 28
Elkbart Extension 44,82557
Stock Owned 3,60000
Materials and Supplies 106,51123
Current Accounts 220,884 37
Cash on Hand 110,430 41
Total Assets $10,836,958 92
Capital Stock Paid in ($100 shares).. $5,000,000 00
Funded Debt Outstand. (see below). 4,850,00000
Current Liabilities 347.86681
Taxes Accrued, Not Due 18,06625
Surplus 821,025 86
Total Liabilities $10,836,958 92
7. Capital Stock. — The authorized capital stock is $6,000,000. The remaining $1,000,000 is
reserved to be Issued from time to time for such purposes as the Board of Directors may elect.
8. Funded Debt. — The funded debt on June 30, 1902, consisted of $4,850,000 1st gold 4s of
July 1, 1950, secured on the entire property of the company. The remainder of the authorized issue
of $12,000,000 of bonds is to be used only to construct, purchase, or acquire any railroad, branches,
or property of any description whatsoever in extension of, or additional to, the present railroads and
property of the said railroad company. The cost of such branches or extensions shall not exceed at
the rate of $18,000 for each mile of single track and on account of the cost of second track ( not in-
cluding sidings) on any part of the line of railroad, shall not exceed at the rate of $8,000 additional
for each mile of such track constructed, purchased, or acquired. And for any necessary improve-
ments or betterments to or upon the railroad and property covered by said mortgage, not including
extensions or branches purchased or constructed or acquired, shall not exceed in any one year the
sum of $200,000, or in the aggregate the sum of $1,500,000, and for the purchase or construction
of any equipment necessary for the operation of its lines of railway at any time covered by said
mortgage, at not to exceed in any one year the sum of $200,000, or in the aggregate the sum of
$3,000,000. Future issues of bonds issued under the same mortgage will bear interest at such
rates, not exceeding 4 p. c. per annum, as may be determined from time to time by the Board of
Directors.
9. RAILROAD LEASED BY THE INDIANA, ILLINOIS AND IOWA RR. Co.
ST. JOSEPH, SOUTH BEND AND
SOUTHERN RR St. Joseph, Mich., to South
Bend, Ind., 39.43 m. ; total track (steel; 60 IDS.),
47.42 miles.
HISTORY. — Reorganization in Jan., 1899, of
the Indiana and Lake Michigan Ry., formerly a
part of the Vandalia Line. (See MANUAL, for
1899, page 349.) Leased to the I., I. & I. RR.
for BO years from March 1, 1900.
FINANCIAL STATEMENT. — Capital stock
authorized, $750,000, consisting of $250,000 pre-
ferred stock and $500,000 common stock, of which
$135,000 preferred
stock are issued.
stock and $480,000 common
The common stock, except
enough shares t.o qualify directors, is held by
Morgan G. Bulkley, Sylvester G. Dunham and
Colgate Hoyt, trustees, who will constitute a
voting trust to control the property for five
years.
CORPORATE OFFICERS. — Moses L. Scudder.
Pres. ; Colgate Hoyt, Vice-Pres. ; Harold Scud-
der, Sec. ; Frank H. Carter, Treas., New York,
N. Y. Offices, 32 Liberty St., New York, N. Y.,
and St. Joseph, Mich.
H. B. Ledyard.. Detroit, Mich.
W. J. Calhoun Chicago, 111.
E. A. Handy Cleveland, O.
1O. Board of Directors, I., I. & I. RR. Co., elected January 21, 1903.
W.K.Vanderbilt.New York.N.Y. E.D.Worcester.. New York, N.Y.
W. H. Newman. E.V.W.Rossiter
Wm. C. Brown.. H. McK. Twombly "
W. H. NEWMAN, President New York, N. Y.
Wm. C. Brown, V ice-President Chicago, 111.
Sec. <t Treas. — E. D. Worcester. .New York.N.Y. I Gen. Supt. — W. H. Marshall Cleveland, O.
Asst.8ec.dAsst.Tr. — R. P. Ahrens... Cleveland, O. | Auditor — M. J. Edgeworth Kankakee, 111.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
NEW YORK CENTRAL SYSTEM.— LAKE ERIE AND WESTERN RAILROAD
COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NTJMBEBS OF SECTIONS.
Capital Stock 6
Directors and Officers 12
Earnings, Exp., etc., 1901-2.. 5
Earnings, Exp., etc., 1895-1902. 8
Funded Debt, Details of 7
Gen. Bal. Sheet, Dec. 31, 1902. 8
Gen. Bal. Sheet, 1895-1902 8
Guaranteed Bonds 3
History 3
Income Acct., Dec. 31, 1902.. 5
Income Account, 1895-1902 8
Leased Line, Statement of.. 11
Mile, and Equip., 1895-1902...
Mile. Operated, Dec. 31, 1902.
Operations & Inc., 1895-1902...
Rolling Stock, Dec. 31, 1902..
Stocks Owned
Trackage and Term. Rights.
POOR'S MANUAL NEW YORK CENTRAL SYSTEM. 409
1. Mileage Operated, Dec. 31, 1902.— A. LINES OWNED (total, 717.57 miles).
Main Line: Sandusky, 0., to Peoria, 111 417.57 miles.
Indianapolis & Michigan City Div.: Indianapolis, Ind., to Michigan City, Ind. 160.65 "
Fort Wayne and Cincinnati Division: Fort Wayne, Ind., to Connersville, Ind. 105.22 "
Minster Branch : St. Mary's, O., to Minster, O 10.00 "
Rushville Branch: Newcastle, Ind., to Rushville, Ind 24.13 "
B. LEASED LINE: Northern Ohio Ry.: Delphos, O., to Akron, 0 162.00 "
O. TRACKAGE RIGHTS (total, 7.43 miles) :
Peoria and Pekin Union RR. : L. E. & W. Junction to Peoria, 111 2.43
Indianapolis Union Ry. : Washington St. to Union Depot, Indianapolis . . 0.79 "
P., C., C. d St. L. Ry.: New Castle Junction to New Castle, Ind 2.25 "
Michigan Central RR.: Mich. Cent. June, to Depot, Michigan City, Ind. 0.56 "
L. 8. & M. 8. Ry.: P., F. W. & C. Crossing to Depot, Ft. Wayne, Ind 1.40 "
Total length of all lines operated, Dec. 31, 1902 887.00 miles.
Sidings (owned, 215.84 m.; leased, 17.82 m.), 233.66 miles. Gauge, 4 ft. 8^ in. Rail
(steel — owned, 834.07 m.; leased, 178.84 m. — total, 1,012.91 m.), 65 to 100 Ibs.
2. Trackage and Terminal Rights. — The C., C., C. & St. L. Ry. Co. uses 18.7 m. of this
company's tracks between La Fayette and Templeton, paying therefor a fixed rental of $10,098
per annum, and cost of repairs and renewals, based upon usage, and about one mile of main track
through Rushville, paying therefor a rental of $750 per annum. The P., C., C. & St. L. Ry. Co. uses
55 m. of this company's tracks between Indianapolis and Kokomo, paying therefor as rental $24,371
per annum, and cost of repairs and renewals, based upon usage. The C. I. & L. Ry. Co uses the
joint tracks of this company and the C., C., C. & St. L. Ry. between Massachusetts Avenue and Wash-
ington Street at Indianapolis, paying therefor as rental $5,466.66, one-half of which is received by
this company. At Indianapolis this company uses the tracks and Union Passenger Depot of the
Indianapolis Union Ry. Co., for which a rental of $10,858.52 per annum is paid. At Peoria this
company uses the tracks, depots, and terminal facilities of the Peoria and Pekin Union Ry. Co., for
which a rental of $22,500 per annum is paid. At Ft. Wayne this company uses the tracks, depots
and terminals of the Lake Shore and Michigan So. Ry., for which rental is paid, based on usage.
From New Castle Junction to New Castle this company uses the main track of the P., C., C. & St. L.
Ry. Co., 2.25 m., for which a rental of $300 per month is paid, which includes maintenance. At
Michigan City this company uses terminals and service of the Michigan Central RR. Co., for which
$2,700 per year is paid.
3. History. — Organized Feb. 10, 1887, to take over the property of the L. E. & W. Ry.
Co., which was sold under foreclosure on Dec. 13, 1886. (See MANUAL for 1888, page 472.)
The NortBern Ohio Ry. is leased for 999 years from Oct. 1, 1895, but the results from its
operation were not included in the income account before 1901. This company owns the
entire common stock of the N. O. Ry. Co. and guarantees its bonds, both as to principal
and interest. A majority of each class of the capital stock of this company is held by the
Lake Shore and Michigan Southern Ry. Co.
4. Rolling Stock, Dec. 31, 1902.— Locomotives, 87. Cars— passenger (1st class, 18;
2d class, 30; passenger and baggage, 6; chair, 2; mail and smoking, 6; parlor and caf6, 3),
05; baggage, mail, and express, 22; freight (box, 4,212; flat, 392; stock, 163; coal,
119; refrigerator, 20), 4,906; service cars, 195 — total cars, 5,188.
5. General Income Account, year ending December 31, 1902.
Earnings— Passenger $1,203,955 46
Freight 3,260,69004
Mail and Express 147,544 29
Miscellaneous 87,15044
Total ($5,298.01 per mile) $4,699,340 23
Expenses — Maint. of Way and Struct. . $914,021 88
Maintenance of Equipment. 531,983 83
Conducting Transportation. 1,788,586 48
General Expenses 112,251 07
Total ($3,773.22 per mile) $3,346,843 26
Net earnings (28.78 p. c.), $1,352,496.97; other income, $4,940— total, $1,357,436.97.
Payments: Interest on funded debt (1st mtge., $362,500; 2d mtge., $181,250), $543,750;
interest on Northern Ohio Ry. bonds, $125,000; taxes, $204,521.85; investments (Burling-
ton Elevator stock, $1,000; Peoria & Pekin Union bonds, $30,000), $31,000; dividends on
preferred stock (4 p. c.), $473,600— total, $1,377,871.85. Deficit. $20,434.88; surplus for-
ward, $645,495.85— total, $625,060.97.
6. Capital Stock.- — The capital stock consists of preferred and common shares, $11,840,000
of «ach. Par value of shares, $100 each. Preferred stock has priority over common stock for divi-
dends up to the rate of 6 p. c. per annum, non-cumulative.
T. Fan tied Debt.— The funded debt on Dec. 31, 1902 — total, $10,875,000, as per general
balance sheet — consisted of (1) $7,250,000 ($10,000 per mile auth. ) 1st 5s of Jan. 1, 1937, and (2)
$3,625,000 ($5,000 per mile auth.) 2d 5s of July 1, 1941. The bonds are secured In the order of
their priority, on the entire property of the company. Additional particulars will be found in the
Ready Reference Bond List — see General Index.
POOR S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
8. Statement of operations and income of the L. E. A W. RR. for six years, 1895 to
1900 inclusive, and of the entire system for the years 1901 and 1902; also general balance
of the L. E. & W. RR. Co. for the entire period :
1895
1896
1897
1898
1899
1900
1901
1902
Miles RR. Oper. (sv.).
Pass. Train Miles
Freight Train Miles ...
Total Train Mflee
Passengers Carried
Pass. Carried 1 Mile . . .
Tons Freight Moved . .
Tons Frt. Moved 1 Mile
Earnings — Passenger .
Freight
725.00
1,110,448
1,348,652
2,525,173
1,337,008
36,350,555
2,155,730
335,987,337
$
883.642
2,222,517
122,799
290,146
725.00
1,123,322
1,312,469
2,489,130
1,316,232
35,111,856
2,133,%2
345,702,976
S
831,548
2,136,590
119,411
256,725
725.00
1,122,919
725.00
1.119,345
725.00
1,148,440
725.00
1,235,847
887.00
1,334,086
887.00
1,548,688
• 1,285,330
2,469,082
1,237,186
2,399,326
1,315,895
2,530,141
1,517,556
2,978,451
1,648,377
3,137,196
1,742,908
3,291,596
1,267,888
37,223,354
2,303,762
373,578,529
$
794,945
2,255,272
119,260
269,920
1,390,956
39,635,049
2,340,072
305.558,437
$
847,250
2,265,823
120,879
233,426
1,579,640
47,023,118
2,750,347
431,327,549
1
929,050
2,581,994
122,090
271,043
1,772,969
52.279,884
2,906,141
479,111,654
$
1,035,822
2,941,006
127,105
179,847
1,874,091
56,441,115
3,393,168
.504,536,990
f
1,107,932
3,201,461
141,015
1113,339
2,082,251
64,578,755
3,418,106
456,713,963
$
1,203,955
3,260,690
147,544
|92,091
Mail <fe Express. . .
Miscellaneous
Total Earnings
Operating Expenses . . .
Net Earnings
Paym'ts-Int. on Bonds
In. onN.O.Bd
Taxes
3,519,104
1,916,144
3,344,274
1,917,259
3,439,397
1,976,115
3,467,378
2,002,085
3,904,177
2,110.812
4,284,780
2,737,793
4,563,747
3,182,818
4,704,280
3,346,843
1,602,960
467,500
1,427,015
471,708
125,000
187,119
41,799
1,463,282
492,500
125,000
187,410
41,726
1,464,693
509,726
*1,404,611
193,031
42,670
197,978
(3) 444,000
1,793,365
543,750
105,000
195,879
44,343
703,249
1,546,987
543,750
100,000
187,069
t
1,380,929
543,750
125,000
206,983
t
1,357,437
543,750
125,000
204,522
t
131,000
(4) 473,600
192,440
41,846
246,669
(5) 592,000
Reniof Track
Betterm'ts&Imp.
Div.onPfd. Stock.
Total Payments —
Balance, Surplus
Gross Earn, per Mile . .
Gross Exp. per Mile . . .
Net Earnings p. Mile. . .
Expenses to Earnings...
Av.Rate p.Pass.p.Mile .
Av.Ratep.Tonp. Mile
Miles RR. Owned
Miles Track Owned ...
Miles Steel Rails
(5) 592,000
(5) 592,000
(4) 473,600
(4) 473,666
1,540,455
62,505
4,88764
2,661 31
2,220 33
54.45 p.c.
2.43 c.
0.661 c.
710.61
893.71
693.44
119
62
18
5,339
1
23,680,000
10,875,000
1,190,806
22,923
552,184
1,055,546
1.417,626
9,389
4,64482
2,662 86
1,981 96
57.33 p.c.
2.32 c.
0.618 c
710.61
896.60
706.48
113
62
18
5,231
$
23,680,000
10,875,000
1,626,755
38,576
213,264
1.064,935
1,438,636
24,647
4,776 94
2,744 60
2,032 34
57.46 p.c.
2.09 c.
0.604c.
710.61
896.56
711.61
110
62
18
5,026
S
23,680,000
10,875,000
1,284,690
42,878
187,973
1,089,582
2,792,016
t-1,327,323
4,815 80
2,781 51
2,034 29
57.76 p.c
2.10 c.
0.620 c.
710.61
900.50
756.37
109
61
18
4,768
23,680,000
10,875,000
513,826
34,244
1,954,737
331,268
1,592,221
201,144
5,422 47
2,931 68
2,490 79
54.07 p.c.
1.94 c.
0.599 c.
710.61
903.47
816.68
106
61
18
6,114
23,680,000
10,875,000
615,630
34,544
135,000
577.410
1,304,419
242,568
5,910 04
3,776 27
3,776 27
63.90 p.c.
1.94c.
0.414 c.
710.61
903.47
823.14
107
61
18
5.615
S
23,680,000
10,875,000
850,615
1,349,333
31,596
5.110 71
3,588 30
1,522 41
70.21 p.c.
1.96 c.
0.635c.
710.61
919.98
834.00
119
» 65
21
5,471
$
23,680.000
10,875,000
892,485
1,377,872
—20,435
5,29801
3,773 22
1,524 79
71.22 p.c.
1.86 c.
0.714 c.
710.61
926.45
834.07
87
65
22
5,101
S
23,680,000
10,875,000
938,169
Baggage, etc., Cars. . . .
Freight* Other Cars..
Capital Stock ...•
Funded Debt
Current Liabilities ....
Suspense Accounts. . . .
Other Liabilities
Profit and Loss
135,000
819.978
310,000
645,496
205,110
625,061
Total Liabilities ....
Cost of Road & Equip. .
Securities Owned
Materials & Supplies . .
Cash A Current Assets.
Other Assets
37,376,459
33,572,582
207,376
60,241
2,945,273
589,987
37,498,530
34,072,582
207,376
137,260
2,846,689
234,623
37,160,122
34,072,582
212,376
138,517
2,530,810
205,837
37,389,075
34,659,327
1,579,737
145,067
629,944
375,000
35,917,584
34,659,327
135,000
225,118
898,139
36,360,593
34.659,327
135,000
250,267
1,315,999
36,402,981
34,659,327
110,000
218,350
1,415,304
36,323,340
34,659,327
141,000
202,729
1,281,909
38,375
Total Assets
37,375,459
37,498,530
37,160,122
37,389,075
35,917,584
36,360,593
36,402,981
36,323,340
*Including investments In stocks and bonds and advances to Northern Ohio Ry. Co. fTo thirf
amount should be added the net excess of credits to Income account — betterments credited back and
charged cost of road and equipment, $1,989,377.50 ; dividend of P. & P. Union Ry. stock for 1895,
1896, and 1897, $18,000 — total, $2,107,377.50 ; less sundry debits as follows : discount on 2d mtge.
bonds sold, $25,625 ; depreciation of L. E. & W. equipment, $1,402,632.49 ; depreciation of C. R. C.
line Investments, $94,634.35 ; sundry accounts written off, $15,476.85 — total, $1,538,368.69. Net
excess, $569,008.81. ^Included In operating expenses, $44,342. §Includlng Income from other
sources In 1901, $30,543.21 ; In 1902, $4,940. Iflnvestments In stocks and bonds.
9. Securities Owned, Dec. 31, 1902 : $100,000 stock of Peorla and Pekln Union Ry. Co. ;
$15,000 stock of Lafayette Ry. Land and Improvement Co., valued at $5,000 on the books of the
company ; $6,000 stock of Burlington Elevator Co., and $30,000 bonds of Peorla & Pekln Union Ry.
Co. Total par value of securities owned, $151,000; ledger value,. $141, 000.
POOR S MANUA1
-NEW YORK CENTRAL SYSTEM.
411
1O. General Balance Sheet, year ending December 31, 1902.
Cost of Road and Equipment 134,669,32709
Material on Hand 202,72874
Taxes Paid, Chargeable in 1903 35,72156
Securities Owned 141,00000
N. O. Ry. (advanced acc't A. & B. B.
RR. Co. Stock) 38,375 00
Current Accounts 456,087 89
Suspense Account 13,706 19
Cash in Transit 118,79700
Cash on Hand 657,59692
Total Assets $36,323,340 39
Capital Stock (see below) $23,680,00000
Funded Debt (see below) 10,875,00000
Accrued Interest 312,625 00
Investments in Stocks and Bonds 141,00000
Current Liabilities 359,337 41
Dividends Payable Jan. 15, 1903 236,80000
Cleveland and New Castle Ry 29,406 72
Special Improvement Fund 64,11029
Profit and Loss 625,06097
Total Liabilities $36,323,340 39
11. RAILBOAD LEASED BY THE LAKE ERIE AND WESTERN RR. Co.
NORTHERN OHIO RY. — Delphos, O., to
Akron, O., 162 m. ; total track (steel, 178.84 m.),
179.82 miles. Rail, 60 Ibs.
HISTORY. — Successor, after foreclosure sale,
Aug. 10, 1895, to the Pittsburgh, Akron and
Western RR. Co. (See MANUAL for 1895, page
160). Leased for 999 years from Oct. 1, 1895, to
the Lake Erie and Western RR. Co., the lessee
guaranteeing the principal and interest of an
authorized issue of $4,000,000 1st mtge. 5 p. c.
gold bonds. This company is controlled by the
Lake Erie and Western RR. Co., through owner-
ship of the entire common stock, but operations
were reported separately prior to 1901.
BALANCE SHEET, Dec. 31, 1902. — Com-
mon stock ($100 shares), $3,580,000; preferred
stock ($100 shares), $650,000; funded debt (1st
gold 5s of Oct. 1, 1945), $2,500,000; other liabili-
ties, $865,042 — total, $7,595,042. Contra: Cost of
road and equipment, $6,736,673; preferred stock
in treasury, $2,100 ; stock, Akron & Barberton
Belt RR., $38,375; profit and loss, $817,894 — total,
$7,595,042.
FUNDED DEBT. — The authorized issue of
bonds is at the rate of $15,000 per mile. They
are guaranteed, principal and interest, by the
Lake Erie and Western RR. Co., and are se-
cured on the entire property now owned and
will be secured on not to exceed 100 miles of
road to be hereafter constructed or acquired.
CORPORATE OFFICERS. — Wm. H. Newman,
Pres. ; C. F. Cox, Vlce-Pres., Treas. & Sec., New
York, N. Y. Office, Indianapolis, Ind.
12. Directors.— Term expires in Oct., 1903: Geo. F. Baker, H. McK. Twombly, Wm.
H. Newman, New York, N. Y. Term expires in Oct., 1904: H. W. Cannon, F. W. Vander-
bilt, W. C. Brown, New York, N. Y. Term expires in Oct., 1905: W. K. Vanderbilt, J.
Pierpont Morgan, F. W. Whitridge, New York, N. Y.
W. H. NEWMAN, President New York, N. Y.
Wm. C. Brown, Vice-President
Chas. F. Cox, Vice-President, Secretary and Treasurer.
Atst. Treas.— F. Mlddlebrook..New York, N. Y. | Auditor — W. A. Wlldhack Indianapolis, Ind.
PRINCIPAL OFFICE AND ADDRESS Indianapolis, Ind.
New York Office.. ..Grand Central Station.
NEW TORE CENTRAL SYSTEM.— LAKE SHORE AND MICHIGAN SOUTHERN
RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 13
Dividends 4c
Earnings, Exp., etc., 1902 4
Earn's, Exp., etc., 1896-1902... 5
Equipment, Maintenance of. 4b
Funded Debt, Details of 8
Gen. BaJ. Sht., Dec. 31, 1902. . 6
Mile. Operated Dec. 31, 1902.. 2
Operat'ns and Inc., 1896-1902.. 5
Proprietary Roads, Cost of... 9
Rolling Stock Z
Stocks and Bonds Owned 11
Capital Stock 7 | Gen. Bal. Sht, 1896-1902 5
Income Acct., Dec. 31, 1902.. 4
Income Account, 1896-1902 6
Investments in Leased Lines. 10
Leased and Owned Lines,
Statements of 12
Mileage and Equip., 1896-1902. 5
1. History. — Consolidation, in 1869, of the Michigan Southern and Northern Indi-
ana, the Cleveland and Toledo, the Cleveland, Painesville and Ashtabula, and the Buffalo
and Erie RR. Cos. (See MANUAL for 1885, page 549.) The proprietary roads have been
acquired from time to time since the consolidation. The company owns a majority of the
shares of the New York, Chicago and St. Louis RR. Co., Pittsburgh and Lake Erie RR.
Co., and Lake Erie and Western RR. Co., besides owning 112,240 shares of the stock of
the Cleveland, Cincinnati, Chicago and St. Louis Ry. Co., 96 p. c. of the capital stock of
the Indiana, Illinois and Iowa RR. Co. and 50 p. c. of the capital stock of the Detroit,
Toledo and Milwaukee RR. Co. (See Sec. 10 for ledger valuation of stocks and bonds
owned by the company.)
In Jan., 1903, the company acquired the entire $3,000,000 capital stock of the Lake
412 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP. .
Erie, Alliance and Wheeling RR. Co. and the entire $2,000,000 capital stock of the Lake
Erie, Alliance and Wheeling Coal Co.
The New York Central and Hudson River RR. Co. owns about 91% p. c. of the capital
stock of this company (see MANUAL for 1898, page 488). The railroad forms a part of
the New York Central system, but is operated as an independent organization.
2. Mileage Operated, Dec. 31, 1902.— A. LINES OWNED (total, 860.53 miles).
Main Line: Buffalo, N. Y., to Chicago, 111 540.04 miles.
tfandusky Division: Elyria Junction to Millbury Junction, O. via Sandusky. 73.24
Sandusky Pier Branch : Sandusky Junction to Old Pier Depot, 0 3.88
Air-Line Division: Air-Line Junction to Elkhart, Ind 131.10 "
State Line Branch: Air-Line Junction to Ohio-Mich. State Line 7.61 "
Jackson Branch: Lenawee June, to Jackson, Mich 42.16
Monroe Branch: Lenawee Junction to Monroe, Mich 29.45 "
Ashtabula Branch: Ashtabula, O., to State Line, Pa 30.72
Ashtabula Harbor Branch: Ashtabula to Ashtabula Harbor, 0 2.33 "
B. PROPRIETARY ROADS (total, 231.33 miles).
Central Trunk RR. : Ohio State Line to Jamestown, Pa 5.26
Detroit, Monroe d Toledo RR. : Ohio State Line to Detroit, Mich 54.76
Kalamazoo & White Pigeon RR. : White Pigeon to Kalamazoo, Mich 36.54
"Northern Central Michigan RR.: Jonesville to North Lansing, Mich 61.36
Detroit and Chicago RR. : Grosvenor, Mich., to Fayette, 0 25.56
Hturgis, Goshen and St. Louis RR.: Goshen, Ind., to Findley, Mich 36.13
Elkhart and Western RR.: Elkhart to Mishawaka, Ind 11.72
O. LEASED LINES (total, 319.30 miles).
Kalamazoo, Allegan d Grand Rapids RR.: Kalamazoo to Grand Rapids,Mich. 58.45
Jamestown and Franklin RR.: Jamestown to Oil City, Pa., and branch. . . . 50.91
Mahoning Coal RR.: Andover to Youngstown, Ohio, and branches 47.35
Detroit, Hillsdale and Southwestern RR.: Ypsilanti to Banker's, Mich 64.76
Fort Wayne and Jackson RR.: Fort Wayne, Ind., to Jackson, Mich 97.83 "
Total length of road operated, Dec. 31, 1902 1,411.16 miles.
2d track, 521.99 m.; 3d track, 9.63 m.; sidings, 873.84 miles. Gauge, 4 ft. Sy3 in. Rail
(steel, 2,814.30 m), 60, 65, 71 and 80 Ibs.
The old main line between Silver Creek and Dunkirk, 7.84 miles, double track, is
leased to the N. Y., C. A St. L. RR. Co., and used in connection with that company's main
track. Total length of lines owned and leased, 1,419 miles, and the total length of 2d
track owned is 529.83 miles. The proprietary lines are wholly owned and their accounts
are included in those of the L. S. & M. S. Ry. Co.
3. Boiling Stock, Dec. 31, 1902. — Locomotives, 616. Cars — passenger (1st class,
216; smoking, 40; combination, 42; emigrant, 5), 303; postal, 35; baggage, 74; dining
and buffet, 19; freight (box, 12,182; stock, 621; flat, 2,417; gondola, 7,703; coal and
ore, 230), 23,153 — total revenue cars, 23,584. Also 801 work cars and the following
floating equipment: 1 tug, 1 dredge, and 2 scows.
4. General Income Account, year ending December 31, 1902.
Earnings— Passenger $6,461,093 96
Freight 21 ,016,391 05
Mail and Express 2,458,30646
Miscellaneous 513,50097
Total ( $21,577.49 per mile) $30,449,292 44
Expenses — Maint. of Way and Struct. $6,005,395 99
Maintenance of Equipment 4.110,948 96
Conducting Transportation 10,660,929 16
General Expenses 408,39914
Total ($15,012.94 per mile) $21,185,673 25
Net earnings (30.42 p. c.), $9,263,619.19; add interest and dividends, $1,668,564.56—
total, $10,932,183.75. Payments: Interest on funded debt accrued, $2,041,165.17; interest
on bills payable, $256,087.09; taxes, $803,391.09; lease rentals, $1,042,667.45; dividends
(10 p. c.) on guaranteed stock, $53,350; on common (7 p. c.) $3,462,655 — total, $7,659,-
315.80. Surplus, $3,272,867.95; surplus forward, $14,794,666.77 — total, $18,067,534.72.
Deduct payments incidental to exchange of unmatured bonds for new 3l/2 p. c. gold bonds.
$13,296.85; sundry accounts written off, $25,361.26 — total deductions ($38,658.11, less
$6,261.58, amount of sundry accounts credited), $32,396.53. Net surplus, $18,035,138.19.
POOK S MANUAL NEW YORK CENTRAL SYSTEM.
413
4a. Maintenance of Way and Structures.— In addition to the ordinary expenses,
this amount includes the sum of $2,768,787.89 for construction and betterments on depot
buildings, docks, slips, ore and coal handling plants, etc.
41». Maintenance of Equipment.-The cost of maintenance includes, besides $2,687.-
275.96 for repairs, etc., $1,423,673 expended for new equipment, as follows- Locomotives,
$973,844; passenger cars, $188,887; freight cars, $217,112; other rolling stock, $43,830.
4c. Dividends. — A statement showing the dates and rates of all cash dividends
paid by the company to and including that of Feb. 3, 1898, is in the MANUAL for 1898,
page 491. Later payments are shown in the table of Dividends Paid by Railroad Com-
panies. (See GENERAL INDEX.)
5. Statement of operations, capital account, etc., for seven years ending Dec. 31.
1896
1897
1898
1899
1900
1901
1902
Miles Railroad Operated
1,439.66
4,655,339
7,391,380
1,436.7
4,616,220
7,703,105
1,410.3
4,748,428
7,866,833
1,413.4
4,810,987
7,991,932
1,411.3
5,038,001
7,963,835
1.411.1
5,514,067
7.552,961
1,411.16
5.688,252
7,031,614
Freight Train Miles
Total Revenue Miles
12,046,719
4,519,887
211,120,5%
$4,520,045
2.141 c.
13,662,419
2,377,034,118
$13,289,042
0.549 c.
I
20,193,958
12,964,241
12,319,325
4,297,745
210,487,402
$4,247,717
2.018 c.
14,037,284
2,473.436,580
$13,734,282
0.545 c.
$
20,297,722
12,866,976
12,615,261
4,292,573
204,373,574
$4,281,422
2.095 c.
15;551,976
2,771,978,098
$14,022,756
0.502 c.
$
20,753,683
13,233,129
12,802,919
4,662,455
233,232,854
84,849,129
2.079 c.
18,087,694
3,414,880,381
$16,115,690
0.472 c.
$
23,613,946
15,121,656
13,001,836
4,964,034
264,562,686
$5,382,787
2.035 c.
19,848,475
3,620,829,452
$18,317,427
0.505 c.
$
26,466,514
16,598,661
13,067,028
5,951.341
376,084,739
$6,805,208
1.809 c.
21,532,425
4,006,554,001
$19,616,097
0.489 c.
$
29,272,675
19,502,311
12,719,866
5.553.930
312,342,607
$6,461,094
2.069 c.
24,059,475
4,053,501,252
$21,016,391
0.517 c.
$
30,449.292
21.185,673
Average Rate per Mile
Average Rate per Mile
7,229,717
354,811
7,430,746
395,621
7,520,554
346,810
8,492,290
376,052
9,867,853
749,621
9,770,364
1,329,290
9,263,619
1,668,565
7,584,528
761,914
3,117,745
629,119
(10) 53,350
(6) 2,967,990
54,410
14,026 89
9,005 07
5,021 82
64.20 p.c.
1,125.35
2,659.18
2,647.18
548
313
105
20,046
$
50,000,000
44,516,000
1,129,014
1,526,500
11,535,220
7,826,367
675,515
2,716,347
635,895
(10) 53,350
(6) 2,967,990
777,270
14,128 02
9,165 10
4,962 92
63.39 p.c.
1,089.60
2,651.03
2,643.50
518
311
110
19,421
$
50,000,000
48,247,500
1,295,681
1,527,004
7,551,832
7,867,364
694,890
2,439,410
656,489
(10) 53,350
(7) 3,462,655
560,570
14,715 79
9,383 20
5.332 50
63.76 p.c.
1,101.32
2,677.19
2,672.11
526
309
112
19,483
$
50,000.000
48,408,500
1,385,807
1.772,750
7,350,713
8,868,342
710,489
2,314,753
732.488
(10) 53,350
(7) 3,462,655
1,594,607
16,707 19
10,698 78
6.008 41
64.04 p.c.
1,101.32
2,697.44
2,692.58
544
331
99
20,477
$
50,000,000
48,562,000
2,019,324
1,809,594
8,389,482
10.617,474
709,134
2,273,312
923,247
(10) 53,350
(7) 3,462,655
3,195,775
18,753 29
11,761 26
6.99203
62.72 p.c.
1,099.70
2,732.66
2,729.06
524
326
104
20,628
$
50,000,000
50,725,000
*9,927,265
1,758,002
11.248,633
11,099.654
707,918
2,266,657
916,604
(10) 53,350
(7) 3,462,655
3,692,470
20.745 04
13.820 06
6,924 98
66.62 p.c.
1,099.70
2,780.50
2,777.57
582
326
105
22,345
$
50,000,000
50,755,000
t8,li70.001
1,758,002
14,794.667
10,932,184
803,391
2,297,252
1,042,668
(10) 53,350
(7) 3,462,655
3,272,868
21.577 49
15.012 94
6,564 55
69.58 p.c.
1,099.70
2,816.62
2,814.30
616
322
109
23.153
$
50,000,000
51,266,000
19,247,992
1,758,002
18,035,138
Lease Rentals . . .
Guar. Dividends .
Com. Dividends. .
Gross Earnings per Mile
Oper. Expenses per Mile. . . .
Net Earnings per Mile
Expenses to Earnings
Miles Railroad Owned
Miles Track Operated
Miles Steel Rail
Freight and Other Cars
Capital Stock.
Funded Debt
Total Liabilities
108,706,734
84,000,000
5,250,614
14,612,451
948,568
3,895,101
108,622,017
84,000.000
5,095,837
14,589.978
960,048
3.976,154
108,917.770
84,000,000
5,320,837
14,533,178
943,758
4,119,997
110.780.400
84,000,000
5,320,837
14,731,269
967,202
5,761,092
123,658,900
84,000,000
5.2SO..S37
27,675.991
1,058,911
5,643.161
125.978.270
84,000,000
5,344,309
30,152,153
1,343.586
5,138,222
130.307,132
84,000,000
5,344,309
36.090,624
1.961,043
2,911,156
Other Investments
Cash and Current Assets. . . .
Total Assets
108,706,734
108,622.017
108.917,770
110,780,400
123.658,900
125,978,270
130,307.132
* Includes bills payable, $6,000,000. t Includes $4,000,000 bills payable.
000 bills payable.
J Includes $5,000,-
414 POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
6. General Balance Sheet, December 31, 1902.
Cost of Road and Equipment $84,000,000 00
Proprietary Roads (see Sec. 9) 5,344,309 11
Investment in Leased Lines (see
Sec. 10) 2,323,846 98
Stocks and Bonds Owned (see Sec. 11) 32,769,592 35
Real Estate Purchases 997,184 92
Materials and Supplies 1,961,043 33
Current Assets 2,911,15536
Capital Stock, Guaranteed. $533,500
Capital Stock, Common 49,466,500— $50,000,000 00
Funded Debt ( see Sec. 8) 51,266,000 00
Bills Payable 5,000,000 00
Interest and Rentals Accrued 275,783 79
Taxes Accrued 50,000 00
Current Liabilities 3,922,20757
Dividends Payable Feb. 1, 1903 1,758,002 50
Profit and Loss 18,035,138 19
Total Assets $130,307,132 05
Total Liabilities $130,307,132 05
7. Capital Stock. — The guaranteed stock is the preferred stock of the former Michigan
Southern and Northern Indiana RR. Co. It is guaranteed dividends at the rate of 10 p. c. per
annum, which are payable on the 28th of Jan. and July, in New York, N. Y. Par value of stock,
both classes, $100 per share.
8. Funded Debt. — The funded debt as per general balance sheet of Dec. 31, 1902, consisted
of the following issues (additional particulars will be found in the Ready Reference Bond List — see
General Index) :
BONDS OF L. S. & M. S. Ry. Co.
f 6,U88,OUO conaol. 2d gen. 7s of Dec. 1, 1903,
secured by first mortgage on 860.53 miles of road
owned by the company.
943,844,000 gold 3Js of June 1, 1997. Author-
ized issue. $50,000,000. Bonds are reserved for the
letirement of the consol. 2d gen. mtge. 7s, which
must be retired at maturity. After Dec. 1, 1903,
therefore, the gold bond mortgage will be the
first Hen upon the entire property of the com-
pany, including future acquisitions, as specified
in the mortgage.
GUARANTEED BONDS.
984O,OOO Kalamazoo, Allegan and Grand
RapMs RR. 1st 5s of July 1, 1938, secured by first
mortgage on the line from Kalamazoo to Grand
Rapids, Mich., 58.45 miles.
fl,5OO,OOO Mahoning Coal RR. 1st 5s of July
1, 1934, secured by first mortgage on 39 miles of
road (see statement in Sec. 12).
979,OOO Battle Creek and Sturgis RR. 1st gold
3s of Dec. 1, 1989, secured by first mortgage on
7 miles of the Sturgis, Goshen and St. Louis RR.,
from Sturgis to Findlay. Guaranteed by the L.
S. & M. S. Ry. Co.
9322,OOO Sturgis, Ooshen and St. Louis RR.
1st gold 3s of Dec. 1, 1989, secured by first mort-
gage on the line from Sturgis, Mich., to Goshen,
Ind., 2!) miles. Guaranteed by the L. S. & M. S.
Ry. Co.
9924.OOO Detroit, Monroe and Toledo RR. lit
Is of Aug. 1, 1906, secured by first mortgage on
the line from Detroit, Mich., to State line of
Ohio, 54.76 miles. Guaranteed by the L. S. &
M. S. Ry. Co.
94OO,OOO Kalamazoo and White Pigeon RR.
1st 5s of Jan. 1, 1940, secured by first mortgage
on the line from Kalamazoo to White Pigeon,
Mich., 36.54 miles. Guaranteed by the L. S. &
M. S. Ry. Co.
9. Cost o* Proprietary Road*. — Detroit, Monroe, and Toledo RR., $1,796,001.67 ; Detroit
and Chicago RR., $788,073.09 ; Elkhart and Western RR., $225,000 ; Jackson Coal RR., $23,180.79 ;
Kalamazoo and White Pigeon RR., $610,000 ; Northern Central Michigan RR., $1,357,000 ; Silver
Creek and Dunkirk RR., $484,201.72 ; Sturgis, Goshen and St. Louis RR., $20,851.84 ; Swan Creek
Ry., $40,000 — total, $5,344,309.11.
10. In vestments in Leased Lines. — Jamestown and Franklin RR. (stock, $349,657; 1st
mtge. bonds, $298,000; 2d mtge. bonds, $500,000; open account, $673,204.98), $1,755,261.98;
Mahoning Coal RR. (common stock, 17,318 shares; preferred stock, 7,990 shares), $568,585 — total,
$2,323,846.98
11. Stocks and Bonds Owned. — Statement showing the ledger valuation of the stocks and
bonds of other companies owned by the L. S. & M. S. Ry. Co. on Dec. 31, 1902 :
Clev., Gin., Chi. & St. L. Ry. Co., stk . $7,111,065 37
Detroit, Toledo & Mil. RR. Co., stks. 160,000 00
Indiana, Illinois & Iowa RR. Co 4,518,000 00
Lake Erie & Western RR. Co., stocks. 5,847,016 78
Lehigh Valley RR. Co., stock 1,920,000 00
Merchants Despatch Transp. Co., stock 575,700 00
Mahoning State Line RR. Co., stock. . 450 00
N. Y., Chica. & St. L. RR. Co., stocks 8,447,746 94
Brought forward $28,579,979 09
Pittsb. & Lake Erie RR. Co., stock. . 3,675,696 27
Pittsb. & Wheeling Coal Co. Scrip.. 22,68175
Terminal Ry. of Buffalo, stock 200,00000
Term. Ry. of Buffalo, 1st mtge. bonds 262,255 24
P., C. & Y. RR., 1st mtge. bonds 28,980 00
Total $32,769,592 35
12. RAILBOADS OWNED OB LEASED BY THE L. S. & MICH. SOUTHERN RY. Co.
DETROIT, HILLSDALE AND SOUTH-
WESTERN RR — Ypsilanti to Banker's, Mich.,
64.76 m. ; total track (steel, 64.76 m.), 69.09 miles.
HISTORY. — Reorganization, Jan. 30., 1875, of
the Detroit, Hillsdale and Indiana RR. Co.
Leased in perpetuity, Sept. 5, 1881, to the L.S.&M.
S. Ry. Co. ; annual rental, 4 p. c. on stock and
$500 for organization expenses.
BALANCE SHEET, June 30, 1902. — Capital
stock, $1,350,000; profit and loss, $309 — total,
$1,350,309. Contra : Construction, etc., $1,345,716 ;
other assets, $4,592 — total, $1,350,309.
CORPORATE OFFICERS.— Edwin S. Marston,
Pres. ; Samuel Sloan, Jr., Sec. & Treas., 16-22
William St., New York, N. Y.
ERIE AND KALAMAZOO RR. — Toledo.
O., to a point near Adrian, Mich., 27 miles.
HISTORY. — Chartered April 22, 1833; road
opened from Toledo to Sylvania in 1836 ; through-
out in 1837. Leased in perpetuity to the L. S.
& M. S. Ry. Co. ; rental, $30,000 per annum. In
the statement of mileage on page 383 this line
is included in the main line owned by the L. 8.
& M. S. Ry. Co. Capital stock, $300,000.
CORPORATE OFFICERS.— David P. Barhydt,
Pres. ; Chas. E. Warren, Treas., New York, N.
Y. ; Arthur P. Crane, Sec., Toledo, O. Office,
Adrian, Mich.
FORT WAYNE AND JACKSON RR. —
Jackson, Mich., to Fort Wayne, Ind., 97.83 m. ;
total track (steel, 92.30 m.), 111.99 miles.
HISTORY. — Reorganization, Jan. 1, 1880, of the
Fort Wayne, Jack son and Saginaw RR. Co. (See
MANUAL for 1893.) Leased in perpetuity to the
L. S. & M. S. Ry. Co. ; rental, 5| p. c. per an-
num on preferred stock, and a further sum of 2
p. c. on common stock, in case the net earnings
of the road in any year exceed 8 p. c. on pre-
ferred stock.
INCOME ACCOUNT.— Rental, 1901, $127,528.
POOR S MANUAL — NEW YORK CENTRAL SYSTEM.
415
Expenses and taxes, $1,500. Net income, $126,-
028. Paid dividends (5J p. c.) on preferred stock,
$126,028.
FINANCIAL STATEMENT. — Capital stock
(preferred, $2,291,416; common, $436,132), $2,727,-
548. Contra : Cost of road, etc., $2,727,548.
CORPORATE OFFICERS. — Edwin S. Marston,
Pres. ; Samuel Sloan, Jr., Sec. & Treas., 16 Wil-
liam Street, New York, N. Y. Office, 16-22 Wil-
liam Street, New York, N. Y.
JAMESTOWN AND FRANKLIN RR
Jamestown to Oil City, Pa., 50.91 m. ; Stoneboro'
to Coal Mines, 2.55 m. ; total, 53.46 m. ; total
track (steel; 65 and 70 IDS.), 71.96 miles.
HISTORY. — Chartered April 5, 1862. Road
opened June 24, 1S67. Leased to the L. S. & M.
So. Ry. Co. for 5 years, from Jan. 1, 1900, and
from year to year thereafter until terminated
on one year's written notice by either party.
Annual rental, 30 p. c. of gross earnings. (See
MANUAL for 1899, page 163.)
INCOME ACCOD NT.— Rental, year ending
Dec. 31, 1902, $80,745; rents from lands, $419—
total, $81,164. Expenses and taxes, $2,038. Net
income, $79,126. Interest on bonds and on note
(not paid), $69,995. Surplus, $9,131.
BALANCE SHEET, Dec. 31, 1902.— Capital
stock, $601,200 ; payments on stock, $6,043 ; funded
debt (1st 7s of Jan. 1, 1897, $298,000; 2d 7s of
Jan. 1, 1894, $500,000), $798,000; due lessee, $673,-
205 ; unpaid interest, $647,428 ; income balance,
$24,060 — total, $2,749,936. Contra: Cost of road,
$2,707,031 ; stocks and other investments, $42,891 ;
other assets, $14; total, $2,749,936. All of the
bonds are held by lessee ; no interest paid on
them since maturity.
CORPORATE OFFICERS.— Charles Miller,
Pres., Franklin, Pa. ; Robert P. Cann, Sec. &
Treas., Stoneboro', Pa. Office, Stoneboro', Pa.
KALAMA700. ALLEGAN AND GRAND
RAPIDS RR. — Kalamazoo to Grand Rapids,
Mich., 58.45 m. ; total track (steel, 58.45 m.),
68.78 miles. Rail, 65 Ibs.
HISTORY. — Chartered June 3, 1868; road
opened March 1, 1869. Leased Sept. 21, 1869, to
the L. S. & M. S. Ry. Co. for 999 years, at an
annual rental of $7^,600, being 6 p. c. on $610,000
capital stock and 5 p. c. on $840,000 1st mtge.
bonds (see bonded debt statement, L. S. & M. S.
Ry. Co.). Cost of road, etc., $1,450,000.
CORPORATE OFFICERS. — .1. H. Wade, Pres. ;
Horace B. Corner, Treas. ; O. G. Getzen-Danner,
Sec. Office, Cleveland, O.
MAHONING COAL RR Andover to
Youngstown, O., 38.31 m. ; Keel Ridge Coal
Branch, 0.73 m. ; Doughton to Sharon, Pa., 8.31
m. — total, 47.35 m. ; total track ( steel ; 65 and 71
Ibs.), 91.10 miles.
HISTORY. — Chartered Feb. 18, 1871; road
opened in June, 1873. A branch, Doughton to
Plymouth, on the L. S. & M. S. line, 47.6 miles,
is under construction and is expected to be com-
pleted in July, 1903. Leased in perpetuity, July
1, 18S4, to L. S. & M. S. Ry. Co.
INCOME ACCOUNT. — Rental, 40 p. c. of gross
earnings — in 1902, $667,974; other receipts, $234 —
total, $668,207. Expenses, $1,761. Net income,
$666,446. Paid interest on bonds, $75,000; new
low grade line, $557,000 ; permanent improve-
ments, $70,418; dividends on stock (5 p. c. on
preferred, and 10 p. c. on common), $183,093 —
total, $886,511. Deficit, $219,065.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock — common, $1,500,000 ; preferred, $661,850 ;
funded debt (1st 5s of July 1, 1934), $1,500,000;
profit and loss, $228,380 — total, $3,890,230. Contra :
Cost of road, $3,653,098; all other assets, $237,132
— total, $3,890,230. Dividends of 5 p. c. per an-
num on preferred stock and interest on bonds
are guaranteed by lessee.
CORPORATE OFFICERS. — William H. New-
man, Pres. : E. D. Worcester, Sec. & Treas., New
York, N. Y. Office, Cleveland, O.
W.K.Vanderbilt..New York.N.Y.
W. S. Webb
P. W. Vanderbilt. "
Wm. H. Newman.. Cleveland, O.
H.McK.Twombly..NewYork,N.Y.
Wm. Rockefeller
J. P. Morgan
C. M. Depew — "
13. Board of Directors, L. 8. d M. 8. Ry. Co., elected May 6, 1903.
CHAUNCEY M. DEPEW, Chairman of the Board New York, N. Y.
Wm. C. Brown.. Cleveland, O.
E.D.Worcester.. New York, N.Y.
Sam'l F. Barger "
Darius O. Mills "
James M. Schoonmaker Pittsburgh, Pa.
WM. H. NEWMAN, President Cleveland, O.
Wm. C. Brown, Vice- President " "
E. D. Worcester, Vice-Pres., Secretary and Treasurer. . ..New York, N. Y.
W. H. Marshall, General Supt Cleveland, O.
last. Treas. — Dwight W. Pardee..New York.N.Y. | Auditor — R. H. Hill Cleveland, O.
Local Treas. & Asst. Sec. — R. P. Ahrens... Cleveland, O.
PBINCIPAL OFFICE AND ADDRESS Cleveland, O.
New York Office Room 301, Grand Central Station.
NEW YORK CENTRAL SYSTEM.— MICHIGAN CENTRAL RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 13
Earnings, Expenses, etc.,1902. 4
Earnings, Exp.,etc., 1896-1902. 11
Funded Debt, Details of 8
Gen. Bal. Sheet, Dec. 31, 1902. 7
Gen. Bal. Sheet, 1896-1902 11
Guaranteed Bonds 9
History 1
Income Acct, Dec. 31, 1902... 4
Income Account, 1896-1902 10
Land Department ....10
Mileage and Equip., 1896-1902. 11
Mileage Operated 2
Operations and Inc., 1896-1902. 11
Rentals of Leased Lines 6
Rolling Stock 3
Subsidiary Roads, State'ts of. 12
1. History. — Chartered in 1846, and purchased from the State of Michigan the
road from Detroit to Kalamazoo, 144 miles. The extension to Kensington was put in
operation in May, 1852. (See MANUAL for 1893, page 816.) At Kensington connection is
made with the Illinois Central RR., and 14 miles of that line are used to reach Chicago.
For terms under which the leased and operated lines were acquired, see the statements
416
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
for the several companies appended. The New York Central and Hudson River RR. Co.
owns about 86 p. c. of the capital stock of this company (see MANUAL for 1898, page
528). The railroad forms part of the New York Central system, but is operated as an
independent organization.
The original charter of this company was repealed by an act of the Michigan Legis-
lature in extra session, 1900. The company, therefore, resolved to surrender its charter
and to incorporate under the general railroad law. This was accordingly done, and
certificate of such surrender and incorporation was filed Dec. 30, 1901.
2. Mileage Operated, Dec. 31, 1902.
Main Line of Road Owned : Kensington, 111., to Detroit, Mich 270.07 mile*.
TRACKAGE RIGHTS: Illinois Central RR.: Kensington to Chicago, 111 14.00
LEASED AND PROPRIETARY RAILROADS (total, 911.68 miles).
Michigan Air-Line RR.: Jackson, Mich., to South Bend, Ind 115.16
Jackson, Lansing and Saginaw RR. (see statement in Sec. 12) 379.23
Grand River Valley RR. : Rives June, to Grand Rapids 83.79
Kalamazoo and South TIaven RR.: Kalamazoo to South Haven 39.50
Joliet and Northern Indiana RR.: Lake, Ind., to Joliet, 111 45.00
Detroit and Bay City RR.: (see statement in Sec. 12) 175.73
Detroit Manufacturers' RR 1.29
Bay City and Battle Creek Ry.: West Bay City to Midland 18.00
Battle Creek and Sturgis Ry. : Battle Creek to Findlay 33.80
Detroit, Delray and Dearborn RR. : Delray to Dearborn 4.84
Terminal RR. : ( see statement in Sec. 12 ) 15.34
OPERATED LINES — CANADA SOUTHERN SYSTEM (total, 457.30 miles).
Canada Southern Ry. : (see statement in Sec. 12) 328.64
Toledo, Canada Southern & Detroit Ry. (see statement in Sec. 12) 58.92
Canada Southern Bridge: Slocum June, to Stony Island 3.66
Michigan, Midland and Canada Ry.: Lenox to St. Glair 14.68
tSarnia, Chatham & Erie Ry.: Petrolia Junction to Petrolia 7.00
Erie & Niagara Ry. : Niagara to Old Fort Erie 30.60
Leamington and St. Clair Ry.: Comber to Leamington 13.80
Total length of all lines operated, Dec. 31, 1902 1,653.05 miles.
2d track (M. C. RR., 187.02 m.; C. S. Ry., 149.34 m.; J., L. & S. RR., 3.61 m.; D. & B.
C. RR., 4.77 m.; T., C. S. & D. Ry., 2.35 m.; T. RR., 10.16 m.), 357.25 m.; sidings
(M. C. System, 789.71 m.; C. S. System, 267.09 m.), 1,056.80 m.; total track (steel,
2,943.46 m.; iron, 109.64 m.), 3,053.10 miles. Gauge, 4 ft. 814 in. Rail, 56 to 80 Ibs.
3. Rolling Stock, Dec. 31, 1902.— Locomotives (M. C., 310; C. S., 151), 461. Cars
as follows:
PASSENGER EQUIPMENT.
M. C. RR. C. 8. Ry.
First Class Care.
Second Class and Smoking Cars
Pass., Baggage and Mail Care
Baggage, MaU, and Express Cars . . .
Baggage and Express Cars
Postal Cars
Dining Cars
Buffet Care
Cafe Care
Total Passenger Equipment
118
27
20
14
51
14
11
2
3
260
If
21
7
4
27
1
3
4
121
Total.
172
48
27
18
78
15
14
6
3
381
FREIGHT EQUIPMENT.
M. C. RR.
Box Care 6.030
C. S. Ry.
2,968
243
32
346
269
35
85
6
34
4,018
4.139
Total
8,998
789
111
2,266
1,100
35
291
66
293
10
13,959
14.340
Stock Care
546
Refrigerator Care
79
Platform Cars
1,920
Coal Care
831
Oil Care
Way Care
206
Boarding Care
60
Tool Cars
259
Logging Trucks
10
Total Freight Equipment . . .
Total Car Eauioment . .
. . . 9,941
10.201
4. General Income Account, year ending December 31, 1902.
Earnings— Passenger . . '. $4,719,067 68
Freight 13,279,220 51
Mall and Express 980,61017
Miscellaneous 66,18494
Total ($11,621.18 per mile) $19,045,083 30
Expenses — Maint. of Way and Struc.. $3,768,130 73
Maintenance of Equipment. 2,380,654 02
Conducting Transportation. 8,368,337 38
General Expenses 401,31109
Total ($9,024.79 per mile) $14,918,44222
Railroad Map of Illinois.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEW/YORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual— Railroad Map of the United States, 1903.
ILLINOIS.
Railroad Map of Illinois.
WORKS BY HENRY V. POOR.
MONEY AND ITS LAWS:
ETCBRKCINO
A HISTORY OF MONETARY THEORIES
A HISTORY OF THE CURRENCIES
OP THE
UNITED STATES.
:O3^ KIElXriFl'Y "V. FOOiFl..
One Volume. Royal octavo. Cloth. Pp. xl., 623. Price, $5.00.
THE
SILVER QUESTION:
EMBRACING A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER
CURRENCIES OF THE UNITED STATES AND OTHER NATIONS.
By HEIVRY V. POOR.
One Volume. 12 mo. Cloth. Pp. 250. Price, $1.00.
TWENTY-TWO YEARS OF PROTECTION.
The financial history of the United States naturally divides itself into three periods : The first, the Period
of Construction— the work of the Fathers ; the second, the Period of the attempted Destruction of this work ;
the third, of its Restoration. The first period, of 40 years, extends from the formation of the Government in
1789 to the close of the administration of John Quincy Adams in 1829 ; the second period, of 36 years, extends
from the beginning of General Jackson's administration in 1829 to the restoration of peace in 1865; the third
period, of 22 years, extends to the end of 1887; for although the election of Mr. Cleveland nominally put an end
to the period "of Restoration, he so far has been unable to undo its distinctive feature,— a return to the Protect-
ive policy of the Fathers. The object of this work is to display the Period of Restoration; hence its title, —
"Twenty-Two Years of Protection." To a proper understanding of this period, a competent knowledge of the
events of the two preceding periods, as well as of the Colonial Period, is a necessary condition.
Pp. 222. 8vo. Paper. Price, SO cents.
THE TARIFF:
ITS BEARING DPOH THE IHDUSTRIES AMD POLITICS OF THE UNITED STATES.
Pp. 121. 8vo. Paper. Price, 25 cents.
THE MONEY QUESTION:
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Pp. viii-337. 8vo. Cloth. Price, $1.50.
POOR'S RAILROAD MANUAL CO.
68 William St., New York Gty.
Or, may be ordered through any bookseller.
POOR S MANUAL — NEW YORK CENTRAL SYSTEM.
417
Net earninga (21.67 p. c.), $4,126,641.08. Deduct interest, rentals and taxes, $2,759,-
840.59. Residue, $1,366,800.49. Paid the Canada Southern Ry. Co. its proportion of
the net income, as per agreement, $310,167.50. Net revenue from traffic, $1,056,632.99;
add income from investments, $54,012.66 — total net revenue ($5.92 per share), $1,110,-
645.65. Paid dividends (2 p. c. each, July 29, 1902, and Jan. 29, 1903), $749,520. Bal-
ance, surplus, $361,125.65.
5. Income Account, year ending December 31, 1902.
Taxes $549,06233
Interest on Bonds, Main Line 453,33333
Leased Lines 553,06166
Canada Southern 1,037,60000
Rentals, Leased Lines 166,78327
C. S. Ry. Proport'n Inc. per Agreem't. 310,167 50
Dividends, 4 p. c 749,52000
Balance, Surplus, Dec. 31, 1902 3,015,42755
Total $6,834,96564 Total $6,834,95564
6. Rentals of Leased Lines.— Grand River Valley RR. (5 p. c. on stock), $24,560;
Jackson, Lansing and Saginaw RR. (3j^ p. c. on stock, $70,000; organization expenses,
$750), $70,750; Joliet and Northern Indiana RR., $71,000— total, $168,310.
7. General Balance Sheet, December 31, 1902.
Balance from 1901 $2,654,301 90
Gross Earnings $19,045,08330
Operating Expenses 14,918,44222—4,126,64108
Income from Investments 54,01266
Construction Accounts $45,968,658 51
Main Line $31,861,57006
Leased Lines 9,356,10559
Proprietary Lines 4,750,98286
Investments 1,187,373 23
Fuel and Supplies 1,823,82479
Accounts Receivable 1,221,22317
Uncollected Earnings 493,371 26
Cash 510,26209
Total Assets $51,204,713 06
Capital Stock ($100 shares) $18,738,00000
Funded Debt Outstanding 21,275,00000
Accounts Payable 2,918,85840
Accrued Int., 1902, Payable in 1903... 273,59479
Dividend Payable Jan. 29, 1903 374,76000
Income Account :
To Jan. 1, 1879 $4,609,072 31
From Jan. 1, 1879 3,015,527 65—7,624,499 86
Total Liabilities $51,204,71305
8. Funded Debt. — The funded debt outstanding on Dec. 31, 1902 — total, $21,275,000, as per
general balance sheet — consisted of the several issues of bonds listed in the following statement.
Additional particulars respecting any Issue will be found in the paragraph relating thereto subjoined
to the statement ; and the details of funded debt outstanding on or about Aug. 1, 1903, will be found
in the Ready Reference Bond List — see General Index.
$10,000,000 1st 3}s of May 1, 1952.
1,500,000 Grand River Val. 1st 6s of Sept. 1, 1909.
3,850,000 Detr't & Bay City 1st 5s of Mar. 1, 1931.
2,600,000 Mich. Air-Line 1st 4s of Jan. 1, 1940,
$700,000 Kal. & So. Haven 1st 5s of Nov. 1, 1939.
725,000 Terminal RR. 1st gold 4s of July 1, 1941.
2,000,000 J., L. & Sag. 1st gold 3}s of Sept. 1, 1951.
First Mtge. Gold Bonds. — Secured on the entire property of the company, whether now
owned or hereafter acquired. The authorized issue is $18,000,000, of which $10,000,000 were issued
to retire the $10,000,000 consol. mtge. bonds matured May 1, 1902. The remaining $8,000,000 are
reserved to provide for improvements and betterments. They will bear such rate of interest, not
exceeding 31 p. c. per annum, as may be determined by the directors at the time of their issue.
Grand River Valley Bonds. — Secured by first mortgage on the line from Rives Junction to Grand
Rapids, Mich., 83.79 miles.
Detroit and Bay City Bonds. — Secured by first mortgage on the property of the D. & B. C. RR.
Co. The bonds were issued by the Michigan Central RR. Co.
Michigan Air-Line Bonds. — Secured by first mortgage on the line from Jackson, Mich., to South
Bend, Ind., 115 miles. The total amount authorized is $2,600,000, at the rate of $22,500 per mile.
(See MANUAL for 1898, page 530.)
Kalamazoo and South Haven Bonds. — Secured by first mortgage on the line from Kalamazoo to
South Haven, Mich., 39.5 miles. The bonds have been assumed by the Michigan Central RR. Co.
Terminal RR. Bonds. — Secured by first mortgage on the Terminal RR. and property in Chicago
and East Chicago, which is leased in perpetuity. The bonds were issued by the Michigan Central
RR. Co. The amount authorized under the mortgage is $1,500,000.
Jackson, Lansing and Saginaw Bonds. — Secured on the property of the Jackson, Lansing and
Saginaw RR. (see statement for that road in Sec. 12). The bonds are a direct obligation of the
Michigan Central RR. Co.
9. Guaranteed Bonds — The Michigan Central RR. Co. guarantees, both as to principal and
interest, the following issues of bonds : $250,000 Bay City and Battle Creek RR. 1st gold 3s of Dec.
1, 1989, secured on the line from West Bay City to Midland, Mich., 18 miles ; $421,000 Battle Creek
and Sturgis RR. 1st gold 3s of Dec. 1, 1989, secured on the line from Battle Creek to Sturgis, Mich.,
41 miles, and $150,000 Detroit and Bay City (Bridge) debenture 8s of May 1, 1903.
10. Land Department (Jackson, Lansing, and Saginaw RR. Co.). — Lands sold in 1902,
9,217.56 acres, at an average of $7.64 per acre. Received from land sales, $70,384.11. Lands re-
gaining unsold, 142,069.31 acres.
LAND INCOME ACCOUNT, for 1902. — Receipts: Cash on hand, Jan. 1, $10,759.56; payments on
land contracts and sales, $117,921.91 ; interest, $5,300.57 ; trespass, $39.60 — total, $134,021.64.
Disbursements: Deposited to the credit of trustees, $112,000; taxes, $5,811.47; salaries and com-
418
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN OROUP.
missions, $3,711.27 ; explorations, $317.68 ; legal expenses, $77.25 ; miscellaneous, $260.58 ; bal-
ance, $11,843.49 — total, $134,021.64.
ACCOUNT OF LEDYARD, POND AND JOY, TRUSTEES. — Cash on band, Dec. 31, 1901, $18,000 ; re-
ceived from Land Commissioner during 1902, $112,000 ; interest, $1,425.42 — total, $131,425.42.
Contra : Bonds of J., L. & 8. RR. Co. purchased and cancelled during 1902, $100,000 ; cash on hand
Dec. 31, 1902, $31,426.42 — total, $131,425.42.
11. Statement of operations, property, and capital account for seven years ending
Dec. 31:
1896
1897
1898
1899
1900
1901
1902
Miles of Road Worked
Passenger Train Miles
Freight Train Miles
1.642.37
4,709,613
6,774,479
1,657.59
4,636,766
6,993.021
1,657.53
4,661,693
7,476,813
1,657.78
4,602,920
8,061,232
1,649.48
4,837,036
8,745,052
1,657.74
5,260,464
8,127,413
1,653.05
5,441,653
7,210,705
Total Revenue Miles.
11,484,092
2,564,059
156,317,124
7.276.270
1,480,251,521
$
3,545,656
9,412,462
863,496
11,629,787
2,456,261
154,405,319
7,627,176
1,533,606,067
3,358.159
9,450,556
888,524
12,138,506
2,600,032
144,505,752
8,682,110
1,665,158,078
I
3,215,296
9,939,553
891,300
12,664,152
2,878,008
165,057,169
10,212,988
1,950,614,387
$
3,600,025
11,000,685
903,352
13,582,088
3,012,293
177,330,729
10,367,518
2,006,102,840
$
3,889,756
11,876,037
964,338
13,387,877
3,400,075
228,293,565
11,248,211
2,079,653,670
$
4,644,230
12,858,455
987,589
12,652,358
3,741,312
225,702,912
11,646,111
1,965,107,850
4,719,068
13,279,220
1,046,795
Freight (tons) Moved.
Freight (ton) Milea
Earnings — Passenger ,
Freight
Other
13,821,614
10,065,897
13,697,239
9,919,193
14,046,149
10,137.874
15,504,062
11,577,424
16,730,131
12,762,284
18,490,274
14.237,831
19,045,083
14,918,442
Operating Expenses
» N^t l*V«f>i'>(p) ,,...,,....
3,755,717
39,685
3,778,046
44,619
3,908,275
44,679
3,926,638
44,679
3,967,847
45,094
4,252,443
69,738
4,126,641
54,013
Other Receipts
Net Income
3,795,402
326,453
2,210,255
480,784
(4) 749.520
3,822,665
330,317
2,230,713
466,712
(4) 749,520
3,952,954
408,099
2,235,625
484,977
(4) 749,520
70,000
4.733
8,474 14
6,116 25
2,357 89
72.25 p.c.
2.225 c.
3,971,317
426,693
2,229,975
484,884
(4) 749,520
75,326
4,919
9,352 80
6,983 69
2,368 61
74.67 p.c.
2.181 c.
4,012,941
467,206
2,219,908
485,162
(4) 749,520
84,402
6,743
10,014 27
7,736 16
2,278 11
76.28 p.c.
2,194 c.
0.592 c.
270.07
461
377
14,450
$
18,738,000
19,101,000
3,093,098
7,239,598
4,322.181
508.133
2,271,250
559,502
(4) 749,520
210,000
23,776
11,153 90
8,588 70
2,565 20
77.00 p.c.
2.034 e.
0.618 c.
270.07
461
377
14,431
$
18,738,000
21,101,000
3,074,489
7,263,374
4,180,654
549,062
2,043,995
476,951
(4) 749,520
Payments — Taxes
Bond Int.
Lease Rent. . . .
Dividends
Spec Ac'ts
Balance, Surplus
28,390
8,415 65
6,122 80
2,292 85
72.83 p.c.
2.268 c.
45,403
8,263 35
5,982 90
2,280 45
72.42 p.c.
2,175c.
361,126
11.521 18
9,024 79
2,496 39
78.33 p.c.
2.091 c.
0.676 c.
270.07
461
381
13,959
18,738,000
21.275,000
3,567,213
7,624,500
Gross Earnings per Mile
Operating Exp. per Mile. . . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass. p. Mile . . .
Av. Rate p. Ton p. Mile ....
Miles of Road Owned
/ Locomotives*
0.636 c.
270.07
461
363
13,224
1
18,738,000
18,376,000
2,522,834
7,181,370
0.616 c.
270.07
461
363
13,234
I
18,738,000
19,026,000
2,481,861
7,226.773
0.597 c.
270.07
461
364
13,498
1
18,738.000
19,101,000
1,870,099
7,227,936
0.564 c.
270.07
461
364
14,383
$
18,738,000
19,101,000
2,661,852
7,232,855
Passenger Train Cars*
Freight Train Care*
Capital Stock
Funded Debtf
Current Liabilities
Profit and Loss
Total Liabilities
46,818,204
42,490,130
670,696
1,661,358
1,996,020
47.472,634
43.239,151
670,786
1,393,220
2,169,477
46,937,035
43,253,590
670,878
961,898
2,050,669
47,733,707
43,255,805
670,878
1,093,625
2,713,399
48,171,696
43,215.312
763,004
1,497,178
2,696,202
50,176,863
44,924,755
1,018,634
1,355,232
2,878,242
51,204,713
45,968,659
1,187,373
1,823,825
2,224,856
Construction Account
Investments
Fuel and Supplies
Cash and Other Assets
Total Assets
46,818,204
47.472,634
46,937,035
47,733,707
48,171,696
50,176,863
51,204,713
•These figures include in each year the rolling stock of the Canada Southern RR. Co. tThese
amounts include in 1895-1896, $8,376,000; in 1897, $9,026,000; in 1898-1900, $9,101,000; in
1901, $11,101,000, and in 1902, $11,275,000 of Michigan Central bonds secured by mortgages on
subsidiary railroads. ,
12. RAILROADS OWNED OB LEASED BY THE MICHIGAN CENTBAL RR. Co.
BATTLE CREEK AND STLRGIS RY
Battle Creek to Findlay, Mich, (operated by M.
C. RR. Co.), 33.80 m. ; Pindlay to Sturgis
(operated by the L. S. & M. S. Ry. Co.), 7.20 m.
— total, 41 m. ; total track, 47.44 miles. Rail
(steel. 41 m.), 60 Ibs.
HISTORY. — Chartered Nov. 14, 1889 (see MAN-
UAL for 1890). The stock is owned, part by the
Michigan Central and part by the Lake Shore
and Michigan Southern.
FINANCIAL STATEMENT. — Capital stock
($1,000,000 aufh. ; $100 shares), $500,000; funded
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM.
419
debt (1st gold 3s of Dec. 1, 1989), $500,000 — total.
$1,000,000.
Interest on $421,000 of the bonds is paid by the
M. C. RR. Co., and on the remaining $79,000 by
the Lake Shore and Michigan Southern Ry. Co.
CORPORATE OFFICERS. — H. B. Ledyard,
Pres. : Henry Russell, Vice-Pres. ; A. J. Hurt,
Sec. & Treas. Office, Detroit, Mich.
BAY CITY AND BATTLE CREEK RY.
— West Bay City to Midland, Mich., 18 m. ; total
track, 27.84 miles. Rail (steel, 18 m.), 60 Ibs.
HISTORY. — Chartered Nov. 14, 1889; road
opened Dec. 27, 1889. Passed under control of the
Michigan Central RR. Co., June 1, 1890, through
ownership of stock.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $300,000; funded debt (1st gold 3s
of Dec. 1, 1989), $250,000— total, $550,000.
CORPORATE OFFICERS. — H. B. Ledyard,
Pres. ; "Henry Russell, Vice-Pres. ; A. J. Burt,
Sec. & Treas. Office, Detroit, Mich.
DETROIT AND BAY CITY RR Detroit
to Bay City, Mich., 109 m. ; Detroit Belt Line,
4.39 m. ; Caro June, to Owendale, 33.48 m. ; Den-
mark June, to Saginaw, 16.75 m. ; Bay City Belt
Line, 7.01 m. ; Bay City Water Street spur, 5.10
m. — total, 175.73 m. ; total track, 258.11 miles.
HISTORY. — Reorganization, Feb. 26, 1881, of
the D. & B. C. Ry. Co. (See MANUAL for 1899,
page 168.) Leased to the M. C. RR. Co. The
lessee issued $4,000,000 50-yr. 5 p. c. bonds, se-
cured by a 1st mortgage on the Bay City prop-
erty (see bond statement of M. C. RR. Co.).
CORPORATE OFFICERS. — H. B. Ledyard,
Pres. ; C. M. Depew, Vice-Pres. ; C. F. Cox,
Treas., New York, N. Y. ; A. J. Burt, Sec., De-
troit, Mich.
DETROIT, DELRAY AND DEARBORN
RR. — Delray to Dearborn, Mich., 4.84 m. ; total
track, 6.34 miles. Rail (steel, 4.84 m.), 60 Ibs.
HISTORY. — Chartered Sept. 19, 1895, and road
opened same ye&r. It is a proprietary line of
the Michigan Central RR. Co., which owns all of
the stock of the company.
FINANCIAL STATEMENT. — Capital stock
paid in ($50,000 auth.), $3,500; floating debt, $46,-
914 — total, representing cost of road, etc., $50,414.
CORPORATE OFFICERS. — H. B. Ledyard,
Pres. ; Henry Russell, Vice-Pres. ; A. J. Burt,
Sec. & Treas., Detroit, Mich.
GRAND RIVER VALLEY RR. — Rives
June., Mich., to Grand Rapids, Mich., 83.79 m. ;
total track, 100.56 miles.
HISTORY. — Chartered May 4, 1846; road
opened through in the spring of 1870. Reorgan-
ized under the general railroad law of Michigan,
April 25, 1894. Leased to the Michigan Central
RR. Co. (date of lease Aug. 15, 1870), for 999
years from April 25, 1894 ; rental, 5 p. c. on stock
($24,280).
FINANCIAL STATEMENT. — Capital stock
($1,000,000 auth.; $100 shares), $491,200. This
company has no bonded debt, but two issues of
Michigan Central bonds, amounting to $1,500,000,
are secured by 1st mortgage on this road. (See
bond statement of M. C. RR. Co.). Cost of road,
J2.SG7.054.
CORPORATE OFFICERS. — Wm. H. Withing-
ton, Pres. ; E. W. Barber, Sec. & Treas., Jack-
son, Mich. Office, Jackson, Mich.
JACKSON, LANSING AND SAGINAW
RR. — Jackson, Mich., to the Straits of Macki-
nac, Mich., 295.10 m. ; Grayling to Twin Lakes,
27.88 m. ; Pinconning Bay to Gladwin, Mich., in-
cluding branches, 56.25 m. — total, 379.23 m. ;
total track, 653.99 miles.
HISTORY.— Organized Feb. 24, 1865, and bought
the incomplete Amboy, Lansing and Traverse
Bay RR., which had been opened between Owos-
so and Lansing in 1863. Leased Sept. 1, 1871, to
M. C. RR. Co., to which it transferred its land
grant. During 1901 the Saginaw Bay and North-
western RR., 62.31 miles, was merged into this
road. Rental in 1902, $70,750
«9^^CI-A,L STATEMENT.— Capital stock,
&2,000,000. The consol. mtge. 5 p. c. bonds were
retired at maturity, Sept. 1, 1901, and $2,000000
3i p. c. 50-yr. gold bonds of the M. C. RR. Co.,
secured on this property, were issued in place
of them.
CORPORATE OFFICERS. — Henry B. Ledyard,
Pres. ; A. J. Burt, Sec., Detroit, Mich. ; Wm. M.
Thompson, Treas., Jackson, Mich. Office, De-
troit, Mich.
JOL1ET AND NORTHERN INDIANA RR.
— Lake, Ind., to Jollet, 111., 45 miles. Leased In
perpetuity from Sept. 7, 1854 (date of comple-
tion), to the M. C. RR. Co., which owns nearly
all of its stock; annual rental; $71,000 (reduced
from $89,000 as from Jan. 10, 1902). Dividends.
$15,000; interest. $56,000.
FINANCIAL STATEMENT. — Capital stock.
$300,000 ; funded debt. 1st 7s of July 10, 1907, $800,-
000 — total (representing cost of road, etc.), $1,-
100,000.
CORPORATE OFFICERS. — H. B. Ledyard,
Vice-Pres. ; E. D. Worcester, Sec. ; C. F. Cox,
Treas., New York, N. Y.
KALAMAZOO AND SOUTH HAVEN RR.
— Kalamazoo to South Haven, Mich., 39.50 m. ;
total track, 46.28 miles. Rail (steel, 39.50 m.),
65 Ibs.
HISTORY. — Chartered April 15, 1869; road
opened Jan. 2, 1871. Leased to M. C. RR. Co. ;
rental (interest on bonds), $35,000.
FINANCIAL STATEMENT. — Capital stock,
$325,400. Cost of road, $1,025,400. This company
has no funded debt, but its property is covered
by $700,000 bonds of the Michigan Central RR. Co.
CORPORATE OFFICERS. — Ashley Pond.
Pres. ; A. J. Burt, Sec. & Treas., Detroit, Mich.
MICHIGAN AIR - LINE RR Jackson,
Mich., to South Bend., Ind., 115.16 m. ; total
track, 156.26 miles. Rail (steel, 115.16 m.), 85
Ibs.
HISTORY. — Articles for western section filed
Aug. 25, 1868, and Oct. 11, 1870 ; consolidated with
St. Joseph Valley RR. Co., Oct. 11, 1870. Dates
of charters, July 14, 1868, March 19, 1870 ; date of
opening, Jan., 1871. Road completed In Feb.,
1871, and leased from that date to the M. C. RR.
Co. at a rental equal to the Interest accruing
on the bonds issued.
FINANCIAL STATEMENT. — Capital stock
paid in ($1,000,000 auth.), $378,062.50. This com-
pany has no funded debt, but its property Is
mortgaged to secure $2,600,000 bonds of the Mich-
igan Central RR. Co.
CORPORATE OFFICERS. — H. B. Ledyard,
Pres. ; A. J. Hurt, Sec. & Treas., Detroit, Mich.
TERMINAL RR — Chappell to Union Stock
Yards, Chicago, 10.16 m. ; State Line to Grasselll,
5.18 m. — total, 15.34 miles. Rail (steel). 70 Ibs.
HISTORY. — Chartered April 16, 1896; road
completed same year. Leased in perpetuity to
the M. C. RR. Co.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $1,200,000. The company has no
funded debt, but $725,000 bonds issued by the
lessee are secured by first mortgage on tho
property. (See bond statement of M. C RR. Co.)
CORPORATE OFFICERS. — F. S. Winston,
Pres. ; J. F. Meagher, Vice-Pres. ; James Miles,
Sec. & Treas. Office, Chicago, 111.
13. CANADA SOUTHERN SYSTEM. — OPERATED BY THE MICHIGAN CENTRAL RR. Co.
CANADA SOUTHERN RY. — Owned : Wind-
sor, Ont., to Suspension Bridge, 226.18 m. ; St.
Clair June, to Courtright, 62.63 ra. ; Niagara to
Old Fort Erie, Ont., 30.60 m. ; Amherstburg to
Essex Centre, Ont., 16.83 m. ; Oil City to Oil
Springs, Ont., 5.50 m. ; Welland June, to Fort
Erie. Ont., 17.50 m. — total, 359.24 miles. Con-
trolled : Leamington and St. Clair Ry., 13.80
420
POOR S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
m. ; Sarnia, Chatham and Erie Ry., 7 m. ; Can-
ada Southern Bridge, 3.66 m. ; Toledo, Canada
Southern and Detroit Ry., 58.92 m. ; Michigan
Midland and Canada RR., 14.68 m. — total, 98.06
miles. Total operated, 457.30 m. ; 2d track
(owned, 149.34 m. ; controlled, 2.35 m.), 151.69 m. ;
sidings (owned, 164.43 ra. ; leased, 1.% m. ; con-
trolled, 100.70 m.), 267.09 m. — total track, 862.02
miles. Rail (steel), 60 Ibs. This mileage does
not include 15 miles of the London and Port Stan-
ley Ry. (from St. Thomas to London), over which
the company has trackage rights.
HISTORY. — Chartered in Canada, Feb. 28,
1868; entire line opened Nov. 15, 1873. The Erie
and Niagara Ry. was absorbed in July, 1893.
The agreement under which this company's sys-
tem has been operated since Jan. 1, 1883, by the
Michigan Central RR. Co. (see Manual for 1902,
page 391) will expire by limitation on Jan. 1,
1904. A new agreement has been made whereby
this company leases its property to the Michigan
Central RR. Co., for the term of 999 years, the
lessee to pay as 'rental dividends at the rate of
2i p. c. per annum until Jan. 1, 1910, and at the
rate of 3 p. c. per annum thereafter, besides
assuming all obligations of this company. The
Canada Southern Ry. Co. will issue gen. mtge.
bonds to a maximum of $40,000,000, of which $20,-
000,000 are to be used to retire the existing bonds
at maturity, and $20,000,000 are to be issued from
time to time to pay for additions and better-
ments.
INCOME ACCOUNT, Dec. 31, 1902. — Proportion
of net earnings, $310,167.50 ;other income, $1,243.18 ;
balance from 1901, $14,316.19 — total, $325,726.87.
Contra: Paid dividends (No. 35, Aug. 1, 1902, 1
p. c. ; No. 36, Feb. 1, 1903, 1 p. c.), $300,000. Sur-
plus, $25,726.87.
GENERAL BALANCE SHEET, Dec. 31, 1902. —
Capital stock. $15.000,000; funded debt, $20,002,-
131.47; dividends payable Feb. 1, 1903, $150,000;
dividends unclaimed, $448.25 ; accounts payable,
$879.98 ; income account, $25,726.87 — total, $35,179,-
186.57. Contra : Construction, etc., $28,983,987.95 ;
securities owned (see below), $5,973,335; other
investments, $11,100 ; accounts receivable, $30,-
RAILROADS OWNED OB LEASED BY
Canada Southern Bridge. — Slocum June.
to Stony Island, 3.66 m. ; total track ( steel ; 56
Ibs.), 5.21 miles.
Organized Aug. 20, 1873; opened Sept., 1873.
Operated in connection with the Canada South-
ern (which owns all its stocks and bonds) by
the Michigan Central RR. Co.
Capital stock, $450,000 ; funded debt, 1st 7s of
Feb. 1, 1904, $1,000,000 — total, $1,450,000.
H. B. Ledyard, Pres., Detroit, Mich. ; C. F.
Cox, Vice-Pres. & Treas., New York, N. Y. ; N.
Kingsmill, Sec., Toronto, Ont.
Leamington and St. Clalr Ry. — Comber
to Leamington, Ont., 13.80 m. ; total track ( steel ;
56 Ibs.). 23.77 miles.
Chartered March 2, 1887 ; road opened through-
out in Nov., 1888. Leased for 15 years from
March 1, 1889, to the Canada Southern Ry. Co.
Purchased by that company in June, 1895.
Capital stock (all owned by C. S. Ry. Co.).
$50,000 ; funded debt, 1st 4s of Oct. 1, 1945. $130,000
— total, $180,000. Principal and interest of bonds
guaranteed, by endorsement, by the Canada So.
Ry. Co.
C. F. Cox, Pres. & Treas., New York, N. Y. ;
N. Kingsmill, Pec.. Toronto, Ont.
Michigan Midland and Canada RR —
Lenox to St. Clair, Mich., 14.68 m. ; total track,
16.03 miles.
Chartered Sept. 17, 1872. Road opened Dec. 4,
1874. Stock of this company is controlled and it::
bonds owned by the Canada Southern Ry. Co.,
and road operated by the Michigan Central RR.
Co., as a part of the Canada Southern system
of roads, under an agreement for joint operation
made Dec. 12, 1882, between the Michigan Central
and Canada Southern RR. Cos.
361.63 : due from lessee, $159,778.40 ; cash and cash
assets, $20,623.54— total, $35,179,186.67.
FUNDED DEBT, Dec. 31, 1902: $14,000,000 1st
5s of Jan. 1, 1908; $6,000,000 2d 5s of March 1,
1913; and $2,131.47 old 2d mtge. bonds. Interest
on 1st mtge. bonds was guaranteed by the New
York Central and Hudson River RR. Co. for the
first 20 years. The 1st mtge. bonds are secured
upon the main line and branches owned, 328.64
miles, and upon the proprietary interest in the
Canada Southern Bridge. The 2d mtge. bonds
are secured on tha Canada Southern Ry. and
undertaking, and all its equipment, appurten-
ances and property of every kind, as well as
upon its proprietary interests in the Toledo,
Canada Southern and Detroit Ry. Co. and the
Michigan Midland and Canada RR. Co., and
upon any and all branch lines to be constructed
or acquired, and the bridge over the Niagara
River, subject only to the 1st mtge. of $14,000,000.
The bonds are issued in accordance with section
5 of the first part of an agreement dated Dec.
12, 1832, between the Canada Southern Ry. Co.
and the Michigan Central RR. Co., which pro-
vides for certain new lines, improvements, etc.
STOCKS AND BONDS OWNED. — Stocks:
Canada Southern Bridge Co., $450,000 ; Toledo,
Canada Southern and Detroit Ry. Co., $1,547.-
662.50; Michigan Midland and Canada RR. Co.,
$291,31)0 ; Sarnia, Chatham and Erie Ry. Co.,
$33,000; Niagara River Bridge Co., $700,000;
Leamington and St. Clair Ry. Co., $50,000 — total,
$3,071,962.50. First mtge. bonds : Canada South-
ern Bridge Co., $1,000,000 ; Toledo, Canada South-
ern and Detroit Ry. Co., $1,511,737.50; Michigan
Midland and Canada RR. Co., $323,635 ; Sarnia
Chatham and Erie Ry. Co., $66,000 — total, $2,901,-
372.50.
DIRECTORS.— Wm. K. Vanderbilt, Frederick
W. Vanderbilt, Samuel F. Barger, Edward A.
Wickes, Chauncey M. Depew, Joseph E. Brown,
Charles F. Cox, New York, N. Y. ; Henry B.
Ledyard, Detroit, Mich. ; Nicol Kingsmill, To-
ronto, Ont. Officers : Charles F. Cox, Pres. &
Treas. ; Edward A. Wickes, Vice-Pres., New
York, N. Y. : Nicol Kingsmill, Sec., Toronto, Ont.
General Office, St. Thomas, Ont. New York Of-
fice, Grand Central Station.
THE CANADA SOUTHERN Ry. Co.
Capital stock ($100 shares), $300,000; funded
debt (1st 7s of Jan 1, 1900), $323,635.
Charles F. Cox, Pres. & Treas. ; E. A. Wickes,
Vice-Pres., New York. N. Y. ; N. Kingsmill, Sec.,
Toronto, Ont. General Office, Detroit, Mich.
Sarnia, Chatham and Brie Ry. — Petrolia
June, to Petrolia, Ont., 7 m. ; total track, 8.42
miles. Built in 1877. Controlled by the Canada
Southern Ry. Co.
Capital stock ($33,000 held by Canada Southern
Ry. Co.), $60,000; funded debt (1st mtge. 6 p. c.
bonds; all held by Canada Southern Ry. Co.),
$66,000 — total stock and bonds, $126,000.
C. F. Cox, Pres. & Treas., New York, N. Y. ;
N. Kingsmill, Sec. Toronto, Ont.
Toledo, Canada Southern and Detroit
Ry.— West Detroit, Mich., to Can. So. June., O.,
55.87 m. ; Toledo Belt Belt Line, 3.05 m. — total,
58.92 m. ; total track, 147.68 miles.
Consolidation, July 19, 1872, of the Detroit and
State Line RR. Co. of Michigan and Junction
Ry. Co. of Ohio. Stocks and bonds owned by
the Canada Southern Ry. Co., and the road is
operated by the Michigan Central RR. Co. as a
part of the Canada Southern system of roads,
under an agreement for joint operation, made
Dec. 12, 1882, between the Michigan Central and
Canada Southern RR. Cos.
Capital stock ($2,000,000 auth. ; $100 shares),
$1,547,662.50; funded debt (1st gold 7s of Jan. 1,
1906; int. .1. & J., in New York, $1,500,000; 1st
mtge. bond scrip, $11,737.50), $1,511,737.
Charles F. Cox, Pres. & Treas. ; E. A. Wickes,
Vice-Pres., New York, N. Y. ; N. Kingsmill, Sec.,
Toronto, Ont. General Office, Detroit, Mich.
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM. 421
14. Board of Directors, Michigan Central RR. Co., elected May 7, 1903.
CHAUNCEY M. DEPEW, Chairman of the Board New York, N. Y.
H. B. Ledyard... Detroit, Mich.
H.McK.Twombly. NewYork.N.Y.
C. M. Depew "
S. F. Barger..New York, N. Y.
W. K. Vanderbilt "
E. D. Worcester "
Ashley Pond Detroit, Mich.
P. W. Vanderbilt. New York.N.Y.
J. Pierpont Morgan "
H. B. LEDYABD, President Detroit, Mich.
E. D. Worcester, V ice-President and Secretary New York, N. Y.
Treasurer — Charles F. Cox New York, N. Y. | Auditor — A. Judson Burt Detroit, Mich.
Grand Central Station, New York, N. Y.
GENERAL OFFICES \ Foot of Third Street, Detroit, Mich.
Monadnock Building, Chicago, 111.
NEW YORK CENTRAL SYSTEM.— THE NEW YORK, CHICAGO AND ST. LOUIS
RAILROAD COMPANY.
T- r-o j n j ( Buffalo, N. Y., to Silver Creek, N. Y... ) .,
1. Lines Of Road Owned: \ Dunkirkj N. Y., to Indiana-Illinois Line. [494.72 miles.
( Chicago & Stale Line RR. : Ind. Line to Grand Cross'g, 111. . 9.96
ED: } Lake Shore & Mich. So. Ry.: Silver Creek, N.Y., to Dunkirk..7.84— 17.80 "
) Erie RR"' Tn Buffalo, N. Y 1.60
\ Lake Shore & Mich. So. Ry.: Grand Cross'g to Chicago,Ill. 8.90— 10.50 "
Total length of lines operated, Dec. 31, 1902 523.02 miles.
2d track (owned, 6.24 m.; leased, 9.21 m.), 15.45 m.; sidings (owned, 174.92 m.; leased,
24.80 m.), 199.72 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 60 and 65 Ibs.
2. History. — Reorganization in Sept., 1887, after foreclosure sale, May 19, 1887.
of the New York, Chicago and St. Louis Ry. Co. (See MANUAL for 1890, page 232.) The
Lake Shore and Michigan Southern Ry. Co. owns $6,240,000 of the common stock, $2,503,-
000 of the 1st preferred stock, and $6,275,000 of the 2d preferred stock. The line forms a
part of the N. Y. C. & H. R. RR. Co.'s system, but is operated as an independent
organization.
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 166. Cars — passenger, 49; dining,
3: baggage, mail, and express, 19; freight (box, 6,572; flat, 793; stock, 45; gondola,
696; refrigerator, 141), 8,247; service, 127 — total, 8,445. For statement of equipment
covered by car trusts, see Sec. 9.
4. General Income Account, year ending December 31, 1902.
Earnings — Passenger $1,216,910 50
Freight 5,791,03250
Mail and Express 112,538 29
Miscellaneous 18,417 60
Total ($13,649.38 per mile) $7,138,898
Expenses— Maint. of Way and Struct. .$1,014,260 00
Maintenance of Equipment. 816,112 55
Conducting Transportation. 3,320,596 72
Rentals of Terminals 103,994 14
General Expenses 114,216 34
Total ($10,265.72 per mile) $5,369,17975
Net earnings (24.79 p. c.), $1,769,719.14; add interest, $40,125.88— total, $1,809,-
845.02. Payments: Interest on funded debt, $777,000; taxes, $250,073.04; principal
and interest on equipment trusts, $185,649.93; dividends on 1st preferred stock (5 p. c.),
$250,000; on 2d preferred stock (3 p. c.), $330,000— total, $1,792,722.97. Surplus,
$17,122.05. Surplus forward, $346,901.28— total, $364,023.33.
6. General Balance Sheet, December 31, 1902.
Cost of Road $46,086,157 92
Cost of Equipment 3,720,846 50
Materials and Supplies .-. . 266,26158
Other Assets 32,901 05
Bills Receivable 600,57200
Current Accounts and Balances 1,165,58387
Cash on Hand 1,074,79320
Total Assets $52,847,116 12
Common Stock ($100 shares) $14,000,000 00
Preferred Stock ($100 shares) 16,000,00000
Funded Debt Outstanding 19,425,000 00
Current Liabilities 2,295,973 24
Interest and Rentals Accrued 220,222 85
Sinking Fund Account 541,89670
Profit and Loss 364,02333
Total Liabilities $52,847,116 12
422 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
tt. Statement of operations, earnings, etc., for seven years ending Dec. 31 :
1896
1897
1898
1899
1900
1901
1902
Miles Operated. ..
52252
522.52
523.02
523.02
523.02
52302
52302
Passenger Train Miles
1,067,625
1,149,051
1,205,875
1.210,538
1,208,437
1,200,460
1 212 149
Freight Train Miles
3868099
3,879,739
4,146,358
4,274,807
4,332,930
4 367 553
3765091
Total Engine Mileage
6.0S8.514
6,144,861
6,541,140
6,701,973
6,707,932
6,824,922
6 190 892
Passengers Carried
Passenger Mileage
4X2,343
45,753,614
461,889
54,707,985
493,622
62,144,040
563,758
68,807,094
577,784
66,548,451
662,250
83,048 712
620,767
73 310 390
Tons Freight Moved
3,148,250
3,313,549
3,816,686
4,275,908
4,069,359
4,623,086
4,512 120
Tonnage Mileage
890,772,263
904,102,727
1,046,143,799
1,220,486,233
1,210,172,317
1,339,545,971
1,219,576 176
Earnings — Passenger
S
804,915
$
876,977
1
962,9,66
$
1,104,198
S
1,130,092
S
1,304,105
S
1 216 910
Freight
4,689,096
4,843,568
5,330,676
5,713,492
5,785,206
6,067,828
5 791 033
Other
93,755
94,672
97,779
102,295
108,060
113,551
130956
Gross Traffic Earnings
Expenses and Taxes
5,587,766
4,699,151
5,815,217
4,816,319
6,391,421
5,444,523
6,919,985
5,712,451
7,023,358
5,686,764
7,485,484
5,962,626
7,138,899
5,619,253
Net Earnings
888,615
998,898
946,898
1,207,534
1,336,594
1,522,858
1,519,646
Other Receipts
9,643
7,299
5,956
11,351
26,721
32,291
40,126
Available Revenue
898,258
1,006,197
952,854
1,218,885
1,363,315
1,555,149
1,559 772
777,000
777,000
777,000
777,000
777,000
777,000
777,000
(2) 100,000
- *250,000
f470,000
$580,000
$580000
Car Trusts etc
171,172
121,541
117,391
113,242
109,592
159.217
185,650
Total Payments
948,172
998,541
894,391
1,140,242
1,356,592
1,516,217
1,542,650
balance (+ or — )
—49,914
+7,656
+58,463
+78,643
+6,723
+38,932
+17,122
Gross Earnings per Mile
Operating Expenses per Mile
10,693 88
8,993 25
1,700 63
11,129 18
9,217 48
1,911 70
12,220 22
10,409 78
1,810 44
13,230 82
10,922 05
2,308 77
13,428 47
10,872 94
2,555 53
14,312 04
11,400 38
2,911 66
13,649 38
10,265 72
3.383 66
Expenses to Earnings
Aver. Rate p. Pass. p. Mile. ..
Aver. Rate p. Ton p. Mile. . .
84.10p.c.
1.76 c.
0.53 c.
82.82 p.c.
1.60 c.
0.54 c.
85.19 p.c.
1.55 c.
0.51 c.
82.55 p.c.
1.60 c.
0.47 c.
80.97 p.c.
1.70 c.
0.48 c.
79.66 p.c.
1.57 c.
0.45 c.
78.71 p.c.
1.66 c.
0.48 c.
*5 p. c. on 1st preferred stock. t5 p. c. on 1st preferred stock, 2 p. c. on 2d preferred stock.
+5 p. c. on 1st preferred stock, 3 p. c. on 2d preferred stock.
7. Capital Stock. — Preferred stock consists of $5,000,000 first preferred, and $11,000,000
second preferred. It is entitled to 5 p. c. non-cumulative, in the order of priority, ahead of common.
Including the dividend payable March 1, 1902, nine payments have been made on 1st preferred stock,
and two on 2d preferred stock. (See General Index, for Table of Dividends Paid by Railroad
Companies.)
8. Funded Debt. — The funded debt consists of 1st 4s of Oct. 1, 1937, secured on the entire
property of the company. A sinking fund of $100,000 per annum is provided, when net earnings
are $900,000 or upwards, if bonds can be purchased at or below 102 ; if not, the sinking fund lapses
for that year. The original issue of bonds was $20,000,000, and it has been reduced to present
amount by sinking fund purchases.
9. Equipment Trust Obligations. — A trust was created in Feb., 1896, to the amount
of $350,000, payable at the rate of $23,000 yearly on Feb. 15, 1897 to 1906, and $24,000 yearly on
Feb. 15, 1907 to 1911, and one for $400,000 was created in Dec., 1900, which is payable at the
rate of $20,000 each, June 30, and Dec. 31, to and including 1910. As of Dec. 31, 1902, the
equipment covered by equipment trusts consisted of 23 locomotives, 1,784 box cars and 500 coal cars.
1O. RAILROAD LEASED BY THE N. Y., C. & ST. L. RR. Co.
Chicago and State Line RR. — Ind. State
Line to Grand Crossing, 111., 9.96 miles. Leased
Sept. 20, 1887, to the N. Y., C. & St. L. RR. Co.,
at a rental of $100 per annum. Capital stock,
11,500,000; profit and loss, $47 — total, $1,500,047.
Contra : Cost of road, etc., $1,500,000 ; other as-
sets, $47 — total, $1,500,047. I. L. Lockwood, Pres..
Chicago, 111. ; H. V. Fountain, Sec. ; H. Ham-
mersley, Treas., Cleveland, O. Office, Chicago,
111.
11. Board of Directors, New York, Chicago and St. Louis RR. Co., elected May 6, 1903.
CHAUNCEY M. DB;PEW, Chairman of the Board New York, N. Y.
W.K.Vanderbilt. New York.N.Y.
W. E. Roosevelt
F.W.Vanderbilt,
H.McK.Twombly
F. P. 01cott....New York, N. Y.
J.M.Schoonmaker. Pittsb'r'h.Pa.
R. W. Hickox Cleveland, O.
J. P. Morgan.. New York, N. Y.
C. M, Depew..New York, N. Y.
W. H. Newman "
Wm. H. Canniff... Cleveland, O.
J. S. Kennedy, New York, N. Y.
Charles F. Cox New York, N. Y.
WM. H. CANNIFF, President Cleveland, 0.
Sec. & Treas. — Charles F. Cox. .New York, N. Y. Avditor — Henry V. Fountain Cleveland, 0.
PRINCIPAL OFFICE AND ADDRESS Cleveland, O.
POOR'S MAN DAL OF RAILROADS.
423
NEW YORK CENTRAL SYSTEM — Railroads controlled by the Lake Shore and
Michigan Southern Ry. Co. and the Michigan Central RR. Co. through ownership
of their capital stocks.
DETROIT, TOLEDO AND MILWAUKEE RR.— Dundee to Allegan, Mich., 133.16
m.; total track (steel, 140.66 m.), 150.70 miles. Gauge, 4 ft. 8y2 in. Rail, 52 Iba. Or-
ganized July 1, 1897, to take title to the Michigan Division of the Cincinnati, Jackson and
Mackinaw Ry. (see MANUAL for 1897, page 87). The road was operated under lease (ef-
fective Feb. 1, 1899) by the Cincinnati Northern RR. Co. until Jan. 1, 1902, when it passed
into the control of the Lake Shore and Michigan Southern Ry. Co. and the Michigan Cen-
tral RR. Co. Locomotives, 9. Cars — passenger, 5 ; baggage, mail and express, 3 ; freight
(box, 59; stock, 6; flat, 47; coal, 16), 128; service, 8 — total, 144. Capital stock ($100
shares, full paid), $1,500,000. The stock is owned one-half by the Lake Shore and Michi-
gan Southern Ry. Co. and one-half by the Michigan Central RR. Co.
Directors.— Wm. H. Newman, Wm. C. Brown, E. D. Worcester, Charles F. Cox, New
York, N. Y.; P. S. Blodgett, Cleveland, O.; Henry B. Ledyard, Henry Russel, Detroit,
Mich. OFFICERS: WM. H. NEWMAN, Pres.; W. C. Brown, Vice-Pres.; E. D. Worcester,
Sec. & Treas., New York, N. Y. PRINCIPAL OFFICE, Tecumseh, Mich. Executive Office,
Grand Central Station, New York, N. Y.
LAKE ERIE, ALLIANCE AND WHEELING RR Phalanx to Bergholz, O.,
61 m.; total track (steel; 65 and 70 Ibs.), 67.40 miles. Gauge, 4 ft. 8y2 in. Chartered
Jan. 25, 1901, and acquired the Ohio River and Lake Erie RR. and the Alliance Northern
RR., the two forming a line from Phalanx to Bergholz, O., 60.8 miles. The acquired cor-
porations were fully merged into this company in July, 1901. An extension from Berg-
holz to Dillonvale, O., 27 miles, is under construction, and 22 miles of it, from Bergholz to
Piney Fork, is in operation. This company is operated in connection with the Lake Erie,
Alliance and Wheeling Coal Co., and both of them are controlled by the Lake Shore and
Michigan Southern Ry. Co., through ownership of their entire capital stocks. Locomo-
tives, 10. Cars — passenger, 3; combination, 1; freight (flat, 108; coal, 300), 408 —
total, 412.
Operations) year ending June 30, 1902. — Trains run (passenger, 57,672; freight,
62,284; other, 9,456), 129J412 miles. Passengers carried, 32,833; carried one mile, 624,-
198. Tons freight moved, 257,160; ton-miles, 5,273,714. Earnings (passenger, $18,402;
freight, $86,280; other, $6,841), $111,523. Operating expenses and taxes, $94,219. Net
earnings, $17,304. Surplus forward, $22,597. Surplus June 30, 1902, $39,901.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $2,000,000;
funded debt (1st 5s dated March 1, 1901), $1,799,000; current liabilities, $328,125; ad-
vances made by syndicate, $913,350; profit and loss, $39,901— total, $5,080,376. Contra:
Cost of road and equipment, $4,553,096; securities owned, $500,000; advanced for con-
struction, Fairport and Phalanx Ry., $11,996; cash and current assets, $14,283; other
assets, $1,001— total, $5,080,376.
Directors (elected Jan. 28, 1903).— Wm. K. Vanderbilt, H. McK. Twombly, F. W.
Vanderbilt, Chauncey M. Depew, Wm. C. Brown, E. D. Worcester, New York, N. Y.;
George C. Greene, Wm. H. Newman, E. A. Handy, Cleveland, 0. OFFICERS : WM. H. NEW-
MAN, Pres.; Wm. C. Brown, Vice-Pres., Cleveland, O.; E. D. Worcester, See. d Treas.,
New York, N. Y. PRINCIPAL OFFICE, Cleveland, 0. Executive and Financial Office, Grand
Central Station, New York, N. Y.
FERE MARQTJETTE RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Description of. 7
Collateral Trust Bonds 1
Directors and Officers 13
Earnings, Expenses, etc 4
Funded Debt, Description of. 8
Gen. Bal. Sheet, Dec. 31, 1902. 5
Gen. Bal. Sheet, 1900-1902... 10
History 1
Income Acct., Dec. 31, 1902... 4
Income Acct., 1900-1902 10
Investments 9
Land Department 11
Leased Line, Statement of... 12
Marine Department 6
Marq. & Bess. Dock & N. Co. 1
Mileage Oper'd Dec. 31, 1902. . 2
Operations and Inc., 1900-1902. 10
Rolling Stock 3
1. History. — Organized Nov. 1, 1899, for the purpose of consolidating the
Flint and Pere Marquette RR. Co., the Detroit, Grand Rapids and Western RR. Co., and
the Chicago and West Michigan Ry. Co., pursuant to the readjustment agreement dated
May 20, 1899, an outline of which is in the MANUAL for 1899, or page 1413. The proper-
ties of the companies named and of the Chicago and North Michigan RR. Co. were ac-
(Continued on page 424.)
424
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
2. Mileage Operated, Dec. 31, 1902.— A. LINES OWNED (total, 1,768.31 miles).
Toledo Division: Between Alexis, O., and Saginaw, Mich 174.20 miles.
Bay City Division: Between Saginaw and Bay City, Mich 25.66 "
Ludington Division: Between Saginaw and Ludington, Mich 190.75 "
Business Producing Branches 5.83 "
Manistee Division: Between Merritt and Manistee, Mich 27.06 "
Business Producing Branches 2.52 "
Port Huron Division: Between Saginaw and Port Huron, Mich 124.39 "
Port Austin Division: Between Port Huron and Grindstone City, Mich. . . 110.63 "
Petoskey Division : Between Grand Rapids and Bay View, Mich 250.82 "
Business Producing Branches 15.56 "
Rio Rapids Division: Between Berry and Big Rapids, Mich 52.04 "
Muskegon Division: Between Allegan and Pentwater, Mich 132.97 "
Detroit Division : Between Plymouth and Delray, Mich 29.42 "
Urand Rapids Division: Between Plymouth and Grand Rapids, Mich.... 137.18 "
Saginaw Division: Between Elmdale and Paines, Mich 102.58 "
Ionia Division: Between Grand Ledge and Big Rapids, Mich 166.77 "
Business Producing Branches 1.59 "
La Crosse Division : Between La Crosse, Ind., and New Buffalo, Mich .... 37.61 "
Chicago Division: Between New Buffalo and Grand Rapids, Mich 114.94 "
Saginaw, Tuscola and Huron RR. : Saginaw to Bad Axe, Mich 65.79 "
B. LEASED LINE.
Grand Rapids, KaVcaska and Southeastern RR. (see appended statement). 40.73 "
O. TRACKAGE RIGHTS (total, 18.97 miles).
Michigan Central RR.: Lansing to North Lansing, Mich 1.04
Michigan Central RR. : Mershon to Paines, Mich 6.70
Ann Arbor RR. : Toledo to Alexis, 0 6.63 "
D. U. RR., D. d S. Co. : Delray to 18th St., Detroit 3.24 "
Fort Street Union Depot : 18th St. to 3d St., Detroit 1.36 "
D. OWNED JOINTLY WITH OTHERS.
Detroit and Mackinac RR. Bridge, Bay City (P. M. RR. owns one-half) .... 0.26 •'
Total length of lines operated, Dec. 31, 1902 1,828.27 miles.
Sidings (owned, 586.05 m. ; leased, 7.25 m. ; trackage, 8.95 m.), 602.25 miles. Gauge,
4 ft. Sy2 in.
quired by purchase under the laws of Michigan, subject to the mortgages and other liens
existing on them at the time of the purchase, the company issuing in payment for such
properties all of its common and preferred stock. The company also acquired the Grand
Rapids, Belding and Saginaw RR., from Belding to Freeport, Mich., 28 miles, by pur-
chase of its entire capital stock (see Sec. 8a). The Saginaw, Tuscola and Huron RR. has
been formally merged into the Pere Marquette RR., its property having been conveyed by
deed dated May 7, 1903.
On January 20, 1903, the Pere Marquette Railroad Company purchased the Lake Erie
and Detroit River Railway for $2,870,000, issuing in payment therefor its collateral trust
20-year bonds of Jan. 1, 1923, bearing interest at the rate of 3 per cent, for the first three
years, and 4 per cent, thereafter. The bonds are secured by deposit of the entire capital
stock of the L. E. & D. R. Ry. Co. They are subject to redemption on any interest day
after sixty days' notice. The L. E. & D. R. Ry. extends from Port Huron and Windsor to
St. Thomas, with branches to Port Stanley and Rond Eau, on Lake Erie, and to London, all
in the Province of Ontario, and having a total of 230 miles. From St. Thomas to Buffalo
the traffic of the company will be carried under an agreement with one of the existing lines.
Under a contract entered into between this company and the Bessemer and Lake Erie
RR. Co. (owned by the United States Steel Corporation), the Marquette and Bessemer
Dock and Navigation Co. was organized under the laws of New Jersey in Feb., 1903, and
has acquired all the property of the United States and Ontario Steam Navigation Co. The
capital stock of the Marquette and Bessemer Dock and Navigation Co., consisting of 2,500
POOR S MANUAL — PERK MARQUETTE RR. CO.
425
shares, is owned equally by the Pere Marquette RR. Co. and the Bessemer and Lake Erie
RR. Co. The property is operated under a contract for preferential interchange of busi-
ness for a period of 99 years, the Pere Marquette RR. Co. using it for its Pittsburgh busi-
ness, and the United States Steel Corporation for its trans-Lake Erie traffic and for pref-
erential interchange with the Pere Marquette RR. The Pere Marquette RR. Co. is now
extending its line to Porter, Ind., where connection will be made with the Elgin, Joliet and
Eastern RR., also owned by the United States Steel Corporation, thus constituting with
the Pere Marquette RR. and the Marquette and Bessemer fleet a through line connection
between the two properties. The Marquette and Bessemer Dock and Navigation Co. has
issued $400,000 of 4% per cent. 30-yr. gold bonds, which are guaranteed, jointly and sever-
ally, by the Pere Marquette RR. Co. and the Bessemer and Lake Erie RR. Co.
The outstanding capital stock and securities of the South Haven and Eastern RR.
Co. and of the Milwaukee, Benton Harbor and Columbus Ry. Co. were purchased by
this company on April 1, 1903. The companies named will be absorbed by this company
as soon as proper action can be taken by the stockholders.
3. Boiling Stock, Dec. 31, 1902. — Locomotives, 266. Cars — passenger, 184; com-
bination, 35; baggage, mail, and express, 61; freight (box, 5,166; refrigerator, 113;
stock, 99; furniture, 396; flat, 2,519; coal, 1,115; charcoal, 103; miscellaneous, 131),
9,642; service, 134 — total, 10,056. Of this equipment 4 locomotives and 118 cars (5
passenger, 1 combination, 1 baggage, mail and express, 62 box, 3 refrigerator, 13 stock,
22 flat, 8 coal and 3 service) are narrow gauge. Twelve of the narrow gauge flat cars are
leased and 17 locomotives, 900 box, 200 coal, 99 refrigerator, 100 flat, and 10 service cars
are held under equipment trusts.
3a. Equipment Added, year ending June 30, 1903. — During the year ending
June 30, 1903, there were added to the equipment as per Sections 3 and 4, 18 locomotives,
1,883 box cars, 45 coal cars, 1 steamer and 4 car ferries.
4. General Income Account, year ending December 31, 1902.
Expenses— Maint. Way and Struct — $1.480,42242
Maintenance of Equipment.. 1,040,473 87
Conducting Transportation. 3,906,673 40
General Expenses 230,474 03
Earnings— Passenger $2,658,594 21
Freight 6,367,04890
Mail and Express 365,18632
Miscellaneous 14,30034
Marine Earnings 550,24530
Marine Expenses 462,82467
Total ($5,445.24 per mile) $9,955,37507 Total ($3,894.87 per mile) $7,120,86839
Net earnings (28.47 p. c.), $2,834,506.68. Payments: Taxes, $389,665.33; interest
charges, $1,451,704.56; equipment bonds, $159,243.70; dividends on preferred stock, 2
p. c. each (No. 4, Aug. 15, 1902, $210,206; No. 5, Feb. 16, 1903, $210,210), $420,416; im-
provement fund, $200,000— total, $2,621,029.59. Surplus, $213,477.09.
The preceding statement shows that the result of operation for the year was as fol-
lows: Gross earnings, $9,955,375.07; operating expenses and taxes, $7,510,533.72; net in-
come, $2,444,841.35. Deduct interest on bonds, $1,451,704.56. Surplus, $993,136.79.
5. General Balance Sheet, December 31, 1902.
Cost of Road and Equipment $57,061,567 67
Equipment : Equipment Companies. . 890,000 00
Investments 1,421,02743
Cash and Bills Receivable 780,47082
Material on Hand 550,023 85
Open Accounts 755,11393
Trustees' Equipment Companies 44,659 48
D. O. R. & W. RR. Pref. Stock Scrip. 271 60
Total Assets $61,503,134 78
Capital Stock — Common $16,000,000 00
Capital Stock — Preferred 12,000,00000
Funded Debt 31,173,337 43
Accrued Bond Interest 364,55516
Unp'd Coup., Vouch, and Pay Rolls. . 1,079,744 09
Unpaid Taxes 355,70353
Unpaid Dividends (inc. Feb. 16, 1903). 213,158 00
Sinking Funds Equipment Bonds — 44,65948
Bills Payable 58,50000
Profit and Loss 213,47709
Total Liabilities $61,503,13478
6. Marine Department. — The company operates steamship lines on Lake Michi-
gan, from Ludington to Manitowoc, from Ludington to Milwaukee, from Muskegon to
Milwaukee, and from Ottawa Beach to Milwaukee. The marine equipment consists of
2 steel car ferries of 30 cars capacity each, 1 wooden car ferry of 26 cars capacity, and 4
426 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
combination freight and passenger steamers. One of the steel car ferries was added
to the fleet during the year 1901, and an order was placed for another for delivery in the
fall of 1902.
7. Capital Stock — Preferred stock Is entitled to dividends at the rate of 4 p. c. per annum,
non-cumulative, in priority to common stock. The amount of the preferred stock may be Increased
at any time, and from time to time, with the consent of the holders of a majority of the preferred
stock and of a majority of the common stock at the time outstanding.
8. Funded Debt — The funded debt outstanding on Dec. 31, 1902 — total, $31,173,337.43, as
per general balance sheet — consisted of the several issues of bonds, listed In the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto subjoined
to the statement ; and the details of funded debt outstanding on or about Aug. 1, 1903, will be found
e Bond List — see General Index :
in the Ready Reference
$4,605,000 00 P.M.RR.consol.gold 4s of Jan. 1, 1951.
4,000,000 00 F. & P. M. 1st gold 6s of Oct. 1, 1920.
1,000,000 00 F. & P. M. 1st gold 4s of Oct. 1, 1920.
2,850.000 00 F.&P.M.lst con.gold 5s of May 1,1939.
2,500,000 00 F.&P.M.Pt.Hur.Div.gd.5s.of Apr.1,1939.
400,000 00 F. & P. M. Tol. Div. 5s of July 1, 1937.
100,000 00 P. M. Transportation Co. ( Car Fer-
ry) gold 6s of 1903-07.
$5,758,000 00 C. & W. M. 1st 5s of Dec. 1, 1921.
1,667,000 00 C. & N. M. 1st 6s of May 1, 1931.
19,000 00 G. R., N. & L. S. 1st 7s of June 1, 1906.
5,379,102 43 D., G. R. & W. 1st 4s of April 1, 1946.
1,000,000 00 S.,T.&H.RR.lst gold 4s of Aug.1.1930.
93,000 00 West. Eq. Co.,Ltd.,6s of April 1, 1909.
797,000 00 Marq. Equip.Co.,Ltd.,5s of Oct.l, 1910.
6,235 00 C. & W. M. coupon scrip.
Collateral trust bonds, $2,870,000, issued for purchase of Lake Erie and Detroit River By. are
described in Section 1.
Consol. Mtge. Bonds, P. M. RR. Co. — Secured on the entire property of the company, subject to
prior liens. Authorized issue, $50,000,000. Sufficient bonds are reserved for the retirement of che
prior liens.
Flint and Pere Marquette 1st Mtge. Bonds. — Both Issues are secured by the same mortgage,
covering the road from Monroe to Ludington, the Flint River Branch and the Saglnaw and the Bay
City Branch, a total of 279.90 miles.
Flint and Pere Marquette 1st Consol. Mtge. Bonds. — Secured by first mortgage on 119.72 miles
of branches and by second mortgage on the property covered by the F. & P. M. 1st mtge. bonds.
F. d P. M. Port Huron Division Bonds. — Secured by first mortgage on the Port Huron and Port
Austin Divisions (Saginaw to Port Huron, .90.3 m. ; Port Huron to Almont, 34.09 m. ; Port Huron
to Grindstone City, 92.33 m. ; Palms to Harbor Beach, 18.3 m.), 235.02 miles.
F. £ P. M. Toledo Division Bonds. — Secured by first mortgage on the line from Monroe, Mich.,
to Toledo, O., 18.70 miles, and on all property appertaining thereto. The mortgage also covers the
lease for trackage and terminals with the Ann Arbor RR., at Toledo, O.
Pere Marquette Transportation Co. Bonds. — Secured by first mortgage on Car Ferry No. 15.
Chicago and West Michigan Consol. Mtge. Bonds. — Secured by first mortgage on the following
lines, subject to the lien of the G. R., N. & L. S. bonds, mentioned in the following paragraph : La
Crosse, Ind., to Traverse City, Mich., 300.83 m. ; Allegan to Pentwater, Mich., 98.82 m. ; Big Rapids
Junction to Big Rapids, Mich., 51.6 m. ; Mears to Hart, Mich., 3.78 m. ; Kirks to Muskegon, Mich.,
11.98 m. ; Pickands to Fruitport, Mich., 1.76 m. ; Muskegon to Port Sherman, Mich., 5.11 m. ;
Cronje to Ottawa Beach, Mich., 6.25 m. — total, 480.13 miles.
Grand Rapids, Newaygo and Lake Shore Bonds. — Secured by first mortgage on the line from
Newaygo to White Cloud, Mich., 10 miles.
Chicago and North Michigan Bonds. — Secured by first mortgage on the following lines :
Boardman June, to Bay View, Mich., 79.02 m. ; Williamsburg to Elk Rapids, Mich., 9.51 m. — total,
88.53 miles.
Detroit, Grand Rapids and Western 1st Consol. Mtge. Bonds. — Secured by first mortgage on the
following lines : West Detroit to Grand Rapids, Mich., 146.64 m. ; Kiddville to Strong, Mich., 9.28
m. ; Grand Ledge to Big Rapids, Mich., 93.24 m. ; Mecosta Junction to Barryton, Mich., 11.17 m. ;
Remus to Weldman, Mich., 13.36 m. ; Rodney to Chippewa, Mich., 5.47 m. ; Belding to Paines,
Mich., 100.57 m. — total, 379.73 miles.
Saginaw, Tuscola and Huron 1st Mtge. Bonds. — Secured by first mortgage on the Saginaw,
Tuscola and Huron RR. (see appended statement). Both principal and interest are guaranteed by
the Pere Marquette RR. Co.
The Western Equipment Co., Ltd., Bonds. — Secured on 100 flat cars and 100 refrigerator cars.
There is a sinking fund sufficient to retire the bonds t.t maturity.
The Marquette Equipment Co., Ltd., Bonds. — Secured on 900 box cars, 200 coal cars, 10 caboose
cars and 17 locomotives. The authorized issue Is $1,000,000. Bonds amounting to $998,000 have
been Issued, but $201,000 of them have been retired by action of the sinking fund, leaving outstand-
ing at this time (May 1, 1903), $797,000. A sinking fund is provided by which one-tenth of the
total amount of bonds is to be retired each year at par and accrued interest, the privilege being re-
served by the Pere Marquette RR. Co. to increase that amount or pay the entire issue at par and
accrued interest at any time on sixty days' notice.
Chicago and West Michigan Coupon Scrip. — This scrip, originally amounting to $663,902.50,
was called for payment, at par, on Nov. 1, 1901, and Dec. 2, 1901, and interest on it has ceased.
HH. Grand Rapids, Belding: and Sa&lnaw RR. Bonds. — $260,000 1st mtge. 5 p. c.
25-yr. bonds, due March 1, 1924, secured on the line from Belding to Freeport.Mich., 28 miles. The
line has been deeded to the Pere Marquette RR. Co. and while that company has not assumed the
bonded debt so as to become liable for it, the bonds are necessarily a part of the obligations out-
standing against the property. They are not included in the amount of funded debt as per general
balance sheet.
9. Investment** of Pere Marquette RR. Co., March 1, 1903. — The details of the $1,421.-
027.43 of Investments as per general balance sheet are not given in the report of the
company. The following is a detailed statement of the company's investments as of March 1, 1903 :
Fort Street Union Depot Co. stock, $519,750 ; Bay City Belt Line stock, $96,500 ; Bay City Belt
Line, $25,104.53 ; Pere Marquette Transportation Co. stock, $196,460.18 ; Pere Marquette Trans-
portation Co., $90,000; Grand Rapids, Belding and Saginaw RR. stock, $24,125; Lake Erie and
Detroit River Ry. stock, $2,870,000 ; Cbarlevoix Improvement Co., $60,000 ; Ottawa Beach prop-
erty, $93,484.77; W. W. Crapo, trustee, $157,019.62; Lake Erie Coal Co., $10,000; other stocks
and bonds, $175,000 — total, $4,317,444.10.
POOR S MANUAL — PERE MARQUETTE RR. CO.
427
1O. Statement of operations, property, and capital accounts, for three years ending
Dec. 31:
1900
1901
1902
1900
1901
1902
Miles Railroad Oper. . . .
Passenger Train Mileage
Freight Train Mileage . .
Total Rev. Mileage . .
1,821.29
1,837.68
1,828.27
Gross Earnings per Mile
Operating Exp. p. Mile. .
Net Earnings per Mile. .
Expenses to Earnings. . .
A. Earn. p. Pass. p. Mile.
S
4,55507
3,332 09
1,222 98
73.15 p.c.
2.18 c.
$
5,002 81
3,710 68
1,292 13
74.21 p.c.
2.01 c.
S
5,445 24
3,894 87
1,550 37
71.53 p.c.
2.04c
2,956,718
3,211,422
3,217,524
3,562,343
3,304,646
3,776,734
6,168,140
6,779,867
7,081,380
Passengers Carried
Passenger Mileage
Freight (tons) Moved. ..
Freight (ton) Miles
Earnings— Passenger . .
Freight ....
Other
2,853,495
105,760,378
5,675,599
639,329,323
$
2,414,103
5,540,189
341,819
3,382,443
123,739,849
6,439,247
791,039,936
$
2,573,937
6,257,373
369,865
3,593,454
130,049,384
7,203,639
906,063,784
$
2,658,594
6,367,049
929,732
Av. Earn. p. Ton p. Mile
Miles Railroad Owned. .
Miles Track Owned
Locomotives
0.80 c.
1,691.70
2,181.65
224
271
8,126
$
16,000,000
12,000,000
26,793,071
1,976,508
0.73 c.
1,706.89
2,234.00
250
272
9,280
$
16,000,000
12,000,000
29,447,978
1,976,018
0.70 c.
1,768.31
2,370.56
266
285
9,771
1
16,000,000
12,000,000
31,173,337
2,329,797
Passenger Train Cars
Freight Train Cars
Total
8,296,111
6,068,701
9,201,175
6,828,040
9,955,375
7,120,868
Funded Debt
Operating Expenses . . .
Net Earnings
Current Liabilities
Total Liabilities. ....
Cost of Road, etc
2,227,410
261,891
1,319,330
2,373,135
282,172
1,356,389
2,834,507
389,665
1,451,705
56,769,579
53,102,703
416,000
777,085
406,300
2 067 491
59,423,996
54,829,181
1,183,000
1,410,492
397,760
1 603563
61,503,134
57,061,568
890,000
1,421,027
550,024
1 580 515
Payments — Taxes
Interest . . .
Sink. Fund.
Pref. Div....
Total
Trust Equipment
Investments
*
(4) 480,000
152,500
(4) 420,446
159.244
(4) 420^416
Materials and Supplies .
Cash & Current Assets.. .
Total Assets
2,061,221
166,189
2,211,507
161,628
t2,621,030
213,477
Surplus
56,769,579
59,423,996
61,503,134
•Equipment sinking fund payments in 1900 (amount, $69,233.32) were charged in operating
expenses to repairs of freight cars, tincluded In this total is $200,000 transferred to " Improvement
Fund."
11. Land Department. — During the year ending Dec. 31, 1902, there were sold 4,543.51
acres for $25,184.29, an average of $5.54 an acre. «Lands unsold Dec. 31, 1902, 30,341.23 acres.
Bills receivable on hand Dec. 31, 1902 (principal, $35,714.70; Interest, $5,814.49), $41,529.19.
Receipts during year: Contracts (principal, $22,682.83; Interest, $2,663.40), $25,346.23; interest
on deposits, $443.39 — total, $25,789.62. Payments (taxes and sundries, $2,603.95; land office ex-
penses, $1,046; trustee and clerical services, $375), $4,024.95. Balance paid to treasurer,
$21,764.67.
12. RAILROAD LEASED BY THE PERE MARQUETTE RR. Co.
GRAND RAPIDS, KALKASKA AND
SOUTHEASTERN RR -- Rapid City to Strat-
ford, Mich., and branches, 40.73 m. ; total track,
47.98 miles.
HISTORY. — Chartered in May, 1897; road
opened Jan. 10, 1898. Leased to the Chicago and
West Michigan Ry. Co., for ten years from Jan.
20, 1898, and lease assumed by the Pere Marquette
RR. Co.
FINANCIAL STATEMENT. — Capital stock,
$264,000; funded debt (1st gold 6s of Nov. 1, 1927),
$200,000 — total stock and bonds, $464,000.
CORPORATE OFFICERS. — W. Alden Smith,
Pres., Grand Rapids, Mich. ; Samuel W. McCall,
Vice-Pres. ; Geo. A. Fernald, Treas., 40 Water St.,
Boston, Mass. ; M. C. Huggett, Sec., Grand Rap-
ids, Mich. Office, Grand Rapids, Mich.
13. Board of Directors, Pere Marquette RR. Co., elected May 6, 1903.
Win. K. Bixby....St. Louis, Mo.
Thomas H. West.. "
S. R. Shipley.. Philadelphia, Pa.
M. J. Carpenter. . Detroit, Mich.
FREDERICK H. PRINCE, President Boston, Mass.
Mark T. Cox, Vice-President New York, N. Y.
Fred. H. Prince. .Boston, Mass.
Nathaniel Thayer.
Charles Merriam... "
Geo. H. Norman . Newport, R. I.
Thos. F. Ryan . .New York, N. Y.
Mark T. Cox
Newman Erb.. . . " '<•
Newman Erb, V ice-President
Myron J. Carpenter, Viee-Pres. and General Manager Detroit, Mich.
Sec. <t Treas. — Chas. Merriam Boston, Mass. | Auditor. — J. E. Howard Detroit, Mich.
( Fort Street Union Depot, Detroit, Mich.
GENERAL OFFICES j 66 Broadway, New York, N. Y.
PERE MARQUETTE SYSTEM.— Railroads Added to System After Dec. 31, 1902.
LAKE ERIE AND DETROIT RIVER RY.— Walkerville to St. Thomas,
Ont., 126.85 m. ; Rondeau to Sarnia, Ont., 71.50 m. — total owned, 198.35 m. ; leased London
and Port Stanley Ry. (see appended statement), 24 m. — total operated, 222.35 m. ; sid-
ings, (owned, 41 m.; leased, 5.68 m.), 46.68 miles. Rail (steel), 51, 56, 65 and 70 Ibs.
Gauge, 4 ft. 8*/2 in.
428
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
History. — Chartered as Lake Erie, Essex and Detroit River Ry. Co., May 1, 1885;
road opened Dec. 22, 1888. Present name adopted in 1891. Erie and Huron Ry., from
Rondeau to Sarnia, Ont., 71.50 miles, purchased Aug. 1, 1808. Control acquired by
Pere Marquette RR. Co. Jan. 20, 1903, by purchase of entire capital stock.
Boiling Stock. — Locomotives, 33. Cars — passenger, 38; baggage, etc., 13; freight
(box, 44; flat, 175; coal (leased, 210, 229), 518— total cars, 569.
Operations, year ending Dec. 31, 1902. — Trains run (passenger, 395,855; freight,
5,328; mixed, 222,768), 623,951 miles. Passengers carried, 546,058. Tons freight
moved, 651,247. Earnings (passenger, $211,385; freight, $393,354; other, $30,301),
$635,040. Operating expenses, $478,029. Net earnings, $157,011. Payments: Interest
on bonds, $144,464; taxes, $7,404; rentals, $12,497 — total, $164,365. Deficit for year,
$7,354. Surplus forward, $193,468. Net surplus, $186,114. Deduct expenditure for
improvements, $200,069. Net deficit, $13,955.
General Balance Sheet, Dec. 31, 1902. — Capital stock, $1, 400,000 ; funded debt
(1st gold 5s of Aug. 1, 1932), $3,000,000; government and municipal bonuses, $1,018,-
040; current liabilities, $178,711; interest accrued, not due, $62,500 — total, $5,659,851.
Contra: Cost of road and equipment, $5,417,640; other investments, $73,512; materials,
etc., $45,932; cash and current assets, $108,812; profit and loss,$13,955 — total, $5,659,851.
RAILROAD LEASED BY THE LAKE EBIE AND DETROIT RIVER RY. Co.
London and Port Stanley RR. — London
to Port Stanley, Ont., 23.66 m. ; total track (steel ;
56 and 67 Ibs.), 26.13 miles. Gauge, 4 ft. 8J in.
Chartered in 1853; road opened in 1856. (See
Manuals for 1893 and 1894.) Leased to the Lake
Erie and Detroit River Ry. Co., for 20 years from
Jan. 1, 1894, at a rental of $10,000 per annum. This
lease has been extended for a term of 30 years
from Jan. I, 1901, at an annual rental of $17,500
for the balance of the present lease (about 13
years), at the expiration of which lease the
yearly rental will be $20,000 thereafter ; opera-
tions included in those of the lessee.
Financial Statement, June 30, 1902. — Capital
stock auth., $730,000 ; subscribed, $441,500 ; paid up,
$28,340; funded debt authorized, $756,378 6 p. c.
Directors, L., E. & D. R. Ry. Co.— Newman Erb, Mark T. Cox, New York, N. Y. ; F. H.
Prince, Boston, Mass.; M. J. Carpenter, Detroit, Mich.; J. H. Walker, Wni. Woolatt,
Walkerville, Ont. OFFICERS: F. H. PBINCE, Pres., Boston, Mass.; Newman Erb, Vice-
Pres., New York, N. Y. ; M. J. Carpenter, Vice-Pres. & Gen. Mgr., Detroit, Mich.; A.
Leslie, 8eo. d Treas., Walkerville, Ont. PRINCIPAL OFFICE, Walkerville, Ont.
MILWAUKEE, BENTON HABBOB AND COLUMBUS BY.-Projected : Ben-
ton Harbor, Mich., to Nepanee, Ind., 63 miles. Completed: Benton Harbor to Buchanan,
Mich., 26.86 m.; total track (steel; 67 Ibs.), 28.47 miles. Gauge, 4 ft. 8^ in. Equip-
ment consists of 2 locomotives and 36 cars (2 passenger, 2 baggage, etc., 11 box freight,
20 flat freight, and 1 caboose). Chartered Aug. 10, 1897, and succeeded to the fran-
chises and property of the St. Joseph Valley Ry. Co. and the Benton Harbor and South-
eastern Ry. Co. Capital stock, $270,000. Funded debt (1st 5s of Sept. 1, 1947), $405,-
000. The outstanding capital stock and securities of the company were purchased by
the Pere Marquette Ry. Co. as of April 1, 1903, and it is intended to convey the property
and franchises to the same company.
SOUTH HAVEN AND EASTEBN BB.— Lawton to South Haven, Mich., 36.8
m. ; total track (steel; 67 Ibs.), 40.10 miles. Gauge, 4 ft. 8i/£ in. Equipment consists
of 3 locomotives and 31 cars. Reorganization, May 3, 1894, of the Toledo and South
Haven Ry. Co. Capital stock, $218,500. Funded debt (1st 5s of April 1, 1925), $216,-
000. The outstanding capital stock and securities were purchased by the Pere Mar-
quette Ry. Co. as of April 1, 1903, and it is intended to convey the property and fran-
chises to the same company.
bonds — 1st mtge., $365,945 ; 2d mtge., $164,400 ; 3d
mtge., $149,966; municipal aid (loan, $680,311;
subscription, $414,000), $1,094,311; capital from
other sources, $85,000 — total subscribed, $1,620,-
811 ; paid in, $1,207,651. Floating debt (3J p. c. to 6
p. c.), $1,001,157. Cost of road, etc., $1,046,637.
The original cost of road and appurtenances was
$1,121,861, but the rolling stock was sold to the
lessees. The company is indebted to the munici-
pality of the city of London, Ont., for the whole
of its bonded debt, and the railway is the ex-
clusive property of that city.
Adam Beck, Pres. ; Neil Cooper, Vice-Pres. ;
John Pope, Treas. ; C. B. Edwards, Sec., London,
Ont. General Office, London, Ont.
SOUTHEBN INDIANA BAILWAY COMPANY (THE).
(For map of this road, see page 429.)
1. History.— Chartered May 27, 1897, as the Evansville and Richmond Ry. Co. Road
opened from Elnora to Westport, Ind., 101.4 miles, in June, 1890. Name changed to The
Southern Indiana Ry. Co., on Dec. 1/1897. Extension from Elnora to Linton, 12 miles,
429
430
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
opened Jan. 22, 1900; from Linton to Terre Haute, Ind., 34.7 miles, on Sept. 17, 1900.
The Bedford Belt Ry. is leased in perpetuity, this company paying the interest on its
bonds by way of rental.
2. Line of Road Owned. — Terre Haute to Westport, Ind 146.86 miles
BRANCHES: Seymour June, to Passenger Sta., Ewing Street, Seymour, Ind.,
0.85 in. ; Bedford Sta. to Fourth Street, Bedford, Ind., 0.70 m. ; Sullivan
Branch — Latta to Sullivan, Ind., 5.19 m. ; Terre Haute Belt and Gravel
Pit Track, 0.74 m. ; total 7.48 "
LEASED LINE: Bedford Belt Ry.: Bedford to Oolitic, Ind 3.93 "
TRACKAGE : Vandalia Line: Main Street to Union Station, Terre Haute. . . . 0.30 "
Total length of railroad operated, June 30, 1902 158.57 miles
Sidings (owned, 34.77 m.; leased, 3.54 m.), 38.31 miles. Gauge, 4 ft. 8% in. Rail (steel).
60, 70 and 80 Ibs.
3. Rolling Stock, June 30, 1902.— Locomotives, 20. Cars— passenger, 13; baggage,
mail, and express, 7; freight (box, 75; flat, 1,048; coal, 1,300), 2,423; service cars, 48 —
total cars, 2,491.
4. Operations, year ending June 30, 1902 (average, 151.64 m.). — Train mileage —
passenger, 262,463; freight, 142,970; other, 229,257— total, 634,690 miles. Passengers
carried, 309,351; carried one mile, 5,376,480; average mile rate, 2.099 cents. Tons freight
moved, 812,155; moved one mile, 32,774,290; average ton-mile rate, 1.42 cents.
EARNINGS. 1900-01 1901-02
Passenger $89,26120 $115,81417
Freight 317,51932 465,68000
Mail and Express 8,82116 9,38954
Miscellaneous 24,226 10 39,311 36
Totals. . . . $439,827 78 $630,195 07
Averages per Mile 3,035 39 4,155 86
EXPENSES.
Maint. of Way and Structures.
Maintenance of Equipment . . .
Conducting Transportation. . .
General Expenses
1900-01
$57,490 69
59,821 43
141,592 50
35,182 63
1901-02
$58,955 24
77,949 80
175,367 91
40,069 57
Totals $294,087 25 $352,342 52
Averages per Mile 2,029 59 2,323 54
Net earnings, 1901-02 (44.09 p. c.), $277,852.55. Charges: Interest on funded
debt, $115,363.97; other interest, $1,116.28; taxes, $24,172.96; rental Bedford Belt Ry.,
$17,500; dividends on preferred stock Nos. 1 and 2, each 2ya p. c., $25,000 — total, $183,-
153.21. Surplus, $94,699.34; surplus forward, $164,395.52; sundry additions during
year, $128.89— total, $259,223.75.
4». General Income Account, year ending June 30, 1903.
Earnings — Passenger $150,646 55
Freight 638,741 54
Mall and Express 13,17839
Miscellaneous 140,00572
Total ($5,944.20 per mile) $942,572 20
Expenses— -Maint. Way and Structure — $84,375 01
Maintenance of Equipment... 81,397 65
Conducting Transportation . . . 246,207 88
General Expenses 48,565 03
Total ($2,904.36 per mile) $460,545 57
Net earnings (51.13 p. c.), $482,026.63. Deductions: Interest on bonds, $143,233.33;
other interest, $5,605.55; rental of leased line, $17,500; taxes, $33,260.90; dividends Nos.
3 and 4 on preferred stock, 2y3 p. c. each, $25,000— total, $224,599.78. Surplus, $257,-
426.85; surplus forward, $259,223.75; unclaimed wages, 1902, $169.66— total, $516,820.26.
5. General Balance Sheet, July 1, 1902.
Cost of Road $6,032,445 21
Cost of Equipment 1,265,47210
Real Estate and Buildings 104,455 14
Stocks and Bonds Owned 65,00000
Materials and Supplies 93,47176
Current Accounts 83,72709
Cash on Hand 44,16008
Total Assets $7,688,73138
Common Stock Paid in ($100 shares). $3,000, 000 00
Preferred Stock Paid in ($100 shares). 600,000 00
Funded Debt Outstanding( see Sec. 6). 3,160,000 00
Real Estate Incumb ranees 3,551 00
Equipment Notes 468,14216
Interest Accrued 52,66667
Current Liabilities 172,64780
Bills Payable 60,00000
Preferred Stock Dividend 12,50000
Profit and Loss 259,223 75
Total Liabilities $7,688,73138
6. Funded Debt — The funded debt on June 30, 1902, consisted of $3,160,000 1st gold 4s of
Feb. 1, 1951, secured on the entire property now owned or hereafter acquired by the company, except
its property in Wayne County, Ind. The mortgage authorizes a total issue of $5,000,000 of bonds
for the following purposes : $1,500,000 for the retirement of an equal amount of 1st mtge. 5 p. c.
bonds of June 1, 1898-1938 ; $1,660,000 to pay the floating debt, finish improvements in progress
and provide for new construction expenditures in 1901 ; $340,000 to retire the equipment notes of
the company ; $1,000,000 to pay for additional equipment as desired ; the remaining $500,000 to be
POOR S MANUAL OP RAILROADS.
431
reserved for the general purposes of the company and to be issued after Jan. 1, 1902, at not exceed-
ing the rate of $125,000 in any one year. Bonds in addition to the $5,000,000 may be issued here-
after, at the rate of $20,000 per mile for extensions and at the rate of $10,000 per mile for double
track. Additional particulars respecting the funded debt will be found in the Ready Reference Bond
List — see General Index.
General Balance Sheet, July 1, 1903.
Cost of Road $6,409,495 30
Cost of Rolling Stock 2,332,697 87
Real Estate and Buildings 106,144 10
65,00000
81,329 50
: . . 99,746 44
40,52258
Stocks and Bonds.
Materials and Fuel.
Current Accounts...
Cash on Hand
Total Liabilities $9,134,835 79
Common Stock $3,000,000 00
Preferred Stock 500,000 00
1st Mortgage Bonds 3,760,000 00
Equipment Notes 951,77935
Bills Payable 150,00000
Current Accounts 180,63993
Interest due Aug. 1, 1903 62,666 66
Preferred D ividend No. 4 12,500 00
Real Estate Encumbrances 429 59
Profit and Loss 516,82036
Total Assets $9,134,835 79
Equipment Notes. — Equipment notes and interest per balance sheet of July 1, 1903, are
due as follows : In 1903, $133,995.61 ; in 1904, $238,515.67 ; in 1905, $249,188.02 ; in 1906,
$202,683.59 ; in 1907, $127,396.46— total, $951.779.35.
operation for five years
7. Capitalization, cost
of property, and results from
ending June 30:
v-._. Capital
Bonded
Cost*
RR.
Grow
Net
Taxes *
Yean- Stock.
Debt. Investm'ts.
Operated.
Earnings.
Earnings.
Rentals.
$
$
$
Miles.
$
$
$
1898.
. 1,500.000
1,000,000
2.195,610
73.90
136,744
41,099
4,573
1899.
. 1,500,000
1,000,000
2,757,386
137.96
324,623
121,817
32,308
1900.
. 2,500,000
1,500,000
4,327,549
143.77
363,895
149,897
34,314
1901.
. 3,500,000
2,545,000
6,494,774
144.90
439,828
145,741
36,046
1902,
. 3,500,000
3,160,000
7,467,372
158.57
630,195
277,852
41.673
In- Div- Total Balance,
terest. idends. Paym'tf. Surplus.
$
6,273
42,048
62,231
76,365
$ $
10,846 30,253
74.356 47,461
96,545 53,352
112,411 33,330
116,480 25,000 183,153 94,699
8. RAILROAD LEASED BY THE SOUTHERN INDIANA RY. Co.
BEDFORD BELT RY Bedford to Oolitic,
Ind., 3.93 m. ; total track (steel; 60 Ibs.), 7.47
miles.
HISTORY. — Chartered March 30, 1892; road
opened May 1, 1893. Leased in perpetuity, June,
1898, to the Southern Indiana Ry. Co., at a rental
of the interest on the bonds.
FINANCIAL STATEMENT. — Capital stock
($100 shares). $250,000; funded debt (1st 5s of
July 1, 1938, $500,000 auth.), $350,000 — total, $600.-
000.
CORPORATE OFFICERS. — F. D. Meacham.
Pres. ; J. R. Walsh. Vice-Pres. ; L. A. Walton,
Treas. ; C. F. Weinland, Sec. & Aud. Office, Chi-
cago, 111.
9. Board of Directors, The Southern Indiana Ry. Co., elected January 19, 1903.
John R. Walsh. .. Chicago, 111. | C. F. Weinland. . .Chicago, 111. I F. M. Trissal Chicago, 111.
James Walsh Chicago, 111. | F. D. Meacham Chicago, 111.
J. R. WALSH, President Chicago, 111.
James Walsh, V 'ice-President
Treasurer — L. A. Walton Chicago, 111. | Secretary and Aud. — C. F. Weinland-Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS 204 Dearborn St., Chicago, 111.
TOLEDO, ST. LOUIS AND WESTERN RAILROAD COMPANY.
1. Line of Road. — Toledo, 0., to East St. Louis, 111 450.72 miles.
Sidings, etc., 107.16 miles. Gauge, 4 ft. 8^ in. Rail (steel), 6iy2 and 70 Ibs.
2. History. — Chartered July 5, 1900, as successor to the Toledo, St. Louis and Kansas
City RR. Co., whose property was sold under foreclosure on March 27, 1900. (See
MANUAL for 1900, page 312.)
3. Rolling Stock, June 30, 1902. — Locomotives, 82. Cars — passenger, 17; com-
bination, 5 ; baggage, mail, and express, 11 ; freight (box, 1,938 ; furniture, 76 ; flat, 293 ;
stock, 76; coal, 758), 3,141; service cars, 58— total cars, 3,232.
4. General Income Account, year ending June 30, 1902.
Earnings — Passenger $497,12407
Freight 1,978,187 28
Mail and Express 115,83838
Miscellaneous 49,73074
Total ($5,869.25 per mile) $2,640,88047
Expenses
-Maint. of Way and Struc... . $363,890 19
Maintenance of Equipment. 341,545 26
Conducting Transportation. 1.110.160 71
General Expenses 99,83682
Total ($4,249.72 per mile) $1,915,43298
432
POOR'S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
Net earnings, (27.47 p. c.), $725,447.49; other receipts, $9,643.27— total, 735,090.76.
Payments: Interest on funded debt, $575,000; taxes, $104,400— total, $679,400. Sur-
plus, $55,690.76; surplus forward, $82,555.90— total $138,246.66.
5. Statement of operations, property and general balances for two fiscal years
ending June 30:
1901
1902
1901
1902
Passenger Train Mileage
848,257
853,263
Mile* Road Owned and Operated ....
450.72
450.72
1 319 320
1 253 142
Miles Track Owned
557.88
557.88
|
|
2 167 577
2106405
Gross Earnings per Mile
5,525 75
5,859 25
625 032
655 192
Operating Expenses per Mile
3,993 50
4,249 72
23 373'063
24 gg4 514
l'600'66S
1 065 423
Net Earnings per Mile
1,532 25
1,609 53
Freight (ton) Miles
349 044 272
357885668
Expenses to Earnings
72.27 p.c.
72.53 p.c.
|
$
Aver Earn, per Pass, per Mile
1.82 c.
1.91 c.
445791
497 124
Aver Earn, per Ton per Mile
0.54 c.
0.55 c.
Freight
1,893,222
1,978,187
Other
151 553
165569
81
82
34
33
2490566
2640880
Freight Train Cars
3,141
3,141
Operating Expenses. . . . :
1,799,952
1,915,433
$
S
Capital Stock
20000000
20000000
Net Traffic Earnings
690614
725447
Funded Debt
isisooiooo
15,500,000
6342
9644
805,271
560,091
82556
138247
N t T
696956
735091
Total Liabilities
36,387,827
36,198,338
Payments — Taxes
104400
104400
Cost of Road and Property
35,552,972
35,569,997
510000
575*000
135,001
121,066
699854
507274
Totals
614 400
679 400
Surplus for Year
82556
55691
Total Assets
36,387,827
36,198,337
6. General Balance Sheet, June 30, 1902.
Cost of Road $35,493,71000
Improvement Account 21,152 19
Real Estate 55,13370
Materials and Supplies 121,06687
Current Accounts 259,37981
Cash on Hand 247,894 97
Total Assets .....$36,198,33754
Common Stock ($100 shares) $10,000,00000
Preferred Stock ($100 shares) 10,000,00000
Funded Debt Outstanding 15,500,000 00
Current Liabilities
Taxes Accrued
Interest Accrued . .
Renewal Funds . . .
Profit and Loss
422,420 97
65,775 26
65,000 00
6,894 65
138,246 66
Total Liabilities $36,198,337 54
7. Capital Stock. — The preferred stock entitles holders to non-cumulative dividends up to 4
p. c. per annum, payable out of the surplus earnings in each fiscal year before any dividend shall be
paid on the common stock. The common stock is entitled to all dividends in each fiscal year after
payment of 4 p. c. dividends in that year on preferred. All the preferred and common stock (except
fifty shares of common stock to qualify directors) is deposited in a voting trust for five years, the
following being the voting trustees : Frederic P. Olcott, Thomas H. Hubbard, and William A. Read.
Certificates for all of the 100,000 shares of preferred stock, and for 99,950 shares of common stock
issued In the names of the voting trustees, are deposited with the Central Trust Co., New York, N. Y..
endorsed in blank by the voting trustees. The voting trustees shall have power at any time during
the continuance of the agreement to sell the stock, subject to the approval of a majority, in amount,
of each class of the trust certificates outstanding. Such approval may be given at a meeting called
for that purpose, of which notice shall be given, or by the assent in writing of holders filed with the
Central Trust Co. The voting trustees possess all rights and powers of absolute owners of the stock,
including the unrestricted right to vote for every purpose, and to consent to any corporate act of the
company. The voting trustees will not, during the pendency of the agreement, vote to authorize any
additional mortgage upon the property embraced in the prior lien and 1st mortgage, nor to authorize
an increase in the preferred stock, except with the consent in each instance of the holders of a
majority in amount of the trust certificates for preferred stock, given at a meeting called by the
voting trustees for that purpose.
8. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $15,500,000, as per
general balance sheet — consisted of the following issues (additional particulars will be found in the
Ready Reference Bond List — see General Index) :
$9,OOO,OOO prior lien gold 3J« of July 1, 1925.
The total amount authorized is $10,000,000, and
$1,000,000 of the bonds are' reserved for use under
restrictions set forth in the mortgage, but no
part thereof shall be issued at any time previous
to Jan. 1, 1002, and then at the rate of not more
than $250,000 in any one year. The mortgage se-
curing the prior lien bonds covers as a prior lien
the entire property of the company whether now
owned or which shall be acquired hereafter by
use of any prior lien bonds.
96,5OO,OOO 1st gold 4s of April 1, 1950. Secured
by all the line of railway and other property of
the company which is covered by the prior lien
mortgage, but in all respects subject to. the lien
of that mortgage. The amount of the present
POOR S MANUAL OP RAILROADS.
433
issue of 1st mtge. bonds is $6,500,000, but the right
is reserved to issue not to exceed $10,000,000 ad-
ditional thereof or such lesser amount as may be
additional right to call in and redeem at par and
accrued interest all or any part of the 1st mtge.
bonds on or after July 1, 1925.
required to retire the prior lien bonds, with the
9. Directors} (elected Oct. 29, 1902).— William A. Read, F. P. Olcott, Henry
Budge, J. Kennedy Tod, C. H. Tweed, J. Crosby Brown, Thomas H. Hubbard, John J.
Emery, New York, N. Y. ; C. S. W. Packard, Philadelphia, Pa.; Benjamin Norton,
Toledo, 0.
WILLIAM A. READ, Chairman of the Board New York, N. Y.
BENJAMIN NORTON, President Toledo, O.
Fice-President — Henry Budge.. New York, N. Y. | Treas. 6 Sec. — J. H. Seaman New York, N. Y.
Gen. Auditor — W. F. Booth Toledo, O.
PBINCIPAL OFFICE AND ADDKESS Frankfort, Ind.
WABASH RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Directors and Officers 12
Earnings, Exp., etc., 1902 — 5
Earnings, Exp. .etc., 1896-1902. 10
Funded Debt, Details of 9
Gen. Bal. Sheet, June 30, 1902. 7
Gen. Bal. Sheet, 1896-1902... 10
History 2
Income Acct, June 30,1902 — 5
Leased Lines, Statements of.. 11
Leases, Terms of 3
Mileage Operated 1
Operations and Inc., 1896-1902. 10
Profit and Loss, June 30, 1902. 6
Rolling Stock 4
Trackage Contracts 3
1. Detailed statement of the mileage operated by the company on June 30, 1902.
LINES OWNED. OPERATED JOINTLY.
East of Mississippi River: Miles.
Toledo, O., to East Hannibal, 111 460.5
Bluffs to Camp Point, 111 39.4
East Hannibal to Quincy, III 0.9
Clayton to Elvaston, 111 34.5
Decatur to East St. Louis, 111 110.1
Edwardsville to Edwardsville Junction, 111. 1.7
Western Indiana Junction to Effingham, 111. 205.4
Shumway to Altamont, 111 9.5
Fairbury to Streator, 111 30.9
Delray, Mich., to Butler, Ind 109.8
Butler to New Haven, Ind 25.7
Maumee to Montpelier, 0 49.5
Montpelier, O., to Clarke Junction, Ind — 149.6
Attica to Covington, 111 14.8
Sidney to Champaign, 111 11.7
West of Mississippi River:
Tayon Ave., St. Louis, to Harlem, Mo 274.8
Carr St. to Ferguson, St. Louis 10.7
Centralia to Columbia, Mo 21.6
Moberly, Mo., to Ottumwa, la 131.5
Moulton to Albia, la 283
Albia to Des Moines, la 68.2
Pattonsburg, Mo., to Council Bluffs, la — 143.7
Salisbury to Glasgow, Mo 15.4
Excelsior Springs Jc. to Milwaukee Jc., Mo. 9.5
Total Owned 1,957.7
LEASED LINES.
Hannibal Bridge:
East Hannibal, 111., to Hannibal, Mo 3.0
Louisiana and Pike County RR. :
Pittsfleld Junction to Pittsfleld, 111 6;2
Brunswick and Chillicothe RR. :
Brunswick to Chillicothe, Mo 38.2
St. Louis, Council Bluffs and Omaha RR. :
Chillicothe to Pattonsburg, Mo 41.4
Total Leased . , 88.8
Chicago, Burlington and Quincy RR. :
Camp Point to Quincy, 111
East Hannibal to Quincy, 111
Toledo, Peoria and Western Ry. :
Elvaston to Hamilton, 111
Forrest to Fairbury, 111
Keokuk and Hamilton Bridge:
Hamilton, 111., to Keokuk, la
Terminal RR. of St. Louis :
East St. Louis, 111., to St. Louis, Mo
Chicago and Western Indiana RR. :
Chicago, 111., to State Line, Ind —
Chicago Terminal Transfer RR. :
State Line to Clarke Junction, Ind
Detroit Un. Dep. and Stat'n I Detroit to
Fort Street Union Depot j Delray, Mich.
Terminal RR. of St. Louis :
Union Station to 23d Street, St. Louis, Mo.
Baltimore and Ohio Southwestern RR. :
Shumway to Altamont, 111
Hannibal and St. Joseph RR. :
Harlem to Kansas City, Mo
Missouri Pacific Ry. :
Olive Street to Carr Street, St. Louis
Missouri, Kansas and Texas Ry. :
Moberly to Hannibal, Mo
Hannibal Bridge Track to Hannibal
(Union Depot)
Grand Trunk Ry. of Canada :
Detroit, Mich., to Black Rock, N. Y
Welland Jc., Ont, to Susp. Br., N. Y....
Erie RR. :
Suspension Bridge to Buffalo, N. Y
Black Rock to International June., N. Y.
Iowa Central Ry. :
Albia, la., to Albia Connection, la
Chicago, Milwaukee and St. Paul Ry. :
In Council Bluffs, la
The above does not include the following: 6.8 miles main track and 0.2 mile side
Irack, total 7.0 miles, " Owned " between Edwardsville Junction and Edwardsville Cross-
ing, which is leased to the Illinois Terminal RR. Co. ; 4.3 miles New York Central tracks
between Black Rock and Exchange Street Station, Buffalo, and 0.6 mile Lehigh Valley
434 POOR'S MANUAL OP RAILROADS — CENTRAL NORTHERN GROUP.
track at Wabash freight station, Louisiana Street, Buffalo, for the use of which the
Wabash pays a fixed sum per car.
la. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 1,957.7 miles) :
Alain Line East of Miss. River: Toledo, 0., to East Hannibal, 111 460.5 miles.
Main Line West of Miss. River: Tayon Ave., St. Louis, to Harlem, Mo 274.8 "
Other divisions and branches owned (details in Sec. la) 1,200.8
B. LEASED LINES (see detailed statement in Sec. la) 88.8 '
C. OPERATED UNDER JOINT TRACKAGE ARRANGEMENTS (details in Sec. la) . . 436.5 "
Total length of lines operated, June 30, 1902 2,483.0 miles.
Side and double tracks (owned, 673.4 m. ; leased, 20.3 m. ; operated, 246.2 m.), 939.9 miles.
Gauge, 4 ft. 8y2 in. Rail (steel), 60, 63, 70, and 80 Ibs.
2. History.— Consolidation July 29, 1889, of the Wabash Western Ry. Co. and the
Wabash Ry. Co., corporations organized to take over, respectively, the lines west and
those east of the Mississippi River formerly embraced in the Wabash, St. Louis and Pacific
System (see MANUAL for 1890, page 735).
Additional Mileage Acquired. — The Detroit-Chicago line was opened on May 4, 1893 ;
the Detroit-Buffalo line on June 14, 1897; and the St. Louis-Des Moines line on Nov.
26, 1899. The Kansas City, Excelsior Springs and Northern Ry., 9.5 miles, was pur-
chased as of April 1, 1901.
Omaha Division. — The Omaha and St. Louis RR., from Pattonsburg, Mo., to Council
Bluffs, la., 143.7 miles, was purchased at foreclosure sale on Oct. 12, 1901. It was
originally a division of the Wabash, St. Louis and Pacific, but upon the disintegration of
that system it was reorganized independently. Under the terms of purchase the Wabash
RR. Co. executed a mortgage to secure bonds for $3,500,000 to be issued upon the prop-
erty, $500,000 of which bonds are to be appropriated to equipment and betterments. The
line was taken over for operation on Nov. 1, 1901.
Toledo-Chicago Division. — The extension of the Detroit-Chicago Division from Mont-
pelier to Maumee, O., 49.5 miles, and the branch from Butler to New Haven, Ind., 25.7
miles, were completed in Jan. and Feb., 1902. The cost of these lines was met
by an issue of $3,000,000 Toledo and Chicago Division bonds described in Section 9. The
Butler-New Haven Branch was built under the charter of the Fort Wayne and Detroit
RR. Co. to replace the Eel River RR., the lease of which expired on Dec. 31, 1901.
Peru and Detroit Ry. — In consequence of the lease of the Eel River RR. being an-
nulled, the operation of the Peru and Detroit Ry., a connecting link between the Eel River
RR. and the main line of the Wabash RR., was also discontinued on Dec. 31, 1901
( see statement for Peru and Detroit Ry. in Section 11).
Purchase of Boone County and Boonville RR. — The Columbia and St. Louis RR. Co.,
organized Jan. 3, 1902, acquired title to the Boone County and Boonville RR. on
May 1, 1902, and on May 9, 1902, deeded the property to the Wabash RR. Co. The
Columbia and St. Louis RR. Co. executed a mortgage upon the property to secure
$300,000 of 4 per cent, bonds, and this mortgage has been assumed by the Wabash RR.
Co. The entire capital stock of the Boone County and Boonville RR. Co. was taken up
with $100,000 of the bonds; $100,000 additional of them were reserved to retire an equal
amount of Boone County and Boonville RR. bonds which matured May 1, 1903, and the re-
maining $100,000 will be issued as needed for improvements to the property.
3. Terms of Leases and of Trackage Contracts.— The Hannibal Bridge is
leased for a term of years expiring on Jan. 1, 1982 (see MANUAL for 1899, page 358).
The terms of the other leases are outlined in the appended statements for the several
leased lines. The tracks of the Missouri, Kansas and Texas Ry. from Moberly to Hanni-
bal, Mo., are used under a joint operating agreement to endure until Jan. 1, 1919. The
railway line and ferries of the Grand Trunk Ry. of Canada, from Detroit, Mich., to
Black Rock Station, N. Y., and the railway line from Welland Junction, Ont., to Sus-
pension Bridge, N, Y., are used under a joint operating agreement to endure until Jan.
POOR S MANUA]
-WABASH RR. CO.
435
24, 1919. The rental under the agreement with the Grand Trunk Ry. Co. of Canada
is to be $275,000 a year for the five years ending March 1, 1903, $300,000 a year for tho
five years ending March 1, 1908, $325,000 a year for the five years ending March 1, 1913,
and $350,000 a year for the remaining term of the lease, the company being also required
to pay its proportionate share of the cost of maintenance and operation. The terms of
the other operating agreements are not reported.
4. Rolling Stock, June 30, 1902. — Locomotives, 490. Cars — passenger, 147; combi-
nation, 51; dining, 8; chair, 55; parlor, 6; caf6, 6; baggage, mail and express, 114;
freight (box 10,088; stock, 463; coal, flat, and rack, 5,470; furniture, 295; fruit, 147;
refrigerator, 100), 16,563; service, 641 — total, 17,591.
5. General Income Account, year ending June 30, 1902.
Expenses — Conducting Transportation $5.249,038 26
Earnings — Passenger $5,780,240 62
Freight 11,763,541 41
Mail 691,10063
Express 416,47462
Miscellaneous 402,13589
Total ($7,815.21 per mile) $19,053,493 17
Motive Power 4,294,888 83
Maintenance of Way 2,740,901 32
Maintenance of Cars 1,244,08656
General Expenses 318,520 92
Total ($5,679.83 per mile) $13,847,435
Net earnings (27.32 p. c.), $5,206,057.29; joint track rentals, $100,867.57; other re-
ceipts, $317,288.15 — total, $5,624,213.01. Deductions: Taxes, $627,930.12; joint track
rentals, $805,325.92; rentals of leased lines, $102,766.87; additions to property, $583,-
499.60; sinking funds, $127,208.14; other deductions, $104,032.32; interest on bonds,
$2,861,990; dividends on preferred debenture bonds, $210,000 — total, $5,422,752.97. Sur-
plus, $201,460.04.
6. Profit and LOSS Account, year ending June 30, 1902. — Credits: Surplus in-
come for year, $201,460.04; surplus to June 30, 1901, $403,000.86; C. & W. I. sinking
fund payments, $60,385.37; rent of property in Chicago, account Purchasing Committee,
$1,382.80; insurance collected, $20,119.44; received from Purchasing Committee on ac-
count of assessments, etc., on bonds exchanged by Railway Share Trust and Agency Co.,
London, $2,726.79; interest allowed by Central Trust Co. on prior lien bond account, less
expenses, etc., $3,689.26 — total, $692,764.56. Debits: Wabash proportion of legal ex-
penses and court costs. Eel River RR., $12,152.92; Des Moines Division — balance, Dec.
31, 1901, construction account, $33,988.60; sundry charges, $4,202.25; balance to credit,
June 30, 1902, $642,420.79— total, $692,764.56.
7. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $144,009,500 00
Investments in Stock and Bonds 1,377,53023
Materials and Supplies 1,259,86013
Advances to Fast Freight Lines 42,961 20
Miscellaneous Assets 476,853 26
Cash on Hand 1,128,74087
Sundry Railroads and Individuals.. 749,05204
Due from Agents 234,437 67
U. S. Post Office Department 179,296 45
Pacific Express Company 62,884 15
Total Assets $149,521,11600
Common Stock ($100 shares) $28,000,00000
Preferred Stock ($100 shares) 24,000,000 00
Funded Debt Outstanding 92,110,000 00
Accounts Payable 2,897,385 70
Unpaid and Accrued Interest 894,05274
Dividends Deb. Bonds, Ser. "A" Due. 105,000 00
Taxes Accrued, not Payable 387,10879
Hospital Account 4,60115
Notes Payable 76,00000
Equipment Notes 292,29040
Miscellaneous Liabilities 113,256 43
Profit and Loss 642,42079
Total Liabilities . . , $149,521,116 00
8. Capital Stock. — The preferred stock has prior right to dividends up to the rate of 7 p. c.
per annum, non-cumulative, and is entitled to share pro rata with common stock In dividends in
excess of 7 p. c. on both classes.
9. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $92,110,000, as per
general balance sheet — consisted of the several issues of bonds, listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto subjoined
to the statement ; and the details of funded debt outstanding on or about Aug. 1, 1903, will be found
In the Ready Reference Bond List — see General Index :
$1,000,000 St. Charles Br. 1st gd. 6s of Oct. 1, 1908.
388,600 St. Charles Bridge 2d 7s of Oct. 1, 1903.
31,664,000 1st gold 5s of May 1, 1939.
14,000,000 2d gold 5s of Feb. 1, 1939.
30,000,000 Debenture 6s of July 1, 1939.
3,376,000 Chica. Ext. s.f. 1st gold 5s of July 1, 1941.
3,000,000 Tol.& Chi. Div. 1st gold 4s of Mar. 1,1941.
3,000,000 Omaha Div. 1st gold 3is of Oct. 1, 1941.
$1,600,000 Des Moines Div. 1st gold 4s of Jan.l, 1939.
2,900,000 Equip, s.f. 1st lien gold 5s of Mar. 1, 1921.
100,000 K. C..E.S. & N. RR. 1st 4s of Jan. 1, 1928.
100,000 C. & St. L. RR. 1st gold 4s of May 1, 1942.
577,000 St. L..C.B. & O. RR. 1st 6s of July 1. 1908.
100,000 B. Co. & B. RR. 1st 7s of May 1, 1903.
304,500 B. & C. RR. 1st 8s of Aug. 1, 1903.
436 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Reduction of Funded Debt. — In June, 1903, the amount of funded debt outstanding was $91,-
849,000, a decrease of $261,000 since the date of the preceding statement. There had been Issued
$834 000 1st gold 5s of May 1, 1939, and the following, aggregating $1,095,000, had been retired :
$522,000 St. Charles Bridge 1st mtge. bonds, $149,500 St. Charles Bridge 2d mtge. bonds, $27,000
Chicago Extension bonds, $100,000 equipment 1st lien bonds, $156,000 St. Louis, Council Bluffs and
Omaha RR. bonds, $100,000 Boone County and Booneville RR. bonds and $40,500 Brunswick and
Chillicothe RR. bonds.
St. Charles Bridge Bonds. — Secured In the order of their priority on the bridge over the Missouri
River at St Charles, Mo.
First Mortgage Gold Bonds. — Secured by first mortgage on 1,008.6 miles of railroad east of the
Mississippi River (Toledo to East Hannibal, 460.5 m. ; Bluffs to Camp Point, 39.4 m. ; Clayton to
Elvaston, 34.5 m. ; Decatur to East St. Louis, 110.1 m. ; C. & W. I. Junction to Efflngham, 205.4 m. :
Shumway to Altamont, 9.5 m. ; Fairbury Junction to Streator, 30.9 m. ; Edwardsville to Edwards-
ville Crossing, 8.5 m. ; Delray to Butler, 109.8 ra.) and also secured on 533.6 miles of railroad west
of the Missouri River (Tayon Ave., St. Louis, to Harlem, 274.8 m. ; Carr St., St. Louis, to Ferguson,
10.7 m. ; Moberly to Ottumwa, 131.5 m. ; Salisbury to Glasgow, 15.4 m. ; Brunswick to Pattons-
burg, 79.6 m. ; Centralia to Columbia, 21.6 m.), but subject, as to these lines west of the Missouri
River, to the liens of the two St. Charles Bridge mortgages and of the mortgages securing the bonds
of the Brunswick and Chillicothe RR. Co., St. Louis, Council Bluffs and Omaha RR. Co. and Columbia
and St. Louis RR. Co. Also secured on the leasehold interests of the company in the terminals at
Detroit, Chicago, Hannibal, Quincy and Kansas City, and in the bridges at Hannibal, St. Louis and
Kansas City. Bonds to a sufficient amount are reserved to retire at maturity, or whenever exchanges
can be made upon the terms which may be prescribed by the Board of Directors, the mortgages on
the property west of the Missouri River that were executed prior to 1889.
Second Mortgage Gold Bonds. — Secured on the same lines (1,008.6 miles) east of the Mississippi
River as are covered by the first mortgage, together with the leasehold Interest In the terminals at
Detroit, Chicago, Hannibal, and Quincy and in the bridge at Hannibal.
Debenture Mortgage Bonds. — Secured by a Hen subsequent to that of the 1st mtge. bonds on the
property west of the Mississippi River, and subsequent to that of the 2d mtge. bonds on the property
east of the Mississippi River, acquired in the reorganization of 1889, but not secured on any prop-
erty acquired since the reorganization. The bonds are in two classes — Series A (for $3,500,000)
having preference for interest only over Series B (for $26,500,000), interest on either issue, how-
ever, being payable only if earned and non-cumulative. Any bonds of Series B not presented for
redemption on the date of their maturity will draw interest until the principal is paid on demand.
The bonds may be voted at stockholders' meeting at the rate of one vote to every $100 of bonds.
Detroit and Chicago Extension Gold Bonds. — Secured by first mortgage on the Chicago Exten-
sion, from Montpelier, O., to Clarke Junction, Ind., 149.6 miles, and the interest on them is charged
on that extension. There is provision for a sinking fund of up to 2 p. c. per annum out of the net
earnings of the line (accounts will be kept separate) for redemption of the bonds at 110.
Toledo and Chicago Division Gold Bonds. — Secured by first mortgage on the line from Montpelier
to Maumee, O., 49.5 miles, on the branch from Butler to New Haven, Ind., 25.7 miles, and on rolling
stock purchased with the proceeds of $1,000,000 of the bonds, and by second mortgage on the Detroit
and Chicago Extension, 149.6 miles.
Omaha Division Gold Bonds. — Secured by first mortgage on the line from Pattonsburg, Mo., to
Council Bluffs, la., 143.7 miles. The authorized issue is $3,500,000, the $500,000 of unissued bonds
being reserved for the acquisition of additional terminal property and equipment, and for the better-
ment of the property covered by the mortgage.
Des Moines Division Gold Bonds. — In addition to being a first lien on the line from Moulton to
Des Moines these bonds are further secured by the deposit with the trustee of 20,000 shares of the
capital stock of the Des Moines and St. Louis RR. Co. and of the Moulton, Albia and Des Moines RR.
Co., the owners of the line mentioned ; also by deposit of $50,000 of the capital stock of the Des
Moines Union Ry. Co. and the contracts respecting the Wabash RR. Co.'s rights in the use of the
terminal facilities of that company in Des Moines. The mortgage will be a first lien upon the road
between Hannibal and Quincy, known as the Hannibal and Quincy RR., if this line be built with the
proceeds of the bonds reserved for that purpose, it being provided in the mortgage that in case the
Wabash RR. Co. should not construct the said line of railroad from East Hannibal to Quincy, but in
lieu thereof should arrange for use of the line of road now owned by the C., B. & Q. RR. between said
points, by lease for a period of ten years or more, then and in that case the amount, namely, $200,-
000, held in reserve by the trustee, shall be cancelled and destroyed and the amount of the Des
Moines Division mortgage be limited to $1,600,000.
Equipment Sinking Fund First Lien Gold Bonds. — Secured on 40 locomotives, 48 passenger and
combination cars, 3,000 box cars, and 500 coal cars. An agreement between the company and the
trustee requires that $100,000 of the bonds shall be redeemed each March 1 from 1903 to 1906,
$150,000 each year from March 1, 1907, to 1916, and $200,000 each year from March 1, 1917, to
1921. Under the sinking fund provision of the agreement the company has the right to deliver the
required amount of bonds annually to the trustee for cancellation, or to pay to the trustee a sufficient
amount in cash to take up the required number of bonds at 108 p. c. and accrued interest. In the
latter event if the trustee cannot buy the required amount of bonds at 105 p. c. and interest or less,
the company has the right to elect whether the amount of the sinking fund so paid to the trustee
shall be used in the purchase of new equipment (to be covered by the agreement), or used in draw-
ing the required number of bonds by lot at 108 p. c. and interest.
Kansas City, Excelsior Springs and Northern RR. Gold Bonds. — Secured by first mortgage on
the branch from Excelsior Springs Junction to Milwaukee Junction, Mo., 9.5 miles. Assumed by the
Wabash RR. Co. on purchasing that line.
Columbia and St. Louis RR. Gold Bonds. — Secured on the line from Centralia to Columbia, Mo..
21.6 miles. The authorized issue is $300,000, of which $100,000 were issued in May, 1902, to take
up the capital stock of the Boone County and Booneville RR. Co., and $100,000 in May, 1903, to
take up the $100,000 1st mtge. bonds of the same company; the remaining $100,000 are reserved
for improvements and additional equipment.
St. Louis, Council Bluffs and Omaha RR. Bonds. — Secured by first mortgage on the road from
Chillicothe to Pattonsburg, Mo., 41.4 miles. The bonds are included in the funded debt of the
Wabash RR. Co., per general balance sheet, and the interest on them is guaranteed under the lease.
Boone County and Booneville RR. Bonds. — The bonds were retired at maturity.
Brunswick and Chillicothe RR. Bonds. — Secured by first mortgage on the road from Brunswick
to Chillicothe, Mo., 38.2 miles. The bonds are included in the funded debt of the Wabasb RR. Co.,
per general balance sheet, and the interest on them is guaranteed under the lease.
POOR'S MANUAL — WABASH RR. CO. 437
1O. Statement of operations, property and capital account for seven fiscal years:
1896
1897
1898
1899
1900
1901
1902
Miles RR Operated
19362
1,936.2
2,061.3
2,277 7
23395
2 3603
24380
Passenger Train Miles.
Freight Train Miles
5,019,857
6,313,782
4,823,090
5,402,191
5,499,994
6,306,504
6,270,751
7,101,324
6,644,720
7,075,158
7,237,313
6,981,266
7,691,050
6.841,121
Total Rev. Tr. Miles
Passengers Carried
11,333,639
3,542,042
10,225,281
3,149,170
11,806,498
3,517,682
13,372,075
3,751,019
13,719,878
4,277,735
14,218,579
4,943,016
14,532,171
5 109,302
Passenger Mileage
158,966,979
135,963,860
180,359,167
210,592,939
233,848,065
264,268,214
322,708,490
Freight (tons) Moved
Freight (ton) Miles
6,100,710
1 218,785,357
5,954,760
1,149,989,024
6,382,831
1,365,693,174
6,987,641
1,666,830,054
8,080,220
1 902 881,278
8,354,949
1,978 952 453
8,578,603
1 947 404 142
$
3 239,977
S
2,837,973
3,528,746
$
3 995 102
$
4 474 652
1
4 982 694
$
5 780 241
8,480,552
7,604,770
8,524,733
9 212,692
10 616 340
11 158966
11 763 541
Other Earnings
1,086,614
1,084,044
1,154,383
1,186,180
1,349,998
1,412,805
1,509,711
Total Earnings
12,807,143
11,526,787
13,207,862
14 393 974
16440990
17554465
19 053,493
9,242,605
7,979,159
9,304,779
10 411 474
11 947 417
12 752 045
13 847,436
Net Earnings
3564538
3 547,628
3 903,083
3982500
4 493 573
4802420
5,206,057
Other Receipts
213,417
195,347
292,065
249.811
339,522
343,836
418.156
Net Income
3,777,955
3,742,975
4,195,148
4,232,311
4,833,095
5,146,256
5,624,213
Payments — Taxes.
519,678
529,970
499,486
567,163
567,327
586,199
627,930
Track Rents. . ..
Lease Rentals . .
428.913
149,210
2587335
417,169
149,210
2545335
527,756
149,210
2545335
770,276
149,210
2542285
797,678
126,335
2 799 471
796,096
143,792
2 826 779
805,326
102,767
3,071,990
Other Charges .
Balance, Surplus
61,019
31800
72,958
28332
71,865
401,496
55,441
147936
332,185
210099
700,254
93 136
814,740
201,460
Gross Earnings per Mile
Gross Expenses per Mile. . . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass. p. Mile . . .
Av. Rate p. Ton p. Mile ....
Miles Road Owned
6,614 58
4,773 58
1,841 00
72.17p.c.
2.038 c.
0.696 c.
1,601.7
5,953 30
4,121 04
1,832 26
69.22 p.c.
2.087 c.
0.661 c.
1,594.0
6,407 54
4,514 03
1.893 51
70.45 p.c.
1.957 c.
0.624 c.
1,593.8
6,319 52
4,571 05
1,748 47
72.33 p.c.
1.897 c.
0.553 c.
1,593.8
7,027 57
5,106 83
1,920 74
72.67 p.c.
1.913 c.
0.558 c.
1,706.8
7,437 39
5,402 72
2,034 67
72.64 p.c.
1.885 c.
0.564 c.
1,717.2
7.815 21
5,679 83
2,135 38
72.68 p.c.
1.791 c.
0.604 :.
1,964.5
Miles Track Owned*
2,154.8
2,162.5
A 2,156.4
2,152.2
2,285.4
2,329.4
2,637.9
409
401
412
405
437
434
490
Passenger, etc., Cars . .
Freight Cars
320
11910
317
11941
319
11,866
332
13087
339
12652
349
15565
387
16.563
Service Cars
517
512
501
501
523
528
641
Capital Stock. . . .
$
52000000
$
52000000
$
52000000
S
52000000
$
52000000
S
52000000
I
52,000,000
Funded Debt . .
81 534000
81 534 000
81,534,000
83 073 000
83045000
85081000
92,110,000
Floating Debt
429337
977820
845,303
880473
649451
645 871
367,290
Other Liabilities
2,955 605
2598,102
3,120,431
3157202
3263687
3,927,617
4,401,405
Profit and Loss
222,481
377,842
403,001
642,421
Total Liabilities
136,918,942
137,109,922
137,499,734
139,333,156
139,335 980
142,057,489
149,521,116
Cost of Property
133,433 500
133,433,500
133,433,500
135,033,500
134,944 500
136,980,500
144,009,800
Materials and Supplies
578,954
304922
483,157
• 699907
598,247
784632
709,518
822093
891,219
875 915
816,931
1 282331
1,259,860
1,377,530
Cash and Other Assets
Profit and Loss
1,617,920
983646
1,553,288
940070
2,166,165
517,190
2,768,045
2,624,346
2,977,727
2.874,226
Total Assets
136,918,942
137,109,922
137,499,734
139,333,156
139,335 980
142,057,489
149,521,116
•Practically all steel.
11. RAILBOADS OWNED OR LEASED BY THE WABASH RR. Co.
BRUNSWICK AND CHILLICOTHE RR.
— Brunswick to Chlllicothe, Mo.t 38.2 m. ; total
track, 41.2 miles.
HISTORY. — Completed In 1872. Leased for In-
terest on bonds ; lease expires Aug. 1, 2877.
FINANCIAL STATEMENT. — Capital stock,
$434,000; bonds (1st 8s of Aug. 1, 1903), $304,500.
Interest payable at the Bank of Mutual Redemp-
tion, Boston, Mass.
CORPORATE OFFICERS. — J. Ramsey, Jr.,
Pres., St. Louis, Mo. ; E. P. Burnham, Sec., Saco,
Me. ; F. L. O'Leary, Treas., St. Louis, Mo. Of-
fice, St. Louis, Mo.
LOUISIANA AND PIKE COUNTY RR
Plttsfleld June, to Pittsfleld, 111., 6.2 m. ; total
track, 7.3 miles. Owned by Pike County, 111.
Leased to the Wabash RR. Co., Dec. 21, 1889 :
rental, $800 per annum.
PERU AND DETROIT RY Chill to Peru.
Ind., 9.5 m. ; total track, 10.0 miles.
HISTORY. — Leased to the Wabash RR. Co. for
999 years from Dec. 1, 1890, but operation sus-
pended on Dec. 31, 1901 (see Sec. 2).
FINANCIAL STATEMENT.— Capital stock,
$l,9oo; funded debt (1st 6s of Feb. 1, 1929), $90,-
000 — total, $91,900. Cost of road. $120,877. Stock
and bonds are all held by the lessee.
CORPORATE OFFICERS. — C. L. Brownell,
Pres. ; L. B. Tutwller, Sec. Office, Peru, Ind.
438
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
ST. LOUIS, COUNCIL BLUFFS AND
OMAHA RR — Chillicothe, Mo., to Pattonsburg.
Mo., 41.4 m. ; total track, 44.9 miles.
HISTORY. — Organized Oct. 7, 1870; opened in
1871. Leased to the Wabash RR. Co. for 999 years
from July 1, 1878, for interest on $677,000 lat 6s of
July 1, 1908.
CORPORATE OFFICERS. — James F. How.
Pres. ; H. A. Lloyd, Sec. ; F. L. O'Leary, Treas.,
St. Louis, Mo.
12. Board of Directors, Wabash RR. Co., elected October 14, 1902.
0. D. ASHLEY, Chairman Board of Directors New York, N.Y.
O. D. Ashley... New York, N.Y. T. H. Hubbard..New York.N.Y. Russell Sage.... New York, N.Y.
Jos. Ramsey, Jr.. .St. Louis, Mo. James H. Hyde. " " H'y K. McIIarg.
Edgar T.Welles..New York.N.Y. John T. Terry.. " " Edwin Gould
C. J. Lawrence.. W. S. Pierce — Geo. J. Gould...
S. C. Reynolds Toledo, O.
JOSEPH RAMSEY, JB., President St. Louis, Mo.
Edgar T. Welles, 1st V 'ice-President New York, N. Y.
Milton Knight, 2d V ice-President St. Louis, Mo.
Wells H. Blodgett, 3d Vice-President New York, N. Y.
A. C. Bird, 4th Vice-President Chicago, 111.
Secretary — J. C. Otteson New York, N. Y. I Asst. Secretary — E. B. Pryor St. Louis, Mo.
Treasurer — F. L. O'Leary St. Louis, Mo. | Auditor — D. B. Howard
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
New York Office. . . , 195 Broadway, Manhattan.
WHEELING AND LAKE ERIE EAILROAD COM? ANT.
INDEX TO THIS STATEMENT — REFEEENCES TO NUMBERS OF SECTIONS.
Capital Stock 6 Funded Debt, Details of..7 & 7a Income Acct, 1901-1902 10
Directors and Officers 11 Gen. Bal. Sheet, June 30, 1902. 5 Mileage Operated 1
Earnings, Exp., etc., 1902.... 4 Gen. Bal. Sheet, 1901 and 1902. 10 Operations, Traffic Statistics. 4
Earnings, Exp., etc.,1901-1902. 10 History 2 Rolling Stock 3 & 3a
Equipment Trusts 9 Income Acct, June 30, 1902. . 4 Toledo Dock & Coal Co 8
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (461.34 miles).
Toledo Division : Toledo to ^Etnaville, 0 218.50 miles.
Cleveland Division: Cleveland to Zanesville, 0 143.88
Huron Branch : Huron Junction to Huron, 0 12.89
Steubenville Branch: Warrenton to Steubenville, 0 13.64
Toledo Belt Ry.: Toledo, 0 4.13
Sherrodsville Branch: Canton to Sherrodsville, 0 45.09
Waynesburgh Branch: Canton to Indian Run Mines, 0 8.39
Fuller Mine Branch : Sherrodsville, 0 2.45
Cleveland Belt Ry.: Cleveland, 0 5.71
Massillon RR. : Navarre to Warwick Mines, 0 6.09
Canton and Wooster RR.: Justus, O., to C. L. & W. Crossing 0.57
T» rr TTM J Chagrin Falls Branch: Falls June, to Chagrin Falls, O. 8.18
J : I Zanesville Belt and Terminal Ry 3.76
Total length of lines operated, June 30, 1902 473.28 miles.
Average revenue mileage operated, year ending June 30, 1902 442.18 "
2d track (Toledo Belt), 3.86 m.; sidings, 206.69 miles. Gauge, 4 ft. 8% in. Rail (steel),
56, 60, and 70 Ibs.
2. History. — Reorganization, April 28, 1899, of the Wheeling and Lake Erie Ry.
Co. (see MANUAL for 1899, page 361). The company took possession of the Wheeling
and Lake Erie lines, including the Toledo Belt Ry., an aggregate of 248.5 miles, on
May 1, 1899. The divisions of the Cleveland, Canton and Southern RR. that were sold
under foreclosure on February 4, 1899 (being the main line from Cleveland to Coshocton,
O., 116 miles, and the Sherrodsville and Waynesburgh Branches), together with the
Cleveland Belt and Terminal Ry., were purchased and absorbed on Aug. 15, 1899;
the Coshocton and Southern RR. (from Coshocton to Zanesville, O.), and the Zanesville
terminals of the Cleveland, Canton and Southern RR., were acquired on July 1, 1900.
The company also acquired the ownership of the Canton and Wooster RR. and of the
POOR'S MANUAL WHEELING AND LAKE ERIE RR. CO.
439
Alasaillon RR. On Jan. 1, 1902, the company commenced to operate the Zanesville
Belt and Terminal Ry. at Zanesville, and on the same date took over the property
of the Huron Dock Co. at Huron, which had been purchased for $50,367.83. The so-called
Chagrin Falls Branch is the Cleveland, Chagrin Falls and Northern RR., sold under fore-
closure Dec. 31, 1901. This company operates it under temporary agreement with the
purchaser.
3. Rolling Stock, June 30, 1902. — Locomotives, 119. Cars — passenger, 29; combina-
tion, 9; parlor, 3; cafe, 2; baggage, mail, and express, 11; milk, 3; freight (box, 1,136;
flat, 422; refrigerator, 8; stock, 10; coal, gondola, 7,597; coal, dump, 139), 9,312; service,
165— total, 9,534.
3a. Rolling Stock, June 1, 1903. — Locomotives, 146. Cars — passenger, 28; com-
bination, 8; parlor, 5; baggage, mail and express, 1 1 ; milk, 3; freight (box, 1,599; flat,
466; stock, 10; coal gondola, 7,982 ; coal dump, 188), 10,245; service, 212— total, 10,512.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 795,182;
freight, 1,352,920 — total, 2,148,102 miles. Passengers carried, 853,683; carried one mile,
23,735,276; average mile rate, 1.88 cents. Tons freight moved, 5,258,274; moved one mile,
582,258,711; average ton-mile rate, 0.50 cent.
Expenses— Maint. of Way and Struc... $522,972 86
Maintenance of Equipment.. 633,519 97
Conducting Transportation.. 1,432,708 08
General Expenses 104,601 91
Total ($5,865.94 per mile) $2,593,80281
Earnings — Passenger $446,303 99
Freight 2,927,873 96
Mail and Express 61,28944
Miscellaneous 101,55531
Total ($7,999.06 per mile) $3,637,02269
Net earnings (26.67 p. c.), $943,219.88. Payments: Interest on funded debt, $572,-
296.13; taxes, $129,562.02; rentals, $103,293.04; interest, discount, and exchange, $60,-
044.94; contribution toward payment of P., W. & L. E. Coal Co. interest, based on ton-
nage, $5,900.69— total, $871,096.82. Surplus, $72,123.06; surplus forward, $353,503.70—
total, $425,626.76.
5. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $49,671,639 67
Stocks and Bonds Owned 462,321 00
Materials and Supplies 221,36712
Cost of New Equip, in Suspense
(Contra) 1,969,29722
Additions to Property and Improve's. 635,476 62
Construction Advances 375,993 90
Consol. 1st Mortgage 4s in Treasury. 266,000 00
Current Accounts 450,926 38
Cash on Hand 859,418 35
Miscellaneous Assets 7,72565
Total Assets $54,920,16681
Common Stock ($100 shares) $20,000,00000
1st Preferred Stock ($100 shares) 4,986,900 00
2d Preferred Stock ($100 shares) 11,993,600 00
Funded Debt 14,133,000 00
Equip. Trust Obligations (Contra)... 1,969,29722
Bills Payable 450,62410
Current Liabilities 689,78388
Interest Accrued, not Due 184,796 9(
Taxes Accrued, not Due 67,11303
Suspense Accounts Unadjusted 19,6239
Profit and Loss 425,626 76
Total Liabilities ., $54,920,16681
6. Capital Stock. — Capital stock authorized — common, $20,000,000 ; 1st preferred non-
cumulative 4 p. c., $5,000,000 ; 2d preferred non-cumulative 4 p. c., $12,000,000.
7. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $14,133,000, as per
general balance sheet — consisted of the following issues (additional particulars will be found in the
Ready Reference Bond List — see General Index) :
92,OOO,OOO Lake Erie Division 1st gold 5s of
Oct. 1, 1926. Secured by first mortgage on the
line from Bowerston to Toledo, 173.40 m., and on
the branch to Huron, 12.54 miles.
^894,000 Wheeling Division 1st gold 5s of
July 1, 1928. Secured by first mortgage on the
extension from Bowerston to Martin's Ferry,
43.61 miles, and by second mortgage on the
Lake Erie Division, 185.94 miles.
93O8,OOO Extension and Improvement 1st gold
6s of Feb. 1, 1930. Secured by first mortgage on
the Steubenville and Bellaire extensions, as well
as by general mortgage on the rest of the com-
pany's property, and additionally secured by
deposit with the trustee of the mortgage of stocks
of auxiliary companies, as follows : Wheeling,
Lake Erie and Pittsburgh Coal Co., $670,000;
Toledo Dock and Coal Co., $50,000; Toledo Belt
Ry. Co., $300,000.
941,000 Toledo Belt 1st gold 6s maturing in
various amounts on various dates to March 1,
1903. Secured on the Toledo Belt Ry. property.
91O,83O,OOO (including $266,000 in treasury)
1st consol. gold 4s of Sept. 1, 1949. Secured on
the entire property of the company, subject only
to the liens of the four issues of underlying
bonds described before. The authorized issue is
$15,000,000, of which a sufficient amount is re-
served for the retirement of prior liens, and
$2,000,000 to provide for future extensions and
the acquisition of additional dock and terminal
properties.
7a. Funded Debt, June 1, 1903, amounted to $14,621,000, consisting of $2,000,000 Lake
Erie Division bonds, $894,000 Wheeling Division bonds, $409,000 extension and improvement bonds,
$1,000 Toledo Belt bonds and $11,318,000 1st consols. As compared with June 30, 1902, this shows
an increase of $41,000 extension and improvement bonds and $488,000 1st consols and a decrease of
$40,000 Toledo Belt bonds.
440
POOR'S MANUAL OP RAILROADS — CENTRAL NORTHERN GROUP.
8. Toledo Dock A Coal Co — $50,000 1st mtge. 5 p. c. bonds, dated May 31, 1888, due Aug.
1. 1908, interest Feb. and Aug. The property is leased to the Wheeling and Lake Erie RR. Co..
which guarantees the interest on the bonds.
9. Equipment Trust*. — Tim equipment trust obligations outstanding June 30, 1902, con-
sisted of $1,198,000 of 5 p. c. 20-yr. trust bonds, dated Jan. 1, 1902, and redeemable by annual pay-
ments, and $771,297.22 of obligations maturing during the next nine years, some of them being pay-
able monthly, some quarterly and some annually. Between June 30, 1902, and June 1, 1903, the
amount of the 5 p. c. 20-yr. trust bonds outstanding was increased to $1,956,000 and the amount of
the other obligations was reduced to $625,305.56. The obligations to mature during the remainder
of the year 1903 amounted to $131,312.51.
1O. Statement of operations, income and general balances, for two years ending
June 30:
1901
1902
1901
1902
Average Mileage Operated . . .
442.30
860,598
1,097,543
777,282
20,177,996
4,581,553
455,359,735
$
403,086 72
2,408,270 91
142,747 39
442.18
795,182
1,352,920
853,683
23,735,276
5,571,734
582.258,711
446,303 99
2,927 873 95
162,844 75
Net Earnings
i
877,591 03
44,057 61
1
943,219 88
Other Receipt*
Net Income
921,648 64
537,350 82
96,751 13
140,596 50
943,219 88
572,296 13
129,562 02
169,238 67
Passenger Mileage
Payments. — Int. on Bonds . . .
Taxes
Freight (ton) Miles
Other
Total
774,698 45
146,950 19
35,703,700 00
13,533,000 00
2,243,328 97
353,503 70
871,096 82
72,123 06
36,980,400 00
14,133,000 00
3,381,139 05
425,626 76
Freight
Surplus
Other
Capital Stock
Total
Funded Debt
2,954,105 02
2,076,513 99
3,537,022 69
2,593,802 81
Other Liabilities
Operating Expenses.
Profit and Loss
Net Earnings.
Total Liabilities
877,591 03
6,678 96
4,694 80
1,984 16
70.29 p.c.
2.00 c.
0.57 c.
943,219 88
. 7,999 05
5,865 94
2.133 11
73.33 p.c.
1.88 c.
0.50 c.
51.833,532 67
48,213,039 95
462,721 00
241,315 25
2,916,456 47
54,920,165 81
49,671,639 67
462,321 00
221,367 12
4,564,838 02
Gross Earnings per Mile
Gross Expenses per Mile. . . .
Net Earnings per Mile
Cost of Road and Equipment .
Stocks and Bonds Owned
Materials and Supplies
Expenses to Earnings
Aver. Rate per Pass. p. Mile .
Aver. Rate per Ton per Mile
Other Assets
Total Assets
51,833,532 67
54,920,165 81
11. Board of Directors, W. & L. E. RR. Co., elected May 6, 1903.
MYRON T. HERRICK, Chairman of the Board Cleveland, O.
To serve for two years.
Edwin Gould . ..New York, N. Y
W. S. Pierce — "
Alvin W. Krech.
Jos. Ramsey, Jr... St. Louis, Mo.
H. P. Mclntosh. . . Cleveland, O.
JOSEPH RAMSEY, JR., President St. Louis, Mo.
Alvin W. Krech, Vice-President New York, N. Y.
Treasurer — H. B. Henson New York, N. Y. | Sec. & Aud. — J. H. Dowland Cleveland, O.
Gen. tl.gr. — Robt. Blickensderfer Cleveland, O.
PRINCIPAL OFFICE AND ADDRESS Electric Building, Cleveland, O.
New York Office 195 Broadway.
To serve for one year.
Geo. J. Gould.. . New York, N. Y.
W. G. Mather Cleveland, O.
D. R.' Hanna "
E. W. Oglebay
C. M. Spitzer Toledo, O.
To serve for three years.
C. J. Lawrence. . New York.N.Y.
W. E. Connor.. .
Myron T. Herrick.. Cleveland, O.
Geo. A. Garretson.
R. Blickensderfer., "
WISCONSIN CENTRAL RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Directors and Officers 14
Earnings, Expenses, etc 6
Equipment Trust 11
Funded Debt, Details of 9
Gen. Bal. Sheet, June 30, 1902. 7
Gen. Bal. Sheet, 1900-1902.... 12
History 1
Income Acct., June 30, 1902.. 6
Income Acct, 1900-1902 12
Lake Ferry Connections 4
Land Department 13
Mileage Operated
Operations, Traffic 6
Operations and Inc., 1900-02.. 12
Rolling Stock S
Sinking Fund 10
Trackage Contracts 3
1. History.— Chartered Dec. 27, 1897, and on July 13, 1899, acquired title to
the properties of the Wisconsin Central Co., Wisconsin Central RR Co., Packwaukee
and Montello RR. Co., Milwaukee and Lake Winnebago RR. Co., Chicago, Wisconsin
and Minnesota RR. Co., and Central Car Co., under the terms of the plan of reorganiza-
tion outlined in the MANUAL for 1899, on pages 367 et seq. The Marshfield and South-
eastern RR., from Marshfield to Nekoosa, Wis., 32.61 miles, WPS purchased as of
May 1, 1901.
Railroad Map of Michigan and Wisconsin.
American Bank Note Company
[CABLE ADDRESS. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fife-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1903, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1903.
Longitude
MICHIGAN AND WISCONSIN.
Railroad Map of Michigan and Wisconsin.
Twenty-Two Years of Protection
(SEPTEMBER, 1S88.)
By HENRY V. POOR.
Pp. 222. 8vo. Paper. Price, 50 cents.
PREFACE.
The financial history of the United States naturally divides
itself into three periods : The first, the Period of Construction—
the work of the Fathers ; the second the Period of the attempted
Destruction of this work ; the third, of its Restoration. The first
period, of 40 years, extends from the formation of the Govern-
ment in 1789 to the close of the administration of John Quincy
Adams in 1829 ; the second period, of 36 years, extends from the
beginning of General Jackson's administration in 1829 to the
restoration of peace in 1865 ; the third period of 22 years, extends
to the end of 1887; for although the election of Mr. Cleveland
nominally put an end to the period of Restoration, he so far has been
unable to undo its distinctive feature — a return to the Protective
policy of the Fathers. The object of this work is to display the
Period of Restoration; hence its title, — "Twenty-Two Years of
Protection." To a proper understanding of this period, a com-
petent knowledge of the events of the two preceding periods, as
well as of the Colonial Period, is a necessary condition.
PRICE, . ' . . . . FIFTY CENTS.
Sent to any address on receipt 01 the price*
Poor's Railroad Manual Co.
68 William Street, New York City.
Or, may be ordered through any booksellei
POOR'S MANUAL WISCONSIN CENTRAL RY. CO. 441
2. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 982.28 miles).
Main Line: Chicago, 111., to Trout Brook Junction, Minn 452.02 miles.
Northern Division: Abbotsford, Wis., to Ashland, Wis -132.56
Manitowoc Branch: Neenah to Manitowoc, Wis *44.18
Portage Branch: Stevens Point to Portage, Wis 70.75
Montello Branch: Packwaukee to Montello, Wis 7.68
Kekoosa Branch: Marshfield to Nekoosa, Wis..... 32.61
Marshfield Branch : Marshfield to Greenwood, Wis 22.44
Eau Claire Branch: Chippewa Falls to Eau Claire, Wis 9.84
Rib Lake Branch: Chelsea to Rib Lake, Wis 5.57
Pcnokce Branch : Mellen to Bessemer, Mich 33.56
Ashland Ore Dock and Yard Line 2.26
Ashland Commercial Dock Line 1.04
Spurs to Industries 166.81
Other Tracks 0.96
B. TRACKAGE RIGHTS ( see Section 2 for details) 60.31
Total length of lines, June 30, 1902 1,042.59 miles.
Deduct, spurs owned but not operated 65.41 "
Length of lines operated by W. C. Ry. Co., June 30, 1902 977.18 miles.
Average mileage operated during year 977.77 miles.
Sidings, etc. (58.68 miles not operated), 300.61 miles. Gauge, 4 ft. 8% in. Rail f steel,
850 m.), 52 to 85 Ibs.
•14.37 miles of this line, from Menasha to Hilbert Junction, are owned jointly by the W. C. Ry.
Co. and the C., M. & St. P. Ry. Co.
3. Trackage Rights.— Illinois Central RR., from South Water Street, Chicago,
to Harlem Junction, 14.37 miles; Chicago, Milwaukee and St. Paul Ry., from Milwaukee
to Rugby Junction, Wis., 27.6 miles, and from Magenta to Eau Claire Terminal, Wis.,
1.32 miles; Northern Pacific Ry., from Trout Brook Junction to Third Street, St.
Paul, Minn., 1.99 miles, Y at Trout Brook Junction, 0.28 mile, and Miss. Street Con-
nection, St. Paul, Minn., 0.38 mile; St. Paul Union Depot Co., Third Street to Union
Depot, St. Paul, Minn., 0.55 mile; Great Northern Ry., from Third Street, St. Paul,
to Third Street, Minneapolis, Minn., 10.76 miles, and Miss. Street Connection, St.
Paul, 0.35 mile; Minneapolis Union Ry., from University Switch to connection with
Great Northern Ry. at First Street, Minneapolis, 2.55 miles, and Y at Minneapolis,
0.16 mile — total, 60.31 miles. The contract for the use of the Illinois Central RR.
tracks and terminals in Chicago is for 99 years, as is the contract for use of the
Great Northern Ry. tracks between St. Paul and Minneapolis and its terminals in
those cities. The tracks of the Chicago, Milwaukee and St. Paul Ry. between Rugby
Junction and Milwaukee and terminals in Milwaukee are used under contract for five
years.
4. Lake Ferry Connections. — From Manitowoc, Wis., connection is made by means
of steam ferry lines with the Ann Arbor RR. at Frankfort, Mich., with the Pere
Marquette RR. at Ludington, Mich., and with the Cleveland, Cincinnati, Chicago and
St. Louis Ry. at Benton Harbor, Mich.
5. Rolling Stock, June 30,1902.— Locomotives, 157. Cars — passenger (1st class, 38;
2d class, 19), 57; dining. 3; parlor, 5; sleeper, 12; combination, 13; baggage, mail,
and express, 27; milk, 3; freight (box, 5,024; flat, 468; tank, 2; gondola, 302; ore,
1,757), 7,553; service cars, 132— total, 7,805.
6. Operations, year ending June 30, 1902. — Train mileage — passenger, 1,699,751;
freight, 2,220,212— total, 3,919,963 miles. Passengers carried, 1,059,910; carried one
mile, 58,036,192; average mile rate, 2.08 cents. Tons freight moved, 4,004,906; moved
one mile, 636,393,127; average ton-mile rate, 0.709 cent.
Earnings —Passenger $1,267,359 58
Freight 4,508,876 93
Mail and Express I ,,.,- „, /.-
Miscellaneous . 265>233 6o
Expenses— Maint. of Way and Struc.... $781,674 14
Maintenance of Equipment. 609,596 65
Conducting Transportation.. 2,253,947 27
General Expenses 238,155 54
Total ($6,178.83 per mile) $6,041,470 16 Total (13,971.67 per mile) $3,883,373 60
442
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
Net earnings (35.72 p. c.), $2,158,096.56; other receipts, $37,076.11— total, $2,195,-
172.67. Payments: Interest on bonds, $1,113,789.43; other interest, $6,421.51; taxes,
$218,493.18; rentals, $376,363.87 — total, $1,715,067.99. Surplus, $480,104.68; surplus
to June 30, 1901, $276,935.14 — total, $757,039.82. Deduct amount appropriated by the
board of directors in part payment of the cost of improvements, $124,990.41. Balance,
surplus, June 30, 1902, $632,049.41.
Cost of Road and Equipment $53,464,698 50
Ten Locomo. from Brooks Loco.Wks. 127,441 96
Treasury Preferred Stock 1.232,895 64
Treasury Common Stock 1,352,124 07
Material In Private Tracks
Investments in Stocks and Bonds
William L. Bull, Trustee
Trustees of Sinking Funds
Cash in Special Improvement Fund..
Materials and Supplies
Cash and Current Assets 1,919,57833
Land Department Assets (net) 216,683 48
Unadjusted Accounts 46,048 45
Tax Account 3,16390
7. General Balance Sheet, June 30, 1902.
Common Stock ($100 shares) $17,600,00000
Preferred Stock ($100 shares) 12,500,000 00
Funded Debt Outstanding(see Sec. 9). 26,869,500 00
Brooks Locomotive Works 128,458 82
Vouchers and Pay Rolls 4S8.029 64
Accounts Payable 160,36625
Interest on Funded Debt Accrued.... 639,549 16
Sk.Fd.Trust. for Acct. of Ld.Sales.etc.. 263,584 03
Equipment Renewal Account 128,250 43
127,397 21
63,931 62
78,038 19
1,311 02
171,659 60
456,110 90
Total Assets $59,251,08287
Rebuilding Suspense Account.
Renewal Reserve Fund
Unadjusted Accounts
Profit and Loss
5,255 64
50,039 69
16,000 00
632,049 41
Total Liabilities $59,251,08287
8. Capital Stock. — The preferred stock is entitled to receive, or have set apart for it, a non-
cumulative dividend, if declared, to the extent of 4 p. c. per annum, payable out of the surplus net
earnings each fiscal year before any dividend for such year shall be paid on the common stock, and
without deduction for any taxes which the company may be required at any time to pay or retain
therefrom. In any year in which 4 p. c. dividend shall have been declared on behalf of common and
preferred stock, all shares, whether common or preferred, shall participate equally in any further
dividends for such year. Whenever, for two successive years, dividends on the preferred stock at
the rate of 4 p. c. per annum shall not have been earned and paid in cash, said preferred stock shall
thereafter have the right to elect a majority of the board of directors of the company.
The preferred stock cannot be increased beyond $12,500,000 par value, except after obtaining
the consent of the holders of at least a majority of the whole amount of the preferred stock, given at
a meeting of the stockholders called for that purpose, and also the consent of the holders of a
majority of such part of the common stock as shall be represented at such meeting.
Voting power is vested in five voting trustees, under an agreement dated July 13, 1899, in pur-
suance of which the stocks will be held by such trustees until July 1, 1904, although it may be dis-
tributed at any earlier date at their discretion. Until such distribution is made, voting trust certifi-
cates will be issued, entitling the registered holders to any dividends that may be declared on the
shares.
9. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $26,869,500, as per
general balance sheet — consisted of the following issues of bonds (additional particulars will be
found in the Ready Reference Bond List — see General Index) :
S23.8S4.000 1st gen. gold 4s of July 1, 1949, se-
cured upon the property acquired in the reorgani-
zation, subject only to the liens of the Wisconsin
Central 1st series bonds, the Chicago, Wisconsin
and Minnesota 1st mtge. bonds and the Milwaukee
and Lake Winnebago 1st mtge. bonds on the
properties covered by those issues, to the lien of
$3,885 of real estate mortgages on a part of the
Manitowoc Terminal property, and to some mort-
gages given to secure bonds of the Chicago, Mil-
waukee and St. Paul Ry. Co. on the half interest
in the 14.37 miles of road between Hilbert Jufcc-
tion and Menasha, Wis., purchased from that
company. All other bonds of the several con-
stituent companies of the Wisconsin Central Sys-
tem have been acquired by the company and de-
posited with the trustee under this mortgage as
muniments of title. The authorized issue of 1st
gen. mtge. bonds is $27,000,000, of which $24,640,-
000 have been issued, $756,000 thereof having been
retired by action of sinking fund. Of the $2,360,-
000 of unissued bonds, $2,245,000 are reserved for
the retirement of the three outstanding issues of
$66O,5OO Wisconsin Central RR. 1st series
gold 5s of Jan. 1, 1909. Secured by first mortgage
on the Wisconsin Central RR. (see MANUAL for
1899, page 363). The proceeds of land sales are
applicable to the purchase of these bonds, but
there can be no drawings.
$6O4,OOO Milwaukee and Lake Winnebago RR.
1st gold 6s of July 1, 1912. Secured on the line
from Schleisingerville, Neenah, Wis., and on the
section of the Manitowoc Division between Nee-
nah and Menasha.
$77O,OOO Chicago, Wisconsin and Minnesota
RR. 1st gold 6s of 'March 1, 1916. Secured on the
line from Central Avenue, Chicago, to Schlei-
singerville, Wis., 114.67 miles.
$5OO,OOO Minneapolis Terminal purchase
money gold 3Js of Jan. 1, 1950. Secured on ter-
minals at Minneapolis, Minn. The bonds are
subject to call for redemption on or after Jan. 1,
1910, at 105 p. c. and accrued interest.
9445,OOO Marshfleld and Southeastern Divi-
sion purchase money gold 4s of May 1, 1951. Se-
cured on the line from Marshfleld to Nekoosa,
Wis., 32.61 miles.
prior lien bonds, and $115,000 are available for
improvements, equipment, etc.
1O. Sinking Fnnd. — When the first series of bonds of the Wisconsin Central RR. Co. have all
been retired and the mortgage under which they were issued, dated Jan. 1, 1879, shall have been dis-
charged of record, all moneys arising from the sales of lands belonging to the land grant shall b*
received by the trustees of the Wisconsin Central Ry. Co 's mortgage, and the surplus thereof
remaining, after deducting the expense of the trust in respect thereof and of the management, settle-
ment and sale of said land, and after repayment to the railway company for its outlays for taxes,
assessments, advertising charges, betterments and other proper expenses incurred by it in connection
with said lands, or to promote the sale thereof, shall be invested by the trustees in purchasing bonds
secured by the mortgage of the Wisconsin Central Ry. Co. whenever such bonds can be purchased at
a price not exceeding par and accrued interest. If such purchase cannot be effected within three
POOR 8 MANUAL WISCONSIN CENTRAL RT. CO.
443
months after the receipt of such proceeds the trustees shall, if the railway company requests, pur-
chase said bonds at any higher price fixed by the company, but if the railway company does not so
request, such proceeds shall be paid to the railway company when and as called for by resolution of
its Board of Directors, approved by a majority of all members, specifying that such proceeds are to
be used for the improvement, betterment, enlargement, equipment or extension of the railroads or
property covered by the mortgage or additions thereto, specifying the particular purpose for which
these proceeds are to be used.
There was in the Land Grant Sinking Fund on June 30, 1901, $400,142.47 ; there was paid into
this fund during the year, $244,450 ; interest on deposits during year, $4,946.10, making a total
amount available, $649,538.57. Paid during the year for expenses of administering the trust,
$6,494.52 ; amount invested by trustees, $642,885.87 ; balance on hand June 30, 1902, $158.18.
The trustees expended during the year $642,885.87 in the purchase and retirement of 593 first series
bonds of the Wisconsin Central RR. Co., all but four of which were purchased from the trustees of
the 1st general mortgage. The amount received by the sinking fund trustees under the 1st general
mortgage for the 589 first series bonds thus disposed of, together with $37,858.44 which still re-
mained in the so-called collateral trust of Sept. 14, 1893, were applied to the purchase in open
market of $756,000 1st gen. mtge. bonds, which have been cancelled and destroyed.
11. Eqnlpn»en* Trust Agreement. — During the last half of the fiscal year ending June
30, 1902, the company contracted for 10 locomotives, 300 box cars, 100 stock cars, 25 refrigerator
cars, 3 postal cars, 5 passenger coaches, 2 chair cars, 4 composite cars, 2 baggage cars and 4 wreck-
ing Cranes, all of which have since been delivered. The cost of this equipment and of the 10 loco-
motives purchased of the Brooks Locomotive Works (see general balance sheet) amounted to $738,-
458.84, of which $138,458.84 was paid in cash after June 30, 1902. Payment of the remaining
$600,000 has been secured by an equipment trust agreement with the Metropolitan Trust Co. of New
York' covering the above equipment. The trust is dated July 1, 1902, and requires the company to
pay $60,000 annually for ten years, with interest at the rate of 5 p. c. per annum, payable semi-
annually, on deferred payments.
12. Statement showing the operations, income and general accounts for three fiscal
years ending June 30, 1900, 1901, and 1902:
1900
1901
1902
1900
1901
1902
Miles Road Operated.. . .
Pass Train Miles
945.27
1,765,574
2,212,702
1,022,109
55,531,569
3,989,032
571,086,238
$
1,182,493
4,174,776
280,147
955.07
1,668,896
2,027,951
980,890
54,134,195
3,428,562
522,867,887
$
1,180.763
3,879,046
264,465
977.77
1,699,751
2,220,212
1,059,910
58,036,192
4,004,906
636,393,127
$
1,267,360
4,508,877
265,233
Net Earnings
1
2,056,480
8,278
1
1,857,811
24,762
I
2,158,097
37,076
Other Receipts
Freight Train Miles
Passengers Carried
Net Income
2,064,758
206,705
1 026,954
338,184
1,882,573
213,116
1,090,511
332,829
2,195,173
218,493
1,120,211
376,364
Taxes '.'.
Freight (tons) Moved. .
Freight (ton) Mileage. ..
Earnings— Passenger . .
Freight ....
Other
Total
Interest
Rentals
Total Payments
Surplus Income
1,571,843
492,915
30,000,000
26,276,500
1,221,892
42,168
1,636,456
246,117
30,000,000
27,634,500
1,449,871
276,935
1,715,068
480,105
30,000,000
26,869,500
1,749,534
632,049
Capital Stock
5,637,416
3,580,936
5,324,274
3,466,463
6,041,470
3,883,373
Other Liabilities
Operating Expenses . . .
Profit an'l Loss
Total Liabilities. ....
2,056,480
5,963 82
3,788 27
2,175 55
63.52 p.c.
2.03 c.
0.73 c.
1,857,811
5,574 75
3,629 54
1,945 21
65.11 p.c.
2.08 c.
0.74 c.
2,158,097
6,178 83
3,971 67
2,207 16
64.28 p.c.
2.08 c.
0.71 c.
57,540,560
49,954,732
5,221,254
575,959
1,788,615
59,361,306
52,736,360
4,618,225
601,648
1,405,073
59.251,083
53,592,140
3,017,358
456,111
2,185,474
Gross Earn, per Mile . . .
Oper. Expenses p.Mile. .
Net Earn, per Mile
Expenses to Earnings. . .
Earn. p. Pass. p. Mile . . .
Earn. p. Ton p. Mile
Other Investments ....
Other Assets
Total Assets
57,540,560
59,361,306
59,251,083
13. Land Department. — Lands unconveyed July 1, 1901 (unsold. 455,660.74 acres; under
contract, 53,363.77 acres), 509,024.51 acres. Deeded during the year, 27,406.40 acres. Cancellations,
979.99 acres. Lands unconveyed June 30, 1902 (unsold, 427,198.56 acres; under contract, 54,419.55
acres), 481,618.11 acres. There were sold during the year 29,442.17 acres for $184,955.75, an
average of $6.28 an acre. There were 36 lots and 7 blocks sold for $3,415. Sales cancelled
amounted to $15,962.16. Net sales, $172,408.59; add for stumpage, $34,690.19; for royalties,
$125,444.30 — total, $332,543.08. The receipts of the department amounted to $353,962.66 ; taxes
and expenses, $96,757.75 ; payments to sinking fund, $242,691.69. Amounts unpaid on outstanding
contracts, $362,958.55, of which $350,507.76 was principal and $12,450.79 interest.
14. Directors (elected Oct. 14, 1902).— Wm. L. Bull, John Crosby Brown, Fred T.
Gates, Gerald L. Hoyt, James C. Colgate, Edward W. Sheldon, Joseph S. Dale, New
York, N. Y. ; Francis R. Hart, Boston, Mass.; H. F. Whitcomb, Howard Morris, Mil-
waukee, Wis. ; Wm. F. Vilas, Madison, Wis.
WM. L. BULL, Chairman of the Board New York, N. Y.
H. F. WHITCOMB, President Milwaukee, Wis.
Treasurer — W. R. Hancock Milwaukee, Wis. I Asat. Sec. — Joseph S. Dale New York, N. Y.
Secretary — Charles M. Morris.. \Compt.dcAud. — Robert Toombs.. Milwaukee, Wis.
PEINCIPAL OFFICE AND ADDRESS Milwaukee, Wis.
444 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
ABBOTSFORD AND NORTHEASTERN RR.— Projected : Abbotsford, Wis., to Wausau
and Merrill, Wis., 70 miles. Completed up to June 30, 1902 : Abbotsford to Athens, Wis., 15 16 m •
total track, 15.74 miles. Rail (steel, 5.46 m.), 56 and 60 Ibs. Gauge, 4 ft. 8J in. Chartered April
12, 1889; road opened Oct. 1, 1889. Locomotive, 1. Cars — freight (flat), 4; caboose, 1 — total, 5.
Operations, year ending June 30, 1902. — Trains run (freight), 9,900 miles. Passengers car-
ried, 3,455 ; carried one mile, 48,042. Tons freight moved, 40,719 ; ton-miles, 584,482. Earnings
(passenger, $1,832; freight, $19,006; other, $2,660), $23,498. Operating expenses, $16,193. Net
earnings, $7,305. Payments : Interest on bonds, i>6,720 ; taxes, $100 ; other charges, $2 — total
$6,822. Surplus, $483 ; deficit forward, $10,325 — net deficit, $9,842.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $120,000; funded
debt (1st gold 6s of Oct. 1, 1919), $112,000; current liabilities, $2; interest accrued, $12,540 —
total, $244,542. Contra : Cost of road and equipment, $232,000 ; cash and current assets, $2,700 ;
profit and loss, $9,842 — total, $244,542.
Directors (elected May 29, 1902). — Fred. Rietbrock, L. W. Halsey, A. C. Rietbrock, Thos. H.
Gill, Milwaukee, Wis. ; Wm. L. Erbach, Athens, Wis. OFFICERS : FRED. RIETBROCK, Pres. & Gen.
Mgr.; L. W. Halsey, Vice-Pres. ; A. C. Rietbrock, Treas. & Aud.; Thos. H. Gill, Sec., Milwaukee,
Wis. GENERAL OFFICE, Milwaukee, Wis.
ADDYSTON AND OHIO RIVER RR. — Addyston, O., to Ohio River, Cincinnati, O., 7.20
miles. Rail (steel), 56 Ibs. Gauges, 4 ft. 81 in., 4 ft., and 2 ft. 101 in. Chartered Feb. 12, 1889;
road opened Sept., 1889. Owned by the United States Cast Iron Pipe and Foundry Co., and used by
that company for transporting stuff in and around their shops. Locomotives, 7. Cars — freight
(coal, 60; other, 35), 95; other, 1 — total, 96. Gross earnings year ending June 30, 1902, $19,971,
applied to operating expenses. Capital stock ($100 shares), $50,000.
Directors. — Daniel McLaren, Larz Anderson, B. F. Haughton, B. S. Cunningham, W. J. Lippin-
cott, Cincinnati, O. OFFICERS: G. B. HAYES, Pres.; G. J. Long, 1st Vice-Pres.; A. F. Callahan,
2d Vice-Pres.; B. F. Haughton, Sec. & Treas.; T. N. Johnson, Gen. Mgr.; D. P. Hopkins, Supt. &
Aud., Addyston, O. GENERAL OFFICE, 638 Rookery Building, Chicago, 111.
ADENA RR. — Projected : Adena, O., to St. Clairsville, on B. & O. RR., 21 miles. Completed,
Feb. 15, 1903, Adena to Roby Mine, 1.5 m. ; Roby Mine tracks, 2 m. — total, 3.5 miles. The line is
graded the entire distance to St. Clairsville. Gauge, 4 ft 81 in. Rail (steel), 60 Ibs. Capital stock
authorized, $1,000,000. Bonds authorized, $1,000,000.
Directors. — J. H. Dempsey, W. C. Boyle, W. M. Duncan, W. B. Whiting, C. E. Sanders, J. P.
Stark, J. G. Stidger, Cleveland, O. OFFICERS: J. P. STARK, Pres.; C. E. Sanders, Vice-Pres.; W.
B. Whiting, Sec.; Robert Blickensderfer, Gen. Mgr., Cleveland, O. GENERAL OFFICE, Cleveland, O.
AHNAPEE AND WESTERN RY. — Casco June, to Sturgeon Bay. Wis., 34 m. ; total
track, 36 miles. Rail (steel), 52 Ibs. Gauge, 4 ft. 81 in. Chartered Aug. 18, 1890. Road com-
pleted from Casco June, to Ahnapee (now Algoma), 14 m., in Aug., 1892 ; to Sturgeon Bay in July,
1894. Connects with the Kewaunee, Green Bay and Western RR. at Casco June. Road owned by E.
Decker & Sons. Locomotives, 2. Cars — passenger, 2; baggage, 2; freight (box, 1; flat, 20), 21 —
total, 25.
Operations, year ending June 30, 1902. — Trains run (mixed), 42,568 miles. Passengers car-
ried, 28,925 ; carried one mile, 983,450. Tons freight moved, 32,504 ; ton-miles, 1,105,136. Earn-
ings (passenger, $21,007 ; freight, $20,441 ; other, $4,701), $46,149. Operating expenses, $27,580.
Net earnings, $18,569. Payments : Interest on bonds, $20,400 ; taxes, $170 — total, $20,570.
Deficit, $2,001 ; deficit forward, $72,740 — total, $74,741.
General Balance Sheet, June 30, 1902. — Capital stock ($500,000 auth. ; $100 shares),
$106,000; funded debt (1st 6s of July 1, 1902), $340,000: current liabilities, $138,877 — total,
$584,877. Contra : Cost of road and equipment, $502,424 ; cash and current assets, $2,812 ; other
assets, $4,900 ; profit and loss, $74,741 — total, $584,877.
Directors. — E. Decker, Casco, Wis. ; E. Decker, Jr., Nathan Decker, M. C. Haney, Algoma,
Wis. ; David Decker, Sturgeon Bay, Wis. ; L. Albert Kavel, Kewaunee, Wis. ; S. W. Champion, Green
Bay, Wis. OFFICERS: E. DECKER, Pres., Casco, Wis. ; David Decker, Vice-Pres. & Gen. Mgr.,
Sturgeon Bay, Wis. ; E. Decker, Jr., Treas. & Sec., Algoma, Wis. GENERAL OFFICE, Sturgeon
Bay, Wis.
AKRON AND BARBERTON BELT RR. — Belt Line around Barberton, O., 5.4 m., Bar-
berton to Fairlawn, O., 7 m. ; Barberton to White Grocery, O., 10 m. — total, 22.4 m. ; total track
(steel; 60, 70 and 75 Ibs.), 28.9 miles. Gauge, 4 ft. 81 in. Consolidation, May 6, 1902, of the
Barberton Belt Line RR. Co. (see MANUAL for 1901, page 309), Cleveland, Barberton and Western
RR. Co., and Barberton, Akron and Easton Belt Line RR. Co. Locomotives, 3 ; flat car, 1.
Financial Statement, Dec. 31, 1902. — Capital stock, $100,000 ; funded debt (1st 4s of June 1,
1942), $1,000,000; other liabilities, $147,885 — total, $1,247,885. Contra: Cost of Toad and equip-
ment, $1,014,526 ; cash and current assets, $233,359 — total, $1,247,885. Interest on the bonds is
payable at the office of the trustee, United States Mortgage and Trust Co., New York, N. Y.
Directors. — Edw. B. Taylor, Pittsburgh, Pa. ; E. D. Underwood, W. C. Brown, New York, N. Y. ;
Oscar G. Murray, Baltimore, Md. ; James McCrea, Pittsburgh, Pa. OFFICERS : EDW. B. TAYLOR,
Pres.; Robert R. Reed, Treas.; S. B. Liggett, Sec., Pittsburgh, Pa. F. H. Reeves, Aud.; J. C.
Moorhead, Supt., Barberton, O. GENERAL OFFICE, Barberton, O.
ARCADIA AND BETSEY RIVER RR.— Arcadia to Copemish, Mich., 21 m. ; total track
(steel; 56 Ibs.), 22.50 miles. Gauge, 4 ft. 81 in. Chartered Sept. 25, 1895; purchased the right of
way from the Arcadia and Betsey River Tram Ry. Co. ; road opened as above Dec. 12, 1896. Loco-
motives, 2. Cars — passenger, 1; freight (flat, 40; box, 1), 41 — total, 42.
Operations, year ending Dec. 31, 1901. — Passengers carried, 7,252 ; carried one mile, 83,376.
Tons freight moved, 34,788. Earnings (passenger, $2,202 ; freight, $8,863 ; other, $986), $12,051.
Operating expenses and taxes, $13,574. Loss from operations, $1,513.
Gteneral Balance Sheet, Dec. 31, 1901. — Capital stock ($165,000 auth. ; $100 shares), $140,-
000 ; unfunded debt, $13,655 ; profit and loss, $4,650 — total liabilities, $158,305. Contra : Cost of
road and equipment, $1.52,258 ; real estate, $3,696 ; current and other assets, $2,351 — total,
$158,305.
Directors. — Chas. J. Starke, H. Mauntler, Adolph Hasse, John Weldt, Maria Starke, Arcadia,
Mich. OFFICERS : CHAS. J. STARKE, Pres. & Gen. Mgr. ; Henry Mauntler. Vice-Pres. ; Adolph Hasse,
Sec., Treas. & Aud., Arcadia, Mich. GENERAL OFFICE, Arcadia, Mich.
ATI SABLE AND NORTHWESTERN RR. — Au Sable to McKlnley, Mich., 36 m. ; Mc-
Kinley to Red Oak, Mich., 28 m. — total, 64 m. ; total track (steel ; 30 to 40 Ibs.), 73 miles. Gauge,
3 ft Chartered July 22, 1891, as successor to the Au Sable and Northwestern Ry. Co. ( See MANUAL
POOR'S MANUAL OP RAILROADS. 445
for 1893, page 697.) Locomotives, 6. Cars — passenger, 4; baggage, etc., 3; freight (box, IB;
stock, 20), 35; other, 205 — total cars, 247.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $4,925; freight, $52,577;
other, $1,822), $59,324. Operating expenses and taxes, $54,686. Net earnings, $4,638.
General Balance Sheet, Dec. 31, 1900 (latest rendered). — Capital stock paid in ($560,000
auth. ; $100 shares), $41,500 ; unfunded debt, $151,679 ; profit and loss, $201,353 — total, $394,532 ;
representing cost of road and equipment.
Directors.— H. N. Loud, G. A. Loud, E. F. Loud, F. C. Ebling, Au Sable, Mich. OFFICERS-
H. N. LOUD, Pres.; George A. Loud, Vice-Pres. & Gen. Mgr.; F. C. Ebling, Sec., Treas. & Aua.,
Au Sable, Mich. GENERAL OFFICE, Au Sable, Mich.
BAYFIELD TRANSFER RY. — Bayfield to Red Cliff, Wis., 4.52 miles. Operated under
contract : Bayfield Harbor and Great Western Ry., Bayfield June, to Raspberry Road, Wls., 6 miles.
Total operated (Including 0.66 m. sidings), 10.52 miles. Gauge, 4 ft. 8 J in. Steel rail. Road built
In 1897. This company operates the Bay field Harbor and Great Western Ry., any loss or gain re-
sulting therefrom accruing to the B. H. & G. W. Ry. Co. Locomotives, 2. Cars — passenger, 1 ;
combination, 1; freight (flat), 19; service, 3 — total, 24.
Operations, year ending June 30, 1902. — Earnings (passenger, 2,487; freight, $5,245; other,
$1.563), $9,295. Operating expenses, $9,336. Deficit from operation, $41.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $3,000,000; funded
debt (1st 5s of Jan. 15, 1927), $1,500,000; current liabilities, $535,477 — total, $5,035,477. Contra:
Cost of road and equipment, $3,415,565 ; stock owned, $1,324,600 ; cash and current assets, $5,322 ;
profit and loss, $289,990 — total, $5,035,477.
Directors. — George H. Noyes, B. K. Miller, Jr., F. W. Dockery, Milwaukee, Wis. ; J. M. Smith,
Duluth, Minn. ; H. C. Hale, Bayfield, Wis. OFFICERS : GEO. H. NOTES, Pres., Milwaukee, Wis. ; J.
M. Smith, Vice-Pres., Duluth, Minn. ; H. C. Hale, Sec., Treas. & Gen. Mgr., Bayfleld, Wis. GENERAL
OFFICE, Bayfleld, Wis.
BAY TERMINAL RR. -Rockwell June. (L. S. & M. S. Ry.) to W. & L. E. Ry. June.,
Toledo, O., 1.2 m. ; total track (steel; 60 Ibs.), 2 miles. Gauge, 4 ft. 8J in. Chartered April 4,
1895; road opened April 1, 1896. Owns 1 locomotive and 340 tank cars. Capital stock ($100
shares), $95,000. No bonded debt.
Directors. — J. N. Pew, W. S. Miller, Pittsburgh, Pa. ; Robert C. Pew, J. Ed. Pew, John C.
McKisson, Toledo, O. OFFICERS: J. N. PEW, Pres., Pittsburgh, Pa.; vacancy, Vice-Pres.; W. S.
Miller, Sec. & Treas., Pittsburgh, Pa. ; Robert C. Pew, Gen. Mgr., Toledo, O. GENERAL OFFICE,
Toledo, O.
BEDFORD STONE RY.— Rivervale to Stonington, Ind., 5 miles. Gauge, 4 ft. 8J in.
Rail (steel), 67 Ibs. Locomotives, 2; no cars. Chartered April 15, 1902; road in operation
prior to July 1, 1903. Used mainly for hauling stone from the quarries at Stonington. Connects
with the B. & O. S. W. RR. at Rivervale. Capital stock, representing cost of road, $50,000.
Directors. — Not reported. OFFICERS: GEORGE W. HUNTINGTON, Pres., Cleveland, O. ; E. E.
Huntington, Vice-Pres., Chicago, 111. ; E. A. Merritt, Sec. & Treas., Cleveland, O. ; C. W. Walters,
Gen. Mgr., Chicago, 111. GENERAL OFFICE, Chicago, 111.
BELT RY. CO. OF CHICAGO (THE).— Auburn June, to C., M. & St. P. June., 15.9 m. ;
branches from Pullman June, to Irondale, 111., etc., 5.41 m. — total, 21.31 m. ; 2d track (leased),
17.83 m. ; sidings (owned, 27.14 m. ; leased, 27.94 m.), 55.08 m. — total track, 94.22 miles. Rail
(steel), 60, 66, and 80 Ibs. Gauge, 4 ft. 8J in. Chartered Nov. 22, 1882, and leased the Belt Divi-
sion of the Chicago and Western Indiana RR. Road opened May 1, 1883. The company owns 8
coal cars and leases the following equipment : Locomotives, 41. Cars — box, 50 ; gondola, 250 .
coal and flat, 80 ; dump, 50 ; caboose, 20 — total, 450.
Operations, year ending June 30, 1902. — Trains run (freight, 976,736; other, 58,584),
1,035,320 miles. Earnings (freight, $958,405; other, $26,396), $984,801. Operating expenses,
$561,729. Net earnings, $423,072. Payments : Taxes, $52,350 ; rentals, $145,954 ; dividends
(8 p. c.), $96,000 — total, $294,304. Surplus, $128,768; surplus forward, $577,455 — total,
$706,223.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,200,000; current
liabilities, $116,391 ; profit and loss, $706,223 — total, $2,022,614. Contra : Cost of road and
equipment, $1,579,670 ; Chicago and Western Indiana sinking fund, $97,442 ; cash and current as-
sets, $345,502 — total, $2,022,614.
Directors (elected June 3, 1902). — W. H. Lyford, W. O. Johnson, W. H. McDoel, Chicago, 111.;
E. B. Pryor, St. Louis, Mo. ; Charles M. Hays, Montreal, Que. OFFICERS : B. THOMAS, Pres. & Gen.
Mgr.; Edgar A. Bancroft, Yice-Pres. & Gen. Solicitor; M. J. Clark, Sec. & Aud.; John E. Murphy,
Treas., Chicago, 111. GENERAL OFFICE, Chicago, 111.
BIG FALLS RY. — Hunting to Comet, Wis., 15 miles, of which 9 'miles owned and 6 miles
leased from Wall-Spaulding Lumber Co. Gauge, 4 ft. 8J in. Chartered in Sept., 1895, and road
built shortly afterwards. In 1898 an extension was built from Junction to Norske, 6 miles. Loco-
motives, 2. Cars (box, 8; logging, 37), 45.
Operations, year ending June 30, 1902. — Earnings (passenger, $500; freight, $7,729),
$8,229. Operating expenses, $8,486. Loss from operation, $257. Total deductions, $532. Deficit,
$789.
General Balance Sheet, June 30, 1900 (latest rendered). — Capital stock, $1,000; chattel
mortgage issued July 12, 1898, due Jan. 12, 1900, $7,715 ; profit and loss, $1,161 — total, $9,876.
Contra : Cost of equipment, $7,857 ; cash, $46 ; current assets, $1,973 — total, $9,876.
Directors. — James H. Wall, O. H. Thomas, Thomas R. Wall, Sophronia M. Wall, H. W. Authes,
Oshkosh, Wis. OFFICERS: JAMES H. WALL, Pres.; S. M. Wall, Vice-Pres.; T. R. Wall, Sec. &
Treas., Oshkosh, Wis. GENERAL OFFICE, Oshkosh, Wis.
BOYNE CITY AND SOUTHEASTERN RR. — Boyne City to White's Headquarters Camp,
Mich 1959 m. ; total track (steel; 30 and 40 Ibs.), 36.89 miles. Gauge, 4 ft. 81 in. Chartered
May 3, 1893 ; road completed and opened for 13.12 m., Dec, 31, 1896 ; extended 4 m. in Nov., 1897 ;
and 5 m. in 1898. Principally a logging road. Locomotives, 5. Cars — passenger, 1; freight (flat),
35 • other, 101 — total, 137.
Operations, year ending Dec. 31, 1901. — Trains run (passenger, 9,151; freight, 42,278),
51 429 miles Passengers carried, 7,015 ; carried one mile, 49,105. Tons freight moved, 86,606 ; ton-
miles 222276. Earnings (passenger, $1,684; freight, $54,912; other, $683), $57,279. Operating
expenses and taxes, $35,548. Net earnings, $21,731. Paid interest on unfunded debt, $2,492. Sur-
plus $19 239 ; surplus forward, $75,899 — total, $95,138.
446
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
General Balance Sheet, Dec. 31, 1901. — Capital stock ($384,000 auth. ; $100 shares),
$70,000; unfunded debt, $42,794; profit and loss, $95, 138 — total, $207,932. Contra: Cost of road and
equipment, $198,334 ; cash and current assets, $9,598 — total, $207,932.
Directors. — Wm. H. White, Thos. White, Jas. A. White, Geo. White, R. V. White, L. D. Fair-
child, W. L. Martin, Boyne City, Mich. OFFICERS : WM. H. WHITE, Pres. ; Thomas White, Vice-
Pres.; Jas. A. White, Treaa. ; L. D. Fairchild, Sec. & Gen. Mgr., Boyne City, Mich. GENERAL
OFFICE, Boyne City, Mich.
CENTRAL INDIANA BY. — Muncie to Brazil, Ind., 127.4 m. ; total track, 145.37 miles.
Gauge, 4 ft. 8J in. Rail (steel), 56, 60, 67 and 70 Ibs. Locomotives, 13. Cars — passenger, 3;
combination, 2; freight (box, 74; coal, 197; flat, 2; dump, 47), 320; service, 4 — total, 325. Suc-
cessor to the Chicago and Southeastern Ry. Co., whose property was sold under foreclosure on
Feb. 19, 1903 (see MANUAL for 1902, page 418).
Financial Statement, May 1, 1903. — Capital stock, $120,000. The stock is held in equal pro-
portions by persons interested in the Pennsylvania Co. and the Cleveland, Cincinnati, Chicago and
St. Louis Ry. Co. The company has executed a mortgage to the Central Trust Co. of New York,
trustee, to secure $4,000,000 of 50-yr. 4 p. c. gold bonds, with which to pay the purchase money of
the road and provide for betterments and equipment.
Directors. — Joseph Robinson, M. E. Ingalls, C. E. Schaff, John T. Dye, Joseph Wood, J. J.
Turner and Edward B. Taylor. OFFICERS: JOSEPH ROBINSON, Pres. & Treaa.; W. S. Parkhurst,
Sec. & Aud.; D. F. Mustard, Cashier, Anderson, Ind.; S. H. Church, Asst. Sec.. Pittsburgh, Pa.
GENERAL OFFICE, Muncie, Ind.
CHICAGO AND WABASH VAJLLEY BE.— Kankakee River to McCoysburg, Ind., 26
m. ; Gifford to Asphaltum, Ind., 4 m. — total, 30 miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 8j in.
Locomotives, 2. Cars — passenger, 1; freight (box, 7; flat, 9), 16; tank, 2 — total, 19. Char-
tered Sept. 10, 1898 ; road from Zadoc to Comer, 10 m., built in 1898 ; 15 m. additional built in
1900 ; completed as above in 1901. Connection is made at Zadoc with the Chicago and Eastern
Illinois RR., and at Kersey with the Indiana, Illinois and Iowa RR. The road is intended to serve
only an immediate local agricultural purpose and to ultimately become a section of a line to be
built from Chicago to Lafayette. Capital stock ($100 shares), $200,000. No bonded debt. This
road is under construction and the operations are included in construction account.
Directors. — Benj. J. Gifford, James E. Jones, H. M. Stone, Charles D. Henry, W. C. Snyder,
Kankakee, 111. (two vacancies). OFFICERS: BENJ. J. GIFFORD, Pres.; James E. Jones, Sec. &
Treas.; E. E. Lewis, Supt., Kankakee, 111. GENERAL OFFICE, Kankakee, 111.
CHICAGO, CINCINNATI AND LOUISVILLE BB. — Projected : Cincinnati, O., to Chi-
cago, 111., 282 miles. Completed to July 1, 1903 : Ohio State Line to Beatrice, Ind., 207 miles. In
operation, July 1, 1903 : Cottage Grove to Beatrice, Ind., 195 miles. The entire line, Cincinnati,
O., to Chicago, 111., is expected to be completed about Nov. 1, 1903. Sidings, 25 miles. Gauge, 4 ft.
8J in. Rail (steel), 70 and 85 Ibs. Locomotives, 35. Cars — passenger, 23; baggage, 2; freight
(box, 260; flat, 75), 335; service, 42 — total, 402. Contracts have been let for 27 locomotives and
200 box cars. Consolidation, June 1, 1903, of the Cincinnati, Richmond and Muncie RR. and The
Cincinnati and Indiana Western RR. Co. The Cincinnati, Richmond and Muncie RR. was formed
May 30, 1902, by the consolidation of a company of the same name (chartered March 23, 1900, and
built the line from Ohio State Line to North Judson, Ind., 180.4 miles, which was completed through-
out in 1902) with the Chicago and Cincinnati RR. (chartered Jan. 22, 1902, to build from
North Judson, Ind., to Chicago, 111.). The Cincinnati and Indiana Western RR. Co. was chartered
March 5, 1902, to build from Indiana State Line to Cincinnati, O., about 33 miles,
Financial Statement, July 1, 1903. — Capital stock authorized, $4,350,000, to be issued to take
up the capital stock of the constituent companies, of which there were outstanding on the date of
consolidation, $3,306,000 of the C., R. & M. RR. and $900,000 of the C. & I. W. RR. Co. The com-
pany will also issue 1st mtge. bonds to retire the outstanding bonds of the constituent companies as
follows :
$1,8O4,OOO 1st gold 5s of Cincinnati, Rich-
mond and Muncie RR., due Oct. 1, 1950, interest
April and Oct. at Old Colony Trust Co., Boston,
Mass. Secured by first mortgage on the line from
Ohio State Line to North Judson, Ind., 180.4
miles. The bonds are subject to redemption at
110 p. c. and accrued interest on any interest day
after Oct. 1, 1910.
$75O,OOO 1st gold 5s of Chicago and Cincinnati
RR., due Feb. 1, 1952, interest Feb. and Aug., at
Old Colony Trust Co., Boston, Mass. Secured on
the line from North Judson to Hammond, Ind., 40
miles.
$5OO,OOO 5 p. c. bonds of Hoosier Equipment
Co., dated July 1, 1902, due $50,000 each 1st of July
from 1903 to 1912, inclusive. Interest Jan. and
July at Boston Safe Deposit and Trust Co., Bos-
ton, Mass. Principal and interest guaranteed by
Cincinnati, Richmond and Muncie RR.
$9OO,OOO gen. gold 5s of Cincinnati, Richmond
and Muncie RR., dated Jan. 1, 1903, due Jan. 1,
1951, interest Jan. and July at American Loan
and Trust Co., Boston, Mass. Issued to meet the
cost of betterments and permanent improvements
to line from Ohio State Line to North Judson,
Ind. Secured on that line, but subject to the 1st
5s of Oct. 1, 1950. The bonds are subject to re-
demption at 110 p. c. and accrued interest on any
interest day after Oct. 1, 1910.
$(JOO,OOO 1st gold 5s of Cincinnati and Indiana
Western RR. Co., dated June 1, 1902, due June 1,
1952, interest June and Dec. at Old Colony Trust
Co., Boston, Mass. Secured on the line from
Indiana State Line to Cincinnati, O., 33 miles.
Directors. — W. A. Bradford, Jr., Roger N. Allen, Boston, Mass. ; Henry A. Christy, Sanger
Brown, Chicago, 111. ; John A. S. Graves, Richmond, Ind. ; H. D. Peck, Frank H. Shaffer, Cincinnati,
O. OFFICERS : W. A. BRADFORD, JR., Pres., Boston, Mass. ; Henry A. Christy, Vicc-Pres., Chicago,
111.; Roger N. Allen, Sec. & Treas., Boston, Mass.; John A. S. Graves, Asst. Sec. £ Asst. Treas.;
W. I. Allen, Gen. Mgr.; J. F. Shepherd, Aud., Richmond, Ind. GENERAL OFFICE, Richmond, Ind.
CHICAGO, INDIANA AND EASTEBN BY. — Projected : Converse to Richmond. Ind.,
83 miles. Completed up to July 1, 1902 : Converse io Muncie, Ind., 43 miles. Gauge, 4 ft. 8J in.
Rail (steel), 60 Ibs. Chartered March 8, 1893; road opened to Muncie, Dec. 28, 1900. Under con-
struction from Muncie to .Richmond. Locomotives, 9. Cars — passenger, 5 ; baggage, etc., 3 ;
freight, 25 ; caboose, 2 — total, 35.
Operations, year ending June 30, 1902. — Earnings (passenger, $40,521; freight, $63,888;
other, $436), $104,845. Operating expenses, $60,584. Net earnings, $44,261. Total deductions
from income, $53,586. Deficit for year, $9,325.
Financial Statement, Jan. 1, 1903. — Capital stock paid in ($100 shares), $1,000,000. Funded
debt outstanding, $500,000 ($1,000,000 auth.) 1st gold 5s of May 1, 1942, subject to call for sinking
POOR'S MANUAL OF RAILROADS. 447
fund at 115 p. c. and accrued interest. The rest of the bonds are held by the trustee, to be issued
only for new road. Estimated cost of road to completion, $1,645,000.
Directors. — Paul Brown, H. E. Drew, Martin A. Devitt, John H. Miller, Clarence Knlghi,
Chicago, 111. OFFICERS: PAUL BROWN, Pres.; H. E. Drew, Vice-Pres. & Gen. Mgr.; John H. Mil-
ler, Sec. & Treas., Chicago, 111. GENERAL, OFFICE, Matthews, Ind.
CHICAGO, KALAMAZOO AND SAGHNAW BY.— Pavilion, Mich., to Woodbury, Mich.,
55.30 m. ; sidings, etc., 9.15 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 and 60 Ibs. Chartered Dec.
10, 1887 ; road opened Kalamazoo to Woodbury, Sept. 1, 1889. Extension to Pavilion opened Dec.
1, 1901. Projected to Saginaw, 125 m. from Kalamazoo. Locomotives, 5. Cars — passenger, 3 ;
baggage, etc., 3; freight (box, 12; flat, 10), 22; service, 18 — total cars, 46.
Operations.— Not reported for year ending Dec. 31, 1902. For latest statement, see MANUAL
for 1902, page 418.
General Balance Sheet, Dec. 31, 1901 (latest rendered). — Capital stock, common ($2,000,000
auth. ; $100 shares), $675,000; preferred ($450,000 auth. ; $100 shares), $271,000; current
accounts, $98,336 ; taxes accrued, $2,121 ; profit and loss, $53,165 — total, $1,099,622. Contra :
Cost of road and equipment, $1,080,840 ; materials, $1,363 ; bills receivable, $650 ; current
accounts, $12,563 ; cash, $4,206 — total, $1,099,622.
Bond Issue. — On Dec. 1, 1895, the company executed a mortgage to the Union Trust Co.,
Detroit, Mich., as trustee, to secure an issue of $225,000 1st mtge. 6 p. c. 5-yr. $1,000 gold bonds,
due Dec. 1, 1900. All of the bonds were in the treasury of the company at the date of the above
statement, none of them having been sold, and it was intended to have them cancelled and the mort-
gage discharged at an early date.
Directors.— E. Woodbury, James H. Dewing, H. F. Badger, B. A. Bush, W. S. Dewing,
Charles A. Dewing, Kalamazoo, Mich. ; Alfred E. Watson, Hartford, Vt. OFFICERS : E. WOODBURY,
Pres.; James H. Dewing, Vice-Pres. & Gen. Mgr.; H. C. Potter, Sec. & Treas., Kalamazoo, Mich.
GENERAL OFFICE, Kalamazoo, Mich.
CHICAGO UNION TBANSFEB BY. CO.— Yard tracks, 100 miles. Rail (steel), 75
Ibs. Chartered Oct. 31, 1888. The company also owns 1,246.5 acres of land. This property is
operated by the Chicago Transfer and Clearing Co. (incorporated) of 355 Dearborn St., Chicago,
111. Capital stock ($1,000,000 preferred, $1,000,000 common; $100 shares), $2,000,000.
Directors (elected Oct. 7, 1902). — H. H. Porter, C. W. Hillard, E. W. Winter, New York,
N. Y. ; J. T. Harahan, A. J. Barling, E. P. Ripley, M. J. Carpenter, H. H. Porter, Jr., W. H.
Lyford, Ralph Isham, Chicago, 111. ; A. B. Stickney, St. Paul, Minn. OFFICERS : H. H. PORTER,
JR., Pres.; M. J. Carpenter, Vice-Pres. ; Ralph Isham, Sec. & Treas.; James A. Lozier, Aud.,
Chicago, 111. GENERAL OFFICE, Tribune Building, Chicago, 111.
CHIPPEWA VALLEY AND NOBTHEBN BY.— Completed up to July 1, 1903 : Brice,
Wis., to Spur Five, 10 m. ; total track (steel; 60 Ibs.), 12 miles. Gauge, 4 ft. 8J in. Loco-
motive, 1 ; logging cars, 12. Extensions are projected from Spur Five to Hayward, Wis., 36
miles, and from Spur Five to Weizor, 2 miles. The road is operated in connection with the
lumber business of the Arpin Hardwood Lumber Co., of Atlanta, Wis. Capital stock paid in
($150,000 auth. ; $100 shares), $54,000; due Arpin Hardwood Lumber Co., $24,555 — total, repre-
senting cost of road, $78,555.
Directors. — D. F. Arpin, B. Arpin, Grand Rapids, Wis. ; F. Z. Arpin, A. L. Arpin, Atlanta,
Wis. OFFICERS : D. F. ARPIN, Pres., Grand Rapids, Wis. ; F. Z. Arpin, Vice-Pres. ; Atlanta, Wis. ;
B. Arpin, Sec. & Treas., Grand Rapids, Wis.; A. L. Arpin, Supt.; L. E. Kundson, Purch. Agt.,
Atlanta, Wis. GENERAL OFFICE, Grand Rapids, Wis.
CINCINNATI AND WESTWOOD BB. — Cincinnati (Brighton) to Westwood, O.f 5.63m.;
total track (steel; 60 Ibs.), 6.63 miles. Gauge, 4 ft. 8J in. Successor, after foreclosure sale, May
30, 1887, to a company of the same name. (See MANUAL for 1894, page 134.) Locomotive, 1. Cars
(freight flat), 6.
Operations, year ending June 30, 1902. — Earnings (freight), $4.184. Operating expenses,
$7 155. Loss on operation, $2,971. Deductions : Interest on bonds, $6,000 ; taxes, $1,026 ; rentals,
$1 471 — total, $8,497. Deficit, $11,468 ; deficit forward, $119,455 — total, $130,923.
General Balance Sheet, June 30, 1902. — Capital stock ($200,000 auth.; $50 shares), $195,-
000; funded debt (1st 6s of Aug. 1, 1916), $100,000; bills payable, $61,420; interest accrued,
$59,940 — total, $416,360. Contra : Cost of road and equipment, $210,345 ; real estate, $12,324 ;
coupons of 1876 bonds (exchanged for stock), $55,000 ; cash and current assets, $7,768 ; profit and
loss, $130,923 — total, $416,360.
Directors (elected Aug., 1902). — J. N. Gamble, A. D. Shockley, J. W. Brown, D. B. Gamble
Alex. Procter, A. K. Nippert, N. G. Hildreth, Cincinnati, O. OFFICERS : J. N. GAMBLE, Pres.; A. K.
Nippert, Vice-Pres.; A. D. Shockley, Treas.; N. G. Hildreth, Sec., Cincinnati, O. GENERAL OFFICE,
Union Trust Building, Cincinnati, O.
COPPEB BANGE BB. — Houghton to Range June., Mich., 41.11 m. ; Mill Mine June, to
Painesdale, 4.32 m. ; Mill Mine June, to Freda, 11.35 m. ; Greenland June, to Greenland, 2.69 m. ;
Edgemere June, to Edgemere, 0.75 m. — total, 60.22 m. ; total track (steel; 75 Ibs.), 75.19 miles.
Gauge, 4 ft. 8i in. Chartered Jan. 22, 1899 ; road opened Dec. 27, 1899 ; Mill Mine June, to Paines-
dale, Jan. 6, 1901 ; other branches opened during 1902. Locomotives, 11. Cars — passenger, 7 ;
baggage, etc., 2; freight (box, 19; flat, 100: rock, 98), 217 — total, 226.
Operations, year ending June 30, 1902. — Trains run (passenger, 46,709; mixed, 81,204).
127,913 miles. Passengers carried, 121,646 ; carried one mile, 1,609,754. Tons freight moved,
278,879; ton-miles, 3,706,169. Earnings (passenger, $59,834; freight, $138,849; other, $9,129),
$207,812. Operating expenses, $131,636. Net earnings, $78,176. Payments : Interest on bonds.
$62,875; taxes, $3,595 — total, $66,470. Surplus, $9,706; surplus forward ($31,461, less deduc-
tions during. year, $19,232), $12,229 — total, $21,935.
General Balance Sheet, June 30, 1902. — Capital stock ($5,000,000 auth.; $100 shares),
$2,605,100; funded debt (1st 5s of Oct. 1, 1949), $1,410,000; current liabilities, $161,679; inter-
est accrued, $17,875 — total, $4,194,654. Contra : Cost of road and equipment, $4,084,378 ;
materials, etc., $25,602 ; cash and current assets, $62,739 ; profit and loss, $21,935 — total,
$4,194,654.
Directors (elected June 17, 1903). — William A. Paine, Frederic Stanwood, Boston, Mass. ;
James H. Seager, Hancock, Mich. ; Rufus R. Goodell, John H. Rice, R. T. McKeever, Houghton,
Mich. ; Samuel L. Smith, Cameron Currie, Detroit, Mich. ; Frank McM. Stanton, Atlantic Mine,
Mich. OFFICERS : WILLIAM A. PAINE, Pres., Boston, Mass. ; J. H. Seager, Vice-Pres., Hancock,
448 POOR'S MANUAL OP RAILROADS — CENTRAL NORTHERN GROUP.
Mich.; Frederic Stanwood, Sec. & Trees., Boston, Mass.; E. H. Wright, Aud.; R. T. McKeever,
Gen. Mgr., Houghton. Mich. GENERAL OFFICE, Hougbton, Mich.
CRAWFORD AND MANISTEE RIVER RY.— Manistee River, Mich., to Forest termi-
nus. 10 m. ; total track (steel ; 25 and 30 Ibs.), 13 miles. Gauge, 3 ft. Chartered Sept. 28, 1885;
road opened Oct. 11, 1885. Locomotive, 1. Cars — freight (logging), 41; other, 2 — total, 43.
Operations, year ending Dec. 31, 1902. — Trains run (freight), 12,765 miles. Tons freight
moved, 51,920; ton-miles, 519,200. Earnings (freight), $15,024. Operating expenses, $14,864.
Surplus, $160. Surplus forward, $7,185 — total, $7,345.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $50,000; profit and
loss, $7,345 — total, $57,345, representing cost of road and equipment.
Directors (elected Dec. 1, 1902). — James Dempsey, L. F. Dempsey, William Wente, Allen
McKee, Manistee, Mich. ; Antoine E. Cartier, Ludington, Mich. OFFICERS : ANTOINE E. CARTIER,
Pres.f Ludington, Mich.; James Dempsey, Vice-Pres. ; William Wente, Sec.; Lawrence F. Demp-
sey, Treas., Manistee, Mich. ; N. Dowen, Gen. Supt., Dowen, Mich. GENERAL OFFICE, Manistee,
Mich.
DAYTON, LEBANON AND CINCINNATI RR. — Lebanon June, to Lebanon, O., 23.6
m. ; sidings, 0.5 mile. Rail (steel, 23 m.), 60 Ibs. Gauge, 4 ft. 8J ia. Chartered Jan. 29, 1899;
road opened Jan. 1, 1893. Locomotives, 2. Cars — passenger, 2; freight (box, 6; flat, 25; stock,
10; coal, 6; gondola, 20), 67 — total, 69.
Extension of Road and Additional Equipment. — On June 30, 1903, the road was In
operation from Dayton to Lebanon, O., 29.5 miles; total track (steel; 60 and 70 Ibs.), 34.5 miles.
Locomotives, 5. Cars — passenger, 2; freight (box, 6; flat, 25; stock, 10; coal, 36; gondola, 40),
117 — total, 119.
Operations, year ending June 30, 1902. — Trains run (passenger, 13,990; freight, 4,815;
mixed, 14,604), 33,409 miles. Passengers carried, 10,067 ; carried one mile, 158,498. Tens freight
moved, 70,538; ton-miles, 836,957. Earnings (passenger, $3,838; freight, $17,715; other, $751),
$22,304. Operating expenses, $22,695 ; taxes, $467 — total, $23,162. Deficit, $858 ; deficit for-
ward, $19,280 — total, $20,138.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $2,000,000; current
liabilities, $100,291 — total, $2,100,291. Contra: Cost of road and equipment, $349,210; current
assets, $1,730,943 ; profit and loss, $20,138 — total, $2,100,291.
New Stock and Bonds Issued. — In Sept., 1901, the capital stock was increased to $2,000,-
000, and there were issued $1,000,000 ($2,000,000 auth.) 1st mtge. 5 p. c. 20-yr. gold bonds, due
Sept. 1, 1921, but subject to redemption (and cancellation) at 110 p. c. and accrued interest at any
time after Sept. 1, 1906. There is provision for a sinking fund of 5 p. c. of gross earnings in the
years 1907 to 1919, inclusive, to be invested in the bonds at the price of 110 p. c. and accrued inter-
est, bonds to be drawn if not obtainable in the open market, and to be held alive in the sinking fund,
but stamped " not negotiable." The proceeds of the additional stock and of the new bonds are to be
used in extending the road to Cincinnati, in improving the terminal property in Dayton (which con-
sists of 45 acres adjoining the present Union Station) and equipping the road for operation by elec-
tricity, as well as steam, as a motive power.
Directors. — A. E. Appleyard, Geo. B. Appleton, H. D. Montgomery, Boston, Mass. ; C. A.
Alderman, R. Emory, W. R. Pomerene, Columbus, O. ; Frank Brandon, Lebanon, O. ; J. B. Williams,
Springfield O. OFFICERS : A. E. APPLEYARD, Pres., Boston, Mass. ; C. A. Alderman, Vice-Pres.,
Columbus, O. ; Geo. B. Appleton, Treas., Boston, Mass. ; Frank Brandon, Sec., Lebanon, O. GENERAL
OFFICE, Dayton, O.
DETROIT AND CBLARLEVOIX RR. — Frederick to South Arm, Mich., 43.5 m. ; Blue
Lake June, to Blue Lake, Mich., 8 m. — total, 51.5 m. ; total track (steel ; 60 Ibs.), 55 miles. Gauge,
4 ft. 8i in. Chartered Jan. 2, 1901 ; road opened Sept. 15, 1901. Locomotives, 4. Cars — passenger,
2 ; freight (flat, 19 ; logging, 59), 78 — total, 80. Also 2 snow plows.
Operations, period ending June 30, 1902. — Trains run (mixed), 22,010 miles. Passengers
carried, 7,188 ; carried one mile, 159,103. Tons freight moved, 90,707 ; ton-miles, 2,929,366.
Earnings (passenger, $3,978; freight, $28,327; other, $179 j, $32,484. Operating expenses, $35,-
693. Deficit from operations, $3,209.
General Balance Sheet, June 30, 1902. — Capital stock ($525,000 auth. ; $100 shares), $473,-
100 ; current liabilities, $14,185 — total, $487,285. Contra : Cost of road and equipment, $400,000 ;
other investments, $77,038 ; materials, etc., $3,345 ; cash and current assets, $3,823 ; profit and
loss, $3,079 — total, $487,285.
Directors. — Willis C. Ward, Elizabeth Ward, Orchard Lake, Mich. ; Franklin B. Ward, Bay
City, Mich. ; Geo. K. Root, Deward, Mich. ; Henry C. Ward, Pontiac, Mich. OFFICERS : WILLIS C.
WARD, Pres. & Treas., Orchard Lake, Mich. ; Franklin B. Ward, Vice-Pres., Bay City, Mich. ; Geo.
K. Root, Sec.; Clark Haire, Gen. Mgr., Deward, Mich. GENERAL OFFICE, Deward, Mich.
DETROIT UNION RR. DEPOT AND STATION CO. (THE).— Organized to supply
station and depot accommodations at Detroit to railroads requiring them. The company's property
consists of station grounds, about 40 acres, in the city of Detroit, and a railroad through the suburbs
of the city about 3.33 miles in length. Terminal facilities are leased in perpetuity to the Wabash
RR. Co. and the Pere Marquette RR. Co.
Income Account, year ending Dec. 31, 1902. — Gross earnings, $115,433. Expenses, $21,530.
Net income, $93,903. Deductions: Appropriation for contingent lund, $2,000; dividends (4 p. c.),
$90,000 — total, $92,000. Balance to credit of profit and loss, $1,903 ; balance forward (amount at
credit Jan. 1, 1902, $42,241 ; less construction items paid from earnings during the year and trans-
ferred to surplus account, $300), $41,941 — total at credit, Dec. 31, 1902, $43,844. The balance in
surplus on Jan. 1, 1902, was $119,669 ; add construction items paid from earnings during the year
and transferred to surplus account, $300 — total surplus, $119,969.
General Balance Sheet, Dec. 31, 1902. — Capital stock naid in ($2,500,000 auth.; $100
shares), $2,250,000; surplus, $119,969; accounts payable, $902; contingent liabilities, $7,000;
profit and loss, $43,844 — total, $2,421,715. Contra : Construction, $2,369,969 ; bills receivable,
$22,000 ; accounts receivable, $2,380 ; cash, $27,366 — total, $2,421,715.
Directors. — James McMillan, Allan Shelden, James Joy, Wm. C. McMillan, Richard P. Joy,
Truman H. Newberry, Theodore D. Buhl, Henry B. Joy. OFFICERS : HENRY B. JOY, Pres. & Treas. ;
James Joy, Vice-Pres. ; James G. Miller, Sec., Detroit, Mich. GENERAL OFFICE, Newberry Building,
Detroit, Mich.
DETROIT AND TOLEDO SHORE LINE RY. — Toledo, O., to Detroit, Mich., 49.6 m. ; 2d
track, 18.5 m. ; total track (steel; 80 Ibs.), 70 miles. Gauge, 4 ft. 8J in. Locomotives, 2; freight
POOR'S MANUAL OP RAILROADS. 449
cars, 30. Chartered in 1899 ; road opened throughout on June 1, 1903. Owned Jointly by the Grand
Trunk Western Ry. Co. and the Toledo, St. Louis and Western RR. Co.
Financial Statement, June 30, 1903. — Capital stock ($30,000 per mile auth. ; $100 shares)
$1,428,000 ; funded debt (1st gold 50-yr. 4s of Jan. 1, 1953 ; $3,000,000 auth.), $1,900,000 — total,
representing cost of property, $3,328,000. The stock is owned by the Grand Trunk Western Ry. Co.
and the Toledo, St. Louis and Western RR. Co., each one-half. The bonds, both principal and inter-
est, are guaranteed, jointly and severally, by the same companies. The bonds outstanding were
issued to pay part of the purchase price of the railroad ; the unissued bonds are reserved for exten-
sions and betterments. Trustee : Mercantile Trust Co., New York, N. Y.
Directors. — Chas. M. Hays, P. W. Morse, Montreal, Que. ; Benjamin Norton, Clarence
Brown, Toledo, O. ; James L. Frazier, Frankfort, Ind. ; A. B. Atwater, Detroit, Mich. OFFICERS :
CHAS. M. HAYS, Pres., Montreal, Que. ; Guy M. Walker, Vice-Pres., New York, N. Y. GENERAL
OFFICE, Detroit, Mich.
DRUMMOND AND SOUTHWESTERN BY.— Drummond, Wis., to Sec. 9, Town 44,
Range 8 W., 9.25 m. ; Sec. 11, Town 44 to Sec. 26, Town 43, Range 8 W., 9.22 m. ; Sec. 32-45-7 to
Sec. 35-45-8, 3.25 m. — total, 21.72 m. ; total track (steel ; 56 Ibs.), 31.72 miles. Gauge, 4 ft. 81 in.
Chartered Aug. 3, 1891; opened as above, Dec., 1897. Locomotives, 3. Cars (flat, 3; logging, 75;
caboose, 1), 79.
Operations, year ending June 30, 1902. — Earnings (freight), $18.266. Operating expenses,
$17,140. Net earnings, $1,126. Paid interest on bonds, $3,000. Deficit, $1,874; deficit forward,
$2,882 — total, $4,755.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $10,000; funded debt
(1st 6s of Nov. 2, 1921), $50,000; current liabilities, $115,322 — total, $175,332. Contra: Cost of
road and equipment, $170,281; materials, etc., $295; profit and loss, $4,756 — total, $175,332.
Directors. — F. W. Gilchrist, Alpena, Mich. ; John S. Owen, A. J. Rust, W. A. Rust, Eau Claire,
Wis. ; Frank H. Drummond, Drummond, Wis. OFFICERS : PRANK W. GILCHRIST, Pres., Alpena,
Mich. ; A. J. Rust, Vice-Pres., Eau Claire, Wis. ; Frank H. Drummond, Sec. & Treas., Drummond,
Wis. GENERAL OFFICE, Drummond, Wis.
DUNBAR AND WAUSAUKEE RY. — Girard June, to a point 4 miles northwest of Dun-
bar, Wis., 17.5 miles. Gauge, 4 ft. 8| in. Rail (steel), 56 Ibs. Organized March 13, 1882; road
built in 1894. A logging road owned by the Girard Lumber Co. Locomotives, 3. Cars — passenger,
1; freight (flat), 20; other, 70 — total, 91. The company has no indebtedness. Cost of road to
June 30, 1902, $131,503.
Operations, year ending June 30, 1902. — Earnings (passenger, $992; freight, $21,756),
$22,748. Operating expenses, $6,037. Net earnings, $16,711.
Directors. — W. C. Culbertson, Girard, Pa. ; J. W. Wells, J. A. Culbertson, Menominee, Mich.
OFFICERS: W. C. CULBERTSON, Pres., Girard, Pa.; J. W. Wells, Vice-Pres.; J. A. Culbertson, Sec.
& Treas., Menominee, Mich. ; W. R. Godshall, Aud. ; J. L. Wells, Gen. Supt., Dunbar, Wis. GENERAL
OFFICE, Menominee, Mich.
EAST JORDAN AND SOUTHERN RR.— East Jordan to Bellaire, Mich., 19.2 m. ; total
track (steel ; 40 and 60 Ibs), 27.2 miles. Gauge, 4 ft. 81 in. Chartered July 9, 1901 ; road opened
Oct. 1, 1901. Locomotives, 4. Cars — passenger, 2; combination, 1; freight (box, 2; flat, 7; log-
ging, 112), 121; service, 2 — total, 126.
Operations, year ending Sept. 30,1902. — Trains run (passenger, 17,416; freight, 10,296),
27,71- miles. Earnings (passenger, $4,585 ; freight, $42,740 ; other, $722), $48,047. Operating
expen es and taxes, $33,386. Net earnings as surplus, $14,661.
G meral Balance Sheet, Sept. 30, 1902. — Capital stock ($250,000 auth.; $100 shares),
$12,500 ; current liabilities, $10 ; East Jordan Lumber Co. for construction. $172,473 ; profit and
loss, $14,661 — total, $199,644. Contra: Cost of road and equipment, $195,485; materials, etc.,
$1,32? cash and current assets, $2,834 — total, $199,644.
T> rectors. — C. L. Ames, Chicago, 111. ; W. P. Porter, A. H. Frost, G. G. Brown, G. H. Frost,
East Jordan, M>ch. OFFICERS: W. P. PORTER, Pres. & Gen. Mgr.; C. L. Arnes, Vice-Pres.; A. H.
Frost, Treas. & Sec.; G. G. Brown, Aud.; E. J. Grossman, Traf. Mgr., East Jordan, Mich. GENERAL
OFFICI,, East Jordan, Mich.
EAST 3T. LOUIS CONNECTING RY.— Trendly Ave. to Winters Ave., East St. Louis, 111..
1.15 m. ; sidings, etc., 34.72 miles. Gauge, 4 ft. 8* in. Rail (steel, 35.87 m.), 50 to 75 Ibs. Char-
tered De«. 26, 1877 ; opened Oct. 28, 1879. Locomotives, 10. Service cars, 2.
Opeiations. year ending June 30, 1902. — Earnings (switching), $282,550. Operating expenses,
$197,774. Net earnings, $84,776. Payments: Interest on debt, $14,173 ; taxes, $2,448 ; rental for
right of way, $67,709 — total, $84,330. Surplus, $44S; surplus forward, $160,456 — total, $160,902.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $20,000; current lia-
bilities, $297,412 ; profit and loss, $160,902 — total, $478,314, representing cost of road and
equipment.
Directors. — W. K. Kavanaugh, E. B. Pryor, C. H. Beggs, C. A. Goodnow, H. W. Cox, H. D.
Sexton, and Henry Sackman. OFFICERS : W. K. KAVANAUGH, Pres.; E. B. Pryor, Vice-Pres.; 3. E.
Gathright, Sec. & Treas., St. Louis, Mo.
ESCANABA AND LAKE SUPERIOR RR. — Wells, Mich., to Channing, Mich., 63.05 m. ;
White to Camp 31, 5.41 m. ; Northland to Kates, 18 m. — total, 86.46 m. ; total track (steel ; 40, 50,
and 60 Ibs), 109 miles. Gauge, 4 ft. 81 In. Chartered as E. & L. S. Ry. Co., Nov. 17, 1898; road
from Escanaba to Watson, and 10 miles of branches, in all 41 miles, opened Jan. 1, 1900 ; extension
from Watson to Channing, and about 7 miles of branch line, completed in November, 1900. Reor-
ganized under present title in March, 1901. Connection is made at Channing with the Chicago, Mil-
waukee and St. Paul Ry., and a contract has been made under which the C., M. & St. P. Ry. Co. has
the right for twenty years to use this line from Channing to Escanaba. Locomotives, 6. Cars — pas-
senger, 3; freight and other. 170 — total, 173. Capital stock ($100 shares), $693,000.
Operations, year ending June 30, 1902. — Earnings (passenger, $18,642; freight. $120,351;
other, $51,279), $190,272. Operating expenses, $106,741. Net earnings, $84,531. Total deduc-
tions, $3,147. Surplus for year, $81,384.
Directors. — Isaac Stephenson, H. J. Brown, Marinette, Wis. ; H. A. J. Upham, Milwaukee,
Wis. ; J. W. Wells, Geo. P. Eisman, Menominee, Mich. OFFICERS : ISAAC STEPHENSON, Pres. ; H.
J. Brown, Vice-Pres., Marinette, Wis. ; J. W. Wells, Gen. Mgr., Menominee, Mich. ; H. A. J. Upham,
Sec. & Treas., Milwaukee, Wis. ; W. E. Wells, Gen. Supt., Wells, Mich. GENERAL OFFICE, Wells, Mich.
EVANS VILLE SUBURBAN AND NEWBURGH RY.— Evansville to Newburgh,
Ind., 10 m. ; total track, 11.5 miles. Rail (steel), 40 Ibs. Gauge, 4 ft. 81 In. Chartered Dec. 16,
450
POOR S MANUAL OF RAILROADS CENTRAL NORTHERN GROUP.
1887; road opened as above June 1, 1889. Locomotives, 3. Cars. — passenger, 12 ; freight (box, 2 ;
coal, 26), 28— total, 40.
Operations, year ending June 30, 1902. — Trains run (passenger, 30,000; mixed, 7,000; other,
1,000), 38,000 miles. Passengers carried, 97,737 ; carried one mile, 977,370. Tons freight moved,
17,230; ton-miles, 172,300. Earnings (passenger, $11,285 ; freight, $7,281 ; other, $465), $19,031
Operating expenses, $12,675. Net earnings, $6,356 ; other receipts, $225 — total, $0,581. Payments :
Interest on floating debt, $674 ; taxes, $1,008 ; other charges, $792 — total, $2,474. Surplus, $4,107.
General Balance Sheet, June 30, 1902. — Capital stock ($60,000 auth. ; $100 snares), $51,-
800; current liabilities, $11,500 — total, $63,300. Contra: Cost of road and equipment, $150,000;
real estate, $7,200 — total, $157,200.
Directors (elected July 7, 1902). — F. W. Cook, Geo. A. Cunningham, Lee Howell, Chas. W.
Cook, Jos. B. Cox, Gus Muhlhausen, Evansville, Ind. ; C. F. Hopkins, Newburgh, Ind. OFFICERS :
F. W. COOK, Pres.; Lee Howell, Vice-Pres. & Treas.; Gus Muhlhausen, Sec. & Gen. If.gr. t Evans-
ville, Ind. GENERAL OFFICE, Evansville, Ind.
FAIRCHILD AND NORTHEASTERN RY. — Fairchild to a point 3 m. northeast of
Shilling, Wis., 33 m. ; total track, 35 miles. Gauge, 5 ft. 8J in. Reorganization, July 7, 1898, of
the Chicago, Fairchild and Eau Claire River RR. (See MANUAL for 1896, page 158.) The road is
owned by the N. C. Foster Lumber Co. The extension from Greenwood to Shilling, Wis., 4.2 m.,
was completed in Dec., 1898 ; from Shilling to a point northeast, 3 m., was completed Nov. 15, 1899.
Locomotives, 4. Cars — passenger, 2; freight (box, 4; flat, 60), 64; other, 5 — total, 71. All funds
collected are turned over to the N. C. Foster Lumber Co., owner. Cost of road, $207,865 ; rolling
stock, $28,029 — total, $235,894. Capital stock authorized, $25,000.
Operations, year ending June 30, 1902. — Passengers carried, 4,061 ; carried one mile, 75,949.
Tons freight moved, 78,362; ton-miles, 833,905. Earnings (passenger, $3,581; freight, $33,532),
$37,113. Operating expenses, $18,940. Net earnings, $18,173.
Directors. — Not reported. OFFICERS: N. C. FOSTER, Pres. ; E. J. Foster, Vice-Pres.; G. A.
Foster, Treas. & Sec.; C. M. Sherwood, Traffic Mgr. & Aud.; Willard Foster, Gen. Supt., Fairchlld,
Wls. GENERAL OFFICE, Fairchild, Wis.
FULTON COUNTY NARROW GAUGE RY,— Havana, 111., to Fairview, 111., 31 m. :
Fulton County Extension Ry. (leased), 30 m. — total, 61 m. ; total track, 63.40 miles. Gauge, 3 ft.
Rail — iron, 35 Ibs. ; steel (22.21 m.), 56 and 60 Ibs. Chartered Aug. 13, 1878; road opened Nov.
1, 1880 ; extension, Aug. 20, 1882. The Fulton County Extension Ry. is leased for 30 p. c. of gross
earnings. Locomotives, 4. Cars — passenger, 4; baggage, etc., 1; freight (box, 41; stock, 25;
flat, 18; coal, 75), 159; service, 8 — total cars, 172.
Operations, year ending June 30, 1902. — Trains run (passenger, 39,602; mixed, 39,248),
78,850 miles. Passengers carried, 40,474 ; carried one mile, 633,100. Tons freight moved, 37,918 ;
ton-miles, 1,118,027. Earnings (passenger, $17,621; freight, $26,963; other, $7,474), $52,058.
Operating expenses, $50,001. Net earnings, $2,057. Payments : Interest on bonds, $33,880 ; taxes,
$2,830 ; other charges, $8 — total, $36,718. Deficit, $34,661 ; deficit forward, $662,593 — total,
$697,254.
General Balance Sheet, June 30, 1902. — Capital stock (F. C. N. G. Ry., $375,894; F. C. E.
Ry., $260,900), $636,794; funded debt, $484,000; interest accrued, $707,698; current accounts,
balance, $1,091 — total, $1,829,583. Contra: Cost of road and equipment. $1,121,510; income ac-
count, $1,177 ; materials, etc., $3,218 ; cash on hand, $6,424 ; profit and loss, $697,254 — total.
$1,829,583.
The authorized capital stock of the F. C. N. G. Ry. is $500,000, in $25 shares ; and of the F. C.
E. Ry., $1,000,000, in $100 shares.
Funded debt, June 30, 1902, consisted of $171,000 ($500,000 auth.) 1st F. C. N. G. Ry. 7s of
Nov. 1, 1910, and $313,000 ($1,000,000 auth.) 1st F. C. E. Ry. 7s of July 1, 1912.
RAILROAD LEASED BY THE FULTON COUNTY NARROW-GAUGE RY. Co.
Fulton County Extension Ry. — Fairview
to Galesburg, 111., 30 m. ; total track, 31.91 miles.
Chartered Feb., 1881 : road opened July, 1882.
Leased for 30 years, from June, 1882, to the Fulton
County Narrow Gauge RR. Co., the rental be-
ing 30 p. c. of gross earnings.
Financial statement included in that of Fulton
Co. N. G. Ry. Co.
S. H. Mallory, Pres. ; F R. Crocker, Treas.,
Chariton, la. ; J. A. Westblade, Sec., Lewis-
town, 111. Office, Lewlstown, 111.
Directors (F. C. N. G. Ry. Co.). — W. G. Sharretts, H. M. Waggoner. J. A. Westblade, Lewis-
town, 111.; S. H. Mallory, Chariton, la.; Allan Mallory, Creston, la. OFFICERS: S. H. MALLOR*.
Pres. & Gen. Mgr.; W. G. Sharretts, Vice-Pres., Lewistown, 111.; F. R. Crocker, Treas., Chariton,
la. ; J. A. Westblade, Sec., Lewistown. 111. GENERAL OFFICE, Lewistown, 111.
HAWTHORNE, NEBAGAMON AND SUPERIOR RR.— Hawthorne to Nebagamon.
Wis. ; 7.35 m. ; various branches, 17.65 m. ; total, 25 m. ; total track (steel), 27 miles. Gauge, 4 ft.
8i in. Rail, 55 Ibs. Chartered Aug. 4, 1898 ; road opened Jan. 1, 1899. Owned by the Ne-
bagamon Lumber Co. Locomotives, 7. Cars — freight (box, 2 ; log, 151), 153 ; caboose, 2 ; total, 155.
Operations, year ending June 30, 1902. — Trains run (freight, 23,400; mixed, 9,600; other,
6,864), 39,864 miles. Passengers carried, 838; carried one mile, 20,950. Tons freight moved,
293,750; ton-miles, 7,343,750. Earnings (passenger, $209; freight. $52,119; other, $1,391),
$53,719. Operating expenses, $34,777. Net earnings, $18,942. Paid taxes, $387. Surplus, $18,-
555 ; surplus forward, $22,596 — total, $40,851.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $50,000; current lia-
bilities, $18,143 ; profit and loss, $40,851 — total, $108,994, representing cost of road and equip-
ment.
Directors. — E. Rutledge, E. L. Ainsworth, Chippewa Falls, Wis. ; F. Weyerhauser, St. Paul,
Minn. ; J. P. Weyerhauser, Lake Nebagamon, Wis. OFFICERS : E. RUTIEDGE, Pres., Chippewa Falls,
Wis. ; F. Weyerhauser, Vice-Pres., St. Paul, Minn. ; E. L. Ainsworth, Sec. and Treas., Chippewa
Falls, Wis. ; William O'Neil, Supt., Lake Nebagamon, Wis. GENERAL OFFICE, Lake Nebagamon,
Wis.
HAZEIjHURST AND SOUTHEASTERN RY.— Hazelhurst to Tomahawk Lake, Wis.,
10 m. ; Austin to Newman Lake, Wis., 7 m. — total, 17 miles. Sidings, 1 mile. Gauge, 4 ft. 8J in.
Rail (steel), 50 Ibs. Chartered Jan. 30, 1896; road opened as above Oct. 25, 1896. Locomotives,
2. Cars — combination, 1 ; caboose, 1 ; other, 63 — total, 65.
Operations, year ending June 30, 1902. — Trains run (mixed), 18,000 miles. Passengers car-
ried, 1,778 ; carried one mile, 16,382. Tons freight moved, 140,895 ; ton-miles, 887,013. Earn-
'
POOR'S MANUAL OF RAILROADS. 451
ings (passenger, $786; freight, $20,970), $21,756. Operating expenses and taxes, $31,303.
Deficit for year, $9,547. Surplus forward, $11,586. Net surplus, $2,040.
General Balance Sheet, June 30, 1902. — Capital stock ($25 shares), $100,000; current lia-
bilities, $9,906; profit and loss, $2,040 — total, $111,946. Contra: Cost of road, $86,314; equip-
ment, $22,321 ; cash and current assets, $3,311 — total, $111,946.
Directors. — W. C. Yawkey, W. H. Yawkey, C. C. Yawkey, H. L. Tibbits, L. H. Wheeler, Hazel-
hurst, Wis. OFFICERS : W. C. Yawkey, Pres. ; C. C. Yawkey, Vice-Pres. & Gen. Mgr. ; L. H. Wheeler,
Sec. & Aud.; W. H. Yawkey, Treas., Hazelhurst, Wis. GENERAL OFFICE, Hazelhurst, Wis.
HECLA AND TORCH LAKE RR.— Calumet to Lake Linden, Mich., 6 m. ; Hecla to Calu-
met, Mich., 0.5 m. ; Hecla to South Hecla, Mich., 1 m. — total, 7.5 m. ; total track (steel, 10 m.),
14.91 miles. Rail, 40 to 70 Ibs. Gauge 4 ft. 1 in. Chartered March 8, 1868; opened in Oct., 1868.
Operated and wholly owned by the Calumet and Hecla Copper Mining Co., which pays any deficit
that may occur for the privilege of having its ore transported free. Locomotives, 13. Cars —
passenger, 1 ; freight (box, 4 ; flat, 80 ; coal, 57 ; ore, 639), 780 ; other, 70 — total, 851.
Operations, year ending Dec. 31, 1901. — Trains run (freight), 28,170 miles. Tons freight
moved, 1,309,803; ton-miles, 9,823,557. Earnings (freight), $153,229. Operating expenses and
taxes, $161,350. Deficit, $7,509.
General Balance Sheet, Dec. 31, 1901. — Capital stock, ($150,000 auth. ; $100 shares), $100,-
000 ; unfunded debt, $1,389,782 — total, $1,489,782. Contra : Cost of road, etc., $1,489,782.
Directors. — Alexander Agassiz, Cambridge, Mass.; Quincy A. Shaw, Jr., Boston, Mass.; James
Macnaughton, W. M. Gibson, Will A. Childs, Calumet, Mich. OFFICERS : ALEXANDER AGASSIZ,
Pres., Boston, Mass. ; James N. Cox, Sec. & Treas. ; James Macnaughton, Gen. Mgr., Calumet,
Mich. GENERAL OFFICE, Calumet, Mich.
ILLINOIS TERMINAL RR. — Alton to Hartford, 111., 6 m : leased, Wabash RR., Hart-
ford to Edwardsville June., 7.1 m. ; trackage, Wabash RR., Edwardsville June, to Edwardsville,
1.6 m. — total, 14.7 miles. Sidings, etc., 11.3 miles. Gauge, 4 ft. 8J in. Rail (steel), 70 Ibs.
Chartered July 6, 1895 ; road opened Feb. 22, 1896 ; extension Nov. 26, 1899. This road was
built for the purpose of supplying terminal facilities to the railroads entering the city of Alton, and
also for the purpose of developing the manufacturing interests of that city. Locomotives, 3. Cars —
passenger, 1; freight (coal), 100; service, 4 — total, 105.
Operations, year ending June 30, 1902. — Trains run (passenger, 21,900; mixed, 18,000),
39,900 miles. Passengers carried, 44,221 ; carried one mile, 530,493. Tons freight moved, 143,-
888; ton-miles, 1,726,656. Earnings (passenger, $9,522; freight, $47,580; other, $4,987), $62,089.
Operating expenses, $44,135. Net earnings, $17,954; other receipts, $1,717 — total, $19,671. Pay-
ments : Interest on bonds, $9,250 ; other interest, $19 ; taxes, $2,226 )• rentals, $4,667 — total,
$16,162. Surplus, '$3,509 ; deficit forward, $5,315 — net deficit, $1,806.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $200,000; funded
debt (1st 5s of 1921), $185,000 ;. current liabilities, $26,510 — total, $411,510. Contra: Cost of
road and equipment, $197,484 ; stock given with bonds, $200,000 ; cash and current assets, $12,220 ;
profit and loss, $1,806 — total, $411,510.
Directors.— W. E. Smith, C. Levis, R. H. Levis, H. H. Ferguson, Geo. M. Levis, Alton, 111.
OFFICERS : WILLIAM ELIOT SMITH, Pres. ; Geo. M. Levis, Vice-Pres. ; R. H. Levis, Treas. ; Chas.
Levis, Sec.; H. H. Ferguson, Gen. Mgr., Alton, 111. GENERAL OFFICE, Alton, 111.
ILLINOIS SOUTHERN RY. (THE).— Main Line: Salem to Chester, 111., 84.2 m. ;
branch, Sparta to Rosborough, 111., 5.0 m. — total owned, 89.2 miles. Trackage : Illinois Central RR.,
Centralia to Branch Junction, 111., 2.9 m. — total operated, 92.1 miles. Sidings (owned), 9.5 miles.
Gauge, 4 ft. 8i in. Rail (steel), 60, 70, and 75 Ibs. Successor, after foreclosure sale, May 16,
1900, to the Centralia and Chester RR. Co. (see MANUAL for 1899, page 373). The new company
assumed possession on June 1, 1900. Locomotives, 8. Cars — passenger, 3 ; baggage, etc., 3 ;
freight (box, 24; flat, 25; coal, 50), 99; service, 38 — total cars, 143.
Operations, year ending June 30, 1902. — Trains run (passenger, 130,353; freight, 72,373;
other, 35,209), 237,935 miles. Passengers carried, 74,706; carried one mile, 1,613,174. Tons
freight moved, 145,956; ton-miles, 5,000,143. Earnings (passenger, $35,394; freight, $90,334;
other, $9,405), $135,133. Operating expenses, $106,724. Net earnings, $28,409. Payments: In-
terest on bonds, $30,000 ; other interest, $2 ; taxes, $8,139 — .total, $38,141. Deficit for year, $9,-
732; deficit forward ($7,542; less unclaimed wages, 1901, $52), $7,490 — total, $17,222.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $2,000,000; funded
debt (1st 4s of Oct. 1, 1951; $2,000,000 auth.), $1,025,000 ; bills payable, $60,000 ; current liabilities,
$80,884; interest accrued, not due, $10,250; equipment notes, $3,050 — total, $3,179,184. Contra:
Cost of road and equipment, $2,997,074 ; materials, etc., $114,725 ; cash and current assets, $50,-
163 ; profit and loss, $17,222 — total, $3,179,184.
Directors. — J. R. Walsh, J. W. Walsh, C. F. Weinland, L. A. Walton, A. F. Hatch, Wm. Burry,
Chicago, 111. ; W. S. Ingraham, Bristol, Conn. OFFICERS : J. W. WALSH, Pres. ; M. Rosenfeld,
Vice-Pres.; A. F. Williams, Treas.; C. F. Weinland, Sec. & Aud., Chicago, 111. GENERAL OFFICE,
204 Dearborn St., Chicago, 111.
INDIANA NORTHERN RR. — South Bend, Ind., to Myler, Ind., and switch tracks, 2
miles. 70-lb. steel rail. Gauge, 4 ft. 8J in. Chartered April 9, 1891 ; road opened Sept. 1, 1891.
Operated as a belt line connecting the Lake Shore and Michigan Southern, the Chicago and Grand
Trunk, the Terre Haute and Logansport, the Michigan Central and the Indiana, Illinois and Iowa
Rys. with each other, and with various manufacturing plants at South Bend, Ind. Locomotives, 2.
Gross earnings, year ending June 30, 1902, $6,418. Operating expenses, $4,814. Net earnings,
$1,604. Capital stock ($100 shares), $20,000. No funded or other debt.
Directors (elected April 5, 1902). — James Oliver, Joseph D. Oliver, George Ford, A. G.
Oliver, J. O. Ford, South Bend, Ind. OFFICERS: JAMES OLIVLR, Pres.; Joseph D. Oliver, Gen. Mgr.,
Treas. & Purch. Agt.; George Ford, Sec.; M. M. Matthews, Traf. Mgr., South Bend, Ind. GENERAL
OFFICE, South Bend, Ind.
INDIANAPOLIS UNION RY.— Line owned, 0.93 m. ; line leased, (Belt RR.; see ap-
pended statement), 11.71 m. — total operated, 12.64 m. ; 2d track (owned, 0.93 m. ; leased, 9.39
m.), 10.32 m. ; sidings (owned, 3.08 m. ; leased, 7.52 m.), 10.60 miles. Gauge, 4 ft. 9 in. Rail
(steel), 70 and 85 Ibs. Established in 1850. The Belt RR. is leased for 999 years from Oct. 1,
1882. This is a co-operative terminal road, providing terminal facilities and doing a switching
business for the roads entering Indianapolis. For these accommodations a charge is made on a
train and mileage basis equalling the expense of operation, and no more. In addition to the charge
for operating expenses, each company using the property pays a fixed rental, out of which is paid
452
POOR S MANUAL OF RAILROADS — CENTKAL NORTHERN GROUP.
interest on bonds, Belt RR. rental, and interest on invrstments of the proprietary companies. The
capital is furnished by the P., C., C. & St. L. Ry. Co., T. H. & I. RR. Co., and C., C.( C. & St. L. Ry.
Co. The following-named also use the property and have all privileges on the same terms as the
proprietor companies : Peoria and Eastern ; Indianapolis and Vincennes ; Cincinnati, Indianapolis
and Western ; Lake Erie and Western, and Chicago, Indianapolis and Louisville. Locomotives (4
owned), 14; caboose (owned), 1; work-train cars (leased, 10), 11 — total cars. 12.
General Balance Sheet, June 30, 1902. — Capital stock paid in $861,817 ; funded debt ( 1st
4Js of May 1, 1926), $1,000,000; current liabilities, $67,369; bond interest accrued, $7,050; profit
and loss, $203,723 — total, $2,139,959. Contra: Cost of road and equipment (including viaduct
over tracks, costing $211,037, donated to City of Indianapolis), $1,861,817 ; sinking fund, $142,601 ;
materials, etc., $14,820; cash and current assets, $120,721 — total, $2,139,959.
RAILROAD LEASED BY THE INDIANAPOLIS UNION RY. Co.
$60,000; dividends on stock (preferred, $30,000;
common, $60,000), $90,000 — total, $150,000. Sur-
plus, $46,011.
Capital stock ($500,000 preferred; $1,000,000
common; $50 shares), $1,500,000. Funded debt
(1st 6s of April 30, 1911), $1,000,000.
S. E. Rauh, Pres. ; Julius A. Hanson, Vice-
Pres. ; John H. Holliday, Sec. ; H. D. Lane, Aud.,
Indianapolis, Ind. Office, Indianapolis, Ind.
Belt RR. and Stockyard (Indianapo-
lis).— Around City of Indianapolis, Ind., 11.71
in. ; 2d track, 9.39 m. ; total track, 21.10 m. Loco-
motives, 10. Freight cars, 10.
Leased to the Indianapolis Union Ry. Co., for
999 years from Oct. 1, 1882.
Income account, year ending Dec. 31, 1902.
— Rental, $49,577 ; other receipts, $144,547 ; inter-
est on investments, $800 ; interest account, $1,087
— total, $196,011. Payments : Interest on bonds,
Board of Managers. I. H. Ry. — This board is composed of one representative from each
railroad using the property. OFFICERS : JAMES MCCREA, Pres.. Pittsburgh, Pa. ; E. F. Osborn, Vice
Pres., Cincinnati, O. ; W. T. Cannon, Treas., Purch. Agt. d Sec. ; J. E. Merion, Aud., Indianapolis,
Ind. GENERAL OFFICE, Indianapolis, Ind.
TOLA AND NORTHERN RY. — Scandinavia to lola, Wis., 4.7 miles. Gauge, 4 ft. 8J in.
Steel rail. Organized May 9, 1893 ; road built in 1893. Locomotive, 1. Cars — combination, 1 ;
freight (box, 1; flat, 3), 4 — total 5.
Operations, year ending June 30, 1902. — Earnings (passenger, $1,226; freight, $4,243; other,
$249), $5,718. Operating expenses, $5,763 ; other deductions, $29 — total, $5,792. Deficit for year,
$74.
General Balance Sheet, June 30, 1902. — Capital stock ($1,700,000 auth. ; $100 shares),
$71,400; current liabilities, $1,789 — total, $73,189. Contra: Cost of road and eQUipment, $69,210 ;
cash and current assets, $3,636 ; profit and loss, $337 — total, $73,189.
Directors. — Not reported: OFFICERS: S. S. PALMER, Pres., New York, N. Y. ; J. C Thurman,
Aud. ; J. A. Jordan, Gen. Mgr., Green Bay, Wis. GENERAL OFFICE, Green Bay, Wis.
IVORYDALE AND MILL CREEK VALLEY RY.— June. C. H. & D. Ry. & C., C., C. &
St. L. Ry. at Ivorydale, O., and June. B. & O. S. W. Ry. at Ivorydale June., O., 6 miles ; 56-lb. steel
rail. Gauge, 4 ft. 81 in. Chartered April 1, 1890 ; road opened in 1890. This company's business
is exclusively switching, and most of it is done for the Procter & Gamble Co., from which corpora-
tion the privileges are leased. Locomotives, 3. Cars (box, 7; flat, 7; rack, 5; coal, 1), 20. Capital
stock ($100 shares), $100,000.
Operations, year ending June 30, 1902. — Earnings (freight, $38,905; other, $30,717), $69,-
622. Operating expenses, $49,211. Net earnings, $20,411. Total deductions, $5,886. Surplus
for year $14,525.
Directors. — William A. Procter, William C. Procter, J. H. French, R. P. Buchanan, John M.
Macdonald, Cincinnati, O. OFFICERS: R. P. BUCHANAN, Pres. & Gen. Mgr.; J. M. Macdonald, Sec. ;
3. H. French, Treas., Cincinnati, O. GENERAL OFFICE, Cincinnati, O.
KEWATTNEE, GREEN BAY AND WESTERN RR.— Green Bay to Kewaunee, Wis.,
36.7 m. ; sidings, 9.69 miles. Gauge, 4 ft. 81 in. Rail (steel, 36.7 m.), 60 and 70 Ibs. Chartered
May 29, 1890 ; road opened Nov. 7, 1891. Locomotives, 2. Cars — passenger, 2 ; combination, 2 ;
baggage, etc., 1 — total, 5.
Operations, year ending June 30, 1902. — Passengers carried, 35,154 ; carried one mile, 737,-
981. Tons freight moved, 121,335; ton-miles, 3,741,967. Earnings (passenger, $25,322; freight,
$57,477), $82,799. Operating expenses, $40,757. Net earnings, $42,C42. Payments: Interest on
bonds, $20,400 ; taxes, $2,627 — total, $23,027. Surplus, $19,015 , surplus forward, $29,061 — total,
$48,076. Deductions for year, $33,000. Net surplus June 30, 1902, ?15,076.
General Balance Sheet, June 30, 1902. — Capital stock (co-nmon, $465,750; preferred,
$199,200; $100 shares), $664,950; funded debt (1st 5s of June 1, 1921), $408,000; current liabil-
ities, $35,683; profit and loss, $15,076 — total, $1,123,709. Contra: Cost of road and equipment,
$1,096,025 ; cash and current assets, $27,684 — total, $1,123,709.
Capital Stock. — Capital stock authorized : Common, $480,000 ; preferred, $200,000 — total,
$680,000.
Directors. — S. S. Palmer, Princeton, N. J. ; C. L. Blair, New York, N. Y. ; Mark T. Cox, East
Orange, N. J. ; J. A. Jordan, J. C. Thurman, Green Bay, Wis. OFFICERS : S. S. PALMER, Pres., New
York, N. Y. ; W. W. Cargill, Vice-Pres., La Crosse, Wis. ; Mark T. Cox, Sec. & Treas., New York,
N. Y. ; J. A. Jordan, Gen. Mgr., Green Bay, Wis. GENERAL OFFICE, Green Bay, Wis.
LAKTC SIDE AND MARBLEHEAD RR. — Danbury to Marblehead, O., 6.88 m. ; total
track (steel; 60 and 75 Ibs.), 11.93 miles. Gauge, 4 ft. S'i in. Organized Aug. 17, 1886; roa~
opened Jan. 7, 1887. Locomotives, 3. Cars — passenger, 2; baggage, etc., 1; freight (box, 5; coal,
1), 6; service, 2 — total, 11.
Operations, year ending June 30, 1902. — Trains run i passenger, 13,480; freight, 16,494;
other, 42,122), 72,096 miles. Passengers carried, 15,657; carried one mile, 105,158. Tons freight
moved, 829,808; ton-miles, 5,709,079. Earnings (passenger, $2,994; freight, $91,198; other,
$320), $94,512. Operating expenses, $51,943. Net earnings, $42,569; other receipts, $726 — total,
$43,295. Payments : Interest on bonds, $6,735 ; taxes, $1,683 — total, $8,418. Surplus, $34,877 •
surplus forward, $112,411 — total, $147,288.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $150,000; funded
debt (1st 6s of April 1, 1922, subject to call), $110,000; current liabilities, $19,825; interest ac-
crued, $1,650; profit and loss, $147,288 — total, $428,763. Contra: Cost of road and equipment
$333,835 ; securities owned, $4,955 : cash and current assets, $89,973 — total, $428,763.
Directors (elected Sept. 24, 1902). — William Chisholm, J. H. Morley, Caleb E. Gowen Nor-
POOR'S MANUAL OF RAILROADS. 453
man Kelley, Fred A. Beckwith, F. A. Sterling, W. D. Rees, L. C. Hanna, Cleveland, O. ; D. G. Cutler,
Duluth, Minn. OFFICERS : NORMAN KELLEY, Pres.; Fred A. Beckwith, Vice-Pres.; Caleb B. Gowen,
Treas. & Gen. ~M.gr. ; W. A. Pardee, Sec. & Aud., Cleveland, 0. GENERAI OFFICE, Cleveland, O.
LAKE SUPERIOR TERMINAL AND TRANSFER RY.— In West Superior, Wis.,
15.70 miles. Gauge, 4 ft. 8J in. Rail (steel), 80 Ibs. Chartered Oct. 17, 1883; road opened in
June, 1887. This is a switching road, built for the purpose of transferring cars between the depots
and tracks of the proprietary railway companies running into West Superior, Wis. Locomotives, 7.
Operations, year ending June 30, 1902. — Earnings, $5,958 ; received from proprietary railroad
companies, $62,494 — total, $68,452. Operating expenses, $56,285 ; taxes, $467 — total, $56,752.
Net earnings, $11,700. Paid interest on bonds, $11,700.
General Balance Sheet, June 30, 1902. — Capital stock ($1,200,000 auth. ; $100 shares),
$94,200; funded debt (1st 6s of April 1, 1909; $500,000 auth.), $195,000; current liabilities,
$7,760 ; interest accrued, $2,925 ; other liabilities, $10,812 — total, $310,697. Contra : Cost of road
and equipment, $289,201 ; materials, etc., $1,351 ; cash and current assets, $8,459 ; other assets,
$11,686 — total, $310,697.
Directors (elected Oct. 20, 1902). — D. M. Philbin, West Superior, Wis.; L. W. Hill, Thos.
Cooper, Emerson Hadley, W. A. Scott, St. Paul, Minn. ; W. F. Fitch, Marquette, Mich. OFFICERS :
D. M. PHILBIN, Pres., West Superior, Wis. ; W. F. Fitch, Vice-Pres., Marquette, Mich. ; H. H. Park-
house, Sec. & Treas., St. Paul, Minn. ; C. P. Brown, Supt., West Superior, Wis. GENERAL OFFICE,
St. Paul, Minn.
LAKE SUPERIOR AND ISHPEMINO- RY. — Presque Isle (Marquette) to Ishpeming,
Mich., 19.94 m. ; sundry branches, 1.07 m. ; leased C. & N. W. Ry., C. & N. W. Con. to Cleveland Lake
Con., 0.92 m. — total, 21.93 m. ; total track (owned, 30.03 m.), 30.95 miles. Gauge, 4 ft. 8J in.
Rail (steel), 80 Ibs. Chartered Sept. 12, 1895; road opened as above Aug. 12, 1896. Locomotives,
14. Cars — passenger, 4; freight (flat, 20; coal, 490), 510; caboose, 4 — total, 518.
Operations, year ending Dec. 31, 1902. — Trains run (passenger, 11,724; freight, 69,998),
81,722 miles. Passengers carried, 7,154; carried one mile, 114,394. Tons freight moved, 1,698,-
867; ton-miles, 35,673,743. Earnings (passenger, $1,695; freigLt, $183,890; other, $999), $186,-
584. Operating expenses, $142,644. Net earnings, $43,940 ; other receipts, $18,726 — total, $62,-
666. Paid : Taxes, $19,270. Surplus, $43,396 ; surplus forward, $189,328 — total, $232,724.
Q-eneral Balance Sheet, Dec. 31, 1902. — Capital stock $100 shares), $1,000,000; funded
debt (1st 6s of Jan. 1, 1926; $1,200,000 auth.), $500,000; bills payable, $143,750; taxes, $19,165;
other liabilities, $695,621 ; profit and loss, $232,724 — total, $2,591,260. Contra : Cost of road and
equipment, $2,408,373 ; materials, etc., $19,963 ; cash and current assets, $162,924 — total, $2,591,-
260.
Directors (elected Feb. 10, 1903). — Jas. Laughlin, Jr., B. F. Jones, Jr., Pittsburgh, Pa. ; Wm.
G. Pollock, J. H. Hoyt, Wm. G. Mather, Cleveland, O. ; J. H. Wade, New York, N. Y. ; H. R. Harris,
Marquette, Mich. OFFICERS : WM. G. MATHER, Pres., Cleveland, O. ; Jas. Laughlin, Jr., Vice-Pres.,
Pittsburgh, Pa.; W. G. Pollock, Treas.; J. H. Hoyt, Sec., Cleveland, O. ; H. R. Harris, Gen. Mgr.<
Marquette, Mich. GENERAL OFFICE, Marquette, Mich.
LA SALLE AND BUREAU COUNTY RR. — La Salle, 111., to near June, of the C. & N. W.
Ry., and the C., B. & Q. in Bureau Co., 6.35 m. ; total track (steel; 65 Ibs.), 7.10 miles. Gauge, 4
ft. 8i in. Chartered Aug. 30, 1890 ; road built in 1892 and opened Oct., 1893. Operated by Mat-
thiessen & Hegeler Zinc Co. Owns no rolling stock.
Operations, year ending June 30, 1902. — Trains run (freight), 7,925 miles. Tons freigfct
moved, 141,685; ton-miles, 396,000. Earnings (freight), $17,844. Operating expenses, $10,357.
Net earnings, $7,487. Payments: Taxes, $878; dividends (6 p. c.), $3,000 — total, $3,878. Sur-
plus, $3,609 ; surplus forward, $18,212 — total, $21,821.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $50,000; current lia-
bilities, $6 ; profit and loss, $21,821 — total, $71,827. Contra : Cost of road and equipment, $47,-
785 ; cash and current assets, $24,042 — total, $71,827.
Directors. — Edward C. Hegeler, New York, N. Y. ; F. W. Matthiessen, G. Weerts, Charles
Dlesterweg, George P. Blow, La Salle, 111. OFFICERS: GEORGE P. BLOW, Pres.; G. Weerts, Sec. &
Treas., La Salle, 111. GENERAL OFFICE, La Salle, 111.
LOUISVILLE, NEW ALBANY AND CORYDON RR.— Corydon to Corydon June.,
Ind., 8 m. ; Corydon to Kings Cave, Ind., 3.3 m. — total, 11.3 miles; total track (steel, 7.7 m.) 12.92
miles. Rail — iron, 36 Ibs.; steel, 56 to 60 Ibs. Gauge, 4 ft. 8i m. Chartered, 188S , opened May
1, 1890. Sold under foreclosure in Feb., 1888, and the company reorganised. Locomotives, 2.
Cars — passenger, 2 ; gravel, 1 — total, 3. Freight cars supplied by Southern Ry. Co.
Operations, year ending June 30, 1902. — Passengers carried, 18,378 ; carried one mile, 141,-
510. Tons freight moved, 14,036; ton-miles, 108,077. Earnings (passenger, $6,432; freight,
$8,308; other, $1,690), $16,430. Operating expenses, $11,574. Net earnings, $4,856. Payments:
Interest on bonds, $3,750 ; taxes, $687 — total, $4,437. Surplus, $419 ; surplus forward, $8,571 —
total ($8,990; less deductions during year, $5,027), $3,963.
General Balance Sheet, June 30, 1902. — Capital stock ($150,000 auth.; $100 shares),
$145,000; funded debt (1st 6s of 1918; $100,000 auth.), $75,000; current liabilities, $11,989;
profit and loss, $3,963 — total, $235,952. Contra : Cost of road and equipment, $80,632 ; due on
capital stock, $145,000 ; cash and current assets, $10,320 — total, $235,952.
Directors. — M. J. O'Connor, Hartford, Conn. ; St. John Boyle, J. Tilford Boyle, Louisville,
Ky. ; G. W. Applegate, R. L. Miller, L. S. Riley, E. D. Mitchell, Corydon, Ind. OFFICERS: M. J.
O'CONNOR, Pres. & Gen. Mgr., Corydon, Ind. ; St. John Boyle, Vice-Pres. <£• Treas., Louisville, Ky. ;
B. D. Mitchell, Sec., Corydon, Ind. GENERAL OFFICE, Corydcn, Ind.
MANISTEE AND GRAND RAPIDS RR.— Manistee to Hartwick, Mich., 63 m. ; Filer
City to Sands, 2.32 m. — total, 65.32 m. ; total track (steel; 50, 56 and 60 Ibs.), 94.52 miles.
Gauge, 4 ft. 8i in. Chartered Nov. 17, 1889 ; road completed as above (see MANUAL for 1896, page
170). Projected from Manistee to Grand Rapids, Mich., 116 miles. Locomotives, 4. Cars — pas-
senger, 4; freight (box, 59; flat, 239; coal, 20), 318 — total, 322.
Operations, year ending Dec. 31, 1902. — Trains run (freight), 102,410 miles. Passengers
carried, 19,320 ; carried one mile, 333,923. Tons freight moved, 218,283 ; ton-miles, 8,247,021.
Earnings (passenger, $7,511; freight, $111,776; other, $1,637), $1?0,924. Operating expenses.
$118,223. Net earnings, $2,701; other receipts, $5,001 — total, $7,702. Payments : Interest on
bonds, $5,012; taxes, $6,879 — total, $11,891. Deficit for year, $4,189. Surplus brought forward,
$206.128. Net surplus, $201,939.
General Balance Sheet, Dec. 31, 1902. — Capital ntock, $1,000,000 auth.; $100 shares).
454 POOR'S MANUAL OF RAILROADS — CKXTRAL NORTHERN GROUP.
$450,000; funded debt (1st 5s, payable annually, 1902-1005), $100,000; other liabilities, $66,283;
profit and loss, $201,939 — total, $818,222. Contra : Cost of road and equipment, $765,799 ; other
investments, $31,729 ; materials, etc., $12,871 ; cash and current assets, $1,354 ; other assets,
$6,469 — total, $818,222.
Directors. — E. G. Filer, Filer City, Mich. ; Chas. J. Canfleld, Louis Sands, Jas. Dempsey, H.
W. Marsh, T. J. Ramsdell, R. R. Blacker, Manistee, Mich. OFFICERS : CHAS. J. CANFIELD, Pres. ;
Louis Sands, Vice-Pres., Manistee, Mich. ; E. G. Filer, Treas., Filer City, Mich. ; T. J. Ramsdell, Sec.,
F. S. Bell, Aud., Manistee, Mich. GENERAL OFFICE, Manistee, Mich.
MANISTEE AND LUTHER BB. — Eastlake, Mich., to end of track, 55 m. ; branches
to forest terminals, 20 in. — total, 75 m. ; total track (steel; 30 Ibs.), 79 miles. Gauge, 3 ft.
Chartered March 26, 1886; road opened in June, 1886. Locomotives, 6. Cars — passenger, 4;
freight (box, 8; flat, 7; stock, 3; coal, 6; logging, etc., 297), 321; service, 13 — total cars, 338.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $921; freight, $53,796),
$54,717. Operating expenses, $51,733. Net earnings, $2,984. Paid interest on unfunded debt,
$2,856. Surplus, $128.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($400,000 auth. ; $100 shares),
$300,000 ; unfunded debt, $40,000 ; other liabilities, $97,732 ; profit and loss, $128 — total, $437,860.
Contra : Cost of road and equipment, $423,225 ; materials, etc., $1,800 ; cash and current assets,
$2,835 — total, $437,860.
Directors (elected April 1, 1902). — H. W. Carey, Richard G. Peters, Eastlake, Mich.;
W. H. Anderson, Grand Rapids, Mich. OFFICERS : RICHARD G. PETERS, Pres. & Gen. Mgr., East-
lake, Mich. ; W. H. Anderson, Vice-Pres., Grand Rapids, Mich. ; Henry W. Carey, Sec., Treas. &
Asst. Gen. Mgr., Eastlake, Mich. GENERAL OFFICE, Eastlake. Mich.
MANISTEE AND NOBTHEASTEBN BB.— -Main Line: Maristee to Traverse City,
Mich., 70.76 m. ; branches: Onekama June, to Onekama, Mich., 2.71 m. ; Manistee to Manistee Har-
bor Novelty Works, Mich., 2.18 m. ; Solon to Provemont, 14.5 m. ; Kaleva to Terminus, 4 m. ; Platte
River to Empire June., 16.84 m. ; Copemish to Betsey River, 8 m. — total, 118.99 m. ; total track
(steel; 56 and 65 Ibs.), 148.58 miles. Gauge, 4 ft. 8J in. Chartered Jan. 7, 1887; main line
opened in sections between Jan. 14, 1889, and July 1, 1892 ; branches opened at various dates. Lo-
comotives, 10. Cars — passenger, 8; baggage, etc., 1; freight (box, 149; flat, 341; coal, 10),
500 ; service, 6 — total cars, 515. Of this equipment 75 box cars are held under car trusts.
Operations, year ending Dec. 31, 1902. — Trains run (passenger, 106,018; freight, 88,135:
mixed, 22,623 ; other, 8,007), 224,783 miles. Passengers carried, 125,089 ; carried one mile, 2,811,-
377. Tons freight moved, 486,576 ; ton-miles, 16,115,176. Earnings (passenger, $61,114 ; freight,
$263,547; other, $7,773), $332,434. Operating expenses and taxes, $187,166. Net earnings, $145,-
268 ; other receipts, $5,251 — total, $150,519. Payments : Interest on floating debt, $72,606 ; de-
preciation of equipment, $8,844 — total, $81,450. Surplus, $69,069 ; surplus forward, $25,144 —
total, $94,213.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($2,000,000 auth.; $100 shares),
$525,766; unfunded debt, $1,561,587; current liabilities, $27,406; profit and loss, $94,213 — total,
$2,208,972. Contra: Cost of road and equipment, $2,151,723; other investments, $6,600; materials,
etc., $24,958 ; cash and current assets, $25,691 — total, $2,208,972.
Directors. — Edward Buckley, Wm. Douglas, Charles G. Wilson, Albert Wilson, T. J. Elton,
Manistee, Mich. OFFICERS : EDWARD BUCKLEY, Pres., Treas. & Gen. Mgr. ; William Douglas, Vice-
Pres., Sec. & Gen. Supt. ; Thos. J. Elton, Asst. Sec. ; P. R. L. Carl, Aud., Manistee, Mich. GENERAL
OFFICE, Manistee, Mich.
MANISTIQTJE, MABaTJETTE AND NORTHEBN BE.— Manistique to Shingleton,
Mich., 41.5 m. ; Scott's Camp to McNeil's, 11.5 m. ; spurs, 15 m. — total, 68 miles. Gauge, 4 ft. 81
in. Rail (steel), 40 and 60 Ibs. Chartered in April, 1902, and purchased the Manistique and
Northwestern Ry., taking possession thereof on May 1, 1902. The M. & N. W. Ry. Co. was char-
tered April 25, 1891 ; road opened, 36 miles, Aug. 2, 1897 ; from Manistique to Shingleton, Jan. 2,
1899 ; branch and spurs added during the years 1898, 1900, and 1902. Locomotives, 5. Cars —
passenger, 2; freight (box, 3; flat, 64; logging, 198), 265; service, 8 — total cars, 275.
Operations, 8 months ending Dec. 31, 1902. — Earnings (passenger, $7,455; freight, $68,837;
other, $1,149), $77,441. Operating expenses, $48,451. Net earnings, $28,990. Payments: Inter-
est on bonds, $15,000 ; taxes, $2,497 — total, $17,497. Surplus, $11,493.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $2,000,000; funded
debt (1st gold 5s of May 1, 1952, $1,500,000 auth.), $1,100,000; current liabilities, $41,885; profit
and loss, $11,493 — total, $3,153,378. Contra : Cost of road and equipment, $2,824,217 ; material?,
etc., $1,265 ; cash and current assets, $327,896 — total, $3,153,378.
Directors (elected April 29, 3902). — R. R. Metheany, D. W. Kaufman, Grand Rapids, Mich.;
B. B. Metheany, Manistique, Mich. ; N. M. Kaufman, S. R. Kaufman, Marquette, Mich. OFFICERS :
R. R. METHEANY, Pres.; D. W. Kaufman, Vice-Pres. & Treas., Grand Rqpids, Mich. ; B. B. Metheany,
Sec. & Gen. Mgr., Manistique, Mich. GENERAL OFFICE, Grand Rapids, Mich.
MANISTIQ.TJE BY. — Grand Marais to Oilier, Mich., 45.50 m. ; logging branches, £0* m.
— total, 70.50 m. : total track (steel; 56 Ibs.), 83 miles. Gauge, 4 ft. 8J in. Chartered Sept. 18,
1886; amended Oct. 21, 1889; first opened Oct. 20, 1886; extended to Germfask in Oct., 1893,
and as above Nov. 3, 1902. Locomotives, 4. Cars — combination, 1; freight (box, 5; flat, 93; log.
40), 138; caboose, 3 — total, 142.
Operations, year ending Dec. 31, 1902. — Trains run (freight, 69.866; mixed, 25,874), 95,740
miles. Passengers carried, 13,347 ; carried one mile, 280,287. Tons freight moved, 157,656 ; ton-
miles, 3,913,527. Earnings (passenger, $10,702; freight, $88,804; other, $5,052), $104,558.
Operating expenses, $67,013. Net earnings, $37,545 ; other receipts, $2,020 — total, $39,565. Pay-
ments : Interest on bonds, $3,199; taxes, $2,336 — total, $5,535. Surplus, $34,030; surplus for-
ward, $312,324 — total, $346,354.
General Balance Sheet, Dec. 31, 19C2. — Capital stock ($500,000 auth. ; $100 shares), $150-,
000; funded debt (1st 6s of April 1, 1902), $40,000; current liabilities, $5,996: profit and loss,
$346,354 — total, $542,350. Contra : Cost of road and equipment, $512,145 ; materials, etc., $8,776 ;
cash and current assets, $21,429 — total, $542,^50.
Directors. — R. A. Alger, J. C. McCaul, G. H. Stalker, Detroit, Mich. ; John Millen, Duluth,
Minn. ; L. A. Hall, Bay Mills, Mich. OFFICERS : R. A. ALGER, P>rs., Detroit, Mich. ; Lewis A. Hall,
Vice-Pres., Bay Mills, 'Mich. ; J. C. McCaul, Treas. & Sec.; G. H. Stalker, .-litd., Detroit, Mich. GEN-
EKAL OFFICE, Detroit, Mich.
POOR S MANUAL OF RAILROADS. 455
MARIETTA, COLUMBUS AND CLEVELAND RR.— Moore's June, to Palos, O., 41.3
m. ; Sharpsburg June, to Sharpsburg, O., 3.5 m. — total, 44.8 miles. Trackage : B. & O. 9. W. Ry.,
Marietta to Moore's June., O., 3.20 miles. Sidings, 1.5 miles. Gauge, 4 ft. 81 In. Rail (steel), 56
Ibs. Successor, on Nov. 1, 1900, to the Toledo and Ohio Central Extension RR. Co., whose prop-
erty was sold under foreclosure Oct. 15, 1900 (see MANUAL for 1900, page 339). Locomotives (1
leased), 4. Cars — passenger, 3; baggage, etc. (1 leased), 3; freight (flat, 6; coal, 18), 24 —
total, 30.
Operations, year ending June 30, 1902. — Trains run (passenger, 56,120; mixed, 29,135;
other, 26,585), 111,840 miles. Passengers carried, 58,606; carried one mile, 939,593. Tons freight
moved, 110,029; ton-miles, 2,638,787. Earnings (passenger, •> 24,748 ; freight, $42,769; other,
$6,658), $74,175. Operating expenses, $107,659. Deficit from operations, $33,484; add deductions
during year, $28,649. Deficit for year, $62,133 ; deficit forward, ipiO.907 — total, $73,040.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $250,000; funded debt
(1st 5s of 1940), $250,000; current liabilities, $15,568; interest accrued, $20,833; accrued taxes,
$1,285 ; other liabilities, $43,000 — total, $580,686. Contra : Cost of road and equipment, $489,195 ;
lands owned, $5,000; materials, etc., $5,304; cash and current assets, $8,147; profit and loss, $73,-
040 — total, $580,686.
Directors (elected Oct. 1, 1902). — W. W. Mills, D. Torpey, Marietta, O. ; F. A. Durban, Zanes-
ville, O. ; J. T. Blair, Greenville, Pa. ; D. I. Roberts, East Orange, N. J OFFICERS : D. I. ROBERTS,
Pres.; J. T. Blair, Sec. & Treas.; B. R. Petriken, Aud., Marietta, O. GENERAL OFFICE, Marietta, O.
MARINETTE, TOMAHAWK AND WESTERN RY.— Tomahawk to Harrison, Wis.,
14.3 m., Tomahawk to Tomahawk June., Wis., 5.5 m., Jersey City to Spirit Falls, 13.5 m. ; Antigo
June, to Gleason, Wis., 12.9 m. — total, 46.2 miles. Gauge, 4 ft. 81 In. Rail — iron, 45 Ibs. ; steel
(17.8 m.), 56 Ibs. Chartered Oct. 4, 1894; road completed Nov. 27, 1895; Wisconsin and Chippe-
wa Ry. purchased June 30, 1898. (See MANUAL for 1899, page 383.) Locomotives, 8. Cars — pas-
senger, 5 ; combination, 2 ; freight, 68 ; caboose, 1 — total, 76.
Operations, year ending June 30, 1902. — Trains run, 79,085 miles. Passengers carried, 19,-
255; carried one mile, 134,785. Tons freight moved, 72,960; ton-miles, 1,094,400. Earnings (pas-
senger, $7,654; freight, $30,628; other, $567), $38,849. Operating expenses and taxes, $43,441.
Deficit for year, $4,591. Surplus forward, $1,201. Net deficit June 30, 1902, $3,390.
General Balance Sheet, June 30, 1902. — Capital stock ($1,000,000 auth. ; $100 shares),
$161,500; current liabilities, $414,313 — total, $575,813. Contra : Cost of road and equipment,
$563,541 ; materials, etc., $374 ; cash and current assets, $8,508 ; profit and loss, $3,390 — total,
$575,813.
Directors. — W. G. Collins, Frank G. Stark, William T. Bradley, Tomahawk, Wis.; Jas. W.
Bradley, Milwaukee, Wis. One vacancy. OFFICERS : ' — Pres. ; W. G. Collins,
Vice-Pres. <& Gen. Mgr.; Frank G. Stark, Sec., Treas. & Aud., Tomahawk, Wis. GENERAL
OFFICE, Tomahawk, Wis.
MARQ.UETTE AND SOUTHEASTERN RY.— Projected : Marquette to Manistique, Mich.,
90 miles. Completed, April 1, 1903 : West Yard, Marquette, to Lawson, Mich., 26.96 miles. Gauge,
4 ft. 81 in. Rail (steel), 60 Ibs. Chartered Oct. 3, 1900; road opened July 1, 1902. Connects at
Marquette with the L. S. & I. Ry., and at Lawson with the Munising Ry. Locomotives, 2 ; freight
cars (box, 25; flat, 100), 125.
Operations, 6 months ending Dec. 31, 1902. — Trains run (passenger, 10,914; freight, 9,159),
20,073 miles. Passengers carried, 13,951; carried one mile, 351,778. Earnings (passenger,
$4,627; freight, $23,007; other, $1,399), $29,033. Operating expenses, $21,660. Net earnings,
$7,373 ; other receipts, $5,610 — total, $12,983. Paid : Taxes, $6,260. Surplus, $6,723.
General Balance Sheet, Dec. 31, 1902. — Capifal stock ($100 rhares), $1,000,000; current
liabilities, $741,027 ; interest accrued, not due, $6,023 ; profit and loss, $6,723 — total, $1,753,773.
Contra : Cost of road and equipment, $1,568,296 ; materials, etc., $82,357 ; cash and current as-
sets, $103,120 — total, $1,753,773.
Directors. — Wm. G. Mather, J. H. Hoyt, Cleveland, O. ; E. R. Perkins, Willoughby, O. ; J. H.
Wade, New York, N. Y. ; M. M. Duncan, Ishpeming, Mich. ; H. R. Harris, Marquette, Mich. OF-
FICERS : WM. G. MATHER, Pres. & Treas., Cleveland, O. ; E. R. Perkins, Vice-Pres., Willoughby, O. ;
J. H. Hoyt, Sec., Cleveland, O. ; H. R. Harris, Gen. Mgr., Marquette, Mich. GENERAL OFFICE, Mar-
quette, Mich.
MASON AND OCEANARR.— Buttersville to Goodrich, Mich., 32 m. ; Lake to Coif ax, 3 m. —
total, 30 m. ; total track (steel; 30 Ibs.), 35 miles. Gauge, 3 ft. Chartered Aug. 9, 1886; road
opened to Stetson Jan. 20, 1888 ; extension to Goodrich July 1, 1901. Locomotives, 5. Cars — pas-
senger, 1; baggage, etc., 1; freight (box, 10; flat, 60; logging, 160), 230 — total, 232.
Operations, year ending Dec. 3l, 1902. — Passengers carried, 5,010 ; carried one mile, 66,783.
Tons freight moved, 20,000; ton-miles, 500,000. Earnings (passenger, $2,042; freight, $14,476;
other, $1,246), $17,764. Operating expenses, $16,737; taxes, $1,027 — total, $17,764.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $150,000; current
liabilities, $31,000 — total, $181,000. Contra: Cost of road and equipment, $178,000; materials,
etc., $3,000 — total, $181,000.
Directors (elected Jan. 12, 1903). — M. F. Butters, H. U. Butters, G. N. Stray, J. H. Lyons,
Ludington, Mich. ; C. E. Butters, Buttersville, Mich. OFFICERS : M. F. BUTTERS, Pres. & Sec. ;
G. N. Stray, Vice-Pres.; H. U. Butters, Treas., Ludington, Mich. GENERAL OFFICE, Ludington,
Mich.
MINERAL RANGE RR. — Houghton to Calumet, Mich., 14.17 in. ; Keweenaw Bay to Riddle
June., Mich., 35.56 m. ; Calumet to Laurium, Mich., 3.02 m. ; Arcadian June, to Grosse Point, Mich.,
9.47 m. ; Franklin June, to Quincy Mine, 2.20 m. ; Boston to Franklin Junior Mine, 0.64 m. ;
Arcadian Y to Arcadian Mine, 2 m. ; Peppard to Evergreen, 1.81 m. — total, 68.87 miles. Leased :
Hancock and Calumet (see below), 34.52 m. ; Mohawk RR., Mohawk June, to Gay, Mich., 14.5 m. —
total leased, 49.02 miles. Trackage : D., S. S. & A. Ry., Houghton to Keweenaw Bay, Mich., 19.36
m. ; T. O. Min'g Co., main line to Cooks Camp, 1.98 m. ; East br. to end of track, 2.47 m. ; M.
Min'g Co., main line to Mohawk Mine, 0.62 m. ; A. Mln'g Co., main lino to Allouez Stamp Mill, 2.15
m. — total, 26.58 miles. Sidings, etc., owned, 25.2 m. ; leased, 15.99 miles. Gauge, 4 ft. 81 in.
Rail — iron, 50 Ibs.; steel (89.7 m.), 56, 60, 70 and 80 Ibs. (For history, see MANUAL for 1893.)
The branch from Arcadian June, to Arcadian Mine was opened Oct. 29, 1898 ; and that from Ar-
cadian Mine to Grosse Point, July 28, 1899 ; the extension from Keweenaw Bay to Riddle June, was
opened Dec. 23, 1900, and that from Calumet to Laurium, Jan. 1, 1903. Locomotives, 6. Cars —
passenger, 7; baggage, etc., 1; freight (box, 1; flat, 113; ore, 275), 389; service, 11— total 408.
456 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Operations, year ending Dec. 31, 1902 (aver., 132.75 miles). — Trains run (passenger, 141,-
223; freight, 189,635; other, 132,747), 463,605 miles. Passengers carried, 200,613; carried one
mile, 2,012,749. Tons freight moved, 2,978,449; ton-miles, 28,983,350. Earnings (passenger,
$68,498; freight, $484,905 ; other, $5,202), $558,605. Operating expenses, $466,706. Net earn-
ings, $91,899; other receipts, $11,665 — total, $103,564. Payments: Interest on bonds, $83,360;
taxes, $14,259 — total, $97,619. Surplus, $5,945 ; surplus forward, $228,138 — total, $234,083.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($800,000 auth. ; $100 shares), $743,-
400 ; funded debt, $1,936,100 ; current liabilities, $322,788 ; profit and loss, $234,084 — total,
$3,236,372. Contra : Cost of road and equipment, $2,263,359 ; securities owned, $776,675 ; ma-
terials, etc., $45,201 ; cash and current assets, $151,137 — total, $3,236,372.
Funded Debt. — The funded debt on Dec. 31, 1902, consisted of the following issues (additional
particulars will be found in the Ready Reference Bond List — see GENERAL INDEX) : $6,000 ($200,-
000 auth.) main line 1st 8s of June 1, 1888; $5,100 ($250,000 auth.) main line gen. 4s of Jan 1.
1937; $600,000 consols of Jan. 1, 1931 ($346,000 5s and $254,000 4s) ; $1,000,000 gen. 4s of Jan.
1, 1951 ; and $325,000 H. & C. RR. consol. 5s of Jan. 1, 1931. The four issues first named are se
cured on the property of the Mineral Range RR. Co. ; the Hancock and Calumet bonds are secured
on that road (see appended statement).
RAILROADS LEASED OR OPERATED BY THE MINERAL RANGE RR. Co.
Hancock and Calumet RR. — Hancock to Capital stock ($100 shares), $350,000. Funded
end of track, Mich., 26.74 m. ; sundry branches,
7.78 m. — total, 34.52 m. ; total track owned (steel;
50, 56 and 80 Ibs.), 50.51 miles.
Chartered Jan. 14, 1885. Railroad completed
Oct. 28, 1891 ; main line extended 2.62 miles in
debt, $400,000 1st 5s of Jan. 1, 1931, of which $325,-
000 are outstanding; principal and interest guar-
anteed by the lessee. Cost of road and equip-
ment, $955,105.
A. B. Eldridge, Pres. ; E. W. Allen, Treas. ; A.
1899 ; gauge broadened to the standard in 1901. E. Miller, Sec., Marquette, Mich.
The road is leased to the Mineral Range RR., the
lease becoming effective on June 1, 1901, and the
lessee acquiring all the assets and assuming all
the liabilites of this company.
Mohawk RR Mohawk Mine to Gay.
Mich., 14.5 miles. Owned by the Mohawk Mining
Co. Operated under contract by the Mineral
Range RR.
Directors, M. R. RR. Co. (elected Sept. 18, 1902). — William F. Fitch, E. W. Allen, Chas. H.
Schaffer, J. G. Reynolds, Marquette, Mich. ; William E. Parnall, W. E. Parnall, Jr., J. T. Reeder,
Calumet, Mich. OFFICERS : W. F. FITCH, Pres. & Gen. Mgr., Marquette, Mich. ; W. E. Parnall,
Vice-Pres., Calumet, Mich.; E. W. Allen, Treas. ; A. E. Miller, Sec.; A. E. Delf, And., Marquette,
Mich. ; Geo. H. Church, Asst. Sec. & Asst. Treas., 44 Wall St., New York, N. Y. GENERAL OFFICE,
Marquette, Mich.
MT7NISING RY.— - Munising to Little Lake, Mich., 38 m. ; branches, Stillman to Forster Jet.,
14.11 m. ; Vail to Acker, 1.56 m. ; Harth's to Petrel, 7.45 m. ; Forster June, to Ethel, 1.81 m. — total,
62.93 m. ; total track (steel; 56 Ibs.), 79.46 miles. Gauge, 4 ft. 8J in. Chartered July 3, 1895;
main line completed in 1897 ; branches opened in 1901 and 1902. Locomotives, 5. Cars — passen-
ger, 1; baggage, etc., 4; freight (box, 1; flat, 101), 102; service, 1 — total, 108.
Operations, year ending Dec. 31, 1902. — Trains run (passenger, 15,890; freight, 12,554;
mixed, 49,634 ; other, 4,668), 82,746 miles. Passengers carried, 35,575 ; carried one mile, 608,761.
Tons freight moved, 98,788; ton-miles, 2,038,904. Earnings (passenger, $17,174; freight, $44,-
782; other, $4,124), $66,080. Operating expenses, $74,460. Loss from operations, $8,380.
Charges: Interest on bonds, $6,400 ; other interest, $23,683 ; taxes, $5,623 ; other charges, $399 —
total, $36,105. Deficit for year, $44,486. Surplus forward, $4,509. Net deficit, $39,977.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $870,000; funded
debt (1st 4s of Oct. 1, 1925), $160,000; bills payable, $376,728; current liabilities, $47,659; in-
terest accrued, not due, $1,600 ; taxes, $5,486 ; other liabilities, $231,761 — total, $1,693,234.
Contra : Cost of road and equipment, $762,442 ; land department, $426,646 ; other investments,
$414,232; materials, etc., $11,495; cash and current assets, $38,441; profit and loss, $39,977 —
total, $1,693,234.
Directors (elected July 29, 1902). — Wm. G. Mather, J. H. Hoyt, Samuel Mather, Cleveland,
O. ; J. H. Wade, New York, N. Y. ; E. R. Perkins, Willoughby, O. OFFICERS : WM. G. MATHER.
Pres. & Treas., Cleveland, O. ; E. R. Perkins, Vice-Pres., Willoughby, O. ; R. C. Mann, Sec., Cleve-
land, O. GENERAL OFFICE, Marquette, Mich.
NORTHWESTERN COAL RY. — Allouez Bay, Wis., to Morrisets June.. 2.53 m. ; 2d track,
5.47 m. ; total track (steel; 60 Ibs.), 8 miles. Gauge, 4 ft. 8J in. Chartered Dec. 9, 1892. Loco-
motives, 2.
Operations, year ending Dec. 31, 1902. — Tons freight moved, 401,035 ; ton-miles, 1,014,618.
Gross traffic earnings, $23,76-7. Operating expenses, $18,496. Net earnings, $5,271. Payments:
Interest on bonds, $11,000 ; taxes, $825 — total, $11,825. Deficit, $6,554 ; deficit forward, $5,847—
total, $12,401.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $1,000,000; funded
debt (1st 5s of May 1, 1923 ; $2,000,000 auth.), $220,000 ; current liabilities, $933 — total, $1,220,-
933. Contra : Cost of road and equipment, $233,815 ; other permanent investment, $967,286 ; cash
and current assets, $7,431 ; profit and loss, $12,401 — total, $1,220,933.
Directors. — Francis L. Robbins, J. D. Nicholson, A. M. Neeper, Pittsburgh, Pa. ; C. E. Wales,
Chicago, 111. ; M. H. Taylor, Erie, Pa. ; A. W. Horton, Cleveland, O. ; H. H. Grace, Superior,
Wis. OFFICERS: FRANCIS L. ROBBINS, Pros., Pittsburgh, Pa.; A. W. Horton, 1st Vice-Pres..
Cleveland, O. ; H. H. Grace, 2d Vice-Pres.; C. P. White, Sec. & Treas., Superior, Wis.; C. E.
Wales, Gen. Mgr., Chicago, 111. PRINCIPAL OFFICE, Superior, Wis.
PAWNEE RR. — Pawnee to Auburn, 111., 9 m. ; total track, 9.5 miles. Rail (steel, 9 m.), 60
Ibs. Gauge, 4 ft. 8J in. Organized Dec. 20 and chartered Dec. 25, 1888 ; road completed in 1889.
Locomotives, 2. Cars — passenger, 1; freight (coal), 5 — total, 6. Capital stock ($100 shares),
$50,000.
Operations, year ending June 30, 1902. — Earnings (passenger, $5,720 ; freight, $16,713), $22,-
433. Operating expenses, $12,665. Net earnings, $9,768. Total deductions, $9,530. Surplus,
$238.
Financial Statement. June 30, 1902. — Capital stock ($100 shares), $50,000. No bonds or
other liabilities. Cost of road and equipment, $97,274. Cash and current assets, $1,345. Surplus,
$1,345.
Directors. — Morgan Jones, Henry Burrell, Hugh White, H. R. Davis, Hiram White, Pawnee,
POOR S MANUAL OP RAILROADS.
457
111. OFFICERS: MOBGAN JONES, Prcs.; Hugh White, Treas.; E. R. Lightcap. Sec.; E. W. Clifford.
Supt. & And., Pawnee, 111. GENERAL OFFICE, Pawnee, 111.
PEORIA AND PEKIN TERMINAL RY. — Peoria to Pekin, 11!., 10 m. ; Pekin to Cres-
cent, 111., 1.5 m. ; leased, Peoria Terminal RR., Iowa June, to Eaton St., Peoria, 9 m. ; trackage,
Central RR. of Peoria, city limits of Peoria to center of city, 5 m. — total, 25.5 m. ; 2d track, 7 m. ;
total track (steel; 70 IDS.), 32.5 miles. Gauge, 4 ft. 8J in. The Peoria Traction Co. was chartered
Aug. 26, 1897, the charter to endure for 50 years and the company to have the right to build and
operate a terminal system in and between Peoria and Pekin, 111. Municipal franchises for 30 years
were granted to the company on Oct. 15, 1898. The present corporate title was adopted in May,
1899 ; road opened May 1, 1900. The Peoria Terminal RR. is leased for 50 years from Dec., 1897.
Locomotives, 6. Cars — passenger, 5; baggage, mail, and express, 5; freight (box, 3; coal, 50),
53 ; other, 3 — total, 66. Electric cars— motor, 5 ; trail, 10 — total, 15. The electric equipment is
used for local passenger business; steam for freight and through passenger business.
Operations, year ending June 30, 1901 (latest reported). — Gross earnings, $73,741. Operat-
ing expenses, $74,956 ; interest, $37,340— total, $112,296. Deficit, $38,555.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock, $700,000; funded
debt (see below), $632,000; other liabilities, $75,863; total, $1,407,863. Contra: Cost of road,
$1,093,813; equipment, $150,512; stock owned, $100,250; sinking fund, $735; cash and current
assets, $12,554 ; profit and loss, $49,999— total, $1,407,863.
Funded Debt. — Bonds amounting to $150,000 are payable yearly from Jan. 1, 1905, to Jan. 1,
1929, while the remaining bonds are payable on Jan. 1, 1930. Interest is at the rate of 5 p. c. per
annum, payable Jan. and July ; both principal and interest are payable in gold.
Directors. — W. H. Trumbull, Salem, Mass. ; P. L. Saltonstall, Boston, Mass. ; L. E. Myers,
Chicago, 111. ; E. W. Wilson, W. T. Irwin, T. J. Miller, Benj. Warren, Jr., Peoria, 111. OFFICERS :
T. J. MILLER, Pies. ; B. Warren, Jr., Vice-Pres., Peoria, 111. ; P. L. Saltonstall, Treas., Boston,
Mass. ; L. E. Myers, Sec. £ Gen. Mgr., Chicago, 111. GENERAL OFFICE, Peoria, 111.
PEORIA AND PEKIN UNION RY. — Pekin, 111., to Peoria, 111., 10.14 m. ; Peoria, 111.,
to Hollis, 111., 8 m. — total, 18.14 miles. 2d track, 8.8 m. ; sidings, 56.06 miles. Gauge, 4 ft. 8J in.
Rail (steel), 67, 70, and 80 Ibs. Chartered Sept. 1, 1880; road opened Feb. 1, 1881. The Peoria
and Springfield RR. and that part of the Peoria, Pekin and Jacksonville Ry., extending between Peoria
and Pekin, were acquired by purchase. Locomotives, 18. Cars — passenger, 3; freight (box, 5;
flat, 1; coal, 288), 294; caboose, 1 — total, 298.
Operations, year ending June 30, 1902. — Trains run (passenger, 53,047; freight, 37,982),
91,029 miles. Tons freight moved, 270,581. Earnings (passenger, $19,680; freight, $56,235;
other, $733,902), $809,817. Operating expenses, $544,870. Net earnings, $264,947. Payments:
Interest on bonds, $157,155; taxes, $38,100; dividends (6 p. c.), $60,000; other charges, $32,951
— total, $288,206. Deficit, $23,259 ; surplus forward, $171,694— total, $148,435.
Capitalization, cost of property, etc., and results from operation, for seven years :
fears.
Capital
Stock.
Bonded
Debt.
1896 .... 1,000,000 2,994,000
1897 1,000,000 2,994.000
1898 1,000,000 2,994,000
1899. . . . 1,000,000 2,994,000
1900.... 1,000,000 2,994,000
1901... 1,000.000 2,994,000
1902 1,000,000 2,994,000
Cost and
RR.
Gross
Expen-
Net
Invest-
Oper-
Earn-
ses and
Earn-
ments.
ated.
ings.
Taxes.
ings.
I
Miles.
I
$
S
4,419,224
18.14
671,935
393,905
278,030
4,420,724
18.14
642,803
359,006
283,797
4,420,724
18.14
686,848
370,878
315,970
4,420,724
18-14
730,009
400,376
335,633
4,419,224
18.14
770,369
450,007
320,362
4,419,224
18.14
729,181
446,961
282,220
4,419,224
18.14
809,817
582,970
226,817
Net Interest Balance.
Income Charges, p • j (+or — ).
I I $ $
278,030 157,155 60,000 —29,553
157,155 60,000 -4-30,975
157,155 60,000 +22,520
157,155 60,000 +49027
157,155 60,000 —74,780
157,155 60,000 +29,088
157,155 60,000 -23.259
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,000,000; funded
debt, $2,994,000; betterments, $425,224; current liabilities, $131,890; interest accrued, not due,
$26,193; profit and loss, $148,435 — total, $4,705,742. Contra: Cost of road and equipment, $4,-
419,224 ; materials, etc., $37,862 ; cash and current assets, $248,656 — total, $4,705,742.
Owners and Tenants. — The capital stock is held as follows: Illinois Central RR. Co. and
Chicago, Peoria and St. Louis Ry. Co. of Illinois, each 2,500 shares ; Toledo, Peoria and Western
Ry. Co., 1,500 shares ; Chicago and Northwestern Ry. Co. and C., C., C. & St. L. Ry. Co., each 1,250
shares ; and Lake Erie and Western RR. Co., 1,000 shares. Each of these companies pays, in addi-
tion to terminal charges for handling its business and cars at Peoria, a yearly rental of $22,500 for
use of this company's tracks and facilities. Sufficient of this rental is pledged to payment of inter-
est on the 1st mtge. bonds. An annual rental of $22,500 is also paid by the Terre Haute and In-
dianapolis RR. Co., the Chicago and Alton RR. Co., and the Iowa Central Ry. Co., besides the usual
terminal charges for handling their business in Peoria.
Funded D-bt. — Funded debt, June 30, 1902, consisted of $1,495,000 1st gold 6s of Feb. 1,
1921, and $1,499,000 2d gold 4Js of Feb. 1, 1921.
Directors (as constituted March 10, 1903). — Term expires March, 1904: Curtis Millard, E. F.
Leonard, Peoria, 111. ; W. A. Gardner, J. T. Harahan, Chicago, 111. ; C. E. Kimball, New York, N. Y.
Term expires March, 1905 : C. E. Schaff, Cincinnati, O. ; J. C. Welling, Chicago, 111. ; Bluford Wil-
son, Springfield, 111. ; E. N. Armstrong, Peoria, 111. Term expires March, 1906 : J. A. Barnard,
Indianapolis, Ind. ; J. F. Wallace, Chicago, 111. ; W. H. Gridley, Springfield, 111. ; J. B. Cockrum,
Indianapolis, Ind. OFFICERS: CURTIS MILLARD, Pres. ; E. N. Armstrong, Vice-Pres.; F. L. Tomp-
kins. Gen. Supt.; H. K. Pinkney, Sec. & And.; J. F. Keifer, Treas., Peoria, 111. GENERAL OFFICE,
Peoria, 111.
PEORIA AND SPRINGFIELD RY. — Projected : Peoria to Springfield, 111., 65 miles of
main track and 10 miles of terminal and side tracks. Gauge, 4 ft. 8J in. Rail (steel), 70 Ib.i.
Organized May 1, 1901, under the laws of Illinois, to acquire a railroad as above. On July 1, 1901,
the company purchased the property and franchise rights of the Peoria and St. Louis Ry. Co., in-
cluding terminal options, and is now constructing the road. The object of the enterprise is to supply
railroad facilities for marketing the coal of the Sweetwater coal fields. The purchase of the Peoria
and St. Louis Ry. secured to this company 3 miles of finished road, a large amount of right of way,
grading, and materials (see MANTUAL for 1901, page 1506).
Financial Statement, June 30, 1902. — Capital stock authorized and subscribed ($1,000,000
common and $1,000,000 preferred; $100 shares), $2,000,000. Funded debt outstanding, $160,000
($1,500,000 auth. ) 1st 50-yr. 5s due July 1, 1951, secured on the entire property of the company.
The proceeds will be used to build the road, including terminals at South Peoria and a steel draw-
458 POOR'S MANUAL OP RAILROADS — CENTRAL NORTHERN ouoii1.
bridge over the Illinois River at Pekin, and to purchase the following equipment : 4 locomotives, 300
coal cars, 30 box cars, 3 passenger coaches, and 2 caboose cars. Provision has been made for an
issue of $950,000 6 p. c. collateral trust notes, payable in one year, $500,000 of which have been
subscribed. The $60,000 1st mtge. 5 p. c. bonds of the Peoria and St. Louis Ry. Co., maturing in
1936, have been assumed, and $60,000 of this company's bonds are deposited with Cummings & Co.,
20 Broad St., New York, to provide for their retirement. Fiscal Agents : Cummings & Co., New
York.
Directors. — D. L. Wing, Raymond C. Wing, Peoria, 111. ; Turney English, Springfleld, 111. ; T.
C. Delavan, New York, N. Y. ; H. S. Spooner, Chicago, 111. OFFICERS: D. L. WING, Pres.; H. S.
Spooner, Sec., Peoria, 111. GENERAL OFFICE, Peoria, 111.
PONTIAC, OXFORD AND NORTHERN RR.— Pontiac, Mich., to Caseville, Mich., 100.59
m. ; total track (steel; 56 Ibs.), 109.51 miles. Gauge, 4 ft. 8i in. Successor to Pontiac, Oxford
and Port Austin RR. (See MANUAL for 1893, page 978.) Locomotives, 7. Cars — passenger, 7;
baggage, etc., 1; freight (box, 45; flat, 61; stock, 4), 110; other, 2 — total cars, 120.
Operations, year ending Dec. 31, 1901. — Trains run (passenger, 66,081; freight, 47,882;
mixed, 71,280), 185,243 miles. Passengers carried, 119,060; carried one mile, 2,667,979. Tons
freight moved, 151,709; ton-miles, 4,755,180. Earnings (passenger, $61,420; freight, $132,644;
other, $11,530), $205,594. Operating expenses and taxes, $104,743. Net earnings, $100,921.
Deduct interest on bonds, $24,000; dividends (8 p. c.), $80,000 — total, $104,000. Deficit, $3,079.
Surplus forward, $27,487. Net surplus, $27,408.
General Balance Sheet, Dec. 31, 1901. — Capital stock ($100 shares), $1,000,000; funded
debt (1st 6s of July 1, 1916), $400,000; unfunded debt, $25,297; profit and loss, $24,408 — total,
$1,449,705. Contra: Cost of road and equipment, $1,410,611; materials, etc., $8,735; other
assets, $30,358 — total, $1,449,705.
Directors. — -Hugh Porter, George W. Debevoise, H. A. O'Brien, S. A. Demorest, New York,
N. Y. ; A. C. Baldwin, W. C. Sanford, P. H. Carroll, Pontiac, Mich. OFFICERS : HUGH PORTER,
Pres. & Treas.; Geo. W. Debevoise, Vice-Pres. ; H. A. O'Brien, Sec., New York, N. Y. ; F. H. Car-
roll, Aud., Pontiac, Mich. GENERAL OFFICE, Pontiac, Mich.
PORT HURON SOUTHERN RR.— June, with Pere Marquette RR. to Port Huron Salt
Co.'s plant, Port Huron, Mich., 2.9 m. ; branch, 0.75 m. — total, 3.65 miles; total track (steel). 3.88
miles. Gauge, 4 ft. 8| in. Chartered Jan. 25, 1900 ; opened Jan., 1901. A switching road, con-
necting the works of the Port Huron Salt Co. at Port Huron, Mich., with the Pere Marquette RR.,
owns 1 locomotive and 2 surface cars.
Operations, year ending Dec. 31, 1902. — Earnings ( freight X, $10,082. Operating expenses,
$5,736. Net earnings, $4,346 ; other receipts, $28 — total, $4,374. Payments : Interest on floating
debt, $995; taxes, $147; other charges, $171 — total, $1,313. Surplus, $3,061; deficit forward,
$413 ; net surplus, $2,648.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($50,000 auth. ; $100 shares), $15,-
000 ; notes payable, $17,250 ; current liabilities, $2,602 ; profit and loss, $2,648 — total, $37,500.
Contra: Cost of road and equipment, $31,999; materials, etc., $516; insurance, $101; cash and
current assets, $4,884 — total, $37,500.
Directors. — W. L. Jenks, Otto Huette, H. G. Barnum, Port Huron, Mich. ; P. Reiss, G. Huette,
Sheboygan, Wis. OFFICERS : W. L. JENKS, Pres., Port Huron, Mich. ; P. Reiss, Vice-Pres., Sheboy-
gan, Wis.; H. G. Barnum, Treas.; Otto Huette, Sec., Port Huron, Mich. GENERAL OFFICE, Port
Huron, Mich.
ST. CLAIR, MADISON AND ST. LOUIS BELT RR.— Alton, 111., to West Alton, Mo.,
2.80 m. ; total track (steel; 65 Ibs.), 3.40 miles. Gauge, 4 ft. 8J in. Chartered in May, 1890;
road opened in May, 1894. Receiver appointed Jan. 15, 1897, and discharged June 19, 1901. In
April, 1901, reorganized without foreclosure, per following plan of reorganization dated Jan. 2,
1901 : Issue a 1st mtge. to secure an issue of $800,000 4 p. c. 50-yr. bonds, dated Jan. 1, 1901,
interest Jan. and July, with which to take up the present 1st mtge. of $600,000, with all arrears of
interest at $1,250, in new 4 p. c. bonds for each $1,000 of old bonds, with all past due coupons
attached. This will take $750,000 of the proposed issue, leaving $50,000 in bonds. The parties
who own the judgment will take nearly the whole amount due them in bonds at par. There will
then be left in the treasury, $30,000. in bonds for future use as occasion may require. The
company owns 1 locomotive and leases 1 passenger car.
Operations, year ending June 30, 1902. — Earnings (passenger, $16,228; freight, $52,879;
other, $1,609), $70,716. Operating expenses, $25,272. Net earnings, $45,444.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock ($2,000,000 auth.;
$100 shares), $900,000; funded debt (1st gold 4s of Jan. 1, 1951), $776,000; current liabilities,
$23 823 — total, $1,689,823. Contra : Cost of road, $1,500,000 ; cash and current assets, $73,426 ;
profit and loss, $80,870 — total, $1,654,296.
Directors. — E. F. Leonard, Springfield, 111. ; Edwards Whitaker, L. A. Handy, St. Louis, Mo. ;
F M. Homer, East St. Louis, 111. ; Wm. Graham, Alton, 111. OFFICERS : JOHN F. BARNARD, Pres.,
Alton, 111.; Edwards Whitaker, Vice-Pres.; L. A. Handy, Treas., St. Louis, Mo.; Wm. Graham,
Supt., Alton, 111. GENERAL OFFICE, Alton, 111.
ST. LOUIS, BELLEVILLE AND SOUTHERN RY. — East St. Louis to Belleville, 111..
13 m. ; total track (steel; 60 Ibs.), 14.68 miles. Gauge, 4 ft. 8J in. Chartered as the Belleville
City Ry. Co. in Feb., 1867 ; present name adopted on March 15, 1895. Road opened as above in
May 1895. Locomotive, 1. Cars — flat, 20 ; coal, 100 ; caboose, 1 — total, 121. Capital stock
($500,000 auth.), $398,000. Funded defft (1st 5s of 1913), $500,000. Cost of road, $467,875.
Operations, year ending June 30, 1902. — Tons freight moved, t3,881 ; ton-miles, 376,624.
Earnings (freight, $12,819; other, $8,207), $21,026. Operating expenses, $10,806; taxes, $2,174
— total, $12,980. Net earnings, $8,046.
Directors. — J. C. Welling, J. T. Harahan, J. F. Titus, C. F. Parker, Chicago, 111. ; G. A. Koer-
ner, Belleville, 111. OFFICERS : C. F. PARKER, Pres., Chicago, 111. : J. F. Titus, Vice-Pres. ; W.
G. Bruen, Sec., Chicago, 111. ; B. T. H. Gibson, Treas., New York, N. Y. GENERAL OFFICE, Chi-
cago, 111.
ST. LOUIS, TROY AND EASTERN RR. — East St. Louis to Troy, 111., 26.83 miles.
Gauge, 4 ft. 8| in. Rail (steel), 60 Ibs. Chartered Aug. 16, 1899. Locomotives, 4; freight cars,
724. Capital stock, $350,000. Funded debt (1st gold 6s of Dec. 1, 1919, redeemable after Dec. 1,
1904), $600,000.
Operations, year ending June 30, 1902 (aver., 19.94 miles). Earnings (freight, $169,499;
POOR'S MANUAL OF RAILROADS. 459
other, $110), $169,609. Operating expenses, $51,389. Net earnings, $118,220; other receipts,
$18,673 — total, $136,893. Total deductions, $42,071. Surplus for year, $94,822.
Directors. — Edwin H. Conrades, J. L. Winkelmeyer, F. J. Traunmiller, St. Louis, Mo. ; Robert
Bethmann, S. D. Sexton, W. S. Forman, D. M. Browning, East St. Louis, 111. OFFICERS : EDWIN
H. CONRADES, Prcs. £ Pur. Agt., St. Louis, Mo. ; W. S. Forman, Vicc-Pres., East St. Louis, 111. ; J.
L. Winkelmeyer, Sec. & Treaa. ; W. F. Gould, Asst. Sec. <& Asst. Treos. ; E. C. Donk, Gen. Mgr. ;
Beriah Warren, Supt., St. Louis, Mo. OFFICE, 314 North Fourth St., St. Louis, Mo.
TOLEDO RAILWAY AND TERMINAL CO. (THE).— Belt line around Toledo, O.,
31 miles. Gauge, 4 ft. 8J in. Chartered in Sept., 1900, to build a double track Belt Line around
Toledo, O. ; completed Sept. 1, 1903. Capital stock ($5,000,000 auth.), $2,500,000. Funded debt,
$3,500,000 (auth.), 1st mtge. 4J p. c. 40-yr. gold bonds, due Feb. 1, 1942, interest Feb. and Aug.
at the office of the trustee, the Commonwealth Trust Co., St. Louis, Mo. OFFICERS : H. E. King,
Prcs. ; F. W. Caughling, Sec. ; T. F. Whittelsey, Gen. Mgr., Toledo, O. GENERAL OFFICE, Toledo, O.
WABASH, CHESTER AND WESTERN RR.— Chester, 111., to Mount Vernon, 111.,
63.33 m. ; Chester to Menard, 111., 1.50 m. — total, 64.83 m. ; total track, 69.62 miles. Gauge, 4 ft.
8J in. Rail (steel, 64.58 m.), 60 Ibs. (For history, see MANUAL for 1894, page 146.) Locomotives,
5. Cars — passenger, 3; combination, 2; freight (box, 10; flat, 4; coal, 65), 79; service, 6 —
total, 90.
Operations, year ending June 30, 1902. — Trains run (passenger, 54,934; freight, 19,854;
mixed, 32,784), 107,572 miles. Passengers carried, 60,446; carried one mile, 1,003,044. Tons
freight moved, 113,280; ton-miles, 2,904,297. Earnings (passenger, $24,692; freight, $62,830;
other, $10,260), $97,782. Operating expenses, $72,654. Net earnings, $25,128. Payments: In-'
terest on bonds, $34,500; taxes, $6,619 — total, $41,119. Deficit, $15,991; deficit forward, $152,-
020 — total, $168,011.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,250,000; funded
debt, $690,000 ; current liabilities, $18,446 ; interest accrued, $175,800 — total, $2,134,246. Contra :
Cost of road and equipment, $1,951,103 ; materials, etc., $3,490 ; cash and current assets, $11,642 ;
profit and loss, $168,011 — total, $2,134,246.
Funded debt, June 30, 1902, consisted of $300,000 1st gold 5s of July 1, 1918, secured on the
line from Chester to Tamaroa, 111., 42.33 miles; and $390,000 consol. gold 5s of Jan. 1, 1928, se-
cured on the entire property of the company, but subject to the 1st mtge. bonds.
Directors. — Nathan Cole, St. Louis, Mo. ; C. B. Cole, H. C. Cole, J. J. Morrison, H. C. Horner,
Chester, 111. OFFICERS : NATHAN COLE, Pres., St. Louis, Mo. ; Charles B. Cole, Vice-Pres., Treas.
A Gen. Mgr.; C. E. Kingsbury, Aud. ; H. C. Cole, Sec., Chester, 111. GGJJJSKAL OFFICE, Chester, 111.
WAUKEGAN .AUD MISSISSIPPI VALLEY RR.— Waukegln to North Chicago, 111.,
3.75 m. of main track and 6.25 m. of side track ; used for the present solely for switching business.
All tracks owned by the American Steel and Wire Co. The company was chartered Aug. 28, 1893,
to build about 40 m. of railroad in Lake County, 111. Road opened as above in 1896. Locomotives-,
4. Cars (freight), 124.
Operations, year ending June 30, 1902. — Gross earnings (switching, etc.), $43,926. Operat-
ing expenses, $21,666. Net earnings, $22,260. Total deductions, $21,722 (including dividend,
$12,000). Surplus, $538.
General Balance Sheet, June 30, 1900 (latest rendered). — Capital stock, $60,000; current
liabilities, $6,519 — total, $66,519. Contra: Cost of equipment, $60,000; current assets, $37-
profit and loss, $6,482 — total, $66,519.
Directors. — Wm. Edenborn, W. P. Palmer, J. S. Keefe, Chicago, 111. OFFICERS : J. S. KEEFE,
Pres.; A. F. Allen, Sec. & Treas., Chicago, 111. GENERAL OFFICE, Rookery Building, Chicago, 111.
WISCONSIN AND MICHIGAN RY.— Peshtigo, Wis., to Faithorn June.. Mich.. 57.10 m. ;
Hammond to end of track, 1.45 m. — total, 58.55 m. ; C., M. & St. P. Ry. (trackage), Bagley June.,
Wis., to Menominee, Mich., 8.52 m. ; total operated, 67.07 miles. Gauge, 4 ft. 8i in. Chartered
Oct. 26, 1893. Construction commenced in April, 1894 ; road opened Jan. 1, 1895 ; main line ex-
tended Sept. 1, 1896. The Wisconsin, Michigan and Northern Ry. Co. was chartered Nov. 17, 1898,
to build an extension of this line from Faithorn June, to Iron Mountain. Mich., 30 miles, of which
the section from Faithorn June, to Quinnesec, 16 miles, is under construction. Locomotives, 5.
Cars — passenger, 2; freight (box, 92; flat, 110; hay, 2; board, 4), 208 — total, 210.
Operations, year ending June 30, 1902. — Trains run (passenger, 51,414; freight, 41,604;
other, 69,889), 162,907 miles. Passengers carried, 21,419; carried one mile, 487,984. Tons
freight moved, 157,119; ton-miles, 4,335,450. Earnings (passenger, $17,040; freight, $79,911;
other, $3,396), $100,346. Operating expenses, $95,642. Net earnings, $4,704. Deductions: In-
terest on bonds, $47,550 ; other interests, $6,728 ; taxes, $1,364 — total, $55,642. Deficit, $50,938 ;
deficit forward, $199,164 — total, $250,102.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $951,500; funded
debt (1st gold 5s of Jan. 1, 1945), $951,000; current liabilities, $096,472 — total, $2,598,972.
Contra: Cost of road and equipment, $1,994,244; materials, etc., $39,313; cash and current as-
sets, $315,313 ; profit and loss, $250,102 — total, $2,598,972.
Directors. — J. N. Faithorn, John P. Hopkins, John R. Walsh, John C. Ames, Chicago 111. • C.
H. Worcester, Marinette, Wis. OFFICERS: JOHN P. HOPKINS, Pres.; O. A. Koss, Sec. & Aud. • B
Shaw, Treas., Chicago, 111. GENERAL OFFICE, Grand Central Passenger Station, Chicago, 111.
ZANESVILLE TERMINAL RR. — Muskingum to'Spangler, O., 1.7 m. ; Market Street to
Belt Line, 0.3 m. ; Spangler to B. & O. Crossing, 2.62 m. — total, 4.62 m ; total track (steel; 60
Ibs.), 8.26 miles. Chartered April 7, 1902, to take title to the property of the Zanesville Terminal
Ry. Co., which was sold under foreclosure on March 22, 1902. The company is controlled by the
Zanesville and Western Ry. Co. and the Cincinnati and Muskingum Valley RR. Co.
Operations, from March 23, 1902, to Dec. 31, 1902. — Rentals received from Z. & W. Ry. Co
$6.176; other receipts, $818 — total, $6,994. Deductions: Expenses, $578 ; rental pc.id to B. & O
RR. Co., $720 ; taxes, $285 — total, $1,583. Surplus, $5,411.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $300,000; current
liabilities, $349 ; taxes accrued, $100 ; profit and loss, $5,411 — total, $305,860. Contra • Cost
of road, $296,864 ; cash, $7,666 ; current accounts, $1,330 — total, $305,860.
Directors (elected March 2, 1903). — James H. Hoyt, Cleveland, O. ; James McCrea, E L.
Taylor, Joseph Wood, Pittsburgh, Pa. ; E. L. McCune, N. Monsarrat, W. N. Cott, Columbus O
OFFICERS: JAMES M. MCCREA, Pros., Pittsburgh, Pa.; N. Monsarrat, Vice-Pres.; W. N. Cott Sec.
& Treas.; Louis P. Ecker, Aud., Columbus, O. GENERAL OFFICE, Columbus, O.
460
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
SOUTHWESTERN GROUP— States of Missouri, Arkansas,
Texas, Kansas and Colorado; Territories of New Mexico
and Oklahoma ; Indian Territory.
THE ATCHISON, TOPEKA AND SANTA FE RAILWAY SYSTEM.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 14
Directors and Officers 22
Earnings, Exp., etc., 1902... 8. Sa
Earnings, Exp., 1896-1902.... 9
Extensions, Projected 7
Funded Debt, Details of 15
Funded Debt, Lien of 4
Gen. Bal. Sheet, June 30, 1902. 12
Gen. Bal. Sheet, 1901-1902. . . 13
History 3
Income Acct., June 30, 1902.8, SA
Income Acct, 1897-1902 9
Investments in Detail 20
Lines Oper'd, June 30, 1902.. 2
Mileage of System 1
Operations, 1896-1902 9
Petroleum Property 5
Profit and Loss Acct., June
30, 1902 10
1897-
Proflt and Loss Acct.,
1902 11
Proprietary Lines 1, 21
Railroad Franchises, etc 17
Rolling Stock 6
San Francisco Terminals 1
Securities in Treasury 19
Stocks and Bonds Pledged as
Security for Funded Debt. 20
1. Mileage of System, June 30, 1902.— A. OPERATED AS A., T. & S. F. Ry
The Atchison, Topeka and Santa Fe Railway 4,843.61 miles.
Gulf, Colorado and Santa Fe Railway 1,177.81 "
Santa Fe Pacific Railroad 875.30 "
Southern California Railway 478.33
San Francisco and San Jcaquin Valley Railway 372.48 "
Southern Kansas Railway of Texas 129.17 "
Total length of lines operated as A., T. & S. F. Ry
B. CONTROLLED ROADS, OPERATED SEPARATELY (788.12 miles).
Beaumont Wharf and Terminal Company
California Eastern Railway
Grand Canyon Railway
Gulf, Beaumont and Kansas City Railway
Gulf, Beaumont and Great Northern Railway
Pecos Valley and Northeastern Railway
Santa Fe, Pi escott and Phoenix Railway
Prescott and Eastern Railroad
C. OWNED JOINTLY WITH OTHER COMPANIES (68.27 miles).
Kansas Southwestern Ry. (Atchison's half of 59.70 m.)
Leavenworth and Topeka Railway (Atchison's half of 46.57 m.)
Sunset Railroad (Atchison's half of 30.28 m.)
7,876.70 miles.
3.41
45.44
66.45
62.37
11.22
370.24
202.39
26.40
29.85
23.28
15.14
Total mileage of system, June 30, 1902 8,733.09 miles.
Proprietary Lines, Included in System. — The Atchison, Topeka and Santa Fe Ry. Co.
owns all the securities of the Rio Grande and El Paso RR. Co., Southern Kansas Ry. Co. of
Texas, Gulf, Colorado and Santa Fe Ry. Co., and Southern California Ry. Co. (except a
small outstanding interest). The Southern Kansas Ry. of Texas, and Gulf, Colorado and
Santa Fe Ry., being corporations of the State of Texas, are operated by their own officers,
but for convenience the statistics of both of them are consolidated with those of The Atchi-
son, Topeka and Santa Fe Ry. Co.
Controlled Eoads, Operated Separately.— The AtcLison, Topeka and Santa Fe Ry. Co.
owns practically all the stock and bonds of the California Eastern Ry. Co. and Pecos Valley
and Northeastern Ry. Co.; all the stock and $2,963,000 out of $2,964,000 2d mortgage
bonds of the Santa Fe, Prescott and Phoenix Ry. Co. ; more than 60 per cent, of the stock
of the Grand Canyon Ry. Co.; half the stock of the Kansas Southwestern Ry. Co.. Leaven-
worth and Topeka Ry. Co. and Sunset RR. Co. ; and owns or controls practically all the
(Continued on page 462.)
POOR'S MANUAL — THE ATCHISON, TOPEKA AND SANTA FE SYSTEM. 461
2. Lines Operated. — Statement in detail of the lines comprised in the Atchison
Railway System, the operations of which are included in the statistics for the year
ending June 30, 1902:
ATCHISON, TOPEKA AND SANTA FE. RY.
A., T. & S. F. Ry. proper (4,712.16 m.) ; Miles.
Chicago, 111., to Kansas City, Mo., (inc.,
7.87 m. leased) 452.80
Ancona to Pekin, 111. (inc., 5.91 m. leased) 58.44
No. Lex. to Winthrop, Mo. (inc., 19.56 m.
leased) 9601
Atchison, Kan., to Denver, Col 736.96
Kansas City, Mo., to Topeka, Kan 66.04
Wilder to Hawthorne, Kan 45.41
Lawrence to North Ottawa, Kan 26.52
Burlingame to Alma, Kan 34.30
Osage City to Quenemo, Kan 19.42
North Ottawa to Emporia Junction, Kan. 54.26
Emporia to Moline, Kan 83.23
Benedict Junction to Madison June., Kan. 40.57
Bazar to Strong City, Kan : 11.68
Neva, Kan., to Superior, Neb. ( inc., 2.53
m. leased) 154.36
Abilene to Salina, Kan 22.56
Manchester to Barnard, Kan 43.56
Florence to Ellinwood, Kan 38.21
Little River to Holyrood, Kan 26.30
Florence to Winneld, Kan 72.73
Augusta to Mulvane, Kan 20.41
Newton, Kan., to Purcell, I. T 232.65
Wichita to Pratt, Kan 79.77
Mulvane to Englewood, Kan 166.38
Mulvane to Caldwell, Kan 37.01
Hutchison, Kan., to Ponca City, O. T 142.29
Hutchison to Kinsley. Kan 83.63
Great Bend to Scott City, Kan 120.07
Lamed to Jetmore, Kan 46.33
Pueblo to Canyon City, Col 40.23
Clelland to Rockvale, Col..- 3.53
Holliday, Kan., to Texas State Line 442.21
Burlington Junction to Gridley, Kan 52.36
Colony to Yates Center, Kan 24.71
Chanute to Fittsburg, Kan 57.71
Chanute to Longton, Kan 44.18
Cherryvale to Coffeyville, Kan 17.98
Independence to Cedarvale, Kan 54.79
Niotaze, Kan., to Owasso, I. T. (inc. 6.61
m. leased) 63.46
Wellington, Kan., to Tonkawa, O. T 43.36
Attica to Medicine Lodge, Kan 21.08
La Junta, Col., to Deming, N. M 578.82
Las Vegas to Hot Springs, N. M 8.09
Lamy to Santa Fe, N. M 18.13
Socorro to Magdalena, N. M 27.39
Rincon, N. M., to Texas State Line 56.74
Nutt to Lake Valley, N. M 13.52
Deming to Silver City, N. M 46.50
Whitewater to Santa Rita, N. M 18.81
Hanover Junction to Fierro, N. M 6.66
Eastern Oklahoma, Ry. (100.68 m.) : Miles.
Guthrie to Ralston, O. T 89.76
Ripley to Gushing, O. T 10.93
Guthrie & Western Ry. :
Seward to Cashion, O. T 10.60
Rio Grande & El Paso RR. :
Texas State Line to El Paso, Tex 20.17
Total, Atchison,Topeka & Santa Fe Ry. 4,843.61
GULF, COLORADO AND SANTA FE RY.
Galveston, Tex., to Purcell, Ind. Ter 518.67
Alvin to Houston, Tex 25.66
Somerville to Silsbee, Tex 153.24
Temple to San Angelo, Tex 229.28
Coleman Junction to Coleman, Tex 6.28
Cleburne to Weatherford, Tex 39.90
Cleburne to Paris, Tex 154.36
Wolfe City to Sherman, Tex. (leased) 38.70
Ladonia to Honey Grove, Tex 11.72
Total 1,177.81
SANTA FE PACIFIC RR.
Isleta, N. M., to Bakersfleld, Cal. (inc.
309.65 m. leased) 875.30
SOUTHERN CALIFORNIA RY.
Barstow to Los Angeles, Cal 141.12
Los Angeles to National City, Cal 131.98
San Bernardino to Orange, Cal 47.21
San Bernardino to Highland June., Cal 25.39
High Grove to Temecula, Cal 45.38
Perris to San Jacinto, Cal 19.44
Elsinore June, to Alberhil, Cal 7.76
Redondo June, to Redondo, Cal 20.59
Los Angeles Junction to Fallbrook, Cal — 18.16
Escondido June, to Escondido, Cal 21.30
Total 478.33
SAN FRANCISCO & SAN JOAQUIN VAL. RY.
BaKersfleld to Point Richmond, Cal 304.07
Calwa Junction to Corcoran Junction, Cal. 68.41
Total 372.48
SOUTHERN KANSAS RY. OF TEXAS.
State Line to Amarillo, Tex. (Inc. 14.04 m.
leased) 129.17
RECAPITULATION.
Atchison, Topeka and Santa Fe Ry 4,843.61
Gulf, Colorado and Santa Fe Ry 1,177.81
Southern California Ry 478.33
Santa Fe Pacific RR 875.30
San Francisco and San Joaquin Valley Ry. 372.48
Southern Kansas Railway of Texas 129.17
Grand Total, Atchison System 7,876.70
Total operated mileage of the Atchison Railway System, June 30, 1902 7,876.70 miles.
Add mileage owned but not operated — Sonora Ry. Co. (Limited) 262.61
New Mexico and Arizona RR 87.78 "
Total mileage of the Atchison Railway System, June 30, 1902 8,227.09 miles.
Deduct mileage of lines operated, but not owned, as follows :
Southern Pacific RR. : Needles to Mojave, Cal 242.37 m.
Mojave to Kern Junction, Cal 67.28 m.
Sf, Louis Southwestern Ry. : Wolfe City to Sherman, Tex 38.70 m.
Fort Worth and Denver City Ry. : Washburn to Amarillo, Tex 14.04 m.
Fremont, Elkhorn and Missouri Valley RR. : State Line to Superior,
Neb 2.53 m.
Toledo, Peoria and Western Ry. : Streator June, to Pekin June., Ill .... 5.91 m.
Kansas City Belt Ry. : Big Blue Junction to Kansas City, Mo 6.44 m.
Chicago, Rock Island and Pacific Ry. : St. Joseph, Mo., to Atchison,
Kan 19.56 m.
Missouri Pacific Ry. : Niotaze, Kan., to Indian Territory Line 6.61 m.
Chicago and Western Indiana Ry. : Chicago Terminal 1.43 m. — 404.87 "
Mileage owned absolutely or controlled by ownership of securities, June 30, 1902. .7,822.22 miles.
2d track, 85.50 m. ; yard track and sidings, 1,873.35 m. ; total track (steel, 9,167.27 m.),
9,835.55 miles. Gauge, 4 ft. 8% in. Rail, 56 to 75 Ibs.
POOR S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
stock of the Beaumont Wharf and Terminal Co., Gulf, Beaumont and Kansas City Ry. Co.,
Gulf, Beaumont and Great Northern Ry. Co. and Prescott and Eastern RR. Co. The Kan-
sas Southwestern Ry., the Leavenworth and Topeka Ry., and the Sunset RR. are operated
by their own organizations, and the statements for them will be found elsewhere in
the MANUAL (see GENERAL INDEX) ; the operations of the other companies named are
controlled by The Atchison, Topeka and Santa Fe Ry. Co., and the statements for those
companies are subjoined hereto.
San Francisco Terminals. — Freight terminals in San Francisco are supplied by the
Santa Fe Terminal Co., of California, all of whose capital stock is owned by The Atchison,
Topeka and Santa Fe Ry. Co. By virtue of a contract with the Harbor Commissioners of
San Francisco, approved by the Legislature, a lease has been made for 50 years of a tract of
partially submerged land known as ' ' China Basin, ' ' containing about 35 acres. The condi-
tions of the lease are that, in addition to a nominal rental, the Terminal Company shall
build a sea-wall and reclaim the land from the tide.. There have also been purchased
by the Santa Fe Terminal Co. certain lots south of and adjoining "China Basin," con-
taining about 17 acres. In order to obtain material for the work of reclamation it
has been found advisable to purchase additional real estate in San Francisco to the
value of upward of $400,000. The cost of improvements on the water front is estimated
at $750,000. The work of filling "China Basin" is progressing satisfactorily. Con-
siderable use has been made of this property for switching and distributing purposes,
though much remains to be done to bring the entire yard up to grade. When com-
pleted the terminals in San Francisco, in addition to those used at present, will con-
sist of about 52 acre's on the water front with total water frontage of 3,811 feet, together
with about 46 acres located slightly inland, which latter may be sold or used for
railway purposes as may be deemed advisable.
3. History. — Incorporated under the laws of Kansas, Dec. 12, 1895, as successor
to the Atchison, Topeka and Santa Fe RR. Co., whose property was sold under fore-
closure on Dec. 10, 1895. (See MANUAL for 1898, page 276.) Possession was taken
on Jan. 1, 1896. The company then acquired the fee simple of the line from Atchison
to the western boundary of the State of Kansas, 470.41 miles, and the securities repre-
senting the ownership of the rest of the system. Since then conveyances have been
executed from time to time vesting in the company the fee simple of various other proper-
ties as follows: Mississippi River RR.and Toll Bridge, 0.61 mile; Sibley Bridge, 0.76 mile;
Wichita and Western Ry., 79.77 miles; Kansas City, Topeka and Western RR., 66.04
miles; Leavenworth, Northern and Southern Ry., 45.41 miles; Southern Kansas Ry.,
834.06 miles; New Mexico and Southern Pacific RR., 371.76 miles; Rio Grande, Mexico
and Pacific RR., 185.14 miles; New Mexican RR., 52.47 miles; Silver City, Deming and
Pacific RR., 46.50 miles; Burlingame and Northwestern Ry., 34.30 miles; Silver City
and Northern RR., 14.53 miles; Hutchinson and Southern Ry., 142.29 miles; Kansas
and Southeastern RR., 9.07 miles; Santa Rita RR., 4.28 miles; Hanover RR., 6.66
miles; Denver and Santa Fe Ry., 116.33 miles; Pueblo and Arkansas Valley RR., 290.13
miles; Blackwell and Southern Ry., 15.94 miles; St. Joseph, St. Louis and Santa Fe
Ry., 76.45 miles; Chicago, Santa Fe and California Ry., 491.09 miles; Kansas, Okla-
homa Central and Southwestern Ry., 56.85 miles; Kansas City, Emporia and Southern
Ry., 83.23 miles; Florence, El Dorado and Walnut Valley RR., 72.73 miles; Marion
and McPherson Ry., 98.21 miles; Wichita and Southwestern Ry., 115.18 miles; Chicago,
Kansas and Western RR., 887.24 miles; San Francisco and San Joaquin Valley Ry.,
372.48 miles; and Atchison, Topeka and Santa Fe RR. in Chicago, 6.43 miles. The
general and adjustment mortgages of The Atchison, Topeka and Santa Fe Ry. Co.
have been duly recorded and have become a direct lien on all of the properties named.
The bonds and stocks of the several absorbed companies, therefore, are no longer
listed on the statement of securities pledged as collateral security for the funded debt.
4. Lien of Funded Debt. — The absolute title to 5,044.56 miles of railroad, together
POOR'S MANUAL — THE ATCHISON, TOPEKA AND SANTA PE SYSTEM. 463
with all the company's equipment and the terminal properties in Chicago, is now vested in
The Atchison, Topeka and Santa Fe Ry. Co., and the general mortgage and adjustment
mortgage are direct liens thereon. The general mortgage is a first lien upon all this prop-
erty except parts of the Chicago and Panhandle Divisions, which are subject to outstanding
divisional bonds amounting to $2,324,000 in the aggregate, and The San Francisco and
San Joaquin Valley Line, which was recently conveyed to The Atchison, Topeka and
Santa Fe Ry. Co., subject to a mortgage for $6,000,000. Under an Act of Congress
recently obtained it is proposed at an early day to cause the Santa Fe Pacific RR. to
be conveyed to The Atchison, Topeka and Santa Fe Ry. Co., and this property there-
upon will also become subject to the general mortgage and adjustment mortgage as
first and second mortgages respectively.
5. Purchase of Petroleum Property. — Having become satisfied that petroleum is to be
the fuel of the Pacific Coast, and realizing the necessity of an adequate supply, this com-
pany purchased the entire capital stock of the Petroleum Development Company of Cali-
fornia, which controls about 1,500 acres in the " Kern River " petroleum field. About 500
acres are " proven " oil-bearing land, estimated by experts to contain oil enough to supply
fuel for the "Atchison" lines from San Francisco to Seligman, Ariz. (831.68 miles), as well
as floating equipment in San Francisco Bay, for about one hundred years at the present
rate of consumption, with every reason to suppose that the remaining 1,000 acres will
also be oil bearing. An ample supply of cheap fuel is thus assured for the future.
6. Rolling Stock, June
PASSENGER TRAIN.
First Class Coaches 281
Second Class Coacbes 46
Chair 115
Coach and Baggage •. 38
Coach and Mail 11
Coach, Mail and Baggage.. 29
Composite 9
Baggage and Express 12
Baggage, Mail and Express. 189
Business 25
Dining 22
Parlor 5
Total . . . 782
30, 1902. — Locomotives, 1,312. Cars as follows:
FREIGHT TRAIN.
Box 13,235
Stock 4,064
Coal 8,664
Flat 2,183
Caboose 553
Fruit (Freight) 62
Refrigerator 2,806
Furniture 1,653
Beer 37
Oil Tank 944
Total 34,201
MISCELLANEOUS.
Derrick 20
Pile Driver 20
Steam Shovel 12
Boarding 14
Water 106
Snow-plow 3
Tool 1
Paint 3
Ballast 1,188
Other 20
Total 1,387
7. Extensions Under Way or Projected. — About 250 miles of line are under construc-
tion in Eastern Oklahoma, under the charter of the Eastern Oklahoma Ry. Co. The line
will extend from Kildare, Okla., to Pauls Valley, Ind. T., passing through an excellent agri-
cultural region. As the grade will be but 31.7 feet to the mile, the extension will form part
of a through line to the south more favorable to economic operation than the present main
line. On May 1, 1903, there had been completed 112 miles, and 72 miles additional were
under construction. Bonds amounting to $5,645,000, secured by first mortgage on the road,
have been issued to meet the cost of the work (see Sec. 16). Under the charter of the
Bradshaw Mountain RR. Co. a line is being constructed from Mayer Station to
Crowned King Mine, Ariz., about 27 miles, with a branch from Huron, Aria., to or
near the head of Big Bug Creek, about 8 miles; on May 1, 1903, the road was prac-
tically finished. It will be operated under lease by the Santa Fe, Prescott and Phoenix
Ry. Co. The Kiowa, Chickasha and Fort Smith Ry. Co. was incorporated in Kansas,
July 13, 1899, to build a line from Kiowa, Kan., in a southeasterly direction through
Kansas, Oklahoma and Indian Territory to Fort Smith, Ark., a distance of about
450 miles. The Atchison, Topeka and Santa Fe Ry. Co. owns practically the whole
capital stock of the company. The Eastern Ry. Co. of New Mexico, incorporated
Oct. 30, 1902, in the interest of The Atchison, Topeka and Santa Fe Ry. Co., pro-
poses to build in New Mexico a line from Rio Puerco, on the Santa Fe Pacific RR.,
to Texico, on the Pecos Valley and Northeastern Ry., about 265 miles, with two ^branches
aggregating about 120 miles — a total of 385 miles.
464
POOR'S MANUAL OF RAILROADS SOUTHWESTERN GROUP.
8. General Income Account, year ending June 30, 1902.
Earnings — Passenger $13,439,384 57
Freight 41,815,607 05
Mail and Express 3,089,122 85
Miscellaneous 790,971 06
otal (J7.527.97 per mile) $69,135,085 53
Expenses— Maint. Way and Struc 16,141,46639
Maintenance of Equipment. 7,864,951 25
Transportation 18,442,437 66
General Expenses .'. . . 1,460,413 33
Total ($4,316.69 per mile) $33,909,26863
Net earnings (42.66 p. c.), $25,225,816.90; add interest and discount, $428,444.78;
income from investments, $706,247.34; sundry adjustments, $6,166.68 — total, $26,366,-
675.70. Payments: Taxes, $1,743,653.47; rental of tracks and terminals, etc., $368,-
326.44; interest on bonds, $6,385,145; interest on adjustment bonds, $2,053,840; advances
to subsidiary companies, $171,928.16; depreciation of securities, $12,643.34; land depart-
ment account (net), $66,612.41— total, $10,802,148.82. Surplus carried to profit and
loss, $15,564,526.88.
8a. Earnings and Expenses, Supplementary Statement, year ending June
30, 1903, and comparison with year ending June 30, 1902.
Miles
Operated.
1903. . . 7,965 13
1902 7,85538
Increase 10975
*Decrease.
Gross Operating Net Taxes 4 Net
Earnings. Expenses. Earnings Rentals. Income.
$62,350,397 28 $38,437,110 54 $23,913.286 74 $2,119,324 38 $21.793.962 36
59,135,085 53 33,909,268 63 25,225,816 90 2,111,979 91 23,113,836 99
3,215,311 75 4,527,841 91 *1,312,530 16 7,344 47 "1,319,874 63
9. Comparative statement of operations of the system, for seven years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
Average Miles Operated
Passenger Train Miles
Freight Train Miles
6,429.73
8,218,585
13,398,398
1,565,752
6,443.81
7,634,057
14,633,239
1,417,905
6.936.02
8,597,052
18,436,412
1,466,444
7,032.62
8,821,178
16,737,227
1,557,969
7,341.34
9.216,515
14,426,682
1,610,055
7,807.31
11,216,781
14,807,733
1,634,213
7,855.38
12,388,575
15,361,700
1,735,844
Mixed Train Miles
Revenue Train Miles
Passengers Carried
Passenger Mileage , .
Freight (tons) Moved.
Freight (ton) Miles
Passenger Earnings
23,182,735
4, 175,500
282,532,458
7,718,598
1,748,478,650
$
6,269,683
19,626,994
3,102,920
23,715,201
3,536,968
243,052,426
8,207,325
2,062,483.268
$
5,574,288
22,067,687
2,979,255
28,499,908
4,001,078
325,650,304
9,979,510
2,779,555,249
$
7,347,362
28,588,717
3,278,020
27,116,374
4,383,961
356,783,683
8,924,678
2,893,011,496
8,126,142
29,492,586
2,894,770
25,253,252
4,811,466
412,937,134
9,893,018
3,454,591,785
$
9,334,661
33,729,333
3,168,084
27,658,727
5,664,811
514,037,047
11,112,614
3,876,793,344
$
11,678,017
39,052,557
3,744,248
29,486,119
6,379,128
607.670,582
11,596,093
4,231,748,520
$
13,439,385
41,815,607
3,880,094
Freight Earnings
Othpr Eftrnjnpi?
Total Earnings
28,999,597
22,071,275
30,621,230
22,867,189
39,214,099
28,506,335
40,513,499
27,606,681
46,232,078
27,521,499
54,474,822
32,262.945
59,135,086
33,909,269
Operating Expenses
Net Earnings
6,928,322
4,506 34
3,429 72
1,076 62
76.11 p.c.
2.211 c.
1.122c.
7,754.041
4,752 04
. 3,548 71
1,203 33
74.68 p.c.
2.293 c.
1.070 c.
10,707.764
5,653 69
4,109 90
1,543 79
72.69 p.c.
2.256 c.
1.029 c.
12,906,817
5,76080
3,925 52
1,83528
68.14 p.c.
2.278 c.
1.019 c.
18,710,579
6,297 49
3,748 84
2,548 65
59.53 p.c. »
2.261 c.
0.976 c.
22,211,877
6,977 41
4,132 40
2,845 01
59.23 p.c.
2.272 c.
1.007 c.
25,225.817
7,527 97
4,316 69
3,211 28
57.34 p.c.
2.212 c.
0.988 c.
Gross Earnings per Mile
Gross Expenses per Mile.. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate^>er Pass. p. Mile..
Aver. Rate p. Ton p. Mile. . .
1O. Profit and LOSS Account, June 30, 1902. — Surplus income for year, $15,-
564,526.88; surplus forward, $13,082,740.41— total, $28,647,267.29. Deductions: Divi-
dends on preferred stock (5 p. c.), $5,708,690; on common stock (4 p. c.), $4,078,220:
amount written off from construction account in respect of betterments, improvements,
equipment, and discount on bonds already charged to that account, per vote of Executive
Committee, July 17, 1902, $2,500,000; appropriation for fuel reserve fund, $250,448.32;
adjustment on account of sale of Santa Monica Branch, $82,493.74 — total, $12,619,-
852.06. 'Balance, surplus June 30, 1902, $16,027,415.23.
POOR'S MANUAL — THE ATCHISON, TOPEKA AND SANTA FE SYSTEM. 465
11. Income and profit and loss accounts for six years ending June 30:
1897
1898
1899
1900
1901
1902
Net Traffic Earnings
$
7,754,041 29
$
10,707,764 12
$
12,906,817 28
$
18,710,578 80
$
22,211,877 38
$
25 225 816 90
Other Receipts
254,499 09
182,027 17
249,434 84
266,820 81
332,557 17
1 140,858 80
Net Income
8,008,540 38
10,889,791 29
13,156,252 12
18,977,399 61
22,544,434 55
26,366,675 70
514,451 10
295,540 58
208,560 48
282,691 58
359,093 28
368,326 44
1,363,532 61
1,420,123 05
1,460,649 99
1,543,601 63
1,681,335 59
1,743,653 47
4,608,858 03
4,992,148 30
5,188,132 00
5,291,326 50
5,776 970 83
6385 145 00
2,053,840 00
2,053,840 00
2,053,840 00
2,053,840 00
69,253 04
291,554 42
57,072 29
66,634 92
198,665 77
251,183 91
Totals
6,556,094 78
6,999,366 35
8,968,254 76
9,238,094 63
10,069,905 47
10,802,148 82
1,452,445 60
3,890,424 94
4,187,997 36
9,739,304 98
12,474,529 08
15 564,526 88
Surplus (Profit and Loss) Forward .
150,781 00
62,846 60
1,888,805 56
4,414,491 92
9,994,619 58
13,082,740 41
Totals . ....
1,603,226 60
3,953,271 54
6,076,802 92
14,153,796 90
22,469,148 66
28,647,267 29
*1,540,380 00
f2,053,840 00
Dividends on Preferred Stock.
1,141.657 66
3,139,556 75
5,708,690 00
5 708,690 00
1,529,332 50
4,078,220 00
Written off Cost of Road.
500,000 00
i,6bb,666 66
1,139,760 22
2,500,000 00
1000000 00
Other Profit and Loss Debits
10,625 98
20,654 00
19,620 57
8,625 53
332,942 06
Totals
1,540,380 00
2,064,465 98
1,662,311 00
4,159,177 32
9,386,408 25
12,619,852 06
62846 60
1 888805 56
4414,491 92
9994,619 58
13 082 740 41
16 027,415 23
•Paid from surplus to June 30, 1897, but shown here for convenleSje. tPaid from surplus to
June 30, 1898, but shown here for convenience.
12. General Balance Sheet, The A., T. d 8. Fe Ry. Co. (System), June 30, 1902.
(Including The Atchison, Topeka anc' Santr Fe Ry. Co., Gulf, Colorado and Santa Fe Ry. Co.,
Santa Fe Pacific RR. Co., Southern California Ry. Co., The Southern Kansas Ry. Co. of Texas, and
The San Francisco and San Joaquin Valley Ry. Co.)
Railr. Franchises and Other Prop. . $418,982,696 40
Construction and Equipment, 1901-02. 10,606,721 18
Investments in Other Companies 10,321,61775
Securities on Hand 3,252,962 92
Materials and Supplies 3,403,026 86
Prepaid Insurance Premium 32,019 98
Accounts Receivable 6,763,60833
Prior Accounts in Liquidation 1,27606
Cash on Hand and in Bank 20,544,405 62
Cash Deposit, Article 5. Gen. Mtge. 252,975 50
Cash Deposit, Fuel Reserve Fund. . . 548,032 72
Common Stock $102,000,00000
Preferred Stock $131,486,000
Less, in Special Trust. . . . 17,286,470—114,199,530 00
Funded Debt ( see below) 228,785,310 00
Special Betterment Fund 367,079 52
Rolling Stock Replacement Fund... 211,68757
Rail Renewal Fund 366,78116
Fuel Reserve Fund 548,03272
Accrued Taxes not yet Due 953,10364
Interest on Bonds, Due and Acer 3,713,435 00
Accounts Payable 7,316,58937
Prior Accounts in Liquidation 220,379 11
Profit and Loss 16,027,415 23
Total Assets $474,709,343 22
Total Liabilities $474,709,34332
13. Abstract of general balances on June 30, 1901 and 1902 (for general balances
of the years previous to 1901, see MANUAL for 1902, page 438) :
1901
1902
1901
1902
Cost of Property
$
415,738,162
3,992,948
2,293,276
3,475,623
9,484,201
6,080,336
3
429,589,417!
10,321,618
3,403,027
3,252,963
20,544,406
7,597,912
Common Stock
S
102,000,000
114,199,530
199,035,710
2,460,777
10,285,789
13,082,740
$
102,000,000
114,199,530
228,785,310
1,493,581
12,203,507
16,027,415
Preferred Stock-
Materials and Supplies . .
Treasury Securities ....
Cash
Funded Debt
Other Liabilities
Other Assets
Profit and Loss
Total Assets
Total Liabilities
441,064,546 474,709,343
1 |
441,064,546! 474,709,343
14. Capital Stock. — The authorized amount of preferred stock is $131,486,000, but $6,486,-
470 thereof is reserved in special trust for improvements, extensions, etc., and $10,800,000 for the
acquisition of auxiliary lines, leaving in the hands of the public $114,199,530. The preferred stock
is entitled to 5 p. c. non-cumulative dividends out of the net profits, and to the par amount of It out
of assets in case of dissolution or liquidation of the company, in priority to common stock. It Is
provided that no mortgages other than the general and adjustment mortgages shall be executed by
the company, nor shall the amount of preferred stock be increased without the consent of a major-
ity of the whole amount of preferred stock outstanding, given at a meeting called for that purpose,
466
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
and the consent of the holders of a majority of such part of the common stock as shall be represented
at such a meeting.
15. Funded Debt. — The funded debt, as per General Balance Sheet, consisted of $138,728,500
of gen. mtge. bonds, $51,728,000 of adjustment mtge. bonds, $30,000,000 of serial debentures,
$1,500,000 of Chicago and St. Louis Ry. bonds, $6,000,000 of the S. P. & S. J. V. Ry. bonds, and
$828,810 of miscellaneous bonds — a total of $228,785,310; but this included $2,475,000 of gen.
mtge. bonds, and $382,000 of adjustment mtge. bonds held in the treasury of the company. The fol-
lowing is a statement of the outstanding funded debt on July 1, 1902 (total, $225,923,500), includ-
ing the outstanding bonds of the Hutchinsoa and Southern Ry Co., but not including treasury
assets :
ijt 1,5OO,<H>O Chicago and St. Louis Ry. 1st 6s
of March 1, 1915. Secured on the line from Cor-
with to Pekin, 111., 147.7 miles.
$629,OOO Chicago, Santa Fe and California Ry.
1st gold 5s of Jan. 1, 1937. Secured on the lines
from Corwith, 111., to Big Blue Junction, Mo.,
439.94 miles, and from Ancona to Pekin, 111. (less
5.91 miles of trackage between Streator June,
and Pekin June., 111.), 52.4 miles. The Chicago
and St. Louis Ry. bonds underlie these on the
line from Corwith via Ancona to Pekin, 111., 147.7
miles. The total amount of these bonds is $15,-
350,000, but The Atchison, Topeka and Santa Fe
Ry. Co. owns and has deposited as security for
its gen. mtge. bonds $14,721,000 thereof.
$195,OOO Hutchinson and Southern Ry. 1st
gold 5s of Jan. 1, 1928. Secured on the line from
Hutchinson, Kan., to Cross, O. T., 142.29 miles.
The total issue amounts to $719,000, but The At-
chison, Topeka and Santa Fe Ry. Co. owns $524,-
000 thereof. The bonds are subject to redemption
on any interest day after Jan. 1, 1908, at 105 p. c.
and accrued interest.
96,OOO,OOO San FroncJfco and San Joaquin
Valley Ry. 1st gold 5s of Oct. 1, 1940. Secured on
the lines from Bakersfield to San Francisco,
Cal., and from Calwa to Corcoran Junction, Cal.,
a total of 372.57 miles. There is a sinking fund of
1 p. c. of net profits from Jan. 1, 1916, to 1921 ;
2 p. c. to 1926; 3 p. c. to 1931; 4 p. c. to 1936;
and 5 p. c. to 1940. The bonds may be drawn at
110 p. c. after 1915.
^136,253,500 gen. gold 4s of Oct. 1, 1995. Se-
cured on the entire property of the company,
whether now owned or hereafter acquired, but
subject to the mortgages or deeds of trust se-
curing the bonds described in the preceding
four paragraphs. They are also secured by col-
lateral lien upon the rest of the Atchison Sys-
tem, the bonds and stocks of the subsidiary
companies being deposited with the trustee under
this mortgage, as shown in Sec. 20. The total
amount authorized by the mortgage is $165,490,500,
the bonds unissued on July 1, 1902, being re-
served for the retirement of prior liens, for the
acquisition and improvement of other rail-
roads and for new construction, betterments,
additional rolling stock, etc. (See MANUAL for
1900, page 463.)
$51,346,OOO adjustment gold 4s of July 1,
1995. Secured on the same property as the gen.
mtge. bonds, but subject to the lien thereof.
Originally interest was payable yearly, on the
1st of Nov. if earned, but under an agreement
dated Sept. 14, 1899, interest is now payable in
half yearly Installments upon complying with
the terms of said agreement. Since July 1, 1900,
interest has been cumulative at the rate of 4 p. c.
a year. In the mortgage securing these bonds
provision is made for the issue of $20,000,000 of
bonds in addition to the $51,728,000 outstanding,
after the $30,000,000 of gen. mtge. bonds reserved
for improvements, etc. (of which $14,500,471 re-
mained unissued on July 1, 1901), shall have
been issued and used ; but such additional ad-
justment bonds can be issued only with the con-
sent of the holders of a majority of all adjust-
ment bonds outstanding. Such additional ad-
justment bonds are reserved under carefully
guarded restrictions, so that they can be used
only for improvements in the same manner as
the $30,000,000 gen. mtge. bonds, and so that tney
can be issued at a rate not exceeding $2,000,000
per annum, of which amount $500,000 per annum
may be for the construction of branches and
extensions.
930,OOO,OOO serial debenture gold 4s of Feb. 1,
1903, 1914, divided into twelve series, designated Se-
ries A to Series L, each series amounting to $2,-
500,000. One series, beginning with "A" is payable
on each 1st of Feb., from 1903 to 1914, and each of
them is subject to redemption on any interest
day at 105 p. c. and accrued interest. Series
A was retired on Feb 1, 1903. The company
covenants that it will not execute any new mort-
gage upon any of the lines of railway now owned
by it, except by way of further security for
bonds issued under existing mortgages, unless
by the terms of such new mortgage it shall be
provided that all of said debentures then out-
standing shall be included in the debt secured
by such new mortgage.
16. Eastern Oklahoma, Division Bonds. — To cover the cost of the lines building or to
be built under the charter of the Eastern Oklahoma Ry. Co. (see Sec. 6) $5,645,000 of The Atchi-
son, Topeka and Santa Fe Ry. Co.'s Eastern Oklahoma Division 25-year 4 p. c. 1st mtge. gold
bonds have been issued. The mortgage is dated Feb. 26, 1903, and is In favor of the Guaranty
Trust Co. of New York, trustee. The bonds mature March 1, 1928, and the interest on them is
payable March 1 and Sept. 1. The authorized issue is $10,000,000.
The mortgage covers, as a direct first Hen, all lines of railway and branch lines now owned by
The Eastern Oklahoma Ry. Co. or that hereafter may be constructed or acquired by it, including
the following described lines of railway, of the aggregate length of 282.25 miles : From Newkirk
to Pauls Valley, Ind. T., 183.57 miles ; from Guthrie Junction to Esau, Okla., 77.90 miles ;
from Ripley to Gushing, Okla., 10.18 miles ; and from Seward to Cashion, Okla., 10.60 miles. All
the stock of The Eastern Oklahoma Ry. Co., except the qualifying shares of directors, is owned
by The Atchison, Topeka & Santa Fe Ry. Co. The latter undertook the construction of the above-
described lines of railway and provided the entire cost thereof. The Eastern Oklahoma Ry. Co.,
in consideration thereof, became indebted to the Atchison Company in the sum of $5,645,000,
being the amount of the bonds now issued, which indebtedness to The Atchison Company was dis-
charged through the execution by The Eastern Oklahoma Ry. Co. of the mortgage for the benefit
and security of the holders of the bonds. The unissued $4,355,000 of the total authorized issue
of th£ bonds can be issued and can be certified by the trustee under the mortgage only from
time to time, at a rate not exceeding $20,000 per mile for each mile of railway, in addition to said
282.25 miles, that shall be constructed or otherwise acquired by The Eastern Oklahoma Ry. Co.,
and upon which the mortgage shall become a first lien.
17. Railroad, Franchises and Other Property. — Amount June 30, 1901, $412,107,-
188.14 ; and for construction and equipment, year ending June 30, 1901, $3,376,378.88 ; and for
new acquisitions during same year, $4,057,873.15 — total, $419,541,440.17. There have been trans-
ferred to a separate account Investments in other companies amounting to $3,803,278.10. Balance
brought forward, $415,738,162.07 ; additional expenditures during year ending June 30, 1902 :
Santa Fe Pacific RR., $86,711.82 ; Eastern Oklahoma Ry., $1,065,970.02 ; Santa Fe Terminal Co.
POOR'S MANUAL — THE ATCHISON, TOPEKA AND SANTA FE SYSTEM. 467
of Cal., $137,553.95 ; Kansas City Belt Ry. Co. capital stock, $175,000 ; San Francisco terminal
property, $795,986.22 ; real estate, Oakland, $6,026.10 ; Southern California Ry. Co. preferred
stock, $1,149,799.04 — total, $3,417,047.15; less sundry adjustments, $172,512.82), $3,244,534.33 —
total, as per general balance sheet, $418,982,696.40.
18. Investments In Other Companies. — Gulf, Beaumont and Kansas City Ry. ( including
$1,073,198.10 transferred from cost of property as of June 30, 1901), $1,486,981.50; Pecos Valley
and Northeastern Ry. (including $2,675,901.83 transferred from cost of property as of June 30,
1901), $3,465,935.15; Santa Fe, Prescott and Phoenix Ry., $2,889,934.98; Kansas Southwestern
Ry., $181,045.25; Sunset RR., $136,656.50; Leavenworth and Topeka Ry. (transferred from cost
of property as of June 30, 1901, $44,651; credit during year, $4,768.88), $39,882.12; Kiowa,
Chickasha and Ft. Smith Ry. (including $9,527.17 transferred from cost of property as of June 30,
1901), $200,040.45; California and Nevada RR., $4,000; California Eastern Ry., $355,364.55;
Santa Fe Land Improvement Co., for capital stock of Petroleum Development Co., $1,256,577.25 ;
Grand Canyon Ry., $297,200 ; Pueblo Union Depot and RR. Co., capital stock, $8,000 — total, $10,-
321,617.75.
19. SECURITIES IN TREASURY, JUNE 30, 1902, CONSISTED OF THE FOLLOWING:
Par Value.
The A., T. & S. F. Ry. Co. General Mortgage 4 p. c. Bonds $2,477,336 26
Adjustment Mortgage Bonds 382,000 00
Preferred Capital Stock. 25,800 00
Common Capital Stock 44,500 00
Arizona and Utah Ry. Co. First Mortgage 6 p. c. Bonds 101,000 00
County Bonds 11,400 00
Kansas City Belt Ry. Co. First Mortgage Bonds 25,000 00
U. S. of Mexico Interior Consolidated Debt 3 p. c. Bonds 1,100,000 00
Estimated
Value.
$2,477,336 26
362,900 00
24,510 00
31,150 00
33,666 66
11,400 00
25,000 00
287,000 00
Totals $4,167,036 26 $3,252,962 92
The amount of A., T. & S. F. Ry. Co. gen. mtge. bonds shown in the preceding statement in-
cludes $2,336.26 of fractions due.
There remain unissued gen. mtge. bonds amounting to $14,500,471, of which $6,000,000
are now available and $3,000,000 additional may be issued on or after the first day of July of each
year. Furthermore, the company owns unpledged stocks and bonds of other companies of a cash
cost of $10,281,735.63 (included in Sec. 18), and also the securities representing the ownership of the
Eastern Oklahoma and Guthrie and Western Railways, which are included in the balance sheet under
the head of "Railroads, Franchises and Other Property." Including the Eastern Oklahoma and Gutn-
rie and Western Railways, the total mileage controlled by these unpledged stocks amounts to
1,024.79 miles of railroad.
20. STOCKS AND BONDS PLEDGED AS SECURITY FOR FUNDED DEBT, JUNE 30, 1902.
STOCKS.
The Atch. City Elev. Co
Atch. Union Dep. & RR. Co —
Aztec Land & Cattle Co., Ltd...
The Cafion City Coal Co
Cher. & Pitts. Coal & Min. Co. .
Chic. Un. Trans. Ry. Co., Pref . .
Chic. Un. Trans. Ry Co., Com..
Forest Park & Cen. RR. Co
Gulf, Colo. & S. Fe Ry. Co
The Kan. City Belt Ry. Co
The Las Vegas Hot Springs Co.
The Leav. & Topeka Ry. Co
The Leav. Dep. & RR. Co
New Mex. & Ariz. RR. Co
The New Mexico Town Co
The Osage Carbon Co
Pacific Land Imp. Co
The Peck Water Works Co
Raton Coal and Coke Co
Rio Grande & El Paso RR. Co..
Rio Grande Land Co
Rush Center Town Co
St. Joseph Term. RR. Co
St. Joseph Union Dep. Co
Santa Fe Pacific RR. Co
The S. Fe Term. Co. of Cal —
The S. Fe Town & Land Co
Sonora Ry. Co., Ltd
So. Cal. Ry. Co., Pref
So. Cal. Ry. Co., Com
21. PROPRIETARY LINES OF THE ATCHISON, TOPEKA AND SANTA FE RY. Co.
Total.
$30,400
18,000
215,700
425,000
200,000
Pledged.
$30,400
18,000
215,500
424,650
198,900
Total. Pledged.
The So. Kan. Ry. Co. of Tex... $604,500 $595,500
The Trin. Coal & Coking Co... 162,500 161,800
Union Dep. Co. (Kan.City.Mo.). 90,000 89,800
Union Pass. Dep. Co. of Galv. . 200,000 199,500
The Vulcan Fuel Co 600,000 599 993
40,000
40,000
40,000
40,000
Totals $28 889 105 $28 850 198
1,600
4,560,000
50,000
246,600
25,000
1,600
4,547,000
49,700
245,900
24,600
BONDS.
Atch. Union Dep. & RR. Co. 2d 5s $9,000
Cal. Cent. Ry. Co. 1st 6s 6457,000
12,500
12,000
Cal. So. RR. Co. 1st 6s 2,056,000
3,682,000
3,681,500
Cal. So. RR. Co., Inc. 6s 3,500,220
47,500
47.150
Devlin Coal Co. 1st 6s 276,000
300,000
299,100
Gulf, Colo. & S. Fe Ry. Co. 1st 7s 12,695,000
100,000
99,500
Gulf, Colo. & S. Fe Ry. Co. 2d 6s 8,614,000
37,200
36,700
Kan. City Belt Ry. Co. 1st 6s 25,000
500,000
499,400
Kan. City N. W. RR. Co. 1st 5s 2,000
200,000
250,000
199,300
249,500
The Leav. & Top. Ry. Co. 1st 4s 50,000
New Mex. & Ariz. RR. Co. 1st 6s 2,313,000
1,205
1,205
New Mex. & Ariz RR Co. 2d 6s 950000
150,000
148,500
Redondo Beach Ry Co 1st 6s 270000
1,000
4,000,000
900
3,998,700
Rio Grande & El Paso RR. Co. 1st 6s 500,000
Santa Fe Pacific RR. Co. 1st 4s 16,000,000
1,000,000
250,000
1,049,600
999,300
249,700
1,048,300
Sonora Ry. Co., Ltd., 1st 7s 5,248,000
The So. Kan. Ry. Co. of Tex. 1st 5s 1,583,000
Tne Union Pass. Dep. Co. of Galv 64,000
3 046 800
3 046 800
6,752,000
6,749.800
Total . ...$60.612.220
GULP, COLORADO AND SANTA FE RY.
— Length of lines (see Sec. 2), 1,177.81 miles.
Rail (steel), 65 and 75 Ibs.
HISTORY. — Chartered May 28, 1873. (See MAN-
UAL, for 1891, page 23, and MANUAL for 1898, page
281.)
FINANCIAL STATEMENT.— Stock and bonds
are all owned by The A., T. & 9. F. Ry. Co., and
are deposited with the trustee, under the gen.
mtge. of 1895.
CORPORATE OFFICERS. — E. P. Ripley, Pres.,
Chicago ; A. C. Torbert, Sec. & Treas., Galves-
ton, Tex. General Office, Galveston, Tex.
SANTA FE! PACIFIC RR — Length of lines
(see Sec. 2), 875.30 miles.
HISTORY. — Organized June 16, 1897, accord-
468
POORS MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Ing to act of Congress approved March 3, 1897, to
take over and operate the Western Division of
the Atlantic and Pacific RR. (See MANUAL for
1898, page 282.)
FINANCIAL STATEMENT. — Stock ($4,000,000)
and bonds ($16,000,000) aVe all owned by The A.,
T. & 8. F. Ry. Co. and are deposited with the
trustee under the gen. mtge. of 1895.
CORPORATE OFFICERS.— E. P. Ripley, Pres ,
Chicago, 111. ; Godfrey Holterhoff, Jr., Treas.,
Los Angeles, Cal. ; L. C. Deming, Sec., New York,
N. Y.
SOUTHERN CALIFORNIA RY Length of
lines (see Sec. 2), 478.33 miles.
HISTORY. — Consolidation, Nov. 7, 1889, of the
Cal. Central Ry., Cal. Southern RR., and the
Redondo Beach RR. The San Bernardino anrt
Eastern and the Santa Fe and Santa Monica Ry.
Cos. were subsequently absorbed. ( See MANUAL.
for 18J7, p. 275.)
FINANCIAL STATEMENT. — Capital stock- -
common, $6,752,000 ; preferred, $6,072,000 ; funded
debt (Cal. So. RR. 1st mtge. 6s, $2,057,000; Cal.
So. RR. income 6s, $3,500,740; Cal. Cent. Ry. 1st
mtge. 6s, $6,457,000; Red. Beach RR. Co., $270,000),
$12,284,740. The Atchison, Topeka and Santa Fe
Ry. Co. owns all the bonds, all the common stock
and $5,840,800 of the preferred stock. For secur-
ity of the bonds and other information relative
to stock and bonds, see MANUAL for 1896, page
360.
CORPORATE OFFICERS. — E. P. Ripley, Pres.,
Chicago, 111. ; Godfrey Holterhoff, Jr., Sec. &
Treas., Los Angeles, Cal. ; L. C. Deming, Asst.
Sec., New York, N. Y. General Office, Los An-
geles, Cal. Operating Office, Los Angeles, Cal.
22. Board of Directors, The A., T. d 8. F. Ry. Co. as constituted January I, 1903.
Term expires Dec., 1903.
H. Rieman Duval New York, N. Y.
Thomas P. Fowler '
Victor Morawetz "
Chas. S. Gleed Topeka, Kan.
Term expires Dec., 1904.
Edw. J. Berwind New York, N. Y.
R. Somers Hayes " "
E. D. Kenna Chicago, 111.
Andrew C. Jobes Wichita, Kan.
Term expires Dec., 1905.
Benjamin P. Cheney Boston, Mass.
George G. Haven New York, N. v.
John G. McCullough Bennington, Vt.
Term expires Dec.. 1906.
Edward P. Ripley Chicago, 111.
Byron L. Smith
Charles Steele New York, N. Y.
Howel Jones Topeka, Kan.
EDWARD P. RIPLEY, President Chicago, 111.
E. D. Kenna, 1st V ice-President
Paul Morton, 2d V ice-President
J. W. Kendrick, '3d V ice-President
Sec. and Treas. — E. Wilder Topeka, Kan.
Aast. Secretary — L. C. Deming.. New York, N. Y.
Asst. Treas. — H. W. Gardiner..
Comptroller — D. L. Gallup New York, N. Y.
Deputy Compt. — D. J. Sheehan.
Gen. Aud. — H. C. Whitehead Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Topeka, Kan.
New York Office 5 Nassau St., Manhattan.
Chicago Office 77 Jackson Boulevard.
ATCHISON SYSTEM. — Railroads Controlled by The Atchison, Topeka and Santa Fe
Ry. Co., but •whose Statistics are not Included in the Accounts of the Consolidated
System.
BEAUMONT WHARF AND TERMINAL CO.— In city of Beaumont, Tex.
(main line, 2.27 m.; branches, 0.95 m.), 3.22 m.; trackage, T. & F. S. RR., 0.19 m.—
total, 3.41 miles. Gauge, 4 ft. 8^ in. Rail (steel), 56 Ibs.
History. — Chartered March 26, 1897; commenced business in 1898. A controlling
interest in the capital stock of this company has been acquired by The Atchison, Topeka
and Santa Fe Ry. Co.
Rolling Stock, June 30, 1902.— Locomotive, 1. Cars (box freight), 88. The cars
are leased to the Gulf, Beaumont and Kansas City Ry. Co.
Operations, year ending June 30, 1902. — Gross earnings (switching and miscel-
laneous), $40,452. Operating expenses, $40,759. Loss from operations, $307. Charges:
Interest on bonds, $5,000; other interest, $1,087; taxes. $420; other, $19— total,
$6,526. Deficit, $6,833; surplus forward ($7,633; less deduction during year, $1,250).
$6,383. Net deficit, $450.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $60,000;
funded debt (gold 5s of July 1. 1930), $100,000; equipment notes. $7,385; lease war-
rants, $7,440; current liabilities, $4,938; taxes accrued, $130; rolling stock replace-
ment fund, $3,100 — total, $182,993. Contra: Cost of property, $157.214; bills receivable.
$23,920; cash and current assets, $1,409; profit and loss, $450 — total, $182,993.
Directors (elected April 8, 1903).— E. P. Ripley, Chicago, 111.; John H. Kirby.
Houston, Tex.; J. W. Terry, L. J. Polk, A. C. Torbert, Galveston, Tex.; W. S. David-
son, Win. Wiess, W. A. Fletcher. W. E. Maxson, Beaumont, Tex. OFFICERS: E. P. RIPLEY,
Pres., Chicago, 111.; John H. Kirby, 1st Vicc-Pres., Houston, Tex.; W. E. Maxson,
i't toll's MAM'AI.— TIIK ATCHISON, TOPKKA AND SAXTA FE SYSTEM. 469
Vice-Pres.; W. S. Davidson, Treas.; C. J. Webb, 8cc., Beaumont, Tex. GENERAL OFFICE,
Beaumont, Tex.
CALIFORNIA EASTERN RY.— Projected: Blake, Cal., to Goode Springs, Nev..
80 miles. Completed up to June 30, 1901; Blake to Manvel, Cal., 29.44 m.; total track
(steel; 52 Ibs.), 29.94 miles. Gauge, 4 ft. 8y2 in.
History. — Successor, April 20, 1896, to the Nevada Southern Ry. Co. (see MANUAL
for 1895, page 298).
Rolling Stock. — Locomotive, 1. Passenger car, 1. Other equipment is rented
as needed. ^
Operations.— Not reported; for latest statement see MANUAL for 1902, page 616.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock $100
shares), $588,800; funded debt (1st 5s of July 1, 1921), $441,000; notes payable, $45,000;
profit and loss, $1,576 — total, $1,076,376. Contra: Cost of road and equipment, $330,-
978; construction not completed, $41,322; cash on hand, $5,254; securities issued in
excess of cost of road and equipment, $698,824 — total, $1,076,376. The Atchison, Topeka
and Santa Fe Ry. Co. holds 5,881 shares of the capital stock, and the directors the
remaining 7 shares.
Directors. — E. P. Ripley, Chicago, 111.; Victor' Morawetz, E. J. Berwind, G.
G. Haven, Thomas P. Fowler, R. Somers Hayes, R. S. Seibert, New York; N. Y.
OFFICERS: E. P. RIPLEY, Pres.; E. D. Kenna, 1st Vice-Pres.; Paul Morton, 2d Vice-
Pres.; J. W. Kendrick, 3d Vice-Pres., Chicago, 111.; G. Holterhoff, Jr., Treas., Los
Angeles, Cal.; L. C. Deming, Sec., New York, N. Y. GENERAL OFFICE, Los Angeles, Cal.
GTJLF, BEAUMONT AND KANSAS CITY RY.— Beaumont to Rogan, Tex.,
62.37 m.; total track (steel; 35 to 61 Ibs.), 83.60 miles. Leased (see Gulf, Beaumont and
Great Northern Ry. ) , 1 1.22 miles. Total length of lines operated, year ending June 30, 1902,
73.59 miles. Gauge, 4 ft. 8*/2 in.
History. — Chartered March 21, 1893; road opened as above in April, 1899. (See
MANUAL for 1895, page 244.) Controlled by The Atchison, Topeka and Santa Fe Ry.
Co. through ownership of about 99 p. c. of the capital stock.
Rolling Stock, June 30, 1902. — Locomotives, 4. Cars — passenger, 2; baggage, etc.,
2; freight (box, 53; flat, 301; coal, 50; log, 258), 662— total, 666.
Operations, year ending June 30, 1902. — Trains run (passenger, 62,529; freight,
92,296; mixed, 7^317), 162,142 miles. Passengers carried, 45,883; carried one mile,
1,222,005. Tons freight moved, 639,637; ton-miles, 19,611,643. Earnings (passenger.
$38,941; freight, $274,978; other, $28,807), $342,726. Operating expenses, $351,136.
Loss from operations, $8,410. Charges: Interest on bonds, $84,321; taxes, $5,553;
other charges, $26 — totaj, $89,900. Deficit, $98,310; surplus forward, $16,903; less
deductions during year, $1,623; net deficit, $83,030.
General Balance Sheet, June 30, 1902.— Capital stock ($100 shares), $500,000;
funded debt, $1,499,500; equipment notes, $96,300; current liabilities, $318,012; interest
accrued, $35,096; accrued taxes, $2,803; cancelled bonds, $500; rolling stock replace-
ment fund, $22,585; other liabilities, $6,723 — total, $2,481,519. Contra: Cost of road
and equipment, $2,277,691; materials, etc., $36,413; cash and current assets, $83,718;
other assets, $667— total, $2,481,519.
Funded Debt outstanding on June 30, 1902, consisted of $749,500 ($750,000 auth.)
1st 6s of Aug. 1, 1913; $176,000 2d 6s of Aug. 1, 1913; and $574,000 2d 5s of Aug.
1, 1913.
RAILROAD LEASED BY THE G., B. & K. C. RY. Co.
Gulf, Beaumont and Great Northern
RR. — Projected : Sabine Pass to Paris, Tex., 350
miles.
Completed to June 30, 1902 : Rogan to Ridgeway,
Tex., 37.55 m. — total track (steel; 60 Ibs.), 38.43
miles. Chartered Aug. 5, 1898. The road is under
construction. The section from Rogan to Ridge-
way was finished before Jan. 1, 1903, but during
the year ending June 30, 1902, only a part of it,
from Rogan to Jasper, 11.22 miles, was operated.
An extension from Jasper to San Augustine, 48.48
miles, was put In operation in March, 1903. The
road is leased to the Gulf, Beaumont and Kansas
City Ry. Co. from Aug. 1, 1901.
Balance sheet, June 30, 1902. — Capital stock
($350,000 auth.), $77,500; funded debt (1st gold 5s
of July 1, 1930, $493,000 auth.), $487;000 ; other
liabilities, $100,613 — total, $665,113. Contra : Cost
of road and equipment, $638,247 ; other assets,
$26,866 — tetftl. $665,113.
E. P. Ripley, Pres., Chicago, 111. ; John H.
Kirby, 1st Vice-Pres., Houston, Tex. ; W. E. Max-
son 2d Vice-Pres. ; C. J. Webb. Sec. & Aud. ;
W. S. Davidson, Treas., Beaumont, Tex. Gen-
eral Office, Beaumont, Tex.
Directors. G. B. & K. C. Ry. (elected April 8, 1903).— E. P. Ripley, Chicago, 111.;
J. H. Kirby, Houston, Tex.; L. J. Polk, J. W. Terry, A C. Torbert, W. C. Nixon, Gal-
veston, Tex.; W. E. Maxson, Beaumont, Tex. OFFICERS: E. P. RIPLEY, Pres., Chicago,
111.; J. H. Kirby, 1st Vice-Pres., Houston, Tex.; W. E. Maxson, 2d Vice-Pres.; W. S.
Davidson, Treas.; C. J. Webb, Sec., Beaumont, Tex. GENERAL OFFICE, Beaumont, Tex.
470 I'OOll's MAM'AL OK KAILUOADS SOl'Tll WKSTKUN CROUP.
GRAND CANYON RY. -Projected: Williams, Ariz., to Grand Canyon of the Colo-
rado near Bright Angel Trail, 71 miles. Completed to Jan. 1, 1903: Williams to Grand
Canyon, 63.58 m. ; Anita Branch, 2.87 m. — total, 66.45 miles.
History. — Reorganization, Aug. 10, 1901, of the Santa Fe and Grand Canyon RR.
Co.. whose property was sold under foreclosure in July, 1901. The Atchison, Topeka
and Santa Fe Ry. Co. owns or controls a majority of the capital stock, and operates
the road, but the results from operation are not included in the accounts of the con-
solidated system.
Financial Statement. — Capital stock authorized (preferred, $250,000; common,
$1,205,000), $1,455,000; ifcmed (preferred, $201,300; common, $1,205,000), $1,406,300.
The Santa Fe Pacific RR. Co. owns all the preferred stock and $528,300 common stock,
the directors own $700 of the common stock and individuals own $370.000 of the
common stock.
Directors.— E. P. Ripley, E. D. Kenna, W. B. Jansen, F. T. A. Junkin, F. A.
Norton, Chicago, 111.; W. R. Page, Proctor, Vt.; G. Holterhoff, Jr., Los Angeles, Cal.; I. L.
Hibbard, Winslow, Ariz.; R. J. Arey, Williams, Ariz. OFFICERS: E. P. RIPLEY, Pres.,
Chicago, 111.; A. G. Wells, Vice-Pres.; G. Holterhoff, Jr., Sec. & Trees., Los Angeles,
Cal. GENERAL OFFICE, Los Angeles, " Cal.
PECOS VALLEY AND NORTHEASTERN RY.-Pecos to Amarillo, Tex.,
370.24 m.; total track (steel; 53 Ibs.), 392.b'l miles. Gauge, 4 ft, Sl/2 in.
History. — Successor to the Pecos Valley RR. Co., whose property was sold under
foreclosure on April 19, 1898. (See MANUAL for 1898, page 860.) The road was
opened throughout on March 1, 1899. The section from Pecos. to the New Mexico
Line, 54.27 miles, is known as the Pecos River RR.; the section from Amarillo to the
New Mexico Line, 94.50 miles, is known as the Pecos and Northern Texas Ry. The laws of
the State of Texas require the maintenance of these separate organizations. Their capital
stocks, except the shares held by directors, are deposited with the Central Trust Co.
of New York, N. Y., as part security for the bonds of this company. The Atchison,
Topeka and Santa Fe Ry. Co. has acquired substantially all the stock and bonds of the P.
V. & N. Ry. Co.
Rolling Stock, June 30, 1902. — Locomotives, 18. Cars — passenger, 6; baggage, etc.,
7; freight (box, 85; flat, 46; coal, 34), 165; other, 21— total, 199.
Operations, year ending June 30, 1902. — Trains run (passenger, 147,539; freight,
311,677; mixed, 38.223; other, 7,032), 504,471 miles. Passengers carried, 61,243; car-
ried one mile, 3,289,625. Tons freight moved, 265,468; ton-miles, 22,137,066. Earn-
ings (passenger, $108,497; freight, $451,148; other, $58,134), $617,779. Operating ex-
penses, $411,756. Net earnings, $206,023; other receipts, $2,164 — total, $208,187. Pay-
ments: Interest on bonds, $145,800; taxes, $18,886 — total, $164,686. Surplus, $43,502;
deficit forward, $97,572; sundry additions during year, $201 — total deficit, $53,869.
General Balance Sheet, June 30, 1902. — Capital stock ($3,162,000 common, and
$3,162,000 6 p. c. non-cumulative preferred; $100 shares), $6,324,000; funded debt
(1st gold 5s of Jan. 1, 1948; $3,162,000 auth.), $2,984,000; current liabilities, $157,952;
taxes accrued, $9,108 — total, $9,475,060. Contra: Cost of road and equipment, )j>9,076,-
343; bonds in treasury, $68,000; materials, etc., $17,407; current accounts, $38,515;
cash, $190,926; profit and loss, $53,869 — total, $9,475,060.
Directors (elected Dec. 4, 1902).— H. U. Mudge, Topeka, Kan.; Avery Turner, D.
A. Sweet, A. L. Conrad, J. C. Paul, Amarillo, Tex. ; J. J. Hagerman, E. A. Cahoon,
John W. Poe, Roswell, N. Mex. ; E. P. Ripley, E. D. Kenna, Chicago, 111. OFFICERS:
H. U. MUDGE, Pres., Topeka, Kan.; Avery Turner, Vice-Pres. ; D. A. Sweet, Sec.; J.
C. Paul, Treas.; A. L. Conrad, And., Amarillo, Tex. GENERAL OFFICE, Amarillo, Tex.
PERRIS AND LAKEVIEW RY. — Junction near Perris to Lakeview, Cal., 8.03
miles. Gauge, 4 ft. 8y2 in. Rail (steel), 50 Ibs. Chartered Nov. 1, 1898; road built be-
fore Dec. 31, 1898. Not yet opened for traffic. To be operated as a branch of the Southern
California Ry. Capital stock pa^^n ($80,000 auth.; $100 shares), $16,000. Controlled
in the interest of The Atchison, Topeka and Santa Fe Ry. Co.
Directors.— A. G. Wells, E. Chambers, J. R. Hitchcock, G. A. Davidson, Jr., G. Holter-
hoff, Jr., Los Angeles, Cal. OFFICERS: A. G. WELLS, Pres.; G. Holterhoff, Jr., Sec. d
Treas., Los Angeles, Cal. GENERAL OFFICE, Los Angeles, Cal.
SANTA FE, PRESCOTT AND PHCENIX RY.-Ash Fork to Phcenix, Ariz,
194.6 m.; Prescott and Eastern RR. (leased), 26.4 m. Bradshaw Mountain RR. (leased),
7.79 m.— total operated, 228.79 miles. Sidings, etc. (leased, 4.60 m.), 24.77 m.; total
track (steel, 56, 57 and 65 Ibs.), 253.56 miles. Gauge, 4 ft. 8% in.
POOR'S MANUAL — TIIK ATCHISON, TOPKKA A\I> SANTA VK SYSTEM. 471
History.— Chartered May 27, 1891; road opened throughout on March 13, 189.").
(See MANUAL for 1898, page 272.) This company is exempt from taxation for twenty
years from 1891. The Prescott and Eastern RR. and the Bradshaw Mountain RR.
(see appended statements) are operated under lease by this company. The Atchison,
Topeka and Santa Fe Ry. Co. has purchased practically all the capital stock and
$2,963,000 of the second mortgage bonds of this company.
Rolling Stock, June 30, 1902. — Locomotives, 10. Cars — passenger, 6; baggage,
etc., 6; freight (box, 24; flat, 29; coal, 16), 69; way, 5; other, 14— total cars, 100.
Operations, year ending June 30, 1902. — Trains run (passenger, 144,302; freight,
151,857; mixed, 28,376), 324,535 miles. Passengers carried, 71,476; carried one mile,
5,6nO,235. Tons freight moved, 229,418; ton-miles, 16,370,671. Earnings (passenger,
$241.897; freight, $679,862; other, $128,276) , $L050,035. Operating expenses, $437,817.
Xet earnings. $612,218; other receipts, $5,732 — total $617,950. Payments: Interest on
bonds, $395,200; rental (P. & E. RR.), $17,912; internal revenue tax, $323— total,
$413,436. Surplus, $204,514; surplus forward, $214,695 — total, $419,209. Less amount
expended during fiscal year on Hell Canyon Cut-off, $139,886; discount and interest
on bonds, $1,470 — total, $141,356. Surplus, June 30, 1902, $277,853.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($40,000 p. m.
auth.; $100 shares), $7,903,000; funded debt (1st 5s of Sept. 1, 1942, $4,940,000; 2d
5s of July 1, 1943, $2.964,000), $7,904,000; bonds of P. & E. RR. Co. guaranteed under
lease (contra), $359,000; P. & E. RR. contingent liability under agreement (contra),
$16,000; accrued rental, P. & E. RR., $4,487; interest accrued, $82,333; interest due
for coupons unpresented, $74,753; bills payable, $30,000; current liabilities, $161,151;
reserve renewal fund, $24,315; surplus, $277,853— total, $16,836,893. Contra: Cost of
road, $15,622,990; equipment $205,665; investments (P. & E. RR. bonds, $56,000;
Bradshaw Mountain RR., $286,103), $342,103; materials, etc., $140,757; leasehold in-
terest and stock, P. & E. RR. Co. (contra), $359,000; unexpired insurance premium,
$6,084; P. & E. RR. 1st mtge. bonds in trust (contra), $16,000; P. & E. RR. construc-
tion, $56; cash and current assets, $144,238 — total, $16,836,893.
By contract The Atchison, Topeka and Santa Fe Ry. Co. covenants to pay to the
trustee of the 1st mtge. -bonds an arbitrary 5 p. c. of the gross revenue of its system
derived from interchange of business with this company, to be applied to the payment
of interest on those bonds. The company guarantees, both as to principal and interest,
the bonds of the Prescott and Eastern RR. Co.
RAILROADS LEASED BY THE S. F., P. & P. RY. Co.
to $386,100. The Atchison, Topeka and Santa Fe
Ry. Co. owns all the capital stock.
F. M. Murphy, Pres., Prescott, Ariz. ; E. D.
Kenna, Vice-Pres., Chicago, 111. ; Wallace Fair-
bank, Sec. & Treas., Prescott, Ariz. Office, Pres-
cott, Ariz.
Prescott and Eastern RR. — P. & E. June,
to Mayer, Ariz., 26.4 m. ; total track ( steel ; 56
Ibs.), 29.95 miles. Locomotives, 2.
Chartered Sept. 14, 1897 ; road opened Oct. 15,
1898. Operated under lease by the S. F., P. & P.
Ry. Co.
Capital stock ($100 shares), $792,000. Funded
debt (1st 5s of April 1, 1948), $3/5,000. This stock
is owned and the bonds are guaranteed by the
S. F., P. & P. Ry. Co.
F. M. Murphy, Pres. ; Wallace Fairbank, Sec.
& Treas., Prescott, Ariz. Office, Prescott, Ariz.
Bradahaw mountain RR. — Poland June,
to Poland Mine, Ariz., 7.79 m. ; total track (steel ;
56 Ibs.), 8.84 miles.
Chartered Feb. 6, 1901, to build a line from
Mayer to Crowned King Mine, Ariz., 27 miles,
and a branch from Huron Station to the head
of Big Bug Creek, 8 miles. The line as above
was put in operation on May 11, 1902 ; construc-
tion is in progress on the line from Mayer to
Crowned King Mine and it was about three-
quarters finished on Jan. 1, 1903. The road Is
operated under lease by the Santa Fe, Prescott &
Phoenix Ry. Co.
Balance Sheet, June 30, 1902. — Capital stock
($1,050,000 auth.; $100 shares), ?200,000 ; unfunded
debt, $119,442 — total, $319,442. Contra : Cost of
road, $317,745 ; cash, $1,697 — total, $319,442. On
Jan. 1, 1903, the paid up capital stock amounted
Directors (S. F., P. & P. Ry.J. — F. M. Murphy, E. B. Gage, Wallace Fairbank, Pres-
cott, Ariz.; E. P. Ripley, Chicago, 111.; Victor Morawetz, R. Somers Hayes, Charles Steele,
Edward J. Berwind, New York, N. Y. ; Benjamin P. Cheney, Boston, Mass. OFFICERS:
F. M. MURPHY, Pres. <6 Gen. Mgr., Prescott, Ariz. ; E. D. Kenna, Vice-Pres., Chicago, 111. ;
Wallace Fairbank, Sec. & Treas.; Paul P. Hastings, And., Prescott, Ariz. GENERAL OF-
FICE, Prescott, Ariz.
COLORADO AND SOUTHERN RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 7
Car Trust Notes 10
Directors and Officers 11
Dividend Rights 7
Earnings, etc., 1900-1902.... 6
Earnings, Expenses, etc., 1902. 4
Equipment 3
Funded Debt Details 9
Gen. Bal. Sheet, 1900-1902. . . 6
Gen. Bal. Sheet, June 30, 1902. 5
History 2
Income Acct, 1900-1902 6
Income Acct., June 30, 1902.. 4
Interest in F. W. & D. C. Ry. 2
Mileage Oper'd, June 30, 1902. 1
Mortgage Restriction 7
Operations and Inc., 1900-1902. 6
Preferred Stock Preference.. 7
Rolling Stock 3
Trust Equipment 3
Voting Trust 8
472
POORS MANUAL OF RAILRO\DS — SOUTHWESTERN GROUP.
1. Main Line of Boad.— Denver, Col., to Texline, N. M 356.60 miles.
Other Divisions, Branches, and Extensions, including Trackage rights . . 764.34 "
Total length of lines operated, June 30, 1902 1,120.94 miles.
Sidings, etc., 216.86 miles. Gauges, 4 ft. 8% in. and 3 ft. Rail (steel, 970.09 m.),
45 to 85 Ibs.
la. Statement of mileage as operated by divisions, June 30, 1902:
WYOMING DISTRICT. Miles. : NEW MEXICO DISTRICT (166.30 m.). Miles.
Trinidad, Col., to Texline, N. M 134.67
Trinidad, Col., to end of track 23.12
Beshoar, Col., to Grey Creek Mines, N. M.. 7.86
Sopris to Sopris Mines, Col 0.66
PI.ATTE CANYON DISTRICT (102.19 m.).
Denver to Como, Col 88.12
Sheridan Junction to Morrison, Col 9.96
South Platte to Night Hawk, Col 4.11
LEADVILLE DISTRICT (74.20 m.).
Como to Leadville, Col 63.76
Dickey to Keystone, Col 6.85
Kokomo to Wilfley's Mill, Col 1.14
Leadville Mineral Belt 2.45
GUNNISON DISTRICT (164.51 m.).
Como to Baldwin, Col 131.06
Garos to Alma, Col 16.41
Hill Top to Leavick, Col 11.32
Schwanders to Buena Vista, Col 3.98
Cattleton to Alpine Coal Co.'s Mine 2.49
King Coal Branch .'.. 0.26
Total Mileage Owned 1,061.92
Operated jointly with D. & R. G. RR. Co. :
Gulf Junction to Walsenburg, Col 56.04
Walsenburg to Robinson's Mine, Col 2.61
Operated jointly with U. P. RR. :
TJ. P. June, to Boulder June., Col 0.37
Cheyenne to Orin June., Wyo 153.68
FORT COLLINS DISTRICT (145.10 m.).
Denver via Boulder and Ft. Collins to
Greeley, Col 98.46
Fort Collins to Stout, Col 15.16
Louisville to Lafayette, Col 3.78
Loveland to Arkins, Col 8.24
Louisville June, to Boulder June., Col 11.47
Denver West Side Line 4.85
Jersey Cut-off 2.51
Boulder to C. & N. W. Connection 0.64
CLEAR CREEK DISTRICT (65.49 m.).
Argo Junction to Silver Plume, Col 52.02
Forks Creek to Central City, Col 11.81
Golden, Col., to Church's Brick Yard 1.66
PUEBLO DISTRICT (134.05 m.).
Denver to Manitou Junction, Col 81.51
Manitou Junction to Gulf Junction, Col 42.86
Manitou Junction to Colorado Springs 9.12
Pueblo Freight House Track 0.56
TRINIDAD DISTRICT (56.40 m.).
Gulf Junction to Bessemer Junction, Col.. 3.63
Walsenburg June, to Trinidad, Col..: 41.52
Acme to Aguilar, Col 2.15
Ludlow to Hastings, Col 2.97
Litdlow to Berwind, Col 3.21
Chicosa Junction to Forbes Junction, Col.. 1.16
Broadhead Junction to Mine No. 4 1.76 Total Mileage Operated 1,120.94
%• History. — Chartered Dec. 20, 1898, as successor to the Union Pacific, Denver and
Gulf and the Denver, Leadville and Gunnison Ry. Cos., whose properties were sold
under foreclosure on Nov. 19, 1898. (See MANUAL for 1898, pages 210 and 854.) The
company took possession of the property at midnight on Jan. 11, 1899. The
Julesburg branch of the Union Pacific, Denver and Gulf Ry., from Julesburg to La
Salle, Col., 151.53 miles, has been sold to the Union Pacific RR. Co., and trackage
rights have been secured over the Union Pacific RR. from Denver to Cheyenne.
The company owns $6,377,535, being a majority of the capital stock of the Fort
Worth and Denver City Ry. Co., a corporation of the State of Texas, whose road extends
from Texline to Fort Worth, Tex., a distance of about 454 miles. (See GENERAL INDEX.)
3. Rolling1 Stock, June 30, 1902. — Locomotives (standard gauge, 123; narrow
gauge, 50)", 173. Cars — Standard Gauge: Passenger, 31; chair, 3; caf6, 2; combina-
tion, 7; baggage, etc., 13; freight (box, 1,518; coal, 1,591; stock, 395; flat, 81; re-
frigerator, 67; furniture, 25; charcoal, 18; tank, 3), 3,698; caboose, 40; service, 27 —
total cars, 3,821. Narrow Gauge: Passenger, 51; combination, 11; baggage, etc., 9:
freight (box, 471; coal, 761; stock, 61; flat, 62; refrigerator, 29), 1,384; caboose, 14;
service, 21 — total cars, 1,490. Of this equipment, 620 standard-gauge coal cars, 300
standard-gauge box cars, 100 standard-gauge stock cars, 50 narrow-gauge stock cars, 10
standard-gauge passenger cars and 3 narrow-gauge passenger cars are covered by car trust.
4. General Income Account, year ending June 30, 1902.
Expenses —Maint. Way and Struc $951,553 78
Maintenance of Equipment. 736,590 54
Conducting Transportation.. 2,186,966 44
General Expenses 169,133 76
Earnings —Passenger $1,011,974 68
Freight 4,339,937 79
Mail and Express 169,921 16
Miscellaneous 58,49300
Total ($4,925.92 per mile) $6,580,326.63 Total ($3,669.97 per mile) $4,044,24452
Net earnings (27.53 p. c.), $1,536,082.11; add income from investments, $39,917.33;
interest, discount and exchange, $17,328.20; insurance commissions, $2,213.97 — total
POOR S MANUAL COLORADO AND SOUTHERN RY. CO.
473
income, $1,595,541.61. Payments: Interest on bonds, $730,516.67; taxes, $216,180.26;
war revenue tax, $3,056.28 ; fiscal year's proportion of discount on bonds, $2,674.02 ;
fiscal year's proportion of interest on car trust notes, $16,355.83— total, $J)68;783.06. Sur-
plus: $626,758.55; surplus forward, $435,446.19— total, $1,032,204.74. Less dividends Nos.
3 and 4 on the 1st preferred capital stock (\y2 p. c. each), $255,000. Surplus carried
to credit of profit and loss, $807,204.74.
5. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $63,486,937 93
Improvements 828,943 79
New Equipment 1,749,281 79
Discount on Bonds 102,01813
Materials and Supplies 390,28823
Cash 903,211 19
* General Assets 1,595,095 16
Current Accounts -. 420,30535
Common Stock ( $100 shares) $31,000,000 00
First Preferred Stock ($100 shares)... 8,500,000 00
Second Preferred Stock ($100 shares). 8,500,000 00
Funded Debt Outstanding 18,474,000 00
Car Trust Notes.
Current Liabilities
Accrued Taxes
Accrued Interest, not yet Due.
Rails Released not Relaid
Profit and Loss
567,367 60
999,616 96
278,340 11
307,900 00
41,652 16
807,204 74
Total Assets $69,476,081 57 1 Total Liabilities $69,476,081 57
•Consisting of Colorado and Southern Ry. Co. 1st mtge. bonds, $350,784.92; C. & S. Ry. Co.
1st preferred stock trust certificates, $1,057.50 ; C. & S. Ry. Co. 2d preferred stock trust certificates,
$29,025; C. & S. Ry. Co. common stock trust certificates, $5.54; Denver Union Depot and Ry. Co.
capital stock, $80,000 ; Pueblo Union Depot and RR. Co. capital stock, $8,120 ; Pueblo Union Depot
and RR. Co. sinking fund, $9,600 ; cash in hands of trustee, received in payment of property and
securities pledged under the mortgage, $301.25; other securities, $1,116,200.95 — total, $1,595,-
095.16.
6. Statement of operations, income and balances for three years ending June 30:
1900
1901
1902
1900
1901
1902
Miles of Road Oper
Revenue Train Mileage :
1,141.55
861,496
1,586,121
111,610
1,141.55
808,857
1,599,894
119,003
1,120.94
869,633
j- 1,916,386
S
1,104,891
38,423
$
1,286,779
49,316
S
1,536,082
59,459
Mixed
1,143,314
696,196
197,923
3,850
1,336,095
715,120
204,431
3,756
768
6,373
170,000
1,595,541
730,517
216,180
3,056
2,674
16,356
255,000
Total
Interest on Bonds
2,559,227
605,065
27,102,650
2,564,547
258,943,438
$
811,835
3,216,918
165,479
43,511
2,587,754
687,887
31,351,208
2,927,364
308,179,266
$
859,441
3,720,623
160,299
54,286
2,786,019
832,385
38,228,823
3,669,861
360,007,908
$
1,011,975
4,339,937
169,921
58,493
Passengers Carried
Passenger Mileage
War Revenue Tax
Fiscal Year's Prop'n of
Freight (tons) Moved. .
Freight (ton) Miles
Earnings— Passenger . .
Freight ....
Mail & Exp.
Other
Total
Proportion of Interest on
Car Trust Notes
170,000
Total Deductions. . . .
Balance, Surplus
1,067,969
75,344
48,000,000
17,603,000
1,399,072
199,798
1,100,448
235,647
48,000,000
17,903,000
1,337,667
435,446
1,223,783
371,758
48,000,000
18,474,000
2,194,877
807,205
4,237,743
3,132,852
4,794,649
3,507,870
5,580,326
4,044,244
1,536,082
4,925 92
3,569 97
1.&55 95
72.47 p.c.
2.647 c.
1.204 c.
Funded Debt
Operating Expenses . . .
1,104,891
3,712 27
2,744 39
967 88
73.93 p.c.
2.995 c.
1.242 c.
1,286,779
4,200 12
3,072 90
1,127 22
73. 16 p.c.
2.741 c.
1.207 c.
Total Liabilities
Cost of Ptoad & Equip . .
Materials & Supplies. . . .
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile. ..
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile.
Av. Rate p. Ton p. Mile..
67,201,870
64,294,479
338,576
806,707
1,762,108
67,676,113
64,894,837
298,621
1,413,501
1,069,154
69,476,082
66,065,163
390,288
1,595,095
1,425,536
Other Assets
Total Assets
67,201,870
67,676,113
69,476,082
7. Capital Stock. — The general balance sheet shows the authorized capital stock and ( in
"General Assets") the amount of each class owned by the company. The preferred stock, in order
of priority, is entitled to dividends at the rate of 4 p. c. per annum, non-cumulative, before any
dividends can be paid on the common stock. The company reserves the right to redeem its preferred
stock at any time at par in cash, if allowed by law. It Is provided that no additional mortgage
shall be put upon the property embraced in the first mortgage of 1899, nor the amount of the 1st
preferred stock be increased, except with the consent In each instance of the holders of a majority
of the whole amount of 1st preferred stock, given at a meeting of the stockholders called for that
purpose. During the existence of the voting trust, the voting trustees shall not vote on the 1st pre-
ferred stock for the purposes indicated without the consent of holders of the like amount of that
class of beneficial certificates.
8. Voting; Trust. — All of the capital stock, except 50 shares of the common stock, Is held by
Grenville M. Dodge, Frederic P. Olcott, Harry Walters, Henry Budge and J. Kennedy Tod as voting
trustees under an agreement dated Dec. 31, 1898, and to endure until Jan. 1, 1904, or for such
474 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
further period as may elapse before the 1st preferred stock shall have received a 4 p. c. cash divi-
dend for three consecutive years, although the voting trustees may, in their discretion, deliver the
stock at any earlier date. Until delivery of stock is made the voting trustees will issue certificates
of beneficial interest entitling the holders to their shares at the termination of the voting trust and
to any dividends that may be declared in the meantime.
9. Fnnded Debt. — The funded debt consists of 1st gold 4s of Feb. 1, 1929. The authorized
issue is $20,000,000, the unissued bonds being reserved for additions, improvements and better-
ments, and for new construction or acquisitions, including the acquisition of coal properties. These
bonds, except such of them as shall be used for the acquisition of coal properties, are to be is-
sued at a rate not exceeding $300,000 per annum. The mortgage covers the entire property of the
company, Including future acquisitions, but subject, as to these, to any liens thereon at the time of
acquisition, and to purchase money liens created in such acquisition. It is provided in the mort-
gage that the Cheyenne and Northern line (from Cheyenne to Orin Junction, Wyo., 153.68 miles)
may be sold and the proceeds applied toward the reduction of the first mortgage indebtedness. Addi-
tional particulars respecting the funded debt will be found in the Ready Reference Bond List — see
General Index.
10. Car Trust Notes. — These consisted on June 30, 1902, of five issues, as follows: — $115,-
506.65, balance of $198,011.40 issued May 25, 1900, payable $3.300.19 monthly t« May 25, 1905 ;
$32,533.73, balance of $52,757.40 issued July 21, 1900, payable $879.29 monthly to July 21, 1905 ;
$57,737.34, balance of $64,152.60 issued Dec. 30, 1901, payable $1,069.21 monthly to Dec. 30,
1906 ; $191,667.38, balance of $198,276.60 issued April 21, 1902, payable $3,304.61 monthly to
April 21, 1907, and $169,922.50, balance of $203,907 issued Sept. 2, 1901, payable $3,398.45
monthly to Sept. 2, 1906.
11. Directors (elected Nov. 20, 1902).— G. M. Dodge, Henry Budge, J. Kennedy
Tod, E. C. Henderson, Frederic P. Olcott, E. J. Berwind, Adolph Lewisohn, Harry
Bronner, John J. Emery, Norman B. Ream, Edwin Hawley, New York, N. Y. ; Harry
Walters, Baltimore, Md. ; Frank Trumbull, Denver, Col.
G. M. DODGE, Chairman Board of Directors New York, N. Y.
FRANK TRUMBULL, President Denver, Col.
J. M. Herbert, Vice-President and Gen. Manager " "
Sec. & Treas. — Harry Bronner. .New York, N. Y. | General Auditor — A. D. Parker Denver, Col.
PRINCIPAL OFFICE AND ADDRESS Cooper Building, Denver, Col.
Eastern Office v 74 Broadway, New York, N. Y.
COLORADO MIDLAND RAILWAY COMPANY (THE).
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 259.54 miles).
Main Line: Colorado Springs to New Castle, Col 222.24 miles.
Leadville Branch : Arkansas Junction to Leadville, Col 3.84
Aspen Branch : Aspen Junction to Aspen, Col 18.45
Jerome Park Branch: Cardiff to Spring Gulch, Col 15.01 "
B. LEASED JOINTLY.
Rio Grande June. Ry.: Rifle Creek to end of R. G. June. Ry 62.08 "
O. TRACKAGE RIGHTS (total, 14.46 miles).
D. d R. G. RR.: New Castle to Rifle Creek, Col 13.44 "
D. & R. G. RR. : End R. G. J. Ry. to Grand June., Col 0.57 "
A., T. & 8. F. Ry.: Union Depot to Col. Mid. Ry. Tracks, Colorado Springs. . 0.45 "
Total length of all lines operated, June 30, 1902 336.08 miles.
Sidings, etc. (owned), 67.97 miles. Gauge, 4 ft. Sl/2 in. Rail (steel), 60, 65, and 75 Ibs.
2. History. — Chartered Oct. 11, 1897, as successor to the Colorado Midland RR. Co.,
whose property was sold under foreclosure on Sept. 8, 1897. See MANUAL for 1897, pages
190 and 1292. The property of the Busk Tunnel Co. (see MANUAL for 1899, page 537)
was acquired as of July 1, 1899, and the Hagerman Pass line was abandoned at the same
time.
In May, 1900, a majority of the stock of this company was purchased in the joint in-
terest of the Colorado and Southern and the Rio Grande Western Ry. Cos.
3. Rolling Stock, June 30, 1902. — Locomotives, 60. Cars — passenger, 37; baggage,
mail and express, 14; freight (box, 742; flat, 106; stock, 124; coal, 723; refrigerator, 20;
caboose, 26), 1,741; service cars, 10 — total cars, 1,802.
POOR'S MANUAL — COLORADO MIDLAND RY. CO. (THE).
475
4. General Income Account, year ending June 30, 1902.
Expenses — Maint, of Way and Struc.. $342,778 29
Maintenance of Equipment. 307,213 67
Conducting Transportation. 943,807 87
General Expenses 75,619 80
Earnings — Passenger $283,503 15
Freight 1,715,988 07
Mall and Express 152,57578
Miscellaneous 10,21851
Total ($6,433.84 per mile) $2,162,28551 Total ($4,967.33 per mile) $1,669,41963
Net earnings (22.79 p. c.), $492,865.88; add interest and dividends, $41,615.06—
total, $534,480.94. Payments: Interest on bonds, $361,940; rental of tracks and terminals,
$52,318.57; taxes, $100,199.12— total, $514,457.69. Surplus, $20,023.25; surplus forward,
$296,325.12 — total ($316,348.37, less deductions during the year, $4,125.67), $312,222.70.
5. Statement of operations, income, etc., for seven years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles RR. Operated (aver.)
335.97
335.97
342.50
342.50
336.08
336.08
336.08
Passenger Train Miles
426,639
521,362
553,640
467,438
506,550
600,225
570,281
Freight Train Miles
646,111
502662
587,804
499,809
548,338
640,132
553,263
Passengers Carried
186,756
164,691
165,387
154,100
222,536
221,004
250,418
Passenger Mileage
8,818,810
7,644,245
9,778,083
8,151,782
11,746,861
11,935,271
13,922,038
Freight (tons) Moved
707,234
631,618
734,854
749,928
925,432
1,058,569
1,040,496
Freight (ton) Miles
86,287,003
78,003-,654
92,236,396
80,235,765
90,356,972
115,347,854
115,476,827
Earnings — Passenger
$
270,635
$
251,261
1
255,932
$
226,009
$
338,235
1
334,833
$
283,503
Freight
1,570,499
1,361,970
1,402,743
1,308,152
1,715,623
1,889,500
1,715,988
Other. . .
65 146
58312
72768
125 637
143,179
160,850
162,795
Total Earnings
1906280
1 671 543
1 731 443
1 659 798
2,197,037
2,385,183
2,162,286
Operating Expenses
1 348 213
1 336 169
1 385685
1364450
1,571,045
1,701,968
1,669,420
Net Earnings
558067
335374
345 758
295348
625992
683,215
492,866
Other Receipts
953
5,897
10,594
15,448
34,269
41,615
Net Income '.
559,020
335374
351 655
305,942
641,440
717,484
534,481
Payments — Int. on Bonds
36 193
31 403
174680
172940
343,920
353,460
361,940
Taxes
103 139
102900
100000
92480
96,132
105,513
100,199
Rentals, etc ....
191 006
184 916
64882
38316
124 949
56736
52,319
Total Payments
330338
310 219
339 563
303736
565001
515 709
514458
Balance (+ or — )
+228*682
+16 155
+12093
+2205
+76 439
+201 775
+20,023
Gross Earnings per Mile
5 673 96
4975 27
5055 31
4846 13
6 537 24
7,097 07
6,433 84
Gross Expenses per Mile
4012 90
3977 05
4 045 81
3 983 80
4 674 62
5,064 18
4,967 33
Net Earnings per Mile
1 661 06
998 22
1 009 50
862 33
1 862 62
2032 89
1 466 51
Expenses to Earnings
Aver. Rate p. Pass. p. Mile. . .
70.73 p.c.
307c
79.94 p.c.
328c
80.93 p.c.
262c
82.21 p.c.
277c
71.51 p.c.
288c
71.36 p.c.
281c
77.28 p.c.
204c.
Aver. Rate p. Ton p. Mile
1.82 c.
1.74 c.
1.52 c.
1.63 c.
1.89 c.
1.64 c.
1.49c.
6. General Balance Sheet, June 30, 1902.
Cost of Road $16,170,33181
Cost of Equipment 1,428,34796
Materials and Supplies 108,89259
First Mtge. Bonds in Treasury 205,00000
Bills Receivable 90,29207
Current Accounts 44,650 06
Cash on Hand 381,914 93
Common Stock ($100 shares) $3,421,30000
Preferred Stock ( $100 shares) 4,954,800 00
Funded Debt Outstanding(see below).
Current Liabilities
Interest Accrued on Bonds.
Profit and Loss
9,151,000 00
366,001 72
224,105 00
312,222 70
Total Assets $18,429,42942 Total Liabilities $18,429,42942
7. Capital Stock. — The capital stock authorized is $10,000,000, consisting of $4,000,000
common stock and $6,000,000 non-cumulative 4 p. c. preferred stock.
8. Funded Debt consists of ($10,000,000 authorized) 1st gold 4s of July 1, 1947. On Jun<-
22, 1900, the directors decided that interest on all bonds issued and to be issued under the first
mortgage shall be paid hereafter in cash at the uniform rate of 4 p. c. per annum, and at the same
time the right to make the last $500,000 of bonds prior in lien to the remainder of the issue was
waived. (See MANUAL for 1900, page 472.) The bonds are secured on the entire property of the
company.
9. Directors (elected Nov. 20, 1902). — Frank Trumbull, Edward T. Jeffery, George
W. Kramer, Denver, Col.: Henry Budge, J. Kennedy Tod, Grenville M. Dodge, E. C. Hen-
derson, George J. Gould, Edwin Gould, Winslow S. Pierce, New York, N. Y.
FRANK TRUMBULL, President Denver, Col.
George W. Kramer, Vice-President "
Treas. — H. B. Henson, 195 B'way..New York, N.Y. I Gen. Manaiier — Chas. H. Schlacks.. .Denver, Col.
Sec. — Harry Bronner, 74 B'way... | Auditor — W. S. Wing "
PRINCIPAL OFFICE AND ADDRESS Denver, Col.
476
POOR S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
DENVER AND RIO GRANDE RAILROAD COMPANY.
(For map of this system, see page 411.)
INDEX xo THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Balance Sheet, 1901 and 1902. 15
Capital Account 10
Capital Stock 9
Directors and Officers 16
Earnings, Expenses, etc 6
Earnings, etc., 1895-1902 6
Financial Changes 13
Funded Debt 12
Gen. Balance Sheet 8
History 4
Income Account 5
Lines of Road 2
Mileage of System 1 and 2
Operations, etc., 1&01 and 1902. 15
Profit and Loss Account 7
Proprietary Roads 14
Rio Grande RR 4
Rio Grande Western Ry.... 14
Rolling Stock 3
Securities Owned 11
1. Mileage of the System, June 30, 1902 (details in Section 2).
Denver^ and Rio Grande RIt.: Lines owned absolutely 1,585.58 miles.
f Rio Grande and Santa Fe Ry 34.00 "
Rio Grande Gunnison Ry 9.59 "
Proprietary Roads: j Rio Grande> Pagosa and Northern RR 30.85 «
[ Rio Grande Sangre de Cristo RR 16.96 "
Owned Jointly: Rio Grande Junction Ry 62.08
Rio Grande Western Ry. •' Lines owned absolutely 458.11
{ Carbon County Ry 23.42
Sevier Ry 70.88
Proprietary Roads: I Tintic Range Ry 48.39
I Utah Eastern Ry 14.90
[ Utah Central RR. 35.67
Total mileage of the system, June 30, 1902 2.390.43 miles.
Deduct, mileage not operated:
Rio Grande, Pagosa and Northern RR 30.85 m.
R. G. W. Ry., Narrow-gauge trams in Utah 9.31 m. — 40.16 "
Length of lines operated by D. & R. G. RR. Co 2,350.27 miles.
Average mileage operated for the year 2,347.00 "
2d track, 35.51 m. ; sidings, etc., 527.77 miles. Gauges, 3 ft. (919.74 m.) and 4 ft. 8% in.
(1,470.59 m.). Trains to and from narrow-gauge lines are run from and to Denver by
means of a third rail. Rail (steel, 2,783.63 miles), 30 to 85 Ibs.
2. Lines of Road. — Statement showing the details of main track mileage of the
system, by divisions, June 30, 1902:
FOURTH DIVISION (507.57 m.). Miles.
Main j La Veta to Alamosa, Col 61.37
Line: \ Alamosa to Durango, Col 199.81
Branches and Spurs : Creede, 69.93 m. ; Es-
paflola,91.82 m. ; Santa Fe, 33.97 m; ; Cha-
nia Lumber Spur, 3.16 m. ; Silverton,
45.61 m. ; Durango and Silverton Smelt-
Maln
Line :
Denver and. Rio Grande RR.
FIRST DIVISION. (402.47 m.).
Miles.
(Denver to Salida, Col 215.04
Pueblo to Cuchara, Col 49.57
41.94
21.68
Cuchara to Trinidad, Col
Cuchara to La Veta, Col
Branches and Snurs : Fort Logan, 2.51 m. ;
Castle Rock Quarry, 4.26 m. ; Douglas
Quarry, 2.42 m. ; Manitou, 5.14 m. ; Coal
Creek, 3.19 m. ; Oak Creek, 2.63 m. ;
Chandler Creek, 4.61 m. ; Fremont, 1.89
m. ; Westcliffe, 25.57 m. ; Rouse, 5.41 m. ;
Santa Clara, 5.36 m. ; Engleville, 6.4 m. ;
Loma, 4.85 m 74.24
SECOND DIVISION (337.23 m.).
Main J Salida to Leadville, Col 60.78
Line: (Malta to Rifle, Col 115.97
Branches and Spurs : Calumet, 7.18 m. ;
Iron Silver Mine, 2.33 m. ; Ibex, 7m.;
Dillon, 36.28 m. ; Leadville Cut-off, 3.26
m. ; Aspen, 42.40 m 98.40
Rio Grande June. Ry. : Rifle to Grand
June., Col 62.08
THIRD DIVISION (442.74 m.).
Main ) Salida to Grand Junction, Col... 209.45
Line:] Mears June, to Alamosa, Col 73.44
Branches and Spurs : Monarch, 15.66 m. ;
Orient, 8.20 m. ; Crestone, 16.96 m. ;
Crested Butte, 32.31 m. ; Ruby Anthra-
cite, 10.71 m. ; Aberdeen, 4.47 m. : Lake
City, 35.84 m. ; Ouray, 35.70 m 159.85 Total mileage of system 2,390.43
•Includes 18.2 miles, from Grand Junction to Crevasse, owned by D. & R. G. RR. Co., but lease*
to R. G. W. Ry. Co. prior to consolidation, t Not operated.
ers, 1.9 m 246.39
Total D. & R. G. RR 1,690.01
Rio Grande Western Ry. Miles.
Main Line : Grand Jc., Col., to Ogden.Utah. *328.40
Branches and Spurs : Sundry short spurs,
15.02 m. ; Sunnyside, 17.96 m. ; Pleasant
Valley, 25.13 m. ; Thistle June, to Marys-
vale, Utah, 132.51 m. ; Tintic Range Ry.,
48.39 m. ; Heber, 26 m. ; Wasatch, 10.19
m. ; Bingham ( including short spurs,
4.33 m.), 18.59 m. ; Roper to Mill Creek,
3.25 m. ; Utah Central RR., 34.82 m 331.86
Narrow-gauge Trams in Utah (not oper'd). 9.31
Total R. G. W. Ry *669.57
tBio Grande, Pagosa and Northern RR. :
Pagosa June, to Pagosa, Col.
30.85
477
478
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
3. Rolling Stock, June 30, 1902.— Locomotives (3 ft. gauge, 138; 4 ft. 8y2 in.
gauge, 313), 451:
PASSENGER TRAIN
CARS.
R.G.W
D. & R. G.
Totals.
FREIGHT TRAIN CARS.
R.G.W
D. & R. G.
Totals.
St'ard
Gauge.
Nar.
Gauge.
St'ard
Gauge.
St'ard
Gauge.
Nar.
Gauge.
St'ard
Gauge.
Coaches
34
51
5
11
8
14
24
3
11
4
68
|19
21
3
5
153
5
11
( „
78
3
18
6
11
3
Box
815
124
334
493
1,734
575
223
1,972
2
60
35
53
4
16
26
3,749
322
938
1,634
' 38
85
177
15
' 14
5
76
6,298
1,021
1,495
4,099
o
167
165
364
27
17
42
32
76
Chair
Flat
Emigrant Sleepers . .
Stock
Baggage
Coal
33
69
45
134
8
1
2
27
Business
4
2
6
3
Construction
Water
Tank
Stock Growers' Cars. . .
Totals .
Wrecking, etc
Tool
Fruit
Totals
82
131
116
329
2,052
4,700
7,053
13,805
4. History. — Organized July 14, 1886, as successor to the Denver and Rio Grande
Ry. Co. (see MANUAL for 1891, page 691). The Rio Grande Junction Ry. was built
jointly by this company and the Colorado Midland Ry. Co. It is leased, and its bonds
are guaranteed jointly by the two companies. In Nov., 1890, a through standard-gauge
route was opened between Denver and Ogden over this road, the Rio Grande Junction Ry.
and the Rio Grande Western Ry.
Eio Grande Western Ey.—At a special meeting of the stockholders, held on May 15,
1901, authority was voted for the purchase of the Rio Grande Western Ry., and for the
issuing of $20,750,000 of preferred stock for that purpose. The purchase was completed
during the year ending June 30, 1902, and although there has not been a formal consoli-
dation of the two corporations, they are treated as one in the report of the Denver and Rio
Grande RR. Co., and the publication of a separate report in respect of the Rio Grande
Western Ry. Co. has been discontinued. For this reason the separate statement for the
Rio Grande Western Ry. Co. has been practically eliminated from the MANUAL (see Sec-
tion 14), and this statement has been made to conform to the report of the Denver and
Rio Grande RR. Co.
Proprietary Railroads. — The proprietary railroads named in Section 1 are controlled
absolutely by the Denver and Rio Grande RR. Co. or by the Rio Grande Western Ry. Co.,
but because their separate corporate existence is nominally maintained short statements
for them will be found in Section 14.
Rio Grande Sangre de Cristo RR. Co. — The Crestone Branch, from Moffat to Crestone
and to Cottonwood, Col., 16.96 miles, was built under the charter of the Rio Grande.
Sangre de Cristo RR. Co. It was completed Aug. 21, 1901, and has been operated by
the Denver and Rio Grande Co. since that date. The San Luis Valley Land and Mining
Co. furnished all the necessary labor and materials (except rails and fastenings, which
were furnished by the Denver and Rio Grande RR. Co. ) , and will be reimbursed for its
outlay by monthly payments based on the earnings from traffic over, and to and from, the
branch. The cost of the rails and fastenings furnished by the Denver and Rio Grande RR.
Co. has been charged to the Rio Grande Sangre de Cristo RR. Co., and the monthly reim-
bursements to the San Luis Valley Land and Mining Co. are also being charged to the
same company.
Rio Grande RR. Co.— Under the charter of this company a line known as the North
Fork Branch has been constructed from Delta to Paonia, Col., 43.09 miles. It was com-
pleted late in 1902 and has been purchased and absorbed by the Denver and Rio Grande
RR. Co. The purchase price was met by an issue of $850,000 1st consol. mtge. 4 per cent,
bonds of Jan. 1, 1936.
POORS MANUAL— DENVER AND RIO GRANDE SYSTEM.
479
Castle Valley Cut-off. — The construction of the Castle Valley Cut-off on the Rio
Grande Western Ry. was commenced in the spring of 1902. At the close of the fiscal year
ending June 30, 1902, the surveys and location had been completed and a contract let for
21 miles of grading. The cut-off will extend from Farnham on the main line to Salina
on the Marysvale Branch, a distance of 113 miles, and when completed will afford a route
38 miles shorter than the present one to Southwestern Utah. Important coal fields in the
vicinity of Salina Gallon and in contiguous districts can be opened up and the coal made
available for commercial use. The construction of the cut-off will be prosecuted from
time to time according to the requirements of the various classes of traffic which it is be-
lieved can be developed in the territory to be traversed.
EARNINGS. 1900-01
Passenger ......... 83,132,61242
Freight ............ 12,131,681 28
Mail and Express. . . I , rio^QiA R±
6 64
Miscellaneous.
. (Icneral Income Account, year ending June 30, 1902.
1901-02
$3,694,885 38
12,150,028 12
1,191,914 98
,
>.
EXPENSES.
Maim . of Way. etc.. .
Maint. of Equip
Transportation
General . . .
1900-01
2,384,912 07
1,699.714 57
5,723,373 95
539,135 92
1901-02
$2,456,233 32
1,718,378 66
5,686,079 99
470,850 46
Totals $16,359,610 34 817,036,828 48 Totals 810,347,136 51 $10,331,542 43
Aver, per Mile . . . 7,021 29 7,259 98 Aver, per Mile . 4,440 83 4,402 02
Net earnings, 1901-02 (39.36 p. c.), $6,705,286.05; add other receipts, $165,761.93 —
total, $6,871,047.98. Payments: Interest on funded debt, $2,898,092.50; taxes, $535,-
621.92; insurance, $44,394.91; rental of leased lines, $190,313.74; dividends on preferred
stock (Jan. 15 and July 15, 1902, 2^ p. c. each), $2,220,000; renewal fund, $120,000 —
total, $6,008,423.07. Surplus, $862,624.91; from which was appropriated toward pur-
chase of new standard-gauge freight equipment, $500,000; leaving balance carried to
credit of Profit and Loss, $362,624.91.
6. Statement of earnings, expenses and net earnings for eight fiscal years ending
June 30, 1895 to 1902, the statistics of the Rio Grande Western Ry. being included for the
entire period:
YEARS.
1895.
1896.
1897.
1898.
1899.
1900.
1901.
1902.
Gross
Earnings.
$
9,106,532
10,008,545
9,413,619
11,705,214
12,623,235
14,756,683
16,359,610
17,036,828
Operating
Expenses.
5,437,455
5,848,177
5,679,881
7,086,776
7,794,875
9,201,848
10,347,136
10,331,542
Net
Road
Per Mile Operated.
Exp.
Oper
A
to
Earnings.
Exp.
Net Earn.
Earn.
$
Miles.
$
$
$
p. c.
3,669,076
2,177
4,183
2,498
1,685
59.71
4,160,368
2,181
4,589
2,681
1,908
58.43
3,733,738
2,212
4,256
2,568
1,688
60.34
4,618,438
2,232
5,244
3,175
2,069
60.54
4,828,360
2,254
5,600
3,458
2,142
61.75
5,554,835
2,294
6,433
4,011
2,422
62.36
6,012,474
2,330
7,021
4,441
2,580
63.25
6,705,286
2,347
7,259
4,402
2,857
60.64
7. Profit and LOSS Account, June 30, 1902. — Balance, surplus, June 30, 1901,
$3,122,401.57; income balance, June 30, 1902, $362,624.91; sundry credits during year.
$13,780.38— total, $3,498,806.86. Deduct: Discount on 1st Consol. 4 p. c. bonds, $36,000;
interest on interim certificates account acquisition R. G. W. Ry., $65,548.79; sundry ex-
penditures, account acquisition R. G. W. Ry., $13,644.11; adjustments during the year
to profit and loss, direct (net) $5,970.81 — total, $121,163.71. Balance to credit of profit
and loss, June 30, 1902, $3,377,643.15.
8. General Balance
Cost of Road ....$113,517,43718
Equipment 8,656,44380
Express Equipment 50,000 00
Real Estate 90,97762
Current Betterments 46,56100
Materials and Supplies 916,04294
Securities in the Treasury 3,626,966 63
Pueblo Union Depot Sinking Fund. 9,600 00
Investments (see Sec. 11) 22,115,16967
Securities Deposited with the Mor-
ton Trust Co., Trustee 9,477,06352
Current Accounts and Balances 2,506,62773
Cash 2,786,401 84
Special Renewal Fund 403,92208
Total Assets $164,208,21401
Sheet, June 30, 1902.
Common Stock $38,000,000 00
Pref. Stock 5 p. c. non-cumulative.. 44,400,000 00
Funded Debt Outstanding 45,619,500 00
Rio Grande Western Funded Debt. . 27,476,600 00
Bond Coupons, including July 1, 1902. 1,106,931 25
Accrued Interest 138,91333
Accrued Taxes 442,126 57
Accrued Rentals of Leased Lines... 37,57118
Dividends on Preferred Stock 1,110,880 00
Other Current Liabilities 1,853,36751
Equipment Renewal Fund 118,18164
Insurance and Other Reserve Funds. 207,577 30
Renewal Fund 313,92208
Profit and Loss 3,377,64315
Total Liabilities $164,203,214 01
POOR S MANUAL ol~ RAILROADS— SOUTHWESTERN GROUP.
9. Capital Stock. — The authorized capital stock Is $82,400,000, consisting of $38,000,000 ot
common stock and $44,400,000 of preferred stock ; shares, $100 each.
1O. Coat of Road — Adjustments Therein June 30, 1901, to June 30, 1902.
Balance, June 30, 1901, inc. R. G. W. Rv. Equipment. . . .
D. <fe R. G. RR.
$
83,984,952 86
R. G. W. Rv.
$
31,382,240 22
Total.
$
Rio Grande West. Ry. Equipment now written out of
this account into Equipment
2,260,326 50
Cost of Road, June 30, 1901, exc. R. G. W. Ry. Fquip
Betterments transferred to this account..
83,984,952 86
9,174,697 07
29,121,913 72
113,106,866 58
9,174,697 07
Construction of Branches transferred to this account. .
8,061,914 45
8,061,914 45
L tab. Cent. RR. Construction transferred to this account
338,076 04
338,076 04
Improvements R. G. W. Ry. transferred to this account. .
272,289 64
272,289 64
Construction Carbon Co. Ry. transferred to this account.
19,701 22
19,701 22
Construction Castle Val. Ry. transferred to this account
49,829 60
49,829 60
Improvements Sevier Ry. transferred to tliis account
235 77
235 77
TOTAL DEBIT
101,221,564 38
29 802,045 99
131,023,610 37
12th South St. Line Construction Fund Unused
6,173 19
6,173 19
* Common Capital Stock . ...
10 000 000 00
10 000,000 00
* Preferred Capital Stock
7 500000 00
7 500,000 00
TOTAL CERDIT
17,506,173 19
17,506,173 19
Cost of Road, June 30, 1902 101,221,56438 12,295,87280 113,517,43718
* These two items are written out of "Cost of Road" for the reason that the amounts are included in
"Investments" ^see See. 11).
11. Securities owned by the company and distribution thereof, June 30, 1902:
Securities in Treasury.
Rio Grande Southern RR. 1st 4s $919,366 63
Rio Grande Gunnison Ry. 1st 6s 87,000 00
Denver & Rio Grande RR. 1st cons. 4s. 67,000 00
Denver & Rio Grande RR. imp. 5s 16,500 00
Denver & Rio Grande RR. 1st cons. 4£s. 500 00
Rio Grande Western Ry. 1st cons. 4s. 2,276,600 00
Utah Cent. RR. 1st 4s 260,00000
Total ............................. $3,626,966 63
Investments.
Rio Grande & Santa Fe Ry. com. stock $217,500 00
Rio Grande Southern RR. com. stock. 225,560 00
Rio Grande June. Ry. common stock. 173,311 00
Rio Grande RR. common stock ....... 580,00000
Rio Gr., Pagosa & No. RR. com. stock. 123,730 57
Western Express Co. common stock.. 20,00000
Denver & Rio Grande RR. preferred.. 5,580 00
Duchesne Ry. Co. common stock ...... 5,11020
Castle Valley Ry. Co. common stock. . 4,257 90
Carbon County Ry. common stock ____ 2,00000
Pueblo Un. Dep. & RR. Co. com. stock. 8,120 00
Rio Gr. West
Ry.
preT } 20,750,000 00
Deposited with Morton Trust Co., trustee, under
1st consol. mtge. of Rio Grande Western Ry. Co.
Utah Fuel Co. capital stock $6,000,00000
Tintic Range & Sevier Ry. Co. stock.. 3,474,249 43
Utah Cent. RR. capital stock 2,74572
Utah Eastern Ry. capital stock 6837
Total $9,477,063 52
Special Renewal Fund.
Denver & Rio Grande RR. 1st consoles. $140,313 75
Rio Grande Southern RR. 1st 4s 172,900 00
Cash to be Invested 90,708 33
Total . .. $403,922
Total $22,115,169 67
12. Funded Debt. — The funded debt outstanding on June 30, 1902 — total $45,619,50C
per general balance sheet — consisted of the following issues (additional particulars will be found In
the Ready Reference Bond List — see General Index) :
931,117,OOO Denver and Rio Grande RR.Co. 1st
consol. gold ts of Jan.l, 1936, secured by first mort-
gage on the entire property of the company. The
total amount of bonds authorized by the mort-
gage is $42,000,000. of which the above amount of
4s and the $6,382,500 of 4Js described in the next
paragraph, or a total of $37,499,500, were issued
prior to June 30, 1902, leaving on that date $4,-
500,500 issuable against future capital require-
ments. After the close of the fiscal year $1,400,-
000 additional of the 4 p. c. bonds were issued,
making the total amount of that class now out-
standing $32,517,000. These bonds were issued,
$550,000 for improvements and additions and
$850,000 to acquire the North Fork Branch of the
Rio Grande RR. Co., from Delta to Paonia, Col.,
43.09 miles, free from mortgage or other indebt-
edness.
f6,382,5OO Denver and Rio Grande RR. Co.
lit consol. gold 4Js of Jan. 1, 1986, secured by
first mortgage on the entire property of the
company, in common with the 1st consol. mtge.
4 p. c. bonds described in the preceding para-
graph.
98,120,000 Denver and Rio Grande RR. Co.
improvement mortgage gold 5s of June 1, 1928.
These bonds are authorized at the rate of $5,000
per mile, and were issued to provide the means
for laying a third rail to broaden the narrow-
gauge road to the standard and for other im-
provements. They are subject in lien to the 1st
consol. mtge. bonds.
915,2OO,OOO Rio Grande Western Ry. Co. 1st
trust gold 4s of July 1, 1939, secured on 438.01
miles of the Rio Grande Western Ry., including
11.3 miles of tiamway. In case of default in
payment of interest the bondholders may ap-
point a majority of the board of directors.
912,276,600 Rio Grande Western Ry. Co. 1st
Railroad Map of Iowa and Missouri.
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EMBRACING
A HISTORY OF MONETARY THEORIES
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By HENRY V. POOR,
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Railroad Map of Oklahoma, Indian Territory and Texas.
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BUSINESS FOUNDED 1793
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By HENRY V. POOR.
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POORS MANUAL — DENVER AND RIO GRANDE SYSTEM.
481
consol. series A gold 4s of April 1, 1949. Of these
bonds $10,000,000 were outstanding on June 30,
1902, and $2,276,600 were held in the treasury;
$2,200,000 of the treasury bonds have been sold
since the close of the fiscal year to reimburse
the company for capital expenditures made out
of its income, leaving only $76,600 now in the
treasury. Further issues of bonds secured by
the same mortgage may be made for the follow-
ing purposes : At not exceeding the rate of $20,-
000 per mile for the construction or acquisition
of additional lines of railroad ; $2,000,000 at not
exceeding the rate of $500,000 a year (unless the
written consent of the owners of at least two-
thirds of the capital stock shall be obtained for
the issuing of a greater amount) for the further
development of the property ; and $16,200,000 for
the retirement of the 1st trust mtge. bonds. The
bonds are secured on the entire property of the
Rio Grande Western Ry. Co., but subject In Hen
to the 1st trust mtge. bonds, and they are addi-
tionally secured by deposit of all the stock
and all the bonds of the Tintic Range and the
Sevier Ry. Cos., and of all the stock of the Utah
Central RH. Co., Utah Eastern Ry. Co. and Utah
Fuel Co. (see Sec. 11). At present the bonds are
secured by first mortgage on the Provo Cafion
Branch, from Provo to a connection with the
Utah Eastern Ry., 11.1 miles, on 0.37 miles of the
Pleasant Valley Branch, and on 4.22 miles of
spurs. The company reserves the right to re-
tire the whole issue, but not any part of it,
on any interest day at par and accrued Interest,
after six months' notice.
1 3. Summary of Financial Operations of The Denver and Rio Grande RR. Co. ( includ-
ing The Rio Grande Western Ry.) from June 30, 1901, to June 30, 1902, outside of its
Income Account :
Resources to Be Accounted For.
Decrease of Assets : Betterments, $9,174,697.07 ; construction of branches, $8,061,-
914.45 ; improvements on leased lines, $347,052.16 ; Bovino Stock Yards,
$8,809.63 ; spur to sugar works, Grand Junction. $2,841.86 ; cash, $419,565.78 ;
agents and conductors, $118,405.46 ; U. S. Government, $99,849.24 ; sundries,
$662.92 $18,233,798 57
Increase of Liabilities : D. & R. G. RR. Co. capital stock, preferred. $20,750,000 ;
D. & R. G. RR. Co. 1st consol. mtge. 4 p. c. bonds, $2,400,000 ; vouchers, $546,-
476.32 ; D. & R. G. RR. Co. mtge. bond coupons due and unpaid, including July
1 coupons, $43,322.50 ; R. G. W. Ry. Co. mtge. bonds coupons due and unpaid,
including July 1 coupons, $8,846.67 ; R. G. W. Ry. Co., mtge. bond coupons
on unexchanged bonds of D. & R. G. W. Ry. Co., $133.33 ; Utah Central RR. Co.
mtge. bond coupons due, $980 ; equipment renewal fund, $111,629.87 ; accrued
taxes, $180,139.17 ; accrued rental of leased lines, $4,542.50 ; dividends on pre-
ferred capital stock, $519,505 ; third rail account, Denver to Pueblo, $47,942.98.. 24,613,518 34
Increase in Renewal Fund 32,270.67
Increase In Profit and Loss ' 255,241.58
Total $43,134,829.16
Resources Accounted For.
Increase of Assets : Cost of road, $410,570.60 ; equipment, $2,260,976.18 ; real
estate, Utah, $65,915.36 ; current betterments, $46,561 : materials and supplies,
$226,174.47 ; loans and bills receivable, $1,105,000 ; individuals and companies,
$457,561.41 ; Pueblo Union Depot and RR. Co. sinking fund, $800 ; D. & R. G.
RR. Co. 1st consol. mtge. 4 p. c. bonds, special renewal fund, $72,608.75 ;
cash to be invested, $49,661.92 ; special investment R. G. W. Ry. Co., common
and preferred capital stock, $20,750,000 ; Rio Grande, Pagosa and Northern
RR. Co. capital stock, $38,348.64 $25,484.178 33
Decrease of Liabilities : R. G. W. Ry. Co. capital stock, common, $10,000,000 ; R.
G. W. Ry. Co. capital stock, preferred, $7,500,000 ; pay rolls, $28,413.81 ;
express money orders, $2,462.23 ; traffic balances, $67,909.99 ; insurance and
other reserve funds, $38,182.63 ; sundries, $13,682.17 17,650,650 83
Total $43,134.829.16
14. PROPRIETARY AND LEASED RAILROADS.
RIO GRANDE AND SANTA FE RY.— Es-
panola to Santa Fe, N. M., 34 miles.
HISTORY. — Chartered in 1895 to acquire, in
the interest of the Denver and Rio Grande RR.
Co., the property of the Santa Fe Southern RR.
Co. (See Manual for 1895, pages 254 and 1394,
and Manual for 1896, page 522.) Owned by the
Denver and Rio Grande RR. Co. and operated by
that company under a lease dated July 1, 1896,
and to endure until July 15, 1936.
FINANCIAL STATEMENT. — Capital stock,
representing cost of road, $375,000. The stock is
all owned by the D. & R. G. RR. Co.
CORPORATE OFFICERS. — E. T. Jeffery,
Pres. ; Joseph W. Gilluly, Treas. ; J. B. Andrews,
Sec., Denver, Col. Office, Denver, Col.
RIO GRANDE GUNNISON RY Wagon
Wheel Gap to Creede, Col., 9.59 miles. Rail
(steel), 40 Ibs.
HISTORY. — Leased to the Denver and Rio
Grande RR. Co., Dec. 31, 1891, the lease (dated
Dec. 1, 1891) being terminable on 60 days' notice;
annual rental, $6,000, being interest on bonds.
The entire issue is owned by the D. & R. G. RR.
Co.
FINANCIAL STATEMENT. — Capital stock,
$500; funded debt (1st mtge. 6 p. c. gold bonds,
dated Dec. 1, 1891, payable on demand ; interest
Dec., at Denver, Col.), $100,000; unfunded debt,
$3,560 — total, $104,060. Contra: Cost of road,
$100,000; other assets, $4,060 — total, $104,060.
Trustee of bonds, Edward T. Jeffery.
CORPORATE OFFICERS. — Edward T. Jef-
fery, Pres. ; Joseph W. Gilluly, Treas. ; John
B. Andrews, Sec., Denver, Col.
RIO GRANDE RR Delta to Somerset, Col..
43.06 m. ; Texas Creek to Westcliffe, Ool., 25.57
m. — total, 68.63 miles. Gauges, 4 ft. 81 in.
(25.57 m.) and 3 ft. (43.06 m.). Rail (steel,
25.57 m.), 65 Ibs. The narrow-gauge line. Delta
to Somerset, was built in 1902 (see Sec. 4) ; the
standard-gauge line, Texas Creek to Westcliffe,
in T903. The road is owned and operated by the
Denver and Rio Grande RR. Co. Capital stock
Issued to June 30, 1903 ($2,000,000 auth. ; $100
shares), $5SO.OOO.
CORPORATE OFFICERS. — E. T. Jeffery,
Pres., New York, N. Y. ; J. F. Vaile, Vice-Pres. ;
J. W. Gilluly. Treas. ; J. B. Andrews, Sec., Den-
ver, Col. Office, Denver, Col.
482
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
15. Statement of property, operations, and capital account for two years ending
June 80, Denver and Rio Grande System :
1901
1902
1901
1902
Miles of Railroad
2,393.69
2,330.00
2,313.61
2,858.67
2,681.17
420
301
10,144
3,432,441
5,365,814
2,390.69
2,347.00
2,328.35
2,891.63
2,783.63
451
329
13,805
3,554,892
5,003,145
Gross Earnings per Mile ....
Oper. Expenses per Mile ....
Net Earnings per Mile
7.021.29
4,480.83
2,580.46
63.25 p.c.
2.14 c.
1.24c.
$
38,000,000
41,150,000
70,696,100
3,702,681
281,651
3,122,402
S
7,258.98
4,402.02
2.856.96
60.64 p.c.
2.05 c.
1.22 c.
$
38,000,000
44,400,000
73,096,100
5,015,549
313,922
3,377,643
Average Miles Operated . . .
Miles of Railroad Owned
Miles of Track Owned
Miles of Steel Rail
Expenses to Earnings
Locomotives
Av. Rate per Pass, per Mile
Av. Rate per Ton per Mile . .
Common Stock
Freight Train Cars
Passenger Train Miles
Preferred Stock
Funded Debt
Freight Train Miles
Current Liabilities
Total Revenue Train Miles. .
8,798,255
1,137,792
146,582,093
5,736,062
979,498,415
$
3,132,612
12,131,681
1,095,317
8,558,037
1,356,001
179,843,295
6,507,124
998,010,972
1
3,694,885
12,150,028
1,191,915
Profit and Loss
Total Liabilities.
156,952,834
113,106,867
6,395,468
17,620,377
3,626,967
9,477,063
1,326,821
689,868
50,000
8,800
281,651
1,162,984
3,205,968
164,203,214
113,517,437
8,656,444
137,538
3,626,967
9,477,063
22,115,170
916,043
50,000
9,600
403,922
2,506,628
2,786,402
Freight (tons) Moved
Cost of Road
Freight (ton) Miles
Earnings — Passenger
Equipment
Real Estate and Other Inv.. .
Securities in Treasury
Morton Trust Co., Trustee . .
Freight
Miscellaneous . .
Gross Traffic Earnings
16,359,610
10,347,136
17,036,828
10,331,542
Materials and Supplies . .
Operating Expenses
Express Equipment
Sink. F'd, Pueblo U'n Dep. . .
Special Renewal Fund
6,012,474
161,775
6,705,286
165,762
Other Receipts
Current Assets
Available Revenue
Cash
6,174,249
2,653,633
498,738
(5)1,557,388
180,729
172,524
6,871,048
2,898,092
535,622
(5)2,220,000
190,314
44,395
Total Assets
Payments — Bond Interest . .
Taxes
Dividends on Pref . Stock .
Lease Rentals
Other Items
5,063,012
1,111,237
5,888,423
982,625
Balance Surplus
156,952,834
164,203,214
14. Proprietary and Leased Railroads. — Continued.
RIO GRANDE SANGRE DE CRISTO RR.
— Moffat to Cottonwood, Col., 16.96 m. ; total
track (steel; 30 Ibs.), 18.41 miles. Chartered
Jan. 8, 1901 ; road opened Aug. 22, 1901. Operated
by the Denver and Rio Grande RR. Co. Capital
stock, $700. Cost of road to June 30, 1902, $142,-
9S6. The San Luis Valley Land and Mining Co.
furnished all the necessary labor and materials
(except rails and fastenings, which were fur-
nished by the Denver and Rio Grande RR. Co.),
and will be reimbursed for its outlay by monthly
payments based on the earnings of the Denver
RIO GRANDE WESTERN RY This com-
pany was formed in June,
dation of the (reorganized)
by the consoli-
Denver and Rio
Grande Western Ry. Co. and the Denver and
State Line Ry. Co. (See Manual for 1889, page
887.) The company owns all the securities of
the Carbon County Ry. Co., Sevler Ry. Co., Tin-
tic Range Ry. Co. and Utah Eastern Ry. Co.,
besides owning all the capital stock and $260,000
of the bonds of the Utah Central RR. Co. Sep-
arate statements for the companies named are
appended hereto. The company also owns the
entire capital stock of the Colorado Fuel Co.,
which owns more than 20,000 acres of land (In-
cluding 10,000 acres to which the title Is not yet
fully secured) on the lines of the Rio G/ande
and Rio Grande RR. Co. from traffic over and to
and from this road. The cost of the rails and
fastenings furnished by the Denver and Rio
Grande RR. Co. has been charged against this
company, and the monthly reimbursements to
the San Luis Valley Land and Mining Co. are
also being charged to the company.
CORPORATE OFFICERS. — B. T. Jeffery,
Pres., New York, N. Y. ; J. W. Gilluly, Treas. ;
J. B. Andrews, Sec., Denver, Col. Office, Denver,
Ool.
sand acres additional through ownership of
frontage, the whole estimated to contain over
200,000,000 tons of coal. The Fuel Company has
204 coke ovens in full operation. There are out-
standing against its properties $1,963,000 of 5 p. c.
bonds, $150,000 of which are held in the treasury
for capital requirements. The Denver and Rio
Grande RR. Co. having acquired the whole capi-
tal stock of the Rio Grande Western Ry. Co., the
corporations have become practically one, al-
though a formal consolidation has not been ef-
fected. The accounts and statistics of the Rio
Grande Western Ry Co. are Included in those of
the Denver and Rio Grande RR. Co. and are
no longer published separately. (See Manual for
1902, page 452.)
Western Ry., with the control of many thou-
PROPRIETABY AND LEASED LINES or THE R. G. W. RY. Co.
Carbon County Ry. — Mounds to Sunny-
side, Utah, 17.38 m. ; Scofleld to Clear Creek,
Utah, 5.46 m. ; branch to mines, 0.58 m. — total,
23.42 m. ; total track (steel; 65 Ibs.), 27.77 miles.
Chartered Nov. 20, 1899 ; road opened Jan. 1,
1900. Capital stock ($100 shares), $33,000. The
Rio Grande Western Ry. Co. owns the capital
stock and has deposited It as security for Its
1st consol. mtge. bonds. E. T. Jeffery, Pres.,
New York, N. Y ; Wm. F. Colton, Treas., B.
POOR S MANUAL — DENVER AND RIO GRANDE SYSTEM.
483
A. Greenwood, Sec., Salt Lake City, Utah. Office,
Salt Lake City, Utah.
Sevier Ry — Mantl to Marysvale. Utah, 70.88
m. ; total track (steel; 30 and 65 IDS.), 76.65
miles. Chartered in May, 1891 ; road opened
from Manti to Belknap, 61.96 m., on Nov. 1, 1896
(see Manual for 1S99, page 682) ; extended from
Belknap to Marysvale, 8.92 m., after June 30,
1900. Capital stock ( common, $929,400 ; preferred,
$619,600). $1,549,000; 1st 5 p. c. bonds of Sept. 1,
1921, $1,772,000 — total, $3,321,000. All of the bonds
and all except ten shares of the capital stock
are deposited as security for the 1st consol. mtge.
bonds of The Rio Grande Western Ry. Co. E.
T. Jeffery, Pres., New York. N. Y. ; Wm. F.
Colton, Treas., E. A. Grenwood, Sec., Salt Lake
City, Utah. Office, Salt Lake City, Utah.
Tin tie Rangre Ry. — Springville to Silver
City, Utah, and spurs, 48.39 m. ; total track
(steel; 57 Ibs.), 54.35 miles. Chartered May 11
and July 29, 1891 ; main line opened Jan. 1, 1892.
Capital stock — common, $780,600 ; preferred,
$520,400 ; 1st mtge. 5 p. c. bonds of April 1, 1922,
$1,301,000 — total, $2,602,000. All of the bonds and
all except ten shares of the capital stock are de-
posited as security for the 1st consol. mtge. bonds
of The Rio Grande Western Ry. Co. E. T. Jef-
fery, Pres., New York, N. Y. ; Wm. F. Colton,
Treas., E. A. Greenwood, Sec., Salt Lake City,
Utah. Office, Salt Lake City, Utah.
Utah KiiNtern Ry. — Mile Post 11 of Provo
Canon Branch of The R. G. W. Ry. to Heber,
Utah, 14.9 m. ; total track (steel; 52 Ibs.), 16.01
miles. Chartered Dec. 28, 1897 ; road opened Oct.
1, 1899. Capital stock ($100 shares), $250,000. The
capital stock is deposited as security for the 1st
consol. mtge. bonds of The R. G. W. Ry. Co.
Stephen H. Babcock, Pres. ; Wm. F. Colton,
Treas. ; E. A. Greenwood, Sec., Salt Lake City,
Utah. Office, Salt Lake City, Utah.
Utah Central RR — Salt Lake to Park City,
Utah, and spurs, 34.07 m. ; Ontario Mine Spur
(owned Jointly with U. P. RR. Co.). 1.6 m. —
total, 35.67 m. — total track (steel), 40.83 miles.
Gauge, 4 ft. 8J in. Chartered Dec. 29, 1897,
as successor to the Utah Central Ry. Co. (See
Manual for 1898, page 226.) Leased to The
R. G. W. Ry. Co. for 49 years from Jan.
1, 1898. The broadening of the gauge from
3 ft. to the standard and the reconstruction
of the line were done after June 30, 1900.
Locomotives, 4. Cars — passenger, 5 ; freight,
89 — total, 94. Capital stock, $250,000; funded
debt (1st 4s of Jan. 1, 1917), $650,000 —
total, $900,000. The stock is all owned and the
bonds are guaranteed, principal and interest, by
The R. G. W. Ry. Oo. E. T. Jeffery, Pres.,
New York, N. Y. ; Wm. F. Colton, Vice-Pres. &
Treas., E. A. Greenwood, Sec., Salt Lake City,
Utah. Office, Salt Lake City, Utah.
Edw. O. Wolcott.. ..Denver, Col.
Chas. G. Warner.. St. Louis, Mo.
Russell Harding. . "
1(>. Board of Directors, Denver and Rio Grande RR. Co., as constituted June I, 1903.
GEORGE J. GOULD, Chairman Board of Directors New York, N. Y.
E.H.Harriman...New York,N.Y. I M. L. Schiff. ...New York, N. Y.
Arthur Coppell. I Winslow S. Pierce "
Geo. J. Gould.. I Edw. T. Jeffery.
EDWARD T. JEFFERY, President New York, N. Y.
Russell Harding, Vice-Pres. and General Manager St. Louis, Mo.
Treasurer — Joseph W. Gilluly Denver, Col. | Sec. & Comp. — Stephen Little New York, N. Y.
Auditor — Edward R. Murphy Denver, Col.
GENERAL OFFICES Equitable Building, 17th and Stout Streets, Denver, Col.
New York Office. . 195 Broadway | London Agta., J. K. Gilliat & Co., 4 Crosby sq.
DENVER AND RIO GRANDE SYSTEM.— Controlled Railroad, Operated by Its
Own Organization.
BIO GRANDE SOUTHERN RR.— Ridgway to Durango, Col., 162.6 m.; Vance
Junction to Pandora, Col., 9.8 m.; branches to mines, 8 m. — total, 180.4 m. ; total track
(steel; 30 to 57 Ibs.), 206.22 miles. Gauge, 3 ft.
History.— Chartered Oct. 30, 1889; road opened Feb. 1, 1892. Receiver appointed
Aug. 2, 1893. Company reorganized, and the property returned to the stockholders on
Dec. 1, 1895. (See MANUAL for 1897, page 416). Controlled by the Denver and Rio
Grande RR. Co., through ownership of a majority ($2,255,600) of the capital stock,
which has been placed in trust under agreement of Feb. 27, 1895. (See MANUAL for
1896, page 522.)
Rolling Stock, June 30, 1902. — Locomotives, 22. Cars — passenger, 12; baggage,
etc., 3; freight (box, 380; stock, 60; flat, 119; coal, 140; caboose, 6), 705; business, 2;
snow-plow, 1 ; other, 17 — total, 740.
Operations, year ending June 30, 1902. — Earnings (passenger, $104,447.96; freight,
$430,645.61; mail, express, and other, $40,581.70), $575,675.27. Operating expenses,
$313,134.71. Net earnings (45.61 p. c.), $262,540.56; interest received, $7,706.52— total,
$270,247.08. Payments: Interest on bonds, $180,400; insurance, $1,905.05; taxes, $35,-
«50— total, $217,955.05. Surplus, $52,292.03; surplus forward ($124,914.21 ; plus adjust-
ments for year, $284.43), $125,198.64— total, $177,490.67.
General Balance Sheet, June 30, 1902.— Capital stock ($5,000,000 auth. at $25,000
per mile; $100 shares), $4,510,000; funded debt (see below), $4,510,000'; current liabili-
ties, $261,647.03; profit and loss, $177,490.67— total, $9,459,137.70. Contra: Cost of
road and equipment, $9,020,000; materials and supplies, $22,736.41; securities in treasury,
$116,459.03; cash and current assets, $299,942.26— total, $9,459,137.70.
Funded Debt. — The authorized issue of 1st mtge. bonds is $5,000,000, being at the rate of
$26,000 per mile, of which there were outstanding June 30, 1902, $4,510,000. The rate of interest
484 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
was 5 p. c. per annum, but by agreement with tbe bondholders the interest was reduced to 3 p. c.
per annum to and including Jan. 1, 1898, and thereafter 4 p. c. per annum until maturity. Of the
bonds outstanding on June 30, 1902, $2,277,000 bear the guaranty of the D. & R. O. RR. Co. ;
71,677,000 of such guaranteed bonds are held by the D. & R. G. RR. Co. and $600,000 are held by
other parties.
Directors (elected Oct. 21, 1902).— George J. Gould, Arthur Coppell, Howard Gould,
E. T. Jeffery, New York, N. Y.; Clarence Buckingham, Chicago, 111.; Otto Mears, S. N.
Wood, Denver Col. OFFICERS: E. T. JEFFEBT, Pres., 195 Broadway, New York, N. Y; J,
\V. Gilluly, Treas.; J. B. Andrews, Sec.; E. R. Murphy, Auditor, Denver, Col. PRINCIPAL
OFFICE, Denver, Col.
DENVER AND SOUTHWESTERN RAILWAY COMPANY.
1. Mileage Operated, Nov, 30, 1902.
F. A C. C. SB. : Florence, Col., to Cripple Creek, Col 40.96 miles,
O. C. RR.: Victor to Vista Grande, Col 6.59 "
C. C. d C. C. RR.: Canyon City to Ora Junta, Col 7.24 "
If. T. Ry.: Divide, Col., to Cripple Creek, Col 29.40 "
Total length of road owned and operated, Nov. 30, 1902 84,19 miles.
Sidings, etc., 41.42 miles. Gauges, 3 ft. and 4 ft. Sy2 in. Rail (steel), 60 Ibs,
2. History. — Incorporated Nov. 18, 1899, to acquire the securities of the Midland
Terminal Ry. (see MANUAL for 1899, page 606), the Florence and Cripple Creek RR.,
the Golden Circle RR. (see MANUAL for 1899, page 602), the La Bella Mill, Water and
Power Co., the Colorado Trading and Transfer Co., and to own three-fourths interest
in the stock of the Metallic Extraction Co. The Canyon City and Cripple Creek RR.,
from Canyon City to Ora Junta, was opened Feb. 1, 1900.
3. Rolling Stock, Nov. 30, 1902. — Locomotives, 26. Cars — passenger, 11; com-
bination, 3; baggage, etc., 2; freight (box, 389; coal, 99; flat, 8), 496; caboose, 10;
other cars, 20 — total, 542. Of this equipment, 1 locomotive and 200 box cars are leased.
4. General Income Account, year ending November 30, 1902.
Expenses,
Gross Incl. Taxes Net
Earnings. and Rentals. Earnings.
$ < $
F. & C. C. RR.. C. C. and C.C. RR. and Golden Circle RR. 521 ,765 58 416,590 99 105,174 59
Midland Terminal Ry. Co 273,096 26 319,963 33 De/.46,867 07
Metallic Extraction Co. (three-fourths) 7,641 87 7,641 87
La Bella Mill, Water and Power Co 105,248 40 81,950 29 23,298 11
Colorado Trading and Transfer Co 162,013 31 117,467 87 44,545 44
Denver and Southwestern Ry (Miscellaneous) 18,935 58 10,665 00 8,270 58
Totals 1,088,701 00 946,637 48 142,083 52
Net earnings, $142,063.52. Payments : Interest on bonds, $270,363 ; applied to sink-
ing fund, $108,654.81; dividends on preferred stock (1% p. c.), $25,000; on common ;
stock (P/2 p. c.), $45,000 — total, $449,017.81. Deficit, $306,954.29; surplus forward,
$343,127.80; net surplus, $36,173.51.
5. General Balance Sheet, Nov. 30, 1902.— Capital stock ($3,000,000 common;
$2,000,000 preferred; $100 shares), $5,000,000; funded debt (see below), $5,414,000;
interest on funded debt accrued, $123,450.; sinking fund accrued, $39,302.23; funds in
sinking fund unapplied, $353.94; Midland Terminal Ry. Co., $141,881.46; J. P. Cobb,
Treas., $38,706.91; bills payable, $60,000; current liabilities, $7,916.67; profit and loss,.
$36,173.51— total, $10,861,784.72. Contra: Cost of property, $10,572,582.09; general
mortgage bonds, owned, $100,000; Colorado Trading and Transfer Co., $114,770.04; La
Bella Mill, Water and Power Co., $57,113.36; Florence and Cripple Creek RR. Co.,
$8,506.96; Continental Trust Co., $353.94; accrued interest on bonds owned, $8,125;
taxes, $333.33— total, $10,861,784.72.
6. Funded Debt. — The funded debt outstanding on Nov. 30, 1902, consisted of $4,923,000
($5,500,000 auth.) gen. gold sinking fund 5s of Dec. 1, 1929, and $491,000 ($1,000,000 auth.) M.
T. Ry. 1st gold sinking fund 6s of Dec. 1, 1925. The remainder of the Midland Terminal Ry. bonds
($509,000) have been cancelled out of earnings and sinking fund. The Midland Terminal Ry. bonds
POOR S MANUAL OF RAILROADS.
485
are secured by a 1st mtge. on the line from Divide to Cripple Creek, 29.4 miles. The gen. mtge.
bonds are secured on the entire line subject only to the lien of the Midland Terminal Ry. bonds. A
sufficient amount of gen. mtge. bonds are deposited with the trustee to retire the outstanding Mid-
land Terminal Ry. bonds. The bonds and stocks of the consolidated companies are deposited with
the trustee, the Continental Trust Co., as security for the gen. mtge. bonds (see statement below).
The deed securing gen. mtge. bonds provides for the payment to the trustee of $95,000 per annum,
payable semi-annually. This money is to be invested by the trustee in Denver and Southwestern
bonds at a price not above 110 and interest, such bonds to remain uncancelled in the sinking fund :
or in case bonds are not at the price of 110 and interest, then in bonds of the United States or of
the State of New York or Massachusetts. The interest accruing on the bonds thus purchased Is
to be added to the semi-annual payment into the sinking fund and invested in turn in like manner.
Since the formation of the company there has been purchased out of the proceeds of the sinking
fund $284,000 Denver and Southwestern gen. mtge. bonds and $86,000 Midland Terminal Ry. 1st
mtge. bonds. In addition thereto, the Board of Directors purchased, out of surplus earnings, $100.-
000 of its gen. mtge. bonds, which are held as an asset, as shown by the balance sheet.
7. Sinking Fund Account, Nov. 30, 1902. — Amount applied out of earnings for purchase
of bonds, $365,137.88 ; accrued interest, $18,428.18 — total, $383,566.06. Deduct cost of $284,000
D. & S. W. Ry. Co.'s 5 p. c. bonds, $263,490.87 ; cost of $86,000 M. T. Ry. Co.'s 5 p. C. bonds, $80,-
137 90 — total, $343,628.77. Balance due to Trustee, $39,583.35 ; unapplied, per balance sheet,
.$353.94 — total, $39,937.29.
8. Statement of stocks and bonds pledged to Continental Trust Co., of New York,
as security for funded debt, Nov. 30, 1902:
BONDS.
Florence & Cripple Creek RR. Co. 1st 6s.$l,000,000
Golden Circle RR. Co. 1st 6s 176,000
Canon City & Cripple Ck. RR. Cto. 1st 6s. 175,000
La Bella Mill, Water & Power Co. 1st 6s. 260,000
United States Red. & Refg. Co. 1st 6s... 225,000
STOCKS.
10,000 Florence and Cripple Creek RR. Co.$l,000,000
1,760 Golden Circle RR. Co 175,000
1,750 Canon City and Cripple Ck.RR.Co. 175,000
10,000 Midland Terminal Ry. Co 1,000,000
2,500 La Bella Mill, Wat. & Pow. Co. . 250,000
2,000 Colorado Trading & Transfer Co. 200,000
Total Bonds $1,825,000
Total Stocks $2,800,000 Total Stocks and Bonds $4,625,000
9. Directors.— C. F. Ayer, M. Rollins, Boston, Mass.; A. Kessler, W. K. Gillett,
J. P. Cobb, G. Dunscomb, John W. Herbert, New York, N. Y.; K. K. McLaren, Jersey
City, N. J.; E. W. Rollins, Denver, Col.; A. Jarvis, Toronto, Ont.; W. F. Day, New
Haven, Conn.
W. K. GILLETT, President New York, N. Y.
Vice-Pres. — M. Rollins Boston, Mass. | Sec. £ Treas.—J. P. Cobb New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 54 Wall St., New York, N. Y.
FORT WORTH AND DENVER CITY RAILWAY COMPANY.
1. Line of Road.— Fort Worth, Tex., to Texas State Line 453.57 miles.
Sidings, etc., 49.24 miles. Gauge, 4 ft. Sy2 in. Rail (steel), 52, 56, 58, 60 and 65 Ibs.
This road connects at the State Line with the Colorado and Southern Ry. and with
that line forms the Texas Pan-Handle Route, between Denver, Col., and Fort Worth,
Tex., 803 miles.
2. History. — Chartered May 26, 1873; road opened throughout March 26, 1888.
The finances of the company were reorganized in 1896 under the plan outlined in the
MANUAL for 1896, page 969.
3. Rolling Stock1, June 30, 1902.— Locomotives, 37. Cars— passenger, 11; com-
bination, 5; baggage, 5; cafg, 3; business, 2; freight (box, 399; stock, 172; flat, 58;
coal, 373; refrigerator, 1), 1,003; caboose, 27; service, 17— total, 1,073.
4. Operations, 6 months ending June 30, 1902. — Train mileage — passenger, 207,778;
freight, 413,970 — total revenue mileage, 621,748; passengers carried, 104,098; carried
one mile, 11,148,174; average mile rate, 2.36 cents. Tons freight moved, 416,776; moved
one mile, 88,429,922 ; average ton-mile rate, 0.089 cent. .
EARNINGS.
6 months ending June 30.
1901 1902
Passenger $226,337 41 $263,608 20
Freight 708,464 61 762,796 27
Mail, Express A Miscellaneous ... 86,02799 93,15148
Totals $1,020,830 01 $1,119,555 95
Averages per Mile 2.25384 2.47126
6 months ending June 30.
EXPENSES. 1901 1902
Maint. of Way A Structures $218,555 00 $215,262 13
Maintenance of Equipment 104,456 37 170,849 68
Conducting Transportation 403,753 14 408,015 30
General Expenses 30,018 64 33,869 63
Totals. . . . $756,783 15 $827.996 74
Averages per Mile 1.67049 1,82784
486
POOR S MANUAL, OF RAILROADS SOUTHWESTERN GROUP.
Net earnings, 1902 (26.04 p. c.), $291,559.21; other income, $7,821.88— total, $299,-
381.09. Charges: Interest on bonds, $246,725.01; taxes, $21,000; rentals, $5,000 — total,
$272,725.01. Surplus, $26,656.08; surplus forward, $369,757.50 — total, $396,413.58.
Paid to Morton Trust Co., trustee for stamped stock, under agreement of Oct. 12, 1895,
$39,980.71, surplus of 1901. Net surplus June 30, 1902, $356,432.87.
To conform to the requirements of the Interstate Commerce Commission and the
Texas Railroad Commission the fiscal year of this company has been changed to end
on June 30. This interim report is, therefore, for the six months ending June 30, 1902,
and the next annual report will be issued for the twelve months ending June 30, 1903.
5. General Balance Sheet, June 30, 1902.
Cost of Roadbed and Equipment 117,267,039 61
New Equipment
Trustee First Mortgage (spec. fund).
Real Estate Owned
Stocks and Bonds Owned
Cash and Current Assets
Materials and Supplies
80,298 75
17,701 25
21,830 80
324,334 08
378,444 98
134,904 94
Total Assets $18,224,55441
Capital Stock ($100 shares) $9,375,00000
Funded Debt (see below) 8,176,00000
Equipment Fund
Interest Accrued, not Due.
Taxes Accrued
Current Liabilities
Profit and Loss
76,071 31
40,880 00
19,367 66
180,802 61
356,432 87
Total Liabilities $18,224,554 41
6. Capital Stock. — The capital stock is all in common shares, with equal rights to divi-
dends and with equal voting powers ; but on $2,539,992 of it an equal amount of funded interest
has been stamped in accordance with the financial agreement with the bondholders in 1896
(see Sec. 7). This funded interest is secured by the deposit of the overdue coupons with the
Morton Trust Co.
7. Funded Debt — The funded debt consists of $8,176,000 1st gold 6s of Dec. 1. 1921 ;
also $2,539,992 of funded interest stamped on the same amount of common stock (see Sec. 6).
This latter amount is entitled to receive all surplus earned by the company for each year up to
4 p. c., but is not entitled to any interest if it is not earned. In the reorganization of the com-
pany's finances in 1895, five coupons on each bond, which were in default, were funded ; also
2 p. c. of the interest due from Dec. 1, 1895, to Dec. 1, 1900, during which time interest was
paid at the rate of 4 p. c. per annum. Beginning Dec. 1, 1900, interest at the rate of 6 p. c. per
annum was resumed.
The item "Stocks and Bonds Owned" in the balance sheet as of June 30,. 1902, consists of : 312
shares stamped stock, $31,200 ; 1,000 shares F. W. & D. C. stock, $100,000 ; 200 F. W. & D. Ter-
minal Ry. bonds, $190,000 ; 2,000 shares F. W. & D. T. Ry. Co. stock, $3,134.08 — total, $324,334.08.
8. Directors (elected March 8, 1903).— G. M. Dodge, New York, N. Y.; H. Walters,
Baltimore, Md. ; Frank Trumbull, Denver, Col. ; Morgan Jones, Chicago, 111. ; D. B. Keeler,
S. M. Hudson, W. R. Scott, K. M. Van Zandt, M. A. Spoonts, Fort Worth, Tex.
FRANK TRUMBULL, President Denver, Col.
D. B. Keeler, Vice-President and Traffic Manager Fort Worth, Tex.
Sec. & Treas. — Geo. Strong Fort Worth, Tex. | Auditor — S. M. Hudson Fort Worth, Tex.
Asst. Sec. — Harry Bronner 74 Broadway, New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Fort Worth, Tex.
GALVESTON, HOUSTON AND HENDERSON RAILROAD COMPANY.
1. Line of Road.— Galveston, Tex., to Houston, Tex 50 miles.
Sidings, etc., 32.15 miles. Gauge, 4 ft. 8% in. Rail (steel, 50 m.), 65 and 66 Ibs.
%• History. — Reorganization, Dec. 1, 1882, of a company of the same name, fore-
closed Aug. 1, 1882. (See MANUAL for 1898, page 195.) Under a contract to endure
for 40 years from Jan. 1, 1896, the Missouri, Kansas and Texas Ry. Co. and the In-
ternational and Great Northern RR. Co. have joint trackage rights over the road. This
coatract provides for a fixed annual rental of $62,000 from each of those companies,
or a total of $124,000. Of this amount, $100,000 is to be paid to the Mercantile Trust
Co., trustee under the G., H. & H. mortgage, in two semi-annual installments of $50,000
each, to meet the yearly interest on the 5 p. c. bonds issued under that mortgage.
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 11. Cars — passenger, 7; baggage,
mail, and express, 4; freight (box, 2; flat, 15; coal, 1; tank, 2), 20; service, 11 —
total cars, 42.
POOR S MANUAL OF RAILROADS.
487
4. General Income Account, year ending December 31, 1902.
Earnings — Passenger $67,997 50
Freight 154,669 55
Mail and Express 12,60576
Miscellaneous 140,550 57
Expenses -Maint. of Way and Struc $24,641 39
Maintenance of Equipment.. 24,969 50
Conducting Transportation. . . 135,518 40
General Expenses 8,479 22
Total ($7,516.47 per mile) $375,82338 Total ($3,872.17 per mile) $193,60851
Net earnings (48.48 p. c.), $182,214.87; other receipts, $3,568.70— total, $185,783.57.
Payments: Interest on funded debt, $100,000; taxes, $3,585.20; other charges, $63,732.54
—total, $167,317.74. Surplus, $18,465.83; surplus forward, $196,173.63— total, $214,-
639.46.
5. General Balance Sheet, December 31, 1902.
Cost of Road and Equipment $3,000,000 00
New Fuel Oil Tanks 15,13107
Materials and Supplies 26,58971
Current Accounts and Balances 140,142 27
Cash on Hand 133,33841
Total Assets $3,315,20146
Capital Stock Paid in ($100 shares)... $1,000,000 00
Funded Debt Outstanding 2,000,000 00
Current Liabilities 73,93700
Interest Accrued, not Payable 26,625 00
Profit and Loss 214,639 46
Total Liabilities $3,315,20146
6. Funded Debt consists of let 5s of April 1, 1913, int. A. & O., at the office of the trustee,
the Mercantile Trust Co., New York, N. Y. Interest is provided for by the traffic contract referred to
in "History."
7. Statement of operations, earnings, etc., for seven years ending Dec. 31:
R.R. Operated, 50 Miles.
1896
1897
1898
1899
1900
1901
1902
103,452
18,976
95,245
2,920,321
243,096
11,574,305
$
54,789
124,048
139,148
67,556
32,800
78,183
2,446,505
155,848
7,172,006
$
43,240
128,602
140,762
57,166
48,650
49,808
1,369,239
226,068
10,849,065
$
37,819
199,010
143,770
57,518
50,476
52,553
1.565,176
262,874
12,624,372
$
43,516
223,230
150,367
57,860
26,351
71,923
2,426,163
118,890
5,506,457
S
66,316
118,476
147,948
59,544
31,305
87,834
2,574,872
151,202
7,220,387
$
70,487
160,878
153,804
63,544
23,344
131.613
3,958.285
140,977
6,721,397
$
67,998
154,669
153,156
Freight Train Miles
Passenger Mileage
Freight (ton) Miles
Gross Earnings
317.985
166,411
312,604
149,574
380,599
204,288
417,113
239,485
332,740
177,192
385,169
213,497
375,823
193,609
151,574
6,359 69
3,328 22
3,031 47
52.33 p.c.
1.88 c.
1.07 c.
163,030
6,252 09
2,991 49
3,260 60
47.85 p.c.
1.79 c.
1.77 c.
176,311
7.611 99
4,085 77
3,526 22
53.67 p.c.
2.76 e.
1.84 c.
177,628
8,342 27
4,789 71
3,552 56
57.41 p.c.
2.74 c.
1.76 c.
155,548
6,654 79
3,543 84
3,110 95
53.26 p.c.
2.73 c.
2.15c.
171,672
7,703 37
4,269 93
3,433 44
55.43 p.c.
2.74 c.
2.33 c.
182,214
7,516 47
3,872 17
3,644 30
51.52 p.c.
1.72 c.
2.31 c.
Aver. Rate per Ton per Mile
8. Directors (elected April 7, 1903).— F. P. Olcott, H. C. Rouse, George J. Gould,
New York, N. Y.; Jas. A. Baker, Houston, Tex.; R. B. Baer, J. H. Hawley, Galveston,
Tex.; N. A. Stedman, Palestine, Tex.
F. P. OLCOTT, President New York, N. Y.
J. H. Hawley, V ice-President Galveston, Tex.
Sec. & Treas.— A. A. Van Alstyne..Galveston, Tex.
Asst. Sec. & Asst. Treas. — H. B. Henson,
Manager — J. H. Hill Galveston, Tex.
Auditor — John E. O'Neill
New York, N. Y.
PRINCIPAL OFFICE AND ADDBESS 7 Galveston, Tex.
INTERNATIONAL AND GREAT NORTHERN RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 11
Earnings, Expenses, etc 6
Earnings, etc., 1896-1902 9
Equipment, Schedule of 4
Equipment Trust Obligat'ns. 8
Funded Debt Details 6
General Balance Sheet 7
Gen. Bal. Sheet, 1896-1902.... 9
History 2
Income Acct., Dec. 30,1902... 6
Mileage Operated 1
Operations and Inc., 1896-1902. 9
Proprietary Roads' State'ts . . 10
Rolling Stock 4
Trackage Contracts 3
488 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
1. Mileage Operated, Dec. 31, 1902. — A. LINES OWNED (total, 930.70 miles).
Main Line: Longview, Tex., to Laredo, Tex 493.90 miles.
Houston Division: Palestine, Tex., to Houston, Tex 150.70 "
Fort Worth Division : Spring to Cotton Belt Conn, at East Waco, Tex 178.80 "
Mincola Branch: Troupe to Mineola, Tex 44.40 "
Columbia Branch: Houston to Columbia, Tex 50.00 "
Calvert Branch: Valley to Calvert, Tex 5.30 "
Huntsville Branch: Phelps to Huntsville, Tex 7.00 "
Austin Spur: Austin, Tex 0.60 "
B. PROPRIETARY RAILROADS (total, 25.70 miles).
Georgetown RR. : Georgetown to Round Rock, Tex 9.70 "
Henderson and Overton RR.: Henderson to Overton, Tex 16.00 "
O. TRACKAGE RIGHTS (total, 50.30 miles).
Galveston, Houston & Henderson RR.: Houston to Galveston, Tex 49.30 "
8t. L. S. W. Ry. of Texas : Waco terminals 1.00 "
Total length of road operated, Dec. 31, 1902 1,006.70 miles.
Average mileage operated during year 980.70 "
Sidings, etc., 160.2 miles. Gauge, 4 ft. 9 in. Rail (steel, 1,006.70 m.), 52 to 75 Ibs.
2. History.— Consolidation, Sept. 23, 1873, of the International RR. Co. and the
Houston and Great Northern RR. Co.; reorganized, without foreclosure, in 1892 (see
MANUAL for 1888, page 770, and MANUAL for 1892, page 746). The Calvert, Waco
and Brazos Valley RR., extending from Marlin to Bryan, Tex., 60.62 miles, was pur-
chased as of May 1, 1901, and an extension of it from Marlin to Waco, Tex., 40.23 miles,
was opened on Nov. 1, 1901. The extension south, from Bryan to Spring, 78.3 miles,
was opened May 1, 1902. An extension from Waco to Fort Worth, 95 miles, was com-
pleted about May 1, 1903.
3. Trackage Contracts.— Under a contract to endure for 40 years, from Jan. 1, 1896,
this company, jointly with the Missouri, Kansas and Texas Ry. Co., has trackage rights
over the Galveston, Houston and Henderson RR. under the terms given in the statement
for that road on page 486. Under a contract effective Nov. 1, 1901, and terminable only by
the consent of both parties, this company has joint and equal use of the freight and pas-
senger terminals of the St. Louis Southwestern RR. at Waco, paying a proportion of the
expenses besides a rental of 2 per cent, per annum on the value of the terminals.
4. Rolling Stock, Dec. 31, 1902. — Locomotives, 119. Cars — passenger, 60; baggage,
mail, and express, 33; freight (box, 2,496; flat, 386; stock, 10; coal, 847; tank, 114),
3,853; service, 248 — total, 4,194. Of this equipment, 15 locomotives, 450 box, 300 flat,
100 tank and 100 coal cars are held under trust.
5. General Income Account, year ending December 31, 1902.
Earnings —Passenger $1,093,106 43 | Expenses— Maint. of Way and Struc. . $887,916 80
Maintenance of Equipment.. 627,126 05
Freight 3,643,559 53
Mail and Express 284,25591
Miscellaneous 227,99124
Total ( $6,352.21 per mile) $5,248,913 11
Conducting Transportation.. 2,167,061 84
General Expenses 192,821 26
Total ($3,049.85 per mile) $3,864,92494
Net earnings (24.75 p. c.), $1,383,988.17; other receipts, $10,092.23— total, $1,394,-
080.40. Payments: Interest on -funded debt (1st mortgage, $477,240; 2d mortgage,
$352,700; 3d mortgage, $108,500; Colorado Bridge, $13,860; new construction, $175,-
518.92), $1,127,818.92; interest on debt, $15,069.03; taxes, $130,094.05; new equipment
and property, $106,587.02 — total, $1,379,569.02. Surplus, $14,511.38; surplus forward,
$1,192,372.32— total. $1,206,883.70.
O. Funded Debt. — The funded debt on Dec. 31, 1902 — total, $23,134,052.50, as per general
balance sheet— consisted of the following : (1) $10,435,000 1st gold 6s of Nov. 1, 1919 ; (2) $9,535,-
000 2d gold 5s of Sept. 1, 1909; (3) $2,966,052.50 (including $245,000 held In the company's
treasury) 3d gold 4s of Sept. 1, 1921, and (4) $198,000 Colorado Bridge 1st gold 7s of May 1, 1920.
Originally the rate of interest on the 2d mtge. bonds was 6 p. c. per annum, but it was reduced in
1890 to the rate of 4i p. c. per annum for the six years ending Sept. 1, 1897, and 5 p. c. per annum
thereafter unless default is made, when the original rate is to be restored. The $2,721,052.50 of
POOR S MANUAL — INTERNATIONAL AND GREAT NORTHERN RR. CO. 489
3d mtge. bonds outstanding include .fractional scrip amounting to $8,052.50. Between Dec. 31,
1902, and March 1, 1903, $307,000 additional 1st mtge. bonds and an equal amount of additional 2d
mtge. bonds were issued to cover the cost of new mileage constructed. (Additional particulars re-
specting the funded debt will be found in the Ready Reference Bond List — see General Index.)
7. General Balance Sheet, December 31, 1902.
Cost of Road and Equipment $36,642,189 75
Stocks and Bonds Owned 263,221 72
Colo. Bridge Quar. and Sink. Fund.. 16,149 08
Materials and Supplies 452,433 87
Cash on Hand 2,014 65
Current Accounts and Balances 662,10131
Due for Replaced Equipment 547,87100
Unearned Int. Equip. Trusts 77,98320
Other Assets 288,247 80
Total Assets $38,952,21238
Cap. Stk. ( $25,000,000 au., $100 shares). .$9,755,000 00
Funded Debt (see Sec. 6) 23,134,05250
Construction Obligations (unfunded).. 2,311,750 16
Equipment Trust Obligations 625,85420
Unadjusted Premium on Bonds 379,246 60
Current Liabilities 1,237,67522
Interest Accrued, not Due 301,750 00
Profit and Loss 1,206,88370
Total Liabilities $38,952,21238
8. Equipment Trust Obligations. — The equipment trust obligations represent the cost
of 15 locomotives, 450 box and 100 coal cars built in 1898 and 1900, and 300 flat and 100 tank cars
built in 1902, including interest on same for the average period for which the notes run. The notes
mature monthly to and Including the year 1908.
9. Statement of operations, income and capital accounts, for seven years ending
Dec. 31:
1896
1897
1898
1899
1900
1901
1902
Miles of RoadOperated
Passenger Train Miles.
Freight Train Miles. . .
Passengers Carried. . .
Passenger Mileage. . ..
Freight (tons) Moved .
Freight (ton) Miles.. . .
Passenger Earnings. . .
825.40
1,066,610
1,588,437
522,584
30,598,183
1,008,852
204,702,059
$
741,788
2,549,646
236,743
825.40
1,015,145
1,632,150
504,842
29,488,849
1,114,417
234,431,262
S
698,811
2,724,638
233,887
825.40
1,068,577
1,490,188
581,083
35,177,675
1,220,982
241,655,502
$
812,131
2,917,527
261,197
825.40
1,093,689
1,486,062
609,058
38,798,898
1,268,221
246,088,115
$
905,816
2,938,185
333,807
825.40
1,208,466
1,472,616
736,177
42,555,017
1,414,021
272,958,019
8
962,332
3,124,722
351,522
872.20
1,320,840
1,515,644
885,233
46,395,519
1,599,821
301,370,106
$
1,094,742
3,644,403
408,947
980.70
1,445,920
1,574,341
909,337
48,290,050
1,679,318
317,468,483
$
1,093,106
3,643,560
512,247
Gross Earnings
3,528,177
2,697,482
3,657,336
2,675,507
3,990,855
2,789,500
4,177,808
2,973,001
4,438,576
3,232,225
5,148,092
3,820,654
5,248,913
3,864,925
1,383,988
10,092
Operating Expenses.. .
830,696
7,349
981,829
6,215
1,201,355
1,868
1,204,807
4,976
1,206,351
8,157
1,327,438
11,956
Other Receipts
Net Income
838,045
794,670
134,552
—91,177
4,274 50
3,268 00
1,006 41
76,45 p. c.
2.42 c.
1.25c.
$
9,755,000
18,105,629
988,044
856,380
166,773
—35,109
4,430 99
3,241 47
1,189 52
73.15 p. c.
2.37 c.
1.16c.
S
9,755,000
18,178,887
177,540
1,014,755
956,092
1,203,223
952,227
204,473
+46,523
4,835 05
3,379 57
1,455 48
69.90 p. c.
2.27 c.
1.21 c.
S
9,755,000
18,179,548
409,166
1,172,822
1,002,613
1,209,783
952,368
222,794
+34,621
5,061 55
3,601 89
1,459 66
71. 16 p.c.
2.34 c.
1.19c.
$
9,755,000
18,179,548
239,727
993,787
1,037,235
1,214,508
952,415
225,100
+36,993
5,377 48
3,915 95
1,461 53
72.82 p. c.
2.26 c.
1.14c.
$
9,755,000
18,179,052
454,872
1,174,121
1,074,228
1,339,394
1,011,742
209,508
+118,144
5,902 42
4,380 48
1,521 94
74.22 p. c.
2.31 c.
1.2lc.
S
9,755,000
20,366,052
357,590
2,914,838
1,192,372
1,394,080
1,127,819
251,750
+14.511
5,352 21
3,949 85
1,402 36
75.25 p. c.
2.22e.
1.15c.
$
9,755,000
23,134,053
625,854
4,230,421
1,206,884
Int. on Funded Debt. .
Balance (+ or — )
Gross Earn, per Mile . .
Gross Exp. per Mile. . .
Net Earnings per Mile.
Expenses to Earnings.
Av.Rate p. Pass. p. Mile
Av.Rate p. Ton p. Mile
Capital Stock
Funded Debt
Equip Trust Obliga. . .
Current Liabilities. . . .
954,569
991,200
Total Liabilities. . . .
Road and Equipment.
Stocks and Bonds
Materials and Supplies
Cash & Current Assets
Total Assets
29,806,398
28,669,149
308,997
153,448
674,804
30,082,274
28,909,149
299,362
148,973
724,790
30,519,149
28,909,149
299,362
204,800
1,105,838
30,205,297
28,909,149
290,862
215,330
789,956
30,637,273
28,904,149
289,322
159,992
1,283,810
34,585,853
32,934,031
289,322
275,981
1,086,519
38,952,212
36,642,190
263,222
452,434
1,594,366
29,806,398
30,082,274
30,519,149
30,205,297
30,637,273
34,585,853
38,952,212
1O. PROPRIETARY RAILROADS OF THE INTERNATIONAL AND GREAT NORTHERN RR. Co.
GEORGETOWN RR Georgetown to Round
Rock, Tex., 10 m. ; total track, 11 miles. Char-
tered May 31, 1878; opened Dec. 11, 1878. Sold
under foreclosure Aug. 6, 1879. Owned by the I.
& G. N. RR. Co.
HENDERSON AND OVEUTON RR Hen-
derson to Overton, Tex., 16 m. ; total track, 16.6
miles. Chartered April 6, 1874; opened May 8,
1877. Owned by the I. & G. N. RR. Co.
490
POOKAS MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Gco. J. Gould. . Lakewood, N. J.
Edwin Gpuld...Irvington, N. Y.
Howard Gould.. Tarrytown.N.Y.
Ira H. Evans Austin, Tex.
N. A. Stedman... Palestine, Tex.
W. L. Maury "
11. Board of Directors, I. A O. N. RR. Co., elected April 6, 1903.
F. J. Gould.... New York, N. Y.
Leroy Trice Palestine, Tex.
A. R. Howard....
GEORGE J. GOULD, President New York, N. Y.
Frank Jay Gould, 1st V 'ice-President
Leroy T'rice, 2d Vice-Pres. & Gen. Manager Palestine, Tex.
Sec. & Treas.— A. R. Howard Palestine, Tex. | Auditor— W. L. Maury Palestine, Tex
Asst. Sec & Asst. Treas. — H. B. Henson., New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS . . Palestine, Tex.
KANSAS CITY, CLINTON AND SPRINGFIELD RY. CO.
1. Main Line Of Road. — Olathe, Kan., to Ash Grove, Mo. 154.22m.
Pleasant Hill Branch: Raymore June, to Pleasant Hill, Mo.... 8.41m.
Springfield Division: Arcadia, Kan., to Springfield, Mo 85.00 in. — 247.63 miles.
Sidings, 31.37 miles. Gauge, 4 ft. 8% in. Rail (steel, 261.52 m.), 52 and 56 Ibs.
2. History.— Consolidation, Feb. 12, 1885, of the K. C., C. & S. and the Pleasant
Hill and De Soto RR. Cos. Road opened Nov. 1, 1885. In Sept., 1901, the company
purchased of the Kansas City, Fort Scott and Memphis Ry. Co. a line extending from
Springfield, Mo., to Arcadia, Kan., about 85 miles (see GENERAL INDEX for K. C., F.
S. & M. Ry. Co.).
3. Rolling Stock, June 30, 1901. — Locomotives, 12. Cars — passenger, 6; baggage,
mail, and express, 3; freight (box, 86; coal, 127), 213— total, 222.
4. Operations, year ending June 30, 1902. — Train mileage — passenger, 119,190;
freight, 120,581; other, 343 — total, 240,114 miles. Passengers carried, 132,065; carried
one mile, 3,523,611; average mile rate, 2.24 cents. Tons freight moved, 197,259; moved
one mile, 13,573,386; average ton-mile rate, 1.44 cents.
Earnings— Passenger 179,066 75
Freight 196,724 75
Mail and Express 21,647 64
Miscellaneous 9,93443
Expenses— Maint. of Way and Struc $72,235 89
Maintenance of Equipment... 20,961 64
Conducting Transportation... 86,15839
General Expenses 11,80664
Total ($1,241.22 per mile) $307,373 67 Total ($771.97 per mile) $191,162 56
Net earnings (37.81 p. c.), $116,211.01; other receipts, $41,237.09— total, $157,-
448.10. Payments: Interest on funded debt, $273,660; taxes, $30,480.42— total, $304,-
140.42. Deficit, $146,692.32; deficit forward, $746,246.50— total, $892,938.82.
5. Capital stock, bonded debt, gross and net revenue, etc., for seven fiscal years:
Yews.
1896.
1897.
1898.
1899.
1900.
1901.
1902.
Capital Bonded CostRR. 4
Stock. Debt. Investments.
$ $ $
1,775,400 3,250,000 5,043,321
1,775,400 3,250,000 5.043,321
1,775,400 3,250,000 5,043,321
1,775,400 3,250,000 5,040,971
1,775,400 3,250,000 5,040,971
1,775,400 3,250,000 5,035,071
1,775,400 5,250,000 7,035,071
RR.Op- Gross Net Net Taxes
erated. Earnings. Earnings. Income. Paid.
Miles. $ $ $ $
162.63 403,916 185,078 185,242 19,368
162.63 330,045 125,097 125,208 20,414
162.63 339,447 139,442 139,798 21,320
162.63 284,278 81,085 82,965 15,986
162.63 301,516 88,326 88,987 17,902
162.63 351,584 135,407 136,351 17,825
247.63 307,374 116,211 157,448 30,480
Interest Total Balance,
Paid. Pavm'ts. (-for—).
$ $ $
163,660 183,028 + 2,214
163,660 184,074 —58,867
163,660 184,980 -45,182
163,660 179,646 -96,681
163,600 181,562 —92,576
163,660 181,485 —45.134
273,660 304,140 —146,692
6. General Balance Sheet, June 30, 1902.
Cost of Road .......................... $6,798,57637
Cost of Equipment ..................... 236,49442
Materials and Fuel on Hand
11,711 15
Cash and Current Assets .............. 73,685 69
Profit and Loss ......................... 892,93882
Capital Stock ($100 shares) $1,775,40000
Funded Debt Outstanding 5,250,00000
Accrued Interest 40,91500
Current Accounts 947,091 45
Total Assets $8,013,40646 Total Liabilities $8,013,40645
7. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of (1)
$3,192,000 1st gold 5s of Oct. 1, 1925; (2) $58,000 P. H. & De S. RR. 1st gold 7s of Oct. 1,
1907, and (3) $2,000,000 K. C., F. S. & M. RR. Co. consol. gold 6s of May 1, 1928, assumed
by this company in the purchase of the Springfield Division. The bonds are guaranteed, both
as to principal and interest, by the Kansas City, Fort Scott and Memphis Ry. Co. The 1st mtge.
POOR'S MANUAL OF RAILROADS.
491
bonds are secured on the entire property of the company (exclusive of the line from Springfield
to Arcadia, purchased from the K. C., F. S. & M. Ry. Co.), subject to the lien of the $58,000
P. H. & De Soto RR. bonds on the line from Pleasant Hill, Mo., to Cedar June., Kan., 44.96 miles.
The line from Springfield to Arcadia is covered as a first lien by one of the divisional mortgages of
the Kansas City, Fort Scott and Memphis Ry. Co., the bonds secured by which are to mature
Sept. 1, 1910, and is also covered by the K. C., F. S. & M. RR. Co.'s consul, mtge. bonds,
$2,000,000 of which have been assumed by this company.
8. Directors (elected March 11, 1903).— H. S. Priest, Wilbur F. Boyle, Geo. W.
Easley, St. Louis, Mo.; Wallace Pratt, I. P. Dana, Kansas City, Mo.; Grant Hornaday,
Fort Scott, Kan.; G. D. Milligan, Charles A. McCann, E. M. Smith, Springfield, Mo.
H. S. PBIEST, President St. Louis, Mo.
Supt., Frt. & Pass. Agt. — E. J. Perry, | Sec., Trees. & Aud. — E. M. Smith.. Springfield, Mo.
Springfield, Mo. ,
PRINCIPAL OFFICE AND ADDBESS Springfield, Mo.
KANSAS CITY SOUTHERN RAILWAY COMPANY (THE).
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Bonds and Stocks Pledged. ... 9
Capital Stock 6
Controlled Prop. Acquired. . 2a
Directors and Officers 11
Dividend Rights 6
Earnings, Expenses, etc. ..4, 4a
Earnings, etc.. 1900-1902 10
Funded Debt 9
Gen. Bal. Sheet, June 30, 1902. 6
History 2
Income Acct., June 30, 1902... 4
Mileage Oper'd, June 30, 1902.. 1
Operations and Inc., 1900-02. 10
Rolling Stock 3
Securities Owned 8
Securities Pledged 9
Voting Trust 7
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 822.36 miles).
Main Line:
( Grand View, Mo., to Port Arthur, Tex 765.35 miles.
'•' I Kansas City to Belt Junction, Mo 11.97 "
Fort Smith Branch: Spiro, Ind. T., to Fort Smith, Ark 16.15 "
White Cliffs Branch: Wilton, Ark., to White Cliffs, Ark 6.31 "
Lake Charles Branch : De Quincey to Lake Charles, La 22.58 "
B. TRACKAGE RIGHTS:
8t. Louis d San Francisco RR.: Belt Junction to Grand View, Mo 11.03 "
Total length of lines operated June 30, 1902 833.39 miles.
2d track, 5.57 miles; sidings, etc., 221.16 miles. Gauge, 4 ft. 8% in. Rail (steel),
CO, 75 and 85 Ibs.
2. History. — Incorporated March 19, 1900, under the laws of Missouri, as suc-
cessor to the Kansas City, Pittsburg and Gulf RR. Co., whose property was sold under
foreclosure on March 19, 1900 (see MANUAL for 1899, page 555, and MANUAL for 1900,
page 658). The company took possession of the property on April 1, 1900. The lines
in Texas are owned and operated by the Texarkana and Fort Smith Ry. Co., all of
whose securities are owned by this company. For convenience the statistics of the
Texarkana and Fort Smith Ry. Co. are incorporated in this statement.
2a. Acquisition of Controlled Properties.— In the reorganization the company
acquired nearly all of the stock and bonds of the Kansas City Suburban Belt RR. Co.
and its controlled companies (Kansas City and Independence Air Line Co. and Union
Terminal RR. Co.), and of the Port Arthur Channel and Dock Co., the owner of a
ship canal from Port Arthur to Deep Water, with docks and terminal facilities. The
mortgages on these controlled properties were foreclosed on Dec. 31, 1902. The Kansas
City terminals were acquired by deed by the Kansas City Southern Ry. Co. on Jan. 4, 1902.
The Port Arthur Channel and Dock Co.'s property has been acquired by a purchasing com-
mittee, and a company under the title of Port Arthur Canal and Dock Co. has been organ-
ized under the laws of Texas and will be vested with the ownership of the property.
3. Rolling Stock, June 30, 1902.— Locomotives, 131. Cars— passenger, 38; com-
bination, 6; excursion, 5; baggage, mail, and express, 19; freight (box, 3,084; flat, 715;
stock, 327; coal, 1,649; furniture, 220), 5,995; service, 638— total, 6,701.
492
POOR'S MANUAL OP RAILROADS — SOUTHWESTERN GROUP.
4. General Income Account, year ending June 30, 1902.
i — Maint. of Way and Struc... $699,222 66
Maintenance of Equipment. 766,095 56
Conducting Transportation.. 1,915,595 16
General Expenses 235,212 41
K»rninfffl— Passenger 1752,51655
Freight 4,462,254 Oo
Mail and Express 187,02134
Miscellaneous 49,07870
Total ($6,640.59 per mile) $5,450,87064 Total ($4,339.05 per mile) $3,616,12579
Net earnings (33.66 p. c.), $1,834,744.85; other receipts, $115,375.93— total, $1,950,-
120.78. Deductions: Interest on bonds, $821,263.31; taxes, $128,850; expenses Kansas
City Terminals, $76,661.79; discount, interest and exchange, $7,010.99— total, $1,033,-
786.09. Surplus, $916,334.69; surplus forward ($420,978.13; less adjustments during
year $4,387.11), $422,591.02— total, $1,338,925.71.
4a. Earnings and Expenses, Supplementary Statement, 11 months end-
ing May 31, 1903, and comparison with 11 months ending May 31, 1902. — Gross earnings —
1903, $5,828,508.42; 1902, $5,268,292.69; increase, $560,215.73. Operating expenses and
taxes— 1903, $4,276,480.31; 1902, $3,555,114.36; increase, $721,365.95. Net earnings—
1903, $1,552,028.11; 1902, $1,713,178.33; decrease, $161,150.22.
5. General Balance Sheet, June 30, 1902.
Cost of Railways, Equip., Secur., etc. $78,018,730 12
Construe., Impr. and Equip., April 1,
1900, to June 30, 1902 3,372,81486
Securities held for Redemption of
Reorganization Certif. of Deposit. 55,795 00
Securities Owned, Ledger Value.... 909,30520
Proprietary Companies 37,464 67
Reorganization Committee 20.287 94
Current Assets 665,30116
Cash 123,71547
Materials and Supplies 474,646 12
Total Assets $83,578,060 53
Preferred Stock ( $100 shares) $21,000,000 00
Common Stock ($100 shares) 30,000,00000
First Mtge. Bonds — Issued 29,999,50000
Accrued Interest on Bonds.
Taxes Accrued but Not Due
Unadjusted Accounts
Renewal and Replacement Funds... ,
Loans and Bills Payable
Current Liabilities
224,996 26
61,194 82
87,480 45
98,341 61
241,086 83
526,534 86
Profit and Loss 1,338,92571
Total Liabilities $83,578,060 63
6. Capital Stock. — Preferred stock is entitled to non-cumulative dividends to the extent of,
but limited to, 4 p. c. per annum out of the surplus net earnings in each fiscal year before any divi-
dends for such year shall be paid on the common stock.
7. Voting: Trust. — Both classes of stock (except such number of shares as to qualify direc-
tors) are vested for five years in the following seven voting trustees : John W. Gates, E. H. Harri-
man, Herman Sielcken, Geo. J. Gould, James Stillman, Louis Fitzgerald, Otto H. Kahn. The voting
trustees may in their discretion deliver the stock at an earlier date.
8. Securities Owned. — These consisted on June 30, 1902, of $619,189.20 preferred stock,
$1,456,175 common stock, and $783,940 first mtge. bonds of the K. C. S. Ry. Co., and $50,000 2d
mtge. 6s of the Arkansas Western RR. — total par value, $2,909,304.20.
9. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of $29,999,-
500 out of a total issue of $30,000,000 1st gold 3s of April 1, 1950. The mortgage securing these
bonds covers as a first lien the line of railroad of the Kansas City Southern Ry. Co. proper, from
Grandview, Mo., to Mena, Ark., and the Kansas City terminals, a total of 368.56 miles of main
line and 138.91 miles of branches, 2d track, sidings and terminal tracks. The rest of the system
is controlled through ownership of ail the securities, both stocks and bonds, of the constituent
companies (Texarkana and Fort Smith Ry. Co., Kansas City, Shreveport and Gulf Ry. Co.,
Kansas City, Shreveport and Gulf Terminal Ry. Co. and Port Arthur Canal and Dock Co.), and
these securities have been deposited as collateral to the bonds issued under this mortgage. Ad-
ditional particulars respecting the bonds will be found in the Ready Reference Bond List — see
General Index.
1O. Statement of operations, etc., for three years ending June 30:
1900
1901
1902
1900
1901
1902
Miles of Road Oper
833.39
833.39
833.39
Gross Earnings:
Passenger. .
S
493089
$
624235
S
752 517
Train Mileage— Pass .
834,001
1,062,412
1,063,745
Freight
3421908
3 924,530
4 462 254
Freight
1,948,348
1,886,530
2,002,788
Other.
203766
204,301
236,100
Mi-roH
10 K^A
11 856
29 298
A 118 7fi1
A 7VinfiA
5 450871
Total Rev. Mileage ..
2,795,889
2,960,798
3,095,831
Operating Expenses . . .
3,326,014
3,399,221
3,616,126
Passengers Carried
Passenger Mileage
Freight (tons) Moved. .
Freight (ton) Miles ....
Av. Earn. p. Pass. p. M. .
Av. Earn. p. Ton p.M...
479,993
20,402,416
1,834,136
558.332,601
2.416 c.
0.613 c.
620,845
26,292,363
1,848,028
571,483,288
2.374 c.
0.687 c.
893,735
30,362,073
2,038,843
593,113,856
2.478 c.
0.752 c.
Net Earnings
Gross Earnings p. Mile .
Oper. Exp. p. Mile
Net Earnings per Mile. .
Expenses to Earnings. . .
792,749
4,903 11
3,959 40
943 71
80.75 p.c.
1,353,845
5,703 29
4,078 79
1,624 50
71.52 p.c.
1,834,745
6,540 59
4,339 05
2,201 54
66.34 p.c.
POORS MANUAL OF RAILROADS.
493
11. Directors.— H. C. Pierce, J. S. Walsh, St. Louis, Mo.; John W. Gates, John
Lambert, J. J. Mitchell, Chicago, 111.; Edwin Gould, George J. Gould, Lawrence Greer,
E. H. Harriman, O. H. Kahn, Hermann Sielcken, H. P. Wertheim, New York, N. Y.;
S. R. Knott, Kansas City, Mo.
S. R. KNOTT, President Kansas City, Mo.
George J. Gould, V ice-President New York, N. Y.
Secretary. — Alex. Millar New York, N. Y. I Asst.Sec.d Aud. — H. B. Johnson.. Kansas City.Mo.
Comptroller — Wm. Mabl | Treasurer — F. V. S. Crosby New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.
MISSOURI, KANSAS AND TEXAS RAILWAY COMPANY.
(For map of this system, see page 495.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 16 History 2 Leases and Trackage Con-
Earnings, Exp., etc., 1902... 6 Inc. Account, June 30, 1902.. 6 tracts 4
Earnings, Exp., etc., 1896-1902. 14 Income Account, 1896-1902. .. 14 Mile, of System, July 1, 1902. 1
Funded Debt, Details of 10 Interest on Bonds 7 M., K. & T. Ry. Co. of Texas. 3
Gen. Bal. Sheet, June 30, 1902. 9 Land Department 13 Operations and Inc., 1896-1902. 14
Gen. Bal. Sheet, 1896-1902... 14 Leased Lines, Statements of . IS Rentals 8
Guaranteed Bonds 12 Rolling Stock 6
1. Mileage Operated, June 30, 1902. — A. LINES OWNED (total, 1,206.75 miles).
Main Line: Texas June., Mo., to Red River, Tex 629.07 miles.
Columbia Branch : McBaine to Columbia, Mo 8.53 "
Hannibal Division : Franklin Junction to Hannibal, Mo 104.50 "
Kansas City Division: Sedalia, Mo., to Paola, Kan 86.42 "
lola Branch : Moran to lola, Kan 15.20 "
Eldorado Springs Branch: Walker to Eldorado, Mo 14.25 "
Kansas City and Pacific Division: Paola, Kan., to Stevens, Ind. T 130.06 "
Parsons Division (or Neosho Section) : Junction City to Parsons, Kan.. .. 157.51 "
Joplin Branch: Labette, Kan., to Joplin, Mo 45.85 "
Krebs Branch : McAlester to Krebs, Ind. T 4.61
Sundry Spurs 10.75 "
B. MISSOURI, KANSAS AND TEXAS RY, OF TEXAS (total, 1,069.92 miles).
Main Line: Red River to Houston, Tex 447.65 "
Sherman Branch : Denison to Sherman, Tex 11.16 "
Henrietta Line: Denison to Henrietta, Tex 112.28 "
Shreveport Division: McKinney to Waskom, Tex 182.34 "
Denton Branch: Dallas to Denton, Tex 37.62 "
Mineola Branch: Greenville to Mineola, Tex 50.50 "
Fort Worth Division : Hillsboro to Fort Worth, Tex 54.50 "
Belton Branch : Echo to Belton, Tex 7.12
San Antonio Division : Smithville to San Antonio, Tex 100.20 '
Trinity and Sabvne Ry.: Trinity to Colmesneil, Tex 66.55 "
O. LEASED AND OPERATED LINES (total, 79.03 miles).
Vicksburg, Shrevcport and Pacific RR.: Waskom, Tex., to Shreveport, La. . 17.00 "
Wichita Falls Ry.: Henrietta to Wichita Falls, Tex 17.88 "
j TTT i. -. TT 17 i> { Atoka to Coalgate, I. T 14.00 m.
Denison and Washita Valley Ry.: { Denigon> T«., to Red River. . 6.00m.— 20.00 "
Denison, Bonham and New Orleans RR.: Denison to Bonham, Tex 24.15
D. TRACKAGE AND TERMINAL RIGHTS (total, 199.18 miles).
Chicago, Burlington and Quincy RR.: St. Louis to Texas June., Mo 24.00 '
Kansas City, Fort Scott and Memphis RR. : Kansas City, Mo., to Paola, Kan. 43.00 '
Missouri Pacific Ry.: lola to Piqua, Kan 7.11 "
Texan and Pacific Ry.: Whitesboro to Fort Worth, Tex 71.18
Galveston, Houston and Henderson RR.: Houston to Galveston, Tex 50.00 '
Vicksburg, Shreveport and Pacific RR.: Terminals, Shreveport, La 2.29 "
Galveston, Harrisburg and San Antonio Ry.: San Antonio, Tex 1.60 "
Total length of lines operated, June 30, 1902 2,554.88 miles.
Sidings, 473.36 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 63 to 80 Ibs.
494 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
2. History.— Consolidation, May 20, 1898, of the (first) Missouri, Kansas and
Texas Ry. Co., the Missouri, Kansas and Eastern Ry. Co., the Southwestern Mineral
Ry. Co., and the St. Louis and Kansas City Ry. Co. (see MANUAL for 1898, page 533).
The Kansas City, Eldorado and Southern Ry., 14 miles, was purchased on Oct.
24, 1899, and the Kansas City and Pacific Ry., 130.06 miles, previously leased, was
absorbed by consolidation on Nov. 24, 1899. The Missouri Midland Ry., from
Columbia to McBaine, Mo., 8.53 miles, was acquired on March 9, 1901; the Fort Scott,
lola and Western Ry., from lola to Moran, Kan., 15.2 miles, on April 10, 1902, and
the Missouri, Kansas and Northwestern RR., from Joplin, Mo., to Mineral, Kan., 28.85
miles, on May 20, 1902 (see MANUAL for 1902, page 466).
3. M., K. & T. Ey. Co. of Texas. — The Missouri, Kansas and Texas Ry. Co. of
Texas (see statement therefor, Section 15), was organized on Oct. 28, 1891, under the
laws of the State of Texas, to acquire title to the railroads owned by the Missouri,
Kansas and Texas Ry. Co. within that State. An extension from Smithville to Lock-
hart, Tex., 37 miles, connecting the Lockhart-San Marcos Branch with the main line,
was completed Dec. 1, 1892, and an extension of the main line from Boggy Tank to
Houston, 84 miles, was completed April 10, 1893. At about the same time the com-
pany acquired the Sherman Branch, built under the charter of Sherman, Denison and
Dallas Ry. Co. The extension from San Marcos to San Antonio, Tex., 45.6 miles, was
completed and put in operation on May 3, 1901. The Sherman, Shreveport and Southern
Ry. Co., owner of the line from McKinney to Waskom, Tex., 182.34 miles, and lessee
of the Waskom Extension of the Vicksburg, Shreveport and Pacific RR., was absorbed
by consolidation on May 7, 1901 (see MANUAL for 1901, page 488). The entire capital
stock of the Texas company is deposited in trust for the benefit of the security of
the stockholders and bondholders of the M., K. & T. Ry. Co.
Acquisition of Granger, Georgetown, Austin and San Antonio Ry. — Under a special
act of the legislature of Texas, approved Feb. 21, 1903, the Granger, Georgetown, Austin
and San Antonio Ry., completed from Granger to Georgetown, Tex., a distance of 15.5
miles, has been conveyed to the Missouri, Kansas and Texas Ry. Co., of Texas, and bonds
covering it have been issued to the amount of $310,000, under the first mortgage of the
Missouri, Kansas and Texas Ry. Co., of Texas. The line will be extended to Austin, the
State capital.
4. Leases and Trackage Contracts. — The Denison and Washita Valley Ry. is
leased for 50 years ending in April, 1943, at a rental of $60,000 a year. The Waskom
Extension of the Vicksburg, Shreveport and Pacific RR. is leased for 25 years from
July 28, 1900, at a fixed yearly rental. The company also has joint use of the Shreve-
port terminals of the same road at a fixed yearly rental and a proportion of the cost
of maintenance, operation and taxes. The Wichita Falls Ry. is operated under a con-
tract that will expire July 1, 1930, for an average of something over 20 p. c. of its
gross earnings. The company has joint use of the line of the Texas and Pacific Ry.
from Fort WTorth to WTritesboro, Tex., 71.18 miles, at an annual rental of 6 p. c. on
$10,000 per mile, together with one-half of taxes, expenses, etc. The Galveston, Hous-
ton and Henderson RR. is operated by its management equally for the benefit of this
company and the International and Great Northern RR. Co., under the terms shown
in the statement for the G., H. & H. RR. Co. (see GENERAL INDEX). This company
and the International and Great Northern own (one-half each) the capital stock of
the G., H. & H. RR. Co. The company has joint use of the line of the Chicago, Bur-
lington and Quincy RR., from Texas Junction to St. Louis, Mo., 24 miles, until Feb.
1, 1993, at a fixed yearly rental and a proportional charge for maintenance and opera-
lion. The St. Louis freight terminals of the same road are used at a fixed rental of
$40,000 a year and a proportional charge for maintenance and operation. The company
has joint use of the line of the Kansas City, Fort Scott and Memphis Ry. Co., for
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496
POOR S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
through traffic, paying therefor a fixed rental of $30,000 a year and a proportional
charge for operation, maintenance and taxes, the contract to endure for 99 years from
April 1, 1894. The contract with the Galveston, Harrisburg and San Antonio Ry. Co.
runs 10 years from May 3, 1901, and secures to the company joint use of tracks and
terminals at San Antonio, at a fixed rental of $15,300 a year, a proportional charge for
betterments, additions and improvements, and a proportional charge for maintenance
and operation. The tracks of the Missouri Pacific Ry., from lola to Piqua, Kan.,
7.11 miles, are used under a 25-year contract dated March 26, 1902, at a rental of
$2,844 a year and a proportion of the cost of maintenance based on wheelage.
5. Rolling Stock, June 30, 1902. — Locomotives, 330. Cars— passenger and com-
bination, 157; baggage, mail and express, 69; freight (box, 5,947; flat, 713; coal, 2,867;
stock, 495; combination coal and stock, 200; refrigerator, 99; furniture, 1,265; caboose,
172), 11,758; other, 197— total, 12,181.
6. General Income Account, year ending June 30, 1902.
Earnings — Passenger $3,040,842 15
Freight 12,632,692 39
Mail and Express 624,39008
Other 93,475 29
Total ($6,556.56 per mile) $16,391,39991
Expenses — Maint. of Way and Struc... $2,645,289 20
Maintenance of Equipment. 1,498,573 13
Conducting Transportation. 6,625,917 00
General 777,42700
Total ( $4,618.89 per mile) $11,547,206 33
Net earnings (29.55 p. c.), $4,844,193.58; other income, $33,813.33— total, $4,878,-
006.91. Payments: Interest on bonds, $3,226,844.18; rentals of tracks and terminals,
$417,864.61; taxes, $324,358.29— total, $3,969,067.08. Surplus, $908,939.83; surplus
forward (amount to June 30, 1901, $2,585,141.85; less payments for new equipment to
June 30, 1902, $2,233,733.85), $351,408— total surplus, June 30, 1902, $1,260,347.83.
7. Interest on Bonds.— M., K. & T. Ry. 1st 4s, $1,592,520; M., K. & T. Ry. 2d 4s,
$800,000; M., K. & T. Ry. Extension 1st 5s, $98,333.34; M., K. & T. Ry., St. Louis Div.,
1st refunding 4s, $64,090; M., K. & T. Ry. of Tex., 1st 5s, $179,850; M., K. & E. Ry.
1st 5s, $200,000; M., K. & E. Ry. 2d 5s, $2,487.50;; K. C. <fc P. RR. 1st 4s, $100,000; D.
& W. Ry. 1st 53, $67,000; Boonville RR. Bridge 1st 4s, $25,023.34; T. & N. RR. 1st 7s,
$13,090; S. S. & S, Ry. 1st 5s, $84,450— total, $3,226,844.18.
8. Rentals. — These consist of the following: St. Louis terminals and joint track,
$130,039.53; Kansas City ditto, $54,521; Denison terminal and Denison and Washita
Valley Ry., $60,000; tracks to Union Station, St. Louis, $16,666.68; Texas and Pacific
joint track, $61,134; Galveston, Houston and Henderson RR., $62,000; Vicksb., Shvevep.
& Pac. terminals and joint track, $14,021.40; Union Passenger Station, Shreveport,
$3,550; San Antonio Terminal, $15,300; Missouri Pacific terminals and joint track,
Piqua, $632— total, $417,864.61.
9. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $152,490,765 40
New Equipment 2,236,53466
Real Estate Purchased 41,98936
Boon. RR. Bridge Bonds in Trust... 13,000 00
Materials and Supplies 1,282,85708
Cash on Hand 1,388,555 44
Agents, Individuals, and Companies. 896,423 16
Securities Owned (market value) — 468,650 96
Total Assets $1S8,818,776 06
Common Stock $56,100,300
Preferred Stock 13,000,000— $69,100,300 00
Stocks of Subsidiary Lines :
Boonv. RR. Bridge Co.. ..$1,000,000
M., K. & T. Ry.Co. of Tex. 2,468,900— 3,468,900 00
Mortgage Bonds 78,636,00000
Improvement Fund 1,092,336 14
Deferred Payments, Equipment.... 2,459,808
Sundry Accounts 1,333 34
Interest Accrued, not Due 714,777 49
Taxes not Due 143,705 59
Current Liabilities 1,941,266 70
Income Account 1,260,347 83
Total Liabilities . . $158,818,776 06
10. Funded Debt The funded debt outstanding on June 30, 1902 — total, $78,636,000, as
per general balance sheet — consisted of the several issues of bonds listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto subjoined
to the statement : and the details of funded debt outstanding on or about Aug. 1, 1903, will be found
In the Ready Reference Bond List — see General Index :
POORS MANUAL — MISSOURI, KANSAS AND TEXAS RY. CO.
497
$187,000 Tebo & Neosho 1st gold 7s of June 1, 1903.
39,813,000 M. K. & T. Ry. 1st gold 4s of June 1, 1990.
20,000,000 M.
1,841,000 M.
2,548,000 M.
4,000,000 M.
K. & T. Ry. 2d gold 4s of June 1990.
K. & T., St. L. Div. 1st gold 4s of
April 1, 2001.
K. & T. Ext. 1st gold 5s of Nov.1,1944.
K. & E. Ry.lst gold 5s of April 1,1942.
$121,000 M., K. & E.Ry. 2d gold 5s of April 1, 1942.
1,689,000 S. S. & S. Ry. 1st gold 5s of June 1, 1943.
2,500,000 K. C. & Pac.RR.lst gold 4s of Aug. 1, 1990.
3,597,000 M..K.& T. of Tex.lst gold 5s of Sep.l, 1942.
1,340,000 Dallas & Waco 1st gold 5s of Nov. 1, 1940.
1,000,000 Boon. RR. Brg. 1st gold 4s of Nov. 1, 1951.
Tebo and Neosho RR. 1st. Mtge. Bonds. — Secured on the section of the main line extending from
Sedalia, Mo., to the Kansas State Line, 100 miles. There is provision for a sinking fund to redeem
the bonds at par, but there can be no drawings. An equal amount of 1st mtge. 4 p. c. bonds of the
M., K. & T. Ry. Co. Is reserved for the retirement of these.
1st Mtge. Bonds, M., K. & T. Ry. Co. — Secured on the entire property owned by the company
prior to the execution of the mortgage dated Nov. 1, 1894, securing the 1st mtge. extension bonds of
•44, such property including the securities representing the control of, and ownership in, the sev-
eral constituent companies organized under the laws of Texas. The amount authorized is $40,000,-
)00, all of which is now outstanding, the reserve bonds having been issued, as originally provided
for the retirement of the remaining $187,000 Tebo and Neosho RR. 1st mtge. bonds, which
matured on June 1, 1903, and which were all paid.
2d Mtge. Bonds, M., K. & T. Ry. Co. — Secured on the same property and securities as the 1st
mtge. bonds, but subject to the lien thereof.
1st Mtge. Extension Bonds, M., K. & T. Ry. Co. — Secured on the following lines acquired by
the company since Nov. 1, 1894 : Southwestern Mineral Branch, 17 m. ; section of Kansas City Di-
vision from Holden to Green Ridge, Mo., 32-9 m. ; branch from Walker to Eldorado, Mo., 14 m. ;
branch from McBaine to Columbia, Mo., 8.53 m. ; sundry spurs, 11 m.— total, 83.43 miles. Additional
bonds, to the amount of $20,000 per mile, may be issued under the same mortgage for the construc-
tion of extensions to the company's system in Missouri, Kansas and the Indian Territory (see
Sec. 2).
1st Mtge. St. Louis Division Bonds, M., K. & T. Ry. Co. — These bonds are Intended to be ulti-
mately the first lien on the St. Louis Division of the M., K. & T. Ry., including the lease of the
Boonville Bridge and the contracts for trackage rights to and into St. Louis. The authorized Issue
Is $6,000,000 ; the unissued bonds are reserved for the retirement of the 1st mtge. bonds and 2d
mtge. bonds of the M., K. & E. Ry. Co., at or before maturity, the amount reserved for the 2d mtge.
bonds being at the rate of $4,000 for every $3,000 (see MANUAL for 1902, page 468).
Missouri, Kansas and Eastern Bonds. — Secured in the order of their priority on the line from
Franklin Junction to Texas Junction, Mo., 162 miles. The 2d mtge. bonds are exchangeable for
St. Louis Division bonds at the rate of $3,000 of the former for $4,000 of the latter.
.Sherman, Shreveport and Southern 1st Mtge. Bonds. — Secured on the line from McKinney to
Waskom, Tex., 182.34 miles. They were assumed by the M., K. & T. Ry. Co. upon consolidation.
ist Mtge. Bonds Kansas City and Pacific RR. — Secured on the line from Paola, Kan., to Stevens,
Ind. T., 130.06 miles, including the equipments and appurtenances thereof. They were assumed by
the M., K. & T. Ry. Co. In the consolidation.
Missouri, Kansas and Texas Ry. Co. of Texas Bonds. — Issued at the rate of $20,000 per mile
and are guaranteed, by endorsement, by the M., K. & T. Ry. Co. The authorized issue, is $10,000,-
000. The bonds are secured by 1st mtge. on that section of the main line of the M., K. & T. Ry. of
Texas, extending from Boggy Tank to Houston, 84 m. ; on the sections of the San Antonio Division
extending from San Marcos to San Antonio, 45.6 m., and from Smlthville to Lockhart, 37 m., to-
gether with an extension of 2.5 m. into the city of San Marcos ; on the branch from Denison to
Sherman, 11.16 m. ; and on the terminal properties in Houston and in Sherman.
Under a supplemental mortgage, dated May 14, 1903, $310,000 additional of these bonds
have been issued, to cover the railroad from Granger to Georgetown, Tex., 15.5 miles, acquired
from the Granger, Georgetown, Austin and San Antonio Ry. Co. (see Sec. 3). Total amount of
the bonds now outstanding, $3,907,000 ; length of lines covered, 195.35 miles.
Dallas and Waco Ry. Bonds. — Issued at the rate of $20,000 per mile, secured on the line from
Dallas to Hillsboro, Tex., 66 miles. They are guaranteed, principal and interest, by endorsement, by
the M., K. & T. Ry. Co. That company, through a subsidiary corporation, owns the entire capital
stock of the Dallas and Waco Ry. Co.
Boonville Railroad Bridge Bonds. — Secured on the bridge over the Missouri River at Boon-
ville, Mo. Guaranteed as to principal and interest by the M., K. & T. Ry. Co. There is provision
for a sinking fund of 1 p. c. per annum, commencing Nov. 1, 1911, under which bonds will be re-
deemed by lot at par and accrued Interest.
11. Supplementary Income Account, 9 months ending
comparison with 9 months ending March 31, 1902:
March 31, 1903, and
1903
1902
Increase or Decrease.
Gross
Earnings.
Expenses
A Taxes.
Net
Earnings.
Fixed
Charges.
Balance,
Surplus.
1
S
*
t
't
13,303,425 95
12,614,031 52
/. 689,394 43
9,449,767 61
8,819,878 00
7.629,889 61
3,8.53,658 34
3,794,153 52
/. 59,504 82
2,808,073 50
2,714,351 66
/. 93,721 84
1,045,584 84
1,079,801 86
D. 34,217 02
12. Guaranteed Bonds. — In addition to the bonds of the Boonville Railroad Bridge Co. and
of the Dallas and Waco Ry. Co., as above, the Missouri, Kansas and Texas Ry. Co. guarantees a& to
principal and interest the 1st mtge. 5 p. c. bonds (issuable at the rate of $20,000 per mile of con-
structed road) of the Missouri, Kansas and Oklahoma Ry. Co. and of the Texas and Oklahoma Ry.
Co. Further particulars respecting these guaranteed bonds will be found in the separate state-
ments for the companies named, appended hereto.
13. Land Department. — Under several acts of Congress the company received large land
grants both In *he State of Kansas and in the Indian Territory ; those in the latter claimed to
amount to 3,110,400 acres, subject to treaty stipulations, and to the extinguishment of the Indian
title. All the lands received from the State of Kansas have been sold. No lands in the Indian Ter-
ritory were ever received.
498
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
14. Statement of operations, property and capital accounts for seven yean:
YEARS ENDING JUNE 30.
1896
1897
1898
1899
1900
1901 1902
Miles RR. Operated (av.)
Passenger Train Miles
2,147
3,135,540
5,683,432
1,652,985
89,837,595
2.926,337
846,827,435
S
2,071,406
8.388.544
577,037
2,197
3,188,310
6,468,812
1,347,523
78,375.002
3,236,906
1,017,781,597
$
1,818,188
9,107,207
552,920
2,197
2,644,284
6,018,848
1,457.548
89,525,500
3,568,825
1,040,700,027
1
1,919,556
9,559,000
568,681
2,200
2,749,268
5,712,340
1,471,070
82.422,598
3,594,500
1,005,776,939
$
1,943,123
9,394,922
592,289
2,218
3,362,738
5,970,810
1,609,812
94,730,315
3.936,957
1,176,879,464
*
2,152,768
9,886,995
586,749
2,205
3.434,436
6,147,779
2,071,621
117,367,561
4.884,976
1,304,692.564
I
2,658,245
12,097,618
647,220
2,500
4,104,024
2,767,659
2,327,716
139,024,626
5,014,429
1,396,710,077
3,040,842
12,632,692
717,865
Freight Train Miles
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Freight
Miscellaneous
11,036,987
7,419,814
11,478,315
8,081,521
12,047,237
7.909,228
11,930,334
7,742,660
12,626,512
8,474,130
15,403.083
10,824,014
16,391.400
11,547,206
3,617,173
3,396,794
137,000
4,138.009
69,090
4,187,674
61,588
4,152,382
43,209
4,579,069
38,137
4,844,194
33,813
Net Income
3,617,173
284,286
2,983,960
332.534
3,533,794
255,880
3,061,760
365,507
4,207,099
273,160
3,061,760
365,410
32,012
4,249,262
270,168
3,063,593
366,817
4,195,591
291,339
3,082,093
371,292
4,617.206
310,133
3,118,015
389.142
4,878,007
324,358
3.226,844
417,865
Rentals
Other Charges
Totals
3,600,780
16,393
5,140 65
3,455 89
1,684 76
67.23 p.c.
2.31 c.
0.99 c.
1,841.09
2,039.11
1,971.76
271
173
8,852
9,185
$
52,450,000
13,000,000
3.012,500
70,523,000
1,254.369
1,025,458
18,484
672,617
131,857
1,223,863
460.272
3,683.147
del. 149.353
5,224 54
3,678 43
1,546 11
70.41 p.c.
2.32 c.
0.89 c.
1,841.09
2,042.18
1,990.26
268
173
8,676
9,017
1
52,450,000
13,000,000
3.012,500
70,523,000
776.316
779,529
16,651
672,117
125,933
1,803,327
310,919
3,732,342
474,757
5,483 49
3,60001
1,883 48
65.65 p.c.
2.14c.
0.92 c.
1,841.09
2,225.17
2,212.81
258
173
8,546
8,879
1
52,450.000
13,000.000
3,012,500
70,523,000
538,889
538,298
20,312
672,617
129,274
1,437,492
785,676
3,700,578
548,683
5,422 88
3,519 39
1,903 49
64.90 p.c.
2.36 c.
0.93 c.
1,841.09
2,241.09
2,212.81
257
173
8,512
8,853
1
52,450,000
13,000,000
3,012,500
70,743,000
300,033
385,184
10,404
674,451
130,147
1.657,073
1,334,359
3,744,724
450,867
5,692 75
3,820 62
1,872 13
67.11 p.c.
2.27 c.
0.84 c.
1,995.90
2,420.90
2,420.90
264
187
9,827
10,193
$
55,181,000
13,000,000
3,012.500
73,523,000
3,817.290
799.916
6,800 48
4,778 81
2.021 67
70.27 p.c.
2.27 c.
0.93 c.
2,232.62
2,659.62
2,659.62
294
193
10,385
10,764
S
55,280,300
13,000,000
3,468,900
76,294,000
566,572
1,130,315
14,139
700,438
137,783
1,901,636
2,585,142
3,969,067
908,940
6,55656
4,618 89
1,937 67
70.45 p.c.
2.19c.
0.90 c.
2.276.67
2,750.03
Balance, Surplus
Gross Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile
Av. Rate per Ton per Mile
Miles RR Owned.
Miles Track Owned
Miles of Steel Rail
330
226
11,758
12,181
$
56,100,300
13,000,000
3,468,900
78,636,000
1,092,336
2,459,809
1,333
714,777
143,706
1,941,267
1,260,348
Freight Train Cars
Total Cars
Preferred Stock
Subsid Co 's Stocks
Funded Debt
Deferred Payments
1,405,914
1,333
676,784
133,514
1,830,033
1,785,226
Int Accrued not Due
Taxes not Due
Total Liabilities
143,772,420
140,910,556
11.290
1,101,700
428,690
447,087
873,097
143,470,293
140,837,280
13,264
971,620
718,112
410,698
519,289
143,108,058
140,837,310
13,179
694,871
396,683
582,154
583,861
143.697,150
141,138,569
12,874
787,480
454,734
712i934
150,549,304
147,939,329
61,214
472,400
574,175
789,922
712,264
155,079,225
151,510,377
44.891
472,401
901,493
874,679
1,275,384
158,818,776
154,727.300
41,989
481,651
1,282.857
896.423
1,388,555
Cost of Road A Equip
Real Estate
Materials, etc
Current Accounts
Cash
Totals
143.772,420
143,470.293
143,108,058
143.697,150
150,549,304
155,079,225
158,818,776
NOTE. — " Cost of Road and Equipment " includes new equipment — in 1896, $626,490 ; in 1897,
$553,214; in 1898, $55£,244; in 1899, $634,503 ; in 1900, $1,924,263 ; in 1901, $2,168,612 ; in
1902, $2,236,535.
15. RAILROADS LEASED BT THE M., K. ft T. RY. Co.
BOONVILLE RR. BRIDGE CO Owns the
bridge over the Missouri River, from Boonville
to Franklin. Capital stock, $1,000,000, all owned
by the M., K. & T. Ry. Co. Bonded debt (see
Sec. 10), $1,000,000.
DALLAS AND WACO RY Dallas to Hills-
boro', Tex., 65.58 m., completed Jan. 31, 1891, be-
ing a portion of the main line of the M., K. &
T. Ry. from Dallas, south. Capital stock, $670,-
000, all owned by the M., K. & T. Ry. Co. Bonded
debt (see Sec. 10), $1,340,000,
DENISON, HOM1AM AND NEW OR-
LEANS RR. — Bonham June, to Bonham, Tex.,
24.17 m. ; total track (steel; 60 Ibs.), 26.67 miles.
Chartered in 1901 ; road opened in 1902. Operated
under a traffic contract, by the Missouri, Kansas
and Texas RR. Co. Capital stock, $50,000 ; float-
ing debt (secured by personal endorsement of the
stockholders), $50,000 — total, $100,000. Cost of
road, $360,000. E. D. Steger, Pres., Bonham, Tex. ;
R. C. Poster, Vice-Pres., Denison, Tex. ; C. L.
Bradford, Treas. ; J. W. Russell, Sec., Bonham,
Tex. Office, Bonham, Tex.
POOR'S MANUAL OF RAILROADS.
499
MISSOURI, KANSAS AND TEXAS RY.OF
TEXAS. — Length of lines (see Sec.l), 1,069.92 m. ;
total track( steel, 1,223.26m.), 1,278.30 miles. Incor-
porated Oct. 28, 1891, under the laws of Texas,
to take over and operate the lines of the M.,
K. & T. Ry. Co. within that State. The property
was deeded to the company, subject to existing
liens, on Nov. 18, 1891. Extensions to Houston
and to San Antonio have been constructed, and
an extension to Shreveport, La., has been ac-
quired by consolidation with the Sherman,
Shreveport and Southern Ry. Co. The entire
capital stock of the company, $12,900,000, Is de-
posited with the Central Trust Co. of New York,
as trustee, for the benefit of the security of the
stockholders and bondholders of the M., K. & T.
Ry. Co. Bonded debt (see Sec. 10), $3,597,000.
Henry C. Rouse, Pres., New York, N. Y. ; A. A.
Allen, Vice-Pres. & Gen. Mgr., Dallas, Tex. ; Col-
gate Hoyt, 1st Vice-Pres., New York, N. Y<;
J. N. Simpson, 2d Vice-Pres., Dallas, Tex. ; A. V.
Tomlin, Treas. ; O. M. Lindsay, Sec. ; Wm.
O'Connell, Auditor, Dallas, Tex.
WICHITA FALLS RY Terminus of M,
K. & T. Ry. at Henrietta, Tex., to Wichita, Falls,
Tex., 17.88 m. ; total track, 19.94 miles. Char-
tered in 1894 ; road opened in 1896. Operated by
the M., K. & T. Ry. Co., under a 10-yr. contract
dating from May 1, 1895. This contract pro-
vides that the M., K. & T. shall supply the roll-
ing stock and necessary train service, and shall
pay to the Wichita Falls Ry. Co. an average of
something over 20 p. c. of the gross business
which the latter company can command. Capi-
tal stock authorized and paid in, $20,000. Funded
debt (authorized), $260,000 1st gold 30-yr. 6s of
Jan. 1, 1925, interest payable seml-annually.
Trustee : Union Trust Co., St. Louis, Mo. A sink-
ing fund is provided for in the mortgage. A.
Newby, Pres. ; R. B. Huff, Vice-Pres. & Atty. ;
O. J. Kendall, Sec. ; Frank Dorsey, Treas.,
Wichita Falls, Tex. Office, Wichita Falls, Tex.
B. P. McDonald.. .Ft.Scott.Kan.
Jas. Hagerman...St. Louis, Mo.
Term expires April, 1906.
J. D. Rockefeller.NewYork.N.Y.
T. N. Sedgwick... Parsons, Kan.
J. F. Freeman... New York.N.Y.
Chas. Q. Hedge. "
16. Board of Directors, Missouri, Kansas and Texas Ry. Co., as constituted May 1, 1903.
Term expires April, 1904. Term expires April, 1905.
Henry W. Poor..New York.N.Y. W. Rockefeller. . New York.N.Y.
J. Brown Potter. " " Myron T. Herrick..Cleveland,O.
H. L. Satterlee... New York.N.Y.
H. J.. de M. Oyens,
Amsterdam, Holl.
Term expires April, 1907.
H. C. Rouse New York, N. Y. I A. A. Allen St. Louis, Mo.
Colgate Hoyt | A. J. Poor Chapman, Kan.
HENRY C. ROUSE, Chairman of the Board and President, New York, N. Y.
A. A. Allen, Vice-President and Gen. Manager St. Louis, Mo.
Chas. G. Hedge, Vice-President and Treasurer New York, N. Y.
Secretary — S. Halline New York, N. Y. | General Auditor — O. J. Pollock. ..St. Louis, Mo.
EXECUTIVE OFFICE 49 Wall St., New York, N. Y.
General Offices Parsons, Kan., and St. Louis, Mo.
:
MISSOURI, KANSAS AND TEXAS SYSTEM.— Controlled Companies.
MISSOURI, KANSAS AND OKLAHOMA RE.— This company, organized in
Oklahoma, is constructing a line from Stevens, Ind. T., to Guthrie and Oklahoma City,
Okla., with a branch through the Arkansas River Valley to Wybark, Ind. T., on the
M., K. & T. main line, to be merged when completed with the M. K. & T. Ry. System.
The total length of line is 271.71 miles. On May 1, 1902, the company executed a mort-
gage to the Central Trust Co., of New York, as trustee, to secure an issue of 1st mtge.
5 p. c. 40-year gold bonds to the amount of $20,000 per mile. The bonds are for
$1,000 each, in coupon form, with privilege of registration. Principal and interest
are guaranteed by the M. K. & T. Ry. Co., the sole owners of the Missouri. Kansas &
Oklahoma RR. Co., the guaranty being endorsed upon each bond.
TEXAS AND OKLAHOMA RR.— Chartered in Oklahoma with authority to
build a railroad from a connection with the Missouri, Kansas and Oklahoma RR. at Okla-
homa City to a connection with the M., K. & T. Coal Railway Branch at Coalgate, I. T., a
distance of about 125 miles, and to acquire by lease or otherwise the railroads named. On
July 15, 1903, the company executed a mortgage, of which the Central Trust Co., of New
York, is trustee, to secure an issue of 1st mtge. 5 per cent. 40-year gold bonds, issuable at
the rate of $20,000 per mile of road, but not to exceed in the aggregate $2,500,000.
The bonds are for $1,000 each, in coupon form, with privilege of registration. They are
dated Sept. 1, 1903, due Sept. 1, 1943, interest payable March 1 and Sept. 1, at the
office of the Missouri, Kansas and Texas Ry. Co. in New York. Both principal and in-
terest are guaranteed by the Missouri, Kansas and Texas Ry. Co., the guaranty being
endorsed upon each bond.
THE MISSOURI PACIFIC SYSTEM.
(For map of this system, see page 501.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS or SECTIONS.
Additional Securities Issued,
Whole System 6
Capital Accts., Whole Sys... 6
Capital Expenditures «
Construction New Lines 7
Current Finances, Whole Sys. 8
Earnings, etc., Whole Sys... 4
Financial Statement 2
Income Acct, Whole System. 4
Mileage of System 1
Operations of System 4
Railroads of System 1
River & Gulf Div. Mtge K
Rolling Stock of System S
500
POOR S MANUAL OF RAILROADS SOUTHWESTERN GROUP.
1. The railroads embraced in this system on Dec. 31, 1902, and whose single track
mileage aggregated 6,002.4&, were as follows:
Missouri Pacific Ry 3,486.60 miles.
Central Branch Ry 388.19
St. Louis, Iron Mountain and Southern Ry 1,773.77 "
'Arkansas Central RR 46.50 "
'Arkansas and Louisiana Ry 25.54 "
•Arkansas Midland RR 47.45 "
Brinkley, Helena and Indian Bay RR 22.97 "
•Little Rock and Hot Springs Western RR 56.80 "
•Mississippi River, Hamburg and Western Ry 38.91 "
"New Orleans and Northwestern Ry 1 15.76 "
While the railroads indicated by an asterisk (*) in the preceding statement are
controlled through ownership of all or a large majority of their capital stock, they are
operated separately by their own organizations, and their statistics are not included in
the report of the Missouri Pacific Ry. Co. The system represented by the capital stock
of the Missouri Pacific Ry. Co., and whose operations are included in that company's re-
port, consists of the Missouri Pacific Ry., with its branches and leased lines, the Central
Branch Ry., and the St. Louis, Iron Mountain and Southern Ry. ; the aggregate length
thereof being 5,648.56 miles, and the average operated during the year ending Dec. 31,
1902, 5,613.46. Included in the 5,648.56 miles are 76.67 miles of trackage rights in rail-
roads outside of the system, deducting which leaves 5,571.89 miles actually represented
by the capital stock of the Missouri Pacific Ry. Co. The following statement shows
the track mileage of the lines whose length is included in this total :
First
Track
Miles.
Second
Track.
Milet.
Third
Track.
Milet.
Side
Track.
Miles.
Total
Track.
Miles.
Steel
Rails.
Miles.
1,333.42
33.73
1.79
466.53
787.44
46.95
52.19
472.58
1,835.47
2,491.52
423.12
440.38
1,911.71
1,793.48
2,363.99
421.72
332.13
1,910.35
Branch Lines
Leased Lines
Central Branch Ry
1,704.08
376.17
388. 19
St. L., I. M. & S. Ry. : Lines Owned
1,428.86
10.27
Leased Lines
341.17
83.38
424.55
422.44
Total
5,571.89
44.00
1.79
1,909.07
7,526.75
7,244.11
2. Financial Condition, Dec. 31, 1902.
Current Resources ($13,122,000.98) :
Cash on Hand $5,467,51008
Due from Agents and Companies 3,124,387 69
Due for Interest on T. & P. 2d Mtge.
Bonds, collected March 1, 1903 1,113,800 00
Investments Sold, not Delivered 861,08042
Material on Hand 2,555,222 79
Advanced from Current Resources
during 1902, for new Mileage and
Equipment added to the System and
for Real Estate purchased 1,301,189 64
Other Expenditures on new Mileage
not Completed nor Capitalized 4,481,152 41
Total $18,904,343 03
Current Liabilities ($14,363,359.11) :
Current Vouchers and Pay Rolls $3,479,946 49
Real Estate Notes Due in 1903 44,02555
Interest Due and Unpaid 89,02815
Interest Accrued, not Due 2,013,88687
Unpaid Dividend No. 48 1,945,05500
Accrued Rentals 91,417 05
Advances by Directors 6,700,000 00
Deferred Liabilities ($2,008,258.17) :
Improvement Funds 1,000,000 00
Insurance and Other Funds 1,008,258 17
Total $16,371,617 28
Surplus of current resources and uncapitalized new property over all current and deferred lia-
bilities, $2,532,725.75. Car trust and equipment notes outstanding, payable at various dates until
1912, $5,291,508.60.
The current resources have been drawn upon liberally during the past few years to meet pay-
ments for new mileage, equipment and real estate, for which capital funds had not been provided,
and resulted in a small unfunded debt, as shown above, but since Jan. 1, 1903, the date of closing
the books, arrangements have been completed for furnishing the necessary funds to reimburse the
treasury for a large portion of these capital expenditures, and also to provide for all new property
and mileage now under contract, by the sale of $20,000,000 River and Gulf Divisions 1st mtge. bonds
of the St. Louis, Iron Mountain and Southern Ry. Co., and by the sale of available gen. consol. 5
p. c. bonds and unifying and refunding 4 p. c. bonds of the same company. The amount to be cov-
ered into the treasury from these sources for bonds already sold against property and mileage ac-
quired and paid from current resources, will amount to over $4,000,000.
The various car trust and equipment notes outstanding are not in the nature of current lia-
bilities, as their maturities are so arranged that the added income to the system from the use of the
equipment should provide the necessary funds to pay the notes.
501
602
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
3. Rolling Stock, Dec. 31, 1902.— Inventory of the equipment of the Missouri Pa-
cific Ry., the Central Branch Ry. and the St. Louis, Iron Mountain and Southern Ry. :
•
The
Mo. P.
Ry.
The
C. Br.
Ry.
St. L.,
I.M.A
S.Ry.
TOTAL.
The
Mo. P.
Ry.
The
C.Br.
Ry.
St.L.-
I. M.i
S.Ry.
TOTAL.
Locomotive*:
Passenger
100
215
109
8
10
3
68
197
62
1902
1901
Flat .
822
6,268
14,325
365
83
346
209
13
38
707
1,3%
1,431
6,438
299
1902
1901
176
422
174
151
388
166
2,231
7,737
21,470
664
83
1,345
403
2,092
7,382
20,554
668
92
980
360
Coal
Freight
Box
Service
Refrigerator
Totals
Salt
424
76
280
98
21
327
772
76
358
193
705
72
349
164
Furniture
999
176
Passenger Cars:
Sleeping Cars •.
Caboose
18
Totals.
Service Cars:
Business and Pay ....
Road and Water
23,098
12
750
98
844
1
75
4
12,089
7
1,350
68
36,031
20
2,175
170
33,794
19
1,701
166
Day Coaches
13
»
65
86
Bag., Mail 4 Express . .
Total*
454
680
22
68
151
1,232
62
56
627
1,980
62
56
585
1,559
53
54
Freight Cars:
Stock
Totals
860
80
1,425
2,365
1,886
Ore
Grand Totals ....
24,412
946
13,665
39,023
36,265
4. The following statement shows the result of the operation of this system for the
calendar year 1902, the results for the calendar years 1900 and 1901, of practically the
same mileage, being given for the sake of comparison:
TheM.P.
Ry.
TheC.B.
Ry.
St. L., I. M.
4S.Ry.
Total
1902.
Total
1901.
Total
1900.
Passenger Train Mileage
4,785,812
6,286,490
3,396,158
175,817,779
425.018
444,610
292,779
9,104,620
405,387
49,296,633
2.544 c.
1.445 c.
$
231,652 91
712,230 49
71,227 13
76,681 76
3,297,836
5,111.927
1,821,077
114,504,423
7,298,843
1,797,731,811
2.322 c.
0.759 c.
$
2,659,101 05
13,650,349 89
916,536 47
414,591 03
8.508,666
11.843,027
5,474.188
299,426,822
14,113,945
3,324,575,602
2.146c.
0.807 c.
$
6,425,248 62
26,817,423 35
1,996,279 94
2,256,735 71
8.033,678
12,465,980
5,074,892
270,395,220
13,059,027
3,234,221,895
2.210 c.
0.825 c.
$
5,975,544 11
26,676,118 30
1,945,643 00
2,063,788 15
7,396,714
11,777,164
5,308,519
249,958,897
11,480,732
2,718,043,993
2.219c.
0.854 c.
$
5,546,091 96
23,224,617 23
1,852,816 10
1,668,761 76
Freight Train Mileage
Passengers Carried
Passenger Mileage
Freight (tons) Moved
8,388,226
1,477,547,158
2.010 c.
0.843 c.
$
3,534,494 66
12,454,842 97
1,008,516 34
1.765,462 92
Freight (ton) Miles
Aver Earn, per Pass per Mile
Aver Karri, per fnr\ jx>r Mi]p
Earnings — Passenger
Freight
Mail and Express
Other
Total
18,763,316 89
2,461,119 23
5,588,308 31
4,752,903 49
414,357 77
1,091,792 29
226,550 52
307,935 65
254,030 89
31,726 71
17,640,578 44
1,934,029 88
4,153,991 57
4,507,093 39
411,143 40
37,495,687 62
4,621,699 63
10,050,235 53
9,514,027 77
857,227 88
36,661,093 56
5.013,9^0 23
8,993,899 89
8,789,816 43
817,877 97
32,292,287 05
4,306,996 21
8,064,750 85
8,123,335 64
708,311 63
General
Total
13,216,688 80
5,546,628 09
820,243 77
271,548 52
11,006,258 24
6,634,320 20
25,043,190 81
12,452,496 81
1,123,373 90
23,615,514 52
13,045,579 04
1,082,916 01
21,203,394 33
11,088,892 72
1,065,093 89
Net Earnings
Deduct Taxes
Net Operating Income
11,329,122 91
560,967 97
11,962,663 03
341,683 02
10,023,798 83
785,339 73
Deduct Sundry Charges
Other Income, Div. from Invertm'ts, etc. .
10,768,154 94
2,422,139 36
11.620,980 01
2,473,431 43
9,238,459 10
1,371,889 35
Total Net Income
13,190,294 30
6.645,672 07
14,094,411 44
6,615,888 70
10,610,348 45
6,791,798 13
Fixed Charges and Rentals
Surplus Applicable to Dividend . . .-
6.544,622 23
3,855,110 00
7,478,522 74
3,563,802 50
3,818,550 32
Dividends Paid and Declared
Net Surplus.
2,689.512 23
3,914.720 24
3,818,550 32
From surplus net Income for the year 1902 there was appropriated by resolutions of boards ot
directors $1.615,871.35 for additional property and improvements to road and equipment during
POOR'S MANUAL THE MISSOURI PACIFIC SYSTEM. 503
1902, and $1,000,000 for funds to pay in part for improvements to road and equipment year 1902 ;
a total appropriation of $2,615,871.35.
Surplus of income for year 1902 over all charges, dividends and appropriations $73,640 88
Surplus at Jan. 1, 1902 8,489,020 62
Net balance to credit of Income Accounts, January 1, 1903 $8,562,661 50
5. River and Gulf Divisions First Mortgage.— On Feb. 26, 1902, the directors of
the St. Louis, Iron Mountain and Southern Ry. Co. provided for an issue of $50,000,000
of 4 per cent. 30-year bonds, of which $20,000,000 have been appropriated and sold for
the following purposes:
1. To purchase additional terminal properties in St. Louis and East St. Louis, including freight
transfer facilitiea across the Mississippi River immediately south of the City of St. Louis.
2. To purchase a railroad now built from East St. Louis to Thebes, 111., with a branch to the
Big Muddy Coal Fields, aggregating about 145 miles.
3. To extend the present Iron Mountain System from Batesville, Ark., to Carthage, Mo., and
build branches in connection therewith, 254 miles.
4. To extend the Iron Mountain System along the Mississippi River Valley from West Memphis,
Ark., to a connection with a low grade line of the Texas & Pacific Railway Co., at Clayton, La. —
278 miles.
All of the above 677 miles of railroad is to be built according to modern practices, with low
grades, heavy rails, thoroughly ballasted and adapted to economical operation. This new mileage
is required for two purposes — to handle expeditiously and economically the large volume of existing
traffic of the Iron Mountain System and avoid double tracking of a large portion of the existing main
lines, which would otherwise be necessary ; and to establish new through or main lines which will
materially add to the volume of tramc and earning capacity of the System.
The balance of the bonds secured by the mortgage are to be Issued only under carefully re-
stricted provisions of the mortgage, and the proceeds appropriated for building or acquiring other
mileage at actual cost, not exceeding in any event $30,000 of bonds per mile of completed main line
railroad, and for actual cost of additional terminals, equipment, double tracks or other property in
connection with or necessary to the development of the mortgaged property.
The mortgage constitutes a first and only lien upon the mileage and other property above speci-
fied, and bonds are reserved to complete a System extending from St. Louis along the east side of
the Mississippi River to the bridge now being built at Thebes, 111., and on the west side of the river,
via West Memphis, to a connection with the Texas & Pacific Ry. at Clayton, La., and by means of
this connection completing a Valley Railroad System extending from St. Louis to New Orleans, which
is 48 miles shorter than the existing System, having maximum grades of 3-10ths of 1 p. c. as against
several sections of existing system reaching as high as 2 p. c. The mortgage will also constitute a
first and only lien upon a diagonal line from the above described Valley Line near West Memphis,
via the White River Valley, to a connection with the Missouri Pacific System at Carthage, Mo., and
by this connection completing a low grade line from Kansas City to Memphis of about 480 miles.
The company has acquired all of the bonds of the Memphis Union Belt Ry. Co., which owns a
belt line around Memphis, reaching important industries and occupying an important strategic loca-
tion with valuable franchises, and these bonds will be deposited with the Trustee of the River and
Gulf Divisions Mortgage as additional security therefor. Additional particulars respecting the
River and Gulf Divisions bonds will be found on page 518, in the statement for the St. Louis, Iron
Mountain and Southern Ry. Co.
6. Capital Accounts. — The changes in the capital accounts during the year were
as follows:
Capital Resources Used.
Capital Stock Increased (Missouri Pacific) $1,400,000 00
Missouri Pacific Equipment Association Certificates issued 2,030,000 00
Iron Mountain Car Trust Certificates issued 1,088,000 00
St. Louis, Iron Mountain & Southern Unifying and Refunding Bonds issued or sold from
Treasury 1,531,000 00
Net reduction in value of lands from sales 207,218 76
Total $6,256,218 76
Application of Resources.
St. Louis, Iron Mountain & Southern General Consolidated Bonds retired $145,000 00
Sundry Investments costing ^'^'oiK ^
Equipment purchased 4,168,390 84
Application of Improvement Fund Account St. Louis, Iron Mountain & Southern Rail-
way, Unifying and Refunding Mortgage 90,002 50
Net Additions to Real Estate. 994,185 78
Settlements Right-of-Way, etc 44,210 18
Construction added to Main Line, Missouri Pacific Ry. :
Jefferson City & Boonville Line $1 ,262,845 73
Lake City Branch 186,974 69
Fair Grounds Track, Sedalia 13,671 62— 1.463.492 04
Total $7,557,408 40
The difference, $1,301,189.64, has been paid from current resources and was used principally for
purchase of additional equipment and real estate.
7. Construction Work Completed and in Progress Dec. 31, 1902.
MEMPHIS, HELENA AND LOTHSIANA RY.. Halley, Ark., to the State line between Arkansas and
Louisiana, grading completed and track laid the entire distance, 42.43 miles. Total expenditure to
Dec. 31, 1902, $441,799.99.
MEMPHIS, HELENA AND LOUISIANA RR., Louisiana State line to Clayton, La., distance 102.48
miles, grading completed and track laid from State line to a point three miles south ; about 80 p. c.
504
POOR S MANUAL OF RAILROADS SOUTHWESTERN GROUP.
of tbe remainder of the grading is done and two and one-half miles of track laid from Clayton, north.
Total cost, as far as completed, $236,354.20.
WHITE RIVER RY., White River Junction, Ark., to Buffalo, Ark., distance 82.00 miles ; track
laid to Mt. Olive, Ark., 41.67 miles from White River Junction ; grading has been completed to
Devero, Ark., 69.13 miles from White River Junction, and about 90 p. c. of the remaining grade is
finished. There was expended account this line during previous year, $226,320.30, which, with the
expenditure of $1,299,613.27 in 1902, makes total cost, as far as completed, $1,525,933.57.
EL DOKADO AND BASTROP RY., Louisiana State line to El Dorado, Ark., distance, 44.00 miles,
track laid to the Ouachita River, 7.50 miles, and about 65 p. c. of remainder of the line Is graded.
Total expenditure, $244,625.35.
MISSISSIPPI RIVER, HAMBURG AND WESTERN RY., extension from Hamburg to Crossett, Ark.,
distance 12.40 miles, was completed during the year at a cost of $136,333.99.
CARTHAGE AND WESTERN RY., from a connection with the Lexington & Southern Division north
of Carthage, to a connection with the Kansas City Southern Railway at Asbury, Mo., distance 17.96
miles. About 90 p. c. of the first ten miles out of Carthage is graded ; work on the remainder com-
menced at several points during the last part of Dec. Total amount expended, $132,070.22.
PFEIFFER QUARRY SPUR, from a point on the White River Branch near Batesville, Ark., to stone
quarries, distance 5.00 miles ; about 60 p. c. of the work has been completed at a cost of $3,529.83.
WEBB CITY SPURS AND EXTENSIONS, from Scotland to Mear's Mines, Mo., distance 16.86 miles,
was completed during the year at a cost of $212,791.92.
JEFFERSON CITY, BOONVILLE^ AND LEXINGTON BRANCH, from Cole Junction, Mo., near Jefferson
City, to Boonville, Mo., distance 41.39 miles, completed during the year at a cost of $308,341.90,
which added to the expenditure of $954,503.83 incurred in 1901, makes a total cost of $1,262,845.73.
LAKE CITY BRANCH, Lake City to Rock Creek, Mo., distance 7.76 miles, was completed during
1902. There was $108,057.08 expended on this line in 1901, which with $78,917.61 expended in
1902, makes total cost $186,974.69.
YATES CENTER BRANCH, for the purpose of dispensing with a long bend In the main line and
decreasing grade from 1 p. c. to 0.6 p. c. maximum, a detour 8.6 miles in length Is under construc-
tion at Yates Center, Kan., which will also reduce the distance 2.4 miles as compared with the pres-
ent line. Total cost, as far as completed, $102,195.80.
The line from Jefferson City to Boonville, Mo., and the Lake City Branch were opened for traffic
about July 1, 1902 ; and 41.67 miles of the White River Ry. is also being operated. Of the new
lines of railway on which construction progressed during the year, there were 175 miles of track
laid and on over 140 additional miles grading was finished at the close of the year.
8. Current Finances.— The following is a brief statement showing the disposition
made of current funds during the year:
Current Resources.
Surplus of income for the year over all charges $6,544,622 23
Add net Increase of current accounts representing collections of accounts applicable
to year 1901, and amounts charged out this year but not yet paid 4,586,086 48
Total current funds $11,130,708 71
Appropriation of Resources.
For Current Operations — Dividend No. 46, paid Jan. 20th $1,910,050 00
Dividend No. 47, paid July 20th 1,910,055 00
Additional Property and Improvements to Road and Equipment
during 1902, in excess of amount of funds appropriated out of
Surplus of 1901 1,615,871 35
Payment of Equipment Notes, etc 345,136 20
Investment in stock of Wiggins Ferry Co. and other investments
to be shortly sold for cash 861,08042 — 6,642,192 97
For Capital Purposes for which Capital Funds are still to be provided —
Purchase of material principally for construction purposes 393,281 72
For amount, as shown in previous statement, covering new mile-
age and equipment added to System and additions to Real
Estate 1,301,189 64
New mileage not completed nor capitalized 2,794,044 38 — 4,488,515 74
Total $11,130,708 71
The expenditures for new mileage are principally represented by the partial construction of the
following lines : Extension from Scotland to Mear's Mines, Mo. ; Yates Center Branch Detours ;
Carthage and Western Ry. ; White River Ry. ; Memphis, Helena and Louisiana Ry. ; Memphis,
Helena and Louisiana RR., and Eldorado and Bastrop Ry. The larger portion of the advances
from current resources to meet these capital requirements will be reimbursed by the sale of the
River and Gulf Divisions 1st mtge. bonds of the St. Louis, Iron Mountain and Southern Ry. Co.
THE MISSOURI PACIFIC RAILWAY COMPANY.
(For map of this system, see page 501.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Detailed Inc. Acct., Dec. 31,
1902 4
Directors and Officers 16
Earnings, Expenses.etc., 1902. 4
Earnings, Exp.,etc., 1896-1902. 7
Equipment Obligations 11
Funded Debt, Details of 6
Gen. Bal. Sheet, Dec. 31, 1902. 9
Gen. Bal. Sheet, 1896-1902.... 7
History 2
Income Acct., Dec. 31, 1902. .. 4
Income Acct., 1896-1902 7
Investments, Details of 12
Leased Line Statements 15
Mileage Operated 1
Rentals 5, 14
Resources of Mo. Pac. and
their application 13
Rolling Stock 3
Subsidiary Bonds deposited
with Trustees 10
POORS MANUAL — THE MISSOURI PACIFIC RY. CO. 505
1. Mileage Operated, Dec. 31, 1902.— A. LINES OWNED (total, 1,134.04 miles).
'Main Line: St. Louis, Mo., to 3d St., Atchison, Kan 330.11 miles.
'Nebraska Extension: Central Branch Jc., Kan., to Papillion, Neb 148.01 "
*Sarpy County Extension: Papillion Junction to Sarpy County Line, Neb. . 2.09 "
* Poplar Street Track: Eleventh St. to The Levee, St. Louis, Mo 1.00 "
*Laclede & Creve Caeur Lake Branch: Junction to Creve Cceur Lake, Mo. 11.99 "
'Carondelet Branch: Kirkwood to Carondelet, Mo 12.44 "
'Glencoe Branch: Glencoe to Lime Kilns, Mo 4.00 "
'Lebanon Branch: Jefferson City to Bagnell, Mo 45.04
'Jefferson City, Boonville and Lexington Branch: Cole Jc. to Myrick, Mo. 118.16
'Marshall Branch : Marshall Junction to Marshall, Mo 2.48
'Lexington Branch: Sedalia via Lexington to Independence, Mo 88.40
'Lake City Branch: Lake City, Mo., to Atchison Connection 7.76
'Blackwater Branch: Warrensburg, Mo., to Stone Quarries 3.00
'Kansas and Arizona Division: Paola to Le Roy Junction, Kan 61.14
'Ottawa Branch: Osawatomie Junction to Ottawa, Kan 21.62
'Lexington & Southern Division: K. C., F. S. & M. June, to Joplin, Mo. 132.69
'Webb City Spurs and Extensions: Oronogo to Granby, Mo 24.29
'Nebraska City Branch: June, with Neb. So. Ry. to Weeping Water, Neb. 26.76
'Lincoln Branch: Weeping Water to Lincoln, Neb 33.92
'Crete Branch: Talmage to Crete, Neb 58.18
B. PROPRIETARY ROADS — ENTIRE STOCK OWNED (total, 2,055.58 miles).
•n«,nfc R*it »« • J SarP7 County Line to Omaha, Neb 13.12
K«" \ Summit Junction to West Side Junction, Neb 3.05
'St. Louis, Oak Hill & Carondelet Ry.: Tower Grove to Carondelet, Mo. 6.30
'Joplin & Western Ry. : J. & W. Junction, to Grand Falls, Mo 4.59
'Fort Scott Central Ry.: Rich Hill Junction, Mo., to Cornell, Kan 57.05
'Nevada & Minden Ry.: Nevada, Mo., to Kansas State Line 32.56
*N. d M. Ry. of Kansas: Mo. State Line to Chetopa, Kan. 41.15
'Nebraska Southern Ry.:~ Auburn, Neb., to June, with Neb. City Branch.. 16.12
'Omaha Southern Ry. : Union to Gilmore Junction, Neb 25.44 .
f Kansas and Colorado Pacific Ry.: Ottawa, Kan., to State Line, Col 404.73
Council Grove Connection : Spur Jc. to M., K. & T. Ry. Connec., Kan . . . 0.48
Salina Loop : Gypsum City to Marquette, Kan 27.30
Great Bend Branch: Hoisington to Great Bend, Kan 10.01
Madison Line: Monteith Junction, Mo., to Madison, Kan 101.43
Topeka Division : Fort Scott to Topeka, Kan 131.00
Wichita & Western Division : Fort Scott, Kan., to Ind. T. Boundary .... 244.45
Gilfillan Spur: Gilfillan, Kan., to Stone Quarries 2.40
McPherson Branch: El Dorado to McPherson, Kan 62.40
Wichita d Geneseo Line : West Wichita to Geneseo, Kan 86.57
Chetopa & Larned Line: Chetopa to Larned, Kan 273.04
Grouse Creek Division : Dexter to Arkansas City, Kan 25.07
t Pueblo and State Line RR.: State Line, Kan., to Pueblo, Col 152.12
\Kanopolis and Kansas Central Ry.: Geneseo to Kanopolis, Kan 14.16
\Kansas Southwestern Ry.: Olcott Junction to luka, Kan 24.91
•f Rooks County RR. : Alton to Stockton, Kan 18.25
^Pacific Ry. in Nebraska: Warwick, Kan., to Prosser, Neb 73.00
^Sedalia, Warsaw and Southwestern Ry 43.23
^Kansas City Northwestern RR.: Kan. City, Kan., to St. J. & G. I. RR. Con. 117.04
Virginia Section: Axtell Junction, Kan., to Virginia, Neb 32.92
Seneca Connection : H. B. Connection to St. J. A G. I. RR. Connection . . 0.08
Leavenworth Branch: Menager Junction to South Leavenworth, Kan.. 11.61
O. LINES LEASED BY M. P. RY. Co. FOR SPECIFIC RENTALS (total, 224.05 miles),
'Boonville, St. Louis & Southern Ry.: Versailles, to Boonville, Mo 43.95
'Kansas City & Southwestern Ry. (Mo.) : Cecil, Mo., to State Line, Kan. 20.70
'Kansas City d Southw. Ry. (Kan.): State Line, Mo., to S. W. June., Kan. 27.00
'Verdigris Valley Div. K. d C. P. Ry.: Le Roy to Deering Junction, Kan. . 80.62
*Le Roy d Caney Valley Air-Line: Roper to Peru Junction, Kan 51.78
D. TRACKAGE AND TERMINAL RIGHTS (total, 74.82 miles).
'Central Branch Ry.: Atchison (3d St.) to Central Br. Junction, Kan 1.89
Kansas City, Ft. Scott d Ai. RR: Pleasant Hill Jc. to K. C..F.S.& M. Jc.,Mo. 0.54
Atchison, Topeka and Santa Fc Ry. : Eton to Congo, Mo 7.82
(Continued ort next page.)
506 POOR'S MANUAL OF RAILROADS SOUTHWESTERN GROUP.
Statement of Mileage Operated— Continued.
*Chicago, Burlington & Quincy KB.: Winthrop to St. Joseph, Mo 21.00 miles.
'Union Pacific Ry.: Gilmore Junction to Summit Junction, Neb 5.47 "
* Kansas City Southern Ry.: Pittsburg, Kan., to Joplin, Mo 26.54
^St. Joseph and Grand Island Ry.: Seneca to Axtell Junction, Kan 10.77 "
\Atch., Top. d Santa Fe Ry.: H. B. Connection to Soldiers' Home, Kan. . . 0.79 "
*Lines indicated thus are operated as main line — total length 1,620.73 miles.
•{•Lines indicated thus are operated as branch lines — total length 1,867.76 "
Total length of lines operated by Missouri Pacific Ry. Co 3,488.49 miles.
Track Mileage. — Statement showing the mileage of all tracks operated by the
Missouri Pacific Ry. Co., exclusive of trackage rights, Dec. 31, 1902:
!Main Line
First
Track.
Miles.
1333.42
Second
Track.
Mile*.
3373
TMrd
Track.
Miles.
179
Sidings.
Miles.
46653
Total
Track.
Miles.
1 83547
Steel
Rails.
Miles.
1 793 48
Owned and Proprietary •
Branch Line*
1,704.08
78744
2 491 52
236399
Leased Line**
376.17
4695
423.12
421 72
Totals 3,413.67 33.73 1.79 1,300.92 4,750.11 4,579.19
•Includes Pueblo and State Line RR., a proprietary road, but treated as a leased line in the
mileage statement given in the report of the Missouri Pacific Ry. Co
Gauge, 4 ft. 8y2 in. Rail, 52 to 75 Ibs.
2. History. — Incorporated Oct. 21, 1876, and took over the property of the Pacific
RR. Co. of Missouri, which had been sold under foreclosure Sept. 6, 1876. Consoli-
dated Aug. 11, 1880, with the St. Louis and Lexington RR., Kansas City and Eastern
RR., Lexington and Southern RR., St. Louis, Kansas and Arizona RR., Missouri River
RR. and Leavenworth, Atchison and Northwestern RR. (see MANUAL, for 1891, page
784). The accounts of the Kansas City Northwestern RR. Co. and of the Sedalia War-
saw and Southwestern Ry. Co. were consolidated with those of the Missouri Pacific
Ry. Co. as of Jan. 1, 1901. Trackage rights from Pittsburg, Kan., to Joplin, Mo.,
26.54 miles, were acquired of the Kansas City Southern Ry. Co. on July 24, 1900. The
extension of the Jefferson City, Boonville and Lexington Branch, from Boonville to Cole
Junction, Mo., 41.39 miles, and the Lake City Branch, from Lake Junction, Mo., to
a connection with the Atchison, Topeka and Santa Fe Ry., 7.76 miles, were opened
for operation on June 3, 1902, and the contract for trackage rights in the Atchison,
Topeka and Santa Fe Ry., from Eton to Congo, Mo., 7.82 miles, went into effect on
the same day. The Webb City Extension, from Oronogo to Granby, Mo., 24.29 miles,
was opened for operation on July 28, 1902.
Proprietary and Controlled Roads. — The proprietary railroads are practically
owned by the Missouri Pacific Ry. Co. and are fully incorporated into the system.
The actual aggregate mileage of them is 2,136.20 miles, including the length of the
Verdigris Valley Division of the Kansas and Colorado Pacific Ry., 80.62 miles, which
is shown as a leased line in the mileage statement, the Missouri Pacific Ry. Co. being
obliged to pay the interest on its bonds by way of rental. The Missouri Pacific Ry.
Co. controls the St. Louis, Iron Mountain and Southern Ry. Co., and Central Branch
Ry. Co., through the ownership of all or of a large majority of their capital stocks.
For information respecting those companies, reference should be made to the separate
statements therefor. The company also has large holdings in the shares of the Denver
and Rio Grande Ry. Co. and of the Texas and Pacific Ry. Co., friendly interests con-
trolling the remaining shares.
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 424. Cars — passenger, 280; sleep-
ing, 76; baggage, mail and express, 98; freight (box, 14,325; stock, 680; flat, 822; coal,
6,268; refrigerator, 365; salt, 83; furniture, 346; caboose, 209), 23,098; service, 860—
total, 24,412. Of this equipment, 36 locomotives and 2,008 cars (14 baggage, mail and
express, 499 coal and 1,495 box) are leased.
POORS MANUAL THE MISSOURI PACIFIC RY. CO.
507
4. Op
traffic oper
EARNINGS.
Passenger. ....
srations, ye
ations see st
Main Line.
$
2,422,530 45
8,709,195 97
537,158 15
212,111 17
44,882 90
1.610,895 32
13,536,773 96
8,602 69
ar ending
atement on
Branch Lines.
$
1,111,964 21
3,745,647 00
173,827 44
85,419 58
5,824 22
103.8W 48
Dec. 31,
page 502.
Total.
$
3,534,494 66
12,454,842 97
710,985 59
297,530 75
50,707 12
1,714,755 80
1902.— For
EXPENSES.
Transportation
Motive Power .
Maint. of Way .
Maint. of Cars .
statistics of train mileage and
Main Line. Branch Lines. Total.
$ $ $
3,123,585 64 1,629,317 85 4.752,903 49
2,921,004 11 1,404,150 85 4,325,154 96
1,441,904 20 1,019,215 03 2.461.119 23
1,167,657 47 95,495 88 1,263,153 35
312,764 55 101,593 22 414.357 77
Freight
Mail
Express
Rent
Miscellaneous. .
Totals
Totals
5,226,542 93
2,798 29
18.763,316 89
5,436 28
8,966,915 97
5,698 59
4,249.772 83
2,275 33
13,216,688 80
3,829 26
Totals p. M.. .
Totals p.M...
Net Earnings, Main Line (33.76 p. c.) . .$4,569.857 99
Net Earnngs, Branch Lines 976,77010
W. & C. Tpk. & Fy. Co. Surplus 75,778 76
Dividends Received 3,393,69323
Rentals Received 46,385 82
Sundry Receipts 197,58918
Interest on Bonds $2,854,637 60
Taxes 700,361 84
Rentals of Leased Lines 171,64872
Sundry Charges 161,473 56
Dividend No. 47 (2| p. c., July, 1902)... 1,910,055 00
Dividend No. 48 (2J p. c., Dec., 1902)... 1,945,055 00
Total Net Income $9,260,07508 Total Deductions $7,743,23162
Surplus income, $1,516,843.46; surplus to Dec. 31, 1901, $3,237,705.18— total, $4,754,-
548.64. Deductions: Appropriation for improvements to constituent properties for year
1902, $646,599.46; appropriations for additional property, and improvements to road
and equipment year 1901, $310,497.29; appropriation to pay in part improvements
to road and equipment year 1903, $500,000 — total, $1,457,096.75. Surplus, Dec. 31,
1902, $3,297,451.89.
6. Statement showing the details of dividends and rentals received and of interest
and rentals paid as per income account.
Accrued Interest on Bonds.
Pac. RR. of Mo., 1st mtge $280,00000
Dividends Received.
American Refrigerator Transit Co $20,63228
Baring Cross Bridge Co '. 10,50000
Coal Companies 150,00000
Pacific Express Co 216,00000
Union Depot Companies 11,47500
Southwest Lead and Zinc Works 1,20000
The Mo. Pac. Ry. Co 20,50000
Sugar City Townsite Co 1,25000
St. Louis and Miss. Valley Transit Co. 13,036 95
Denver and Rio Grande RR. Co 365,000 00
Certificates Mo. Pac. Equip. Ass'n 6250
Interest on General Consol. Ry. and
Land Grant Bonds St. L., I. M. & S.
Ry. in Treasury 40000
National Beet Sugar Co 3,42000
Interest on 1st Mtge. Bonds Series " A "
K. C. & N. W. RR 37 50
Interest on 1st Mtge. Bonds Southern
111. and Missouri Bridge Co 80000
Dividends on Capital Stock of St. L.,
I. M. & S. Ry. Co. exchanged for
Capital Stock of Missouri Pac.Ry.Co. 2,673,379 00
Rentals Received.
Iron Mtn. RR. of Memphis $20,00000
Kansas City Northwestern RR 26,38582
Pac. RR. of Mo., 2d mtge 128,65000
P. RR. of Mo., Real Estate Security.. 40,000 00
Pac. RR. of Mo., Carondelet Br. 1st
mtge 10,68750
Mo. Pac. Ry., 3d mtge 267,960 00
Mo. Pac. Ry., Lexington Br. 1st mtge. 32,500 00
The Mo Pac. Ry., Consol. Mtge 894,24000
Trust Five Per Cent 718,800 00
1st Collateral Mortgage 481,80000
Rentals of Leased Lines.
Boonville, St. Louis and Southern Ry. $25,000 00
Hannibal and St. Joseph Trackage 10,679 18
Kansas City, St. Joseph and Council
Bluffs Trackage 7,00000
The Central Branch Trackage 7,382
Le Roy and Caney Val. Air-Line RR. 26,000 00
Verdigris Val., Independ. & West. RR. 40,300 00
Kansas City and Northwestern RR.... 61,187 60
Atchison, Topeka and Santa Fe Ry... 4,200 00
6. Funded Debt — The funded debt outstanding on Dec. 30, 1902 — total, $54,012,000, as per
general balance sheet — consisted of the several issues of bonds, listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto sub-
joined to the statement ; and the details of funded debt outstanding on or about Aug. 1, 1903, will
be found in the Ready Reference Bond List — see General Index :
$7,000,000 Pac. RR. ( Mo.) 1st gold 4s of Aug. 1, 1938.
2,673,000 Pac. RR. (Mo.) 2d gold 5s of July 1, 1938.
800,000 Pac. RR. Real Est. gold 5s of May 1, 1938.
237,500 Car. Br. 1st gold 4$s of Oct. 1, 1938.
3,828,000 Mo. Pac. Ry. 3d 7s of Nov. 1, 1906.
$650,000 Lex. Div. 1st gold 5s of Aug. 1, 1920.
14,904,000 Mo. Pac. Ry.Consol. gold 6s of Nov.1,1920.
14,376,000 Trust gold 5s of Jan. 1. 1917.
9,636,0001st Coll. gold 6s of Aug. 1, 1920.
Pacific RR. of Missouri 1st Mtge. Gold Bonds. — Secured on the main line from St. Louis to
Kansas City, Mo., 283.74 miles, with rolling stock, machine shops, and depots — average per mile,
$24.735.
Pacific RR. of Missouri 2d Mtge. Gold Bonds. — Secured on the same line as, but subject to, the
1st mortgage. Average per mile, $9,092. Sinking fund, $50,000 per annum.
Pacific RR. of Missouri, St. Louis City Real Estate Mtge. Quid Bonds. — Secured on four blocks
of ground In the city of St. Louis, Mo., valued at $2,500,000.
Pacific RR. of Missouri, Carondelet Branch 1st Mtge. Gold Bonds. — Secured on the line from
Klrkwood, Mo., to Carondelet, Mo., 12.44 miles. Average per mile, $18,846.
508
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Missouri Pacific Ry. 3d Mtge. Bonds. — Secured as a third lien on the main line and as a second
lien on the Carondelet Branch, together forming the old Pacific RR. of Missouri. Average per milt,
$12,932.
The Missouri Pacific Ry. Lexington Division, 1st Mtge. Gold Bonds. — Secured as a first lien on
the line from Lexington, Mo., to Sedalia, Mo., 55.5 miles. Average per mile, $11,818.
The Missouri Pacific Ry. Consol. Mtge. Gold Bonds. — Authorized issue, $30,000,000, of which
$15,096,000 are reserved to cover prior liens. The bonds outstanding ($14,904,000) are secured on
The Missouri Pacific Ry. main line (482.11 m.), and branches (578.49 m.). aggregating 1,060.60
m. ; also upon all franchises, rolling stock, etc., now owned or that may be hereafter acquired.
Average per mile, $14,058.79.
Trust 5 p. c. Gold Bonds. — Secured by a deposit In trust of 1st mtge. bonds of railway companies
controlled or operated as part of its system by The Missouri Pacific Ky. Co. The issue of this series
of bonds is limited to actually completed mileage of railroads whose 1st mtge. bonds are deposited
in trust as above. ( For statement of the companies Issuing the underlying bonds and description of
same, see Sec. 10.) Issue limited to $15,000,000.
1st Collateral Mtge. Gold Bonds. — Limited in issue to an amount not exceeding 80 p. c. of the
par value of the deposited and underlying 1st mtge. bonds of auxiliary companies. (For statement
of securities covered by the collateral trust bonds, see Sec. 10.)
7. Income account and general balances of the Missouri Pacific Ry. Co. for seven
fiscal years. For statistics of train mileage and traffic operations, see Sec. 4 of statement
for Missouri Pacific System (page 502).
1896
1897
1898
1899
1900
1901
1902
Aver. Mileage Operated . .
3,164.2o
S
2054 164
3,164.25
S
2 108955
3.164.25
2,546,49
3.164.25
S
2588375
3,164.25
S
2784,926
3,392.54
3,148,311
3,441.31
1
3 534 495
7355368
9128663
9,691 742
9 667 919
10,921 247
12,621,380
12,454,843
Other
1,655,859
1,747,548
1,873,044
2,017,407
2,224,103
2,614,386
2,773,979
Total
11,065,391
12,985,166
14,111,277
14,273,70
15,930,276
18,384,077
18,763,317
9052465
9 738 231
10,841 990
10 855 575
11 310 152
12,631,558
13 216 689
Net Earnings
2,012,926
3,246,935
3,269,287
3,418,126
4,620,124
5,752,519
5,546,628
Other Receipts
494,815
787,854
790,580
917,277
2,310,385
2,947,301
3,713,447
Total Income
2,507,741
4,034,789
4,059,867
4,335,403
6,930,509
8,699,820
9,260,075
Payments — Interest
3,034,224
3,058438
3,0.58 438
3,058438
3,301 729
2,881,194
2,854,637
Taxes
649,638
640744
649,251
645875
657,443
695,221
700,362
Rentals
115,849
116 182
116,182
116 182
116,285
107,436
171,649
Sundries '
Dividends. . . .
158,645
125,609
228,341
115,036
77.160
92,003
(5) 3,563,803
161.474
(5) 3,855,110
Balance (-J- or — )
—1,450,615
-f 93,816
47,655
-1-399,872
-+2,777,892
-1-1,300,163
-f 1,516,843
Gross Earnings p. Mile
Operating Exp. per Mile. . . .
Net Earnings per Mile
Expenses to Earnings
Miles RR. Owned
3,497 00
2,860 86
636 14
81.81 p.c.
1.259.98
4,103 71
3,077 58
1,026 13
75 p.c.
1,259.98
4,459 60
3,426 40
1,033 20
76.83 p.c.
1,259.98
4,510 93
3,430 69
1,08024
76.05 p.c.
1,259.98
5,034 45
3,574 35
1,460 10
71 p.c.
1,259.98
5,418 97
3,723 33
1.695 64
68.71 p.c.
1,259.98
5.436 28
3.829 26
1.607 02
70.44 p.c.
1,333.42
Miles Track Owned
1,664.03
1,66847
1,670.62
1,675.58
1,718.06
1,710.39
1,835.47
Miles of Steel Rail
1,659.91
1,666.35
1,667.01
1,668.38
1,713.94
1,672.05
1,793.48
Locomotives . .
351
351
325
334
340
394
424
Passenger Cars
290
290
290
291
290
340
356
Baggage, etc., Cars
75
73
73
72
76
84
98
Freight Cars
11,985
12,650
14,156
15,968
16,119
21,269
22,889
Caboose and Other Cars
Capital Stock
348
$
47,442,375
659
$
47.442 375
737
S
47,447,075
743
$
47,448,650
700
$
50,432,150
1,002
$
76,402,875
1,069
$
77,802.875
Funded Debt
62,138,000
62,138,000
62.138,000
62,138000
65.374,000
54,012,000
56,042,000
Unpaid Interest .
987810
994853
980088
965690
1 135 475
954 180
954,560
Sundry Liabilities
3,771 141
5 154754
5421 999
6840320
4 2SS 329
6768213
14,002,809
Profit and Loss
28 187
35843
435715
3 213 608
3 237 705
3 297,452
Total Liabilities.
114339326
115758 169
116023005
1 17 828 375
124 443 562
141 374973
152,099.696
Cost of Property .
51 609 172
52 310 686
53 466 617
55 232 633
55987013
61 212 577
63.560,105
Other Investments
59,195 221
59 220 174
58214061
57 922 672
60 245 122
71 331 557
72,894,434
Materials and Supplies
Current Asset*
835,285
2 134985
807,238
2331 580
864,399
2 515 207
1,065,946
2887642
1,081,569
2 179 907
2.161,941
2659429
2,555,223
8,302.441
Cash on Hand
499034
1 OSS 491
962721
719482
4 949 951
4,009,469
4,787,493
Profit and Loss
65,629
Total Assets
114339326
115,758,169
116,023005
117828375
124 443 562
141,374,973
152,099,696
8. Capital Stock. — The authorized capital stock Is $100,000,000 in $100 shares, increased
from $70,000,000 by vote of stockholders June 26, 1901. During the year ending Dec. 31, 1902,
$1,400,000 was Issued In part payment for construction of the Lake City Branch and the Jefferson
City and BoonvUle Line.
BOOR'S MANUAL — THE MISSOURI PACIFIC RY. CO.
509
9. General Balance Sheet, December 31, 1902.
rVistntRoad Eauio etc $63,560,10454
Capital Stock (includ. amount
exch'ged for Capital Stock
of St. L., I. M. * S. Ry.) $77,802,875 00
Funded Debt (see Sec. 6) 54,012 000 00
Supplies and Material on Hand. . f'555'rH „
Investm'ts in Stocks & Bonds . . 72.048,540 20
Expenditures Account of Con-
Btruction and Proj. Lines .... 772,152 OC
Cash:
In hands of Treasurer, Local
Treasurer and Paymasters. .. . $3,892,772 45
In Transit, Account Agents 894,720 99— 4,787.493 44
Sundry Accounts Collectible:
Agents and Conductors 958,115 34
U S.Gov't (Mail Serviced. .. 324,116 65
U S. Gov't Trans. Fgt.&Pasa 31,140 12
Pacific Express Co 68,344 73
Equipment Obligations 2 030,000 00
Interest Due and Accrued:
Due and Uncalled for $64,605 00
Accrued but not Due 889,955 19— 954,560 19
Accounts Payable:
Vouchers prior to Dec.. 1902. . 508,253 90
Pay Rolls for Dec., 1902, due
Jan 15 1903 1 351,205 50
Vouchers for Supplies for
Dec., 1902, due Jan.20,1903 1,418,582 87
Pay Checks Outstanding .... 136,283 45
Notes Payable 350,591 95
Sundry RRs. and Indiv'ls . . . 1,440,056 57
Foreign Roads, Acct. Over-
charges refunded 51,144 87— 2,872,918 28
Due to Sundry RR. Com-
panies and Individuals. ... 19,349 14
Dividend No. 48, payable
Jan 20 1903 1,945,055 00— 5,729,321 81
Elevators Town Lots etc 73,741 84
Loans Payable 6.700,000 00
Special Fund Accounts, Insurance, etc 1,008,258 17
Advances'to Sundry Agts., awaiting adjust 203, 186 03
Due from St L I M 4 S Ry Co . 5 226 337 02
Improvement Fund 500,000 00
Due to Central Branch Ry. Co 65,229 08
Balance of Income Account Dec 31 1902 ... 3 297,451 89
Total Assets ...$152,099,696 14
Total Liabilities ... ... $152,099,696 14
1O. Statement showing subsidiary bonds deposited with trustees, covered by the
Trust 5 p. c. and 1st Collateral Mtge. bonds of The Missouri Pacific Ry. Co., as stated
in preceding statement of bonded debt, interest on which accrues to The Missouri
Pacific Ry. Co.:
MORTGAGES.
Miles.
Date of
Mortgage.
Date of
Bond.
Maturity
of Bond.
AMOUNT.
I!
flj^e
Total Annual
Interest Ac-
cruing to The
Mo. Pac. Ry.
Author-
ized.
Outstand-
ing.
A. Covered by Mo. Pac. Trust 5
p.c. Bonds:
Den M A A Ry 1st Mtge
411.56
46.47
136.02
309.25
40.10
24.91
152.12
July 1.1886
July 1, 1886
Aug. 2,1886
Aug. 1,1887
Dec. 1, 1886
Jan. 1, 1887
Oct. 1, 1887
July 1, 1886
July 1, 1886
July , 1886
Aug. . 1887
Dec. , 1886
Jan. , 1887
Oct. , 1887
July . 1916
July , 1911
July , 1920
Jan. , 1917
Dec. , 1926
Jan. , 1917
Oct. ,1917
$
16 M. p. m.
15 M. p. m.
15 M. p. m.
4,666,000
15 M. p. m.
15 M. p. m.
15 M. p. m.
$
6,561,000
705,000
2,041,000
4,666,000
600,000
372,000
2,270,000
p.c.
fig.
6*.
6g.
7g.
6g.
tg"
5 g.
$
393,660
42,300
122,460
326,620
36,000
22,320
113,500
"Wich' 4 Col Ry 1st Mtge
Kan & Col RR 1st Mtge
F. S., W. & W. Rv., 1st Mtge
S S 4 El P RR , 1st Mtge
P & State L RR 1st Mtge
Totals
1,120.43
17,215,000
1,056,860
76,380
16,500
123,300
18,000
66,600
24,420
33,000
22,560
25,020
24,000
54,750
30,000
97,320
19,700
9.750
19,150
12,100
19,100
3,450
B— Covered by Mo. Pac. 1st. Coll.
Mtge Bonds:
Top S & W RR., 1st Mtge
51.73
18.25
131.00
19.42
69.53
20.70
27.00
25.07
27.30
6.30
73.00
1.07
101.43
26.27
3.91
26.87
16.12
25.44
4.59
Jan. 1, 1883
Jan. 1, 1886
April 1,1886
July 1, 1886
Aug. 16, 1886
Sept. 1,1886
Sept. 1,1886
July 1, 1887
July 18, 1887
Sept. 1,1887
Sept. 20, 1887
Nov. 10,1888
July 10,1890
Feb. 2, 1891
Feb. 2,1891
Feb. 2, 1891
Jan. 1, 1892
Jan. 1, 1892
June 1. 1892
Jan. 1, 1883
Jan. 1, 1886
April 1,1886
July 1, 1886
Aug. 16, 1886
Sept. 1,1886
Sept. 1, 18S6
July 1, 1887
Julv 18,1887
Sept. 1.1887
Sept. 20, 1887
Nov. 10. 1888
July 10, 1890
Feb. 2,1891
Feb. 2, 1891
Feb. 2, 1891
Jan. 1. 1892
Jan. 1, 1892
June 1,1892
Jan. , 1923
Jan. , 1911
April , 1916
July , 1911
July , 1911
Sept. , 1926
Sept. , 1926
July , 1927
July , 1917
Sept. , 1917
Sept. 20, 1907
Nov. , 1908
July , 1920
Feb. , 1920
Feb. , 1920
Feb. , 1920
Jan. , 1922
Jan. 1, 1922
June 1.1922
4,000,000
275,000
2,400,000
300,000
1,110,000
20 M. p. m.
20 M. p. m.
390,000
15 M. p. m.
400,000
15 M. p. ra.
500,000
16 M. p. m.
15 M. p. m.
50 M. p.m.
15 M. p. m.
15 M. p. m.
15 M. p. m.
15 M. p. m.
1,273,000
275,000
2,055,000
300,000
1,110,000
407,000
550,000
376,000
417,000
400,000
1,095,000
500,000
1,622,000
394,000
195,000
383,000
242.000
382,000
69,000
6g.
6 c.
6g.
6 c.
6 c.
6g.
6g.
6g.
6 c.
6g.
5 c.
6g.
6g.
5g.
\g-
tg"
5 g.
5g.
5g.
Rooks Co RR 1st Mtge
K N & D Ry 1st Mtge
The M. P. Ry. in K, 1st Mtge
C.G.,O.C.AO.Ry., 1st Mtge
K. C. & S'n Ry. of Mo., 1st Mtge . . .
K. C. A S'w'n Ry 1st Mtge
C. G., S. V. & W. Ry., 1st Mtge
St. L, 0. H. A C. Ry., 1st Mtge ....
Pac Ry in Neb 1st Mtge
I Mt RR of Mem 1st Mtge
Inter-State Ry 1st Mtge
Ft. Scott Central Ry:
Ft S 4 E. Ry 1st Mtge
Ft S B T Ry 1st Mtge
Ft S 4S Ry 1st Mtge
Neb So Ry 1st Mtge
Omaha So Ry 1st Mtge
Joplin 4 W Ry 1st Mtge . ...
Totals
675.00
12,045,000
695,100
11. Equipment Obligations. — These obligations, designated Series A, were issued Aug. 27,
1902, under a trust agreement with the Missouri Pacific Equipment Association. They are payable
In ten yearly installments of $203,000 each, on Sept. 1, 1903, to 1912. The equipment covered con-
sists of 25 freight and 11 passenger locomotives, 2 postal, 5 combination, 7 baggage, 500 coal and
1,500 box cars.
POOR 3 MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
12. Statement showing investments in stocks, bonds, and other properties by The
Missouri Pacific Ry. Co., Dec. 31, 1902:
No. of
DESCRIPTION.
Sharesor
Bonds.
Amount.
i. SECURITIES OWNED:
(A.) Deposited as Security for Issue of Trust and
Collateral Mortgage Bonds:
1. For Issue of Trust Five Per Cent. Bonds (total par, $17.215,-
000; cost to company, $14,376,000):
First Mortgage Bonds:
Kansas 4 Colorado RR 2,041 $2,041,00000
Den., Mem. 4 Atlantic Ry 6,561 6,561,000 00
Pueblo 4 State Line RR 2,270 2,270,000 00
Ft. Scott, Wichita 4 W. Ry 1 Bond 4,666,000 00
Wichita 4 Colorado Ry 705 705,000 00
Salina, Ster. 4 El Paso RR 600 000,00000
Kansas Southwestern Ry 372 372,000 00
2. For Issue of First Collateral Bonds (total par, $12,045,000;
cost to company, $9,636,000) :
First Mortgage Bonds:
Coun. G've, 0. C'y_4 0. Ry 1.110
Topeka, Salina 4 West. RR 1.273
The Mo. Pac. Ry. in Kansas 300
Coun. Gr., Sm. Vy. 4 W. Ry 417
Kan., Neb. 4 Dakota Ry 2,055
Grouse Creek Ry 376
RooksCountyRR 275
Pacific Ry. in Nebraska 1,095
Interstate Ry 1,622
$1,110,000 00
1,273,000 00
300,000 00
417,000 00
2,055,000 00
376,00000
275,000 00
1,095,000 00
1,622,000 00
400,000 00
550,000 00
407,000 00
394,000 00
195,000 00
St. L, 0. Hill 4 Caron. Ry ......... 400
Kan. City 4 Southwestern Ry ...... 550
Kan. City 4 Southw. Ry. of Mo .... 407
Ft.S.C.Ry.:Ft.S.4East.Ry. . .. 394
" " Ft. S. B. T. Ry. ..... 195
" " Ft.S.4So.Ry ....... 383
Joplin 4 Western Ry. ............ 69
Omaha 4 Southern Ry ........... 382
Nebraska Southern Ry ............ 242
Iron Mountain RR. of Mem ....... 500
(B.) Held in Company's Treasury (total par, $111,259,-
102.26; cost to company, $48,036,540.20):
Capital Stock:
The Missouri Pacific Ry .......... 4,100 $410,00000
St. L., Iron Moun. 4 So. Ry ....... 257,337ft 25,733,790 00
Kan. 4Co. Pac. Ry .............. 223,035 22,303,500 00
Pueblo 4 State Line RR .......... 15,500
RooksCountyRR ............... 4,400
Pacific Ry. in Nebraska. .......... 10,958
S. L., 0. Hill 4Caron. Ry ........ 4,000
Mo. Pac. Ry. of Kansas .......... 300
Omaha Southern Ry .............. 3,823
Nebraska Southern Ry ............ 2.418
Ft. Scott Central Ry ............. 11,148
Joplin 4 Western Ry ............ 916
OmahaBeltRy ................. 8,000
Nevada 4 Minden Ry. ........... 4,500
Nevada 4 MindenRy. of Kansas .. 6,750
Le Roy 4 Caney Vy. A. L. RR . . . . 3,600
Kansas City 4 Southw'n Ry ...... 2,460
Kansas City 4 Southw'n Ry. of Mo 2,070
Kansas Southwestern Ry. ......... 3,399 A
Iron Mountain RR. of Mem ....... 7
Cen. Br. Union Pac. RR. Co ....... 8,742
Atch., CoL 4 Pac. RR. Co ....... 9,203
Atch., Jewell Co. 4 W. RR. Co .... 1,050
The Central Branch Ry. Co ........ 75,850
Sed., War. 4 Southw'n RR ........ 5,160
Winfield, Texas 4 Gulf Ry ......... 368
Kanopolis 4 Kan. Cent. Ry ....... 2,650
The Kan. City Northw. RR. Co ..... 40,160
Arkansas Central RR ............ 5,938
69,00000
382,00000
242,000 00
500,000 00
,,
1,550,00000
440,00000
1,095,800 00
400,000 00
30,00000
382,30000
241,800 00
1,114,80000
91,60000
800,00000
450,000 00
675,00000
360,000 00
246,000 00
207,000 00
339,940 00
700 00
874,200 00
920,300 00
105,000 00
7,585,000 00
516,00000
36,800 00
265,000 00
4,016,000 00
593,80000
No. of
DESCRIPTION. Shares or
Bonds.
Texas 4 Pacific Ry 65,250
Den. 4 Rio Grande Ry.. Com 148,000
Den. 4 Rio Grande Ry.,Pref 73,000
Atoka Coal 4 Mining Co. 4,163
Lexington Coal Mining Co 100
Osage Coal 4 Mining Co 2,000
Rich Hill Coal Mining Co 4,592
Western Coal 4 Mining Co 10,000
Water. 4 Car. Turn. 4 Fy Co 998
Pacific ExpressCo 24,000
American Refrig. Transit Co 930
Kansas Central Elevator Co 750
Exp. 4 Mus. Hall Ass'n St. Louis . . 200
Omaha Fair 4 Speed Ass'n 200
Town Cos. on McPherson Br
Mahoney Frog Foot Guard Co 150
St. L. Light Artillery Arm Ass'n. . . lOshares
Fort Scott Convention Hall 40
Baring Cross Bridge Co 1,500
Louisiana Purchase Exposition Co . 8,500
So. 111. 4 Missouri Bridge Co 100
National Beet Sugar Co., Pref 100
National Beet Sugar Co., Com 100
St. L. 4 Miss. Vy. Transp. Co 87
Pacific RR. of Missouri 1,278
Missouri Pacific Elevator Co 2,500
Sugar City Townsite Co 500
Interstate Car Transfer Co 625
Pueblo Stock Yards Co 1,250
General Consol. Bonds:
St. Louis, Iron Mount. 4 So. Ry 8
First Mortgage Bonds:
Kanapolis 4 Kansas Central Ry . . . 225
Leavenw. Union Dep. 4 RR. Co ... 25
Pacific RR. (of Mo.) Carond't Br . . 15
National Beet Sugar Co 57
Kan. City N. W. RR. Co., Ser. "A". 1
Kan.CityN.W.RR.Co.,Ser."B". 2,983
Arkansas Central RR 770
So. 111. 4 Mo. Br. Co #)
Second Mortgage Bonds:
Ft. Scott, Wichita 4 W. Ry 1 Bond
Atchison Union Depot Co. 9
Fractional Scrip:
Kan. City N. W. RR. Co., Ser. "A"
Kan.CityN.W.RR.Co.,Ser."B"
The Mo. Pac. Ry. Co. Capital Stock.
Southw. L. 4 Z. Wks., Rich Hill
Certificates:
Mo. Pac. Equip. Ass'n, Ser. "A". . . 5
Amount.
$6,525,000 00
14,800,000 00
7,300,000 00
416,300 00
100,000 00
200,000 00
459,20000
1,000,000 00
99,80000
2,400,000 00
93,000 00
75,000 00
5,000 00
5,000 00
3,50000
15,000 00
150,000 00
85,000 00
10,000 00
10,000 00
10,000 00
8,700 00
127,800 00
250,000 00
5,000 00
125,000 00
8,00000
225,000 00
25,000 00
7,50000
57,00000
500 00
2,983,000 00
770,000 00
60,000 00
1.000,000 00
4,50000
457 26
500 00
15 00
50,00000
5,00000
II. SECURITIES CONTROLLING UNION DEPOTS AND TER-
MINALS (TOTAL PAH, $318,720; COST TO COMPANY,
$36,096.20):
(A.) Union Depots:
Capital Stock:
St. Joseph Union Depot Co
Kansas City Union Depot Co
Atchison Union Depot Co
Leaven worth Union Depot Co
Pueblo Union Depot Co
(B.) Terminals and Bridges:
Capital Stock:
Ter. RR. Association of St. Louis. . .
10
450
9
500
$1,000 00
45,000 00
9,000 00
50,000 00
8,12000
2,056
205,600 00
Total Par Value of Foregoing 140,837,822 26
Total Cost to Company 72,048,540 20
Summary of investments in stocks, bonds, etc., by The M. P. Ry. Co. for 1900-1902:
19
00
19
01
19
02
Par Value.
Cost to Co.
Par Value.
Cost to Co.
Par Value.
Cost to Co.
Securities Owned :
Deposited for Trust 5 p. c. Bonds . . .
$
17 215 000
$
14,376000
$
17215000
$
14376000
$
17215000
$
14 376,000
Deposited for 1st Collateral Mortgage Bonds . . .
Deposited for Gold Funding Notes
Held in Company's Treasury
12,045,000
40,605,908
50270399
9,636,000
27,801,395
8254,130
12,045,000
111063324
9,636,000
47 285,96i
12,045,000
111259,102
9,636,000
' '48,000,444
Securities Controlling Union Depots, etc
293720
33596
293720
33,596
318,720
36,096
ToUk
120,430,027
60,101,121
140,617,044
71,331,557
140,837,822
72,048,540
POOR'S MANUAL — THE MISSOURI PACIFIC RY. CO.
511
18. Statement showing the resources of The Missouri Pacific Ry. Co., and their
application, year ending Dec. 31, 1902:
Resources.
Net Earnings as per Income Account $6,646,628 09
Miscellaneous Credits to Income Account: Waterloo and Carondelet Turnpike &
Ferry Co., Net Earnings, $75,778.76 ; Dividends Received. $3,393,693.23 ;
Rentals Account Leased Lines, $46,385.82 ; Sundry Amounts, $197,589.18 —
total 3,713,446 99
Increase in Liabilities During Year 1902 : Capital stock, $1,400,000 ; Interest
Accrued, not due, $12.50 ; Interest Due, not called for, $367.50 ; Due to Sundry
Railroads and Individuals, $19,075.29 ; Missouri Pacific Equipment Association
Certificates, $2,030,000 ; Advances by Directors, $6,700,000 ; Dividend No. 48,
Due Jan. 20th, 1903, $1,945,055 ; Pay Checks outstanding, $26,636.58 ; Special
Fund Accounts, Insurance, etc., $622,275.35 ; Improvement Fund 1903, $500,000
— total 13,243,422 22
Decrease in Assets During Year 1902 : Expenditures account Construction and
Projected Lines, $596,669.91 ; Due from United States War Department, Trans-
portation, $53,848.71 ; Due from Pacific Express Company, $25,424.87 ; Ad-
vances to Sundry Agents awaiting adjustment, $9,451.80 — total 685,395 29
Total $23,188,892 59
Application of Resources.
Miscellaneous Charges to Income Account : Interest paid on Bonds, $2,854,257.50 ;
Increase in Interest Accrued, not Due, $12.50 ; Increase in Interest Due, not
called for, $367.50 — Total, $2,854,637.50. Taxes, $700,361.84; Rentals, $171,-
648.72 ; Sundry Amounts, $161,473.56 ; Appropriation for Improvements to Con-
stituent Properties for Year 1902, $646,599.46 ; Appropriation for Additional
Property, and Improvements to Road and Equipment Year 1902, $310,497.29 ;
Appropriation to pay in part Improvements to Road and Equipment Year 1903,
$500,000 ; Dividends Paid and Declared, $3,855,110 — total 9,200,328 37
Increase in Assets During Year 1902 : Additions to Property, as per statement,
$3,777,813.51 ; Material and Supplies, $393,281.72 ; Investments, $716,982.86 ;
Cash on Hand and in Transit, $778,024.36 ; Due from Agents and Conductors,
$105,338.65 ; Due from United States Post Office Department, Mail Service, $10,-
751.67 ; Due from Sundry Railroads and Individuals, $732,350.89 ; Due from
Foreign Roads, overcharges, $10,671.15 ; Sundry Property Accounts, $12,277.76 ;
St. Louis, Iron Mountain & Southern Ry., Current Account, $4,872,625.89 —
total 11,410,118 4(5
Decrease in Liabilities During Year 1902 : Vouchers and Pay Rolls, $140,265.74 ;
Notes Payable, $202,560.12 ; Improvement Fund 1902, $250,000 ; Dividend No.
46, due Jan. 20th, 1902, $1,910,050 ; The Central Branch Ry., Current Account,
$75,669.90 — total 2,578,445 76
Total $23,188,892 59
14. Statement showing amounts paid to and received from other lines, account
rentals of tracks during the year 1902:
Name of Road Leased.
From
To
Miles
Leased.
AMOUNT OF RENTAL.
NET AMOUNT.
Paid.
Received.
Paid.
Received.
The Mo. Pacific Ry.:
Boonville, St. L. 4 So. Ry
Hannibal 4 St. Joseph RR.. .
K. C., St. J. 4 Coun. Bl. RR.
The Central Branch Ry . . |
Verdigris VaL,In.4W.RR. .
LeRoy4Caney Val. A. L.RR
Kansas City N.W. RR....-J
Atch., Topeka 4 S. Fe Ry. . .
Boonville, Mo
Rushville, Mo
Winthrop, Mo
Atchison, Kan. . . .
Including Joint Pr
Leroy, Kan
Roper, Kan
Kansas City. Kan
Menager Jet., Kan
Atherton
Versailles, Mo.. .
St. Joseph, Mo....
Rushville, Mo
Central Branch Jc.
operty at Atchison
Deering, Kan. . . .
Peru, Kan
Virginia, Neb
L' worth, Kan . . .
Rock Creek . .
43.95
[ 21.00
\ ..»
80.02
51.78
\ 161.65
\ 7.82
31.26
$
25,000 00
\ 10,579 18
1 7,00000
7,382 04
40,30000
26,000 00
51,187 50
4,20000
$
$
i
Chicago Great Western RR. .
St L.I. M. 4 So. Ry
Kansas City, Kan.
Term. Facilities . .
L'worth, Kan
Memphis, Tenn . .
26,385.82
20,000 00
Total
7.38204
171,648 72
46,385.82
125,262 90
The Central Branch Ry. :
The Missouri Pacific Ry. . . j
8t.Lwri»,I.M.4So.Ry.:
Little Rock Junction Ry . . .
Little Rock 4 Ft. Smith Ry .
Th« Missouri Pacific Ry
Total..
Atchison, Kan. . . .
Including Joint Pr
Little Rock, Ark .
Argenta, Ark
Term. Facilities . .
Central Branch Jc.
operty at Atchison
Argenta, Ark
Ft. Smith, Ark. . .
Memphis, Tenn . .
[ 1.89
59
171.61
26.52000
163,975 00
20,00000
210,495 00
210,495 00
335,757 90
Total All Lines
512
POOR S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
15. KAILKOADS OWNED OB LEASED BY THE MISSOURI PACIFIC RY. Co.
BOONVILLE, ST. LOUIS AND SOUTH-
ERN RY. — Boonville, Mo., to Versailles, Mo.,
43.95 miles. Leased to The Missouri Pacific Ry,
Co. for 30 years from July 1, 1880, at an annual
rental of $25,000.
FINANCIAL
STATEMENT. — Capital stock
paid in ($1.000,000 auth. ; $125 shares), $260,000;
funded debt, $400,000 — total stock and bonds,
$650,000.
CORPORATE OFFICERS. — Wm. Speed Steph-
ens, Pres. & Treas. ; A. H. Stephens, Sec., Boon-
ville, Mo. Office, Boonville, Mo.
KANSAS CITY AND SOUTHWESTERN
RY. — Mo. and Kan. State Line to Paola, Kan.,
27 m. ; total track (steel; 60, 63, and 75 IDS.),
31.80 miles.
HISTORY. — Chartered Dec. 24, 1884; road
opened Jan. 22, 1888. Leased to Kansas City and
Southwestern Ry. Co. of Mo. for 25 years from
Jan. 1, 1891 ; rental, interest on bonds, $33,000.
BALANCE SHEET, Dec. 31, 1902.— Capital
stock paid in ($700,000 auth. ; $100 shares), $276,-
000; funded debt (1st 6s of Sept. 1, 1926; auth.,
$20,000 per mile), $550,000 — total, representing
cost, etc., $826,000.
CORPORATE OFFICERS.— George J. Gould,
Pres., New York, N. Y. ; C. G. Warner, Vice-
Pres., St. Louis, Mo. ; A. H. Calef, Treas., i\ew
York, N. Y. ; F. W. Irland, Sec., St. Louis, Mo.
Office, Kansas City, Kan.
KANSAS CITY AND SOUTHWESTERN
RY. OP MISSOURI. — Cecil June., Mo., to Kan.
State Line, 20.7 m. ; total track (steel; 75 ibs.),
24.36 miles.
HISTORY. — Chartered
June 5, 1886 ; road
opened Jan. 1, 1891. This company leases the
Kansas City and Southwestern Ry. of Kan. on
terms shown in the statement for that company.
Leased to The Missouri Pacific Ry. Co. for 25
years from Jan. 1, 1891, the lessee assuming all
liabilities. Rental, interest on bonds.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock, $207,000; funded debt (1st 6s of Sept. 1,
1926; auth., $20,000 per mile), $407,000 — total,
representing cost, etc., $614,000.
CORPORATE OFFICERS. — George J. Gould,
Pres., New York, N. Y. ; C. G. Warner, Vice-
Pres. ; F. W. Irland, Treas. & Sec., St. Louis,
Mo. Office, Kansas City, Mo.
KANSAS CITY NORTHWESTERN RR --
Kansas City, Kan., to St. J. & G. I. RR. Connec-
tion, 117.1 m. ; Axtell June., Kan., to Virginia,
Neb., 32.92 m. ; H. B. Connection to St. J. & G. I.
RR. Connection, 0.02 m. ; Menager June, to South
Leavenworth, Kan., 11.61 m. — total, 161.65 m. ;
total track (steel ; 52, 56 and 75 Ibs.), 186.94 miles.
Trackage Rights : St. J. & G. I. Ry., Seneca to
Axtell June., Kan., 10.77 m. ; Missouri Pacific
Ry., South Leavenworth to Leavenworth, Kan.,
0.92 m. ; A. T. & S. F. Ry., spur at Soldiers' Home,
Kan., 0.79 m. — total, 12.48 miles. Total mileage
operated, 1st track, 174.13 miles.
ROLLING STOCK. — The company owns 16 pas-
senger cars, 3 combination cars, 4 baggage and
mail cars, 386 freight cars (249 box, 2 stock, 112
coal, and 23 fiat), and 12 service cars.
HISTORY. — Chartered Dec. 20, 1893, as succes-
sor to the Kansas City, Wyandotte and North-
western RR. Co. (see Manual for 1894, page 212,
and Manual for 1895, page 883). The Kansas City
and Beatrice RR., extending from Summerfteld,
Kan., to Virginia, Neb., 20.65 miles, was absorbed
on Jan. 1, 1897. Operated by The Missouri Pacific
Ry. Co. under a lease effective Jan. 1, 1901, at a
rental of the interest on the outstanding Series
A bonds. The tracks of the St. Joseph and
Grand Island RR., from Seneca to Axtell June.,
Kan., 10.77 m., are used at a monthly rental of
$445.83 and proportion of cost of maintenance.
The spur track of The A., T. & S. F. Ry. at Sol-
diers' Home is used at a monthly rental of
$20.01 and proportion of cost of maintenance. The
cost of using Mo. Pac. tracks at Leavenworth is
$10 a month rent, and trackage of 60 cents for
every loaded train and 25 cents each for empty
trains, besides proportion of expenses of hand-
ling warehouse freight on basis of total freight
handled by both companies, and $1 per car on
cars sent to warehouse and team tracks.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock ($100 shares), $4,016,000; funded debt (1st
gold 5s of Jan. 1, 1933 — Series A, $1,032,500 ; Series
B. $2,983,000; fractional scrip, $4,232.08), $4,010.-
732.08 — total, representing cost of property, $8,-
026,732.08.
The Missouri Pacific Ry. Co. owns the capital
stock, the issue of Series B bonds and the frac-
tional bond scrip.
CORPORATE OFFICERS. — George J. Gould,
Pres., New York, N. Y. ; C. G. Warner, Vice-
Pres., St. Louis, Mo. ; A. H. Calef, Sec. & Treas.,
New York, N. Y. Office, Kansas City, Kan.
LE ROY AND CANEY VALLEY AIR-
LINE RR — L. & C. Vy. June., near Roper, to
Peru June., Kan., 51.78 m. ; total track (steel; 60
Ibs.), 54.20 miles.
HISTORY. — Chartered June 10, 1885; road
opened Jan. 1, 1887. Leased to the Missouri Pa-
cific Ry. Co. for 40 years from Oct. 31, 1886, at
annual rental of $500 per mile, together with all
taxes, maintenance expenses, etc. Rental for
1902, $26,000, which was paid as interest on bonds.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock paid in ($1,000,000 auth.; $100 shares),
$540,000; funded debt (1st 5s of July 1, 1926, auth.,
$10,000 per mile), $520,000 — total, representing
cost, etc., $1,060.000. The bonds are guaranteed by
The Missouri Pacific Ry. Co.
CORPORATE OFFICERS. — Geo. J. Gould.
Pres., New York, N. Y. ; J. H. Richards, Vlce-
Pres., Ft. Scott, Kan.; A. H. Calef, Treas., New
York, N. Y. ; F. W. Irland, Sec., St. Louis, Mo.
Office, Fredonla, Kan.
SEDALIA, WARSAW AND SOUTH-
WESTERN RY — Sedalia to Warsaw, Mo.,
43.23 m. ; total track (steel; 62 to 76 Ibs.), 44.71
miles.
HISTORY. — Reorganization, April 7, 1891, of
the Sedalia, Warsaw and Southern Ry. Co. (see
Manual for 1898, page 562). Operated by the
Missouri Pacific Ry. Co., under a lease effective
Jan. 1, 1901.
ROLLING STOCK. — The company owns 39 cars
(2 passenger, 11 box, 16 flat, 8 stock, 1 coal and
1 work).
FINANCIAL STATEMENT. — Capital stock,
$516,000, representing cost of property. The Mis-
souri Pacific Ry. Co. owns the entire capital
stock.
CORPORATE OFFICERS. — Geo. J. Gould,
Pres. ; A. H. Calef, Treas., New York, N. Y. ; F.
W. Irland, Sec., St. Louis, Mo. Office, St. Louis,
Mo.
VERDIGRIS VALLEY, INDEPENDENCE
AND WESTERN DIV. (Kansas and Colo-
rado Pacific Ry.) — V. V., I. & W. June, to
Deering June., Kan., 80.62 m. ; total track, (steel ;
56 to 75 Ibs.), 92.35 miles. The Verdigris Valley.
Independence and Western RR. Co. (chartered
VI ay 6, 1885 ; road opened Jan. 1, 1887) was on
Jan. 1, 1891, consolidated with eleven other com-
>anies, forming the Kansas and Colorado Pacific
tly. Co., now a proprietary line of the M. P. This
division is leased to The Missouri Pacific Ry.
o. for 40 years from Sept. 27, 1886, at an annual
rental of $500 per mile, with taxes, maintenance,
etc. There are outstanding secured upon it
$806,000 ($10,000 per mile auth.) 1st gold 5s of
March 1, 1926.
Railroad Map of Utah, Colorado, Arizona and New Mexico.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 179B
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
,}) THEO. H. FREELAND, PRESIDENT
6 WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 19C8, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1903.
UTAH, COLORADO, ARIZONA AND NEW MEXICO.
Railroad Map of Utah, Colorado, Arizona and New Mexico.
THE TARIFF:
ITS BEARING UPON THE INDUSTRIES AND POLITICS OF THE
UNITED STATES.
By HENRY V. POOR,
Author of "Resumption and the Silver Question," "Money and Its Laws,"
" History of Railroads," Etc., Etc.
Pp. 121. 8vo. Paper. Price, 25 Cents.
SYNOPSIS OF .CONTENTS:
i.
n.
in.
IV.
v.
VI.
VII.
VIII.
IX.
XI.
XII.
XIII.
XIV.
XV.
XVI.
The Indictment to be Answered.
The Tonnage of our Railroads a Measure
of Industrial Growth.
Railroad Mileage, Tonnage and Earnings.
1366-1890.
Effect of Railroad Development upon
Prices and Prosperity.
The Extraordinary Increase in our Rail-
road Tonnage.
The Production and Prices of Iron and
Steel, 1866-1890.
The Effects of the Tariff upon our Iron
and other Industries.
The Free Trader's Argument Analyzed.
Free Trade would Destroy our Balance
of Trade.
The Advance in the Price of Labor.
As Shown by Edward Atkinson.
Annual Average .. Export Prices of
Domestic Commodities, 1877-90.
Annual Average Prices of Grain, Gro-
ceries and Provisions, 1877-90.
Annual Average Prices of Cotton and
Cotton Manufactures, 1877-90.
Rates of Wages in Great Britain and the
United States as complied by Carroll
D. Wright.
The "American Colonies and the Mother
Country.
The First Tariff Act.
Mr. Madison's Argument for Protection.
Washington's Argument for Protection.
Hamilton's Report on Manufactures.
The Tariff Act of 1816.
John C. Calhoun's Argument for Pro-
tection.
Thomas Jefferson's Argument for Pro-
tection.
The Tariff of 1824.
Andrew Jackson's Argument for Pro-
tection.
Slavery Antagonizes Protection.
The Attitude of South Carolina in 1824
and 1827.
Gene ral Jackson on the Tariff Act of 1828.
Mr. Madison Sounds the Alarm.
The Tariff of 1833.
The South Carolina Nullification.
Mr. Clay's Compromise Tariff.
Meaning and Effect of Nullification.
Jackson's War upon the Bank.
The Government Reduced to a Nullity.
XVII. The Catastrophe of 1837.
XVIII. The Monetary History of the Period.
XIX. The Despotism of Slavery Estab-
lished.
XX. The Principles of the New Democ-
racy, Martin Van Buren.
XXI. The Democratic Party in 1840.
XXII. The Consequences of the Compro-
mise Tariff.
XXIII. President Tyler.
XXIV. President Polk and the Tariff.
XXV. Secretary Walker's Report.
XXVI. The Fallacies of the Report Exposed.
XXVII. English Opinion of the Walker
Report.
XXVITI. The Tariff of 1846.
XXIX. The Discovery of Gold.
XXX. The Balance of Trade under the
Tariff of 1846.
XXXI. The Effects of Free Trade as Shown
by Experience.
XXXII. Our Monetary Experience under an
Adverse Balance of Trade.
XXXIII. The Instruments of Destruction.
XXXIV. Two Democratic Heresies Aban-
doned.
XXXV. The Surrender to the South.
XXXVI. Mr. Beaton's Review of the Era
of Democratic Ascendancy.
XXXVII. The Election of 1848.
XXXVIII. Franklin Pierce and the Democratic
Platform of 1852.
XXXIX. James Buchanan and his Platform.
XL. The Financial Convulsion of 1857 the
Direct Result of Democratic
Policy.
XLI. The Democratic Disintegration in
1860.
XLII. Secession and Rebellion.
XLIII. The Tariff of 1857.
XLIV. The South Pays her Penalty.
XLV. The First Republican Tariff.
XLVI. Democratic Tariff Platforms Since
the War.
XLVII. President Cleveland's Tariff Mes-
sages Analyzed.
XLVIII. The Democratic Tariff Plank of 1892.
XLIX. The Meaning of this Second Declara-
tion of Nullification.
L. The Supremacy of Law or the Supre-
macy of the Mob the Issue before
the American People.
, 25 OETVTS.
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POOR'S RAILROAD MANUAL CO.
68 William St., New York City.
Or, may be ordered through any bookseller.
POOR S MANUAL — THE MISSOURI PACIFIC SYSTEM.
513
16. Board of Directors, The Missouri Pacific Ry. Co., elected March 10, 1903.
Oeo. J. Gould. .. New York.N.Y. I Howard Gould.. .New York.N.Y.
Russell Sage — " " Frank Jay Gould
Edwin Gould
James H. Hyde.
J.D.Rockefeller.Jr.
Samuel Sloan...
E. P. Prentice..
Fred T. Gates.
C. G. Warner... St. Louis, Mo.
Russell Harding..
W. K. Blxby
GEORGE J. GOULU, President 195 Broadway, New York, N. Y.
Frank Jay Gould, V ice-President .... " " "
C. G. Warner, Vice-President St. Louis, Mo.
Russell Harding, V 'ice-President and Gen. Manager " "
A. C. Bird, V ice-President Chicago, 111.
Sec. d Treas. — A. H. Calef New York, N. Y.
General Auditor — S. B. Schuyler..St. Louis, Mo.
Local Treas. — D. S. H. Smith St. Louis, Mo.
General Solicitor — Alexander G. Cocbran,
St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
1. Main Line:
THE MISSOURI PACIFIC SYSTEM.— THE CENTRAL BRANCH RY. CO.
Land Grant Division: Atchison, Kan., to Waterville, Kan. 100.00 miles.
West Division: Waterville, Kan., to Lenora, Kan 193.39
Washington Branch: Greenleaf, Kan., to Washington, Kan 7.00
Republican Valley Branch: Yuma, Kan., to Warwick, Kan 30.80
Jewell Branch: Downs, Kan., to Alton, Kan 23.60
South Solomon Branch: Jamestown, Kan., to Burr Oak, Kan 33.40
Total length of railroad, Dec. 31, 1902 388.19 miles.
2d track, 0.80 m.; sidings, 52.19 miles. Gauge, 4 ft. 8y2 in. Rail (steel, 332.13 m.),
52, 56, 60, and 63 Ibs.
2. History. — Incorporated July 7, 1899, as successor to the Central Branch Union
Pacific, Atchison, Colorado and Pacific, and Atchison, Jewell County and Western RR.
Cos., in pursuance of the plan of reorganization outlined on page 1409 of the MANUAL
for 1899. Controlled by The Missouri Pacific Ry. Co., through ownership of the entire
capital stock.
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 21. Cars — passenger. 13; baggage,
mail, and express, 9; freight (box, 707; flat, 13; stock, 68; coal, 38; caboose, 18), 844;
service, 80 — total, 946.
4. Operations, year ending Dec. 31, 1902. — For statistics of train mileage and
traffic operations see statement on page 502.
Pas*
Freig
Mail.
EARNINGS.
enger
LAND GRANT
Div.
$
. 91,024 07
WEBT
Div.
$
140,628 84
TOTAL.
$
231,652 91
EXPENSES.
Transportation ....
LAND GRANT
Div.
$
. 94,354 98
WEST
Div.
$
159,675 91
TOTAL.
I
254,030 89
ght
. 368,925 29
343,305 20
712,230 49
Motive Power
. 116,943 99
164,481 56
281,425 55
17564 94
30775 20
48,340 14
Maint. of Wav
57,714 78
168 835 74
226550 52
11 836 69
11,050 30
22,886 99
Maint. of Cars.
21,831 33
4,678 77
26510 10
70555 79
6 125 97
76681 76
15 843 82
15882 89
31 726 71
Totals
559906 78
531885 51
1,091,792 29
Totals
. 306688 90
513 554 87
820 243 77
Totals per Mile.
5,599 07
1,845 61
2,812 52
Totals per Mile.
3,06689
1,782 00
2,112 99
Net earnings (33.16 p. c.), $271,548.52; add track rentals, $7,382.04; sundry re-
ceipts, $82.23 — total, $279,012.79. Payments: Interest on bonds, $238,360; taxes,
$90,443.12; miscellaneous payments, $514.54 — total, $329,317.66. Deficit, $50,304.87;
appropriation account of improvements, $26,098.34 — total, $76,403.21. Surplus to Dec.
31, 1901, $123,054.11; add amount refunded account of appliances for box cars, charged
in account during 1901, $7,750 — total, $130,804.11. Surplus Dec. 31, 1902, $54,400.90.
5. General Balance Sheet, December 31, 1902.
Capital Stock ($100 shares) $7,585,00000
Funded Debt (see below) 6,959,00000
Cost of Road and Equipment $13,544,000 00
Real Est. ($988.02) and Lands Purch'd. 25,666 76
Investments 1,00100
Sundry Accts. Collectible (U.S.Gov.). 32,467 39
Due from the Mo. Pac. Ry. Co. (Cur-
rent Account) 65.22908
Total Assets $13.668,36423
Interest Due and Uncalled for.
Interest Accrued, but not Due. .
Profit and Loss
3,980 00
65,983 33
54,400 90
Total Liabilities $13,668,364 23
514
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
6. Funded Debt. — The funded debt outstanding on Dec. 31, 1902, consisted of $2,500,000
C. B. U. P. Ry. 1st gold 4s of June 30, 1948, secured on the line from Atchison to Waterville, Kan.,
100 miles ; and $3,459,000 C. B. Ry. 1st gold 4.s of Feb. 1, 1919, secured on the lines west of
Waterville, Kan., 288.19 miles. The C. B. Ry. bonds (1st 4s of 1919) are guaranteed by the Mis-
souri Pacific Ry. Co., both as to principal and interest, the guaranty being endorsed upon the bonds.
7. Directors (elected March 17, 1903).— C. G. Warner, St. Louis, Mo.; B. P. Wag-
gener, Jas. W. Orr, C. M. Rathburn, Atchison, Kan.; Lawrence Greer, H. B. Henson,
C. E. Satterlee, New York, N. Y.
C. G. WARNER, President St. Louis, Mo.
H. B. Henson, V ice-President New York, N. Y.
Sec. & Trcas. — A. H. Calef New York, N. Y. I Asst. Sec. & Asst. Treas. — D. S. H. Smith,
| St. Louis, Mo.
PRINCIPAL OFFICES St. Louis, Mo., and Atchison, Kan.
THE MISSOURI PACIFIC SYSTEM.— ST. LOUIS, IRON MOUNTAIN AND
SOUTHERN RY. CO.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Detailed Inc. & Surplus Acct. 4a
Directors and Officers 14
Earnings, Expenses, etc 4
Funded Debt, Details of 9
Gen. Bal. Sheet, Dec. 31, 1902. 6
Gen. Inc. Acct., Dec. 31, 1902. 4
History 2
Investments, Statement of . . 7
Iron Mtn. Car Trust, Dec.
31, 1902 12
Land Department 11
Leased Lines, Statement of. 13
Mileage Operated 1
Operations, 1901-1902..... 4
Resources and their Applica-
tion 5
River & Gulf Div. Mtge 9a
Rolling Stock 3
Securities Deposited with
Trustee, Covered by Uni-
fying and Refund. Mtge. . , 10
1. Mileage Operated, Dec. 31, 1902.— A. LINES OWNED (total, 1,092.85 miles).
Main Line: St. Louis, Mo., to Texarkana, Ark 490.19 miles.
Fourth Street Spur: H. B. Connection to 4th St. Depot, St. Louis, Mo 0.30 '
Kirkwood Branch Connection: K. B. Conn, to Carondelet, Mo 0.39 "
Potosi Branch: Mineral Point to Potosi, Mo 3.72 "
Belmont Branch: Bismarck to Belmont, Mo 120.30 "
Jackson Branch: Allenville to Jackson, Mo 16.31
Cairo Branch : Poplar Bluff to Birds Point, Mo 70.77
Doniphan Branch : Neeleyville to Doniphan, Mo 20.50 '
Helena Branch : Knobel to Helena, Ark 140.14
White River Branch : Diaz to Cushmans, Ark 39.39 "
Memphis Branch: Bald Knob, Ark., to Memphis Bridge 88.94
Camden Branch: Gurdon to Camden, Ark 33.65
Fort Smith Branch: State Line to Greenwood, Ark 17.63
Kiver Track: E. Conn, to Union Depot, Little Rock, Ark 1.22
Ouachita Branch : Trippe Junction to Warren, Ark 49.40
B. PROPRIETARY ROADS — ENTIRE STOCK OWNED (total, 336.01 miles).
Camden and Alexandria Ry.: Camden to Eldorado, Ark 32.48
Little Rock, Miss. River t€ Texas Ry.: Little Rock to Arkansas City, Ark. . 113.05
Houston, Central Ark. d No. RR.: McGehee Jc., Ark., to T. & P. Ry. Jc., La. 190.48
C. LINES LEASED FOR SPECIFIC RENTALS (total, 341.17 miles).
Kansas and Arkansas Valley Ry. (see appended statement, Sec. 14) 170.64
Little Rock and Fort Smith Ry. (see appended statement. Sec. 14) 168.87
Little Rock Junction Ry.: Argenta Junction to E. Little Rock, Ark 0.59
Iron Mountain RR. of Memphis: Memphis, Tenn 1.07
D. TRACKAGE RIGHTS (total, 3.74 miles).
Memphis Bridge and Approaches 2.17
Texas and Pacific Ry.: T. & P. Ry. Junction to Alexandria, La 0.18
Van Buren Bridge: St. L. & S. T. June, to Van Buren June., Ark 1.39
Total length of lines operated, Dec. 31, 1902 1,773.77 miles.
2d track, 10.27 m. ; sidings (owned and proprietary, 472.58 m. ; leased and trackage, 83.38
m.), 555.96 miles. Gauge, 4 ft. 8% in. Rail (steel, owned, 1,910.35 m.; leased, 422.44
m.), 52 to 76 Ibs.
POOR S MANUAL — THE MISSOURI PACIFIC SYSTEM.
515
2. History. — Consolidation, May 6, 1874, of the St. Louis and Iron Mountain
RR. Co., the Arkansas Branch RR. Co., the Cairo and Fulton RR. Co. and the Cairo,
Arkansas and Texas RR. Co. (See MANUAL for 1899, page 806.) The proprietary-
roads are practically owned by the company, and are fully incorporated with its rail-
road. The company owns all the securities of the Kansas and Arkansas Valley Ry.
Co., 99.7 p. c. of the capital stock of the Little Rock and Fort Smith Ry. Co., and
89J4 p. c. of the capital stock of the Little Rock Junction Ry. Co. The securities
of the Iron Mountain RR. Co. of Memphis are owned by The Missouri Pacific Ry. Co.
River and Gulf Divisions. — After the close of the fiscal year the company absorbed the
St. Louis Valley Ry. Co., the White River Ry. Co., the Memphis, Helena and Louisiana
Ry. Co., and the Memphis, Helena and Louisiana RR. Co. The St. Louis Valley Ry. Co.
(see MANI-AI. for 1902, page 1515) owned a railroad from East St. Louis to Thebes, 111.,
from Fordyce, 111., to the Big Muddy Coal Fields and two short branches in St. Clair
County, 111., a total of 152.2 miles of road, besides terminal and ferry properties at
St. Louis, East St. Louis and Thebes. The White River Ry. is under construction from
Batesville, Ark., to Carthage, Mo., a distance of 248 miles; and the Memphis, Helena
and Louisiana roads are under construction from West Memphis, Ark., to Clayton, La.,
a distance of 274 miles. This company purposes to construct an extension of the White
River line from Batesville to West Memphis, and to build connecting links between the
St. Louis Valley line and the Memphis, Helena and Louisiana roads. To pay for the
lines acquired, and to provide for the construction or acquisition of extensions and
branches, and for betterments, equipment, etc., a mortgage has been executed to secure
an aggregate of $50,000,000 bonds secured by first mortgage on the properties acquired
or to be acquired with their proceeds (see Sec. 9a). Upon the completion of the work
now in progress or in contemplation a new and short line will be formed from St. Louis,
along the east side of the Mississippi River, to the bridge now being built at Thebes,
111., and on the west side of the river, via West Memphis, to a connection with the
Texas and Pacific Ry. at Clayton, La.; and a diagonal line will be formed from West
Memphis, via the White River Valley, to a connection with the Missouri Pacific Ry.
at Carthage, Mo. The former will shorten the distance between St. Louis and New
Orleans and the latter the distance between Kansas City and Memphis.
The St. L., I. M. & S. Ry. Co. owns more than 99.9 p. c. of the capital stock and
all the bonds of the Arkansas and Louisiana Ry. Co., more than 99 p. c. of the capital
stock of the Arkansas Midland RR. Co., all the capital stock of the Little Rock, Hot
Springs and Western RR. Co., all the capital stock and all the bonds of the Mississippi
River, Hamburg and Western Ry. Co., and about 93 p. c. of the capital stock and 80
p. c. of the bonds of the New Orleans and Northwestern Ry. Co. The properties of
those companies are operated separately by their own organizations, and separate state-
ments for them will be found elsewhere in the MANUAL (see GENERAL INDEX).
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 327. Cars— passenger, 65; bag-
gage, mail, and express, 86; freight (box, 6,438; flat, 1,396; stock, 1,232; coal, 1,431;
ore, 62; granite, 56; refrigerator, 299; furniture, 999; caboose, 176), 12,089; service,
1,425 — total, 13,665. Of this equipment, 186 locomotives, 34 passenger train cars, 9,730
freight cars, and 409 service cars are held under car trust (see details in Sec. 9).
4. Operations, year ending Dec. 31, 1902. — For statistics of train mileage and
traffic operations, see page 502.
EARNINGS.
Passenger
Freight 13.104,756 46
Mail... 475.42092
Express 398,34538
Miscellaneous 386,367 19
1901 1902
$2.596,131 02 $2,659,101 05
13,650,349 80
495,077 16
420,859 31
414,591 03
Totals $16,961.020 97 $17,640,578 44
TotalsperMUe 9.56213 9.94525
1901 1902
$4,050,272 61 $4,507,093 39
EXPENSES.
Conducting Transportation
Motive Power 2.990.655 44 3,339,078 81
Maintenance of Way 1,853, 145 53 1,934,029 88
Maintenance of Cars 744.721 53 814.912 76
General Expenses 377,278 02 411.143 40
Totals $10,010.073 13 $11,006.258 24
TotalsperMUe 5.64677 6,20501
616
POOR S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Net earnings, 1902 (37.61 p. c.), $6,634,320.20; add receipts from interest and
dividends, $1,257,678.93; sundries, $16,928.17 — total, $7,908,927.30. Deductions: Interest
on bonds, $3,170,530.85; taxes, $332,568.94; rentals of leased roads, $210,495; sundry
charges, $393,527.37; dividend paid (6 p. c.), $2,578,831.50— total, $6,685,953.66. Sur-
plus, $1,222,973.64.
4ft. Detailed Income and Surplus
Net Earnings brought down . . .
DIVIDENDS RECEIVED:
Amer. Ref rig. Transit Co
I. M. Car Trust Certificates ..
Int. on Gen. Con. Ry.AL'd
Gr. Mtge. Bds. held in Tr. . .
Int. on 1st. Mtge. Bds. Ark. &
Louis. Ry. held in Treasury
Int. on 2d Mtge. In. Bonds,
Texas & Pacific Ry., held
in Treasury 1,113,80000
Int. on 1st Mtge. Bds. So.
Illinois & Mo. Bridge Co. . .
The Missouri Pac. Ry. Co
St. Louis & Miss. V. Trans.Co
Capital Stock and BondsArk.
4 La. Ry
Capital Stock 4 Bds. Miss.Rv.
Hamburg 4 West Ry.
Cap. Stock Ark. Midland RR..
Capital Stock New Orleans 4
Northwestern RR
Sundry Amounts:
Unclaimed Wages, Coupons,
etc
Account, year ending December 31, 1903.
$ ACCRUED INTEREST ox BONDS: $ $
6,634,320 20 Gen. Con. Ry.4Land Gr. M. . 2,166,537 50
1st Preferred Income 2,653 35
35,051 55 Unifying 4 Refunding Four
240 00 PerCent. Gold 1,001,340 00— 3,170,530 85
Taxes:
2,10000 Prior to 1902 209,21810
ForYearl902 123,35084— 332,56894
9,600 00 Rentals, Acct. Leased Roads :
Little Rock Junction Ry .... 26,520 00
Little Rock 4 Ft. Smith Ry.. . 163,975 00
Iron M. RR. of Memphis .... 20,000 00— 210,495 00
Sundry Amounts:
800 00 U. S. Gov. Deductions ac-
75 00 count Land Grant 3,662 44
2,098 60 Interest and Exchange 18,827 14
Discount and Premium 107,764 08
10,611 48 Statistical Expense Account.. 6,241 58
Baring Cross Bridge Exp 51,700 00
30,387 37 Car Trust Expenses 178,485 00
31,891 15 SubscriptionstoY.M.C.A.b'K 13,000 00
Statutory Fees paid ace. in-
21,023 78— 1,257,678 93 crease in Cap. Stk., Ark ... 25 00
Depreciation in Invest, in Cap
Stk., St. L. Exposition and
16,928 17 Music Hall Association. . . . 5,000 00
Balance Deficit White Rv.Ry.
at Dec. 31st, 1902 8,822 13— 393,527 37
Surplus Applicable to Divi-
dend for Year 1902 3,801,805 14
Surplus Applicable to Dividend
for Year 1902. . .
Net Surplus for Year 1902
Balance of Income Account Jan-
uary Irt, 1902
7,908,927 30
3,801,805 14
3,801,805 14
1,222,973 64
5,128,261 33
Dividend No. 8, Paid:
Amount paid on Cap. Stk. ex-
changed for Cap. Stk. of
The Miss. Pac. Ry. Co
Amount paid on Capital Stock
held by others
Net Surplus for Year 1902. . . .
Appropriation for Improveai'ts
to Independent Properties
for Year 1902
Appropriation for Additional
Property, 4 Imp. to Road 4
Equipment, Year 1902
Appropriation to pay in part.
Improvements to Road and
Equipment, Year 1903 ......
Balance to Credit of Income Ac-
count, Dec. 31st, 1902
7,908,927 30
2,573,379 00
5,452 50— 2,578,831 50
1,222,973 64
3,801,805 14
16,761 05
023,665 21
500,000 00
5.210,808 71
6,351,234 97 6,351,234 97
6. Statement showing resources of the St. Louis, Iron Mountain and Southern
Ry., and their application, year ending Dec. 31, 1902:
Resources.
Net earnings as per Income Account $6,634,320 20
Miscellaneous Credits to Income Account : Dividends received, $1,257,678.93 ; Sundry
amounts, $16,928.17 — total 1,274,607 10
Increase in Liabilities During Year 1902 : Unifying and Refunding Mortgage Bonds,
$1,531,000 ; Interest Accrued, not Due, $28,807.50 ; Accrued Rentals, Guaran-
teed, $147.50 ; Due to Sundry Railroads and Individuals, $37,624.56 ; Car Trust
Obligations, $1,088,000 ; Improvement Fund, 1903, $500,000 ; The Missouri Pa-
cific Railway Co., Current Account, $4,872,625.89 — total 8,058,205 45
Decrease in Assets During Year 1902: Value of Lands in Arkansas (account sales),
$161,787.07; Value of Lands In Missouri (account sales), $10,864.29; Due
from Sundry Railroads and Individuals, $3,357.20 ; Arkansas Land Grant Ac-
counts, $35,805.61 ; Due from Little Rock & Fort Smith Ry. Co., $544.43 — total. 212,358 60
Total $16,179,49135
Application of Resources.
Miscellaneous Charges to Income Account : Interest paid on Bonds, $3,170,530.85 ;
Taxes, $332,568.94 ; Rentals, account Leased Lines, $210,495 ; Sundry Amount*,
POOR'S MANUAL — THE MISSOURI PACIFIC SYSTEM.
617
$393,527.37 ; Appropriation for Improvements to Independent Properties, $16,-
761.05 ; Appropriation for Additional Property, and Improvements to Road and
Equipment, Year 1902, $623,665.21 ; Appropriation to pay in part Improve-
ments to Road and Equipment, Year 1903, $500,000 ; Dividends Paid, $2,578,-
831.50 — total $7,826,379 92
Increase in Assets During Year 1902 : Additions to Property, as per statement,
$2,982,467.83 ; Expenditures Account Construction and Projected Lines,
$3,390,714.29 ; Investments, $796,224.62 ; Cash, $129,150.40 ; Bills Receivable,
$1,750; Missouri Land Grant Accounts, $1,238.21 — total 7,301,545 35
Decrease in Liabilities During Year 1902 : General Consolidated Railway and Land
Grant Mortgage Bonds, $145,000 ; Interest due, not called for, $13,990 ; Bills
Payable, $142,576.08; Improvement Fund, 1902, $750,000 — total 1,051,56608
Total .$16,179,491 35
6. General Balance Sheet, December 31, 1902.
Cost of Road, Equipment, etc . .
United States Land Grants:
Value of Lands in Arkansas. .
Value of Lands in Missouri.. . .
Inv'tmenta in Stocks A Bonds.. .
Expenditures Acct. Surveys A
Construction Projected Lines
Arkansas Land Grant Accounts:
Arkansas Trust Land Notes.. .
Taxes Due from Purchasers . .
G. A. A. Deane, Land Com-
missioner
Cash in hands of Mercantile
Trust Company.
Missouri Land Grant Accounts:
Missouri Land Grant Notes. . .
Taxes Due from Purchasers. ..
Cash:
In hands of Treasurer
Sundry Accounts Collectible:
Bills Receivable
Due from Sundry Railroads ft
Individuals
Amounts Due:
From Little Rock Jet. Ry . . .
From Little Rock A Ft.Smith
Ry
75,172,495 35
1,098.658 33
1,751 64— 1,100,409 97
28,698,363 77
3,709,000 41
180,271 96
628 55
20,900 58
17,067 86— 218,868 95
4,839 54
143 59—
1,750 00
' 14,065 99-
4,983 13
680,016 64
15,815 99
5,376 15
325,545 11— 330,921 26
109,930,875 47
Capital Stock:
St. Louis, Iron Mountain &
Southern Ry
St. Louis A Iron Mt. UR
Cairo, Arkansas & Texas RR.
Cairo 4 Fulton RR
Funded Debt:
Funded Debt
General Consolidated Ry.and
Land Grant Mortgage Bond
Scrip
Car Trust Obligations
Interest Due and Accrued :
Due and uncalled for
Accrued but not due
Accrued Rentals Guaranteed:
Little Rock Junction Ry ....
Little Rock A Ft. Smith Ry.. .
Accounts Payable:
Notes Payable, as p. statem't.
Due to Sundry Railroad Com-
panies A Individuals
Improvement Fund, 1903
Due to The Missouri Pacific Ry.
Co
Balance of Income Account De-
cember 31, 1902
25,788,435 00
500 00
125 00
6,650 00—25,795,710 00
69,026,115 00
882 36-69.026,997 36
2,829,000 00
20,443 15
1.057,948 35— 1,078,391 50
6.55500
84,862 05— 91,417 05
125,942 20
46,271 63— 172.213 83
500.00000
5,226,337 02
5,210,808 71
109,930,875 47
7. Statement showing investments in stocks, bonds, etc., Dec. 31, 1902:
Securities Owned by the Company.
A — Deposited as security for unifying and refunding bonds (for details see Sec. 10).. $41, 058, 300 00
B — Deposited as security for general consolidated and refunding railway and land
grant bonds (total cost to company, $666,464.87) :
Capital Stock — Arkansas Midland RR. Co 1,490,700 00
Brinkley, Helena and Indian Bay RR 124,875 00
C — Held in the company's treasury ( total par, $4,478,362.36 ; cost to company,
$1,255,095.27) :
Capital Stock — Little Rock and Fort Smith Ry. Co .' 11,200 00
Little Rock Junction Ry. Co 800 00
Little Rock, Mississippi River and Texas Ry. Co 1,576,200 00
Camden and Alexandria Ry. Co 324,800 00
The Missouri Pacific Ry. Co 1,500 00
Arkansas and Louisiana Ry. Co 300 00
Texas and Pacific Ry. Co 680,000 00
Exposition and Music Hall Association 5,000 00
Woodson Transportation Co 13,000 00
American Refrigerator Transit Co 200 00
Little Rock and Hot Springs Western RR. Co 1,140,000 00
Southern Illinois and Missouri Bridge Co 10,000 00
Mississippi River, Hamburg and Western Ry. Co 700 00
New Orleans and Northwestern Ry. Co 900 00
Securities with E. G. Merriam, Trustee 250,000 00
White River Ry. Co 248,000 00
1st Mtge. Bonds — Southern Illinois and Missouri Bridge Co 60,000 00
Arkansas and Louisiana Ry. Co. (unissued) 144,000 00
Bonds — St. L., I. M. & S. Ry. gen. con. railway and land grant bonds 7,000 00
Scrip — St. L., I. M. & S. Ry. gen. con. railway and land grant 762 36
Car Trust Certificates — Iron Mountain Car Trust 4,000 00
Securities Controlling Use of Joint Facilities
Capital stock. Terminal RR. Association of St. Louis 205.600 00
Total par value $47,357,837 36
Total cost to company 28.673,823 66
8. Capital Stock. — The authorized capital stock amounts to $80,000,000, In $100 shares.
The Missouri Pacific Ry. Co. owns $25,733,790 of the outstanding capital stock.
518
POORS MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
9. Funded Debt. — The funded debt outstanding on Dec. 31, 1902 — total, $69,026,115, as per
general balance sheet — consisted of the following issues (additional particulars will be found in the
Ready Reference Bond List — see General Index) :
f 43,262,OOO gen.consol. railway and land grant
gold 5s of April 1, 1931, secured as a direct first
lien on all the property and franchises of the
company. Additionally secured by deposit of the
capital stock of the Arkansas Midland RR. Co.
owned by this company (see Sec. 9). Bonds num-
bered from 11,001 to 18,000, inclusive, are guar-
anteed by the Missouri Pacific Ry. Co., both as
to principal and interest, the guaranty being in-
dorsed on the bonds.
937,905 Isf preferred income cumulative gold
7s of April 1, 1911.
?25,72(>,OOO unifying and refunding gold 4s of
July 1, 1929, secured on the entire property and
assets of the company, whether now owned or
acquired hereafter by issue of bonds secured by
the same mortgage, but subject to the lien of the
general consolidated railway and land grant
mortgage on the property and franchises covered
by that mortgage. There are deposited with the
trustee of the mortgage as additional security
for the bonds issued thereunder securities of
other companies to the amount of $41,058,300, as
shown in detail in Sec. 10. The amount of bonds
authorized in the mortgage is $40,000,000. The
$14,274,000 of bonds unissued on Dec. 31, 1902, were
reserved for the following purposes : $1,771,000
for the acquisition (at the rate of $650 for every
$1,000) of the outstanding 2d mtge. bonds of the
Texas and Pacific Ry. ; $4,500,000 for the acqui-
sition of $2,342,500 1st mtge. bonds and $3,020
coupon scrip of the Little Rock and Fort Smith
Ry., $435,000 1st consol. mtge. bonds of the Little
Rock Junction Ry., $200,000 1st mtge. bonds of
the Baring Cross Bridge Co. and $558,000 of Iron
Mountain car trust certificates ; and $8,003,000 for
the construction or acquisition of extensions, this
lot to be issued at not exceeding the rate of
$12,000 per mile of such extensions.
J)a. River and Gulf Divisions First Mortgage. — To pay for the properties acquired
from the St. Louis Valley Ry. Co., White River Ry. Co., Memphis, Helena and Louisiana Ry. Co.,
and Memphis, Helena and Louisiana RR. Co., and to provide the means for completing and develop-
ing those properties, so as to form a system from St. Louis along the Mississippi River to a connec-
tion with the Texas and Pacific System at Clayton, La., and from Memphis to a connection with the
Missouri Pacific System at Carthage, Mo., the company executed a mortgage in favor of the Mercan-
tile Trust Co. of New York, N. Y., and William K. Bixby, of St. Louis, Mo., as trustees to secure an
issue of bonds to the amount of $50,000,000. The mortgage covers the properties acquired or to be
acquired with their proceeds, as well as the entire issue of 1st mortgage bonds of the Union Ry. Co.
of Memphis, Tenn., and of the Western Coal and Mining Co. of Missouri. The bonds are dated May 1,
1903, and will mature on May 1, 1933. Interest is at the rate of 4 p. c. per annum, payable on May
1 and Nov. 1. Principal and interest are payable in gold, free of all taxes, at the office or agency of
the company in the city of New York. The bonds are in coupon form for $1,000 each, or in regis-
tered form for $1,000 or multiples of $1,000. Coupon bonds may be registered as to principal alone,
or they may be exchanged for fully registered bonds ; and registered bonds also may be exchanged
for coupon bonds. The bonds were authorized to be issued for the following purposes : $1,000,000
for the acquisition of $1,000,000 1st mtge. bonds of the Union Ry. Co. of Memphis, of which
$148,000 have been already acquired and $852,000 are to be acquired as soon as they are issued ;
$7,200,000 in payment for the properties acquired from the St. Louis Valley Ry. Co. ; $15,700,000
in payment for, and to provide for the completion of, the White River Ry., Memphis, Helena
and Louisiana Ry., and Memphis, Helena and Louisiana RR., this lot to be issued at not exceeding
the rate of $30,000 per mile of main track ; $2,175,000 for double tracking the railroad acquired
from the St. Louis Valley Ry Co., at a cost not to exceed $15,000 per mile ; $2,500,000 for the
acquisition of additional terminal and ferry properties at St. Louis, East St. Louis and Thebes ;
$4,500,000 together with any surplus bonds of the $15,700,000 and $2,175,000 lots, to extend,
develop and equip the railroads covered by the mortgage ; $5,675,000 for the construction or
acquisition of connecting lines between the Memphis, Helena and Louisiana Ry. and the St.
Louis Valley Ry. and between West Memphis and Batesville, Ark. ; and $11,250,000, together
with any surplus of the $5,675,000 lot, for the construction or acquisition of branches and
extensions, this lot being issuable at not exceeding the rate of $30,000 per mile of main line and
not exceeding $15,000 per mile of branches. Up to June 30, 1903, $20,000,000 of the bonds
had been sold and the proceeds appropriated to various purposes stated above.
1O. Securities Deposited Under Unifying: and Refunding Mortgage. — Exhibit of
Investments in Capital Stock and Bonds owned by the St. Louis, Iron Mountain and Southern Ry.
Co., and Deposited with Trustee, covered by Unifying and Refunding Mortgage of the St. Louis, Iron
Mountain and Southern Ry., Dividends and Interest on which accrue to the St. Louis, Iron Mountain
& Southern Ry. Co.
CAPITAL STOCK AND BONDS.
Date of
Bond.
Maturity of
Bond.
No. of Shares
or Bonds.
Par Value.
Coupon Notes Little Rock & Ft Smith Ry Co
$ 21,000 00
1,705,400 00
4,481,400 00
350,200 00
511,400 00
285,100 00
1.400 00
399,300 00
1,499,100 00
400.000 00
3T>.000 00
3.412,000 00
240,000 00
5.435.000 00
22.276,000 00
$41.058,300 00
26.752,263 52
17.054
44,814
3,562
5,114
2,851
14
3,993
14,991
400
35
3,412
240
5,435
22,276
Little Rock & Fort Smith Rv. Co
Arkansas & Louisiana Rv. Co
St. Louis & Mississippi Valley Transp. Co
Mississippi River, Hamburg & \\ estern Rv. Co.
New Orleans & Northwestern RR. Co
Bonds, 1st Mtge., Mississippi River, Hamburg & Western Ry.Co.
Bonds General Consolidated St I. I M & So Ry
Nov. 1,1897
Moli. 15, 1881
July 1, 1887
July 1, 1883
Julv 1889
Feb. 1, 1888
Nov. 1,1917
April 1,1931
July 1, 1937
July 1, 1913
Julv l'.n:i
Dec. 1,2000
Bonds, Six Per Cent Debenture "B '•' \Vabash RR
Bonds, 2d Mtge Income Texas and Pacific Ry Co
Total
Cost to Companv
I
POOR S MANUAL THE MISSOURI PACIFIC SYSTEM.
519
11. Land Department,
partmcnt, all divisions, during
mencement :
-The following table exhibits the business of the land de-
the year ending Dec. 31, 1!)02, and since the date of com-
ST.LOUIB.IRON MOUNTAIN
& SOUTHERN RT.
Little Rock
and
Fort Smith
Ry-
Grand
ToUL
Missouri
Division.
Arkansas
Division.
Number of Acres Originally Granted Purchased etc
142.355.17
7,567.572
1,360,667.58
420,148.466
2,494.612
1,059,846.01
458,190.55
9.645.25
2.562,868.78
885,906.588
12,139.862
Number of Acres Unsold, December 31, 1901
Numl>er of Acres Acquired bv Forfeitures in 1902
Total Number of Acres for S;'le during 1902
7.567.572
2,712.540
4,855.032
I
6 76+
18,341 74
11.675 80
2,293 55
422.fi43.078
56.423.034
366,219.444
$
3 10+
175,121 98
218,831 84
20,877 47
467,835.80
22,828.78
445,007.02
1
3 41 +
78,093 92
115,675 17
35,694 76
898,046.450
81,964.954
816.asi.496
$
3 31+
271,557 64
346,182 81
58,865 78
Number of Acres sold during 1902
Number of Acres Unsold December 31, 1902
•
Average Price |x?r Acre during 1902
Total Amount of Sales during 1902
Cash Received during 1902
Notes Received during 1902
Total Receipts during 1902
13,969 35
2,547 25
432,764 46
151,597 20
239,709 31
48,465 75
3,654,218 65
1,785,020 96
151,369 93
31,465 72
2,800,823 88
1,309,468 77
405,048 59
82.478 72
6,887,806 99
3.246,086 93
Expenses and Taxes during 1902
Grogs Receipts of Department since Commencement
Gross Expenses and Taxes of Department since Commencement ....
i
Net Receipts of Department since Commencement
281,167 26
4,839 54
143 59
1,869.197 69
180,271 96
628 55
1,491,355 11
130,082 17
4,420 87
3,641,720 06
315.193 67
5,193 01
Notes Receivable Outstanding December 31 1902
Taxes Due from Purchasers, Outstanding December 31, 1902
152. Statement showing the condition of
1902:
the Iron Mountain Car Trust on Dec. 31,
B 1
B 2
C
D
E 1
E 2
F
G
H 1
H 2
K 1
K 2
L 1
L2
M
Date.
July 6.1880
Nov. 23. 1880
June 14, 1881
Aug. 23, 1881
June 4, 1889
Nov. 21, 1889
Jan. 23,1890
Dec. 2.1891
Mch. 1,1892
Original
Amount.
690,00000
148,000 00
552,000 00
211,260 00
837,500 00
109,800 00
170,000 00
122,800 00
1,407,100 00
Amount
Paid.
Sept. 1. 1892 264,000 00
Oct. 30. 1895' 83.250 00
Dec. 26, 1900 1,256,262 05
Feb. 1. 1901 700,880 00
Dec. 20, 1901 1,192,400 00
Apr. 23, 1002 442,175 00;
Aug. 6, 1902 148,200 00
690,00000
148,00000
552,000 00
211,260 00
837.500 00
109,800 00
170,000 00
122,800 00
1,407,100 00
264,000 00
59,250 00
381,262 05
210,880 00
238,400 00
90,175 00
14,200 00
Amount
Out-
standing.
Date of
Yearly
Pay-
ments.
24,000 00 Sept. 1
875,000 00 June
490,000 00 June 1
954,000 00 Dec. 1
352,000 00, Dec. 1
134.000 00 Sept.
8,335,627 05 5,506,627 05; 2,829,000 00
EQUIPMENT COVERED BT CAR TRUST.
450 Box. 250 Stock, 200 Platform and 8 Passenger Cart,
and 14 Locomotives.
200 Ore and 4 Passenger Cars, and 5 Locomotives.
492 Box and 100 Refrigerator Cars, and 11 Locomotives.
308 Box and 6 Baggage Cars.
1,500 Box Cars and 25 Locomotives.
200 Furniture Cars.
200 Refrigerator Cars.
200 Furniture Cars.
1,000 Box, 500 Coal and 500 Stock Cars, and 30 Loco-
motives.
500 Box Cars.
10 Locomotives.
1 5 Cabooses, 2 Steam Shovels, 2 Lidgerwood Unloaders,
500 Flat, 250 Furniture and 500 Coal Cars, and 36
Locomotives.
1,000 Box Care.
380 Furniture, 250 Ballast Cars and 52 locomotives.
500 Stock and 150 Ballast Cars.
1 8 Bag., 5 Combination and 3 Postal Cars and 3 Loco*.
NOTE. — Series A to HI Inclusive are paid up and cancelled. The amounts outstanding on the
remaining series are payable as follows :
Series H2 — Three annual payments on Sept. 1st of each year. 1903 to
1905, $8,000 each; total $24,00000
Series Kl — Seven annual payments on June 1st of each year, 1903 to
1909 inclusive, $125,000 each ; total $875,000 00
Series K2 — Seven annual payments on June 1st of each year, 1903 to
1909 inclusive, $70,000 each ; total 490,000 00 — 1,365,000 00
Series LI — Six annual payments on Dec. 1st of each year, 1903 to 1908
inclusive. $119,000 each : total 714,000 00
Series LI — Two annual payments on Dec. 1st of each year, 1909 to 1910
inclusive, $120,000 each ; total 240,000 00
Series L2 — Eight annual payments on Dec. 1st of each year, 1903 to
1910 inclusive, $44,000 each ; total 352,000 00 — 1,306.000 00
Series M — Eight annual payments on Sept. 1st of each year, 1903 to
1910 inclusive, $15,000 each; total 120.00000
Series M — One annual payment on Sept. 1st, 1911 14,000 00 — 134,000 00
Total amount outstanding Dec. 31st, 1902 $2,829,00000
520
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
13. RAILROADS LEASED BY THE ST. Louis, IRON MOUNTAIN AND SOUTHERN RT. Co.
TOON MOUNTAIN RR. OP MEMPHIS. —
East Connection of Memphis Bridge to Memphis,
0.49 m., and to K. C., F. S. & M. Connection, 0.58
m. — total, 1.07 m. ; total track (steel, 1.07 m.),
8.79 miles. Rail, 56 and 60 Ibs.
HISTORY. — Chartered Aug. 31, 1886; road
opened in May, 1888. Operated under lease since
date of completion by St. L., I. M. & S. Ry. Co. ;
rental, interest on bonds.
FINANCIAL STATEMENT. — Capital stock,
$700; funded debt (1st 6s of Nov. 10, 1908), $500,-
000 — total, representing cost of road, $500,700.
Both the stock and the bonds are owned by the
Missouri Pacific Ry. Co.
CORPORATE OFFICERS. — George J. Gould,
Pres., New York, N. Y. ; F. W. Irland, Sec. &
Treas., St. Louis, Mo. OfBce, Memphis, Tenn.
KANSAS AND ARKANSAS VALLEY RY.
— Coffeyville to Van Buren June., Ark., 164.63 m. ;
Western Connection, Coffeyville, Kan., 0.20 m. ;
Cherokee June., Ind. T., to Ft. Smith Branch Con-
nection, Ark. State Line, 5.49 m. ; Eastern Con-
nection, Cherokee June., 0.18 m. ; connection, L.
R. & F. S. Ry., 0.14 m. — total, 170.64 m. ; total
track (steel; 56, 60 and 63 Ibs.), 198.85 miles.
HISTORY. — Chartered under laws of Arkan-
sas, Nov. 27, 1885. Construction begun in 1887 and
road ppened to Wagoner, Ind. T., Aug. 13, 1888 ;
to Coffeyville, Kan., Nov. 21, 1889. Leased to the
St. L., I. M. & So. Ry. Co. for 50 years from Jan.
1, 1890 ; rental, interest on bonds.
FINANCIAL STATEMENT. — Capital stock,
$1,706,400; funded debt (1st 5s of Jan. 1, 1937),
$3,412,000^total, representing cost of road and
equipment, $5,118,400. The St. L., I. M. & S. Ry.
Co. owns all the bonds and practically all of
the capital stock.
CORPORATE OFFICERS.— George J. Gould,
Pres., New York, N. Y. ; C. G. Warner, Vice-
Pres., St. Louis, Mo. ; A. H. Calef, Sec. & Treas.,
New York, N. Y. ; Francis Johnson, Asst. Sec.
& Asst. Treas., Little Rock, Ark. OfBce, Little
Rock, Ark.
LITTLE ROCK AND FORT SMITH RY.
— Argenta June, to Fort Smith, Ark., 163.19 m. ;
Coal Hill June., to Lloyds, Ark., 5.26 m. ; Onita
June., Ark., to coal mines, 0.42 m. ; Van Buren
Bridge, 1.39 m. — total, 170.26 m. ; total track
(steel; 52 to 63 Ibs.), 210.52 miles.
HISTORY. — The Little Rock and Fort Smith
RR. was sold in Dec., 1874, and the company re-
organized under present title, June 12, 1875. Road
completed in 1876. Leased for fifty years from
Jan. 1, 1890, to the St. Louis, Iron Mountain and
So. Ry. Co. ; rental, interest on bonds. For re-
turns of land department, see Sec. 11 of lessee's
statement.
ROLLING STOCK. — Locomotives, 9. Cars —
passenger, 9 ; coach and baggage, 1 ; baggage, 1 ;
baggage and mail, 2; freight (box, 78; stock, 13;
coal, 43; flat, 30; granite, 22), 186; cinder, 5;
service, 84 — total, 288.
General Balance Sheet, December 31, 1902.
Capital Stock ($100 shares) ............ $4,505,30858
1st Mtge. Bonds and Scrip ........... 2,365,16225
Unfunded Debt ....................... 411,44466
Profit and Loss ....................... 753,34777
Total Liabilities ................. $8,035,26326
•
Construction, Equipment, etc .......... $7,678,14688
Stocks and Bonds ..................... 117,87382
Cash and all Other Assets ............ 239,24256
Total Assets $8,035,26326
Funded debt outstanding consists of $2,342,500
(auth., $3,000,000) 1st 7s of Jan. 1, 1905, and $227.25
of fractional scrip. The St. L., I. M. & S. Ry. Co.
owns $4,492.600 of the capital stock.
CORPORATE OFFICERS. — George J. Gould.
Pres., New York, N. Y. ; C. G. Warner, Vice-
Pres., St. Louis, Mo. ; A. H. Calef, Sec. & Treas.,
New York, N. Y. ; Francis Johnson, Asst. Sec. &
Asst. Treas., Little Rock, Ark. Office, Little
Rock, Ark.
LITTLE ROCK JUNCTION RY. — Argenta
June, to E. Conn., East Little Rock, Ark., 0.59 m. ;
total track ( steel ; 56 and 63 Ibs. ) , 1.49 miles. This
road, which includes a bridge over the Arkansas
River at Little Rock, is used as a connecting
link between the Little Rock and Fort Smith and
St. Louis, Iron Mountain and Southern Rys.
HISTORY. — Chartered May 14, 1884; road
opened Dec. 9, 1884. Leased for 50 years from
Jan. 1, 1890, to the St. L., I. M. & So. Ry. Co.
The company owns no rolling stock.
INCOME ACCOUNT. — Rental, year ending
Dec 31, 1902, $26,520. Payments : Interest on
bonds, $26,100; other deductions, $420 — total, $26,-
520.
BALANCE SHEET, Dec. 31, 1902. — Capital
stock ($100 shares), $400,000; funded debt (1st
consol. 6s of April 1, 1916 ), $435,000 ; unfunded
debt, $11,931 ; profit and loss, $23,322 — total, $870,-
253. Contra : Cost of road, $863,698 ; other assets,
$6,555— total, $870,253. The St. L., I. M. & S.
Ry. Co. owns $357,000 of the capital stock.
CORPORATE OFFICERS. — George J. Gould,
Pres., New York, N. Y. ; C. G. Warner, Vice-
Pres., St. Louis, Mo. ; A. H. Calef, Sec. & Treas.,
New York, N. Y. ; Francis Johnson, Asst. Sec.
& Asst. Treas., Little Rock, Ark. Office, Little
Rock, Ark.
14. Board of Directors, St. Louis, Iron Mountain d Southern Ry. Co., elected March
10, 1903:
Geo. J. Gould. . . New York.N.Y.
John T. Terry..
Frank Jay Gould. '
R. M. Gallaway.
Louis Fitzgerald.NewYork,N.Y.
C. G. Warner St. Louis, Mo.
W. H. Thompson.
Russell Harding.. " "
Russell Sage New York.N.Y.
H. Whelen, Jr..Philadelphia,Pa.
Thos. T. Eckert-.New York.N.Y.
Howard Gould.. "
G. C. W. Lowrey New York, N. Y.
GEOBGE J. GOULD, President 195 Broadway, New York, N. Y.
Frank Jay Gould, V 'ice-President
C. G. Warner, V ice-President St. Louis, Mo.
Russell Harding, Vice- President d Gen. Manager "
Sec. d Treas. — A. H. Calef New York, N. Y. I Local Treasurer — D. S. H. Smith. .St. Louis, Mo.
Gen. Aud. — S. B. Schuyler St. Louis, Mo. | Gen. Solicitor — Alex. G. Cochran...St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Louia, Mo.
POOR'S MANUAL — THE MISSOURI PACIFIC SYSTEM. 521
MISSOURI PACIFIC SYSTEM.— Controlled Railroads, Operated Separately by
Their Own Organizations.
ARKANSAS CENTRAL RR.— Fort Smith to Paris, Ark., 46.5 miles. Gauge,
4 ft. 8y2 in. Rail (steel), 60 Ibs. Chartered April 29, 1897; road opened to Charleston
early in 1898; extension to Paris, 18 miles, opened May 1, 1900. Receiver appointed
Dec. 29, 1898; company reorganized Feb. 9, 1899. The Missouri Pacific Ry. Co. owns
$593,800 capital stock of this company.
Operations, year ending June 30, 1902. — Earnings (passenger, $13,957; freight,
$37,650; other, $50), $51,657. Operating expenses, $44,245. Net earnings, $7,412; other
receipts, $19 — total, $7,431. Total deductions, $41,012. Deficit for year, $33,581.
Directors.— C. E. Ratcliff, O. L. Miles, L. P. Miles, G. S. Whybark, C. E. Warner,
Fort Smith, Ark.; J. P. Falconer, Charleston, Ark.; J. S. Shibley, Paris, Ark. OFFICERS:
C. E. RATCLIFF, Pres. and Treas.; 0. L. Miles, Vice-Pres.; C. E. Warner, Sec., Fort Smith,
Ark. GENERAL OFFICE, Fort Smith, Ark.
ARKANSAS AND LOUISIANA RY.— Nashville to Hope, Ark., 25.54 m.; total
track (steel, 27.47 m.), 27.54 miles. Gauge, 4 ft. 8J4 in. Rail (steel), 56 and 60 Ib.s.
History. — Successor, Oct., 1881, to the Washington and Hope Ry. Co. (see MANUAL
for 1891, page 10).
Rolling Stock, Dec. 31, 1902. — Locomotive, 1 ; passenger cars, 2.
Operations, year ending Dec. 31, 1902. — Trains run (passenger, 150; freight, 75;
mixed, 33,900; other, 573), 34,698 miles. Passengers carried, 24,841; carried one mile,
363,374. Tons freight moved, 21,561; moved one mile. 474,434. Earnings (passenger,
$15,589; freight, $41,514; other, $6,572), $63,675. Operating expenses, $32,165. Net
earnings, $31,510; other receipts, $5 — total, $31,515. Payments: Interest on bonds,
$19,200; taxes, $1,704; dividends, $10,611— total, $31,515.
General Balance Sheet, Dec. 31, 1902.— Capital stock ($100 shares), $512,000;
funded debt (1st 5s of July 1, 1913; auth., $1,800,000), $384,000; interest accrued, not
due, $9,600— total, $905,600. Contra: Cost of road and equipment, $896,000; current
assets, $9,600 — total, $905,600. The St. L., I. M. & S. Ry. Co. owns $511,700 of the capi-
tal stock.
Directors (elected Jan. 26, 1903) — C. G. Warner, E. G. Merriam, St. Louis, Mo.;
George E. Dodge, Little Rock, Ark. ; A. H. Carrigan, J. J. Thomas, Washington, Ark.
OFFICERS: GEORGE E. DODGE, Pres., Little Rock, Ark.; E. G. Merriam, Vice-Pres., St.
Louis, Mo.; A. H. Calef, Treas., New York, N. Y.; F. W. Irland, Sec.; S. B. Schuyler,
Gen. Aud., St. Louis, Mo. PRINCIPAL OFFICE AND ADDRESS, Washington, Ark.
ARKANSAS MIDLAND RR.— Helena to Clarendon, Ark., 47.45 m.; total
track, 54.71 miles. Gauge, 4 ft. 8y2 in. Rail (steel, 54.35 m.), 35, 40 and 56 Ibs.
History. — Chartered Jan. 20, 1855, but built no road, the breaking out of the
civil war stopping all efforts at construction. The line as above opened in 1872, was
built by the Arkansas Central Ry. Co., chartered in 1871. Sold under foreclosure in
July, 1877, and in 1879 conveyed to this company.
Rolling Stock, Dec. 31, 1902. — Locomotives, 6. Cars — freight (box, 50; flat,
12), 62.
Operations, year ending Dec. 31, 1902. — Trains run (passenger, 30,138; freight,
31,874; other, 1,140), 63,152 miles. Passengers carried, 55,320; carried one mile, 1,000.-
561. Tons freight moved, 85,223; ton-miles, 2,342,887. Earnings (passenger, $28,241;
freight, $79,118; other, $8,965), $116,323. Operating expenses, $55,567. Net earnings,
$80,756; other receipts, $25— total, $60,781. Charges: Interest on bonds, $10,560; taxes,
$5,608; dividends, $36,013; other payments, $8,600 — total, $60,781.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $1,500,000;
funded debt (1st gold 6s of July 20, 1911; auth., $516,000), $176,000; interest accrued,
not due, $5,280 — total, $1,681.280. Contra: Cost of road and equipment, $1,676,000:
current assets, $5,280 — total, $1,681,280. The St. L., I. M. & S. Ry. Co. owns $1,490,-
700 of the capital stock of this company.
Directors (elected Jan. 12, 1903). — George J. Gould, New York, N. Y.; C. G.
Warner, Russell Harding, St. Louis, Mo. ; George E. Dodge, Francis Johnson, Little
Rock, Ark.; John J. Horner, Leon Berton, S. C. Moore, E. S. Ready, Helena, Ark.
OFFICERS : GEORGE J. GOULD, Pres., New York, N. Y. ; C. G. Warner, Vice-Pres.,
St. Louis, Mo.; A. H. Calef, Treas., New York, N. Y.; E. G. Merriam, Sec.; Russell
52S POOR'S MANUAL OP RAILROADS — SOUTHWESTERN GROUP.
Harding, Gen. Mgr., St. Louis, Mo. ; W. H. Pcmberton, Asst. Sec., Little Rock, Ark.
GENERAL OFFICE, Helena, Ark.
BRINKLEY, HELENA AND INDIAN BAY RR.— Pine City to Brinkley,
Ark., 22.97 m.; total track (steel; 35 and 56 Ibs), 24.84 miles. Gauge, 4 ft. Sy2 in.
History. — Chartered July 18, 1899, and took over from the Arkansas Midland
RR. Co. the Helena and Indian Bay Division of that company's road (see MANUAL
for 1901, page 536). Controlled by the St. Louis, Iron Mountain and Southern Ry.
Co. through ownership of $124,875 of the $125,000 capital stock. The company owns
no rolling stock.
Operations, year ending Dec. 31, 1902. — Trains run (mixed, 27,094; all other, 69),
27,163 miles. Passengers carried, 9,876; carried one mile, 147,037. Tons freight moved,
10,504; ton-miles, 310,184. Earnings (passenger. $4,105: freight, $6,290; other, $3,059),
$13,514. Operating expenses and taxes, $17,637. Deficit for year, $4,122.
Directors ( elected Jan. 12, 1903). — C. G. Warner, St. Louis, Mo.; J. J. Horner,
Helena, Ark.; George E. Dodge, Little Rock, Ark.; J. S. Thomas, John P. Lee, Clarendon,
Ark. OFFICERS: C. G. WARNER, Pres.; E. G. Merriam, Sec., St. Louis, Mo.; A. H. Calef,
Treas., New York, N. Y. ; W. H. Pemberton, Asst. Sec., Little Rock, Ark. GENERAL
OFFICE, Brinkley, Ark.
LITTLE ROCK AND HOT SPRINGS WESTERN RR.-Line owned: Hot
Springs to Junction, Ark., 53.33 miles. Sidings, etc., 6.70 miles. Gauge, 4 ft. 8^ in.
Rail (steel), 65 Ibs.
History. — Chartered July 17, 1899, as successor to the Little Rock, Hot Springs and
Texas Ry. Co. (see MANUAL for 1899, page7 606). The road was opened as above April
9, 1900. The section, Benton to Junction, at Little Rock, Ark., 23 miles is leased to
the Choctaw, Oklahoma and Gulf RR. Co. Controlled by the St. L., I. M. A S. Ry.
Co., through ownership of entire capital stock.
Rolling Stock, June 30, 1902. — Locomotives, 5. Cars — passenger, 7; baggage, etc.,
3; freight (box, 40; flat, 46; coal, 2), 88 — total, 98. Of this equipment, 7 passenger
and 3 baggage, etc., cars are held under car trusts.
Operations, year ending June 30, 1902. — Trains run (passenger, 87,957; freight,
31,255), 119,212 miles. Passengers carried, 73,256; carried one mile, 2,241,062. Tons
freight moved, 64,450; ton-miles, 1,837,799. Earnings (passenger, $81,919; freight,
$74,949; other, $24,034), $180,902. Operating expenses, $96,351. Net earnings, $84,551.
Payments: Interest on bonds, $45,600; taxes, $9,516; other charges, $14,623 — total,
$69,739. Surplus, $14,812; deficit forward, $4,784; net surplus, $10,024.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,140,000;
funded debt (1st gold 4s of July 1, 1939), $1,140,000; equipment trust notes, $20,686;
current liabilities, $20,764; interest accrued, $22,800; accrued taxes, $3,577; other
liabilities, $51,969; profit and loss, $10,024 — total, $2,409,820. Contra: Cost of road
and equipment, $2,280,000; materials, etc., $10,477; cash and current assets, $30,154;
other assets, $89,189 — total, $2,409,820.
Directors. — S. W. Fordyce, W. C. Fordyce, J. C. Van Blarcom, St. Louis, Mo.;
John G. Lonsdale, Hot Springs, Ark. ; Allen N. Johnson, Little Rock, Ark. OFFICERS :
W. C. FORDYCE, Pres. & Treas., St. Louis, Mo. ; John G. Lonsdale, Vice-Pres., Hot Springs,
Ark.; W. S. Mitchell, Sec., Little Rock, Ark.; G. L. Morris, Aud. & Local Treas., Hot
Springs, Ark. GENERAL OFFICE, Hot Springs, Ark.
MISSISSIPPI RIVER, HAMBURG AND WESTERN RY.- Projected:
Luna to Texarkana, Ark., 175 miles. Completed: Hamburg to Luna, Ark., 38.91 m. ;
total track (steel; 40, 50 and 63 Ibs.), 41.9 miles. Gauge, 4 ft. 8y2 in.
History. — Chartered June 18, 1897 ; road opened from Hamburg to Montrose, 20 m.,
Oct. 1, 1898; from Montrose to Luna, 19 m., July 1, 1899. The company is reported
to have a State land grant of 1,000 acres per mile for the line through Ashley and
Chicot Counties. Controlled by the St. L., I. M. & S. Ry. Co. through ownership of all
the stock and all the bonds. Operated separately by its own organization.
Rolling Stock, Dec. 31, 1902. — Locomotives, 3. Cars — passenger, 3; freight (box,
5; flat, 15), 20; caboose, 1 — total, 24.
Operations, year ending Dec. 31, 1902. — Trains run (passenger, 286; freight, 189;
mixed, 33,627; other, 8,938), 43,040 miles. Passengers carried, 34,489; carried one mile,
506,751. Tons freight moved, 89,769; ton-miles, 1,530,818. Earnings (passenger, $23,-
308; freight, $79,155; other, $8,634), $111,097. Operating expenses, $80,277. Net earn-
ings, $30,820; other receipts, $2,033 — total, $32,853. Payments: Interest on bonds,
$20,000; taxes, $2,466; dividends, $10,387.
POOR'S MANUAL OF RAILROADS. 523
General Balance Sheet, Doc. 31, 1002.— Capital stock ($100 shares), $400,000 ;
funded debt (1st gold 5s of Nov. 1, 1917; auth., $10,000 per mile), $400,000 — total,
$800,000, representing cost of road and equipment.
Directors.'— C. G. Warner, Russell Harding, F. W. Irland, St. Louis, Mo.; George
E. Dodge, Little Rock, Ark.; Geo. W. Norman, W. F. McCombs, Hamburg, Ark.
OFFICERS: C. G. WARNER, Pres.; Russell Harding, Vice-Pres. and Gen. Mgr.j E. G. Mer-
riam, Sec., St. Louis, Mo.; A. H. Calef, Trees., New York, N. Y. ; W. H. Pemberton,
Asst. Sec., Little Rock, Ark. GENERAL OFFICE, Hamburg, Ark.
NEW ORLEANS AND NORTHWESTERN RR.— Vidalia, La., to Louisiana
and Arkansas State Line, 115.48 m. ; total track (steel; 56 Ibs. ), 126.93 miles. Gauge, 4
ft. 8y2 in.
History. — Organized Nov. 7, 1902, to take title to the property of the New Orleans
and Northwestern Ry. (see MANUAL for 1902, page 489). Controlled by the St. L., I. M.
& S. Ry Co., through ownership of all the capital stock. Capital stock ($100 shares),
$1,500,000. Locomotives, 8. Cars — passenger, 3; baggage, etc., 2; freight (box, 19; stock, 3;
flat, 66; coal, 8), 96; service, 24— total, 125.
Operations, 2 months ending Dec. 31, 1902. — Trains run (passenger, 11,970; freight,
9,791; mixed, 3,758; other, 4,955), 30,474. Passengers carried, 17,284; carried one mile,
314,725. Tons freight moved, 25,327; ton-miles, 1,488,979. Earnings (passenger, $8,384;
freight, $32,477; other, $2,869), $43,730. Operating expenses, $34,618. Net earnings,
$9,112.
Directors (elected Nov. 14, 1902). — E. T. Jeffery, A. H. Calef, Lawrence Greer, New
York, N. Y. ; Russell Harding, St. Louis, Mo.; F. G. Hudson, Henry Bernstein, Monroe,
La. ; J. N. Luce, H. Michel, C. J. Colton, New Orleans, La. OFFICERS : E. T. JEFFERY, Pres.,
New York, N. Y. ; Russell Harding, Vice-Pres. and General Manager; D. S. H. Smith,
Treas., St. Louis, Mo.; A. H. Calef, Sec., New York, N. Y.; C. J. Colton, Asst. Sec., New
Orleans, La. GENERAL OFFICE, St. Louis, Mo.
NEW MEXICO RAILWAY AND COAL COMPANY.
(For map of this system, see page 525.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Controlled Roads 3-12
Dawson Ry. & Coal Co 4
Directors and Officers 13
Earnings, Expenses, etc 6
Equipment Trusts 11
Funded Debt, Details of 9
Gen. Balance Sheet 7
Guaranteed Bonds 10
History 2
Mileage Operated 1
Rolling Stock 5
1. Mileage Operated, Dec. 31, 1902.— A. LINES OWNED (total, 164.32 miles).
El Paso and Northeastern RR.: El Paso, Tex., to New Mexico Line 19.32 miles.
El Paso and Northeastern Ry.: Texas Line to Capitan, N. M 145.00 "
B. LINES CONTROLLED (total, 157.50 miles).
Alamogordo and Sacramento Mountain Ry. (see subjoined statement) 27.50 "
El Paso and Rock Island Ry. : Carrizosa to Santa Rosa, N. M 130.00 '
Total length of lines in operation Dec. 31, 1902 321.82 miles.
Sidings, etc. (owned, 32.05 m.; controlled, 11.66 m.), 43.71 miles. Gauge, 4 ft. Sy2 in.
Rail (steel), 60 and 70 Ibs.
2. History. —Chartered May 5, 1897, and on June 23, 1897, acquired all the capital
stock and all the first mortgage bonds of the New Mexico Fuel Co. Under agreements
executed Oct. 21, 1897, and Dec. 1, 1897, the company constructed and equipped the
road from El Paso, Tex., to the coal fields at Capitan, N. M., 164.32 miles, receiving in
consideration of such construction and equipment all the capital stock and all the 1st
mortgage bonds of the El Paso and Northeastern Ry. Co. and all the capital stock (no
bonds issued) of the El Paso and Northeastern RR. Co. To meet the cost of the work,
and to provide funds for building and equipping the mines of the New Mexico Fuel
Co., at Capitan, the company issued its 1st mortgage bonds to the amount of $3,000,000,
secured by deed of trust of all the securities of the El Paso and Northeastern RR. Co.,
El Paso and Northeastern Ry. Co., and New Mexico Fuel Co. The work of construc-
tion was commenced in Dec., 1897, and the railroad was completed from El Paso, Tex.,
524
POOR S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
to Alamogorde, N. M., 86 miles, in July, 1898. The extension from Alamogordo to Capi-
tan, and the mines at Capitan, were completed and opened for business on Oct. 1, 1899.
3. Controlled Roads. — The company owns all the capital stock of the Alamo-
gordo and Sacramento Mountain Ry. Co., and 60 p. c. of the capital stock of the El
Paso and Rock Island Ry. Co., and guarantees the bonds of those companies, both as
to principal and interest. The railroads of both companies were constructed by the
New Mexico Ry. and Coal Co., under agreements providing that in consideration of
such construction it should receive, in the case of the Alamogordo and Sacramento Moun-
tain Ry., all the capital stock of the road and bonds at the rate of $12,000 per mile, and in
the case of the El Paso and Rock Island Ry. Co. all the capital stock and all the bonds.
The company sold the bonds of both roads, and gave to the purchasers of the El Paso
and Rock Island bonds a bonus of 40 p. c. in the capital stock of the same road. The
Alamogordo and Sacramento Mountain Ry. extends from Alamogordo, N. M., to the
summit of the Sacramento Mountains. It was completed in Nov., 1898. The El Paso and
Rock Island Ry. was completed Feb. 1, 1902. It connects at Santa Rosa with the
Chicago, Rock Island and El Paso Ry., an extension of the Chicago, Rock Island and
Pacific System, and completes a through line from El Paso to Kansas City and Chicago.
An agreement has been made between the New Mexico Ry. and Coal Co. and the Chicago,
Rock Island and Pacific Ry. Co. for an interchange of traffic, on an equitable mileage
basis, for the period of 999 years.
4. Dawson By. and Coal Co. — This company was organized in June, 1901, with a
capital stock of $3,000,000 and an issue of $3,000,000 1st mortgage bonds, to acquire
(through its subordinate companies, the Dawson Ry. Co. and the Dawson Fuel Co.)
about 25,000 acres of coal lands near Dawson, N. M., and to build a railroad therefrom
to a point on the Chicago, Rode Island and El Paso Ry., at Tucumcari, N. M., a distance
of about 135 miles. The New Mexico Ry. and Coal Co. made an agreement with the
Dawson Ry. and Coal Co. to open and equip the mines, build and equip the railroad,
and to guarantee payment of the principal and interest of the Dawson Ry. and Coal
Co.'s bonds, in consideration of receiving all the stock and bonds of the Dawson Ry. and
Coal Co. The bonds have been sold, with a bonus to the purchasers of 49 per cent, in the
capital stock, the other 51 per cent, of the capital stock remaining in the treasury of the
New Mexico Ry. and Coal Co. The coal lands have been paid for in full, and the mines
placed in condition for working. The construction of the railroad was practically com-
pleted at the date of the annual report, and it was expected that it and the fuel prop-
erty would be in full operation by July 1, 1903. An equitable traffic agreement was con-
cluded Oct. 1, 1901, between the New Mexico Ry. and Coal Co. and the Chicago, Rock
Island and Pacific Ry. Co., covering the interchange of traffic between the railroads.
5. Rolling Stock, Dec. 31, 1902.— Locomotives, 56. Cars— passenger, 17; freight
(box, 215; flat, 25; coal, 595; caboose, 18; tank, 23), 876 — total, 893.
6. Operations. — As the New Mexico Ry. and Coal Co. owns outright all the stocks
and bonds of the El Paso and Northeastern RR. Co., El Paso and Northeastern Ry. Co.,
and New Mexico Fuel Co., it is entitled to and receives all the net earnings of those
companies. The following statement shows the results from operation for three fiscal
periods ending June 30, 1899-1901, and for 18 months ending Dec. 31, 1902:
1899
June 30
(6 mos.)
1900
June 30
1901
June 30
1902
Dec. 31
(18 mos.)
Total.
Gross Earnings, Subordinate Companies
Expenses and Taxes, '
Net Earnings, N. M Ry & C.Co
9
69,152 61
36,866 13
$
345,368 45
122,107 70
S
821,818 60
435,828 55
S
1,098,644 22
681,984 68
$
2,334,683 88
1,276,787 06
32,286 48
25,700 00
223,260 75
113,814 32
385,690 05
144,121 39
416,669 54
254,450 00
1,057,896 82
638 085 71
Interest a-d Taxes, " '"....
Net Profits to Credit of Income
6,586 48
109.446 43
2-1,56866
162,209 54
519,811 11
525
526
POOR'S MANUAL OF RAILROADS SOUTHWESTERN GROUP.
7. General Balance Sheet, December 31, 1902.
Cost or $10,625.000 Securities of Subor-
dinate Companies $7,434,149 43
Improvements E. P. & N. E. Ry 658,810 71
Extension A. & S. M. Ry 23,514 29
Equipment 772,336 65
Cloudcroft Properties 100,21576
General Material 194,46183
Due from Subordinate Cos 142,61562
Sundry Lands, Scrip, etc 14,17553
Dawson Ry. & Coal Co 3,544,64585
El Paso & Rock Island Ry. Co 2,805,824 39
Cash 277,05939
Total Assets $15,967,809 45
Common Stock $3,000,00000
Preferred Stock 1,000,000 00
Funded Debt ( see Sec. 9) 4,740,000 00
Accrued Interest on Bonds.
D. Ry. & C. Co. Bond Account
E. P. & R. I. Ry. Co. Bond Account..
Accounts Payable (net)
59,250 00
3,000,000 00
2,500,000 00
236,374 92
Equipment Trusts 600,27757
Notes Payable 312,09585
Income Account 519,81111
Total Liabilities $15,967,809 45
8. Capital Stock. — The preferred stock has priority over the common stock for divi-
dends at the rate of 5 p. c. per annum, non-cumulative.
9. Funded Debt — The funded debt outstanding on Dec. 31, 1902, consisted of (1) $3,000,000
1st collateral trust gold 5s of Oct. 1, 1947, and (2) $1,740,000 1st consol. collateral trust gold
5s of Oct. 1, 1951. Additional particulars will be found in the Ready Reference Bond List — see
General Index.
The bonds of Oct. 1, 1947, are secured by deposit in trust of the following stocks and bonds,
being all the securities of the companies named : $2,700,000 capital stock and $2,700,000 1st
mtge. bonds of the El Paso and Northeastern Ry. Co. ; $300,000 capital stock of the El Paso and
Northeastern RR. Co. ; $2,500,000 capital stock and $1,500,000 1st mtge. bonds of the New
Mexico Fuel Co. ; total par value of deposited securities, $9,700,000. These securities are
owned absolutely by the New Mexico Ry. and Coal Co., and are held by the trustee subject to the
terms of the mortgage. It is provided that the coupons of the deposited bonds shall be detached
and canceled as fast as they mature, unless the New Mexico Ry. and Coal Co. shall be in default
in payment of the semi-annual interest on its bonds.
The bonds of Oct. 1, 1951, are authorized to the amount of $5,000,000, of which $3,000,000
are reserved in the hands of the trustee for the purpose of exchange at par, with interest adjusted,
for the $3,000,000 1st mtge. collateral trust bonds. They are secured by a mortgage or deed of
trust covering the following stocks and bonds owned by the company : $2,700,000 capital stock and
$2,700,000 1st mtge. bonds of the El Paso and Northeastern Ry. Co. ; $300,000 capital stock of the
El Paso and Northeastern RR. Co. ; $2,500,000 capital stock and $1,500,000 1st mtge. bonds of
the New Mexico Fuel Co. ; $900,000 capital stock of the Alamogordo and Sacramento Mountain
Ry. Co. ; $1,500,000, being 60 p. c. of the capital stock of the El Paso and Rock Island Ry. Co. ;
and $1,530,000, being 51 p c. of the capital stock of the Dawson Ry. and Coal Co. Total par
value of deposited securities, $13,630,000 ; amount thereof already deposited as security for the
1st mtge. collateral trust bonds (see preceding paragraph), $9,700,000.
10. Guaranteed Honda The New Mexico Ry. and Coal Co. guarantees, both as to
principal and interest, $322,000 ($900,000 auth.) 1st mtge. 5 p. c. bonds of the Alamogordo and
Sacramento Mountain Ry. Co., $2,500,000 1st mtge. 5 p. c. bonds of the El Paso and Rock Island
Ry. Co., and $3,000,000 1st mtge. 5 p. c. bonds of the Dawson Ry. and Coal Co.
11. Equipment Trusts. — The equipment trust obligations are payable as follows :
$225,380.83 in 1903, $154,860.64 in 1904, $67,179.12 in 1905, $51,869.76 in 1906, $51,869.76 in
1907 and $49,117.46 in 1908 and 1909.
1 2. RAILROADS OWNED BY THE N. M. RY. & COAL Co.
E¥, PASO AND NORTHEASTERN RR
El Paso, Tex., to the Texas State line, 19.32 m. ;
El Paso to river terminals, 3.7 m. ; spur to
smelter, 0.78 m. — total, 23.8 m. ; total track ( steel ;
60 and 70 Ibs.), 29.47 miles. Chartered June 12,
1896 ; built by the New Mexico Ry. and Coal Co.
The entire capital stock ($300,000) is owned by
that company and deposited under its collateral
trust mortgage. Charles B. Eddy, Pres., Alamo-
Kordo, N. M. ; John Franklin, Vice-Pres., Sec. &
Treas. ; C. M. Shelby, Supt. & Aud., El Paso, Tex.
General Office, El Paso, Tex.
EL, PASO AND NORTHEASTERN RY. —
Tex. State Line to Capitan, N. M., 144.88 m. ; total
track (steel; 60 and 70 Ibs.), 166.58 miles. Char-
tered Oct. 21, 1897, for 50 years. Road completed
to the coal fields at Capitan, N. M., Oct. 1, 1899,
and the mining of coal commenced in that month.
Capital stock ($100 shares), $2,700,000 ; funded debt
(1st mtge. bonds), $2,700,000 — total stock and
bonds, $5,400,000. All these securities are owned
by the New Mexico Ry. and Coal Co. and are de-
posited under its collateral trust mortgage.
Charles B. Eddy, Pres., Alamogordo, N. M. ; C. D.
Simpson, Vice-Pres. ; H. P. Simpson, Treas.,
Scranton, Pa. ; B. S. Harmon, Sec., 40 Wall St.,
New York, N. Y. ; F. H. Ross, Asst. Sec., 68 Wil-
liam St., New York, N. Y.
13. Board of Directors, N. M. Ry. & C. Co., elected February 10, 1903..
C. D. Simpson Scranton, Pa.
Chas. B. Eddy.. Alamogordo, N. M.
G.C.W.Lowrey.Larchmont, N.Y.
T. H. Watkins Scranton, Pa.
F. H. Ross.... New York, N. Y.
H. M. Boies Scranton, Pa.
L. A. Watres " "
H. H. Brady, Jr..
J. Howard Ford. New York.N.Y.
Ben j.S.Harmon.. New York.N.Y.
W. L. Watson Pittston, Pa.
J. W. Hollenback,
Wilkesbarre, Pa.
K.K. McLaren.. Jersey City.N.J.
C. D. SIMPSON, President Scranton, Pa.
G. C. W. Lowrey, Vice-President New York, N. Y.
Chas. B. Eddy, 2d Vice-President and Gen. M anager. Alamogordo. N. M.
Treas. & Asst. Sec. — F. H. Ross.. New York, N. Y. | Sec. & Gen.Counsel — B.S.Harmon. New York.N.Y.
PRINCIPAL OFFICE AND ADDRESS 15 Exchange Place, Jersey City, N. J.
NEW YORK OFFICE t 68 William St., Manhattan.
POOR'S MANUAL NEW MEXICO RY. AND COAL CO. SYSTEM. 5SJ7
RAILROADS OPERATED IN CONNECTION WITH THE LINES OF THE N. M. BY. & C. CO.
ALAMOGORDO AND SACRAMENTO MOUNTAIN RY.— Alamogordo,
N. M., to the summit of the Sacramento Mountains, 27.5 m.; total track (steel; 60 Ibs.),
30.16 miles. Gauge, 4 ft. 8y2 in. Chartered March 21, 1898, under the laws of the Terri-
tory of New Mexico to construct and operate a railroad from a point on the El Paso
and Northeastern Ry., at or near Alamogordo, N. M., into the timber regions of the Sacra-
mento Mountains, a distance of about 75 miles. Road completed as above in Nov., 1898.
The principal traffic of this road is the hauling of lumber. Ihe logging cars are owned
by the Lumber Co. operating the lumber mills at Alamogordo. Locomotives, 4. Cars —
combination, 1; excursion coaches, 4; caboose, 5 — total, 10.
Financial Statement, Dec. 31, 1902. — Capital stock, $900,000. Funded debt out-
standing consists of $322,000 (auth., $900,000) 1st mtge. 5 p. c. 30-yr. gold bonds, due
April 1, 1928. These bonds are secured upon all the property of the Alamogordo and
Sacramento Mountain Ry. Co., and are guaranteed, principal and interest, by the
New Mexico Ry. & Coal Co. The New Mexico Ry. and Coal Co. owns the entire capital
stock.
Directors.— C. D. Simpson, H. P. Simpson, H. M. Boies, Scranton, Pa.; A. S. Greig,
W. A. Hawkins, C. B. Eddy, Alamogordo, N M.; B. S. Harmon, New York, N. Y. OFFI-
CERS: C. D. SIMPSON, Pres., Scranton, Pa.; C. B. Eddy, Vice-Pres., Alamogordo, N. M. ;
H. M. Boies, 2d Vice-Pres.; F. H. Ross, Treas.; B. S. Harmon, See., New York, N. Y.
GENERAL OFFICE, Alamogordo, N. M.
DAWSON RY. AND COAL CO.— Projected : Liberty to Dawson, N. M., 135
miles. Rail (steel), 70 Ibs. Chartered in June, 1901, and acquired all the securities of
the Dawson Ry. Co. and of the Dawson Fuel Co. The Dawson Coal Co. owns about
25,000 acres of coal lands near Dawson, N. M., and the Dawson Ry. Co. was organized
to build the railroad as above, connecting the property of the fuel company with the
Chicago, Rock Island and El Paso Ry. The New Mexico Ry. and Coal Co. has placed
the mines in working condition, and expected to have them and the railroad in full
operation by July 1, 1903. In consideration of the work the New Mexico Ry. & Coal Co.
received all the stock and all the bonds of the Dawson Ry. and Coal Co. The bonds
have been sold, the purchasers receiving a bonus of 49 p. c. in the capital stock, while
the remaining 51 p. c. of the capital stock is held by the New Mexico Ry. and Coal. Co.
Financial Statement, Dec. 31, 1902. — Capital stock, $3,000,000. Funded debt, $3,-
000,000 1st mtge. 5 p. c. 50-yr. gold bonds, due July 1, 1951, secured by deposit of all
the securities of the Dawson Ry. Co. and of the Dawson Fuel Co. The bonds are guaran-
teed by the New Mexico Ry. and Coal Co., both as to principal and interest. Cost of
properties to Dec. 31, 1902, $3,544,645.85.
Directors. — C. D. Simpson, T. H. Watkins, Scranton, Pa. ; C. B. Eddy, Alamogordo,
N. M.; K. K. McLaren, Jersey City, N. J.; B. S. Harmon, New York, N. Y. OFFICERS:
C. D. SIMPSON, Pres., Scranton, Pa.; C. B. Eddy, Vice-Pres., Alamogordo, N. M. ; Thos.
H. Watkins, 2d Vice-Pres.; H. H. Brady, Jr., Treas., Scranton, Pa.; B. S. Harmon, Sec.,
New York, N. Y. GENERAL OFFICE, 15 Exchange Place, Jersey City, N. J. New York
Office, 68 William Street, Manhattan.
EL PASO AND ROCK ISLAND RY.— Carrizosa to Santa Rosa, N. M., 130
m.; total track (steel; 70 Ibs.), 139 miles. Gauge, 4 ft. 8y2 in. Chartered in 1900;
road opened in Feb., 1902. Connects the El Paso and Northeastern line with the Chi-
cago, Rock Island and Pacific System. The Road was built by the New Mexico Ry. and
Coal Co. under an agreement outlined in that company's statement.
Financial Statement, Dec. 31, 1902. — Capital stock, $2,500,000. Funded debt, $2,-
500,000 1st mtge. 5 p. c. 50-yr. gold bonds, due June 1, 1951. The New Mexico Ry.
and Coal Co. owns 60 p. c. of the capital stock. The bonds are secured by first mort-
gage lien upon the company's property, and are guaranteed, principal and interest, by
the New Mexico Ry. and Coal C<?. Cost of property to Dec. 31, 1902, $2,805,824.39.
Directors. — Charles B. Eddy, A. S. Greig, W. A. Hawkins, Alamogordo, N. M.; C.
D. Simpson, T. H. Watkins, Scranton, Pa.; J. Howard Ford, B. S. Harmon, New York,
N. Y. OFFICERS: CHAS. B. EDDY, Pres. & Gen. Mgr., Alamogordo, N. M. ; C. D. Simpson,
1st Vice-Pres., Scranton, Pa.; J. Howard Ford, 2d Vice-Pres., 15 Murray St., New York,
N. Y.; B. S. Harmon, Sec., 40 Wall St., New York, N. Y.; F. H. Ross, Treas d Asst. Sec.,
68 William St., New York, N. Y. GENERAL OFFICE, Alamogordo, N. M. New York Office,
68 William St., New York, N. Y.
528
POOR'S MANUAL OF RAILROADS SOUTHWESTERN GROUP.
ST. JOSEPH AND GRAND ISLAND RAILWAY COMPANY.
1. Line of Road Owned. — St. Joseph, Mo., to Grand Island, Neb 251.06 miles.
f A., T. & S. Fe Ey.: St. Joseph, Mo., to Gower, Mo 19.95 m.
Q., 0. & K. C. RE.: Gower, Mo., to Northern Jc., Mo.. 35.60 m.
{ C. M. rf St. P. By.: No. Jc. to Suburban Jc., Mo 1.40 m.
[ K. C. So. By.: Suburban Jc. to Kansas City, Mo 4.20 m.-61.15 "
Total length of lines operated, June 30, 1902 312.21 miles.
Sidings, 48.21 miles. Gauge, 4 ft. 8l/2 in. Rail (steel), 52 and 60 Ibs.
2. History. — Organized Feb. 23, 1897, as successor to the St. Joseph and Grand
Island RR. Co., whose property was sold under foreclosure Dec. 23, 1896 (see MANUAL
for 1896, page 943). The terms under which this company has trackage rights between
St. Joseph and Kansas City, Mo., are as follows: St. Joseph to Gower, 19.95 miles, rental
and proportion of maintenance; Gower to Suburban June., Mo., 35.6 miles, fixed rental;
Suburban June, to Kansas City, 4.20 miles, rental on basis of business handled. The
contracts expire, with A., T. & S. F. Ry. in 1923, with Q., O. & K. C. RR. and K. C.
Southern Ry. in 1917.
3. Rolling Stock, June 30, 1902. — Locomotives, 29. Cars — passenger, 14; baggage,
mail, and express, 6; freight (box, 547; flat, 15; stock, 202; coal, 44), 808; service, 50 —
total, 878.
4-. Operations, year ending June 30, 1902. — Train mileage — passenger, 279,974;
freight, 296,152; mixed, 183,960— total, 760,086 miles. Passengers carried, 275,231; car-
ried one mile, 8,512,046; average mile rate, 2.35 cents. Tons freight moved, 627,594;
moved one mile, 77,779,600; average ton-mile rate, 1.32 cents.
5. General Income Account, year ending June 30, 1902.
EARNINGS.
1900-01
$222,878 98
1901-02
$208,390 76
EXPENSES.
Maint. of Wav A Structures.. . .
1900-01
$147,633 03
1901-02
$155,610 00
Freight
. . . 1,076,145 68
1,025,339 00
Maintenance of Equipment
82,977 62
111,210 12
Mail and Express
53,373 92
53,595 79
Conducting Transportation
518,137 77
523,393 88
47556 24
62464 69
General Expenses
62,906 23
62,170 39
Totals
. $1,399,954 82
$1,349,790 24
Totals
$811,654 65
$852,384 39
Averaees rx>r Mile
4.484 02
4.323 34
Averaees Der Mile. . . ,
2.599 71
2.730 16
Net earnings, 1901-02 (36.85 p. c.), $497,405.85. Payments: Interest on funded debt,
$122,500; taxes, $81,941.53; dividends on 1st preferred stock (Nos. 9 and 10, 2y2 p. c.
each, paid Jan. 15 and July 15, 1902), $274,902.50; construction charged to income ac-
count, $362.12— total, $479,706.15. Surplus, $17,699.70.
6. Statement of the income and charges for eight years (St. J. & G. I. RR. Co.,
1895-97; St. J. A G. I. Ry. Co., 1898-1902) :
tltStttttii - - Year Ending
Mile-
age
Oper-
ated.
Gross
Earnings.
Working
Expenses.
Taxes.
Surplus
Earnings,
Taxes
Deducted.
Miscella-
neous
Income.
Total
Income.
In-
terest
on
Bonds.
Other
Charges.
Total
Charges.
Surplus.
251.06
251.06
251.06
251.06
312.21
312.21
312.21
312.21
$
614,078 11
724,169 60
316,228 92
1,232,499 06
1,261,060 06
1,404,694 85
1,399,955 00
1,349,790 24
$
503,35733
571,81080
223,280 84
747,668 58
911,01388
993,821 92
811,65500
852,38439
$
97,127 30
64,338 56
35,752 83
76,197 00
75,973 06
78,799 87
82,487 00
81,941 53
$
13,593 48
88,020 24
57,195 25
408,633 48
274,073 12
332,073 06
505,812 00
415,464 32
$
I
13,593 48
93,319 30
57,320 02
409,486 31
274,073 12
332,073 06
505,812 00
415,464 32
$
420,000
420,000
35,000
70,000
87,500
105,000
105,000
122,500
9
*18,133 97
116 11
18,486 65
315,724 75
177,345 54
173,363 19
275,408 00
275,264 62
S
401,866 03
420,116 11
53,486 65
385,724 75
264,845 54
278,363 19
380.408 00
397,764 62
$
§388,272 55
§326,796 81
§3.833 37
23,761 56
9,227 58
53,709 87
125,404 00
17,699 70
5,299 06
124 77
852 83
* Credit. f For the period Feb. 28 to July 1, 1897. t Years ending June 30. § Deficit.
7. Profit and LOSS Account, June 30, 1902.— Balance, June 30, 1901, $226,-
646.58; surplus for year ending June 30, 1902, $17,699.70; vouchers and pay rails previ-
POOR'S MANUAL OF RAILROADS.
529
ous to July 1, 1901, cancelled during year ending June 30, 1902, $167.43; sundry credits,
$194.28 — total, $244,707.99. Contra: Disputed bills rendered prior to July 1, 1901, can-
celled during year ending June 30, 1902, $3,500; expenditures during year, chargeable to
previous year, $5,750; sundries, $900; balance, profit, June 30, 1902, $234,557.99 — total,
$244,707.99.
8. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $16,916,817 02
New Construction 129,829 49
New Equipment 232,42114
Real Estate 2,05950
Right of Way 1,38730
Materials and Supplies 86,70351
Current Assets 272,10239
Cash 131,623 28
Prepaid Insurance 1,633 36
Unadjusted Accounts 3,429 16
Total Assets $17,778,006 15
Capital Stock Paid in ($100 shares). $13,598,500 00
Funded Debt Outstanding 3,500,00000
Accrued Interest on Bonds, not Due. 70,000 00
Dividend on 1st Preferred Stock 137,462 50
Current Liabilities 154,689 86
Accrued Taxes, not Due 34,93878
Renewal Accounts 44,62012
Freight Overcharge Account 3,236 91
Profit and Loss 234,55799
Total Liabilities $17,778,00616
9. Capital Stock. — The capital stock outstanding as per general balance sheet consists of
$4,600,000 common stock, being the total authorized issue ; $5,497,600 1st preferred 5 p. c. non-cumu-
lative stock ($5,500,000 authorized, less $1,500 in treasury), and $3,500,000 2d preferred 4 p. c.
non-cumulative stock. The voting trust in which the entire capital stock was deposited at the time
of the reorganization expired on Jan. 1, 1902, and the shares were delivered to the stockholders.
10. Funded Debt — The funded debt consists of 1st gold 3s (4s after Jan. 1, 1902) of Jan. 1,
1947. The authorized issue is $5,000,000. Of the unissued bonds, $500,000 are reserved for future
use, to be issued at not exceeding the rate of $100,000 a year, while the remaining $1,000,000 can
be issued only for additional mileage, at not exceeding the rate of $6,000 per mile. The trustee
holds as additional security under the mortgage 1,250 shares of stock of the St. Joseph Terminal
RR. Co. and 10 shares of stock of the St. Joseph Union Depot Co. Further particulars respecting
the funded debt are in the Ready Reference Bond List — see General Index.
11. Directors (as constituted May 1, 1903). — Townsend Hornor, C. H. Imhoff, Fred.
G. Reighley, New York, N. Y.; Raymond Du Puy, W. T. Van Brunt, Graham G. Lacy,
St. Joseph, Mo. ; F. C. Kern, J. V. Lemoine, C. K. Finley, Hiawatha, Kan.
W. T. VAN BRUNT, President St. Joseph, Mo.
Raymond Du Puy, Vice-Pres. and Gen. Manager
Secretary — F. W. Russell St. Joseph, Mo. | Treasurer — Graham G. Lacy St. Joseph, Mo.
Auditor and Cashier — F. C. Uhlman St. Joseph, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Joseph, Mo.
ST. LOUIS AND SAN FRANCISCO RAILROAD COMPANY.
(For map of this system, see page 531.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capitalization per mile 20
Capital Stock 11
Directors and Officers 26
Earnings, Expenses.etc., 1902. 6
Equipment Trust Notes 16
Funded Debt, Details of 14
Gen. Balance Sheet 10
History 4
Income Account 6
Land Department 22
Leased Lines, Statements for. 24
Mileage of System, 1903 3
Mileage Operated, 1902 1, 2
Operations, 1901-1902 8
Preferred Stock Preference... 11
Profit and Loss Acct., 1902. . . 9
Rentals of Leased Lines 7
Rolling Stock 5
St. L., M. & S. E. Collateral
Trust Notes 15
Stocks and Bonds In Treas. 19
Stocks and Bonds Pledged. . . 21
Trust Certificates, C. & E. I.
Stock 13
Trust Certificates, K. C., F.
S. & M. Pref. Stock Col. . . 12
1. Mileage Operated, June 30, 1902 (see Sec. 2 for details).
8t. Louis and San Francisco Railroad 2,007.60 miles.
Kansas City, Fort Scott and Memphis Railway 854.70
Kansas City, Memphis and Birmingham Rbilroad 285.66
Paris and Great Northern Railroad 16.94
St. Louis, San Francisco and Texas Railway ? 15.84
Red River, Texas and Southern Railway 87.34
For* Worth and Rio Grande Railway 146.16
Total length of lines operated in the system, June 30, 1902 3,414.24 miles.
Of the total of 3,414.24 miles operated, 3,286.21 miles are owned by the companies
comprising the system, and 128.03 miles are operated under agreements with other com-
530
POOR 8 MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
panics. The detailed mileage statement (Section 2) shows the lines operated by each
company of the system. The average main track mileage in the system, operated during
the year ending June 30, 1902, was 3,252.35 miles, as against 2,922.85 miles for the pre-
ceding fiscal year.
Nominally the St. Louis and San Francisco RR. Co. operates no more than the
2,862.30 miles of road designated " St. Louis and San Francisco RR." and " Kansas City,
Fort Scott and Memphis Ry.," but the accounts and statistics of all the roads embraced
in the system on June 30, 1902, are combined in its annual report, and are no longer
published separately. For that reason this statement has been made to cover the entire
system as of June 30, 1902, and the separate statements for the leased and auxiliary
roads, except as in Section 23, have been eliminated from the MANUAL.
A bill has been passed by the Texas Legislature authorizing the consolidation of the
Paris and Great Northern RR., St. Louis, San Francisco and Texas Ry., Red River, Texas
and Southern Ry., Fort Worth and Rio Grande Ry., Blackwell, Enid and Texas Ry.
(the section of the Blackwell, Enid and Southwestern Ry. lying in Texas), and Oklahoma
City and Texas RR., under the name of St. Louis, San Francisco and Texas Ry.
2. Lines Operated. — Statement showing in detail the mileage operated by the
several companies embraced in the St. Louis and San Francisco Railroad System, on
June 30, 1902:
8t. Louis & San Francisco RR. (2,007.60 miles.) :
Miles.
St Louis, Mo., to Oklahoma City, O. T... 543.09
Sapula, Ind. T., to rted River. Tex 192.90
Monett, Mo., to Red River, Tex 286.13
Pierce City, Mo., to Ellsworth, Kan 323.80
Springfield to Kansas City, Mo. (3.8 m.
trackage) 189.49
Beaumont, Kan., to Blackwell, O. T 79.73
Girard to Galena, Kan 49.68
Oronogo to Jopl in, Mo 9.32
Springfield to Chadwick, Mo 34.86
Cuba June, to Salem, Mo., and branches. 52.69
Rogers, Ark., to Grove, Ind. T 47.16
Fayetteville to Pettigrew, Ark 41.32
Jenson to Mansfield, Ark 18.34
Pittsburg to Weir City, Kan., and Mines. 10.48
Springfield Connecting Ry 3.18
Granby, Mo., to Granby, Mines 1.50
Blackwell, O. T., to C. & N. Crossing.... 84.33
Oklahoma City, O. T., to Chickasha, I. T. 39.60
The Kansas City, Ft. Scott & Memphis Ry.
(854.70 miles) :
Kansas City, Mo., to Arcadia, Kan 117.00
Springfield, Mo., to Memphis, Tenn 285.78
Linton, Kan., to Carbon Center, Mo 25.17
Washburn to Webb City, Mo 80.17
Arcadia to Cherryvale, Kan 74.50
Weir City Junction to Weir City, Kan... 3.94
Greenfield to Aurora, Mo 37.67
Baxter, Kan., to Miami, Ind. T 13.07
Deckerville to Luxora, Ark 36.30
Willow Springs to Grandin, Mo 81.95
Miami to Afton, Ind. T 13.09
Jacques Junction Extension 1.06
Arcadia to Springfield, Mo. (trackage) .. 85.00
Kansas City, Memphis & Birmingham RR.
(285.66 miles) : Miles.
Memphis, Tenn., to Birmingham, Ala 265.51
Pratt City to Bessemer, Ala 11.06
Empire Branch 9.09
Fort Worth and Rio Grande Ry. :
Fort Worth to Brown wood, Tex 146.16
Red River, Texas and Southern Ry. :
Sherman to Fort Worth, Tex. (29.8 m.
trackage) 87.34
St. Louis, San Francisco & Texas Ry. :
Red River to Sherman, Tex. (9.43 m.
trackage) 16.84
Paris & Great Northern RR. :
Red River to Paris, Tex 16.94
Mileage Operated, June 30, 1902 3,414.24
Deduct mileage of trackage rights :
Kansas City Suourban Belt RR. :
Knoche Jc. to Kansas City, Mo. 3.80 m.
K. C., Clinton & Sp. RR. :
Arcadia to Springfield, Mo 85.00m.
Houston & Texas Central RR. :
Denison to Sherman, Tex 9.43m.
St. Louis Southwestern Ry. :
Carrollton Jc. to Hedge, Tex.. .29.80 m.— 128.03
Mileage owned by companies of
System, June 30, 1902 3,286.21
SUMMARY OF TRACK MILEAGE OF THE SYSTEM, JUNE 30, 1902.
St. Louis and San Francisco RR
The Kansas City, Fort Scott & Memphis Ry
Kansas City, Memphis & Birmingham RR. .
Fort Worth & Rio Grande Ry
Red River. Texas & Southern Ry
St. Louis, San Francisco <5r Texas Ry
Paris & Great Northern RR. . . .'
Totals. .
First
Track.
Miles.
2,007.60
864.70
285.66
146.16
87.34
15.84
16.94
3,414.24
Second Side Total Steel
Track. Track. Track. Rails.
Mile». Miles. Miles. Miles.
1.76 369.35 2,378.71 2,378.71
23.90 300.40 1,179.00 1,179.00
76.46 362.12 362.12
14.79 160.95 160.95
12.87 100.21 100.21
7.51 23.35 23.35
5.62 22.56 22.56
25.66 787.00 4,226.90 4,226.90
Gauge, 4 ft, Syz in. Rail (steel), 40 to 85 Ibs.
581
532 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
3. Railroads acquired since June 30, 1902.— After the close of ita fiscal year
the St. Louis and San Francisco RR. Co. acquired the control of the Chicago and Eastern
Illinois RR. Co., St. Louis, Memphis and Southeastern RR. Co. and St. Louis and Gulf
Ry. Co. In consequence of these and other acquisitions, noted in Section 4, the mileage
of the system was as follows on May 1, 1903:
St. Louis & San Francisco RR 3,292.89 miles.
Kansas City, Memphis & Birmingham RR 285.66
Fort Worth & Rio Grande Ry 195.87
Red River, Texas & Southern Ry 88.82
Birmingham Belt RR 15.81
Chicago & Eastern Illinois RR 748.00
St. Louis, Memphis & Southeastern RR 257.20
St. Louis & Gulf Ry 230.00
St. Louis, San Francisco & Texas Ry 14.45
Paris & Great Northern RR 16.94
Total 5,145.64 miles.
Fuller particulars of the developments since June 30, 1902, will be found in Section
4, and separate statements for the controlled companies will be found in subordinate posi-
tions to, or following, this statement.
4. History. — Reorganization, June 29, 1896, of the St. Louis and San Francisco Ry.
Co. The length of lines then acquired by the company was 1,046.19 miles (see MANUAL
for 1897, page 714). On various subsequent dates the company acquired the Kansas City
and Southwestern RR., the St. Louis, Salem and Arkansas RR,, the Central Division of
the Atlantic and Pacific RR., the St. Louis and Oklahoma City RR., the Kansas, Okla-
homa and Gulf RR., the Kansas City, Osceola and Southern Ry., the Kansas Midland Ry.,
the Arkansas and Oklahoma RR., the Oklahoma City Terminal Ry. and the St. Louis,
Oklahoma and Southern Ry., thereby increasing its mileage owned to 1,901.74 on June
30, 1901, as shown in the MANUAL for 1902, page 751.
Acquisition of Kansas City, Fort Scott and Memphis System. — In the spring of 1901,
persons in the interest of this company purchased substantially the whole capital stock
of the Kansas City, Fort Scott and Memphis RR. Co. and of the Kansas City, Memphis
and Birmingham RR. Co. On June 14, 1901, the Kansas City, Fort Scott and Memphis
Ry. Co. was organized, and to it were conveyed the shares thus acquired. That company
afterwards acquired the properties of the Kansas City, Fort Scott and Memphis Ry. Co.
(of Oklahoma), Kansas City, Fort Scott and Memphis RR. Co. and Current River
RR. Co. The St. Louis and San Francisco RR. Co. owns the capital stock of the
Kansas City, Fort Scott and Memphis Ry. Co., and that company owns the capital stock
of the Kansas City and Memphis Ry. and Bridge Co., and of the Kansas City, Memphis
and Birmingham RR. Co. Effective Aug. 23, 1901, a 99-year lease of the Kansas City, Fort
Scott and Memphis Ry. and of the Kansas City and Memphis Ry. and Bridge property was
made to the St. Louis and San Francisco RR. Co. at a rental equivalent to the interest
on the bonds for which the Kansas City, Fort Scott and Memphis Ry. Co. was liable, and
dividends at the rate of 4 per cent, per annum on its preferred stock. The preferred stock,
being all owned by the St. Louis and San Francisco RR., has been deposited in escrow
as the basis for an issue of an equal amount of trust certificates entitled to dividends at
the rate of 4 per cent, per annum and redeemable and payable by this company within
twenty years from Oct. 1, 1901.
Acquisition of Fort Worth and Rio Grande Ry. — In May, 1901, and subsequently the
St. Louis and San Francisco RR. Co. acquired the capital stock of the Fort Worth and Rio
Grande Ry. Co., whose line extended from Fort Worth to Brownwood, Tex., 146.16
miles. An extension from Brownwood to Brady, Tex., about 47 miles, was completed early
in 1903, and further extensions to San Antonio and to the Mexican border, are projected.
Construction of Red River, Texas and Southern Ry. — Under the charter of the Red
POOR'S MANUAL ST. LOUIS AND SAN FRANCISCO RR. CO. 533
River, Texas and Southern Ry. Co. a line has been constructed from Sherman to Carroll-
ton, Tex., 52.98 miles, connecting the Red River Division of the St. Louis and San Fran-
cisco RR. with the St. Louis Southwestern Ry. of Texas, and a belt line 4.56 miles in
length has been constructed at Fort Worth, connecting the Fort Worth and Rio Grande
Ry. with the St. Louis Southwestern Ry. of Texas. Trackage rights have been acquired
in the St. Louis Southwestern Ry. of Texas, from Carrollton to Fort Worth, 29.8 miles,
completing the connection between the St. Louis and San Francisco RR. and the Fort
Worth and Rio Grande Ry. The through line was opened for traffic on March 23, 1902.
The Red River, Texas and Southern Ry. Co. is controlled by the St. Louis and San Fran-
cisco RR. Co.
Blackwell, Enid and Southwestern Ry. — On Feb. 27, 1902, an agreement was made
with the Construction Company building the Blackwell, Enid and Southwestern Ry., to
purchase, at completion, that road then under construction, extending in a southwesterly
direction from Blackwell, Okla., to Vernon, Tex., a distance approximately of 251 miles,
together with its equipment. The price agreed to be paid for the completed road together
with equipment costing $3,000 per mile, is $18,000 per mile of main track in refunding
mortgage bonds of this company at par. On the day on which the purchasing agreement
was entered into, a temporary lease was also executed, whereby the Construction Com-
pany turned over to this company, on March 1, 1902, 84.33 miles of the completed line
between Blackwell, Okla., and the Choctaw Northern Ry. crossing, and that section has
since been operated as a part of this system. The rest of the line was taken over for
operation as part of this system on Feb. 8, 1903.
Oklahoma City and Western RR. — On April 4, 1902, an agreement was made with
the St. Louis Trust Co. to purchase the Oklahoma City and Western RR. on its comple-
tion, between Oklahoma City, Okla., and Quanah, Tex., a distance of approximately 184
miles. The price agreed upon is $17,000 per mile of completed road, together with such
amount as shall have been expended for equipment. Pending the completion of the entire
line, an operating agreement was entered into on May 27, 1902, whereby the contractors
turned over to this company, on June 22, 1902, that portion of the line then completed
between Oklahoma City and Chickasha, Ind. T., 39.60 miles, and from that date it has
been operated as a part of this system. An extension from Chickasha to Snyder, Okla., 84
miles, was taken over for operation as part of the system on Feb. 8, 1903, and the rest
of the line, from Snyder, Okla., to Quanah, Tex., 60 miles, on March 29, 1903.
*****
Birmingham Belt RR. — This company bought, as of June 3, 1902, the property of
the Birmingham Belt RR. Co., consisting of 15.81 miles of terminal tracks in the city of
Birmingham, Ala., together with its equipment; also valuable real estate, franchise, and
buildings in the city of Birmingham. The tracks of the Birmingham Belt RR. are uaed
to interchange freight between the various railroads centering at Birmingham, Ala., and
the different industries along its tracks. By acquiring this property the system has
greatly improved and strengthened its position in the city of Birmingham, Ala., and
tributary territory.
Control of Chicago and Eastern Illinois RR. Co. — In Aug., 1902, the company ac-
quired the control of the Chicago and Eastern Illinois RR. Co. by purchasing about 60
per cent, of its preferred stock and about 92 per cent, of its common stock — say 80 per
cent, of its outstanding capital stock — on the terms outlined in Section 13. The main
line of the Chicago and Eastern Illinois RR. extends from Chicago, 111., to Thebes on
the Mississippi River near Cape Girardeau. At Thebes connection is made with the St.
Louis and San Francisco System, a transfer boat being used pending the completion of
Thebes bridge.
Taylor City Belt Ry. — About two miles of track have been built by the Taylor City
Belt Ry. Co. to connect the tracks of this company and those of the Missouri Pacific Ry.
Co. with the World's Fair site of the Louisiana Purchase Exposition Co., in Forest Park,
634
POOR S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
St. Louis. The capital stock of the Taylor City Bolt Ry. is owned one-half by each of the
two companies interested. The tracks were completed and ready for use in September,
1902.
St. Louis, Memphis and Southeastern RR. — Effective Nov. 1, 1902, the com-
pany purchased the entire capital stock of the St. Louis, Memphis and Southeastern RR.
Co., amounting to $12,500,000, and issued $4,000,000 of 4 per cent, collateral trust notes
in payment therefor. The St. Louis, Memphis and Southeastern RR. will extend, when
completed, from St. Louis, Mo., to Luxora, Ark, 249 miles, with a branch from Cape
Girardeau, Mo., to Hoxie, Ark., 129 miles, and a branch from Mingo to Hunter, Mo.,
46 miles — a total of 424 miles. The road is in operation from Cape Girardeau to Hoxie,
129 miles; from Cape Girardeau to Luxora, 126 miles; from Ste. Genevieve to St. Mary's
Junction, 11.5 miles, and from Mingo to Hunter, 43 miles. Construction is in progress
on the extension from Cape Girardeau to St. Mary's Junction and from Ste. Genevieve
to St. Louis. At Luxora connection is made with the Deckerville-Luxora Branch of the
Kansas City, Fort Scott and Memphis Ry., and when the line from Cape Girardeau to St.
Louis is completed, a new and short route will be opened between St. Louis, Memphis and
Birmingham.
St. Louis and Gulf Ry. — The St. Louis and San Francisco RR. Co. purchased, in Nov.,
1902, the entire capital stock of the St. Louis and Gulf Ry. Co, amounting to $6,000,000.
The St. Louis and Gulf Ry. Co. owns 197 miles of completed road (Cape Girardeau to
Caruthersville, Mo., 122 miles; Gibson to Caligoa, 16 miles; Kennett to Leechville, 26
miles; Pascola to Deering, 6 miles; Bloomfield to Zalma, 24 miles; and Aquilla to Zeta,
3 miles), and has 36 miles additional under construction or partly finished.
The Kansas Southwestern Ry. Co. — This company purchased from The Atchison, To-
peka and Santa Fe Ry. Co. one-half interest in the Kansas Southwestern Ry., extending
from Arkansas City to Anthony, Kan., a distance of 59.35 miles. Since October 26, 1901,
this road has been operated independently for account of the two companies owning it.
It has no floating or bonded debt.
Control Acquired by Rock Island Company. — Under date of May 12, 1903, a circular
was issued by Messrs. J. P. Morgan & Co., offering to purchase all or not less than 225,000
shares of the common stock of this company for and in behalf of the Chicago, Rock Island
and Pacific RR. Co., at the price of $60 per share in 5 per cent, gold bonds of the Chicago,
Rock Island and Pacific RR. Co. and $60 per share in common stock of the Rock Island
Co. Up to Aug. 13, 1903, shares of common stock to the number of 282,940 were de-
posited in acceptance of this offer.
5. Rolling Stock, June 30, 1902. — Locomotives, 510. Cars — passenger (1st class,
84; 2d class, 50; chair, 48; combination, 53), 235; baggage, mail and express, 90; freight
(box, 7,042; fruit, 81; stock, 984; coal, 7,136; flat, 587: refrigerator, 107; furniture,
736), 16,673; service, 755— total, 17,753.
6. General Income Account, year ending June 30, 1902.
Earnings— Passenger $4,253,757 73
Freight 15,606,243 15
Mail and Express 998,071 76
Miscellaneous 762,80985
Total ( $6,647.77 per mile ) $21,620,882 49
Net Earnings (37.69 p. c.) $8,148,411 89
Miscellaneous Income 177,69950
Land Department Receipts 19,460 88
Total Net Income $8,345,57227
Expenses— Maint. of Way and Struc.. .$2,978,847 14
Maintenance of Equipment. 2,212,306 07
Transportation and Traffic. 7,649,347 03
General 631,97036
Total ( $4,142.38 per mile) $13,472,470 60
Interest on Funded Debt $3,191,72015
Taxes 360,75897
Rentals of Leased Lines 2,434,06878
Rents of Tracks and Terminals 81,54577
Total Payments $6,068,093 67
Net profits, $2,277,478.60. Deduct for dividends (4 p. c. on first and second preferred
stock), $805,281.06. Surplus carried to credit of profit and loss, $1,472,197.54.
POOR'S MANUAL — ST. LOUIS AMD SAN FRANCISCO RR. CO.
536
7. Statement showing details of rental of leased lines for the fiscal year ending
June 30, 1902:
Interest on Debt.
K. C.( F. S. & M. RR. Co., Consolidated 6 p. c. Bonds $824.160 00
K. C., F. S. & G. RR. Co., 1st Mortgage 7 p. c. Bonds 150,612 0(
F. S., S. E. & M. RR. Co., 1st Mortgage 7 p. c. Bonds 39,969 99
Memphis, Kansas & Colorado RR. Co., Trust Mortgage 7 p. c. Bonds , 34,440 00
Kansas & Missouri RR. Co., 1st Mortgage 5 p. c. Bonds 19,500 00
The Kansas Equipment Co., 1st Mortgage 5 p. c. Bonds 38,050 00
The Ozark Equipment Co., 1st Mortgage 5 p. c. Bonds 40,116 66
The Ft Scott Equipment Co., 1st Mortgage 6 p. c. Bonds 15,960 00
Short Creek & Joplin RR. Co., 1st Mortgage 7 p. c. Bonds 1.096 67
The K C F S & M. Ry. Co., Refunding Mortgage 4 p. c. Bonds 362,058 89
Current River RR. Co., 1st Mortgage 5 p. c. Bonds 80,300 00
St Charles Car Co., Equipment Notes 750 50
Pittsburg Locomotive Works, Equipment Notes 2,525 00
K. C. & M. Ry. & Bridge Co., 1st Mortgage 5 p. c. Bonds 125,000 00
Total $1.734,539 71
Less, Arcadia Line Interest 110,00000
Total Interest on Debt $1,624,539 71
Add, Taxes 22JA4,?«, 2i
Rental of Tracks and Terminals — Between Arcadia and Springfield 38,958 37
Traffic Contract with K. C., M. & B. RR. Co 35,343 35
Sinking Funds 15,653 34
Guarantee of Interest on K. C., C. & S. Ry. Co. Bonds, paid 86,625 00
Dividend on K. C., F. S. & M. Ry. Co., Preferred Stock Certificates 405,300 00
Total Rental of Leased Lines $2,434,068 78
8. Statement showing the results from the operation of the system for the year
ending June 30, 1902, and of practically the same mileage for the year ending June 30,
1901:
1901
1902
1901
1902
Train Mileage — Passenger
4,683,742
7,692,241
5,344,179
8,761,189
S
7.914,392
175,149
11,659
$
8,148,412
177.699
19,461
Freight
Total.
12,375,983
3,740,969
170,486,848
2.200 c.
8,798,261
1,540,205,003
0.894 c.
*
3,752,995
13,920,672
921,852
728,759
14,105,368
3,678,344
185,236,488
2.296 c.
9,068,650
1,637,557,119
0.953 c.
S
4,253.758
15,606,243
998,072
762,810
8,101,200
2.586,658
1,887,672
75,097
338,075
220,619
995,920
8,345,572
3,191,720
2,434,069
81,546
360,759
Passengers, One Mile
Interest on Bonds
Earnings per Passenger per Mile. . .
Tons Freight Moved
Lease Rentals
Tons Moved, One Mile
Earnings per Ton per Mile
Taxes
Improvements, etc
*Dividends
805,281
Freight
6,104,041
1,997,159
2,922.85
6,611 45
3,903 69
2,707 76
59.04 p. c.
6,873,375
1.472.197
3,252.35
6,64777
4,142 38
2,50539
62.31 p. c.
Mail and Express
Miscellaneous
Miles Road Operated (average). . . .
Totals
19.324,279
6,180,104
2,624,416
2,005,404
599,963
21,620,882
7,649,347
2,978,847
2,212,306
631,970
Expenses— Transportation
Maint. of V/ay
Operating Expenses per Mile
Equipment
General ....
Totals
11,409,887
7,914.392
13,472,470
8,148,412
W«t Furpjnga
* In 1902, 4 p. c. each on 1st and 2d preferred stock ; in 1901, 4 p. c. on 1st preferred stock,
2J p. c. on 2d preferred stock, and 4 p. c. on Kansas City, Fort Scott and Memphis common stock.
9. General Profit and Loss Account, year ending June 30, 1902.— Balance
at credit June 30, 1901 (St. L. & S. F. RR. Co., $1,910,668.87; K. C., F. S. & M. Ry.
Co., $623,832.10; K. C., M. & B. RR. Co., $648,046.42; F. W. & R. G. Ry. Co., $146,-
388.64), $3,328,936.03; surplus income, year ending June 30, 1902, $1,472,197.54; mis-
cellaneous accounts closed, $88,510.34; over provision for taxes, fiscal year 1901, now
credited back, $54,056.11— total, $4,943,700.02. Contra: Amounts from suspense ac-
530
POORS MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
count, being difference between cost of underlying bonds refunded and proceeds of re-
funding bonds sold, also commissions paid therefor, $600,000; discount on K. C., F. S. &
M. Ry. Co. refunding bonds, $33,588.07 ; cost of internal revenue stamps affixed to 499,926
shares of capital stock, and cost of printing and engraving the certificates, $13,923.50;
engraving, recording and certifying refunding bonds, also legal expenses, etc., in connec-
tion therewith, $45,846.95; book value of 5,382 shares of Eureka Improvement Co. stock
written off, also this company's proportion of foreclosure expenses, $2,240.78; book value
of 120 shares of St. Louis Exposition and Music Hall Association stock written off,
$960; discount on 17,230 shares St. L. & S. F. RR. Co. 2d preferred stock sold, $516,900;
taxes for 1901 in lands in New Mexico and Arizona, $10,446.48; excess expenditures in
construction of St. Louis, Oklahoma and Southern Ry. over bond issue, $109,254.14; sun-
dry surveys, $18,938.73; interest for year ending June 30, 1901, on K. C., M. & B. RR.
Co. income bonds, $316,139; F. W. & R. G. Ry. Co., worthless accounts written off,
$5,999.99— total, $1,674,237.64. Balance at credit, June 30, 1902, $3,269,462.38.
1O. General Balance Sheet, June 30, 1902.
Franchises and Prop. (Sec. 18) $100,632,12182
Stocks and Bonds Owned (Sec. 19).. 1,744,89265
Suspense Account* 5,677,50999
Auxiliary Properties and Franchises 28,700,09678
Leasehold Estate (K.C.,F.S.&M.Ry.) 62,000,61000
Blair & Co. Trust Equip. ( Sec. 16) ... 1,245,000 00
Refunding Bonds in Trust 200,00000
Special Master, Kan. Mid. Ry 87321
Cash in Treasury 370,72396
Coupons and Sinking Funds 918,91028
Current Accounts 2,876,477 75
Supplies on Hand 1,096,34283
Unadjusted Accounts 196,976 09
Construction Advances (Sec. 17) 1,222,80409
Redemption of Trust 6s 1,23000
Cost of Bonds Acquired for Dis-
bursements made under Provision
of Mortgage 3,005,74154
K. C., F. S. & M. Refunding Bonds
In Treasury 452,50000
Trustees Sinking Fund Accounts.... 973,73728
St. Louis World's Fair Stock 17,50000
Total Assets $211,334,04807
Capital Stock — First Preferred $6,000,00000
Second Preferred . . 16,000,000 00
Common 29,000,00000
Auxiliary Comp's... 12,084,10000
The K.C.,F.S.&M.Ry. 28,510,000 00
Funded Debt — St. L.& S.T. RR. Co... 59,020,92500
Auxiliary Comp's.... 16,671,92000
The K.C.,F.S.&M.Ry. 33,490,61000
Equip. Notes, Blair & Co. ( Sec. 16) . . 1,245,000 00
Improve. & Equip. Fund, N. W. Div. 200.00000
Special Master, Kan. Mid. Ry 87321
Notes Payable (see Sec. 17) 840,00000
Accrued Interest and Taxes 841,98591
Current Accounts 3,967,168 72
Sinking Funds Accrued 1,096,41399
Interest Fund, K. C., O. & S. Ry.... 60,28385
Trustees Account Traffic Guaranty,
K. C., F. S. & M. Ry 6,01832
Imp. Fund, K.C.& M.Ry.& Bridge Co. 18,089 29
Land Income Account (K. C., F. S.
& M. Ry) 32,20740
Profit and Loss 3,269,46238
Total Liabilities $211,334,048 07
* Difference between cost of underlying bonds refunded and proceeds of 4 p. c. refunding bonds
sold therefor, to be charged to profit and loss account in installments.
11. Capital Stock. — The authorized capital stock of the St. Louis and San Francisco RR. Co.
is $100,000,000, in shares of $100 each, consisting of $5,000,000 1st preferred stock, $31,000,000 2d
preferred stock, and $64,000,000 common stock. The preferred stock, in the order of preference, is
entitled to non-cumulative dividends at the rate of 4 p. c. per annum, in priority to common stock.
It is provided that no further mortgage shall be placed upon the property, nor the amount of tne
preferred stock be increased, except with the consent, in either instance, of the holders ol a majority
of each class of preferred stock, given at a meeting called for the purpose, and of such part of com-
mon stock as shall be represented at the meeting. The St. Louis and San Francisco RR. Co. owns
all the capital stock of The Kansas City, Fort Scott and Memphis Ry. Co. and practically all tne
capital stock of the auxiliary companies ; the capital stock of the St. Louis and San Francisco RR.
Co., therefore, may be said to represent the ownership of the entire system.
12. Kansas City, Fort Scott and Memphis Preferred Stock Trust Certificate*. —
The preferred stock of the Kansas City, Fort Scott and Memphis Ry. Co., $13,510,000 in amount, la
deposited as collateral to an issue of trust certificates of this company to an equal amount. The
certificates are authorized to the amount of $15,000,000, and are entitled to dividends at the rate
of 4 p. c. per annum, payable in gold. They are redeemable at any time at par and accrued divi-
dends, and will be payable in 20 years from Oct. 1, 1901. The preferred stock against which tney
are issued is guaranteed dividends at the rate of 4 p. c. per annum, under the terms of the lease
made by the Kansas City, Fort Scott and Memphis Ry. Co. to the St. Louis and San Francisco RR.
Co. (see Sec. 4).
13. Chicago and Eastern Illinois Stock Trust Certificates. — In a circular dated
Aug. 7, 1902, the St. Louis and San Francisco RR. Co. offered to purchase the common and pre-
ferred stock of the Chicago and Eastern Illinois RR. Co. at the price of $150 per share for the pre-
ferred stock and $250 per share for the common stock, payment to be made, respectively, in pre-
ferred stock trust certificates entitled to dfvidends at the rate of 6 p. c. per annum, in respect of
each share of preferred stock represented thereby, and in common stock trust certificates entitled
to dividends at the rate of 10 p. c. per annum, in respect of each share of common stock represented
thereby. As of Dec. 1, 1902, $4,055,900 of the $6,830,700 outstanding preferred stock and $6,622,-
100 of the $7,217,800 outstanding common stock of the Chicago and Eastern Illinois RR. Co. nafl
POOR S MANUAL ST. LOUIS AND SAN FRANCISCO RR. CO.
537
been acquired under these terms, the company issuing preferred stock trust certificates of the
value of $6,083,850 in payment of the preferred stock, and common stock trust certificates of the
value of $16,555,250 in payment for the common stock. The preferred stock trust certificates and
the common stock trust certificates are issued under separate agreements, dated Oct. 1, 1902, be-
tween the St. Louis and San Francisco RR. Co. and the Colonial Trust Co., and are secured by de-
posit of the respective shares against which they were issued. They are payable July 1, 1942, but
may be redeemed on any dividend day on 30 days' notice, the preferred dividend days being the 1st
of Jan., April, July and Oct., and the common dividend days the 1st of Jan. and July. Additional
trust certificates may be issued under like terms in exchange for the remainder of the common and
preferred stock of the Chicago and Eastern Illinois RR. Co.
14. Funded Debt — The funded debt outstanding on June 30, 1902 — total, $109,183,455, an
per general balance sheet — consisted of the several issues of bonds listed in the following state-
ment. Additional particulars respecting any issue will be found in the paragraph relating thereto
appended to the statement ; and the details of funded debt outstanding on or about Aug. 1, 1903.
will be found in the Ready Reference Bond List — see General Index :
St. Louis & San Francisco RR. Co. ($59,020,925).
(1) $2,050,300 St.L.&S.F.Ry.ser.6s of Nov. 1, 1906.
(2) 141,000 St.Cl&S.F.Ry. M. & W. Div. 1st 6s
of Aug. 1, 1919.
(3) 203,000 St.L.&S.F.Ry.trust 6s of Aug.1,1920.
(4) 439,000 St.L.&S.F.Ry.trust 5s of Oct.1,1987.
(5) 3,714,000 St.L.&S.F.Ry.gen.6s of July 1, 1931.
(6) 5,803,000 St.L.&S.F.Ry.gen.5s of July 1, 1931.
(7) 306,000 St.L.,W.&W.Ry.lst6s of Sept.1,1919.
(8) 72,000 F.S.&V.B.Br. 1st 6s of April 1, 1910.
(9) 1,573,125 consol. mtge. 4s of July 1, 1996.
(10) 829,000 Southwestern Div.lst5sofOct.l,1947.
(11) 145,000 Central Div. 1st 4s of April 1, 1929.
(12) 50,500 Northwn.Div.lst 4s of April 1,1930.
(13) 43,695,000 refunding 4s of July 1, 1951.
Kansas City, Fort Scott & Memphis Ry. Co.
($33,490,610).
(14) $2.151,600 K.C.,F.S.&G.RR.lst7s of Junel,1908.
(15) 671,000 F.S.,S.E.&M.RR.lst 7s ofSept.1,1910.
(16) 492,000 M.,K.&C.Ry. 1st 7s of Sept. 1, 1910.
(17) 390,000 Mo.&Kan.RR. 1st 5s of Aug. 1, 1922.
(18) 13,736,000 K.C.,F.S.&M.RR.con.6sofMayl,1928.
(19) 1,606,000 Current River 1st 5s of Oct. 1, 1927.
(20) 12,607,500 refunding 4s of Oct. 1, 1936.
(21) 761,000 Kan. Eq. Co. 1st 5s of Jan. 1, 1905.
(22) $226,000 F. S. Eq. Co. 1st 6s of July 1, 1909.
(23) 944,000 Ozark Equip. Co. 1st 5s, of which
$110,000 represented redeemed
bonds to be replaced by refunding
4s. The $834,000 outstanding ar<;
payable $321,000 on May 1, 1910,
and $513,000 on Nov. 1, 1901.
(24) 65,510 St. Charles Car Co. and Pitts-
burgh Locomotive Works equip-
ment notes, payable July 1, 1904,
to Oct. 1, 1908, interest 5 p. c. per
annum.
Kansas City d Memphis Ry. & Bridge Co.
(25) $3,000,000 1st 5s of Oct. 1, 1929.
Kansas City, Memphis & Birmingham RR.' Co.
($10,748,920).
(26) $3,323,390 1st 4s of March 1, 1934.
(27) 6,322,780 income 5s of March 1, 1934.
(28) 913,000 Birm. Eq. Co. 1st 6s of Mar. 1, 1903.
(29) 189,000 Mem. Eq. Co. 1st 6s of Aug. 1, 1905,
750 10-yr. coupon extension notes.
Fort Worth & Rio Grande Ry. Co.
(30) $2,923,000 1st 4s of July 1, 1928.
ADDITIONAL PARTICULARS RESPECTING FUNDED DEBT OF ST. LOUIS & SAN FRANCISCO HR. CO.
(1) Second (now 1st) Mortgage Gold Bonds. — Total amount authorized and originally issued
$5,700,000, of which $110,000 have been retired and cancelled, and $3,539,700 have been acquired
and placed under the refunding mortgage, without impairment of lien. Secured by first mortgage
on the original main line, Pacific to Seneca, Mo., 292.27 miles ; and Granby Branch, 1.50 miles —
together, 293.77 miles, and equipment thereon.
(2) Missouri and Western Division 1st Mortgage Gold Bonds. — Total amount authorized
and originally issued, $1,100,000, of which $89,000 have been retired and cancelled, through opera-
tion of sinking fund, and $870,000 have been acquired and placed under the refunding mortgage,
without impairment of lien. Mortgage is first lien on road, Pierce City, Mo., to Oswego, Kan., 72.91
miles; Oronogo to Joplin, Mo., 9.32 miles; together, 82.23 miles, and 'equipment thereon. Com-
mencing with year 1884, bonds to the amount of $5,000 per annum became subject to be drawn
for payment, under provision of the mortgage, at 105 and interest.
(3) Trust Mortgage Gold Bonds of 1880-1920. — Originally issued, $1,350,000; retired and
cancelled, $416,000, through operation of sinking fund and $731,000 have been acquired and placed
under the refunding mortgage, without impairment of lien. Secured by deposit in trust of $934,000
of 1st mtge. 7 p. c. bonds, out of a total issue of $1,400,000, on roads, Plymouth (Monett), Mo., to
Fayetteville, Ark., 71.18 miles; Carl Junction, Mo., to Girard, Kan., 29.14 miles, and Litchfleld
Junction to Litchfleld, Kan. (Carbon Branch), 3.25 miles; together, 103.75 miles. The 1st mtgo
bonds have until maturity to run. Sinking fund consists of difference between Interest on the
$934,000 of 1st mtge. 7s and that on the trust mtge. 6s outstanding.
(4) Trust Mortgage Gold Bonds of 1887-1987. — Authorized Issue limited not to exceed $20,000
per mile of newly constructed or acquired roads and equipment, connecting with the main system.
$660,000 have been acquired and placed und'jr the refunding mortgage, without impairment of Hen.
Secured by deposit in trust of all 1st mtge. bonds, and not less than a majority of the capital stock
of such roads. Roads now are: Springfield, Mo., Belt Line, 3.18 miles; Red River, Ind. T., to Paris,
Tex., 16.94 miles; Jenson to Mansfield, Ark., 18.34 miles; Powell to St. Paul, Ark., 7.68 miles;
Plttsburg to Weir City, Kan., 10.48 miles ; St. Paul to Pettlgrew, Ark., 8.03 miles ; together, 64.65
miles.
(5 & 6) General Mortgage Gold Bonds. — Both classes issued under one and the same mort-
gage, and equally secured. Total amount authorized, $30,000,000. of which $20,100,000 were is-
sued; $10,581,000 have been acquired and placed under the refunding mortgage, without Impair-
ment of lien, and two bands ($2,000) were purchased, for which consol. mtge. 4 p. c. bonds were is-
sued. The roads under the first lien of this mortgage are as follows : St. Louis to Pacific, Mo.,
:i4.01 miles, and Terminals in St. Louis; Springfield to Bolivar, Mo., 38.79 miles; Springfield to
Chadwlck, Mo., 34.86 miles ; Fayetteville. Ark., to Red River, Ind. T., 214.61 miles ; Fayetteville to
Powell, Ark., 25.61 miles; Joplin, Mo., to Galena, Kan. (and Belt Line, Joplin), 10.59 miles; Joplin
to Carl Junction, Mo., 6.70 miles; in all, 365.17 miles, and equipment thereon. Also a second lien
on 624 06 miles of present system mileage, Including the main line from Pacific, Mo., to Seneca,
Mo., on which the "A. B. and C." mortgage Is a first Hen.
538 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
(7) St. Louis, Wichita and Western Ry. 1st Mtge. Gold Bonds. — Amount authorized and is-
sued, $2,000,000, of which $1,694,000 have been acquired and placed under refunding mortgage,
without impairment of lien. These bonds are secured by a first lien on the road, Oswego to Wichita,
Kan., 144.49 miles. Under provision contained in the mortgage and lease of road to the St.
Louis and San Francisco Ry. Co., these bonds are redeemable at 105 and interest.
(8) Fort Smith and Van Buren Bridge 1st Mtge. Gold Bonds. — Authorized issue, $500,000;
originally issued, $475,000, of which $219,000 have been retired and cancelled through operation
of sinking fund, and $184,000 acquired and placed under the refunding mortgage, without impair-
ment of lien. Under provision of the mortgage, in April of each year, commencing in 1890, 5 p. c.
of bonds issued and outstanding are to be drawn for payment, at 105 and interest (if not purchased),
and cancelled, and any and all are subject to redemption by lot at 110 and interest, at any time be-
fore maturity. Length of bridge, 0.34 mile.
(9) Consolidated Mortgage Gold Bonds. — Total amount authorized, $50,000,000, of which $39,-
032,000 were appropriated and set aside to provide at maturity, or before, for prior lien bonds. At
June 30. 1901, there were outstanding $7,831,125 of these bonds, of which $6,311,750 have been
acquired and placed under the refunding mortgage, without impairment of lien, and includes $53,-
750 issued during this fiscal year, under provision of the mortgage, for $43,000 underlying lien
bonds redeemed and cancelled. The security for these bonds consists of a first mortgage on the
Salem Branch, 52.69 miles, and its equipment; Beaumont Branch, 61.86 miles; Blackwell Exten-
sion, 17.87 miles ; Arkansas and Oklahoma RR., Rogers, Ark., to Grove, Ind. T., 47.16 miles ;
Oklahoma City Terminal Ry., 1.50 miles ; together, 181.08 miles ; also a first mort-
gage on certain equipment purchased since July 1, 1896 ; a second mortgage on 1,098.08
miles and equipment thereon, and a third mortgage on 624.06 miles and equipment thereon ;
together, 1,903.22 miles. These bonds are further secured by the deposit of $466,000 first mortgage
bonds (as more fully set forth in Table I), of a total authorized issue of $1,400,000, the entire Issue
of said bonds being secured in the manner explained under the head of trust mortgage of 1880
gold 6s.
(10) Southwestern Division 1st Mtge. Gold Bonds. — Total amount authorized and issued,
$1,500,000, of which $671,000 have been acquired and placed under the refunding mortgage, with-
out impairment of lien. These bonds are a first lien on road, Seneca, Mo., to Sapulpa, Ind. T., 112.05
miles (formerly Atlantic & Pacific RR., Central Division). Bonds are subject to redemption at par
at the option of this company, on any half-yearly interest day, on 6 months' notice.
(11) Central Division 1st Mtge. Gold Bonds. — Total amount authorized, $3,462,000; issued,
$1,962,000, of which $1,817,000 have been acquired and placed under the refunding mortgage, with-
out impairment of lien. Bonds secured by first lien to extent of $1,962,000 on road from Sapulpa,
Ind. T., to Oklahoma City, Okla., 103.26 miles. Bonds redeemable at 102J and interest, at the option
of this company, on any half-yearly interest day, on 3 months' notice.
(12) Northwestern Division 1st Mtge. Gold Bonds. — Total amount authorized, $1,300,000, of
which $1,249,500 have been acquired and placed under the refunding mortgage, without impairment
of lien. Included in the $1,249,500 bonds acquired are $200,000, which were exchanged for a like
amount of refunding mortgage 4 p. c. bonds, and the latter were placed in trust with the Continental
Trust Company of New York, to provide for additional equipment and improvements to be made on
the property, at the rate of not exceeding $75,000 in any calendar year. These bonds are a first lien
on road Wichita to Ellsworth, 106.4 miles (formerly Kansas Midland Ry.) . Bonds redeemable at 1021
and interest, at the option of this company, on any half-yearly interest day, on 3 months' notice.
(13) Refunding Mortgage Gold Bonds. — Secured on the Red River Division, from Sapulpa,
Ind. T., to Denison, Tex., 199.31 miles, by deposit of the entire issue of 1st mtge. bonds of the St. Louis,
Oklahoma and Southern Ry. Co. and the entire capital stock of the St. Louis, San Francisco ana
Texas RR. Co., and on the Kansas City Division, from Kansas City to Bolivar, Mo., 146.9 miles, by
deposit of the entire issue of Kansas City Division 1st mtge. bonds. Secured by mortgage on the
remainder of the St. Louis and San Francisco RR., 1,680.94 miles, subject to $51,584,875 of under-
lying lien bonds, of which $36,258,950 have been deposited under the mortgage, as per Sec. 16.
Also secured by the $26,966,425 of stocks and bonds already deposited under the consolidated mort-
gage, the $934,000 of bonds already deposited under the trust mortgage of 1880, and the $2,831,500
of stocks and bonds already deposited under the trust mortgage of 1887. The total amount of
bonds authorized by the mortgage is $85,000,000, of which $62,500,000 were set aside to retire un-
derlying bonds, and for refunding purposes, the remaining $22,500,000 being reserved for better-
ments, new equipment and additional lines. Of the $22,500,000 lot, $6,000,000 are to be issued at
the cumulative rate of $1,000,000 a year, for improvements, betterments, new equipment, etc., and
the remaining $16,500,000 are to be issued for extensions, additional lines, etc., at the actual cost
thereof, $4,500,000 at not exceeding the rate of $32,000 per mile, including underlying liens, and
$12,000,000 at not exceeding the rate of $22,500 per mile, including underlying liens. Any sur-
plus bonds of the $62,500,000 lot which may not be issued or needed for refunding purposes may
be issued for additions and betterments. At the close of the fiscal year ending June 30, 1902, $46,-
818,000 of the bonds had been executed, of which $43,895,000 were issued and $2,923,000 deposited
uncertified with the Morton Trust Co. to take up an equal amount of 1st mtge. bonds of the Fort
Worth and Rio Grande Ry. Co. The $43,895,000 of bonds issued were disposed of as follows :
$40,604,000 were sold, and with the proceeds $34,327,100 of underlying bonds were redeemed and
placed under the mortgage; $1,369,900 were used to reimburse the treasury for the cost of $3,044,-
200 of the capital stock of the Fort Worth and Rio Grande Ry. Co., and remain in the treasury of
the company ; $1,721,100 were exchanged for underlying bonds held in the treasury of the com-
pany, and $200,000 were exchanged for a like amount of Northwestern Division bonds, and are de-
posited with the Continental Trust Co. of New York to meet the cost of Improvements on, or new
equipment for, the Northwestern Division. Underlying bonds exchanged for or replaced by re-
funding mortgage bonds are deposited under the refunding mortgage, without impairment of lien,
unless and until cancelled.
Up to July 15, 1903, the total amount of bonds issued under the refunding mortgage was
$56,020,000, of which $3,303,000 was held in the treasury or outstanding as collateral. The
following are the purposes for which the bonds were issued : For the retirement of underlying
bonds and for refunding purposes, $42,599,100 ; for improvements, betterments, new equipment,
etc., $2,000,000 ; for the purchase of $3,057,000 of the capital stock of the Fort Worth and Rio
Grande, $1,375,900; in respect of additional lines, extensions, etc., at actual cost, 542.514 miles,
$10,045,000 — total, $56,020,000. Up to the same date, July 15, 1903, the amount of under-
lying bonds deposited under the mortgage was $30,623,950, the increase of $365,000 since June
30, 1902 (see Sec. 16), consisting of the following: $4,000 St. L. & S. F. Ry., Missouri and
Western Div., bonds; $5,000 St. L. & S. F. Ry. trust 6s of Aug. 1, 1920; $33,000 St. L. & 8. P.
POOR S MANUAL — ST. LOUIS AND SAN FRANCISCO RR. CO. 539
Ry. gen. mtge. 6 p. c. bonds ; $315,000 St. L. & S. F. RR. consol. mtge. 4 p. c. bonds ; $2,000 St.
Louis, Wichita and Western Ry. 1st mtge. 6 p. c. bonds ; and $6,000 Ft. Smitb and Van Buren
Bridge 1st mtge. 6 p. c. bonds. The amount of underlying bonds not deposited under the refund-
ing mortgage as of July 15, 1903, was $15,246,800, as follows: $2,050,300 St. L. & S. F. Ry.
Series A, B, and C 1st mtge. 6 p. c. bonds of Nov. 1, 1906 ; $131,000 St. L. & S. F. Ry., Missouri
and Western Div., 1st mtge. 6 p. c. bonds of Aug. 1, 1919 ; $196,000 St L. & S. F. Ry. trust 6s
of Aug. 1, 1920 ; $439,000 St. L. & S. F. Ry. trust 5s of Oct. 1, 1987 ; $5,803,000 St. L. & S F
Ry. gen. 5s of July 1, 1931 ; $3,681,000 St. L. & S. F. Ry. gen. 6s of July 1, 1931 ; $1,558,000 St
L. & S. F. RR. consol. mtge. 4s of July 1, 1996 ; $304,000 St. Louis, Wichita & Western Ry 1st
mtge. 6s of Sept. 1, 1919 ; $60,000 Ft. Smith & Van Buren Bridge 1st mtge. 6s of April 1, 1910 •
$829,000 St. L. & S. F. RR., Southwestern Div., 1st 5s of Oct. 1, 1947 ; $145,000 St. L. & S F'
RR., Central Div., 1st 4s of April 1, 1929 ; and $50,500 St. L. & S. F. RR., Northwestern Diy '
1st 4s of April 1, 1930.
ADDITIONAL PARTICULARS RESPECTING FUNDED DEBT OF THE KANSAS CITY, FORT SCOTT AND MEM-
PHIS RY. CO.
(14) Kansas City, Fort Scott and Gulf RR. 1st Mtge. Bonds. — Total amount authorized, $4,000,-
000, of which $3,056,900 were issued ; $905,300 have been retired and cancelled from the net pro-
ceeds of land sales. Secured by first mortgage on the main line from Kansas City, Mo., to Baxter,
Kan., 159.92 miles, including land in the State of Kansas. Net proceeds of land sales constitute a
sinking fund for the redemption of these bonds at 110 flat, as often as such accumulation shall
amount to' $50,000. In the refunding mortgage of The Kansas City, Fort Scott and Memphis Ry.
Co. provision is made for the retirement of these bonds.
(15) Fort Scott, South Eastern and Memphis RR. 1st Mtge. Bonds. — Total amount of issue,
$1,542,000, of which $971,000 were exchanged in the year 1889 for a like amount of Kansas City,
Fort Scott and Memphis RR. Co. consol. mtge. 6 p. c. bonds. These bonds are a first mortgage on
the main line from Edward, Kan., to Springfield, Mo., 100.01 miles. Sinking fund consists of 1 p. c.
of entire issue, plus interest accumulation on bonds in hands of trustees. These bonds are
drawable at 105 flat, if not purchasable at 110 flat. Amount of bonds alive in hands of trustees,
$440,000. In the refunding mortgage of the Kansas City, Fort Scott and Memphis Ry. Co. provi-
sion is made for the retirement of these bonds when they mature.
(16) Memphis, Kansas and Colorado Ry. 1st Mtge. Bonds. — Total amount of issue, $585,000,
of which $93,000 were exchanged in the year 1889 for a like amount of Kansas City, Fort Scott and
Memphis RR. Co. consol. mtge. 6 p. c. bonds. These bonds are a first mortgage on line from Cherry-
vale, Kan., east through Cherokee, Kan., to Weir City, Kan., 49.79 miles. In the refunding mort-
gage of the Kansas City, Fort Scott and Memphis Ry. Co. provision is made for the retirement of
these bonds when they mature.
(17) Kansas and Missouri RR. 1st Mtge. Bonds. — Total amount of issue, $390,000. These
bonds are a first mortgage on road from Coalvale, Kan., to Weir City Junction, Kan., 26.18 miles.
In the refunding mortgage of the Kansas City, Fort Scott and Memphis Ry. Co. provision is made
for the retirement of these bonds when they mature.
(18) Consolidated Mortgage Bonds, K. C., F. S. £ M. RR. — Mortgage provides for an issue of
not more than $25,000 per mile of road. These bonds are a first mortgage on line of road Spring-
field, Mo., to Memphis, Tenn., 282.34 miles ; Rich Hill Branch, 25.17 miles; Baxter, Kan., to Joplin
and Webb City, Mo., 21.90 miles ; Greenfield, Mo., to Aurora, Mo., 37.67 miles ; Baxter, Kan., to
Miami, Ind. T., 13.07 miles ; Weir City, Kan., to Mackie, Kan., 3.40 miles, in all 383.55 miles ; and a
second mortgage on 335.90 miles. Under provision of 4 p. c. refunding mortgage, dated Aug. 23.
1901, no further issue of these bonds can be made. Provision is made in that mortgage for the
retirement of these bonds when they mature. In the purchase of the line from Arcadia to Spring-
field, Mo., the Kansas City, Clinton and Springfield Ry. Co. assumed $2,000,000 of these bonds and
agreed to pay the interest on them monthly.
(19) Current River RR. 1st Mtge. Bonds. — Total amount of issue, $1,606,000. These bonds
are a first mortgage on the road, Willow Springs, Mo., to Grandin, Mo., 81.95 miles, and equipment
thereon. They are assumed and guaranteed by the Kansas City, Fort Scott and Memphis Ry. Co.,
and that company's liability has been assumed by the St. Louis and San Francisco RR. Co. In
the refunding mortgage of the Kansas City, Fort Scott and Memphis Ry. Co. provision is made for
the retirement of these bonds when they mature.
(20) Refunding Mortgage Gold Bonds. — Secured by first mortgage on the line from Decker-
vllle to Luxora, Ark., 36.3 miles ; on the line from Miami to Afton, Ind.T., 13.09 miles ; on the Jacques
Junction Extension, 1.06 miles, and on certain real estate in Kansas City, Mo. Secured by second
mortgage on the 383.55 miles covered by the consol. mtge. bonds as a first lien, and on the 81.95
miles covered by the Current River 1st mtge. bonds as a first lien, and secured by third mortgage
(the consols being the second lien) on the lines covered by the Kansas City, Fort
Scott and Gulf 1st mtge. bonds, the Memphis, Kansas and Colorado 1st mtge. bonds, and
the Kansas and Missouri 1st mtge. bonds, and on 15.01 miles (Edward, Kan., to Arcadia, Mo.) of
the line covered by the Fort Scott, Southeastern and Memphis 1st mtge. bonds — the total length of
the lines covered by the bonds as a third lien being 250.90 miles. Also secured on the rest of the
Kansas City, Fort Scott and Memphis Ry. Co.'s property, subject to prior liens, and will be secured
on any property hereafter acquired through issue of bonds secured by the same mortgage, Including
any shares in the Belt Ry. Co., Kansas City Union Depot Co., and Kansas City, Memphis and Bir-
mingham RR. Co. (see Sec. 21). The total amount of bonds authorized is $60,000,000, of which
$12,507,500 have been issued. Of the unissued bonds $38,168,270 are reserved to be issued in ex-
change for underlying bonds and for refunding purposes, and the remaining $9,324,230 are reserved
to provide for improvements, betterments and new equipment, and for additional lines, extensions
and terminals, as provided in the mortgage. These bonds are guaranteed as to principal and in-
terest by the St. Louis and San Francisco RR. Co.
(21) Kansas Equipment Co. 1st Mtge. Bonds. — Total amount issued for new equipment pur-
chased, $761,000, of which $200,000 have been purchased through operation of sinking fund and
turned over to trustees, the interest accruing on same being used by trustees for the further pur-
chase of bonds. Amount of bonds alive in bands of trustees, $200,000. These bonds will be re-
placed by issue of refunding bonds of the Kansas City, Fort Scott and Memphis Ry. Co. provided
for that purpose.
(22) Fort Scott Equipment Co. — Total amount issued for new equipment purchased, $332,000,
of which $33,000 have been retired and cancelled through operation of sinking fund, and $33,000
540 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
were drawn for payment July 1, 1902, under provision of the mortgage. The sinking fund provi-
sion calls for the redemption each year of at least one-tenth of the bonds Issued, purchasable at
not exceeding par and accrued interest, upon proposals, failing in which, then such bonds are to be
determined by lot. These bonds will be replaced by issue of refunding bonds of the Kansas City,
Fort Scott and Memphis Ry. Co. provided for that purpose.
(23) Ozark Equipment Co. 1st Mtge. Bonds. — Total amount issued for new equipment pur-
chased, $1,000,000, of which $368,000 were issued during the present fiscal year. Sinking fund
provision calls for the redemption each year of at least one-tenth of the bonds issued, purchasable
at not exceeding par and accrued interest, upon proposals, failing in which, then such bonds are to
be determined by lot. Bonds amounting to $166,000 have been retired and cancelled through opera-
tion of sinking fund, of which $110,000 were redeemed by trustees during the present fiscal year, and
for which K. C., F. S. & M. Ry. Co. refunding 4 p. c. bonds will be issued. These bonds will be re-
placed by issue of refunding bonds of the Kansas City, Fort Scott and Memphis Ry. Co. reserved for
that purpose.
(24) Equipment Notes of St. Charles Car Co. and Pittsburg Locomotive Works. — Notes
given for new equipment purchased and are payable within five years, in stated amounts, com-
mencing July 1, 1904.
FURTHER PARTICULARS RESPECTING FUNDED DEBT OF AUXILIARY COMPANIES.
(25) Kansas City and Memphis Railway and Bridge Bonds. — Total amount authorized and
issued, $3,000,000, of which $138,000 have been purchased through operation of sinking fund.
Sinking fund consists of $10,000 per annum, plus interest accumulation on bonds in hands of trus-
tees. These bonds are drawable at 110 and accrued interest, if not purchasable at that price
Mortgage is a lien on bridge and approaches at Memphis, Tenn., 2.85 miles. Mortgage provides for
sale of bonds held by trustee, in sinking fund, to the extent that they may be required for extraordi-
nary repairs or renewals of the bridge. Amount of bonds alive in hands of trustees, $138,000.
(26) Kansas City, Memphis and Birmingham RR. General Mtge. Bonds. — Total amount au-
thorized, $4,500,000, of which $3,323,390 have been issued. Mortgage is a first lien on entire line,
Memphis, Tenn., to Birmingham, Ala., and branches, 285.66 miles. In the refunding mortgage of
the Kansas City, Fort Scott and Memphis Ry. Co. provision is made for retiring these bonds when
they mature.
(27) Kansas City, Memphis and Birmingham RR. Income Bonds. — Total amount authorized
$7,000,000, of which $6,322,780 have been issued. On Feb. 1, 1902, the Kansas City, Fort Scott
and Memphis Ry. Co. offered, through the Old Colony Trust Co., of Boston, Mass., to pay the inter-
est on these bonds, beginning March 1, 1902, at the fixed rate of 5 p. c. per annum, payable semi-
annually on the first days of March and Sept., in consideration of the holders giving an option
to purchase assenting income bonds, on 60 days' notice, at 95 p. c. As of June 30, 1902, the hold-
ers of $5,557,000 of the bonds had assented to the proposition. In the refunding mortgage of the
Kansas City, Fort Scott and Memphis Ry. Co. provision is made for retiring these bonds when they
mature.
(28) Birmingham Equipment Co. 1st Mtge. Bonds. — Total amount authorized and issued,
$1,000,000, of which $87,000 were exchanged for K. C., M. & B. RR. Co. gen. mtge. and income
bonds. Entire issue may be redeemed at 110, on 60 days' notice. These bonds will be replaced by
issue of refunding bonds of the Kansas City, Fort Scott and Memphis Ry. Co., reserved for that
purpose.
(29) Memphis Equipment Co. 1st Mtge. Bonds. — Total amount authorized, $1,000,000, of
which $189,000 have been issued for new equipment purchased. Outstanding bonds are subject to
purchase at 110 and accrued interest, upon 60 days' notice. Sinking fund originally provided for
the redemption of at least $12,000 of these bonds per annum, but was abrogated March 1, 1894,
since which date the sinking fund has been only the interest accumulation on bonds in hands of
trustees. Amount of bonds alive in hands of trustees, $69,000. These bonds will be replaced by
issue of refunding bonds of the Kansas City, Fort Scott and Memphis Ry. Co. reserved for that pur-
pose.
(30) Fort Worth and Rio Grande Ry. 1st Mtge. Bonds. — Amount authorized and issued.
$2,923,000. Bonds are a first mortgage on line from Ft. Worth, Tex., to Brownwood, Tex., 146.16
miles, and equipment thereon. In the refunding mortgage of the St. Louis and San Francisco RR.
Co. provision is made for the retirement of these bonds at or before maturity.
15. St. Louis, Memphis and Southeastern Purchase Collateral Trnst Notes. —
The $12,500,000 capital stock of the St. Louis, Memphis and Southeastern RR. Co. (see Sec. 4)
has been deposited with the Eastern Trust Co. of New York, trustee, as security for an issue of
$4,000,000 of 4 p. c. collateral trust notes of the St. Louis and San Francisco RR. Co. The trust
notes are dated Nov. 1, 1902, and will mature Nov. 1, 1942, but are subject to redemption at par
and accrued Interest on or at any time after July 1, 1904, on 30 days' notice.
16. Equipment Trust Notes, Blair & Co. — On Dec. 1, 1901, an agreement was made
with Blair & Co. for the purchase of additional equipment, whereby this company issued equipment
notes dated Dec. 1, 1901, to the amount of $1,310,000, bearing interest at the rate of 4 p. c. per
annum, and payable in twenty semi-annual installments of $65,000 on each first day of June and
$66,000 on each first day of Dsc., all redeemable at par and accrued interest on any interest payment
date. One note of $65,000 which matured June 1, 1902, was paid, and the remainder appears in
the balance sheet as a liability in offset to the value of equipment.
17. Construction Advances. — Advances had been made at June 30, 1902, to roads under
construction and for surveys, as follows: Red River, Texas and Southern Ry. Co., $1,161,198 ; Tay-
lor City Belt Ry. Co. (World's Fair connection), $22,413.97; Central Belt Ry. Co. (St. Louis),
$11,112.66 ; miscellaneous surveys, etc., $28,079.46 — total, $1,222,804.09. The company will be
reimbursed for these advances. As the company has not as yet deemed it best to sell any of its
treasury holdings of refunding bonds, it borrowed in June, 1902, $840,000 for part of the advances
made as above for construction purposes. This accounts for the item of notes payable on the bal-
ance sheet.
POOR'S MANUAL ST. LOUIS AND HAN FRANCISCO RR. CO.
541
18. Franchises and Property. — Statement showing details of increase in fran-
chises and property, St. Louis and San Francisco RR. Co., as of June 30, 1902:
Cost of franchises and property as of June 30, 1901 $93,026,508 90
Amount of St. Louis, Oklahoma and Southern Ry. Co., 1st Mortgage 4 p. c. Bonds
issued for construction of road — Sapulpa, Ind. T., to Sherman, Tex., a distance of
207.26 miles, and for equipment for same, 4,650 Bonds Nos. 1 to 4,650 4,650,000 00
Difference between amount set aside and deposited with the Mississippi Valley
Trust Co., to take up five Kansas Midland Ry. Bonds and coupons at the rate of
$286 22 per bond, and $4.85 per coupon, and amount paid for two of the above
named bonds Nos. 17 and 991 — Amount paid, $1,000 ; amount set aside for
payment of same, $582.14 417 86
Purchase price of $247.50 of Atlantic & Pacific RR. Central Division, Income Bond
Scrip and $1,100 of St. L. & S. F. Ry. Co., Consolidated Mortgage 4 p. c. Bonds.. 442 47
Purchase price of 30,442 shares of Ft. Worth & Rio Grande Ry. Co. stock 1,369,257 26
Expenditures for New Improvements, $760,770.51 ; Additional Equipment, $643,-
679.37_total 1,404,449 88
Purchase price of one-half interest in Kansas Southwestern Ry. 59.35 miles,
Arkansas City to Anthony 181,045 25
Franchises and Property Account as of June 30, 1902 $100,632,121 62
19. Treasury Securities. — Statement of system securities owned (held in property
account and in current assets), as of June 30, 1902:
Bro K:.
Face Value.
Book Value.
BONDS AND SCRIP.
Face Value.
Book Value.
In Property Account.
Arkansas Coal & Mining Co
$
11,250 00
300,000 00
48,300 00
6,447 10
53 00
1,692,295 40
100,000 0(T
. 175 00
1,100 00
4,500 00
90000
3,500 00
4,500 00
2,500 00
500 00
1,100 00
1,500 00
900 00
3,500 00
900 00
100,000 00
100,000 00 ,
180,900 00
i-*
$
11,100 00
8,983 04
176 56
6,447 10
53 00
1,692,295 40
20,836 55
In Property A ccount.
Eureka Improvement Co. 7s. ...
Atlantic * Pacific RR. Co., Cen-
tral Division, Land Grant
Scrip
$
25,00000
56400*
t
5,00000
Peirce City Real Estate Co
St. L. & San Francisco RR. Co.
Total Bonds and Scrip
Second Preferred Stock.
25,564 00
5,000 00
2,590,384 50
3,091,000 00 1
125 00)"
1,000 00
452,500 00
1,744,891 65
3,005,741 54
1,230 00
452,500 00
Ft. Smith & Van Buren Bdge.Co
Ft. Smith & Southern Ry. Co. . .
Fayetteville & Lit. Rock RR.Co.
In Current Assets.
tSt.L.&S.F.RR.Ref.4s
St. L. & S. F. RR. Con. 4s, scrip
St. L. & S. F. Ry. Trust Mtge.
of 1880, 6s
Little Rock & Texas Ry. Co
Paris & Great Northern RR. Co.
Pittsburg & Columbus Ry. Co . .
St. L., Wichita & West. Ry. Co .
St. L., Arkansas & Texas Ry.Co.
Springfield & Northern Ry. Co. .
Springfield & Southern Ry. Co. .
Springfield Connecting Ry. Co. .
St. L. A Oklahoma City RR. Co.
Oklahoma City Terminal RR.Co
International Equipment Co. . ..
So. Mo. i Arkansas RR. Co. . . .
Total Stocks
The K. C., Ft. S. & M. Ry. Ref.
4s
Total in Current Assets
Total Securities
3,544,625 00
3,459,471 54
2,564,820 50
1,739,891 65
6,135,009 50
5,204,363 19
•Against which is set the Nominal Book Value of $1 to preserve the record.
tOf this amount $600,000 is held by banks as collateral.
2O. Capital stock and bonded debt outstanding, and showing amount of each per mile
of road during six years to June 30, 1902:
Years.
Mileage
Owned.
CAPITAL STOCK.
BONDED DEBT.
Interest
Charged
Per Mile.
Amount
Outstanding.
Per Mile.
Amount
Outstanding.
Per Mile.
1897. . .
1,162.05
1,282.13
1,385.39
1,548.85
1,703.91
3,288.21
$
44,590,812
45,603,704
45,616,404
45,616,404
46,578,204
48,385,104
S
38,372 54
35,568 71
32,926 76
29,451 79
27,336 07
14,723 68
S
37,618,850
39,437,100
41,708,350
45,014,225
46,471,125
*122,693,455
$
32,372 32
30.759 05
30,105 85
29,063 02
27,273 23
37,335 85
$
1,716 38
1,589 54
1,537 85
1,448 06
1,339 15
1,465 60
1898
1899
1900
1901
1902
* Includes guaranteed Trust Certificates of The Kansas City, Ft. Scott and Memphis Ry. Co.
542
POOR S MANUAL OP RAILROADS — SOUTHWESTERN GROUP.
21. Statement of stocks and bonds pledged as security for funded debt as of June
30, 1902:
NJJMJ
Deposited
under
Con sol.
Mtge.
Deposited
under
Trust
Mtge.
of 1880.
Deposited
under
Trust
Mtge.
of 1887.
Deposited
under
Refunding
Mtge.
Deposited
under
K. C., F. S.
& M. Ry.
RefdgMtge.
STOCKS:
Fort Smith & Van Buren Bridge Co
$
499,825
$
$
$
$
P'ort Smith & Southern Ry. Co
166,400
Joplin Ry. Co
715,100
Springfield & Northern Ry. Co
998,500
Springfield & Southern Ry. Co
599,100
St. Louis, Arkansas & Texas Ry. Co
3,498,900
St. Louis, Wichita & Western Ry. Co. . .
958,500
St. Louis <k Oklahoma City RR. Co
2,099,100
Fayetteville & Little Rock RR. Co
325 500
Little Rock <fe Texas Ry. Co
536 500
Paris & Great Northern RR. Co
495 500
Pittsburg & Columbus Ry. Co
177 500
Springfield Connecting Ry. Co ...
196 500
Kansas City, Fort Scott & Memphis Ry. Co ....
15,000,000
Fort Worth & Rio Grande Ry. Co
3.044,200
Kansas City, Memphis & Birmingham RR. Co . .
5,956,000
Kansas City & Memphis Ry. & Bridge Co. . . .
3 000 000
Kansas City Belt Ry. Co
45000
Kansas City LJnion Depot Co
45000
Total Stocks
BONDS:
St. L. <fe S. F. Ry. Co. Land Debenture 5's
24,535,425
1,215,000
1,731,500
3,044,200
9,046,000
St. L., Wich. & West. Ry. Co. Income 5's
750,000
St. L., Ark. & Tex. Ry. Co. of Mo. 1st Mtge 7's .
195 000
305000
St. L. Ark. & Tex. Ry. Co. of Ark. 1st 7's .
244 000
356 000
Joplin RR. Co. 1st 7's
27,000
273,000
Fayetteville & Little Rock RR. Co. 1st 5's
154,000
Little Rock & Texas Ry. Co. 1st 5's
367 000
Pittsburg <fe Columbus Ry. Co. 1st 5's
176 000
Paris & Great Northern RR. Co. 1st 5's
339 000
64 000
St. Louis & San Francisco Ry. Co. —
2d (now 1st) 6's, Series "A, B, and C." . . .
3,539,700
Mo. & West. Div., 1st 6's
870,000
Trust Mortgage of 1880, 6's
731,000
Trust Mortgage of 1887, 5's
660,000
General Mortgage 5's
6,488,000
General Mortgage 6's
4,093,000
St. L., Wich. <fe West. Ry. Co. 1st 6's
1,694,000
Fort Smith <fe Van Buren Bridge Co. 1st 6's . .
184,000
St. Louis & San Francisco RR. Co. —
6,311,750
671,000
1,817,000
3,300,000
1,249,500
St L Oklahoma <fe So Ry Co Ist4's
4,650,000
399,500
Total Bonds
2,431,000
934,000
1,100,000
36,258,950
399,500
Total Stocks and Bonds
26,966,425
934,000
2,831,500
39,303,150
9,445,500
22. Land Department. — The grant of 1852 to the South Pacific was 1,161,244.47 acres, of
which 53,404.91 acres remain unsold ; grant of 1866 to Atlantic and Pacific, 506,816.33 acres, of
which 2 944.52 acres remain unsold — a total of 56,349.43 acres unsold June 30, 1902. There were
sold during the fiscal year 1901-02, from both grants, 22,076.42 acres for $34,422, an average of
$1.56 per acre. Also 7 town lots for $390. Acres cancelled, 2,098.06, valued at $5,061.87. Also
3 town lots valued at $242.75. Receipts : Sales, $28,410.09 ; outstanding contracts, $3,894.17 ;
quit claim deeds, $213.78 ; miscellaneous receipts, $885.41 — total, $33,403.45. Disbursements :
Legal expense, $3,143.70 ; agents' commissions, $4,676.75 ; taxes, $2,299.30 ; miscellaneous.
$3,822.82 ; balance remitted to treasurer, $19,460.88 — total, $33,403.45.
Assets of Land Department, June 30, 1902. — Lands on hand, valued at $2 per acre, $ 12,-
698.86; town lots (523) valued at $30 per lot, $15,690; contracts on hand (South. Pacific lands,
$31,678.16; Atlantic and Pacific lands, $5,681.92), $37,360.08— total, $165,748.94.
The assets of the K. C., F. S. & M. land department on June 30, 1902, were as follows : Funds
held by and due to trustees, $32,207.40 ; coal land, 1,660 acres, valued at $37 per acre, $61,420 ;
agricultural land, 180.15 acres, valued at $11 per acre, $1,981.65 ; land the surface of which has
been sold, but the mineral thereunder reserved, 2,388.37 acres, valued at $25 per acre, $59,709.25 ;
outstanding contracts for 120.20 acres of land and 37 town lots, $1,000 — total, $156,318.30. For
the year ending June 30, 1902, the net receipts from land sales amounted to $13,304.68, and there
POOR'S MANUAL — ST. LOTIS AND SAN FRANCISCO RR. CO. 543
was a balance from June 30, 1901, of $18,902.72, making a total to credit of land account of $32,-
207.40. The net proceeds from the sale of these lands constitute a sinking fund for the redemption
of Kansas City, Fort Scott and Gulf RR. Co. 1st mtge. 7 p. c. bonds, at 110 flat, as often as such ac-
cumulation shall amount to $50,000.
523. Summary of Financial Changes, from June 30, 1901, to June 30, 1902.
Resources To Be Accounted for.
Decrease of Assets : Stocks and Bonds owned, $1,711,723.45 ; Kansas City Division,
1st mtge. 4 p. c. Bonds, in hands of United States Mortgage & Trust Co., $241,-
000 ; Mississippi Valley Trust Co., for deposit by special master In chancery
for Kansas Midland Ry., $582.14 ; Cash in treasury, $595,201.56 ; Due from
Railroad Companies, acc't Traffic, $12,003.60 ; Balance of amount advanced to
the Employees' Hospital Ass'n of the Frisco Line, $14,178.44 — total $2,574,689 19
Increase of Liabilities: Funded Debt, $12-,548,800 ; Called Bonds, $1,000; Capi-
tal Stock Auxiliary Companies, $12,084,100 ; Funded Debt Auxiliary Com-
panies, $16,671,920 ; Outstanding Securities on Leasehold Estate, The K. C.,
F S. & M. Ry. — Preferred Stock, $13,510,000 ; Common Stock, $15,000,000 ;
Funded Debt and Equipment Notes, $33,490,610 ;, $62,000,610 ; Equipment
Notes, Blair & Co., $1,245,000 ; Notes Payable, $840,000 ; Audited Vouchers and
Pay Rolls, $1,580,669.45; Due'to'RR. Companies, acc't Traffic, $127,436.05;
Interest on Bonds, matured, $588,278.60 ; Interest on Bonds, accrued, $389.-
47296; Taxes accrued, $82,432.33; Sinking Funds accrued, $1,071,408.26;
Trustees' acc't Traffic Guaranty The K. C., F. S. & M. Ry. Co., $5,018.32 ; Im-
provement Fund (K. C. & M. Ry. & Bridge Co.), $18,089.29 — total 109,254,235 26
Increase Land Income Account (The K. C., F. S. & M. Ry. Co.) 32,207 40
Increase of Profit and Loss : Balance at Credit, June 30, 1902, $3,269,462.38 ; Bal-
ance at Credit, June 30, 1901, $1,910,668.87 — total 1,358.79351
Grand Total to be accounted for $113,219,925 30
Resources Accounted for.
Increase of Assets : Franchises and Property, $7,605,612.72 ; Suspense Account,
Difference between cost of Underlying Bonds refunded and proceeds of 4 p. c.
Refunding Bonds sold therefor to be charged to Profit and Loss .account in in-
stallments, $5,677,509.99 ; Franchises and Property Auxiliary Companies, $28,-
700,096.78 ; Leasehold Estate, The K. C., F. S. & M. Ry., $62,000,610 ; New
Equipment under Blair & Co. Equipment Trust, $1,245,000 ; Cash in Trust Co.'s
for Coupons and Sinking Funds, $894,511.92 ; Due from Agents and Conductors,
$585,681.21 ; Due from Companies and Individuals, $1,333,025.04 ; Due from
United States Government, $47,374.46 ; Supplies on hand, $659,881.31 ; balance
of Unadjusted Accounts, $156,067.06 ; Advances account Roads under Construc-
tion, $809,543.32; St. L. & S. F. Ry. Co. Trust Mtge. of 1880, 6s redeemed (par
$1,000) cost, $1,230 ; St. L. & S. F. RR. Co. 4 p. c. Bonds acquired for disburse-
ments made under provision of mtge. (par $1,648,000) cost, $1,650,913.30;
The K. C., F. S. & M. Ry. Co. Refunding Mtge. 4 p. c. Bonds in Treasury, cost,
$452,500 ; Trustees Sinking Fund Account, $973,737.28 ; St. Louis World's Fair
Stock, $14,000 — total $112,807,294 39
Decrease of Liabilities: Bonds redeemed, $12,000; Kansas City Division, 1st mtge.
4 p. c. Bonds, Improvement and Equipment Fund, $241,000 ; Special Master,
Kansas Midland Ry., $582.14 ; Due to Companies and Individuals, $70,678.93 ;
Kansas City, Osceola & So. Ry. Interest Fund, $42,408.86 ; St. Louis, Oklahoma
& So. Ry. Interest Fund, $38,024.53 ; Miscellaneous Liabilities of Receiver St.
Louis & San Francisco Ry., and prior, and of Atlantic and Pacific RR., Central
Division prior to purchase, assumed by this Company, $7,936.51 — total 412,630 97
Grand Total accounted for $113,219,925 36
24. RAILROADS OWNED, LEASED OB CONTROLLED BY THE ST. L. &, S. F. RR. Co., THE
ACCOUNTS AND STATISTICS OF WHICH ARE INCLUDED IN THAT COMPANY'S REPORT.
FORT WORTH AND RIO GRANDE RY.
— Chartered June 1, 1885 ; road opened from Fort
Worth to Brownwood, Tex., 146.16 miles, in July,
1891 (see MANUAL for 1891, page 714). Early in
1903 an extension was completed from Brown-
wood to Brady, Tex., about 47 miles. Further ex-
tensions to San Antonio and to the Mexican bor-
der are contemplated. The company is controlled
by the St. Louis and San Francisco RR. Co.
through ownership of $3,044,200 of its capital stock.
It Is operated as a quasi-independent corporation,
but all accounts and statistics are Included in
the report of the St. Louis and San Francisco RR.
Co., and are not published separately (see Man-
ual for 1902, page 761).
FINANCIAL STATEMENT. — Capital stock
($100 shares), $3,108,100; funded debt (1st 4s of
July 1, 1928), $2,923,000 — total, $6,031,100. The
rate or interest on the bonds, originally 6 p. c.,
was reduced in 1897 to 3 p. c. per annum for the
five years ending Jan. 1, 1902, and 4 p. c. per
annum thereafter, the old 5 p. c. coupons being
held alive by the trustee for the benefit of the
bondholders.
CORPORATE OFFICERS. — B. F. Yoakum,
Pres., St. Louis, Mo. ; L. B. Comer, Vice-Pres.,
Fort Worth, Tex. ; J. S. Jones, Sec. ; L. O. Wil-
liams, Treas., Fort Worth, Tex. ; F. H. Hamilton,
Asst. Sec. & Asst. Treas., St. Louis, Mo. Office,
Fort Worth, Tex.
KANSAS CITY AND MEMPHIS RY. AND
BRIDGE. — West Memphis, Ark., to Memphis,
Tenn., 3.23 m. ; total track (steel; 80 Ibs.), 4.23
miles.
HISTORY.— Chartered Nov. 21, 1887; put In
operation May 12, 1892. The company is con-
trolled by the Kansas City, Fort Scott and Mem-
phis Ry. Co., through ownership of Its entire
capital stock. The property was taken over for
operation by the St. Louis and San Francisco
RR. Co. on Jan. 1, 1902, under the lease of the K.
C., F. S. & M. Ry. The accounts and statistics of
this company are no longer published separately.
FINANCIAL STATEMENT. — Capital stock.
544
POOR S MANUAL OF RAILROADS SOUTHWESTERN GROUP.
13,000.000; funded debt (1st gold 6s of Oct. 1,
1928), $3,000,000 — total, representing cost of prop-
erty, $6,000,000. The bonds are guaranteed, both
as to principal and interest, by the K. C., F. S.
& M. Ry. Co., and the interest on them Is guar-
anteed under the lease by the St. Louis and San
Francisco RR. Co.
CORPORATE OFFICERS. — B. F. Yoakum,
Pres. ; F. H. Hamilton, Sec. & Treas., St. Louis,
Mo. Office, St. Louis, Mo.
KANSAS CITY, FORT SCOTT AND MEM-
PHIS RY. — Incorporated under the laws of
Kansas, June 14, 1901, to construct and oper-
ate a railway and telegraph line from Oswego
to Jacques Junction, Kan., about 24 miles. That
line Is under construction and part of it is in
operation. The company acquired from the K.
C., F. S. & M. RR. Co. lines aggregating 752.7
miles, besides the franchises and equipment of that
company and the capital stocks of Kansas City
and Memphis Ry. and Bridge Co., and Kansas
City, Memphis and Birmingham RR. Co. ; from
the K. C., F. S. & M. Ry. Co. of Oklahoma, it
acquired the line from Miami to Afton, Ind. T.,
and from the Current River RR. Co., the line
from Willow Springs to Grandin, Mo. (see Man-
ual for 1902, page 759). The line from Arcadia
to Springfield, Mo., 85 miles, acquired from the
K. C., F. S. & M. RR. Co., has been conveyed to
the Kansas City, Clinton and Springfield RR. Co.,
but trackage rights in it are secured to this
company. The properties of this company and
of the Kansas City and Memphis Ry. and Bridge
Co. are leased to the St. Louis and San Fran-
cisco RR. Co., for 99 years from Aug. 23, 1901, at
a rental equivalent to interest on the bonds for
which this company is liable and dividends at
the rate of 4 p. c. per annum on its preferred
stock. The accounts and rfttttistics of this com-
pany are no longer published separately, except
as shown in the statement for the lessee.
FINANCIAL STATEMENT, June 30, 1902.— Cap-
ital stock authorized ( $15,000.000 preferred and $45 -
000,000 common; $100 shares), $60,000,000. Capital
stock issued ($13,510,000 preferred and $15,000,000
common), $28,510,000. The entire capital stock is
owned by the St. Louis and San Francisco RR.
Co., the preferred stock being deposited as col-
lateral to an issue of trust certificates and the
common stock as collateral to the consol. mtge.
bonds. Funded debt (see lessees' statement)
$33,490,610. The company guarantees $3,192,000 1st
mtge. 5 p. c. bonds of the Kansas City, Clinton
and Springfield Ry. Co., $534,000 1st mtge. 6 p. c.
bonds of the Kansas City Belt Ry. Co. and $3,000,-
000 1st mtge. 5 p. c. bonds of the Kansas City
and Memphis Ry. and Bridge Co.
CORPORATE OFFICERS. — Murray Carleton,
Pres. ; Corwin H. Spencer, Sec. & Treas., St.
Louis, Mo. Office, Oswego, Kan.
KANS»S CITY, MEMPHIS AND BIR-
MINGHAM RR. — This company is a consolida-
tion, Feb. 1, 1887, of a company of the same name
with the Memphis and Birmingham Ry. Co. Re-
organized in 1894, without foreclosure, in accord-
ance with a plan dated Nov. 23, 1893, an abstract
of which is in the Manual for 1894, on page 1343.
Controlled by the Kansas City, Fort Scott and
Memphis Ry. Co. through ownership of the entire
capital stock. Operated as a quasi-independent
corporation, but all accounts and statistics in-
cluded in the report of the St. Louis and San
Francisco RR. Co. and no longer published sepa-
rately (see Manual for 1902, page 761).
CORPORATE OFFICERS. — B. F. Yoakum,
Pres. ; B. L. Winchell, Vice-Pres. ; F. H. Hamil-
ton, Sec. & Treas., St. Louis, Mo. Office, St.
Louis, Mo.
B. F. Yoakum St. Louis, Mo.
Henry C. Pierce..
Wm. K. Bixby....
Rich'd C. Kerens. "
Nathaniel Thayer.Boston.Mass.
BenJ. P. Cheney-
Mark T. Cox New York.N.Y.
Jas. Campbell — St. Louis, Mo.
25. Board of Directors St. Louis and San Francisco RR. Co., elected Feb. 5, 1903.
E. C. Henderson.New York.N.Y.
Jas. A. Blair. . . "
Jos. S. Ford
Henry H. Porter.
Executive Committee: S. F. Fulton, B. F. Yoakum, H. H. Porter, Nathaniel Thayer,
E. C. Henderson, James Campbell, H. C. Pierce and James A. Blair.
B. F. YOAKUM, President St. Louis, Mo.
B. F. Winchell, P 'ice-President and Gen. Manager
A. Douglas, Vice-President and General Auditor
C. H. Beggs, V ice-President and Asst. Gen. Manager.. " "
Sec. d Treas. — F. H. Hamilton.... St. Louis, Mo. | Comptroller — C. W. Hillard..New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Commercial Building, St. Louis, Mo.
Branch Office. Mills Building, New York, N. Y.
FRISCO SYSTEM— Railroads added to System after June 30, 1902.
BIRMINGHAM BELT RR.— In Birmingham, Ala., 15.81 miles. Gauge, 4 ft
8y8 in. Rail (iron and steel), 56 and 60 Ibs. Chartered Sept. 7, 1899. The company
owns and operates a belt and terminal system in the city of Birmingham, consisting
of about 14 acres of real estate in the heart of the city, and 15.81 miles of tracl
reaching 34 industries. Controlled by the Kansas City, Memphis and Birmingham RR.
Co. through ownership of the entire capital stock. Locomotives, 3. Freight cars, 16.
Financial Statement. — Capital stock, $50,000 ; funded debt (1st gold 4s of Oct.
1, 1922), $1,000,000 — total, $1,050,000. The capital stock is deposited in trust with
the Old Colony Trust Co., Boston, Mass., until such time as the St. Louis and San
Francisco RR. Co. shall have expended for additions and betterments to become subject
to the mortgage, at least $500,000 in cash other than the proceeds from sale of the
bonds. The proceeds of the $1,000,000 bonds represent the present cost of the property
and provide $100,000 for improvements. The bonds are subject to redemption at lOZ1/*
p. c. and accrued interest, on any interest day after sixty days' notice. They are
guaranteed as to principal and interest by the St. Louis and San Francisco RR. Cc
and by the Kansas City, Memphis and Birmingham RR. Co.
Railroad Map of Nebraska and Kansas.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, ••BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS I). SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual— Railroad Map of the United States, 1903.
NEBRASKA AND KANSAS.
Longitude 98° West from
Greemcich M°
Railroad Map of Nebraska and Kansas.
POOR'S BUREAU
OF
Information and Investigation,
Conducted in connection •with and as an adjunct to
Poor's Manual of Railroads,
WILL FURNISH UPON ORDER
Detailed information relative to new or projected Railroads,
Analyses of Railroad and other reports,
Statistics of Steam, Electric, Cable and Horse Railways,
Advance information relative to Railroad reports, etc. ; or will make
Full and comprehensive investigations into Railroad mortgages, bonds, leases or
k other contracts.
In a word, we propose to furnish information of any character coming within the scope
of this Bureau, but not contained in or within the province of our three annual publica-
tions, viz.:
POOR'S MANUAL OF RAILROADS,
POOR'S HAND-ROOK ON INVESTMENT SECURITIES,
POOR'S DIRECTORY OF RAILWAY OFFICIALS and
MANUAL OF AMERICAN STREET RAILWAYS.
Subscribers to any of the above-named works may address their inquiries to us, and
a prompt reply will be mailed at a cost based upon the length of time occupied on the work.
Special attention will be given to the preparation of Historical Statements of existing
or defunct corporations ; to investigations into the value of old railroad bonds, and to the
preparation of statistical exhibits designed to show the value of railroad securities. Besides
this, investigations will be made at anytime through official channels into the status of
new projects, and reports made thereon. Proceedings in foreclosure or reorganization will
be carefully followed, and all facts relating to such proceedings noted for reference.
It is believed that the establishment of this Bureau will prove of great benefit to the
subscribers for our annual publications, »s it will enable them at a nominal cost to avail of
our unequalled facilities for the collection of news items relative to Railroad Invest-
ments or projects, besides securing the privilege of access to our Library, which contains
all reports and documents issued during the past half century.
Annual subscribers to this Bureau may call for whatever information they desire
daring the period of their subscription. Terms upon application. Address
JOHN P. MEANY, Manager,
68 William Street, New York, N.
POOR'S MANUAL — FRISCO SYSTEM. 545
Directors.— B. F. Yoakum, B. L. Winchell, A. Douglas, C. H. Beggs, F. H. Hamil-
ton, L. F. Parker, St. Louis, Mo. OFFICEBS: B. L. WINCHELL, Pres.; S. T. Fulton,
Vice-Pres.; F. H. Hamilton, Sec. & Treas., St. Louis, Mo.; G. H. Clark, Gen. Mgr.,
Birmingham, Ala. GENERAL OFFICE, St. Louis, Mo.
ST. LOUIS AND GULF RY.— Mileage June 30, 1902: Cape Girardeau to
Caruthersville, Mo., 122 m.; Gibson, Ark., to Caligoa, Mo., 16 m. ; Kennett, Mo., to
Leachville, Ark., 26 m.; Pascola to Deering, Mo., 6 m. ; Bloomfield to Zalma, Mo.,
24 m.; Aquilla to Zeta, Mo., 3 m. ; under construction, 33 m. — total, 230 miles. Gauge,
4 ft. 8*/2 in. Rail (steel), 40 to 56 Ibs.
History.— Consolidation, May 1, 1902, of Houck's Mo. & Ark. RR.,
Morley and Morehouse RR., St. Louis, Morehouse and Southern RR., Clarkton Branch
of St. Louis, Kennett and Southern RR., St. Francis Valley RR., Kennett and Osceola
RR., Pemiscot Southern RR., St. Louis, Kennett and Southern RR. and Cape Girardeau,
Bloomfield and Southern RR. Controlled by the St. Louis and San Francisco RR.
Co. through ownership of the entire capital stock.
Financial Statement. — Capital stock, all owned by St. L. & S. F. RR. Co.,
$6,000,000. Bonds of constituent companies assumed: $135,000 St. L., K. & S. RR.
1st gold 6s of Feb. 1, 1921; $150,000 Pemiscot Div. 1st gold 6s of April 1, 1914;
$80,000 Kennett and Osceola RR. 1st gold 6s of June 1, 1917; $50,000 St. Francis
Valley RR. 1st gold 5s of Jan. 1, 1919; $100,000 bonds of Cape Girardeau, Bloomfield
and Southern Ry.; $120,000 bonds of Houck's Mo. & Ark. RR.; $33,000 bonds of
Morley and Morehouse RR., and $487,000 other bonds— total, $1,155,000. This com-
pany refuses all information; that given herein respecting funded debt is taken from
the statements for the constituent roads in the MANUAL for 1901.
Directors.— Not reported. OFFICERS: W. E. GUY, Pres.; B. L. Winchell, Vice-Pres.,
St. Louis, Mo.; V. R. Caldwell, Treas.; Eugene Mock, Aud., Cape Girardeau, Mo.
GENERAL OFFICE, Cape Giradeau, Mo.
ST. LOUIS, MEMPHIS AND SOUTHEASTEEN RE.— Cape Girardeau, Mo.,
to Hoxie, Ark., 129 m.; Luxora, Ark., to Paw Paw, Mo., 72 m. ; Ste. Genevieve to
Ste. Mary's June., Mo., 11.5'm. ; Mingo to Hunter, Mo., 45 m. — total, 257.5 miles. Gauge,
4 ft. 8y2 in. Rail (steel), 56 to 75 Ibs.
History. — Chartered Jan. 8, 1902, and acquired the Southern Missouri and Arkansas
RR. and the Hoxie, Pocahontas and Northern RR. on Feb. 1, 1902; the St. Louis and
Memphis RR. on March 1, 1902; the Crystal RR. on April 10, 1902, and 11.5 miles
of the Chester, Perryville and Ste. Genevieve RR., from Ste. Genevieve to Ste. Mary's
June., on April 15, 1902. The company also absorbed the Cape Girardeau and Northern
RR. Co. and the St. Louis, Caruthersville and Memphis RR. Co. On Aug. 22, 1902,
the following lines, to be laid with 75 Ib. steel rail, were under active construction;
Paw Paw to Shepley, Mo., 47 m. ; Cape Girardeau to Ste. Mary's June., Mo., 55 m. ;
Ste. Genevieve to St. Louis, Mo., 57 m. ; Hayti to Pocono, Mo., 7 m. — total, 166 miles.
These lines were expected to be completed by April 1, 1903. This company is con-
trolled by the St. Louis and San Francisco RR. Co. through ownership of its entire
capital stock.
Soiling Stock, June 30, 1902. — Locomotives, 27. Cars — passenger, 13; baggage,
mail and express, 4; freight (box, 67; flat, 307; coal, 26), 400; others, 25; service, 24 —
total, 466.
Operations, year ending June 30, 1902. — Trains run (passenger, 172,004; freight,
68,916; other, 30,839), 271,759 miles. Passengers carried, 96,287; carried one mile,
1,841,970. Tons freight moved, 170,272; ton-miles, 5,210,323. Earnings (passenger,
$59,242; freight, $234,240; other, $38,736), $332,218. Operating expenses, $220,588.
Net earnings, $111,630. Payments: Interest on bonds $30,000; taxes, $6,731 — total,
$36,731. Surplus, $74,899. Deductions during the year, $74,899.
General Balance Sheet, June 30, 1902.— Capital stock ($12,500,000 auth.; $100
shares), $1,975,000; funded debt (see below), $4,710,000; current liabilities, $136,953;
interest accrued, $4,000; other liabilities, $625 — total, $6,826,578. Contra: Cost of
road and equipment, $6,689,927; materials, etc., $20,435; cash and current assets,
$116,216— total, $6,826,578.
Funded Debt. —The funded debt on June 30, 1902, consisted of $4,535,000 ($8,b55,-
000 auth.) 1st gold 4s of Jan. 1, 1952, and $175,000 divisional 5s of 1952, of which
$125,000 are fixed interest bearing bonds and $50,000 with interest deferred to 1904.
No further information is furnished regarding the divisional bonds, and the company
makes no reference to the 1st mtge. 5 p. c. bonds of July 1, 1939, of the former
Southern Missouri and Arkansas RR. Co. (see MANUAL for 1902, page 1514).
546 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Directors, St. L., M. & S. E. RR. Co. — Not, reported. OFFICERS: B. F. YOAKUM,
Pres.; B. L. Winchell, Vice-Pres., St. Louis, Mo.; V. R. Caldwell, Treaa.; Eugene Mock,
Aud., Cape Girardeau, Mo. GENERAL OFFICE, Cape Girardeau, Mo.
CHICAGO AND EASTERN ILLINOIS RAILROAD COMPANY.
(Controlled by St. L. & S. F. RR. Co.)
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 714.59 miles).
Main Line: Dolton to Danville, 111 107.21 miles.
Brazil Division (Western): Danville Junction, 111., to Brazil, Ind 61.20 '
Brazil Division (Eastern): Momence Junction, 111., to Brazil, Ind 130.09
La Crosse Branch : Percy Junction to La Crosse, Ind 45.89 '
8t. Louis and St. Elmo Division : Danville Junction to Thebes, 111 276.32
Ohio River Branch: Joppa Junction to Joppa, 111 16.07 "
Sidell Branch: Rossville Junction to Sidell Junction, 111 34.29
C'issna Park Branch: Cissna Junction to Cissna Park, 111 11.36
Milford Branch: Milford Junction to Freeland, Ind 10.84 "
Other Branches: Casey, 6.63 m. ; Glenburn, 2.65 m.; Mission Field, 2.62 m. ;
Marion, 1.46 m.; Spiller, 0.52 m.; Otter Creek, 1.53 m.; Coxville, 1.16
m.; Mecca, 2.57 m.; Westville, 2.18 m 21.32 "
B. LINES OPERATED UNDER TRACKAGE RIGHTS (total 23.09 miles).
Chicago and Western Indiana RR.: Chicago to Dolton, 111 16.99 "
Evansville and Terre Haute RR.: Otter Creek June, to Terre Haute, Ind. . . 6.10 "
Total length of lines operated, June 30, 1902 737.68 miles.
Average mileage operated during the year 734.07 "
2d track, 106.06 m. ; sidings, 319.39 miles. Gauge, 4 ft. Sy2 in. Rail (steel), 60, 65
and 80 Ibs. This company owns a one-fifth interest in the Chicago and Western
Indiana .RR.
2. History.— Consolidation, June 7, 1894, of the (first) Chicago and Eastern Illinois
RR. Co. and the Chicago and Indiana Coal Ry. Co. The Chicago, Paducah and Memphis
RR. was purchased on Feb. 23, 1897, the unfinished Eastern Illinois and Missouri
River RR., from Marion to Thebes, 111., a distance of 62.5 miles, on June 7, 1899, and
the previously leased Evansville, Terre Haute and Chicago Ry., and Indiana Block
Coal RR., on Dec. 27, 1899, (See MANUAL for 1900, page 214.) The extension from
Joppa Junction to Joppa, 111., 16.07 miles, was completed in Dec., 1900. The branch
from Milford Junction tc Freeland, 111., 10.84 miles, was put in operation Nov. 8,
1901. It is proposed to extend it eastward about 11 miles farther to a connection
with the Brazil Division. In 1902 the St. Louis and San Francisco RR. Co. acquired
the control of this company (see Sec. 9).
3. Rolling Stock, June 30, 1902. — Locomotives, 139. Cars — passenger, 98 ; bag
gage, mail and express, 21; freight (box, 3,357; flat, 329; stock, 214; coal, 6,467;
furniture, 47), 10,414; service, 182 — total, 10,715.
4. Marine Equipment, June 30, 1902.— River steamer, 1; transfer barges, 4; land-
ing barges, 2; floating pile driver, 1.
5. General Income Account, year ending June 30, 1902.
Earnings — Passenger $1,044,032 94
Freight 5,038,726 99
Mail and Express 162,393 43
Miscellaneous 32,32061
Total ($8,551.63 per mile) $6,277,49397
Expenses —Maint. Way and Struc $611,566 68
Maintenance of Equipment. 737,837 46
Conducting Transportation. 1,947,339 72
General Expenses 169,499 42
Total ( $4,721.95 per mile) $3,466,243 28
Net earnings (44.73 p. c.), $2,811,250.69; other receipts, $249,146.88— total, $3,060,-
397.57. Payments: Interest, $1,245,888.68; taxes, $233,489.33; lease rentals, $132,137.79;
dividends (6 p. c. on preferred stock, $409,842; 6 p. c. on common stock, $431,868), $841,-
710; new construction and permanent betterments, $226,919.85; appropriation for new
equipment, $308,650; depreciation of equipment, $71,601.92— total, $3,060,397.57.
POOR'S MANUAL CHICAGO AND EASTERN' ILLINOIS RR. CO.
547
6. Statement of operations and income account for seven fiscal years ending June 30:
1896
N
1897
1898
1899
1900
1901
1902
Miles RR. Operated (aver.)
521.57
953,721
1,596,908
3,605,421
47,301,516
589.82
1,050,545
1,695,546
3,005,456
44,280,693
648.27
1,021,933
1,788,677
2,796,465
44,797,770
648.27
1,051,534
1,810,781
3,269,958
50,069,579
674.40
1,107,212
1,822,752
3,488,263
55,466,496
718.80
1,346,881
1,881,629
3,497,127
59,495,404
734.07
1,363,996
1,811,987
3,797,099
60,862,407
7,011,362
1,096,645,035
1,044,053
5,038,727
194,714
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Mileage
Freight (tons)Moved
4,437,290
583,808,792
S
727,414
3,154,642
132,568
4,582,64
612,368,345
$
677,262
3,115,116
135,232
4,784,375
660,143,108
S
709,343
3,379,462
132,633
5,538,429
750,399,337
$
797,387
3,638,721
145,452
5,876,261
850,501,320
$
877,100
4,105,620
166,177
5,914,394
917,170,653
$
968,746
4,521,062
169,638
Freight (ton) Miles
Earnings — Passenger
Freight
Other
Total Earnings
4,014,624
2,248,261
3,927,610
2,235,032
4,221,438
2,405,004
4,581,560
2,492,610
5,148,897
2,859,022
5,659,446
3,245,760
6,277,494
3,466,243
Operating Expenses
Net Earnings
1,766,362
154,644
1,692,578
157,712
1,816,434
166,285
2,088,950
196,689
2,289,875
214,890
2,413,686
219,063
2,811,251
249,147
Other Receipts
Total Net Income
1,921,006
1,850,290
1,982,719
2,285,639
2,504,765
2,632,749
3,060.398
233,489
1,245,889
132,138
(6) 409,842
(6) 431,868
607,172
Payments — Taxes
185,627
968,995
234,478
(6) 289,842
188,884
1,002,553
241,156
(6) 289,842
214,628
1,083,053
229,651
(6) 289,842
(2J) 154,945
220,310
1,066,399
231,567
(6) 349,842
(31) 216,923
100,000
100,598
7,067 36
3,845 02
3,222 34
54.41 p.c.
1.59 c.
0.49 c.
204,605
1,126,140
183,648
(6) 349,842
(4J) 278,901
129,205
232,424
7,634 78
4,239 36
3,395 42
55.53 p.c.
1.58 c.
0.48c.
225,534
1,201,671
137,578
(6) 379,842
(5$) 370,879
317,245
Interest
Rentals
Preferred DiVs
Common Div"s
Betterments
242,064
7,697 19
4,310 56
3,386 63
56.00 p.c.
1.54 c.
0.54 e.
127,855
6,658 99
3,806 30
2,852 69
56.91 p.c.
1.53 c.
0.51 c.
10,600
6,511 09
3,709 88
2,801 21
56.97 p.c.
1.58 c.
0.51 c.
Gross Earnings per Mile
7,873 46
4,515 52
3,357 94
57.35 p.c.
1.63 c.
0.49 c.
8,551 63
4,721 95
3,829 68
55.22 p.o.
1.72 c.
0.46 c.
Expenses to Earnings
Aver. Rate per Pass, per Mile
Aver Rate per Ton per Mile
7. Dividends. — Quarterly dividends of 1% p. c. each are paid regularly on the
preferred stock. Since July, 1898, dividends have been paid each half year on the
common stock. The St. Louis and San Francisco RR. Co. guarantees 6 p. c. per
annum on preferred shares and 10 p. c. per annum on common shares exchanged for
its stock trust certificates. (See statement for St. L. & S. F. RR. Co., Sec. 13.)
8. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $36,774,217 11
Chicago Term, and Other Investm'ts. 1,642,853 70
Stock of Other Companies 1,000,00000
Materials and Supplies 322,65925
Sinking Funds 1,045,66000
Cash and Current Assets 2,132,64299
Total Assets $41,918,03305
Common Stock Outstanding $7,197,80000
Preferred Stock Outstanding 6,830,700 00
Funded Debt Outstanding 24,576,000 00
C., P. & M. RR. Car Trust Notes 74,392 45
Current Liabilities 545,12322
Accrued Liabilities 684,29562
Appropriation for new Equipment 308,650 00
Balance to Credit of Income Account. 1,701,071 76
Total Liabilities . $41,918,03305
O. Capital Stock. — The capital stock issued up to June 30, 1902, amounted to $20,410,500,
consisting of $12,444,800 common stock and $7,965,700 preferred stock, but $5,250,600 of the com-
mon stock and $1,135,000 of the preferred stock were held in the treasury of the company. The
capital stock may be increased to a total of $10,000,000 in preferred stock and $15,000,000 in com-
mon stock, but must never exceed the rate of $10,000 in preferred stock and $15,000 in common
stock per mile of road completed and equipped. Preferred stock has priority over common stock
for dividends at the rate of 6 p. c. per annum, non-cumulative, but is entitled to no further share
of the yearly net profits. About 60 p. c. of the preferred stock and about 92 p. c. of the common
stock have been acquired by the St. Louis and San Francisco RR. Co., statement for which see.
1O. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $24,576,000, as
per general balance sheet — consisted of the several Issues of bonds, listed in the following state-
ment (additional particulars will be found in the Ready Reference Bond List — see General Index) :
f2,98O,OOO C. & E. I. RR. 1st sinking fund 6s
of Dec. 1, 1907, secured on the main line from
Dolton to Danville, 111., 107.21 miles. Under the
terms of the mortgage any of the bonds issued
thereunder which become the property of the
sinking fund are no longer issuable, but they
continue to bear interest at the rate of 6 p. c.
per annum, which goes to further increase the
sinking fund. The amount of bonds as above in-
cludes $279,100 held in the sinking fund, the
amount outstanding being $2,709,900. The sink-
ing fund accumulates at the rate of $20,000 a year.
f O7,OOO Danville & Grape Creek RR. 1st 6s of
May 1, 1920, secured on road from Danville to
Westville, 111., 7 miles.
$O1,OOO C. & E. I. Extension 1st 6s of Dec. 1.
1931, secured on the line from Grape Creek to
Sldell's Grove, 111., 16.4 miles.
548
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
$2,788,OOO 1st consol. gold 6s of Oct. 1, 1934,
secured on all the property of whatever descrip-
tion owned by the company prior to consolida-
tion with the Strawn and Indiana State Line and
the Chicago, Danville and St. Louis RR. Cos.,
Nov. 12, 1887. The trustee holds an amount of
these bonds sufficient for the retirement of prior
liens.
$13,643,OOO gen. consol. and 1st 5s of Nov.
1, 1937, secured on all the property acquired by
the company since the consolidation of Nov. 12,1887,
besides being a lien on all the company's prop-
erty, of whatever name or nature, subject, how-
ever, to prior liens, for the retirement of which
a sufficient amount of these bonds is reserved in
trust. The issue is limited to $30,000,000, at the
rate of $18,000 per mile of single track, $8,000 per
mile additional for double track, and $7,000 per
mile for equipment, the issue under the last- j
mentioned provision, however, not to exceed the
actual cost of equipment.
$42,OOO sinking fund collateral trust gold 6s
of Feb. 1, 1912, issued on Feb. 1, 1887, to the
amount of $400,000.
$4,626,OOO Chicago and Indiana Coal Ry. 1st
5s of Jan. 1, 1936, secured on the line from Brazil,
Ind., to La Crosse, Ind., the link from Percy
June., Ind., to Illinois State Line, and the 9.67
m. of coal branches (see MANUAL for 1894, page
376) ; a total of 174.30 miles. The issue is lim-
ited to $18,000 per mile of single track road and
$7,000 per mile for equipment, with provision for
a further issue of $8,000 per mile for double
track.
$15O,OOO Evansville, Terre Haute and Chi-
CCMTO RR. income 6s of May 1, 1920, secured by
first mortgage on the line from Danville Junc-
tion, 111., to Otter Creek Junction, Ind., 48.58
miles. These were issued as income bonds, but
are now fixed- interest-bearing.
$15O,OOO Indiana Block Coal RR. 1st sinking
fund Is of July 1, 1908, secured by mortgage on
the line from Otter Creek Junction to Brazil,
Ind., 12.62 miles. There is a sinking fund of
$1,500 a year, applicable to the purchase of bonds
at par, but there can be no drawings.
11. Board of Directors, C. & E. III. RR. Co., as constituted July 1, 1903.
Term expires June, 1904.
George H. Ball Boston, Mass.
W. H. Lyford Chicago, 111.
H. H. Porter, Jr....
Term expires June, 1905.
B. F. Yoakum..New York, N. Y.
J. H. Moore — " "
C. W. Hillard...
F. S. Flower...
Term expires June, 1906.
Daniel G. Reid.New York, N. Y.
Wm. B. Leeds. .
Wm. H. Moore..
James Campbell .. St. Louis, Mo.
B. F. YOAKUM, President St. Louis, Mo.
C. W. Hillard, Vice-President and Treasurer New York, N. Y.
W. H. Lyford, V 'ice-President Chicago, 111.
O. H. Lyford, V ice-President " "
Secretary — J. S. Ford Chicago, 111. | Asst. Treasurer — J. P. Reeves Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS 355 Dearborn St., Chicago, 111.
ST. LOUIS SOUTHWESTERN RAILWAY COMPANY
(For map of this system, see page 549.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Bonds and Stocks Owned. ... 14
Capital Stock 10
Contracts and Agreements. . . 5
Dallas Extension 3
Directors and Officers 16
Earnings, Expenses, etc., 1902. 7
Earnings and Exp., 1896-1902. 8
Equipment Trust Obligations. 13
Funded Debt 11
Gen. Bal. Sheet, June 30, 1902. 9
Gen. Bal. Sheet, 1896-1902.... 8
Guaranteed Bonds 12
History 2
Income Acct., June 30, 1902. . . 7
Interests in Other Companies. 4
Mileage Operated 1
New Consol. Mtge. Bonds. . . 11
Operations & Inc., 1896-1902.. 8
Rolling Stock 6
Stocks and Bonds Owned 14
Subsidiary Lines' Statement. 15
1. Mileage of St. Louis Southwestern Ry. System, June 30, 1902.
A. ST. Louis SOUTHWESTERN RY. Co. (627.5 miles).
Main Line: Bird's Point, Mo., to Texarkana, Tex
New Madrid Branch : Paw Paw, Mo., to New Madrid, Mo
Gray's Point Branch: Maiden, Mo., to Delta, Mo
Stuttgart Branch: Stuttgart, Ark., to Gillett, Ark
Little Rock Branch: Altheimer, Ark., to Argenta, Ark
Shreveport Branch: Lewisville Jc., Ark., to Shreveport, La
LEASED : Gray's Point Terminal Ry. : Delta to Gray's Point, Mo
B. ST. Louis SOUTHWESTERN RY. Co. OF TEXAS. (665.5 miles).
Main Line : Texarkana, Tex., to Gatesville, Tex
Sherman Branch : Mt. Pleasant, Tex., to Sherman, Tex
Fort Worth Branch : Commerce, Tex., to Fort Worth, Tex
Hillsboro Branch: Corsicana, Tex., to Hillsboro, Tex
Lufkin Branch : Tyler, Tex., to Lufkin, Tex
Dallas Branch: (Joint track with G., C. & S. F. Ry.)
418.0 miles.
5.7 "
51.4 "
34.8 "
41.07 "
59.5 "
16.4 "
304.6
109.9
97.2
40.0
88.6
25.2
Total length of all lines, St. Louis Southwestern System, June 30, 1902. 1,293.0 miles.
Sidings, etc. (St. L. S. W. Ry., 148.9 m.; St. L. S. W. Ry. of Texas, 118.2 m.) . 267.1 "
Gauge, 4 ft. 8% in. Rail (steel, 1,267.8 m.), 35, 55, 56, 60 and 75 Ibs.
550 POOR'S MANUAL OF RAILROADS SOUTHWESTERN GROUP.
The Magnolia Branch (Magnolia to McNeil, Ark., 6.4 miles, not included in the
above statement of mileage) Is leased to and operated by the Louisiana and Northwest
RR. Co. for the term of 20 years from Aug. 1, 1898, at a rental of $3,960 per annum.
S3. History. — Reorganization of the St. Louis, Arkansas and Texas Ry. Co., whose
property was sold under foreclosure in Oct., 1890. Three distinct companies were
formed Jan. 12, 1891 — the St. Louis Southwestern Ry. Co., the St. Louis Southwestern
Ry. Co. of Texas, and the Tyler Southeastern Ry. Co. (see MANUAL for 1892, page 558).
On Oct. 6, 1899, the Tyler Southeastern Ry. Co. was absorbed by the St. Louis South-
western Ry. Co. of Texas. On Jan. 3, 1901, the company purchased at foreclosure
sale the Stuttgart and Arkansas River RR., extending from Stuttgart to Gillett, Ark.,
a distance of 34.8 miles, and has operated it as the Stuttgart Branch since Jan. 16,
1901. The company owns all the capital stock and guarantees the outstanding bonds
of the Gray's Point Terminal Ry. Co. The accounts and statistics of that company
are included in this statement.
3. Dallas Extension. — An extension from Noel Junction, Tex., on the Fort
Worth Branch, to a connection with the tracks of the Dallas Terminal Ry. and Union
Depot Co., a distance of about 12 miles, was completed and opened for business on
May 15, 1903, and the use of the G., C. & S. F. Ry. track between Wylie and Dallas,
25.2 miles, was discontinued on the same date. The company controls the Dallas
Terminal Ry. and Union Depot Co., but the accounts and statistics thereof are not
included in this statement.
4. Interests in Other Companies. — The company owns a majority of the capital
stock and a majority of the funded debt of the Paragould Southeastern Ry. Co., and
50 p. c. each of the capital stock and funded debt of the Pine Bluff Arkansas River
Ry. Co. Statements for those companies and for the Dallas*Terminal Ry. and Union
Depot Co. are subjoined hereto.
5. Contracts and Agreements. — Under a contract effective Aug. 1, 1898, this com-
pany uses the tracks of the Gulf, Colorado and Santa Fe Ry. Co. between Wylie and
Dallas, Tex., including terminals at Dallas, while the Gulf Company has the use of
tracks between Wolfe City and Sherman, Tex., and terminals In Sherman, belonging
to this company. Under an agreement effective April 1, 1900, this company has
trackage rights for passenger trains over the Texas and Pacific Ry. between Hodge
and Ft. Worth, Tex., 6.5 miles, and joint use of the Texas and Pacific union passenger
station and terminals at Ft. Worth. A traffic agreement for the joint use of the
terminals of the St. Louis, Iron Mountain and Southern Ry., at Memphis, Tenn., under
the terms of Avhich this company has established independent local freight and passenger
agencies at that point, became effective on May 15, 1900. An agreement was entered
into with the St. Louis, Iron Mountain and Southern Ry. Co., covering freight and
.passenger service between Delta and St. Louis, Mo., under the terms of which, effective
Oct. 15, 1900, this company is afforded trackage rights for its passenger trains between
Delta and Bismark, Mo., at which point connection is made with the St. Louis, Iron
Mountain and Southern Ry., in whose trains this company's passenger cars enter and
depart from Union Station, St. Louis, Mo. Under the terms of this contract the
St. Louis, Iron Mountain and Southern Ry. also transports freight traffic for this
company between Delta and St. Louis, Mo., and grants the joint use of their terminals
at the latter point.
6. Rolling Stock, June 30, 1902. — Locomotives, 149. Cars — passenger, 44; chair,
27; parlor, 5; combination, 1; baggage, mail and express, 38; freight (box, 4,531; flat,
515; stock, 753; coal, 381; tank, 4; refrigerator, 23; furniture, 420), 6,627; service,
325 — total, 7,067. Of this equipment, 500 stock cars were held under lease from the
Mather Humane Stock Transportation Co., while 49 of the locomotives and 4,739 of
the cars (17 chair, 8 baggage, etc., 3,486 box, 287 flat, 124 coal, 346 furniture, 253 stock,
20 caboose and 198 ballast) were held under equipment trusts.
POOR S MANUAL — ST. LOUIS SOUTHWESTERN RY. CO.
551
7. General Income Account, year ending June 30, 1902.
Earnings— Passenger $1,364,434 90
Freight 5,555,726 90
Mail and Express 272,31044
Miscellaneous 74,787 49
Total ($5,620.46 per mile) $7,267,259 73
Expenses — Maint. of Way and Struc. . $1,357,932 37
Maintenance of Equipment. 819,588 39
Conducting Transportation. 2,636,721 20
General Expenses 358,824 77
Total ($4,000.83 per mile) $5,173,06673
Net earnings (28.82 p. c.), $2,094,193; other receipts, $89,018.69— total, $2,183.-
211.69. Payments: Interest, on 1st mtge. bonds, $800,000; on 1st consol. mtge. bonds
$14,847.91; taxes, $195,618.90; equipment payments, $385,412.90; rental, G. P. Terminal
Ry., $16,950; sundry adjustments, $42,192.80 — total, $1,455,022.51. Surplus, $728,-
189.18; surplus to June 30, 1901, $918,592.99; interest received on 2d mtge. income
bond certificates, $11,234.92— total, $1,658,017.09. Deduct interest earned on 2d mtge.
income bonds (2 p. c. for 6 months, ending Dec. 31, 1901, payable July 1, 1902, $200,000.
Net surplus June 30, 1902, $1,458,017.09.
8. Results from operation and capital accounts for seven fiscal years ending June 30 :
1896
1897
1898
1899
1900
1901
1902
Miles Operated (aver.)
1,223.00
1,223.00
1,223.00
1,249.80
1,258.20
1,275.50
1,293.00
Passenger Train Mileage
1 460 769
1 484 300
1 477 639
1 483 845
1 483 203
1,619,600
1,612,319
Freight Train Mileage
1 967 410
2017779
2 169 415
2 103 430
1 962 864
2210014
2,218,851
935555
803644
828538
899 048
994503
1,281 928
1,236,335
Passengers One Mile
40 159 897
33 214 295
37 153 691
38373910
41 908 926
57,983,590
58,073,255
Freight (tons) Moved
1 487 078
1 524,709
1 773,333
1887,609
2,101,048
2,399,171
2,586,387
Freight (ton) Miles
312 998 714
325,472,192
358,109,737
380,660,588
412,395,505
468,837,265
514,942,815
Earnings- -Passenger
$
944,147
$
785,018
$
854,121
$
910,867
$
1,013 027
$
1,400,713
$
1,364,435
Freight
' 3 685 639
3 668 482
4 138 932
4 619 985
4 594 855
5 652 872
5,555,727
Other
274 704
290046
286280
331 486
300402
333589
347,098
Total
4904490
4 743 546
5 279 333
5862338
5 908 284
7 387 174
7,267,260
Operating Expenses
4 132 375
3855888
4 173 328
4209088
4 156 073
4 632 892
5,173,067
772 115
887658
1 106 005
1 653 250
1 752211
2 754 282
2 094 193
10077
3584
8907
84457
95686
821%
89019
Total Income
782 192
891 242
1 114912
1 737 707
1 847 897
2 836 478
2,183,212
Payments — Interest
816 185
817268
811 881
800000
800000
800000
814,848
Taxes
128 552
121 485
131007
133 495
151 566
155771
195,619
Rental
9888
16950
16950
16,950
Other
15305
15 677
14731
34647
249 087
308782
427,606
Int. on Inc. Bonds
180000
360000
580,000
200,000
Balance (-f- or — )
—177850
—63 188
+157 294
+579 677
+270 293
+974 974
+528 189
Gross Earnings per Mile
4010 21
3878 62
4 316 71
4690 62
4 695 82
5 791 59
5620 46
Gross Expenses per Mile
3378 88
3 152 81
3 412 37
3 367 81
3303 19
3632 22
4000 83
Net Earnings per Mile
'(531 33
725 81
904 34
1 322 81
1 392 63
2159 37
1 619 63
Expenses to Earnings
Earnings p. Pass. p. Mile
Earnings p. Ten p. Mile
Preferred Stock
84.26 p.c.
2.35 c.
1.18 c.
%
20000000
81.29 p.c.
2.36 c.
1.13 c.
$
20000000
79.05 p.c.
2.30 c.
1.16c.
$
20000000
71.80 p.c.
2.37 c.
1.21 c.
$
20 000000
70.34 p.c.
2.42 c.
1.11 c.
$
20000000
62.72 p.c.
2.42 c.
1.12 c.
$
20000000
71.18 p.c.
2,35c.
1.08 c.
$
20000000
Common Stock
16 500 000
16 500000
16 500000
10 500 000
16 500 000
16 500 000
16 500 000
Funded Debt
28 359 093
28 2^4 558
28 335 741
90 8'59 675
29 123 832
31 263 536
44 130 188
Other Liabilities
1 384292
1 346 173
1 567 9r)4
1 OG7 991
950 348
2 619 063
1 653200
Profit and Loss
288 623
165 703
310 676
1 35' 517
664 689
918 593
1 458 017
Total Liabilities
66532008
66 306434
66713641
68 759 483
68 038 869
71 301 192
83 741 405
Road and Equipment
65468442
65 479 046
65 637 874
66925 808
65 981 240
67 372 211
67 067 250
0. P. T. Rv. Leasehold
339000
'339'000
339000
339000
Real Estate
27328
27 328
27 328
27 328
27*328
27 328
27 328
Stocks, Bonds, etc
416 750
275 250
302 188
363 039
363 039
371 164
7 125703
Materials and Supplies. . . '
289 974
247 877
291 312
39° 95''
391 545
627068
507267
Other Assets
330214
276 933
454 939
711 357
936717
2 %4 421
8 67* 857
Total Assets
06 5.T> 008
66 300 434
60713 641
68 759 4S3
68 038 869
71 301 192
83741 405
NOTE. — Funded debt includes equipment obligations in each year, and Includes $339,000 bonds
ol the Gray's Point Terminal Ry. in 1899, 1900, 1901 and 1902.
552
I'OOR 8 MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
9. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $67,067,250 00
Gray's Point Term. Ry. Leasehold. . 339,000 00
Real Estate 27,32795
Stocks and Bonds Owned (see below). 7,121,039 21
Other Permanent Investments 4,663 97
Materials and Supplies 507,26695
Cash 5,881,43656
Current Assets 1,136,11800
Trust Equipment Unpaid Balance... 1,657,30251
Total Assets $83,741,405 15
Common Stock ($100 shares) $16,500,000 00
Preferred Stock ($100 shares) 20,000,00000
Funded Debt Outstanding 42,054,75000
Gray's Point Terminal Ry. Co. Bonds. 339,000 00
Equipment Trust Obligations 1,736,43787
Interest on Bonds, Due and Accrued. 417,426 04
Sundry Accounts Payable 700,044 92
Hospital Fund 13,71573
Reserve Funds 522,013 50
Profit and Loss 1,458,017 09
Total Liabilities $83,741,40515
10. Capital Stock. — The authorized capital stock is $55,000,000, consisting of $20,000,000
5 p. c. non-cumulative preferred stock and $35,000,000 common stock.
11. Funded Debt. — The funded debt, as per general balance sheet of June 30, 1902, con-
sisted of certificates for $20,000,000 1st gold 4s of Nov. 1, 1989, and $10,000,000 2d income gold
4s of Nov. 1, 1989, and of $12,054,750 1st consol. gold 4s of June 1, 1932. Of the 2d mtge. Income
bond certificates, $6,727,500 are deposited with the trustee under the 1st consolidated mortgage,
leaving only $3,272,500 of that issue actually outstanding. The two issues of bond certificates
represent 1st mtge. bonds and 2d mtge. bonds of the constituent companies deposited with the trus-
tees— $9,895,000 1st mtge. bonds and $4,947,500 2d mtge. income bonds secured on the St. Louis
Southwestern Ry., exclusive of the Stuttgart Branch ; $9,445,000 1st mtge. bonds and $4,722,500 2d
mtge. income bonds of the St. Louis Southwestern Ry. Co. of Texas ; $660,000 1st mtge. bonds and
$330,000 2d mtge. income bonds of the Tyler Southeastern Ry. Co. (secured on the Lufkin Branch
of the St. L. S. W. Ry. of Tex.). Interest on 2d mtge. bonds, at the rate of not exceeding 4 p. c. per
annum, non-cumulative, is declared in Oct. and April, if earned in the preceding calendar half
years, and is payable on Jan. 1, or July 1 following the declaration.
First Consol. Mtge. Gold Bonds. — These bonds are authorized to the amount of $25,000,000.
The outstanding bonds were issued, $6,000,000 of them to provide for present capital requirements,
including the retirement of the equipment obligations and the remaining $6,054,750 in exchange
for $6,727,500 2d mtge. income bond certificates. The unissued bonds are reserved — $2,945,250
for the retirement of the $3,272,500 2d mtge. income bond certificates still outstanding at the rate
of exchange of $900 consols for $1,000 income bonds, and $10,000,000 (together with any surplus
bonds not used or required for refunding the 2d mtge. income bonds) for the acquisition of branch
lines, at a rate not exceeding $20,000 per mile, and for betterments, additions and new equipment.
The bonds are secured upon the entire property of the company, subject to prior liens, and are addi-
tionally secured by deposit of the $6,727,500 of 2d mtge. income bonds already exchanged. They
are secured by first mortgage on the property formerly owned by the Stuttgart and Arkansas River
RR. Co., including the line from Stuttgart to Gillctt, Ark., 34.8 miles, and will be secured on any
additional lines and property acquired with their proceeds, either by direct mortgage or by deposit
of the securities representing the ownership of such additional lines and property. By the terms
of the mortgage all securities deposited as collateral under it are to be first made non-negotiable ;
and provision is also made for the cancellation of deposited bonds as fast as the whole of any issue
is delivered to the trustee of this mortgage. It is also provided that any income received from
securities deposited as collateral shall constitute a sinking fund (a) for the purchase of bonds se-
cured by the mortgage, or of 2d mtge. income bonds, and (b) for the acquisition of additional prop-
erty (to be covered by the mortgage) ; any bonds acquired through the operation of the sinking fund
to be deposited under the mortgage as additional security therefor.
12. Guaranteed Bonds. — The Gray's Point Terminal Ry. Co. 1st gold 5s of Dec. 1, 1917,
are guaranteed, both as to principal and interest, by the St. Louis Southwestern Ry. Co., by endorse-
ment on the back of each bond. They are secured on all of the property of the Gray's Point Ter-
minal Ry. Co. The mortgage provides that the bonds may be issued at not exceeding the rate
of $15,000 per mile, " for each mile of main line and side track or terminal track," whether now
owned or hereafter acquired.
13. Equipment Trust Obligations. — The notes outstanding on June 30, 1902, were of
eighteen issues, payable as follows : $554,912.96 during the year ending June 30, 1903 ; $423,-
582.54 during the year ending June 30, 1904 ; $315,123.09 during the year ending June 30, 1905 ;
$177,957.26 during the year ending June 30, 1906 ; $171,974.16 during the year ending June 30,
1907, and $92,887.86 during the year ending June 30, 1908. Since the close of the fiscal year over
97 p. c. of the total amount of equipment trust obligations outstanding, as above, have been ac-
quired from the proceeds of sale of first consol. mtge. bonds. The notes so purchased are kept
alive as security for the new bonds.
14. Stocks and Bonds Owned. — Second mortgage income bond certificates, St. L. S. W. Ry.
Co., $6,727,500; preferred stock, St. L. S. W. Ry. Co., $106,350; common stock, St. L. S. W. Ry.
Co., $143,900 ; $56,000 capital stock and $56,000 1st mtge. bonds of the Paragould Southeastern
Ry. Co. ; $200,000 capital stock and $50,000 1st mtge. bonds of the Pine Bluff Ark. River Ry. ;
$500,000 capital stock and $33,000 1st mtge. bonds of the Gray's Point Terminal Ry. Co. ; $10,000
capital stock, So. 111. and Mo. Bridge Co., part paid ; $15,000 capital stock, La. Pur. Expo. Co.,
part paid ; $5,000 1st mtge. bonds of the Citizens L. & Transit Co., Pine Bluff, Ark. — total, par
value, $7,902,750; book value (as per balance sheet), $7,121,039.21.
15. RAILROADS OWNED OR CONTROLLED BY THE ST. L. S. W. RY. Co.
GRAY'S POINT TERMINAL RY Delta
to Gray's Point, Mo., 16.4 m. ; total track ( steel ;
55 Ibs.), 22.6 miles. Chartered May 23, 1896; road
opened Nov. 21, 1898. Leased to the St. Louis
Southwestern Ry. Co., for 60 years from Dec. 1,
1897, the lessee guaranteeing $339,000 1st mtge.
5 p. c bonds, both principal and interest. The
lessee owns the capital stock, and in its accounts
are included those of this company. S. W. For-
dyce, Pres. ; S. H. West, Vice-Pres. & Sec. ; G. K.
Warner, Treas., St.Louis, Mo. Office, St.Louis.Mo.
ST. LOUIS SOUTHWE STERN RY. CO. OF
TEXAS. — Mileage, rolling stock, operations, etc.,
are Included in the main statement, which see.
Balance sheet, June 30, 1902. — Capital stock ($100
shares), $2,750,000; funded debt (see above), $15,-
157,500; other debt, $3,386,666 — total, $21,294,166.
Contra : Cost of road and equipment, $17,907,500 ;
POOR S MANUAL — ST. LOUIS SOUTHWESTERN SYSTEM.
553
other assets, $594,634 ; profit and loss, $2,792,032 — Britton, Pres., St. Louis, Mo. ; R. D. Cobb, Sec. ;
total, $21,294,166. Funded debt Includes the bonds J. W. Hogan, Treas., Tyler, Tex. Office, Tyler,
of the Tyler Southeastern Ry., which were as- Tex.
sumed In the consolidation of Oct. 6, 1899. F. H.
16. Board of Directors, St. Louis Southwestern Ry. Co., elected October 1, 1902.
Thos. T. Eckert.New York.N.Y.
Winslow S. Pierce.
Win. H. Taylor...
EDWIN GOULD, President New York, N. Y.
F. H. Britton, V ice-President and General Manager .... St. Louis, Mo.
Wm. A. Hamilton; V ice-President New York, N". Y.
Secretary — George Erbelding New York, N. Y. General Auditor — S. C. Johnson... St Louis, Mo
Treas. & Asst. Sec. — G. K. Warner. . St. Louis.Mo. General 8upt. — W. E. Green Tyler, Tex
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
Edwin Gould... Irvington, N. Y.
F. H. Britton. ...St. Louis, Mo.
R.M. Gallaway. . New York.N.Y.
E. T. Jeffery.... New York.N.Y.
Murray Carleton..St. Louis, Mo.
Charles Parsons... " "
ST. LOUIS SOUTHWESTERN SYSTEM— Railroads Controlled by the St. Louis
Southwestern Ry. Co. but Operated Separately.
DALLAS TERMINAL RY. AND UNION DEPOT CO.-ln city of Dallas,
Tex., 4.68 m.; total track (steel; 60 Ibs.), 5.99 miles. Gauge, 4 ft. 8j^ in. The road
connects all lines centering in the city of Dallas.
History. — Chartered on Dec. 10, 1894; opened for business on Jan. 1, 1896. Charter
amended Jan. 10, 1899, changing the name to Dallas, Fort Worth and Gulf By. Co.
Purchased in 1901 by the St. Louis Southwestern Ry. Co., and company reorganized
as of Jan. 1, 1902, under its original title.
Financial Statement, Jan. 1, 1903. — Capital stock ($100 shares), $500,000.
Funded debt, $80,000 1st mtge. 6 p. c. 30-yr. gold coupon bonds, with privilege of
registration. Cost of road to date, $300,000.
Directors.— W. C. Connor, Alex. Sanger, Philip Sanger, W. O. Connor, C. A. Keating,
J. T. Trezevant, E. M. Reardon, Dallas, Tex. OFFICERS: W. C. CONNOR, Pres.; Alex.
Sanger, Vice-Pres.; E. M. Reardon, Treas.; H. T. Allen, Sec., Dallas, Tex. GENERAL
OFFICE, Dallas, Tex.
PARAGOULD SOUTHEASTERN RY.— Paragould, Ark., to Hornersville, Mo.,
22.04 m.; total track (steel; 35 and 56 Ibs.), 24.71 miles. Trackage: St. L. S. W. Ey.,
Paragould June, to Union Depot, 0.75 mile. Gauge, 4 ft. 8J^ in.
History. — Chartered Aug. 9, 1893, as successor to Paragould and Buffalo Island
RR. Co. The extension to Hornersville, 9.99 miles, was opened for traffic Oct. 25,
1897. A further extension from Hornersville, Mo., to Blythesville, Ark., 15 miles, has
been put in operation since the close of the fiscal year.
Rolling Stock, June 30, 1902.— Locomotives, 3. Cars — passenger, 2; freight (box,
3; flat, 1), 4— total, 6.
Operations, year ending June 30, 1902. — Trains run (passenger, 23,354; mixed,
10,548), 33,902 miles. Passengers carried, 44,363; carried one mile, 437,541; tons
freight moved. 51,773; moved one mile, 667,410. Earnings (passenger, $16,816; freight,
$46,773; other, $5,418), $69,007. Operating expenses, $45,896. Net earnings, $23,111;
other receipts, $802— total, $23,713. Payments: Interest on bonds, $6.000; taxes,
$1,287; other deduction, $390 — total, $7,677. Surplus, $16,036; surplus forward, $42,-
813— total, $58,849. Deductions during the year, $291. Surplus, June 30, 1902, $58,558.
General Balance Sheet, June 30, 1902.— Capital stock ($100 shares), $100,000;
funded debt (1st 6s of 1913), $100,000; current liabilities, $24,141; profit and loss;
$58,558 — total, $282,699. Contra: Cost of road, etc., $258,587: materials, etc., $12,694;
cash, $11,418 — total, $282,699. The St. Louis Southwestern Ry. Co. owns $56,000 of
the bonds and an equal amount of the capital stock.
Directors (elected Aug. 19, 1902).— W. C. Hasty, A. Bertig, Paragould, Ark.; F. H.
Britton, St. Louis, Mo.; W. E. Green, Tyler, Tex.; J. C. Hawthorn, Jonesboro, Ark.
OFFICERS: F. H. BRITTON, Pres., St. Louis, Mo.; J. M. Lowe, 1st Vice-Pres. & And.; A.
Bertig, 2d Vice-Pres.; J. S. Yates, Treas.; D. Loeb, Sec., Paragould, Ark. GENERAL
OFFICE, Paragould, Ark.
PINE BLUFF ARKANSAS RIVER RY.— Rob Roy to Reydel, Ark., 25.5 m.;
trackage: St. L. S. W. Ry., Pine Bluff to Rob Roy, Ark., 7.5 m.— total operated, 33
miles. Sidings owned, 1.05 miles. Rail (steel, 21.05 m.), 40 Ibs. Gauge, 4 ft. 8y2 in.
554
POOR'S MANUAL OP RAILROADS — SOUTHWESTERN GROUP
History.— Chartered Jan. 6, 1898. as successor to the Pine Bluff and Eastern RK.
Co. (see MANUAL for 1897, page 215). An extension, English to Reydel, 5.5 miles,
was completed and put into operation in the fall of 1902.
Rolling Stock, June 30, 1902. — Locomotive, 1. Cars — passenger, 1; baggage, etc..
1; freight (flat), 2— total, 4.
Operations, year ending June 30, 1902 (average 27.5 miles). — Trains run (mixed),
19,632 miles. Passengers carried, 19,532; carried one mile, 283,183. Tons freight moved,
17,062; ton-miles, 324,178. Earnings, (passenger, $8,214; freight, $24,957; other, $1,074),
$34,245. Operating expenses, $19,703. Net earnings, $14,542. Payments: Interest on
bonds, $5,000; taxes, $918; other charges, $18 — total, $5,936. Surplus, $8,606; surplus
forward, $4,011— total, $12,617.
General Balance Sheet, June 30, 1902.— Capital stock, ($100 shares), $200,000;
funded debt (1st gold 5s of Feb., 1928, $200,000 auth.), $100,000; interest accrued,
$2,083; other liabilities, $2,712; profit and loss, $12,617— total, $317,412. Contra: Cost
of road and equipment, $300,000; materials, etc., $3,124; cash and current assets,
$14,288 — total, $317,412. Since the close of the fiscal year $26,000 additional bonds have
been authorized on the extension from English to Eeydel, Ark.
Directors (elected Jan. 5, 1903).— Wm. H. Langford, J. M. Taylor, E. A. Peck,
Pine Bluff, Ark.; F. H. Britton, St. Louis, Mo.; W. H. Taylor, New York, N. Y.
OFFICERS: WM. H. LANGFORD, Pres. & Treas.; C. G. Loving, Asst. to Pres.; J. M.
Taylor, Vice-Pres.; J. G. Taylor, Sec., Pine Bluff, Ark. GENERAL OFFICE, Pine Bluff, Ark.
TEXAS AND PACIFIC RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 10
Directors and Officers 12
Earnings, Exp., etc., 1901-02. 4
Earnings, Exp., etc.,1896-1902. 5
Funded Debt, Details of 11
Gen. Assets, Dec. 31, 1902.... 6
Gen. Bal. Sheet, Dec. 31, 1902. 9
History 2
Income Acct., Dec. 31, 1902... 4
Land Grant 8
Mileage Operated 1
Operations, 1896-1902 5
Rolling Stock 3
Securities in Treasury 7
1. Mileage Operated, Dec. 31, 1902 (owned, 1,652.08 miles).
Louisiana Division : New Orleans to Shreveport, La 326.04 miles.
Transcontinental Division: T. C. June., via Whitesboro to Ft. Worth, Tex. 239.22
Eastern Division: Texarkana via Marshall to Fort Worth, Tex 252.81
Rio Grande Division: Fort Worth to Sierra Blanca, Tex 521.49
Marshall Section: Reisor to Marshall, Tex 34.13
Port Allen Branch: Baton Rouge to end of track, La 80.00
Indian Village Branch: Plaquemine to Indian Village, La 7.12
Westwego Branch: Westwego Junction to Westwego, La 1.00
Coal Branches : Main Line to Coal Mines 6.29
La Fourche Branch: Donaldsonville to Thibodeaux, La 28.20
Texarkana District : Texarkana to Shreveport, La 71.24
Natchitoches Branch: Cypress to end of track, La 50.84
Avoyelles Branch: Bunkie to Marksville and Simmesport, La 34.20
TRACKAGE : Galv., Harrisb. & San- Antonio Ry. : Sierra Blanca to El Paso, Tex. 93.00
Total length of lines operated, Dec. 31, 1902 1,745.58 miles.
Sidings, etc., 397 miles. Gauge, 4 ft. 8y2 in. Rail (steel, 1,726 m.), 56, 63 and 75 Ibs.
2. History. — Organized under Act of Congress, March 3, 1871, and the general
railroad laws of the State of Texas, and acquired the properties of the Southern Pacific,
the Southern Transcontinental, and the Memphis, El Paso and Pacific RR. Cos. Re-
organized after foreclosure sale on Nov. 8, 1887. (See MANUAL for 1899, page 594, and
MANUAL for 1902, page 503.) At the close of the fiscal year construction was in
progress on an extension of the Port Allen Branch to Concordia, about 29 miles, and
on an extension of the Natchitoches Branch to Shreveport, abdut 30 miles.) Between
Sierra Blanca and El Paso, 93 miles, the track is used jointly with the Galveston,
Harrisburg and San Antonio Ry., this company paying one-half taxes, station expenses,
and cost of maintenance, and also 6 p. c. on $10,000 per mile.
The company owns the Denison and Pacific Suburban Ry., extending from Sherman
to Denison, Tex., 7.3 miles, but that road is operated separately. (See MANUAL for
POOR S MANUAL — TEXAS AND PACIFIC RY. CO.
555
1896, page 912; also subjoined statement for D. & P. S. Ry.) Under the terms of the
contract covering the construction of the road the capital stock and bonds of the
Denison and Pacific Suburban Ry. Co. were delivered to the Texas and Pacific Ry. Co.
during the year 1900, and are held in the treasury of the company.
3. Rolling Stock, Dec. 31, 1902. — Locomotives, 311. Cars — passenger, 62; com-
bination, 20; excursion, 1; business, 3; chair, 23; baggage and express, 31; baggage
and mail, 16; postal, 4; freight (box, 6,470; flat, 1,389; stock, 148; coal, 851; tank,
8; refrigerator, 10; fruit, 30; caboose, 140), 9,046; service, 406 — total, 9,612. The
company also owns 2 transfer steamers.
4:. General Income Account, year ending December 31, 1902.
Expenses— Maint. of Way and Struc... $1,560,616 81
Maintenance of Equipment. 1,410,592 73
Conducting Transportation. 4,423,020 94
General Expenses 358,059 42
Total ($4,568.23 per mile) $7,752,289 90
Earnings— Passenger $2,557,896 36
Freight 7,766,914 45
Mail and Express 499,64666
Miscellaneous 412,14365
Total ($6,621.45 per mile) $11,236,601 12
Net earnings (31.01 p. c), $3,484,311.22; add other receipts (Westwego Elevator,
$33,200; land sales, $19,385.07; interest and premiums, $95,245.10), $147,830.17— total,
$3,632,141.39. Payments: Interest on funded debt, $1,428,459.17; taxes, $284,514.39;
Westwego fire claims, $163,641.94; sundries, $37,423.59 — total, $1,914,039.09. Surplus,
$1,718,102.30; deficit from previous year (credit balance Dec. 31, 1901, $3,220,439.41;
less dividend on income bonds, March 1, 1902, $1,161,900; transferred to improvement
and equipment account, $2.207,358 — total debit, $3,369,258), $148,818.59; balance to
credit, Dec. 31, 1902, $1,569,283.71.
5. Comparative statement of traffic operations, earnings, expenses, etc., for seven
years ending Dec. 31 :
1896
1897
1898
1899
1900
1901
1902
Miles of RR. (aver.)- ..
Passenger Train Miles.
Freight Train Miles. . .
1,499
2,003,510
2,709,773
1,499
1,888,440
3,319,982
1,004,870
58,738,584
2,366,689
548,323,830
$
1,463,628
5,685,170
439,851
1,499
2,037,214
3,372,693
1,206,162
74,261,323
2,359,872
512,005,537
$
1,768,772
5,768,602
469,129
1,492
2,028,796
3,330,025
1,304,068
78,892.315
2,606,980
502,534,762
S
1,878,086
5,744,743
677,357
1,527
2,200,410
3,738,244
1,506,508
85,999,435
2,891,322
670,117,052
$
2,117,377
6,869,302
764,442
1,684
2,311,894
4,521,951
1,839,338
101,962,714
3,792,692
882,755,595
$
2,545,421
8,396,681
827,840
1,697
2,443,136
3,858,418
1,957,593
111,824,972
3,815,682
732,442,848
8
2,557,896
7.766,915
911,790
Passengers Carried. . .
Passenger Mileage. . . .
Freight (tons) Moved..
Freight (ton) Miles
Earnings — Passenger .
Freight... .
Misc. . .
996,161
60,183,992
1,874,739
414,477,264
S
1,532,846
4,847,201
445,098
Gross Traffic Earnings
Transportation Exp. .
Net Traffic Earnings. .
Int., Betterments, etc.
Surplus Revenue*. . . .
Gross Earn, per Mile. .
Oper. Exp. per Mile. . .
Net Earnings per Mile.
Expenses to Earnings.
Av.Rate p.Pnss.p.Mile
Av.Rate p.Ton p.Mile.
6,825,145
5,153,578
7,588,649
5,414,109
8,006,503
5,648,571
8,300,186
5,848,866
9,751,121
6,581,632
11,7*9,942
8,034,450
11,236,601
7,752,290
1,671,567
1,787,112
2,174,540
1,876,869
2,357,932
2,484,559
2,451,320
2,134,912
3,169,490
2,221,390
3,735,492
2,611,649
3,484,311
1,914,039
def. 115,545
4,553 13
3,438 01
1,115 12
75.51 p. c.
2.55 c.
1.17 «
297,671
5,062 47
3,611 82
1,450 65
71.34 p. c.
2.48 c.
1.04 c.
def. 126,627
5,341 23
3,768 22
1,573 01
70.55 p. c.
2.38 c.
1.13c.
316,408
5,563 13
3,902 15
1,642 98
70.47 p. c.
2.38 c.
1.02c.
948,100
6,385 80
4,310 11
2,075 69
67.50 p. c.
2.46 c.
1.03 c.
1,123,843
7,203 15
4,917 04
2,286 11
68.26 p. c.
2.49 c.
0.95 c.
1,570,272
6,621 45
4,568 23
2,053 22
68.99 p. c.
2.29 c.
l.OSc.
•Not including miscellaneous income.
6. General Anset«. — These consisted of the following : Gordon Coal Mine Property, $141,-
440.27; grain elevators, Westwego, La. ("A," $95,159.07; "B," $385,231.24), $480,390.31; sink-
Ing fund 1st mtge. Eastern Div. bonds, $22,315 ; materials on hand, $615,693.55 ; new equipment,
$2,063,513.11; insurance fund, $121,802.95 — total, $3,445,155.19.
7. Securities In Treasury. — The following were in the treasury of the company on Dec.
31, 1902 : Texas and Pacific 2d mtge. income bonds, $1,762,000 ; Denison and Pacific Suburban Ry.
Co. bonds and stock, $200,000 ; other securities, $62,922.84 — total, $2,024,922.84.
8. Land Grant. — Under the reorganization in 1887 the lands of this company were disposed
of to the Texas Pacific Land Trust, organized by the holders of land bonds, for the purpose of ac-
quiring the lands. In June, 1888, there were issued $10,370,000 of certificates of proprietary in-
terest, in accordance with a declaration of trust, dated Feb. 1, 1888, made by Charles J. Canda.
556
POOR S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Simeon J. Drake and William Strauss, filed with the Central Trust Co. of New York. (See MANUAL
for 1888. page 824.)
During the year 1902 town lots to the number of 354 were sold for $14,052.60, an average of
$39.70 each. Sales of land during the year amounted to 2,929J acres for $8,619.75, an average of
$2.94 per acre. The assets of the Land Department at the close of the year 1901 consisted of a
very large number of town lots, situate in some 58 towns along the line, and 67,444 acres of land
situate in 14 different counties ; also $36,910.24 in bills receivable and $8,200.56 cash on hand.
9. General Balance Sheet, December 31, 1902.
Cost of Road and Equipment $80,550,379 15
Louisiana Branch Lines 4,193,23434
Sulphur Cut-off 137,98373
* Capital Stock N. O. Pac. Ry. Co.... 6,712,900 00
General Assets ( see Sec. 6) 3,445,155 19
Securities in Treasury (see Sec. 7)... 2,024,922 84
Cash 250,23732
Accounts Collectible 1,250,66903
Land Notes Receivable 36,910 24
Capital Stock $38,760,51000
Funded Debt (see Sec. 11) 53,141,911 99
Interest Scrip, Income and Land
Grant Bonds (retirable under the
provisions of Reorganization Agree-
ment with Income and Land Giant
Bondholders) 138,80200
Other Scrip 8,16962
Equipment Obligations 1,691,00974
Current Liabilities 3,258,237 64
Donated Land and Town Lot Sales.. 34,367 24
Income Account Credit Balance 1,569,283 71
Total Assets $98,602,29184 Total Liabilities $98,602,29184
* This is not an available asset in any sense, but is held by the company simply to protect
certain rights and franchises appertaining to its line in the State of Louisiana.
10. Capital Stock. — The authorized capital stock is $50,000,000 in $100 shares, the amount
unissued being available for future needs of the company.
11. Funded Debt.— The funded debt outstanding on Dec. 31, 1902 — total, $53,141,911.99, as
per general balance sheet — consisted of $7,000 old 6 p. c. bonds unredeemed and the following live
issues (additional particulars are in .the Ready Reference Bond List — see General Index) :
$2,941,OOO Eastern Division 1st gold sinking
fund 6s of March I, 1905, secured on the line from
Texarkana and Marshall to Fort Worth. There
is a sinking fund provision in the mortgage for
redemption each year of 2 p. c. of the bonds out-
standing, at par.
$22,063,333.78 1st consol. gold 5s of June 1,
2,000, secured on all the property and assets of
the company, of whatever name or nature, ex-
cept such as are covered by the lien of the new
Louisiana Division Branch Lines Mortgage, but
subject in lien to the Eastern Division 1st mtge.
bonds on the line from Texarkana and Marshall
to Fort Worth. For the retirement of these prior
lien bonds $2,941,000 of the 1st consol. mtge. bonds
are reserved by the trustee.
$24,981,578.21 2d consol. income gold 5s of
Dec. 1, 2000, secured on the same property as the
1st consols, but subject to the lien thereof. In-
terest is payable only to the extent that the
yearly net earnings will permit, and is non-,
cumulative. The first payment of interest, 1J
p. c., was made on March 1, 1900 ; the second, 4
p. c., on March 1, 1901 ; the third, 5 p. c., on
March 1, 1902, and the fourth, 5 p. c., on March
1, 1903. In connection with the last payment,
bondholders were offered the privilege of sub-
scribing at 80 for such an amount of bonds of
the same issue held in the treasury of the com-
pany as would be equal to the amount of interest
due to them. The mortgage provides that in
12. Directors (elected March 18, 1903).— Samuel Sloan, R. M. Gallaway, John T.
Terry, George J. Gould, Thomas T. Eckert, Russell Sage, E. T. Jeffery, C. E. Satterlee,
Howard Gould, John P. Munn, Frank Jay Gould, Winslow S. Pierce, Louis Fitzgerald,
A. L. Hopkins, Edwin Gould, James H. Hyde, New York, N. Y. ; L. S. Thome, Dallas, Tex.
GEORGE J. GOULD, President New York N. Y.
L. S. Thome, Vice-President and General Manager Dallas, Tex.
A. C. Bird, V 'ice-President Chicago, 111.
Frank Jay Gould, V ice-President New York, N. Y.
case of the non-payment of full interest in any
year, the trustee may take possession of the
property and manage it under the direction of
a committee of the bondholdeis. It is also pro-
vided that if, in the opinion of two-thirds of the
directors, it becomes necessary to build or ac-
quire branch lines, the interest on expenditures
for such purposes up to $12,500 per mile shall be
made a rental charge to take precedence of the
interest on the 2d consol. mtge. bonds. Holders
of these bonds have the privilege of exchanging
them for 65 p. c. of their face value in unifying
and refunding mortgage bonds of the St. Louis,
Iron Mountain and Southern Ry. Co.
$3,161 ,OOO Louisiana Division Branch Lines
\st gold of Jan. 1, 1931. These bonds are
authorized to the amount of $7,000,000, for the
construction or acquisition of extensions and
branch lines in the States of Louisiana and
Arkansas, at the rate of $12,500 per mile of con-
structed and equipped road. The bonds out-
standing were issued to reimburse the company
the cost of the lines constructed during 1900-1901,
to replace $312,000 of bonds secured on the Port
Allen Branch, and to pay for the railroads pur-
chased ( see Sec. 2) . These bonds cover the Port
Allen Branch, 80 miles ; the La Fourche Branch,
28.2 miles ; the Avoyelles Branch, 34.2 miles ; the
Texarkana District, 71.24 miles ; and the Natchi-
toches Branch, 50.84 miles — a total of 264.48 miles.
Sec. & Treas. — C. E. Satterlee. .New Tork, N. Y.
Asst. Sec. & Asst. Treas. — L. S. Smith,
Auditor — Richard Fenby Dallas, Tex.
Oen. Counsel — John F. Dillon... New York, N. Y.
Dallas, Tex.
GENERAL OFFICE Dallas, Tex.
New York Office. . 195 Broadway.
POOR'S MANUAL OF RAILROADS. 557
TEXAS AND PACIFIC SYSTEM — Railroad Owned or Controlled by the Texas
and Pacific Ry.
DENISON AND PACIFIC SUBURBAN RY. -Sherman to Denison, Tex., 7.63
m. ; total track, 8.98 miles. Gauge, 4 ft. 8% in. Rail (steel), 63 Ibs. Chartered June
5, 1895; road opened in Feb., 1896. For statement showing the relation between this
company and the Texas end Pacific Ry. Co., see MANUAL for 1896, page 912. Earnings,
year ending June 30, 1902, $13,654. Operating expenses and taxes, $34,294. Deficit,
$20,640; deficit forward, $54,449 — total, $75,089. Capital stock, $100,000. Funded
debt, $100,000. Stock and bonds are all owned by the Texas and Pacific Ry. Co. L. S.
THOBNE, ?Pres. & Gen. Hgr., Dallas, Tex.; W. dimming, Vice-Pres., Denison, Tex.; L. S.
Smith, Treas.; R. Fenby, Sec., Dallas, Tex.
ANGELINA AND NECHES RIVER RR.— Keltys to Manton, Tex., 10 m. ; total track
(steel; 35 Ibs.), 10.75 miles. Gauge, 3 ft. Chartered Aug. 6, 1900, and acquired a logging road,
which has been transformed into a common carrier. Connection is made with the St. Louis South-
western Ry. at Keltys, and with the Texas and New Orleans Ry. at Manton. Locomotives, 4. Cars
(logging), 25.
Operations, year ending June 30, 1902. — Gross earnings, $11,432. Operating expenses, $18,-
720. Deficit from operations, $7,288.
General Balance Sheet, June 30, 1902. — Capital stock ($75,000 auth. ; $100 shares), $55,-
000 ; current liabilities, $1,796 — total, $56,796. Contra : Cost of road and equipment, $51,500 ;
profit and loss, $5,296 — total, $56,796.
Directors. — J- H. Kurth, S. W. Henderson, B. T. Clark, Eli Wiener, Keltys, Tex. ; E. J. Man-
tooth, W. M. Glen, Lufkin, Tex. ; Sam Wiener, Jr., Shreveport, La. OFFICERS : J. H. KURTH,
Pres. ; S. W. Henderson, Vice-Pres.; Eli Wiener, Sec. & Treas., Keltys, Tex. GENERAL OFFICE,
Keltys, Tex.
ARANSAS HARBOR TERMINAL RY.— Projected : Aransas Pass, Tex., to Mustang Is-
land, 10 miles. Completed up to July 1, 1902 : Aransas Pass, Tex., to Corpus Christ! Channel, 3.2
miles. Gauge, 4 ft. 81 in. Rail (steel), 65 Ibs. Chartered July 13, 1892. A drawbridge is to be
built across the Corpus Christl Channel, and the road continued to deep water on Harbor and Mus-
tang Islands. The company has 200 acres of land on Harbor and Mustang Islands, and 85 acres
in the city of Aransas Pass, Tex., for terminal facilities, besides having other valuable franchises.
Financial Statement, Jan. 1, 1903. — Capital stock paid in, $10,000. Funded debt, $24,000
($250,000 auth.) 1st gold 6s of March 23, 1921. Cost of road, etc., to date, $82,000. Estimated
cost of completed road, $250,000.
Directors. — Alex. Brown, W. B. Brooks, Baltimore, Md. ; T. D. Cobb, T. B. Wheeler, Floyd M.
Gown, Thos. H. Franklin, San Antonio, Tex. OFFICERS : W. B. BROOKS, Pres., Baltimore, Md. ; T.
B. Wheeler, Sec., Aransas Pass, Tex. GENERAL OFFICE, Aransas Pass, Tex.
ARKANSAS SOUTHERN RR. — Projected: El Dorado, Ark., to Sabine Pass, Tex., 289
miles. Completed up to June 30, 1902 : El Dorado, Ark., to Winnfield, La., 101 miles. Gauge, 4
ft. 81 in. Chartered March 10, 1899. An extension from Wlnnfleld to Alexandria, La., 50 miles,
is under construction. Locomotives, 11. Cars — passenger, 5; baggage, etc., 1; freight (box, 61;
flat, 24), 85; other, 6 — 'total, 97. Part of the freight equipment is held under car trust.
Operations, year ending June 30, 1902. — Earnings (passenger, $86,038; freight, $245,624:
other, $2,322), $333,984. Operating expenses, $201,581. Net earnings, $132,403; other receipts,
$3,966 — total, $136,369. Total deductions (including dividends, $35,000), $111,074. Surplus,
$25,295.
General Balance Sheet, June 30, 1900 (latest rendered). — Capital stock paid in ($3,160,000
auth.; $100 shares), $700,000; funded debt (1st 5s of July 1, 1929), $700,000; current liabilities,
$179,003 ; profit and loss, $64,304 — total, $1,643,307. Contra : Cost of road and equipment,
$1,268,063 ; other investments, $300,785 ; materials, etc., $2,527 ; bills receivable, $1,254 ; cash and
current assets, $23,351 ; other assets, $47,327 — total, $1,643,307.
Directors. — Hugh C. Brown, Ruston, La.; W. E. Hemingway, Little Rock, Ark.; W. H.
Crouch, George W. Hunter, John Jay Nelson, St. Louis, Mo. OFFICERS : GEORGE W. HUNTER, Pres.
& Treas., St. Louis, Mo. ; Hugh C. Brown, Vice-Pres., Ruston, La. ; W. H. Crouch, Sec., St. Louis,
Mo. ; A. R. Porter, Aud., Ruston, La. GENERAL OFFICE, Ruston, La.
ARKANSAS SOUTHWESTERN RY. — Smithton to Pike City, Ark., 32.76 m. ; Gurdon
June, to Gurdon, Ark., 2.28 m. ; branches : Daleville to Washita, Ark., 28 m. ; Mill Creek June, to
Silver City, Ark., 6 m. ; Chidester to Kirby, Ark. (narrow gauge), 8 m. — total, 77.04 miles. Rail
(steel), 35 to 60 Ibs. Gauge, 4 ft. 81 in. Chartered April 8, 1900, as successor after foreclosure
sale, March 13, 1900, to the Southwestern Arkansas and Indian Territory RR. Co. (see MANUAL
for 1900, page 545). The line from Daleville to Washita, formerly known as Ultima Thule, Arka-
delphia and Mississippi Ry. (see MANUAL for 1901, page 550), was acquired by this company in
1901. The line, Gurdon to Gurdon June., was opened In 1901, and the branches, Mill Creek June, to
Silver City, and Chidester to Kirby, during the year 1902. Locomotives, 8. Cars — combination,
3 ; flat and log, 129 — total, 132. Gross earnings, year ending June 30, 1902, $99,311 ; operating
expenses, $94,376; net earnings, $4,935. Capital stock auth. ($12,000 per mile), $396,000. This
stock represents the line from Smithton to Pike City ; there was no stock issued on the Ultima
Thule, Arkadelphia and Mississippi RR.
Directors. — W. Grayson, N. W. McLeod, W. E. Grayson, St. Louis, Mo. ; C. G. Carpenter,
Arkadelphia, Ark. ; Thos. Gage, J. H. Sellers, J. N. Stuart, Gurdon, Ark. OFFICERS : W. GRAYSON,
Pres.; N. W. McLeod, Vice-Pres. & Aud.; W. E. Grayson, Treas.; Geo. H. Grayson, Sec., St. Louis,
Mo. ; J. J. Kress, Gen. Mgr., Gurdon, Ark. GENERAL OFFICE, St. Louis, Mo.
ARKANSAS WESTERN RR. — Heavener, Ind. T., to Waldron, Ark., 33 m. ; total track
steel; 56 Ibs), 38 miles. Gauge, 4 ft. 81 in. Chartered Dec. 7, 1899; opened from Heavener,
Ind. T., to Cauthron, Ark., Nov. 18, 1901 ; as above, Jan. 1, 1902. Locomotive, 1. Cars — passen-
ger, 1 ; baggage, etc., 1 ; freight (box, 1 ; flat, 1 ; coal, 1), 3 — total, 5.
558 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Financial Statement, July 1, 1902. — Capital stock ($100 shares), $750,000; current indebt-
edness, $116,000 — total, $866,000. Cost of equipment, $20,000 ; materials, etc., $7,500 ; cash and
current assets, $7,600 — total, $35,100. Construction account not yet adjusted.
Directors. — F. E. Wear, F. C. Downey, A. B. Kirkwood, Kansas City, Mo. ; T. G. Bates, John
T. Forrester, G. Cox, H. J. Hall, D. A. Edwards, T. M. Duncan, Waldron, Ark. OFFICERS : F. E.
WEAR, Pres. ; F. C. Downey, Sec.; F. C. Gay, Traffic Mqr., Kansas City, Mo.; T. G. Bates, Trcas.;
F. D. Hunt, Supt., Waldron, Ark. GENERAL OFFICE, Waldron, Ark.
ATCHISON AND EASTERN BRIDGE CO. (THE).— A reorganization in 1898 of the
Chicago and Atichison Bridge Co. (See MANUAL for 1898, page 214.) This company owns and
operates a railway and highway toll bridge, 0.35 mile in length, across the Missouri River at Atchi-
son, Kan., used by the Hannibal and St. Joseph, Kansas City, St. Joseph, and Council Bluffs, Mis-
souri Pacific, Chicago, Rock Island and Pacific, and Atchison, Topeka and Santa Fe Rys. Gauge,
4 ft. 9 in. Rail (steel), 70 Ibs.
Operations, year ending Dec. 31, 1902. — Gross earnings, $96,656. Operating expanses and
taxes, $21,654. Net earnings, $75,002. Deductions : Interest on bonds, $24,500 ; sinking fund,
$5,500 ; renewal of superstructure and other charges, $6,676 — total, $36,676. Surplus, $38,326.
General Balance Sheet, Dec. 30, 1902. — Capital stock ($100 shares), $7^)0,000; funded
debt (1st gold 4s of July 1, 1928; $665,000 auth.), $590,000; bills and accounts payable, $5,572;
accrued interest, $11,960 ; profit and loss, $62,698 — total, $1,370,230. Contra : Cost of bridge,
franchises, etc., $1,332,000; cash and accounts, $38,230 — total, $1,370,230.
Directors. — Not reported. OFFICERS : HOWARD P. BELLS, Pres. & Treas. ; James H. Hoyt,
Vice-Pres. ; Wm. P. Kelly, Bee., Cleveland, O. ; N. D. Todd, Supt., Atchison, Kan. GENERAL OFFICE,
Atchison, Kan.
CANE BELT KB. — Projected : Sealy, Tex., to tidewater on the Gulf of Mexico, about 100
miles. Completed up to June 30, 1902 : Sealy to Bay City, Tex., 68.2 m. ; Lakeside to Calhoun,
Tex., 4.3 m. ; Lane City to Garwood, Tex., 3.2 m. — total, 75.7 m. — total track (steel ; 40 Ibs.), 81.56
miles. Gauge, 4 ft. 8J in. Chartered March 8, 1898 ; road opened from Eagle Lake to Bonus, Jan.
1, 1899 ; main line opened as above on Jan. 1, 1900 ; branches built in 1901. An extension from
Bay City to Matagordo, Tex., 21 miles, was put in operation in Feb., 1903. Locomotives, 7. Cars —
passenger, 8; freight (box, 11; flat, 120), 131 — total, 139.
Operations, year ending June 30, 1902. — Tons freight moved, 102,952. Earnings (passenger,
$36,051; freight, $135,025; other, $7,715), $178,791. Operating expenses, $123,022. Net earn-
ings, $55,769. Payments : Interest on bonds, $39,650 ; taxes, $844 — total, $40,494. Surplus, $15,-
275 ; surplus forward, $47,028 ; additions during year, $28,984 — total, $91,287.
General Balance Sheet, June 30, 1902. — Capital stock ($100,000 auth.; $100 shares), $19,-
250 ; funded debt (1st gold 5s of June 30, 1921), $750,000; current liabilities, $48,366; profit and
loss, $91,287 — total, $908,903. Contra : Cost of road and equipment, $866,931 ; cash and current
assets. $41,972 — total, $908,903.
Directors. — Jonathan Lane, Houston, Tex. ; W. T. Eldridge, I. P. Fell, Chas. Boedeker, Eagle
Lake, Tex. ; J. H. Aug. Meyer, Geo. F. Durant, E. H. CofDn, A. A. B. Woerheide, Wm. Duncan, St.
Louis, Mo. OFFICERS : JONATHAN LANE, Pres., Houston, Tex. ; W. T. Eldridge, Vice-Pres. & Gen.
Mgr. ; I. P. Fell, Sec. & Treas., Eagle Lake, Tex. GENERAL OFFICE, Eagle Lake, Tex.
CHESTER, PERRYVILLE AND STE. GENEVIEVE RY.— Perryville to West Ches-
ter, Mo.; total track (steel; 56 Ibs.), 20 miles. Gauge, 4 ft. 8J in. Chartered March 31, 1899.
Capital stock, $300,000. Locomotives, 3. Cars — passenger, 2; baggage, etc., 1; freight (box, 4;
flat, 4; coal, 3), 11 — total, 14. No further information furnished.
Directors. — John Tlapek, St. Mary's, Mo. ; L. B. Houck, Louis Houck, Giboney Houck,
Cape Girardeau, Mo. ; T. L. Phillips, J. C. Houck, Perryville, Mo. OFFICERS : Louis HOUCK,
Pres., Cape Girardeau, Mo. ; John Tlapek, Vice-Pres., St. Mary's, Mo. ; J. C. Houck, Sec. & Supt. ;
Thos. L. Phillips, Treas., Cape Girardeau, Mo. GENERAL OFFICE, Perryville, Mo.
COLORADO AND NORTHWESTERN RY. — Boulder to Ward, Col., 26.72 m. ; branches
and spurs, 2.57 m. ; trackage, Col. & So. Ry., Boulder to Penn June., Col., 3.87 m. — total operated,
33.16 miles. A line is projected from Sunset to Eldora via Gold Hill, a distance of 19 miles.
Gauge, 3 ft. Rail (steel), 56 Ibs. Chartered July 22, 1897, and purchased the rights, privileges, and
franchises of the Intermountain Ry. Co. Road opened as above about June 6, 1898. Locomotives,
5. Cars — passenger, 14 ; baggage, etc., 1 ; freight (box, 29 ; flat, 10 ; coal and ore, 60), 99 ; caboose,
2 — total, 116.
Operations, year ending June 30, 1902. — Earnings (passenger, $32,496; freight, $28,283;
other, $1,604), $62,383. Operating expenses, $62,319. Net earnings, $64. Total deductions, $39,-
602. Deficit for year, $39,538.
General Balance Sheet, June 30, 1900 (latest rendered). — Capital stock ($100 shares),
$500,000; funded debt (see GENERAL INDEX), $600,000; current liabilities, $149,816; interest ac-
crued, $32,822 — total, $1,282,638. Contra: Cost of road and equipment, $1,201,568; materials,
etc., $13,286 ; cash and current assets, $7,398 ; profit and loss, $60,386 — total, $1,282,638.
Directors. — Wm. C. Culbertson, Frank May, Girard, Pa. ; Thos. R. Mann, Chas. B. Culbert-
son, Boulder, Col. ; Samuel B. Dick, Meadville, Pa. OFFICERS : WM. C. CULBERTSON, Pres., Girard,
Pa. ; S. B. Dick, Vice-Pres., Meadville, Pa. ; Chas. B. Culbertson, Treas., Boulder, Col. ; Frank
May, Sec., Girard, Pa. ; S. Robinson, Aud., Boulder, Col. GENERAL OFFICE, Boulder, Col.
COLORADO EASTERN RR. — Denver to Scranton, Col., 16.6 m. ; total track (steel; 21
Ibs.), 16.9 miles. Gauge, 3 ft. Reorganization, May 21, 1894, of the Colorado Eastern Ry. Co.,
whose property was sold under foreclosure on the same date. (See MANUAL for 1892, page 178.) In
addition to its railroad, the company's property consists of 3,360 acres of coal lands held in fee
simple, 640 acres leased from the State of Colorado, besides valuable terminals, franchises, etc., in
the city of Denver. Locomotive, 1. Cars — passenger, 1; freight (flat, 1; coal, 9), 10 — total, 11.
General Balance Sheet, Dec. 31, 1900 (latest rendered). — Capital stock ($100 shares),
$1,000,000; bills payable, $105,497 — total, $1,105,497. Contra: Cost of road and equipment,
$99,967 ; real estate and buildings, $883,846 ; mine equipment and mine improvement, $30,677 ;
other property and assets, $656 ; cash and current assets, $1,301 ; profit and loss, $89,050 — total,
$1,105,497.
Directors. — H. T. Rogers, L. M. Cuthbert, Theodore Holland, A. E. Reynolds, Robert McDowell,
Denver, Col. ; Bernard J. Burke, W. F. Havemeyer, New York, N. Y. OFFICERS : H. T. ROGERS,
Pres.; Robert McDowell, Sec., Denver, Col.; C. L. Horton, Treas., New York, N. Y. GENERAL
OFFICE, Denver, Col. Colliery, Scraaton, Col. New York Office, 15 Wall St.
POOR'S MANUAL OF HAILKOAUS. 559
COLORADO SPRINGS AND CRIPPLE CREEK DISTRICT RY.— Colorado Springs
to Cripple Creek, Col., 45.82 m. ; Cameron to Victor, Col., 5.13 m. ; low line from Cripple Creek to
Victor, Col. (both electric and steam), 4.5 m. ; high line from Cripple Creek to Victor (electric),
6.39 m. ; other branches and spurs in Cripple Creek District, 4.32 m. ; Colorado City Branches, 2.86
m. ; branch connection with Atchison System, 1.05 m. — total, 70.07 m. ; total track (steel; 60 to
75 Ibs.), 84.76 miles. Gauge, 4 ft. 8J in. Chartered April 13, 1897, as Cripple Creek District Ry. ;
charter amended Nov. 17, 1897, and present name adopted. The electric line from Cripple Creek
to Victor, via Midway, was opened Jan. 1, 1898 ; line via Anaconda, Sept. 9, 1900 ; the other lines in
1901 (see MANUAL for 1901, page 538). The road is owned by and operated in the interest of mine
owners of the Cripple Creek District. A statement relating to the electric lines will be found else-
where in the MANUAL. (See GENERAL INDEX — Street Railways.) Locomotives, 12. Cars — passen-
ger, 12; combination, 4; baggage and express, 2; freight (box, 225; flat, 25; coal, 50), 300;
caboose, 3 — 321. The electric equipment consists of 2 power stations, 8 motor cars and 3 trail cars.
Operations, 6 months ending Dec. 31, 1902. — Earnings (passenger, $170,595; freight, $279,-
056; other, $6,291), $455,942. Operating expenses, $210,242. Net earnings, $245,700; other re-
ceipts, $695 — total, $246,395. Payments : Interest on bonds, $74,865 ; on floating debt, $17,036 ;
taxes, $3,972 ; other charges, $896 — total, $96,769. Surplus, $149,626 ; less sinking fund, $22,797 —
net surplus, $126,829.
Financial Statement, Dec. 31, 1902. — Capital stock (common, $1,200,000; 5 p. c. non-cumu-
lative preferred, $800,000; shares, $100), $2,000,000. Funded debt: $1,928,000 1st gold 5s of
Jan. 1, 1930 ; $257,000 2d gold 5s of April 1, 1921, and $971,000 1st consol. gold 5s of Oct. 1,
1942— total, $3,156,000. There is a sinking fund of 5 p. c. of yearly gross earnings, under which
1st mtge. bonds may be retired at 110 p. c. until 1915, at 107 p. c. in the years 1916-1920, at 105
p. c. in 1921-1925, at 102J p. c. in 1926-1928, and at par thereafter. The authorized amount of
consols is $3,600,000. They were issued under a refunding plan providing, among other things, for
the retirement of the 1st and 2d mtge. bonds.
Directors (elected Sept. 9, 1902). — Irving Howbert, Wm. Lennox, F. M. Woods, B. A. Col-
burn, James F. Burns, F. G. Peck, C. M. MacNeill, H. G. Lunt, John G. Shields, Colorado Springs,
Col. OFFICERS: IRVING HOWBERT, Pres.; Wm. Lennox, Vice-Pres.; F. M. Woods, Treas.; E. F.
Draper, Sec. & Asst. Treas.; L. F. Linney, Aud.; F. C. Smith, Gen. Supt., Colorado Springs, Col.
GENERAL OFFICE, Colorado Springs, Col.
CRYSTAL RY. — Crystal City to Silica, Mo., 3.50 m. — total track (3.50 m., steel; 60 Ibs.),
4.75 miles. Gauge, 4 ft. 8J in. Chartered Nov. 27, 1880, as successor to Crystal City RR. Co. :
road opened same day. Owned by the Crystal Plate Glass Co. Locomotive, 1. Car (passenger), 1.
Operations, year ending June 30, 1902. — Passengers carried, 5,028 ; carried one mile, 15,084.
Tons freight moved, 69,057; ton-miles, 241,698. Earnings (passenger, $801; freight, $10,414;
other, $385), $11,600. Operating expenses, $8,371. Net earnings, $3,229. Paid taxes, $372. Sur-
plus, $2,857 ; surplus forward, $14,926 — total, $17,783.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $30,000; profit and
loss, $17,783 — total, representing cost of road, etc., $47,783.
Directors. — Carlos S. .Greeley, C. B. Burnham, E. T. Allen, Henry Hitchcock, E. A. Hitch-
cock, St. Louis, Mo. OFFICERS: E. A. HITCHCOCK, Pres.; C. B. Burnham, Vice-Pres. ; E. T. Allen,
Sec. & Treas., St. Louis, Mo. ; Louis Phillippi, Aud., Crystal City, Mo. GENERAL OFFICE, St. Louis,
Mo.
DARDANELLE AND RUSSELL VILLE RY. — Russellville to N. Dardanelle, Ark., 5
m. ; track to coal mines, 2 m. — total, 7 miles. Gauge, 4 ft. 8J in. Rail (steel), 45 Ibs. Chartered
Feb., 1883; road opened Sept., 1883. Locomotives, 2. Cars (combination), 2. For freight the
company uses cars furnished by the Missouri Pacific, as all the business of the road is turned over to
the Missouri Pacific at Russellville.
Operations, year ending June 30, 1902. — Passengers carried, 9,754 ; carried one mile, 47,590.
Tons freight moved, 30,134; ton-miles, 99,810. Earnings (passenger, $2,791; freight, $29,811;
other, $2,034), $34,636. Operating expenses, $19,214. Net earnings, $15,422. Payments: Interest
on bonds, $5,100; taxes, $453; dividends (3 p. c.), $6,000; other charges, $89 — total, $11,642.
Surplus, $3,780 ; surplus forward, $7,303 — total, $11,083. Deductions during the year, $4,141 ;
net surplus, $6,942.
General Balance Sheet, June • 30, 1902.— Capital stock ($100 shares), $200,000; funded
debt (1st 6s of Jan. 15, 1920; $100,000 auth.), $85,000; profit and loss, $6,942— total, $291,942.
Contra : Cost of road, equipment and lands, $285,000 ; cash on hand, $6,942 — total, $291,942.
Directors. — Z. J. Pierce, James K. Perry, J. K. Barry, W. B. Lemoyne, Dardanelle, Ark. ;
James E. Skillern\ Geo. B. Rose, Little Rock, Ark. ; E. O. McNair, Buffalo, N. Y. ; W. M. Tenney,
Boston, Mass. ; H. C. Mandeville, Elmira, N. Y. OFFICERS : J. E. SKILLERN, Pres., Little Rock, Ark. ;
W. M. Tenney, Vice-Pres. & Treas., Boston, Mass. ; E. O. McNair, Treas., Buffalo, N. Y. ; W. B. Le-
moyne, Supt., Dardanelle, Ark. GENERAL OFFICE, Dardanelle, Ark.
DENVER, LAKEWOOD AND GOLDEN RR. — Denver to Golden, Col., 13.1 m. ; Barnum
June, to Barnum, 3 m. ; Ralston June, to Ralston, 8 m. — total, 24.1 m. ; total track, 26.1 miles.
Gauge, 4 ft. 81 in. Rail (steel), 30 to 75 Ibs. Chartered June, 1890; road completed as above.
1894. The line from Barnum June, to Barnum, 3 miles, and 1 mile of other trackage, are operated
exclusively by electricity, and 1 mile of the steam portion is also operated by electricty, making 4
miles of electric trackage, the operations of which are not given below. Receiver appointed July 31,
1896, on the application of the mortgage trustee. Locomotives, 3. Cars — passenger, 5 ; freight
(box, 7; coal, 30), 37 — total, 42.
Operations, year ending June 30, 1902. — Trains run (passenger, 37,500; freight, 8,450),
45,950 miles. Passengers carried, 113,419 ; carried one mile, 1,134,190. Tons freight moved, 68,-
822; ton-miles, £81,335. Earnings (passenger, $25,940; freight, $29,991; other, $640), $56,571.
Operating expenses, $58,200. Deficit from operations, $1,629.
Receiver's Balance Sheet, June 30, 1902.— Current liabilities, $6,273 ; profit and loss, $15,-
421 — total, $21,694. Contra: Materials, etc., $4,022; cash and current assets, $13,168; other as-
sets, $4,504 — total, $21,694.
Financial Statement. — Capital stock ($100 shares), $1,000,000, divided pro rata among
bondholders; funded debt (1st 6s of 1910), $627,000 — total, $1,627,000. Cost of road and equip-
ment, $774,819 ; real estate, $2,500 ; materials, etc., $1,262 ; cash, $12,965 — total, $791.546.
Directors.— C. C. Welch, Geo C. Moore, Caldwell Yeaman, Frank W. Loveland, W. F. R. Mills,
Denver, Col. ; Samuel Newhouse, Salt Lake City, Utah ; George W. Middleton, Phrenix, Ariz. ; John
Z. Adams, New York, N. Y. OFFICERS : W. W. BORST, Receiver, Denver, Col. ; SAMUEL NEWHOUSE,
560 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Pres. & Sec., Salt Lake City, Utah ; C. C. Welch, Vice-Pres.; F. W. Loveland, Trees.; B. M. Smith,
And., Denver, Col. GENERAL OFFICE, Denver, Col.
EASTERN TEXAS RR.— Completed to Jan. 1, 1903 : Lufkin to Kennard Mills, Tex., 28.28
m. ; total track (steel; 35 IDS.), 30.02 miles. Projected from Lufkin to Crockett. Gauge, 4 ft. 81
in. Locomotives, 3. Cars — passenger, 1 ; baggage, etc., 1 ; freight, 5 ; logging, 60 — total, 67.
Operations* year ending June 30, 1902. — Trains run (mixed), 4,212 miles. Passengers car-
ried, 3,673 ; carried one mile, 88,253. Tons freight moved, 2,880 ; ton-miles, 76,330. Earnings
(passenger, $2,610; freight, $5,036), $7,646; other receipts, $2,745 — total, $10,391. Operating
expenses, $7,707. Net income, $2,684.
General Balance Sheet, June 30, 1902. — Capital stock ($1,000,000 auth ; $100 shares),
$600,000; current liabilities, $262,757; profit and loss, $2,684 — total, $865,441. Contra: Cost of
road and equipment, $364,678 ; cash and current assets, $500,763 — total, $865,441.
Directors. — W. C. Perry, John A. Sargent, Kansas City, Mo. ; R. D. Collins, E. H. Payne, R. W.
Miller, E. J. Mantooth, Wm. Glenn, Lufkin, Tex. OFFICERS : JNO. A. SARGENT, Pres., Kansas City,
Mo.; R. W. Miller, Vice-Pres.; E. H. Payne, Treas.; E. J. Mantooth, Sec., Lufkin, Tex. GENERAL
OFFICE, Lufkin, Tex.
EL PASO AND SOUTHWESTERN RR.— Deming, N. M., to Benson, Ariz., 229.6 m. ; Bls-
bee to Don Luis, Ariz., 3.8 m. ; Naco to Naco Junction, Ariz., 4.2 m. — total, 237.6 m. ; total track
(steel; 65 and 70 Ibs.), 252.6 miles. Gauge, 4 ft. 8J in. Incorporated in July, 1901, to take over
the Arizona and Southeastern RR. (see MANUAL for 1901, page 649), the Southwestern RR. of Ari-
zona, the Southwestern RR. of New Mexico and the El Paso Terminal RR., properties owned or con-
trolled by Phelps, Dodge & Co., of New York, N. Y. An affiliated company is constructing the Naco-
zari RR., from Douglas, Ariz., to Nacozari, Mex. Capital stock, $7,000,000. Locomotives, 23.
Cars — passenger, 14; baggage, etc., 4; freight (box, 105; flat, 88; oil, 23; ore, 10), 226 —
total, 244.
Directors. — Not reported. OFFICERS : JAMES DOUGLAS, Pres. ; A. C. James, 1st Vice-Pres. ;
J. VanVleck, Treas.; George Notman, Sec.; W. F. Crane, Gen. And., New York, N. Y. ; Walter
Douglas, Gen. Mgr., Bisbee, Ariz. ; H. J. Simmons, Gen. Supt., El Paso, Tex. GENERAL OFFICE, 99
John Street, New York, N. Y.
FORT SMITH AND WESTERN RR. — Completed Jan. 1, 1903 : Coal Creek to Garner,
Ind. T., 76 m. ; branches, 1.71 m. — total owned, 77.71 m. ; trackage, Kansas City Southern Ry. ; Fort
Smith, Ark., to Coal Creek, Ind. T., 19.30 m. — total operated, 97.01 miles. Sidings (owned), 1.73
miles. Rail (steel), 70 Ibs. Gauge, 4 ft. 81 in. Chartered Jan. 25, 1899. Road opened from Coal
Creek to McCurtain, 20 m., Nov. 1, 1901 ; to Crowder City, 43 m., Aug. 18, 1902, and as above Oct.
1, 1902. Locomotives, 6. Cars — passenger, 4; freight (box, 60; flat, 15; coal, 300), 375 —
total, 379.
Operations, 8 months ending June 30, 1902 (41 miles). — Trains run (mixed, 14,340; other,
200), 14,540 miles. Passengers carried, 5.044; carried one mile, 146,953. Tons freight moved,
15,169; ton-miles, 434,219. Earnings (passenger, $4,337; freight, $13,122; other, $3,104),
$20,563. Operating expenses, $18,786. Net earnings, $1,777 ; other receipts, $782 — total, $2,559.
Payments: Interest on bonds, $28,125; taxes, $309 — total, $28,434. Deficit, $25,875.
General Balance Sheet, June 30, 1902. — Capital stock ($50,000 auth.; $100 shares), none
issued; funded debt (1st 5s of Oct. 1, 1921, $5,000,000 auth.), $750,000 ; current liabilities, $7,700 ;
interest accrued, $9,375 — total, $767,075. Contra : Cost of road and equipment, $723,423 ; ma-
terials, etc., $461 ; cash and current assets, $17,316 ; profit and loss, $25,875 — total, $767,075.
Directors. — A. C. Dustin, W. H. Canniff, J. H. Hoyt, W. G. Mather, Cleveland, O. ; H. C. Frick,
Pittsburgh, Pa. ; J. J. Mahoney, H. B. Herendeen, Geo. T. Sparks, Fort Smith, Ark. ; one vacancy.
OFFICERS : A. C. DUSTIN, Pres. & Treas. ; J. H. Hoyt, Vice-Pres. ; H. S. Hazelton, Sec., Cleveland,
O. ; H. B. Herendeen, Aud., Fort Smith, Ark. GENERAL OFFICE, Fort Smith, Ark.
GULP AND INTERSTATE RY. OF TEXAS.— Projected : Galveston to Red River,
Tex., 380 m. ; branch, Winnie to Beaumont, Tex., 25 m. — total, 405 miles. Completed up to June
30, 1902 : Port Bolivar to Beaumont, Tex., 70.35 miles. Sidings, 6 miles. Gauge, 4 ft. 81 in.
Rail (steel), 54 Ibs. Originally chartered May 19, 1894, as the Gulf and Interstate Ry. Co. ; charter
amended Sept., 1894, and present name adopted. Road completed as above on March 15, 1896. The
property was placed in the hands of a receiver on Sept. 21, 190'0, and was subsequently sold, but no
reorganization will be effected until the receivership is ended. The road is being rebuilt, and is ex-
pected to be in operation between Beaumont and Galveston by Sept. 1, 1903. Locomotives, 3. Cars
— passenger, 1; baggage, etc., 1; freight (box, 1; flat, 25), 26 — total, 28.
Operations, year ending June 30, 1902 (42 miles). — Trains run (mixed), 14,918 miles. Pas-
sengers carried, 2,237 ; carried one mile, 67,154. Tons freight moved, 8,026 ; carried one mile,
178,457. Earnings (passenger, $3,269 ; freight, $12,491), $15,760. Operating expenses, $18,102.
Loss from operations, $2,342. Total deductions, $9,924. Deficit for year, $12,266.
General Balance Sheet, June 30, 1900 (latest rendered). — Capital stock ($100 shares),
$71,000 ; funded debt (1st gold 5s of Dec. 26, 1925), $829,000; current liabilities, $486,731 — total,
$1,386,731. Contra : Cost of road and equipment, $551,585 ; bonds in escrow, $642,000 ; lands,
$11,450 ; materials, etc., $2,056 ; current accounts and balances, $16,329 ; profit and loss, $163,-
311 — total, $1,386,731.
Owners. — Fox Winnie, Newton, Kan. ; L. P. Featherstone, Beaumont, Tex. John W. Camp-
bell, Receiver, Galveston, Tex. GENERAL OFFICE, Galveston, Tex.
HANNIBAL UNION DEPOT CO. — Owns terminals at Hannibal, Mo., 0.90 mile. Gauge,
4 ft. 81 in. Chartered June 13, 1881 ; depot opened May 14, 1882. The station is used jointly by
the C., B. & Q., the St. L., K. & N. W., the H. & St. J., the Wabash, and the M., K. & T. RRs., and a-11
deficits, interest on bonds, and retirements are provided for by those companies.
Operations, year ending June 30, 1902. — Gross receipts (rentals, $24,148 T miscellaneous,
$1,153), $25,301. Operating expenses, $16,638. Net earnings, $8,663. Payments: Interest on
bonds, $2,100 ; taxes, $663 ; bonds retired, $6,000 — total, $8,763. Deficit, $100 ; surplus forward,
$6,602. Net surplus, $6,502.
General Balance Sheet, June 30, 1902. — Capital stock ($100,000 auth.; $100 shares),
$40,000; funded debt (1st 6s of July 1, 1906), $35,000; current liabilities, $1,108; interest ac-
crued, $1,050 ; other liabilities, $129 ; profit and loss, $6,502 — total, $83,789. Contra : Cost of
property, $75,000 ; bills receivable, $1,739 ; other assets, $7,050 — total, $83,789.
Directors. — Henry Miller, C. M. Levey, H. L. Magee, E. M. Collins, St. Louis, Mo. ; C. A. How,
Hannibal, Mo. ; C. M. Carter, St. Joseph, Mo. OFFICERS : HENRY MILLER, Pres., St. Louis, Mo. ;
POOR'S MANUAL OF RAILROADS. 561
C. M. Carter, Sec. & Trees., St. Joseph, Mo. ; Charles N. Lee, Supt., Hannibal, Mo. GBNEBAL OFFICE,
Hannibal, Mo.
HEARNE AND BRAZOS VALLEY RB. — Junction I. & G. N. RR. near Hearne to
Stone City, Tex., 16.42 m. ; total track (steel; 40 Ibs.), 17.34 miles. Trackage: I. de Q. N. RR.,
I. £ G. N. June, to Hearne, Tex., 2.40 miles. Gauge, 4 ft. 8J in. Rail (steel), 40 Ibs. Chartered
May 18, 1891; road built in 1892. Capital stock ($100,000 auth.), $52,870. Locomotive, 1.
Cars — passenger, 2 ; caboose, 1 — total, 3.
Operations, year ending June 30, 1902. — Trains run (mixed), 27,272 miles. Tons freight
moved, 8,493. Earnings (passenger, $4,538; freight, $14,833), $19,371. Operating expenses,
$17,789. Surplus, $1,582. Total deductions, $1,029. Surplus for year, $553.
Directors. — Not reported. OFFICERS: THOS. H. HUBBARD, Pres., New York, N. Y. ; P. A.
Gorman, Vice-Pres. & Gen. Mgr.; W. P. Ferguson, Sec. & Treas.; H. H. Perry, And., Hearne,
Tex. GENERAL OFFICE, Hearne, Tex.
IOWA AND ST. LOUIS BY. — Completed to March 1, 1903 : Mystic, Iowa, to Macon, Mo.,
83 miles. Projected from St. Louis, Mo., to Sioux City, Iowa, passing through the coal fields of
Northern Missouri and Southern Iowa. Chartered in May, 1901. Capital stock authorized ($100
shares), $2,000,000 ; none paid in to Sept. 1, 1902. Funded debt authorized (none issued to March
1, 1903), $2,000,000 1st mtge. 5 p. c. 40-year gold bonds, to mature May 1, 1942. Trustee: Illinois
Trust and Savings Bank, Chicago, 111.
Directors. — John Lambert, J. W. Gates, J. S. Keefe, H. H. Kendrick, Chicago, 111. ; Wm. Hop-
kins, St. Louis, Mo. ; E. B. Sweeney, H. F. Reddig, Kansas City, Mo. OFFICERS : JOHN LAMBERT,
Pros., Chicago, 111.; H. F. Reddig, Vice-Pres. & Gen. Mgr., Connelsville, Mo.; J. H. Lacy, Sec. ;
W. M. Holmes, Treas., Chicago, 111. GENERAL OFFICE, Connelsville, Mo.
JONESBORO, T.ATETC CITY AND EASTEBN BB.— Completed up to July 1, 1902:
Jonesboro to Blytheville, Ark., 57 miles. Sidings, 300 ft. Gauge, 4 ft. 8J in. Rail (steel), 45 and
56 Ibs. Chartered May 7, 1897 ; road opened Sept. 1, 1899 (see MANUAL for 1900, page 538). An
extension from Blytheville to Barfield Point, 10 miles, has been graded and will be completed by May
1, 1903. Locomotives, 5. Cars — passenger, 3; freight (box, 40; flat, 60), 100 — total, 143.
Operations. — All information refused ; for latest statement, see MANUAL for 1901, page 541.
General Balance Sheet, June 30, 1900 (latest rendered). — Loans and bills payable, $161,-
811 ; current liabilities, $4,420 ; accrued liabilities, $1,619 ; profit and loss, $21,463 — total, $189,-
314. Contra : Cost of road and equipment, $160,463 ; materials, etc., $53 ; current assets, $28,798
— total, $189,314.
Stock and Bonds. — Capital stock authorized ($1,000 shares), $412,000; none issued. The
company has $225,000 1st gold 6s of 1918 hypothecated as security for a loan.
Directors. — J. E. Jones, E. F. Brown, A. J. Kerfoot, Doswell Brown, W. B. Beckman. OFFI-
CERS: J. E. JONES, Pres. & Treas.; Doswell Brown, Vice-Pres.; A. J. Kerfoot, Gen. Mgr.; E. F.
Brown, Sec. & Gen. Counsel; 8. K. Lenoir, Aud., Jonesboro, Ark. GENERAL OFFICE, Jonesboro, Ark.
KANSAS CITY BELT BY. — Argentine, Kan., to Blue River Valley, Mo., 8.70 m. ; total
track, 45.36 miles. Rail (steel, 44.61 m.), 60 and 75 Ibs. Gauge, 4 ft. 8| in. Consolidation, March
13, 1886, of the Kansas City Belt RR. Co. of Missouri and the Kansas City Belt RR. Co. of Kansas
(see MANUAL for 1891, page 263). The property is owned one-half by The Atchison, Topeka and
Santa Fe Ry. Co., three-tenths by the Kansas City, Fort Scott and Memphis RR. Co., and two-tenths
by the Chicago, Milwaukee and St. Paul Ry. Co. Locomotives, 11. Freight cars (box, 4; other,
17), 21.
Operations, year ending June 30, 1902. — Earnings (freight, $218,867; other, $125,653),
$344,520. Operating expenses, $154,727. Net earnings, $189,793 ; other receipts, $1,619 — total,
$191,412. Payments: Interest on bonds, $123,000; taxes, $32,043 — total, $155,043. Surplus,
$36,369 ; surplus forward, $164,904 — total, $201,273.
General Balance Sheet, June 30, 1902. — Capital stock ($2,500,000 auth.; $100 shares),
$600,000; funded debt (1st 6s of July 1, 1916), $2,050,000; current liabilities, $25,222 ; interest
accrued, $61,770 ; accrued taxes, $5,827 ; profit and loss, $201,273 — total, $2,844,092. Contra :
Cost of road and equipment, $2,651,292 ; other investments, $2,873 ; materials, etc., $37,528 ; cash
and current assets, $152,399 — total, $2,844,092.
Directors (elected May 13, 1902). — B. L. Winchell, Wallace Pratt, Kansas City, Mo.; A. J.
Earling, H. R. Williams, Chicago, 111. ; E. O. Faulkner, E. Wilder, H. U. Mudge, Topeka, Kan.
OFFICERS : H. U. MUDGE, Pres., Topeka, Kan. ; B. L. Winchell, Vice-Pres., St. Louis, Mo. ; Edward
Wilder, Treas., Topeka, Kan. ; C. C. Ripley, Sec., Kansas City, Mo. GENERAL OFFICE, Kansas
City, Mo.
KANSAS CITY, MEXICO AND ORIENT BY. (THE).— Projected : Kansas City, Mo., to
Port Stilwell, Mex., 1,600 miles. Completed to March 1, 1903 : Milton, Kan., to Fairview, Okla.,
99 m. ; In Mexico, 225 m. — total, 324 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 and 75 Ibs.
Work is In active progress, 400 miles of line in the United States and 150 miles In Mexico being
ready for track-laying. A part of the line in Mexico will be the Chihuahua and Pacific Ry., over
which running rights have been secured, and which is expected to be eventually a part of the sys-
tem. In- July, 1902, the company began to operate Its own steamships and sailing vessels on a regu-
lar schedule between Guaymas, Topolobampo Bay (Port Stilwell), La Paz and Mazatlan, carrying
both freight and passengers. The company was incorporated under the laws of Kansas and is legal-
ized in the Republic of Mexico. The road in Mexico is being built by the International Construction
Co., a corporation organized under the laws of Delaware, and legalized in the Republic of Mexico,
The Union Construction Co. holds the contract to build between Kansas City and Lone Wolf, Okla.,
approximately 420 miles.
Financial Statement, March 1, 1903. — Capital stock auth. ($100 shares), $40,000 per mile,
one-half thereof being common stock and one-half non-cumulative 4 p. c. preferred stock. Funded
debt auth., $20,000 per mile, and $2,500,000 additional for extra work in the Sierra Madre Moun-
tains, in 1st mtge. 4 p. c. 50-yr. gold bonds. For the work to be done by it the International Con-
struction Co. will receive $18,000 per mile in 1st mtge. bonds, $16,000 per mile In preferred stock
and $12,500 per mile in common stock, in addition to all subsidies receivable by the railway com-
pany. Beyond this the construction company is to receive the $2,500,000 additional bonds provided
for the heavy work in the Sierra Madre Mountains. The securities mentioned are to be delivered to
the construction company upon the completion of each section of ten miles of road. There will
remain in the treasury of the railway company, applicable to the purchase of additional equipment,
improvement of the roadbed, and other purposes, a total of $6,750,000 1st mtge. bonds, $6,000,000
562 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
preferred stock and $10,250.000 common stock. The capital stock will be held in a voting trust for
ten years.
Directors. — A. E. Stilwell, W. S. Woods, Wm. A. Rule, W. W. Sylvester, J. J. Sylvester,
Hugh C. Ward, C. C. Orthwein, Robert A. Long, Edward George, H. Clay Arnold, J. H. Arnold,
H. F. Hall, Edward Dickinson, J. S. Loose, Kansas City, Mo. ; George Crocker, J. T. Odell, George
J. Gould, Robert dowry, New York, N. Y. ; Russell Harding, St. Louis, Mo. ; W. C. Procter, Cin-
cinnati, O. ; W. C. Edwards, Wichita, Kans. ; J. R. Burton, Abilene, Kans., and Washington, D. C. ;
D. W. Mulvane, Topeka, Kans.; Warren G. Purdy, Chicago, 111. OFFICERS: A. E. STILWELL, Pres.;
Kansas City, Mo.; Enrique C. Creel, Vice-Pres., Chihuahua, Mex. ; W. W. Sylvester, Vice-Pres.;
Edward Dickinson, Vice-Pres., Kansas City, Mo. ; George Crocker, Vice-Pres., New York, N. Y. ;
Neal S. Doran, Sec. & And., Kansas City, Mo. GENERAL OFFICE, Kansas City, Mo.
KANSAS SOTTTHWESTEBN BY. (THE).— Cale Junction to Anthony, Kans., 59.35 m. ;
trackage, St. L. & S. F. RR., Cale Junction to Arkansas City, Kan., 0.35 m. — total, 59.70 m. ; total
track owned (steel; 56 Ibs.), 64.92 miles. Gauge, 4 ft. 8J in. Chartered Oct. 24, 1901, to acquire
and operate the property formerly of the St. Louis, Kansas and Southwestern RR. Co., which was
sold under foreclosure on Oct. 22, 1898, and afterwards operated by the purchaser under the title
of The Kansas Southwestern RR. (see MANUAL for 1901, page 542). Capital stock, $362,000, one-
half of which is owned by The Atchison, Topeka and Santa Fe Ry. Co. and the other half by the St.
Louis and San Francisco RR. Co. The road is operated by its own organization. Locomotives (1
leased), 2. Cars — passenger (leased), 1; baggage, etc., 2; freight (box), 3 — total, 6.
Operations, period Oct. 26, 1901, to June 30, 1902. — Trains run (passenger, 30,062; mixed,
35,458; other, 480), 66,100 miles. Passengers carried, 13,961; carried one mile, 351,890. Tons
freight moved, 31,258; ton-miles, 1,004,441. Earnings (passenger, $9,643; freight, $34,473;
other, $3,181), $47,297. Operating expenses, $37,266. Net earnings, $10,031. Payments: Taxes
$5,718 ; rentals, $312 ; other charges, $2,325 — total, $8,355. Surplus, $1,676.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $362,000; current lia-
bilities, $17,110 ; profit and loss, $1,676 — total, $380,786. Contra : Cost of road and equipment,
$364,744 ; materials, etc., $3,673 ; cash and current assets, $11,369 — total, $380,786.
Directors (elected Nov. 7, 1903). — E. L. Kingsbury, Arkansas City, Kan.; E. P. Ripley,
Chicago, 111. ; H. U. Mudge, E. Wilder, Topeka, Kan. ; B. F. Yoakum, B. L. Winchell, A. Douglas,
St. Louis, Mo. OFFICERS: E. L. KINGSBURY, Pres.; H. R. M. SmUh, Sec.; W. E. Wilcox, Treas.;
Arkansas City, Kan. GENERAL OFFICE, Arkansas City, Kan.
*
LEAVENWORTH AND TOPEKA BY. (THE). — Leavenworth to Meriden June., Kan.,
44.66 m. ; trackage (A., T. & S. F. Ry.), Meriden June, to Topeka, Kan., 10.19 m. — total operated,
54.85 miles. Sidings, 2.43 miles. Gauge, 4 ft. 8J in. Rail (steel, 7.5 m.), 48 and 52 Ibs. Char-
tered Dec. 29, 1899, as successor to the Leavenworth, Topeka and Southwestern Ry. Co. ( See
MANUAL for 1899, page 606.) The new company assumed operation on Feb. 1, 1900. Owned jointly
by the Union Pacific RR. and The Atchison, Topeka and Santa Fe Ry. Cos. Locomotive, 1. Cars —
combination, 2; freight (box, 1; flat, 12; coal, 11), 24 — total, 26. Capital stock (authorized,
$250,000 ; $100 shares) paid in, $50,000.
Directors. — J. O. Brinkerhoff, Kansas City, Mo. ; C. T. McLellan, H. U. Mudge, A. A. Hurd, E.
Wilder, A. L. Williams, N. H. Loomis, Topeka, Kan. OFFICERS : C. T. MCLELLAN, Pres. & Gen.
Mgr.; Edward Wilder, Sec. & Treas., Topeka, Kan. GENERAL OFFICE, Topeka, Kan.
LEAVENWOBTH TEBMINAL BY. AND BBIDGE.— Stillings, Mo., to Leavenworth,
Kan., 1.75 m. ; total track (steel; 65 Ibs.), 2.50 miles. Gauge, 4 ft. 8J in. Chartered Jan. 16,
1892 ; bridge opened, Jan. 1, 1894. This company leased the right to use its tracks, depot, facilities,
etc., to the Kansas City, St. Joseph and Council Bluffs RR. and the Chicago, Rock Island and Pacific
Ry. Cos. for 30 years from Jan. 2, 1894, at an annual rental of $18,000 from each company, which
sum was reduced to $16,000 per annum, beginning Sept. 1, 1895. Also leased similar rights to the
Chicago Great Western Ry. for 30 years from Sept. 1, 1895, at an annual rental of $12,800 for the
first year and $14,300 per annum afterwards. The leases are not exclusive. Operated Jointly by
the lessor companies.
Income Account, year ending June 30, 1902. — Rentals, $44,508; other receipts, $7,001 — total,
$51,509. Payments : Interest on bonds, $30,000 ; on floating debt, $194 ; taxes, $4,603 ; general
expenses, $7,880; other charges, $3,420 — total, $46,097. Surplus, $5,412; surplus forward, $15,-
313 — total, $20,725.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $600,000; funded
debt (1st gold 5s of Jan. 1, 1923), $600,000; current liabilities, $17,862; profit and loss, $20,725
— total, $1,238,587. Contra: Cost of road and equipment, $1,200,000; cash and current assets
$38,587 — total, $1,238,587.
Directors (elected Jan. 13, 1903). — E. W. Snyder, J. W. Crancer, W. N. Todd, Vinton Stillings,
John Wilson, Chas. E. Snyder, T. T. Reyburn, J. H. Wendorff, Leavenworth, Kan. ; C. W. Snyder,
Topeka, Kan. OFFICERS : E. W. SNYDER, Pres., Leavenworth, Kan. ; C. W. Snyder, Vice-Pres.,
Topeka, Kan. ; Chas. E. Snyder, Treas., Vinton Stillings, Sec., Leavenworth, Kan. GENERAL OFFICE,
Leavenworth, Kan.
LITTLE BIVEB VALLEY BY. — Projected : Little Rock, Ark., to Chickasha, Ind. T., 400
miles. Completed up to April 1, 1903 : Neal Springs to Addison, Ark., 11 miles. Gauge, 4 ft. 8J in.
Rail (steel), 45 Ibs. Incorporated in Arkansas Dec. 3, 1897; chartered by Congress by act ap-
proved Feb. 3, 1899. Road completed as above in 1901. Locomotive, 1. Cars — passenger, 1 ; bag-
gage, etc., 1 ; freight, 15 — total, 17. Capital stock, $500,000. Cost of road to date, $65,000. Es-
timated cost of road to completion, $8,000,000.
Directors. — Not reported. OFFICERS : IRA D. OGLESBY, Pres., Fort Smith, Ark. ; J. H. Jones,
Vice-Pres. ; J. M. Rockwell, Gen. Mgr., Houston, Tex. ; W. G. Addison, Sec. & Gen. 8upt., Neftl
Springs, Ark. GENERAL OFFICE, Neal Springs, Ark.
MANITOU AND PIKE'S PEAK BY. — Maniteu to summit of Pike's Peak, Col., 8.9 m. ;
total track (steel; 40 Ibs.), 9.4 miles. Gauge, 4 ft. 8J in. Chartered Nov. 17, 1888; road opened
June 30, 1891. Operated from April to Nov. annually. Locomotives, 5. Cars — passenger 6 :
freight (flat), 2— total, 8..
Operations, year ending June 30, 1902. — Earnings (passenger, $93,013 ; freight $551 ; other,
$4,236), $97,800. Operating expenses, $47,919. Net earnings, $49,881 ; other receipts $330 — total,
$50,211. Total deductions, $26,923. Surplus, $23,288.
General Balance Sheet, Nov. 30, 1901 (latest rendered). — Capital stock ($100 shares,),
$500,000; funded debt (1st 5s of Oct. 1, 1909), $500,000; current liabilities, $2,052; profit and
POOR'S MANUAL OF RAILROADS. 563
loss, $32,913 — total, $1,034,965. Contra: Cost of road, etc., $1,012,812; materials, etc., $3,638;
treasury account, $14,404 ; cash and current assets, $4,111 — total, $1,034,965.
Directors. — J. B. Glasser, C. W. Sells, Manltou, Col. ; Z. G. Simmons, Kenosha, Wis. ; R. R.
Cable, Chicago, 111. ; E. T. Jeffery, Denver, Col. OFFICERS : C. W. SELLS, Pres. & Mgr., Manitou,
Col. ; Z. G. Simmons, Vicc-Pres. & Treas., Kenosha, Wis. ; J. B. Glasser, Sec., Manitou, Col.
GENERAL OFFICE, Manitou, Col.
MISSISSIPPI RIVER AND BONNE TERRE RY.— Riverside to Doe Run, Mo., 47.47
m. — total track (steel; 56 and 75 IDS.), 74.53 miles. Gauge, 4 ft. 8J in. Chartered June, 1888;
road opened March 10, 1890. (See MANUAL for 1894, page 226.) Locomotives, 16. Cars — passen-
ger, 4; combination, 2; baggage, 1; freight (box, 20; dump, 513; coal, 34), 567; service, 9 — total,
583.
Operations, year ending June 30, 1902. — Trains run (passenger, 105,287; freight, 73,315),
178,602 miles. Passengers carried, 131,246 ; carried one mile, 1,406,046. Tons freight moved,
958,866; ton-miles, 24,918,337. Earnings (passenger, $53,669; freight, $484,175; other, $50,327),
$588,170. Operating expenses, $503,334. Net earnings, $84,836 ; other receipts, $2,040 — total,
$86,876. Payments : Interest on bonds, $30,000 ; other interest, $8,321 ; taxes, $6,724 ; dividends
(6 p. c.), $36,000 — total, $81,045. Surplus, $5,831; surplus forward, $129,068 — total, $134,899.
Deductions during the year, $8,000. Net surplus, $126,899.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $600,000; funded
debt (1st 6s of Nov. 1, 1898), $500,000; current liabilities, $282,870; profit and loss, $126,899 —
total, $1,509,769. Contra : Cost of road and equipment, $1,166,192 ; securities owned, $22,871 ;
materials, etc., $111,817 ; cash and current assets, $123,637 ; other assets, $85,252 — total, $1,509,-
769.
Directors. — J. Wyman Jones, C. B. Parsons, Gust. Setz, F. P. Graves, Bonne Terre, Mo. ;
Dwight A. Jones, New York, N. Y. OFFICERS : J. WYMAN JONES, Pres. ; C. B. Parsons, Vice-Pros.,
Bonne Terre, Mo. ; Dwight A. Jones, 2d Vice-Pres., New York, N. Y. ; Gust. Setz, Treas. ; F. P.
Graves, Sec. ; F. J. Thomure, Aud. ; J. Burns, Gen. Mgr., Bonne Terre, Mo. GENERAL OFFICE, Bonne
Terre, Mo.
MISSISSIPPI, ARKANSAS AND WESTERN RY.— In operation Jan. 1, 1903 : Bliss-
ville to near Gaines Landing, Ark., 21 m. ; branch, Blissville to South Spur, Ark., 6 m. — total, 27
miles. Gauge, 4 ft. 8J in. Rail (steel), 40 Ibs. Chartered Jan., 1901; first portion of road opened
July, 1901. Locomotives, 3. Cars — passenger, 2; baggage, etc., 1; freight (box, 6; flat, 50), 56 —
total, 59.
Financial Statement, Jan. 1, 1903. — Capital stock ($100 shares), $220,000; funded debt
(1st mtge. 5 p. c. gold bonds of Jan., 1922), $220,000 — total stock and bonds, $440,000.
Directors. — G. H. Martin, E. G. Leszynsky, Chicago, 111. ; A. T. Bliss, Saginaw, Mich. ; J. B.
Shults, Blissville, Ark. ; B. Vinson, Little Rock, Ark. OFFICERS : G. H. MARTIN, Pres., Chicago,
111. ; A. T. Bliss, Vice-Pres., Saginaw, Mich. ; E. G. Leszynsky, Sec. & Treas., Chicago, 111. GENERAL
OFFICE, Little Rock, Ark.
MISSOURI SOUTHERN RR. — Leeper to Ellington, Mo., 29.15 m. ; total track (steel;
40 Ibs.), 30.69 miles. Gauge, 3 ft. Successor in 1887 to the Mill Spring, Current River and Barns-
ville RR. Co. (See MANUAL for 1894, page 226.) The extension from Bowers to Ellington, Mo., a
distance of 7.29 miles, was opened for traffic on Dec. 1, 1896. Locomotives, 6. Cars — passenger,
2; freight (box, 6; stock, 2; flat, 3; log, 102), 113; service, 2 — total, 117.
Operations, year ending June 30, 1902. — Passengers carried, 2,052 ; carried one mile, 49,196.
Tons freight moved, 65,478; ton-miles, 1,505,994. Earnings (passenger, $2,618; freight, $61,134),
$63,752. Operating expenses, $55,864. Net earnings, $7,888. Payments : Interest on bonds,
$6,000 ; taxes, $843 — total, $6,843. Surplus, $1,045. Deficit forward, $5,261. Net deficit, June 30,
1902, $4,216.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $80,000; current lia-
bilities, $284,521 ; other liabilities, $339 — total, $364,860. Contra : Cost of road and equipment,
$357,821 ; materials, etc., $2,823 ; profit and loss, $4,216 — total, $364,860.
Directors. — P. E. Wilson, Leeper, Mo. ; Joseph Durfee, John H. Douglass, John H. Douglass,
Jr., St. Louis, Mo. ; L. S. Tainter, Menominee, Wis. OFFICERS : JOHN H. DOUGLASS, Pres. & Treas.,
St. Louis, Mo. ; Peter E. Wilson, Vice-Pres. & Gen. Mgr. ; C. M. Wilson, Aud., Leeper, Mo. ; Joseph
Durfee, Sec., St. Louis, Mo. GENERAL OFFICE, Leeper, Mo.
MOSCOW, CAMDEN AND SAN AUGUSTINE RY.— Projected : Moscow to San Augus-
tine, Tex., 60 miles. Completed : Moscow to Camden, Tex., 7 miles. Gauge, 4 ft. 8J in. Chartered
May 5, 1898 ; road completed as above in 1898. Locomotive, 1. Cars — passenger, 1 ; freight, 3 —
total, 4. Capital stock paid in, $50,000. Cost of road and equipment to Aug. 1, 1900, $30,000.
Operations, year ending June 30, 1902. — Trains run (mixed), 8,664 miles. Passengers car-
ried, 2,386 ; carried one mile, 16,702. Tons freight moved, 20,498 ; ton-miles, 143,486. Earnings
(passenger, $477; freight, $14,732), $15,209. Operating expenses, $8,391. Net earnings, $6,818.
Deductions, $940. Surplus for year, $5,878.
Directors. — J. A. Handley, Hortense, Tex. ; S. Bergman, D. L. Jones, Moscow, Tex. ; W. T.
Carter, E. A. Carter, J. Thomas, Camden, Tex. ; E. J. Mantook, Lufkin, Tex. ; J. E. McAshan, Hous-
ton, Tex. ; C. H. Jones, Galveston, Tex. OFFICERS : W. T. CARTER, Pres., Camden, Tex. ; C. H.
Jones, Vice-Pres., Galveston, Tex. ; E. A. Carter, Treas. & Supt. ; J. Thomas, Sec., Camden, Tex.
GENERAL OFFICE, Camden, Tex.
ORANGE AND NORTHWESTERN RR. — Projected : Buna, Tex., to Shreveport, La.,
160 m. ; Orange to Nibletts Bluff, Tex., 10 m. — total, 170 miles. Completed up to July 1, 1903 :
Orange to Buna, Tex., 30 m. ; Orange to South Orange, Tex., 3.5 m. — total, 33.5 miles. Gauge,
4 ft. 8J in. Rail (steel), 60 Ibs. Chartered Jan. 14, 1901; road completed as above early in
1902. Locomotives, 4. Cars — passenger, 2 ; baggage, etc., 1 ; freight, 75.
Financial Statement, July 1, 1903. — Capital stock, full paid, $200,000 ; other liabilities
(of which directors hold $185,000), $275,000 — total, $475,000. Cost of road and equipment,
$492.000. Estimated cost of road to completion, $3,500,000.
Directors. — L. Miller, W. H. Stark, Edgar W. Brown, H. J. Lutchen, W. W. Reid, J. A.
Holland, Orange, Tex. OFFICERS : L. MILLER, Pres. ; W. H. Stark, Vice-Pres. ; W. W. Reid, Sec.
& Treas.; C. W. Hole, Gen. Mgr.; H. L. Montandon, Chief Eng., Orange, Tex. GENERAL OFFICE,
Orange, Tex.
OZARK AND CHEROKEE CENTRAL RY. — Projected : Fayetteville, Ark., to Shawnee,
Okla., 210 miles. In operation March 20, 1903 : Fayetteville, Ark., to Okmulgee, Ind. T., 144 miles.
Under construction : Okmulgee, Ind. T., to Oklahoma City, Okla., 140 m. ; Muskogee, Ind. T., to Fort
564 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Smith, Ark.. 100 m. ; Fayetteville to Jasper, Ark., 75 m. — total, 315 miles. Gauge, 4 ft. 81 in.
Rail (steel), 60 Ibs.
History. — Reorganization in 1901 of the North Arkansas and Western Ry. Co. The line
from Muskogee to Okmulgee, Ind. T., 40 miles, was built under the charter of the Shawnee, Okla-
homa and Missouri Coal and Ry. Co., and was absorbed by this company on March 13, 1903. The
Muskogee City Bridge Co., owning a steel railroad and highway toll bridge across the Arkansas
River, near Fort Gibson, Ind. T., was absorbed on March 14, 1903.
Financial Statement, March 20, 1903. — Capital stock ($100 shares), $2,000,000. Funded
debt : $2,000,000 O. & C. C. Ry. Co. 1st gold 4s of Oct. 1, 1941, subject to redemption at 105 after
1911, and $780,000 S., O. & M. C. & Ry. Co. 1st gold 4s of July 1, 1942, subject to redemption at
par on and after July 1, 1907. On March 16, 1903, the company decided to increase the capital
stock to $9,000.000 and to issue $9,000,000 of 5 p. c. 40-yr. gold bonds to take up the present out-
standing bonds and provide for the construction of additional lines.
Directors. — H. W. Seaman, St. Louis, Mo. ; E. E. Hughes, Fayetteville, Ark. ; A. M. Cooper,
Clinton, la. ; J. H. Mcllroy, J. J. Baggett, W. L. Stuckey, E. W. Boynton, Fayetteville, Ark. OFFI-
CERS : H. W. SEAMAN, Pres., St. Louis, Mo.; E. E. Hughes, Vice-Pres. ; J. C. Duffln, Sec., Fayette-
ville, Ark. GENERAL OFFICE, Fayetteville, Ark.
PABAGOT7LD AND MEMPHIS BY.— In operation July 1, 1903 : Caldwell, Mo., to
Manilla, Ark., 20 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Locomotives, 2. Cars — pas-
senger, 1 ; freight flats, 11 ; caboose, 1. Cost of road to date, $150,000. The company is
planning to extend the line westward to Paragould, Ark., 12 miles, and eastward to Osceola,
Ark., 20 miles. JOHN W. VAIL, Pres., Decatur, Ind.
PINE BLTJFF AND WESTEBN BY. — Projected : Pine Bluff to Sheridan, Ark., 25 miles.
Completed up to June 30, 1902: Pine Bluff to Doylestown, Ark., 11.52 m. ; total track (steel; 60
Ibs.), 12.76 miles. Gauge, 4 ft. 8J in. Chartered May 15, 1899; road opened to Doylestown, May
1, 1900, extended to Sheridan, Feb. 2, 1903. An extension from Sheridan, Ark., to Benton, La.,
25 miles, is under construction. Locomotives, 5. Cars — freight (box, 12; flat, 70), 82.
Operations, year ending June 30, 1902. — Earnings (passenger, $155; freight, $40,558), $40,-
713. Operating expenses, $29,123. Net earnings, $11,590. Deductions, $619. Surplus for year,
$10,971.
Financial Statement, July 1, 1903. — Capital stock ($100 shares, full paid), $250,000.
A mortgage has been executed, of which the Illinois Trust Co., East St. Louis, 111., is trustee,
to secure $1,200,000 1st mtge. 6 p. c. 20-yr. bonds, the proceeds of which are to be used to meet
the cost of extending the road from Sheridan, Ark., to Benton, La. 25 miles. The bonds are
dated Oct. 1, 1902, and will mature on Oct. 1, 1922, but are subject to call ten years from date
at 105 p. c.
Directors. — W. W. Cargill, La Crosse, Wis. ; D. A. Kendall, Kansas City, Mo.; W. T.
Radford, J. H. MacMillan, Clarence Green, Pine Bluff, Ark. OFFICERS : W. W. CARGILL,
Pres., La Crosse, Wis. ; D. A. Kendall, Vice-Pres., Kansas City, Mo. ; J. H. MacMillan, Treas. & Sec.;
W. T. Radford, Supt., Pine Bluff, Ark. GENERAL OFFICE, Pine Bluff, Ark.
OOTNCY, OMAHA AND KANSAS CITY BB.— West Quincy to Pattonsburg, Mo., 167.72
m. ; Kansas City, Peoria and Chicago Ry. (see appended statement), 85.67 m. — total, 253.39 miles.
Sidings, 17.12 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 and 63 Ibs. Chartered June 1, 1897, as
successor to the Quincy, Omaha and Kansas City Ry. Co., whose property was sold under foreclosure
on April 23, 1897. Reorganized in 1902 and in the reorganization absorbed the Omaha, Kansas
City and Eastern RR. (see MANUAL for 1902, page 494). Locomotives, 26. Cars — passenger, 16;
baggage, mail and express, 3 ; freight (box, 211 ; flat, 21 ; stock, 280 ; coal, 293), 805 ; service, 61 —
total, 885. Also, 1 steam excavator, 1 tool car and 1 pile driver.
Operations, from Jan. 16 to June 30, 1902. — Passengers carried, 84,637 ; carried one mile,
1,970,747. Tons freight moved, 169,855; ton-miles, 13,452,325. Earnings (passenger, $62,828;
freight, $129,197; other, $982), $193,007. Operating expenses, $187,881. Net earnings, $5,126.
Charges : Interest, $26 ; taxes, $9,483 — total, $9,509. Deficit, $4,382.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,500,000; funded
debt (no details furnished), $1,750,000; current liabilities, $96,830; taxes, $9,325; receiver, O.,
K. C. & E. RR., $26,175 ; receiver, K. C. & N. C. RR., $2,057 — total, $3,384,387. Contra : Cost of
road and equipment, $3,263,243 ; materials, etc., $49,499 ; cash and current assets, $64,489 ; other
assets, $2,774 ; profit and loss, $4,382 — total, $3,384,387.
RAILROAD OPERATED IN CONNECTION WITH THE Q., O. & K. C. RR.
Kansas City, Peoria and Chicago Ry.
— Northern June, to Pattonsburg, Mo., 75.20 m. ;
Trimble to Gower, Mo., 10.47 m. — total, 85.67
.miles. Reorganization in 1901 of the Kansas
City and Northern Connecting RR. (see MANUAL
for 1902, page 495). The branch from Trimble
to Gower is leased to the St. Joseph and Grand
Island RR. Co. Locomotives, 2. Cars — passen-
ger, 9 ; baggage, etc., 3 ; freight, 14 ; service, 3
— total, 29.
857,421. Tons freight moved, 125,126 ; moved one
mile, 4,601,615. Earnings (passenger, $23,225:
freight, $45,357; other, $16,085), $84,667. Oper-
ating expenses, $80,502. Net earnings, $4,165.
Paid taxes, $4,929. Deficit, $764.
Balance Sheet, June 30, 1902. — Capital stock,
$2,630,000 ; accrued taxes, $4,855 ; receiver, K. C. &
N. C. RR., $2,031 — total, $2,636,886. Contra: Cost
of road, $2,631,032 ; cash and current assets, $4,828 ;
sinking fund, $262 ; profit and loss, $764 — total,
$2,636,886.
Operations, from Jan. 16, to June 30, 1902.
— Passengers carried, 31,732 ; carried one mile,
Directors, Q., O. & K. C. RR. Co. — George F. Baker, Jr.. S. H. Smith, Wm. E. Purdy, Wm. J.
Nevins, New York, N. Y. ; George W. Dulaney, Andrew Ellison, C. A. Bealey, Milan, Mo. OFFICERS :
GEORGE F. BAKER, JR., Pres., New York, N. Y. ; Samuel F. Miller, Sec. & Treas., Milan, Mo. GEN-
ERAL OFFICE, Milan, Mo.
BIO G-BANDE AND EAGLE PASS BY.— Laredo to Minera, Tex., 25 m. ; Cannel
Junction to Cannel, 0.50 m. — total, 25.50 miles. Sidings, 1 mile. Gauge, 4 ft. 8i in. Rail (steel,
7.5 m.), 56 Ibs. Locomotives, 3. Cars — passenger, 1; freight (flat, 2; coal, 57), 59 — total, 60.
Reorganization (and date of charter), May 29, 1885, of the Rio Grande and Pecos Ry. Co. (see
MANUAL for 1892, page 541). Projected to Eagle Pass, 135 miles from Laredo.
Operations, year ending June 30, 1902. — Trains run (freight), 16,406 miles. Passengers car-
ried, 4,743 ; carried one mile, 11,857. Tons freight moved, 128,258 ; ton-miles, 3,206,450. Earn-
ings (passenger, $3,637; freight, $83,757; other, $6,085), $93,479. Operating expenses, $57,630.
POOR'S MANUAL OP RAILROADS. 565
Net earnings, $35,849 ; other receipts, $2,242 — total, $38,091. Payments : Interest on bonds, $12,-
000 ; taxes, $1,445 — total, $13,445. Surplus, $24,646 ; surplus forward, $132,617 — total, $157,263.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $600,000; funded debt
(1st 5s of Oct. 1, 1929), $600,000; current liabilities, $10,101; exchange, $282; profit and loss,
$157,264 — total, $1,367,647. Contra : Cost of road and equipment, $1,225,126 ; securities owned,
562,784 ; real estate, $17,698 ; materials, etc., $959 ; cash and current assets, $61,080 — total,
$1,367,647.
Interest on Bonds.— Under the mortgage the company Is allowed to expend Its net earnings
for betterments and necessary Improvements. Since 1891 there has been nothing earned for the
bondholders.
Directors. — J. J. Haynes, D. H. Randolph, J. K. Baretta, G. H. Bushnell, C. G. Jackson, G. W.
Morton, Laredo, Tex. ; C. B. Wright, W. T. Wright, F. M. Dick, Philadelphia, Pa. OFFICERS : C.
B. WRIGHT, Pres., Philadelphia, Pa.; C. G. Jackson, Vice-Pres. ; G. H. Bushnell, Sec.; G. W. Mor-
ton, Treas., Laredo, Tex. GENERAL OFFICE, Laredo, Tex.
BIO GRANDE AND PAGOSA SPRINGS RR.— Projected : Lumberton, N. M., to Pa-
gosa Springs, Col., 38 miles. Completed March 1, 1903 : Lumberton, N. M., to Blanco, Col., 22 m. ;
total track (steel ; 30 Ibs.), 27 miles. Gauge, 3 ft. Chartered Jan. 16, 1895. Road built from Lum-
berton, N. M., to Edith, Col., 6 m., in 1895 ; extended from Edith to Chromo, Col., 5 m., in 1896 ;
from Chromo to Price, Col., 6 m., in 1898 ; from Price to Blanco, Col., 5 m., in 1902. Locomotives,
3. Cars — passenger, 1; freight (flat, 2; log, 40), 42 — total, 43. Freight cars of the D. & R. G.
RR. are used.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $55,000; construc-
tion, $60,009 — total, $115,009. Contra : Cost of road, $98,720 ; equipment, $16,289 — total, $115,-
009.
Directors. — Charles D. McPhee, J. J. McGinnity, Wm. P. McPhee, Denver, Col. ; E. M. Biggs,
Edith, Col.; J. D. Biggs, Cafion City, Col. OFFICERS: E. M. BIOGS, Pres. & Treas.; Edith, Col.;
C. D. McPhee, Vice-Pres.; John J. McGinnity, Sec., Denver, Col. GENERAL OFFICE, Denver, Col.
RIO GRANDE RR. — Brownsville to Isabel, Tex., 22.5 miles. Rail (steel, 3.5 m.), 35 Ibs.
Gauge, 3 ft. 6 in. Locomotives, 3. Cars — passenger, 4; baggage, etc., 1; freight (box, 25; stock,
1; flat, 24), 50; other, 2 — total, 57. Also 2 lighters operating between Isabel and Brazos Santiago
Harbor, 6 miles. Chartered Aug. 23, 1870 ; road opened July 4, 1872.
Operations, year ending June 30, 1902. — Passengers carried, 5,500 ; carried one mile, 123,-
750. Tons freight moved, 5,100; ton-miles, 114,750. Earnings (passenger, $2,504; freight, $26,-
917; other, $39), $29,460. Operating expenses, $20,497. Net earnings, $8,964. Total deductions,
$4,906. Surplus for year, $4,058.
General Balance Sheet, June 30, 1898 (latest rendered). — Capital stock paid In ($500,000
auth. ; $100 shares), $255,200; funded debt (1st 6s of April 1, 1915), $52,000 ; current liabilities,
$170; profit and loss, $136,794 — total, $444,164. Contra: Cost of road and equipment, $430,739 ;
materials, etc., $1,016 ; cash and current assets, $12,410 — total, $444,164. Bonds outstanding June
30, 1902, $49,000.
Directors. — A. Celaya, S. Celaya, Thos. Carson, C. Jagon, J. B. Wells, G. Champion, Browns-
ville, Tex. ; M. H. Cross, Matamoros, Mex. OFFICERS : A. CELAYA, Pres. ; Jos§ Celaya, Treas. &
Gen. Mgr.; F. Rivadulla, Sec., Brownsville, Tex. GENERAL OFFICE, Brownsville, Tex.
RIO GRANDE JUNCTION RY. — Rifle to Grand Junction, Col., 62.08 miles. Gauge, 4 ft.
8J in. Rail (steel), 65 and 85 Ibs. Chartered June 26, 1889; road opened Nov. 16, 1890. Leased
till Jan. 1, 1940, to the Denver and Rio Grande RR. and the Colorado Midland Ry. Cos., the lessees
to pay as rental 30 p. c. of the gross earnings of each company over the line, the minimum rental to
be equal to the interest on the outstanding bonds of this company. Principal and interest of bonds
guaranteed jointly and severally by lessees of the property. Operations included in lessees' state-
ments.
Income Account, year ending Nov. 30, 1902. — Receipts, $171,936 on account of rental. Pay-
ments: Interest on bonds, $92,500; dividend No. 5 (4 p. c. paid in Jan., 1902), $80,000; other
payments, $117— total, $172,617. Deficit, $681 ; surplus forward, $80,179 ; net surplus, $79,498.
General Balance Sheet, Nov. 30, 1902. — Capital stock ($100 shares), $2,000,000; funded
debt (1st gold 5s of Dec. 1, 1939; $2,000,000 auth), $1,850,000; current liabilities, $82; interest
accrued, $46,325 ; profit and loss, $79,498 — total, $3,975,905. Contra : Cost of road, $3,849,300 ;
cash on hand, $47,107 ; due by lessees, $79,498 — total, $3,975,905.
Directors (elected Oct. 21, 1902). — E. T. Jeffery, Frank Trumbull, G. W. Kramer, C. H.
Schlacks, Joel F. Vaile, J. W. Gilluly, E. R. Murphy, Denver, Col. OFFICERS : E. T. JEFFEHY, Pres.;
Frank Trumbull, Vice-Pres.; E. R. Murphy, Sec.; J. W. Gilluly, Treas.; W. S. Wing, Aud., Denver,
Col. GENERAL OFFICE, Denver, Col.
ROCK PORT, LANGDON AND NORTHERN RY.— Rock Port to Langdon, Mo., 5.60
miles. Gauge, 4 ft. 8£ in. Total track (steel; 56 Ibs.), 6 miles. Chartered Dec. 30, 1889; road
completed July, 1890. Locomotive, 1. Cars — combination, 1; freight (box, 1; flat, 1), 2 — total, 3.
Operations, year ending June 30, 1902. — Earnings (passenger, $2,253; freight, $4,099; other,
$150), $6,502. Operating expenses, $5,337. Net earnings, $1,165. Charges (including interest on
bonds, $1,500), $1,656. Deficit, $491; deficit forward, $2,875 — total, $3,366.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($90,000 auth. ; $100 shares),
$55,000; funded debt (1st 6s of Jan., 1911), $25,000; current liabilities, $4,950 — total, $84,950.
Contra : Cost of road and equipment, $80,000 ; cash and current assets, $1,586 ; profit and loss,
$3,364 — total, $84,950.
Directors. — John P. Lewis, Wm. T. Buckham, George Freihoffer, C. Deatz, John Kinerim,
Rock Port, Mo. OFFICERS : JOHN P. LEWIS, Pres. ; Wm. T. Buckham, Vice-Pres. ; Geo. Freihoffer,
Treas.; John D. Dopf, Sec. & Aud.; Henry Warneke, Oen. Mgr., Rock Port, Mo. GENERAL OFFICE,
Rock Port, Mo.
ST. JOSEPH TERMINAL RR.— This company, chartered Jan. 5, 1887, owns and operates
1.02 m. of main line and 7.33 m. of sidings, a total of 8.35 miles of yard tracks, in St. Joseph, Mo.
It receives and delivers freight, does switching, etc., for The Atchlson, Topeka and Santa Fe and the
St. Joseph & Grand Island Ry. Cos. Operating expenses are disposed of by direct charge to each
company each month On the basis of tonnage and number of cars handled. Rail (steel) 56 and 60
Ibs. Gauge, 4 ft. 8J in. Locomotives, 3.
Operations, year ending June 30. 1902. — Gross earnings (switching, $25,419- rentals $11,-
378), $36,797. Operating expenses, $102,164; Interest on bonds, $17,500; taxes $5,132 — total,
566 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
$124,796. Deficit, $87,999. This deficit was assumed by The Atchison, Topeka and Santa Fe Ry.
Co. and St. Joseph and Grand Island Ry. Co.
General Balance Sheet, June 30, 1902 — Capital stock ($500,000 auth. : $100 shares),
$300,000; funded debt (1st 5s of Aug. 1, 1918; $500,000 auth.), $350,000; current liabilities.
$12,593 ; interest accrued, $7,292 — total, $669,885. Contra : Cost of road and equipment, $643,-
935 ; cash and current assets, $25,950 — total, $669,885.
Directors (elected June 11, 1902). — Raymond Du Puy, T. F. Van Natta, F. C. Uhlman, St.
Joseph, Mo. ; C. F. Resseguie, H. U. Mudge, Topeka, Kan. OFFICERS : RAYMOND Du PUY, Pres.,
St. Joseph, Mo. ; E. Wilder, Treas., Topeka, Kan. ; F. C. Uhlman, Sec. & Aud., St. Joseph, Mo. GEN-
ERAL OFFICE, St. Joseph, Mo.
ST. JOSEPH UNION DEPOT CO. — Chartered March 22, 1880 ; depot opened May 1,
1882. The B. & Mo. Riv. RR. in Neb., the C., B. & Q., the C., R. I. & P., the H. & St. J., the K. C.,
St. J. & C. B., the M. P., the St. J. & G. I., and the Atchison use the station jointly. Each company
owns $1,000 of the capital stock.
Income Account, year ending June 30, 1902. — Rentals received, $15,600. Paid interest on
bonds, $2,910. Surplus, $12,690 ; surplus forward, $166,955 — total, $179,645.
General Balance Sheet, June 30, 1902. — Capital stock, $9,000 ; funded debt ( 1st 6s of Jan.
1, 1906), $44,000; vouchers, $3,615; profit and loss, $179,645 — total, $236,260. Contra: Cost of
road and equipment, $217,606 ; cash and current assets, $18,654 — total, $236,260.
Bonds Redeemed. — Since the date of the preceding statement $9,000 of the bonds have been
redeemed, leaving $35,000 outstanding.
Directors. — H. U. Mudge, M. A. Low, Topeka, Kan. ; O. M. Spencer, A. T. Perkins, S. E.
Crance, Raymond Du Puy, St. Joseph, Mo. ; C. A. Goodnow, Chicago. 111. ; C. M. Levey, Russell
Harding, St. Louis, Mo. OFFICERS: RAYMOND Du PUY, Pres.; E. C. Browne, Sec. & Treas., St.
Joseph, Mo. GENERAL, OFFICE, St. Joseph, Mo.
ST. LOUIS AND HANNIBAL BY.— Hannibal to Gilmore, Mo., 85 m. ; Rails June, to
Perry, Mo., 18 m. — total, 103 m. ; total track, 107 miles. Gauge, 4 ft. 8J in. Rail (steel, 103 m.),
70 Ibs. Chartered June 3, 1872; main line opened in 1882; branch in 1892. (See MANUAL for
1892, page 936.) Locomotives, 8. Cars — passenger, 5; baggage, etc., 3; freight (box, 83; stock,
15; flat, 5; coal, 30), 133 — total, 141.
Operations, year ending June 30, 1902. — Passengers carried, 74,867 ; carried one mile, 182,-
200. Tons freight moved, 93,307; ton-miles, 3,510,337. Earnings (passenger, $47,605; freight,
$101,498; other, $15,610), $164,713. Operating expenses, $113,338. Net earnings, $51,375. Pay-
ments : Interest on bonds, $12,500 ; taxes, $6,731 — total, $19,231. Surplus, 32,144 ; surplus for-
ward, $88,778 — total, $120,922.
General Balance Sheet, June 30, 1902. — Capital stock ($1,000,000 auth.; $100 shares),
$462,000 ; funded debt, $630,000 ; current liabilities, $14,284 ; profit and loss, $120,922 — total,
$1,227,206. Contra : Cost of road and equipment, $1,098,008 ; materials, etc., $7,414 ; cash and
current assets, $121,784 — total, $1,227,206.
Funded Debt, on June 30, 1902, consisted of $380,000 ($600,000 auth.) 1st 7s of 1936 and
$250,000 income 5s of 1933. Additional particulars will be found in the Ready Reference Bond
List — see General Index.
Directors. — S. S. Palmer. M. T. Cox, C. L. Blair, New York, N. Y. ; D. C. Blair, Belvidere,
N. J. ; J. A. Jordan, J. M. Worland, H. M. Modisett, Hannibal, Mo. OFFICERS : S. S. PALMER,
Pres., New York, N. Y. ; J. A. Jordan, Vice-Pres. & Gen. Mgr., Hannibal, Mo. ; M. T. Cox, Sec. &
Treas., New York, N. Y. ; J. M. Worland, Aud., Hannibal, Mo. GENERAL OFFICE, Hannibal, Mo.
ST. LOUIS AND NORTH ARKANSAS RR.— Seligman, Mo., to Harrison, Ark., 65.98
m. ; Junction to Eureka Springs, Ark., 2 m. ; Freeman to Berryville, 2.80 m. — total, 70.78 m. ; total
track (steel; 65 Ibs.), 76.84 miles. Gauge, 4 ft. 8J in. Chartered May 25, 1899. Successor by pur-
chase, Feb. 1, 1900, to the Eureka Springs Ry. Co. (see MANUAL for 1899, page 601). Road opened
as above, April 15, 1901. Locomotives, 4. Cars — passenger, 3; freight (flat), 6 — total, 9.
Operations, year ending June 30, 1902. — Passengers carried, 162,135 ; carried one mile,
3,766,397. Tons freight moved, 62,328; ton-miles, 2,628,371. Earnings (passenger, $94,065;
freight, $137,738), $231,803. Operating expenses, $123,932. Net earnings, $107,871. Payments:
Interest on bonds, $121,042 ; taxes, $6,775 — total, $127,817. Deficit for year, $19,946. Surplus
forward, $57,248. Net surplus, $37,302.
General Balance Sheet, June 30, 1902. — Current liabilities, $70,589 ; profit and loss, $37,-
302 — total, $107,891. Contra : Cost of road and equipment. $73,411 ; materials, etc., $4,617 ; cash
and current assets, $29,863 — total, $107,891.
Directors.' — John Scullin, C. H. Smith, F. J. Wade, St. Louis, Mo. ; O. W. Watkins, George
West, Eureka Springs, Ark. ; J. W. Freeman, Berryville, Ark. ; G. J. Crump, Harrison, Ark. OFFI-
CERS : JOHN SCULLIN, Pres. ; G. L. Sands, Vice-Pres., St. Louis, Mo. ; George West, Sec. & Mgr.,
Eureka Springs, Ark. ; T. A. McMillan, Treas., St. Louis, Mo. GENERAL OFFICE, Eureka Springs,
Ark.
ST. LOUIS MERCHANTS' BRIDGE TERMINAL RY.— In St. Louis, Mo., 7.44 m. ;
total track (steel; 67 Ibs.), 14.62 miles. Operated: Madison, 111., and St. Louis Ry., 4.30 miles.
Locomotives, 16. Cars — passenger, 9 ; caboose, 2 ; dump, 20 ; other, 2 — total, 33. Chartered Aug.
18, 1887. This company is closely afliliated with the Terminal RR. Association of St. Louis.
Financial Statement, Dec. 31, 1902. — Capital stock (auth., $3,500,000), $2,939,500.
Funded debt (1st 5s of Oct. 1, 1930), $3,500,000. The company leases the Merchants' Bridge,
upon which there are outstanding $2,000,000 1st 6s — due Feb. 1, 1929, but redeemable after Feb.
1, 1909, at 110. The T. RR. A. of St. L. guarantees the first mtge. bonds of Oct. 1, 1930, both as
to principal and interest, and guarantees the interest on the Merchants' Bridge Ists of Feb. 1,
1929
Directors. — Not reported. OFFICERS : JOHN H. OVERALL, Pres. ; C. K. D. Walsh, Vice-Pres. ;
Frederick C. Daab, Treas.; H. D. Heuer, Sec., St. Louis, Mo. OFFICE, Union Station, St. Louis, Mo.
LEASED TO ST. L. M. B. TERMINAL RY.
Madiaon, Illinois and St. I.onis Ry. —
Merchants' Bridge to Granite City, 111., etc., 4.3
miles. Rail (steel), 67 Ibs. Chartered Feb. 18,
St. L. M. B. T. Ry. Co. Cost of road, $372,725.
JOHN H. OVERALL, Pres.; H. D. Heuer, Sec. &
Treas. OFFICE, St. Louis, Mo.
1889 ; road opened July 1, 1890. Operated by the
ST. LOUIS, SAN FRANCISCO AND NEW ORLEANS RY.— Projected : Hope, Ark., to
Lawton, Okla., 300 miles. In operation May 1, 1903 ; Ashdown, Ark., to Madill, Ind. T., 166 miles.
Under construction: Hope, Ark., to Ardmore, Ind. T., 223 miles. Gauge, 4 ft. 8J in. Rail (steel),
POOR'S MANUAL OP RAILROADS. 567
65 Ibs. Reorganization, Oct. 12, 1902, of the Arkansas and Choctaw Ry. Co. (see MANUAL for 1902,
page 759). The road is operated by the St. Louis and San Francisco RR. Co. An extension
from Madill to Ardmore, Ind. T., about 57 miles, was completed but not in operation .July 1, 1903.
Financial Statement, May 1, 1903. — Capital stock ($9,000,000 common, $2,500,000 pre-
ferred), $11,500,000. Funded debt: $5,875,000 ($8,750,000 auth.) 1st gold 4s of Dec. 1, 1942,
subject to redemption at par and interest on or before Jan. 1, 1905. The unissued bonds are re-
served for the construction of the extension to Lawton, for the construction or acquisition of other
lines and for betterments and new equipment.
Directors. — James Campbell, B. R. Davidson, C. M. Boswell, Carl Schuman, W. P. Newton,
St. Louis, Mo. OFFICKRS : JAMES CAMPBELL, Pres. ; B. R. Davidson, Vice-Pres. ; W. P. Newton,
Sec.; F. W. Young, Treas., St. Louis, Mo. GENERAL OFFICE, St. Louis, Mo.
ST. LOUIS TRANSFER RY. — East Grand Ave. to Arsenal St., St. Louis, Mo., 6.36 m. —
total track (steel; 55 to 70 Ibs.), 12.34 miles. Gauge, 4 ft. 8i in. Chartered June 19, 1884; road
opened July 1, 1890. Locomotives, 8.
Operations, year ending June 30, 1902. — Earnings (switching), $163,364. Operating expenses,
$125,338. Net earnings, $38,026. Payments: Interest on floating debt, $13,016; taxes, $9,344;
other charges, $19,316 — total, $41,676. Deficit, $3,650 ; surplus forward, $49,820 — net surplus,
$46,170.
General Balance Sheet, June 30, 1902. — Capital stock ($250,000 auth.; $100 shares),
$199,800 ; current liabilities, $289,416 ; profit and loss, $46,170 — total, $535,386, representing cost
of road and equipment.
Directors. — W. K. Kavanaugh, E. B. Pryor, C. H. Beggs, C. A. Goodnow, and W. E. Morse.
OFFICERS: W. K. KAVANAUGH, Pres.; E. B. Pryor, Vice-Pres.; J. E. Gathright, Sec. & Treas., St.
Louis, Mo.
SAN ANTONIO AND QULF RR.— San Antonio to Stockdale, Tex., 38 m. — total track
(steel; 60 Ibs.), 39.13 miles. Gauge, 4 ft. 8J in. Chartered March 31, 1897, as successor to the
San Antonio and Gulf Shore Ry. (see MANUAL for 1897, page 218). Originally projected from San
Antonio to Velasco, Tex., a distance of 200 miles, and grading was completed to Stockdale by the
old company. Locomotives, 2. Cars — passenger, 2; baggage, etc., 1; freight (box, 4; flat, 10),
14 — total, 17.
Operations, year ending June 30, 1902. — Trains run (mixed), 26,660 miles. Passengers
carried, 15,316 ; carried one mile, 409,930. Tons freight moved, 28,646 ; ton-miles, 833,465. Earn-
ings (passenger, $15,230; freight, $51,719; other, $2,599), $69,548. Operating expenses, $38,807.
Net earnings, $30,741 ; other receipts, $620 — total, $31,361. Total deductions, $20,583. Surplus
for year, $10,778.
Financial Statement, June 30, 1901 (latest rendered). — Capital stock ($100 shares), $32,-
000. Cost of road and equipment, $183,373 ; land owned, $4,500 ; added equipment, $1,105 ; mate-
rials, etc., $2,092 ; cash and current assets, $23,042 ; other assets, $3,371 — total assets, $217,483.
Directors. — Geo. W. Brackenridge, E. E. Shackford, S. G. Newton, John A. Fraser, R. H.
Ward, Otto Koehler, Otto Wahrmund, Albert Steves, John J. Stevens, San Antonio, Tex. OFFICERS :
GEO. W. BRACKENRIDGE, Pres.; E. E. Shackford, Vice-Pres. & Gen. Mgr.; S. G. Newton, Sec.; John
A. Fraser, Treas., San Antonio, Tex. GENERAL OFFICE, San Antonio, Tex.
SILVERTON NORTHERN RR.— Silverton to Eureka, Col., 9 miles. Rail (steel), 30 Ibs.
Gauge, 3 ft. Chartered Nov. 4, 1895 ; road completed as above in June, 1896. Locomotive, 1. Cars
(box), 10.
Operations, year ending June 30, 1902. — Trains run (mixed), 4,876 miles. Passengers car-
ried, 2,945 ; carried one mile, 22,142. Tons freight moved, 45,855 ; ton-miles, 143,541. Earnings
(passenger, $1,137; freight, $28,723), $29,860. Operating expenses, $15,168. Net earnings, $14,-
692. Payments: Interest on bonds, $9,000; taxes, $851; dividends (10 p. c.), $15,000; other
charges, $143 — total, $24,994. Deficit, $10,302 ; surplus forward, $12,381 — net surplus. $2,079.
G-eneral Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $150,000; funded
debt (1st gold 5s of Jan. 1, 1946; $300,000 auth.), $180,000; current liabilities, $7,623; taxes,
$260 ; profit and loss, $2,079 — total, $339,962. Contra : Cost of road and equipment, $332,968 ;
materials, etc., $651 ; cash and current assets, $6,343 — total, $339,962.
Directors. — Otto Mears, Fred. Walsen, Simon Guggenheim, E. L. Newhouse, Denver, Col. ; Alex.
Anderson, Silverton, Col. OFFICERS: OTTO MEARS, Pres.; Fred. Walsen, Vice-Pres.; Denver, Col.;
Alex. Anderson. Treas. & Sec., Silverton, Col. GENERAL OFFICE, Silverton, Col.
SILVERTON RR.— Projected : Silverton, Col., to Ouray, Col., 26.60 m. ; Silverton, Col., te
Mineral Point, Col., 19 m. — total, 45.60 miles. Completed up to June 30, 1898 : Silverton, Col., to
Albany, Col., 18.25 m. ; spurs, 3.75 m. — total, 22 m., of which 7.5 m. are operated. Gauge, 3 ft.
Rail (steel, 16 m.), 30 Ibs. Chartered July 8, 1887; road opened In 1889. Receiver appointed in
July, 1899. Locomotive, 1. Cars — passenger, 2; baggage, etc., 1; freight (box), 26; caboose, 1;
other, 1 — total, 31.
Gteneral Balance Sheet, June 30, 1898 (latest rendered). — Capital stock ($100 shares),
$350,000 ; funded debt ( 1st gold 6s of Oct. 1, 1908), $425,000 ; bills payable, $26,278 ; current lia-
bilities, $7,187; interest (accrued, $6,375; unpaid, $32,100), $38,475: accrued taxes, $1,020;
proat and loss, $36,076 — total, $884,036. Contra : Cost of road and equipment, $880,590 ; ma-
terials, etc., $172 ; current assets, $3,274 — total, $884,036.
Directors. — Otto Mears, John L. McNeil, Fred. Walsen, J. W. Schofield, Denver, Col. ; John C.
Welty, Canton, O. ; S. M. Green, Milwaukee, Wis. ; Chas. H. Graham, Philadelphia, Pa. OFFICERS :
ALEX. ANDERSON, Receiver, Silverton, Col. ; OTTO MEARS, Pres., Denver, Col. ; Chas. H. Graham,
Vice-Pres., Philadelphia, Pa. ; John L. McNeil, Treas., Denver, Col. GENERAL OFFICE, Silverton, Col.
TERMINAL RR. ASSOCIATION OF ST. LOUIS.— Consolidation of the Union Ry. and
Transit Cos. and the Terminal RR. of St. Louis. The association is composed of and controlled by
the Cleveland, Cincinnati, Chicago, and St. Louis Ry. Co., the Louisville and Nashville RR. Co., the
Missouri Pacific Ry. Co., the Wabash RR. Co., the Baltimore and Ohio Southwestern RR. Co., the
St. Louis, Iron Mountain and Southern Ry. Co., the St. Louis, Vandalia and Terre Haute RR. Co.,
the St. Louis and San Francisco RR. Co., the Chicago, Rock Island and Pacific Ry. Co., the Chicago
and Alton RR. Co., the Chicago, Burlington and Quincy RR. Co.. the Missouri, Kansas and Texas
RR. Co., the Southern Ry. Co. and the Illinois Central RR. Co., and provision is made in the agree-
ment of association for admitting other lines. In addition to the property acquired by the consoli-
dation (see MANUAL for 1890, page 1090), the company also purchased the properties of the Union
Depot Co. of St. Louis, together with those in East St. Louis held under lease by the St. Louis Bridge
568
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Co. The company, on Oct. 10. 1889, also acquired from the Missouri Pacific and the Wabash the
lease of the St. Louis Bridge and Tunnel. All these consolidated properties are operated under one
management. On Sept. 1, 1894, the new Union Station was opened for traffic. Contracts running
10 years are In effect, by which the tenant lines lease the station for $325,000 per annum and all
expenses of maintenance and operation. The East St. Louis and Carondelet Ry. (see appended state-
ment) was leased on March 1, 1902, and was purchased outright in Feb., 1903. On Oct. 1, 1902, the
St. Louis Belt and Terminal Ry. Co. was acquired by purchase. This line is now under construction
and will be in operation very shortly.
Equipment, Dec. 31, 1902. — Locomotives, 38 ; flat cars, 154 ; drovers' cabooses, 3 ; coaches,
16 ; box cars, 2 ; other vehicles, 11.
Operations, year ending Dec. 31, 1902. — Tons of freight moved, 5,539,509. Passengers car-
ried— foot, 1,456,868 ; electric railway, 2,406,816 — total, 3,863,684. Cars moved — loaded freight,
288,578 ; empty freight, 160,634 ; passenger, 147,187 ; baggage, mail and express cars, 60,165 ;
construction and free cars, 21,440 — total cars, 678,004, as against 607,071 in 1901. Earnings (pas-
senger, $347,709; freight, $1,460,674; mail and express, $101,958; other, $705,019), $2,615,360.
Operating expenses and taxes, $1,120,992. Net earnings, $1,494,368; other receipts (rental Union
Station, $327,007; Interest on deposits, $8,887), $335,894 — total, $1,830,262. Payments: Interest
on bonds (1st mtge., $315,000; 1st consols, $238,333), $553,333; other interest, $29,979; rentals
(St. Louis Bridge, $591,900; Tunnel RR., $75,000; leased property, $139,296), $806,196; im-
provements, $73,411 — total, $1,462,919. Surplus, $367,344 ; surplus forward, $1,647,446 ; less sun-
dry uncollectible accounts, $470 — net surplus, $2,014,322.
General Balance Sheet. Dec. 31, 1902. — Capital stock ($100 shares), $1,441,200; funded
debt, $12,090,000 ; special construction fund, $787,900 ; bills payable, $1,987,579 ; current liabilities,
$715,501; interest accrued, $184,042; rentals accrued, $94,121; other liabilities, $18,111; profit
and loss, $2,014,322 — total, $19,332,776. Contra : Cost of road and equipment, $14,309,449 ; se-
curities owned, $1,433,400 ; materials, etc., $250,507 ; cash and current assets, $3,339,420 — total,
$19,332,776.
Funded Debt. — The funded debt outstanding on Dec. 31, 1902 — total, $12,090,000, as per gen-
eral balance sheet, consisted of $7,000,000 1st gold 41s of Oct. 1, 1939 ; $5,000,000 1st consol. gold
6s of Aug. 1, 1944, and $90,000 1st real estate bends. The authorized issue of consol. mtge. bonds
is $12,000,000, of which bonds amounting to $7,000,000 are reserved to take up the 1st mtge. 44
p. c. bonds. Additional particulars respecting the funded debt will be found in the Ready Reference
Bond List — see General Index.
The West Belt Line is organized as a separate corporation, under the name of the St. Louis
Terminal Ry. Co., and its stock and 1st mtge. bonds, amounting to $1,200,000 each, have been ac-
quired by the Terminal RR. Association, and deposited with the trustee of the 1st consol. mtge.
The length of the line to its first objective point, Wabash June., at or near Page Ave., is 5 miles.
General Mortgage Refunding- 4 p. c. Sinking: Pond Gold Bonds of 1953.— Under date of
Dec. 12, 1902, the company executed a mortgage to the Central Trust Co. of New York and Wm.
Taussig, of St. Louis, Mo., as trustees, to secure an issue of $50,000,000 of gold refunding sinking
fund 4s of Jan. 1, 1953. A sinking fund provides for the redemption of $100,000 bonds in each year,
beginning July 1, 1906, by lot at 110 or by purchase at a less price. The entire issue is subject to
call at 110 and interest on Jan. 1, 1910, or any interest day thereafter. Bonds amounting to $17,-
500,000 are reserved to retire an equal amount of prior lien bonds, and $14,500,000 are issuable
after Jan. 1, 1906, at not exceeding $1,000,000 in any one year, for betterments, improvements and
acquisition of additional properties. The remaining $18,000,000 have been sold and the proceeds
are to be used for immediate extensive additions and improvements in the terminals, etc., at St.
Louis and East St. Louis, and for the acquisition of additional properties, including the entire capi-
tal stocks of the East St. Louis and Carondelet Ry. Co., Granite City and Madison Belt RR. Co., St.
Louis Belt and Terminal Ry. Co., and Terminal Realty Co. The mortgage covers the entire property
and appurtenances of the Terminal RR. Ass'n and its constituent companies, subject only to the liens
of the 1st gold 4Js and 1st consol. gold 5s. As of July 1, 1903, there were $13,000,000 of the refund-
ing bonds outstanding.
Guaranteed Bonds. — The company guarantees, by endorsetnent, the principal and interest
of $3,500,000 1st gold 5s of Oct. 1, 1930, which are a 1st lien on the St. L. M. B. T. Co.'s property.
That company was organized in 1887 to furnish further facilities for increased traffic at St. Louis.
Contracts have been made with the Chicago, Burlington and Quincy and the Missouri, Kansas and
Texas Ry. Cos. for their use of the M. B. T.'s elevated railway, to enable them to reach the new
Union Station, at a joint rental of $50,000 per year.
PROPERTIES OWNED OR LEASED BY THE T. RR. ASSN. OF ST. Louis.
Bast St. Louis and Carondelet Ry.-
East St. Louis to East Carondelet, 111., 9.07 m. ;
East St. Louis June, to Falling Springs, 111., 3.67
m. ; Smith's Bay branch, 0.51 m. — total, 13.25
miles. Gauge, 4 ft. 9 in. Rail (steel), 60 Ibs.
Chartered Feb. 18, 1857 ; road opened Sept. 25,
1872. Purchased by the Terminal RR. Ass'n of
St. Louis, in Feb., 1903. Capital stock ($500,000
auth. ; $100 shares), $420,000. Cost of road, etc.,
$620,000.
St. Louis Bridge Co. — Length of bridge and
approaches, 6,434 feet. Length of delivery and
storage tracks ( in St. Louis, 20.73 m. ; in East
St. Louis, 20.29 m.), 41.02 miles. Formerly the
Illinois and St. Louis Bridge Co. The property
was sold under foreclosure and a new company,
with the present title, formed March 17, 1879.
Leased to the Terminal RR. Association of St.
Louis, at a rental equivalent to interest on bonds,
dividends of 6 p. c. on 1st preferred and 3 p. c.
on 2d preferred stock, and $2,500 for organization
expenses. The bonds as they mature are to be
Directors. T. RR. Assn. of St. Louis (as constituted July 1, 1903). — A. A. Allen, Chas. M.
Levey, C. G. Warner, Russell Harding, B. L. Winchell, H. I. Miller, H. B. Spencer, E. B. Pryor, W. S.
paid by the lessee, but may be reissued, and lessor
agrees to join in new mortgage. Dividends pay-
able in gold, free of all charges. Funded debt,
$5,000,000 gold 7s of April 1, 1929 ; 1st preferred
stock, $2,«0,000; 2d preferred stock, $3,000,000;
common stock, $2,500,000. The common stock is
held in trust by the Mercantile Trust Co. of New
York, which has the right of voting it at the
meetings of the Bridge Co., but otherwise it be-
longs to the lessee. William Taussig, Pres. ;
Julius S. Walsh. Vice-Pres. ; Victor W. Fisher,
Sec. & Treas., St. Louis, Mo.
Tunnel RR. of St. Louis Length of tun-
nel, about 1 mile. Formerly the St Louis Tunnel
RR. Sold under foreclosure and present company
organized. Leased to the T. RR. A. of St. L., at
a yearly rental equivalent to 6 p. c. on the capi-
tal stock and $2,500 for expenses of organization.
Capital stock ($100 shares), $1,250,000. William
Taussig, Pres. ; Julius S. Walsh, Vice-Pres. ; Vic-
tor W. Fisher, Sec. & Treas., St. Louis, Mo.
POOR'S MANUAL OF RAILROADS. 569
McChesney, Jr., St. Louis, Mo. ; Wm. M. Greene, C. E. Schaff, Cincinnati, O. ; C. H. Warren, S. M.
Felton, J. T. Harahan, Chicago, 111. ; M. H. Smith, Louisville, Ky. OFFICERS : JULIUS S. WALSH,
Chairman of Board; W. S. McChesney, Jr., Pres. ; C. A. Vinnedge, Sec. & And.; F. C. Daab, Treas.,
St. Louis, Mo.
TEXAS, ARKANSAS AND LOUISIANA BY. — Atlanta to Bloomburg, Tex., 7.7 m. ;
total track (steel; 35 Ibs.), 8 miles. Gauge, 4 ft. 8J in. Chartered Aug. 14, 1897; road built in
1897. Connects the T. & P. Ry. at Atlanta, Tex., and the K. C. South. Ry. at Bloomburg, Tex. Lo-
comotives, 2. Cars — passenger, 2; freight, 26 — total, 28. Capital stock paid in ($200,000 auth.),
$50,000. Cost of road, etc., $60,000.
Operations, year ending June 30, 1902. — Tons freight moved, 9,266 ; ton-miles, 71,348. Earn-
ings (passenger, $1,344; freight, $10,423), $11,767. Operating expenses, $13,366; charges, $4,746
— total, $18,112. Deficit for year, $6,345.
Directors. — A. C. Smith, B. F. Ellington, C. A. Smith, M. L. Smith, F. M. Greene, Atlanta,
Tex. OFFICERS : F. M. GREENE, Pres. ; C. A. Smith, Vice-Pres. ; Geo. N. Goodwyn, Gen. Mgr., At-
lanta, Tex. GENERAL OFFICE, Atlanta, Tex.
TEXAS CENTRAL RR.— Ross to Stamford, Tex., 214 m. ; leased, H. & T. C. RR., Waco
to Ross, Tex., 11 m. — total, 225 m. ; total track (steel, 199.5 m.), 241 miles. Rail, 56 and 60 Ibs.
Organized Jan. 12, 1893, to take over the main line of the Texas Central Ry. (see MANUAL for 1898,
page 226). The extension from Albany to Stamford, Tex., 39 miles, was put In operation in Feb.,
1900. An extension from Ross to Waco, Tex., a distance of 11 miles, having been completed and put
in operation in Sept., 1902, the use of the H. & T. C. RR. between those points was discontinued.
Locomotives, 18. Cars — passenger, 14; combination, 2; baggage, etc., 5; freight (box, 135; flat,
20; coal, 30), 185; caboose, 7; other, 62 — total, 275.
Operations, year ending June 30, 1902. — Trains run (passenger, 261,959; freight, 105,144),
367,103 miles. Passengers carried, 147,295; carried one mile, 6,076,140. Tons freight moved,
163,179; ton-miles, 13,578,940. Earnings (passenger, $170,158; freight, $387,356; other, $36,-
154), $593,668. Operating expenses, $422,394. Net earnings, $171,274; other receipts, $1,776 —
total, $173,050. Payments: Interest on bonds, $26,330; taxes, $12,531; dividends (see below),
$132,458 — total, $171,319. Surplus, $1,731 ; surplus forward, $216,599 — total, $218,330. Deduc-
tions during year, $104,915. Net surplus June 30, 1902, $113,415.
Dividends. — The payments for the year ending June 30, 1902, were at the rate of 5 p. c. on
the preferred stock and 2i p. c. on the common stock.
General Balance Sheet, June 30, 1902. — Capital stock ( common, $2,675,000 ; 5 p. c. non-
cumulative preferred, $1,325,000), $4,000,000; funded debt, $1,300,000; current liabilities, $86,-
467; interest accrued, not due, $7,300; taxes, $4,800; profit and loss, $113,415 — total, $5,511,982.
Contra : Property account, $4,570,663 ; bonds in treasury, $695,000 ; treasury stock, $26,200 ; ma-
terials, etc., $54,658 ; Waco extension, $121,722 ; cash and current assets, $43,739 — total, $5,511,-
982.
Funded Debt. — The funded debt on June 30, 1902, consisted of $1,150,000 ($2,000,000 auth.)
1st gold 5s of April 1, 1923, and $150,000 1st gold 4s of April 1, 1923. Of the $1,150,000 5 p. c.
bonds, $650,000 are held in the treasury of the company, leaving in the hands of the public only
$500,000 of that issue and the $150,000 4 p. c. bonds — a total of $650,000.
Directors. — Henry K. McHarg, Walton Ferguson, Stamford, Conn. ; Amedee D. Moran, New
York, N. Y. ; Jesse S. McLendon, Chas. Hamilton, Edward Rotan, Waco, Tex. ; Geo. T. Reynolds,
Fort Worth, Tex. OFFICERS : HENRY K. MCHARG, Pres., Stamford, Conn. ; Chas. Hamilton, Vice-
Pres. & Gen. Mgr. ; H. N. Marache, Sec. & And. ; Edward Rotan, Treas., Waco, Tex. ; D. Comyn
Moran, Asst. Sec. & Asst. Treas., New York, N. Y. GENERAL OFFICE, Waco, Tex. New York Office,
68 William Street.
TEXAS CITY TERMINAL CO. — Texas City to Texas City June., Tex., 4.5 m. ; Texas
City to Shoalpoint, 1.5 m. — total, 6 m. ; total track (steel; 65 Ibs.), 7.5 miles. Gauge, 4 ft. 8J in.
Built in 1893. The company owns 2 locomotives and 2 passenger cars. No statement of financial
condition furnished.
Operations, year ending June 30, 1902. — Earnings (passenger, $298; freight, $2,470), $2,768.
Operating expenses, $3,648. Deficit, $880.
Directors. — T. J. Davis, R. M. Wolvin, Duluth, Minn. ; D. H. Wilson, Texas City, Tex. OFFI-
CERS : T. J. DAVIS, Pres.; R. M. Wolvin, Sec., Duluth, Minn.; D. H. Wilson, Treas. & Supt.; C. L.
Crandall, Chief Eng., Texas City, Tex. GENERAL OFFICE, Texas City, Tex.
TEXAS MIDLAND RR. — Ennis to Greenville, Tex., 73.57 m. ; Commerce to Paris, Tex.,
37.61 m. — total, 111.18 m. ; trackage, St. L. S. W. Ry. of Tex., Greenville to Commerce, Tex., 13.97
m. — total operated, 125.15 miles. Sidings, etc., 29.90 miles. Gauge, 4 ft. 8i in. Rail — iron, 56;
steel (117.96 m.), 60 and 70 Ibs. Organized May 23, 1893, and on the 25th of that month acquired
the Northeastern Division of the Texas Central Ry. (See MANUAL for 1895, page 257, and MANUAL
for 1898, page 226.) Locomotives, 17. Cars — passenger, 14; baggage, etc., 5; freight (box, 174;
flat, 114; coal, 39; tank, 19), 346 — total, 365.
Operations, year ending June 30, 1902. — Trains run (passenger, 181,464; freight, 95,953;
other, 100,075), 377,492 miles. Passengers carried, 202,020; carried one mile, 5,149,051. Tons
freight moved, 220,542; ton-miles, 12,668,809. Earnings (passenger, $132,520; freight, $378,998;
other, $26,740), $538,258. Operating expenses, $457,270. Net earnings, $80,988; other receipts,
$4,214 — total, $85,202. Payments : Interest on bonds, $45,000 ; taxes, $14,467 ; other charges,
$3,671 — total, $63,138. Surplus, $22,063; deficit forward, $519,808; net deficit, $497,745.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $500,000; funded
debt ($150,000 1st 5s and $750,000 2d 5s, both due in 1993), $900,000; current liabilities, $2,055,-
229 — total, $3,455,229. Contra : Cost of road and equipment, $2,750,941 ; materials, etc., $83,-
819; cash and current assets, $121,334; other assets, $1,390; profit and loss, $497,745 — total,
$3 455 229
Directors. — E. H. R. Green, W. P. Allen, Terrell, Tex. ; John B. Dodd, Wm. J. Quintan, Jr.,
New York, N. Y. ; J. S. Lockwood, San Antonio, Tex. ; M. B. Loyd, Fort Worth, Tex. ; E. M. Rear-
don, Dallas, Tex. OFFICERS : E. H. R. GREEN, Pres. & Gen. Mgr., Terrell, Tex. ; M. B. Loyd, Vice-
Pres., Fort Worth, Tex.; J. 3. Lockwood, Asst. to Pres.. San Antonio, Tex.; T. E. Corley, Treas.,
Sec. & And., Terrell, Tex. GENERAL OFFICE, Terrell, Tex.
TEXAS, SABINE VALLEY AND NORTHWESTERN RY.— Projected : Sabine Pass
to Red River, 350 miles. Completed : Longview to Boren, Tex., 40 m. ; total track (steel ; 50 Ibs.),
43.39 miles. Gauge, 4 ft. 8J in. Rail (steel), 50 Ibs. Successor to a company of the same name,
whose property was sold under foreclosure March 2, 1897 (see MANUAL for 1898, page 227). The
570
POORS MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
company operates tbe Marshall, Timpson and Sabine Pass Ry. under a traffic agreement (see ap-
pended statement). Capital stock ($100 shares), $100,000. Locomotives, 4. Cars — passenger, 6;
baggage, etc., 1; freight (box, 11; flat, 10), 21; caboose, 1 — total, 29.
Operations, year ending June 30, 1902. — Earnings (passenger, $22,598; freight, $128,468;
other, $3,998), $155,064. Operating expenses, including taxes ($1,793), $120,416. Surplus,
$34,648 ; surplus forward, $44,945— total, $79,593.
RAILROAD OPERATED BY THE T., S. V. & N. W. RY. Co.
Capital stock, $20,000; other liabilities, J2.000
— total, $22,000. Cost of road, etc., $44,000.
G. M. D. Grigsby, Pres., Longview, Tex. ; T.
S. Garrison, Vice-Pres. ; C. E. Sanford, Sec.,.
Timpson, Tex. ; F. T. Rembert, Treas., Longview,
Tex. Office, Timpson, Tex.
MnrNlinll, Timpsoii and Sabine Pans
Ry. — Timpson to Carthage, Tex., 19.1 miles.
Rail (steel), 45 Ibs.
Chartered in Aug., 1896 ; road opened in Dec.,
1898. Operated under a traffic agreement, by the
T., S. V. & N. W. Ry. Co.
Locomotves, 1. - Cars ( passenger, 1 ; freight
flats, 3), 4.
Directors (T., S. V. & N. W. Ry. Co.).—G. M. D. Grigsby, W. B. Ward, J. W. Yates, G. P.
Perry, E. F. Young, M. H. Lillard, W. T. Whitelock, F. T. Rembert, W. S. Mayfleld, M. J. Whitfleld.
Longview, Tex. OFFICERS : G. M. D. GRIGSBY, Pres. & Gen. Mgr. ; W. B. Ward, Vice-Pres. ; F. T.
Rembert, Sec. & Treas.; C. L. Taylor, Aud., Longview, Tex. GENERAL OFFICE, Longview, Tex.
TEXAS SHORE LINE BY. — Projected : Grand Saline to Hoyt, Tex., 10 miles. In opera-
tion Sept. 8, 1902: Hoyt to Grand Saline, Tex., 9.28 miles. Gauge, 4 ft. 8J In. Rail (steel), 52
Ibs. Chartered Feb. 28, 1901 ; road opened as above Sept. 8, 1902. Locomotive, 1 ; combination
car, 1 ; freight cars, 9. Capital stock, $10,000. A mortgage has been made to the United States
Mortgage and Trust Co. of New York, as trustee, to secure $150,000 1st mtge. 5 p. c. 20-yr. gold
bonds, due Jan. 1, 1922, interest payable Jan. & July, at the office of the trustee. None of the bonds
had been issued at the date of this statement (Feb. 25, 1903).
Directors. — F. R. Blount, John Mulholland, New York, N. Y. ; D. C. Earnest, W. E. Grimes,
Grand Saline, Tex. ; J. B. Seeger, J. M. McCormick, W. H. Van Wart, Dallas, Tex. OFFICERS :
F. R. BLOUNT, Pres., New York, N. Y. ; D. C. Earnest, Vice-Pres. ; W. E. Grimes, Sec. & Treas.,
Grand Saline, Tex. ; John Mulholland, Asst. Treas., New York, N. Y. ; J. B. Seeger, Asst. Sec.,
Dallas, Tex. GENERAL OFFICE, Grand Saline, Tex.
TEXAS SOUTHERN RY.— Wlnnsboro to Marshall, Tex., 73.7 m.— total track (steel; 35
and 40 Ibs.), 75.31 miles. Gauge, 4 ft. 8i in. Chartered March 12, 1897, as successor to the Paris,
Marshall and Sabine Pass Ry. Co. (see MANUAL for 1897, page 214). In 1901 the company built a
line from Ashland to Harleton, Tex., a distance of 9 miles, and one from Gilmer to a connection with
the Ragley RR. in Wood County, a distance of 16.5 miles. The Ragley RR., extending northeast to
Winnsboro, 15.38 miles, ȣ.s purchased, as were the Commercial Lumber Co. RR., from Gilmer to
Ashland, 16 miles, and tne Marshall and Northwestern Ry., from Harleton to Marshall, 15 miles.
These acquisitions, with some changes in the old lines, make up the mileage as aforesaid. Loco-
motives, 8. Cars — passenger, 2 ; baggage, etc., 1 ; freight ( box, 84 ; flat, 6 ; coal, 15), 105 — total,
108. Of this equipment, 3 locomotives and all of the cars (except 2 flat) are held under equipment
trusts.
Operations) year ending June 30, 1902. — Trains run (passenger, 2,190; freight, 20,032;
mixed, 67,144), 89,366 miles. Passengers carried, 6,380; carried one mile, 89,177. Tons freight
moved, 105,434; ton-miles, 1,780,418. Earnings (passenger, $4,059; freight, $41,470; other,
$9,328), $54,857. Operating expenses, $47,663. Net earnings, $7,194. Charges: Interest on
notes, $5,859; taxes, $818 — total, $6,677. Surplus for year, $517.
General Balance Sheet, June 30, 1902. — Capital stock ($300,000 auth. ; $100 shares), $79,-
980; funded debt (construction notes, etc.), $884,665; current liabilities, $84,973; interest ac-
crued, $900 ; profit and loss, $979 — total, $1,051,497. Contra : Cost of road and equipment, $961,-
784 ; materials, etc., $8,256 ; cash and current assets, $81,457 — total, $1,051,497.
Funded Debt. — After the close of the fiscal year the company issued $225,000 1st gold 30-yr.
5s of July 1, 1932, and $160,000 collateral trust 3-yr. 7J p. c. gold certificates of July 1, 1905. The
collateral trust certificates are authorized to the amount of $375,000 and are secured by deposit of
twice their face value In 1st mtge. bonds.
Directors (elected June 24, 1902). — L. E. Walker, Geo. I. Walker, E. Key, E. J. Fry, W. C.
Pierce, L. W. Lloyd, S. P. Jones, Marshall, Tex. ; A. L. Clark, Tyler, Tex. OFFICERS : L. E.
WALKER, Pres. & Gen. Mgr.; E. J. Fry, Vice-Pres.; W. C. Pierce, Treas.; J. Copeland, Sec., Mar-
shall, Tex. ; H. C. Clements, Gen. Aud., Kansas City, Mo. GENERAL OFFICE, Marshall, Tex.
TRINITY AND BRAZOS VALLEY RY. — Under construction : Cleburne to Mexia, Tex.,
80 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs. Locomotives, 3. Cars — passenger, 3; bag-
gage, etc., 1; freight (box, 50; flat, 50), 100 — total, 104. Up to Aug. 1, 1903, about 12 miles of
track were laid and it was expected that the line would be completed from Cleburne to Mexia by
Sept. 15, 1903. The road will be extended from Mexia in a southeasterly direction to the Gulf coast,
about 300 miles.
Financial Statement, Aug. 3, 1903. — Capital stock ($100 shares), $300,000. No funded debt.
Directors.— Not reported. OFFICERS : J. H. B. HOUSE, Pres., San Antonio, Tex. ; R. H. Baker,
Vice-Pres. & Gen. Mgr., Austin, Tex. ; E. Sammons, Sec. <f- Treas., Austin, Tex. ; Benj. Thompson,
Chief Eng., Hillsboro, Tex. GENERAL OFFICE, Hillsboro, Tex.
UNION DEPOT AND RY. CO. (THE), DENVER. — Chartered Nov. 24, 1879; opened
June 1, 1881. The Union Pacific RR. Co. owns three-fifths, the Denver and Rio Grande RR. Co. one-
fifth, and the Colorado and Southern Ry. Co. one-fifth of the Union passenger station at Denver,
Col., and pay operating expenses in proportion. All other roads entering the depot pay a fixed rental
per month, which, together with express and office rentals, constitutes the revenue of this company.
Owns no rolling stock, motive power, or trackage, except 5 miles of yard or depot tracks. Capital
stock, $400,000. Funded debt (note to Union Pacific RR. Co.), $300,000. The stock is all owned
by the companies interested in the property. (See MANUAL for 1898, page 227.)
Directors. — W. A. Deuel, J. M. Herbert, E. Buckingham, J. A. Edson, C. C. Dorsey. OFFICERS :
W. A. DEUEL, Pres.; J. A. Edson, Vice-Pres.; Thomas Keeley, Treas.; W. P. Kendall, Sec. • P. J.
Nichols, Supt., Denver, Col. GENERAL OFFICE, Denver, Col.
UNION DEPOT CO. OF KANSAS CITY.— Yard tracks, 3 miles. Rail (steel), 75 Ibs.
Gauge, 4 ft. 8J in. Chartered Nov. 29, 1875; opened in April, 1878. The users of this property
POOR S MANUAL OF RAILROADS.
571
pay all operating expenses and taxes on monthly bills being rendered therefor, but the miscellaneous
revenues of the property must be first applied to the payment of these expenses. Capital stock
($100 shares), $495,000. No bonds.
Directors. — B. L. Winchell, E. J. Sanford, J. O. Brinkerhoff, Kansas City, Mo. ; S. M. Felton,
C. A. Goodnow, Chicago, 111. ; A. A. Allen, C. M. Levey, H. W. Ashley, J. Ramsey, Jr., Russell Hard-
ing, St. Louis, Mo. ; A. T. Perkins, St. Joseph, Mo. ; H. U. Mudge, J. E. Hurley, Topeka, Kan.
OFFICERS: E. J. SANFORD, Pres. & Supt.; C. C. Ripley, Sec. & Treas., Kansas City, Mo. GENERAL
OFFICE, Kansas City, Mo.
VELASCO, BRAZOS AND NORTHERN RY. — Anchor to Velasco, Tex., 20 m. ; total
track (steel; 56 Ibs.), 23.2 miles. The company operates the Sugar Land Ry. (see appended state-
ment), 14.20 miles, making total operated Jan. 1, 1903, 34.20 miles. Gauge, 4 ft. 8§ in. Re-
organization of the Velasco Terminal Ry. Co., whose property was sold under foreclosure in April,
1901. The properties of the Dallas and New Mexico RR. have recently been acquired, consisting of
terminals in the city of Dallas, and 65 miles of line already graded. Track laying was expected to be
begun on this section about Feb. 1, 1903. Locomotives, 2; cars (combination, 1; caboose, 1), 2.
Operations, year ending June 30, 1902 (20 miles). — Trains run (passenger, 2,080; mixed,
12,240), 14,520 miles. Passengers carried, 9,758; carried one mile, 86,969. Tons freight moved,
13,706; ton-miles, 184,501. Earnings (passenger, $4,461; freight, $11,985; other, $784), $17,-
230. Operating expenses, $21,617 ; charges, $222 — total, $21,839. Deficit for year, $4,609.
Financial Statement, June 30, 1902. — Capital stock ($200,000 auth. ; $100 shares), $36,000.
Funded debt, $200,000 auth.
BRAZOS AND NORTHERN RY. Co.
dered). — Capital stock ($100 shares),
profit and loss, $11,248 — total, $153,248.
$142,000 ;
Contra :
Cost of road and equipment, $124,446 ; cash on
hand, $28,802 — total, $153,248.
E.
T.
B.
Ber-
Directors. — E. H. Cunningham,
Cunnnigham, John B. Ketterson, W.
trand, W. K. Morrow, Sugar Land, Tex. ; Geo.
W. Breckenridge, San Antonio, Tex. ; Wm. D.
Cleveland, Houston, Tex. Officers : Ed. H. Cun-
ningham, Pres. & Gen. Mgr. ; E. B. Cunningham,
Vice-Pres. & Asst. Gen. Mgr. ; John B. Ketter-
son, Sec. & Treas., Sugar Land, Tex. General
Office, Sugar Land, Tex.
RAILROAD OPERATED BY VELASCO,
Sngrar Land Ry. — Sugar Land to Arcola
June., Tex., 14.20 m. ; total track (steel; 56 Ibs.),
17.20 miles. Gauge, 4 ft. 8i in. Organized Oct.
21, 1893; road opened Nov. 1, 1893.
Rolling Stock. — Locomotives, 2. Cars — pas-
senger, 2 ; baggage, etc., 1 ; freight ( flat, 25 ;
coal, 20), 45 — total, 48.
Operations, year ending June 30, 1902. — Trains
run (mixed), 6,156 miles. Tons freight moved,
57,567; ton -miles, 539,074. Earnings (freight),
$25,819. Operating expenses, $20,272. Net earn-
ings, $5,547. Deductions, $463. Surplus for year,
$5,084.
Balance Sheet, June 30, 1901 (latest ren-
Directors (V., B. & N. Ry. Co.). — Not reported. OFFICFRS : C. C. WALKER, Pres.; E. P.
Spears, Vice-Pres. & Gen. Mgr.; L. R. Bryan, Sec. & Atty., Houston, Tex.; P. F. Combs, Aud.,
Velasco, Tex. GENERAL OFFICE, Velasco, Tex.
WARREN AND CORSICANA PACIFIC RY.— Warren to Campwood, Tex., 16.95 m. ;
Campwood to end of track, 2 m. ; total track (steel ; 35 Ibs.), 23.95 miles. Gauge, 3 ft. Chartered
Nov. 20, 1899 ; road opened Jan. 6, 1900. Locomotives, 4. Cars — passenger, 1 ; freight, 52 ;
service, 3 — total, 56.
Operations, year ending June 30, 1902. — Train mileage (mixed, 21,276; freight, 15,690),
36,966. Passengers carried, 2,810; carried one mile, 27,032. Tons freight moved, 43,363; ton-
miles, 823,897. Earnings (passenger, $811; freight, $22,096; other, $1,351), $24,258. Operating
expenses, $38,604. Deficit from operations, $14,346.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock ($100 shares),
$100,000 ; accounts and balances, $4,719 ; profit and loss, $18,150 — total, $122,869. Contra : Cost
of road and equipment, $113,232 ; materials, etc., $3,983 ; cash and current assets, $5,654 — total,
$122,869.
Directors. — J. I. Campbell, I. L. Campbell, Y. W. McNeil, A. F. Sharpe, Dan Borchard, Hous-
ton, Tex. OFFICERS: J. I. CAMPBELL, Pres.; I. L. Campbell, Vice-Pres., Gen. Mgr. & Treas.; Y.
W. McNeil, Sec., Warren, Tex. GENERAL OFFICE, Houston, Tex.
WEATHERFORD, MINERAL WELLS AND NORTHWESTERN RY.— Weatherford
to Mineral Wells, Tex., 23 m. ; total track (steel, 26.46 m ), 26.96 miles. Rail, 56 Ibs. Gauge, 4 ft.
8J in. Chartered July 8, 1889; road opened Dec. 16, 1890. Locomotives, 3. Cars — passenger, 2;
baggage, etc., 2; freight (box, 39; flat, 7; coal, 19), 65; service, 11 — total, 80.
Operations, year ending June 30, 1902. — Trains run (passenger, 16,676; freight, 5,808;
mixed, 17,226; other, 991), 40,701 miles. Passengers carried, 44,821; carried one mile, 889,212.
Tons freight moved, 72,144; ton-miles, 1,318,586. Earnings (passenger, $23,675; freight, $54,-
373; other, $3,620), $81,668. Operating expenses, $43,554. Net earnings, $38,114; other re-
ceipts, $1,180 — total, $39,294. Payments : Interest on bonds, $30,000 ; taxes, $1,671 ; other
charges, $334— total, $32,005. Surplus, $7,289 ; surplus forward, $46,890 — total, $54,179.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $500,000 ; funded debt
(see below), $500,000; current liabilities, $23,243; interest accrued, $10,000; profit and loss,
$54,179 — total, $1,087,422. Contra : Cost of road and equipment, $1,018,022 ; materials, etc.,
$3,981 ; cash and current assets, $65,419 — total, $1,087,422.
Funded Debt. — The funded debt on June 30, 1902. consisted of $500,000 1st gold 6s of Sept. 1,
1920. Those bonds have been retired and $500,000 of a total authorized of $1,354,000 5 p. c. bond3
have been issued under a new mortgage, dated Nov. 1, 1902. The 5 p. c. bonds will mature Aug. 1,
1930, and the interest on them is payable Feb. 1 and Aug. 1. Trustee : Continental Trust Co., New
York, N. Y.
Directors (elected June 9, 1903). — George J. Gould, New York, N. Y. ; L. S. Thorne, T. J.
Freeman, W. H. Abrams, J. W. Everman, E. J. Gannon, R. Fenby, Dallas, Tex. ; P. E. Bock, J. W.
Boot, Weatherford, Tex. OFFICERS : GEORGE J. GOULD, Pres., New York. N. Y. ; L. S. Thorne, 1st
Vice-Pres., Dallas, Tex.; P. E. Bock, 2d Vice-Pres.; J. W. Boot, Sec. & Treas., Weatherford, Tex.
GENERAL OFFICE, Weatherford, Tex.
WICHITA VALLEY RY. — Wichita Falls to Seymour, Tex., 51 m. ; total track (steel; 56
Ibs.), 57 miles. Gauge, 4 ft. 8J in. Chartered Feb. 8, 1890; road opened Sept. 1, 1890. Locomo-
tives, 2. Cars — passenger, 2; freight (box), 8 — total, 10.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $13,351; freight, $48,170;
Other, $7,378), $68,899. Operating expenses, $42,556. Net earnings, $26,343, Payments: In-
572 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
terest on bonds, $23,070 ; taxes, $2,734 — total, $25,804. Surplus, $539 ; surplus forward, $16,069
— total, $16,608.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($6,000,000 auth. ; $100 shares),
$1,020,000; funded debt (1st gold 5s of July 1, 1940), $1,020,000; current liabilities, $14,159;
interest accrued, $11,550; profit and loss, $16,608 — total, $2,082,317. Contra: Cost of road and
equipment, $1,811,240 ; bonds in treasury, $251,000 ; materials, etc., $2,100 ; cash and current
assets, $17,977 — total, $2,082,317.
NOTE. — In 1898 interest on the bonds was scaled to 3 p. c. for 5 years, beginning with January,
1898, coupon. Commencing with coupon maturing Jan. 1, 1903, 2 p. c. interest for 5 years was
funded and income notes were given to cover same.
Directors. — Morgan Jones, D. A. Chappell, Denver, Col. ; G. M. Dodge, Nathan Herrmann,
New York, N. Y. ; W. E. Kaufman, J. A. Kemp, J. Grant Jones, Wichita Falls, Tex. ; E. W. Taylor.
Fort Worth, Tex. ; Sidney Webb, Bellevue, Tex. OFFICERS : MORGAN JONES, Pres., Denver, Col. ;
Sidney Webb, Vice-Pres., Bellevue, Tex. ; W. E. Kaufman, Sec., Treas. & Aud., Wichita Falls, Tex.
GENERAL OFFICE, Wichita Falls, Tex.
WILLIAMSVILLE, GREENVILLE AND ST. LOTJIS BY.— Williamsville, Mo., to
Hiram, Mo., 25 m. ; total track (steel, 45 to 60 Ibs.), 27.50 miles. Gauge, 4 ft. 8J in. Chartered
Jan. 25, 1894, and on March 1, 1894, purchased the property of the Williamsville, Greenville and
Northeastern Ry. (See MANUAL for 1895, page 260.) Locomotives, 5. Cars — passenger, 1; bag-
gage, etc., 1; freight (flat, 20; log, 80), 100 — total, 102.
Operations, year ending June 30, 1902. — Passengers carried, 8,689 ; carried one mile, 104,-
268. Tons freight moved, 219,051; ton-miles, 5,476,350. Earnings (passenger, $4,836; freight,
$90,420), $95,256. Operating expenses, $73,061. Net earnings, $22,195. Payments: Interest on
bonds, $22,500 ; other interest, $2,712 ; taxes, $1,401 — total, $26,613. Deficit, $4,418. Surplus
forward, $18,956 ; additions during the year, $9,568 ; net surplus, $24,106.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($750,000 auth.; $100
shares), $375,000; funded debt (1st gold 6s of Jan. 2, 1936), $375,000; current liabilities, $100,-
906 ; profit and loss, $24,107 — total, $875,013. Contra : Cost of road and equipment, $841,170 ;
cash on hand, $33,843 — total, $875,013.
Directors. — Breckenridge Jones, J. S. Walsh, E. W. Klotz, St. Louis, Mo. ; M. S. Halloday, E.
Swartz, Greenville, Mo. OFFICERS: BRECKENRIDGE JONES, Pres.; J. S. Walsh, Vice-Pres., St.
Louis, Mo.; John G. Settle, Sec. & Treas.; E. G. Swartz, Gen. Mgr., Greenville, Mo. GENERAL
OFFICE, St. Louis, Mo.
WIGGINS FEKRY CO. — Chartered Feb. 11, 1853, and operates the Wiggins Car Transfer.
The company owns freight yards and 12.83 m. of yard tracks in St. Louis, Mo. Rail (steel), 50 to
65 Ibs. Gauge, 4 ft. 8J in. Car transfer started in 1870. Car transfer steamers, 2 ; car transfer
barge, 1 ; tugs, 2 ; ferryboats, 5 ; ferry wharf boats, 6. Cars (stock, 3 ; dump, 20), 23.
Operations, year ending June 30, 1902. — Gross earnings, $439,043. Operating expenses,
$231,469. Net earnings, $207,574; other receipts,- $43,178 — total, $250,752. Payments: Taxes,
$32,690; dividends (8 p. c.), $80,000; other charges, $17,833 — total, $130,523. Surplus, $120,-
229 : surplus forward, $1,298,943 — total, $1,419,172.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,000,000; current
liabilities, $250,000 ; insurance fund, $38,883 ; profit and loss, $1,419,172 — total, $2,708,055.
Contra : Cost of floating stock and equipment, $366,293 ; yards and sidings, $43,475 ; securities
owned, $485,204; real estate, $882,972; materials, etc., $39,123; cash and current assets, $890,-
988 — total, $2,708,055.
The $250,000 of current liabilities have been paid off since the date of the general balance sheet.
Directors, Wiggins Ferry Co. — W. K. Kavanaugh, St. Louis, Mo. ; G. A. Goodnow, Chicago, 111. ;
E. B. Pryor, C. H. Beggs, W. E. Morse, St. Louis, Mo. OFFICERS : W. K. KAVANAUGH, Pres. & Gen.
Mgr., St. Louis, Mo. ; Robert Mather, Vice-Pres., New York, N. Y. ; J. E. Gathright, Sec. ; George
Hendricks, Treas., St. Louis, Mo. GENERAL OFFICE, East St. Louis, 111.
NORTHWESTERN GROUP— States of Iowa, Minnesota, Ne-
braska, North Dakota, South Dakota, Wyoming, and Montana.
CHICAGO GREAT WESTERN RAILWAY COMPANY.
(For map of this road, see page 573.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Common Stock 12
Debenture Stock 9
Deed of Trust IS
Directors and Officers 19
Earnings, Exp., etc., 1902... 6
Earnings, etc., 1896-1902 6
General Balance Sheet 7, 16
History 1
Income Account 5
Interest Payments 17
Mileage Operated 2
Oper. and Inc., 1896-1902 6
Operated Roads 18
Preferred Stock "A" 10
Preferred Stock "B" 11
Priority as to Principal of
Stock 15
Rentals Paid 17
Rolling Stock 4
Trackage Rights 3
1. History.— Chartered Jan. 5, 1892, under the laws of the State of Illinois, for the
purpose of reorganizing. the Chicago, St. Paul and Kansas City Ry. Co. on a stock basis
(see MANUAL for 1895, page 261). An agreement has been made for the sale of the Hay-
field-Manly Line, 47.2 miles, and of about 42 miles of the Hampton Branch, from Waverly
to Hampton, la., to the Mason City and Fort Dodge RR. Co., for $1.386,000 of 1st mtge.
4 p. c. gold bonds of that company.
CHICAGO GREAT WESTERN RY.
and Proprietary Lines.
StffffiMHfcjSrT^^ ^
h V*al^«SBiKT>-~
^ML^AaLJE^Jtesfer^
srSr "^3!8» //
«-k^4asav^?
573
574 POOR'S MANUAL OP RAILROADS — NORTHWESTERN GROUP.
2. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 844.85 miles).
Main Line: Chicago, 111., to St. Paul, Minn 400.26 miles.
DeKalb and Great Western Ry.: Sycamore to DcKalb, 111 5.81
Hampton Branch: Sunnier to Hampton, la 63 . 95
Mantorville Branch: Eden to Mantorville, Minn 7 . 57
St. Joseph Division : Oelwein, la., via Des Moines, la., to St. Joseph, Mo 289 . 58
Cedar Falls Branch: Hudson to Cedar Falls, la 7.48
Kansas City Division: Bee Creek to Beverly, Mo 23.00
Hay field-Manly Line: Hayfield, Minn., to Manly Junction, la 47.20
B. TRACKAGE EIGHTS (for details, see Sec. 3) 84 . 66 "
Total length of lines operated, June 30, 1902 929.51miles.
2d track, 4.2 m.; sidings, 245 miles. Gauge, 4 ft. 8% in. Rail (steel), 56, 60, and 75 Ibs.
On April 30, 1901, an agreement was made with the Mason City and Fort Dodge RR.
Co. (see page 577), by which this company will take possession of the Mason City and
Fort Dodge lines as fast as constructed and connected with this company's lines, and
will hold possession and operate them as a part of the Chicago Great Western System
for the term of 100 years; but while operated as one system, the contract provides that
both corporations shall be maintained, and that separate accounts shall be kept of the
earnings and expenses of each. Out of the net earnings of the Mason City and Fort
Dodge RR., in its possession but not otherwise, this company agrees to pay the coupons
of the bonds issued by that company, it being agreed that the surplus of net earnings
shall belong to this company. All the stock of the Mason City and Fort Dodge RR. Co.
is to be assigned to this company in exchange for common stock, share for share. Sub-
stantially the same arrangement in regard to operation and stock ownership has been
made with the Wisconsin, Minnesota and Pacific Ry. Co.
3. Trackage Rights. — The mileage operated under trackage arrangements on June
30, 1902, was made up of the following lines and parts of lines: Northern Pacific Ry., Min-
neapolis to St. Paul, Minn., 10.56 m.; M. & St. L. Ry., 0.13 m.; Dunleith and Du-
buque Bridge Co., Dubuque, la., to East Dubuque, 111., 0.59 m. ; Illinois Central RR., East
Dubuque to Portage Curve, 111., 13.23 m.; C., B. & N. RR., Portage Curve to Aiken, 111.,
1.85 in. ; Chicago Terminal Transfer Ry. ( Chicago Terminals ) , Forest Home to Chicago, 111.,
10.18 m. ; Des Moines Union Ry., in Des Moines, la., 2.26 m.; Des Moines and Kansas City,
Ry., in Des Moines, la., 0.44 m.; K. C., St. J. & C. B. Ry., in St. Joseph, Mo., 0.81 m.; St.
Joseph Terminal Co., in St. Joseph, Mo., 0.39 m.; A., T. & S. F. Ry., St. Joseph to Bee
Creek, Mo., 7.63 m.j C., R. I. & P. Ry., Beverly to Stillings, Mo., 3.59 m.; Leavenworth
Terminal Ry., and Bridge Co., across the Missouri River at Leavenworth, 1.36 m. ; A., T. &
S. F. Ry., Leavenworth to Soldiers' Home, 3.73 m. ; K. C. & N. W. RR., Soldiers' Home to
Kansas City, Mo., 27.91 m. — total, 84.66 miles.
4. Rolling Stock, June 30, 1902.— Locomotives, 218. Cars— passenger, 54; subur-
ban, 3; combination, 13; baggage, etc., 19; milk, 9; dining, 3; buffet, 2; freight (box,
5,173; stock, 381; flat and coal, 591; caboose, 82; refrigerator, 9; furniture, 439; other,
2), 6,677; other, 491— total, 7,271.
5. General Income Account, year ending June 30, 1902.
Earnings —Passenger $1,673,398 59
Freight 6,549,808 18
Mail and Express 208,20280
Miscellaneous 118,27907
Total ( J8.122.22 per mile) $7,549,688 64
Expenses — Maintenance of Way $958,32763
Maintenance of Equipment. 756,038 67
Conducting Transportation. 3,149,564 65
General Expenses ,.. 420,75930
Total ($5,685.46 per mile) $5,284,69025
Net earnings (30.01 p. c.), $2,264,998.39. Payments: Interest on equipment lease
warrants, $4,731.74; on company's proportion as joint owner of bonds issued by other
companies (St. Paul Union Depot Co., $4,655.84; Minnesota Transfer Ry. Co., $7,160),
$11,815.84; on loans for capital improvements $131,451.51; taxes, $204,767.86; internal
revenue war tax, $6,567.82; rentals (Chicago terminals, $209,677.35; Des Moines Ter-
minals, $13,690.65; Dubuque Bridge, $30,000; leased lines, $137,447.60), $390,815.50 —
POOR S MANUAL CHICAGO GREAT WESTERN RY. CO.
575
total, $750,150.27. Surplus, $1,514,848.12; surplus forward, $134,675.88— total, $1,649,-
524. Deductions: Interest on 4 p. c. debenture stock (4 p. c.), $925,202.67; dividends
on 5 p. c. preferred stock "A," $568,620— total, $1,493,822.67. Surplus, June 30, 1902,
$155,701.33.
6. Statement of operations, etc., for seven years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Average Miles Oper. . .
Pass. Train Miles
927.29
1,891,173
1,941,615
1,034,761
39,869,805
1,376,579
928.02
2,004,210
2,006,830
966,663
40,885,158
1,469,215
No
S
4,680,860
3,427,588
929.51
1,997,385
2,168,918
1,192,729
46,712,643
1,814,750
record
S
5,386,044
3,777,373
929.51
2,059,085
2,390,481
1,164,810
52,888,135
1,721,854
kept. .
$
5,867,740
3,943,516
929.51
2,076,461
2,707,988
1,363,785
61,255,609
2,340,965
706,924,174
$
6,721,037
4,490,223
929.51
2,191,819
2,663,964
1,493,609
66,052,117
2,651,054
833,799,170
$
7,013,861
4,831,515
929.51
2,367,481
2,766,115
1,716,083
75,768,267
2,753,675
804,613,173
S
7,549,688
5,284,690
Freight Train Miles. . .
Passengers Carried. . .
Passenger Mileage. . . .
Freight (tons) Moved..
Freight (ton) Miles. ..
$
4,709,821
3,310,243
Operating Expenses.. .
1,399,578
186,491
436,602
(4) 321,908
1,253,272
210,752
434,206
(4) 364,541
1,608,671
243,702
457,130
(t) 396,524
1,924,223
288,650
460,648
(4) 498,002
(4) 454,896
212,873
+9,154
6,312 72
4,242 58
2,070 14
67.21 p. c.
2.00 c.
2,230,814
259,542
476,644
(4) 568,650
(5) 568,620
213,574
+143,784
7,230 73
4,830 74
2,399 99
66.81 p. c.
2.03 c.
0.72 c.
2,182,346
176,676
452,902
(4) 780,610
(5) 568,620
212,646
—9,108
7,545 76
5,197 92
2,347 84
68.88 p. c.
2.01 c.
0.64 c.
2,264,998
131,452
407,363
(4) 925,203
(5) 568,620
211,335
+21,025
8,122 22
5,685 46
2,436 76
69.99 p. c.
2.05 c.
0.69 c.
Interest Paid
Rental Tracks, etc. . . .
Debenture Dividends .
Pref. "A" Stock Divs.
Taxes
144,000
+310,577
5,079 12
3,569 80
1,509 32
70.28 p. c.
2.14 c.
153,000
+90,773
5,043 92
3,693 44
1,350 48
73.23 p. c.
2.02 c.
173,000
+339,315
5,794 50
4,063 83
1,730 67
70.13 p. c.
2.06 c.
Balance (+ or — ). . . .
Gross. Earn, per Mile.
Gross Exp. per Mile. . .
Net Earnings per Mile.
Expenses to Earnings,
Av.Rate p.Pass.p.Mile
Av.Rate p. Ton p. Mile.
NOTE. — In addition to the cash dividends on debenture stock set forth In the preceding table,
dividends were paid in debenture scrip as follows : $150,422 in 1895 ; $148,582 in 1896 ; $118,411
In 1897, and $88,800 in 1898. (See statement relative to debenture dividends in the MANUAL for
1900, page 556.)
7. General Balance Sheet,
Cost of Road, including Terminals..$60,073,673
Cost of Rolling Stock Owned 6,659,281
Capital Stock, W. M. & P. RR. Co. ... 4,060,000
Int. in Kan. Cy. and St. Jo. Elevators. 115,000
Int. in Chicago Union Transfer Ry. . . 56,694
Entire Stock, DeK. & Gt. W. Ry. Co. 111,753
Entire Stock, City Term. Ry. Co.,
Kan. City 307,419
Bonds and Stocks of Other Companies. 266,755
Cash with London Finance Com 190
Accounts Receivable 181,530
Capital Accounts, June 30, 1902.
87 Debenture Stk. and Scrip Outstand'g.$24,327,089 00
25 Preferred Stock "A" Outstanding 11,330,10000
00 Preferred Stock "B" Outstanding 9,468,09000
00 Common Stock 23,383,39500
44 Sterling Loan of 1902 34,42423
63 Gold Notes of 1903 1,124,242 42
Total Assets $71,832,299 03
Gold Notes of 1904.
Temporary 4J p. c. Loan.
Advances from Earnings
808,333 30
675,000 00
681,625 08
Total Liabilities $71,832,29903
8. Capital Stock. — The permanent capital of the company is represented by four classes of
stock divided into shares of $100 each. The following statement shows the present authorized
amount of each class of the stock, the amount thereof outstanding, and the amount still Issuable on
June 30, 1902.
Authorized.
OUTSTANDING.
Increase
in Year.
Still Issu-
able
June 30,
1902.
June 30,
1901.
June 30,
1902.
4 p o. Debenture Stock (see Sec. 9)
S
30,000,000
15,000,000
10,000,000
30,000,000
S
21,826,589
11,304,500
7,468,090
21,315,545
S
24,327,089
11,330,100
9,468,090
23,383,395
$
2,500,500
25,600
2,000,000
2,067,850
$
5,672,911
3,669,900
531,910
6,616,605
5 p. c. Preferred Stock A (see Sec. 10)
4 p. c. Preferred Stock B (see Sec. 11)
Common Stock (see Sec. 12)
Totals. .
85.000.000
61.914.724
68.508.674
6.593.950
16.491.326
The purposes for which the amounts outstanding on June 30, 1901, were Issued are shown by a
statement in the MANUAL, for 1902, on page 525. With the proceeds of $2,500,000 of 4 p. c. de-
benture stock, and $25,000 of preferred A stock, Issued during the year ending June 30, 1902, the
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
company paid $366,475.81 of car trust liabilities, bearing 5 p. c. ; $450,909.07 sterling loans, bear-
ing 6 p. c. ; $464,819.45 for rolling stock purchased, and the balance for additional terminals and
improvements ; $500 of debenture stock and $600 of preferred A stock were Issued in exchange for
the last outstanding $1,000 1st mtge. bond of the Chicago, St. Paul and Kansas City Ry. Co., and
$7,850 of common stock was issued in exchange for stock and income bonds of the same company.
The $2,000,000 of preferred B stock and $2,060,000 of common stock were issued In exchange for
$4,060,000 of stock of the Wisconsin, Minnesota & Pacific RR. Co.
Between June 30, 1902, and July 15, 1903, there were issued $3,250,000 of debenture stock
and $6,538,000 of common stock, besides small amounts of preferred stock A and B. The de-
benture stock was issued for additions, improvements and new equipment ; the common stock for
the purchase of the Mason City and Fort Dodge lines and for other purposes. The authorized
common stock has been increased from $30,000,000 to $50,000,000.
9. Debenture Stock. — This issue partakes of both the nature of stock and bonds. As a
stock it participates in the management by voting at stockholders' meetings in all respects the same
as other stocks. Like a bond it bears a fixed rate of interest of 4 p. c. per annum, which is payable in
gold on the 15th of Jan. and July. Payments are made to European holders at the office of R. Ben-
son & Co., London, Eng., and to American holders by check. (See Sees. 14 and 15.)
10. Preferred Stock " A." — This issue also participates in the management by voting at
stockholders' meetings the same as the. other stocks of the company. It ranks next to the debenture
stock, and is entitled to a non-cumulative dividend not exceeding 5 p. c. per annum, which under a
truet deed must be paid seml-annually whenever earned. (See Sees. 14 and 15.)
11. Preferred Stock " B." — This Is an ordinary preferred stock, entitled to non-cumulative
dividends at not exceeding the rate of 4 p. c. per annum, in preference to common stock. It also
participates In the management, by voting at stockholders' meetings, the same as the other stocks of
the company.
12. Common Stock. — Entitled to such dividends as the net earnings of the company will
Justify in each year, after paying or providing for the interest on the 4 p. c. debenture stock, and the
dividends on the preferred stock " A " and preferred stock " B." It also participates in the man-
agement by voting at stockholders' meetings, the same as the other stocks of the company.
13. Deed of Trust. Debenture Stock and Preferred Stock " A." — The Interest
rights of the 4 p. c. debenture stock, and the special dividend rights of the preferred stock " A," are
secured by a deed of trust and contract between the company and the Manhattan Trust Co. of New
York, as trustee. The trust deed and contract defines the respective rights of each class of stock,
and Is a mortgage security for the interest rights of the debenture stock and the dividend rights of
the preferred stock " A." Among other things it provides for an annual meeting of the debenture
and preferred " A " stockholders collectively, to elect a finance committee, consisting of five of their
own members. This committee has an absolute veto power on the action of the directors involving
the issue of new securities and the making of expenditures of money, except for operating expenses,
and further has authority to appoint an independent auditor to make periodical examinations of the
accounts of the company. " If at any time a controversy should arise as to the amount of net earn-
ings applicable to the payment of dividends on the 5 p. c. preferred stock ' A," the decision of the
committee is final and conclusive." Upon default of the company to pay interest on the 4 p. c. de-
benture stock, or to appropriate surplus earnings for payment of dividends on the 5 p. c. preferred
stock " A " the committee has power, under an extraordinary resolution of the debenture and pre-
ferred " A " stockholders collectively, to appoint a receiver to enter into possession and manage the
property, under its direction, on behalf of the debenture and preferred " A " stockholders.
14. Authority Required for Issuing Additional Debenture Stock or Preferred
Stock " A." — No additional debenture or preferred stock " A " can be issued until authorized (a)
by a vote of two-thirds in amount of all four classes of stock, collectively, at a meeting called for
that purpose, and (b) by a vote of a majority in amount of the debenture and preferred " A " stock-
holders, attending a separate meeting of those two classes of stock, collectively.
15. Priority as to Principal of Stock. — It Is provided that In case of liquidation, the
net assets of the company shall be applicable to the payment In gold of the capital of the different
classes of stocks or securities in the same order of priority as the interest or dividends on such
stocks or securities are provided to be paid.
16. General Balance Sheet, Revenue Accounts, June 30, 1902.
Current Accounts Receivable $2,407,33600
Cash 576,01066
Current Accounts Payable $2,056,86333
Debenture Dividend, July 15, 1902 486,47200
Preferred "A" Dividend, July 31, 1902. 284,310 00
Balance Income Account, June 30, 1902. 155,701 33
Total $2,983,34666 Total $2,983,34666
17. The following is a statement of the rentals payable in 1901 and in 1902, and of
the interest paid on indebtedness during those fiscal years, with an approximation of the
interest payments to be made during the fiscal year ending June 30, 1903:
RENTALS PAYABLE.
1901
1902
Increase.
INTEREST PAID ON
INDEBTEDNESS.
Loans 4
Notes.
Car
Trusts.
Total*.
Chicago Terminals
Des Moines Terminals
Dubuque Bridge
$
203,526 15
14,088 78
30,000 00
137,201 35
$
209,677 35
13,690 55
30,000 00
137,447 60
$
6,151 20
del 398 23
Year ending June 30, 1900 .
Year ending June 30, 1901 .
Year ending June 30, 1902 .
Approximate for Year end-
ing June 30, 1903
$
259,541 59
176,675 66
131,451 51
$
93,569 52
55,788 20
4,731 74
$
353,111 11
232,463 86
136,183 25
100,000 00
Trackage Rights
246 25
Total*
100,000 00
384,816 28
390,815 50
5,999 22
POOR S MANUAL CHICAGO GREAT WESTERN SYSTEM.
577
18. RAILROADS OWNED AND OPERATED BY THE CHICAGO GREAT WESTERN RY. Co.
CITY TERMINAL. RY In Kansas City,
Mo., 5 miles. Rail (steel), 60 Ibs.
HISTORY. — Chartered May 2, 1899, to acquire
terminal property in Kansas City for the Chicago
Great Western Ry. Co. and to construct connec-
tions with other railroads.
FINANCIAL STATEMENT. — Capital stock,
$50,000 ; due C. G. W. Ry. Co., $99,231 — total, rep-
resenting cost of property, $149,231. The Chicago
Great Western Ry. Co. owns the entire capital
stock.
CORPORATE OFFICERS. — Frank Hagerman,
Pres. ; Oscar Hochland, Sec. & Treas., Kansas
City, Mo. Office, Kansas City, Mo.
DE K A Ml AND GREAT WESTERN RY.
— Sycamore to DeKalb, 111., 5.81 miles. Gauge,
4 ft. 8J in. Rail (steel), 60 Ibs.
HISTORY. — Chartered March 11, 1895; road
opened Sept. 1, 1895.
FINANCIAL STATEMENT. — Capital stock
($100 shares), $100,000; due Chicago, Gt. West.
Ry. Co., $11,754 — total, representing cost, $111,764.
The stock is all owned by the Chicago Great
Western Ry. Co.
CORPORATE OFFICERS.— John L. Pratt,
Pres., Sycamore, 111. ; E. C. Lott, Vice-Pres., De
Kalb, 111. ; R. C. Wight, Sec. & Treas., St. Paul,
Minn. Office, Chicago, 111.
19. Board of Directors, Chicago Great Western Ry, Co., elected September 12, 1902.
Term expires Sept., 1903. Term expires Sept., 1904.
J. W. Lusk St. Paul.Minn. A. B. Stickney.. . St. Paul.Mlnn.
S. C. Stickney... " F. Weyerhaeuser.. "
R. C. Wight W. A. Read.... New York, N. Y.
A. B. STICKNEY, President St. Paul, Minn.
Ansel Oppenheim, Vice-President
Treasurer — C. O. Kalman St. Paul, Minn. | Secretary — R. C. Wight St. Paul, Minn.
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
Term expires Sept., 1906.
H.E.Fletcher.Minneapolis.Minn.
T. H. Wheeler.. . New York.N.Y.
Ansel Oppenheim.. St.Paul, Minn.
Railroads Controlled by the Chicago Great Western Ry. Co., but Operated as
Independent Organizations.
MASON CITY AND FORT DODGE RR.— Mason City to Lehigh, la., 88.1 m.;
Mason City to Manly June., la., 9.3 m. ; Carbon June, to Coalville, la., 2.4 m. — total, 99.8
m.; total track, 111.27 miles. Gauge, 4 ft. 8y2 in. Rail (steel), 60 and 75 Ibs.
History. — Organized May 23, 1881; road opened from Mason City to Lahigh, and
branch to Coalville, on Nov. 20, 1886. The extension from Mason City to Manly Junc-
tion was put in operation Nov. 1, 1901, and an extension from Hampton to Clarion,
about 30 miles, was put in operation after the close of the fiscal year. Both of the
extensions bring this road into direct connection with the Chicago Great Western
Ry. An agreement has been made for the purchase from the Chicago Great Western
Ry. Co. of two of its branches (see page 572) for $1,386,000 in the new 1st mtge. 4 p. c.
gold bonds referred to under the head of "Funded Debt." An extension is under con-
struction from Fort Dodge, la., to Omaha, Neb., and an extension is projected from
Clarion to Sioux City, Ta. This company is controlled by the Chicago, Great Western
Ry. Co. through ownership of its stock.
Rolling Stock, June 30, 1902. — Locomotives, 5. Cars — passenger, 5; baggage, etc.,
2; freight (box, 37; stock, 5; flat, 11; coal, 155), 208; service, 1— total, 216.
Operations, year ending June 30, 1902. — Trains run (passenger, 55,416; freight,
67,188), 122,604 miles. Passengers carried, 66,489; carried one mile, 1,502,971. Tons
freight moved, 242,118; ton-miles, 8,026,494. Earnings (passenger, $54,036; freight,
$200,966; other, $738), $255,740. Operating expenses, $146,931. Net earnings, $108,809.
Charges: Interest on bonds, $82,800; other interest, $12,200; taxes, $10,866 — total,
$105,866. Surplus, $2,943.
Financial Statement, June 30, 1902.— Capital stock ($5,000,000 auth.; $100
shares) paid in, $920,000; funded debt, $1,380,000; current liabilities, $451,239; interest
accrued, $82,200 — total, $2,833,439. Contra: Cost of road and equipment, $2,720,705;
cash and current assets, $132,876 — total, $2,853,581.
Funded Debt. — The funded debt as above consists of an issue of 1st 6s of July 1,
1926. It is the intention of the company to cancel these bonds and to make a new mort-
gage securing an issue of 1st mtge. 4 p. c. gold bonds covering all the property of the
company.
Directors.— James W. Colt, Oneonta, N. Y.; Myron T. Herrick, Cleveland, 0.; A.
B. Stickney, St. Paul, Minn.; Arthur S. Fairchild, H. A. Hutchins, New York, N. Y.
OFFICERS: A. B. STICKNEY, Pres., St. Paul, Minn.; Arthur S. Fairchild, Vice-Pres.;
H. S. Pace, Sec.; Chas. E. Silkworth, Treas., New York, N. Y. GENERAL OFFICE, Fort
Dodge, la.
WISCONSIN, MINNESOTA AND PACIFIC RR.-Red Wing to Mankato,
Minn., 93.7 m. ; branch in Faribault, Minn., 2 m. ; Red Wing to Zumbrota, Minn., 28 m. ;
578 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
Winona, Minn., to Osage, la., 122 m. — total, 246.7 m.; total track (steel; 60 and 75 Iba),
245.7 miles. Gauge, 4 ft. 8y2 in.
History. — Reorganization April 24, 1894, of the Wisconsin, Minnesota and Pacific
Ry. Co., whose property was sold under foreclosure on Nov. 16, 1893 (see MANUAL for
1894, page 936). The line from Morton, Minn., to Watertown, S. D. was sold to the Min-
neapolis and St. Louis RR. Co. on Feb. 20, 1899. The Faribault City Branch was opened
in Dec., 1899. The Duluth, Red Wing and Southern Ry., from Red Wing to Zumbrota,
Minn., 28 miles, was purchased on July 1, 1901, and the Winona and WTestenx Ry., from
Winona, Minn., to Osage, la., 122 miles, on Oct. 1, 1901. A line connecting the two
roads named, under construction at the close of the fiscal year, was expected to be in
operation in the fall of 1902. This company is controlled, and its railroad operated,
by the Chicago Great Western Ry. Co., but separate accounts are kept of its operations.
Rolling Stock, June 30, 1902. — Locomotives, 10. Cars — passenger, 5; combination,
3; freight (box, 208; flat, 98; coal, 10), 316; caboose, 4— total, 328.
Operations, year ending June 30, 1902 (215.2 miles). — Train mileage — passenger,
$130,768; freight, 48,944 — total, 179,712 miles. Earnings— passenger, $112,763; freight,
$341,706; other, $18,942 — total, $473,411. Operating expenses, $253,552. Net earnings,
$219,859. Payments: Taxes, $15,377; interest on bonds, $143,400— total, $158,777. Sur-
plus, $61,082; surplus forward, $17,392— total, $78,473.
General Balance Sheet, June 30, 1902.— Capital stock, $4,060,000; funded debt
(1st 4s of Oct. 1, 1951), $5,000,000; accounts payable, $85,855; accrued interest, not
due, $69,600; taxes accrued, $7,099; profit and loss $78,473 — total, $9,301,027. Contra:
Cost of road and equipment, $8,105,855; bonds in treasury $1,040,000; cash, $155,172—
total, $9,301,027.
Capital Stock. — The authorized issue is $5,205,000 in $100 shares. All the out-
standing stock is owned by the Chicago Great Western Ry Co.
Directors.— F. B. Kellogg, A. B. Stickney, R. C. Wight, C. A. Severance, Kenneth
Clark, St. Paul, Minn. OFFICERS: F. B. KELLOGG, Pres.; A. B. Stickney, Vice-Pres.;
C. 0. Kalman, Trees.; G. F. Philleo, Sec., St. Paul, Minn. GENERAL OFFICE, St. Paul,
Minn.
GREAT NORTHERN RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS or SECTIONS.
Burlington Joint Bonds !7a
Capital Expenditures 4
Capital Stock 16
Directors and Officers 24
Earnings and Expenses 6-12
Earnings, etc., 1896-1902 8, 9
Earnings, Whole System 11
Funded Debt (System) 17
Gen. Balance Sheet 13
History 1
Income Account 6-12
Land Department 20
Leased Line Statements 21
Mileage of System 2-3
Operations and Income 12
Permanent Investments 19
Proprietary Lines 22-23
Rentals 14
Rolling Stock 6
Securities & Investments — 19
Stocks and Bonds Owned. . . 18
1. History. — Chartered Sept. 18, 1889, as successor to the Minneapolis and St. Cloud
Ry. Co. (see MANUAL for 1891, page 224). The St. Paul, Minneapolis and Manitoba
Ry. is leased for 999 years from Feb. 1, 1890, this company guaranteeing dividends of
6 p. c. per annum, payable in gold on the $20,000,000 capital stock of the lessor, and
guaranteeing the payment of both the principal and the interest of the " Manitoba's "
bonds. In Oct., 1898, and subsequently, the company acquired about 97 2-3 per cent,
of the capital stock of the "Manitoba" Company, by issuing its own stock in exchange
therefor at the rate of $125 for $100. The company having purchased the entire capital
stock of the Seattle ani Montana RR. Co. began to operate the railroad thereof on
Aug. 1, 1898. The Park Rapids and Leech Lake Ry. is operated under a lease effective
May 1, 1899, and to run from'year to year until cancelled on sixty days' notice by either
party. All the outstanding capital stock and securities of that .road are owned by
the Great Northern Ry. Co. The Eastern Ry. of Minnesota is leased for 99 years
from May 1, 1902, at a rental of the interest on its bonds and dividends at the rate
ot 6 per cent, per annum on its capital stock. The entire capital stock of that road
is owned by the Great Northern Ry. Co.
NEW LINES ADDED TO SYSTEM (see MANUAL for 1902, page 529).
SEATTLE AND NORTHERN RY.— Anacortes to Rockport, Wash., 54.42 miles.
Purchased by the Seattle and Montana RR. Co. and taken over for operation by Great
(Continued on page 579.)
POOR S MANUAL — GREAT NORTHERN RY. CO.
579
2. Mileage of System, June 30,1902.— A. Operated as G. N. Ry. (total, 4,564.98 miles) .
St. Paul, Minneapolis and Manitoba Ry. (see statement in Sec. 21 ) 3,799.19 miles.
Eastern Ry. of Minnesota (see statement in Sec. 21 ) 469.83 ''
Duluth Terminal Ry. : in Duluth, Minn 1.82 "
Park Rapids and Leech Lake Ry. : Park Rapids to Cass Lake, Minn .... 49.04 "
Dakota and Great Northern Ry. (see statement in Sec. 3) , 40.44 "
Seattle and Montana RR. (see statement in Sec. 21) 204.66 "
B. PROPRIETARY LINES, OPERATED BY THEIR OWN ORGANIZATIONS, BUT
STATISTICS INCLUDED IN REPORT OF GREAT NORTHERN RY. Co.
(total, 771.40 miles) :
Montana Central Ry. (see statement in Sec. 22) 260.51 "
Willmar and Sioux Falls Ry. (see statement in Sec. 22) 433.41 "
LEASED TRACK : Sioux City, la., to South Sioux City, Neb 3.32 "
Duluth, Watertown and Pacific Ry. : Watertown to Huron, S. D 69.84 "
Minneapolis Union Ry.: University Switch to 1st St., Minneapolis 2.63
Minneapolis Western Ry. : In Minneapolis, Minn 1.69
Total length of lines in system as operated, June 30, 1902 5,336.38 miles.
O. PROPRIETARY LINES WHOSE STATISTICS ARE NOT INCLUDED IN REPORT OF
GREAT NORTHERN RY. Co.:
Spokane Falls and Northern Ry.: Spokane, Wash., to Dominion
Line 131.83 m.
Nelson and Fort Sheppard Ry. : Dominion Line to Nelson, B. C. . . . 54.70 m.
Columbia and Red Mount. RR.: Northport, Wash., to Dom. Line. . 7.47 m.
Red Mountain Ry.: Dominion Line to Rossland, B. C 9.53 m. — 203.53 miles.
Montana and Great Northern Ry. (see statement in Sec. 1) 185.35 "
Crow's Nest Southern Ry.: Dominion Line to Morrisey, B. C 48.47 "
Washington and Great Northern Ry. (see statement in Sec. 1) 59.5S "
Vancouver, Victoria and Eastern Ry. & N. Co. (see statement in Sec. 1)... 16.29 "
Total length of Great Northern Railway System, June 30, 1902 5,849.10 miles.
The leased track between Sioux City, la., and South Sioux City, Neb., 3.32 miles,
operated in connection with the Willmar and Sioux Falls Ry., was owned as follows:
1.57 miles by the Union Terminal Co. of Sioux City; 0.6 mile by the Chicago, Milwaukee
and St. Paul Ry. Co., and 1.15 miles by the Combination Bridge Co.
The Great Northern Ry. Co. controls the Kootenay Ry. and Nav. Co., but its ac-
counts and statistics are not included in this statement, as it is operated as an inde-
pendent organization (see MANUAL for 1902, page 529).
3. Statement of track mileage, Great Northern Railway System, June 30, 1902:
Main
Track.
Second
Track.
Third
Track.
4th, 5th
&6th
Tracks.
Side
Track.
Total
Track.
Lines Operated as Great Northern Ry
Proprietary Lines
Miles.
4,564.98
771.40
Miles.
56.10
Miles.
9.28
Miles.
13.05
Miles.
951.33
120.95
Miles.
5,594.74
892.35
Total Operated June 30, 1902.
Other Lines
5,336.38
512.72
56.10
9.28
13.05
1,072.28
46.30
6,487.09
559.02
Grand Total.
5,849.10
56.10
9.28
13.05
1,118.58
7,046.11
Gauge, 4 ft. 8y2 in. Rail, 56, 60, 68, 75, 77% and 80 Ibs.
Northern Ry. Co., on Feb. 1, 1902. The purchase price, $1,500,000 in cash, was raised by
sale of 15,000 shares of Seattle and Montana RR. Co. stock. This stock was purchased
by the Great Northern Ry. Co.
DAKOTA AND GREAT NORTHERN RY.— Bottineau to Souris, N. D., 12.72 miles,
and Lakota to a point beyond Edmore, N. D., 27.72 miles — total, 40.44 miles. The line
from Bottineau to Souris was opened for operation on Oct. 7, 1901, and the other line
on July 1, 1902. The road is leased to the Great Northern Ry. Co., which advanced the
cost of construction, and will own the capital stock when issued.
580
POOR'S MANUAL OP RAILROADS — NORTHWESTERN GROUP.
MONTANA AND GREAT NORTHERN RY.-^Jennings to Gateway, Mont., on the
International Boundary, 50.98 miles. Opened for operation July 10, 1902. Cost of con-
struction was advanced by the Great Northern Ry. Co. The Great Falls and Canada
Ry., from Great Falls to Sweet Grass, Mont., 134.37 miles, now a part of the Montana
and Great Northern Ry., has been changed from narrow to standard gauge, the change
being made in Dec., 1902. The capital stock of this company when issued will be
owned by the Great Northern Ry. Co.
CROW'S NEST SOUTHERN RY.— Gateway to Morrisey Junction, B. C., 44.26 miles,,
and spur from Morrisey Junction to Morrisey, B. C., 4.21 miles. Opened for operation
Sept. 15, 1902. Cost of construction advanced by Great Northern Ry. Co. The capital
stock, when issued, will be owned by that company.
WASHINGTON GREAT NORTHERN RY.— Marcus to Boundary, Wash., 27.66
miles, and International Boundary to Republic, Wash., 31.92 miles — total, 59.58 miles.
Opened for operation Aug. 17, 1902. Cost of construction advanced by Great Northern.
Ry. Co. The capital stock will be owned by that company.
VANCOUVER, VICTORIA AND EASTERN RY. AND NAV. CO.— From Interna-
tional Boundary at Rideau, B. C., to boundary line near Carson, B. C., 14.40 miles, and;
spur to Grand Forks, B. C., 1.89 miles — total, 16.29 miles. Opened for operation Aug. 17,
1902. Cost of construction advanced by Great Northern Ry. Co. The capital stock, when
issued, will be owned by the same company.
4. Capital Expenditures. — Expenditures were made during the year ending
June 30, 1902, on the capital accounts of the proprietary companies, for work com-
pleted or under construction, as follows: Eastern Ry. Co. of Minnesota, $1,417,587.46;
Montana Central Ry. Co., (credit), $19,298.99; Willmar and Sioux Falls Ry. Co.,
$9,717; Duluth, Watertown and Pacific Ry. Co., $1,603; Seattle and Montana RR. Co.,
$2,460,552.68; Duluth Terminal Ry. Co., $6,040.73; Park Rapids and Leech Lake
Ry. Co., $6,781.12; Minneapolis Union Ry. Co. (credit), $10.45— total, $3,882,972.55
There was appropriated out of the net revenue for the year, $2,000,000 for the "Fund,
for Permanent Improvements and Renewals," and there has been charged against
that fund $1,820,225.11, the cost of improvements (other than those charged to opera-
tion) made during the year to the property leased from the St. Paul, Minneapolis and
Manitoba Ry. Co.
5. Rolling Stock (entire system), June 30, 1902.— Locomotives, 608. Cars—
passsenger, 214; sleeping, 48; parlor, 5; dining, 16; buffet smokers, 8; tourist, 24;
combination, 36; baggage, mail and express, 116; freight (box, 15,915; combination
box and stock, 745; transfer freight, 50; furniture, 1,152; hay, 6; refrigerator, 404;
stock, 627; flat and coal, 3,544; sand, 600; ore, 1,901), 24,944; service, 1,620 — total,
27,031.
6. General Income Account, G. A7. Ry. (4,156.43 m.), year ending June 30, 1902.
Earn Ings — Passenger $5,690,996 13
Freight 21,002,636 68
Mail and Express 1,032,50233
Miscellaneous 670,999 76
Total ( $6,832.10 per mile) $28,397,134 90
Net Traffic Earnings (49.81 p. c.) $14,253,373 16
Interest on Bonds Owned 380,635 00
Dividends on Stocks Owned 1,419,960 32
Rentals 176,48489
Bills Receivable (Land Notes) 2,05934
Rental of Equip, and Car Service. 180,273 19
Profit on Securities Sold 363,177 45
Other Income— Ground Rents, etc — 293,86824
Total $17,069,831 59
Expenses — Maint. of Way and Struc. . . .$3,792,051 97
Maintenance of Equipment. 2,169,783 07
Conducting Transportation. 7,069,911 71
General 1,112,014 99
Total ($3,402.86 per mile) $14,143,76174
Taxes $984,375 37
Rental St. P., M. & M. Ry. and East.
Ry. of Minn (net) 3,577,49663
Other Rentals 165,04903
Permanent Imp. and Renewal Fund... 2,000,000 00
Dividends on G. N. Ry. Stock 8,225,920 50
Balance 2,116.990 06
Total $17,069,831 69
7. Interest on Bond* Owned. — Town of Wadena, $240 ; town of Sandness, $120 ; town of
Leaf River, $120 ; town of Hutchinson, $315 ; town of Minnesota Falls, $120 ; Duluth Terminal
Ry. Co., $5,250; Montana Central Ry. Co., $32,500; Willmar and Sioux Falls Ry. Co., $1,050;
Park Rapids and Leech Lake Ry. Co., $12,500 ; Butte, Anaconda and Pacific Ry. Co., $.50,000 ::
POOR'S MANUAL GREAT NORTHERN RY. CO.
581
Spokane Falls and Northern Ry. Co., $154,800 ; Nelson and Ft. Sheppard Ry. Co., $77,580 ; Colum-
bia and Red Mountain Ry. Co., $17,460; Red Mountain Ry. Co., $13,020; St. P., M. & M. Ry. Co.'s
Montana Ext, $15,560 — total, $380,635.
8. Statement of operations, income, etc., of the G. N. Ry. for seven years ending
June 30:
1896
1897
1898
1899
1900
1901
1902
Miles of Road Worked
3,765.70
2,385.804
5.060,764
1,239.978
82.988,362
3,537,824
1,194,222,577
$
2,151,295
12.170,276
975,882
3.806.13
2,588,310
4.381,741
1,299,324
82.635,145
3,387,633
1,154,693,357
*
2,074,166
11,974,463
945,912
3,854.22
2,759,591
j 4,238,886
I 543,432
1,421,056
130,607.889
3.802,259
1,397,420,265
1
2,785,601
13,774,832
1,079,327
4,028.56
3,003,018
4,369,550
588,020
1,638,160
144,445,991
4,549,104
1,486,843,802
$
3,068,966
14,657,484
1,331,364
4,076.37
3,159,373
4,679,371
687,189
1,969,965
163,447,054
5,162,757
1,722,683,402
S
3,795,557
16,645,519
1,512,336
4,060.25
3,390,503
4,133,282
656,550
2,171,271
177,757,309
4,537,887
1,660,960,215
$
3,943,927
15,367,999
1,569,125
4,156.43
3,804,300
5,285,210
604,548
2,942,198
249,051,096
7,744,950
2,294,335,466
S
5,690,996
21,002,637
1,703,502
Freight Train Miles . . . . I
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Freight Earnings
Other Earnings
Gross Earnings
15.297,453
7,898,981
14,994.541
8,173,890
17,639,770
10,566,220
19,057,814
9,396,648
21,953,412
11,648.432
20,881,051
12,108,956
28,397,135
14,143,762
Net Earnings
7,398,472
805,144
6,820,651
1,519,551
7,073,550
2,481,466
9,661,166
12,673,825
10,304,980
4,605,314
8,772,095
4,247,219
14,253,373
2,816,459
Other Receipts
Net Income
8,203,616
528,053
4,783,016
600,000
8,340,202
502,206
4,780,729
600,000
9,555,016
586,384
4,796,863
600,000
12,334,991
758,941
4,056,613
81,211
1,800,000
(6f)3,851,034
14,910,294
774,204
3,709,548
13,019,314
745,224
3,687,657
17,069,832
984,375
3,742,546
Lease Rentals
Int. on Coll. Trusts
Imp. & Renewal Fund. . . .
1,800,000
(7) 6,408,778
2,000,000
8,225,921
(5) 1,250,000
(5) 1,250,000
(6) 1,500,000
(7) 6,897,369
Total Payments
7,161,069
1,042,547
4.062- 31
2,097 61
1,964 70
51.64 p.c.
2.59 c.
1.02c.
7,132,935
1,207,267
3,939 58
2,147 56
1,792 02
54.51 p.c.
2.51 c.
1.04 o.
7,483,247
2,071,769
4,576 74
2,157 69
2,419 05
47. 14 p.c.
2.13c.
0.99 c.
10,547,799
1,787,192
4,730 67
2,332 51
2,398 16
49.31 p.c.
2.13c.
0.98 c.
12,692,530
2,217,764
5,385 53
2,857 55
2,527 98
53.06 p.c.
2.32 c.
0.97 c.
11,330,250
1,689,064
5,142 80
2,982 32
2,160 48
57.99 p.c.
2.22 c.
0.93 c.
14,952,842
2,116,990
6,832 10
3,402 86
3,429 24
49.81 p.c.
2.29 c.
0.92 c.
Gross Earnings per Mile
Gross Expenses per Mile. . . .
Net Earnings per Mile
Expenses to Earnings
Earn. p. Pass. p. Mile
9. Results from operation of the entire system for seven years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles Operated (aver.)
Passenger Train Miles
Freight Train Miles
4,374.19
2.971,338
5680711
4,414.76
3,205,238
5442659
4,466.00
3,351,746
5 541 497
4,786.36
3,757,818
5809762
5,075.86
4,010,799
6 092 623
5,202.31
4,284,900
5627697
5,249.37
4,614,850
6861 788
Mixed Train Miles
653468
452901
585687
'610'202
927924
881 061
777794
Total Rev. Train Miles
Passengers Carried
9,305,517
1 528 369
9,100,798
1 498 310
9,478,930
1 715664
10,177,782
2 024 293
11,031,346
2 407 31 1
10.793,658
2 717 851
12,254,342
3 493 245
Passenger Mileage. .
99 178 028
97 543 773
149 041 326
169 882 H67
195 585 382
214 392 859
286 320 423
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
7.52U59
1,622,877,423
$
2648854
7,471,894
1,657,223,725
1
2 527 109
8,089,593
1,937,955,894
$
3 311 380
10,002,810
2,158,212,794
S
3 750 33°
9,676.771
2.504,792,882
$
4 659 091
9,925,811
2,481.751,195
S
4909 333
13,237,363
3,190.217,482
1
6 662 173
15 833 090
15 841 331
i u nr>fi (u?
21 623 654
27 409 017
Other Earnings. . .
1 130620
l'067'o20
1 210 117
1 791; A7fi
1 817 703
1 961 066
Gross Earnings
1!) 612 564
19 436060
2<> 577 544
OC ftlT Qfl!
28 910 789
28 350690
36 032 256
Operating Expenses
10 230 708
lo'70l'871
10854 705
12 164 00°
14 877 578
15 843 421
17 789 164
Net Earnings
9381856
8734 189
1 1 799 810
11 fwa 911
12 507 269
18 243 092
Gross Receipts per Mile
Operating Exp. per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass. p. Mile
Av. Rate p. Ton p. Mile
4,433 70
2,338 88
2,144 82
52. 16 p.c.
2.671 c.
0.976 c
4,402 52
2,424 11
1,978 41
55.06 p.c.
2.591 c.
0.956 c.
5,055 43
2,430 52
2,624 91
48.08 p.c.
2.222 c.
0.932 c.
5,226 92
2,541 39
2.685 53
48.62 p.c.
2.208 c.
0.916 c.
5,695 74
2,931 04
2,764 70
51.46 p.c.
2.378 c.
0.899 c.
5,449 64
3,045 46
2,404 18
55.88 p.c.
2.290 c.
0.871 c.
6,864 11
3,388 82
3,475 29
49.37 p.c.
2.327 c.
0.859 c.
1O. Dividend* on Stock* Owned — Northern Steamship Co., $150,000 ; Great Northern
Ry. Co., $3,060.32 ; St. Paul Union Depot Co., $1,750 ; Minneapolis Union Ry. Co., $25,000 ; Duluth
582
POOR 8 MANUAL OF RAILROADS — NORTHWESTERN GROUP.
Terminal Ry. Co., $3,000 ; Park Rapids and Leech Lake Ry. Co., $35,000 ; Eastern Ry. Co. of
Minnesota, $800,000 ; Willmar and Sioux Falls Ry. Co., $350,000 ; Red Mountain Ry. Co., $9,530 ;
Columbia and Red Mountain Ry. Co., $13,220 ; Butte, Anaconda and Pacific Ry. Co., $29,400 — total,
$1,419,960.32.
11. Operations, Great Northern Ry. System proper, year ending June 30, 1902:
Great
Northern
Ry.
Eastern Ry.
of
Minn.
(10 months.)
Montana
Central
Ry.
Willmar A
Sioux Falls
Ry.
DuL, Wat.
A Pacific
Ry.
Total.
Miles of Road Operated (aver.)
Passenger Train Mileage
4,156.43
3,804,300
5,285,210
604,548
419.01
281,100
926,249
62,640
264.56
253,832
346,662
21,505
436.73
275,570
303,235
61,711
69.84
48
432
27,300
5.249.37
4,614,850
6,861,788
777,704
Freight Train Mileage
Mixed Train Mileage .
Total Rev. Train Mileage
Passengers Carried
9,694,058
2,942,198
249,051,090
7,744,950
2,294,335,466
$
5,690,996 13
21,002,636 68
1,032,502 33
670,999 76
1,269,989
255,387
17,992,089
5,560,265
637,242,155
$
401,906.85
3,743,333 23
45,732 88
47,956 45
621,999
147,430
9,591,154
1,464,890
177,199,607
$
298,575 95
1,385,413 78
41,652 94
61,408 %
640.51P
222,097
9,529,807
644,693
79,515,216
S
265,516 78
1,197,951 83
48,126 94
8,697 23
27,780
6,332
156,277
54,100
1,925,038
$
5,177 54
79,681 71
3,903 71
84 38
12,254,342
3,493.245
286,320.423
13,237,363
3,190.217,482
S
6,662,173 25
27,409,017 23
1,171,918 80
789,146 78
Passengers Carried One Mile
Tons Revenue Freight Moved
Tons Freight Moved One Mile
Earnings — Passenger
Freight
Mail and Express
Miscellaneous
Totals
28,397,134 90
3,792,051 97
2,169,783 07
7,069,911 71
1,112,014 99
4,238,929 41
278,267 96
277,985 23
912,862 72
176,516 11
1,787.051 63
332,935 95
188,293 26
514,685 59
69,521 04
1,520,292 78
286,297 38
87,426 00
400,210 88
84,101 61
88,847 34 36,032,256 06
12,926 15 4,702.479 41
2,795 20 2,726,282 76
17.754 22 8,915,425 12
2,823 20 1,444,976 95
Expenses — Maint. of Way, etc
Maint. of Equipment. . . .
Transportation
General Expenses.
Totals
14,143,761 74
14,253,373 16
2,816,458 43
1,645,632 02
2,593,297 39
695,194 98
1,105,435 84
681,615 79
62,268 41
858,035 87
662,256 91
21,279 68
36,298 77
52.548 57
172 00
17,789,164 24
18,243,091 82
3,595,373 50
Net Traffic Earnings
Other Receipts
Totals, Net Income
17,069.831 59
984,375 37
3,742,545 66
3,288,492 37
139,209 41
86,906 94
435,00000
960,00000
743,884 20
47,568 67
3,600 00
560,000 00
683,536 59
61,874 09
52,720 57
6.666 43
21.838,465 32
1.239,693 97
3.833,052 60
1,177,300 00
9,535,920 50
Payments — Taxes
182,300 00
350,00000
Dividends
8,225,920 50
Totals
*14,952,841 53
2,116,990 06
5.323,240 79
7,440,230 85
6,832 10
3,402 86
3.429 24
49.81 p.c.
2.285 c.
0.915 c.
1,621,116 35
1,667,376 02
d. 1,110,543 33
556,832 69
10,116 50
3,927 43
6.189 07
38.80 p.c.
2.234 c.
0.587 c.
611,168 67
132,715 53
97,690 83
230,406 36
6,754 81
4,178 39
2,576 42
61.86 p.c.
3.113c.
0.782 c.
594,174 09
89,362 50
333,116 69
422.479 19
3,481 08
1,964 22
1,516 86
56.44 p.c.
2.786 c.
1.507 c.
6,666 43
46,054 14
43,42i 50
89,478 64
1,272 16
519 74
752 42
40.85 p.c.
3.313c.
4.139c.
*17,785,967 07
4,052,498 25
4,686,929 48
t8,739,427 73
6,864 11
3,388 82
3,475 29
49.37 p.c.
2.327 c.
0.859 c.
Surplus for Year
Total Surplus
Gross Earnings per Mile ,. . . .
Operating Expenses per Mile .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per Mile
Aver. Rate per Ton per Mile
•Including $2,000,000 transferred to Fund for Permanent Improvements, and Renewals. tTotal
surplus, as above, $8,739,427.73 ; add surplus of Minneapolis Western Ry. Co., $30,959.25 ; of the
Minneapolis Union Ry. Co., $301,039.47 ; and of Park Rapids and Leech Lake Ry. Co., $12,725.56 —
total, $9,084,152.01. Deduct deficit of Seattle and Montana RR. Co., $4,849.93. Surplus, as per
general balance sheet, $9,079,302.08.
12. Statement showing the revenues for the year ended June 30, 1902, of the Great
Northern Ry., and all proprietary companies:
Companies.
Gross
Earnings.
Operating
Expenses.
Taxes.
Income
from
Operation.
Miscellaneous
Income
Received.
Total.
Gt. Nor. Ry. Svs. Proper
Spo. Falls & Nor. Ry. Sys.
Minneapolis Union Ry. .
Minneapolis West. Ry . .
Duluth Terminal Rv
Northern Steamship Co*
Total for System . . .
*
36,032,256 06
1,165,197 04
225,997 75
65,089 80
. 36,232 52
1,333,740 33
S
17,789,164 24
582,29'8 88
53,105 29
35,114 69
22,732 52
1,119,155 80
S
1,239,693 97
30,443 31
1,053 71
1,555 22
S
17,003,397 85
552,454 85
171,838 75
28,419 89
13,500 00
214,584 53
S
2,001,623 50
9,336 62
9,706 63
149 21
$
19,005,021 36
561,791 47
181,545 3*:
28,569 1C
13,500 OC
225,518 88
10,934 30
38,858,513 50
19,601,571 42
1,272,746 21
17,984,195 87J 2,031,750 26
20,015,946 13
*For year ended December 31, 1901.
POOR'S MANUAL GREAT NORTHERN RT. CO.
583
EXPLANATORY NOTE.
DIVIDENDS. — Out of the net income of the companies named the following dividends have been
declared : Eastern Ry. Co. of Minn., $800,000 ; Willmar and Sioux Falls Ry. Co., $350,000 ; Colum-
bia and Red Mountain Ry. Co., $13,220 ; Red Mountain Ry. Co., $9,530 ; Minneapolis Union Ry.
Co., $25,000 ; Northern Steamship Co., $150,000 — total, $1,347,750.
This amount is not included in the " Miscellaneous Income " of the Great Northern Railway as
shown in Sec. 12, but is added to the " Miscellaneous Income " in the General Income Account
(Sec. 6).
DULUTH TERMINAL RY. Co. — This company is the owner of the railway used by the Great North-
ern Ry. to secure entrance into Duluth, and of extensive yards in Duluth. Its stock and bonds are
all owned by the Eastern Railway of Minn. Under the franchise of the Duluth Terminal Ry., its
earnings derived from trackage are limited to 6 p. c. on its stock and bonds ; the interest and divi-
dend paid, amounting to $13,500, are not included in the " Miscellaneous Income " of the Eastern
Railway as shown in Sec. 12.
13. Condensed General Balance Sheet, June 30, 1902.
(Being a consolidation of the general balance sheets of the St. Paul, Minneapolis and Manitoba
Ry. Co., Great Northern Ry. Co., Eastern Ry. Co. of Minnesota, Montana Central Ry. Co., Willmar
and Sioux Falls Ry. Co., Duluth, Watertown and Pacific Ry. Co., Seattle and Montana RR. Co., Park
Rapids and Leech Lake Ry. Co., Minneapolis Union Ry. Co., Minneapolis Western Ry. Co., and
Duluth Terminal Ry. Co. It shows the financial condition of the railway system. The finances of
the Spokane Falls and Northern System and of the Northern Steamship Co. are omitted, as they are
kept separate and distinct from those of the railway system.)
Railway Property.
Cost of St. P., M. & M. Ry $122,449,763 03
Cost of Additions and Improve-
ments made by G. N. Ry. Co., and
paid for from Fund for Perma-
nent Improvements and Renew-
; 4,413,546 17
Total Cost, St. P., M. & M. Ry... $126,863,309 20
Cost of Eastern Ry. of Minnesota.. $26,795,472 36
Cost of Montana Central Ry 15,325,70002
Cost of Willmar & Sioux Falls Ry. 9,026,652 61
Cost of Duluth, Water'n & Pac. Ry. 2,211,201 02
Cost of Seattle & Montana RR 15,444,370 40
Cost of Minneapolis Union Ry 3,154,71182
Cost of Minneapolis Western Ry.... 743,49726
Cost of Park Rap. & Leech Lake Ry. 1,021,841 31
Cost of Duluth Terminal Ry 396,006 56
Total Cost "G. N. Ry. Line" $200,982,762 55
Other Properties, Securities d Investments.
Cost of Stock of L.
Sup. Term. Sf Transf.
Co., owned by E. Ry.
of Minn $15,70000
Cost of Stock of S. C.
& W. Ry. Co. owned
by W. & S. F. Ry. Co. 2,500,000 00
Wls. Cen. Ry. Co. Min-
neapolis Term! nal
Bonds owned by Min-
neapolis Union Ry.Co. 247,600 08
Cost of Properties and
Securities owned by
Great Northern Ry.
Co 122,651,873 57
Total * 125,415,073 57
Less Par Value of Se-
curities owned by G.
N. Ry. Co. and not
shown contra 84,946,85455—40,468,21902
Cost of Securities in bands of Trus-
tee of N. P.-G. N. Joint C. B.
& Q. Bonds as Collateral (1,075,-
772 shares C. B. & Q. Capital Stock
— G. N. Ry. Co. ooe-half owner).. 109,078,509 76
Total Capital Assets $350,629,491 33
Current Assets.
St. P., M. & M. Land Department. . . . 41,170 41
G. N. Ry. and Propr. Companies.... 10,869,959 41
Value of Material and Fuel on Hand. 2,840,716 38
Capital Stock.
Authorized Cap. Stock, G.N.Ry.Ce...$12S,000,000 00
Less Amount held in Treasury as ex-
plained in Sec. 16 , 1,147,00000
G. N. Ry. Stock Issued & Outstand. 123,853,000 00
St. P., M. & M. Stock Outstanding. . 453,600 00
Funded Debt in Hands of Public.
St. P., M. & M. Ry. Co. Bonds $71,329,454 54
Bonds of Proprietary Companies.... 26,646,00000
Proportion of N. P.-G. N. Joint C.
B. & Q. Collateral 4 p. c. Bonds
and Scrip 107,577,20000
Car Trust Notes, East. Ry. of Minn. 117,494 96
Bonds Redeemed Through Sinking Funds.
St. P..M.& M. 1st M. Land Gt. Bonds.
St. P., M. & M. Consol. Mtge. Bonds.
Current Liabilities.
St. P., M. & M. Land Dept. :
Sundry Current Dues
Sink. Fd. Applicable to Redemp.
of Bonds
G.N.Ry. & Prop'y Cos. : Current Dues
Deferred Liabilities.
Accrued Taxes, not due
Bond Interest Accrued, not due
Rental of St. P., M. & M. Ry. and
Eastern Ry. Accrued, not due, Less
Accrued Dividends on Stocks
owned by G. N. Ry. Co
Contingent Liabilities.
Cost of Additions and
Improvements made
by G. N. Ry. Co. to
Property leased from
St. P., M. & M. Ry.
Co., and paid for from
Fund for Permanent
Improvements and
Renewals $4,413,546 17
Unexpended Balance of
Fund for Permanent
Improvements and
Renewals 1,214,411 09
5,928,400 00
3,401,000 '10
10,087 47
31,082 94
6,165,793 85
642,120 34
53,191 66
279,291 00
Total Amount De-
ducted from In-
come to provide
for future Impr. & Renewals.. 5,627,957 26
Fund for Replacement of Equipment. 446,490 77
Insurance Fund 274,108 50
Surplus Funds of Proprietary Cos.
in Hands of G. N. Ry. Co 1,366,963 09
Profit and Loss.
St. P., M. & M. Ry. Co... $1,999,799 07
G. N. & Proprietary Cos.. 9,079,302 08—11,079,101 15
Total Assets $364,281,33753 Total Liabilities $364,281,33753
_Bonds outstanding, $97,975,454.54; outstanding capital stock of Great Northern Ry. Co. and
Mileage of
~«. uu «« i*.t*uu*uQ, %>t/ i ,ir i tst-xts-x.fx , uui£)iauuiLl£ vitJJliai DlUUA. \Ji VJitSHt INOrlUcrU
St. P., M. & M. Ry. Co., $124,306,600 — total capitalization of system, $222,282,054.54.
584
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
track In system, including second, third, fourth, fifth and sixth tracks, covered by above capitaliza-
tion, $5,926.84. Stocks and bonds per mile of main track, $37,504.31. Mileage of main tracks
covered by bonds in hands of public, 4,734.10. Bonded debt outstanding per mile of main track
covered thereby, $20,695.69.
14. Rental St. P., M. & M. Hy. Co. and Eastern Ry. of Minn. — Guaranteed interest
on bonds, $3,471,414.01 ; guaranteed dividends on stock, $1,200,000 ; maintenance of organization,
$6,346.62 — total, for St. P., M. & M. Ry., $4,677,760.63 ; guaranteed interest and dividends on East-
ern Ry. Co. of Minn, bonds and stock, $232,500 — total, $4,910,260.63. Deduct amount received as
dividends paid or accrued on stocks of the St. P., M. & M. Ry. Co. and Eastern Ry. Co. of Minn, owned
by G. N. Ry. Co., $1,332,764. Balance as per income account, $3,577,496.63.
15. Dividends on Great Northern Ry. Stock. — Aug. 1, 1901, li p. c. on $98,716,600;
Nov. 1, 1901, 11 p. c. on $123,730,100; Feb. 1, 1902, 11 p. c. on $123,788; May 1, 1902, 1| p. c.
on $123,817,900. A statement showing the rates and dates of all dividends paid by the company up
to and including that of May, 1898, is in the MANUAL for 1898, page 464. See also MANUAL for
1900, page 563 ; MANUAL for 1901, page 564, and MANUAL for 1902, page 531.
16. Capital Stock. — The authorized share capital of the Great Northern Ry. Co. on June 30,
1902, consisted of 1,250,000 shares of $100 each, a total par value of $125,000,000. Of this amount
there was outstanding $123,853,000, while the remainder was held in the treasury of the company —
$567,000 of it to be exchanged for $453,600 outstanding stock of the St. Paul, Minneapolis and
Manitoba Ry. Co., and $580,000 of it to be issued only to the Great Northern Employees' Investment
Co., Ltd. The share capital originally authorized was in amount $40,000,000, to consist of $20,-
000,000 of 6 p. c. non-cumulative preferred stock and $20,000,000 of common stock. The common
stock was never issued, and by resolution of the stockholders on Oct. 19, 1898, the right to issue
stock of that class was surrendered, it being provided that the capital stock should consist of only
one class, with uniform rights and qualities.
17. Funded Debt. — The Great Northern Ry. Co. is responsible under guaranty, both as to
principal and Interest, for $97,975,454.54 of bonds outstanding in the hands of the public, as
follows :
St. P., M. & M. Ry. Co. ($71,329,454.54) :
2d (now 1st) 6s of Oct. 1, 1909 $7,503,000 00
Dak. Ext. 1st 6s of Nov. 1, 1910.... 5,576,000 00
Consol. 6s of July 1, 1933 13,344,000 00
Consol. 4Js of July 1, 1933 20,176,000 00
Mont. Ext. 4s of June 1, 1937. ...... 10,185,000 00
Pac. Ext. 4s of July 1, 1940 14,545,454 54
Eastern Ry. Co. of Minn. ($9,700,000) :
1st Div. 5s of April 1, 1908 4,700,000 00
No. Div. 4s of April 1, 1948 5,000,000 00
Mont. Central Ry. Co. ($10,000,000) :
1st 6s of July 1, 1937 $6,000,000 00
1st 5s of July 1, 1937 4,000,000 00
Minn. Union Ry. Co. ($2,800,000) :
1st 6s of July 1, 1922 2,150,000 00
1st 5s of July 1, 1922 650,000 00
Minneapolis Western Ry. Co. :
1st 5s of July 1, 1911 500,000 00
Willmar & Sioux Falls Ry. Co. :
1st 5s of June 1, 1938 3,646,000 00
BONDS OF THE ST. PAUL, MINNEAPOLIS AND MANITOBA RY. Co., GUARANTEED BY THE GREAT NORTH-
ERN RY. Co.
Second (now 1st) Mortgage Gold Bonds. — Secured on the following lines: St. Paul to St.
Vincent, Minn., 390.08 m. ; St. Cloud to Sauk Rapids, Minn., 2.13 m. ; Minneapolis Junction to
Breckenridge, Minn., 205.18 m. ; Crookston to Red River, Minn., 23.54 m. ; State Fair Ground Spur,
St. Paul, 0.64 m. ; a total of 621.57 m. of main track, together with 27.88 m. of 2d track, 18.58 m.
of 3d and 4th track, 2.32 m. of 5th track, and 0.72 m. of 6th track. Also secured on the terminals
at St. Paul and at Minneapolis. Principal and interest are guaranteed by the .Great Northern
Ry. Co.
Dakota Extension 1st Mortgage Gold Bonds. — Secured on all lines owned by the company in
North Dakota and South Dakota, including the initial 0.61 mile of the line from Breckenridge,
Minn., to Portland, N. D., and the initial 22.79 miles of the line from Barnesville, Minn., to Neche,
N. D. ; and also secured on the branch from Morris to Browns Valley, Minn. Total length of lines
covered by the mortgage, 1,283.94 miles. The authorized issue is $6,000,000, at the rate of $12,000
per mile of single track. Principal and interest are guaranteed by the Great Northern Ry. Co.
Consolidated Mortgage Gold Bonds. — Secured by first mortgage on the land grant (see Sec. 20)
and on 655.66 m. of railroad in Minnesota not covered by the first (2d) and Dakota Extension
mtges., and secured by second mortgage on the lines covered by those mortgages. The authorized
issue is $50,000,000, of which a sufficient amount is reserved for the retirement of prior liens. The
mortgage provides that the net proceeds of the sale of granted lands, and all money accruing to the
company from any disposition made of the lands, together with the proceeds of sale of any other
lands, machinery, equipment, and other property not needed by the company or unfit for use, shall
be pledged to the payment of interest on the consol. mtge. bonds and to the purchase of those bonds
at the lowest price for which they can be obtained ; but there is no provision for the compulsory
retirement of the bonds before maturity. Principal and interest are guaranteed by the Great
Northern Ry. Co.
Montana Extension Gold Bonds. — These bonds were issued on the line from the Dakota Bound-
ary to Great Falls, Mont. By the terms of the mortgage, however, these bonds are a lien upon all
of the St. P., M. & M. Ry. in the State of Montana. Therefore, to secure the holders of the Pacific
Extension bonds (see next paragraph), $11,502,000 of Montana Extension bonds were issued and
deposited with the trustees of the Pacific Extension bonds. The authorized issue is $25,000,000.
Principal and interest are guaranteed by the Great Northern Ry. Co.
Pacific Extension Sterling Bonds. — £6,000,000 sterling of these bonds were authorized to cover
the line from Pacific June., Mont., to a connection with the Seattle and Montana Ry. Line at Everett,
Wash. ; of these £3,000,000 sterling were sold and are now outstanding. The remaining £3,000,000
sterling are owned by the Great Northern Ry. Co. and are carried among its treasury assets. They
are additionally secured by deposit with the trustee of the Pacific Extension mortgage of $11,502,000
Montana Extension bonds. Principal and interest guaranteed by the Great Northern Ry. Co.
Under date of March 18, 1901, it was announced that the St. Paul, Minneapolis and Manitoba
Ry. Co. had agreed to issue its bonds to the amount of $5,000,000 for the purpose of acquiring
title, to that extent, to the additions and improvements made to its property since the date of the
lease thereof to the Great Northern Ry. Co. (See General Balance Sheet — Cost of St. P., M. & M.
Ry.) These bonds have been acquired during the past fiscal year by the O. N. Ry. Co. and same are
now held in the company's treasury.
Railroad Map of North Dakota, South Dakota and Minnesota.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, •'BANKNOTE NEWYORK'
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual-Railroad Map of the United States, 1903.
NORTH DAKOTA, SOUTH DAKOTA AND MINNESOTA.
Railroad Map of North Dakota, South Dakota£and Minnesota,
H. W. POOR & CO.,
BANKERS,
NEW YORK. BOSTON.
Orders Executed -for all Securities Dealt in at
the New York Stock Exchange.
RAILWAY INVESTMENT
A SPECIALTY.
We are in correspondence with nearly every
Railroad Company in the Country through
our connection with
"FOOR'S MANUAL OF RAILROADS,
which gives us special advantages for in-
formation for the benefit of our customers.
Correspondence Invited. Interest allowed on Deposits, subject to Check at sight,
33 WALL ST., 52 DEVONSHIRE ST.,
NEW YORK. BOSTON.
POOR S MANUAL GREAT NORTHERN RY. CO.
585
BONDS OF PROPRIETARY RAILWAY COMPANIES, GUARANTEED BY THE GREAT NORTHERN RY. Co.
Eastern Ry. Co. of Minn. 1st Division Gold Bonds. — Secured on the so-called first division of
the Eastern Ry. of Minnesota, from Hinckley to Dulutb, Minn., 72.39 miles, and on docks, elevators,
and terminal properties in Duluth and West Superior. Authorized issue, $5,000,000. Principal
and Interest are guaranteed by the St. P., M. & M. Ry. Co.
Eastern Ry. Co. of Minn. Northern Division Gold Bonds. — Secured by first mortgage on the line
from Cloquet to Fosston, Minn., 184.85 miles, and on the line from Nemadji Junction to Cloquet,
Minn., 27.53 miles, and by second mortgage on the property covered by the 1st Division mortgage.
The authorized amount is $15,000,000 ; bonds for $5,000,000 are reserved for the retirement of the 1st
Division bonds, and the remaining $5,000,000 for the following purposes : (1) For the construction or
acquisition of branches at actual cost, but not exceeding $20,000 per mile ; (2) for the construction or
acquisition of terminals and other additions and improvements, but not more than $200,000 to be issued
in any one year for this purpose; and (3) for the acquisition of bonds or stock in any terminal or
transfer railway company, at or near the head of Lake Superior, as more particularly specified in the
mortgage. The bonds may be redeemed as a whole or in part, at 105 p.c. and accrued interest, on any
Interest day after April 1, 1928, on three months' notice. Principal and interest are guaranteed.
Jointly and severally, by the St. P., M. & M. Ry. Co. and the Great Northern Ry. Co.
Montana Central Ry. Co. 1st Mortgage Gold Bonds. — Both series are secured by the same mort-
gage, covering the entire property of the Montana Central Ry. Co. (see statement therefor, in Sec.
22). The amount authorized is $10,000,000. Principal and interest are guaranteed by the Great
Northern Ry. Co.
Minneapolis Union Ry. Co. 1st Mortgage Gold Bonds. — Both classes of bonds are secured by the
same mortgage dated March 1, 1882, and covering the property of the Minneapolis Union Ry. Co.
(see statement therefor in Sec. 22). The amount authorized is $3,000,000. Principal and interest
are guaranteed by the Great Northern Ry. Co.
Minneapolis Western Ry. Co. 1st Mortgage Gold Bonds. — Secured on the property of the Minne-
apolis Western Ry. Co. (see statement therefor in Sec. 22). Authorized issue, $500,000. Principal
and interest are guaranteed by the Great Northern Ry. Co.
Willmar and Sioux Falls Ry. Co. 1st Mortgage Gold Bonds. — Secured on the property of the
Willmar and Sioux Falls Ry. Co. (see statement therefor in Sec. 22). Authorized issue, $3,646,080.
Principal and interest are guaranteed by the Great Northern Ry. Co.
17n. Burlington Joint Bonds. — This company and the Northern Pacific Ry. Co. are
lointly liable for $215,154,400 of 4 p. c. collateral trust bonds and scrip, secured by deposit of
$107,577,200 of the capital stock of the Chicago, Burlington and Quincy RR. Co. Further bonds of
the same Issue, up to a total of $222,400,000, may be issued for acquiring the residue of the stock
of the Chicago, Burlington and Quincy RR. Co. The bonds are dated July 1, 1901, and mature July
1, 1921, but they may be redeemed on any Jan. 1 or July 1 after Jan. 1, 1906, at 105 p. c. and
accrued Interest. This company's proportion of the bonds Is shown as a liability in the general
balanse sheet, but the interest on them does not appear as a charge in the income account as It Is
paid by the Chicago, Burlington and Quincy Ry. Co.
18. Statement of Stoc
Railway Stocks.
ks and Be
Par.
15,000,000
5,000.000
1,500,000
730,000
500,000
43,750
7,000
15,700
nds Oicned
Valuation.
$5,000,000 00
5,000,000 00
1.500,000 00
730,000 00
500,000 00
43,750 00
7,000 00
15,700 00
by the Great Northern
Railway Bonds.
Dul., Watertown A Pac. Ry . . .
Ry. Co.,Ju
Par.
$1.375.000
109,000
ne 30, 1902.
Valuation.
$1.375.000 00
109,00000
Montana Central Ry. Co
Will. A Sioux Falls Ry. Co. ....
Dul., Watert'n A Pac. Ry. Co... .
Other Railway Bonds Own*
Minnesota Transfer Ry
*$1,484,000
!d.
$13,000
1,000,000
£3,000,000
$21,000
500,000
500,000
5,000,000
$3,000
2,000
2,000
$1,484,000 00
413,000 00
900,00000
15.000,000 00
21,000 00
500,000 00
500,000 00
5,000,000 00
St. Paul Union Depot Co
Minnesota Transfer Ry. Co
L. Sup., Ter. ATr. Ry. Co
4
Other Railway Stocks Owned
Minneapolis West. Ry. Co
Great Northern Ry Co
Butte, Anaconda A Pac. Ry . .
St. P.M., A M.Ry., Pac. Ext..
W. AS. F. Ry., IstMtge. ..
$12,7%, 450
$250,000
60,200
13,999,550
19,546.400
11,000,000
5,500,000
490,000
500,000
$12,796,450 00
$250,000 00
48,646 24
11,499,640 00
24,433,000 00
11,000,000 00
5,500,000 00
490,000 00
500,000 00
Park Rapids A L. L., 1st Mtge..
Dul., Sup. A West. 1st Mtge . . .
St. P., M. A M, Ry. Imp. Bondi
Other Bonds.
Town of Hutchinson
Seattle A Montana RR
St. Paul, Minn., A Man. Co
$21,934,000 00
$3,000 00
2,000 00
2,000 00
Will. A Sioux Falls Ry. Co
Butte Anac A P Ry Co . ...
Park Rap. A Leech L. Ry. Co. . .
Total Other Ry. Stocki
Other Stocks.
Northern Steamship Co
Climax Coal Co
Town of Minnesota Fall*
$51.346,150
*$1.500,000
* 149,000
*5,800
65,000
200,000
$53,721,286 24
$1,500,000 00
149,000 00
5,800 00
65.000 00
200,000 00
*$7,000
$3,000
2,000
1,000
939,000
$7,00000
$2,700 00
1,800 00
90000
939,00000
Fort Benton Bridge Co
John O'Brien Lumber Co
Dul and Sup Bridge Co
Town of Leaf River
Total
$1,919,800
$4,761.600 1
4.381.000 t"
$1,919,800 00
$6,730,725 57
Totals
Spokane Falls A No. System:
Stock
$945,000
nds. . . .
$944,400 00
Grand Total Stocks and Bo
Bonds. . .
$99.537.261 81
• These were acquired from the St. Paul, Minn. & Man. Ry. Co., as subscription toward the capi-
tal stock of this company, the same being for the benefit of the St. P., M. & M. stockholders.
19. Other Properties, Securities, and Investments. — The following are the " securi-
ties owned by the Great Northern Ry. Co. and not shown contra," the par value of which is deducted
on the general balance sheet from the assets item " Other Properties, Securities and Investments " :
Entire capital stock. Eastern Ry. Co. of Minn.. $16,000,000 ; entire capital stock, Montana Central
Ry. Co., $5,000,000 ; entire capital stock, Willmar and Sioux Falls Ry. Co., $7,000,000 ; entire
capital stock, Seattle and Montana RR. Co., $14,000,000 ; entire capital stock, Park Rapids and
Leech Lake Ry. Co., $500,000 ; entire capital stock, Minneapolis Union Ry. Co., $500,000 ; entire
586
POOR 8 MANUAL OF RAILROADS — NORTHWESTERN GROUP.
capital stock, Minneapolis Western Ry. Co.. $250.000 ; entire capital stock, Dulutb, Watertown and
Pacific Ry. Co., $730,000 ; entire issue of bonds, Duluth, Watertown and Pacific Ry. Co., $1,375,-
000; entire issue of bonds, Park Rapids and Leech Lake Ry. Co., $500,000; $195,464 shares of
capital stock, St. Paul, Minneapolis and Manitoba Ry. Co.. $19,546,400 ; £3,000,000 Pacific Exten-
sion mtge. bonds, St. Paul, Minneapolis and Manitoba Ry. Co., $14,545,454.55 ; entire issue, St.
Paul, Minneapolis and Manitoba Ry. Co.'s Improvement Bonds, $5,000,000 — total, $84,946,854.55.
2O. Land Department. — Report of the Minneapolis and St. Cloud Land Grant for year end-
ing June 30, 1902 : Total grant, 425,664 acres ; total acreage deeded to company, 425,660.90 acres.
Total acreage sold to June 30, 1902, including adjustments on account of previous years, 402,609.78
acres ; value of same, $1,290,560.20 ; average price per acre, $3.21. Remaining unsold, June 30,
1902, 23,054.22 acres. During the past fiscal year, 281,228.19 acres were sold for $495,686.32,
being an average of $1.76 per acre. Receipts of Land Department during the fiscal year amounted
to $545,751.71. Disbursements during the same period were $6,124.77. Amount of deferred pay-
ments due the company, and bearing 6 and 7 p. c. interest, $459,071.09. The report of operation
of the St. P., M. & M. Ry. Land Department will be found in the statement for that road appended
hereto.
21. RAILROADS LEASED AND OPERATED BY THE GREAT NORTHERN RY. Co.
EASTERN RY. OP MINN Coon Creek
June., Minn., to West Superior, Wis., 134.11 m. ;
in Duluth, Minn., 0.38 m. ; Cass Lake to Foss-
ton, Minn., 69.77 m. ; Saunders to Pokegama
June., Wis., 2.12 m. ; Nemadji June., Wis., to
Cass Lake, Minn., 152.61 m. ; Swan River to Vir-
ginia, Minn., 51.46 m. ; Stony Brook June, to
Ellis, Minn., 46.49 m. ; Clark Mine Spur, 0.61 m. ;
Stevenson Mine Spur, 3.31 m. ; Sandstone to
Kettle River, Minn., 2.61 m. ; Swan River to
Mississippi River, Minn., 6.24 m. ; Barclay June,
to Dewey Lake, Minn., 10.12 m. — total, 469.83 m. ;
2d track, 25.49 m. ; total track (steel), 666.72 miles.
HISTORY. — Organized Aug. 13, 1887, under the
charter of the Minneapolis and St. Cloud RR.
Co. ; road from Hinckley to West Superior opened
Sept. 23, 1888. (See MANUAL for 1902, page 536.)
The Swan River Logging Ry. was purchased on
Jan. 6, 1902. On May 1, 1902, the properties of
this company were leased for 99 years to the
Great Northern Ry. Co., at a rental of the inter-
est on the bonded debt and dividends at the rate
of 6 p. c. per annum on the capital stock. The
entire capital stock is owned by the lessee. The
company owns valuable docks, elevators, ware-
houses, etc., in West Superior and Duluth, and
owns the stock and the bonds of the Duluth Ter-
minal Ry. Co. and of the Park Rapids and Leech
Lake Ry. Co.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $16,000,000; funded debt (see
Sec. 17), $9,700,000; equipment trust notes, cover-
ing 600 cars, $117,495 ; G. N. Ry. advances for
construction, $326,555 ; interest accrued, not due,
$108,750 ; dividends accrued, not due, $160,000 ;
taxes accrued, not due, $50,185 ; current accounts,
$597,911 ; renewal fund, $240,683 ; profit and loss,
$556,833 — total, $27,858,612. Contra : Cost of road
and equipment, $24,895,784 ; securities owned,
$240,700; elevators, $1,899,689; materials, etc.,
$1,165 ; bills receivable, $503,641 ; current accounts
and balances, $317,433— total, $27,858,612.
CORPORATE OFFICERS. — Louis W. Hill,
Pres., St. Paul, Minn. ; D. M. Philbin, Vice-
Pres., West Superior, Wis. ; E. Sawyer, Sec. &
Treas. ; J. G. Drew, Comptroller, St. Paul, Minn.
Office, St. Paul, Minn.
Diilnth Terminal Ry. — In Duluth, Minn.,
1.82 m. ; total track (steel; 75 Ibs.), 5.48 miles.
Organized Aug. 11, 1887. The company supplies
tracks for terminal facilities to other roads.
Income, year ending June 30, 1902, $36,233. Ex-
penses and taxes, $17,072. Net earnings, $19,161.
Paid interest on bonds, $10,500 ; other interest
and exchange, $5,661; dividends (6 p. c.), $3,000
— total, $19,161. Balance Sheet, June 30, 1902. —
Capital stock ($100 shares), $50,000; funded debt
(1st 6s of 1909), $175,000; interest accrued not
due, $1,750 ; fund for renewals, $42,874 ; advances
account construction for which bonds may be
issued, $171,007 — total, $440,631. Contra: Cost of
property, $396,007 ; current assets, $44,624 — total, ;
$440,631. The stock and bonds are owned by the j
Eastern Ry. Co. of Minn. Louis W. Hill, Pres. ;
R. I. Farrington, Vice-Pres. ; E. Sawyer, Treas.
& Sec., St. Paul, Minn. Office, St. Paul, Minn.
PARK RAPIDS AND LEECH LAKE RY.
— Park Rapids to Cass Lake, Minn., 49.04 m •
total track (steel, 49.04 m.), 56.19 miles
HISTORY. — Chartered Oct. 5, 1897; road
opened May 1, 1899. Leased to the Great North-
ern Ry. Co., from date of opening, the lease to
run from year to year until cancelled on 60 days'
notice by either party ; rental, $61,000 a year
INCOME ACCOUNT.— Receipts, year ending
June 30, 1902, $61,867. Payments: Interest on
bonds, $25,000; dividends (7 p. c.), $35,000- in-
terest and exchange, $867 — total, $60,867. Surplus.
$1,000.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), 5500,000; funded debt (1st 5s
of May 1, 1928), $500,000; interest accrued, not
due, $4,167; current liabilities, $1,956; advances
for construction, $17,447 ; profit and loss $8 559
total, $1,032,129. Contra : Cost of road and equip-
ment, $1,021,841 ; current assets, $10,287 — total, $1,-
032,128. The capital stock and the 1st mtge. bonds
are all owned by the Great Northern Ry. Co.
CORPORATE OFFICERS. — Louis W. Hill,
Pres. ; M. D. Grover, 1st Vice-Pres. ; E. Sawyer,
Sec. & Treas. ; J. G. Drew, Compt, St. Paul
Minn. Office, St. Paul, Minn.
ST. PAUL, MINNEAPOLIS AND MANI-
TOBA RY — The length of lines owned on June
30, 1902, was 3,799.19 miles, as follows:
Miles.
St. Paul to St. Vincent via Barnesv., Minn. 390.07
State Fair Ground Spur, Minn 0.64
Elk River to Milaca. Minn 31.80
Osseo Jc. to St. Cloud, Minn., inc. No. "Y" 63.33
Willmar June, to Hinckley, Minn 122.08
East St. Cloud to Sauk Rapids, Minn 2.13
North St. Cloud Branch, Minn 2.53
Sauk Centre to Park Rapids, Minn 90.96
Evansville to Yarmouth, Minn 32.03
Fergus Falls to Pelican Rapids, Minn 21.65
Shirley to St. Hilaire, Minn 21.55
Red Lake Falls to Thief Riv. Falls, Minn. 17.72
Minn. Jc. to Larimore, N. D., via Portland. 340.24
Spring Park June, to Hutchinson. Minn... 43.91
Hutchinson June, to Hopkins, Minn 3.44
Benson, Minn., to Watertown, So. Dak 91.62
Morris to Brown's Valley, Minn 46.68
Yarmouth, Minn., to Ellendale, N. D 104.32
Rutland June., N. D., to Aberdeen, So. Dak. 64.00
Wahpeton, N. D., to Moorhead, Minn 42.91
Moorhead June, to Carman, Minn 66.59
Addison West Line, N. D 11.78
Casselton Jc. via Maryv. to Portl'd JC..N.D. 47 03
Ripon to Aneta, N. D 67.87
Barnesville Jc., Minn., to Gd.Forks Jc.,N.D. 98.14
Alton, N. D., to Halstad, Minn 8.50
Grand Forks, N. D., to Boundary Line.... 80.94
Graf ton to Walhalla, N. D 47.84
Carman to Fosston, Minn 46.0$
Crookston Jc., Minn., to So. Side Sun Riv.,
Mont 786.21
Park River to Hannah, N. D 94.94
Rugby June, to Bottineau, N. D 38.66
Churches Ferry to St. Johns, N. D 55.21
Johnstown Jc.,Mont., to Jc.Sand Coulee Br. 3.10
West Side Branch from Great Falls, Mont. 5.04
Pacific June., Mont, to Everett, Wash 817.86
POOR'S MANUAL — GREAT NORTHERN RY. CO.
58?
Total length of lines, 3,799.39 m. ; 2d track, 30.61
m. ; 3d track, 9.28 m. ; other main tracks, 13.05
m. ; sidings, 719.99 m. ; total track (steel, 3,765.92
m.), 4,572.12 miles.
HISTORY. — Organized May 23, 1879, and pur-
chased at foreclosure sale the several lines of the
St. Paul and Pacific RR. (1st Div.) Co., and their
northern extensions (see MANUAL for 1898, page
466). The property is leased to the Great North-
ern Ry. Co., for 999 years, from Feb. 1, 1890, the
lessee assuming this company's funded debt and
guaranteeing dividends of 6 p. c. gold per annum
on the capital stock. The Great Northern Ry.
Co. having acquired substantially all of the cap-
ital stock of this company, the general balance
fcheet, Sec. 12, includes the property, assets, capi-
tal and liabilities of this company, and presents
a complete statement of the property, capitaliza-
tion and finances of what is known as the Great
Northern Railway Line. But all items have been
so entered as to readily permit comparison to be
made with the balance sheets published in the
reports of former years. The funded debt of the
company is described in Sec. 17.
LAND GRANT. — The company's land grant (10
sections per mile) aggregated 3,848,000 acres, of
which 3,479,611.36 acres have been certified. Total
acreage deeded to the company prior to June 30,
1902, 3,220,760.30, less decreed to the Northern Pa-
cific by U. S. Supreme Court, March 2, 1891,
365,860.92 acres ; decreed to Northern Pacific in
accordance with terms of settlement of Nov. 1,
18U7, 48,916.08 acres ; redeemed to U. S., 3,330.02
acres ; leaving net acreage deeded, 2,802,653.23.
Total sales to June 30, 1902, 2,967,261.17 acres ;
contracts cancelled, 303,738.92 acres ; net sales,
2,663,522.25 acres. Lands unsold June 30, 1902,
816,089.11 acres. This will be reduced by about
600.000 acres, on final adjustment with the Gov-
ernment, owing to sales and other disposals of
land within the limits of the grant prior to the
time at which the company's right attached.
Sales, year ending June 30, 1902, 124,179.99 acres
for $1,129,277.71, an average of $9.09 per acre.
There were also sold 819 town lots for $15,003.20,
an average of $18.32 per lot. Cash receipts for
year, including interest, etc., $1,244,079.09. Ex-
penses, $65,686.36. Net receipts, $1,178,392.74. De-
ferred payments due company bearing interest
at 7 and 6 p. c., $3,277,487.25. Under an act of
Congress, approved Aug. 5, 1892, the company has
reconveyed to the United States a total of 63,-
477.92 acres of lands lying within the limits of
the grant on the Dakota side of the Red River,
but which had been disposed of by the General
Land Office to settlers and others. In lieu of
such lands the company is authorized to locate
an equivalent area elsewhere. UD to June 30,
1902, 55,242.20 acres had been selected in lieu of
the lands surrendered, and the rest was in pro-
cess of adjustment with the Government. There
were sold during the year from the Dakota
grant 172.95 acres, for $3,507.05, an average of
$20.27 per acre. Receipts during year, $28,892.65.
Expenses, $3,133,49.
CORPORATE OFFICERS. — Louts W. Hill,
Pres., St. Paul, Minn. ; Lord Strathcona and
Mount Royal, Vice-Pres., Glencoe, Scotland ; R.
I. Farrington, 2d Vice-Pres. ; E. Sawyer, Sec. &
Asst. Treas., St. Paul, Minn. ; E. T. Nichols,
Treas. & Asst. Sec., New York, N. Y. Offices, St.
Paul, Minn., and 32 Nassau St., New York, N. Y.
SEATTLE AND MONTANA RR Seattle,
Wash., to New Westminster, B. C., 146.42 m. ;
Anacortes to Rockport, Wash., 54.42 m. ; Sedro
Branch, 3.82 m. — total (steel), 204.66 m. ; total
track, 251.18 miles. The line is operated by the
Great Northern Ry. Co.
HISTORY.— Chartered March 28, 1898; road
opened on Nov. 27, 1891 (see MANUAL for 1902,
page 526). The line of the Seattle and Northern
Ry. Co., Anacortes to Rockport, Wash., 54.42
miles, was acquired Feb. 1, 1902, at a cost of
$1,500,000. For this purpose, the capital stock of
this company was increased from $12,500,000 to
$14,000,000. The entire capital stock is owned by
the Great Northern Ry. Co. This company owns
one-half of the capital stock and a majority of
the certificates of indebtedness of the Portland
and Puget Sound RR. Co., a company organized
to build a line from Seattle, Wash., to Portland,
Ore.
CORPORATE OFFICERS. — Louis W. Hill,
Pres. ; Thomas Burke, Vice-Pres. ; E. Sawyer,
Sec. & Treas., St. Paul, Minn. Office, St Paul,
Minn.
22. PROPRIETARY RAILROADS WHOSE STATISTICS ARE INCLUDED IN THE REPORT OF THE
GREAT NORTHERN RY. Co.
DULUTH, WATERTOWN AND PACIFIC
RY. — Watertown to Huron, S. D., 69.84 m. ; to-
tal track (steel, 69.84 m.), 73.92 miles. Rail,
66 Ibs.
HISTORY. — Organized Sept. 30, 1885; road
opened Sept. 11, 1888. The Great Northern Ry.
Co. owns all the stock and bonds of this com-
pany. The results from operation for the year
ending June 30, 1902, are shown in Sec. 9 of the
Great Northern statement.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $730,000; funded debt (1st
gold 6s of June 1, 1938), $1,375,000; current lia-
bilities, $1,082,347 ; accrued interest, $6,875 — total,
$3,194,222. Contra : Cost of road, $2,211,201 ; profit
and loss, $983,021 — total, $3,194,222.
CORPORATE OFFICERS. — Louis W. Hill,
Pres. ; R. I. Farrington, Vice-Free. ; E. Sawyer,
Sec. & Treas., St. Paul, Minn. Office, St. Paul,
Minn.
MINNEAPOLIS UNION RY University
Switch, East Minneapolis, to First Street, Minne-
apolis, Minn, (double track), -.63 m. ; total track
(steel; 75 Ibs.), 10 miles.
HISTORY. — Organized Nov. 28, 1881; opened
bridge over the Mississippi River, Sept. 1, 1884.
The business of the company is to supply depot
and terminal facilities to other companies. The
property is now used by the Great Northern Ry.,
the Northern Pacific Ry. Co., the C., St. P., M. *
O. Ry., the C., B. & Q. RR., and the Wisconsin
Central Lines.
INCOME ACCOUNT, year ending June 30, 1902.
— Rentals, $219,785 ; other receipts, $15,919 — total,
$235,704. Payments : Expenses and taxes, $54,159 ;
interest on bonds, $161,500; dividends (5 p. c.),
$25,000 — total, $240,659. Deficit, $4,954.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in ($1,000,000 auth. ; $100 shares), $500,-
000; funded debt (see Sec. 17), $2,800,000; current
liabilities, $82,812 ; profit and loss, $301,039 — total,
$3,683,851. Contra: Cost of road, $3,154,712; se-
curities of other companies, $247,500 ; other as-
sets, $281,639— total, $3,683,851.
CORPORATE OFFICERS. — Louis W. Hill,
Pres. : R. I. Farrington, Vice-Pres. ; Edward
Sawyer, Sec. & Treas. ; J. G. Drew, Compt, St.
Paul, Minn. Office, St. Paul, Minn.
MINNEAPOLIS WESTERN RY In Min-
neapolis, Minn., 1.69 m. ; trackage, Great North-
ern Ry., in Minneapolis, Minn., 0.34 m. — total
operated, 2.03 m. ; total track owned ( steel ; 68
and 75 Ibs.), 6.73 miles.
HISTORY. — Chartered Nov. 1, 1888. This com-
pany performs a general switching and transfer
service ; has dirnct connection with G. N.
Ry.. C., M. & S. P. Ry., C. G. W. Ry., and with
all other lines into Minneapolis, via Great North-
ern Ry. Locomotives, 2.
INCOME ACCOUNT, year ending June 30, 1902.
— Gross earnings, $65,239. Operating expenses,
$38,196. Net earnings, $27,043. Paid interest on
bonds, $25,000. Surplus, $2,043 ; surplus forward,
$28,916 ; net surplus, $30,959.
BALANCE SHEET. June 30. 1902.— Capital
stock ($100 shares), $250,000; funded debt (see
POOR'S MANUAL OP RAILROADS — NORTHWESTERN GROUP,
Sec. 17), $500,000 ; accrued taxes, not yet payable,
$811; current liabilities, $17,502; profit and loss,
130,969 — total, $799,272. Contra : Cost of road,
$743,497 ; materials, $638 ; cash and current assets,
$55,136— total, $799,272.
CORPORATE OFFICERS. — Louis W. Hill,
Pres. ; R. I. Farrington, Vice-Pres. ; E. Sawyer,
Sec. & Treas., St. Paul, Minn. Office, St. Paul,
Minn.
MONTANA CENTRAL RY — Great Falls to
Helena, Mont, 96.69 m. ; Lewis June, to Stockett,
5.21 m. ; Helena to Butte, 72.53 m. ; Great Falls to
Sand Coulee, 14.53 m. ; Allen to Neibart, 56.24 m. ;
Monarch to Barker, 10.79 m. ; Red Mountain
Branch at Helena, 1.14 m. ; branch to Mountain
View Mines near Butte, 3.38 m.— total. 260.51 m. :
total track (steel, 260.51 m.), 316.03 miles. Rail,
60, 68, 75, 77} and 80 Ibs. Company has trackage
rights over 4.05 m. of the Great Northern Ry.
from Sun River to Junction with Sand Coulee
Branch ; total line operated, 264.56 miles.
HISTORY. — Organized Jan. 25. 1866. The
branch from Lewis June, to Stockett was opened
in 1898 ; the main line and the other branches,
from 1887 to 1893. (See MANUAL for 1893, page
290.) Controlled by the Great Northern Ry. Co.,
through ownership of the entire capital stock.
The operations for the year ending June 30, 1902,
arc shown in Sec. 13 of the Great Northern state-
ment.
General Balance Sheet, June 30, 1902.
Capital Stock (par, $100) $5,000,00000
Funded Debt (see Sec. 17) 10,000,00000
Current Liabilities 419,94499
Taxes Accrued, not Due 27,500 00
Fund for Replacement of Equipment 52,826 42
Advances Acct. of Construction 325,70002
Profit and Loss 230,40636
Total Liabilities $16,056,377 79
Cost of Road and Equipment $15,325,70002
Materials and Supplies on Hand 90,385 86
Current Accounts 592,90051
Cash on Hand 47,39140
Total Assets $16,056,37779
ROLLING STOCK. — Locomotives, 34. Cars —
passenger, 13 ; baggage, mail, and express, 6 ;
freight ( box, 100 ; stock, 50 ; ore, 500 ; flat and
coal, 799; ballast with coal sides, 400), 1,849;
service, 43 — total, 1,910.
CORPORATE OFFICERS. — Louis W. Hill,
Pres. ; M. D. Grover, Vice-Pres. ; E. Sawyer,
Sec. & Treas. ; J. G. Drew, Compt., St. Paul,
Minn. Office, St. Paul, Minn.
\\ IM.M \ll AND SIOUX PALLS RY
Willrnar, Minn., to Sioux City, la., 223.76 m. ;
South Sioux City to O'Neill, Neb., 129.16 m. ; Gar-
retson to Yankton, S. D., 80.49 m. — total, 433.41
m. ; total track, 482.35 miles. Rail (steel, 433.34
m.), 56, 60 and 75 Ibs. The company leases 3.32
m. of line between Sioux City, la., and South
Sioux City, Neb., making the total length oper-
ated 436.73 miles.
HISTORY. — Chartered March 3, 1886 ; road
opened from Willmar, Minn., to Yankton, S.
D., 205.25 m., on Nov. 1, 1893. On Jan. 1,
1900, the company acquired the Sioux City and
Northern RR. (Garretson, S. D., to Sioux City,
la., 96 m., and the Sioux City and Western Ry.
(South Sioux City to O'Neill, Neb., 129.16 m.),
and on April 1, 1900, acquired (he Sioux Falls
Terminal RR., 3.02 miles. The company is con-
trolled by the Great Northern Ry. Co., through
ownership of the entire capital stock. The oper-
ations for the year ending June 30, 1902, are
shown In Sec. 13, of the Great Northern state-
ment.
ROLLING STOCK. — Locomotives, 16. Cars —
passenger, 12; baggage, etc., 3: freight (box, 766;
stock, 100; refrigerator, 50; flat, 155), 1,071; serv-
ice, 12 — total, 1,098.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $7,000,000; funded debt (see
Sec. 17), $3,646,000; other liabilities, $519,195;
taxes accrued, $32,759 ; interest accrued, $15,192 ;
equipment replacement fund, $7,631 ; profit and
loss, $422,479 — total, $11,643,256. Contra: Cost
of road, $8,638,143 ; equipment, $388,410 ; securities
of other companies, $2,500,000 ; real estate, $100 ;
materials, etc., $45,198 ; current accounts, $22,849 ;
cash, $48,555 — total, $11,643,256.
CORPORATE OFFICERS. — Louis W. Hill,
Pres. ; R. I. Farrington, Vice-Pres. ; E. Sawyer,
Sec. & Treas. ; J. G. Drew, Comptroller, St.
Paul, Minn. Office, St. Paul, Minn.
2G. PBOPBIETABY RAILROADS WHOSE STATISTICS ARE NOT INCLUDED IN THE REPORT OF
THE GREAT NORTHERN RY. Co.
COLUMBIA AND RED MOUNTAIN RY.
— Northport, Wash., to International Boundary,
7.47 miles. Rail (steel), 56 and 80 Ibs.
HISTORY. — Chartered Jan., 1895 ; road opened
Dec., 1896. The company owns 1 passenger and
19 freight cars, and owns jointly with the Red
Mountain Ry. Co. 1 locomotive and 1 caboose
car.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 4,503; freight, 8,553),
13,056 miles. Passengers carried, 19,384 ; carried
one mile, 133,816. Tons freight moved, 242,573 ;
ton-miles, 1,798,522. Earnings (passenger, $10,-
876; freight, $62,763; other, $1,314), $74,953. Oper-
ating expenses, $43,108. Net earnings, $31,845;
other receipts, $159 — total, $32,004. Payments : In-
terest on bonds, $17,460 ; taxes, $1,736 ; dividends
(5 p. c.), $13,220 — total, $32,416. Deficit, $412. Sur-
plus forward, $1,219. Net surplus, $807.
BALANCE SHEET, June 30, 1902. — Capital
stock, $2«4,400; funded debt (1st 6s of 1916), $291,-
000 ; current and other liabilities, $12,937 ; profit
and loss, $807 — total, $569,144. Contra : Cost of
road, $568,648 ; other assets, $10,496 — total, $569,-
144. The Great Northern Ry. Co. owns both the
stock and the bonds.
CORPORATE OFFICERS. — W. H. Thompson,
Pres., Seattle, Wash. ; H. A. Kennedy, Vice-Pres.,
Spokane, Wash. ; E. Sawyer, Treas., St. Paul,
Minn. ; A. M. Thomas, Sec., Spokane, Wash. Of-
fices, Spokane, Wash., and 32 Nassau St., New
York, N. Y.
NELSON AND FORT SHKPPARD RY.—
International Boundary Line to Troup June., B.
C., 64.7 m. ; trackage, C. P. Ry., Troup. June, to
Nelson, B. C., 4.7 m. ; total operated, 59.4 miles.
Sidings, etc., 3.44 miles. Rail (steel), 56 Ibs.
HISTORY. — Chartered April, 1891 ; road opened
Dec., 1893. An extension of the Spokane Falls
and Northern Ry. The company owns one ca-
boose car.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 41,010; freight, 19,818),
60,828 miles. Passengers carried, 21,552; carried
one mile, 692,905. Tons freight moved, 54,589 ;
ton-miles, 2,681,732. Earnings ( passenger, $43,959 ;
freight, $93,433; other, $3,766), $141,158. Oper-
ating expenses, $115,308. Net earnings, $25,850 ;
other receipts, $749 — total, $26,599. Payments : In-
terest on bonds, $77,580 ; taxes, $1,145 — total, $78,-
725. Deficit, $62,125; deficit forward, $198,624 —
total, $250,749.
BALANCE SHEET, June 30, 1902. — Capital
stock, $1,500,000; funded debt (1st 6s of 1943; $1,-
500,000 auth.), $1,293,000; bonds redeemed, $40,-
000 ; interest accrued, not due, $38,790 ; taxes ac-
crued, $568; current liabilities, $60,220 — total,
$2,932,578. Contra : Cost of road, $2,670,413 ; cur-
rent assets, $11,416; profit and loss, $250,749 — to-
589
tft!, $2,932,578. The Great Northern Ry. Co. owns
both the stock and the bonds.
CORPORATE OFFICERS. — W. H. Thompson,
Pres., Seattle, Wash. ; H. A. Kennedy, Vice-Pres.,
Spokane, Wash. ; E. Sawyer, Treas., St. Paul,
Minn. ; A. M. Thomas, Sec., Spokane, Wash. Of-
fices, Spokane, Wash., and 32 Nassau St., New
York, N. Y.
RED MOUNTAIN RY International Boun-
dary to Rossland, B. C., 9.53 m. ; total track
(steel ; 56 and 80 IDS.), 12.97 miles.
HISTORY. — Chartered April, 1893 ; road opened
Dec., 1896. An extension of the Columbia and Red
Mountain Ry.
ROLLING STOCK. — The company owns 1 pas-
senger and 18 freight cars, and owns jointly with
the C. & R. M. Ry. Co., 1 locomotive and 1 ca-
boose car.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 5,731; freight, 10,931),
16,662 miles. Passengers carried, 19,384 ; carried
one mile, 181,676. Tons freight moved, 242,573 ;
ton-miles, 2,289,028. Earnings (passenger, $11,-
782; freight, $67,993; other, $2,627), $82,402. Op-
erating expenses, $61,375. Net earnings, $21,027 ;
other receipts, $177 — total, $21,204. Payments :
Interest on bonds, $13,020 ; taxes, $241 ; dividend
(5 p. c.), $9,530— total, $22,091. Deficit, $1,587.
Surplus forward, $2,219. Net surplus, $632.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $190,600; funded debt (1st 6s
of 1916; $238,250 auth.), $217,000; interest ac-
crued, not due, $6,510 ; taxes accrued, $340 ; cur-
rent liabilities, $34,070 ; profit and loss, $632 — to-
tal, $449,152. Contra : Cost of road and equip-
ment, $442,642 ; cash on hand, $6,510 — total, $449,-
152. The Great Northern Ry. Co. owns both the
stock and the bonds.
CORPORATE OFFICERS. — W. H. Thompson,
Pres., Seattle, Wash. ; H. A. Kennedy, Vice-Pres.,
Spokane, Wash. ; E. Sawyer, Treas., St. Paul,
Minn. ; A. M. Thomas, Sec., Spokane, Wash. Of-
fices, Spokane, Wash., and 32 Nassau St., New
York, N. Y.
SPOKANE FALLS AND NORTHERN RY.
— Spokane, Wash., to International Boundary,
131.83 m. ; trackage, G. N. Ry., East Spokane to
S. F. & N. June., 8.77 m. ; total operated, 140.6
miles. Sidings owned, 12.49 miles. Rail (steel),
56 Ibs.
HISTORY. — Chartered April 4, 1888; road
opened throughoufon June 26, 1893.
ROLLING STOCK. — Locomotives, 11. Cars —
passenger, 10; baggage, etc., 6; freight (box, 56;
flat, 129; stock, 5; ore, 25; refrigerator, 4), 219;
service, 4 — total, 239.
OPERATIONS, year ending June 30, 1902. —
Trains run (passenger, 103,303; freight, 78,424),
181,727 miles. Passengers carried, 89,508 ; carried
one mile, 6,433,679. Tons freight moved, 398,436 ;
ton-miles, 22,466,159. Earnings (passenger, $297,-
401 ; freight, $525,467 ; mail and express, $33,621 ;
other, $10,195), $866,684. Operating expenses, $362,-
508. Net earnings, $504,176 ; other receipts, $9, -
336 — total, $513,512. Payments : Interest on bonds,
$168,720 ; taxes, $27,322 ; sundries, $1,085 — total,
$197,127. Surplus, $316,385 ; surplus forward, $133,-
442 — total, $449,827.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $2,812,000; funded debt (1st
6s of 1939), $2,812,000; interest accrued, not due,
$88,379 ; taxes accrued, $21,487 ; current liabilities,
$246,979 ; profit and loss, $449,827 — total, $6,430,-
672. Contra : Cost of road and equipment, $5,-
691,890; materials, etc., $38,280; bills receivable,
$485,638 ; cash and current assets, $214,864 — total,
$6,430,672. The Great Northern Ry. Co. owns
both the stock and the bonds.
CORPORATE OFFICERS.— L. W. Hill, Pres.,
St. Paul, Minn. ; H. A. Kennedy, Vice-Pres., Spo-
kane, Wash. ; E. Sawyer, Treas., St. Paul, Minn. ;
A. M. Thomas, Sec., Spokane, Wash. Offices,
Spokane, Wash., and 32 Nassau St., New York,
N. Y.
24. Board of Directors, Great Northern Ry. Co., elected Oct. 9, 1902.
Term expires in Oct., 1903.
Edward Sawyer. St. Paul.Minn.
M. D. Grover. . .
R. I. Farrington. "
Term expires in Oct., 1904.
Wm. B. Dean... St. Paul, Minn.
James N. Hill..
H. W. Cannon... New York.N.Y.
Term expires in Oct., 1905.
James J. Hill... St. Paul, Minn.
F. Weyerhaeuser. "
Louis W. Hill..
JAMES J. HILL, President St. Paul, Minn.
Louis W. Hill, Asst. to President " "
James N. Hill, ' V ice-President " "
R. I. Farrington, 2d V 'ice-President " "
E. T. Nichols, 3d Vice-Pres. d Sec New York, N. Y.
J. W. Blabon, 4th V 'ice-President St. Paul, Minn.
Treas. & Asst. Sec. — E. Sawyer. ..St. Paul, Minn. | Comptroller. — J. G. Drew St. Paul, Minn.
Asst. Sec. & Asst. Treas. — N. Terhune New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
IOWA CENTRAL RAILWAY COMPANY.
(For map of this road see page 591.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 9
Directors and Officers 12
Earnings, Exp., etc., 1902-3.6, 6a
Earnings, Exp., etc., 1896-1902. 8
Funded Debt, Details of 10
Gen. Bal. Sheet, June 30, 1902. 7
History 1
Income Acct., June 30, 1902. . 6
Income Account, 1896-1902... 8
Iowa Cent. & West., Lease of 3
Kelthsburg Bridge Purchase. 4
Lease of I. C. & W. Ry 3
Leased Line, Statement of. . 11
Mileage Oper'd, June 30,1902. 2
Operations and Inc., 1896-1902. 8
Rolling Stock s
Supplementary Inc. Acct 6a
1. History. — Reorganization in 1888 of the Central Iowa Ry. Co. (see MANUAL
for 1890, page 512). Under date of Aug. 1, 1881, the company leased its line" of road
from Manly Junction to Northwood, la., a distance of 11 miles, to the Burlington,
590 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
Cedar Rapids and Northern RR. Co., for a term of 25 years, at an annual rental of
$14,000. Subsequently, by order of the courts, the company was required to continue
to operate its trains over that portion of its line, but, under the terms of the lease,
the receipts from such train service accrued to the lessee. In view of this unsatisfactory
condition and the advantage of owning or controlling a line of road to Albert Lea,
Minn., where connection is had with the Minneapolis and St. Louis RR., Illinois Central
RR., and Chicago, Milwaukee and St. Paul Ry., the lease above referred to was abrogated
and a new agreement entered into, under date of July 1, 1901, with the Burlington,
Cedar Rapids and Northern Ry. Co., which provides for the joint and equal use, in
perpetuity, of that portion of the company's line of road from Manly Junction to
Xorthwood, la., and of about 16.7 miles of the Burlington, Cedar Rapids and Northern
Ry. Go's, line of road, from Northwood, la., to Abert Lea, Minn.
2. Mileage Operated, June 30, 1902 (owned, 491.63 miles).
Main Line: Iowa Junction, 111., to Manly Junction, la 340.92 m les.
Albia Branch: Oskaloosa to Albia, la 23.50
Newton Branch: New Sharon to Newton, la 27.75
Lynnville Branch: Lynnville Junction to Lynnville, la 2.50
Montezuma Branch: G. M. Junction to Montezuma, la 13.61
State Center Branch: Newburg to State Center, la 26.64
Story City Branch: Minerva Junction to Story City, la 34.51
Belmond Branch: Hampton to Belmond, la 22.20
OWNED JOINTLY- •! Manly Junc' to Northwood, la 11.00
• ( Northwood, la., to Albert Lea, Minn 16.00
LEASED: Iowa Central and Western Ry.: Belmond to Algona, la 37.00
TRACKAGE : Peoria and Pekin Union Ry. : Iowa Junction to Peoria, 111 .... 2.80
Total length of lines operated June 30, 1902 558.43 miles.
Sidings, etc., 118.59 miles. Gauge, 4 ft. 8% in. Rail— iron (47.26 m.), 50 Ibs.; steel
(610.96 miles), 60 and 70 Ibs.
3. Lease of Iowa Central and Western By. — The company has leased, for 50
years, from July 1, 1901, the Iowa Central and Western Ry. Co.'s line of road, from
Belmond to Algona, la., a distance of 37 miles, upon the condition that it shall main-
tain the property, paying, in addition to all taxes lawfully assessed, 20 per cent, of
all gross earnings accruing from the operation of the property. The company further
obligates itself to apply these earnings accruing to the Iowa Central and Western
Ry. Co. from the lease of its property toward the payment of interest on, and the
principal of, the mortgage indebtedness of the latter company.
4. Acquisition Of the Keithsburg Bridge.— In July, 1901,the Keithsburg Bridge
Co. conveyed to this company the bridge across the Mississippi River at Keithsburg,
111., in consideration of the I. C. Ry. Co. assuming the outstanding bonds of the Bridge
Co. Since then the bonds have been retired.
5. Rolling Stock, June 30, 1902. — Locomotives, 76. Cars — passenger, 28; baggage,
mail and express, 11; freight (box, 1,527; furniture, 94; stock, 111; coal, 794), 2,526;
caboose, 39; service, 173 — total, 2,777.
<J. General Income Account, year ending June 30, 1902.
Earnings— Passenger $474,743 07
Freight 1,978,158 43
Mail and Express 87,043 03
Miscellaneous 3,405 51
Total ($4,554.47 per mile) $2,543,35004
. of Way and Struc . . . $544,587 41
Maintenance of Equipment. 346,581 28
Conducting Transportation. 1,021,665 47
General Expenses 113,014 43
Total ( $3,627.76 per mile) $2,025,848
Net earnings (20.35 p. c.), $517,501.45; add other receipts (interest from invest-
ments, $37,413.33; interest, discount and exchange, $24,524.36; trackage and other
rentals, $6,031.98; miscellaneous, $1,410.25), $69,379.92— total, $586,881.37. Payments:
Taxes, $79,952.44; interest on funded debt, $455,484.50; rentals (track and terminals,
$33,704.48; Keithsburg Bridge, $14,775), $48,479.48; miscellaneous, $49.50— total, $583,-
965.92. Surplus, $2,915.45; surplus forward, $101,895.27; profit on Iowa Central and
591
592
POOR S MANUAL OF RAILROADS NORTHWESTERN GROUP.
Western Ry. Co.'s stock, and bonds in excess of cost, $201,622.75 — total surplus, June
30, 1902, $306,433.47.
6». General Income Account, year ending June 30, 1903.
Earning* — Passenger $469,33669
Freight 1,839,858 48
Mail and Express 86,44091
Miscellaneous 9,90721
Expenses — Maint. Way and Structures. $519,161 92
Maintenance of Equipment. 292,741 14
Conducting Transportation. 970,347 28
General Expenses 103,03340
Total 12,405,543 29 Total $1,885,273 74
Net earnings, $520,269.55; income from investments, $103,173.48; trackage and other
rentals, $6,821.64; other receipts, $6,720.18 — total, $636,984.85. Payments: Interest
on bonds, $519,543.33; taxes, $81,716.51; trackage and other rentals, $32,141.19; other
payments, $462 — total, $633,863.03. Surplus, $3,121.82; surplus forward, $306,433.47 —
total, $309,555.29. Deductions for year, $1,940. Surplus June 30, 1903, $307,615.29.
7. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment.... $22,199,797 29
I. C. & W. Ry. Leasehold Estate 555,000 00
Mississippi River Bridge 591,00000
First and Refunding Bonds 1,141,00000
Materials and Supplies.. 251,72907
Unadjusted Accounts 39,580 46
Cash on Hand 178,84096
Current Assets 767,108 41
Total Assets
Capital Stock (see Sec. 9) $14,193,92496
Funded Debt Outstand'g(see Sec. 10). 10,790,544 91
Interest Accrued, not Due 73,750 S3
Taxes Accrued, not Due 66,686 08
Current Liabilities 292.715 95
Profit and Loss 306,43347
$26,724,056 19 Total Liabilities
7 a. General Balance Sheet, June 30, 1903.
.$25,724,066 19
Cost of Road and Equipment $23,280,368 89
Mississippi River Bridge 591,000 00
I. C. & W. Ry. Leasehold Estate 555,000 00
Real Estate 14,642 73
Bonds Owned 1,950,00000
Materials and Supplies 279,904 30
Cash and Current Assets 475,927 80
Bills Receivable 550,00000
Common Stock $8,621,983 48
Preferred Stock 6,674,22634
1st Mortgage Bonds 7,649,544 91
Refunding Bonds 4,000,00000
Bills Payable 1,008,46445
Current and Accrued Liabilities 509,527 82
Unadjusted Accounts 25,48143
Profit and Loss 307,61529
Total Assets $27,696,84372 Total Liabilities $27,696,84372
8. Statement showing operations and income for seven years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles RR. Operated .
Pass. Train Miles. . . .
Freight Train Miles. .
Passengers Carried. .
Passenger Miles
499.50
616,090
931,355
523,537
12,976,431
1,196,873
161,054,087
S
1,839,708
1,159,453
508.98
656,528
779,500
505,282
12,571,764
1,123,147
134,719,786
S
1,564,205
1,100,161
508.98
648,438
976,592
478,455
13,097,724
1,323,342
155,993,m
S
1,868,349
1,274,656
508.98
654,152
1,180,434
539,634
14,784,479
1,540,716
205,650,328
2,120,575
1,495,679
512.56
662,188
1,200,115
602,248
16,471,423
1,742,379
265,417,072
*
2,325,919
1,702,349
506.36
700,515
1,117,166
664,225
17,184.864
1,667,202
252,497,682
$
2,284,123
1,820,726
558.43
782,798
1,767,651
706,310
20.759,690
1,866,971
296,184,206
*
2,543,350
2,025,849
Freight (tons) Moved
Freight (ton) Miles.. .
Gross Earnings
Operating Expenses.. .
680,255
14,336
464,044
8,242
593,693
13,476
624,896
17,560
623,570
29,733
463,397
51.244
517.501
69,380
Other Receipts
Net Income
694,591
62,870
321,403
131,981
17
178,320
3,683 11
2,321 23
1,361 88
63.02 p. c.
2.50 c.
0.90 c.
472,286
63,482
317,288
88,014
607,169
62.152
319,629
119,908
642,456
65,177
331,821
57,960
85,018
102.481
4,166 31
2,938 57
1,227 74
70.53 p. c.
2.35 c.
0.82 c.
653,303
72,111
347,259
57,960
170,023
5.950
4,537 80
3,321 23
1,216 57
73.19 p. c.
2.37 c.
0.70 c.
514,641
75,884
373,749
57,960
105
6,943
4,510 86
3,595 71
915 15
79.71 p. c.
2.36 c.
0.71 c.
586,881
79.952
455,485
48,479
50
2,915
4,554 47
3,627 76
926 71
79.65 p. o.
2.280.
0.67 o.
Payments — Taxes. . .
Interest..
Rent, etc
Misc. . . .
Balance, Surplus. . . .
Earnings per Mile. . .
Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings.
Av. per Pass, per Mile.
Av. per Ton per Mile. .
3,502
3,073 20
2,161 49
911 71
70.33 p. c.
2.39c.
0.88 c.
105,478
3,670 76
2,504 33
1,166 43
68.22 p. c.
2.43 c.
0.94 c.
9. Capital Stock. — The capital stock authorized consists of $11,000,000 common stock and
$7,400,000 preferred stock, a total of $18,400,000 in $100 shares. Capital stock issued and out-
standing, June 30, 1902, consisted of $8,519,688.48 common stock and scrip and $5,674,236.47 pre-
POOR S MANUAL OF RAILROADS.
593
ferred stock and scrip. Preferred stock is entitled to 5 p. c. dividends non-cumulative ; but when
dividends on common stock exceed 5 p. c. in any one year, equal dividends sball be paid on preferred
stock.
1O. Funded Debt. — The funded debt outstanding on June 30, 1902, per general balance sheet,
consisted of $7,649,544.91 ($7,660,000 auth.) 1st gold 5s of June 1, 1938, and $3,141,000 ($25,-
000,000 auth.) 1st and refunding gold 4s of March 1, 1951. (Additional particulars respecting the
funded debt will be found in the Ready Reference Bond List — see General Index.)
11. RAILROAD LEASED BY IOWA CENTRAL RY. Co.
IOWA CENTRAL AND WESTERN RY.
— Belmond to Algona, la., 37.3 m. ; total track
(steel; 60 Ibs..), 40.74 miles.
HISTORY.— Chartered Oct. 27, 1898; road
opened Nov. 1, 1899. Built by the Iowa Central
Ry. Co., which received for the money advanced
for its construction $900,000 par value of the
capital stocK and $555,000 par value of 1st mtge.
4 p. c. bonds. Leased to the Iowa Central Ry.
Co., for BO years from July 1, 1901, at rental of
20 p. c. of gross earnings, the lessee to apply
these earnings to the payment of this company's
mortgage indebtedness, both principal and in-
terest.
FINANCIAL STATEMENT. — Capital stock
($3,000,000 auth.; $100 shares), $900,000; funded
debt (1st 4s of March 1, 1951), $555,000 — total, rep-
resenting cost of road, $1,455,000. The bonds are
authorized to the amount of $25,000 per mile of
road. Both the stock and the bonds are owned
by the Iowa Central Ry. Co.
CORPORATE OFFICERS. — Edwin Hawley,
Pres. ; F. H. Davis, Treas., New York, N. Y. ;
Geo. W. Seevers, Sec., Oskaloosa, la. Office,
Oskaloosa, la.
12. Board of Directors, Iowa Central Ry. Co., elected Sept. 6, 1902.
Edwin Hawley...New York.N.Y.
F. H. Davis
L. F. Day. . .Minneapolis, Minn.
L. C. Weir New York.N.Y.
Edwin Langdon. "
John E. Searles..New York.N.Y.
George Crocker.
Paul Morton Chicago, 111.
T. P. Shonts "
R. J. Kimball... New York.N.Y.
Russell Sage.. ..New York.N.Y.
E. C. Bradley...
Horace J. Morse.
Henry A. Gardner.Chlcago, 111.
Geo. R. Morse... New York.N.Y.
EDWIN HAWLEY, President New York N. Y.
Vice.-Pres. A Treas. — F. H. Davis.New York.N.Y. I Secretary — A. C. Doan ...New York, N. Y.
V.-P. & Gen. Mgr. — L. F. Day, Minneapolis, Minn. | Auditor — L. G. Scott Minneapolis, Minn.
PRINCIPAL OFFICE AND ADDRESS .Minneapolis, Minn.
New York Office 25 Broad Street.
Chicago Office New York Life Building.
MINNEAPOLIS AND ST. LOUIS RAILROAD COMPANY
(For map of this road, see page 595.)
INDEX To THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Directors and Officers 10
Earnings, etc., 1901-2 5, 5a
Funded Debt, Details of.... 9
Gen. Bal. Sheet, June 30, 1902. 6
Gen. Bal. Sheet, 1896-1902... 7
History 3
Income Acct, June 30, 1902... 5
Income Acct., June 30, 1903. . 5a
Income Acct, 1896-1902 7
Lint s Owned but not Oper-
ated 2
Mileage Oper'd, June 30, 1902 1
Operations, etc., 1896-1902... 7
Rolling Stock 4
1. Mileage Operated, June 30, 1902 (owned, 631.73 miles).
Main Line : Minneapolis, Minn., via Ft. Dodge, la., to Angus, la 259.90 miles.
Pacific Division: Hopkins, Minn., to Watertown, S. D 215.42
Kalo Branch: Kalo Junction to Kalo, la 1.46
Lake Park Branch: Manitou Junction to Tonka Bay, Minn 1.45
Southwestern Division: Winthrop, Minn., to Storm Lake, la 153.50 "
TRACKAGE: Northern Pacific Ry.: St. Paul, Minn., to Minneapolis, Minn.. 10.11 "
Total length of lines operated, June 30, 1902 641.84 miles.
2d track (owned, 9.57 m. ; trackage, 10.11 m.), 19.68 m. ; sidings (owned), 122.46 miles.
Gauge, 4 ft. 8l/2 in. Rail (steel, owned 751.78 m.), 50 to 80 Ibs.
2. Line Owned but not Operated. — The preceding statement of mileage does not
include 13 miles, from Albert Lea, Minn., to Iowa State Line, owned by this company,
but leased to the Burlington, Cedar Rapids and Northern Ry. Co. for 999 years. The
lessee guarantees $150,000 of 7 p. c. bonds, due June 1, 1927. When the bonds are
paid off that line will become the property of the Burlington, Cedar Rapids and North-
ern Ry. Co.
3. History. — Reorganization, Oct. 11, 1894, of the Minneapolis and St. Louis Ry.
Co. (see MANUAL for 1894, page 921). On Feb. 20, 1889, the company purchased from
the Wisconsin, Minnesota and Pacific RR. Co. the line from Morton, Minn., to Water-
town, S. D., 122.53 miles, and on March 1, 1899, purchased the Minneapolis, New Ulm
594
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
and Southwestern RR., from Winthrop to New Ulm, Minn., 20.22 miles. The ex-
tension from New Ulm, Minn., to Storm Lake, la., 133.28 miles, was completed and
opened for traffic on Aug. 19, 1900. At Storm Lake connection is made with the
Illinois Central RR.
The company owns a one-ninth interest in the Minnesota Transfer Ry. Co., whose
property, consisting of stcckyards, depots, etc., is situated between St. Paul and Minne-
apolis. The company also owns a one-ninth share in the capital stock of the St. Paul
Union Depot Co., through which company it gets an entrance into St. Paul, Minn.
4. Rolling Stock, June 30, 1902. — Locomotives, 79. Cars — passenger, 41 ; com-
bination, 9; baggage, mail and express, 15; freight (box 2,371; flat, 326; stock, 111;
coal, 32; refrigerator, 4; furniture, 26), 2,870; caboose, 35; other, 82 — total, 3,052.
Four of the locomotives (switching engines) are in the service of the Minneapolis Ry.
Transfer Co., and their operations are not included in this statement.
5. General Income Account, year ending June 30, 1902.
Earnings— Passenger $876,48585
Freight 2,626,76264
Mail and Express 132,87782
Miscellaneous 4,71391
Total ( $6,616.72 per mile) $3,640.840 12
Expenses — Maint. of Way and Struc... $656,060 23
Maintenance of Equipment. 278,727 99
Conducting Transportation. 915,615 17
General Expenses 121,971 16
Total ( $3,073.00 per mile) $1,972,374 85
Net earnings (44.30 p. c.), $1,568,465.27; income from investments, $63,108.75;
trackage and other rentals, $109,555.87; other receipts, $12,488.63 — total, $1,753,618.52.
Payments: Interest on bonds, $886,980; taxes, $122,345.69; dividends (5 p. c. on pre-
ferred stock, 5 p. c. on common stock), $500,000; loss in operating hotel, $117.39;
trackage and other rentals, $47,451.09 — total, $1,556,894.17. Surplus, $196,724.35; sur-
plus forward, $1,072,792.94; surplus, June 30, 1902, $1,269,517.29.
5a. General Income Account, year ending June 30, 1903.
Earnings — Passenger $901,938 92
Freight 2,224,52063
Mail and Express 130,131 17
Miscellaneous 8,88175
Total $3,265,472 37
Expenses— Maint. Way and Structures. $470,327 97
Maintenance of Equipment. 304,532 24
Conducting Transportation. 1,009,834 30
General Expenses 123,972 73
Total $1,908,667 24
Net earnings, $1,356,805.13; income from investments, $68,260.11; trackage and other
rentals, $135,219.03; other receipts, $13,935.70 — total, $1,574,219.97. Payments: In-
terest on bonds, $886,980; taxes, $119,274.75; dividends, $500,000; trackage and other
rentals, $56,049.92 — total, $1,562,304.67. Surplus, $11,915.30; surplus forward, $1,269,-
517.29— total, $1,281,432.59.
6. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $28,145,399 97
•Stocks and Bonds Owned 920,00000
Advances on Account of Stock of St.
Paul Union Depot Co 88,00867
Materials and Supplies 224,30284
Cash on Hand 307,966 18
Current Assets 362,93471
Deferred Assets — Lake Park Hotel.. 17,785 22
Other Property.... 16,22821
Total Assets $30,072,62580
Capital Stock — Common ($100 shares). $6,000,000 00
Pref. ($100 shares) . ... 4,000,000 00
Funded Debt Outstanding (see Sec.9). 17,871,000 00
Current Liabilities 312,34140
Interest Accrued, not Due 188,699 16
Taxes Accrued, not Due 71,18599
Unadjusted Accounts 33,20864
Rolling Stock Replacement Fund 132,123 46
Appropriation for Improvements 194,649 97
Profit and Loss 1,269,51729
Total Liabilities $30,072,62680
•$282,000 1st consolidated mtge. bonds; $551,000 1st and refunding mtge. bonds, and $87,000
bonds and stock of the Minnesota Transfer Ry. Co.
6a. General Balance Sheet, June 30, 1903.
Capital Stock $10,000,000 00
Funded Debt 17,871,000 00
Bills Payable 350,00000
Current Liabilities 267,88033
Interest and Taxes Accrued 276,515 32
Unadjusted Accounts 217,92661
Rolling Stock Replacement Fund 165,586 95
Profit and Loss 1,281,432 59
Cost of Road and Equipment $23,960,690 81
Pacific Division 2,128,73239
New Ulm Extension 2,378,63114
Real Estate '. 66,21272
Stocks and Bonds Owned 1,026,000 00
Materials and Supplies 311,54085
Cash and Current Assets 534,383 51
Deferred Assets 34,26093
Total Assets $30,430,342 35
Total Liabilities $30,430,342 36
595
596
POOR 8 MANUAL OF RAILROADS — NORTHWESTERN GRODP.
7. Statement of operations, property, and capital accounts for seven years ending
June 30:
1896 1897
1898
1899
1900
1901
1902
Aver. Mileage Oper. . .
Train Mileage — Pass. .
Frt. . .
Passengers Carried. . .
Passenger Mileage. . . .
Freight (tons) Moved.
Freight (ton) Miles.. . .
Earnings — Passenger .
Freight... .
Other
369.91
559,047
651,487
548,132
19,217,018
1,194,819
113,009,098
405,605
1,500,379
122,317
369.91
621,568
619,304
571,683
20,334,397
1,208,969
114,523,012
$
412,085
1,469,070
125,350
365.81
619,161
669,136
627,051
24,010,030
1,342,286
140,901,750
$
457,480
1,650,508
138,592
416.54
654,146
747,431
657,077
24,876,877
1,535,278
156,379,613
S
494,031
1,860,258
145,715
514.22
732,524
694,753
755,816
29,759,191
1,605,383
174,654,187
601,836
2,117,553
143,920
633.19
880,825
730,068
857,937
34,859,713
1,766,287
210,799,911
$
703,826
2,413,134
158,544
641.84
907,306
824,832
939,038
41,434,831
1,940,268
204,515,108
8
876,486
2,526,762
137,592
Gross Earnings
2,028,301
1,136,815
2,006,505
1,131,716
2,246,580 2,500,004
1,296,622! 1,438,005
2,863,310
1,600,508
3,275,504
1,848,685
3,540,840
1,972,375
Operating Expenses.. .
Net Earnings
891,486
144,048
874,789
155,234
950,958
167,866
1,061,999
196,597
1,262,802
200,265
1,426,819
188,807
1,568,465
185,153
Other Receipts
Net Income
1,035,534
66,738
56,476
580,540
245,000
7,486
1,030,023
67,411
55,355
580,540
245,000
14,480
1,118,824
72,294
55,162
580,540
265,000
12,195
1,258,596
84,700
55,694
659,540
294,583
213
1,463,067
98,878
56,716
892,540
290,000
309
1,615,626
107,933
56,711
897,220
440,000
1,753.618
122,346
47,451
886,980
500,000
117
Payments — Taxes. . . .
Rentals . .
Interest. .
Dividends
Other
Total
956,240
79,295
5,483 24
3,073 22
2,410 02
56.05 p. c.
2.78 c.
1 33 c
962,786
67,237
5,424 30
3,059 44
2,364 86
56.40 p. c.
2.02 c.
1 28c
985,181
133,633
6,141 39
3,541 79
2,599 60
57.67 p. c.
1.91c.
1,094,730
163,865
6,001 83
3,452 26
2,549 57
55.51 p. c.
1.99c.
1,338,443
124,624
5,568 25
3,112 49
2,455 76
55.90 p. c.
2.02 c.
1,501,864
113,762
5,173 02
2,919 32
2,253 70
56.44 p. c.
2.02 c.
1,556,894
196,724
5.516 72
3,073 00
2,443 72
55.70 p. c.
2.07 c.
1 24 c.
Balance, Surplus
Gross Earn, per Mile. .
Oper. Exp. per Mile. . .
Net Earnings per Mile.
Expenses to Earnings.
Av.Rate p.Pass.p.Mile
Av.Rate p. Ton p.Mile
Miles Road Owned. . ..
Miles Track Owned. . .
Miles Steel Rail
371.85
453.10
385.44
72
47
2,392
6,000,000
6,500,000
10,000,000
357,894
105,832
371.85
453.33
402.93
72
49
2,286
S
6,000,000
6,500,000
10,000,000
310,281
173,069
381.79
475.34
442.65
76
49
2,424
S
6,000,000
6,500,000
10,000,000
512,100
306,702
524.54
682.74
573.50
68
57
3,084
S
6,000,000
4,000,000
17,800,000
899,531
470,567
593.44
710.22
666.52
78
65
3,169
*
6,000,000
4,000,000
17,800,000
671,688
595,192
657.82
787.46
775.48
80
64
3,139
9
6,000,000
4,000,000
18,151,000
704,095
1,072,793
644.73
775.76
751.78
79
67
2,988
S
6,000,009
4,000,000
17,871,000
932,100
1,269,517
Locomotives
Passenger Train Cars..
Freight Train Cars . . .
Common Stock . .
Preferred Stock. . . .
Funded Debt
Current Liabilities. . . .
Profit and Loss. . . .
Total Liabilities. .
Cost of Property
Securities Owned
22,963,726
22,005,860
360,500
568,398
28,968
22,983,350
21,983,705
628,500
330,349
40,796
23,318,802
22,124,186
629,000
538,622
26,994
29,170,098
28,030,642
571,000
541,077
27,379
29,066,880
27,852,080
567,000
614,283
33,517
29,927,888
28,334,258
920,000
639,888
33,742
30,072,626
28,145,400
1,008,009
885,204
34,013
Deferred Assets
Total Assets
22,963,726
22,983,350
23,318,802
29,170,098
29,066,880
29,927,888
30,072,626
8. Capital Stock — The company held in its treasury on June 30, 1903, $174,100 of the
common stock and $39,600 of the preferred stock. The preferred stock Is entitled to non-cumulative
dividends at the rate of not exceeding 5 p. c. per annum, after payment of fixed charges ; the com-
mon stock to non-cumulative dividends at the same rate, after payment of fixed charges and divi-
dends on the preferred stock, any surplus of net profits in any year to be applied to payment of divi-
dends on both classes of stock without discrimination.
9. Funded Debt — The details of funded debt outstanding on June 30, 1903 — total, $17,871,-
000 as per general balance sheet — consisted of the following issues of bonds (additional particulars
will be found In the Ready Reference Bond List — see General Index) :
f455,OOO 1st gold 7s of Jan. 1, 1907, secured by
first mortgage on the line from Minneapolis to
Merriam Junction, Minn., 27 miles, at the rate
of $20,500 per mile.
995<),OOO 1st gold Is of June 1, 1927, secured
by first mortgage on the line from Merriam Junc-
tion to Albert Lea, Minn., 81 miles. The total
issue amounts to $1,100,000, but bonds amounting
to $150,000, secured by first mortgage on the line
from Albert Lea to the Iowa State Line, are as-
sumed by the Burlington, Cedar Rapids and
Northern Ry. Co., under the terms of lease out-
lined in Sec. 2.
f 1,O15,OOO 1st gold 7s of June 1, 1909, secured
POOR'S MANUAL OF RAILROADS.
597
by first mortgage on the Iowa Extension, from
Albert Lea, Minn., to Fort Dodge, la., 102 miles,
at the rate of $10,000 per mile.
9G36,OOO 1st gold 7s of Dec. 1, 1910, secured
by first mortgage on the Southwestern Exten-
sion, from Fort Dodge to Angus, la., 53 miles at
the rate of $12,000 per mile.
$1,382,000 1st gold 6s of April 1, 1921, secured
by first mortgage on the Pacific Extension, from
Hopkins to Morton, Minn., a2.89 miles, at the rate
of $15,000 per mile.
$5,282,000 1st consol. gold 5s of Nov. 1, 1934,
secured on the entire property owned by the
company on June 30, 1898 (see MANUAL for 1899,
page 640), but subject in liens to the five under-
lying issues of 1st mtge. bonds secured as shown
in the preceding paragraphs. The total amount
originally authorized was $10,000,000, but the
bonds reserved for the retirement of the under-
lying bonds have been cancelled. There were
only $5,000,000 of these bonds actually outstand-
ing, on June 30, 1902, $282,000 of the amount
listed above being held in the company's treasury.
In addition to the railway mileage they cover,
the bonds are secured on stock ($8,000) and bonds
($95,000) of the Minnesota Transfer Ry. Co. and
on one-half interest in the Lake Park Hotel,
Hennepin County, Minn.
$8,151,OOO 1st and refunding gold 4s of March
1, 1949, secured by first mortgage on the lines
from Morton to Watertown Junction, Minn., 122.53
miles, and from Winthrop, Minn., to Storm Lake,
la., 153.50 miles, and by a general mortgage on
the rest of ti.e company's property. The author-
ized issue is $25,000,000, of which bonds amounting
to $10,000,000 are reserved for the retirement of
prior liens and $6,849,000 for future acquisitions.
There were only $7,600,000 of the bonds actually
outstanding on June 30, 1902, $551,000 of the
amount shown in the table of funded debt being
held in the treasury of the company. The bonds
reserved for future acquisitions are to be Issued
under proper restrictions contained in the mort-
gage.
1O. Directors (elected Oct. 7, 1902).— Edwin Hawley, John E. Searles, F. H. Davis,
H. E. Huntington, Edwin Langdon, F. E. Palmer, L. C. Weir, Geo. Crocker, New York,
N. Y. ; L. F. Day, Minneapolis, Minn.
EDWIN HAWLEY, President New York, N. Y.
L. F. Day, V ice-President and General Manager .... Minneapolis, Minn.
Treasurer — F. H. Davis New York, N. Y. | Sec. & Asst. Tr. — J. Gaskell... Minneapolis, Minn.
Auditor — L. G. Scott Minneapolis, Minn.
PRINCIPAL OFFICE AND ADDRESS Minneapolis, Minn.
Eastern Office 25 Broad Street, New York, N. Y.
NORTHERN PACIFIC RAILWAY COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Betterment Fund 18
Capital Stock 8
Directors and Officers 16
Earnings, Expenses, etc., 1902. 6
Earnings, Exp., etc., 1897-1902. 12
Funded Debt, Details of 9
Gen. Bal. Sheet, June 30, 1902. 7
Gen. Bal. Sheet, 1897-1902.... 12
History 2
Income Acct., June 30, 1902.. 6
Income Acct., 1897-1902 12
Interest on Bonds 6a
Land Department 10
Lines Leased to Prov. Mani-
toba 2
Leased Line, Statement of... 15
Mileage of System. 1
Mileage Owned, 1897-1902... 12
Northern Pacific Estate 11
Operations, etc., 1897-1902.... 12
Rolling Stock, Schedule of. . . 6
Rolling Stock, 1897-1902 12
Terminals 4
Track Mileage la
Treasury Securities 14
Water Lines 3
1. Mileage of the System, June 30, 1902. — A. LINES OWNED OR CONTROLLED
ABSOLUTELY.
Main Line (total, 2,740.91 miles).
Main Stem : Ashland, Wis., to Portland, Ore 2,133.22 miles.
South Superior Line: South Superior, Wis., to Duluth Jc., Minn 7.71
Walbridge Line: Walbridge, Wis., to Main Stem, Minn 3.40
St. Paul Line: St. Paul to Staples, Minn 139.78
Brainerd Cut-off: Little Falls to Brainerd, Minn 32.91
Line "A," St. Paul, Minn.: General Office to Mississippi Street 1.53
Line "A," South Minneapolis, Minn.: St. Anthony's Park to 20th Ave.... 2.57
Soo Line Connection : Terminal Yard to North Town Jc., Minneapolis, Minn 3.42
Duluth Short Line: St. Paul to Duluth, Minn 152.00
Duluth Union Depot : In Duluth, Minn 0.25
Butte Line: Logan to Garrison, Mont 124.33
Main Line in Tacoma, Wash.: Twenty-third Street Line 1.95
Seattle Line: Auburn to Belt Line Junction, Wash 11.89
Seattle and International Line: Seattle to Sumas, Wash 125.95
Branches (total, 2,711.68 miles).
Washburn: Washburn, Wis., to Iron River 33.77
Minneapolis: White Bear to Minneapolis, Minn 13.19
Fond du Lac: West End Junction to Fond du Lac, Minn 8.58
(Continued on next page.)
598
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
Brought Forward 2,796.45 miles.
West Superior: Junction, Minn., to West Superior, Wis 3.44
Grantsburg: Rush City to Grantsburg, Minn 17.00 '
Cloquet : Carlton to Cloquet, Minn 6.50 '
Miller: Miller to Quarries, Minn 4.30 '
Taylor's Falls: Wyoming to Taylor's Falls, Minn 20.50 '
Stilhvater: White Bear to Stillwater, Minn 13.12
Little Falls and Dakota: Little Falls to Morris, Minn 87.94
Fergus Falls: Wadena Junction, Minn., to Oakes, N. D 149.50
Red Lake Falls: Fertile to Carthage, Minn 54.98
Keystone : Key West to Sherack, Minn 6.01
Fairview: Fairview Junction to Bayne, N. D 13.79
Fargo and Southwestern: Fargo Junction to Edgeley, N. D 108.71
Casselton: Casselton to Marion, N. D 60.18
Cooperstoicn: McHenry to Cooperstown, N. D 62.88
James River: Jamestown to La Moure, N. D 48.55
Oakes: Valley Junction to Oakes, N. D 15.20
Demi's Lake: Jamestown to Leeds, N. D 107.65
Oberon: Oberon, N. D., northwesterly. . 28.07
Sykeston : Carrington to Bowdon, N. D 28.00
Red River and Winnipeg Branch: Winnipeg June., Minn., to Winnipeg, Man, 257.63
* Brandon: Morris to Brandon, Man , 145.24
*Eope Farm : Main line to Hope Farm 2.86
*Fair Ground: Main line in Brandon to Fair Ground 0.84
*8ouris River: Belmont to Hartney, Man 50.94
* Portage la Prairie: Portage Junction to Beaver, Man 72.54
*Lake: Portage la Prairie to Delta, Man 15.05
*Winnipeg Transfer Ry. : Winifipeg, Man 1.24
Rocky Fork : Laurel to Red Lodge, Mont 44.37
Clark's Fork : Rockvale to Bridger, Mont 19.44
Park : Livingston to Cinnabar, Mont 51.45
Cokedale: Cokedale to Coal Spurs, Mont 3.62
n i i j » * T/ 77 $ Whitehall to Alder, Mont, \ A- on «
Gaylord and Ruby Valley: j Renoya to parrot Mont _'- J 47.30
Red Bluff: Sappington to Norris, Mont 20.90 '
Pony: Harrison to Pony, Mont 7.09 "
Anaconda: Stuart to Anaconda, Mont 8.99 "
D , , ( Prickly Bear June, to Jefferson, Mont. ) 0/< -n „
Boulder: •< « «•-••*'•• -nr t 34.70
/ Amazon to Calvin, Mont J
Wickes : Jefferson to Wickes, Mont 5.12
Switchback at Wickes: Wickes Branch to Montana Central Ry 0.71
Elkhorn: Boulder to Elkhorn, Mont 20.12
Red Mountain: Helena to Rimini, Mont 16.52
Marysville: Clough Junction to Marysville, Mont 12.58 "
Phillipsbur g : Drummond to Rumsey, Mont. , 32.12
Bitter Root : Missoula to Charlos, Mont 56.41
n J>AI / De Smet, Mont., to Wallace, Id 128.37
Cceur dAlene:{ tWallace; I(L> ^est •• 4J5
Burke: Wallace to Burke, Id 6.86
Sunset: Wallace to Custer, Id 5.36
Fort Sherman: Hauser Junction to Cceur d'Alene, Id 13.65
Palouse and Lewiston: Marshall Junction, Wash., to Lewiston, Id 138.76
Genesee: Pullman Junction, Wash., to Genesee, Id 27.52
Clearwater Short Line: Potlach to Kooskia, Id 62.89
Lapwai: North Lapwai to Culdesac, Id 11.96
Farmington : Belmont to Farmington, Wash 5.94
Spokane and Seattle: fMedical Lake to Davenport, Wash 16.28
Washington Central: Cheney to Coulee City, Wash 109.34
Roslyn: Clealum to Roslyn Mines, Wash 5.41
Buckley Line: Palmer June, to Meeker June., Wash 33.56 "
Green River: Palmer to Trackend, Wash 14.79
Burnett : Burnett to Pittsburg, Wash 3.53
Wilkeson: Cascade to Wilkeson and Fairfax, Wash 16.79
Crocker: Crocker to Douty, Wash 5.29
Orting : Orting to Puyallup River, Wash 7.64
(Continued on next page.)
POOR'S MANUAL NORTHERN PACIFIC RY. CO.
599
Brought Forward 5,179.24 miles.
Snoqualmie: Woodeuville Junction to Sallal Prairie, Wash 37.51
Everett : Snohomish to Everett, Wash 1 1.44
( Belt Line Junction to Renton, Wash 1.98
Lake Washington : 1 fRenton to Trackend, Wash 3.66
( fKirkland Junction to Kirkland, Wash 5.64
Olympia: Lake View to Centralia, Wash 56.43
Gray's Harbor: Gate City to Ocosta, Wash 53.29
Elma: Elma to Summit, Wash 9.99
Aberdeen : Aberdeen Junction to Hoquiam, Wash 6.84
Cosmopolis: Cosmopolis Junction to Cosmopolis, Wash 1.81
South Bend: Chehalis to South Bend, Wash 56.68
Arlington: Arlington to Darrington, Wash 28.08
Total length of Northern Pacific Ry. and Proprietary Lines 5,452.59 miles.
Deduct mileage owned, but not operated by N. P. Ry. Co.
Leased to Province ( Manitoba section of Winnipeg Line 65.94m.
of Manitoba: ( Branches designated thus (*) 288.71 m.
Leased to B., A. & P. Ry. Co.: Anaconda Branch 8.99m.
Not in operation: Lines designated thus (f) 30.33m. — 393.97 "
Mileage of N. P. Ry. operated by N. P. Ry. Co 5,058.62 miles.
B. OWNED JOINTLY WITH OTHEB COMPANIES (total, 11.76 miles).
St. Paul Union Depot : At St. Paul, Minn 0.56 miles.
Seattle Line: Junction to Seattle, Wash, (jointly with C. & P. S. Ry. Co.) . 10.28 "
Northern Pacific Terminal: At Portland, Ore 0.92 "
O. LEASED OB OPERATED UNDEB TRACKAGE CONTRACTS (total, 7.33 miles).
Chicago, 8t. Paul, Minneapolis and Omaha Ry. : At Ashland, Wis 0.33 miles.
Chicago, Milwaukee & 8t. Paul Ry. : At Minneapolis, Minn 0.57 "
Minneapolis and St. Louis RR.: At Minneapolis, Minn 1.62
Montana Central Ry.: Wickes to Amazon, Mont 4.81 "
D. CONTROLLED, BUT OPERATED AS SEPARATE ORGANIZATIONS (total, 277.87 miles).
Washington and Columbia River Ry. (see separate statement, subjoined) . . 162.73 miles.
Minnesota and International Ry.: Brainerd to Bemidji, Minn 115.14 "
Total operated mileage of Northern Pacific System, June 30, 1902 5,355.58 miles.
la. Summary of Track Mileage.— Statement showing the track mileage of the
system on June 30, 1902:
First
Track.
Second
Track.
Spurs.
Yard
Track and
Sidings.
Total
Track.
Northern Pacific Ry. :
Lines Operated by N. P. Ry. Co
Lines Leased to other Companies
Lines not in Operation
Controlled Railroads, Operated Separately. . .
Leased Tracks
Operated Jointly with other Companies
Miles.
5,058.62
363.64
30.33
277.87
7.33
11.76
Miles.
59.68
Miles.
250.27
3.54
1.84
14.50
1.38
0.67
Miles.
1,027.21
150.06
2.11
34.90
3.86
87.80
Miles.
6,395.78
517.24
34.28
327.27
8.71
104.09
Totals.
5,749.55
61.73
274.01
1,302.08
7,387.37
Gauge, 4 ft, 8y2 in. Rail — iron, 56 Ibs.j steel, 35 to 80 Ibs.
2. History.— Reorganization, in July, 1896, of the Northern Pacific RR. Co. The
plan of reorganization is outlined in the MANUAL for 1896,on page 690 et seq., and a
sketch of the history of the system down to June 30, 1901, is in the MANUAL for 1901,
on page 581 et seq.
600 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP*
Xcir Construction. — During the year ending June 30, 1902, the following branches
and extensions were completed and put in operation: Oberon Branch, from
Oberon, N. D., northwesterly, 28.07 miles; Ruby Valley Extension, from Twin Bridges,
Mont., to end of track, 19.39 miles; Green River Branch, from Kanaskat, Wash, to end
of track, 5.03 miles — total, 52.49 miles. The construction of the following branches
or extensions has been authorized, but the same were not completed June 30, 190li :
Peninsular Branch, from Hoquiam to south boundary line of Quinaiult Indian Reser-
vation, 27.90 miles; extension Sykeston Branch, from Bowdon to Howe, N. D., 26.47
miles; Bismarck to Edgeley Extension, from Bismarck to Linton, N. D., 45 miles;
Seattle Extension, from Black River Junction to Argo, Wash., 6.48 miles; Park Branch
Extension, from Cinnabar to Gardiner, Mont., 2.52 miles — total, 108.37 miles. All of
the above construction is from funds provided under the terms of the prior lien mort-
gage, and the lines become a part of the estate of this company, subject to the same.
Lines Abandoned. — The 4.19-mile section of the Spokane and Seattle Ry., from
Spokane, Wash., to connection with Great Northern Ry., and 6.42 miles of the Coeur
d'Alene Branch near Wardner, Id., have both been abandoned.
Purchase of Minneapolis and Duluth RR. — The line from White Bear to Minne-
apolis, Minn., 13.19 miles, operated on June 30, 1901, under a lease from the Minneapolis
and St. Louis RR. Co. to the St. Paul and Duluth RR. Co., was purchased by this com-
pany on Nov. 1, 1901, the consideration being $1 in hand and the assumption of a mort-
gage securing $280,000 of 1st mortgage 7 per cent, gold bonds due Jan. 1, 1907.
Other Recent Acquisitions. — On May 26, 1902, the company purchased for $550,000
in cash the property of the Duluth Transfer Ry. Co., and on June 16, 1902, it purchased
the Washburn, Bayfield and Iron River RR., 33.77 miles, paying therefor $125,673.74.
The company has also purchased the Union Depot Transfer Ry., at Stillwater, Minn.,
the purchase price being $95,000. All three properties have been conveyed by deed
to the Northern Pacific Ry. Co. and now form integral parts of its system. Since the
close of the fiscal year ending June 30, 1902, the company has acquired the Washington
and Oregon RR., the Monte Cristo Ry., the Bellingham Bay and Eastern RR., and
the Port Townsend Southern RR., but those lines are not as yet operated as parts of
the Northern Pacific System. Statements for the Bellingham Bay and Eastern RR., the
Monte Cristo Ry. and the Port Townsend Southern RR. are subjoined hereto. The
Washington and Oregon RR. is a new road, built in 1902. It extends from Kalama to
Vancouver, Wash., 28.5 miles.
Lines Leased to Manitoba Government. — The company's railroad lines and prop-
erty within the Province of Manitoba are leased to the Manitoba Government, for 999
years from June 1, 1901, at a rental of $210,000 a year for the first ten years, $225,000
a year for the second ten years, $275,000 a year for the third ten years, and $300,000
a year thereafter, the lessee having the option to purchase the property at any time
for $7,000,000.
Burlington Purchase. — Effective July 1, 1901, this company and the Great Northern
Ry. Co., jointly, acquired the control of the Chicago, Burlington and Quincy RR. Co.,
by the purchase of approximately 98 per cent, of its capital stock for $200 per share
in joint bonds of the purchasing companies (see MANUAL for 1901, page 584; also, Sec-
tion 9 of this statement) .
Leased and Controlled Lines. — The Washington Central RR. (see Sec. 15), is leased
for 999 years from March 1, 1898, all of its capital stock being owned by the Northern
Pacific Ry. Co. The Minnesota and International Ry. and the Washington and Columbia
River Ry. are controlled by the Northern Pacific Ry. Co., but are operated as separate
organizations. Separate . statements for them will be found on pages 606 and 607.
3. Water Lines.— In addition to its railway lines the company operates one steamer
on Coeur d'Alene River, between Harrison and Coeur d'Alene City, one steamer on the
Columbia River, between Kalama and Goble; and one steamer on the Clearwater River.
POOR S MANUAL NORTHERN PACIFIC RY. CO.
601
4. Terminals. — The following is a detailed statement of the terminal tracks in-
cluded in the mileage of the Northern Pacific Ry. Co., June 30, 1902:
NAME OF OWNER.
Location of Terminals.
Main
Track.
Spurs.
Yard
Track
and
Sid'gs.
Total
Track.
Ownership or
Terms of
Occupancy.
Duluth Union Depot Co
Duluth, Minn
Winnipeg, Man
Miles.
0.25
1.24
0.92
Miles.
0.76
Miles.
2.33
0.64
16.24
16.00
49.73
5.83
Miles.
2.58
2.64
17.16
16.00
49.73
6.39
0.57
0.33
Owned.
Owned.
40 p. c. int.
J interest.
4 interest.
J interest.
Under lease.
Under lease.
Winnipeg Transfer Ry. Co., Ltd
No. Pac. Terminal Co. of Oregon
Lake Sup. Term & Transfer Ry. Co
Minnesota Transfer Ry. Co
Portland, Ore
Superior, Wis
St. Paul Union Depot Co
St. Paul, Minn
0.56
C., M. & St. P. Ry. Co
Minneapolis, Minn. . . .
0.57
C. St. P M. & O. Ry. Co
Ashland, Wis. . .
0 33
Totals
3.87
0.76
90.77
95.40
In the main statement of mileage, as well as in the summary of track mileage, the
above mileage is distributed between mileage owned, mileage leased, and joint mileage.
5. Boiling Stock, June 30, 1902. — Locomotives, 796; passenger train cars, 683;
freight train cars, 30,961; miscellaneous equipment, 3,221.
Freight Train Cars.
Box 17,372
Furniture 541
Refrigerator 430
Fruit 28
Stock 1,355
Flat 7,034
Oil 275
Coal 2,808
Milk 2
Ballast and Ore 1,116
Miscellaneous Equipment.
Caboose 311
Boarding Cars 166
Tool Cars
Pile Drivers . ,
Ballast Dozers.
Wrecking Cars
Steam Shovels.
Plow Cars
Water Cars
Cinder Cars . . .
Hand and Push Cars 2,279
Velocipedes 221
Snow Plows 10
Weed Burners 4
Unloaders 6
Sundry (rolling) 24
Steamers and Barges 4
Passenger Train Cars.
Sleeping (1 interest) 70
Business 10
Dining 29
Buffet and Observation 16
Chair 2
Parlor 2
First Class Coaches 157
Second Class Coaches 120
Tourist Sleepers 54
Emigrant Sleepers '. 5
Combination 50
Baggage 57
Express 26
Baggage and Express 10
Mall and Express 46
Postal 21
Superintendents' 8
Total 683 Total 30,961 Total 3,221
There is also the following equipment not in service and held for sale: 32 locomo-
tives, 3 old-style steam shovels, and 4 flat cars.
6. General Income Account, year ending June 30, 1902.
Earnings— Passenger $9,177,508 89
Freight 30,227,013 32
Mail and Express 1,352,03170
Miscellaneous 630,82580
Expenses — Malnt. of Way and Struc. . $6,767,756 94
Maintenance of Equipment. 3,404,994 58
Conducting Transportation. 10,139,817 36
General Expenses 975,845 00
Total ($8,245.66 per mile) $41,387,379711 Total ($4,241.26 per mile) $21,288,41388
Net earnings (48.6 p. c.), $20,098,965.83; add dividends and interest, $843,765.04 —
total, $20,942,730.87. Payments: Taxes (State and county, $1,103,050.17; revenue
stamp tax, $46,840.15), $1,149,890.32; interest on bonds, $6,624,865.83; rental of leased
lines, $120,742.54; dividends (Nos. 17 and 18 on preferred stock, $1,500,000; Nos. 10 to
13 on common stock, $6,999,946), $8,499,946; appropriation for improvements, etc.,
$3,000,000— total, $19,395,444.69. Surplus, $1,547,286.18; surplus forward, $3,507,423.39;
amount reserved for dividends on preferred stock, June 30, 1898, now restored to sur-
plus, $3,000,000— total, $8,054,709.57.
6a. Interest on Bonds.— Prior lien bonds (on $96,507,500 for 3 months, on $96,-
514,500 for 1 month, on $96,844,500 for 5 months and on $98,868,500 for 3 months),
$3,889,550; general lien bonds (on $54,161,000 for 1 month, on $54,200,000 for 3 months
and on $56,000,000 for 8 months), $1,661,902.50; St. Paul-Duluth Division bonds (on
$8,267,000 for 4 months, on $8,527,000 for 1 month, on $8,096,000 for 6 jnonths and
on $8,055,000 for 1 month, $327,420; less adjustment of June, 1901, interest on bonds
602
POOR S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
purchased and cancelled, $573.34), $326,846.66; St. Paul and Northern Pacific bonds
$481,260; Western RR. of Minn, bonds, $24,640; Minneapolis and Duluth bonds (8
months), $13,066.67; St. P. & D. RR. 1st mtge. bonds, $50,000; St. P. & D. RR. 2d mtge.
bonds, $100,000; St. P. &, D. RR. 1st consol. mtge. bonds, $40,000; T. F. & L. S. RR. bonds,
$12,600; Duluth Short Line bonds, $25,000— total, $6,624,865.83.
7. General Balance Sheet, June 30, 1902.
Northern Pacific Estate $280,398,12742
Equipment 24,671,73818
Prop'y Leased to Govt. of Manitoba. 7,000,000 00
Cash in Hands of Sink. Fd. Trustees. 1,677,140 12
Collateral for St. P.-Dul. Div. Bonds. 2,476,326 15
Collateral for Burlington Bonds .... 109,078,509 76
Cash on Hand and in Banks 8,377,434 90
Accounts Receivable 4,027,84981
Bills Receivable 39,13983
Materials on Hand 2,643,218 10
Treasury Securities (see Sec. 14) 12,774,893 56
Betterment and Enlarg. Fund Assets. 1,334,238 87
Insurance Fund Assets 693,848 88
Land Department : Balance of Land
Department's Current Assets 6,153,209 65
Total Assets $460,044,676 23
Common Stock and Scrip $166,000,000 00
Funded Debt — Issued..$271,202,700 00
Assum. 13,595,733 40— 284,798,433 40
Prior Lien Bonds Available for
Cash Fund to be Issued
Pay Rolls, Vouchers and Accounts.
Taxes Accrued on RR. ( partly est. ) .
Interest on Mtge. Debt — Accrued..
Matured..
Div. Unpaid — Common No. 13
St. P. & D. RR. Co.
Reserve Fund for Improve'ts, etc. .
Insurance Fund
Liquidation Fund
Profit and Loss
2,000,000 00
4,646,623 98
652,506 42
531,658 34
1,100,925 25
2,324,976 00
2,015 60
435,166 63
693,848 88
103.811 26
8,054,709 67
Total Liabilities $460,044,67523
8. Capital Stock. — The preferred stock was retired on Jan. 1, 1902, with the proceeds from
the sale of $75,000,000 of 4 p. c. convertible certificates, issued under date of Nov. 15, 1901 ; and
these certificates have been converted into common stock at par, increasing the outstanding amount
of common stock to $155,000,000. Shares are for $100 each, registered as to name, and transferable,
at the option of the holder, either in New York or at the Deutsche Bank, Berlin. No additional
mortgage can be placed upon the property without the consent of a majority of the whole amount
of outstanding capital stock, given at a meeting of the stockholders called for that purpose.
9. Funded Debt. — The funded debt outstanding on June 30, 1902 — total, $284,798,433.40, as
per general balance sheet — consisted of the several issues of bonds listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto subjoined
to the statement ; and the details of funded debt outstanding on or about Aug. 1, 1903, will be
found in the Ready Reference Bond List — see General Index :
Issued by N. P. Ry. Co.
prior line gold 4s of Jan. 1, 1997.
56,000,000 general lien gold 3s of Jan. 1, 2047.
8,757,000 St. P.-Dul. Div. gold 4s of Dec. 1, 1996.
107,677,200 (No. Pac.'s proportion) Burlington
gold 4s of July 1, 1921.
Assumed by N. P. Ry. Co.
$352,000 W. RR. of Minn. 1st 7s of May 1, 1907.
8,021,000 St.P.&N.P. gen. gold 6s of Feb. 1, 1923.
1,000,000 St. P. & D. 1st 5s of Aug. 1, 1931.
2,000,000 St. P. & D. 2d 5s of Oct. 1, 1917.
1,000,000 St.P.&D.lst con. gold 4s of June 1, 1968.
210,000 T. F. & L. S. 6s of Jan. 1, 1914.
500,000 D. Sht. Line 5s of Sept. 1, 1916.
280,000 M. & D. 1st gold 7s of Jan. 1, 1907.
232,733 Car Trust Notes, St. P. & D. RR.
Prior Lien Gold Bonds. — These bonds are a first lien, either by direct mortgage or through own-
ership of the securities, upon the entire property and assets of the company, save those covered by
the St. Paul and Northern Pacific general mortgage, and the St. Paul-Duluth Division mortgage,
upon which, subject to their existing underlying mortgages, they likewise have subsisting liens. The
amount authorized is $130,000,000, the unissued bonds being reserved for the retirement of the
bonds of the Western RR. of Minn, and of the St. Paul and Northern Pacific, and to provide for
new construction and improvements ; the issue for new construction, etc., not to exceed the amount
of $1,500,000 in any one year. The net proceeds of the land grant are applicable, to the extent
of one-half, but not exceeding $500,000 in any one year, to the purchase of prior lien bonds at
the price of not exceeding 110 p. c., and their cancellation, the other half to be applied, under care-
fully guarded restrictions, to the extension and improvement of the property covered by the mort-
gage.
General Lien Gold Bonds. — These are secured on the same property as the prior lien bonds, but
subject in lien thereto. The general lien mortgage authorizes a present issue of $60,000,000 bonds,
besides a reserve of $130,000,000 to provide for the prior lien bonds on or before their maturity.
The $4,000,000 unissued bonds of the present issue are reserved, under carefully guarded restric-
tions, to provide for construction, betterments, equipment, etc. Whenever prior lien bonds cannot be
purchased at 110 p. c. (see preceding paragraph), the land receipts available for that purpose may
be applied to the purchase of general lien bonds at not exceeding 100 p. c., and their cancellation.
St. Paul-Duluth Division Gold Bonds. — Secured on the railroad property formerly of the St.
Paul and Duluth RR. Co., comprising the Duluth Short Line, the Fond du Lac, West Superior,
Grantsburg, Cloquet, Miller, Taylor's Falls, and Stillwater Branches, the terminals at the head of
Lake Superior, and the lease of the line from White Bear to Minneaapolis (title to which was ac-
quired by the N. P. Ry. Co. on Nov. 1, 1901). They are subject in lien to the bonds and car trust
obligations of the St. Paul and Duluth RR. Co. (assumed by the N. P. Ry. Co., and included in the
preceding statement of funded debt), of which there were in all $4,942,733.40 outstanding on June
30, 1902. The lands included in the land grant of the St. Paul and Duluth RR. Co. were not in-
cluded in the old mortgages of that company. The title to such lands has been vested directly in the
Northwestern Improvement Co., which company issued therefor $4,000,000 of debentures to the
Northern Pacific Ry. Co. These debentures have been deposited with the Guaranty Trust Co. of
New York, trustee under the St. Paul-Duluth Division mortgage, as additional security for the St.
Paul-Duluth Division bonds, under an agreement by which, as the lands are sold, the proceeds are
to be applied to the purchase of the St. Paul-Duluth Division bonds at a price not exceeding 105
and accrued interest, or if the bonds cannot be purchased at that price, then to betterments or ad-
POOR S MANUAL NORTHERN PACIFIC RT. CO.
603
ditlons to the mortgaged premises. According, as the lands are sold and the proceeds applied as
above, a corresponding amount of the deposited debentures will be cancelled. The amount of bonds
authorized by the mortgage is $20,000,000, of which $10,186,000 have been issued, but $1,429,000
of these have been retired with net proceeds from land sales, and cancelled. Of the unissued bonds,
$4,957,000 are reserved for the retirement of the underlying bonds and car trust obligations, $407,-
000 for improvements to existing property, and $4,450,000 for extensions and additional branches,
terminal properties, and to double track existing lines.
Northern Pacific-Great Northern Joint Gold Bonds, Burlington Collateral. — Authorized to the
amount of $222,400,000, of which $215,154,400 of bonds and scrip had been issued at the close of the
fiscal year, June 30, 1902. Issued for the purpose of acquiring the capital stock of the Chicago.
Burlington and Quincy RR. Co. at the price of $200 per share, and secured by deposit of the shares
acquired, $107,577,200, as of June 30, 1902. The stock thus deposited is owned, one-half by the
Northern Pacific Ry. Co. and one-half by the Great Northern Ry. .Co., and the obligation on account
of the bonds is apportioned In like manner between the issuing companies, each one-half. In the
event of either company defaulting in its obligations, the company not in default becomes the sole
owner of the deposited shares, and assumes the entire liability on account of the bonds. The bonds
are subject to redemption on any Jan. 1 or July 1, after Jan. 1, 1906, at 105 p. c. and accrued in-
terest.
Western RR. of Minn. 1st Mtge. Bonds. — These bonds are secured on the section of the St. Paul
and Northern Pacific RR. from Sauk Rapids to Brainerd, Minn., 60.5 m., and on the land grant ap-
pertaining to that line.
St. Paul and Northern Pacific Gen. Mtge. Gold Bonds. — The St. Paul and Northern Pacific gen.
mtge. bonds are subject to the Western Minnesota bonds on the line from Sauk Rapids to Brainerd
and on the land grant, and are a first lien on the rest of the railroad and property formerly of the
St. P. & N. P. Ry. Co.
St. Paul and Duluth 1st Mtge. Bonds. — Secured on the main line and branches owned by the St.
Paul and Duluth RR. Co. on June 30, 1898 (see MANUAL for 1899, page 654), less one-half of mile-
age owned jointly with the Northern Pacific Ry. Co., a total of 171.9 miles. Provision is made in
the St. Paul-Duluth Division mortgage of the Northern Pacific Ry. Co. for the retirement of these
bonds on or before their maturity.
• St. Paul and Duluth 2d Mtge. Bonds. — Secured on the same property (171.9 miles) as the 1st
mtge. bonds, but subject in lien thereto. Provision is made in the St. Paul-Duluth Division mort-
gage of the Northern Pacific Ry. Co. for the retirement of these bonds on or before their maturity.
St. Paul and Duluth Consol. Mtge. Gold Bonds. — Secured on the St. Paul-Duluth Division, less
one-half of the line (total length, 23.2 miles) between Carlton and Duluth, a total of 213.3 miles,
but subject to prior liens. Provision is made in the St. Paul-Duluth Division mortgage of the North-
ern Pacflc Ry. Co. for the retirement of these bonds on or before their maturity.
Stillwater and St. Paid RR. Bonds. — Secured by first mortgage on the Stillwater Branch, 12.58
miles. St. Paul-Duluth Division bonds are reserved for the retirement of the $2,500 not presented
at maturity.
Taylor's Falls and Lake Superior RR. Bonds. — Secured by first mortgage on the Taylor's Falls
Branch, 20.5 miles. Provision is made in the St. Paul-Duluth Division mortgage of the Northern
Pacific Ry. Co. for the retirement of these bonds on or before their maturity.
Duluth Short Line RR. Bonds. — Secured by first mortgage on the line from Thompson, Minn.,
to West Superior, Wis., 17.75 miles. Provision is made in the St. Paul-Duluth Division mortgage
of the Northern Pacific Ry. Co. for the retirement of these bonds on or before their maturity.
Minneapolis and Duluth 1st Mtge. Gold Bonds. — Assumed by the Northern Pacific Ry. Co. in the
purchase of the line from White Bear to Minneapolis, Minn., 13.19 miles (see Sec. 2), and secured
by first mortgage on that line.
Car Trust Notes. — These consist of the unpaid balance of car trust notes of the St. Paul and Du-
luth RR. Co., as follows: Series A, $26,274, being 15 notes of $1,751.60 each, payable monthly;
Series B, $177,348.24, payable $14,779.02 each, Jan. 1 and July 1 ; Series C, $29,111.16, payable
$€,239.32 each, Dec. 15 and June 15.
1O. Land Department. — To aid in the construction of the road Congress voted to the North-
ern Pacific RR. Co. a land grant of 12,800 acres per mile within the States of Wisconsin, Minne-
sota, and Oregon, and of 25,600 acres per mile within the Territories of Dakota, Montana, Idaho, and
Washington. By the completion of its main line the company earned approximately 43,000,000
acres, of which, according to the record of the General Land Office, 24,829,259.26 acres had been
patented previous to June 30, 1901.
At the foreclosure sale of the Northern Pacific RR. Co.'s property the lands lying west of the
Missouri River were purchased by the Northern Pacific Ry. Co., the aggregate price paid therefor
being $5,605.200. By the absorption of the St. Paul and Northern Pacific Ry. 141,175.62 acres addi-
tional were acquired.
The following statement shows the condition of the land grant on June 30, 1902 :
LANDS.
Wisconsin
Undisposed
of June 30,
1901.
Acres.
592.70
I
Sold During C
Fiscal Year. i
Acres.
435.51
22,898.81
28,596.97
23,562.62
12,061.06
805,100.65
96,590.44
1,393,507.40
3,135.60
leceived from
ontracts Can-
jelled During
Fiscal Year.
Acres.
Net Adjust-
ments and
Corrections.
Acres.
Approximate
Area Unsold
June 30, 1902.
Acres.
157.19
91,017.94
95.15
84,193.47
40,940.60
12,260,138.15
1,582,100.63
3,655,751.22
207,073.29
4,999.62
103,942.87
6,248.80
1,316.95
1,730.12
5,467.01
25,430.84
2,349.85
7,896.70
160.00
3.725.08
545.19
L. F. <k D. Land. . .
26,829.98
St. P. & N. P. Land . . .
North Dakota
106,025.97
45,012.18
2,522.47
* 1,938. 34
29,879.81
*35,978.96
1,839.53
13,041,746.30
1,646,461.41
5 077 340 88
Oregon
208,209 36
Arkansas
4,999.62
Totals 20,261,161.27
* Deductions.
2,385,889.06
50,600.27
594.78 17,926,467.26
Land Contracts. — Land contracts on hand, June 30, 1902. amounted to $5,872,486.71, as fol-
lows : On lands covered by the prior lien mortgage of the Northern Pacific Ry. Co. as a first lien.
604
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
$5 629,622.97 ; contracts for sale of lands belonging to the St. Paul and Northern Pacific grant,
$129 485.43 ; contracts for the sale of lands belonging to the Little Falls and Dakota grant, $113,-
378.31.
Land Department Balance Sheet, June 30, 1902. — Assets: Contracts for the sale of lands (see
preceding paragraph), $5,872,486.71; accounts receivable, $83,783.10; cash turned over to N. P.
Ry. Co., $948,968.35 — total, $6,905,238.16. Liabilities: Accounts payable, $436,139.06; suspense
account! collections not taken to account by land agents, $356,976.78 ; tax fund reserved to pay
taxes in dispute, all of which is applicable to operations during several years previous to Sept. 1,
1896 $9 944 32 • balance of current assets, of which, as shown contra, $948,968.35 is cash turned
over to N. P.' Ry. Co., $6,102,178— total, $6,905,238.16.
11. Northern Pacific Estate, June 30, 1902. — Balance to debit of account, June 30, 1901,
$283 711,260.95 ; new mileage constructed and purchased, year ending June 30, 1902, $2,256,291.64;
real estate purchased, $450,384.90 — total, $286,417,937.49. Deductions : Net proceeds of Land De-
partment, $3,807,121.88; material taken from abandoned line, $10,476.41; sale of sundry prop-
erty, $1,819.40 ; profit and premium on sale and exchange of securities, $2,200,392.38 — totaU
$6,019,810.07. Net cost of Northern Pacific Estate, as per general balance sheet, $280,398,127.42.
1 2. Statement of operations and capital accounts for six fiscal periods ending Jane 30:
1897
(10 months.)
1898
1899
1900
1901
1902
Miles RR. Op. (aver.)
Pass. Train Mileage . .
Freight Train Mileage
Mixed Train Mileage..
4,367.36
2,599,690
5,269,646
4,362.00
3,295,279
6,115,784
4,579.30
3,768,864
6,595,298
4,714.19
3,549,206
6,053,981
888,255
5,100.14
4,930,530
6,493,499
1,030,766
5,019.36
5,904,092
8,604,904
923,307
Tot.Rev.Train Miles
Passengers Carried. . .
Passenger Mileage.. . .
Freight (tons) Moved
Freight (ton) Miles . .
Earnings — Passenger
Freight . .
Other
7,869,336
1,027,446
97,953,459
3,264,143
962,487,274
$
2,850,399
11,085,883
1,005,536
9,411,063
1,583,632
209,614,677
4,951,183
1,618,170,284
S
4,853,799
17,432,755
1,393,164
10,364,162
1,927,028
213,209,799
5,816,639
1,830,855,264
I
5,050,356
19,485,960
1,512,358
10,491,442
2,342,785
255,680,585
7,121,655
2,205,317,271
*
6,219,996
22,140,180
1,661,142
12,454,795
3,298,722
308,819,605
8,792,885
2,440,662,665
S
7,247,000
23,481,713
1,832,270
15,432,303
4,192,114
406.704,017
11,080,101
3,300,253,137
S
9,177,509
30,227,013
1,982,858
Gross Earnings
14,941,818
23,679,718
26,048,674
30,021,318
32,560,983
41,387,380
Operating Expenses .
9,155,873
11,095,371
12,349,452
14,394,628
16,640,143
21,288,414
Net Earnings
5,785,945
12,584,347
13,699,222
15,626,689
15,920,840
20,098,966
255,341
887,197
1,001,607
685,521
743,787
843,765
6,041,286
13,471,544
14,700,829
16,312,210
16,664,627
20,942,731
Payments — Taxes. . .
Interest on Bonds .
Lease Rentals
428,981
5,110,248
682,800
6,079,160
750,133
6,079,233
61,520
850,590
5,864,950
112,852
920,352
6,395,681
134,690
1.149,890
6,624,866
120,743
Dividends
3,000,000
4,600,000
5,400,000
6,200,000
8,499 946
Other Charges
12,229
3,811,709
2,176,619
3,000,000
2,011,285
3,000,000
Total Payments.
5,551,458
4-489,829
13,573,669
— 102,125
13,667,545
+1,033,284
15,228,391
+1,083,819
15,662,008
+1,002,619
19,395,445
+1 547 286
Gross Earn, per Mile .
Oper. Exp. per Mile. .
Net Earnings per Mile
Expenses to Earnings
Av.Rte.p.Pass.p.Mile
Av.Rte.p.Ton p.Mile.
Miles Road Owned. . .
Miles Track Owned. ..
Locomotives
4,105 50
2,515 71
1,589 79
61.28 p. c.
2.80 c.
1.14c.
4,521.06
5,311.21
582
5.428 63
2,543 64
2,884 99
46.86 p. c.
2.22 c.
1.06 c.
4,497.97
5,314.66
542
5,688 35
2,696 80
2,991 55
47.41 p. c.
2.28 c.
1.05c.
4,694.12
5,595.47
570
6,368 29
3,053 47
3,314 82
47.99 p. c.
2.35 c.
0.99o.
5,026.15
6,314.53
656
6,384 33
3,262 68
3,121 fi5
51. 10 p. c.
2.27 c.
0.9* c.
5,363.41
6,755.73
704
8,245 55
4,241 26
4,004 29
51.40 p.c.
2.18 c.
0.90 c.
5,452.59
6,947.30
796
Passenger Train Cars.
Freight Train Cars. . .
Misc. Equipment ....
Capital Stock
439
18,216
2,079
S
155,000,000
439
18,477
2,220
S
155,000,000
482
20,583
2,531
S
155,000,000
583
23,975
3,017
$
155,000,000
622
26,704
3,059
f
155,000,000
683
30.961
3,221
S
155,000 000
Funded Debt. .
161,000,000
162,500,000
162,000,000
177,183,597
177,925,789
286,798 433
Current Liabilities. . .
Contingent Liabilities
Surplus Revenue
3,880,232
603,753
489,829
5,552,762
4,031,043
387,703
6,880,517
4,123,577
1,420,986
8,736,816
4,153,959
2,504,805
8.159,767
3,852,416
3,507,423
9,493,872
697.66O
8,054,710
Total Liabilities. . .
North. Pac. Estate. . .
Equipment. . .
320.973.814
294,766,831
12 924 209
327.471.508
296,626,459
13,202,220
329,425,080
297,156,570
14,930,396
347,579,176
290,999,678
17,163 139
348,445,395
283.711.261
19,954 843
460,044,675
280,398,127
24 571 738
Other Capital Assets-
Current Assets.. .
195,103
13 087,671
161,174
17,481,655
1,205,275
16,132,839
281,731
39,134,628
11,170,072
33,609,219
120,130,976
34 943 834
Total Assets
320,973,814
327,471,508
329,425,080
347,579,176
348,445,395
460,044,675
POOR S MANUAL — NORTHERN PACIFIC RY. CO.
605
13. Betterment and Enlargement Fund*, June 30, 1902. — Credits : Fund provided
'by plan of reorganization. $5,000,000 ; proceeds of sale of $6,000,000 prior lien bonds, $6,050,970 ;
proceeds of sale of sundry property, $138,252.26 ; prior lien bonds due " Cash Fund " not drawn,
$2,000,000 ; net moneys from land sales, drawn from trustee, $14,098,330.38 ; interest on funds in
hands of trustee, $20,303-83 ; received from U. S. Circuit Court for bonds deposited under fore-
closure, $72,864 ; received from Farmers' Loan and Trust Co. for $1,000 gen. 2d mtge. bond, $1,100 ;
cash due from trustee, $3,364.41 — total, $27,385,184.88.
Debits: Expended to June 30, 1901, $19,675,408.41; expended year ended June 30, 1902 (for
equipment, $4,616,895.10; for new mileage, $1,205,617.90), $5,822,513; purchase of Washburn,
Bayfleld and Iron River Ry., $125,673.74 ; purchase of real estate and other property, $427,350.86 ;
balance unexpended (cash in hands Mercantile Trust Co., $3,364.41; prior lien bonds due from
trustee, $2,000,000 — total, $2,003,364.41 ; less cash due operating department, $669,125.54),
$1,334,238.87 — total, $27,385,184.88. There is in hands of trustee of prior lien mortgage, in "net
moneys " account, the sum of $735,684.83 available for the reimbursement of the cash advanced by
the operating department.
14. Treasury Securities. — Statement of treasury securities, exclusive of the bonds held to
represent the insurance fund, June 30, 1902 :
$702,000 Northern Pacific Ry. Co. St. Paul-Duluth Division bonds, valued at $702,000 00
2,775,000 Northwestern Improvement Co. stock, valued at 2,775,000 00
7,000,000 Northwestern Improvement Co. bonds, valued at 7,000,000 00
3000000 Washington & Columbia River Ry. Co. stock, valued at 1 00
1,000,000 Washington Central Ry. Co. stock, valued at 1 00
2 140 600 Clearwater Short Line Ry. Co. stock, valued at 2,140,600 00
• 350,000 Minnesota & International Ry. Co. stock, valued at 157,290 56
31,400 Lake Superior Terminal & Transfer Ry. Co. stock, valued at 1 00
$16,999,000
Total $12,774,893 56
15. RAILROAD LEASED BY THE NORTHERN PACIFIC RY. Co.
WASHINGTON CENTRAL RR Cheney to
Coulee City, Wash., 109.34 m. ; sundry spurs, 0.37
m. ; total track ( steel ; 56 Ibs. ) , 118.74 miles.
HISTORY. — Organized March 31, 1898, to take
over the property of the Central Washington RR.
Co., sold under foreclosure Jan. 19, 1898. The plan
of reorganization was outlined in the MANUAL for
1898, page 603. Leased for 999 years from March
1, 1898, to the Northern Pacific Ry. Co., posses-
sion of the property being taken by the lessee on
July 1, 1898. Rental, $61,520 a year, being interest
*on the bonds.
FINANCIAL STATEMENT. — Capital stock,
$1000,000; funded debt (1st gold 4s of March 1,
1948), $1,538,000 — total, $2,638,000. The Northern
Pacific Ry. Co. owns all of the capital stock and
$286,000 of the bonds, leaving $1,525,000 of the lat-
ter outstanding in the hands of the public. Be-
sides the $1,538,000 bonds already issued, the mort-
gage provides for the further issue of similar
bonds equally secured for the acquisition of ex-
tensions and branches and of equipment there-
for, at the rate of $15,000 per mile. The bonds are
secured on the entire property of the company,
now owned or hereafter acquired. The Interest
on them is guaranteed by the Northern Pacific
Ry. Co.
CORPORATE OFFICERS. — C. S. Mellen, Pros. ;
C. A. Clark, Treas., St. Paul, Minn. ; Geo. H. Earl,
Sec., New York, N. Y. Office, St. Paul, Minn.
16. Board of Directors, Northern Pacific Ry. Co., elected October 1, 1902.
D. Willis James, New York.N.Y.
Daniel S. Lamont. " "
Chas. S. Mellen.. St. Paul, Minn.
Samuel Rea.. .Philadelphia, Pa.
Wm.Rockefeller. NewYork.N.Y.
Geo. F. Baker.. .New York.N.Y.
J. S. Kennedy. . .
W. P. Clough. ..St. Paul, Minn.
E. H. Harriman.New York.N.Y.
Brayton Ives.
Samuel Spencer.New York.N.Y.
Charles Steele..
Jas. Stillinan.... "
Bben B. Thomas. " "
H.McK.Twombly,
CHARLES S. MELLEN, President St. Paul, Minn.
Daniel S. Lamont, Vice-President New York, N. Y.
J. M. Hannaford, 2d Vice-President St. Paul, Minn.
Sec. & Asst. Treas. — Geo. H. Earl. New York.N.Y. | Treasurer — C. A. Clark St. Paul, Minn.
Comptroller — Henry A. Gray St. Paul, Minn.
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
New York Office . .49 Wall St.
NORTHERN PACIFIC SYSTEM — Railroads Controlled by the Northern Pacific
Ry. Co., but Operated as Independent Organizations.
BELLINGHAM BAY AND EASTERN RR.— New Whatcom to Lake What-
com, Wash., 2.4 m. ; Woodlawn to Mannings, Wash., 3.8 m. ; total, 6.2 m. ; total track
(steel; 40 and 56 Ibs.), 7.45 miles. The company has trackage rights in the Great
Northern Ry., from Kentucky Junction to Whatcom Junction, 3.14 miles. Gauge, 4 ft.
8y2 in. Chartered Dec. 17, 1891; road from New Whatcom to Lake Whatcom, opened
June 8, 1892; Woodlawn to Mannings, Aug. 1, 1896. Purchased by the Northern Pacific
Ry. Co. in or about Oct., 1902. Locomotives, 2. Cars — freight (gondola, 5; coal, 29),
34 ; caboose, 1 ; logging, 20 — total, 55. Also 1 steamer and 2 barges.
General Balance Sheet, June 30, 1901 (latest rendered) Capital stock ($100
shares), $250,000; current liabilities, $259,064; other liabilities, $38,908; profit and
loss, $40,145— total, $549,209. Contra: Cost of road, etc., $353,840; materials, etc., $452;
.cash and current accounts, $137,801 ; other assets, $96,024 — total, $549,209.
606 POOR'S MANUAL OF RAILROADS — NORTHWEST.BBN GROUP.
Trustees (elected Dec. 29, 1902).— C. S. Mellen, C. W. Bunn, St. Paul, Minn.; J. A.
Nadeau, Seattle, Wash.; A. E. Law, A. G. Avery, Tacoma, Wash. OFFICERS: C. S.
MELLEN, Pres., St. Paul, Minn.; J. A. Nadeau, Vice-Pres., Seattle, Wash.; C. A. Clark,
Treas., St. Paul, Minn.; A. G. Avery, Sec., Tacoma, Wash. GENERAL OFFICE, Tacoma,
Wash.
MINNESOTA AND INTERNATIONAL BY.— Brainerd Shops to Blackduck,
Minn., 115.15 m.; total track (steel; 56 Ibs.), 143.66 miles. Gauge, 4 ft. 8y2 in.
History. — Chartered July 16, 1900, and on July 1, 1901, absorbed the Brainerd
and Northern Minnesota Ry. Co. (see MANUAL for 1901, page 588). The extension from
Bemidji to Blackduck, Minn., was put in operation Jan. 6, 1902. An extension from
Blackduck to the International Boundary at Koochiching, about 83 miles, is projected,
of which a section 15 miles long, from Blackduck to Bridgie, was under construction
June 30, 1902. The company uses 1.91 miles of the Northern Pacific Ry., from Brainerd
Shops to Brainerd, Minn. Controlled by the Northern Pacific Ry. Co., through owner-
ship of 70 p. c. of the capital stock and all the' indebtedness.
Rolling Stock, June 30, 1902. — Locomotives, 16. Cars — passenger, 3; baggage, etc.,
2; freight (logging, 487), 492; service, 10 — total, 507.
Operations, year ending June 30, 1902. — Trains run (passenger, 63,700; freight,
171,798; mixed, 5,984; other, 31,403), 272,885 miles. Passengers carried, 83,875; carried
one mile, 2,775,152. Tons freight moved, 1,130,830; ton-miles 91,508,115. Earnings
(passenger, $82,727.40; freight, $374,899.15; other, $9,400.75), $467,027.30. Operating
expenses, $342,242.51. Net earnings, $124,784.79; other receipts, $665.75 — total, $125,-
450.54. Payments: Interest on debt, $62,638.25; taxes, $9,132.84; improvements, $33,-
226.48— total, $104,997.57. Surplus, $20,452.97; surplus forward, $45,770.97— total,
$66,223.94. Deductions during year, $14,217.94. Balance, surplus, June 30, 1902, $52,006.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $500,000;
bills payable, $1,284,906.28; current liabilities, $96,952.29; taxes accrued $4,215.37;
profit and loss, $52,006 — total, $1,938,079.94. Contra: Cost of road, $1,736,111.77; equip-
ment, $62,599.68; materials, etc., $21,780.23; cash, $32,184.88; current accounts and
balances, $41,247.71; other assets, $44,155.67— total, $1,938,079.94.
Directors ( elected Oct. 1, 1901). — E. W. Backus, A. E. Horr, Minneapolis, Minn.;
C. S. Mellen, C. W. Bunn, R. H. Relf, Thomas Cooper, St. Paul, Minn.; W. H. Gem-
mell, Brainerd, Minn. OFFICERS: C. S. MELLEN, Pres., St. Paul, Minn.; D. S. Lament,
Vice-Pres., New York, N. Y.; C. A. Clark, Treas., St. Paul, Minn.; W. F. Brooks, See.,
Minneapolis, Minn. ; M. W. Downie, And., Brainerd, Minn. GENERAL OFFICE, Brainerd,
Minn.
MONTE CRISTO BY.— Everett June, to Snohomish, Wash., 11.5 m.; Hartford
June, to Monte Cristo, Wash., 42.39 m. ; trackage, N. Pacific Ry., Snohomish to Hart-
ford June., 8.2 m.— total operated, 62.09 miles. Sidings, 4.54 miles. Gauge, 4 ft. %l/2 in.
Rail (steel), 56 and 60 Ibs. Reorganization of the Everett and Monte Cristo Ry. Co. (see
MANUAL for 1899, page 724, and MANUAL for 1902, page 619). Purchased by Northern
Pacific Ry. Co. in Sept., 1902.
Operations, year ending June 30, 1902 (65.11 m.). — Earnings (passenger, $28,620;
freight, $86,916; other, $3,216), $118,752. Operating expenses, $94,849. Net earnings,
$23,903; other income, $859 — total, $24,762. Total deductions, $15,013. Surplus for
year, $9,749.
Trustees (elected Sept. 16, 1902). — C. S. Mellen. St. Paul, Minn.; A. E. Law, Ta-
coma, Wash. ; J. A. Nadeau, G. B. Cliff, Seattle, Wash. ; George H. Earl, New York, N. Y.
OFFICERS : C. S. MELLEN, Pres., St. Paul, Minn. ; J. A. Nadeau, Vice-Pres., Seattle, Wash. ;
C. A. Clark, Treas., St. Paul, Minn.; George H. Earl, Sec., New York, N. Y. GENERAL
OFFICE, Tacoma, Wash. ^ ^^ ^ YAS MAHOHIJJ
POET TOWNSEND SOUTHERN RR.-Port Townsend to Quilcene, Wash., 27.65
m.; Olympia to Tenino, Wash., 16.45 m.— total, 44.10 m.; total track (steel; 56 Ibs.), 45.92
miles. Gauge, 4 ft. 8y2 in. Chartered in May, 1886; road from Port Townsend to Quil-
cene opened in 1891. The Tenino Branch was built under the charter of Olympia and
Chehalis Valley RR. Co., and was purchased by this company. The Northern Pacific Ry.
Co. acquired the control of this company from the Pacific Coast Co., in Nov., 1902. Loco-
motives, 2. Cars— combination, 2; freight (box, 2; flat, 10), 12— total, 14.
General Balance Sheet, June 30, 1901 (latest rendered).— Capital stock ($100
shares), $3,000,000; funded debt (1st 6s of Aug. 1, 1923, int. F. & A.), $912,000; profit
and loss, $212,479.34— total, $4,124,479.34. Contra: Construction and property, $4,121,-
552.99; cash, $2,926.35— total, $4,124,479.34.
POOR'S MANUAL OP RAILROADS.
607
Trustees (elected Nov. 29, 1902).— C. 8. Mellen, Thomas Cooper, St. Paul, Minn.;
A. E. Law, B. S. Grosscup, A. G. A very, Tacoma, Wash.; I. A. Nadeau, G. B. Cliff,
Seattle, Wash. OFFICERS: I. A. NADEAU, Pres., Seattle, Wash.; C. S. Mellen, Vice-Pres.;
C. A. Clark, Treas.; E. H. Eelf, Sec,, St. Paul, Minn. GENERAL OFFICE, Tacoma, Wash.
WASHINGTON AND COLUMBIA RIVER RY.— Pendleton, Ore., to Dayton,
Wash., 128.41 m.; Eureka June, to Pleasant View, Wash., 19.73 m.; Athena to Killian
June., Ore., 14.59 m. — total, 162.73 m.; total track (steel; 66 Ibs.), 182.16 miles. The
tracks of the Northern Pacific Ry. are used from Wallula June, to Pasco June., Wash.,
a distance of 15 miles, making the total length of lines operated 177.73 miles.
History. — Chartered Aug. 4, 1892, as successor to the Oregon and Washington
Territory RR. Co. (see MANUAL for 1893, page 661). Controlled by the Northern
Pacific Ry. Co. through ownership of the capital stock and the income bonds.
Rolling Stock, June 30, 1902. — Locomotives, 5. Cars — passenger, 4; baggage, 1;
freight (box, 46; flat, 40; tank, 7), 93; service, 4— total, 102.
Operations, year ending June 30, 1902. — Trains run (passenger, 8,341; freight,
32,320; mixed, 94,854; other, 4,323), 139,838 miles. Passengers carried, 46,891; carried
one mile, 1,663,913. Tons freight moved, 265,017; ton-miles, 11,815,147. Earnings
(passenger, $58,869.86; freight, $396,312.10; other, $30,386.01), $485,567.97. Operating
expenses, $239,661.25. Net earnings, $245,906.72; other receipts, $3,581.80 — total, $249,-
488.52. Payments: Interest on bonds, $144,900; taxes, $17,670.71; improvements, $70,-
494.40 — total, $233,065.11. Surplus, $16,423.41; surplus forward, $65,826.49 — total,
$82,249.90.
General Balance Sheet, June 30, 1902.— Capital stock ($100 shares), $(3,000,000;
funded debt (see below), $4,745,000; current liabilities, $21,822.89; accrued taxes,
$9,245.09; repair funds, $34,411.70; profit and loss, $82,249.90— total, $7,892,729.58.
Contra: Cost of road, $7,714,548.36; equipment, $38,630; materials, etc., $21,989.27;
cash, $81,519.71; current accounts and balances, $33,542.24; other assets, $2,500 — total,
$7,892,729.58.
Funded Debt.— The funded debt consists of $2,500,000 1st gold 4s of July 1, 1935,
and $2,245,000 income non-cumulative 4s of July 1, 1935. The Northern Pacific Ry.
Co. owns all the income bonds.
Trustees (elected Sept. 18, 1902).— C. S. Mellen, St. Paul, Minn.; D. S. Lament,
G. H. Earl, New York, N. Y.; Joseph McCabe, A. R. Burford, J. L. Sharpstein, F.
W. Paine, W. T. Dovell, Rowland Smith, Walla Walla, Wash. OFFICERS: C. S MELLEN,
Pres., St. Paul, Minn; Joseph McCabe, Vice-Pres., Walla Walla, Wash.; George H.
Earl, Bee., New York, N. Y. ; J. G. Cutler, Treas., Walla Walla, Wash. GENERAL OFFICE,
Walla Walla, Wash.
UNION PACIFIC RAILROAD COMPANY.
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Bonds and Stocks Owned ..
Bonds and Stocks Pledged.
Capitalization of System...
Cap. Stock Owned and Afloat
Capital Stock, Remarks on.
Directors and Officers
Earnings and Expenses
Fixed Charges, Details of...
Floating Equipment, Details
Funded Debt, Details of 20
General Balance Sheet 19
History 1
Income Account 13
Income from Investments ... 15
Land Department 22
Lines Operated 3
Mileage of System 2
Operations and Income 17
Preferred Dividend Rights.. 17
Proprietary Lines 8
Profit and Loss Account 14
Rolling Stock. Details of 11
Securities Owned 21
Securities Pledged 23
Snake River Valley RR 4
Trackage Rights 4
Water Lines 7
1. History. — The Union Pacific RR. Co. was organized July 1, 1897, under an
act of the Legislature of Utah, approved Jan. 22, 1897, to carry out the plan of
reorganization of the Union Pacific Ry. Co. An outline of that plan is in the MANUAL
for 1896, on pages 920 and 921, and a review of the reorganization and of the develop-
ment of the system is in the MANUAL for 1902, on pages 556 et seq. The company
controls the Oregon Short Line RR. Co. and the Oregon RR. and Nav. Co., through
ownership of practically the whole of their capital stocks. The three companies are
treated as one in the report of the Union Pacific RR. Co., and the securities of one
owned by another are eliminated from the balance sheet, leaving only the stocks and
bonds outstanding in the hands of the public to be dealt with. The following state-
608
POOR'S MANUAL OF RAILROADS NORTHWESTERN GROUP.
nient shows the actual capitalization of the Union Pacific RR. Co. and auxiliary com-
panies :
Total
Outstand-
ing.
OWNED DY
Total
Owned by
the Three
Companies.
Balance
Afloat.
Union Pac.
RR.Co.
Oregon
Short Line
RR.Co.
Oregon
RR. A
Nav. Co.
BONDED DEBT.
Union Paci6c:
1st Mtge. Bonds
i
100,000,000
91,952,000
14,931,000
4,993,000
1,802,000
672,000
12,328 000
|
g
$
$
$
100,000,000
91,952,000
14,931,000
4,993,000
1,802,000
Oregon Short Line
O S L Ry 1st 6s
U & N Ry 1st 7s
U A N Ry Consols 5s
U & P RR 1st 5s
672,000
672,000
O S. L RR Consols 5s .
12,328,000
511,000
153,000
21,347,000
81,000
O S L RR Income A
7,185,000
14,841,000
61,000,000
21,347,800
81,000
6,635,500
14,688,000
61,000,000
38,500
6,674,000
14,688,000
61,000,000
800
O S L RR Income B
*N.Pac.Pur.Money Certs
800
Oregon RR. <fe Navigation:
Conso). Mtge. 4s
O. R. & N 1st 6s
Totals
331,132,800
191,952,000
139,180,800
104,059,900
99,540,100
27,460,100
24,000,000
11,000,000
22,900
50,000
40,000
110,000
825,000
245,000
50,000
82,323,500
'82,323,566
2,000
8,200
27,340,700
7,679,900
9,883,179
710,500
Vio.soo
800
'"soo
83.034,800
'83,034,866
2,000
8,200
27,450,100
23,961,790
10,983,045
22,900
50,000
40,000
110,000
825,000
245,000
50,000
248,098,000
191,952,000
56,146,000
104,057,900
99,531,900
10,000
38,210
16.955
Union Pacific Totals
Auxiliary Co. Totals
CAPITAL, STOCKS.
Union Pacific — -Common
Preferred
Oregon Short Line. .
169,466
16,281,400
976,900
22,900
50,000
40,000
110,000
825,000
245,000
50,000
Ore. RR. & Nav. — Common
490
122,966
Pref'd
Boise City Ry & Term Co
New East Tin tic Ry .
St. Anthony Ry. . .
Salmon River RR.
Utah & Pacific RR
Utah, Nevada & Cal. RR. . .
Wyoming Western RR
Totals
267,403,000
203,600,000
63,803,000
44,913,979
10,200
44,903,779
18,710,600
123,456
63,748,035
10,200
63,737,835
203,654,965
203,589,800
65,165
Union Pacific Totals
Auxiliary Co. Totals
18,710,600
123,456
Grand Totals
598,535,800
395,552,000
202,983,800
127,237,479
10,200
127,227,279
19,421,100
124,256
146,782,835
10.200
146,772,635
451,752,965
395,541,800
56,211,165
Union Pacific RR. Co
Auxiliary Companies
19,421,100
124,256
•These have been retired since the close of the fiscal year and $82,491,000 of 4 p. c. and par-
ticipating bonds have been issued ; $41,000,000 of the latter have been sold and $41,491,000 of them
are held In the treasury of the Union Pacific RR. Co.
-. Mileage of the System, June 30, 1902.
Uyion Pacific RR.: Operated by U. P. RR. Co 2,941.84m.
*0wned but not oper. by U. P. RR. Co. . 7.04 m. 2,948.88 miles
Oregon Short Line RR.: Operated by O. S. L. RR. Co 1.683.40m.
•Leased to Nor. Pacific Ry. Co.. 56.59 m.— 1,739.99
Trackage Rights 9.29
Oregon RR. d tfav. Co.: Lines owned absolutely 878.10m.
Proprietary lines 194.38 m.
Northern Pacific Terminal Co 2.54 m. — 1,075.02
Snake River Valley RR 65.85
*Ilwaco Ry. d Nav. Co. (controlled by O. RR. & N. Co.) 15.26
•I/., K. d West. Ry. (controlled by U. P. RR. Co.) 165.65
*Leavenworth d Topeka Ry. (owned jointly; U. P.'s half) 23.29
Total length of lines in the system, June 30, 1902 6,043.23 mile
*Deduct lines not operated by U. P. and auxiliary companies 267.83 '
Mileage operated by U. P. and auxiliary companies, June 30, 1902. . 5,775.40 mile
Average mileage operated during year 5,710.56 '
Except as shown in this statement, the accounts and statistics of the Oregon Short
Line RR. Co. and of the Oregon RR. and Nav. Co. are no longer published separately
Railroad Map of Montana, Wyoming and Idaho.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual— Railroad Map of the United States, 1903.
MONTANA, WYOMING AND IDAHO.
Vest from 109° Greenwich
105°
Washington 30°
Railroad Map of Montana, Wyoming and Idaho.
Twenty-Two Years of Protection
(SEPTEMBER, 1888.)
By HENRY V. POOR.
Pp. 222. 8vo. Paper. Price, 3O cents.
PREFACE.
The financial history of the United States naturally divides
itself into three periods : The first, the Period of Construction—
the work of the Fathers ; the second the Period of the attempted
Destruction of this work ; the third, of its Restoration. The first
period, of 40 years, extends from the formation of the Govern-
ment in 1789 to the close of the administration of John Quincy
Adams in 1829 ; the second period, of 36 years, extends from the
beginning of General Jackson's administration in 1829 to the
restoration of peace in 1865 ; the third period of 22 years, extends
to the end of 1887; for although the election of Mr. Cleveland
nominally put an end to the period of Restoration, he so far has been
unable to undo its distinctive feature — a return to the Protective
policy of the Fathers. The object of this work is to display the
Period of Restoration; hence its title, — "Twenty-Two Years of
Protection." To a proper understanding of this period, a com-
petent knowledge of the events of the two preceding periods, as
well as of the Colonial Period, is a necessary condition.
PRICE, FIFTY CENTS.
Sent to any address on receipt of the price*
Poor's Railroad Manual Co.
68 William Street, New York City.
Or, may be ordered through any bookseller.
POOR'S MANUAL UNION PACIFIC RR. CO.
609
but are combined with those of the Union Pacific RR. Co. in the report ef that company.
For that reason the separate statements for those companies have been practically
eliminated from the MANUAL (see Sec. 24). The Union Pacific RR. Co. owns the
Leavenworth, Kansas and Western Ry. Co. and is half owner (The Atchison, Topeka
and Santa Fe Ry. Co. owning the other half) of the Leavenworth and Topeka Ry. Co.
Those companies are operated separately by their own organizations, and their statistics
are not included in the report of the Union Pacific RR. Co. The Oregon RR. and Nav.
Co. owns the Ilwaco Ry. and Nav. Co., but that company also is operated by its own
organization, and its statistics are not included in the report of the Union Pacific RR. Co.
3. Lines of Road Operated. — The following is a detailed statement of the mileage
operated by the Union Pacific RR. Co., Oregon Short Line RR. Co. (exclusive of track-
age rights) and Oregon RR. and Nav. Co. (exclusive of Snake River Valley RR.), the
results from whose operation are included in the report of the Union Pacific RR. Co.
for the year ending June 30, 1902:
Union Pacific RR.
MAIN LINES (1,651.36 miles).
Miles.
Council Bluffs, la., to west of Ogden, Utah.. 1,011.84
Kansas City. Kan., to Denver, Col 639.52
BRANCHES (1,297.52 miles).
Valley to Beatrice, Neb 96.72
Valparaiso to Stromsburg, Neb 53.30
•Columbus to Norfolk, Neb 50.37
Oconee to Albion, Neb 34.54
Genoa to Cedar Rapids, Nco 30.55
Grand Island to Ord, Neb 60.77
Scotia Junction to Scotia, Neb 1.37
St. Paul to Loup City, Neb 39.40
Boelus to Pleasanton, Neb 22.06
Kearney to Galloway, Neb 65.79
Cheyenne to Fort Russell, Wyo 2.04
Echo to Park City, Utah 27.59
Leavenworth to Lawrence, Kan 31.63
Manhattan to Beatrice, Kan 92.33
Blue Springs June, to Blue Springs, Kan. 0.67
Junction City to Concordia, Kan 70.86
Lawrenceburg to Belleville, Kan 17.15
Solomon to Beloit, Kan 56.89
Salina to McPherson, Kan 35.46
Salina to Oakley, Kan., via Colby 225.35
Cheyenne, Wyo., to Denver, Col 106.22
Julesburg to La Salle, Col 149.46
Brighton to Boulder, Col 27.00
Total, U. P. RR 2,948.88
Deduct mileage not operated :
Cheyenne to Fort Russell, Wyo.... 2.04 m.
Ogden, Utah, west 5.00m.— 7.04
Mileage operated by U. P. RR. Co... 2,941.84
Oregon Snort Line RR.
MAIN LINES (1,184.34 miles).
Granger, Wyo., to Huntington, Ore 541.81
Pocatillo, Ida., to Silver Bow, Mont 255.97
Ogden, Utah, to McCammon, Ida 110.63
Ogden to Frisco, Utah 275.93
BRANCHES (290.49 miles).
Butte to Garrison, Ont.( leased to N.P.Ry.). 56.59
Shoshone to Ketchum, Ida 70.00
Nampa to Boise City, Ida 1(5. 42
Cache Junction to Preston, Utah 42.35
Lehl Junction to Tintic, Utah 53.52
Ironton, Utah, to Northern Spy Mine 6.81
Mammoth Junction to Mammoth, Utah — 1.82
Silver City Junction to Eureka, Utah 3.24
Salt Lake City, Utah, to Terminus 27.32
Saltair Junction to Saltair, Utah 2.42
PROPRIETARY ROADS (265.16 miles).
Boise City Ry. & Term. Co. :
Junction to Boise City, Ida 5.56
New East Tintic Ry. :
Mammoth to Mammoth Mine, Utah 1.99
St. Anthony RR. : Miles.
Idaho Falls to St. Anthony, Ida 37.46
Salmon River RR. :
Blackfoot to Mackay, Ida 85.98
Utah & Pacific RR. :
Milford, Utah, to Nevada Line 74.22
Utah, Nevada & California RR. :
Utah-Nevada Line to Calientes, Nev 40.93
Wyoming Western RR. :
Moyer to Cumberland, Wyo 16.o7
Glencoe Junction to Glencoe, Wyo 2.36
Total Oregon Short Line RR 1,739.99
Deduct mileage leased to N. P. Ry. Co 56.59
Mileage operated by O. S. L. RR. Co..l,683.40
Oregron RR. & Nav. Co.
MAIN LINES (518.78 miles).
Willamette Bridge Connec., Portland, Ore.
East Portland to Huntington, Ore
Umatilla, Ore., to Wallula, Wash
Grange City to La Crossa, Wash
Farmington to Spokane, Wash
BRANCHES (353.98 miles).
Heppner Junction to Heppner, Ore
La Grande to Elgin, Ore
Pendleton to Blue Mountain, Ore
Tekoa, Wash., to Mullen, Ida
Wallace to Burke, Ida
Wardner, Ida., to Sierra Nevada Mine
Milton, Ore., to Walla Walla, Wash
Walla Walla to Grange City, Wash
Bolles to Dayton, Wash
Starbuck and Pomeroy, Wash
Winona to Seltice, Wash
Fairfleld to Waverly, Wash
PROPRIETARY ROADS (199.72 miles).
Cascades RR. (3 ft. gauge) :
Lower to Upper Cascades, Wash
Columbia and Palouse RR. :
Council, Wash., to Moscow, Ida
Coif ax to Farmington, Wash
Mill Creek Flume & Mfg. Co. (3 ft. gauge) .
Walla Walla to Dudley and Dixie, Wash.
Walla Walla and Columbia River RR. :
Wallula Junction to Walla Walla, Wash.
Blue Mountain to near Milton, Ore
0.22
402.03
27.12
28.99
60.42
45.40
20.89
28.15
87.10
6.67
4.37
12.79
52.11
13.90
30.00
47.84
4.76
6.00
117.32
27.48
13.40
30.18
5.34
LEASED LINE (2.54 miles).
Northern Pacific Terminal Co. :
Albina to Albina Junction, Ore 2.13
Willamette Bridge Connection, E. Port-
land, Ore 0.41
Total O. RR. & Nav. Co 1,075.02
610
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
4. Changes in Mileage Operated. — During the year ending June 30, 1902, the
mileage of the Union Pacific RR. was shortened 9.56 miles by change of line in
Wyoming and 6.78 miles by the abandonment of the Carbon Spur, and was lengthened
0.04 mile at Marysville, Kan., a net decrease of 16.3 miles. A further decrease in
mileage operated by the company was occasioned by the surrender on Feb. 1, 1902,
of trackage rights between Norfolk, Neb., and Sioux City, la., 74.94 miles. The mileage
of the Oregon RR. and Navigation Co. was increased by the construction of the branch
from a point near Wardner to the Sierra Nevada Mine, 4.37 miles, which line was
opened for operation on July 1, 1901. The Snake River Valley RR., from Wallula
to Grange City, Wash., 65.85 miles, considered as a branch of the Oregon RR. and
Nav. Co.'s. railroad in the report for the year ending June 30, 1901, is not taken
into account of mileage as of June 30, 1902, although it is controlled and operated
by the company named. The Oregon Short Line RR. Co. increased its mileage by
the construction of the Salmon River RR., 85.98 miles, and of the Utah, Nevada and
California RR., 40.93 miles, both of which were put in operation in Aug., 1901. It
lessened its mileage 5.85 miles by transferring the Syracuse Branch to account of
sidings, 9.29 miles by excluding trackage rights (Northern Pacific Ry., from Silver
Bow to Butte, Mont., 8.69 miles, and Ogden Union Ry. and Depot tracks, 0.6 mile)
and 0.06 mile by remeasurement. There was also an apparent increase of 132.69 miles,
the New East Tintic Ry., St. Anthony RR., Utah and Pacific RR. and Wyoming
Western RR. not having been included in the statement of lines operated by the Oregon
Short Line RR. Co. on June 30, 1901, although they were put in operation before that
date.
5. Track Mileage. — Summary of track mileage of the lines embraced in the sys-
tem on June 30, 1902, exclusive of the Leavenworth and Topeka Ry. and the railroad
of the Ilwaco Ry. and Nav. Co.; also, mileage of water lines of the Oregon RR. and
Nav. Co.:
First
Track.
Second
Track.
Side
Track.
Total
Track.
Water
Lines.
Union Pacific RR
Miles.
2,948.88
Miles.
74.41
Miles.
937.38
Miles.
3,960.67
Miles.
Leavenworth, Kansas & Western Ry
165.65
10.90
176.55
Oregon Short Line RR
1,739.99
2.18
302.76
2,044 93
Oregon RR. & Navigation Co
1,075.02
152.74
1,227.76
1,035.00
Totals
5,929.54
76.59
1,403.78
7,409.91
1 035 00
Gauge, 4 ft. 8a/2 in. Two short lines of the Oregon RR. and Navigation Co. are
of 3 ft. gauge. Rail (mostly steel), 52 to 90 Ibs.
6. Lines Owned, but Not Operated.— The Union Pacific RR. Co.'s line from Ogden,
Utah, to a point five miles west is leased to the Central Pacific Ry. Co. The line from
Cheyenne to Fort Russell, Wyo., 2.04 miles, is operated by the Colorado and Southern
Ry. Co.; the ownership of it is claimed both by that company and by the Union Pacific
RR. Co. The Oregon Short Line RR. Co.'s line from Butte to Garrison, Mont., 56.59
miles, is leased to and operated by the Northern Pacific Ry. Co.
7. Water Lines. — The Oregon RR. and Nav. Co. operates steamship and steamboat
lines as follows: Ocean Division — Portland, Ore., to San Francisco, Cal., 660 miles.
River Division — Lower Columbia River route, Portland to Flavel, Ore., and Ilwaco,
Wash., 120 miles; Willamette River route, Portland to Dayton and Eugene, Ore.,
177 miles; Snake River route, Riparia, Wash., to Lewiston, Ida., 78 miles — total water
lines of O. RR. and Nav. Co., 1,035 miles.
8. Proprietary Railroads. —The Oregon Short Line RR. Co. owns the entire
outstanding capital stock of the Boise City Railway and Terminal Co., New East
POOR S MANUAL — UNION PACIFIC RR. CO.
611
Tintic Ry. Co., St. Anthony RR. Co., Salmon River RR. Co., Utah and Pacific RR.
Co., Utah, Nevada and California RR. Co. and Wyoming Western RR. Co. No bonds
have been issued by those companies. The Oregon RR. and Nav. Co. owns all the
securities of the Cascade RR. Co., Columbia and Palouse RR. Co., Mill Creek Flume
and Manufacturing Co. and Walla Walla and Columbia River RR. Co., and has them
deposited as security under its mortgages (see Sec. 23). The same company controls
and operates the Snake River Valley RR. Co., and will own its entire capital stock
when issued. As these several companies are practically incorporated with the parent
companies, it has been decided to discontinue the publication of separate statements for
them (see MANUAL for 1902, page 569).
9. Capitalization of System. — The following statements show the mileage and
capitalization of the system and the average capitalization per mile on June 30, 1901, and
on June 30, 1902, the amounts of stock and bonds held by companies of the system
being shown separately from the amounts thereof afloat:
(a) Amount of stock per mile of the system on June 30, 1901, and on June 30, 1902:
Road
Owned.
Stock
Issued.
Average
per Mile.
Held by
Cos. in
System.
Average
per Mile.
Held by
Public.
Average
per Mile.
U P Proper June 30 1901
Miles.
2965 18
$
201 538900
S
67969
$
$
*
201,538,900
$
67.96S
' June 30 1902
2,948.88
203,600,000
69,044
10.200
3
203,589,800
69,04
Auxiliary Lines, June 30, 1901
June 30, 1902
Entire System, June 30, 1901
June 30, 1902
2,617.24
2,812.47
5,582.42
5,761.35
62,460,100
63,803,000
263,999,000
267,403,000
23,865
22,686
47,291
46,414
62,360,256
63,737,835
62,360,256
63,748,035
23,827
22,663
11,171
11,065
99,844
65,165
201,638,744
203,654,965
3i
2:
36,12(
35,34<
('/) Amount of bonds per mile of the system on June 30, 1901, and on June 30, 1902:
Road
Owned.
Bonds out-
standing.
Average
per Mile.
Held by Cos.
in System.
Average,
per Mile.
Held by
Public.
Average
per Mile.
U P Proper June 30 1901
Miles.
2,965.18
$
193,957,000
$
65,411
S
445,500
S
150
$
193,511,500
S
65,261
June 30 1902
294888
191,952.000
65,093
191,952,000
65093
Auxiliary Lines, June 30, 1901
June 30, 1902
Entire System, June 30, 1901
June 30, 1902
2,617.24
2,812.47
5,582.42
5,761.35
137,322,800
139,180,800
331,279,800
331,132,800
52,469
49,486
59,343
57,474
82,613,300
83,034,800
83,058,800
83,034,800
31,565
29,523
14,878
14,412
54,709,500
56,146,000
248,221,000
248,098,000
20,904
19,963
44,465
43,062
(c) Total capitalization per mile of the system on June 30, 1901, and on June 30, 1902:
Road
Owned.
Total of
Stocks &
Bonds.
Average
per mile.
Stocks &
Bonds held
in System.
Average
per Mile.
Stocks
and Bonds
Moat.
Average
per Mile.
U P Proper June 30 1901
Miles.
2,965.18
2,948.88
2,617.24
2,812.47
5.582.42
5.761.35
$
395,495,900
395,552,000
199,782,900
202.983,800
595,278,800
598.535.800
$
133,380
134,137
76,333
72,172
106.634
103.888
$
445,500
10,200
144,973,556
146,772,635
145,419.056
146.782.835
1
150
3
55,392
52,186
26,049
25.477
$
395,050,400
395,541,800
54,809,344
56,211,165
449,859,744
451.752.965
$
133,230
134,134
20,941
19,986
80,585
78.411
June 30 1902
Auxiliary Lines, June 30, 1901
June 30, 1902
Entire System June 30 1901
June 30. 1902...
1O. Interests in Other Railroad Systems. — The Union Pacific RR. Co. owns
$90,000,000, being about 45.5 per cent., of the capital stock of the Southern Pacific
Company (see GENERAL INDEX). The Oregon Short Line RR. Co. owns $82,491,871
of the $364,867,849 capital stock of the Northern Securities Co., which holds large
interests in the stocks of the Northern Pacific Ry. Co. and Great Northern Ry. Co.
In May, 1901, $78,108,000, being more than 50 per cent, of the capital stock of the
Northern Pacific Ry. Co., was acquired in the interest of the Union Pacific RR. Co.
The title to this stock was vested in the Oregon Short Line RR. Co., and that company
612
POOR S MANUAL OP RAILROADS — NORTHWESTERN GROUP.
provided for the purchase by issuing to the Union Pacific RR. Co. $61,000,000 in 4
per cent, purchase-money certificates of indebtedness, and by borrowing a large amount
on its notes. An exchange of the Northern Pacific stock for shares of the Northern
Securities Co. was effected, under the terms of which the Oregon Short Line RR. Co.
received for its holdings capital stock of the Northern Securities Co. to the amount
of $82,491,871 face value, and $8,900,007.40 in cash. The shares of the Northern
Securities Co. thus acquired have been deposited as collateral to an issue of an equal
amount of 4 per cent, and participating bonds of the Oregon Short Line RR. Co. (see
Section 20a), and all of these bonds and the $8,900,007.40 in cash before mentioned
have been delivered to the Union Pacific RR. Co. to reimburse it for advances made
in connection with the purchase of the Northern Pacific stock. The $61,000,000 of
purchase-money certificates given by the Oregon Short Line RR. Co. to the Union
Pacific RR. Co., as well as the other obligations incurred in connection with the trans-
action, have been satisfied and cancelled.
11. Rolling Stock, June 30, 1902.— Locomotives (U. P. RR., 489; O. S. L. RR.,
178; O. RR. & N. Co., 120), 787. Passenger train cars (U. P. RR., 349; 0. S. L.
RR., 149; O. RR. & N. Co., 82), 580. Freight train cars (U. P. RR., 13,325; O. S. L.
RR., 5,333; 0. RR. & N. Co., 2,423), 21,081. Road and miscellaneous cars (U. P.
RR., 1,824; 0. S. L. RR., 406; O. RR. & N. Co., 472), 2,702. Total cars (U. P. RR.,
15,498; O. S. L. RR., 5,888; O. RR. & N. Co., 2,977), 24,363. The following statement
gives the details of passenger and freight car equipment:
PASSENGER TRAIN CARS.
fcrt
P«
%
O
tf_;
§3
"3
I
FREIGHT TRAIN CAHS.
*«
ptf
•-J .
°2§
O
tf .
&r.
p«
i
$
56
18
14
88
Box
6,937
995
1 606
9 538
24
7
9
40
Caboose. .
204
78
48
330
24
7
7
38
Flat
264
243
171
678
13
5
3
21
Furniture
1,264
220
179
1 663
Chair
51
25
5
81
Gondola
2,197
2 337
111
4 645,
17
3
2
22
H. B. Coal.. . .
5
607
612"
18
7
3
28
Ore
20
2O
3
3
Refrigerator
377
4
381
1
1
Stock..
2,077
701
240
3 018
100
34
34
168
Narrow-gauge Cars. . . .
152
44
196
Passenger and Caboose
7
7
postal
35
is
4
591
Narrow-gauge Cars
30
1
31
Total .
349
149
82
580
Total
13,325
5 333
2 423
21 081
12. Water Line Equipment, 0. RR. & N. Co., June 30, 1902. — Steamships, 3;
river steamers, 10; tug, 1 ; barges, 6; wharf boat, 1 — total vessels, 21.
13. General Income Account (3 RRs., av. 5,710.56 m.), year ending June 30, 1902.
Earnings —Passenger $9,011,230 87
Freight 33,982,78165
Mail, Express, etc 2,559,969 73
Miscellaneous 1,085,647 05
Total ($8,167.26 per mile) $46,639,629 30
Water Lines 860,65020
Expenses — Maint. Way and Structures.$5,947,905 91
Maintenance of Equipment. 4,568,699 08
Conducting Transportation. .11,686,928 41
General Expenses 1,076,168 60
Total ($4,076.61 per mile) $23,279,70200
Water Lines 909,76383
Gross Earnings $47,500,279 50 Operating Expenses $24,189,465 83
Net earnings (49.08 p. c.), $23,310,813.67; other income (interest, $309,562; divi-
dends, $4,063,031.33; rentals, etc., $208,008.43), $4,580,601.76— total, $27,891,415.43.
Deductions: Taxes, $1,369,760.53; interest on funded debt in hands of public, $10,450,-
787.37; other interest, $1,497,094.48; sinking fund requirements, $12,013.33; miscella-
neous expenses and advances to L., K. & W. Ry. Co., $29,584.29; interest on 0. S.
L. RR. Co. income, A and B bonds in hands of public, $28,926.66; dividends, U. P. RR.
Co. (4 p. c. on common stock and 4 p. c. on preferred stock), $8,186,634; dividends,
POOR S MANUAL— UNION PACIFIC RR. CO.
613
4 p. c., on preferred stock of 0. RR. & N. Co. in hands of public, $654 — total, $21,-
575,454.66. Surplus, $6,315,960.77; apppropriation for betterments, improvements and
.equipment, $2,000,000; balance to profit and loss, $4,315,960.77.
14. Profit and LOSS Account, June 30, 1902. — Balance at credit, June 30, 1901
(income account, $15,844,965.51; sinking funds, $796,101.16; improvement funds, $185,-
067.88), $16,826,134.55; surplus income for year, $4,315,960.77: sinking fund, contribu-
tions and income from sinking fund investments, $22,543.95; proceeds from sale and
lease of lands which are to be appplied under provisions of mortgage toward the pay-
ment for improvements and equipment, $475,184.40 — total, $21,639,823.67. Contra:
Adjustments in accounts, $245,017.54; uncollected accounts charged off, $33,114.59:
balance at credit June 30, 1902, $21,361,691.54.
15. Interest and dividends collected by Union Pacific RR. Co., and auxiliary com-
panies, year ending June 30, 1902:
Bonds.
Stocks.
Total.
Atchison Union Depot & RR. Co. 2d mtge. 5s
$
225 00
$
I
225 00
City of Junction City, Kansas, improvement 6s
300 00
300 00
Columbia Southern Ry. Co. 1st mtge. 6s
35,000 00
35,000 00
Cheyenne County, Colorado, judgment 7s
917 00
917 00
Green River Water Works Co. 1st mtge. 6s
12,480 00
12,480 00
Leavenworth Depot & RR. Co. Stock
566 66
500 00
4,310 00
4,310 00
Northern Pacific RR. Co. Common Stock
740,460 66
740,460 00
Northern Pacific RR. Co. Preferred Stock
821,790 00
821,790 00
Northern Pacific Terminal Co. 1st mtge. 6s
4,050 00
4,050 00
Northern Securities Co. Stock
2,199,781 33
2,199,781 33
Pacific Express Co. Stock
252,000 00
252,000 00
Rattlesnake Creek Water Co. 1st mtge. 6s . . .
13,140 00
13,140 00
Short Line Land & Improvement Co. Stock
500 00
500 00
Sumpter Valley Railway Co. 1st mtge. 6s
3,840 00
3,840 00
Union Depot &• RR. Co., Denver, Stock
48,000 00
48,000 00
Union Pacific Coal Co. 1st mtge. 5s
235,300 00
235,300 00
Totals
309,562 00
4,063,031 33
4,372,593 33
16. Interest paid on funded debt in the hands of the public, by Union Pacific
RR. Co. and auxiliary companies, year ending June 30, 1902.
Year Ending Year Ending
June 30, 1902. June 30, 1901.
FIXED CHARGES.
Union Pacific RR. Co. 1st mtge. railroad and land grant 4 p. c. gold bonds . . . $3,991,240 00 $3,921,370 00
Union Pacific RR. Co. 1st lien convertible 4 p. c. gold bonds 3,643,373 37 626,380 00
Oregon Short Line RR. Co. consolidated 1st mtge. 5 p. c. gold bonds 616,400 06 516,913 90
Oregon Short Line Ry. Co. 1st mtge. 6 p. c. bonds 895,860 00 895,860 00
Utah & Northern Ry. Co. 1st mtge. 7 p. c. bonds 349,510 00 349,265 00
Utah & Northern Ry. Co. consolidated 1st mtge. 5 p. c. bonds 96,100 00 90,100 00
Utah <fc Northern Ry. Co. consolidated mortgage 5 p. c. sinking funds 12,013 33
Utah & Pacific RR. Co. 1st mtge. 5 p. c. bonds 33,600 00
Oregon RR. <fe Navigation Co. consolidated mtge. 4 p. c. bends 825,514 00 787,960 00
Oregon Railway &• Navigation Co. 1st mtge. 6 p. c. bonds 5,190 00 15,060 00
Oregon Ry. & Navigation Co. 1st mtge. 6 p. c. sinking funds 81,320 00
Total $10,450,787 37 $7,296,242 23
CONTINGENT CHARGES.
Oregon Short Line RR. Co. non-cumulative income A 5 p. c. bonds
Oregon Short Line RR. Co. collateral trust non-cumulative income B 4 p. c.
bonds
23,576 66
5,350 00
24,833 81
8,200 00
Total $10,479,714 03 $7,329,276 04
17. Capital Stock. — The preferred stock of the Union Pacific RR. Co. has priority over the
common stock for non-cumulative dividends at the rate of 4 p. c. per annum, but is not entitled to
any further share of the net profits of the company. The preferred stock of the Oregon RR. and
Nav. Co. is entitled to non-cumulative dividends at the rate of 4 p. c. per annum in priority to com-
mon stock, and is entitled to a pro rata share of any dividends In excess of 4 p. c. on both classes of
the capital stock. In case of the liquidation of the company the holders of the preferred stock of the
Oregon RR. and Nav. Co. shall be entitled to receive the par amount of their stock out of tha assets,
in priority to the common stock.
614
POOR S MANUAL OF RAILROADS NORTHWESTERN GROUP.
18. Statement of operations and income of the Union Pacific RR. Co. and auxiliary
companies for two fiscal years ending June 30, 1901 and 1902. The statistics of the
Oregon RR. and Nav. Co.'s water lines are not included for either year.
1901
1902
1901
1902
Miles Road Operated
568604
571056
Earnings — Passenger
1
7,924,689 94
1
9,011,230 87
Passenger Train Miles
8 191 621
8384 103
Freight
31,436,359 57
33,982,781 65
Freight Train Miles
9,968 177
9,817,280
Mail and Express ....
2,504,255 06
2,559,969 73
Mixed Train Miles
470569
450559
Miscellaneous
924,613 24
1,085,647 05
Total Rev. Train Miles
18630367
18 651 942
Groes Earnings.
42,789,917 81
46,039,629 30
Passengers Carried
3 118862
3398659
Expenses— Maint., Way, etc. .. . .
Equipment
5,429,781 96
4,471,242 38
5,947,905 91
4,568,699 08
Pass. One Mile p. Mile Road
Aver. Pass. Trip— Miles
59,906
10922
70,130
11784
Transportation
General
11,603,704 88
1,059,024 36
11,686,928 41
1,076,168 60
19 t>A
$2 65
Operating Expenses
22,563,753 58
23.279,702 00
Tons Commercial Freight
8 312 371
8590193
Net Earnings
20,220,164 23
23,359,927 30
Tons Company Freight
3,200,789
3.202,202
Total Tons Moved .
11 513 160
11 792 395
Gross Earnings per Mile
7,525 43
8,167 26
Ton Miles per Mile Road
671,235
751,097
Operating Expenses per Mile. . . .
3.968 27
4.076 61
Average Haul — Miles
331 50
36372
Net Earnings per Mile
3,557 16
4,090 65
Aver. Earnings per Ton .
$3 78
{3 96
Expenses to Earnings
52. 73 p. c.
49.91 p. c.
Aver. Train Load— Tons
365.62
417.73
Earn, per Freight Train Mile
1301
13 31
19. Condensed General Balance Sheet, June 30, 1902.
Cost of Roads, Equipment, etc $353,809,18000
Construction of new Lines 1,220,31348
Stks. and Bonds Owned(see Sec. 21). 141,494,985 77
Trust Funds 358,177 61
Improvement and Equipment Funds. 120,085 20
Current Assets ($13,047,156.52) :
Agents and Conductors 618,62249
Cash 4,886,33356
Individuals and Companies 1,166,06364
Material, Fuel and Supplies 3,635,11548
Traffic Balances 148,56638
U. S. Government 716,54797
Accrued Interest, Bonds Owned 1,325,961 67
Accrued Divid., No. Sec. Co. Stock. 549,945 33
Deferred Assets ($5,125,094.26) :
Construction Advances 4,393,887 59
Proprietary Companies 731,206 67
Contingent Assets ($3,882,223.30) :
Unadjusted Claims and Accounts. . 805,411 94
Land Contracts 3,076,81136
Total Assets $519,057,21614
Capital Stock Afloat (see Sec. 9) :
U. P. RR. Common Stock $104,057,90000
U. P. RR. Preferred Stock 39,531,900 00
O. S. L. RR. Common Stock 10,00000
O. RR. & N. Common Stock 38,210 00
O. RR. & N. Preferred Stock 16,954 60
Funded Debt Afloat — U. P. RR 191,952,000 00
O. S. L. RR... 34,718,00000
O. RR. & N.Co. 21,428,000 00
Current Liabilities ($41,416,539.93) :
Unpaid Coupons inc. July 1 2,669,682 95
Interest Accrued 2,732,159 70
Loans and Bills Payable* 28,750,00000
Vouchers and Pay Rolls 2,913,469 28
Dividends Unpaid 4,351,228 00
Deferred Liabilities ($1,184,030.58) :
Taxes Assessed, not Due
Proprietary Companies
Contingent Liabilities ($3,341,989.49)
Insurance Fund
Replacement Funds
Deferred Land Payments 3,076,811 36
Profit and Loss 21,361,69154
730,472 53
453,558 05
188,327 16
76,850 97
Total Liabilities $519,057,21614
•Since the close of the fiscal year these loans have been provided for from the proceeds of the
sale of $31,000,000 face value Oregon Short Line 4 p. c. and participating bonds, and from other as-
sets (see Sees. 10 and 20a).
2O. Funded Debt. — The funded debt of the Union Pacific RR. Co. and Auxiliary Companies
outstanding on June 30, 1902 (total, $248,098,000), consisted of the several issues of bonds listed
in the following statement. Additional particulars respecting any issue will be found in the para-
graph relating to it appended to the statement, and in Sec. 1, and the details of funded debt out-
standing on or about Aug. 1, 1903, will be found in the Ready Reference Bond List — see General In-
dex :
Union Pacific RR. ($191,952,000) :
$100,000,000 1st gold 4s of July 1, 1947.
91,952,000 1st lien conv. gold 4s of May 1, 1911.
Oregon RR. d Nav. Co. ($21,428,000) :
$21,347,000 Consol. gold 4s of Jan. 1, 1946.
81,000 O. Ry. & N. 1st gold 6s of July 1, 1909.
Oregon Short Line ($34,718,000) :
$14,931,000 O. S. L. Ry. 1st gold 6s of Feb. 1, 1922.
4,993,000 U. & N. Ry. 1st 7s of July 1, 1908.
1,802,000 U. & N. Ry. Consol. g. 5s of July 1, 1926.
12,328,000 Consol. 1st gold 5s of July 1, 1946.
511,000 Income "A" 5s of July 1, 1946.
153,000 Income "B" 4s of July 1, 1946.
ADDITIONAL. PARTICULARS RESPECTING BONDS OF UNION PACIFIC RR. CO.
First Mtge. Gold Bonds. — The mortgage securing these bonds does not cover the following lines
owned by the U. P. RR. Co. : Branch lines in Nebraska, 454.76 miles ; Manhattan, Blue Springs,
Junction City and Colby Branches, in Kansas, 406.38 miles ; Julesburg District, in Colorado, 151.53
miles — total, 1,012.67 miles. The mortgage covers the rest of the lines owned by the company, ag-
POOR'S MANUAL UNION PACIFIC RR. CO. 615
gregating 1,952.51 miles in length, and will be secured, either by actual conveyance or by deposit
of securities, upon future acquisitions. The mortgage also covers, either directly or by beneficial
ownership, the lands and land assets of the company, and of the Union Pacific Land Co. (see
Sec. 22).
First Lien Convertible Gold Bonds. — Secured as a direct first lien on 1,014.27 miles of road not
covered by the 1st mtge. bonds (see preceding paragraph). The mortgage also embraces the following
securities, which have been deposited with the trustee : $75,000,000 capital stock of the Southern
Pacific Co. ; $27,334,700 capital stock of the Oregon Short Line RR. Co. ; $7,663,500 common stock
and $9,876,200 preferred stock of the Oregon RR. and Nav. Co. ; $1,000,000 capital stock of the
Leavenworth, Kansas and Western Ry. Co., and $4,706,000 1st mtge. gold bonds of the Union Pa-
cific Coal Co. Under the terms of the mortgage the company has the right to withdraw at any time
from the lien and trusts thereof any or all of the Southern Pacific stock, upon delivering to the
trustee in substitution therefor an amount in any or either of the following securities equal at par
to one-half the par value of the Southern Pacific stock withdrawn, to wit : Common stock of the
Oregon RR. and Navigation Co. ; Oregon Short Line Income A and B bonds, or new bonds which
may be issued by the O. S. L. RR. Co., and for which such A and B bonds may be exchanged. The
company may also withdraw any or all of the pledged securities, or secure a release of any or all
lines from the lien of the mortgage, upon the payment to the trustee of the fixed valuation of such
securities or properties. The bonds are subject to redemption at 102 J p. c. and accrued interest, on
any interest day after May 1, 1906 ; and until May 1, 1906, they are convertible into common stock,
dollar for dollar. The total amount of bonds Issued under the mortgage was $100,000,000, but
$8,048,000 of them have been converted into common stock, leaving $91,952,000 outstanding on
June 30, 1902.
ADDITIONAL PARTICULARS RESPECTING BONDS OF THE OREGON RR. AND NAVIGATION CO.
Consol. Mtge. Gold Bonds. — Secured on the entire present and future property of the Oregon RR.
and Nav. Co., subject only to the lien of the outstanding 1st mtge. bonds of the Oregon RR. and Nav.
Co. (see next paragraph). The bonds are further secured by deposit with the trustee of the follow-
ing stocks and bonds : Columbia and Palouse RR. Co. 1st mtge. bonds, $2,829,000 ; Columbia and
Palouse RR. Co. stock, $1,000,000 ; Walla Walla and Columbia River RR. Co. stock, $600,000 ; Mill
Creek Flume and Mfg. Co. stock, $200,000 — total, $4,629,000. The amount of bonds authorized by
the mortgage is $24,500,000, of which $21,670,000 were to be used as provided in the plan of re-
organization (see MANUAL, for 1889, page 678), the remaining $2,830,000 to be issued for new con-
struction at not exceeding the rate of $20,000 per mile of constructed road.
First Mtge. Gold Bonds, O. Ry. & N. Co. — Secured by first mortgage on about 640.17 miles of tha
main line of the former O. Ry. & N. Co., on $100,000 capital stock of the Walla Walla and Colum-
bia River RR. Co., on $300,000 capital stock of the Cascades RR., and on the ships and rolling stock
of the company. The bonds are retired through the operation of a sinking fund of 1 p. c. per annum
on the original amount of $6,000,000, the company being authorized by the plan Of reorganization
to cover the amount required for the sinking fund by disposal of consol. mtge. bonds. The out-
standing bonds of this issue were called for redemption on Jan. 1, 1902, and interest ceased to accrue
on them on that date.
ADDITIONAL PARTICULARS RESPECTING BONDS OF THE OREGON SHORT LINE RR. CO.
First Mtge. Gold Bonds, O. S. L. Ry. Co. — Secured by first mortgage on the main line from
Granger, Wyo., to Huntington, Ore., 541.82 miles, and on the branch from Shoshone to Ketchum,
Ida., 70 miles — total, 611.82 miles. The total issue is $14,931,000, but $55,000 bonds are held in
the treasury, leaving $14,876,000 actually outstanding.
First Mtge. Bonds, Utah and Northern Ry. — Secured by first mortgage on the line from Ogden,
Utah, to Silver Bow Junction, Mont., 390 miles, and on the branch (leased to Northern Pacific Ry.
Co.) from Butte to Garrison, Mont., 56.59 miles. The total issue is $4,993,000, but $1,000 bonds
are in the treasury.
Consol. Mtge. Gold Bonds, Utah and Northern Ry. — Secured on the same property as the Utah
and Northern Ry. 1st mtge. bonds (see preceding paragraph), but subject in lien thereto.
Consol. 1st Mtge. Gold Bonds. — Secured by first mortgage on all lines owned by the Oregon
Short Line RR. Co. south of Ogden, Utah, and on the Idaho Central Ry., a total of 400 miles. Also
secured by lien junior only to the divisional mortgages on all lines formerly of the Oregon Short
Line and Utah Northern Ry. Co. (see MANUAL for 1896, page 940). The authorized issue is $36,-
500,000, of which a sufficient amount is reserved for the retirement of prior liens and the balance
for the general purposes of the company.
Income A Bonds. — Secured on the entire property of the Oregon Short Line RR. Co., subject to
prior liens. The bonds are to receive interest, if earned at the rate of 5 p. c. per annum, non-cumu-
lative, before any interest can be paid on the income B bonds (see next paragraph). The total issue
is $7,185,000, of which the Union Pacific RR. Co. owns $6,614,000 and the Oregon Short Line RR.
Co. $38,500, leaving $532,500 outstanding in the hands of the public.
Income B Bonds. — Secured on the entire property of the Oregon Short Line RR. Co., subject to
prior liens. Also secured by deposit of $16,281,400 common stock of the Oregon RR. and Nav. Co.
The bonds are entitled to interest at the rate of 4 p. c. per annum, non-cumulative, payable out of
the earnings of the company, or out of dividends on the $16,281,400 common stock of the Oregon
RR. and Nav. Co., or both. The total issue is $14,841,000, of which the Union Pacific RR. Co. owns
$14,635,000, leaving $206,000 outstanding in the hands of the public.
2Oa. Oregon Short Line 4 p. c. and Participating Gold Bonds. — On July 17, 1902,
the Oregon Short Line RR. Co. executed a trust deed to the Equitable Trust Co., of New York, pledg-
ing the $82,491,000 common stock of the Northern Securities Co., owned by it as security for an
issue of bonds to an equal amount. The bonds are dated Aug. 1, 1902, and will mature on Aug. 1,
1927, but any or all of them may be redeemed at 102 J p. c. and accrued interest, on any interest
day after at least three months' published notice. They bear interest at the fixed rate of 4 p. c. per
annum, but In addition to such fixed interest they are entitled to receive for every calendar year,
beginning with 1903, an amount equal to any dividends and interest in excess of 4 p. c. upon the
amount of the outstanding bonds that may be paid in cash during the year upon the deposited col-
lateral. The entire issue was delivered to the Union Pacific RR. Co. ; $41,000,000 of the bonds
have been sold, the proceeds of $31,000,000 of them being used to pay off the floating debt contracted
in the purchase of Northern Pacific stock (see Sec. 10), and the proceeds of the remaining $10,-
000,000 being held in the treasury of the Union Pacific RR. Co. for the future use of that company.
616
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
21. Securities owned by Union Pacific RR. Co. and auxiliary companies in rail-
road and other properties, showing totals issued and outstanding. Amounts owned
by companies of the system and amounts held by the public, June 30, 1902.
Total
Outotand'g.
OWNED BY
Total
Owned
by the
Three COB.
Balance
Afloat.
U.P. RR.
Co.
0. S. L.
RR. Co.
O.RR.4
N.Co.
BONDS.
U P and Auxiliary Cos. (see Sec. 1)
$
331.132,800
36.000
26,200
5,000
2,829,000
700,000
208,000
131,000
303
100,000
150,000
3.718,000
326.000
146,000
150,000
5,000,000
10,000,000
7,000
422.000
S
82,323,500
4,500
26.200
5,000
$
710,500
800
$
83,034,800
4.500
26,200
5,000
2,829,000
700,000
208,000
131,000
303
74,500
63,000
135,000
163,000
146,000
64,000
4,706,000
10,000,000
7,000
422,000
$
248,098,000
31,500
Atchison Un. Dep. 4 RR. Co. 2d Mtge. 5 p. c
Cheyenne Co Colo Judgment 7 p. c
City of June. Citv, Davis Co., Kan. Int. Imp. 6 p.c.
CoL A Palouse RR. Co. 1st Mtge. 7 p. c
Col So Ry Co. 1st Mtge 6 p. c
2,829,000
700,000
Green River Water Works Co. 1st Mtge 6 p. c. ...
Idaho Central Ry Co 1st Mtge 6 p c
208.000
131,000
Kansas City Nw. RR. Co. 1st Mtge 5 p. c. Scrip . .
Leavenw*th A Topeka Ry. Co., 1st Mtge. 4 p. c. . .
Leaven w'th Dep. A RR. Co. 1st Mtge. 5 p. c
No. Pac. Terminal Co. 1st Mtge 6 p. c
Ogden Un Ry A Dep Co 1st Mtge. 5 p. c
303
74,500
63,000
163,666
146,000
25,500
87,000
3,583,000
163,000
135,000
Rattlesnake Creek Water Co. 1st Mtge. 6 p. c. ...
Sumpter Valley Ry Co 1st Mtge 6 p. c
64.000
7,666
422,000
86,000
294,000
Union Pacific Coal Co. 1st Mtge. 5 p. c
Union Pacific Land Co. 1st Mtge. 4 p. c
Utah Central Ry. Co 1st Mtge. 6 p. c
4,706,000
10,000,000
Utah So. RR Co. 1st Mtge. 7 p. c
Total Bonds
355.087.303
267.403,000
150,000
300,000
1,000,000
50,000
225,000
1,000,000
50,000
150,000
. 200,000
352,126,917
10,000,000
300,000
6,000,000
1,000
78,300
100,000
197,849,227
125,000
110,000
400,000
495,000
282,200
135,000
10,000
5,000,000
100,000
500
25,000
700,000
399.625
97.720,003
44,913,979
96,000
1,334,500
18,710,600
3,664,800
123,456
102,719,303
63,748,035
96,000
300,000
1,000,000
50,000
225,000
1,000,000
25,000
50,000
200,000
82,491,871
5,000,000
150,000
2,400,000
1,000
78,300
50,000
90,000,000
125,000
55,000
240,000
45,000
46,700
135,000
10,000
5,000,000
100,000
500
25,000
700,000
399,625
252,368,000
203,654,965
54,000
STOCKS.
U. P. and Auxiliary Cos. (See Sec. 1)
Cascade RR Co
300,000
1,000.000
Columbia A Palouse RR. Co
Desert Salt Co ... ....
50,000
Green River Water Works Co
225,000
1,000,000
25,000
50,000
Leavenworth, Kansas A Western Ry. Co
25,666
100,000
Leavenworth Depot A RR Co
Mill Creek Flume A Manufacturing Co.
200,000
Northern Securities Co ~
Occidental A Oriental Steamship Co
Ogden Union Railway A Depot Co
'5,000,666
' 150,000
2,400,000
82,491,871
269,635,046
5.000,000
150,000
3,600,000
Pacific Express Co
1.000
Rattlesnake Creek Water Co .
78,300
Short Line Land A Improvement Co
50,000
50,000
107,849,227
Southern Pacific Co. . ."
Spokane Union Depot Co
90,000,000
125,000
55,000
240,000
45,000
46,700
135,000
10,000
5,000,000
100,000
500
Topeka Iron Co
55,000
160,000
450,000
235,500
Union Depot A Railway Co (Denver)
Union Depot Oo. (Kansas City)
Union Elevator Co. (Council Bluffs)
Union Elevator Co. (Omaha)
Union Land Co.
Union Pacific Coal Co
Union Pacific Land Co
Union Pacific Water Co
Utah Lime A Cement Co
25,000
Walla Walla A Columbia River RR. Co
700,000
Wood River Improvement Co
399,625
Total Stocks
844,765,769
150,095,104
101,328,471
2,323,456
253,747,031
591,018,738
Grand Total Bonds and Stocks
1,199.853,072
247,815,107
102,662,971
5,988,256
356,466,334
843,386,738
22. Land Grant Lands. — This company has acquired by direct conveyance under foreclosure
sale the lands and rights which belonged to the Union Pacific Ry. Co., acquired through the land
grants to the Denver Pacific Ry. and Telegraph Co. and the old Union Pacific RR. Co. The lands and
rights derived from the land grant to the Kansas Pacific Ry. Co. were conveyed under foreclosure
sale to the Union Pacific Land Co., a corporation organized under the laws of Utah. The capital
stock of the Land Company Is $100,000, all of which is owned by the Union Pacific RR. Co. The
Land Company has issued its bonds in the amount of $10,000,000, secured by mortgage upon all of
its property, to the Mercantile Trust Co. of New York, as trustee. The stock and bonds of the Land
Company are pledged with the Mercantile Trust Co., as trustee, under the first mortgage of the
Union Pacific RR. Co. The net proceeds from the sale of lands belonging to the Union Pacific RR.
Co., after payment of expenses and taxes appertaining thereto, and all sums of money received on
account of Interest or principal of the bonds of Union Pacific Land Co., or dividends upon the
POOR S MANUA1
-UNION PACIFIC RR. CO.
617
stock of the same company, are under the provisions of the Union Pacific RR. Co.'s first railroad
and land grant mortgage set apart and held by the trustee as a cash improvement and equipment
fund to reimburse the railroad company for any expenditures for betterments, improvements, equip-
ment or other properties not paid for out of other funds or charged to operating expenses or cost
of maintenance. For the year ending June 30, 1902, the transactions in respect of the above-men-
tioned lands were as follows :
Net proceeds applied during the year under provisions of mortgage, $1,253,193.44 ; number of
acres sold, 1,258,340.17 ; total amount received (cash and principal of deferred payments), $2,170,-
746.55 ; average price received per acre, $1.73 ; number of acres of land remaining unsold June 30,
1902, 5,241,777.85 ; estimated value of lands and town lots remaining unsold June 30, 1902,
$4,101,506.27; land contracts outstanding June 30, 1902, $6,688,226.79.
23. Bonds and stocks owned June 30, 1902, pledged as security under the follow-
ing Mortgage Indentures:
BONDS.
UNION PACIFIC
RR. Co.
OREGON SHORT LINE RR. Co.
OREGON RR. &
NAV. Co.
Total.
1st RR. 4
LandGr.
Mtge.
1st Lien.
Conool.
Mtge.
Consol.
1st
Mtge.
Inc. B.
Mtge.
U4N
1st
Mtge.
U4N
Con.
Mtge.
Consol.
1st Mtge.
0. Ry.4
N.Co.
IstMtge.
Col iPalouseKR 1st 6s
$
$
$
$
$
*
$
2,829,000
I
S
2,829,000
55,000
130,000
4,706,000
10,000,000
1,000
6,000
422,000
55,000
Idaho Central Ry. 1st 6s
130,000
Union Pacific Coal 1st 5s.
4,706,000
Union Pacific Land 1st 4s
10,000,000
Utah & Northern Ry. 1st 7s
1,000
Utah Central Ry 1st 6s
6,666
422000
Utah Southern RR. 1st 7s .
Total Bonds
STOCKS.
Cascade RR. Co
10,000,000
4,706,000
558,000
1,000
55,000
2,829,000
18,149.000
300,000
1,000,000
1,000,000
200,000
9,876,200
23,944,900
27,334,700
75,000,000
100,000
700,000
300,000
Columbia 4 Palouse RR. Co
1,000,000
Leav., Kan. and West. Ry. Co
1.000,000
Mill Creek Flume and Mfg Co
200,000
Ore. RR. 4 Nav. Co. Pref
9.876,260
Com
Oregon Short Line RR. Co
7,663,500
27,334,700
16,281,400
Southern Pacific Co
75,000,000
Union Pacific Land Co
100,000
Walla Walla 4 Col. R. RR Co
700000
Total Stocks
Total Bonds and Stocks
100,000
120,874,400
16,281,400
1,900.000
300,000
139,455,800
10,100,000
125.580,400
558,000
16,281,400
1,000
55,000
4,729,000
300,000
157,604,800
24. AUXILIARY RAILROADS THE STATISTICS OF WHICH ABE INCLUDED IN THE REPOBT
OF THE UNION PACIFIC RR. Co.
OREGON Hit. & NAV. CO Chartered July
16, 1896, under the laws of Oregon, as successor
to the Oregon Ry. and Nav. Co. (see MANUAL for
1898, page 256). The company Is controlled by
the Union Pacific RR. Co. through ownership of
practically its entire capital stock (see Sec. 1).
All accounts and statistics are included in the
report of the Union Pacific RR. Co.
DIRECTORS (elected Sept. 4, 1902). — E. S. Ben-
son, H. W. Corbett, W. W. Cotton, Wm. Crooks,
W. M. Ladd, A. L. Mills, A. L. Mohler, H. W.
Scott, Portland, Ore. ; Wm. L. Bull, Henry W.
Cannon, Wm. D. Cornish, Winslow S. Pierce,
New York, N. Y. ; E. H. Harriman, Arden, N.
Y. ; Otto H. Kahn, Morristown, N. J. ; Miles C.
Moore, Walla Walla, Wash. Officers: A. L.
Mohler, Pres., Portland, Ore. ; Wm. D. Cornish,
Vice-Pres., New York, N. Y. ; W. W. Cotton, Sec.,
Portland, Ore. ; F. V. S. Crosby, Treas., New
York, N. Y. OfRce, Portland, Ore.
OREGON SHORT LINE RR — Incorporated
Feb. 9, 1897, as successor to the Oregon Short Line
and Utah Northern Ry. Co., In accordance with the
for 1896, pages 940 and 941. Controlled by the
Union Pacific RR. Co. through ownership of
more than 99 p. c. of the capital stock (see Sec.
1). All accounts and statistics are included in
the report of the Union Pacific RR. Co.
DIRECTORS (elected Oct. 8, 1902).— Oliver
Ames, Samuel Carr, T. Jefferson Coolidge, Jr.,
Gardiner M.Lane, Oliver W. Mink, Boston. Mass. ;
Francis S. Bangs, Wm. D. Cornish, Wm. E. Glyn,
Edwin Gould, Winslow S. Pierce, New York, N.
Y. ; Horace G. Burt, Omaha, Neb. ; George J.
Gould, Lakewood, N. J. ; E. H. Harriman, Arden,
N. Y. ; W. S. McCormick, Salt Lake City, Utah ;
Otto H. Kahn, Morristown, N. J. Officers : E. H.
Harriman, Pres., Arden, N. Y. ; Wm. D. Cornish,
Vice-Pres. ; Alex. Millar, Sec. ; F. V. S. Crosby,
Treas\, New York, N. Y. Office, Salt Lake City,
Utah.
25. Board of Directors, U. P. RR. Co., elected October 14, 1902.
Oliver Ames Boston, Mass.
Horace G. Burt... Omaha, Neb.
T. J. Coolldge.Jr.. Boston, Mass.
Thos. T. Eckert..New York.N.Y.
Louis Fitzgerald. " "
Geo. .T. Gould. . .Lakewood, N. J.
E. H. Harriman.. Arden, N. Y.
Marvin Hughitt.. . . Chicago, 111.
Ja*. H. Hyde. .Morristown, N.J.
Otto H. Kahn. ..New York, N. Y.
Chas.A.Peabody..New York.N.Y.
Winslow S. Pierce. "
Jacob H. Schlff.
James Stillman.
H. H. Rogers. . .
618 POOR'S MANUAL OP RAILROADS — NORTHWESTERN GROUP.
Board of Directors, U. P. SR., Executive Committee.
E. H. HARRIMAN, Chairman New York, N. Y.
George J. Gould Lakewood, N. J. I Otto H. Kahn New York, N. Y.
Marvin Hughltt Chicago, 111. | Winslow S. Pierce (ex-offlclo).. "
James Stillman New York, N. Y.
HORACE G. BURT, President Omaha, Neb.
Win. D. Cprnish, Vice-President New York, N. Y.
Secretary — Alex. Millar New York, N. Y.
Treasurer — F. V. S. Crosby
Traffic Mgr. — J. C. Stubbs Chicago, 111.
Comptroller — Wm. Mahl New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 120 Broadway, New York, N. Y.
Operating Headquarters Omaha, Neb.
UNION PACIFIC SYSTEM. — Controlled Railroads, operated by their own organiza-
tions.
ILWACO RY. AND NAV. CO.— Ilwaco to Nahcotta, Wash., 15.26 m.; total
track (steel; 35 Ibs.), 16 miles. Gauge, 3 ft.
History.— Chartered May 16, 1888; road opened May 29, 1899. The Oregon RR.
and Nav. Co. acquired control of this company late in 1900, but operates the property
separately.
Rolling Stock. — Locomotives, 3. Cars — passenger, 6; freight (box, 6; flat, 6), 12
— total, 18. Also two river steamers.
Operations, year ending June 30, 1902. — Earnings (passenger, $10,317; freight,
$9,088; other, $213), $19,618. Operating expenses, $16,564. Net earnings, $3,054; other
receipts, $5,025 — total, $8,079. Total deductions from income $8,922. Deficit for year,
$843.
General Balance Sheet, June 30, 1901 (latest rendered).— Capital stock ($125,~
000 auth.; $50 shares), $124,300; current liabilities, $159,208; other liabilities, $8,021
— total, $291,529. Contra: Cost of road and equipment, $251,146; securities owned,.
$6,535; materials, etc., $525; cash and current assets, $4,131; other assets, $12,940;
profit and loss, $16,252 — total, $291,529.
Directors.— E. S. Benson, W. H. Kennedy, W. Minor, A. L. Mohler, Portland, Ore.;
J. R. Goulter, Ilwaco, Wash. OFFICERS: A. L. MOHLER, Pres.; G. W. Mulks, Treas.,
Portland, Ore.; J. R. Goulter, Sec., Ilwaco, Wash.; E. S. Benson, Gen, Aud., Portland,
Ore. GENERAL OFFICE, Portland, Ore.
LEAVENWORTH, KANSAS AND WESTERN RR.— Leavenworth to Milton-
vale, Kan. (excluding 0.57 m. at Valley Falls, used jointly with the A., T. & S. F.
Ry. Co.), 165.63 m.; trackage (see below), 26.33 m.— total operated, 191.96 miles.
Sidings, etc., 10.32 miles. Gauge, 4 ft. Sy2 in. Rail (steel, 166.87 m.), 56, 58 and 60
Ibs. Trackage consists of the following: A., T. & S. F. Ry. at Vallev Falls, Kan.,
0.57 m. ; Leavenworth Depot and RR., at Leavenworth, Kan., 0.27 m. ; M. P. Ry.
and U. P. RR., joint owners, Leavenworth to South Leavenworth, 1.0 m. ; U. P. RR.,
South Leavenworth to Leavenworth June., 2.93 m. ; M. P. Ry., Leaven\\orth June.,
to Kansas City, Kan., 19.94 m. ; U. P. RR., Kansas City, Kan., to freight depot, Kansas
City, Mo., 1.62 m.— total, 26.33 miles.
History. — Chartered Sept. 18, 1897, to take over the property of the Kansas
Central RR. Co., which was sold under foreclosure on June 25, 1897 (see MANUAL for
1897, page 805). Controlled by the Union Pacific RR. Co., which owns the entire
capital stock.
Rolling Stock, — Locomotives (leased), 7. Cars — passenger, 8; freight (box, 31;
stock, 2), 33; service, 2 — total cars, 43.
Operations, year ending June 30, 1902. — Earnings (passenger, $51,530; freight,.
$148,756; other, $16,117), $216,403. Operating expenses, $211,724. Net earnings,.
$4,679. Total charges, $22,811. Deficit for year, $18,132.
General Balance Sheet, June' 30, 1902.— Capital stock ($100 shares), $1,000,000;.
current liabilities, $348,182 — total, $1,348,182. Contra: Cost of road and equipment..
$1,193,408; materials, etc., $13,556,- cash and current assets, $34,292; profit and lossv,
$106,926— total, $1,348,182.
Directors.— Robert W. Blair, N. H. Loomis, Topeka, Kan. ; H. M. Engelman, Learen-
worth, Kan.; Horace G. Burt, Omaha, Neb.; Otto H. Kahn, W. S. Pierce, New York,
N. Y. ; E. H. Harriman, Arden, N. Y. OFFICERS: HORACE G. BTJRT, Pres., Omaha, Neb.;
POOR'S MAS'ttAL OF RAILROADS. 619
Wm. D. Cornish, Vice-Pres.; F. V. S. Crosby, Treas.; Alex. Millar, Sec.; Wm. Mahl,
Compt., New York, N. Y.; H. M. Engelman, Aud., Leavenworth, Kan. GENERAL OFFICE,
Leavenworth, Kan.
AND CENTERVILLE BY. — Albia to Centerville, la., 24.44 m. ; total track
(steel 2448 m.), 27.56 miles. Gauge, 4 ft. 8J in. Rail, 56 and 60 Ibs. Reorganization, April 1,
1890,' of the Centerville! Moravia and Albia RR. Co. The company owns no equipment. The Iowa
Central Ry. Co. runs two trains through from Oskaloosa via Albia to Centerville and return, sup-
plying everything, including train and engine crews, at a fixed price per mile.
Operations, year ending June 30, 1902. — Trains run (passenger, 8,518; freight, 7,794; mixed,
15078- other, 3,860), 35,250 miles. Passengers carried, 21,554; carried one mile, 434,198. Tons
freight moved, 117,656; ton-miles, 2,222,923. Earnings (passenger, $8,267; freight, $25,288;
other $1,562), $35,117; other receipts, $9,100 — total, $44,217. Operating expenses, $59,954;
taxes, $1,892; other payments, $20 — total, $61,866. Deficit, $17,649; deficit forward, $3,844 —
total, $21,493.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $400,000; current
liabilities, $32,370 — total, $432,370. Contra : Cost of road, $400,000 ; cash and current assets, $10,-
877 ; profit and loss, $21,493 — total, $432,370.
Directors. — F. M. Drake, Centerville, la. ; Russell Sage, C. W. Osborne, E. C. Osborne, J. J.
Slocum, New York, N. Y. OFFICERS : F. M. DRAKE, Pres., Centerville, la. ; Russell Sage, Vice-
Pres. <& Treas.; J. J. Slocum, Sec., New York, N. Y. GENERAL OFFICE, Minneapolis, Minn.
AMES AND COLLEGE BY. — Ames to College, la., 1.98 m. ; total track (steel), 2.06
miles. Locomotives, 2. Cars (passenger, 1; combination, 1), 2.
Operations, year ending June 30, 1902. — Earnings (passenger, $5,824; freight, $3,300),
$9.124. Operating expenses, $6,045. Net earnings, $3,079. Payments : Taxes, $303 ; dividends
(3 p. c.), $600; other charges, $1,000 — total, $1,903. Surplus, $1,176.
General Balance Sheet, June 30, 1898 (latest rendered). — Capital stock, $20,000; profit and
loss, $5,519 — total, $25,519. Contra: Cost of road, $24,321; cash and other assets, $1,198 — total,
$25,519.
Directors. — W. M. Greeley, E. W. Stanton, M. K. Smith, H. Westerman, C. P. Curtis, Herman
Knapp, Ames, la. ; G. H. Prance, Des Moines, la. OFFICERS : W. M. GREELEY, Pres. ; E. W. Stan-
ton. Vice-Pres.; M. K. Smith, Sec. & Gen. Mgr.; H. Westerman, Treas., Ames, la. GENERAL OFFICE,
Ames, la.
BISMARCK, WASHBUBN AND GBEAT FALLS BY. — Bismarck to Washburn, N. D.,
46.3 m. ; Wilton to Chapin, 1.6 m. ; total track (steel; 56 Ibs.), 49.55 miles. Gauge, 4 ft. 84 in.
Chartered as Bismarck, Washburn and Fort Buford Ry. Co., May 13, 1899 ; present name adopted
Jan. 10, 1900. Road opened, Bismarck to Wilton, 27.2 m., on July 17, 1900 ; extended to Wash-
burn, N. D., 17.9 miles, during 1902. A further extension to Great Falls, Mont., is projected. Lo-
comotives, 3. Cars — combination, 2; freight (box, 11; flat, 2; refrigerator, 2; coal, 22), 37;
other, 2 — total, 41. Also 2 steamboats, 1 ferryboat and 2 barges.
Operations, year ending June 30, 1902. — Trains run (passenger, 6,801; mixed, 27,204), 34,-
005 miles. Passengers carried, 10,471 ; carried one mile, 326,530. Tons freight moved, 59,135 ;
ton-miles, 2,306,259. Earnings (passenger, $12,163; freight, $60,733; other, $6,766), $79,662.
Operating expenses, $52,696. Net earnings, $26,966. Payments : Interest on bonds, $25,500 ;
taxes, $1,256 ; other charges, $3,962 — total, $30,718. Deficit for year, $3,751. Surplus forward,
$2,712. Net deficit, $1,039.
General Balance Sheet, June 30, 1902. — Capital stock ($500,000 auth. ; $100 shares),
$160,000 ; loan, $425,000 ; current liabilities, $35,546 ; W. D. Washburn, loan, due, $31,524 —
total, $652,070. Contra : Cost of road and equipment, $615,660 ; securities owned, $3,813 ; mate-
rials, etc., $19,920 ; cash and current assets, $11,638 ; profit and loss, $1,039 — total, $652,070.
Provision has been made for an issue of 1st mtge. 5 p. c. 30-yr. $1,000 gold bonds, due Jan. 1,
1930, to the amount of $7,000,000, of which $600,000 are issuable on the mileage already com-
pleted, and the balance at the rate of $12,000 per mile for additional mileage. Trustee : Central
Trust Co., New York, N. Y.
The M., St. P. & S. S. M. Ry. Co. holds this company's notes for $560,000, bearing 5 p. c.
interest and payable May 1, 1934. These notes are secured by deposit of 1st mtge. bonds.
Directors. — W. D. Washburn, Henry L. Little, C. M. Amsden, Minneapolis, Minn. ; Clarence
B. Little, Bismarck, N. D. ; F. D. Underwood, New York, N. Y. OFFICERS : W. D. WASHBURN,
Pres., Minneapolis, Minn. ; F. D. Underwood, Vice-Pres., New York, N. Y. ; C. C. Crane, Sec. &
Treas., Minneapolis, Minn. ; P. Eckels, Supt.; J. J. Jones, Aud., Bismarck, N. D. GENERAL OFFICE,
Bismarck, N. D.
COLFAX NORTHERN RR. — Coif ax to Valeria, la., 7 m. ; total track (steel; 60 Ibs.), 8
miles. Gauge, 4 ft. 8J in. Organized April 6, 1901, and purchased the Iowa Northern Ry. Co. (see
MANUAL for 1901, page 603). Locomotives, 2. Cars — passenger, 1; freight, 1 — total, 2.
Operations, year ending June 30, 1902. — Passengers carried, 6,153 ; carried one mile, 34,218.
Tons freight moved, 91,398; ton-miles, 548,388. Earnings (passenger, $1,817; freight, $19,941;
other, $79), $21,837. Operating expenses, $10,959. Net earnings, $10,878. Payments: Interest
on bonds, $2,875 ; other interest, $441 ; taxes, $228 ; permanent improvements, $32,280 — total,
$35,824. Deficit for year, $24,946.
Financial Statement, June 30, 1902. — Capital stock ($120,000 auth.; $100 shares), $60,-
000; funded debt (1st 5s of April 1, 1921), $60,000 — total stock and bonds, $120,000. Contra:
Cost of road and equipment, $142,280.
Directors. — T. N. Hooper, Jr., Leland Windsor, Des Moines, la. ; Geo. D. Wood, M. B.
Wheelock, Frank B. Hooper, Coif ax, la. OFFICERS : T. N. HOOPER, JR., Pres. ; Leland Windsor,
Vice-Pres., Des Moines, la. ; Frank B. Hooper, Sec. & Treas., Colfax, la. GENERAL OFFICE, Col-
fax, la.
CROOKED CREEK RR. (AND COAL).— Lehigh to Webster City, la., 17.61 m. ; total
track (steel, 20.70 m.), 20.89 miles. Gauge, 4 ft. 8J in. Rail (steel), 50 to 60 Ibs. Chartered
Nov. 8, 1875 ; road opened Nov. 15, 1875. Webster City and Southwestern RR., Border Plains to
Webster City, la., 13.37 m., purchased in 1892. Locomotives, 2. Freight cars (box, 1; coal, 31),
32 ; caboose, 1 — total, 33.
620
POOR S MANUAL OF RAILROADS — NORTHWESTERN GR61TP.
Operations, year ending June 30, 1902. — Railroad Department : Tons freight moved, 39,658.
Earnings (passenger, $1,984; freight, $24,531; other, $989), $27,504. Operating expenses, $19,-
370. Net earnings, $8,134. Paid taxes, $1,663. Surplus for year, $6,471.
General Balance Sheet. June 30, 1901 (latest rendered). — Capital stock ($500,000 auth. ;
$100 shares), $225,000; current liabilities, $1,403; profit and loss, $106,382 — total, $332,785.
Contra : Cost of road and equipment, $213,952 ; lands and mine property, $110,000 ; other invest-
ments, $5,883 ; cash and current assets, $2,950 — total, $332,785.
Directors (elected Sept. 16, 1902). — Jacob M. Funk, F. K. Willson, George E. Burnham, Web-
ster City, la.; F. Paul Stone, Oconomowoc, Wis. ; John Q. Burnham, C. T. Burnham, A. K. Hamil-
ton, Milwaukee, Wis. OFFICERS : JACOB M. FUNK, Pres., Webster City, la. ; John Q. Burnham,
Vice-Pres., Milwaukee, Wis.; F. E. Willson, Sec. & Ocn. Mgr.; George E. Burnham, Treas. & Asst.
Gen. Mgr., Webster City, la. ; W. H. Whiteford, Aud., Lehigh, la. GENERAL OFFICE, Webster
City, la.
DAKOTA PACIFIC KB.— Projected : Rapid City to Mystic, S. D., 32 m. ; Mystic, S. D., to
Skull Creek, Wyo., 50 m. ; Rapid City to Chamberlain, S. D., 215 m. ; Pactola to Keystone, 14 m. ;
Big Bend to Hat Mountain, 3 m. — total, 314 miles. Completed up to July 1, 1902 : Rapid City to
Iron Creek, 10 miles. Gauge, 4 ft. 8J in. Rail (steel), 65 Ibs. Locomotive, 1. Cars (freight),
26. Chartered Oct., 1897, and absorbed the Dakota, Wyoming and Missouri River RR. (See
MANUAL for 1898, page 250.) Grading is practically completed from Iron Creek to Mystic, 22 miles,
but up to July 1, 1902, no rails had been laid on that section.
Financial Statement, July 1, 1902. — Capital stock authorized ($100 shares), $20,000 per
mile. Funded debt, $650,000 1st mtge. 5s of May 15, 1929. Cost of road, etc., to date, $508,000.
Estimated cost of entire road, including bridge over the Missouri River at Chamberlain, $7,500,000.
Directors. — J. H. Muhlke, F. O. Murdock, Chicago, 111. ; C. D. Matteson, J. B. Henry, Wm. T.
Coad, Rapid City, So. Dak. OFFICERS : WM. T. COAD, Pres. & Gen. Mgr., Rapid City, So. Dak. ; J.
H. Muhlke, Vice-Pres.; F. D. Gray, Treas.; F. O. Murdock, Sec., Chicago, 111. GENERAL OFFICE,
Rapid City, So. Dak.
DES MOINES UNION RY. — In Des Moines, la., 4 m. ; total track (steel; 66, 68, and 75
Ibs.), 18 miles. Gauge, 4 ft. 8J in. Chartered Jan. 7, 1886; road opened Jan., 1886. Locomotives,
3. A terminal road, operated for the benefit of its owners. Has no income. The companies using
the terminals (Wabash RR. Co., Chicago Great Western Ry. Co., and Chicago, Milwaukee and St.
Paul Ry. Co.) are charged for actual cost of operating and for interest on bonds. Operating ex-
perses, year ending June 30, 1902, $161,376; interest on bonds, $33,550; on debt, $1,200; taxes,
$13,639 — total, $209,765.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($2,000,000 auth.; $100
shares), $400,000; funded debt (1st 5s of Nov. 1, 1917), $671,000; current liabilities, $76,166 —
total, $1,147,166. Contra: Cost of road and equipment, $1,091,000; materials, etc., $23,472 ; cash
and current assets, $32,694 — total, $1,147,166.
Directors. — F. C. Hubbell, F. M. Hubbell, H. D. Thompson, Cyrus Kirk, C. Huttenlocher, Des
Moines, la. ; Joseph Ramsey, Jr., St. Louis, Mo. ; A. J. Earling, H. R. Williams, Chicago, 111.
OFFICERS : F. C. HUBBELL, Pres. & Purch. Agt. ; H. D. Thompson, Vice-Pres. & Treas. ; F. M. Hub-
bell, Sec.; E. G. Mitchell, Aud., Des Moines, la. GENERAL OFFICE, Des Moines, la.
DES MOINES, IOWA FALLS AND NORTHERN RY. — Iowa Falls to Des Moines, la.,
75.0 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs. Chartered in 1901, road opened Jan., 1903.
There are three coal fields on the line, and upon all of them shafts will be put down at once. Loco-
motives, 7. Cars — passenger, 3; combination, 4; freight (flat, 30; gondola, 40), 70; service, 5 —
total, 85.
Financial Statement. — Capital stock ($100 shares), $1,200,000. Funded debt, $1,030,000
(auth., $14,000 per mile, with an addition of $50,000 for terminals at Des Moines) 1st gold 5s of
July 1, 1931, interest Jan. and July, at the office of the trustee, Colonial Trust Co., New York, N. Y.
Cost of road to date, $1,199,870.
Directors (elected Dec. 10, 1902). — E. S. Ellsworth, W. H. Courtney, W. H. Woods, J. H.
Funk, M. W. Hill, H. B. Hall, H. C. Miller, L. E. Jones, Wm. Welden, W. V. Shipley, C. E. Shaw,
.J. L. Farrlngton, Z. K. Hoag, J. M. Rhinehart, Iowa Falls, la. OFFICERS : E. S. ELLSWORTH, Pres. ;
William Welden, Vice-Pres.; W. H. Woods, Treas.; J. H. Funk, Sec.; W. V. Shipley, Aud., Iowa
Falls, la. GENERAL OFFICE, Iowa Falls, la.
DULTJTH AND NORTHERN MINNESOTA RR. — Knife River, Minn., northeast, 46 m.
— total track, 48 miles. Gauge, 4 ft. 8J in. Steel rail, weight not reported. Chartered May 31,
1898 ; road completed as above, June 30, 1901. Connects with the Duluth and Iron Range RR.
Locomotives, 6. Cars — box, 1 ; flat, 28 ; logging, 180 — total, 209.
Operations, year ending June 30, 1902. — Trains run (freight), 43,584 miles. Passengers
carried, 2,952 ; carried one mile, 135,792. Tons freight moved, 406,085 ; ton-miles, 6,091,275.
Earnings (passenger, $1,328 ; freight, $126,832 ; other, $30), $128,190. Operating expenses, $70,-
644. Net earnings, $57,546. Payments: Taxes, $1,422; dividends (10 p. c.), $20,000 — total,
$21,422. Surplus, $36,124 ; surplus forward, $101,173 — total, $137,297.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $200,000; current
liabilities, $299,258 ; profit and loss, $137,297 — total, $636,555. Contra : Cost of road and equip-
ment, $499,258 ; cash on hand, $137,297 — total, $636,555.
Directors. — R. A. Alger, James C. McCaul, R. A. Alger, Jr., Detroit, Mich.; John Millen,
Ralph N. Marble, Duluth, Minn.; B. W. Arnold, Albany, N. Y. OFFICERS: R. A. ALGER, Pres..
Detroit, Mich. ; John Millen, Vice-Pres. & Gen. Mgr., Duluth, Minn.; R. A. Alger, Jr., Treas.; Jas.
C. McCaul, Sec., Detroit, Mich. GENERAL OFFICE, Duluth, Minn.
DT7LTJTH, VIRGINIA AND RAINY LAKE RY.— Projected : Virginia to Koochiching,
Minn., 97 miles, with various logging branches. Completed to July 31, 1902 ; Virginia to Taber,
Minn., 20 miles. Gauge, 4 ft. 8J in. Rail (steel), 50 Ibs. Locomotives, 5. Cars — passenger, 1;
freight, 52 ; other, 1 — total, 54. Chartered in 1901 ; road under construction. Built primarily to
reach a large tract of pine land in St. Louis County, Minn. Will connect the Iron Range railroads
of Minnesota with the Canadian Northern Ry. at Rainy Lake and with steamships plying on Lake
of the Woods to points in Manitoba and the Canadian Northwest.
Financial Statement. — Capital stock authorized ($100 shares: amount paid in, not re-
ported), $2,000,000. Funded debt, $225,000 ($2,000,000 auth.) 1st mtge. 5 p. c. 20-yr. gold bonds,
due 1922, interest March and Sept., at the 1st National Bank, Duluth, Minn. Trustee: Minnesota
Loan and Trust Co., St. Paul, Minn. Cost of road to date, $425,000.
Directors. — W. H. Cook, Henry Turrish, F. W. Heimick, M. S. Cook, W. D. Bailey, Dulutb,
POOR'S MANUAL OF RAILROADS. 621
Minn. OFFICERS : W. H. COOK, Pres. ; Henry Turrish, Vice-Pres. ; W. D. Bailey, Treas. ; F. W.
Heimick, Sec., Duluth, Minn. ; R. A. Eva, Gen. Mgr., Virginia, Minn. ; M. S. Cook, Chief Eng.,
Duluth, Minn. GENERAL OFFICE, Duluth, Minn.
ELLISTON AND SOUTHERN BB. — Projected: Elliston, Mont., to Peerless Mine, 15
miles. Completed near Elliston, 7 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Chartered Feb.
25, 1896, and acquired the right and title to 6 m. of track built in 1892 for transporting mining
timber and wood to the main line of the Northern Pacific Ry. The road is intended to supply a con-
nection between the Red Mountain mining district and the Blackfoot River. There are ten mines
along the line of the proposed road. The company owns 1 locomotive ; the N. P. Ry. Co. supplies
the necessary cars.
Financial Statement. — Capital stock authorized, $100,000 ; subscribed and paid up, $20,000.
Cost of road, etc., exclusive of metal leased from the N. P. Ry. Co., $20,000.
Directors. — W. B. Edgar, W. H. Cameron, Elliston, Mont. ; C. Hedges, Geo. F. Cope, F. L.
Sizer, Helena, Mont. OFFICERS : W. B. EDGAR, Pres. & Gen. Mgr., Elliston, Mont. ; D. G. Bar-
ringer, Vice-Pres., St. Paul, Minn. ; Allen McNaughton, Sec. & Treas., Elliston, Mont. GENERAL
OFFICE, Elliston, Mont.
FARMERS' GRAIN AND SHIPPING CO.'S BB.— Devil's Lake to Stark-
weather, N. D., 24.5 m. ; total track (steel; 56 Ibs.), 29 miles. Gauge, 4 ft. 81 in. Chartered Oct.
16, 1902 ; road opened Sept. 16, 1902. Owns 1 locomotive, 1 passenger and 12 box cars. Other
cars furnished by Great Northern Ry. Co. as required.
Operations, period Sept. 16, 1902, to April 1, 1903. — Gross earnings, $21,069. Operating ex-
penses, $5,429. Net earnings, $15,640.
General Balance Sheet, April 1, 1903. — Capital stock ($200,000 auth. ; $25 shares), $113.-
300 ; current liabilities, $103,424 — total, $216,724. Cost of road and equipment, $206,080 ; ma-
terials, etc., $3,906 ; cash and current assets, $6,738 — total, $216,724. An issue of 5 p. c. bonds to
the amount of $104,000 has been authorized, but none has been issued up to May 10, 1903.
Directors. — Joseph Kelly, Garske, N. D. ; Rasmus Sorenson, William Webster, Fred. Baker,
W. G. Samuel, Norman Morrison, Webster, N. D. ; J. A. G. Dahlen, lola, N. D. ; John W. Maher.
Devil's Lake, N. D. OFFICERS : JOSEPH KELLY, Pres., Garske, N. D. ; Rasmus Sorenson, Vice
Pres., Webster, N. D. ; John W. Maher, Sec. & Treas., Devil's Lake, N. D. GENERAL OFFICE,
Devil's Lake, N. D.
KEOKUK AND HAMILTON BBIDO-E CO. — Consolidation of the Hancock County and
the Keokuk and Hamilton Mississippi River Bridge Cos. Owns a bridge at Keokuk, la., which is
1 used for railroad purposes by the Toledo, Peoria and Western and the Wabash RR. Cos., and is also
used by wagons and foot passengers. For particulars regarding the contract of Jan. 19, 1869, by
which the Pittsburgh, Chicago and St. Louis Ry. Co. and the Pennsylvania RR. Co. agree to pay one-
fourth of any deficiency of net revenue in meeting interest charges, see MANUALS for 1889 and 1893.
Capital stock, $1,000,000. Funded debt, $1,000,000 1st mtge. 8 p. c. bonds, due April 1, 1899.
Operations, year ending June 30, 1902. — Earnings (passenger, $5,128; freight, $15,198;
other, $13,790), $34,116. Operating expenses, $19,167. Net earnings, $14,949; other income.
$26,853 — total, $41,802. Total deductions, $38,534. Surplus, $3,268.
Directors. — Andrew Carnegie, Joseph J. Asch, James F. Secor, David Paton, Theodore F.
Hicks. Matthias Nicoll, Theodore Gilman, W. S. Oilman, New York, N. Y. ; Henry E. Smith, Phila-
delphia, Pa. OFFICERS : ANDREW CARNEGIE, Pres. ; Theodore Gilman, Sec. & Treas., 62 Cedar St.,
New York, N. Y. GENERAL OFFICE, 55 William St., New York, N. Y.
MANCHESTER AND ONEIDA BY. — Manchester to Oneida, la., 8.5 m. ; total track, 10
miles. Gauge, 4 ft. 81 in. Road opened Aug. 8, 1901. Locomotive, 1. Passenger car, 1.
Operations, period ending June 30, 1902. — Earnings (passenger, $5,001; freight, $8,158;
other, $906), $14,065. Operating expenses, $10,047. Net earnings, $4,018. Paid interest on
bonds, $3,250. Surplus, $768.
Financial Statement, Jan. 1, 1903. — Capital stock ($100 shares), $65,000. Indebted-
ness consists of notes to Manchester Construction Co., maturing at various dates and aggregating,
with interest, $65,000. Cost of road and equipment, $72,000.
Directors. — A. S. Blair, E. M. Carr, B. W. Jewell, Albert Hollister, Joseph Hutchinson, M. F.
Le Roy, R. R. Robinson, C. A. Peterson, Wm. Hockaday, W. N. Wolcott, H. C. Haeberle, C. J. Seeds,
A. A. Morse, E. H. Hoyt, W. L. Drew, W. A. Abbott, Manchester, la. OFFICERS : ALBERT HOLLIS-
TER, Pres. ; M. F. Le Roy, Vice-Pres. ; H. C. Haeberle, Sec.; Chas. J. Seeds, Treas.; Joseph Hutch-
inson, Aud., Manchester, la. GENERAL OFFICE, Manchester, la.
MESABE SOUTHERN BY. — St. Louis River to Erwin, Minn., 31 m. ; Haywire June, to
Klondike, Minn., 4 m. ; Section House 2 to Dorsey, Minn., 3 m. — total, 38 m. ; total track (steel ; 56
Ibs.), 41 miles. Gauge, 4 ft. 81 in. Chartered Oct. 2, 1895; first portion of road opened Nov.,
1895. Owned by the Northern Lumber Co. and operated exclusuely for that company's business.
Locomotives, 6. Cars (flat, 120; service, 1), 121.
Directors. — F. Weyerhaeuser, F. E. Weyerhaeuser, St. Paul, Minn. ; R. M. Weyerhaeuser, F.
B. Poole, Cloquet, Minn. ; E. Rutledge, Chippewa Falls, Wis. OFFICERS : F. WEYERHAEUSER,
Pres., St. Paul, Minn. ; Wm. Irvine, Vice-Pres., Chippewa Falls, Wis. ; F. B. Poole, Sec., Cloquet,
Minn. ; F. E. Weyerhaeuser, Treas., St. Paul, Minn. GENERAL OFFICE, Cloquet, Minn.
MINNEAPOLIS EASTEBN BY.— At Minneapolis, Minn., 2.94 miles. Rail (steel), 60
Ibs. Gauge, 4 ft. 81 in. Chartered in 1878 ; road opened June 1, 1879. Owned jointly by the Chi-
cago, Milwaukee and St. Paul and the Chicago, St. Paul, Minneapolis and Omaha Ry. Cos. The road
is used merely for switching business, and its stock is held by the companies named. Locomo-
tives, 3.
Operations, year ending June 30, 1902. — Earnings, $65,079. Operating expenses, $37,736.
Net earnings, $27,343. Payments : Interest on bonds, $10,500 ; taxes, $2,050 — total, $12,550
Surplus, $14,793 ; surplus forward, $69,525 — total, $84,318.
General Balance Sheet, June 30, 1902. — Capital stock ($1,000,000 auth.; $100 shares),
$30,000; funded debt (1st 7s of Jan. 1, 1909), $150,000; current liabilities, $20,667; profit and
loss, $84,318 — total, $284,985. Contra : Cost of road and equipment, $277,131 ; materials, etc.,
$3,366 ; cash and current assets, $4,488 — total, $284,985.
Directors. — F. A. Chamberlain, W. H. Norris, E. D. Sewall, Minneapolis, Minn. ; James T.
Clark, E. E. Woodman, Thomas Wilson, W. A. Scott, St. Paul, Minn. ; A. J. Earling, H. R. Williams,
Chicago, 111. OFFICERS : F. A. CHAMBERLAIN, Pres., Minneapolis, Minn. ; A. J. Earling, Vice-Prei.,
Chicago, 111. ; E. D. Sewall, Sec. & Treas., Minneapolis, Minn. ; L. A. Robinson, Aud., St. Paul, Minn.
622 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
MANAGING COMMITTEE : W. A. Scott, St. Paul, Minn. ; E. D. Sewall, Minneapolis, Minn. GENERAL
OFFICE, Minneapolis, Minn.
MINNEAPOLIS, ST. PAUL AND ASHLAND BY. —Projected : Ashland, Wie.. to
Chequemegon Junction, Wis., 24 m. ; Ashland, Wis., to Minneapolis, Minn., 190 m. ; Bardon to Ole
Oleson, Wis., 16 m. ; Bardon to Superior, Wis., 65 miles. Completed up to March 1, 1903 ; Ash-
land to Chequemegon, Wis., 24 m. ; Bardon June, to Leonard, Wis., 25 m. — total, 49 miles. Gauge,
4 ft. 8J in. Rail (steel), 60 Ibs. The first section of 25 miles was completed in Jan., 1897 ; short
extensions are built each year. The company owns 6 locomotives, 2 combination cars, 182 freight
cars, and 4 logging cars.
Financial Statement. — Capital stock authorized, $10,000 per mile; shares, $25 each.
Funded debt authorized, $16,000 per mile in 5 p. c. $1,000 gold bonds. Cost of road and equipment,
$26,000 per mile.
Directors. — J. W. Cochran, S. S. Fifleld, Thomas Bardon, H. A. Cook, John Dunlavey, Ash-
land, Wis. ; R. L. McCormick, Hayward, Wis. ; S. G. Cook, J. S. Porteous, Minneapolis, Minn. ;
E. L. Alnsworth, Chippewa Falls, Wis. OFFICERS : S. G. COOK, Pres., Minneapolis, Minn. ; Thomas
Bardon, Vice-Pres., Ashland, Wis. ; J. S. Porteous, Sec. & Treas., Minneapolis, Minn. ; John Dun-
lavey, Sv.pt., Ashland, Wis. GENERAL OFFICE, Minneapolis, Minn.
MINNESOTA AND NORTH WISCONSIN BB. (THE).— Nlckerson to Bemad jl River.
Minn., 15 m. ; Scanlon to Bolin, Minn., 36.9 m. ; Bolin to Carolan, Minn., 6.2 m. ; leased (Delong
and Chamberlain RR.), Pocket Lake to Nickerson, Minn., 1.20 m. — total operated, 59.30 miles.
Gauge, 4 ft. 8J in. Rail (steel), 48 and 56 Ibs. Chartered Jan. 12, 1898 ; road opened from Nick-
erson to Lake Graham, 10 miles, in the spring of 1899 ; extension to Bemadji River and branches
to Bolin and Carolan, a total of 48.1 miles, opened In 1901-02. Locomotives (leased, 1), 9. Cars —
freight (box, 10; flat, 199), 209; caboose, 4 — total, 213.
Operations, year ending June 30, 1902. — Tons freight moved, 284,222 ; ton-miles, 3,789,637.
Earnings (passenger, $218; freight, $39,504; other, $3,915), $43,637. Operating expenses, $37,-
634. Net earnings, $6,003. Payments : Interest on bonds, $3,750 ; Interest on floating debt,
$8,925 ; taxes, $151 ; rentals, $480 — total, $13,306. Deficit, $7,303 ; surplus forward, $1,772 —
net deficit, $5,581.
General Balance Sheet* June 30, 1902. — Capital stock ($350,000 auth. ; $100 shares), $10,-
OQO; funded debt (see below), $150,000; current liabilities, $393,227 — total, $553,227. Contra:
Cost of road and equipment, $547,646 ; profit and loss, $5,581 — total, $553,227.
Funded Debt consists of 5 p. e. bonds, authorized to the amount of $200,000, dated Jan. 1,
1902, maturing $30,000 each 1st of Jan. from 1903 to 1907, and $50,000 on Jan. 1, 1908.
Directors. — D. F. Brooks, St. Paul, Minn. ; M. J. Scanlon, L. R. Brooks, H. E. Gipson, H. K.
Brooks, Anson S. Brooks, P. R. Brooks, Minneapolis, Minn. OFFICERS: D. F. BROOKS, Pres.; M.
J. Scanlon, Vice-Pres.; A. S. Brooks, 2d Vice-Pres.; L. R. Brooks, Treas.; H. E. Gipson, Sec.,
Minneapolis, Minn. GENERAL OFFICE, Minneapolis, Minn.
MINNESOTA TRANSFER BY.— At St. Paul and Minneapolis. Minn., about 56 mile?.
This company was chartered on March 10, 1883, to facilitate the transfers of freight between the
owners. These now are the St. Paul, Minneapolis and Manitoba, the Northern Pacific, the Chicago,
Milwaukee and St. Paul, the Chicago, St. Paul, Minneapolis and Omaha, the Minneapolis and St.
Louis, the Chicago Great Western, the Wisconsin Central, the Chicago, Burlington and Quincy, and
the Minneapolis, St. Paul and Sault Ste. Marie Cos. All through freight coming over any of the
lines named, and destined for another, goes to this general transfer, the companies having an agree-
ment for that purpose. Stock yard facilities also form a part of the equipment. In Aug., 1898, the
company purchased the New Brighton Stock Yards, at St. Paul, and subsequently acquired the
Minnesota Belt Line Ry. and Transfer Co.
Financial Statement, June 30, 1902. — Capital stock ($300,000 auth.; $100 shares), sub-
scribed and paid up, $63,000; funded debt (1st mtge. 4s and 5s of Aug. 1, 1916), $1,385,000 ; other
liabilities, $22,934 — total, representing cost of road and equipment to date, $1,470,934.
Directors. — W. J. Underwood, W. A. Scott, Thos. Cooper, S. C. Stickney, J. M. Gruber, St
Paul, Minn. ; L. F. Day, E. Pennington, Minneapolis, Minn. ; H. F. Whitcomb, Milwaukee, Wis. ;
G. P. Lyman, Chicago, 111. OFFICERS: J. M. GRUBER, Pres.; C. S. Stickney, Vice-Pres.; H. P.
Upham, Treas.; L. A. Robinson, Sec. & Aud.; W. H. Norris, Solicitor; M. J. Dooley, Su-pt., St.
Paul, Minn. GENERAL OFFICE, St. Paul, Minn.
MONTANA BB. — Lombard to Harlowton, Mont., 94 m. ; Summit to Leadboro, Mont., 6 m. ;
total track (steel; 56 Ibs.), 105 miles. Gauge, 4 ft. 81 In. Chartered Sept. 1, 1894, and acquired
the property of the Montana Midland RR. Co., including about 18 miles of graded roadbed. The
road was opened from Lombard to Leadboro, 56 miles, Aug. 1, 1897, and the extension from Summit
to Harlowton, 44 miles, on June 20, 1900. The company has a traffic contract with the Northern
Pacific Ry. Co., running 99 years from March 1, 1900. Locomotives (leased, 1), 3. Cars — com-
bination, 1; service (leased, 5). 6 — total, 7.
Operations, year ending June 30, 1902. — Earnings (passenger, $26,966; freight, $88,493;
other, $8,106), $123,565. Operating expenses, $90,834. Net earnings, $32,731; other receipts,
$489 — total, $33,220. Payments : Interest on bonds, $48,675 ; other interest, $27,018 ; taxes,
$2,979 ; other charges, $316 — total, $78,988. Deficit, $45,768 ; surplus forward, $3,587. Net
deficit, $42,181.
General Balance Sheet, June 30, 1902. — Capital stock ($3,500,000 auth.; $100 shares),
$1,575,500; funded debt (1st gold 5s of July 1, 1930), $2,000,000; bills payable, $378,771; current
liabilities, $390,317 ; interest accrued, $16,225 ; profit on bonds, $638,649 — total, $4,999,462.
Contra : Cost of road and equipment, $3,583,360 ; bonds owned, $1,351,000 ; materials, etc., $5,303 :
cash and current assets, $17,618 ; profit and loss, $42,181 — total, $4,999,462.
Funded Debt. — Under a provision in the mortgage, the traffic contract with the Northern Pa-
cific Ry. Co. and the rights of the owners of the Northern Pacific Ry. under that contract, are prior
to the rights of the bondholders under the mortgage.
Directors. — H. D. Moore, J. P. Whitney, Philadelphia, Pa. ; Richard A. Harlow, Milton S.
Gunn, Wm. J. Fuchs, J. K. Scott, F. W. Sharpe, Helena, Mont OFFICERS : H. D. MOORE, Pres.,
Philadelphia, Pa.; Richard A. Harlow, Vice-Pres.; W. J. Fuchs, Sec.; F. W. Sharpe, Treas.;
Robert Rantoul, Gen, Mgr., Helena, Mont. GENERAL OFFICE, Helena, Mont.
MUSCATINE NOBTH AND SOUTH BB. — Muscatine to Elrick June., la., 28.67 m. ;
total track (steel ; 60 Ibs.), 31.62 miles. Gauge, 4 ft. 8J in. Chartered in Jan., 1893; road opened
Jan. 20, 1899. Receiver appointed early In 1903. Locomotives, 3. Cars (passenger), 2.
Operations, year ending June 30, 1902. — Trains run (mixed), 40,710 miles. Passenger?
POOR'S MANUAL OP RAILROADS. 623
carried, 14,041 ; carried one mile, 210,137. Tons freight moved, 86,419 ; ton-miles, 2,479,633.
Earnings (passenger, $6,466; freight, $41,236; other, $908), $48,610. Operating expenses, $45,-
636. Net earnings, $2,974. Payments : Interest on bonds, $22,500 ; taxes, $2,648 — total, $25,148.
Deficit, $22,174.
General Balance Sheet, June 30, 1899 (latest rendered). — Capital stock ($100 shares),
$450,000; funded debt (1st gold 5s of Jan. 1, 1929), $450,000; bills payable, $4,653; current lia-
bilities, $12,859; other liabilities, $12,450 — total, $929,962. Contra: Cost of road and equip-
ment, $900,000 ; materials, etc., $1,367 ; cash and current assets, $13,861 ; profit and loss, $14,734
— total, $929,962.
Directors. — H. F. Balch, M. J. Peppard, J. A. Nelson, Minneapolis, Minn. ; Walter M. Gor-
ham, Philadelphia, Pa. ; Henry Jayne, P. M. Musser, Muscatine, la. ; Geo. A. Seevers, Oskaloosa, la.
OFFICERS : CHARLES HOWARD, Rec., Muscatine, la. ; WALTER M. GORHAM, Pres., Philadelphia, Pa. ;
H. F. Balch, Vice-Pres., Minneapolis, Minn.; Henry Jayne, Sec. & Treas.; Chas. Howard, O«n.
Mgr.; George Reeder, Aud.. Muscatine, la. GENERAL OFFICE, Muscatine, la.
NEWTON AND NORTHWESTERN RR.— Under construction : Newton to Rockwell City,
la., 102 miles. In operation March 31, 1903 : Fraser to Gowrie, la., 22 miles. Gauge, 4 ft. 8J in. Rail
(steel), 60 Ibs. Consolidation, Oct. 8, 1902, of the Boone, Rockwell City and Northwestern Ry.
Co. (see MANUAL for 1902, page 571), the Boone Valley Coal and Ry. Co., and the Boone Coal and
Mining Co. The extensions to Newton and to Rockwell City are under construction, and will be
completed during the current year. They will be laid with 70-lb. steel rails. The road connects
at present with the Chicago and Northwestern Ry., Chicago, Rock Island and Pacific RR., and
Minneapolis and St. Louis RR. ; connections will be made with the Chicago, Milwaukee and St.
Paul Ry., Illinois Central RR., Chicago Great Western RR. and Iowa Central RR. The company
owns two large bituminous coal properties, which have been profitable producers for years, and
which are fully equipped with modern machinery. The output from the mines at present is
about 400 tons a day, but this will be increased to upwards of 1,500 tons a day during the
current year. The present equipment consists of 5 locomotives, 1 passenger car and 15 freight
cars ; this will be largely increased upon the completion of the road.
Operations, six months ending March 31, 1903 (22 miles). — Gross earnings, $139,161.
Operating expenses, $90,883. Net earnings (34.69 p. c.), $48,277.
Financial Statement, March 31, 1903. — Capital stock authorized and issued ($2,000,000
common; $500,000 6 p. C. non-cumulative preferred), $2,500,000. Funded debt: $1,011,000
($2,500,000 authorized) 1st mtge. 5 p. c. 30-yr. $1,000 gold coupon bonds, with privilege of
registration as to principal, due Oct. 1, 1932, interest April and Oct., at office of trustee, Old
Colony Trust Co., Boston, Mass. The entire issue may be redeemed on any interest day at 110
p. c. and accrued interest. The mortgage covers all the property of the company, whether now
owned or hereafter acquired, and is specifically secured on the railroad from Newton to Rockwell
City, la., 102 miles ; on 1,798 acres of land and coal rights, together with equipment, machinery,
etc., acquired from the Boone Valley Coal and Ry. Co., and on 1,420 acres of land and coal rights,
together with equipment, machinery, etc., acquired from the Boone Coal and Mining Co. Of the
$2,500,000 bonds authorized, $2,000,000 have been issued or will be issued to pay for the proper-
ties acquired by the company and to meet the cost of extensions, equipment, etc. ; $200,000 are
reserved for additions ami betterments, and $300,000 are reserved by the trustee for future
requiremnts of the company.
Directors. — H. W. Poor, New York, N. Y. ; C. Sidney Shepard, New Haven, N. Y. ; Hamilton
Browne, Geneva, 111. ; W. A. Kelly, Fraser, la. ; S. T. Meservey, Fort Dodge, la. OFFICERS :
HAMILTON BROWNE, Pres., Geneva, 111. ; S. T. Meservey, Vice-Pres., Fort Dodge, la. ; J. J. Wright,
Treas., Chicago, 111.; W. A. Kelly, Sec.; Samuel McClure, Supt., Fraser, la.; N. D. Miller, Chief
Eng., Boone, la. GENERAL OFFICE, Boone, la.
OMAHA BRIDGE AND TERMINAL RY.— Council Bluffs, la., to Omaha, Nebr.,
7.14 miles; total track (steel; 60 Ibs.), 22.46 miles. Gauge, 4 ft. 8J in. Double track steel
railway bridge spanning the Missouri River between Nebraska and Iowa, together with a line of
railway between Omaha and East Omaha, Nebr., and Council Bluffs, la., and South Omaha, Nebr.
Also a large mileage of terminals and side tracks. The company was chartered Nov. 28, 1890,
and the bridge and railway opened for traffic in January, 1894. It has connections, and does a
transfer business, with all lines of railroad reaching Omaha, Council Bluffs and South Omaha.
The company owns exclusive franchises over the territory of East Omaha, and has in contem-
plation many additions and improvements. A lease has been made with the Illinois Central RR.
Co. for its use of this company's bridge and terminals, for both freight and passenger business.
The company has trackage rights over the Missouri Pacific Ry. from Sprague Station to South
Omaha, 7.89 miles. Locomotives (3 leased), 5.
Operations, year ending June 30, 1902. — Earnings (freight, $48,276.08; rentals, $50,000;
miscellaneous, $5,087.64), $103.363.72. Operating expenses, $61,104.24. Net income, $42,259.48.
Payments: Interest on bonds, $50,000; taxes, $7,372.78 — total, $57,372.78. Deficit, $15,113.30;
deficit forward, $31,919.41 ; deductions during the year, $2,182.37 — total deficit, $49,215.08.
General Balance Sheet, June 30, 1902. — Capital stock paid in ($7,500,000 auth. ; $100
shares), $5,000,000; funded debt (1st 5s of Feb. 1, 1943), $1,000,000; current liabilities,
$64,488.91; other liabilities, $289,442.06 — total, $6,353,930.97. Contra: Cost of road, $6,264,-
977.96 ; equipment, $18,785.01 ; materials and supplies, $1,749.85 ; cash and other assets,
$19;203.07 ; profit and loss, $94,215.08 — total, $6,353,930.97.
Directors. — Stuyvesant Fish, J. C. Welling, J. T. Harahan, J. F. Wallace, Chicago, 111. ;
John R. Webster, William Baird, J. H. Daniels, Omaha, Nebr. OFFICERS : STUYVESANT FISH,
Pres.; J. T. Harahan, Vice-Pres., Chicago, 111.; John R. Webster, Gen. Mgr.; J. H. Daniels, Sec.
& Treas., Omaha, Nebr. GENERAL OFFICE, Omaha, Nebr.
RAILWAY TRANSFER CO. OF MINNEAPOLIS.— At Minneapolis, Minn.. 8.8
miles. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs. The property of this company is owned by the M.
& St. L. RR. Co., and does a switching business with all railroads entering Minneapolis, and the
flour mills and other industries in that city. The company has trackage rights over the two main
tracks of the M. & St. L. RR. Co., from 1st St. North to 20th Ave. South, Minneapolis, Minn., aggre-
gating 3!15 miles of single track, 80-lb. steel rail. Locomotives, 4.
Operations, year ending June 30, 1902. — Earnings (switching), $151,998. Operating ex-
penses, $70,841. Net earnings, $81,157 ; other receipts, $50 — total, $81,207. Paid rentals, $76,-
647 ; taxes, $4,560 — total, $81,207.
Directors. — L. F. Day, A. E. Clarke, H. G. Kelley, F. Nay, Joseph Gaskell, Minneapolis, Minn.
6:21 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
OFFICERS: A. E. CLARKE, Prea.; L. P. Day, Vice-Pres. & Gen. MOT.; Joseph Gaskell, Sec. & Trecu.;
J. A. Moynlhan, Supt., Minneapolis, Minn. GENERAL OFFICE, Minneapolis, Minn.
BED LAKE TRANSPORTATION CO.'S RR.— Red Lake to Nebish, Minn., 10 m. ;
branches and spurs, 7 m. — total, 17 miles. Gauge, 4 ft. 8J in. Rail (steel), 35 Ibs. Chartered
Dec. 9, 1897; road opened for business Jan. 1, 1899. Locomotives, 3. Cars — freight (flat), 1;
caboose, 1 ; service, 43 — total, 45
Operations, year ending June 30, 1902. — Tons freight moved, 64,949 ; ton-miles, 649,490.
Earnings (freight), $8,119. Operating expenses, $9,576. Deficit, $1,457.
Financial Statement, June 30, 1902. — Capital stock paid in ($100,000 auth. ; $100 shares),
$80,000. Contra : Cost of road and equipment, $67,787.
Directors. — C. H. Richards, H. K. Halvorson, Wm. Lindeen, A. Knudson, C. F. Carlson, Minne-
apolis, Minn. OFFICERS: C. H. RICHARDS, Pres. & Treos.; H. K. Halvorson, Vice-Pres. ; A. Knud-
son, Sec., Minneapolis, Minn. GENERAL OFFICE, Minneapolis, Minn.
ST. PAUL UNION DEPOT CO. (THE). — In St. Paul, Minn., 8.76 miles. The company
uses 1,570 ft. of the St. Paul, Minn. & Man. Ry., under trackage rights. Gauge, 4 ft. 8J in. Rail
(steel), 75 and 80 Ibs. Chartered March 5, 1879; road opened Aug. 22, 1881. All railroads enter-
ing St. Paul use this depot. Locomotives, 2 ; baggage trucks, 59 ; push cars, 2.
Operations, year ending Dec. 31, 1902. — Gross receipts (rentals, $163,082; miscellaneous,
$26,106), $189,188. Operating expenses, $140,482. Net receipts, $48,706. Payments: Interest on
bonds and construction advances, $34,338 ; dividends, $14,368 — total, $48,706.
General Balance Sheet, Dec. 31. 1902. — Capital stock ($1,000,000 auth.; $100 shares),
$393,750; funded debt ($250,000 1st 6s of 1930; $150,000 consol. 5s and $100,000 consol. 4s of
1944), $500,000; construction advances, $475,569; current liabilities, $5,954; interest accrued,
$7,556; dividend accrued, $2,625 — total, $1,385,454. Contra: Cost of property, $1,383,674; cash
and current assets, $1,780 — total, $1,385,454.
General Balance Sheet, May 1, 1903. — Capital stock issued ($1,000,000 auth. ; $100
shares), $900,000; funded debt (see above), $500,000; current liabilities, $6,168; interest
accrued, $3,850; dividend accrued, $1,312 — total, $1,411,330. Contra: Cost of property, $1,386,-
814 ; cash and current assets, $24,516 — total, $1,411,330.
Directors. — F. E. Ward, Thomas Cooper, S. C. Stickney, A. W. Trenholm, George P. Lyman,
St. Paul, Minn. ; H. R. Williams, C. A. Goodnow, Chicago, 111. ; E. Pennington, L. F. Day, Minne-
apolis, Minn. OFFICERS : A. W. TRENHOLM, Pres. ; S. C. Stickney, Vice-Pres. ; H. P. Upham,
Treaa. ; W. G. Johnson, Sec., St. Paul, Minn. GENERAL OFFICE, St. Paul, Minn.
TABOR AND NORTHERN RY. — Tabor to Malvern, la., 8.79 m. ; total track (steel, 5.79
m.), 9.79 miles. Gauge, 4 ft. 8J in. Rail — 35 and 56 Ibs. Chartered Nov. 3, 1887; road opened
Dec. 20, 1889. Locomotive, 1. Cars — passenger, 1 ; baggage, etc., 1 — total, 2.
Operations, year ending June 30, 1902. — Trains run (mixed), 12,411 miles. Passengers car-
ried, 12,621 ; carried one mile, 110,938. Tons freight moved, 13,252 ; ton-miles, 115,485. Earn-
ings (passenger, $5,272; freight, $12,705; other, $394), $18,371. Operating expenses, $11,959.
Net earnings, $6,412. Total deductions, $5,458. Surplus for year, $954.
General Balance Sheet, June 30, 1900 (latest rendered). — Capital stock ($120,000 auth.;
$50 shares) paid in, $23,500; funded debt (1st 5s of April 10, 1919), $50,000; current liabilities,
$32,694 — total, $106,194. Contra: Cost of road and equipment, $88,392; materials, etc., $1,248;
cash and current assets, $2,740 ; profit and loss, $13,813 — total, $106,193.
Directors. — Robert McClelland, J. M. Barbour, H. C. Dye, R. S. McClelland, Tabor, la. ; Thom-
as McClelland, Galesburg, 111. OFFICERS : ROBERT MCCLELLAND, Pres. & Gen. Mgr., Tabor, la. ;
Thomas McCelland, Vice-Pres., Galesburg, 111.; H. C. Dye, Sec. & Trees.; D. E. Low, And., Tabor,
la. GENERAL OFFICE, Tabor, la.
WTNONA BRIDGE RY. CO.— Winona. Minn., to Buffalo, Wis., 1.03 miles. Gauge, 4 ft.
81 in. Rail (steel), 60 Ibs. Incorp. July 10, 1890; opened Sept. 1, 1891. Connects the Winona
and Western RR. with the Green Bay and Western Ry., and the Chic., Burl. & Quincy RR., and la
leased by those companies for 30 years, the lessees to pay $100 per month (over and above tolls)
for maintenance, repairs, etc., and under severally executed contracts to pass all traffic over the
bridge.
Operations, year ending June 30, 1902. — Passengers carried, 21,082 ; carried one mile, 21,714.
Earnings (passenger, $5,313 ; freight, $16,229 ; other, $120), $21,662. Operating expenses, $6,344.
Net earnings, $15,318. Payments : Interest on bonds, $19,200 ; taxes, $416 — total, $19,616. De-
ficit, $4,298 ; deficit forward, $26,326 — total, $30,624.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $400,000; funded
debt (1st 5s of Sept. 1, 1915), $384,000; current liabilities, $24,224; interest accrued, not due,
$6,400 — total, $814,624. Contra : Cost of road, $784,000 ; profit and loss, $30,624 — total, $814 -
624.
Directors (elected July 1, 1903). — W. W. Baldwin, Burlington, la.; J. A. Jordan, Green Bay
Wis. ; Mark T. Cox, New York, N. Y. ; T. S. Howland, C. I. Sturgis, Chicago, 111. OFFICERS :
W. W. BALDWIN, Prea., Burlington, la. ; J. A. Jordan, Vice-Pres., Green Bay, Wis. ; T. S. How-
land, Trees. ; W. W. Weiss, Sec., Chicago, 111. GENERAL OFFICE, Chicago, 111.
WYOMING AND MISSOURI RIVER RR. — Belle Fourche, S. D., to Aladdin, Wyo., 18
m. ; total track (steel; 56 Ibs.), 19.25 miles. Gauge, 4 ft. 8| in. Chartered June, 1895; road
opened Feb., 1899. Built as an outlet for the coal mines at Aladdin. Connects at Belle Fourche
with the Fremont, Elkhorn and Missouri Valley RR. Locomotive, 1. Passenger car, 1.
Operations, June 30, 1902.1 — Earnings (passenger, $1,948; freight, $12,706), $14,654 Oper-
ating expenses, $11,441. Net earnings, $3,213. Total deductions, $826. Surplus for year, $2 387.
Financial Statement, Jan. 1, 1903. — Capital stock, authorized and paid in ($100 'shares),
$500,000. No bonds or other indebtedness. Cost of road and equipment to date, $250,000.
Directors. — M. S. Kemmerer, Walter Leisenring, Mauch Chunk, Pa. ; J. L. Kemmerer Scran-
ton, Pa. ; H. A. Butler, Mauch Chunk, Pa. ; John D. Parker, Chicago, 111. OFFICERS • M S KEM-
MEREB, Pres.; H. A. Butler, Vice-Pres., Mauch Chunk, Pa.; D. W. Hickey, Gen. Mar Aladdin
Wyo. ; J. L. Kemmerer, Sec. & Treas., Scranton, Pa. GENERAL OFFICE, Aladdin, Wyo.
YELLOWSTONE PARK RY. — Brisbin, Mont., to Yellowstone National Park 90 miles
Completed up to June 30, 1900: Mountain Side (junc. No. Pac. Ry.) to Trail Creek Mont 112
m. ; total track (steel; 56 Ibs.), 13.4 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Chartered
sept. 21, 1898 ; road opened as above Dec. 1, 1898. The road will tap rich coal fields and a
good agricultural belt, besides opening a way for tourists to the National Park. Equipment sup-
POOR'S MANUAL OF RAILROADS. 625
plied by Northern Pacific Ry. Co. Capital stock, authorized and subscribed ($100 shares),
$1,500,000. No bonds.
Directors. — W. W. D. Turner, George Turner, J. C. Williams, Spokane, Wash. OFFICERS :
W. W. D. TURNER, Pres.; George Turner, Vice-Pres.; J. C. Williams, Sec. & Treas., Spokane,
Wash. GENERAL OFFICE, Spokane, Wash.
^
PACIFIC GROTTP— States of California, Oregon, Washington,
Nevada, Utah and Idaho ; Territory of Arizona.
CALIFORNIA NORTHWESTERN RAILWAY COMPANY.
(Lessee of San Francisco and North Pacific Ry.)
(For map of this road, see page 627.)
History. — Chartered in March, 1898, with authority to construct about 200 miles
of road from points on the San Francisco and North Pacific Ry. into the redwood
forests of Mendocino and Humboldt Counties, Cal. It is the intention to build only
60 milea of the road at first, and 30 miles of this section, from Ukiah to a point beyond
Willits, Cal., have been put in operation since the close of the fiscal year. The com-
pany leases the San Francisco and North Pacific Ry., for twenty years from Sept. 20,
1898. The rental is an agreed amount; besides which, since Oct. 1, 1901, the net
earnings in excess of such rental are divided among the stockholders of the San Francisco
and North Pacific Ry. Co. (See lessor's statement, following this.)
Rolling Stock Owned, June 30, 1902. — Locomotives, 3. Cars — passenger, 6; freight
(box, 25; flat, 50; caboose, 1), 76; service, 17— total, 99.
Consolidated Profit and LOSS Account, June 30, 1902 Gross earnings for
year, $1,132,579.23; operating expenses and taxes, $824,314.36; net earnings, $308,-
264.87. Payments: Fixed charges of S. F. & N. P. Ry. Co., $224,493.22; rental,
$48,600; dividend paid Oct. 1, 1901, $117,351.73— total, $390,444.95. Deficit, $82,180.08;
surplus to June 30, 1901, $117,351.73; net surplus, $35,171.65.
Net Profit Paid to Lessor and Stockholders, Sept. 21, 1898, to June 30,
1902. — Rental due Oct. 1, 1899, $48,600; rental anticipated on three-year accounting
period ending Oct. 1, 1901, paid Nov. 8, 1899, $60,000; rental due Oct. 1, 1900, $48,600;
rental and dividend on three-year accounting period, paid Oct. 1, 1901, $95,151.73 —
total paid from net profits since date of lease, $252,351.73.
General Balance Sheet, June 30, 1902.— Capital stock ($100 shares), $1,566,000;
rental accrued, $48,600; reserve for taxes, $19,000; C. N. Ry. bank account, $8,230.57;
creditors, $166,822.66; creditors on payrolls, $31,575.60; other items, $24.244.74; profit
and loss (net income, $308,264.87; less interest sinking fund and rental, S. F. &
N. P. Ry. Co., $273,093.22), $35,171.65— total, $1,899,645.22. Contra: Cost of road,
etc., $1,566,000; Construction Company, $23,625.92; materials on hand, $87,642.76;
sundry debtors, $23,247.56 ; insurance premium :paid, $8,879.86 ; station agents, $4,308.02 ;
remittances in transit, $8,220.96; C. N. Ry. Co. labor and material, etc., $2,009.28;
preliminary expenses, $15,264.44; cash on hand and in bank, $160,446.42— total, $1,-
899,645.22.
Fancied Debt authorized, consists of $2,000,000 1st mtge. sinking fund 5 p. c. 30-yr. $1,000
gold bonds, due April 1, 1928, interest April and Oct., in San Francisco and in New York. The
bonds have been issued and are in escrow with the Anglo-Californian Bank, to be applied to the con-
struction of the road. They are guaranteed both as to principal and interest by the San Francisco
and North Pacific Ry. Co.
Directors — A. W. Foster, J. W. Lilienthal, G. A. Newhall, G. A. Pope, San Fran-
cisco, Cal. ; John P. Overton, Santa -Rosa, Cal.
A. W. FOSTER, President San Francisco, Cal.
G. A. Newhall, V ice-President " "
Sec. & Cont. — Thos. Mellersh, I Treas. — Anglo-Gal. Bank. . . San Francisco. Cal.
San Francisco, Cal. |
PRINCIPAL OFFICE AND ADDRESS 222 Sansome Street, San Francisco, Cal.
626
POOR 8 MANUAL OF RAILROADS — PACIFIC GROUP.
SAN FRANCISCO AND NORTH PACIFIC RAILWAY.
(California Northwestern Ry. Co., Lessee.)
(For map of this road, see page 627.)
1. Main Line of Road.— Tiburon to Ukiah, Cal 106.20 miles.
Sonoma Valley Branch: Ignacio to Glen Ellen, Cal 26.63
Donahue Branch : Main Line Junction to Donohue, Cal 5.56
Scbastopol Branch : Santa Rosa to Sebastopol, Cal 6.25 '
Guerneville Branch: Fulton to Guerneville and Bohemia, Cal 20.88 "
Total length lines, June 30, 1902 165.52 miles
Sidings, 31.84 miles. Gauge, 4 ft. 8^ in. Rail (steel, 127.69 in.), 30 to 70 Ibs.
In addition to its railroad lines the San Francisco and North Pacific Ry. Co. owns
the ferry from Point Tiburon to San Francisco, 6.5 miles, making the total mileage
operated, railroad and ferry, 172.02 miles.
2. History. — Consolidation, in March, 1889, of the San Francisco and North Pacific
RR. Co., Sonoma Valley RR. Co., Marin and Napa RR. Co., Cloverdale and Ukiah
RR. Co. and San Francisco and San Rafael RR. Co. (See MANUAL for 1890, page
824.) Leased for 20 years from Sept. 20, 1898, to the California Northwestern Ry.
Co. at an agreed rental, besides which, after three years from the date of the lease,
the net earnings in excess of such rental are to be divided among the stockholders of
this company.
3. Statement of mileage, equipment, operations, etc., for seven years ending June 30:
1896
1897
1898
1899
1900
1901
1902
Miles of Road
165.32
194.42
120.04
17
48
5
602
254,272
128,547
894,502
18,379,425
180,583
8,167,879
$
373,279
367,257
50,422
165.32
194.65
121.61
17
48
6
500
261,779
117,316
891,195
18,600,457
169,525
7,499,347
S
359,983
326,751
50,361
165.32
194.85
124.77
18
49
6
502
261,042
127,787
902,640
19,985,264
188,123
8.901,236
$
392,382
396,526
51,055
165.32
195.53
124.87
18
54
6
505
261,826
130,636
935,644
21,157,782
226,307
10,409,105
S
412,940
455,506
53,800
165.32
196.20
125.69
20
53
6
517
262,528
140,277
1,021,658
22,640,779
220,594
9,277,900
S
448,343
452,926
56,954
165.52
196.40
127.69
21
53
6
519
276,022
142,891
1,024,209
23,014,395
249,709
10,331,283
$
473,500
502,785
62,715
165.52
197.36
130.66
22
57
7
523
302,944
136,946
1,090,890
24,814,570
261,980
11,234,194
S
529.365
540,408
62,806
Miles of Track
Miles of Steel Rail
Locomotives
Passenger Cars
Baggage, etc., Cars
Freight and other Cars
Passenger Train Miles
*Freight Train Miles
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton)Miles
Passenger Earnings
Freight Earnings
Miscellaneous
790,958
520,878
737,095
462,103
839,963
493,697
922,246
567,150
958,223
596,680
1,039.000
659,594
1,132,579
782,149
Net Earnings
270,080
205,550
25,000
37,500
274,992
204,915
25,000
34,867
346.266
203,050
25,000
36,481
355,096
201,900
25,000
38,813
361,543
201,743
25,000
42,256
379,406
199,513
25.000
41,827
350,430
199,493
25,000
42,165
Payments — Int. on Bonds ....
Sinking Fund ....
Taxes
Total Charges
268,050
2,030
4,784 40
3,150 73
1,633 67
65.87 p.c.
2.03 c.
4.01 c.
264,782
10,210
4,458 59
2,795 20
1,663 39
62.69 p.c.
1.93c.
4.35 c.
264,531
81,735
5,080 83
2,986 31
2,094 52
58.78 p.c.
1.96c.
4.45 c.
265,713
89,383
5,578 55
3,430 62
2,147 93
61.50 p.c.
1.95c.
4.38 c.
268,999
92,544
5,796 17
3,609 24
2,186 93
62.27 p.c.
1.98c.
4.88 c.
266,340
113,066
6,284 74
3,989 79
2,'.94 95
63.48 p.c.
2.06 c.
4.86 c.
266.658
83,772
6,842 55
4,725 41
2,117 14
69.05 p.c.
2.13 c.
4.77 c.
tNet Profits
Gross Earn, per Mile
Net Earn per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile . . .
Av. Rate per Ton per Mile ....
• Including mileage of mixed trains, t The company paid a dividend of 1 p. c., or $60,000, in
1896, and a dividend of J of 1 p. c., or $30,000, in 1897 ; and the lessee paid to the company as
rental in subsequent year $60,000 from the net profits of 1898, $30,000 from the net profits of 1899
and $48,600 yearly from the net profits of 1900, 1901 and 1902.
4. Rolling Stock, June 30, 1902. — Locomotives, 22. Cars— passenger, 57 ; bag-
628 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
gage, mail and express, 7; freight (box, 148; flat, 270; stock, 19; caboose, 3), 440;
service, 83 — total, 587. Also 3 steamers and 1 floating pile driver.
5. General Income Account, year ending June 30, 1902.
Earnings— Passenger $529,365 16
Freight 540,407 83
Mail and Express 47,513 51
Miscellaneous 15,29273
Total ($6,842.55 per mile) $1,132,57923
Expenses— Maint. Way and Structures . $172,284 18
Maintenance of Equipment. .. 270,554 36
Conducting Transportation... 253,13952
General Expenses 86,17107
Total ($4,725.41 per mile) $782,149 13
Net earnings (30.93 p. c.), $350,430.10. Payments: Taxes, $42,165.23; interest on
funded debt, $199,493.22; sinking fund, $25,000— total, $266,658.45. Net profits, $83,-
771.65. (See lessee's statement, preceding this, for consolidated income and profit and
loss accouni.)
6. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment $10,000,000 00
Other Permanent Investments 437,09631
Materials and Supplies 21,047 36
Oasli and Current Assets 1,840 49
C. N. Ry. Co., Rental 48,60000
Total Assets $10,508,584 16
Capital Stock ($100 shares) $6,000,00000
Funded Debt (see Sec. 7) 3,970,00000
Sinking Fund 320,00000
Profit and Loss 218,584 16
Total Liabilities $10,508,58416
7. Funded Debt — The funded debt consists of 1st gold 5s of Jan. 1, 1919. There is a
sinking fund of $25,000 a year for purchase of the bonds in the open market at not exceeding 1
p. c. and accrued interest. This company guarantees the bonds of the California Northwestern Ry.
Co., both as to principal and interest.
8. Directors.-A. W. Foster, G. A. Newhall, G. A. Pope, San Francisco, Cal.; J. P.
Overton, Santa Rosa, Cal.
ARTHUR W. FOSTER, President San Francisco, Cal.
G. A. Newhall, Vice-President
Qen. Man. — H. C. Whiting. . .San Francisco, Cal. | Sec. & Cont. — Thos. Mellersh..San Francisco, Cal.
Treasurer — Anglo-Californian Bank San Francisco, Cal.
PRINCIPAL OFFICE AND ADDRESS 222 Sansome St., San Francisco, Cal.
NORTH SHORE RAILROAD COMPANY.
1. Main Line San Francisco to Cazadero, Cal. (inc. ferry, 6 m.) . . 86.75 miles.
San Rafael Branch : San Anselmo to San Rafael, Cal 2.00
Mill Valley Branch: Mill Valley Junction to Mill Valley, Cal 1.75
LEASED: San Rafael & San Quentin RR.: San Rafael to San Quentin, Cal.. . 3.50 "
Total length of lines operated, June 30, 1902 94.00 miles.
2d track, 7.5 m.; sidings, 12 miles. Gauge, 3 ft. Rail (steel), 35 to 60 Ibs.
2. History.— Chartered July 30, 1902. Successor to the North Pacific Coast RR.
Co. (see MANUAL for 1902, pages 578 and 1512). In connection with its railroad lines
the company operates steam ferries from San Francisco to Sausalito, the length of which,
6 miles, is included in mileage of main line in Sec. 1. The San Rafael and San Quen-
tin RR. is leased for 43 years from March 11, 1875.
3. Rolling Stock, June 30, 1902 — Locomotives, 13. Cars — passenger, 36; bag-
gage, mail, and express, 8; freight (box, 64; stock, 18; flat, 267), 349— total, 393. The
company also owns two ferry steamers.
4. Operations, for four months ending June 30, 1902 — No record of train mileage.
Passengers carried, 767,105; carried one mile, 9,946,493; average mile rate, 1.36 cents.
Tons freight moved, 27,285; moved one mile, 824,460; average ton-mile rate, 5.48 cents.
Earnings— passenger, $134,906.90; freight, $45,171.61; mail and express, $10,024.55;
other, $123.20 — total, $190,226.26. Expenses — maintenance of way, $14,435.17; equip-
ment, $10,308.62; transportation, $78,651.74; general, $7,004.65— total, $110,400.18. Net
earnings (41.96 p. c.), $79,826.08; other receipts (rents, $2,478; sundries, $662.05),
$3,140.05 — total, $82,966.13. Payments: Interest on bonds, $30,834.73; other interest,
$2,804.17; taxes, $3,947.40— total, $37,586.30. Surplus, $45,379.83.
POOR'S MANUAL OF RAILROADS.
629
5. General Balance Sheet, June 30, 1902 — Capital stock, $6,000,000; funded
debt (see below), $2,348,000; current liabilities, $226,385.61; accrued interest and
notes, $6,868.05; profit and loss, $17,294.66— total, $8,598,548.32. Contra: Cost of
road, $7,585,097.54; equipment, $786,054.27; Russian River land, $19,040, materials, etc.,
$8,324.06; cash, $179,712.27; current accounts, $20,320.18— total, $8,598,548.32.
<>. Funded Debt. — The funded debt outstanding on June 30, 1902, consisted of
(1) $1,498,000 ($1,500,000 auth.) North Pacific Coast RR. 1st mtge. 5 p. c. 20-year $1,000
gold coupon bonds, due July 1, 1912, interest Jan. and July, and (2) $850,000 ($6,000,-
000 auth.) North Shore RR. 1st mtge. 5 p. c. 40-year $1,000 gold coupon bonds, due May
1, 1942, interest May and Nov. Additional particulars respecting the bonds will be
found in the Ready Reference Bond List — see General Index.
7. RAILROAD LEASED BY THE NORTH SHORE RR. Co.
SAN RAFAEL, AND SAN QUENTIN RR
San Rafael to San Quentin, Gal., 3.50 miles. Char-
tered Feb. 25, 1869 ; road opened in March, 1871.
8. Directors. —John Martin, Eugene de Sabla, Antoine Borel, Chas. A. Grow,
John C. Coleman, Edward Coleman, William M. Person, R. M. Hotaling, C. de Guigne,
San Francisco, Cal.
JOHN MARTIN, President San Francisco, Cal.
Eugene de Sabla, V 'ice-President " "
Treasurer — Antoine Borel San Francisco, Cal. | Secretary — F. B. Latham San Francisco, Cal.
PRINCIPAL OFFICE AND ADDRESS San Francisco, Cal.
Leased March II, 1875, to North Pacific Coast RR.
Co. ; rental, $1 per annum. Capital stock, $43,820.
SOUTHERN PACIFIC COMPANY.
(For maps of this company's systems, see pages 632 and 633.)
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Capital Expenditures 26
Capital Stock 13
Changes in Funded D'bt, 1902 23
Consol. Bal. Sht., Prop. Cos. 22
Consol. Inc. Acct., Prop. Cos. 10
Consol. Profit and Loss Acct.
of Proprietary Cos 14
Directors and Officers 31
Earn'gs, etc.. Entire System. 15
Earnings, etc., 1901 and 1902. 6
Equipment, Schedule of 4
Fixed Interest Charges 20
Floating Equipment 3
Funded Debt, So. Pac. Co... 17
Gen. Bal. Sheet, S.P.Co., 1902. 16
Gen. Bal. Sheet, 1896-1902 18
General Oper., All Lines.... 7
Guaranteed Bonds 21
History 1
Inc. Accts., Prop'y Cos 10
Inc. Acct., So. Pac. Co. and
Proprietary Cos 12
Income Acct., So. Pac. Co.... 9
Land Department 28
Laud Grant Accounts 27
Leased Line Statements 30
Leases, Terms of 6
Lines of Road in Detail 2a
Mile, of System, June 30, 1902. 2
Omnibus Lease 6
Operations, 1901 and 1902 5,7
Operations of Texas Lines.. 15
Profit and Loss Acct., So.
Pac. Co. and Prop. Cos 8
Profit & Loss Acct., S. P. Co. 11
Properties and Mileage 2b
Rolling Stock 4
Sinking Funds 26
Stocks & Bonds in Treasury. 24
Stocks and Bonds Pledged ... 19
Terms of Leases 6
Trust Fund, Prop'y Cos 29
1. History. — The Southern Pacific Co. is a corporation created by special charter
from the State of Kentucky, authorizing it, among other things, to contract for and
acquire, by purchase or otherwise, stocks, bonds, or securities of any company, corpora-
tion, or association; to enter into contracts in respect to the construction, establishment,
acquisition, owning, equipment, leasing, maintenance, or operation of any railroads,
telegraphs, or steamship lines, or any public or private improvements, and to buy,
hold, sell, and deal in all kinds of private and public stock, bonds, and securities. The
company was organized on Aug. 14, 1884, and commenced practical operations on March
1, 1885, when the "Omnibus Lease" (see Sec. 6) went into effect. The proprietary lines
not embraced in the "Omnibus Lease" have been acquired from time to time since then
as shown in the MANUAL for 1900, on pages 612 and 618, and in the MANUAL for 1901,
pages 611 and 614. The New Mexico and Arizona RR. and the Sonora Ry. are leased
from The Atchison, Topeka and Santa Fe Ry. Co. until Sept. 1, 1979, this company agree-
ing to pay an annual rental of $54,646.86 in U. S. gold coin for the former and $163,486.14
in like gold coin for the latter. On the other hand, the Mojave Division of the Southern
Pacific RR. is leased to The Atchison, Topeka and Santa Fe Ry. Co., also, until Sept. 1:
1979, at an annual rental of $218,133 in U. S. gold coin.
630
POOR S MANUAL OF RAILROADS — PACIFIC GROUP.
2. Mileage of the Railroad System on June 30, 1902.
-*
A. OPERATED UNDER LEASES BY S. P. Co. (total, 5,507.57 miles.)
•a
Southern Pacific Railroad 3,267.55 in.
Less, Mojave-Needles line, leased to A., T. & S. F. Ry. Co 242.51 m. — 3,025.04 miles.
South Pacific Coast Railway 101.10 "
Central Pacific Railway 1,359.02
Oregon and California Railroad 671.71 "
New Mexico and Arizona Railroad 88.10 "
Sonora Railway 262.60 "
B. OPERATED IIY THEIR OWN ORGANIZATIONS (total, 3,301.64 miles).
Morgan's Louisiana and Texas Railroad
Louisiana Western Railroad
Texas and New Orleans Railroad
Galveston, Harrisburg and San Antonio Railway
Galveston, Houston and Northern Railway
Houston, East and West Texas Railway
Houston and Shreveport Railroad
New York, Texas and Mexican Railway
Houston and Texas Central Railroad
Carson and Colorado Railway
Iberia and Vermilion Railroad
Gulf, Western Texas and Pacific Railway
323.77
164.27
395.33
917.00
53.44
190.69
39.05
122.41
668.73
299.62 "
16.13 "
111.20 "
Total railroad mileage operated in system, June 30, 1902. 8,809.21 miles.
2 a. Statement in detail of the mileage of railroads, ferries, river and ocean lines
controlled by the Southern Pacific Co. on June 30, 1902, arranged alphabetically without
reference to the classification in Sec. 2, which see:
Proprietary Line*.
Carson and Colorado Ry. (n. g.) :
Mound House, Nev., to Keeler, Cal
Junction to Candelaria, Nev
Miles.
293.62
6.00
Total C. & C. Ry.
299.62
Central Pacific Ry. (owned, 1,348.38 m.) :
Oakland Local Lines, viz. :
Oakland Pier to East Oakland 4.84
Alameda Local lines, viz. :
Oakland Pier to Melrose 8.31
Mastick Station to Alameda Wharf 1.25
East Oakland to Fernside 1.98
Oakland to Niles 26.39
San Jose, Cal., to near Ogden, Utah 862.84
Ogden Un. Sta. to Utah Cent. Crossing. . 0.11
Roseville to Oregon State Line 296.58
Lathrop to Go ihen 146.08
San Fran, to Oakland (Ferry 3.69 m.)..
S. F. to Sacramento (River line 125 m.)
Marysvllle St'b't line (River line 190 m.)
. J Union Pacific Ry. : Ogden west. . 5.00
j S.P.RR. : Brighton to Sacramento 6.64
Total, Central Pacific Ry 1,359.02
Cromwell Steamship Co. :
N. Y. to N. Orleans (Ocean line 1,800 m.)
Direct Navigation Co. (Texas) :
Houston to Galveston (River line 75 m.)
Oalveston, Harrisburg and. San Antonio Ry. :
Houston to El Paso, Tex 833.41
Spoftord to Eagle Pass, Tex 35.05
Harwood to Gonzales, Tex 12.30
Smith's Junction to La Grange, Tex.... 28.50
Stella to Harrisburg, Tex 7.74
Total, G., H. & S. A. Ry.
917.00
Galveston, Houston and Nwthern Ry.
Magers to Galveston, Tex
Gulf, Western Texas and Pacific Ry.
Port Lavaca to Cuero, Tex
Victoria to Beeville, Tex
Total, G., W. T. & P. Ry.
Houston, Eait and West Texas Ry. :
Houston, Tex., to Logansport, La..,
Houston and Shreveport RR. :
Logansport to Shreveport, La.
Houston and Texas Central RR. :
Houston to Denison, Tex
Hempstead to Austin, Tex
Bremond to Ross, Tex
Austin to Llano, Tex
Fairland to Marble Falls, Tex. . .
Garrett to Waxahachie, Tex
Waxahachie to Fort Worth, Tex.
Total. H. & T. C. RR.
Miles.
53.44
55.14
56.06
111.20
190.69
39.05
337.98
115.00
54.77
99.75
6.69
12.57
41.97
668.73
Iberia, and Vermilion RR. :
Salt Mine Junction to Abbeville, La...
Louisiana Western RR. :
Lafayette, La., to Sabine River, La
Midland to Eunice, La
Midland to Abbeville, La
16.13
105.76
23.73
34.78
Total, La. Western RR 164.27
M's La.dTex.RR.&SS.Co.(o-wne& 300.17 m.)
Algiers to Lafayette, La
Lafayette to Cheneyville, La
Alexandria Terminal, La
Cade to Arnaudville, La
144.63
60.15
1.24
29.74
POOR'S MANUAL SOUTHERN PACIFIC COMPANY.
631
Miles.
'M's La. & Tex. RR. Brought forward 235.76
New Iberia to Salt Mine, La 9.64
Baldwin to Cypremort, La 15.29
Schriever to riouma, La 14.60
Schriever to Napoleonville, La 22.85
Raoeland Branch, La 2.03
New Orleans to Algiers (Perry 1 m.)....
New Orleans to Havana, via Tampa and
Key West (Ocean line 700 m.)
Morgan City to Brazos, Santiago (Ocean
line 570 m.)
Morgan City to Point on Bayou Teche
(River line 105 m.)
Leased : Texas and Pacific Ry. Co. :
Cheney ville to Alexandria 23.60
Total M. La. & Tex. RR 323.77
New York, Texas and Mexican Ry. :
Rosenberg to Victoria, Tex 91.00
Wharton to Van Vleck, Tex 31.41
Total, N. Y., Tex. & Mex. Ry 122.41
Oregon and California RR. ( owned, 669.99 m.
Portland, Ore., to State line, Cal
Portland to Corvallis, Ore
Woodourn to Natron, Ore
Albany Junction to Lebanon, Ore
Portland to Airlie, Ore
Sheridan Junction to Sheridan, Ore
Mohawk June, to Wendling, Ore
Leased: No. Pac.Ter. Co., Portland, Ore..
Total Ore. & Cal. RR 671.71
South Pacific Coast Rn. (n. g.) :
Alameda to Santa Cruz, Gal 77.60
Alameda Jane, to 14th St., Oakland 1.90
Newark to Centerville, Cal 3.00
Campbells to New Almaden, Cal 9.60
Felton to Boulder Creek, Cal 7.30
June. South Big Trees to Old Felton, Cal 1.70
San Francisco to Alameda (Ferry 3m.).
Total S. P. C. Ry 101.10
Southern Pacific RR.:
San Francisco to Tres Pinos 100.49
Alcalde to Yuma 551.35
Mojave to Needles *242.51
Carnadero to Salinas City 35.10
Salinas City to San Miguel 90.89
Los Angeles to San Pedro 24.65
San Miguel to Saugus 239.95
Stockton to Milton 36.82
Baden to South San Francisco 1.51
San Bruno to South San Francisco 2.16
Hillsdale to New Almaden 7.71
Pajaro to Santa Cruz 21.20
Aptos to Monte Viata 4.78
Castroville to Lake Majella 19.55
Avon to San Ramon 20.27
Near Martinez to Armona 193.28
Collis to Fresno 15.15
Peters to Merced 57.99
Berenda to Raymond 21.00
Fresno to Pollasky 24.11
Fresno to Famosa 102.28
Burbank to Chatsworth Park 21.62
Clement June, to Port Los Angeles 17.87
Soldiers' Home Branch 2.97
San Pedro to Point Terrain 2.92
Florence to Santa Ana 28.26
Miraflores to Tustln 11.70
Studebaker to Whittier 5.91
Long Beach to Thenard 4.02
Shorb to Pasadena 4.83
Miles.
South. Pacific RR. Brought forward 1,901.85
Shorb to Duarte 13.72
Anaheim to Los Alamitos 10.08
Ontario to Chino 5.78
Declez to Declezville 2.55
San Bernardino to Riverside 11.09
Redlands June, to Crafton 7.19
Riverside Extension 1.47
Bassett to Pomona 17.40
Pomona June, to Chino 4.43
Montalvo to west end of Simi Tunnel 37.70
Salinas to Salinas Sugar Factory 2.82
San Buenaventura to Nordhoft 15.13
Goshen to Exeter 16.79
Anaheim Extension 1.70
Anaheim to Loara Junction 2.59
Surf to Lompoc 10.35
Guadalupe to Betteravia 3.62
Madera to end of track 3.91
Santa Ana to Newport Beach 11.71
Newport Beach to Smeltzer 10.76
Oil Junction to Oil City : 6.38
Treadwell Junction, North 2.45
Bakersfield to Olig 50.01
West Oakland to near Martinez 31.04
Benicia to Suisun 16.35
Woodland to Tehama 100.84
Shell Mound to Berrymaa 3.80
Willows to Fruto 16.84
Elmira to Rumsey 51.39
Napa June, to Santa Rosa 36.95
Sacramento to Placerville 59.73
Gait to lone 27.21
Woodbridge to Valley Springs (n. g.) 29.26
Port Costa to Benicia ( Ferry 1 mile) . . .
West Oakland to West Berkeley 4.15
16th Street, Oakland, to Shell Mound 1.55
Fair Oaks June, to Fair Oaks Bridge. . . 2.14
Oroville to Knight's Landing 53.72
Vallejo to Sacramento 60.39
Davis to Knight's Landing 18.64
Napa Junction to Calistoga 34.48
Vallejo June, to Vallejo (Ferry 2 m.)..
East bank of Colorado River to Arizona
and New Mexico Line 392.90
Arizona State Line to east bank of Rio
Grande 167.45
Leased: San Bernardino to Motor Jc.(n.g.) 7.24
Total Southern Pacific RR 3,267.55
Southern Pacific Co. :
New York to New Orleans (ocean line
1,800 miles).
Texas & New Orleans RR. (394.9 miles) :
Sabine River to Houston, Tex 112.16
Sabine Pass to Rockland, Tex 103.11
Rockland to North of Nacogdochea, Tex. 50.41
Dallas to Jacksonville, Tex 115.59
Houston to Clinton, Tex 8.12
Bonita Junction to Mahl, Tex 5.51
Oioncd jointly with International & Great
Northern Ry. at Jacksonville, Tnx 0.43
Total T. & N. O. RR... . 395.33
Total Proprietary Lines 8,701.020
Non-Proprietary Line*.
New Mexico & Arizona RR. :
N. M. & A. June, to Nogales, Ariz 88.10
Sonera Railway :
Negates to Guaymas, Mez 262.597
Total Non-proprietary Lines 350.697
•Leased to The Atchison, Topeka & Santa Fe Ry. Co. tOwned by the Texas Transportation Co.,
but purchased by Texas & New Orleans RR. Co. in 1896, subject to, but without assuming, mortgage
of $350,000 1st mtge. 5 p. o. bonds.
^
SOUTHERN PACIFIC
SYSTEM.
PACIFIC SYSTEM.
LE
633
634
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
2fo. Properties and Mileage. — The transportation lines constituting the Southern
Pacific System, June 30, 1902, were as follows:
DIVISIONS.
Main
Track.
Second
Track.
Sidings.
Total
Track.
Steel
Rails.
Ferries.
River
and
Ocean
Lines.
I. — Proprietary Lines of South-
ern Pacific Company. — (a)
Operated by S. P. Co. under
leases to it :
Southern Pac. RR
if,
*3,267.55
M.
56.27
M.
846 17
M.
4,169.99
M.
3,614 23
M.
300
M.
South Pacific Coast Ry . . .
101.10
8.52
43.29
152.91
102.83
3.00
Central Pacific Ry.
1,359.02
14 95
477 33
1 851 30
1 726 34
3 69
315
Oregon & California RR. . .
671.71
96.90
768.61
698.62
(b) Operated by companies
owning the lines:
Morgan's L. & Tex. RR.
&SS. Line
323.77
35.87
159 86
519 50
1 00
1 375
Louisiana Western RR . . .
164.27
38 93
203 20
Texas <fe New Orleans RR.
395.33
3.89
117.82
517.04
476.28
Galv., Har. & S.Anton.Ry.
917.00
189.10
1,106.10
1,006.86
Galv., Houston & No. Ry .
53.44
13.42
66.86
66.86
Houston, E. & W. Tex. Ry.
190.69
29.87
220.56
220.56
Hous. <fc Shreveport RTl. . .
39.05
3.74
42.79
42.79
N. Y., Tex. & Mexican Ry.
122.41
13.25
135.66
135.28
Hous. & Tex. Central RR.
668.73
160.43
829.16
829.16
Cromwell Steamship Co . .
322.00
1,800
Car. & Col. Ry.(nar.gauge">
299.62
22.38
322.00
So. Pac. Co. Steams'pLine
1,800
IT. — Proprietary Lines of Mor-
gan's La. & Tex. RR. & SS.
Co. — Operated by their own
organizations :
Iberia & Vermilion RR . . .
16.13
2.86
18.99
18.99
Direct Navigation Co ....
75
Gulf, Wes. Tex. & Pac. Ry.
111.20
16.53
127.73
112.65
Total Proprietary Lines
8 701.02
119 50
2 231.88
11,052.40
10.69
5 365
III. — Non Proprietary Lines. —
Operated by the Southern
Pacific Co. under Leases :
New Mex. & Arizona RR .
88.10
7.98
96.08
92.14
262 60
17 59
280.19
280.19
350 70
25 57
376.27
372.33
Grand Total Mileage
9 051 72
119.50
2 257.45
11,428.67
10.69
5 365
* Includes Southern Pacific RR. Co. line from Mojave, Gal., to The Needles, 242.51 miles,
which Is leased to the Atchison, Topeka and Santa Fe Ry. Co. until Sept. 1, 1979, for an annual
rental of $218,133 U. S. gold coin.
RECAPITULATION .
RR.
Lines.
Ferries.
River
and Ocean
Lines.
REMARKS.
Proprietary Lines :
Owned
8,657.823
43.197
10.69
5,365
Miles of Railroad Owned ....
Less leased to A., T. & S.F.Ry
Owned mileage operated ....
Miles of railroad leased
8,657.823
242.507
L eased
Total
8,701.020
350.697
10.69
5,365
8,415.316
393.894
Non-proprietary Lines
Total June 30, 1902
9,051.717
9,016.880
34.837
10.69
10.69
5,365
5,365
Total Mileage operated
8,809.210
Total June 30 1901. .
Increase . .
Gauge, 4 ft. 8y2 in., except Carson and Colorado RE., 299.62 miles, South Pacific
Coast Ry., 101.10 miles; and narrow-gauge branches of Southern Pacific RR., 36.5 miles,
all of which are of 3 ft. gauge. Rail, 35 to 96 Ibs.
The total additions to the operated mileage of the company's lines since its last
report (after deducting 5.14 miles net decrease from changes in location of lines and
POOR 8 MANUAI
-SOUTHERN PACIFIC COMPANY.
635
5 miles transferred from main track mileage to sidings) were 34.84 miles of main track,
12.23 miles of second track, and 152.92 miles of sidings.
Excluding the Mojave Division, leased to The Atchison, Topeka & Santa Fe Ry. Co.,
the operated mileage of the company's lines on June 30, 1902, comprised 8,458.13 miles
fef ' ' Proprietary ' ' and 350.70 miles of ' ' Non-Proprietary ' ' lines. The average number
of miles of road operated for the year was 8,757.48 miles.
3. Floating Equipment, June 30, 1902. — Steamships, 24 ; river steamers, 9; ferry
steamers, 7; car transfer steamers, 6; tugs, 13; car transfer barges, 2; barges, 21 j
derrick boats, 4 ; pile drivers, 2 ; pile driver barge, 1 ; dredges, 3 ; steamship stern dock,
1. The Southern Pacific Co. owns 12 of the steamships and 1 of the tugs; the floating
equipment owned by the proprietary companies is shown in their respective statements.
4. Rolling Stock (Proprietary Companies and Southern Pacific Co.), June 30,
1902. — Locomotives, 1,374. Cars (passenger, 1,331; freight, 39,518; road service, 2,463),
43,312 as follows:
Passenger Equipment.
Baggage, Express and Mail 314
Baggage and Passenger.... 93
Business 25
Chair 67
Composite 11
Dining 23
Parlor 2
Passenger 754
Postal 42
Freight Equipment.
Box 19,607
Caboose 583
Flat 11,880
Fruit 1,146
Furniture 203
Gondola 2,794
Oil Tank 793
Pit 2
Refrigerator 203
Stock 1,904
Tank 503
Road Service Equipment.
Air Brake 2
Ballast 783
Derrick 25
Derrick Tender 73
Ice Flanger 16
Pile Drivers and Tenders.. 32
Station and Maint. of Way. 1,217
Steam Shovels & Tenders.. 8
Snow-plows and Tenders... 19
Water 270
Miscellaneous 18
Total 1,331 Total 39,518 Total 2,463
Of this equipment the Southern Pacific Co. owns the following: Locomotives, 102.
Cars — passenger, 20; chair, 30; dining, 4; freight (box, 565; flat, 1,100; fruit, 230;
gondola, 500; oil tank, 567; stock, 300) 3,262; service (ballast, 300; station and main-
tenance of way, 31; snow- plows, 2), 333 — total, 3,649. The equipment owned by the
proprietary companies is shown in their respective statements.
5. Traffic and Transportation Operations.— Statement of train mileage and traflSc
operations, earnings and expenses of all lines for two fiscal years ending June 30:
1901
1902
1901
1902
Miles Road Operated (aver.)
8,654.97
13,204,999
17,656,562
1,368,705
8,757.48
14,398,718
18,066,913
1,241,424
RR. Earnings — Passenger
Freight
I
19,109,605 41
50,333,142 41
2,799,020 52
1,250,870 60
S
21,709,226 62
52,830,097 70
3,013,072 83
1,371,325 81
Freight Train Miles
Mail & Express . . .
Miscellaneous ....
Total, Rail Lines
Total Revenue Train Miles
Total Traffic Miles
32,230,266
36,882,181
11,499,886
15,910,023
33,707,055
38,827,906
12,079,092
17,234,763
73,492,638 94
4,236,789 26
77,729,428 20
78,923,722 96
4,620,098 54
83,543,821 50
Through and Local Passengers
Ferry — Suburban Passengers
Total Passengers Carried
Gross Earnings
RR. Expenses— Maint. Way, etc. . .
Main. Equip
Transportation . . .
General
10,174,319 78
7.643,913 80
26,305,335 92
1,957,161 02
12,093,242 51
9,128.251 87
28,079,869 83
1.699,781 28
27,409,909
786,895,220
148,248,106
29,313,855
927,427,864
159,461,657
Through and Local Pass. 1 Mile
Ferry— Suburban Pass. 1 Mile
Total Passengers 1 Mile
Total, Rail Lines
46,080,730 52
3,353,821 37
51,001,145 49
3,893,554 41
935,143,326
14,151,098
3.658.470
1,086,889, 521
15,736,913
4,523,660
Operating Expenses
49,434,551 89
28,294,876 31
8,491 37
5,324 19
3,167 "18
63.60 p.c.
2.277 a
1.001 c.
54,894,699 90
28,649,121 60
9,012 15
5,823 72
3,188 43
65.71 p. c.
2.201 c.
1.021 c.
Net Earnings
Tons Company Freight
Total Tons Freight Moved
Freight Ton-Miles, Commercial . . .
Freight Ton-Miles, Company
Total Tonnage Mileage
17,809.568
4,862,692,291
821,471,498
20,260,573
4,957,602,303
1,102,271,107
*Gross Earnings per Mile
"Operating Expenses per Mile
*Net Earnings per Mile
Expenses to Earnings . .
Aver. Rate per Pass, per Mile
5,684,163,789
6,059,873,410
* Rail lines only.
636
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
The rail lines were operated at 64.63 p. c. of their gross receipts, against 62.70 p. c.
in 1901, and the water lines at 84.27 p. c., against 79.16 p. c. in 1901. The average for
both rail and water lines was 65.71 p. c., against 63.60 p. c. in 1901. Expenses for
"maintenance" absorbed 26.89 p. c., and for "operation" 37.74 p. c. of the gross receipts
of the rail lines.
6. Terms of Leases The " Omnibus Lease," the terms of which are outlined
in the MANUAL for 1902, on page 584, was abrogated as of Dec. 31, 1901. The terms
under which the railroads embraced in that lease are now operated are given in the
separate statements for those railroads, appended hereto.
7. Results from Operation, Whole System. — The gross receipts and disburse-
ments of the Southern Pacific Co. in respect to its leased lines, and of proprietary
companies in respect of lines not leased, and the other receipts and disbursements of the
Southern Pacific Co. and of all proprietary companies, for the two years ending June
30, 1901 and 1902, were as follows:
1902
1901
Increase.
Decrease.
Average Miles of all Rail Lines Operated — Pro-
8,757.48
$
83,543,821 50
244,124 62
372,509 68
86,769 90
644,425 62
923,653 86
27,192 78
1,318,707 27
8,654.97
$
77,244,898 18
519,044 93
416,057 48
92,364 90
529,352 42
637,134 50
5,462 06
1,663,357 74
102.61
9
6,298,923 32
Receipts.
Gross Transportation Receipts from Operations
of proprietary and Non-Proprietary Lines,
$
Miscellaneous Receipts of Proprietary Cos. :
274,920 31
43,547 80
5,595 00
Income from Sinking Funds Pledged for Re-
Income from Lands and Securities not Pledged
115,073 20
286,519 36
21,730 72
Gross Receipts of Southern Pacific Co. from
Sources Other than from the Operations of
344,650 47
Total Receipts
87,161,205 23
54,894,699 90
1,886,301 94
81,107,672 21
49,098,026 84
1,780,986 98
6,053,533 02
5,796,673 06
105,314 96
Disbursements.
Taxes
Total
56,781,001 84
704,680 04
12,794,607 60
1,180,104 48
526,825 26
85,601 34
122,570 78
812,509 68
29,642 63
44,795 69
1,962,770 00
242,331 93
650,960 17
75,000 00
3,550 00
396,300 30
41,482 26
165,000 00
50,879,013 82
1,328,566 57
12,795,430 63
1,275,208 97
479,773 95
76,762 81
105,749 24
856,057 48
5,901,988 02
Miscellaneous Expenses and Other Charges of
Proprietary Companies, viz. :
623,886 53
823 03
95,104 49
Interest on C.P.R.R.Co. notes to U. S. of A
47,051 31
8,838 53
16,821 54
Sinking Fund Contributions and Income from
Sinking Fund Investments
43,547 80
Old Accounts Charged off and Adjusted
29,642 63
Miscellaneous Expenses
46,618 72
1,629,809 99
84,662 98
601,560 44
75,000 00
1,823 03
Other Charges against Southern Pac. Co., viz. :
Interest on Funded Debt of So. Pac. Co . . .
332,960 01
157,668 95
49,399 73
Betterments Additions and Equipment ....
Insurance, Taxes and all Other Ace. except for
*
Premium on Bonds Purchased and Canceled . . .
Advances to San An. & Aransas Pass. Ry. Co. . .
Old Accounts Charged off and Adjusted
3,550 00
465,609 29
69,308 99
41,482 26
Discount on So. Pac. Co. 4i per cent. Bonds. . . .
165,000 00
76,619,734 00
10,541,471 23
6,763,958 16
516,445 34
4,255,944 16
70,864,824 89
10,242,847 32
2,922,270 94
3,864,015 72
5,754,909 11
298,623 91
3,841,687 22
Expended for Betterments and Additions — Pro-
prietary Lines
Expended for New Equipment — Proprietary Lines
Expended for Equip. Owned by So. Pac. Co
Total . .
3,347,570 38
4,255,944 16
11.536.347 66
6,786.286 66
4,750.061 00
POOR'S MANUAL — SOUTHERN PACIFIC COMPANY.
637
Expenditures for betterments, additions and new equipment for account of the proprietary
lines, amounting in the aggregate to $7,280,403.50, were this year charged to the capital account
of the respective companies.
Expenditures for betterments, additions and equipment to the railways of the South Pacific
Coast Ry., the New Mexico and Arizona RR., and the Sonora Ry., amounting to $242,331.93, were
charged to the income of the Southern Pacific Co. There were purchased 102 locomotives,
54 passenger train cars, 3,262 freight train cars and 333 road service cars, costing in the aggre-
gate $4,255,944.16 in excess of the requirements of the replacement funds and of the appropria-
tion made from the income of the preceding year. As further large expenditures for equipment are
necessary, it was thought best that the Southern Pacific Co. should retain, for the present, the
ownership of equipment thus purchased in excess of the equipment already owned by the constitu-
ent companies, and should lease such equipment to the constituent companies.
In former reports all receipts from rental of tracks and property were treated as a receipt
separate from transportation receipts, and all payments for similar account were treated as an ex-
pense separate from operating expenses. In this year's report the receipts or payments for track-
age and other rentals have been taken up in the transportation receipts or operating expenses, ac-
cording to the balance of such receipts or payments of the respective companies. Adjusting the
transportation results reported for the preceding year to this year's method in respect of this mat-
ter, the operations compare with those of the preceding year as follows :
Average miles of road operated increased 102.51, or 1.18 per cent.
Gross transportation receipts increased $5,814,393.30, or 7.48 "
Operating expenses increased 5,460,148.01, or 11.04 "
Taxes increased 105,314.96, or 5.91 "
Transportation receipts over operating expenses and taxes increased. 248,930.33, or .83 "
Receipts from all sources over all disbursements charged to In-
come Increased 298,623.91, or 2.91 "
The details of the receipts and disbursements of the Gila Valley, Globe and Northern Ry. Co.
and of the San Antonio and Aransas Pass Ry. Co., whose bonds are guaranteed by the Southern Pa-
cific Co., but whose receipts and disbursements are not included in the statement of "Income for
the Year" (except the advance of $396,300.30 to the San Antonio and Aransas Pass Ry. Co.), are
shown in Section 14.
The .Bkarges against the income for the year include $369,060.43 advanced by the Southern
^Pacific C&. to the Oregon and California RR. Co., and $396,300.30 advanced to the San Antonio and
Aransas Pass Ry. Co. for operations, betterments and additions, retirement of equipment trust notes
and fltner purposes, but said sums, amounting in the aggregate to $765,360.73, still remain due
ftrom said companies to the Southern Pacific Co.
The greater part of the decrease in the gross receipts of the Southern Pacific Co. resulted from
^ change in the plan of operating the New York, New Orleans and Galveston steamship line. Prior
to Jan. 1, 1902, the steamers of the Southern Pacific Co. were leased to the Morgan's Louisiana and
Texas Railroad and Steamship Co. and operated by the Southern Pacific Co. as a part of the Mor-
gan Line, and the rentals received for said steamers were treated as receipts of the Southern Pa-
cific Co. Commencing with Jan. 1, 1902, said steamships were operated by the Southern Pacific
Co., and their receipts and expenses were, for the purposes of comparison with previous years, in-
cluded in the transportation receipts and operating expenses herein reported.
Interest on funded debt increased $237,032.49. There was a decrease in interest on funded
debt of the proprietary companies, and in interest on notes of the Central Pacific RR. Co. to the
United States of $95,927.52, and an increase in interest on funded debt of the Southern Pacific
Co. of $332,960.01, resulting principally from a full year's interest charge on the outstanding
2-5-yr. 4* p. c. gold bonds.
The earnings and expenses of the Pacific Mail Steamship Co. and of the Gila Valley, Globe and
Northern Ry. Co. have not been taken into the income for the year, nor are their earnings, expenses,
assets or liabilities included in any statements in respect of the operations and transactions of the
proprietary companies. A statement of the receipts and disbursements of the Pacific Mail Steamship
vCo. will be found in Sec. 15.
8. Southern Pacific Company and Proprietary Companies — Profit and Loss Account
for year ending June 30, 1902:
Miscellaneous expenses
Adjustment in accounts
Premium on $435,000, face value.
Ore. & Cal. RR. Co. 1st mtge. 5
p. c. bonds purchased and can-
celed
Loss in sale of the Austin & North-
western, Cent. Texas & North-
western & Ft. Worth & New
Orleans Rys. to the Houston &.
Texas Cent. RR. Co.:
Loss in cost of
properties $2,120,071 49
Lesa capital stock
written off
$61,070 00
143,369 90
10,875 00
Liabilities paid by
H.&T.C.RR.Co.
Dividend on C. T.
A N. W. Ry.stk.
1,516,000 00
$604,071 49
329,930 71
$274,140 78
200,000 00—
474,140 78
Balance, June 30, 1902:
So. Pac. Co $10,176,309 12
. Companies . 58,707,856 80— 68,884,165 92
Total $69,573,621 60
Balance, June 30, 1901 :
So. Pac. Co $10,935,343 14
Prop. Companies . 44,064,894 39 — $55,000,237 53
Balance from income account
Annual contribution to Sinking F'ds
Income from Sink. Fund Investm'ts
Proceeds from sale of lands pledged
for redemption of bonds
Profits from sale of bonds and se-
curities exchanged
Miscellaneous collections
Adjustment in accounts
Dividend on Capital Stock of Cent.
Tex. & Northwestern Ry
Advances to San Antonio & Aransas
Pass. Ry. Co. charged in income
acct., now credited and charged
to San Ant. & Aran. Pass. Ry
Co. . .
10,541,471 23
515,000 00
372,509 68
2,155,418 86
332,279 21
30,727 47
29,677 32
200,000 00
396,300 30
Total $69,573,621 60
638
POOR S MANUAL OF RAILROADS — PACIFIC GROUP.
9. Income Account, Southern Pacific
DISBURSEMENTS.
Operating expenses, taxes, interest
and all other charges which are
an obligation of the Southern
Pacific Company under its
leases of the following:
Central Pacific Ry $20,191,1 1 1 62
Oregon & California RR 3,504,911 38
South Pacific Coast Ry 1,360,249 46
La. West. RR $993,289 44
Mor.'sL. &T. RR.
& SS. Co 4,379,946 35
Southern Pac. RR 27,994,894 12— 33,368,129 91
N. M. & Ariz. RR. 380,10106
SonoraRy 681,34652— 1,061,44758
Deficit in earnings of Oregon & Cal.
RR. Co. after payment of all
ex peuses, including betterments
and additions 369,060 43
Total $59,854,910 38
Fixed rental to Cent. Pac. Ry. Co . . $10,000 00
Fixed rental to Ore. & Cal. RR. Co . 5,000 00
Fixed rental to So. Pac. RR. Co 5,000 00
Int. due to affiliated Cos. on ad-
vances and open accts., including
int. charged to Ore. & Cal. RR.
Co. and S. A. & A. P. Ry.
Co $996,210 14
Less int. due from af-
filiated Cos. on simi-
lar accounts 712,754 14— 283,456 34
Int. on S. P. Co. 6 p. c. SS. bonds. . . 135,030 00
Int. on S. P. Co. 4 p. c. bonds (C. P.
Stock Collateral) •. 1,152,740 00
Int. on S. P. Co. 4i p. c. 2-5 yr. bds. . 675,000 00
Steamship expenses 1,413,446 40
Insurance on steamships 259,520 90
Taxes and expenses of land dept. . . . 3,323 1 9
Taxes on other property 26,726 23
Miscellaneous expenses 57,933 51
Annual paym'ts for redemption of
6 p. c. steamship bonds 75,000 00
Premium on $71,000, face value, S.
P. Co. 6 p. c. steamship bonds,
purchased and canceled 3,550 00
One year's proportion of discount
on S. P. Co. 4* p.c. bonds sold . . . 165,000 00
Adjustment of old accounts 37,145 64
Expendit. for surveys, charged off. . 4,336 62
Advances to San Ant. & Aran. Pass
Ry. Co. for acct. of oper., bet-
terments and additions 396,300 30
Total $64,563,419 51
1O. Consolidated Income Account of
1902 (the separate income accounts will
proprietary companies) :
Gross Transportation Receipts $81,021,021 80
Rentals, Trackage 244,124 62
Income from Investments 86,76990
Income from Securities and Lands not
Pledged for Redemption of Bonds. . 644,425 62
Income from Securities Owned by
Sinking Funds 372,509 68
Interest on Open Accounts 923,653 86
Miscellaneous receipts 27,19278
Company, year ending June 30, 1902.
RECEIPTS.
Gross transportation and other re-
ceipts from the operation of the
properties leased by the So.
Pac. Co.:
Central Pacific Ry $20,191,111 62
Oregon & Cal. RR 3.5O4.911 38
South Pacific Coast Ry 924,488 35
La. West. RR $950,398 03
Morg.'sL. &T.RR
& SS. Co 4,546,008 55
So. Pac. RR 28,805,599 86— 34,302,006 44
N. M. &Ariz. RR.. 254,978 10
Sonora Ry 537,867 02— 792,845 12
Total $59,715,362 91
Dividends on W., F. & Co.'s stock. .
Dividends on other stocks
Interest on bond* owned
Proceeds from sale and lease of lands
Profits on bonds sold
Profits from operating wood-pre-
serving works
Steamship earnings
Rentals from steamships
Rentals from terminal facilities. . . .
Rentals from other property
Int. on open accts. other than with
affiliated companies
Miscellaneous receipts
Adjustment old accounts
Balance to Profit and Loss (sec. 11).
$137,700 00
63,896 00
323,992 72
6,342 20
44,752 60
16,314 47
1,729,954 58
470,709 71
121,512 00
26,531 04
56,923 05
39,388 95
10,644 63
1,799,394 75
Total $64,563,419 51
Proprietary Companies, year ending June 30,
be found in the respective statements for the
Operating Expenses $52,734,092 04
Taxes 1,872,82511
Rentals, Steamships 470,709 71
Rentals, Trackage 15,837 33
Interest on Funded Debt 12,794,607 60
Interest on Central Pacific RR. Co.
3 p. c. Notes to United States of
America 1,180,10448
Interest on Open Accounts 519,230 79
Land Department Expenses 85,601 34
Taxes on Granted Lands 122,57078
Miscellaneous Expenses 40,79095
Sinking Fund Contributions and In-
come from Sinking Fund Invest-
ments 812,50968
Construction, Improvement and Real
Estate 167,18514
New Equipment 64 97
Old Accounts Charged Off and Ad-
Justed 29,642 63
Surveys 4,00474
Total Receipts $83,310,698 26 Total Expenditures $70,849,77.7 29
Surplus for year, $12,469,920.97 ; deduct for adjustment under leases, $498.115.42 ; balance,
surplus to credit of profit and loss, $11,971,805.55.
POOR'S MANUAL — SOUTHERN PACIFIC COMPANY.
639
11. Profit and Loss Account, Southern Pacific Co., year ending June 30, 1902.
Balance from Income Account(sec. 9)
Balance June 30, 1902
$1,799,394 75
10,176,309 12
Total $11,975,703 87
Balance June 30, 1901 $10,935,343 14
Dividends on capital stock of Cent.
Tex. <fe Nw. Ry. declared 200,000 00
Contribution for redemption 6 p. c.
steamship bonds 75,000 00
Advances to Ore. & Cal. RR. Co.
charged to income now credited
and charged to the O. & C. RR.Co. 369,060 43
Advances to San Ant. & Aran. Pass
Ry. Co. charged to income now
credited and charged to the S.
A. &A. P. Ry. Co 396,30030
Total $11.975.703 87
12. Southern Pacific Company and Proprietary Companies — Income account, year
ending June 30, 1902 (earnings and expenses of "proprietary" and "non-proprietary"
lines and miscellaneous income of Southern Pacific Company and proprietary companies) :
Operating expenses (and taxes) of
proprietary lines, interest on
funded debt and all other expen-
ses of proprietary companies ....
Operating expenses, taxes and all
other expenses incurred in connec-
tion with the operation of non-
proprietary lines:
N. M. AAriz.RR.. $380,101 06
Sonora Railway. . 681,346 52—
Miscellaneous expenses of the So.
Pac. Co. ($4 708,509.13)
170,849,777 29
1,061,447 58
10,000 00
5,000 00
5,000 00
283,456 34
135,030 00
1,152,740 00
675,000 00
1,413,446 40
259,520 90
3,323 19
26,726 23
57,933 51
75,000 00
3,550 00
165,000 00
37,145 64
4,336 62
396,300 30
10,541,471 23
Receipts of proprietary lines and
miscellaneous income of proprie-
tary companies. 483.310 R98
26
12
85
Receipts of non-propi
N. M. & Ariz.RR. .
Sonora Railway. .
Miscellaneous in-
come of So. Pac.
Co.:
Divids. on stocks .
Int. on bonds. . . .
•ietary lines:
$254,978 10
537,867 02— 792,845
201,596 00
323,992 72
6,342 20
44,752 50
16,314 47
1,729,954 58
470,709 71
121,512 00
26,531 04
56,923 05
39,388 95
10,644 63— 3,048,661
Proceeds from sale
and lease of 1'ds
Prof, on bds. sold.
Profits from oper.
wood-preserving
works
Fixed rentals Ore & Cal. RR
Fixed rentals So. Pac. RR
Int. due to affiliated
companies on ad-
vances and open .
accounts, includ-
ing interest
charged to Ore. &
Cal. RR. Co. & S.
A. & A. P. Ry. Co. $996,210 48
Less int. due from
affiliated com-
panies on similar
accounts 712,754 14 —
Steamship earn.. .
Rentals fromSS...
Rentals from ter-
minal facilities .
Rentals from other
property
Int. on open accts.
other than with
affiJ. companies
Miscel. receipts . . .
Adjustment of old
Interest on S. P. Co. 6 p. c. steam-
ship bonds
Int. on S. P. Co. 4 p. c. (C. P. Stock
Collateral)
Total. .
Interest on S. P. Co. 4} p. c. 2-5-
yr. bonds
Steamship expenses
Insurance on steamships
Taxes and expenses of land de-
partment
Taxes on other property
Miscellaneous expenses
Sinking fund contributions
Premium on $71,000, face value, S.
P. Co. 6 p. c. steamship bonds
purchased and canceled
Discount on Southern Pacific Co.
4$ p. c. bonds sold
Adjustment of old accounts
Expenditures for surveys, ch'ged off
Advances to San Ant. 4 Aran. Pass
Ry. Co ...
Balance to profit and loss . .
Total. .
$87.161.205 23
. $87.161,205
23
13. Capital Stock. — The capital stock of the Southern Pacific Co. outstanding at the begin-
ning of the year amounted to $197,847,788.40. This was increased during the year by $1,439, is-
sued against stock of the Southern Pacific RR. Co. purchased by the Southern Pacific Co. ( and paid
for by the issue of its own stock), and deposited with the Union Trust Co., making the total out-
standing stock of the Southern Pacific Co. at the close of the year $197,849,227.40.
The aggregate of the stocks of the proprietary companies outstanding at the beginning of the
year amounted to $303,924,572. The aggregate of the capital stocks of companies acquired during
the year amounts to $1,000,000. There were written off during the year the capital stocks of the
Austin and Northwestern RR. Co., Central Texas and Northwestern Ry. Co., and Port Worth and
New Orleans Ry. Co., amounting to $1,516,000, making a net decrease in stocks outstanding for
the year of $516,000. The total stocks of proprietary companies outstanding at the close of the
year were $303,408,672. Of the total outstanding stock $302,767,672 is owned by the Southern
640
POOR S MANUAL OF RAILROADS — PACIFIC GROUP.
Pacific Co. and $845,700 by the Morgan's Louisiana and Texas Railroad and Steamship Co., a
proprietary company of the Southern Pacific Company.
The stocks owned by the Southern Pacific Co. and deposited with the Union Trust Co. of New
York against capital stock issues of t.ho Southern Pacific Co. and the stocks and bonds deposited
with the trustees of the Southern Pacific Co.'s 4 p. c. gold mtge. (Central Pacific stock collateral)
and 2-5-yr. 4j p. c. gold mtge. are shown in detail in Sec. 17.
14. Consolidated Profit and Loss Account of Proprietary Companies, year ending
June 30, 1902 (the separate Profit and Loss Accounts will be found in the respective state-
ments for the proprietary companies ) :
CREDIT.
Balance June 30, 1901 154,735,92231
Income Account Surplus 12,624,990 54
Contribution to Sinking Funds and
Income from Sinking Fund Invest-
ments 812,50968
Proceeds from Sale of Lands Pledged
for Redemption of Bonds 2,155,418 86
Profit from Sale of Bonds and Securi-
ties Exchanged 332,279 21
Miscellaneous Collections 30,72747
Adjustments in Accounts 29,67732
Balance to Debit of General Account,
June 30, 1902 11,459,746 44
DEBIT.
Balance June 30, 1901 $11,146,30245
Income Account Deficit 653,184 99
Miscellaneous Expenses 61,07000
Adjustments in Accounts 142,23615
Premium on Bonds Purchased and
Cancelled 10,87500
Balance to Credit of General Ac-
count, June 30, 1902 70,167.60324
(Net Balance to Credit of General
Account, June 30, 1902, $58,707.-
856.80.)
Total $82,181,271 83 Total $82,181,271 83
15. Combined Statement of Income Account and Profit and Loss for the year ending
June 30, 1902, of Southern Pacific Company and of all companies in which the Southern
Pacific Company has a proprietary interest, and of the San Antonio & Aransas Pass Ry.
Co., for which it has guaranteed principal and interest of bonds :
So. Pac. Co.
& Proprie-
tary Cos.
Gila. Vy.,
Globe &
No. Ry. Co.
Pac. Mail
Steamship
Co.
San Antonio
& Arausas
Pass. Ry. Co.
Total.
Miles of rail lines operated . .
8,757.48
6,365.00
$
83,543,821 50
244,124 62
372,509 68
2,245,048 84
2,155,418 86
29,677 32
1,318,707 27
125.55
. 687.40
9,570.43
16,186.00
S
88,349,766 94
244,124 62
372,609 68
2,392,727 00
2,155,418 86
167,430 27
1,318,707 27
10,821.00
I
1,883,413 00
Receipts.
S
375,366 81
1
2.547,165 63
Inc. from Sink. Funds Pl'gd
for Redemp. of Bonds. . ..
Miscellaneous Receipts. . . .
Proceeds from Sale of L'ds .
Pl'gd for Redemp. of Bds.
Adjustment in Accounts.. . .
Receipts of So. Pac. Co.
from Sources Other than
from the Operation of
Leased Lines
145,933 16
1,745 00
137,752 95
Total Receipts
89,909,308 09
54,894,699 90
2,590,981 98
15,937,482 08
775,788 33
109,142 37
142,236 15
475,274 53
375,366 81
174,717 70
228 51
75,700 00
2,167,099 11
2,254,798 19
2,548,910 63
1,902,497 08
71,563 03
756,000 00
* 140,350 11
199 46
95,000,684 64
59,226,712 87
2,662,773 52
16,769,182 08
916,138 44
247,666 35
152,558 19
671,174 45
80,000 00
692,442 43
165,000 00
312,183 81
Disbursements.
Operating Expenses
Taxes and Rentals
Int. on Fund. & Other fixed
int.-bearing Debt(inc.int.
on Fund.Debt of S.P.Co.)
Int. on Open Ace., Exp. of
Land Dept., Taxes on
granted L'ds & Misc.exp.
Miscellaneous Expenses . . .
Adjustments in Accounts. .
Cost of Prop. Charged off . .
Divid. on Capital Stock ....
1,097 51
137,227 01
10,322 04
195,899 92
80,000 00
Exp. of So. Pac. Co. for Ins.,
Taxes and all Other Aces.
ex. for Def. in Oner, of
Leased Lines & Int. tin
Funded Debt
692,442 43
165,000 00
242,331 93
Disct. on So. P. Co. 4* p. c.
Bonds
Betterm'ts, Add. & Equip:.
Total Disbursements/. .
Balance, Surplus
14,969 47
54,882 41
76,025,379 70
13,883,928 39
346,713 19
28,653 62
2,698,247 16
Z)e/.431,148 05
2,925,492 09
De/.376,581 46
81,895,832 14
13,104,852 60
* Includes $135,883.77 on advances by Southern Pacific Company.
Railroad Map of California and Nevada.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"J
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual— Railroad Map of the United States, 1903.
CALIFORNIA AND NEVADA.
Railroad Map of California and Nevada.
Railroad Llap of Washington and Oregon.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
AUGUSTUS D. SHEPARD,
CHAIRMAN OF THE BOARD
THEO. H. FREELAND, PRESIDENT
WARREN L. GREEN, VICE-PRESIDENT
JARED K. MYERS, 2ND VICE-PRESIDENT
JOHN E. CURRIER, SEC'Y & TREAS.
F. RAWDON MYERS, ASS'T TREAS.
DANIEL E. WOODHULL, ASS'T SEC'Y.
ENGRAVERS ANt) PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
Poor's Manual — Railroad Map of the United States, 1903.
WASHINGTON AND OREGON.
Railroad Map of Washington and Oregon.
THB TARIFF:
ITS BEARING UPON THE INDUSTRIES AND POLITICS OF THE
UNITED STATES.
By HENRY V. POOR,
Author of "Resumption and the Silver Question," "Money and Its Laws,"
"History of Railroads," Etc., Etc.
I.
ir.
in.
IV.
v.
VI.
VII.
VIII.
IX.
XI.
XII.
XIII.
XIV.
XV.
XVI.
Pp. 121. 8vo. Paper. Price, 25 Cents.
SYNOPSIS OF CONTENTS:
The Indictment to be Answered.
The Tonnage of our Railroads a Measure
of Industrial Growth.
Railroad Mileage, Tonnage and Earnings,
1866-1890.
Effect of Railroad Development upon
Prices and Prosperity.
The Extraordinary Increase In our Rail-
road Tonnage.
The Production and Prices of Iron and
Steel, 1866-1890.
The Effects of the Tariff upon our Iron
and other Industries.
The Free Trader's Argument Analyzed.
Free Trade would Destroy our Balance
of Trade.
The Advance in the Price of Labor.
As Shown by Edward Atkinson.
Annual Average Export Prices of
Domestic Commodities, 1877-90.
Annual Average Prices of Grain, Gro-
ceries and Provisions, 1877-90.
Annual Average Prices of Cotton and
Cotton Manufactures, 1877-90.
Rates of Wages in Great Britain and the
United States as complied by Carroll
D. Wright.
The "American Colonies and the Mother
Country.
The First Tariff Act.
Mr. Madison's Argument for Protection.
Washington's Argument for Protection.
Hamilton's Report on Manufactures.
The Tariff Act of 1816.
John C. Calhoun's Argument for Pro-
tection.
Thomas Jefferson's Argument for Pro-
tection.
The Tariff of 1824.
Andrew Jackson's Argument for Pro-
tection.
Slavery Antagonizes Protection.
The Attitude of South Carolina in 1824
and 1827.
Gene ral Jackson on the Tariff Act of 1828.
Mr. Madison Sounds the Alarm.
The Tariff of 1832.
The South Carolina Nullification.
Mr. Clay's Compromise Tariff.
Meaning and Effect of Nullification.
Jackson's War upon the Bank.
The Government Reduced to a Nullity.
XVII. The Catastrophe of 1837.
XVIII. The Monetary History of the Period.
XIX. The Despotism of Slavery Estab-
lished.
XX. The Principles of the New Democ-
racy, Martin Van Buren.
XXI. The Democratic Party in 1840.
XXII. The Consequences of the Compro-
mise Tariff.
XXIII. President Tyler.
XXIV. President Polk and the Tariff.
XXV. Secretary Walker's Report.
XXVI. The Fallacies of the Report Exposed.
XXVII. English Opinion of the Walker
Report.
XXVIII. The Tariff of 1846.
XXIX. The Discovery of Gold.
XXX. The Balance of Trade under the
Tariff of 1846.
XXXI. The Effects of Free Trade as Shown
by Experience.
XXXII. Our Monetary Experience under an
Adverse Balance of Trade.
XXXTIT. The Instruments of Destruction.
XXXIV. Two Democratic Heresies Aban-
doned.
XXXV. The Surrender to the South.
XXXVI. Mr. Benton's Review of the Era
of Democratic Ascendancy.
XXXVII. The Election of 1848.
XXXVIII. Franklin Pierce and the Democratic
Platform of 1852.
XXXIX. James Buchanan and his Platform.
XL. The Financial Convulsion of 1857 the
Direct Result of Democratic
Policy.
XLI. The Democratic Disintegration in
1860.
XLII. Secession and Rebellion.
XLIII. The Tariff of 1857.
XLIV. The South Pays her Penalty.
XLV. The First Republican Tariff.
XLVI. Democratic Tariff Platforms Since
the War.
XLVII. President Cleveland's Tariff Mes-
sages Analyzed.
XL VIII. The Democratic Tariff Plank of 1892.
XLIX. The Meaning of this Second Declara-
tion of Nullification.
L. The Su premacy of Law or the Supre-
macy of the Mob the Issue before
the American People.
, 2S OEIVTS
Sent pout paid to any address, on receipt of price.
POOR'S RAILROAD MANUAL CO.
68 William St., New York City.
Or, may be ordered through any bookseller.
POOR S MANUAL — SOUTHERN PACIFIC COMPANY.
641
The Southern Pacific Co. has advanced to the San Antonio and Aransas Pass Ry. Co., in ad-
dition to the $376,581.46 shown above, also $19,718.84 for retirement of equipment trust notes
and for other purposes, making the total advanced to said company $396,300.30, which has been
carried by the Southern Pacific Co. against its income for the year (see Sec. 9).
16. General Balance Sheet, Southern Pacific Company, June 30, 1902.
Capital Assets ($251,862,038.73) :
Stocks and bonds owned, deposited
against the issue of Capital Stock
of Southern Pacific Co. and under
mortgages of Southern Pacific Co.
4 p. c. and 4i p. c. bonds (Sec. 19) .$248,202,276 93
Steamships 3.659,76175
Current Assets ($14,541,898.37) :
Bonds and Stocks Owned (Sec. 24)... 1,908,249 29
Agents and Conductors 554,993 65
Loans and Bills Receivable 479,678 92
Cash 2,672,821 57
Construction Advances 1,269,88425
Individuals and Companies 565,960 48
Material, Fuel and other Supplies.. 5,280,96042
U. S. Government Transportation.. 1,809,34979
Deferred Assets ($10,778,406.41) :
Individuals and Companies 225,621 69
Lands 291,93185
Other Property 118,24793
Real Estate 2,965,20809
Stpamships and Tugs 2,262,72826
Rolling Stock 4,778,71467
Wood-preserving Plant 135,953 92
Proprietary Companies ($12,681,359.95) :
Cromwell Steamship Co. (including
Advances for Two New Steamers). 1.3J 0,729 74
Galv., H. & S. A. Ry. Co 3,412,417 86
Galveston, Houston & North. Ry. Co.. 279,450 71
Gulf, West. Texas & Pacific Ry. Co... 768,366 41
Houston, E. & W. Texas Ry. Co
Houston & Shreveport RR. Co
New York, Texas & Mexican' Ry. Co. 823,236 13
Oregon & California RR. Co 4,985,79006
Texas & New Orleans RR. Co 71,452 37
Pacific Mail SS. Co '1,029,91667
Contingent Assets ($2,422,112.71) :
Discount on Bonds 495,000 00
San Ant. & Aransas Pass Ry. Co 1,927,112 71
Capital Liabilities ($243,882,727.40) :
Capital Stock (see Sec. 13) $197,849,227 40
First mtge. 6 p. c. Steamship Bonds
Due Jan. 1, 1911 ??, 3,215,000 00
Four p. c. Gold Bonds (Central Pa-
cific Stock Collateral), Due Aug.,
1949 28,818,500 00
Two-5-yr. 4| p. c. Gold Bonds Due
Jan. 1, 1905 15,000,000 00
Current Liabilities ($12,545,603.53) :
Unpaid Dividends 9,382 19
Int. Coupons Due, but not Presented. 516,994 81
Interest Coupons Due July 1, 1901. . . 1,436,292 50
Int. Accrued to June 30, not Due 2,473,875 32
Loans and Bills Payable 1,034,58060
Traffic Balances 340,394 98
Vouchers and Payrolls 6,734,08313
Deferred Liabilities ($616,000) :
Taxes Estimated to June 30 216,000 00
Wells, Fargo & Co.'s Exp. Contract.. 400,000 00
Proprietary Companies ($21,141,122.09) :
Carson & Colorado Ry. Co 210,247 88
Central Pacific Ry. Co 5,063,60179
Direct Navigation Co 7,423 45
Galves., Harrisb. & S. Ant. Ry. Co
Houston, East & West Tex. Ry. Co. 143,105 48
Houston & Shreveport RR. Co 140,28128
Houston & Texas Central RR. Co.. 529,09101
Louisiana Western RR. Co 1,558,87370
Morgan's La. & Tex. RR. & SS. Co.. 4,941,044 02
Southern Pacific RR. Co 8,547,453 48
Contingent Liabilities ($3,924,054.03) :
Individuals and Companies 104,647 36
Marine Insurance Fund 973,693 09
Replacement Funds 3*J,916 00
Steamship Insurance Fund 1,243,77691
Unadjusted Accounts 1,562,020 67
Balance to Credit of Profit and Loss.. 10,176,309 12
Total Assets $292,285,81617
• Advances for account of two new steamers.
Total Liabilities $292,235,81617
17. Funded Debt, Southern Pacific Co. — The funded debt outstanding on June 30,
1902 — total, $46,033,500, as per general balance sheet — consisted of the three issues of bonds de-
scribed hereunder. The details of funded debt outstanding on or about Aug. 1, 1903, will be found
in the Ready Reference Bond List — see General Index :
92,215,OOO steamship 1st 6s of Jan. 1, 1911.
The original amount was $3.000,000, but there
have been retired $71,000 of bonds each year in
1892, 1893, 1894, 1896, 1898, 1900 and 1902, and $72,000
each year in 1895, 1897, 1899 and 1901.
f 28,818,500 collateral trust gold 4s of Aug. 1,
1949. Secured by mortgage covering the pre-
ferred stock issued and to be issued of the Cen-
tral Pacific Ry. Co. ; also tke $67,274,200 common
stock of the same company purchased by the
Southern Pacific Co. The authorized amount of
bonds is $36,819,000, of which bonds amounting to
$8,000,000 are reserved to be applied as follows :
(1) $3,000,000 face value, are reserved to be used
to provide additional funds, if required, for the
payment from time to time of any of the 3i
p. c. bonds given by the Central Pacific RR. Co.
to the U. S. Government, in the settlement of
its debt pursuant to the Settlement Agreement
of Feb. 1, 1899, or, when such notes have been
paid, to be applied at their market value to
provide for payment for, or the reimbursement
of, the cost of betterments and' additions to the
properties of the Central Pacific Ry. Co., covered
by the 1st refunding and 3J p. c. mortgages.
(2) $5,000,000 face value of such bonds are
reserved to be applied at their market value to
provide for payment for, or the reimbursement
of, the cost of betterments and additions to the
properties of the Central Pacific Ry. Co. The
amount of such additional $5,000,000 bonds, so to
be applied, is not, however, to exceed $200,000 per
annum from the date of the mortgage. When
and as any of such reserved bonds are issued by
the Southern Pacific Co., the like amounts at par
value of Central Pacific Ry. Co. preferred stock
are to be forthwith deposited with the trustee
under the mortgage, to be held as collateral se-
curity in the same manner as the preferred and
common stock now pledged thereunder. The
mortgage provides that the trustee (upon request
of the holders of one-fourth in amount of the
outstanding bonds) may sell the pledged stocks
covered thereby, in case of six months' default
in the payment of the principal or interest on the
4 p. c. bonds, and, upon the like default and
request. It is provided that the trustee shall
declare the principal of the bonds to be due, but
this declaration may be rescinded and annulled
at any time prior to the sale of the pledged
stocks by the holders of a majority in amount of
the outstanding bonds. The mortgage also pro-
vides that, while said 4 p. c. bonds remain out-
standing, neither the preferred nor the common
642
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
stock of the Central Pacific Ry. Co. shall be in-
creased beyond the amounts now authorized ;
viz., $20,000,000 preferred and $67,275,500 common,
unless arrangements have been made for de-
positing under said collateral trust mortgage
(simultaneously with the issue of such increase
of such stock) the same proportionate part of
such increase of each class of stock, as the stock
of such class theretofore covered by said mort-
gage was of the whole outstanding stock of such
class as the same existed before such increase ;
and also that the Central Pacific Ry. Co. shall
not be merged or consolidated with any other
railroad company without the consent of the
holders of a majority in amount of the 4 p. c.
gold bonds of the Southern Pacific Co. then out-
standing. The mortgage also provides that, while
the 4 p. c. bonds are outstanding, no new mort-
gages (other than the 1st refunding mortgage
and 31 p. c. uitge. of the Central Pacific Ry. Co.,
dated Aug. 1, 1899) are to be made of the proper-
ties covered by such refunding and 3i p. c.
mortgages except to refund the bonds secured
thereby, or either of such Issues.
fl5,OOO,OOO two-five-year 4J p. c. gold mtge.
bonds of Dec. 1, 1905, redeemable at par and
accrued interest on Dec. 1, 1902, or any interest
day thereafter. Secured by mortgage covering
stocks and bonds of an aggregate par value of
$68,191,000 deposited with the trustee (see
Sec. 18). The authorized issue is $30,000,000.
The remaining $15,000,000 may be issued, under
carefully guarded restrictions, against the deposit
of additional stock and bonds of companies con-
trolled by the Southern Pacific Co., or whose
properties connect with the Southern Pacific
System, or they may be issued against the mort-
gage or conveyance in trust as additional secur-
ity, under the mortgage of properties to be used
by or in connection with the properties of the
Southern Pacific Co. or its controlled companies
(see MANUAL for 1901, page 622). The mortgage
provides that in no event is the amount of ad-
ditional bonds issued thereunder to exceed 90
p. c. of the actual cost to the Southern Pacific
of the additional securities or properties mort-
gaged. It is also provided that any or all of the
securities or properties covered by the mort-
gage may be sold at any time, or from time to
time, the proceeds to be paid over to the trustee
and held as part of the trust fund. In case of
three months' default in the payment of prin-
cipal or interest of the bonds, the trustee upon
the request of the holders of one-fourth in
amount of the outstanding bonds may sm\ the
collateral and any properties that may be
pledged under the mortgage, and upon the like
default and request the trustee may declare the
principal of the bonds to be due ; but this decla-
ration may be rescinded and annulled at any
time prior to the sale of the securities or proper-
ties covered by the mortgage, by the holders of
a majority in amount of the outsanding bonds.
18. Statement of assets and liabilities of the Southern Pacific Co. for seven fiscal
years :
1896
(Dec. 31).
1897
(June 30).
1898
(June 30).
1899
(June 30).
1900
(June 30.)
1901
(June 30).
1902
(June 30).
Capital Assets:
Securities Owned ....
S
124,548,170
3,072,845
4,441,287
1,726,462
29,442
800,812
4,227,537
S
124,574,061
3,072,845
4,630,347
2,400,075
18,362
717,309
2,009,579
129,705
23,600
( 2,731 ,203
( 125.603
1,245,500
1,908,003
3,155,505
1,637,671
S
124,678,406
1,537,991
4,385,980
1,734,790
323,652
2,475,240
3,955,254
147,274
23,600
2,979,454
125,672
771,798
1,213,212
3,644,081
2,449,964
*
127,419,002
2,686,857
5,154,682
2,652,767
1,390,079
3,369,468
3,603,889
407,166
38,844
2,820,966
82,605
185,132
1,238.083
4,442,036
2,715,905
S
237,443,648
3,693,476
7,566,697
2,761,705
1,041,778
7,141,203
2,801,845
209,039
222,342
2,865,554
190,337
384,004
7,685,173
1,158,343
S
248,200,838
3,693,476
1,644,968
2,759,617
1,576,192
5,449,822
6,409,483
152,153
1,375,720
2,661,952
115,840
300,750
10,657,016
1,530,812
660,000
S
248,202,277
3,659,762
1,908,249
5,280,960
1,269,884
3,409,983
2,672,821
4,778,715
2,262,728
2,965,208
546,134
225,622
12,681,360
1,927,113
495,000
Current Assets.
Treasury Securities . .
Materials & Supplies .
Construe. Advances .
Bills and Accounts
Cash
Deferred Assets.
Rolling Stock
Steamers and Tugs . . .
Real Estate
23,600
[ 2,981,742
1,232,880
Other Property
Individuals&Cos. . . .
Contingent Assets.
Proprietary Cos
Leased & Aral. Cos. . .
Other Conting. Assets.
Total Assets
2,497,566
1,068,547
146,674,463
120,995,070
2,644,000
2,392,238
3,260,477
3,410,371
148,379,371
120,995,070
2,572,000
943,076
3,044,866
3,375,005
100,730
1,543,302
884,702
576,000
140,500
1,553,135
323,690
4,494,166
655,839
72.958
7,104,333
150,446,368
121,055,170
2,501,000
1,425,000
3,428,235
3,374,833
130,081
1,115,834
203,060
544,000
293,499
1,239,402
199,387
5,571,420
466,895
8,898,552
158,207,483
126,608,114
2,429,000
650,000
4,040,110
3,318,219
121,933
1,599,482
771,896
512,000
173,360
1,513,418
67,197
5,438,037
22,079
1,477,100
9,465,538
272,363,300
197,832,148
31,176,500
7,406.769
4,461,439
4,564,345
308,662
12,174
287,188,639
197,847,788
46,104,500
800,000
4,850,872
4,460,611
666,265
10,323
292,285,816
197,849,227
46,033,500
1,034,581
6,734.083
4,427,163
340,395
9,382
Capital Liabilities.
Capital Stock
Bonded Debt
Current Liabilities.
Loans & Bills Pay'ble
Vouch. & Pay Rolls . .
Int. Due & Accrued . .
Traffic Balances
All Other Items
Deferred Liabilities.
Central Pac. RR. Co .
W., F. & Co. Con ....
Other Items
983,955
576,000
331,327
1,464,477
376,845
2,856,889
464,000
305,728
1,887,093
275,194
11,879,268
432,666
285,822
1.791,581
275,813
17,183,978
400,000
216,000
2,217,470
39,916
21,141,122
Conting. Liabilities.
Insurance Funds ....
Renewal Funds
Proprietary Cos
Leased & Ami. Cos. . .
Other Items
599,626
6,783,188
1 ,740,039
10,049,941
1,543,742
10,935,343
1,666,668
10,176,309
Profit and Lots . ...
Total Liabilities . . .
146,674,463
148.379,371
150,446,368
158,207,483
272,363,300
287,188,638
292,285,816
POOR S MANUAL — SOUTHERN PACIFIC COMPANY.
643
19. Stocks and Bonds Owned by the Southern Pacific Co. deposited with trust com-
panies against issue of capital stock of Southern Pacific Co. also under mortgages of
Southern Pacific Co. 4 and 4% p. c. Bonds (total face value, $315,555,433; book value,
$248,202,276.98) :
Stocks deposited with Union Trust Co.
(under stamp prescribed bj/ New Yorl
change), acquired against the issue
Stock of the Southern Pacific Co.
Total
Issue.
$
Gal.,Har. & S. An. Ry. Co. . 27,084,372
I -oui<>. West . R H . Co 3,360,000
Morgan's La. & Tex.RR.A
SS Co .15 000,000
of N. Y.
: Stock Ex-
of Capital
Amount
Deposited
27,005,600
3,310,000
4,994,000
4,164,100
19,992,600
96,740,133
6,886,300
4,997,500
Stocks and Bonds deposited w
N. Y.. Trustee Southern
4 J p. c. gold mortgage.
STOCKS.
Austin & N. W. RR
Carson & Col. Ry
th Central Trust Co. of
Pacific Co., 2-5-yr.
Total Amount
Issue. Deposited.
S *
1,016,000 1,005,000
4,380,000 4,375,000
200,000 195,000
1,000,000 995,000
300,000 295,000
200,000 198,000
2,000,000 1,097,000
1,920,000 1,905,000
400,000 395,000
10,000,000 9,596,000
630,040 608,000
7,000,000 6,945,000
12,000,000 11,980,000
20,000,000 10,005,000
6,000,000 5,993,000
3,900,000
1,530,000
Cen. Tex. & N.W.Ry
Cromwell SS. Co
Ft. Worth &N.O. Ry
Gal., H. & No. Ry
Mex. International RR. Co . 18,708,200
So. Pac. RR. Co. (of Ariz.) . 19,995,000
So. Pac. RR. Co. (of Cal.). . 101,424,160
So. Pac. RR. Co.fof N.Mex.) 6,888,800
Tex. «fe New Orleans RR.Co. 5,000,000
Gila. Val., Globe & No. Ry. .
Hous., E. & W.Texas Ry. .
Hous & Shreve. RR.
Hous. & Texas Cent. RR . .
N. Y., Tex. & Mex. Ry
Ore & Cal RR Com
Total . J 97 460,532
168,090,233
of N. Y.,
gold mort-
$
67,274,200
12,000,000
Stocks deposited with Union Trust Co.
Trustee Southern Pacific Co., 4 p. c.
gage (Central Pacific Stock Collateral).
Central Pac. Ry. Co.-Com... 67,275,500
Central Pac. Ry. Co.-Pref... 12,000,000
(also $67,157,800 00 face
value of the capital
stock of the C. P.RR.
Co.)
Ore. «kCal. RR., Pref
Pac. Mail SS. Co
So. Pac. Coast Ry
So. Pac. RR. Co. (of Cal.). .
Wells, Fargo & Co.'s Exp. . .
Total Stocks
61,017,000
2,000,000
1,110,000
800,000
2,224,000
150,000
890,000
BONDS.
Carson & Col. Ry. 1st 4V . .
Gal., Har. & S. A. Ry. Co. 2d
M. & P. ex. 6's
Gal., Hou. & No. Ry. 1st 5's .
Gulf W T <fc P. Ry 1st 5's..
Hou & Shrev.RR. 1st 6's, . .
Texas & N. O. RR. Dallas
Div. 1st 4's
Total" Bonds
7,174,000
Total Stocks and Bonds .
Total.. .. 79.275,500
79.274.200
68,191,000
2O. Southern Pacific Company and Proprietary Companies. — Funded and other fixed
interest-bearing debt outstanding June 30, 1902 and 1901, and annual interest on debt
outstanding June 30, 1902:
NAME or
COMPANY.
AMOUNT OUTSTANDING.
Annual
Interest
June 30,
1902.
NAME OF
COMPANY.
AMOUNT OUTSTANDING.
Annual
Interest
June 30,
1901.
June 30,
1902.
June 30,
1901.
June 30,
1902.
June 30,
1901.
So. Pacific Co . .
Propr'ary Cos.
Cars. & Col. Ry.
Cent. Pac. Ry. . .
Direct Nav. Co .
G.,H.&S.A.Ry..
Ga.,Ho. &N.KV.
G.,W. T.&P.Ry.
H., E.AW.T.Ry.
Hous.&Shr.RR.
H.&T.C.RR
Iber.&Ver. RR..
Louis. West. RR.
$
46,033,500
2,000,000
117,398,510
100,000
25,528,000
816,214
2,224,000
2,716,000
150,000
17,346,000
322,000
2,240,000
%
46,104,500
2,000,000
118,153,458
100,000
25,528,000
829,176
2,224,000
. 2,728,000
150,000
17,933,000
322,000
2,240,000
$
1,960,040
80,000
4,216,938
5,000
1,026,260
40,000
111,200
135,528
9,000
8C2.630
16,100
134,400
Mor.La.&T.RR..
$
7,496,714
S
7,496,714
1,518,000
19,792.000
5,500,000
93,363,000
. 7,108,181
S
489,640
61,780
967,850
220,000
5,179,515
418,284
N.Y..T. & M.Ry.
OreK. & Cal.RR .
So. Pa.Coast.Ry.
So. Pacific RR . .
Tex.&N.O. RR.
Total Prop. Cos..
1,518,000
19,357,000
5,500,000
93,357,000
7,907,232
305,976,670
306,985,529
13,974,125
Grand Totals... .
SUMMARY:
Fix.In.bear.Db.
Income Bonds.. .
Notes to U.S.A. .
Totals
352,010,170
306,509,160
6,354,000
39,147,010
353,090,029
306,933,571
6,354,000
39,802,458
15,934,765
14,760,354
1,174,411
352,010,170
353,090,029
15,934,765
Annual interest on debt outstanding, June 30, 1902, as per foregoing table, $15,934,-
765; add annual interest on $350,000 face value 5 p.c. 1st mtge. bonds of the Texas
Transportation Co., due Aug. 1, 1923, $17,500 — total annual fixed interest charges, $15,-
952,265.
644
POOR S MANUAL OF RAILROADS — PACIFIC GROUP.
21. Bond* and Interest Guaranteed. — The Southern Pacific Co. guarantees bonds or In-
terest on bonds of other companies as follows :
Central Pacific Ry. Co. : $58,778,000 1st refund-
ing good 4s of Aug. 1, 1949; $18,834,500 gold HJs
of Aug. 1, 1929, and $99,000 old C. P. RR. 50-yr.
Es of April 1, 1939 — all guaranteed as to prin-
cipal and interest.
Houston and Texas Central RR. Co. : $5,960,-
000 1st 6s of July 1, 1937 ; $2,911,000 consol. 6s of
Oct. 1. 1912, and $4,287.000 gen. 4s of April 1,
1921, all guaranteed as to interest ; $57,000 de-
benture 6s of Oct. 1, 1902; $1,920,000 Austin &
Northwestern 1st 6s of Jan. 1, 1941, and $180,000
Central Texas & Northwestern 1st 6s of Oct.
1. 1911 — all guaranteed as to principal and in-
terest.
New York, Texas and Mexican Ry. Co. : $1,465,-
000 1st 4s of April 1, 1912, guaranteed as to
principal and interest.
Oregon and California RR. Co. : $19,357.000 1st
5s of July l, 1927, guaranteed as to principal
and interest.
South Pacific Coast Ry. Co. : $5,500,000 1st 4s
of July 1, 1937, guaranteed as to principal and
interest.
Southern Pacific RR. Co.: $3,633,000 Southern
Pacific Branch 1st 6s of April 1, 1937 ; $500,000
Stockton and Oopperopolis 1st 6s of Jan. I, 1906 ;
$27,043,000 1st consol. 6s of Nov. 1, 1937, $5,166,000
Northern Ry. 1st 6s of Jan. 1, 1907 ; $4,751,000
Northern Ry. 1st 6s of Oct. 1, 1938 ; $1,074,000
Northern California 1st 5s of June 1, 1929 ; $2,-
232,000 California Pacific 1st 4|s of Jan. 1. 1912 •
$1,595,000 California Pacific 2d 4Js of Jan. 1,
1911; $1,998,500 California Pacific Series "A"
3d 6s of July 1, 1905 ; $1,000,000 California Pa-
cific Series "B" 3d 3s of July 1, 1906 ; $10,000,000
Southern Pacific of Arizona 1st 6s of March 1,
1909-10, and $4,180,000 Southern Pacific of New
Mexico 1st 6s of Jan. 1, 1911 — all guaranteed as
to principal and interest.
Gila Valley, Globe and Northern Ry. Co. : $1,-
514,000 1st 6s of Nov. 1, 1924, guaranteed as to
principal and interest.
San Antonio and Aransas Pass Ry. Co.: $18,-
900,000 1st 4s of July 1, 1943, guaranteed as to
principal and interest.
22. Consolidated General Balance Sheet of Proprietary Companies, June 30, 1902.
Capital Liabilities ($609,712,242.33) :
Capital Stock $279,408,672 00
Preferred Stock 24,000,000 00
Funded and Other Fixed Int.-bear.
Debt 266.797.446 24
Equipment Trust Obligations 32,21402
3 p. c. Notes Favor U. S. of America. 39,147,010 07
Securities to be Issued for New
Lines, etc 300,000 00
Bonds Satisfied of Mortgage, but not
Presented 27,00000
Capital Assets ($661,002,975.08) :
Cost of Road and Franchises $634,559,51124
Expenditures for New Lines 4,386,309 75
Sinking Funds ( see Sec. 26) 15,152,708 22
Land Grant Accounts ( see Sec. 67 ) ... 5,632,734 63
Trust Funds (see Sec. 29 ) 1,228,911 24
Cash and U. S. Gov. Bonds De-
posited Against Bonds Satisfied
of Mortgage 42,80000
Current Assets ($7,306,646.74) :
Agents and Conductors 280,19137
Loans and Bills Receivable • 35,493 81
Cash 690,54812
Individuals and Companies 503,85278
Material, Fuel and Supplies 3,323,93298
Traffic Balances 112,96931
U. S. Government Transportation 147,912 51
Bonds Owned ( see Sec. 24) 2,221,745 86
Deferred Assets ($1,414,436.61) :
Land and Other Property
Stocks Owned (see Sec. 24)
Unadjusted Accounts
634,163 11
778,458 82
1,814 68
Proprietary Companies ($3,591,513.90) :
Due Central Pacific Ry. Co 9,023 51
Direct Navigation Co 152,99874
Ft. Worth & N. Orleans Ry. Co. 1,516,592 20
Galveston, H. & San A. Ry. Co. 356,269 56
Galveston, H. & North. Ry. Co. 189,988 35
Gulf, W. Texas & Pac. Ry. Co. 18,513 24
Houston & Shreveport RR. Co. 52,040 27
Houston & Tex. Cen. RR. Co... 22,290 11
Louisiana Western RR. Co 300,787 64
M.'s La. & Tex. RR. & SS. Co.. . 414,168 01
N. Y., Texas & Mexican Ry. Co. 3,310 00
So. Pac. Terminal Co
Texas & New Orleans RR. Co. . 555,542 37
Due from Southern Pacific Co 21,141,859 27
Contingent Assets ($457,870.75) :
Individuals and Companies
Unadjusted Accounts
312,62023
145,250 52
Profit and Loss (see Sec. 14) 11,459,746 44
Total Assets $706,376,048 79
Current Liabilities ($4,167,024.25) :
Individuals and Companies 61,93634
Traffic Balances 311,62776
Coupons Matured, but not Presented. 426,717 16
Coupons Due July 1 417,770 00
Int. Accrued to June 30, but not Due. 616,622 26
Loans and Bills Payable 102,397 63
Vouchers and Pay Rolls 2,202,94810
Unpaid Dividends 7,10600
Deferred Liabilities ($370,728.32) :
Individuals and Companies 84,46762
Unadjusted Accounts 16,264 78
Taxes Assessed, but not Due 204,458 48
Sinking Funds, Uninvested 60,64764
Proprietary Companies ($3,692,188.08) :
Due to Direct Navigation Co 147,328 01
Ft. Worth & N. Orl. Ry. Co... 505,324 23
Galveston, H. & S. A. Ry. Co. 63,920 76
Gulf, W. Tex. & Pac. Ry. Co.. 18,513 24
Houst., E. & W. Tex. Ry. Co. 1,169 71
Houst. & Tex. Cen. RR. Co... 47,059 59
Iberia & Vermilion RR. Co.. 17b,595 10
Louisiana Western RR. Co.. 606,961 60
M.'s, La. & Tex. RR. & SS. Co. 126,945 70
N. Y., Tex. & Mex. Ry. Co... 9,023 51
South. Pac. RR. Co. (of Cal.) 1,717 33
So. Pac. Terminal Co
Texas & New Orl. RR. Co... 1,987,639 31
Due to Southern Pacific Co 11,651,443 58
Contingent Liabilities ($6,713,818.99) :
Individuals and Companies 84,38518
Unadjusted Accounts 354,270.82
Principal of Deferred Payments on
Land Contracts 6,632,734 63
Replacement Funds 642,428 36
Profit and Loss (see Sec. 14) 70,167,603 24
Total Liabilities $706,376,04879
POOR'S MANUAL SOUTHERN PACIFIC COMPANY.
645
23. Changes in Funded and Other Fixed Interest-Bearing Debt, Southern Pacific
Company and Proprietary Companies, year ending June 30, 1902.
There were outstanding at the beginning of the year :
Bonds of the Southern Pacific Co. to the amount of $46,104,500 00
Funded debt of Proprietary Companies (including $6,354,000 income bonds) to
the amount of $267,125,894.94 ; equipment trust obligations (including $28,-
000 equipment trust notes of H. E. & W. T. Ry. Co. omitted in last year's
statement), $57,175.94; 3 p. c. notes of Central Pacific RR. Co. in favor of
the United States of America, $39,802,458.49 — total 306,985,529 37
Total Southern Pacific Company and Proprietary Companies $353,090,029 37
There were Issued during the year: Central Pacific Ry. Co. ($742,000 1st refund-
ing mtge. 4 p. c. and $366,500 3J p. c. mtge. bonds acquired, $257,000 old
Central Pacific RR. Co. bonds deposited, and the satisfaction and discharge of
the mortgages securing $614,000 old Central Pacific RR. Co. bonds still out-
standing), $1,108,500; Texas and New Orleans RR. Co., Dallas Division, 1st
mtge. 4 p. c. bonds, issued for construction of road, $985,000 — total 2,093,500 00
Total $355,183,529 37
And there were retired during the year : Southern Pacific Co. 6 p. c. steamship
bonds purchased and cancelled, $71,000 ; Central Pacific Ry. Co. bonds pur-
chased and cancelled ( 1st refunding mtge. 4 p. c. bonds, $24,000 ; 3 J p. c. mtge.
gold bonds, $927,000 ; old Central Pacific RR. Co. bonds deposited with trustees,
$257,000 ; paid on account of principal of note of Central Pacific RR. Co. in fa-
*or of the U. S. A., due Aug. 1, 1902, $655,448.42), $1,863,448.42; Galveston,
Houston and Northern Ry. Co. equipment trust notes paid off, $12,961.92 ;
Houston, East and West Texas Ry. Co. equipment trust notes paid off, $12,-
000 ; Houston and Texas Central RR. Co. bonds purchased and cancelled ( 1st
mtge. 5 p. c., $383,000; consol. mtge. 6 p. c., $204,000), $587,000; Oregon
and California RR. Co. 1st mtge. 5 p. c. bonds purchased and cancelled, $435,-
000 ; Southern Pacific RR. 1st mtge. 6 p. c. bonds of 1875 purchased and can-
celled, $5,000 ; Southern Pacific RR. consol. mtge. of 1888 charged off, the
mortgage having been satisfied and discharged, $1,000 ; Texas and New Or-
leans RR. Co. 1st mtge. Main Line 7 p. c. bonds purchased and cancelled,
$179,000 ; payment to the State of Texas for account of School Fund debt,
$6,948.70 — total 3,173,359 04
Total funded and fixed interest-bearing debt. Southern Pacific Co. and Proprietary
Companies, June 30, 1902 (including $6,354,000 income bonds) $352,010,170 33
24. Bonds and Stocks owned by the Southern Pacific Company and Proprietary Com-
panies on June 30, 1902, held in the treasury unpledged.
Southern Pacific Co.
Gal., Bar. 4 San Ant. Ry. Co
M.'sLa.4Tex.RR.*SS.Co
M.4P.4S.R.Vy.RR.Co
Ore. * Cal. RR. Co. 1st 5fB
Riverside 4 Arl. Ry. Co. 1st 4's. . .
So. Pac.RR.Co.(ofCal.)
So. Pac. Co. 4 p. c. Bonds (Cent.
Pac. stock collateral)
So. Pac. Terminal Co
Stocks in Oil Companies
Tex. 4 N. 0. RR. Co. 1st Te (M.L)
Miscellaneous Stocks
BONDS.
S
90,000 00
95,00000
STOCKS.
$
48,80000
10.000,000 00
510,000 00
133,839 00
13,000 00
37,000 00
999,700 00
527,094 40
5,236,168 10
Total owned by S, P. Co 235,00000
Charged on books 222,475 49 1,685,773 80
Central Pacific Ry. Co.
C. P. Ry. 1st refunding 4's 811,50000
C. P. Ry. 3fs 372,625 00
Coif ax 4 F.Hill Commercial Co
Ogden U. Ry. 4 Depot Co. 1st St. 163,000 00
OgdenU.Ry.A Depot Co 150,00000
8. P. Branch Ry. Co. Ist6's 25.00000
Capital stock in tranap. lines 160,000 00
Mincel. Stocks (book value) 3,617 50
Old C. P. RR. bonds not deposited 14,000 00
23,300 00
Total owned by C. P. Ry. Co.. 1.386.12500
Charged on books .......... 1,391,245 86
156,066 78
Houston <fe Texas Cent. RR. Co.
Ft. Worth Union Pass. Station.. . .
Charged on books
BONDS.
$
Morgan's L. & T. RR. & SS. Co.
Direct Navigation Co
Gulf, W. T. 4 Pac. Ry. Co
Hous. 4 Tex. C. RR. Co. gen. 4's.. . 570.000 00
Iberia 4 Vermilion RR. Co
Texas Transportation Co. 1st 5's.. . 350,000 00
SttinCit. Bank of N. Or., La
STOCKS.
$
25,000 00
33,058 63
50,70000
496,500 00
298,566 '66
' 66
Total owned by M. L. 4 T.RR.
4SS 920,00000
Charged on books 720,500 00
Southern Pac. RR. Co. (of Cal.)
Miscellaneous Stocks (book val. ). .
881.700 00
589,597 46
735 95
Total owned by Prop. Co 2,306,12500
Charged on books 2,111,745 86 778,458 82
Grand Total. . . . 2,541.125 00
Charged on books 2,334,221 35 2,464,232 62
646
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
Profit and Disburse-
'25. Southern Pacific Company and Proprietary Companie
ments for Capital Account to June 30, 1902.
Southern Pacific Company.
Receipts.
Bonds and Stocks Outstanding June 30, 1901 $243,952,288 40
Capital Stock Issued During the Year ending June 30, 1902 1,439 00
7,979,311 33
Lett: 6 p. c. Steamship Bonds Purchased and Cancelled
Cost of Securities and Property Acquired in Excess of Receipts from
Securities Issued
Total $251,862,038 73
Disbursement* .
Cost of Securities and Other Property, June 30, 1901 $251,894,313 95
$2,118 Stock of the Southern Pacific RR. Received in Exchange for
Stock of the Southern Pacific Co 1 ,439 00
$243,953,727 40
71,000 00— $243,882,727 40
Expenditures During Year for Account of Ocean Steamships "El Cid,"
"ElSud,""ElNorte,"and"ElRio"
Credit: Adjustment in Final Payment for Ocean Steamships "El Cid,"
"ElSud,""ElNorte"and"ElRio"
6,045 78— $251,901,798 73
39,760 00
Total $251,862,038 73
Proprietary Companies,
Receiptt.
Capital Stock and Funded Debt Outstanding June 30, 1901 $610,910,101 37
Capital Stock of So. Pac. Terminal Co. taken over during the Year 1,000,000 00
New Securities Issued During the Year.
Central Pacific Ry. (Against Old C. P. Bonds Deposited and Satisfied
of Mortgage):
First Refunding Mortgage 4 per cent. Bonds $742,000 00
3i per cent. Mortgage Bonds 366,500 00 — 1,108,500 00
Texas <fe New Orleans RR. :
Dallas Division First Mortgage 4 p. c. Bonds 985,000 00
Total $614,003,601 37
Lets: Bonds and Other Capital Liabilities Retired During the Year:
Central Pacific Ry. : 1st Refunding 4 p. c. Bonds Purchased and
Cancelled $24,000 00
3i p. c. Mortgage Bonds Purchased and Cancelled (difference between
face value and amount paid for bonds credited to cost of property) 927,000 00
Old C. P. Bonds Deposited with Trustees 257,000 00
Paid on Note of C. P. RR. Co. in Favor of U. S. A., due Aug.l , 1902 . . 655,448 42
Galveston, Houston & Northern Ry. : Equipment Trust Notes 12,961 92
Houston, East & West Texas Ry. : Equipment Trust Notes 12,000 00
Houston & Texas Central RR.: 1st Mtge. 5 p. c. Bonds. .$383,000 00
Consol. Mtge. 6 p. c. Bonds 204,000 00— 587,000 00
Oregon <t California RR. : 1st Mtg3 5 p. c. Bonds Pur-
chased by Trustee and Cancelled 435,000 00
Southern Pacific RR.: 1st Mtge 6 p. c. Bonds of 1875
Purchased and Cancelled 5,000 00
Consol. Mtge. 5 p. c. Bonds of 1888 Charged off, the Mort-
gage having been satisfied and discharged 1,000 00 — 6,000 00
Texas and New Orleans RR. :
1st Mtge. Main Line 7 p. c. Bonds Purchased & Cancelled. 179,000 00
Principal on State of Texas School Fund Debt Paid 6.948 70 — 185,948 70
Capital Stock of Austin & Northwestern, Central Texas A North-
western and Fort Worth <fe New Orleans Ry. Co., written off as said,
properties were sold to the Houston A Texas Central RR. Co.,
subject to the Current Assets and Liabilities and Existing Bonded
Indebtedness 1,516,000 00 — $4,618,359 04
8609,385,242 33
Cost of Properties in Excess of Receipts from Securities and Obligations
Issued 29,560,578 66
Total $638,945,820 99
POOR'S MANUAL SOUTHERN PACIFIC COMPANY.
647
Disbursement!.
Coat of Completed Roads Purchased and New Lines under Construction
to June30. 1901 $630,808.059 00
Expended for Property of the Southern Pacific Terminal Co . 1,074,953 87
Expended for New Lines and for Lines and Terminal Property
Previously Acquired :
Central Pacific Railway Surveys $25,273 18
Houston and Texas Central RR. : Exten. to Lampasas.. . $179, 140 46
Payment on Coast of Road, Bremond to Ross 4,984 17
Liabilities Assumed in the Purchase of the Austin &
Northwestern, Central Texas & Northwestern, and
Fort Worth & New Orleans Railway Cos., in Excess
of Assets Collected 329,930 71 — 514,055 34
Louisiana Western RR. : Extension, Gueydan to Abbe-
ville 267,351 45
Extension, Lacassine 21,388 51— 288,739 96
New York, Texas & Mexican Ry. : Extension from Van
Vleck southerly 107,733 21
Extension, Tres Palacios 64,013 51— 171,746 72
Cromwell Steamship Co. : Improvements, Pier 34, North River 76,785 96
Southern Pac. RR. : Final Payment for Purchase of Santa
Ana & Newport Ry $9,002 10
Bay Shore Line and Terminal Prop, at San Francisco.. . . 553,546 54
Surveys 4,737 34— 567,285 98
Texas <fe New Orleans RR. : Construction of Road Between Rock-
land and Cedar 808,246 35— 2,452,133 49
Expenditures for Betterments, Improvements and Equipment to Com-
pleted Lines:
For Ballasting $780,710 83
For Bridges, Viaducts and Culverts 341,652 37
For Engine Houses, Shops, Snowsheds, Station Buildings, Signals and
Interlocking Plants and Other Buildings 1,123,694 27
For Cattle Guards, Crossings, Fencing, Filling in, Timber Trestles,
of Way, Real Estate and Telegraph Line 54 ' ,404 62
For 147.78 Miles of Sidings and 12.23 Miles of Second Track 1,155,095 69
For Reconstruction,Change of Line and Revisions of Grades and Align. 2,818,391 38
For 8 Baggage, Mail and Express, 4 Passenger, 1 Business and 230
Freight Cars, 2 Tugs.and Shop Machinery Amount, to $133,298.82 516,445 34— 7,280.403 50
Total $641,615,549 86
Credit for Receipts from Property Sold, Miscellaneous Collections and
Adjustments:
Difference Between Cost Charged on Books of Austin & Northwestern,
Central Texas <fe Northwestern and Fort Worth <fe New Orleans
Ry. Cos., and Bonded Indebtedness of said Cos., Subject to
which they were Sold to the Houston <fe Texas Central RR. Co.:
Cost of Said Properties $4,929,071 49
Less Bonded Indebtedness 2,809,000 00
Central Pacific Ry. :
Difference Between Cost and Face Value of $24,000 1st
Refunding 4 p. c. Bonds, and $927,000 3$ p. c. Mtge.
Bonds Purchased and Cancelled $116,755 48
Value of Real Estate in Oakland, Cal., and Proportion
of the Cost of the Harrison Street Drawbridge, As-
sumed by the South Pacific Coast Ry 96,379 94
Proceeds from Sale of Old Rails and Fastenings 168,875 69
Miscellaneous Collections 442 07
$2,120,071 49
$382,453 18
Lets : Proceeds from Sale of Land 10,000 00 —
Galveston, Houston <fe Northern Ry. : Value of Old Material Recovered
Houston, East & West Texas Ry. : Proceeds from Sale of Old Rails . . .
Iberia & Vermilion RR. : Donations for Construction of Line
Morgan's Louisiana <fe Texas RR. A 88. Co.: Value 88.
"Hewes," wrecked $40,000 00
Sale of Old Material 375 00—
Southern Pacific RR. : Proceeds from Sale of Rock 7,890 14
Miscellaneous Collections 20 17 —
Texas <fe New Orleans RR.: Adjustment in Cost of Road, under Act
of March 22, 1899
$372,453 18
5,500 00
8,426 49
5,992 40
40,375 00
7,910 31
109,000 00— 2,669,728 87
Total.
$638,945,820 99
26. Sinking; Fund*. — The transactions for account of the sinking funds of the respective
Proprietary Companies have amounted to :
Income from Investments collected and accruing to June SO, 1902 $372,509 68
Income from annual requirements of Mortgages 440,000 00
Total $812,509 68
648
POOR 8 MANUAL OP RAILROADS PACIFIC GROUP.
Sinking Funds, Continued— Brought forward $812,509.68
Excess of proceeds of sales of securities held on deposit under the following mort-
gages above cost of same to Central Pacific Ry. Co. : C. P. Ry. Co.'s 3J p. c.
mtge., $5,478.45 ; C. P. RR. Co.'s Cal. & Ore. Div. bonds, series A and B mtge.,
$5,402.50; C. P. RR. Co.'s 50-yr. 5 p. c. of 1939 mtge., $22,410 — total 33,290 95
Excess of proceeds of sales of securities held on deposit under the following mort-
gages above cost of same to Southern Pacific RR. Co. : Southern Pacific RR.
Co. (of Cal.) 6 p. c. of 1875 mtge., $109,560.54; Northern Ry. Co. 6 p. c. mtge.,
$65,297.72 — total 174,858 26
Total applicable for redemption of bonds $1,020,658 89
Amount to the credit of the respective sinking funds at the beginning of the year. . . . 14,718,044 18
Total
.$15,738,703 07
Less: Paid for $492,000 C. P. Ry. Co.'s 31 p. c. mtge. bonds purchased and can-
celled, $430,670.85 ; paid for $24,000 C. P. Ry. Co.'s 1st refunding 4 p. c. bonds
cancelled, $24,924 ; C. P. RR. Co.'s 50-yr. 5 p. c. bonds of 1939 held as security
and applied as a reduction of the number of the outstanding bonds of that issue
at the time of the satisfaction of the mortgage, face value, $177,000 ; paid for
$5,000 Southern Pacific RR. Co. (of Cal.) 6 p. c. bonds of 1875 cancelled,
$5,000 ; interest accrued to June 30, 1901, on securities pledged for the re-
demption of C. P. Ry. Co.'s 3J p. c. mtge. bonds (to be applied primarily to the
payment of the current interest on said bonds), collected and paid over to Cen-
tral Pacific Ry. Co., $142,201.66— total 779,796 51
Balance, June 30, 1902, consisting of cost of bonds purchased for investment, cash
uninvested, and interest accrued to June 30, 1902, on bonds in sinking fund. . . .$14,958,906 56
The sinking fund transactions of each company and the securities held and cash on hand for
account of each fund are shown In the separate statements for the Central Pacific Ry. Co. and
Southern Pacific RR. Co.
27. Land Grant Accounts — Proprietary Companies.
PLEDGED FOR ACCOUNT OP THE Fov-
IX>WING BONDS.
Cent. Pac.
Ry.Co.
3i p. c.
Mtge. Bonds.
Ore. & Cal.
RR. Co.
1st Mtge.
5 p. c. Bonds.
S.P. RR. Co.
(of Cal.)
6 p. c. Bonds
of 1875.
Tex.A N.O.
RR. Co.
7 p. c. Main
Line Bds.
Total.
Balance June 30, 1901
$
805,259 65
$
1,328,944 41
$
2,097,432 04
$
271,290 37
$
4,502,926 47
Receipts During the Year.
Sales Made for all Cash
52,929 92
91,915 62
699,395 75
266 39
844,507 68
First Payment on Time Contracts
Prin. of Deferred Paym't on Time Sales
Interest Collected on Principal of De-
34,882 80
475,223 18
57,180 49
91,567 98
1,209,708 05
82,763 28
10,667 91
42,229 86
21,144 33
17,412 18
61,864 08
15,289 60
154,530 87
1,789,025 17
176,377 70
Timber and Stum page
6,978 00
511 70
170 25
39 96
7,699 91
Lease and Pasturage
20,948 00
34,289 14
55,237 14
Interests on Deposits
1,189 91
5,986 44
7,176 35
Cash Receipts from Other Sources
51,471 91
1,846 00
6,071 13
59,389 04
700,804 21
1,484,299 07
807,897 24
100,943 34
3,093,943 86
Total
1,506,063 86
2,813,243 48
2,905,329 28
372,233 71
7,596,870 33
Disbursements During the Year.
Cash Paid to Trustees
314,085 13
343,485 96
779,174 53
175,896 62
1,612,642 24
Income from Lands Applied to Interest
on 3i per cent. Mortgage
86,296 40
86,296 40
Land Contracts Surrendered
53,761 55
20,788 92
54,078 43
128,628 90
Land Con. canc'led under Ord. of Court
1,365 96
1,365 96
Receipts Ap. to Payment of Expenses .
100,742 81
34,459 39
135,202 20
Total Disbursements for the Year . . .
454,143 08
465,017 69
869,078 31
175,896 62
1,964,135 70
Balance June 30, 1902. (Principal de-
ferred Payments)
1,051,920 78
2,348,225 79
2,036,250 97
196,337 09
5,632,734 63
Number of Contracts Issued
230
387
120
21
758
Number of Acres Sold
111,040.84
177,989.61
171,360.48
19,555
479,945.93
Average Price Received per Acre
Number of Acres Returned with Con-
tracts Surrendered and. Correc-
tions in Surveys
$5 07
16,821.17
$7 85
5,206.25
$4 39
20,862.46
$4 07
35.00
85 81
42,924.88
Acres Remaining Unsold at close of Year
. 6,745,388
2,671,639
*4,866,396.04
491,650
14,908,288.04
* 453,280 acres in litigation.
POOR'S MANUAL SOUTHERN PACIFIC COMPANY.
649
28. Land Department.— The transactions of the Proprietary Companies during the year
In regard to proceeds from the sale of lands pledged for the redemption of bonds amounted to the
following : Number of acres of land sold, 479,946 ; cash receipts from sales, $999,038.55 ; amount
of sales made on time contracts, $1,789,025.17 ; total amount of sales for the year, $2,788,063.72 ;
average price received per acre, $5.81 ; land contracts outstanding June 30, 1902, $5,632,734.63 ;
face value of bonds purchased and cancelled by trustees from proceeds of the sales of land paid
over to them, $1,049,000.
In the suit which has been pending for a number of years between the United States and the
Southern Pacific RR. Co. (of Cal. ) for the recovery by the United States of lands embraced
in the conflict between the Southern Pacific and the Atlantic and Pacific RR. land grants, the
Southern Pacific RR. Co. lost title to about 1,986,395 acres of land included in former reports in
the statement of acreage in litigation. The title to about 453,280 acres of land is still unsettled.
There remained unsold at the close of the year 14,908,288 acres of land, including the 453,280
acres in litigation. This does not, however, include 2,446,843 acres of land formerly belonging
to the Houston and Texas Central RR. Co., the proceeds of which are under the Trust Indenture
executed by Frederick P. Olcott, the purchaser thereof at foreclosure sale, to be applied in the pur-
chase and cancellation of 1st and consol. mtge. bonds of the Houston and Texas Central RR. Co.
The land contracts outstanding June 30, 1902, for account of Olcott lands sold, amounted to $1,431,-
867.05.
The transactions of each company in respect to lands and the disposition made of their cash
receipts therefrom are shown in detail in Sections 27 and 29.
29. Trust Funds — Proprietary Companies.
PLEDGED FOR ACCOUNT OP THE FOL-
LOWING BONDS.
Cent. Pac.
Ry.Co.
3f p. c.
Mtge. Bonds.
Ore. & Cal.
RR.Co.
1st Mtge.
5 p.c. Bonds.
S. P. RR. Co.
(of Cal.)
6 p. c. Bonds
of 1875.
Tex.&N.O.
RR.Co.
7 p.c. Main
Line Bonds
Total.
Balance June 30, 1901
S
396,606 28
$
349,084 57
$
9,034,183 22
$
599,328 25
S
10,379,202 32
Receipts During the Year.
Cash from Sales Pard in Full
52,929 92
34,882 80
174,800 50
91,915 62
91,567 98
169,637 75
82,763 28
511 70
7,832 44
699,395 75
10,667 91
47,966 54
21,144 33
266 39
17,412 18
136,817 36
15,289 60
39 96
6,071 13
844,507 68
154,530 87
529,222 15
119,197 21
86,848 06
72,564 90
Cash from Sales Made on Def. Paym'ts..
Prin. of Deferred Payments Collected. .
Interest Col on Deferred Payments . . .
86,296 40
51,471 91
Cash Receipts from Other Sources
Total Receipts During the Year.. . .
Total
7,189 42
400,381 53
444,228 77
786,363 95
175,896 62
1,806,870 87
796,987 81
793,313 34
9,820,547 17
775,224 87
12,186,073 19
Applied to Paym't of Int. on Bonds . . .
Land Department Kxp. and Taxes ....
86,296 40
10,875 00
100,742 81
97,171 40
126.860 21
17,900 00
26,ii7 40
17,900 00
Total
86,296 40
111,617 81
44,017 40
241,931 61
710.691 41
681,695 53
9,820,547 17
731,207 47
11,944,141 58
Applied as Follows :
Face Val. of Bonds Pur. and Canceled . .
Cost of Bonds Purchased and Canceled .
812,000 00
643,000 00
8,655,500 00
705,000 00
'
10,815,500 00
702,498 44
8,192 97
633,075 00
29,463 63
19,156 90
8,655,500 00
1,165,047 17
705,000 00
26,207 47
10,696,073 44
1,228,911 24
19.156 90
Cash in Hands of Company
Total
710,691 41
681,695 53
9,820,547 17
731,207 47
11,944,141 58
3O. NON-PROPRIETARY LINES, OPERATED UNDER LEASE BY THE SOUTHERN PACIFIC Co.
NEW MEXICO AND ARIZONA RR N.
M. & A. Junction to Nogales, Mex., 88.10 in. ; total
track, 96.08 miles. Rail (steel, 92.14 m.), 50, 60 and
62 Ibs. Chartered Jan. 12, 1882, for 50 years (see
MANUAL for 1897, page 275) . Owned by The Atchi-
son, Topeka and Santa Fe Ry. Co. (see General
Index). Leased July 15, 1898, to the Southern
Pacific Co. until Sept. 1, 1979, at an annual rental
of $54,646.86 in U. S. gold coin. E. P. Ripley.
Pres., Chicago, 111. ; E. Wilder, Sec. & Treas., To-
peka, Kan. Office, Topeka, Kan.
SO NOR A RY — Nogales to Guaymas, Mex.,
262.60 m. ; total track, 280.19 miles. Rail (steel),
45 to 56 Ibs. Owned by The Atchison, Topeka and
Santa Fe Ry. Co. (see General Index). Leased
July 15, 1898, to the Southern Pacific Co. until
Sept. 1, 1979, at an annual rental of $163,486.14 in
U. S. gold coin. E. P. Ripley, Pres., Chicago, 111. ;
L. C. Deming, Sec., New York, N. Y. ; E. Wilder,
Treas, Topeka, Kan. Office, Topeka, Kan.
650
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
T. J. Coolidgej'Jr.. Boston, Mass.
Wm.D.Cornish...New York.N.Y.
George J. Gould.. "
E. H. Harriman Arden. N. Y
Edwin Hawley...New York, N.Y.
J. H. Schiff NewYorK, N.Y.
James Speyer.. .
James Stillman.
('ha . H. Tweed. "
H.E.Huntington. "
31. Board of Directors, Southern Pacific Co., elected April 9, 1902.
James H. Hyde..New York, N.Y.
Otto H. Kahn ... "
D. O. Mills
Winslow S. Pierce. "
One vacancy.
E. H. HARRIMAN, President New York, N. Y.
H. E. Huntington, V 'ice-President San Francisco, Cal.
, 2d Vice-President New York, N. Y.
John C. Stubbs, 3d V ice-President San Francisco, Cal.
J. Kruttschnitt, 4th Vice-Pres., G. Mgr. d Asst. to Pres. "
Secretary — Alex. Millar New York, N. Y. Treasurer — N. T. Smith San Francisco, Cal.
Asst. Secretary — G. T. Klink..San Francisco, Cal. Asst. Treas. — A.K.Van Deventer.New York, N. Y.
Dir. of Purch. — W.V. S. Thome. .New York, N. Y. Controller — William Mahl New York, N. Y.
( 4 Montgomery St., San Francisco, Cal.
GENERAL OFFICES -J 120 Broadway, New York, N. Y.
( Natchez and Magazine Sts., New Orleans, La.
SOUTHERN PACIFIC SYSTEM. — Proprietary lines operated under leases by
Southern Pacific Company.
CENTRAL PACIFIC RY.— Length of road (owned, 1,348.38 m.; leased, 10.64 m.),
1,359.02 m.; 2d track, 14.95 m.; sidings, 477.33 m.— total track (steel, 1,726.34 m.),
1,851.30 miles. Gauge, 4 ft. 8y2 in. Rail, 50 to 80 Ibs. Water lines — ferry, San Fran-
cisco to Oakland, 3.69 m. ; river line, San Francisco to Sacramento, 125 m. ; Marysville
Steamboat line, 190 m. — total, 348.69 miles. Following are the details of railroad mile-
ace, first track:
Miles.
Rosevllle, Cal., to Oregon Line. 296.58
Lathrop to Goshen, Cal 146.08
LEASED LINES (10.64 miles).
Union Pacific Ry. :
Ogden, Utah, west 1 5.00
Southern Pacific RR. :
Brighton to Sacramento, Cal 5.64
LINES OWNED (1,348.38 miles).
Miles.
Oakland Pier to East Oakland, Cal 4.84
Oakland Pier to Melrose, Cal 8.31
Mastick Station to Alameda Wharf, Cal 1.25
East Oakland to Feruside, Cal 1.98
Oakland to Niles, Cal 26.39
San Jose, Cal., to 5 m. W. of Ogden, Utah. 862.84
Ogden Union Station to U. C. Crossing.... 0.11
History, — Organized under the laws of Utah, July 29, 1899, and acquired title to all
the railroads and properties formerly owned by the Central Pacific RR. Co. (see MANUAL
for 1900, page 636). The property is leased to the Southern Pacific Co. for 90 years
from Jan. 1, 1894, the lessee to pay from the earnings thereof all expenses of operation,
fixed and other charges, including sinking funds, and $10,000 a year for organization
expenses, any surplus up to 6 p. c. on the capital stock to be paid over to this company,
but the lessee to retain one-half of any surplus in excess of 6 p. c. on the capital stock.
Rolling Stock, June 30, 1902. — Locomotives, 334. Cars — passenger, 176; dining,
8; chair, 5; baggage and passenger, 30; composite, 5; baggage, mail and express, 62;
postal, 28; freight (box, 4,582; flat, 1,918; fruit, 46; furniture, 44; gondola, 757; refrig-
erator, 19; stock, 198), 7,564; service, 528 — total, 8,406.
Floating Equipment, June 30, 1902. — Ferryboats, 5; car transfer steamers, 2;
river steamers, 5 ; tug, 1 ; barges, 4 ; dredges, 2.
General Income Account, year ending June 30, 1902.
EARNINGS. 1900-01 1901-02
Passenger $5,541,469 29 $6 231 412 67
EXPENSES. 1900-01 1901-02
Maint of Way etc $2 379 0*<6 57 $2,728,271 45
Freight 12,455,150 57 12,598 484 79
Maint of Equip 2,288,258 89 2,331,457 53
Mail * Express 1,043,029 82 1,087,582 35
Miscellaneous 288 639 77 273 631 81
Conducting Transp. . 6,428,692 23 7,080,669 40
General Expenses 577 168 62 419,248 15
Totals $19,328,289 45 $20,191,111 62
Totals $11,673,206 31 $12,559.640 53
Averages p. Mile 14,219 30 14,857 04
Averages p. Mile 8,587 66 9,241 70
Net earnings, 1901-02 (37.79 p. c.), $7,631,465.09; other receipts (trackage rental,
$10,000; income from investments, $46,469.90: income from securities and lands not
pledged for redemption of bonds, $588,281.83; income from securities owned by sinking
funds, $73,939.08; interest on open accounts, $282,278.99), $1,000,969.80— total, $8,632,-
434.89. Payments: Taxes, $413,363.67; trackage rental, $5,000; interest on funded debt,
$3,042,601.04; interest on 3 p. c. notes to U. S. of America, $1,180,104.48; land
department expenses, $44,635.10; taxes on granted lands, $83,808.23; miscellaneous
expenses, $16,948.80; sinking funds, $123,939.08; old accounts charged off and adjusted,
$6,314.94_total, $4,916,715.34. Surplus, $3,715,719.55.
POOR'S MANUAL — SOUTHERN PACIFIC SYSTEM.
651
Profit and LOSS Account, June 30, 1902. — Balance at credit June 30, 1901, $5,-
436,469.25; surplus income for year, $3,715.719.55; sinking fund contributions and income
from sinking fund investments, $123/939.08; proceeds from sale of lands pledged for re-
demption of bonds, $314,085.13; profits from sale of bonds and securities exchanged, $157,-
42095; adjustments in accounts, $10,000 — total, $9,757,633.96. Contra: Adjustments in
accounts, $10,000; balance at credit June 30, 1902, $9,747,633.96— total, $9,757,633.96.
General Balance Sheet, June 30, 1902.
Railroad and Franchises $190,362,026 71
Sinking Funds 9,454,78774
Land Grant Accounts 1,051,92078
Trust Funds 8,192 97
Deposited Against Unpres'd Bonds. . 41,200 00
Loans and Bills Receivable 2,17012
Bonds and Stocks Owned 1,546,312 64
Land and Other Property 89,77095
Individuals end Companies 3,993
Unadjusted Accounts
Due from Southern Pacific Co 5,063,601 79
Total Assets $207,624,077 30
Common Stock ($100 shares) $67,275,50000
Preferred Stock ($100 shares) 12,000,00000
Funded Debt Outstanding 78,251,50000
3 p. c. Notes in favor U. S. A 39,147,010 07
Matured Bonds Unpresented 26,00000
Current Liabilities : 28,022 30
Deferred Liabilities 87,229 60
Due Southern Pacific RR. Co 9,023 51
Unadjusted Accounts 23708
Deferred Land Payments 1,051,920 78
Profit and Loss 9,747,633 96
Total Liabilities $207,624,077 30
Capital Stock. — The total authorized amount of common stock ($67,275,500) is outstanding;
the authorized amount of preferred stock is $20,000,000. The preferred stock is entitled to cumu-
lative dividends of 4 p. c. per annum, in gold, and to its pro rata share in any dividends in excess
of 4 p. c. on the entire capital. It also has priority over common stock in the event of liquidation
or dissolution of the company. No additional mortgage can be put upon the property, nor can the
authorized amount of the preferred stock be increased without obtaining the consent of the holders
of 75 p. c. of the whole amount of preferred stock and a majority of the whole amount of common
stock at the time outstanding. The entire $12,000,000 of preferred stock and $67,274,200 of the
common stock are deposited as security for the collateral trust bonds of the Southern Pacific Co.
Funded Debt — The funded debt outstanding on June 30, 1902, consisted of $639,000 bonds
of Central Pacific RR. Co., not presented for exchange ($515,000 California and Oregon Div. 5s of
Jan. 1, 1918 ; $25,000 50-yr. 6s of Oct. 1, 1936, and $99,000 50-yr. 5s of April 1, 1939, the last being
guaranteed as to principal and interest by the Southern Pacific Co.), and the following issues of the
Central Pacific Ry. Co. (additional particulars will be found in the Ready Reference Bond List — see
General Index) :
$58,778,000 1st refunding gold 4s of Aug. 1,
1949, secured by mortgage on all the railroads,
terminals and equipment formerly owned by the
Central Pacific RR. Co., including 1,348.66 miles
of flist track and 405.61 miles 2d track and
sidings. Unconditionally guaranteed, both prin-
cipal and interest, by the Southern Pacific Co.,
by guaranty endorsed on each bond. The U. S.
Government holds $39,808,000 of these bonds ar.
collateral for the 3 p. c. notes of the company
(see remarks on those notes below). According
as these notes aie paid an equivalent amount
of the bonds will be returned to the company,
and under the provisions of the mortgage they
can then be reissued at the same or at a lower
rate of Interest. The total authorized issue is
$100,000,000. Bonds are reserved for the retire-
ment of the undeposited underlying bonds of the
Central Pacific RR. Co. Pending the satisfaction
of the underlying mortgages, tho outstanding old
bonds which have been exchanged are deposited
under the mortgage and kept alive as additional
security thereunder until not less than 95 p. c.
of all the bonds of the same issue at any time
outstanding or until not less than 95 p. c. of all
outstanding old bond? have been deposited under
the mortgage. Under the terms of the mortgage,
the refunding mtee. bonds issuable in exchange
for outstanding old bonds, are to be issued only
as such outstanding old bonds are actually de-
posited with the trustee.
f 18,834,BOO gold ,3Js of Aug. 1, 1929, secured
by mortgage on all the railroads and properties
covered by the 1st refunding mortgage, but sub-
ject in lien thereto, and by deposit with the
trustee (when released from the lien of the prior
mortgages) of all securities and moneys held
in any sinking fund created or existing by or
under any existing mortgage of the Central
Pacific RR. Co., or any of its constituent com-
panies. The bends are also secured by lien upon
all the lands covered by the mortgage securing
the land bonds of the Central Pacific RR. Co.,
dated Oct. 1, 1870 (except in so far as the same
shall be released from the lien of that mortgage,
in accordance with its provisions), and also upon
all notes given in payment for lands covered by
said mortgage secxiring said land bonds. All in-
come derived from said sinking fund securities,
or from said lands, is to be applied primarily to
the payment of the current interest on the 3J p. c.
gold bonds, and when, such current interest shall
have been paid or provided for, to the payment
of any fixed charges secured by lien prior to the
lien of said 31 p. c. mortgage upon the properties
of the company, or any of them (including in-
terest on the 3 p. c. notes in favor of the
United States) ; but the railway company, at its
discretion, so long as no default exists in respect
of the principal or interest of said 3J p. c. mtge.
gold bonds, may at any time and from time to
time sell such securities or lands (free from the
lien of the 3J p. c. mortgage), and apply the pro-
ceeds thereof, or of any other securities held on
deposit under such mortgage, and also collections
on account of principal of such securities or
notes, and any moneys held as security for such
3J p. c. mtge. gold bonds, while the same shall
be purchasable at not above par and accrued
interest, otherwise to the purchase and cancella-
tion, at the discretion of the railway company,
either of the 3J p. c. mtge. gold bonds, or of
the 1st refunding mtge. 4 p. c. gold bonds, or
of bonds secured by prior lien upon any of its
properties. The mortgage contains a provision
that no other new mortgage (except to refund
the 1st refunding mtge. 4 p. c. gold bonds or
the 3i p. c. mtge. gold bonds) is to be made
upon the properties covered by said mortgages,
respectively, so long as any of such bonds of
either class, or any of the 4 p. c. gold bonds of
the Southern Pacific Co., are outstanding, and
that no other new mortgage (except as afore-
said) is to be made by the company upon said
properties, except with the assent of the holders
of 75 p. c. of the preferred stock and a majority
of the common stock at the time outstanding.
The bonds are guaranteed, both principal and
interest, by the Southern Pacific Co.
652
POOR'S MANUAL OF RAILROADS PACIFIC GROUP.
IfoteH to United States Government. — These were issued by the Central Pacific RR. Co.
In settlement of its indebtedness to the United States. They are secured by deposit with the Gov-
ernment of $39.808,000 of 1st refunding mtge. bonds, and are also secured by a reserve of $3,000,000
collateral trust bonds of the Southern Pacific Co. The notes are for $2,940,635.78 each, due each
six months from Aug. 1, 1902, to Feb. 1, 1909, but subject to redemption at any time. They bear
interest at the rate of 3 p. c. per annum, payable on the 1st of Feb. and Aug. The note due Aug. 1,
1902, was paid at maturity, and the refunding bonds deposited as collateral thereto were returned
to the company and have been sold.
Sinking Funds. — Statement showing the condition of the company's sinking funds
on June 30, 1902:
Income
from
Investm'ts.
Cost of
Bonds held
as I nv'm'ts.
Cash
Unin-
vested.
Sinking Fund No. 6
$
121,354 43
1
$
t Co Trustee
8 850 00
Sinking Fund No. 10
2,282 28
Sinking Fund No. 11
5,261 95
Sinking Fund for Redemp. of Cent. Pac
c. Gold Bonds
Ry. 1st Refunding Mtge. 4 p.
806 00
Sinking Fund for Redempt. of Cent. Pac
. Ry. 3J p. c. Mtge. Gold Bonds
797 00
Securities and Cash Pledged for 3$ p. c. J
itge
9 258 214 66
1,169 08
Total
137,748 66
9,258,214 00
2,772 08
Securities Pledged for 3 1-2 p. c. Mortgage. — Austin and Northwestern RR. 5s, $300,-
000 ; Fort Worth and New Orleans Ry. 6s, $548,000 ; Galveston, Harrisburg and San Antonio Ry.
5s. $1,024,000; Guatemala Central RR. 6s, $1,788,000; Iberia and Vermilion RR. 5s, $322,000;
Oregon and California RR. 5s, $400,000 ; Southern Pacific RR. of New Mexico 6s, $1,135,000 ; San
Antonio and Aransas Pass Ry. 4s, $600,000 ; Morgan's Louisiana and Texas RR. and SS. Co. gen.
5s, $1,000,000 ; Southern Pacific Co. 6 p. c. steamship bonds, $2,215,000 — total, $9,332,000 ; cost.
$9,258,214.
Land Grant Account, year ending June 30, 1902. — Receipts: Cash sales, $52,929.92; first
payment on time contracts, $34,882.80 ; principal of deferred payment on time sales, $475,223.18 ;
interest on deferred payments, $57,180.49 ; timber and stumpage, $6,978 ; lease and pasturage,
$20,948; interest on deposits, $1,189.91; cash receipts from other sources, $51,471.91 — total,
$700,804.21. Disbursements: Cash paid to trustees, $314,085.13; income from lands applied to
interest on 3J p. c. mortgage, $86,296.40 ; land contracts surrendered, $53,761.55 — total, $454,-
143.08. Net receipts, $246,661.13 ; balance from June 30, 1901, $805,259.65 — total balance June
30, 1902, $1,051,920.78. During the year 230 contracts were issued, representing 111,040.84 acres
sold, the average price per acre being $5.07. Through contracts surrendered and corrections in
survey 16,821.17 acres were returned during the year ; and there remained unsold at the close of
the year 6,745,388 acres. (See remarks on 3J p. c. mtge. bonds of Aug. 1, 1929, under " Funded
Debt " above.)
Trust Fnnd, 3 1-2 p. c. Mtge. Bonds. — Receipts, year ending June 30, 1902 : Cash from
land sales paid in full, $52,929.92 ; from sales on deferred payments, $34,882.80 ; principal of de-
ferred payments, $174,800.50 ; income from lands, $86,296.40 ; cash received from other sources,
$51,471.91 — total, $400,381.53. Applied to payment of interest on bonds, $86,296.40. Balance,
$314,085.13 ; balance from June 30, 1901, $396,606.28 — total, $710,691.41. Of this amount $702,-
498.44 has been applied to purchase of $812,000 of the bonds for cancellation and $8,192.97 remains
in the hands of the trustee.
STOCKS AND BONDS OWNED JUNE 30, 1902.
Par Value. Stocks. Valuation.
123.300 Coif ax & Forrest Hill Com. Co. . $2,330 00
160,000 Ogden Union Ry. & Depot Co.... 69,119 28
160,000 Transportation Lines 80,00000
Miscellaneous 3,61750
Total $155.066 78
Bonds. Par Value.
C. P. Ry. 1st refunding 4s $811,500 00
C. P. Ry. 3| p. c. mtge 372,625 00
Ogden Union Ry. & Depot Co. 1st 5s 163,000 00
So. Pac. Branch Ry. Co. 1st 6s 25,000 00
Old undeposited bonds, C. P. RR 14,000 00
Total $1.386,125 00
Ledger Valuation 1,391,245x0
Directors (elected April 7, 1903).— E. H. Harriman, Arden, N. Y.; H. E. Hunting-
ton, New York, N. Y.; Thomas Marshall, D. B. Hempstead, J. C. Royle, D. R. Gray.
Salt Lake City, Utah ; W. H. Chevers, F. J. Kiesel, J. S. Noble, Ogden, Utah. OFFICERS :
E. H. HARRIMAN, Pres., Arden, N. Y.; Chas. H. Tweed, Vice-Pres., New York, N. Y.;
N. T. Smith, Treas., San Carlos, Cal.; J. L. Willcutt, Sec., San Francisco, Cal.; D. R.
Gray, Asst. Sec., Salt Lake City, Utah. GENERAL OFFICE, San Francisco, Cal.
OREGON AND CALIFORNIA RE.— Portland, Ore., to California Line, 366.61 m.;
Portland to Corvallis, Ore., 96.52 m. ; Woodburn to Natron, Ore., 92.96 m. ; Albany Junc-
tion to Lebanon, Ore., 11.50 m. ; Portland to Airlie, Ore., 79.27 m. ; Sheridan Junction to
Sheridan, Ore., 7.18 m. ; Mohawk Junction to Wendling, Ore., 15.95 m. — total, 669.99 m.;
total track (steel, 698.62 m.), 766.89 miles. Gauge, '4 ft. 8y2 in. Rail, 40 to 62 Ibs. The
company leases from the Northern Pacific Terminal Co., trackage rights through the
POOR S MANUAL SOUTHERN PACIFIC SYSTEM.
653
terminal grounds at Portland, Ore., 1.72 miles, making a total of 671.71 miles of road
operated.
History. — Chartered March 17, 1870, as successor of the Oregon Central RR. Co.
of Salem, which was organized April 22, 1867. The Oregonian and the Portland and
Yamhill RRs. were purchased July 31, 1893 (see MANUAL for 1893, page 1021). Leased
for 34 years from Aug. 1, 1893, to the Southern Pacific Co. "By the terms of this lease
the net earnings or income, after payment of all fixed charges, is to be applied by the
lessee company to the payment of interest on the bonded indebtedness of the lessor
company, which company shall be entitled to the residue of such net earnings up to 7 p. c.
on preferred and 6 p. c. on the common stock, any excess of such amounts to be retained
by the lessee. Should the excess of net earnings or income be insufficient to pay the
interest, as aforesaid, then and in such event it shall be optional with the lessee company
to make good the deficiency. Should it do so it may reimburse itself for such deficiencies
or advances out of subsequent earnings, with interest at 6 p. c. per annum, the secu-
rity therefor to be a lien on the property and income of the lessor company. The lessee
company guarantees the payment, principal and interest, of the bonds already issued, or
that may be issued thereafter, under a mortgage bearing date July 1, 1887, from the lessor
company to the Union Trust Company of New York."
Rolling Stock, June 30, 1902. — Locomotives, 45. Cars — passenger, 38; baggage
and passenger, 3; baggage, mail and express, 19; freight (box, 491; flat, 385; fruit, 2;
furniture, 8; stock, 20), 906; service, 101 — total, 1,067.
General Income Account, year ending June 30, 1902.
EARNINGS. 1900-01
Passenger $1,224,687 30
Freight 1,497,084 08
Mail and Express. . . 155,317 43
Miscellaneous 53,000 05
1901-02
$1,528,678 51
1,771,977 80
178,544 82
25,710 25
EXPENSES.
Maint. of Way, etc.. .
Maint. of Equip ....
Transportation ....
General Expenses . .
1900-01
$640,114 99
308,006 10
1,119,266 90
84,011 06
1901-02
$690,362 74
329,231 93
1,378,765 84
75,445 87
$3.504,911 38
Totals
$2,151,399 05
$2,473,806 38
5,217 89
Averages per Mile .
3,202 87
3,682 85
Totals $2,930,088 86
Averages per Mile . 4,362 13
Net earnings, 1901-02 (29.42 p. c.), $1,031,105; other receipts, $14,989.99— total,
$1,046,094.99. Payments: Taxes, $98,318.37; interest on funded debt, $977,475; other
interest, $181,137.24; land department expenses, $1,700.73; taxes on granted lands,
$1,162.56; miscellaneous expenses, $780.12 — total, $1,260,574.02. Deficit, $214,479.03;
deficit to June 30, 1901, $6,404,123.25; adjustments in accounts, $1,576; premium on bonds
purchased and cancelled, $10,875 — total, $6,631,053.28. Deduct proceeds from sale of
lands. pledged for redemption of bonds, $343,485.96. Balance, deficit June 30, 1902, $6,-
287,567.32.
General Balance Sheet, June 30, 1902. — Capital stock ($7,000,000 common, $12,-
000,000 preferred; $100 shares), $19,000,000; funded debt (1st gold 5s of July 1, 1927,
guaranteed as to principal and interest by the Southern Pacific Co.), $19,357,000; cur-
rent liabilities, $1,345.14; due Southern Pacific Co., $4,985,790.06; individuals and com-
panies, $26,731.79; unadjusted accounts, $66,217.96; deferred payments on land contracts,
$2,348,225.79— total, $45,785,310.74. Contra: Cost of road and franchises, $36,956,868.51 ;
land grant account, $2,348,225.79; trust fund, $29,463.63; current assets, $24,784.48; land
and other property, $110,192.81; individuals and companies, $28,208.20; profit and loss,
$6,287,567.32— total, $45,785,310.74.
Land Grant. — The company has a Congressional grant, estimated to be, under the various
charters, about 4,700,000 acres, of which there had been patented to the company up to June 30,
1902, 2,860,368.53 acres. Total sales for year ending June 30, 1902, were 177,989.61 acres, at an
average of $7.85 per acre. Acreage returned with cancelled contracts, 5,206.25. Remaining un-
sold, June 30, 1902, 2,671,639 acres.
Land Grant Account. — Receipts, year ending June 30, 1902 : Cash sales, $91,915.62 ;
first payment on time contracts, $91,567.98 ; principal of deferred payment on time sales, $1,209,-
708.05 ; interest on deferred payments, $82,763.28 ; timber and stumpage, $511.70 ; interest on
deposits, $5,986.44 ; cash receipts from other sources, $1,846 — total, $1,484,299.07. Disburse-
ments : Cash paid to trustees, $343,485.96 ; land contracts surrendered, $20,788.92 ; receipts applied
to payment of expenses, $100,742.81 — total, $465,017.69. Net receipts, $1,019,281.38 ; balance
from June 30, 1901, $1,328,944.41 — total balance June 30, 1902, $2,348,225.79.
Trust Fund, 1st Mtsre. 5 p. c. Honda. — Receipts, year ending June 30, 1902: Cash land
sales, $91,915.62 ; cash from sales made on deferred payments, $91,567.98 ; principal of deferred
payments collected, $169,637.75; interest on deferred payments, $82,763.28; income from lands,
$511.70; cash receipts from other sources, $7,832.44 — total, $444,228.77. Disbursements: Applied
to payment of interest on bonds, $10,875 ; land department expenses and taxes, $100,742.81 — total,
$111,617.81. Net receipts, $332,610.96; balance from June 30, 1901, $349,084.57 — total balance,
June 30, 1902, $681,695.53. Of this amount $633,075 has been applied to purchase of $643,000
1st mtge. bonds for cancellation, $29,463.63 is in the hands of the trustee and $19,156.90 represents
cash in the hands of the company.
Directors, (elected April 14, 1903). _E. H. Harriman, Arden, N. Y.; H. E. Hunting-
ton, New York, N. Y.; W. E. Coman, L. R. Fields, W. D. Fenton, George H. Andrews,
654
POOR S MANUAL OF RAILROADS — PACIFIC GROUP.
John McCracken, R. Koehler, \\ . \V. Bretherton, Portland, Ore.; N. T. Smith, J.
Kruttschnitt, San Francisco, Cal. OFFICERS: E. H. HARRIMAN, Pres., Ardcn, N. Y. ; J.
Kruttschnitt, Vice-Pres., San Francisco, Cal.; R. Koehler, 2d Vice-Pres., Portland, Ore.;
N. T. Smith, Treas., San Francisco, Cal.; F. G. Ewald, Asst. Trcas., Portland, Ore.;
A. K. Van Deventer, Asst. Treas., New York, N. Y. ; Geo. H. Andrews, Sec., Portland,
Ore. ; Alex. Millar, Asst. See., New York, N. Y. GENERAL OFFICE, Portland, Ore.
SOUTHERN PACIFIC RR.— Length of lines (owned, 3,260.31 m.; leased, 7.24
m.), 3,267.55 m.; 2d track (owned, 52.75 m.; leased, 3.52 m.), 56.27 m.; sidings, 846.17
m.—total track (steel, 3,614.23 m.), 4,169.99 miles. Gauge, 4 ft. 8y2 in. and (36.50 m.)
3 ft. Rail, 25 to 96 Ibs. Following are the details of lines operated:
Lines Owned (3,260.31 m.) : Miles.
San Francisco to Tres Pinos 100.49
Alcalde to Mojave 202.18
Mojave to Yuma 349.17
Mojave to Needles »242.51
East bank Colorado River, A. T., to east
bank of Rio Grande, N. M 560.35
Carnadero to Salinas City 35.10
Salinas City to San "Miguel 90.89
Los Angeles to San Pedro 24.65
San Miguel to Saugus 239.95
Stockton to Milton 25.82
Baden to South San Francisco 1.51
San Bruno to South San Francisco 2.16
Hillsdale to New Almaden 7.71
Pajaro to Santa Cruz 21.20
Aptos to Monte Vista 4.78
Castroville to Lake Majella 19.55
Avon to San Ramon 20.27
Near Martinez to Armona 193.27
Collis to Fresno 15.15
Peters to Merced 57.99
Berenda to Raymond 21.00
Fresno to Pollasky 24.11
Fresno to Famoso 102.28
Bakersfleld to Olig 50.01
Burbank to Chatsworth Park 21.62
Clement June, to Port Los Angeles 17.S7
Soldiers' Home Branch 2.97
San Pedro to Point Fermin 2.92
Florence to Santa Ana 28.26
Miraflores to Tustin 11.70
Studebaker to Whittier 5.91
Long Beach to Thenard 4.02
Shorb to Pasadena 4.83
Shorb to Duarte 13.71
Anaheim to Los Alamitos 10.08
Ontario to Chino 5.78
Declez to Declezville 2.55
Miles.
San Bernardino to Riverside 11.09
Redlands June, to Graf ton 7.19
Riverside Extension 1.47
Bassett to Pomona 17.40
Pomona June, to Chino 4.43
Montalvo to west end of Simi Tunnel 37.70
Salinas to Salinas Sugar Factory 2.82
San Buenaventura to Nordhoff 15.13
Goshen to Exeter 16.79
Anaheim Extension 1.70
Anaheim to Loara Junction 2.59
Surf to Lampoc 10.36
Guadalupe to Betteravia 3.62
Madera to end of track 3.91
Santa Ana to Newport Beach 11.71
Newport Beach to Smeltzer 10.76
Oil Junction to Oil City 6.38
Treadwell Junction, North 2.46
West Oakland to near Martinez 31.04
Benicia to Suisun 16.35
Woodland to Tehama 100.84
Shell Mound to Berryman 3.80
Willows to Fruto 16.84
Elmira to Rumsey 51.39
Napa Junction to Santa Rosa 36.95
Sacramento to Placerville 59.73
Gait to lone 27.21
Woodbridge to Valley Springs (n. g.)... 29.26
West Oakland to West Berkeley 4.16
16th Street, Oakland, to Shell Mound 1.55
Fair Oaks June, to Fair Oaks Bridge 2.14
Oroville to Knight's Landing 53.72
Vallejo to Sacramento . 60.39
Davis to Knight's Landing 18.64
Napa Junction to Calistoga 34.48
Leased: San Bernardino to Motor Jc.(n.g-) 7.24
Total mileage operated 3,267.66
Leased to The Atchison, Topeka and Santa Fe Ry. Co.
History.— Consolidation, March 10, 1902, of the Southern Pacific RR. Co. of Cali-
fornia, the Southern Pacific RR. Co. of Arizona and the Southern Pacific RR. Co. of
New Mexico (see MANUAL for 1902, page 606). Operated by the Southern Pacific Co.
under a lease, the terms of which have not been made public. The Southern Pacific Co.
owns more than 90 per cent, of this company's capital stock.
Rolling Stock, June 30, 1902. — Locomotives, 446. Cars— passenger, 293; dining,
11; chair, 6; composite, 4; baggage and passenger, 35; baggage, mail and express, 121;
postal, 8; freight (box, 6,602; flat, 2,669; stock, 748; fruit, 659; furniture, 151; gondola,
475; oil tank, 226; refrigerator, 21; pit, 2; tank, 493), 12,046; service, 1,002— total,
13,526.
General Income Account, year ending June 30, 1902.
EARNINGS.
Passenger
Freight
Mail and Express. .
Miscellaneous. . . .
1900-01
$6,917,899
17,501,307
809,372
393,543
70
30
79
01
58
19
1901-02
143,078
153,191
907,352
383,844
49
83
23
31
EXPENSES.
Maint. of Way, etc.. .
Maint. Equip
1900-01
$3,288,455 43
2.634,077 92
7,946,650 18
696,493 42
1901-02
$4,069,040 72
3,440.403 50
8.468.289 27
555,655 64
Transportation . . . .
General Expenses . .
Totals
$25,622,122
8,454
80
3G
$28,587,466
9,450
86
28
$14,565,676
4,806
95
14
$16,533,389
5,465
13
51
Averages per Mile.
Totals
Averages per Mile .
Net earnings, 1901-02 (42.16 p. c.), $12,054,077.73; other receipts (trackage rentals,
$223,133; income from securities and lands not pledged for redemption of bonds, $35,-
076.89; income from securities owned by sinking funds, $298,570.60; interest on open
accounts, $329,861.78; miscellaneous, $7,189.42), $893,831.69— total, $12,947,909.42.
POOR 8 MANUAL — SOUTHERN PACIFIC SYSTEM.
655
Payments: Taxes, $805,668.77; interest on funded debt, $5,179,602.49; land department
expenses, $31,242.19; taxes on granted lands, $37,599.99; miscellaneous expenses, $20,-
772.62; sinking funds, $688,570.60; surveys, $4,004.74 — total, $6,767,461.40. Surplus,
$6,180,448.02; deduct for adjustment under lease, $810,705.74; balance to profit and
loss account, $5,369,742.28.
Profit and LOSS Account, June 30, 1902.— Balance at credit June 30, 1901,
$32,294,407.33; balance of income for year, $5,369,742.28; sinking funds, $688,570.60;
proceeds from sale of lands pledged for redemption of bonds, $778,968.55; profit from
sale of bonds and securities exchanged, $174,858.26; miscellaneous collections, $7,643.37;
adjustments in accounts, $2,425 — total, $39,316,615.39. Debit: Miscellaneous expense,
$48,570.28; balance to credit of general account, June 30, 1902, $39,268,045.11 — total,
$39,316,615.39.
General Balance Sheet, June 30, 1902.
Cost of Road and Franchises $243,166,967 61
Expenditures for New Lines 2,600,01975
Sinking Funds 5,697,92048
Land Grant Accounts 2,036,250 97
Trust Funds 1,165,047 17
Dep. Ag't Bonds Satisfied of Mtge. . 1.600 00
Current Assets 53 50
Stocks Owned (Deferred Assets) 73595
Due from C. P. Ry. Co 9,023 51
Due from Southern Pacific Co 8,547,453 48
Total Assets $263,225.072 42
Capital Stock ($100 shares) $128,307,96000
Funded Debt Outstanding 93,357,000 00
Matured Bonds Unpresented.
Current Liabilities
Deferred Debts
Sinking Funds Uninvested.
Unadjusted Accounts
Deferred Land Payments.
1,000 00
23,924 67
6,307 50
63,775 46
160,808 71
2,036,250 97
Profit and Loss 39,268,045 11
Total Liabilities $263,225,072 42
Funded Debt. — The funded debt outstanding, June 30, 1902, consisted of the following
issues of bonds (additional particulars will be found in the Ready Reference Bond List — see Gen-
eral Index) :
93O,217,5OO 1st gold 6s of 1875, in six series —
"A" for $12,637,500, due April 1, 1905; "B" for
$4,525,000, due Oct. 1, 1905 ; "C," for $4,016,000, and
"D," for $3,915,000, both due Oct. 1. 1906 ; "E," for
$3,160,000, and "F," for $1,964,000, both due April
1, 1912. Bonds of all classes are equally secured
by mortgage on the land grant and on 1,044.99
miles of road, as follows : San Francisco to Tres
Pinos, 100.49 m. ; Huron to east bank of Colorado
River, near Yuma, 530.79 m. ; Los Angeles to San
Pedro, 24.65 m. ; Carnadero to San Miguel, 125.99
m. ; Mojave to Needles, 242.51 m. ; Huron to Al-
calde, 20.56 miles. There is a sinking fund of
$100,000 a year for the redemption of bonds at "or
under par, but if they cannot be got at that price
the fund is invested. The gross receipts from
land sales are also applied to the purchase of
bonds at the lowest price for which they can be
obtained.
f3,533,OOO Southern Pacific Branch Ry. 1st
gold 6s of April 1, 1937, secured by mortgage on
the property formerly of the Southern Pacific Ry.
Co. (see Manual for 1888, page 1105). There is a
sinking fund of $50,000 per annum, but bonds can-
not be drawn. Guaranteed, both principal and
interest, by the Southern Pacific Co.
$5OO,OOO Stockton and Copp-jropolis RR. 1st
gold 5s of Jan. 1, 1905, secured by mortgage on the
line from Stockton to Copperopolis, Gal., 32.65
miles, and branch from Peters to Milton, 11.99
miles. Guaranteed, both principal and interest,
by the Southern Pacific Co.
$1,OOO Southern Pacific RR. consol. 5s of Oct.
1, 1938, secured by a lien, subject to prior mort-
gages, on the entire property owned by the com-
pany at the time of executing the 1st consoli-
dated mortgage, except the Mojave Division. The
amount authorized was $38,000,000, and $32,932,000
of the bonds were issued, but all except $1,000
have been retired by issue of 1st consol. mtge.
bonds. Guaranteed, both principal and interest,
by the Southern Pacific Co.
$27,125,OOO Southern Pacific RR. 1st consol.
gold 5s of Nov. 1, 1937, secured on the entire prop-
erty of the company, except the Mojave Division,
but subject to prior liens, a sufficient amount of
the bonds being reserved for the satisfaction of
such prior liens. If payment is received under
the contract for sale of the Mojave Division to
The Atchison, Topeka and Santa Fe Ry. Co., the
amount so received is to be applied to purchase
of bonds under this mortgage ; but if The Atchi-
son, Topeka and Santa Fe Ry. defaults in its ob-
ligations under the contract and the contract of
sale thereby terminates, then this mortgage shall
also cover the Mojave Division. The total amount
of bonds is limited to $30,000,000, exclusive of the
bonds to be issued against underlying securities.
It is provided that no prior mortgages shall be
extended beyond their maturity, so that these
bonds will eventually become a first lien upon
the company's property. All prior lien bonds ex-
changed for these shall be held in trust ap col-
lateral security for this mortgage until all the
outstanding bonds issued under each of the prior
mortgages shall have been retired. By agree-
ment with the holders thereof a majority of the
bonds outstanding are stamped with a notice to
the effect that the coupons thereof, in addition
to being payable in United States gold coin in
New York, are also payable in Berlin and in
Frankfort-on-the-Main at the rate of M. 4.20 per
dollar, and that the Southern Pacific RR. Co. re-
serves the right to redeem the principal at 107i
p. c. and accrued interest on or after April 1,
1905, on four weeks' prior notice. In case the
company shall increase the aggregate amount of
its mortgage indebtedness by the execution of
any additional mortgage, except for newly ac-
quired property, the bonds made redeemable at
107J and accrued interest on and after April 1,
1905, shall be included among the bonds secured
by such additional mortgage, and shall be en-
titled to participate pro rata in the security giv-
en by the additional mortgage, but in determin-
ing the amount of mortgage indebtedness, any
mortgage indebtedness held as security for other
mortgage indebtedness shall not be counted (for
provisions of supplementary mortgages see Man-
ual for 1901, page 640). There is a sinking fund
of $20,000 a year until and including the year
1912, and of $120,000 a year thereafter, the fund to
be invested in good securities or used to redeem
the bonds by purchase at the lowest price for
which they can be obtained. The coupon bonds
of this issue, amounting to $27,093,000 on June 30,
1901, are guaranteed by the Southern Pacific Co.,
both as to principal and interest.
$3,15<S,000 Northern Ry. 1st 6s of Jan. 1, 1907,
secured on lines from West Oakland to Martinez,
Cal., 31.02 m. ; Woodland to Tehama, Cal., 100.85
m., and Benicia to Suisun, Cal., 16.34 m. — total,
656
POOR S MANUAL OF RAILROADS — PACIFIC GROUP.
148.21 miles. There Is a sinking fund of $40,000 a
year, commenced in 1886. Guaranteed, both prin-
cipal and Interest, by the Southern Pacific Co.
* 1.7.-, 1 .000 Northern Ry. 1st 5s of Oct. 1, 1938,
secured by second mortgage on the property cov-
ered by the Northern Ry. 1st 6s of Jan. 1, 1907,
and by first mortgage on the rest of the property
formerly of the Northern Ry. Co. (see Manual for
1898, page 773). There is a sinking fund of $20,000
a year, commenced in 1898. The authorized issue
was $21,000,000, but under the supplement to the
1st consolidated mortgage of the Southern Pa-
cific RR. Co. no further issue of these bonds can
be made. Guaranteed, both principal and inter-
est, by the Southern Pacific Co.
$1,O74,OOO Northern California Ry. 1st gold
6s of June 1, 1929, secured on the lines from Oro-
ville to Marysville and from Marysville to
Knight's Landing, a total of 53.72 miles. Guaran-
teed, both principal and interest, by the South-
ern Pacific Co.
$2,232,000 California Pacific RR. 1st gold 4Js
of Jan. 1, 1912, secured on the lines from Vallejo
to Sacramento, 60.39 m. ; Davis to Knight's Land-
ing, 18.64 m. ; and Napa Junction to Calistoga,
34.48 m. — total, 113.51 miles. There is a sinking
fund of $10,000 a year. Guaranteed, both princi-
pal and interest, by the Southern Pacific Co.
f 1,595,OOO California Pacific RR. 2d 4Js of
Jan. 1, 1911, secured by second mortgage on the
property formerly of the California Pacific RR.
Co. (see preceding paragraph). There is a sink-
ing fund of $5,000 a year. Guaranteed, both
principal and interest, by the Southern Pacific
Co.
$2,O08,5OO California Pacific RR. 3d mtge.
bonds of July 1, 1905, secured by third mortgage
on the property formerly of the California Pa-
cific RR. Co. (see description of C. P. RR. 1st
mtge. bonds above). The bonds are in two se-
ries— "A," for $1,998,500, bearing interest at the
rate of 6 p. c. per annum, and "B," for $1,000,000,
the rate of interest on which is 3 p. c. per annum.
Series "A" bonds for $1,500 are reserved for the
retirement of old California Pacific RR. bonds
and coupons outstanding. There is a sinking
fund of $10,000 per annum for retirement of se-
ries "B" bonds. Guaranteed, both principal and
interest, by the Southern Pacific Co.
$1O,OOO,OOO Southern Pacific RR. of Arizona
1st mtge. 6 p. c. ZO-yr, gold bonds, Series "A," $6,-
000,000, due March 1, 1909, and Series "B," $4,000,-
000, due March 1, 1910. Secured on the line from
east bank of Colorado River to Arizona-New
Mexico line, 392.9. There is a sinking fund of
$100,000 a year. Guaranteed as to principal and
interest by the Southern Pacific Co.
?4,18O,OOO Southtrn Pacific RR. of New Mex-
ico 1st gold 6s of Jan. 1, 1911, secured on the road
from Arizona-New Mexico line to east hank of
Rio Grande, 167.45 miles. There is a sinking
fund of $50,000 a year. Guaranteed as to prin-
cipal and interest by the Southern Pacific Co.
Bonds in Sinking Funds. — The following is a statement of the bonds held as
investments in the company's sinking funds:
Sinking Fund "A"
Cent. Tex. * N. W. Ry. 6's . .
Ft Worth A N. 0. Ry 6's
Par Value.
$
180000
161,000
Cost.
$
180,000 00
161.000 00
Gal., Har. A San Ant. Ry. 5's
So Pac Branch Rv 6's
261,000
202000
234,900 00
202,000 00
Texas A N. 0. Ry. Consol. 5's
Ore A Cal. RR. 5's
181,000
544,000
187 335 00
570,360 00
T. A N.O.RR. Dallas Div.4's.. .
San Ant. A A. PassRy. 4's
389,000
700,000
389.000 00
627,941 84
Totals
2.618,000
2,552,536 84
Sinking Fund "S."
Sierra Ry of Cal. 6's
50000
51,600 00
Ore A Cal RR 5's
70,000
73,500 00
T. A N. 0. RR. Dallas Div. 4's. ...
92,000
92.000 00
Totals
212,000
217 100 00
Sinking Fund "/>."
Gal., Har. A San Ant. Ry. 1st 5's .
Texas A N. 0. Ry. Consol. 5's
San Ant. A Ar. Pass Ry. 1st 4's
Ore A Cal RR 1st 5's
290,000
69,000
450,000
104000
271,250 00
71,415 00
407,746 93
109200 00
T. A N. 0. RR. Dallas Div. 4's ....
137,000
137.000 00
Totals. . .
1.050.000
996.611 93
Sinking Fund "E."
Texas A N. 0. RR. Consol. 5's. . .
Ore. A Cal. RR. 1st 5' s
T. A N. 0. RR. Dallas Div. 4's. . .
Totals
Sinking Fund "F.'1
Gal., Har. A San Ant. Ry. 1st 5's
Ore. ACal.RR. 1st 5's
T. A N.O.RR. Dallas Div. 4's...
Totals
Sinking Fund "G "
Ore. ACal.RR 1st 5's
T. A N.O.RR. Dallas Div. 4's...
Totals
Sinking Fund "H"
So. Pac. RR. of Ariz. 1st 6's
Ore. A Cal. RR. 1st 5' s
T. A N.O.RR. Dallas Div. 4's...
Totals
Sinking Fund "/"
Gal., Har. A San Ant. Ry. 1st 5's
Ore. A Cal. RR. 1st 5's
T. A N. 0 RR. Dallas Div. 4's . .
Totals. . .
Par Value.
$
19,000
28,000
36,000
145,000
17000
9.000
16.5,000
104.000
138000
Cost.
$
19,665 00
29,400 00
36,000 00
83,000 85.065 00
139.071 67
17,8.50 00
9.000 00
171,000 165.921 67
14,000
16,000
30,000 30,700 00
14.700 00
16,000 00
165.716 25
109,200 00
138.000 00
407,000 412.916 25
795,000 775,941 67
127,000 133.3.50 00
168,000 168,000 00
1,090,000 1,077,291 67
Land Grant Account. — Receipts, year ending June 30, 1902. — Land sales (sales for cash,
$699,395.75; first payment on time contracts, $10,667.91; principal of deferred payments, $42,-
229.86; interest on deferred payments, $21,144.33), $773,437.85; timber and stumpage, $170.25;
lease and pasturage, $34,289.14 — total, $807,897.24. Disbursements : Cash paid to trustee of 6
p. c. bonds of 1875, $779,174.53 ; land contracts surrendered, $54,078.43 ; land contracts cancelled,
$1,365.96 ; expenses of land department, $34,459.39 — total, $869,078.31. Deficit, $61,181.07 ; sur-
plus to June 30, 1901, $2,097,432.04 ; net surplus, representing principal of deferred payments,
$2,036,250.97. Sales during the year amounted to 171,360.48 acres, the average price per acre be-
ing $4.39. Acres unsold June 30, 1902, 4,866,396.04.
In a suit between the United States and the Southern Pacific RR. Co. (of California) for the
recovery by the United States of lands embraced in the conflict between the Southern Pacific and the
Atlantic and Pacific land grants, the Southern Pacific lost title to about 1,986,395 acres of land
heretofore included in the statement of acreage in litigation. The title to about 453,280 acres of
land (not Included in acreage unsold, as above) is still unsettled.
POOR S MANUAL SOUTHERN PACIFIC SYSTEM.
657
Sinking Funds, — Statement showing the condition of the company's sinking funds
on June 30, 1902:
Total Re-
ceipts to .June
30, 1902.
Bonds
Purchased
and
Cancelled.
Bonds
Purchased for
Investment.
Cash
Uninvested
June 30,
1902.
Southern Pac. RR. 6 p. c. of 1875 ("A")
$
3,043,404 32
266,203 45
84,203 81
1,196,390 29
85,718 43
166,141 19
31,145 75
413,647 93
1,078,085 64
$
502,000 00
48,875 00
20,235 00
191,911 99
$
2,552,536 84
217,100 00
S
Dr. 11,132 62
228 46
63,968 81
7,866 37
653 43
219 52
445 75
731 68
793 97
Southern Pac. Branch Ry. 6 p. c. ("B")
Southern Pac. RR. 5 p. c. of 1893 ("C")
Northern Railway 6 p. c. (" D ")
996,611 93
85,065 00
165,921 67
30,700 00
412,916 25
1,077,291 67
Northern Railway 5 p. c. ("E")
California Pac. RR. 1st, 2d and 3d Mtges. ("F") . . .
Northern California Ry. 5 p. c. ("G")
Southern Pac. RR. (of Ariz.) 6 p. c. ("H")
Southern Pac. RR. of New Mexico 6 p. o. ("I ")••••
Total
6,364,940 81
763,021 99
5,538,143 36
63,775 46
Trnst Fund, 6 p. c. Bonds of 1875 — Balance in fund June 30, 1901, $9,034,183.22 ;
receipts during year (land sales, $779,174.53; other sources, $7,189.42), $786,363.95 — total,
$9,820,547.17. Of this amount $8,655,500 has been applied to the purchase of bonds for cancella-
tion and $1,165,047.17 remains in the hands of the mortgage trustees.
Directors, S. P. RR. Co. (elected April 14, 1903).— E. H. Harriman, Arden, N. Y.;
Wm. Sproule, J. Kruttschnitt, N. T. Smith, Wm. F. Herrin, J. W. Hellman, Homer
S. King, Alvinza Hayward, James K. Wilson, J. L. Willcutt, San Francisco, Cal. ;
J. S. Slauson, Los Angeles, Cal. OFFICERS: E. H. HARRIMAN, Pres., Arden, N. Y.;
J. Kruttschnitt, 2d Vice-Pres.; N. T. Smith, Treas.; J. L. Willcut, Sec., San Francisco,
Cal.; A. K. Van Deventer, Asst. Treas.; Alex. Millar, Asst. Sec.; Wm. Mahl, Controller,
New York, N. Y. GENERAL OFFICE, 4 Montgomery Street, San Francisco, Cal.
SOUTH PACIFIC COAST RY.— Alameda to Santa Cruz, Cal., 77.6 m.;
Alameda Junction to 14th Street, Oakland, 1.9 m.; Newark to Centerville, Cal., 3 m. ;
Campbells to New Almaden, Cal., 9.6 m. ; Felton to Boulder Creek, Cal., 7.3 m. ; Big Tree
Junction to Old Felton, Cal., 1.7 m. — total, 101.1 m. ; 2d track, 8.52 m.; sidings, 43.29
miles. Gauge, 4 ft. 8% in. Bail (steel, 102.83 m.), 50 to 75 Ibs. The company operates
a ferry between San Francisco and Alameda, 3 miles.
History. — Consolidation, May 23, 1887, of the South Pacific Coast, the Santa Cruz
and Felton, the Bay and Coast, the Oakland Township, the San Francisco and Colorado
River, the Felton and Pescadero, and the Almaden Branch RR. Cos. (see MANUAL for
1888, page 951). The road is leased to the Southern Pacific Co. from July 1, 1887.
The lessee pays all expenses and charges, including cost of betterments and additions,
and receives all the income from the property.
Rolling Stock, June 30, 1902. — Locomotives, 21. Cars — passenger, 66; parlor, 2;
baggage and passenger, 6; baggage, mail and express, 9; freight (box, 233; flat, 392),
625; service, 17— .total, 725.
General Income Account, year ending June 30, 1902.
EARNINGS.
Passenger
1900-01
$552,027 54
1901-02
$585,182 07
EXPENSES.
Maint. of Way, etc.. .
1900-01
$185,735 45
1901-02
$192,398 50
Freight
297,065 26
283,918 39
Maint. of Equip. . . .
147,064 16
200,481 93
Mail and Express. . .
25,807 51
36,773 49
24,440 78
30,947 11
Transportation ....
General Expenses . .
483,612 74
30,520 06
521,416 94
21,965 89
Totals
$911,673 80
$924,488 35
Totals
$846,932 41
$936,263 26
Averages per Mile.
9,017 90
9,144 66
Averages per Mile.
8,377 51
9,261 13
Deficit from operation, 1901-02, $11,774.91; taxes, $28,260.05; interest on funded
debt, $220,000; other interest, $8,476.04; construction, improvement and real estate,
$167,185.14; new equipment, $64.97— total deficit, $435,761.11. This deficit has been
assumed by the lessee.
General Balance Sheet, June 30, 1902. — Capital stock, $6,000,000; funded debt
(1st gold 4s of July 1, 1937, guaranteed as to principal and interest by the Southern
Pacific Co.), $5,500.000 — total, representing cost of property, $11,500,000. The Southern
Pacific Co. owns $5,993,000 of the capital stock.
Directors (elected June 5, 1902).— E. H. Harriman, Arden, N. Y.; J. Kruttschnitt,
J. L. Willcutt, Wm. F. Herrin, San Francisco, Cal.; J. C. Stubbs, Chicago, 111.; H.
658 Poult's MANUAL OF RAILROADS — PACIFIC GROUP.
E. Huntington, New York, N. Y. ; N. T. Smith, San Francisco, Cal. OFFICERS: E. H.
HARRIMAN, Pres., Arden, N. Y. ; J. Kruttschnitt, Vicc-Prcs.; J. L. Willcutt, Mec.; N. T.
Smith, Treas., San Francisco, Cal. GENERAL OFFICE, San Francisco, Cal.
SOUTHERN PACIFIC SYSTEM Proprietary railroads and steamship lines
operated by their own organizations.
GAESON AND COLORADO RY.— Mound House, Nev., to Kceler, Cal., 293.62
in.; Junction to Candelaria, Nev., 6 m. — total, 299.62 miles; total track (steel; 35
Ibs), 320 miles. Gauge, 3 ft.
History. — Chartered Feb. 27, 1892, and on Aug. 2, 1892, purchased the property
of the Carson and Colorado RR. Co., Carson and Colorado RR. Co., 2d Division, and
the Carson and Colorado RR. Co., 3d Division (see MANUAL for 1893, page 99.) Con-
trolled by the Southern Pacific Co., through ownership of its stock and bonds, but
operated by its own organization.
Rolling Stock, June 30, 1902. — Locomotives, 8. Cars — passenger, 4; baggage, mail
and express, 3 ; freight ( box, 53 ; flat, 80 ; gondola, 8 ; tank, 6 ; refrigerator, 1 ; other,
1), 149; service cars, 10 — total cars, 166.
Income Account, year ending June 30, 1902. — Gross earnings — Passenger, $81,-
209.39; freight, $245,460.76; mail and express, $19,961.21; miscellaneous. $1,240.88—
total ($1,161.05 per mile), $347,872.24. Operating expenses — Maintenance way and
structures, $37,686.60; maintenance of equipment, $15,557.63; conducting transportation,
$68,871.01; general expenses, $424.15 — total ($408.98 per mile), $122,539.39. Net
earnings (64.77 p. c.), $225,332.85; other receipts, $5,781.88— total, $231,114.73. Pay-
ments: Interest on funded debt, $80,000; taxes, $16,803.87— total, $96,803.87. Surplus,
$134,310.86. Deficit forward, $6,648.23. Net surplus, $127,662.63.
General Balance Sheet, June 30, 1902.— Capital stock ($6,300,000 auth.; $100
shares), $4,380,000; funded debt (1st gold sinking fund 4s of July 1, 1941), $2,000,000;
current liabilities, $128,228.67; profit and loss, $127,662.63— total, $6,635,891.30.
Contra: Cost of road and equipment, $6,379,556.18; current assets, $45,567.05; due
from Southern Pacific. Co., $210,247.88; unadjusted accounts, etc., $520.19 — total, $6,-
635,891.30.
Directors (elected June 5, 1903) — E. H. Harriman, Arden, N. Y.; H. E. Hunting-
ton, New York, N. Y. ; R. J. Laws, Sacramento, Cal. ; N. T. Smith, J. Kruttschnitt, Wm.
F. Herrin, Wm. Hood, James Agler, J. L. Willcutt, San Francisco, Cal. OFFICERS:
E. H. HARRIMAN, Pres., Arden, N. Y. ; J. Kruttschnitt, Vice-Pres.; J. L. Willcutt, Sec.;
N. T. Smith, Treas., San Francisco, Cal. GENERAL OFFICE, San Francisco, Cal.
CROMWELL STEAMSHIP CO.— This company operates a line of four steamships
between New York and New Orleans. It is controlled by the Southern Pacific Co. through
ownership of its capital stock, but is operated as a separate organization.
Income Account, year ending June 30, 1902. — Gross earnings, $708,771.20. Operat-
ing expenses, $811,994.43. Loss from operations, $103,222.23; paid interest on unfunded
debt, $50,705.57; old accounts charged off, $20,525.59 — deficit for -year, $174,454.39.
Deficit forward, $441,559.96; add miscellaneous expenses, $12,499.72; adjustments in
accounts, $85,611.41— total, $539,671.09. Total deficit June 30, 1902, $714,125.48.
Balance Sheet, June 30, 1902.— Capital stock, $1,000,000; loans and bills payable,
$2,394.32; vouchers and pay rolls, $30,185.98; due to S. P. Co., ?1,310,729.74; contingent
liabilities, $37,326.61 — total, $2,380,636.65. Contra: Cost of property and franchises,
$1,568,823.67; materials, etc., $6,523.03; current accounts, $49,017.33; cash, $11,069.04;
unadjusted accounts, $30,478.10; profit and loss, $714,125.48— total, $2,380,636.65.
Directors (elected Dec. 16, 1902) E. H. Harriman, Arden, N. Y.; Wm. D. Cor-
nish, Maxwell Evarts, Edwin Hawley, W. V. S. Thome, New York, N. Y. OFFICERS:
WM. D. CORNISH, Pres.; W. V. S. Thome, Vice-Pres.; Joseph Hellen, See.; A. K. Van
Deventer, Treas., New York, N. Y. GENERAL OFFICE, New York, N. Y.
DIRECT NAVIGATION CO. (THE).— The charter of the Houston Direct
Navigation Co. having expired by limitation, the property was purchased by this com-
pany on June 1, 1896. Operates water lines between Houston and Galveston, Tex., 75
miles. Equipment consists of 3 tugs, 9 barges, 1 derrick boat, 1 pile driver and 1 pile
driver barge.
Income Account, June 30, 1902. — Gross transportation receipts, $156,643.82; other
income, $1,918.07— total, $158,561.89. Operating expenses, $157,828.18; taxes, $1,514.31;
POOR S MANUAL SOUTHERN PACIFIC SYSTEM.
659
interest on bonds, $5,000— total, $164,342.49. Deficit for year, $5,780.60; deficit forward,
$41,300.36— total, $47,080.96.
General Balance Sheet, June 30, 1902 — Capital stock, $50,700; funded debt (5
p. c. note, due Aug. 1, 1936), $100,000; current liabilities, $11,410.21; taxes assessed
not due, $1,100; due other companies in the system, $152,998.74; other liabilities, $7.15;
replacement fund, $47,231.85 — total, $363,447.95. Contra: Cost of road and franchises,
$150,648.46; cash, $4,402.69; current assets, $3,002.92; due from other companies, $147,-
328.01; due from Southern Pacific Co., $7,423.45; contingent assets, $3,200.96; un-
adjusted accounts, $360.50; profit and loss, $47,080.96 — total, $363,447.95.
Directors (elected July 1, 1902) W. B. Chew, C. H. Markham, W. G. Van Vleck,
R. S. Lovett, L. Meggett, C. B. Seger, B. C. Cushman, Houston, Tex. OFFICERS: C. H.
MARKHAM, Pres.; W. G. Van Vleck, Vice-Pres.; B. C. Cushman, Sec. & Treas., Houston,
Tex. ; A. K. Van Deventer, Asst. Sec. & Asst. Treas., New York, N. Y. GENERAL OFFICE,
Houston, Tex.
GALVESTON, HARRISBURG AND SAN ANTONIO RY. —Houston to east
bank Rio Grande, El Paso, Tex., 833.41 m.; Spofford to Eagle Pass, Tex., 35.05 m.; Har-
wood to Gonzales, Tex., 12.3 m. ; Smith's June, to La Grange. Tex., 28.5 m. ; Stella to
Harrisburg, Tex., 7.74 m total, 917 miles; total track (steel, 1,006.86 m.), 1,106.10
miles. Rail, 56 to 60 Ibs. Gauge, 4 ft. 8y2 in.
History. — Chartered as Buffalo, Bayou Brazos and Colorado Ry. Co. ; charter
amended in 1870 and present name adopted (see MANUAL for 1888, page 933). This
road is controlled by Southern Pacific Co. through ownership of capital stock, but is
operated by its OAvn organization.
Rolling Stock, June 30, 1902. — Locomotives, 158. Cars — passenger, 29; chair, 8;
baggage, etc., 28; business, 4; freight (box, 1,851; caboose, 93; flat, 871; gondola,
427; refrigerator, 39; stock, 186), 3,467; service, 295— total, 3,831.
Operations, year ending June 30, 1902. — Train mileage — passenger, 1,031,653 m.;
freight. 3,566,601 m. ; mixed, 30,978 m. — total, 4,629,232 miles. Passengers carried,
416,792; carried one mile, 62,567,541; average mile rate, 1.93 cents. Tons freight moved,
2,471,396; tons moved one mile, 1,003,183,721; average ton-mile rate, 0.55 cent.
EARNINGS.
Passenger
1900-01
$1,039,804 86
1901-02
$1,206,889 30
EXPENSES.
Maint. of Way, etc.. .
1900-01
$1,119, -529 14
1901-02
$1,183,948 75
5,348,169 72
5,521,006 18
Maint. of Equip. . . .
676000 62
846,994 86
Mail and Express. . .
Miscellaneous
213,139 60
97,178 58
210,744 37
209,184 61
Conducting Transp. .
General Expenses . .
3,469,660 82
140,495 29
3,654,599 03
141,997 48
Totals
$6 698 292 76
$7 147 824 46
Totals. . . .
$5,405,685 87
$5,827,540 12
Averages per Mile .
7,304 57
7,794 79
Averages per Mile .
5,894 97
6,358 28
Net earnings, 1901-02 (18.47 p. c.), $1,320,284.34; other income, $9.147.08— total,
$1,329,431.42. Payments: Taxes, $95,813.94; interest on bonds $1,026,260; interest on
open accounts, $162,777.25; miscellaneous charges, $1,839.78— total, $1,286,690.97. Sur-
plus $42.740.45. Deficit forward, $2,216,344.04. Net deficit June 30, 1902, $2,173,603.59.
General Balance Sheet, June 30, 1902.
Cost of Road and Franchises $54,263,455
Land and Other Property 132,465
Materials and Supplies 1,125,910
Agents and Conductors.
Individuals and Companies.
U. S. Gov. Transportation...
Cash and Current Assets
Miscellaneous Assets
Due from Other System Companies...
23
Profit and Loss 2,173,60359
22,672
143,261
61,712
84,471
37,912
4^5,324
Capital Stock ($100 shares) $27.084,37200
Funded Debt Outstanding 25,528,000 00
Interest Accrued to June 30. . . .~ 236,550 00
Vouchers and Pay Rolls 552,399 66
Traffic Balances, etc 84,913 73
Coupons Matured, but not Presented.. 6,465 00
Taxes Assessed, but not Due 47,00000
Due Gulf, West. Tex. & Pac. Ry. Co. . . 52,215 35
Due Texas and New Orleans RR. Co. . 1,464,376 85
Due Southern Pacific Co 3.412,41786
Contingent Liabilities 72,07921
Total Assets $58,540,78966 Total Liabilities $58,540,78966
Fnnded Debt outstanding on June 30, 1902, consisted of $4,756,000 Eastern Div. 1st gold
6s of Feb. 1, 1910 ; $1,000,000 Eastern Div. 2d gold 7s of June 1, 1905 : $13,418,000 Western Div.
(M. & P. Ext.) 1st gold 5s of May 1, 1931; and $6,354,000 Western Div. (M. & P. Ext.) income
gold 6s of July 1, 1931. The 1st mtge. Eastern Division bonds are secured on the main line east
of San Antonio, on the La Grange Branch, and on the old lands of the company. The 2d mtge. East-
ern Division bonds are also secured on the main line east of San Antonio and on the land grant.
The proceeds from the sale of the lands go to the trustees to bo used in the purchase of bonds.
The 1st mtge. bonds are further secured by a sinking fund of 1 p. c., which commenced in 1880, and
for which bonds are drawn annually. It i.s optional with the holders, however, whether they
surrender or retain their bonds. In case of their retention the interest continues, and the bonds
remain as If they never had been drawn. The 1st mtge. Mexican and Pacific Extension bonds are
secured on the line from San Antonio to El Paso, and also on the Eagle Pass Branch. The 2d mtge.
( Income) Western Division bonds are secured on the line from San Antonio to El Paso, subject to
660 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
the lien of the 1st mortgage, and are also secured on the lands due from the State for construc-
tion of the M. & P. Extension, by which the company became entitled to 110,750 sections of 640 acres
each, equal to 70,880,000 acres. Of these bonds, $355,000 are in the company's treasury. By an
agreement made in 1893 with the holders of these bonds the charge for interest accrued thereon
was waived, and interest now becomes due only If earned above all prior charges, and is non-cumu-
lative.
Directors (elected July 1, 1902) E. H. Harriman, Arden, N. Y.; C. H. Tweed, New
York, N. Y.; C. H. Markham, W. G. Van Vleck, C. B. Seger, W. B. Chew, R, S. Lovett,
Houston, Tex. OFFICERS: E. H. HARRIMAN, Pres,, Arden, N. Y. ; C. H. Markham, 1st
\'icc-Prcs.; \\. G. Van Vleck, 2d Vice-Pret>. d Gen. Mgr.; C. B. Seger, Sec. d- And.; II. C.
Cushman, Treas., Houston, Tex.; Alex. Millar, Asst. Sec.; A. K. Van Deventer, Asst.
Treas., New York, N. Y. GENERAL OFFICE, Houston, Tex. General Agent's Office, 120
Broadway, New York, N. Y.
GALVESTON, HOUSTON AND NORTHERN RY.-Magers to Galveston,
Tex., 53.45 m.; total track (steel; 60 Ibs.), 68.90 miles. Gauge, 4 ft. 8^ in.
History.— Chartered March 31, 1899, as successor to the Galveston, La Porte and
Houston Ry. Co.; took possession of the property on May 1, 1899. Controlled by the
Southern Pacific Co., through ownership of the stock and bonds, but operated by its
own organization.
Rolling Stock, June 30, 1902. — Locomotives, 5. Cars — passenger, 6; baggage and
passenger, 3; freight (box), 95; service, 3 — total, 107.
Operations, year ending June 30, 1902. — Train mileage — passenger, 101,423 m. ;
freight, 81,957 m. — total, 183,380 miles. Passengers carried, 132,892; carried one mile,
4,995,151; average mile rate, 1.654 cents. Tons freight moved, 482,295; tons moved one
mile, 24,960,490; average ton-mile rate, 1.27 cents.
Earnings — Passenger, $82,631.82; freight, $317,304.15; mail and express, $6,542.36;
miscellaneous, $1,962.96— total ($7,641.56 per mile), $408,441.29. Operating expenses-
Maintenance of way and structures, $90,177.08; maintenance of equipment, $29,897.79;
conducting transportation, $306,318.30; general expenses, $11,019.86 — total ($8,183.59
per mile), $437,413.03. Loss from operations, $28,971.74; add charges (taxes, $9,041.68;
interest on bonds, $40,000; other interest, $29,519.61; sundries, $1,468.03), $80,029.32 —
deficit for year, $109,001.06; deficit forward ($394,621.03, less adjustments, $17,252.32),
$377,368.71— total, $486,369.77.
Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $200,000; funded
debt (1st 5s of Jan. 1, 1930), $800,000; equipment trust obligations, $16,214.02; coupons
due July 1, $20,000; current liabilities, $143,105.77; taxes assessed not due, $3,200;
due S. P. Co., $279,450.71; due other companies in the system, $355,508.89; contingent-
liabilities, $2,064.19 — total, $1,819,543.58. Contra: Cost of road and franchises, $1,265,-
384.85; current assets, $34,170.14; materials, etc., $13,184.62: contingent assets, $20,-
434.20; profit and loss, $486,369.77— total, $1,819,543.58.
Directors (elected March 31, 1903).— E. H. Harriman, Arden, N. Y.; W. G. Van
Vleck, R. S. Lovett, T. W. House, J. F. Meyer, S. E. Allen, J. M. Dorrencc, C. H. Mark-
ham, C. B. Seger, Houston, Tex. OFFICERS: E. H. HARRIMAN, Pres., Arden, N. Y. ; W. G.
Van Vleck, Vice-Pres.; C. B. Seger, Sec. d Aud.; B. C. Cushman, Treas., Houston, Tex.;
A. K. Van Deventer, Asst. Sec. & Asst. Treas., New York, N. Y. GENERAL OFFICE,
Houston, Tex.
GULF, WESTERN TEXAS AND PACIFIC RY.-Port Lavaca to Cuero,
Tex., 55.14 m.; Victoria to Becville, Tex., 56.06 m total, 111.20 m.; total track, 127.73
miles. Gauge, 4 ft. 8y2 in. Rail (steel, 112.65 m.), 50 and 52 Ibs.
History. — Consolidation, Aug. 4, 1870, of the San Antonio and Mexican Gulf and
the Indianola RR. Cos. (see MANUAL for 1893, page 1012). Controlled by the Southern
Pacific Co. through ownership of capital stock, but road operated by its own officers.
Rolling Stock, June 30, 1902.— Locomotives, 5. Cars— freight (box, 123; flat, 116;
caboose, 2), 241; service, 6 — total, 247.
Operations, year ending June 30, 1902. — Train mileage — passenger, 30,838 m. ;
freight, 21,850 m.; mixed, 52,664 m. — total, 105,352 miles. Passengers carried, 85,743;
carried one mile, 2,804,351; average mile rate, 1.812 cents. Tons freight moved, 69,253;
tons moved one mile, 2,137,703; average ton-mile rate, 4.12 cents.
Earnings — Passenger, $51,959.38; freight, $87,992.56; mail and express, $10,274.56;
miscellaneous, $8,567.69 — total ($1,422.01 per mile), $158,794.19. Operating expenses —
Maintenance of way and structures, $57,023.76; maintenance of equipment. $22,333.14;
conducting transportation, $64,087.03; general expenses, $0,684.20 — total ($1,350.07 per
mile), $150,128.13. Net earnings (5.46 p. c.), $8,666.06; other income, $282.43— total,
$8,948.49. Charges: Interest on funded debt, $111,200; other interest, $38,097.86; taxes,
POOR S MANUAL SOUTHERN PACIFIC SYSTEM.
661
$9,009.65; land department expenses, $110.89— total, $158,418.40. Deficit for year, $149,-
469.91; deficit forward, $1,280,298.84— total, $1,429,768.75.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $500,000;
funded debt (1st 5s of Dec. 1, 1941), $2,224,000; interest accrued not due, $9,266.67;
taxes assessed, not due, $4,400; current liabilities, $7,585.46; due Southern Pacific Co.,
$768,366.41; due other companies of system, $189,988.35; contingent liabilities, $16,-
865.14 — total, $3,720,472.03. Cost of road and franchises, $2,175,773.81; land and other
property, $4,718.98; materials, etc., $15,060.45; current assets, $29,414.20; due from
other companies of system, $33,920.75; contingent assets, $1,815.09; profit and loss,
$1,429,768.75— total, $3,720.472.03.
Directors (elected Jan. 6, 1903).— W. G. Van Vleck, G. E. Cottingham, Houston, Tex.;
D. C. Proctor, Cuero, Tex.; D. T. Forbes, V. B. Proctor, F. C. Proctor, Victoria, Tex.
OFFICERS: W. G. VAN VLECK, Pres., Houston, Tex.; D. T. Forbes, Vice-Pres., W. J.
Craig, Treas.; B. M. Smith, Sec., Victoria, Tex.; A. K. Van Deventer, Asst. Sec. & Asst,
Treas., New York, N. Y. GENERAL OFFICE, Victoria, Tex.
HOUSTON, EAST AND WEST TEXAS RY.— Houston, Tex., to Logans-
port, La., 190.69 m.; total track (steel; 60 Ibs.), 220.56 miles. Gauge, 4 ft. 8% in-
History. — Reorganization in 1897 of a company of the same name (see MANUAL
for 1899, page 545). Controlled by the Southern Pacific Ry. Co., through ownership
of more than 99 p. c. of the capital stock, but operated as a separate organization.
Rolling Stock, June 30, 1902. — Locomotives, 18. Cars — passenger, 10; baggage,
etc., 3; business, 1; freight (box, 183; cabooose, 14; flat, 253; gondola, 32; refrigerator,
2), 484; service, 36 — total, 534.
Operations, year ending June 30, 1902. — Train mileage — passenger, 143,127 m. ;
freight, 227,559 m.; mixed, 139,428 m. — total. 510,114 miles. Passengers carried, 202,-
325; carried one mile, 7,166,090; average mile rate, 2.59 cents. Tons freight moved,
552,810; tons moved one mile, 52,164,237; average ton-mile rate, 1.26 cents.
EARNINGS.
1900-01
$150,917 00
1901-02
$185,956 96
EXPENSES.
Maint. of Way, etc.. .
1900-01
$195,979 43
1901-02
$190,018 54
Freight
640,080 47
658,967 30
Maint. of Emiip. . . .
68,510 39
125,437 60
Mail and Express. . .
34,269 33
21,846 26
34,251 35
22,244 58
Conducting Transp. .
General Expenses . .
298,507 95
38,634 77
355,064 97
42,239 8&
Totals
$847 113 06
$901 420 19
Totals
$601,632 54
$712,761 00
Averages per Mile .
4,442 36
4,727 15
Averages per Mile .
3,155 06
3,737 80
Net earnings, 1901-02 (20.93 p. c.), $188,659.19; other income, $3,423.79 — total,
$192,082.98. Payments: Interest on funded debt, $135,000; taxes, $24,878.06 — total,
$159,878.06. Surplus, $32,204.92; surplus forward, $239,326.01; sundry credits, $12,-
446 — total surplus, $283,976.93.
General Balance Sheet, June 30, 1902.
Cost of Road and Franchises $5,115,639 91
Expenditures for New Lines 52975
Land and Other Property 73750
Materials, etc 38,024 13
Current Assets 111,619 82
Due from Houston & Shreve. RR. Co.. . 18,513 24
Due from Southern Pacific Co 143,105 48
Total Assets $5.428,169 83
Capital Stock ($100 shares) $1,520,00000
Funded Debt 2,700,00000
Equipment Trust Obligations.
Securities Issuable for New Lines
Interest Accrued, not Due
Current Liabilities
Taxes Assessed, not Due
Contingent Liabilities
16,000 00
300,000 00
22,500 00
99,132 72
10,308 92
76,251 26
Profit and Loss 283,976 93
Total Liabilities $5,428,169 83
Funded Debt. June 30, 1902. — Funded debt consists of 1st gold 5s of May 1, 1933. The
original issue of these bonds was $3,840,000, of which $840,000 was surrendered to the trustee for
cancellation, in accordance with the plan of reorganization, outlined in the MANUAL for 1897, on
page 193. Of the $3,000,000 bonds authorized, $300,000 remain in the hands of the reorganiza-
tion committee for betterments and improvements, as provided in the plan of reorganization.
Directors (elected Jan. 30, 1903) James A. Blair, New York, N. Y.; C. H. Mark-
ham, J. N. Miller, J. A. Baker, Jr., Howard F. Smith, W. D. Cleveland, C. G. Pillot,
W. T. Carter, F. Reichardt, Houston, Tex. OFFICERS: C. H. MARKHAM, Pres.; 3. N.
Miller, Vice-Pres.; E. Dargan, Sec. & Treas., Houston, Tex.; Alex. Millar, Asst. Sec. &
Asst. Treas., New York, N. Y. GENERAL OFFICE, Houston, Tex.
HOUSTON AND SHREVEPORT RY.— Logansport to Shreveport, La., 39.05
m.; total track (steel), 42.79 miles. Gauge, 4 ft. 8y2 in.
History. — Reorganization, Dec., 1891, of the Shreveport and Houston Ry. Co. (see
MANUAL for 1900, page 481). Controlled by the Southern Pacific Co., through owner-
tit;-,'
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
ship of more than 98 p. c. of the capital stock, but operated as a separate organization.
The company owns no rolling stock.
Operations, year ending June 30, 1!)02 Train mileage — passenger, 29,845 m.;
freight, 39,684 in.; mixed, 28,187 m total, 97,716 miles. Passengers carried, 42,108;
carried one mile, 1,386,703; average mile rate, 2.63 cents. Tons freight moved, 247,971;
tons moved one mile, 9,914,567; average ton-mile rate, 1.79 cents.
Earnings. — Passenger, $36,500.66; freight, $177,840.09; mail and express, $7,191.96;
miscellaneous, $1,628.20 — total ($5,714.74 per mile), $223,160.91. Operating expenses —
Maintenance of way and structures, $32,805.83; maintenance of equipment, $22,276.59;
conducting transportation, $94,296.05; general expenses, $7,026.30 — total ($4,005.24 per
mile), $156,404.77. Net earnings (29.99 p. c.), $66,756.14; other receipts, $6,810.37 —
total, $73,566.51. Payments: Interest on bonds, $9,000; taxes, $4,757.15 — total, $13,-
757.15. Surplus, $59,809.36; surplus forward, $28,839.13; sundry credits, $5,559 — total
surplus, $94,207.49.
Balance Sheet, June 30, 1902.— Capital stock, $400,000; funded debt (1st 6s of
July 1, 1914), $150,000; current liabilities, $7,118.97; taxes assessed, but not due,
$2,699.25; due Houston, East and West Texas Ry. Co., $18,513.24; profit and loss,
$94,207.49— total, $672,538.95. Contra: Cost of road and franchises, $515,332.90; land
and other property, $512.50; current assets, $16,412.27; due from S. P. Co., $140,281.28
—total, $672,538.95.
Directors (elected Jan. 29, 1903).— S. B. Hicks, John B. Dennis, New York, N. Y.;
J. N. Miller, C. H. Markham, Herman Loeb, W. H. Wise, W. H. Taylor, Houston, Tex.
OFFICERS: C. H. MARKHAM, Pres.; J. N. Miller, Vice-Pres.; Houston, Tex.; A. K. Van
Deventer, Treas.; Alex. Millar, Sec., New York, N. Y. ; E. Dargan, Asst. Sec. & Asst.
Treas., Houston, Tex. GENERAL OFFICE, Shreveport, La.
HOUSTON AND TEXAS CENTRAL RR.— Length of road, 668.73 m.; sidings,
160.43 m.— total track (steel; 54 and 56 Ibs.), 829.16 miles. Gauge, 4 ft. 8y8 in. Fol-
lowing are the details of first track mileage:
LINES OWNED.
Miles.
Houston to Denison, Tex 337.98
Hempstead to Austin, Tex 115.00
Bremond to Ross, Tex 54.77
Austin to Llano, Tex 99.75
Fairland to Marble Falls, Tex 6.69
Miles.
Brought Forward 614.19
Garrett to Waxahatchie, Tex 12.57
Waxahatchle to Fort Worth, Tex 41.97
Total mileage June 30, 1902 668.73
History. — Organized Aug. 1, 1889, as successor to the Houston and Texas Central
Ry. Co., all of whose road, except the Waco and Northwestern Division, was sold under
foreclosure on Sept. 8, 1888. The Waco and Northwestern Division was sold under
foreclosure on Sept. 3, 1895, and was deeded to this company on June 30, 1898 (see
MANUAL for 1901, page 646). On Sept. 3, 1901, the company absorbed the Austin and
Northwestern RR. Co., the Central Texas and Northwestern Ry. Co. and the Fort
Worth and New Orleans Ry. Co. (see MANUAL for 1902, page 610). This company
is controlled by the Southern Pacific Co., through ownership of more than 95 p. c.
of the capital stock, but is operated as an independent organization.
Rolling Stock, June 30, 1902.— Locomotives, 106. Cars— passenger, 47; chair, 11;
business, 2; combination, 7; baggage, etc., 33; freight (box, 1,501; stock, 194; flat, 827;
refrigerator, 65; caboose, 50; gondola, 344; tank, 4), 2,985; service, 117 — total, 3,202.
Operations, year ending June 30, 1902. — Train mileage — passenger, 1,174,281 m.;
freight, 1,421,358 m.; mixed, 156,945 m. — total, 2,752,584 miles. Passengers carried,
1,173,473; carried one mile, 54,368,211; average mile rate, 2.304 cents. Tons freight
moved, 1,720,743; tons moved one mile, 322,400,805; average ton-mile rate, 1.12 cents.
EARNINGS.
Passenger
1900-01
$1,312,059 41
1901-02
$1,271,379 16
EXPENSES.
Maint. of Way, etc.. .
1900-01
$711,928 97
1901-02
$930,489 88
Freight
4,095.087 31
3,602,843 40
Maint. of Equip.
526 070 95
556,296 44
Mail and Express. . .
Miscellaneous
190,048 95
108,696 41
' 210,042 08
71,906 64
Conducting Transp. .
General Expenses . .
2,009,387 84
198,953 23
1,961,535 09
169,.r>58 64
Totals
$5,705,892 OS
$5,156,171 28
Totals
$3,446,340 99
$3,617,880 05
Averages per Mile .
8,532 43
7,710 39
Averages per Mile
5,153 57
5,410 08
Net earnings, 1901-02 (29.83 p. c.), $1,538,291.23; other income (track rentals,
$5,991.62; interest. $31,01.9.50), $37.011.12— total, $1,575,302.35. Payments: Interest on
funded debt, $882,196.67; rentals, $10,837.33; taxes, $109,246.30; old accounts charged
off, $794.40— total, $1,003,074.70. Surplus, $572,227.65; surplus forward, $4,859,124.75;
proceeds from sale of lands pledged for redemption of bonds, $587,000; sundry reoeipts,
$4,411.60— total, $6,022,764.
POOR'S MANUAL — SOUTHERN PACIFIC SYSTEM. 663
General Balance Sheet, June 30, 1902.
Cost of Road and Franchises $32,815,070 77
Expenditures for New Lines 179,140 46
Land and Other Property 58 375 74
Stocks Owned 33,058 63
Materials and Supplies 713,618 66
Cash on Hand 135,84937
Current Assets 283,03294
Other Assets 66,181 70
Due from Southern Pacific Co 529,37419
Total Assets $34,811,702 46
Capital Stock $10,000,000 oo
Funded Debt 17,346,000 00
Interest Accrued, not Due lub,292 60
Taxes Assessed, not Due 48,00000
Current Liabilities 1,023,177 39
Due Other Companies of System 43,475 12
Replacement Funds 209,410 40
Other Liabilities 13,58305
Profit and Loss 6,022,764 00
Total Liabilities $34,811,702 46
Funded Debt outstanding, June 30, 1902, consisted of $6,096,000, 1st gold 5s of July 1,
1937, including $136,000 called for redemption but not presented ; $2,992,000 consol. gold 6s of Oct.
1, 1912, including $81,000 called for redemption but not presented; $4,287,000 gen. gold 4s of April
1, 1921 ; $1,105,000 Waco and Northwestern Division 1st gold 6s of May 1, 1930 ; $57,000 debenture
5s of Oct.- 1, 1902 ; $1,920,000 Austin and Northwestern 1st gold 5s of Jan. 1, 1941 ; $180,000 Cent.
Texas and Northwestern 1st 6s of Oct. 1, 1911, and $709,000 Ft. Worth and New Orleans 1st 6s
of Dec. 31, 1925. The 1st mtge. bonds, the consols and the gen. mtge. bonds are secured in the order
named on the lines from Houston to Denison, 337.98 miles, and from Hempstead to Austin, 115 miles.
The gen. mtge. bonds are additionally secured by deposit of $1,149,000 consol. mtge. bonds. The
1st mtge. bonds, the consols and the gen. mtge. bonds are further secured by a trust indenture,
dated April 1, 1890, between F. P. Olcott, the Southern Pacific Co., and the mortgage trustee,
said indenture relating to certain lands described therein. The Waco and Northwestern Division
bomds (authorized, $25,000 per mile) are secured on the line from Bremond to Ross, 54.77 miles.
The A. & N. W. bonds are secured on the lines from Austin to Llano, 99.75 miles, and Fairland
to Marble Falls 6.69 miles. The C. T. & N. W. bonds are secured on the line from Garrett to
Waxahatchie, 12.57 miles. The F. W. & N. O. bonds are secured on the line from Waxahatchie to
Fort Worth, 41.97 miles. The 1st mtge. bonds and the consols may be called for redemption at
110 p. c. from proceeds of land sales. In addition to the $2,992,000 consols outstanding, $1,149,000
are deposited as collateral to the gen. mtge. bonds, but these do not draw interest and are not
subject to redemption from proceeds of land sales, unless there should be a default on the out-
standing bonds. The Southern Pacific Company guarantees the interest on the 1st mtge. bonds,
the consols and the gen. mtge. bonds, and guarantees principal and interest of the debentures, the
Austin and Northwestern and the Central Texas and Northwestern bonds. Additional particulars
respecting the funded debt will be found in the Ready Reference Bond List — see General Index.
Directors (elected April 14, 1903).— E. H. Harriman, New York, N. Y.; J. N. Miller,
C. H. Markham, R. S. Lovett, T. W. House, A. P. Root, John T. Browne, J. A. Baker,
W. B. Chew, Houston, Tex. OFFICERS: R. S. LOVETT, Pres.; C. H. Markham, Vice-
Pres.; W. H. Field, Sec. & Treas.; C. B. Seger, Auditor, Houston, Tex. GENERAL
OFFICES: Houston, Tex., and 120 Broadway, New York, N. Y.
IBERIA AND VERMILION RR.— Salt Mine June, to Abbeville, La., 18.13
m.; total track (steel,' 56 and 60 Ibs.), 18.99 miles. Gauge, 4 ft. Sy2 in.
History. — Chartered April 6, 1901. Connects at Junction with Morgan's Louisiana
and Texas RR. Operated by the Southern Pacific Co. for account of owners.
Income Account, year ending June 30, 1902 — Earnings (passenger, $19,-
271.65; freight, $46,162.78; mail and express, $4,005.04; other, $129.53), $69,569.
Operating expenses, $27,158.69. Net earnings, $42,410.31; other income, $936.89 — total,
$43,347.20. Payments: Interest on bonds, $16,100; taxes, $932.52 — total, $17,032.52.
Surplus, $26,314.68. Deficit forward, $12,563.76. Net surplus, $13,750.92.
Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $300.000; funded debt
(1st 5s of Aug. 1, 1943), $322,000; interest accrued, $6,708.34; profit and loss, $13,750.92
—total, $642,459.26. Contra: Cost of road and franchises, $594,299.67; cash, $1,100;
due from Morgan's Louisiana and Texas RR. & SS. Co., $47,059.59— total, $642,459.26.
Directors (elected June 1, 1903) — J. Kruttschnitt, San Francisco, Cal.; T. Fay,
John B. Richardson, W. F. Owen, New Orleans, La.; C. B. Ellis, New Iberia, La.
OFFICERS: J. KRUTTSCHNITT, Pres., San Francisco, Cal.; T. Fay, Vice-Pres.; John B.
Richardson, Treas., New Orleans, La.; C. B. Ellis, See., New Iberia, La. GENERAL
OFFICE, New Orleans, La.
LOUISIANA WESTERN RR.— Lafayette to Sabine River, La., 105.76 m.;
Midland to Abbeville, La., 34.78 m.; Midland to Eunice. La.. 23.73 m.— total, 164.27
miles; total track (steel, m.), 203.20 miles. Rail, 52 Ibs. Gauge, 4ft. 814 in.
History. — The route of this road originally formed the western extension of what
is now known as the New Orleans and Mobile RR. Some preliminary work had been
done in the way of grading, etc., when, in 1870, the property was sold under fore-
closure; this portion was purchased by Morgan's Louisiana and Texas RR. Co., which
subsequently transferred it to the Louisiana Western RR. Co. The construction of
the road was commenced in 1879, and the whole line put in operation in Aug., 1880.
This road was included in the "Omnibus Lease" to the Southern Pacific Co., but the
lease terminated on Dec. 31, 1901, and the road is now operated by its own organization.
604
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
Rolling Stock, June :W, 1!)02. — Locomotives, 24. Cars— passenger, 10; postal, 2;
baggage, etc., 9; freight (box, 715; stock, 21; flat, 876; caboose, 9; gondola, 97), 1,718;
service, 76— total, 1,815.
General Income Account, year ending June 30, 1902.
EARNINGS.
Passenger
Freight
Mail and Express. .
Miscellaneous. .
1900-01
$348,052 89
1,233,070 85
54,881 87
10,724 89
1901-02
$451,039 09
1,444,221 60
58,579 13
16,047 84
EXPENSES.
Maint. of Way, etc.. .
Maint. of Equip. . . .
Conducting Transp. .
General Expenses . .
$1 646,730 50
$1 969 887 66
Totals.
11 JOG 34
11 [991 77
Averages per Mile .
1900-01
$189,259 96
187,613 76
530,917 85
35,011 24
$942,802 81
6,702 23
1901-02
$250,2X6 96
204,332 39
586,268 85
44,145 65
$1.085,033 85
6,605 10
Averages per Mile .
Net earnings, 1901-02 (44.92 p. c.), $884,853.81; other income, $57,277.66— total,
$942,131.47. Payments: Interest on bonds, $134,400; taxes, $38,440.55— total, $172,-
840.55. Surplus, $769,290.92; add adjustment under leases, $42,891.41 — total surplus
for year, $812,182.33. Surplus forward, $2,425,720.10. Total surplus June 3*0, 1902,
$3,237,902.43.
General Balance Sheet, June 30, 1902.
Cost of Road and Franchises $6,870,522 25
Expenditures for New Lines 327,04722
Materials, etc 18,89470
Current Assets 62,766 37
Due from Other Companies of System.. 176,595 10
Due from Southern Pacific Co 1,559,10070
Contingent Assets 2,626 47
Total Assets $9,017,65281
Capital Stock ( $100 shares) $3,360,000 00
Funded Debt (1st 6s of July 1, 1921).. 2,240.000 00
Taxes Assessed, not Due 18,307 63
Current Liabilities 1;M>(S27 62
Due Other Companies of System 22,290 11
Other Liabilities 10.225 02
Profit and Loss 3,237,902 43
Total Liabilities $9,017.552 81
Directors (elected April 6, 1903) E. H. Harriman, Arden, N. Y.; Otto H. Kahn,
James Stillman, New York, N. Y. OFFICERS: E. H. HARRIMAN, Pres., Arden, N. Y. ;
W. V. S. Thome, Vice-Pres.; Alex. Millar, Sec., New York, N. Y.; John B. Richardson,
Treas.; Chas. E. Wermuth, Asst. Sec., New Orleans, La.; A. K. Van Deventer, Asst.
Treas., New York, N. Y. GENERAL OFFICE, New Orleans, La.
MORGAN'S LOUISIANA AND TEXAS RR. AND SS. CO.— Length of road
(owned, 300.17 m.; leased, 23.60 m.), 323.77 m.; second track, 35.87 m.; sidings, 159.86
m. — total track (steel, m.), 519.50 miles. Gauge, 4 ft. 8y2 in. Rail; 60 Ibs.
Water lines — ferry, New Orleans to Algiers, 1 m. ; river line — Morgan City to point
on Bayou Teche, 105 m. ; ocean lines — New Orleans to Havana, 700 m. ; Morgan City
to Brazos Santiago, 570 m. — total, 1,376 miles. Following are the details of railroad
mileage, first track:
LINES OWNED (300.17 miles).
Miles.
Algiers to Lafayette, La 144.63
Lafayette to Cheneyville, La 60.15
Alexandria Terminal 1.24
Cade to Arnaudville, La 29.74
New Iberia to Salt Mine, La 9.64
Baldwin to Cypremort, La 15.29
Schriever to Houma, La 14.60
Miles.
Brought Forward 275.29
Schriever to Napoleon ville, La 22.85
Raceland Branch 2.03
T. & P. Ry. : Cheneyville to Alexandria, La.. 23.60
Total operated June 30, 1902 323.77
History. — (See MANUAL for 1887, page 891). This road was included in the
"Omnibus Lease" to the Southern Pacific Co., but the lease terminated on Dec. 31, 1901,
and the property is now operated by its own organization.
Rolling Stock, June 30, 1902. — Locomotives, 51. Cars — passenger, 30; postal, 2;
business, 1; baggage, etc., 20; freight (box, 1,532; caboose, 30; flat, 714; fruit, 118;
gondola, 59; refrigerator, 56; stock, 109), 2,618; service, 181 — total cars, 2,852. Float-
ing equipment — steamships, 8 ; car transfer steamer, 1 ; river steamers, 4 ; tugs, 7 ; car
transfer barges, 2 ; barges, 8 ; derrick boats, 3 ; steam pile driver, 1 ; steamship stern
dock, 1 ; dredge boat, 1.
General Income Account, year ending June 30, 1902.
BR. Expenses —Maint. Way & Struct. . . $414,823 63
Maint. of Equipment... 495,03093
Conducting Transp'n . . . 1,884,120 85
General Expenses 91,924 13
RR, Karninif H — Passenger $897,863 25
Freight 3.943,711 13
Mail and Express 120,32172
Miscellaneous 109,99500
Total ($15,953.52 per mile) $5,166,891 10
Water Line Earnings 2,024,72894
Gross Earnings $7,191,62004
Total ( $8,913.43 per mile) $2.885,899 44
Water Line Expenses 1,510,285 40
Operating Expenses $(,396,18484
POOR S MANUAL SOUTHERN PACIFIC SYSTEM.
665
Net earnings (38.87 p. c.), $2,795,435.20; other income (rentals, trackage, $40,300;
interest on open accounts, $167,295.49; sundries, $4,451.52), $212,047.01 — total, $3,007,-
482.21. Payments: Interest on bonds, $489,640; taxes, $148,857.30; rentals, steamships,
$470,709.71; old accounts charged off, $9S9.30; adjustments under leases, $166,062.20—
total, $1,276,258.51. Surplus, $1,731,223.70; surplus forward ($4,264,539.43, less ad-
justments, $45,048.74), $4,219,490.69— total, $5,950,714.39.
General Balance Sheet, June 30, 1902.
Cost of Road and Franchises $21,800,290 94
Stocks Owned 589,597 46
Bonds Owned 820,500 00
Materials, etc 472,063 83
Due from Other Companies of System. 515,526 75
Due from Southern Pacific Co 4,941,27102
Current Assets 328,320 47
Contingent Assets 176,570 68
Total Assets $29,644,141 15
Capital Stock ( $100 shares) $15,000,000 00
Funded Debt (see below) 7,496,71392
Interest Accrued, not Due 87,500 00
Taxes Assessed, not Due 36,342 68
Due Other Companies of System 300,787 54
Replacement Funds 192,52599
Current Liabilities 533,85799
Contingent Liabilities 45,698 64
Profit and Loss 5,950,714 39
Total Liabilities $29,644,141 15
Funded Debt outstanding, June 30, 1902, consisted of $5,000,000 M. L. & T. RR. 1st 7s of
April 1, 1918; $1,494,000 Alex. Ext. 1st gold 6s of July 1, 1920; $1,000,000 gen. 5s of July 1,
1913, and $2,713.92 N. O., O. & G. W. RR. 8s of April 1, 1889. The N. O., O. & G. W. RR. bonds are
secured on the road from New Orleans to Morgan City, 80 m. ; the 1st mtge. M., L. & T. bonds on the
same lines, and also on the Houma, Lafourche and Thibodeaux branches ; and the 1st mtge.
Alexandria Extension Bonds on the line from Morgan City to Cheneyville, 125.5 m., and also on
the Salt Mine, St. Martlnsvllle and Cypremort branches. Additional particulars respecting the
funded debt are in the Ready Reference Bond List — see General Index.
Directors (elected April 6, 1903) — E. H. Harriman, Arden, N. Y.; Hugh McCloskey,
J. B. Richardson, Thornwell Fay, C. Trumpy, New Orleans, La. OFFICERS: E. HI
HARRIMAN, Pres., Arden, N. Y. ; Thornwell Fay, Vice-Pres.; J. B. Richardson, Sec. &
Treas., New Orleans, La.; Alex. Millar, Asst. Sec.; A. K. Van Deventer, Asst. Treas.,
New York, N. Y. GENERAL OFFICE, New Orleans, La.
NEW YORK, TEXAS AND MEXICAN RY.— Rosenberg to Victoria, Tex.,
91 m.; Wharton to Van Vleck, Tex., 31.41 m.— total, 122.41 m.; total track (steel,
135.28 m.), 135.76 miles. . Gauge, 4 ft. 8J/2 in. Rail, 50 Ibs.
History. — Chartered Nov. 17, 1880; road opened from Rosenberg to Victoria, 91
m., on Jan. 15, 1882; from Wharton to Van Vleck, 31.41 m., in Sept., 1900. An exten-
sion from Van Vleck to Hawkinsville, about 18 miles, was opened in Feb., 1903. Con-
trolled by the Southern Pacific Co. through ownership of more than 96 p. c. of the
capital stock, but operated as an independent organization.
Rolling Stock, June 30, 1902. — Locomotives, 6. Cars — passenger, 4; baggage, etc.,
2; freight (box, 149; cabooose, 2; flat, 117; stock, 118), 386; service, 9— total, 401.
Operations, year ending June 30, 1902. — Train, mileage — passenger, 72,503 m. ;
freight, 83,005 m. ; mixed, 20,064 m. — total, 175,572 miles. Passengers carried, 83,276;
carried one mile, 3,048,690 ; average mile rate, 2.426 cents. Tons freight moved, 207,858 ;
tons moved one mile, 11,491,257; average ton-mile rate, 2.434 cents.
Earnings. — Passenger, $73,964.68; freight, $279,661.37; mail and express, $17,354.07;
miscellaneous, $12,380.07 — total ($3,131.77 per mile), $383,360.19. Operating expenses
— Maintenance of way and structures, $69,509.96; maintenance of equipment, $37,378.44;
conducting transportation, $116,729.86; general expenses, $10,885.97 — total ($1,915.73
per mile), $234,504.23. Net earnings (38.83 p. c.), $148,855.96; miscellaneous receipts,
$310.91— total, $149,166.87. Payments: Interest on funded debt, $61,780; on open
accounts, $48,517.22; taxes, $11,241.69; land department expenses, $15.55 — total, $121,-
554.46. Surplus, $27,612.41. Deficit forward, $348,842.98. Net deficit, June 30, 1902,
$321,230.57. ,
General Balance Sheet, June 30, 1902.
Cost of Road and Franchises $2,477,14424
Expenditures for New Lines 511,90696
Materials, etc 28,444 48
Due from Other Companies of System. 126.945 70
Current Assets 44,81881
Contingent Assets 3,555 27
Profit and Loss 321,230 57
Total Assets $3,514,046 03
Capital Stock ($100 shares) $630,04000
Funded Debt 1,518,000 00
Interest Accrued, not Due 15,445 00
Taxes Assessed, not Due 5,100 00
Current Liabilities 98,45136
Due Other Companies of System 414,158 01
Due Southern Pacific Co 823,236 13
Contingent Liabilities 9,61553
Total Liabilities $3,514,046 03
Funded Debt, June 30, 1902, consisted of ($8,000,000 or £1,600,000 auth.) 1st mtge. 30-yr.
gold bonds, due April 1, 1912, $1,518,000 outstanding, of which $53,000 are 6 p. c. bonds, and
$1,465,000 4 p. c. bonds. The 4s are guaranteed, principal and interest, by the Southern Pacific Co. ;
the 6s are not so guaranteed. A sufficient number of the 4s are reserved for the retirement of the
666
POOR 8 MANUAL OF RAILROADS — PACIFIC GROUP.
Sahine River to Houston. Tex 112.16
Sabine Pass to Rockland, Tex 103.11
Rockland to North of Nacogdoches, Tex.. 50.41
Dallas to Jacksonville, Tex 115.59
6 p. c. bonds. The bonds are secured by a first lien on the road and rolling stock, and also on
the land in Texas, which the company has been unable to obtain, the State having withdrawn its
land from location.
Directors (elected Jan. 26, 1903). — G. R. Cottingham, W. G. Van Vleck, Houston,
Tex.; D. C. Proctor, Cuero, Tex.; V. B. Proctor, F. C. Proctor, B. M. Smith, D.
T. Forbes, Victoria, Tex. OFFICERS: \V. G. VAN VLECK, Pres., Houston, Tex.; D. T.
Forbes, Vioe-Pres.; W. J. Craig, Treas.; B. M. Smith, Sec., Victoria, Tex.; A. K. Van
Deventer, Asst. Sec. d Asst. Treas., New York, N. Y. GENERAL OFFICE, Victoria, Tex.
TEXAS AND NEW ORLEANS EE.— Length of road (owned, 394.90 m.;
jointly with I. & G. N. Ry., 0.43 m.), 395.33 m. ; 2d track, 3.89 m.; sidings, 117.82 m.—
total track (steel, 475.28 m.), 517.04 miles. Gauge, 4 ft. 8y2 in. Rail, 50 and 60 Ihs.
Following are the details of mileage, first track :
LINES OWNED (394.9 miles). Miles. | LINES OWNED (394.9 miles). Miles.
Houston to Clinton, Tex 8.12
Bonita June, to Mahl, Tex 5.51
Owned Jointly with Internat'l & Gt. North'n.
At Jacksonville, Tex 0.43
History. — Reorganization in 1874 of the old Texas and New Orleans RR., which
was built in 1861 and dismantled in 1865. The reconstructed road (Houston to Orange)
was opened on Aug. 1, 1876. The line from Sabine to Rockland, 103.11 miles, formerly
the Sabine and East Texas Ry., was purchased in April, 1883. The Texas Transporta-
tion RR., from Houston to Clinton, 7.9 miles, was purchased on June 1, 1896; the
Texas Trunk RR., from Dallas to Cedar, 53 miles, and the Louisiana Western Exten-
sion RR., from Sabine River to Beaumont, 6.8 miles, were acquired in Dec., 1899. The
Texas Trunk RR. and the Louisiana Western Extension RR. were purchased under
authority of an act of the Legislature of Texas, which also authorized the company
to construct an extension from Cedar to Rockland, about 165 miles, and to issue $4,-
435,000 of 4 p. c. bonds to cover the cost of the lines purchased and of the extension
from Cedar to Rockland Isee MANUAL for 1901, page 615). On June 30, 1902, the
extension from Cedar was in operation to Jacksonville, 63 miles, and the extension
from Rockland was in operation to Mahl, 56 miles, leaving about 46 miles to be con-
structed. The company acquired 818,789 acres of State subsidy land through the pur-
chase of the main line and 663,680 acres through the purchase of the Sabine and East
Texas Ry. The company is controlled by the Southern Pacific Co. through ownership
of all except $2,500 of its capital stock, but is operated as an independent organization.
Rolling Stock, June 30, 1902. — Locomotives, 45. Cars — passenger, 21; chair, 7;
postal, 2; composite, 2; baggage, mail and express, 14; freight (box, 832; caboose, 11;
flat, 1,562; gondola, 95; stock, 10; fruit, 91), 2,601; service, 137— total, 2,784.
Operations, year ending June 30, 1902. — Train mileage — passenger, 430,373 m. ;
freight, 1,017,752 m.; mixed, 55,675 m — total, 1,503,800 miles. Passengers carried,
526,249; carried one mile, 27,238,593; average mile rate, 2.372 cents. Tons freight
moved, 3,240,091 ; tons moved one mile, 299,709,351 ; average ton-mile rate, 0.725 cent.
EARNINGS.
Passenger
Freight
Mail and Express. . .
Miscellaneous
1900-01
$529,507 77
2,072,977 39
74,311 34
32,388 66
1901-02
$646,068 60
2,172,985 65
83,989 51
67,680 58
EXPENSES.
Maint. of Way, etc.. .
Maint. of Equip. . . .
Conducting Transp. .
General Expenses . .
1900-01
8369,035 16
322,132 23
959,454 26
50,699 99
1901-02
$801,410 57
377,545 81
1.234,439 31
64,539 11
$2,970,724 34
Totals
$1,701,321 64
$2,477,934 80
7,514 54
Averages per Mile .
4,549 59
6,268 02
Totals $2,709,185 16
Averages per Mile . 7,244 78
Net earnings, 1901-02 (16.59 p. c.), $492,789.54; income from securities and lands,
$9,259.84; interest on open accounts, $37,371.33; miscellaneous receipts, $7,306.60 — total,
$546,727.31. Payments: Interest on bonds, $384,352.40; taxes, $56,677.23; land de-
partment expenses, $7,896.88 — total, $448,926.51. Surplus, $97,800.80; surplus forward,
$5,187,496.31; proceeds from land sales, $131,879.22; miscellaneous receipts, $667.50 —
total surplus, June 30, 1902, $5,417,843.83.
Sheet, June 30, 1902.
Capital Stock ($100 shares) $5.000,000 00
Funded Debt ( see below) 7.907,232 32
General Balance
Cost of Road and Franchises $15,508,751 73
767,665 61
237,389 63
222.544 56
Materials, etc 873,00307
287.180 70
Expenditures for New Lines.
Land and Other Property.
Land Grant and Trust Funds.
Current Assets
Due from Other Companies of System.. 1,987,639 31
Contingent Assets 84,887 80
Total Assets $19,969,06241
Interest Accrued, not Due 131,27642
Taxes Assessed not Due 28,00000
Current Liabilities 558,219 90
Due Other Companies of System 555,542 37
Due Southern Pacific Co 71,452 67
Contingent Liabilities 299,494 90
Profit and Loss 5,417.843 83
Total Liabilities $19,969,062 41
POOR'S MANUAL SOUTHERN PACIFIC SYSTEM. 667
Funded Debt outstanding, June 30, 1902, consisted of (1) $915,000 Main Line 1st 7s of
AUR. It 1905, secured on the line from Orange to Houston, 105.46 miles; (2) $2,575,000 Sabine
Div. 1st gold 6s of Sept. 1, 1912, secured on the line from Sabine Pass to Rockland, 103.11 miles ;
(3) $1,620,000 consol. gold 5s of July 1, 1943, secured on the lines from Orange to Houston and
from Sabine Pass to Rockland, but subject to prior liens; (4) $2,455,000 ($20,000 per mile auth.)
Dallas Div. 1st gold 4s of Aug. 1, 1930, secured on the line constructed or to be constructed from
Rockland to Dallas (about 218 miles), on the line from Orange to the Sabine River (6.7 miles),
and on extensions to be constructed or acquired to an aggregate of 40 miles; and (5) $342,232.32
State of Texas school fund debt, payable 2 p. c. yearly and bearing 6 p. c. interest. The company
pays the interest on $350,000 1st 5s of Aug. 1, 1923, of the Texas Transportation Co., whose prop-
erty and franchises it purchased on June 1, 1896, subject to but without assuming that mortgage.
Land Grant. — The company acquired 818,789 acres of State subsidy land through the pur-
chase of the main line and 663,680 acres through the purchase of the Sabine and East Texas Ry.
Sales during the year ending June 30, 1902, amounted to 19,555 acres, the average price received
being $4.07 an acre. There remained unsold at the close of the year 491,650 acres. The financial
transactions of the department during the year were as follows : Cash receipts from sales,
$17,678.57. Amount of sales made on time contracts, $61,864.08. Total amount of sales for the
year, $79,542.65. Land contracts outstanding June 30, 1902, $196,337.09. Face value of main
line 1st mtge. bonds purchased and cancelled by trustee from proceeds of land sales, $179,000.
Total face value of bonds purchased and cancelled to date, $705,000. Cash balance in hands of
trustees, $26,207.47.
Directors ( elected Jan. 19, 1903). — J. Kruttschnitt, San Francisco, Cal.; E. H.
Harriman, Arden, N. Y.; T. W. House, W. G. Van Vleck, R. S. Lovett, W. B. Chew,
C. B. Seger, Houston, Tex. OFFICERS: E. H. HARRIMAN, Pres., Arden, N. Y. ; J. Krutt-
schnitt, Vice-Pres., San Francisco, Cal.; W. G. Van Vleck, 2d Vice-Pres,, Houston, Tex.;
B. C. Cushman, Treas.; C. B. Seger, Sec. & Aud., Houston, Tex.; A. K. Van Deventer,
Asst. Sec. & Asst. Treas., New York, N. Y. GENERA.L OFFICE, Houston, Tex.
GILA VALLEY, GLOBE AND NORTHERN RY.— Bowie to Globe, Ariz., 125.55
m. ; spur to smelter, 0.98 m. — total, 126.53 m. ; total track (steel; 50 Ibs.), 133.43 m.
Gauge, 4 ft. 8% in. Chartered Jan. 15, 1894; road opened throughout in Jan., 1899
(see MANUAL for 1898, page 268). The company is controlled by the Southern Pacific
Co., through ownership of about 60 p. c. of its capital stock, but is operated as an
independent organization. Locomotives, 6; cars (passenger), 4.
Operations, year ending June 30, 1902. — Train mileage — freight, 37,073; mixed,
76,984 — total, 114,057 miles. Passengers carried, 17,681; carried one mile, 1,143,724.
Tons freight moved, 60,404; moved one mile, 6,391,152. Earnings (passenger, $64,243;
freight, $279,191; other, $24,946), $368,380. Operating expenses, $174,718. Net earn-
ings, $193,662; other receipts, $6,987 — total, $200,649. Payments: Interest on bonds,
$75,700; taxes, $229; dividends (4 p. c.), $80,000; betterments, $14,969— total, $170,898.
Surplus, $29,751; surplus forward ($149,375; less sinking fund, $1,097), $148,278—
total, $178,029.
General Balance Sheet, Jime 30, 1902.
Road and Equipment $3,514,000 00
Black Warrior Extension 2,799 00
Real Estate 7,901 80
Materials and Supplies 9,98132
Sinking Fund 1st Mtge. Bonds 3,14284
Cash and Current Assets 246,05943
Total Assets $3,783,88439
Capital Stock $2,000,000 00
Bonded Debt I.ol4,000 00
Interest Accrued, not Due 12,616 66
Current Liabilities: 75,084 53
Reserve for Sinking Fund 4,154 08
Profit and Loss 178,02912
Total Liabilities $3,783,88439
Funded Debt consists of ($2,000,000 auth.) 1st gold 5s of Nov. 1, 1924. The bonds are
guaranteed, both as to principal and interest, by the Southern Pacific Co., the guaranty being
endorsed on each bond. The mortgage contains a provision for a sinking fund of 1 p. c. per annum,
to be invested in approved securities or otherwise, or to be used in retiring the bonds at or before
maturity ; but the bonds are not subject to call for redemption before maturity.
Directors (elected Dec. 3, 1902) William Garland, R. H. Ingram, Epes Randolph,
F. W. Burnett, Los Angeles, Cal.; J. Kruttschnitt, San Francisco, Cal. OFFICERS:
WILLIAM GARLAND, Pres.; R. H. Ingram, Vice-Pres.; A. C. Laird, Sec., Los Angeles, Cal.;
N. T. Smith, Treas., San Francisco, Cal. GENERAL OFFICE, Los Angeles, Cal.
SAN ANTONIO AND ARANSAS PASS RY.— Kerrville to Houston, Tex.,
308.4 m. ; Kenedy to Corpus Christi, Tex., 90 m. ; Gregory to Rockport, Tex., 21.2 m. ;
Skidmore to Alice, Tex., 43 m. ; Yoakum to Waco, Tex., 171 m. ; Austin Junction to
Lockhart, Tex., 53.8 m.— total, 687.4 m.: total track (steel. 783.71 in.), 784.57 miles.
Oauge, 4 ft. Sl/2 in. Rail, 50 Ibs. Reorganization in 1893 of a company of the saitio
name, a sketch of whose history is in the MANUAL for 1892, page 940.
The Railroad Commission of Texas decided recently that the last $1,356,000 of the
bonds issued under the mortgage dated Jan. 1, 1893, were void and that the ownership of
a majority of the capital stock by the Southern Pacific Co. was illegal, and ordered the
company, on pain of having the Attorney-General institute suit for the forfeiture of its
668
POOR S MANUAL OF RAILROADS PACIFIC GROUP.
charter, to take up and cancel the $1,356,000 bonds and to reduce its capital stock to
$1,000,000.
Boiling Stock, June 30, 1902. — Locomotives, 57. Cars — passenger, 31; chair, 3;
baggage, mail and express, 16; business, 2; freight (box, 769; flat, 538; stock, 235;
gondola, 137; tank, 1; caboose, 33), 1,713; service, 100 — total, 1,865. Of the box cars,
100 arc covered by equipment trust.
Operations, year ending June 30, 1902. — Train mileage — passenger, 661,534; freight,
952,103; mixed, 30,874 — total, 1,644,511 miles. Passengers carried, 607,621; carried one
mile, 22,705,617; average mile rate, 2.375 cents. Tons freight moved, 706,571; moved one
mile, 115,014,448; average ton-mile rate, 1.628 cents.
EARNINGS.
Passenger
1900-01
$535,345 35
1901-02
$550,345 61
EXPENSES.
Maint. of Way, etc.. .
1900-01
$607,667 53
1901-02
$550,401 63
Freight
1,957,215 67
1,872,824 02
Maint. of Equip. . . .
221,872 22
242,520 50
Mail and Express. . .
Miscellaneous
99,078 07
26,738 05
104,619 03
19,376 97
Conducting Transp. .
General Expenses . .
963,923 75
93,672 72
1,011,564 31
98,010 64
Totals
$2,618,377 14
$2,547,165 63
Totals
$1,887,136 22
$1,902,497 08
Totals per Mile.
3,809 10
3,705 50
Totals per Mile.
2,745 32
2.767 67
Net earnings, 1901-02 (25.31 p. c.), $644,668.55; other income, $1,745 — total,
413.55. Payments: Taxes, $70,142.03; rentals, $1,421 ; interest on bonded debt, $756,000;
on floating debt, $140,350.11; miscellaneous expenses, $199.46; additions and betterments,
$54,882.41— total, $1,022,995.01. Deficit for year, $376,581.46; deficit forward, $2,728,-
685.71— total, $3,105,267.17.
The deficit for the year was advanced by the Southern Pacific Co., together with
$19,718.84 for the redemption of equipment trust notes and for other purposes.
General Balance Sheet, June 30, 1901 (latest rendered).
Cost of Road and Franchises $23,542,947 10
Additions, etc., since Jan. 1, 1893 641,062 72
$24,184,009 82
Cash and Current Assets 316,961 61
Deferred Assets 4,788 88
Contingent Assets 2,970 44
Profit and Loss 2,728,68571
Capital Stock ($100 shares)
Funded Debt ( see below)
Equip. Trust Notes ($587.09 monthly).
Current Liabilities
Estimated Taxes, 6 mos. to June 30..
Unclaimed Wages
Southern Pacific Co
$5,000,000 00
18,900,000 00
19,961 06
617,619 94
34,000 00
2,051 46
2,663,784 01
Total Assets $27,237,41646 Total Liabilities $27,237,41646
Funded Debt consists of 1st gold 4s of Jan. 1, 1943. The authorized issue is $21,600,000,
the unissued balance being reserved for extensions limited to 100 miles, at $27,000 per mile. The
bonds are guaranteed, both as to principal and interest, by the Southern Pacific Co., the guaranty
being endorsed on each bond.
Directors (as constituted July 7, 1903).— Wm. D. Cornish, New York, N. Y.; C. K.
Hudson, M. D. Monserrate, E. J. Martin, J. W. Terry, Thomas B. Palfrey, R. H. Innes,
Eeagan Houston, A. W. Houston, San Antonio, Tex. OFFICERS: C. E. HUDSON, Pres.;
M. D. Monserrate, Vice-Pres. & Gen. ~M.gr.; Reagan Houston, Sec.; E. C. Tarrant, Treas.;
J. W. Terry, Auditor, San Antonio, Tex. GENERAL OFFICES, Maverick Bank Building,
San Antonio, Tex., and 120 Broadway, New York, N. Y.
AT.ATVTEDA AND SAN JOAOOTN RR.— Stockton to Tesla, Cal., 36.10 m. ; total track
(steel; 62 IDS.), 42.10 miles. Gauge, 4 ft. 81 in. Organized May 1, 1895; road completed July
1, 1896. Operated principally for hauling coal. Locomotives, 2. Freight cars (box, 18; flat, 40;
coal, 20), 78.
Operations. — Not reported ; for latest statement, see MANUAL for 1902, page 614.
General Balance Sheet, June 30, 1901 (latest rendered).- — Capital stock ($100 shares),
$500,000; bills payable, $553,500; current liabilities, $12,776; profit and loss, $39.361 — total,
$1,105,637. Contra: Cost of road and equipment, $788,424; materials, etc., $3,738; cash and
current assets, $313,475 — total, $1,105,637.
Directors. — J. Dalzell Brown, James Treadwell, W. J. Bartnett, John Treadwell, B. M. Brad-
ford, San Francisco, Cal. OFFICERS: JAMES TREADWELL, Pres.; W. J. Bartnett, Vice-Pres. ; B. M.
Bradford, Sec. ; J. Dalzell Brown, Treas., San Francisco, Cal. GENERAL OFFICE, San Francisco, Cal.
ARCATA AND MAD RIVER RR. — Arcata Wharf to Korbel, Cal., 14 m. ; Korbel to and
along Mad River, 5.25 m. — total, 19.25 m. ; total track (steel, 17.5 m.), 23 miles. Gauge, 3 ft. 9J
In. Rail, 30, 35, and 40 Ibs. Organized Dec. 29, 1881 ; road opened as above in 1893. Locomotives,
6. Cars — passenger, 2; freight (box, 3; flat, 160), 163; service, 22 — total, 187.
Operations. — Not reported ; for latest statement see MANUAL for 1901, page 649.
Financial Statement, June 30, 1900 (latest rendered). — Capital stock paid in ($300,000
auth. ; $20 shares), $187,740; loans and bills payable, $12,351; wages and salaries, $501 — total,
$200,592. Contra : Cost of road, $157,799 ; equipment, $39,561 ; water works, $1,775 ; lands
owned, $16,669 ; cash, $43 ; other assets, $3,703 — total, $219,551.
Directors. — F. Korbel, A. Korbel, J. Korbel, Anna Korbel, Therese Korbel, San Francisco,
Cal. OFFICHHS : F. KORBEL, Pres.; J. Korbel, Sec. & Treas.; San Francisco, Cal.; V. Zaruba,
Supt., Arcata, Cal. GENERAL OFFICE, 723 Bryant St., San Francisco, Cal.
POOR'S MANUAL OF RAILROADS. 669
ARIZONA AND NEW MEXICO RY. — Lordsburg, N. M., to Clifton, Ariz., 71 m. ; total
track (steel; 50 Iby.), 76 miles. Gauge, 4 ft. 8J in. Consolidation, Aug. 1, 1883, of the Clifton
and Lordsburg RR. and the Clifton and Southern Pacific RR. Built by the Arizona Copper Co., for
the purpose of hauling coke, supplies and copper from its mines. (See MANUAL, for 1884, page 990.)
Locomotives, 15. Cars — passenger, 2 ; freight (box, 16 ; flat, 29 ; coal, 83 ; oil-tank, 6), 134 ; .other,
7 — total, 143.
Operations, year ending June 30, 1902. — Gross earnings (passenger, $56,422; freight, $638,-
272; other, $493), $695,187. Operating expen.3es, $169,098. Net earnings, $526,089; other in-
come, $2,930 — total, $529,019. Total deductions, $86,806. Surplus, $442,213.
Q-eneral Balance Sheet, June 30, 1901 (latest rendered). — Capital stock, $1,500,000; funded
debt (1st 6s of May 1, 1896), $1,294,533 ; current and other liabilities, $171,442 ; accrued interest,
$12,945 ; profit and loss, $225,735 — total, $3,204,655. Contra : Cost of road, etc., $2,425,270 :
materials, etc., $86,334 ; accounts and cash, $42,574 ; other assets, $650,477 — total, $3,204,655.
The bonds are guaranteed by the Arizona Copper Co., and are subject to redemption out of sinking
fund accumulated by that company.
Directors. — James Colquhoun, M. J. Egan, J. G. Hopkins, J. D. A. Smith, L. Fraissinet, Mur-
ray Innes, Clifton, Ariz. ; Joseph A. Leahy, Benj. Titus, Lordsburg, N. M. OFFICERS : JAS. COL-
QUHOUN, Pres. ; Alex. Veitch, 1st Vice-Pres. ; J. G. Hopkins, 2d Vice-Pres. ; A. T. Thomson, Sec. &
Treas.; H. J. Simmons, Supt., Clifton, Ariz. GENERAL OFFICE, Clifton, Ariz.
ARIZONA AND UTAH RY. — Projected : McConnico to White Hills, Ariz., 50 miles. Com-
pleted to June 30, 1902 : McConnico to a point 3.5 m. beyond Chloride, Ariz., 25 m. ; trackage, S. F.
P. RR. Co. ; McConnico to Kingman, 4.25 m. — total operated, about 29.25 miles. Sidings, about 1.5
miles. Gauge, 4 ft. 8J in. Rail (steel, 26.5 m.), 56 Ibs. Chartered April 10, 1899; road opened
to Chloride, 21.5 miles, on April 16, 1899 ; as above, April 25, 1900. Locomotives, 2. Cars — pas-
senger, 1; freight (box, 4; flat, 3; refrigerator, 1), 8 — total carp, 9.
Operations, year ending June 30, 1902. — Earnings (passenger, $5,360; freight, $24,728;
other, $1,723), $31,811. Operating expenses, $24,926. Net earnings, $6,885. Paid interest on
bonds, $20,040. Deficit, $13,155 ; deficit forward, $17,059 — total, $30,214.
Qeneral Balance Sheet, June 30, 1902. — Capital stock ($600,000 auth. ; $100 shares), $467,-
000; funded debt (1st 6s of April 1, 1929), $334,000; current liabilities, $32,397; interest accrued,
$5,010 — total, $838,407. Contra: Cost of road and equipment, $801,000; sundries, $1,173; ma-
terials, etc., $2,031 ; cash and current assets, $3,989 ; profit and loss, $30,214 — total, $838,407.
Directors.' — F. L. Underwood, H. A. James, S. B. McConnico, R. H. Eggleston, New York,
N. Y. ; T. B. Comstock, Los Angeles, Cal. OFFICERS : F. L. UNDERWOOD, Pres. ; S. B. McConnico,
Vice-Pres. & Gen. Mgr.; R. H. Eggleston, Sec. & Treas., New York, N. Y. ; N. W. Tarr, Supt., King-
man, Ariz. GENERAL OFFICE, 31 Nassau St., New York, N. Y.
ASTORIA AND COLUMBIA RIVER RR. — Goble to Seaside, Ore., 78.6 m. ; Warrenton
to Fort Stevens, Ore., 3.4 m. ; trackage, N. P. Ry., Goble to Portland, Ore., 39.5 m. — total (owned,
82 m.), 121.5 m. ; total track owned (steel; 50 to 75 Ibs.), 95.25 miles. Gauge, 4 ft. 8J in.
Chartered April 4, 1895 ; road opened throughout, May 17, 1898. Locomotives, 8. Cars — passen-
ger, 20; baggage, mail, and express, 5; freight (box, 50; flat, 107), 157; caboose, 3 — total, 185.
Operations, year ending June 30, 1902. — Trains run ( passenger, 159,924 ; freight, 29,212 ;
mixed, 38,820), 227,956 miles. Passengers carried, 195,963; carried one mile, 10,319,057. Tons
freight moved, 93,374; ton-miles, 5,709,578. Earnings (passenger, $166,520; freight, $105,741;
other, $34,693), $306,954. Operating expenses, $190,239. Net earnings, $116,715; other receipts,
$1,761 — total, $118,476. Payments: Interest on bonds, $131,200; taxes, $9,311 — total, $140,511.
Deficit, $22,035 ; deficit forward, $403,184 — total, $425,219.
Qeneral Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,619,000; funded
debt (1st 4s of 1997-99), $3,280,000; current liabilities, $19,769; interest accrued, $492,305; other
liabilities, $789 — total, $5,411,863. Contra : Cost of road and equipment, $4,915,394 ; materials,
etc., $25,413 ; cash and current assets, $45,837 ; profit and loss, $425,219 — total, $5,411,863.
Directors.- — A. B. Hammond, San Francisco, Cal.; Charles F. Beebe, Portland, Ore.; C. W.
Fulton, F. D. Kuettner, T. H. Curtis, Astoria, Ore. OFFICERS: A. B. HAMMOND, Pres.; Wm. G.
Gosslin, Sec., San Francisco, Cal. ; T. H. Curtis, Treas.; F. D. Kuettner, Aud., Astoria, Ore. GEN-
ERAL OFFICE, Astoria, Ore.
BELLINGHAM BAY AND BRITISH COLUMBIA RR. — Whatcom to Sumas, Wash.,
23.32 m. ; Sumas to Maple Falls, 13.71 m. ; branches and spurs, 4.85 m. — total, 41.88 m. ; total
track (steel; 50, 56 and 60 Ibs.), 46.24 miles. Gauge, 4 ft. 8J in. Chartered May 3, 1883; road
opened to Sumas in 1891. The extension to Maple Falls, 13.71 miles, was opened in 1901, and a
further extension of about 12 miles, up the North Fork of the Nooksack River, is under construction.
Locomotives, 8. Cars — passenger, 7 ; freight (box, 4 ; flat, 63 ; coal, 60 ; log, 32), 159 ; service, 2 —
total, 168.
Operations, year ending June 30, 1902. — Trains run (passenger, 17,687 ; mixed, 64,375 ; other,
2,675), 84,737 miles. Passengers carried, 41,025; carried one mile, 1,123,265. Tons freight
moved, 149,156; ton-miles, 2,983,120. Earnings (passenger, $33,950; freight, $105,567; other,
$8,785), $148,302. Operating expenses, $96,080. Net earnings, $52,222; other receipts, $929 —
total, $53,151. Total deductions, $82,532. Deficit for year, $29,381.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,000,000; funded
debt (1st 5s of Dec. 1, 1932; $1,000,000 auth.), $500,000; current liabilities, $20,215; interest
accrued, $2,083 ; other liabilities, $171,800 — total, $1,694,098. Contra : Cost of road and equip-
ment, $1,254,212 ; permanent investments, $38,047 ; materials, etc., $5,485 ; cash and current as-
sets, $98,912; profit and loss, $297,442 — total, $1,694,098.
Funded Debt. — Since the close of the fiscal year $50,000 additional bonds have been issued,
making total of $550,000 now outstanding. The authorized issue is $1,000,000 ; the remaining
$450,000 are reserved in escrow to be issued for future extensions at not exceeding the rate of
$15,000 per mile, it being provided that these reserved bonds can be issued only when the net
timings of the road for the preceding year shall have been equal to at least double the interest on
all bonds then outstanding and on those proposed to be issued. There is provision for a sinking
fund, commencing Dec. 1, 1911, of 3 p. c. of the bonds then outstanding, to be applied to the
purchase and cancellation of the bonds or to be invested in other securities approved by the laws
of California for the investment of trust funds.
Directors. — P. B. Cornwall, A. Hayward, S. P. Smith, H. H. Taylor, J. P. Hopkins, Frank G.
Drum, H. G. Stevenson, San Francisco, Cal. OFFICERS : P. B. CORNWALL, Pres. ; S. P. Smith, Vice-
Pres. & Treas.; J. P. Hopkins, Sec.; E. H. Hammond, Aud., San Francisco, Cal. GENERAL OFFICE,
San Francisco, Cal.
670 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
BOISE. NAMPA AND OWYHEE BY. — Nampa to Murphy. Id., 31 m. ; total track
(steel ; 52 and 60 IDS.), 31.75 miles. Gauge, 4 ft. 81 In. Chartered Feb. 7, 1896 ; road opened from
Nampa to Guffey, Id., 24 m., on March 16, 1897 ; extended to Murphy, Id., 7 m.. on Aug. 24, 1899.
Locomotives, 2. Cars — freight (box, 4; flat, C). 10.
Operations, year ending June 30, 1902. — Trains run (passenger, 22,632; freight, 67,890;
other, 22,630), 113,152 miles. Passengers carried, 6,794; carried one mile, 190,232. Tons freight
moved, 6,447; ton-miles, 176,097. Earnings (passenger, $9,086; freight, $19,496; other, $2,528),
$31,110. Operating expenses, $15,645. Net earnings, $15,465 ; other receipts, $941 — total income,
$16,406. Paid taxes, $2,845. Surplus, $13,561 ; surplus forward, $15,669 — total, $29,230. De-
ductions during year, $26,333. Net surplus, $2,897.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,000,000; current
liabilities, $653; profit and loss, $2,897 — total, $1,003,551. Contra: Cost of road and equipment,
$350,154 ; materials, $3,025 ; cash and current assets, $49,977 ; capital stock paid in, $600,395 —
total, $1,003,551.
Directors. — W. H. Dewey, E. H. Dewey, Nampa, Id. ; R. E. Green, F. G. Mock, W.E.Borah, Boise,
Id. OFFICERS: WM. H. DEWEY, Pres.; E. H. Dewey, Vice-Pres.; R. E. Green, Sec.; F. G. Mock,
Treas.; W. J. McClelland, And.; J. M. Clark, Gen. Supt. & Chief Eng., Nampa, Id. GKNEKAL OFFICE,
Nampa, Id.
BUCKSPORT AND ELK RIVER RR.— Bucksport to Folks Mill, Cal., 8.1 miles. Gauge,
4 ft. 8J in. Rail (steel), 50 Ibs. Chartered July 25, 1884; road opened Jan. 1, 1886. This is a
logging road. Locomotives, 2. Cars — flat, 8 ; logging, 29 — total, 37. Only 1 locomotive and 20
cars are in service.
Operations, year ending Dec. 31, 1902. — Earnings (freight), $19,857. Operating expenses,
$5,784. Net earnings, $14,073. Paid dividends, $10,000. Surplus for year, $4,073.
General Balance Sheet, June 30, 1900 (latest rendered). — Capital stock ($500,000 auth. ;
$100 shares), $230,000; current liabilities, $1,064; profit and loss, $5,261 — total, $236,325.
Contra : Cost of road and equipment, $221,464 ; real estate, $2,690 ; cash and current assets,
$7,455 — total, $231,609.
Directors. — Wm. Carson, Josiah Bell, J. M. Carson, Eureka, Cal. ; J. R. Hanify, A. C. Hooper,
San Francisco, Cal. OFFICERS : WM. CABSON, Pres.; J. M. Carson, Treas.; Josiah Bell, Sec. &
Gen. Mgr., Eureka, Cal. GENERAL OFFICE, Eureka, Cal.
COLUMBIA SOUTHERN RY. — Projected : Biggs to Prineville, Ore., 127 m. ; Shaniko to
Canyon City, Ore., 90 m. — total, 217 miles. Completed up to Jan. 1, 1903 : Biggs to Shaniko, Ore.,
69.49 m. ; Hay Canon Spur, 0.60 m. ; total, 70.09 m. ; trackage, O. RR. & N. Co. at Biggs, Ore.,
0.51 m. — total operated, 70.6 m. ; total track owned (steel ; 56 Ibs., 65.40 m.), 74.72 miles. Gauge,
4 ft. 81 in. Chartered March 4, 1897 ; road opened from Biggs to Wasco, 9.5 m., on Oct. 6, 1897 ;
extension from Wasco to Moro, 18 m., opened Jan. 13, 1899 ; Moro to Grass Valley, 11.5 m., on
March 27, 1900 ; Grass Valley to Shaniko, 31 m., May 13, 1900. Locomotives, 4. Cars — passen-
ger, 3 ; baggage, etc., 1 ; freight (box), 2 — total cars, 6.
Operations, year ending Dec. 31, 1902. — Trains run (freight, 9,890; mixed, 51,870), 61,760
miles. Passengers carried, 30,812 ; carried one mile, 1,048,855. Tons freight moved, 63,524 ; ton-
miles, 2,095,870. Earnings (passenger, $41,680; freight, $105,701; other, $9,461), $156,842.
Operating expenses, $87,148. Net earnings, $69,694 ; other receipts, $709 — total, $70,403. Pay-
ments : Interest on bonds, $35,000 ; taxes, $5,373 — total, $40,373. Surplus, $30,030 ; surplus for-
ward, $54,291 — total, $84,321.
General Balance Sheet, Dec. 31, 1902. — Capital stock ($100 shares), $300.000; funded
debt (1st 5s of Dec. 1, 1948), $700,000; current liabilities, $38,248; interest accrued, $2,917;
accrued taxes, $2,700 ; profit and loss, $84,321 — total, $1,128,186. Contra : Cost of road and equip-
ment, $1,062,869; materials, etc., $16,600; cash and current assets, $48,717 — total, $1,128,186.
Directors. — E. E. Lytle, May Enright, J. H. Page, Henry Hahn, Portland, Ore. ; W. H. Moore,
Moro, Ore. OFFICEBS : E. E. LYTLE, Pres. & Gen. Mgr., Portland, Ore. ; W. H. Moore, Vice-Pres.
& Treas., Moro, Ore. ; May Enright, Sec., Portland, Ore. ; E. D. Woodbury, Supt., Shaniko,
Ore. ; E. B. De Yoe, Aud., Portland, Ore. GENERAL OFFICE, Portland, Ore.
COLUSA AND LAKE RR. — Colusa to Sites, Cal., 22 m. ; total track (steel; 30 and 35
Ibs.), 24.5 miles. Gauge, 3 ft Consolidation, Nov. 27, 1886, of the Colusa and the Colusa and
Lake RR. Cos. (See MANUAL for 1890, page 603.) Locomotives, 3. Cars — passenger, 3; bag-
gage, etc., 2; freight (box, 4; flat, 27), 31 — total cars, 36.
Operations, year ending June 30, 1902. — Trains run, 24,400 miles. Passengers carried, 11,-
800. Tons freight moved, 21,940. Earnings (passenger, $8,269; freight, $15,058; other, $1,433),
$24,760. Operating expenses, $11,407. Net earnings, $13,353 ; other receipts, $193 — total, $13,-
546. Payments : Interest on bonds, $3,960 ; taxes, $735 ; dividends (3 p. c.), $3,015 — total, $7,710.
Surplus, $5.836 ; surplus forward, $34,493 — total, $40,329.
General Balance Sheet, June 30, 1902. — Capital stock ($400,000 auth.; $100 shares),
$100,500; funded debt (trust 6s of April 1, 1907), $66,000; profit and loss, $40,329 — total, $206,-
829. Contra : Cost of road and equipment, $199,071 ; cash on hand, $7,758 — total, $206,829.
Directors.— W. P. Harrington, J. W. Goad, Chas. Richardson, J. Morris Jones, T. Harrington,
Colusa, Cal. ; P. R. Peterson, P. Peterson, Sites, Cal. ; J. H. Roberts, P. J. Harney, Sacramento,
Cal. OFFICERS: W. P. HARRINGTON, Pres.; 3. W. Goad, Vice-Pres.; Colusa Co. Bank, Treas.;
T. Harrington, Sec., Colusa, Cal.
CONGRESS CONSOLIDATED MINES CO., LTD., RR. — Congress to Congress Junction,
Ariz., 6 m. Gauge, 4 ft. 81 in. Rail (steel), 56 Ibs. Road opened July 1, 1896. Owned by the
Congress Consolidated Mines Co., Ltd. ; no separate organization. Locomotives, 2. Cars — pas-
senger, 1; freight (flat), 3 — total, 4. OFFICERS OF CONGRESS CONSOLIDATED MINES Co., LTD.:
E. B. GAGE, Pres., Congress, Ariz. ; F. M. Murphy, Vice-Pres., Prescott, Ariz. ; A. N. Gage, Sac. £
Treas.; G. W. Dietz, Asst. Treas.; W. F. Staunton, Gen. Mgr., Congress, Ariz. GENERAL OFFICE,
Congress, Ariz. •
COOS BAY, ROSEBURG AND EASTERN RR. AND NAVIGATION CO.— Pro-
jected : Marshfleld, Ore., to Roseburg, Ore., 88.1 miles. Completed Jan. 1, 1902 : Marshfield to
Myrtle Point, Ore., 25.86 m. ; Beaver Hill June, to Beaver Hill, 1.89 m. — total, 27.75 m. ; total
track (steel; 65 Ibs.), 31.46 miles. Gauge, 4 ft. 81 in. Chartered in June, 1890; road opened to
Myrtle Point in Aug., 1893 ; spur completed Aug. 22, 1894. Extension from Myrtle Point to Rose-
burg, 62.5 m., was permanently located in Sept., 1893. The road is in the hands of a receiver.
Locomotives, 3. Cars — passenger, 2; freight (box, 6; flat, 24; logging, 12; coal, 20), 62 —
total, 64.
POOR'S MANUAL OF RAILROADS.
671
General Balance Sheet, June 30, 1897 (latest rendered). — Capital stock ($100 shares), $2,-
000,000; funded debt (1st 6s of April 1, 1921), $625,000; matured interest coupons unpaid, in-
cluding coupons due July 1, 1897, $155,340 ; accrued interest not yet payable, $6,250 — total,
$2,786,590. Contra: Cost of road, $625,000; capital stock (nominal issue) owned and controlled
by corporation and its promoters, $2,000,000 ; profit and loss, $161,590 — total, $2,786,590.
Directors. — T. R. Sheridan, Roseburg, Ore. ; J. W. Bennett, R. A. Graham, F. N. McLean, J. B.
Hassett, O. J. Seeley, F. J. Denevue, Marshfleld, Ore. OFFICERS : W. S. CHANDLER, Receiver, Marsh-
field, Ore.; T. R. SHERIDAN, Pres. ; Roseburg, Ore.; J. W. Bennett, Vice-Pres. ; J. B. Hassett, Sec.,
Treas. & Aud., Marshfleld, Ore. GENERAL OFFICE, Marshfleld, Ore.
CORONADO RR. — Coronado to San Diego, Cal., 20.26 m. ; Coronado to Hotel del Coronado
(electric), 1.44 m. ; branches, 5.50 m. — total. 27.20 m. ; total track (steel; 45 Ibs.), 32.80 miles.
Gauge, 4 ft. 8J in. Chartered April 7, 1886, and road completed as above, Dec. 31, 1888. Loco-
motives, 7. Cars — passenger, 19 ; baggage, etc., 2 ; freight (flat, 32 ; coal, 8), 40 ; tank, 3 — total, 64.
Operations. — All information refused ; for latest statement, see MANUAL for 1901, page 652.
General Balance Sheet, June 30, 1900 (latest rendered). — Capital stock ($100 shares),
$500,000 ; current liabilities, $128,686 ; profit and loss, $318,774 — total, $947,460. Contra : Cost
of road and equipment, $865,155 ; materials, etc., $11,160 ; cash and current assets, $71,145 — total,
$947,460.
Directors. — John D. Spreckels, San Francisco, Cal. ; E. S. Babcock, C. T. Hinde, W. Clayton,
San Diego, Cal. ; A. E. Babcock, Coronado, Cal. OFFICERS : JOHN D. SPRECKELS, Pres., San Francis-
co, Cal.; E. S. Babcock, Vice-Pres. ; Wm. Clayton, Sec., Treas. & Gen. Mgr.; B. M. Warner, Supt.,
Coronado, .Cal. GENERAL OFFICE, San Diego, Cal.
COB.VAliL.IS AND EASTERN RR. — Yaquina to Idahua, Ore., 142 m. ; total track ( steel,
150 m.), 155 miles. Gauge, 4 ft. 8J in. Rail — iron, 36; steel, 50 and 56 Ibs. This company
operates a line of steamboats on the Willamette River, between Portland and Corvallis, in connec-
tion with its railroad lines. Chartered Dec. 15, 1897, to build a line from Yaquina Bay to the Snake
River in Malheur County, Ore., with a branch from near Prineville through Lake County into
California. Purchased the property of the Oregon Central and Eastern RR., owning the completed
road from Yaquina to Idahua, Ore., 142 miles. (See MANUAL for 1897, page 263.) Locomotives, 8.
Cars — passenger, 6 ; baggage, etc., 3 ; freight (box, 190 ; flat, 77), 267 ; service, 10 — total, 286.
Operations, year ending June 30, 1902. — Trains run (passenger, 1,732; mixed, 86,112; other.
5,961), 93,805 miles. Passengers carried, 52,330; carried one mile, 1,628,703. Tons freight moved,
138,351; ton-miles, 3,085,081. Earnings (passenger, $42,252; freight, $73,885; other, $12,756),
$128,893. Operating expenses, $94,374. Net earnings, $34,519 ; other receipts, $3 — total, $34,522.
Payments : Interest on bonds, $56,400 ; other interest, $6,167 ; taxes, $4,653 — total, $67,220.
Deficit, $32,698 ; deficit forward, $129,008 — total, $161,706.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $1,410,000; funded
debt (1st 4s of Feb. 1, 1998), $2,115,000; current liabilities, $82,943; interest accrued, not due,
$249,100 — total, $3,857,043. Contra: Cost of road and equipment, $2,944,443; bonds in treasury,
$705,000; materials, etc., $20,974; cash and current assets, $24,920; profit and loss, $161,706 —
total, $3,857,043.
Directors. — A. B. Hammond, San Francisco, Cal. ; J. K. Weatherford, C. Sullivan, Albany,
Ore. OFFICERS: A. B. HAMMOND, Pres., San Francisco, Cal.; T. H. Curtis, Treas.; Edwin Stone,
Sec., Albany, Ore. ; F. D. Kuettner, Aud., Astoria, Ore. GENERAL OFFICE, Albany, Ore.
EEL RIVER AND EUREKA RR. — Eureka to Burnells, Cal., 25 m. ; total track (steel;
50 and 60 Ibs.), 34 miles. Gauge, 4 ft. 8i in. The company operates the California and Northern
RR. under lease (see appended statement). Chartered Nov. 14, 1882; road opened throughout,
July 6, 1885. Locomotives (1 leased), 4. Cars — passenger, 8; baggage, etc., 2; freight (box, 14;
flat, 28; lumber, 36), 78 — total, 88.
Operations, year ending June 30, 1902. — Trains run (mixed), 65,500 miles. Passengers car-
ried, 68,970; carried one mile, 1,862,190. Tons freight moved, 150,000; ton-miles, 4,200,000.
Earnings (passenger, $47,263; freight, $105,664; ether, $21,838), $174,765. Operating expenses,
$117,567. Net earnings, $57,198. Payments: Interest on bonds, $24,590; taxes, $4,485; dividends
(5 p. c.), $24,000 — total, $53,075. Surplus, $4,123; deficit forward, $150,674; net deficit, $146,551.
General Balance Sheet, June 30, 1902. — Capital stock ($1,200,000 auth. ; $100 shares),
$480,000 ; funded debt, $462,000 ; current liabilities, $11,265 — total, $953,265. Contra : Cost of
road and equipment, $752,536 ; materials, etc., $4,525 ; cash on hand, $49,653 ; profit and loss
$146,551 — total, $953,265.
Funded Debt consists of $149,000 1st mtge. 6 p. c. 20-yr. bonds, due Oct. 1, 1903, and
$313,000 1st mtge 5 p. c. 20-yr. bonds, due Oct. 1, 1914.
RAILROAD LEASED BY THE EEL RIVER AND EUREKA RR. Co.
California and Northern RR. —
Eureka to Arcata, Cal., 9 miles. Gauge, 4 ft. 8i
in. Rail (steel), 60 Ibs. Chartered March 5,
1901 ; road completed as above in July, 1901.
Leased to Eel River and Eureka RR. Co., after
the close of the fiscal year 1900-01. Capital stock,
paid in to Jan. 23, 1902 ($2,500,000 auth.; $100
shares), $236,300, all of which has been expended.
John L. Koster, Pres. ; P. N. Lilienthal, Vice-
Pres. ; Anglo-Californian Bank, Treas. ; Chas. S.
Neal, Sec., San Francisco, Cal. Office, San Fran-
cisco, Cal.
Directors (E. R. & E. RR. Co.). — John M. Vance, William Carson, J. M. Carson, J. N. Gillett.
H. P. Vance, T. R. Lever, Eureka, Cal. ; John Dolbeer, San Francisco, Cal. OFFICERS : JOHN M.
VANCE, Pres. & Gen. Mgr.; William Carson, Vice-Pres. ; Humboldt County Bank, Treas.; T. R.
Lever, Sec., Eureka, Cal. GENERAL OFFICE, Eureka, Cal.
EUREKA AND KLAMATH RIVER RR. — Samoa to Little River, Cal., 20 m. ; Arcata
towards Eureka, Cal., 3.30 m. ; seven logging spurs, 8 m. — total, 31.30 m. ; total track (steel ; 56 and
60 Ibs.), 35. 63 miles. Gauge, 4 ft. 8j in. Chartered Jan. 6, 1896. Absorbed the Humboldt Bay and Trini-
dad RR. Road built 1896 to 1899. Reorganized without change of name Sept. 1, 1900. Locomotives, 6.
Cars — passenger, 2; freight (box, 5; flat, 55; logging, 98), 158; service, 1 — total, 161. The com-
pany also owns 2 freight and passenger steamers and 4 scows.
Operations, year ending June 30, 1902. — Passengers carried, 43,864 ; carried one mile, 779,-
688. Tons freight moved, 134,364; ton-miles, 2,337,934. Earnings (passenger, $19,438- freight,
$93,428; other, $4,443), $117,309. Operating expenses, $66,065. Net earnings, $51,244. Pay-
ments : Taxes, $3,014 ; other charges, $25 — total, $3,039. Surplus, $48,205 ; surplus forward
($25,500; less deductions during year, $530), $24,970 — total, $73,175.
General Balance Sheet. June 30, 1902. — Capital stock ($100 shares), $500,000; current
672 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
liabilities, $190.994 ; profit and loss, $73,176 — total, $764,170. Contra : Cost of road and equip-
ment. $724,324 ; materials, etc., $20,205 ; cash on hand, $19,641 — total, $764,170.
Directors. — A. B. Hammond, San Francisco, Cal. ; G. W. Fenwick, W. G. Gosslin, Eureka,
Cal. ; E. H. Vance, Oakland, Cal. ; S. A. Vance, Los Angeles, Cal. OFFICERS : A. B. HAMMOND,
Pres., San Francisco, Cal. ; E. H. Vance, Vice-Pres., Oakland, Cal. ; G. W. Fenwick, Treas,,
Eureka, Cal. ; W. G. Gosslin, Sec., San Francisco, Cal. ; H. Trinwith, And., Eureka, Cal. GENERAL
OFFFICE, Eureka, Cal.
EUREKA AND PALISADE BY. — Palisade to Eureka, Nev., 84 m. ; total track (steel,
70 m.), 86.5 miles. Gauge, 3 ft. Rail, 30 and 35 Ibs. Reorganization, Feb. 1, 1902, of the Eureka
and Palisade RR. (see MANUAL for 1902, page 618). Locomotives, 4. Cars — passenger, 4; bag-
gage, etc., 1; freight (box, 21; stock, 16; flat, 47; coal, 8), 92; caboose, 1 — total, 98.
Operations, four months ending June 30, 1902. — Trains run ( passenger, 68 ; freight, 92 ;
mixed, 21,538), 21,698 miles. Passengers carried, 847; carried one mile, 53,684. Tons freight
moved, 5,002; ton-miles, 395,361. Earnings (passenger, $3,950; freight, $17,175; other, $2,175),
$23,300. Operating expenses, $16,053. Net earnings, $7,247 ; other receipts, $417 — total, $7,664.
Payments: Taxes, $150; dividends (4 p. c.), $12,000 — total, $12,150. Deficit, $4,486; surplus
forward, $48,409 ; net surplus, $43,923.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $300,000; current
liabilities, $2,535 ; profit and loss, $43,923 — total, $346,458. Contra : Cost of road and equip-
ment, $297,700 ; real estate, $15,000 ; materials, etc., $5,635 ; cash and current assets, $27,243 ;
other assets, $880 — total, $346,458.
Directors (elected June 2, 1902). — M. L. Requa, H. H. Taylor, H. J. McMeichaels, San Fran-
cisco, Cal. ; Chas. Read, Chas. L. Rood, Salt Lake City, Utah. OFFICERS : M. L. REQUA, Pres., San
Francisco, Cal. ; G. D. Abbott, Treas. & Sec., Eureka, Nev. GENERAL OFFICE, Eureka, Nev.
QOBLE, NEHALEM AND PACIFIC BY. — Goble to Mooreville, Ore., 6 m. ; branch at
Mooreville, 2 m. — total, 8 miles. Gauge, 4 ft. 8| in. Rail (steel), 56 Ibs. Reorganization In
Feb., 1902, of the Goble, Nehalem and Pacific RR. Co., which was sold under foreclosure. The
road is operated primarily for logging purposes, but it is intended to extend it to Tillamook and
Nehalem Bays, about 95 miles. In Sept., 1902, the company had 4 miles under construction, and
intended to build 10 miles additional in the spring of 1903. Locomotives, 2. Cars — passenger, 1 ;
freight, 13. Capital stock, fully paid, $50,000. Cost of road to June 30, 1902, $150,000 ; estimated
cost of road to completion, $1,500,000. The company has no bonded debt.
Directors. — L. C. Stanley, Chippewa Falls, Wis. ', W. S. Dwinnell, Minneapolis, Minn. ; J. N.
Teal, F. S. Stanley, Portland, Ore. ; Robert Smith, Perry, Ore. OFFICERS : F. S. STANLEY, Pres. &
Gen. Mgr., Portland, Ore. ; W. S. Dwinnell, Vice-Pres., Minneapolis, Minn. ; J. N. Teal, Sec., Port-
land, Ore. GENERAL OFFICE, Goble, Ore.
HETCH-HETCHY AND YOSEMITE VALLEYS BY. OF CAL.— Projected : Car-
ters to Hetch-Hetchy and Yosemite Valleys, 75 m. ; branch from Nashton to Calaveras Big Trees,
25 m. ; other branches, 25 m. — total, 125 miles. Completed up to Jan. 1, 1903 : Tuolumne, Cal.,
to Sec. 33 T 2 N. 17 E, 35 miles. Gauge, 3 ft. Rail (steel), 40 Ibs. Chartered in 1900. This is a
kindred corporation to the West Side Lumber Co., of Tuolumne, Cal., both corporations having the
same set of officers. The West Side Lumber Co. owns about 50,000 acres of timber land, and has a
saw mill plant at Carters. The railroad penetrates a country rich in timber and in gold-bearing
ledges. Connection is made at Tuolumne with the Sierra Ry. of Cal. The company owns 7 loco-
motives, 1 passenger car, and 150 freight cars. Capital stock paid in ($1,000,000 auth. ; $100
shares), $395,000. Estimated cost of road to completion, $1,000,000.
Directors. — Wm. H. Crocker, Henry J. Crocker, T. S. Bullock, Chas. T. Gardner, W. Gregg, Jr.,
San Francisco, Cal. OFFICERS : G. W. KLINE, Pres. ; J. T. Adams, Vice-Pres. & Gen. Mgr. ; Chas.
F. Gardner, Sec.; Wellington Gregg, Treas., Tuolumne, Cal. GENERAL OFFICE, Tuolumne, Cal.
LAKE TAHOE BY. AND TBANSPOBTATION CO.— Truckee to Tahoe, Cal., 15 m. ;
total track (steel, 15 m.), 17 miles. Gauge, 3 ft. Rail, 35 and 40 Ibs. Chartered Dec. 19, 1898;
road opened May 1, 1900. Locomotives, 2. Cars — passenger, 3; baggage, etc., 1; freight (box, 3;
flat, 61), 64 — total, 68.
Operations, year ending June 30, 1902. — Earnings (passenger, $12,708; freight, $16,495),
$29,203. Operating expenses, $15,733. Net earnings, $13,470 ; other receipts, $6,066 — total,
$19,536. Total deductions, $7,900 ; surplus for year, $11,636.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock ($100 shares),
$200,000; funded debt (see Ready Reference Bond List), $100,000; current liabilities, $11,000;
profit and loss, $9,355 — total, $320,355. Contra : Cost of road and equipment, $292,216 ; materials,
etc., $11,818 ; cash and current assets, $16,321 — total, $320,355.
Directors. — D. L. Bliss, W. D. Tobey, M. L. Requa, W. D. Bliss, H. J. Knowles, San Fran-
cisco, Cal. ; C. T. Bliss, Overton, Cal. ; Duane L. Bliss, Jr., Tahoe, Cal. ; one vacancy. OFFICERS :
D. L. BLISS, Pres.; W. D. Tobey, Vice-Pres.; W. D. Bliss, Treas., San Francisco, Cal. ; C. T. Bliss,
Sec., Overton, Cal. GENERAL OFFICE, San Francisco, Cal.
McCLOUD BIVEB BB. — Projected : Upton to Alturas, Cal., 125 miles. Completed up to
June 30, 1902 : Upton to McCloud, Cal., 18.32 m. ; McCloud to Ash Creek, Cal., 12.31 m. ; main line
extension to Bartles, 4.50 m.— total, 35.13 m. ; total track (steel; 56 Ibs.), 41.20 miles. Gauge,
4 ft. 8J in. Chartered Jan. 22, 1897 ; road opened as above in June, 1901. Locomotives, 8. Cars —
passenger, 1; freight (tank, 5; flat, 206; box, 12), 223 — total, 224.
Operations, year ending June 30, 1902. — Passengers carried, 2,641 ; carried one mile, 51,003.
Tons freight moved, 97,200; ton-miles, 1,844,040. Earnings (passenger, $2,374; freight, $125,787;
other, $197), $128,358. Operating expenses, $100,087. Net earnings, $28,271. Payments: Interest
on bonds, $12,320 ; other interest, $4,564 ; taxes, $1,696 — total, $18,580. Surplus, $9,691 ; surplus
forward, $32,926 — total, $42,617.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $360,000; funded
debt (1st 5s and 6s of April 1, 1917), $216,000; current liabilities, $349,924; profit and loss,
$42,617 — total, $968,541. Contra : Cost of road and equipment, $872,658 ; materials, etc., $76,228 ;
cash and current assets, $19,655 — total, $968,541.
Directors. — W. W. Van Arsdale, Geo. W. Scott, Geo. M. Curtis, Walter Alexander, F. P. Hixon,
San Francisco, Cal. OFFICERS : GEO. W. SCOTT, Pres. ; W. W. Van Arsdale, Vice-Pres. ; J. R.
Wisdom, Mgr.; H. Cooley, Supt.; F. C. Youngberg, Sec.; Crocker- Woolworth National Bank,
Treas., San Francisco, Cal. GENERAL OFFICE, 93 Crocker Building, San Francisco, Cal.
MABICOPA AND PHCENIX AND SALT BIVEB VALLEY BB.— Maricopa to Phoe-
nix, Ariz., 34.36 m. ; Tempo to Mesa, Ariz., 7.56 m. — total, 41.92 m. ; total track (steel; 40 and 66
J>OOR*S MANUAL OF RAILROADS.
Ibs.), 44.12 miles. Gauge, 4 ft. 8} in. Consolidation, Dec. 9, 1895, of the Marlcopa and Phcenix
RR. Co. and the Phoenix, Tempo and Mesa Ry. Co. (see MANUAL for 1895, page 297). The road
from Tempo to Mesa was opened Dec. 9, 1895. Locomotives, 4. Cars — passenger, 2 ; baggage,
mail, etc., 2; freight (box, 9; flat, 10), 19 — total, 23. Also 45 stock cars leased.
Operations, year ending June 30, 1902. — Earnings (passenger, $56,791; freight, $101,395),
$158,186. Operating expenses, $112,228. Net earnings, $45,958. Payments: Interest on bonds,
$36,300 ; taxes, $5,637 — total, $41,937. Surplus, $4,021.
Financial Statement, June 30, 1902. — Capital stock ($100 shares), $1,000,000; funded debt
(1st 5s of Dec. 23, 1925), $725,000 — total, representing cost of road, etc., $1,725,000.
Directors. — Francis Cutting, F. I. Kendall, Joseph M. Masten, M. Silvester, C. E. Graham,
San Francisco, Cal. ; S. Oberfelder, Walter Talbot, Phoenix, Ariz. OFFICERS : FRANCIS CUTTING,
Pres.; Joseph M. Masten, Vice-Pres.; F. I. Kendall, Sec. & Treas., San Francisco, Cal.; J. W.
Walden, And., Phcenix, Ariz. GENERAL OFFICE, Phoenix, Ariz.
MILL VALLEY AND MT. TAMALPAIS SCENIC BY. — Mill Valley to summit of Mt.
Tamalpais, Cal., 8.19 miles. Rail (steel), 57 Ibs. Gauge, 4 ft. 8* in. Chartered Jan. 16, 1896 ; road
opened Aug. 26, 1896. The object of this road is to enable excursionists to reach the summit of
Mt. Tamalpais. Locomotives (geared), 3. Cars — passenger, 8; freight (flat), 2 — total, 10.
Operations, year ending June 30, 1902. — Earnings (passenger, $37,234; freight, $41), $37,-
275. Operating expenses, $26,854. Net earnings, $10,421 ; other receipts, $4,322 — total, $14,743.
Payments : Interest on bonds, $5,024 ; taxes, $898 — total, $5,922. Surplus, $8,821 ; surplus
forward, $10,890— total, $19,711.
General Balance Sheet, June 30, 1902. — Capital stock ($200,000 auth. ; $100 shares),
$122,000; funded debt (1st 5s of April 20, 1929), $100,000; current liabilities, $3,697; profit and
loss, $19,711 — total, $245,408. Contra : Cost of road and equipment, $174,464 ; permanent invest-
ments, $49,055 ; real estate, $9,364 ; materials, etc., $3,222 ; taxes and insurance, $207 ; cash and
current assets, $3,096 ; sinking fund, $6,000 — total, $245,408.
Directors (elected Jan. 15, 1903). — S. B. Gushing, San Rafael, Cal. ; R. H. Wai-field, Daniel E.
Hayes, Charles F. Runyon, Harry F. Woods, W. C. B. de Fremery, C. de Guigne, San Francisco, Cal.
OFFICERS : S. B. GUSHING, Pres. & Gen, Mgr., San Rafael, Cal. ; R. H. Warfleld, Vice-Pres. ; First
National Bank of San Francisco, Treas., San Francisco, Gal. ; Louis L. Janes, Sec., Mill Valley, Cal.
GENERAL OFFICE, 508 California St., San Francisco, Cal.
NATCHES PASS BB. — Projected : Buckley, Wash., to Columbia River, 110 miles. Com-
pleted up to June 30, 1901: Buckley, Wash., east, 4.75 miles. Gauge, 4 ft. 8J in. Rail (steel),
56 Ibs. Chartered July 16, 1896, and succeeded to the property, rights, and franchises of the White
and Columbia Rivers RR. Co., which was chartered in May, 1893, but completed no railroad.
Four miles of road were completed in Aug., 1896 ; extended 0.75 mile in Jan., 1899. The road is
being built chiefly for logging purposes, but it is also intended to reach the wheat fields of Eastern
Washington and the Gold Hill mining district near the summit of the Cascade Mountains (see
MANUAL for 1897, page 844). Locomotives, 2. Cars (flat), 3. The Northern Pacific Ry. Co.
furnishes the cars, about 300 per month — 41-foot flat cars built for logging purposes. No state-
ment of earnings furnished.
Financial Statement, June 30, 1902. — Capital stock ($100 shares), $15,000 ; funded debt
(1st gold 6s of Dec. 1, 1908), $25,000 — total, representing cost of road, $40,000.
Directors. — Addison G. Foster, Angus McDougall, 'Herbert S. Griggs, Geo. Browne, Tacoma,
Wash. OFFICERS: ANGUS MCDOUGALL, Pres.; Addison G. Foster, Vice-Pres. ; Geo. Browne, Sec.
& Treas., Tacoma, Wash. ; A. Jackson, Gen. Mgr., Buckley, Wash. GENERAL OFFICE, Tacoma,
Wash.
NATIONAL CITY AND OTAY BB. — San Diego to Tia Juana, Cal., 18.7 m. ; Sweet-
water June, to La Presa, Cal., 8.2 m. — total, 26.9 m. ; total track (steel ; 30 and 40 Ibs.), 30.9 miles.
Gauge, 4 ft. 8J in. Consolidation, Oct. 12, 1888, of the National City and Otay and the Otay Ry.
Co». Road opened throughout on May 20, 1888. Locomotives, 5. Cars — passenger, 7 ; baggage,
etc., 3; freight (flat, 15; box, 16; coal, 3), 34 — total, 44.
Operations, year ending June 30, 1902. — Trains run (passenger, 40,459; freight, 25,609;
mixed, 5,148), 71,216 miles. Passengers carried, 106,562. Tons freight moved, 15,516. Earnings
(passenger, $15,092; freight, $15,052; other, $1,072), $31,216; other receipts, $167 — total,
$31,383. Operating expenses, $35,366 ; taxes, $1,185 — total, $36,551. Deficit, $5,168.
General Balance Sheet, June 30, 1902. — Capital stock ($1,300,000 auth.; $100 shares),
$700,000; funded debt (1st gold 6s of Dec. 1, 1933), $451,000; current liabilities, $9,554 — total,
$1,160,554. Contra: Cost of road and equipment, $1,140,500; materials, etc., $11,436; cash and
current assets, $4,176 ; profit and loss, $4,442 — total, $1,160,554.
Directors. — B. P. Cheney, Charles D. Lanning, Walter L. Frost, Boston, Mass. ; John E. Boal,
H. N. Savage, E. A. Hornbeck, National City, Cal. ; R. C. Allen, Bonita, Cal. OFFICERS : B. P.
CHENEY, Pres., Boston, Mass. ; John E. Boal, Vice-Pres., National City, Cal. ; Charles D. Lanning,
Treas. & Asst. Sec., Boston, Mass. ; E. A. Hornbeck, Sec. & Asst. Treas., National City, Cal. GEN-
ERAL OFFICE, 95 Milk St., Boston, Mass. Operating Office, National City, Cal.
NEVADA-CALIFOBNIA-OBEOON BY. — Projected: Reno, Nov., northerly through
California to eastward of Goose Lake, thence into Oregon, 220 miles. Completed up to June 30,
1902 : Reno, Nev., to Madeline, Cal., 143.84 m. — total track, 150.38 miles. Gauge, 3 ft. Rail (steel,
123.84 m. ), 40 Ibs. Formerly a private road owned by Moran Bros., New York, N. Y., but on Jan. 1,
1893, purchased by the present company, organized March 31, 1888. (See MANUAL for 1894, page
267.) Road opened, Reno, Nev., to Amedee, Cal., 79 m., on Nov. 17, 1890; to Termo, 50.57 m.,
July 1, 1900, and to Madeline, 14.27 m., April 1, 1902. Locomotives, 6. Cars — passenger, 4 ;
combination, 1; baggage, etc., 5; freight (box, 13; flat, 37; stock, 25; water, 1), 76; service, 19 —
total, 105.
Operations, year ending June 30, 1902. — Trains run (passenger, 540; freight, 8,878; mixed,
89,165; other, 8,440), 107,023 miles. Passengers carried, 11,551; carried one mile, 743,800.
Tons freight moved, 40,334; ton-miles, 2,565,949. Earnings (passenger, $33,023; freight, $108,-
643; other, $16,991), $158,657. Operating expenses, $103,579. Net earnings, $55,078; other
receipts, $737 — total, $55,815. Payments : Interest on bonds, $24,961 ; taxes, $5,221 — total,
$30,182. Surplus, $25,633 ; surplus forward, $44,230 — total, $69,863.
General Balance Sheet, June 30, 1902. — Capital stock ($1,450,000 common and $750,000
preferred ; $100 shares), $2,200,000; funded debt (1st gold 5s of May 1, 1919), $487,000 ; bills pay-
able and loans, $235,887 ; current liabilities, $22,320 ; Interest accrued, $3,750 ; profit and loss,
G?4 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
$69,863 — total, $3.018,820. Contra : Cost of road and equipment, $2,786,508 ; securities owned,
$37,700; materials, etc., $14,291; cash and current assets, $180,321 — total, $3,018,820.
' Directors. — D. Comyn Moran, Amedee D. Moran, New York, N. Y. ; T. F. Dunaway, Robert
L. Fulton, A. H. Manning, Reno, Nev. OFFICERS : D. COMYN MORAN, Pres., New York, N. Y. ;
T F. Dunaway, Vice-Pres. & Mgr,, Reno, Nev. ; Amedee D. Moran, Treas., New York, N. Y. ; Frank
R. Lewis, Sec. & Aud., Reno, Nev. GENERAL OFFICE; Reno, Nev.
NEVADA CENTRAL BB. — Battle Mountain. Nev.. to Austin, Nev., 93.3 m. ; total track
(iron; 35 IDS.), 95.3 miles. Gauge, 3 ft. Reorganization of Nevada Central Ry., chartered Aug.
27, 1879. ( See MANUAL for 1893, page 392. ) Locomotives, 3. Cars — passenger, 3 ; freight ( box,
12; stock, 15; flat, 15; coal, 7), 49; other, 2 — total, 54.
Operations, year ending June 30, 1902. — Trains run (passenger, 492; freight, 186; mixed,
29,203; other, 256), 30,137 miles. Passengers carried, 2,437; carried one mile, 136,096. Tons
freight moved 4,174 ; ton-miles, 349,250. Earnings (passenger, $13,023 ; freight, $25,061 ; other,
S396), $38,480. Operating expenses, $34,458. Net earnings, $4,022. Paid taxes, $2,788. Surplus,
$1,234 ; surplus forward, $4,671— total, $5,905.
General Balance Sheet, June 30, 1902. — Capital stock ($100 shares), $750,000; funded
debt (1st gold 5s of July 2, 1938), $750,000; profit and loss, $5,905 — total, $1,505,905. Contra:
Cost of road and equipment, $1,500,000 ; materials, etc., $176 ; cash and current assets, $5,729 —
total, $1,505,905.
Directors. — John Sherman Hoyt, J. G. Phelps Stokes, Jas. W. McCulloch, I. N. Phelps Stokes.
New York, N. Y. ; S. T. Pearson, J. M. Hiskey, P. R. Terwilliger, Austin, Nev. OFFICERS : J. Q.
PHELPS STOKES, Pres. ; John Sherman Hoyt, Vice-Pres., New York, N. Y. ; S. T. Pearson, Treas.
tt Gen. Mgr.; J. M. Hiskey, Sec. & Aud., Austin, Nev. GENERAL OFFICE, Austin, Nev.
NEVADA COUNTY NABBOW GAUGE BB.— Colfax to Nevada City, Cal., 22.5 m. ;
total track (steel, 20.5 m.), 27.5 miles. Gauge, 3 ft. Rail, 35 Ibs. Chartered April 4, 1874; road
opened as above May 24, 1876. Locomotives, 5. Cars — passenger, 3 ; baggage, etc., 3 ; freight
(box, 22; stock, 4; flat, 36; oil tanks, 2), 64 — total, 70.
Operations* year ending June 30, 1902. — Trains run (passenger, 12,887; mixed, 58,653;
other, 3,452), 74,992 miles. Passengers carried, 59,943; carried one mile, 720,658. Tons freight
moved, 22,638; ton-miles, 450,951. Earnings (passenger, $42,676; freight, $65,642; other,
$6,193), $114,511. Operating expenses, $74,453. Net earnings, $40,058. Payments: Interest on
bonds, $16,800 ; on floating debt, $1,746 ; taxes, $3,638 ; other charges, $5,423 — total, $27,607.
Surplus, $12,451 ; surplus forward, $191,093 — total, $203,544.
General Balance Sheet, June 30, 1902. — Capital stock ($400,000 auth. ; $100 shares),
$250,200 ; funded debt, $238,000 ; current liabilities, $21,065 ; profit and loss, $203,544 — total,
$712,809. Contra : Cost of road and equipment, $671,597 ; materials, etc., $16,320 ; cash and
current assets, $24,680 ; other assets, $212 — total, $712,809.
Funded Debt consists of ($250,000 auth.) 1st mtge. 7 p. c. bonds, interest payable Jan. and
July by the trustee, Wells, Fargo & Co. Bank, San Francisco, Cal. The bonds are payable in yearly
installments increasing from $4,000 in 1902 to $20,000 in 1924, when the last of them will be re-
tired. The amount outstanding on Aug. 15, 1902, was $238,000.
Directors. — Mrs. S. A. Kidder, Peter Johnston Samuel Granger, John Glasson, C. P. Lough-
ridge, J. H. Coughlin, F. G. Beatty, Grass Valley, Cal. OFFICERS : MRS. S. A. KIDDER, Pres.; Peter
Johnston, Vice-Pres.; F. G. Beatty, Sec.; John Glasson, Treas.; C. P. Loughridge, Gen. Mgr.,
Grass Valley, Cal. GENERAL OFFICE, Grass Valley, Cal.
OBEGON AND SOT7THEASTEBN BB. — In operation July 29, 1903 : Cottage Grove
to Red Bridge, Ore., 17 m. ; branches, 2 m. — total, 19 miles. Gauge, 4 ft. 8i in. Rail (steel),
56 Ibs. Locomotives, 2 ; passenger car, 1 ; freight cars, 16. Incorporated under the laws of New
Jersey, April 19, 1902, to build a railroad from Cottage Grove, Ore., to the Bohemia Mining
District, with branches to lumber camps, a total of 38.5 miles. The road was completed as above
in July, 1903. Built in connection with mining and lumber manufacturing interests with which
the company is closely identified.
Financial Statement, July 29, 1903. — Capital stock paid in ($1,000,000 auth.; $100
shares), $800,000. The authorized capital stock consists of $500,000 common stock and .$500,000
cumulative 7 p. c. preferred stock. The preferred stock is subject to redemption at par and
accumulated dividends at any time after three years from date of issue. Funded debt : $250,000
($300,000 auth.) 1st trust gold 5s, dated April 2, 1902, due April 1, 1922, interest April and
Oct. at the office of the trustee, the North American Trust Co., New York, N. Y.
Directors. — George W. Crosby, Atlantic City, N. J. ; Albert Hawkins, North Adams, Mass. ;
G. B. Hengen, New York, N. Y. ; John H. Pearsons, Cottage Grove, Ore. ; K. K. McLaren, Jersey
City, N. J. OFFICERS : GEORGE W. CROSBY, Pres., Atlantic City, N. J. ; Albert Hawkins, Vice-Pres.,
North Adams, Mass. ; G. B. Hengen, Sec. & Treas., New York, N. Y. ; John H. Pearsons, Gen.
Mgr.; A. B. Wood, Chief Eng., Cottage Grove, Ore. PRINCIPAL OFFICE, 1135 Broadway, New
York, N. Y.
PACIFIC AND IDAHO NOBTHEBN BY.— Weiser to Council, Id., 60.03 miles. Ex-
tension under construction from Council to Landore, about 45 miles. Gauge, 4 ft. 8i in. Rail
(steel), 65 Ibs. Locomotives, 2. Cars, 35.
Operations, year ending June 30, 1901 (latest reported). — Earnings (passenger, $19,697;
freight, $26,874; other, $165), $46,736. Operating expenses, $32,027. Net earnings, $14,709.
Payments : Interest on bonds, $35,256 ; taxes, $4,200 ; other charges, $10,250 — total, $49,706.
Deficit for year, $34,997.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock ($100 shares),
$1,574,600; funded debt (details not reported), $1,020,000; current liabilities, $76,792; interest
accrued, $8,500; other liabilities, $10,250 — total, $2,690,142. Contra: Cost of road and equip-
ment, $2,595,205 ; cash and current assets, $25,899 ; materials, etc., $6,455 ; sinking fund, $6,800 ;
profit and loss, $55,783 — total, $2,690,142.
Directors. — Not reported. OFFICERS : LEWIS A. HALL, Pres., New York, N. Y. ; P. P. Shelby,
Vice-Pres. & Gen. Mgr., Weiser, Id.; George Pope, Sec.; H. B. Pierce, Treas., New York, N. Y. ;
A. Hermany, Aud., Weiser, Id. GENERAL OFFICE, Weiser, Id. New York Office, 52 Broadway, Man-
hattan.
PACIFIC LTJMBEB CO.'S BB. — Alton, Cal., to end of track, 17 miles. Chartered and
road opened, Feb. 26, 1869. Used for the business of the Pacific Lumber Co. Locomotives, 3.
Cars — passenger, 3; baggage, etc., 1; freight (box, 6; flat, 37; timber, 118), 161 — total cars, 165.
POOR'S MANUAL OF RAILROADS. 675
Operations, year ending June 30, 1902 (7.90 miles). — Earnings (passenger, $5,548; freight,
$2,934), $8,482. Operating expenses, $6,732. Net earnings, $1,750.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock, $700,000; funded
debt (1st 6s of 1903), $500,000 ; bills payable, $130,000 ; other accounts, $53,000 ; profit and loss,
$346000 — total, $1,729,000. Contra: Cost of road, $275,000; equipment, $80,000; real estate
and buildings, $1,000,000 ; other assets, $374,000— total, $1,729,000.
Directors. — Hiram C. Smith, B. S. Pillsbury, H. D. Pillsbury, R. P. Morrow, L. L. Long, San
Francisco, Cal. OFFICERS: HIRAM C. SMITH, Pres.; E. S. Pillsbury, Vice-Pres.; L. L. Long, Sec.,
San Francisco, Cal. GENERAL OFFICE, 308 Rialto Bldg., San Francisco, Cal.
PAJARO VALLEY CONSOLIDATED RR. — Watsonville to Spreckels, Cal., 27.2 m. ;
Spreckels Junction to Alisal, Cal., 5.7 m. ; total track (steel; 45 Ibs.), 32.9 miles. Gauge, 3 ft.
Organized as Pajaro Valley RR. Co., Dec. 31, 1890 ; road opened from Watsonville to Salinas, 23.7
m in 1895 • extension to Spreckels built and name of company changed in 1898. Locomotives, 7.
Cars — passenger, 1; freight (box, 26; flat, 15; beet, 140; dump, 100), 281 — total, 282.
Operations, year ending June 30, 1902. — Earnings (passenger, $1,613; freight, $96,546;
other, $622), $98,781. Operating expenses, $66,006. Net earnings, $32,775. Payments: Taxes,
$3,347 ; other charges, $1,042 — total, $4,389. Surplus, $28,386 ; surplus forward, $105,983 —
total, $134,369.
General Balance Sheet, June 30, 1902. — Capital stock ($1,100,000 auth. ; $100 shares),
$360,000 ; other liabilities, $20,000 ; profit and loss, $134,369 — total, $514,369. Contra : Cost of
road, $336,611; equipment, $149,119; cash and current assets, $28,639 — total, $514,369.
Directors (elected Jan. 26, 1903). — John D. Spreckels, A. B. Spreckels, Wm. Alvord, A. F.
Morrison, W. H. Hannam, San Francisco, Cal. OFFICERS: JOHN D. SPRECKELS, Pres.; A. B.
Spreckels, Vice-Pres. & Treas.; W. H. Hannam, Sec., San Francisco, Cal. GENERAL OFFICE, 327
Market St., San Francisco, Cal.
POUT ANGELES PACIFIC RR. — Completed to July 15, 1903: Port Angeles to Dry
Creek, Cal., 6 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Locomotives, 1; cars, 20. The
road is being built under contract by the Smith-Mastick Construction Co., the contractors receiv-
ing the contract price in stock and bonds of the company, which are deliverable upon the com-
pletion of each 5-mile section. It is intended to connect Port Angeles with some point between
there and Gray's Harbor, and to connect ultimately with some through line. Capital stock paid
in ($2,500,000 auth.; $100 shares), $310,500. Bonds are authorized to the amount of $20,000
per mile, but none have yet been issued. Cost of road to date, $80,000. Estimated cost of road to
completion, $2,000,000.
Directors. — Norman R. Smith, J. W. S. Clarke, James Stewart, C. B. Mastick, Port Angeles,
Cal.; H. G. Horstman, Cincinnati, O. OFFICERS: NORMAN R. SMITH, Pres.; J. W. S. Clarke,
Vice-Pres., Port Angeles, Cal. ; H. G. Horstman, Sec. & Treas., Cincinnati, O. ; Wm. Kartell, Supt.,
Port Angeles, Cal. GENERAL OFFICE, Port Angeles, Cal.
RANDSBURG RR,— Kramer to Johannesburg, Cal., 30 m. ; trackage, A., T. & S. F. RR.
Barstow to Kramer, Cal., 33 m. — total operated, 63 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs.
Chartered May 22, 1897; road opened Jan. 17, 1898. Locomotives, 2. Car (passenger), 1.
Operations, year ending June 30, 1902. — Earnings ( passenger, $13,1'83 ; freight, $37,738),
$50,921. Operating expenses, $23,235. Net earnings, $27,686 ; total deductions, $17,558 ; surplus
for year, $10,128.
Financial Statement, June 30, 1900 (latest rendered). — Capital stock ($100 shares), $540,-
000; funded debt (1st mtge. 6s of July 1, 1917), $300,000 — total, representing cost of road,
S840.000.
Directors. — E. Van Etten, New York, N. Y. ; J. N. Beckley, Rochester, N. Y. ; C. M. Warner,
Syracuse, N. Y. ; J. M. Burnett, C. E. Crowley, Phosnix, Ariz. ; E. H. Stagg, Johannesburg, Cal. ;
Chas. Wier, Jno. Singleton, Walter Rose, Los Angeles, Cal. OFFICERS : E. VAN ETTEN, Pres., New
York, N. Y. ; E. H. Stagg, Vice-Pres. & Gen. Mgr., Johannesburg, Cal. ; Jno. Singleton, Sec., Los
Angeles, Cal. ; C. M. Warner, Treas., Syracuse, N. Y. GENERAL OFFICE, Johannesburg, Cal.
ROGUE RIVER VALLEY RY. — Medford to Jacksonville, Ore., 6 m. ; total track (steel,
6 m. ; 26 Ibs.), 6.25 miles. Gauge, 4 ft 8J in. Chartered Feb. 4, 1891 ; road opened Feb. 12, 1891.
Locomotives, 2. Cars— passenger, 1; baggage, etc., 1 ; freight (box, 1; flat, 1), 2; other, 2 — total,
6. Capital stock ($100 shares), $200,000. Cost of property, $61,000.
Operations, year ending June 30, 1902. — Trains run (mixed), 9,201 miles; passengers carried,
14,651; tons freight moved, 6,912; earnings (passenger, $3,653; freight, $2,909; other, $554),
$7,116 ; operating expenses, $1,376 ; net earnings, $5,740.
Directors. — W. S. Barnum, John C. Barnum, W. H. Barnum, Jacksonville, Ore. OFFICERS :
W. S. BARNUM, Pres.; W. H. Barnum, Vice-Pres. & Treas.; John C. Barnum, Sec., Jacksonville, Ore.
GENERAL OFFICE, Jacksonville, Ore.
1 SALEM, FALLS CITY AND WESTERN RY.— Projected : Salem, Ore., to Pacific
Ocean, 65 miles. Completed to July 23, 1903 : Dallas to Falls City, Ore., 9.5 miles. Gauge,
4 ft. 8| in. Rail (steel, 1.5 m.), 56 Ibs. Locomotive, 1; combination car, 1; freight cars, 7;
other cars, 6. Chartered Oct. 22, 1901 ; road completed to Falls City in July, 1903. Used mainly
as a lumber road.
Financial Statement, July 23, 1903. — Capital stock ($100 shares, full paid), $100,000.
Funded debt, $90,000 ($10,000 per mile auth.), 1st mtge. 5 p. c. 20-yr. gold bonds, due May 1,
1923, interest May and Nov., at the office of the trustee, the Security Savings and Trust Co.,
Portland, Ore.
Directors. — L. Gerlinger, George T. Gerlinger, Portland, Ore.; L. Gerlinger, Jr., Dallas, Ore.
OFFICERS : L. GERLINGER, Pres., Portland, Ore. ; L. Gerlinger, Jr., Vice-Pres., Supt. & Purch. Agt.,
Dallas, Ore. ; George T. Gerlinger, Sec. <t Treas., Portland, Ore. ; J .W. Coovert, Chief Eng., Dal-
las. Ore. GENERAL OFFICE, Portland, Ore.
SALT LAKE AND LOS ANGELES RY.— Salt Lake City to Saltair, Utah, 15 m. ; total
track (steel; 60 Ibs.), 17 miles. Gauge, 4 ft. 8* in. Chartered Sept. 25, 1891 ; road opened in Feb.,
1892. Locomotives, 2. Cars — passenger, 16; freight (box, 6; flat, 2), 8; tank, 1 — total, 25.
Operations, year ending June 30, 1902. — Trains run (passenger, 18,964; freight, 7,600),
26,564 miles. Passengers carried, 166,870; carried one mile, 5,006,100. Tons freight moved,
29,027; ton-miles, 435,425. Earnings (passenger, $46,828; freight, $15,245), $62,073. Operating
expenses, $37,644. Net earnings, $24,429 ; other receipts, $6,023 — total, $30,452. Payments :
Interest on bonds, $18,000; taxes, $2,252; dividends (2 p. c.), $6,000 — total, $26,252. Surplus,
$4,200 ; surplus forward, $1,401 — total, $5,601.
676 POOR'S MANUAL OF RAILROADS PACIFIC GROUP.
General Balance Sheet* June 30, 1902. — Capital stock ($100 shares), $300,000; funded
debt (1st gold 6s of Jan. 1, 1913), $300,000; current liabilities, $1,563; interest accrued, $93,725;
total, $695,288. Contra : Cost of road and equipment, $438,349 ; due on account of stock, $150,000 ;
materials, etc., $2,uOO ; cash and current assets, $93,818 ; other assets, $5,520 ; profit and loss,
$5,601 — total. $695,288.
Directors. — Joseph F. Smith, James Jack, John R. Winder, L. John Nuttall, N. W. Clayton,
Salt Lake City, Utah. OFFICERS: JOSEPH F. SMITH, Pres. ; James Jack, Vice-Pres.; W. McMillan,
dec. <t Treas.; J. E. Langford, Gen. Mgr., Salt Lake City, Utah. GENERAL OFFICE, Salt Lake City.
Utah.
SALT T.ATfR AND MEBCUB BB. — Fairfleld to Mercur, Utah, 12.69 m. ; switches and
spurs, 0.37 mile. Gauge, 4 ft. 8J in. Rail (steel), 40 and 45 Ibs. Chartered Aug. 17, 1894; road
opened Jan. 20, 1895. Locomotives, 3. Cars — passenger, 3 ; freight, 10 — total, 13. Capital stock
($5 shares), $300,000. Funded debt, $300,000 1st mtge. 5 p. c. gold bonds.
Operations, year ending Dec. 31, 1902. — Earnings (passenger, $7,902 ; freight, $68,885 ; other,
$2,266), $79,053. Operating expenses, $50,088; taxes. $1.734 — total. $51.822. Net earnings,
$27,231.
Directors. — L. L. Nunn, Telluride, Col.; J. G. Jacobs, E. H. Airis, John Dern, H. W. Brown,
Salt Lake City, Utah. OFFICERS : L. L. NUNN, Pres., Telluride, Col. ; J. G. Jacobs, Vice-Prcs. & Gen.
Mfir.; E. H. Airis, Treas.; J. J. Stewart, Sec., Salt Lake City, Utah. GENERAL OFFICE, Salt Lake
City, Utah.
SAN DIEGO, CUYAMACA AND EASTEBN BY.— San Diego to Foster, Cal., 25.37
m. ; total track, 27.59 miles. Gauge, 4 ft. 8i in. Rail (steel, 26.81 m.), 52, 56, and 60 Ibs.
Chartered March 6, 1888 ; road opened to Lakeside, April 1, 1889 ; to Foster, Feb. 13, 1890. Loco-
motives, 3. Cars — passenger, 5; freight (box, 20; flat, 50; coal, 4), 74— total, 79.
Operations, year ending June 30, 1902. — Trains run (passenger, 14,559; freight, 9,850;
mixed, 21,037; other, 703), 46,149 miles. Passengers carried, 44,524; carried one mile, 764,973.
Tons freight moved, 32,925; ton-miles, 590,890. Earnings (passenger, $15,590; freight, $34,997;
other, $1,612), $52,199. Operating expenses, $46,925. Net earnings, $5,274 ; other receipts, $182 —
total, $5,456. Payments : Interest on bonds, $33,000 ; taxes, $1,351 ; other charges, $249 — total,
$34,600. Deficit, $29,144 ; deficit forward, $398,271 — total, $427,415.
General Balance Sheet, June 30, 1902. — Capital stock ($7,000,000 auth. ; $100 shares),
$769,000; funded debt (1st 6s of July 1, 1918), $550,000; current liabilities, $460,601 — total,
$1,779,601. Contra : Cost of road and equipment, $1,344,680 ; securities owned, $220 ; materials,
etc., $860 ; cash and current assets, $6,426 ; profit and loss, $427,415 — total, $1,779,601.
Directors. — E. S. Babcock, A. E. Babcock, Coronado, Cal. ; George J. Leovey, Los Angeles,
Cal. ; Levi Chase, E. C. Hickman, San Diego, Cal. ; John E. Boal, National City, Cal. ; J. S.
Waterman, Brooklyn, N. Y. OFFICERS : E. S. BABCOCK, Pres., Coronado, Cal. ; Levi Chase, Vice-
Pres.; E. A. Hornbeck, Gen. Mgr., San Diego, Cal. ; George J. Leovey, Sec. & Treas., Los Angeles,
Cal. ; J. F. Lamond, Aud., San Diego, Cal. GENERAL OFFICE, San Diego, Cal.
SAN DIEGO, PACIFIC BEACH AND LA JOLLA BY. — San Diego to La Jolla, Cal.,
13.54 m. ; total track (steel; 30 to 40 Ibs.), 15.03 miles. Gauge, 4 ft. 81 in. Incorp. April, 1894.
Includes the tracks of the San Diego, Old Town and Pacific Beach Ry., of which this road is an
extension. Although the companies were never consolidated, the two roads are operated as one line,
the stock in both belonging to the same persons, except that held by directors. Locomotives (motor
engines), 2. Cars — passenger, 6; combination, 2; freight (box, 1 ; flat, 6), 7 — total, 15.
Operations, year ending June 30, 1902. — Earnings (passenger, $12,250; freight, $3,122),
$15,372 ; other income, $12 — total, $15,384. Operating expenses, $16,122 ; taxes, $1,101 — total,
$17,223. Deficit for year, $1,839.
Financial Statement, June 30, 1902. — Capital stock ($275,000 auth.; $100 shares), paid in,
$188,345. Contra : Cost of road and equipment, $191,022 ; materials, etc., $2,698 ; cash and current
assets, $660 — total, $194,380.
Directors. — Graham E. Babcock, Chas. T. Hinde, Jos. A. Flint, G. B. Grow, San Diego, Cal. ;
E. S. Babcock, Coronado, Cal. OFFICERS: GRAHAM E. BABCOCK, Pres.; Chas. T. Hinde, Vice-Pres.;
Jos. A. Flint, Sec., San Diego, Cal. GENERAL OFFICE, San Diego, Cal.
SAN PEDBO, LOS ANGELES AND SALT T.ATCTg BB. — East San Pedro to Hartwell,
Cal., 40.8 m. ; Glendale June, to Verdugo, Cal., 7.1 m. ; Hartwell to Millard, Cal., 1.5 m. — total,
49.4 m. ; total track (steel; 56 and 75 Ibs.), 69.39 miles. Gauge, 4 ft. 81 in. Chartered March 20,
1901, to build a railroad from Los Angeles, Cal., to Salt Lake City, Utah. The railroad as above
was purchased from the Los Angeles Terminal Ry. Co., in April, 1901. Locomotives, 14. Cars —
passenger, 42 ; baggage, mail and express, 3 ; freight (box, 134 ; stock, 1 ; flat, 326 ; tank, 6), 467 ;
service, 59 — total, 571.
The company has contracted to purchase that portion of the Oregon Short Line RR. which
lies south of Salt Lake City, extending through Utah to Calientes, Nev., including the Leamington
cut-off, and will construct a new line from Calientes, Nev.. to Daggett, Cal., connecting there with
the Atchison, Topeka and Santa Fe System. An issue of $50,000,000 4 p. c. gold bonds has been
authorized, of which $40,000,000 will be issued at once to pay for the Short Line properties and to
reimburse advances for the purchase and reconstruction of the Los Angeles Terminal Ry. properties
and for the construction of a new line from Los Angeles to Riverhead ; the remaining $10,000,000
will be held in the treasury of the company to be used for future expansions and improvements.
Operations, year ending June 30, 1902. — Trains run (passenger, 134,119; freight, 19,915;
other, 68,557), 222,591 miles. Passengers carried, 529,705; carried one mile, 10,928,986. Tons
freight moved, 205,711; ton-miles, 4,263,093. Earnings (passenger, $93,852; freight, $158,857;
other, $3,460), $256,169. Operating expenses, $178,447. Net earnings, $77,722; other receipts,
$12,191 — total, $89,913. Paid taxes, $10,185. Surplus, $79,728; surplus forward ($12,894; less
deductions during year, $95), $12,799 — total, $92,527.
General Balance Sheet. June 30, 1902. — Capital stock paid in ($25,000,000 auth.; $100
shares), $2,501,600; funded debt, $2,500,000; due Empire Construction Co., $1,041,519; current
liabilities, $47,902; profit and loss, $92,527 — total, $6,183,548. Contra: Cost of road and equip-
ment, $6,059,121 ; materials, etc., $43,745 ; cash and current assets, $80,682 — total, $6,183,548.
Funded Debt. — There were no bonds actually issued at the date of the balance sheet, but
$2,500,000 were to be issued in part payment of the purchase price of the Los Angeles Terminal RR.
property.
Directors. — W. A. Clark, Butte, Mont. ; R. C. Kerens, St. Louis, Mo. ; J. Ross Clark, T. E. Gib-
bon, T. F. Miller, F. K. Rule, Ross W. Smith, Los Angeles, Cal. ; W. S. McCornick, Thomas Reams,
POOR'S MANUAL OF RAILROADS. 677
Reed Smoot, Salt Lake City, Utah ; E. W. Clark, Ophtr, Utah ; Perry S. Heath, Muncie, Ind.
OFFICERS : W. A. CLARK, Pres., Butte, Mont. ; R. C. Kerens, 1st Vice-Pres., St. Louis, Mo. ; J. Ross
Clark, 2d Vice-Pres.; T. E. Gibbon, 3d Vice-Pres. ; H. S. McKee, Trees.; T. F. Miller, Sec.; P. K.
Rule, Aud., Los Angeles, Cal. PRINCIPAL OFFICE, Los Angeles, Cal.
SAN PETE VALLEY BY. — Nephi to Morrison, Utah, 50.5 m. ; Nebo June, to Cooper,
6 m. — total, 56.5 m. ; total track, 57.75 miles. Gauge, 4 ft. 8J in. Rail (steel, 25.25 m.), 52 Ibs.
Chartered in 1873 ; road completed as above in the fall of 1894. Company reorganized in 1893
(see MANUAL for 1894, page 270). The gauge was widened to the standard in July, 1896. Loco-
motives, 4. Cars — passenger, 1 ; baggage, etc., 1 ; freight (box, 20 ; stock, 6 ; flat, 20 ; coal, 10),
56 — total, 58.
Operations, year ending June 30, 1902. — Earnings (passenger, $8,234; freight, $11,857),
$20,091. Operating expenses, $25,417. Deficit from operations, $5,326. Charges, $35,494. Deficit
for year, $40,820.
Financial Statement, July 1, 1901 (latest rendered). — Capital stock ($100 shares), $510,-
000. Funded debt ($510,000 1st 4s of Jan. 1, 1923 ; $250,000 2d 4s of 1921 ; $55,000 4s of Jan. 1,
1923), $815.000. Total stock and bonds, $1,325,000.
Directors, — Theodore Bruback, John J. Daly, Chas. C. Dey, Salt Lake City, Utah ; H. S. Kerr,
Manti, Utah; Charles Morrison, London, Eng. OFFICERS: THEODORE BRUBACK, Pres. & Gen. Mgr.;
U. U. Hiskey, Sec., Treas. & Aud., Salt Lake City, Utah; H. S. Kerr, Gen. Supt., Manti, Utah.
GENERAL OFFICE, Salt Lake City, Utah.
SEATTLE AND SAN FRANCISCO BY. AND NAVIGATION CO.-Projected : Seattle
to Palmer, Wash., 35 miles. In operation July 1, 1902 : Seattle to West Seattle, Wash., 4 m. ;
Seattle to South Seattle, Wash., 5 m. — total, 9 miles. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs.
Chartered March 27, 1899, for the purpose of building and operating a railroad from its coal fields
near Palmer, Wash., to the City of Seattle, and to operate steamship lines carrying coal and freight
from Seattle to San Francisco, Honolulu, Alaska, and other Pacific points. The line is operated
between South Seattle and Leary, about 35 miles, under a perpetual joint contract between the
Northern Pacific Ry. Co. and this company, and a like contract exists between this company and the
Northern Pacific Ry. Co. from South Seattle to Seattle. The company owns and is operating valu-
able and extensive coal fields near Palmer. In Oct., 1899, the company purchased the property of
the Seattle Warehouse and Terminal Co., consisting of docks and warehouses at West Seattle, and 4
miles of railroad track between West Seattle and Seattle, on the shores of Puget Sound and Elliott
Bay. The company operates tracks along the waterways of Puget Sound and Elliott Bay of about 8
miles, and owns in fee several large tracts of water front.
Financial Statement, June 30, 1902. — Capital stock authorized, $3,000,000. Funded debt,
$981,000 ($1,500,000 auth.) 1st 5s of April 1, 1939. The remaining $519,000 of bonds are reserved
for extensions and improvements and for the purchase of vessels.
Directors. — James D. Hoge, Jr., John S. Dovey, W. E. Guerin. OFFICERS : W. E. GUERIN,
Pres.; John S. Dovey, Vice-Pres. & Treas.; R. F. Guerin, Sec. GENERAL OFFICE, Seattle, Wash.
SIERRA RY. OF CALIFORNIA. — Oakdale to Tuolumne, Cal., 56.3 m. ; Jamestown
towards Angels, 15.4 m. — total, 71.7 m. ; total track (steel ; 40 Ibs.), 79.8 miles. Gauge, 4 ft. 8i in.
Chartered Feb. 1, 1897 ; road opened to Tuolumne, Cal., Feb. 1, 1900. An extension from James-
town to Angels, 15.4 miles, was put in operation Sept. 15, 1902. Locomotives, 6. Cars — passenger,
1; baggage, etc., 2; freight (box, 12; flat, 80; stock, 1), 93; service, 5 — total cars, 101.
Operations, year ending June 30, 1902. — Trains run ( freight, 18,420 ; mixed, 41,245 ; other,
18,250), 77,915 miles. Passengers carried, 40,596; carried one mile, 1,440,184. Tons freight
moved, 62,042; ton-miles, 2,624,376. Earnings (passenger, $84,014; freight, $165,018; other,
$12,782), $261,814. Operating expenses, $111,035. Net earnings, $150,779. Payments: Interest
on bonds, $63,809 ; other interest, $7,525 ; taxes, $5,039 — total, $76,373. Surplus, $74,405 ; sur-
plus forward ($157,066 ; less deductions during year, $1,169), $155,897 — total, $230,302.
General Balance Sheet, June 30, 1902. — Capital stock ($5,000,000 auth.; $100 shares),
$2,780,000 ; funded debt, $2,385,000 ; bills payable, $92,255 ; current liabilities, $19,493 ; interest
accrued, $15,369 ; taxes accrued, $893 ; profit and loss, $230,302 — total, $5,523,312. Contra :
Cost of road and equipment, $5,485,802 ; materials, etc., $12,500 ; cash and current assets, $19,446 ;
sinking fund, $5,564 — total, $5,523,312.
Funded Debt outstanding June 30, 1902, consisted of $1,188,000 ($1,197,000 auth.) 1st 6s of
April 12, 1937 ; and $1,197,000 income 6s of April 12. 1937. Additional particulars will be found
in the Ready Reference Bond List (see General Index).
Directors, A. Poniatowski, Wm. H. Crocker, Samuel Sussman, S. D. Woods, W. F. Pierce,
Wm. Angus, San Francisco, Cal. ; S. D. Freshman, Jamestown, Cal. OFFICERS : A. PONIATOWSKI,
Pres.; Wm. H. Crocker, Vice-Prey., San Francisco, Cal. ; S. D. Freshman, Sec. & Treas., James-
t^wn, Cal. GENERAL OFFICE, Crocker Bldg., San Francisco, Cal.
STJMPTER VALLEY RY.— Baker City to Whitney, Ore., 46 m. ; spurs, 5 m. — total, 51
m. ; total track, 56 miles. Gauge, 3 ft. Rail (steel), 40 Ibs. Chartered Aug. 15, 1890; road
opened from Baker City to McEwen, Oct. 1, 1891 ; completed as above June 1, 1901. Locomotives,
14. Cars — passenger, 12; baggage, etc., 4; freight (box, 100; flat, 200; stock, 25), 325 —
total, 341.
Operations. — Not reported ; for latest statement, see MANUAL for 1900, page 652.
Financial Statement, March 1, 1903. — Capital stock ($1,500,000 auth.; $100 shares), $460,-
000; funded debt (1st gold 6s of 1911), $180,000 — total stock and bonds, $640,000. Contra: Cost
of road and equipment, $597,386.
Directors.— David Eccles, Thos. D. Dee, Ogden, Utah; J. M. G. Geddes, F. M. Shurtliff, Baker
City, Ore. ; William Eccles, Hood River, Ore. OFFICERS: DAVID ECCLES, Pres., Ogden, Utah; Wm.
Eccles, Vice-Pres.; Joseph A. West, Sec., Baker City, Ore. GENERAL OFFICE, Baker City, Ore.
TACOMA EASTERN RR. CO.— Tacoma, Wash., southeast main line, 32.6 miles;
branches, 5.7 miles; total track, 38.3 miles. Gauge, 4 ft. 8* in. Rail (steel), 60 Ibs. Chartered
July 14, 1890. Road under construction. Locomotives, 6". Cars — passenger, 4 ; freight (flat,
175: box, 4), 179; service, 14 — total, 197.
General Balance Sheet, April 30, 1903. — Capital stock ($750,000 preferred, $750,000 com-
mon), $1,500,000. Funded debt (1st gold 5s of 1923; Illinois Trust and Savings Bank of
Chicago, trustee), $364,000; floating debt bills payable, $36,460: accounts payable, $48,620;
surplus, $15,014 — total, $1,964,094. Contra: General construction account and franchises
$1,732,488; equipment, $151,810; material, $16,634; accounts receivable, $14,134; cash on
$49,029— total, $1,964.094.
678 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
Directors. — W. M. Ladd, Chas. E. Ladd, Edward Cookingbam, Portland, Ore. ; John Bagley,
R. B. Smith, L. J. Pentecost, E. M. Hayden, Tacoraa, Wash. OFFICERS : EDWARD COOKINGHAM,
Prea., Portland, Ore. ; John Bagley, Vice-Pres. & Gen. Mgr. ; E. M. Hayden, Sec. ; L. J. Pente-
cost, Treos.; J. G. Dickson, And., Tacoma, Wash. GENERAL OFFICES, Tacoma, Wash.
UNITED VERDE AND PACIFIC KY. — Jerome June, to Jerome, Ariz., 25.80 m. ; total
track (steel ; 45 IDS.), 27.85 miles. Gauge, 3 ft. Chartered March 20, 1894 ; road opened Dec. 31,
1894. Locomotives, 4. Cars — passenger, 3; freight (box, 7; flPt, 25; stock, 19; coal, 23), 74;
tank, 1 ; other, 4 — total, 82.
Operations, year ending June 30, 1902. — Earnings (passenger, $22,781; freight, $231,144;
other, $2,324), $256,249. Operating expenses, $111,688. Net earnings, $144,561; other Income,
$9,664 — total, $154,225. Deductions (including dividends, $30,000), $144,783. Surplus for year,
$9,442.
(General Balance Sheet. June 30, 1901 (latest rendered). — Capital stock ($100 shares),
$300,000; funded debt (1st 6s of Jan. 1, 1920), $300,000; current liabilities, $19,138; profit and
loss, $313,281 — total, $932,419. Contra : Cost of road and equipment, $600,000 ; securities owned,
$239,259 ; cash and current assets, $93,160 — total, $932,419.
Directors. — Win. A. Clark, James A. Macdonald, Charles W. Clark, New York, N. Y. ; Joseph
L. Giroux, H. J. Allen, Jerome, Ariz. OFFICERS: WM. A. CLARK, Pres. ; James A. Macdonald, 1st
Vice-Pres. £ Treoa., New York, N. Y. ; Joseph L. Giroux, 2d Vice-Pres. & Gen. Mgr., Jerome, Ariz. ;
Charles W. Clark, Sec., New York, N. Y. GENERAL OFFICE, 43 Cedar St., New York, N. Y.
VIRGINIA AND TBUCKEE RE,.— Reno to Virginia, Nev., 52.20 m. ; total track (steel;
56 Ibs.), 75.47 miles. Gauge, 4 ft. 8J in. Chartered Feb. 11, 1869; road opened Jan. 1, 1870.
Locomotives, 13. Cars — passenger, 12; baggage and express, 4; freight (box, 7; ore, 103; flat,
145), 255; tank, 2 — total cars, 273.
Operations, year ending June 30, 1902. — Earnings (passenger, $81,154; freight, $166,862;
other, $831), $241,847. Operating expenses, $154,667. Net earnings, $94,180. Deductions (in-
cluding dividends, $75,000), $89,933. Surplus for year, $4,247.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock, $5,000,000; cur-
rent liabilities, $19,110 — total, $5,019,110. Contra: Cost of road and equipment, $4,625,671;
materials, etc., $110,992 ; cash, $113,068 ; other assets, $169,379 — total, $5,019,110.
Directors. — D. O. Mills, New York, N. Y. ; H. M. Yerington, Geo. T. Mills, E. B. Yerington, A.
M. Ardery, Carson, Nev. ; W. E. Sharon, W. E. F. Deal, J. W. Kckley, Virginia, Nev. ; Jas. New-
lands. Jr., San Francisco, Cal. OFFICERS : D. O. MILLS, Pres., New York, N. Y. ; H. M. Yerington,
Vice-Pres. & Gen. Supt., Carson, Nev. ; Agency Bank of California, Treos., Virginia, Nev. ; E. B.
Yerington, Sec., Carson, Nev. GENERAL OFFICE, Carson, Nev.
YREKA RR. — Montague to Yreka, Cal., 7.5 m. ; total track, 7.9 miles. Gauge, 4 ft. 8i in.
Organized May 28, 1888 ; road opened Jan. 9, 1889. Locomotives, 2. Cars — passenger and bag-
gage, etc., 1; freight (box, 2; flat, 1), 3 — total, 4.
Operations, year ending June 30, 1902. — Earnings (passenger, $10,771; freight, $5,756),
$16,527. Operating expenses, $10,942. Net earnings, $5,585; other receipts, $84 — total, $5,669.
Deductions, $3,114; surplus, $2,555.
General Balance Sheet, June 30, 1901 (latest rendered). — Capital stock ($100,000 auth. ;
$25 shares), $49,537; funded debt (no details furnished), $45,000; assessment May, 1890 $8,990;
current liabilities, $1,695 ; profit and loss, $17,284 — total, $122,506. Contra : Cost of road and
equipment, $119,007; cash and current assets, $3,499 — total, $122,506.
Directors. — J. Churchill, H. B. Gillis, Charles Tunker, J. M. Walbridge, M. Renner, Yreka,
Cal. OFFICERS: J. CHURCHILL, Pres. & Gen. Mgr.; J. M. Walbridge, Vice-Pres. ; Siskiyou County
Bank, Treos.; T. E. Wadsworth, Sec., Yreka, Cal. GENERAL OFFICE, Yreka, Cal.
POOR'S BUREAU
OF
INFORMATION AND INVESTIGATION
Conducted in connection with and as an adjunct to
POOR'S MANUAL OF RAILROADS
Address
JOHN P. MEANY, Manager, 68 William Street, New York,N.Y.
RETURNS RECEIVED TOO LATE FOR
CLASSIFICATION.
LEHIGH VALLEY RAILROAD COMPANY.
(For map of system, sec page 681.)
INDEX TO THIS STATEMENT — R^FKREXCES TO NUMBERS OF SECTIONS.
Advances to Subsidiary Cos. 21 Gen. Balance Sheet, 1896-1902 19 Leased Lines, Statements of. 26
Capital Stock, Description of. 16 Guaranteed Int. & Dividends 12 Mileage Operated 1
Directors and Officers 2S History 2 Mileage, Capitalization, etc.,
Dividends Received 7 Inc. Acct, Year 1901-1902.. 5, 14 of Subsidiary Lines 23
Earnings and Expenses 5 Income from Stocks Owned. 7 Operations, Years 1901 & 1902 13
Equip. Trust Obligations... IS Income from Bonds Owned .. 8 Rolling Stock, Details of 3
Financial Operations, 1902. 22 Interest on Funded Debt 10 Securities Owned, Statem't of 20
Floating Equip., Details of. 4 Interest Paid on Equipment Subsidiary Cos., Statements
Funded Debt, Details of 17 Trusts, Details of 11 for 24-27
General Balance Sheet 15 Leased Lines, Rentals of 32 Valuation of Equipment 6
1. Mileage, June 30, 1902. — A. OWNED ABSOLUTELY (total, 318.03 miles).
Main Line : Phillipsburg, N. J., to Wilkesbarre, Pa 98.94 miles.
Main Line Branches 16.33
Mahanoy and Hazleton Division: Main Line and Main Branches 110.88
Various small branches to Breakers, etc 61.63
Mountain Cut-off: Fairview to Avoca, Pa 17.17
Wifomhn/ Division Branches 11.83
Brandt: of Bowman's Creek Branch 0.95
B. ENTIRE CAPITAL STOCK OWNED (total, 662.27 miles).
Lehigh Valley Terminal Ry.. 27.11 miles. Brought forward 115.07
Greenville and Hudson Ry... 1.88 ' Lehigh Valley Ry 280.86
Jersey City Belt Line Ry... 0.89 ' Rochester Southern RR 29.67
Easton and Amboy RR 69.61 Depew and Tonawanda RR. . . 10.56
Perth Amboy & Raritan Ry. 6.16 Elmira, Cort. & Northern RR. 139.14
Pittstown Branch Ry 4.02 Middlesex Valley RR 29.43
Middlesex Ry 0.34 Seneca County Ry 8.20
Waverly and State Line RR. 0.41 Loyalsock RR 35.28
Easton and Northern RR. . . 4.65 Wilkesb. & Harvey's Lake RR. 14.06 "
O. MAJORITY or CAPITAL STOCK OWNED (total, 325.28 miles).
Schuylkill and Lehigh Valley RR.: Lizard Creek June, to Blackwood, Pa.. . 41.69 "
Pennsylvania and New York RR. (see appended statement, Sec. 25) 141.00
Montrose Ry.: Tunkhannock to Montrose, Pa. (narrow gauge) 27.22
Lehigh and New York RR.: Pa. State Line to North Fair Haven, N. Y 115.37
D. LEASED LINES (total, 27.88 miles).
State Line and Sullivan RR. : Monroeton to Bernice, Pa 24.06 "
Hayts Corners, Ovid and Willard RR.: Hayts Corners to Willard, N. Y. . . 3.82 "
E. TRACKAGE RIGHTS (total, 49.37 miles).
Pennsylvania RR.: Spring Garden Junction to Pottsville, Pa 4.20 "
Pennsylvania RR. : West Newark June, to Jersey City, N. J 9.40 "
Philadelphia and Erie RR.: New Boston June, to Pottsville, Pa 10.90
Central RR. of N. J. : Sandy Run June, to Crellin June., Pa 5.91
Barclay RR. : Barclay Junction to Monroeton, Pa 4.00
N. Y. C. & H. R. RR. : Tonawanda June, to Suspension Bridge, N. Y 14,96 "
Total length of lines operated, June 30, 1902 1,382.83 miles.
F. OWNED BUT NOT OPERATED (total, 16.77 miles).
Easton and Northern RR. : Easton to Belfast, Pa 8.14 "
National Docks Ry. : Jersey City to Bayonne, N. J 8.63 - "
Total mileage of the system, June 30, 1902 1,399.60 miles.
Gauge, 4 ft. 8y2 in. Rail — iron, 58 and 66 Ibs.; steel, 58, 66, 67, 70, 76, 80, 90, and
100 Ibs.
679
680 POOR'S MANUAL RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Statement showing the mileage of track owned, leased, and operated, and the length
of same laid with steel rails, June 30, 1902:
First
Track
Second
Track
Third
Track
Yard
Tracks &
Sidings
Total
Tracks
Steel
Rail
Owned Absolutely or Entire Stock Owned .
Controlled by Ownership of Majority of Stock . . .
Controlled by Leases
-V.
980.295
325.282
27.878
M.
444.784
98.087
M.
18.356
.615
M.
726.435
194.418
5.729
M.
2,169.870
618.402
33 607
M.
2,134.210
570.422
33607
49 370
22.200
71 570
71 570
8 137
2.754
10 891
10 891
National Docks Ry. . ...
8 638
7.965
13.160
29 763
29 763
Totals
1,399.600
573.036
18.971
942.496
2,934.103
2,850.463
2. History. — Chartered as the Delaware, Lehigh, Schuylkill and Susquehanna RR.
Co., September 20, 1847; under existing title, January 7, 1853. (See MANUAL for
1899, page 130.) The National Docks Ry. and the terminals and warehouses of the
National Storage Co. were purchased on December 8, 1899, the company assuming $5,000,-
000 of trust certificates of the latter company. The National Docks Ry. is oper-
ated separately. The Easton and Northern RR., 12.78 miles in length, is owned by this
company, but a section of it 8.14 miles in length is leased to the Bangor and Portland
Ry. Co.
On May 7, 1902, the company acquired the entire capital stock, of the par value
of $300,000, of the Righter Coal Co., operating the Mount Carmel Colliery, at Mount
Carmel, Pa., and issued in partial payment for it purchase-money bonds to the amount
of $270,000.
3. Rolling Stock, June 30, 1902. — Locomotives, 780. Cars — passenger, 241 ; chair,
5; dining, 4; caf6, 3; combination, 70; baggage, mail, express, and postal, 79; fruit,
11; milk, 56; freight (box, 17,544; poultry, 25; stock, 141; lime, 1; bark, 24; flat, 300;
gondola, 1,720; refrigerator, 94; produce, 765; furniture, 2; coal, 13,658), 34,274;
caboose, 302; business, 4; service, 786 — total, 35,835.
4. Floating Equipment, June 30, 1902. — Lake steamers, 6; tugboats, 21; steam
lighters, 4; car floats, 21; barges, 118; wrecking boat, 1; coal barges, 68; canal scows,
10— total, 249.
6. General Income Account, year ending June 30, 1902.
Expenses — Maint. Way and Struct.... $4,632,996 62
Maintenance of Equipment 5,149,924 16
Conducting Transportation 9,130,530 18
General Expenses 738,667 14
Earnings — Passenger $3,664,820 27
Coal and Freight 18,956,24544
Mail and Express 460,85554
M iscellaneous 1,190,333 14
Total ($17,496.80 per mile) $24,272,25439
Net Earnings (19.03 p. c.) $4,620,13629
Dividends Received (see Sec. 7) 296.97820
Interest on Bonds Owned (see Sec. 8) . 616,120 00
Interest Received on Mortgages 39,185 8C
General Interest Receivable 78,655 99
Sundry Receipts 48,42735
Total Net Income $5.699,503 69
Deficit for Year 1,332,77668
Total ($14.166.34 per mile) $19,652,11810
State, County and Local Taxes $615,46732
Loss and Depreciation, Water Lines. . 72,658 47
General Interest Payable 277,953 13
Surplus Earns. Due to Controlled Cos. 82,296 17
Interest on Funded Debt (see Sec. 10) . 2,285,500 00
Interest on Equip. Trusts (see Sec. 11) 245,543 62
Interest on L. V. C. Co. Bonds ( Sec.12) 804,866 66
Rentals of Leased Lines (see Sec. 12) . 2,647,995 00
Total Deductions $7,032,280 37
NOTE. — The fiscal year of the company having been changed to close on June 30 instead of
Nov. 30, the regular income account would cover only the seven months from Dec. 1, 1901, to June
30, 1902 ; but for the purpose of making a comparison of the results of a full year's operation the
statistics for the year ending June 30, 1902, and for the year ending June 30, 1901, are published
(see preceding statement; also Sec. 13). For the sake of continuity in the accounts the results for
the seven months ending June 30, 1902, are given in Sec. 14.
<*• Valuation of Equipment.— The valuation of equipment on June 30, 1902, as
carried on the books of the company, was as follows: Locomotives, $6,621,616.52; pas-
senger train cars (473), $1,326,152.55; freight train cars (34,576), $18,434,040.42; road-
681
682 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
service cars (786), $202,077.06; floating equipment, $2,776.082.18— total, $29,359,968.7:}.
Of this amount, $2,631,466.57 represents rolling stock and $2,776,082.18 represents marine
equipment, owned by auxiliary companies; the balance being the value of rolling stock
owned ($19,018,419.98) or held under car trusts ($4,934,000) by the Lehigh Valley RR.
Co. (See General Balance Sheet, Sec. 15.)
7. Dividends on Stocks Ovrned — National Docks Ry. Co., $154,160; New York and
Middle Coal Field RR. & Coal Co., $72,158.20; Morris Canal and Banking Co., $39,872; Highland
Coal Co., $12,000 ; Westwood Coal Co., $9,075 ; Buffalo Creek RR. Co., $8,750 ; People's Ry. Co.,
$522; Weatherly Water Co., $360; Locust Mountain Coal & Iron Co., $81 — total, $296,978.20.
8. Interest Received on Bonds Owned. — Lehigh Valley Coal Co., $320,000 ; Schuyl-
kill and Lehigh Valley RR. Co., $100,000 ; Hazleton Coal Co., $96,100 ; Morris Canal and Banking
Co., $30,000 ; Coal Ridge Improvement and Coal Co., $23,070 ; Rochester Southern RR. Co., $21,-
250; Greenville and Hudson RR. Co., $17,500; Middlesex Valley RR. Co., $8,200 — total, $616,120.
9. Sundry Receipts. — Waverly and State Line RR. rental, $600 ; Depew and Tonawanda
RR. rental, $30,000 ; Easton and Northern RR. earnings, $17,827.35 — total, $48,427.35.
10. Interest Accrued on Funded Debt. — 1st mtge. 4 p. c. bonds, $200,000 ; 2d mtge.
7 p. c. bonds, $420,000 ; consol. mtge. 6 p. c. bonds, $942,000 ; consol. mtge. 4J p. c. bonds,
$328,500 ; collateral trust 5 p. c. bonds, $395,000 — total, $2,285,000.
11. Interest Accrned on Car and Equipment Trusts. — Car trust, series A, $21,-
666.66 ; car trust, series B, $12,083.34 ; equipment trust, series C, $71,250 ; equipment trust,
series D, $117,000 ; equipment trust, series E, $15,682.50 ; maritime mortgage bonds of Lehigh
Valley Transportation Co., N. J., $7,861.12 — total, $245,543.62.
12. RENTALS OF LEASED LINES, GUARANTEED INTEREST AND DIVIDENDS.
Lease Rentals ($2,647,995).
Lehigh Valley Terminal Ry.
Interest on $10,000,000 5 p. c. bonds.
Greenville and Hudson Ry.
Interest on $350,000 5 p. c. bonds
Easton and Amboy RR.
Interest on $6,000,000 5 p. c. bonds
Morris Canal and Banking Co.
10 p. c. on $1,175,000 preferred stock.
4 p. c. on $1,025,000 consol. stock
Interest on $500,000 6 p. c. bonds
Easton and Northern RR.
Interest on $51,000 4J p. c. bonds
Schuylkill and Lehigh Valley RR.
Interest on $2,000,000 5 p. c. bonds...
Penn. & New York Canal & RR.
Interest on $1,500,000 7 p. c. bonds...
Interest on $4,000,000 5 p. c. bonds...
Interest on $1,500,000 4J p. c. bonds.
Interest on $3,000,000 4 p. c. bonds...
Waverly and State Line RR. rental.
The Lehigh Valley Ry. Co. of N. Y.
Interest on $15,000,000 4* p. c. bonds..
Recapitulation of Rentals and Guaranteed Interest.
PRINCIPAL.
Lehigh Valley Railroad Company, funded debt $41,900,000 00
Equipment trusts 6,164,000 00
Guaranties and rentals of leased lines 53,123,000 00
Total interest on funded debt, equipment trusts, and fixed
rentals of leased lines as per income account
Lehigh Valley Coal Company
Interest charge as per income account
95).
Brouaht fortiinrd
$2 276 395 00
Lehigh and New York RR.
>nds.
.$500,000 00
Interest on $2,000,000 4 p. c. bonds.
80,000 00
Elmira, Cortland and Northern RR.
. 17,500 00
Interest on $750,000 6 p. c. bonds
45,000 00
Interest on $1,250,000 5 p. c. bonds...
62,500 00
. 300,000 00
Canastota Northern RR.
Interest on $300,000 6 p. c. bonds...
18,000 00
Lock.
. 117,500 00
Middlesex Valley RR.
. 41,000 00
Interest on $375,000 5 p. c. bonds
. 18,750 00
. 30,000 00
Rochester Southern RR. Co.
Interest on $425,000 5 p. c. bonds
21,250 00
. 2,295 00
Depew and Tonawanda RR. rental...
30,000 00
Hazleton Coal Co.
ds...
. 100,000 00
Interest on $1,922,000 5 p. c. bonds...
96,100 00
ds...
. 105,000 00
Guaranteed Interest ($859,966.66).
ds. ..
. 200,000 00
>nds.
. 67,500 00
Lehigh Valley Coal Co.
ds...
. 120,000 00
Interest on $11,514,000 5 p. c. bonds..
. $575,700 00
ntal.
600 00
Interest on $5,000,000 5 p. c. bonds...
. 229,166 66
•
Delano Land Co.
nds..
. 675,000 00
Interest on $1,102,000 5 p. c. bonds...
55.100 00
16,514,000 00
1,102,000 00
INTEREST.
$2,285.500 00
245,543 62
2,647,995 00
$5,179,038 62
804,866 66
$5,983,905 28
55,100 00
Total Interest and rentals charged to income account
Delano Land Company (Interest paid by Lehigh Valley Coal Co.)
Total principal of funded debt, equipment trusts, and guaranties. $118,803, 000 00
The Lehigh Valley RR. Co. owns all the bonds of the Greenville and Hudson Ry. Co., Morris
Canal and Banking Co., Schuylkill and Lehigh Valley RR. Co., Rochester Southern RR. Co., and
Hazleton Coal Co., besides owning $271,400 of the preferred stock and $318,300 of the consolidated
stock of the Morris Canal and Banking Co., $164,000 of the bonds of the Middlesex Valley RR. Co.,
and $6,140,000 of the bonds of the Lehigh Valley Coal Co. Total owned by Lehigh Valley RR.
Co., $12,350,700 ; annual charge thereon, $632,922. The latter amount is Included in the Income
Account under the head of dividends and interest on stocks and bonds owned, while the rentals of
the Waverly and State Line RR. and Depew and Tonawanda RR. are included in the same statement
under the head of " sundry receipts."
The Lehigh Valley RR. Co. does not guarantee the $300,000 1st mtge. 6 p. c. bonds of the
Canastota Northern RR. Co., nor $750,000 1st preferred mortgage 6 p. c. bonds of the Elmira, Cort-
land and Northern RR. Co., but they are both included In the preceding statement, because they are
mortgage liens on property which is a part of the Lehigh Valley system by ownership of capital
stock. The details of the guaranties are in the statements for the subsidiary companies in Sec-
tions 24-27.
POOR .S MANUAL — LEHTGH VALLEY RR. CO.
683
13. Statement showing the results from the operation of the system for two years
ending June 30:
1901
1902
1901
1902
Mile? Road Operated
1,386.04
4,304,354
7,775,009
1,387.24
4,288,124
7,323,684
Net Earnings
$
4,814,542
1,081,371
S
4,620,136
1,079,367
Passenger Train Mileage. . .
Other Receipts
Total Rev. Mileage
Passengers Carried
Passengers Carried 1 Mile. .
Tons Freight Moved
Net Income
12,079,453
4,456,732
160,953,677
18,511,063
3,606,697,936
$
2,989,004
9,272,317
9,636,802
1,584,443
11,611,808
4,308,497
208,561,926
18,174,886
3,418,884,789
$
3,664,820
9,627,286
9,328,959
1,651,189
5,895,913
622,806
190,574
260,817
5,699,503
615,467
72,658
277,953
82,296
5,983,905
Taxes
Loss on Water Lines. .
General Interest
Surplus Controlled Cos. . . .
Tons Moved One Mile
Earnings — Passenger
Freight..
Fixed Charges
5,920,029
Total Deductions
6,994,226
1,098,313
16,942.20
13,468.60
3,473.60
79.50 p. c.
1.857c.
0.524c.
7,032,279
1,332,776
17,496.80
14,166.34
3,330.46
80.97 p. c.
1.757c.
0.554c.
Balance, Deficit
Coal. . . .
Gross Earnings per Mile. . .
Operating Exp. per Mile. . .
Net Earn ngs jjer Mile
Expenses to Earnings ....
Earn, per Pass, p r Mile.. . .
Earn, per Ton per Mile ....
Other
Gross Earnings
23,482,566
18,668,024
24,272,254
19,652,118
Operating Expense*
Net Earnings
4,814,542
4,620,136
A statement showing the results from the operation of the system for the seven
fiscal years ending Nov. 30, 1895-1901, is in the MANUAL for 1902, on page 109.
14. Income Account, for 7 months ending June 30, 1902. — Gross earnings, $12,-
«40,455.82. Operating expenses and taxes, $11,508,714.27. Net earnings, $1,131,741.55:
ether income, $545,734.58 — total, $1,677,476.13. Deductions: Net loss of water lines,
$05,800.08 ; interest payable and surplus earnings due to controlled companies, $223,-
591.70; proportion of fixed charges, including Lehigh VTalley Coal Co. guaranty, $3,478,-
799— total, $3,798,190.78. Deficit, $2,120,714.65; deficit to Nov. 30, 1901, $1,257,224.26;
sundry charges and adjustments, $5,743.13— total, $3,383,682.04. Credit: Interest on
Coal Ridge Improvement and Coal Co., $11,535. Net deficit, June 30, 1902, $3,372,147.04.
15. General Balance Sheet, June 30, 1902.
Cost of Road $18,639,291 95
Equipment 19,018,419 98
Equipment Trusts ($4,934,000) :
Equipment Trust, Series C 1,400,00000
Equipment Trust, Series D 2,400,00000
Equipment Trust, Series E 574,00000
Equipment Trust, Series F 560,00000
Real Estate 1,221,856 46
Mortgages Receivable 650,12837
Securities Owned (see Sec. 20)...... 39,300,209 80
Advances to Other Cos. in System. . 6,533,742 44
Advanced Insurance Premiums 82,10174
Current Assets ($5,585,998.73) :
Cash on Hand 2,780,622 14
Due by Station Agents 1,178,91491
Individuals and Companies 697,64237
Traffic Balances 286,37274
Advances 642,446 57
Material and Supplies 1,967,607 05
Profit and Loss 3,372,14704
Total Assets
.$101,305,503 56
Capital Stock ($50 shares) $40,441,10000
Funded Debt Outstanding 41,900,00000
Equipment Trust Obligations 5,559,00000
National Storage Co. Trust Certs..
Coal Property Purchase Bonds
5,000,000 00
1,170,000 00
Depreciation of Equip. ($667,036 68)
Equipment Renewal Reserve 555,73748
Depreciation of Marine Equipment 111,299 20
Mortgages on Real Estate 211,99389
Interest and Rentals Accrued, not Due :
Interest on Funded Debt 328,37500
Interest on Equipment Trusts 70,07500
Accrued Rentals, Leased Lines 403,71578
Accrued Principal, Equip. Trusts.. 164,166 66
Interest on Trust Certificates.... 50,00000
Interest on Coal Prop. Pur. Bonds 9,700 00
Current Liabilities 4,911,315 14
Deferred Liabilities 419,02541
Total Liabilities $101,305,503 56
16. Capital Stock. — The capital stock as per general balance sheet consists of $106,300 of
10 p. c. preferred stock and $40,334,800 of common stock, In shares of $50 each. The last dividends
were paid in July, 1893.
17. Funded Debt — The funded debt outstanding on June 30, 1902 — total $41,900,000, as
per general balance sheet — consisted of the following issues of bonds :
$2»,OOO,000 consol. mtge. bonds, $15,700,000 of
them being 8 p. c. bonds and the remaining
$7,300,000 4j p. c. bonds ; $10,062,000 of the 6 p. c.
bonds and $2,538,000 of the 4i p. c. bonds are
designated " annuity bonds " and are irredeem-
able ; the remaining $5,638,000 of 6 p. c. bonds and
the remaining $4,762,000 of 4J p. c. bonds are
payable on Dec. 1, 1923. The authorized issue
95,OOO,OOO 1st gold 4s of June 1, 1948. Secured
on the main line, 322.44 miles, and equipment.
The bonds matured in 1898, and were extended,
principal and Interest being made payable in
gold.
$6,000,000 2d 7s of Sept. 1, 1910. Secured on
the same property, but subject to the lien of the
first mortgage.
684 POOR'S MANUAL — RETTJRNS RECEIVED TOO LATE FOR CLASSIFICATION.
is $40,000,000, and $12,000,000 of the unissued bonds
are reserved for retirement of the 1st and 2<1
mtge. bonds, at maturity. The bonds are in two
classes, those due in 1923 being known as Class
Ii, and the irredeemable " annuity " bonds as
Class C. Of Class B, $1,319.000 6s and $l.t>69,000
4Js are coupon bonds, while $4,319,000 6s and
$3,093,000 4Js are in registered form. The bonds
are secured on the main line and branches, 322.44
miles, subject to prior liens.
$7,OOO,OOO mtge. and trust gold 5s of May 1,
1997. Secured on the railroad and equipment of
the company (subject to prior liens) ; on various
real estate mortgages held by the company ;
on various pieces of real estate owned by the
company in Philadelphia, Pottsville, and Jersey
City ; on sundry stocks of various companies
owning railroad (about 170 miles) and steamship
lines belonging to the Lehigh Valley System,
and on the car trust bonds of the Lehigh Valley
Terminal Ry. Co. owned by this company. (See
statement of stocks and bonds owned, Sec. 20.)
The authorized issue is $15,000,000, of which $7,-
000,000 may be issued at not exceeding the rate
of $1,000,000 in any calendar year commencing
with the year 1900, for the construction or acqui-
sition of extensions, terminals, rolling stock, or
betterments, or for the acquisition of additional
bonds of the Lefiigh Valley Coal Co. secured by
its mortgage dated April 30, 1897 — all of such
acquisitions to be subjected to the lien of the
j mortgage. The $7,000,000 of reserved bonds may
bear interest at a rate lebs than 5 p. c. per
annum. The bonds are redeemable on any in-
terest day, at 1071 P- c. and accrued interest, on
00 days' notice.
The mortgages do not cover the income of the company, and none of them except the collateral
trust mortgage cover any of the securities owned by the company. Bonds with liens prior to that
of the mortgage and collateral trust bonds may be extended, or new prior lien bonds may be issued,
but the aggregate principal sum of such bonds, or the rate of interest thereon, may not be increased
except as provided in the consolidated mortgage for the retirement of bonds prior in lien thereto.
18. Equipment Trust Obligations. — These consist of the following issues : $400,000 5
p. c. Series A car trust, payable $50,000 semi-annually to Feb. 1, 1906, interest Feb. and Aug. ;
$225,000 5 p. c. Series B car trust, payable $25,000 semi-annually to Aug. 1, 1906, interest Feb. and
Aug. ; $1,400,000 4J p. c. Series C equipment trust, payable $200,000 annually to June 1, 1909,
interest June and Dec. ; $2,400,000 41 p. c. Series D equipment trust, payable $300,000 annually to
March 1, 1910, interest March and Sept. ; $574,000 41 p. c. Series E equipment trust, payable
$82,000 annually to Feb. 1, 1909, interest Feb. and Aug. ; $560,000 41 p. c. Series F equipment
trust, payable $80,000 annually to May 1, 1909, interest May and Nov. ; and $605,000 Lehigh
Valley Transportation Co. 5 p. c. mtge. bonds, payable $120,000 annually to May 1, 1907, interest
May and Nov. Series A and Series B are in gold bonds of $1,000 each ; Series C, D, E and F are
in $1,000 gold certificates. Series A covers 2,000 box freight cars ; Series B, 1,000 coal cars, 50
stock cars, and 6 combination cars ; Series C, 34 locomotives, 2,000 coal and 400 box freight cars ;
Series D, 25 locomotives and 3,665 freight cars ( 2,725 box, 250 gondola, 300 coal, 300 produce, 15
milk, 25 poultry, and 50 steel flats) ; Series E, 42 locomotives and 20 cars (11 passenger, 3 combina-
tion and 6 baggage) ; Series F, 40 locomotives. The maritime mortgage bonds cover the steamers
Wilkes-Barre and Mauch Chunk and 33 barges. Interest on the serial obligations is payable at the
offices of the respective trustees as follows : Series A and Series B, the Girard Trust Co., Phila-
delphia, Pa. ; Series C, Series E and Series F, the Pennsylvania Co. for Insurances on Lives and
Granting Annuities, Philadelphia, Pa. ; Series D, Provident Life and Trust Co., Philadelphia, Pa.
Interest on the maritime mortgage bonds (E. T. Stotesbury, trustee) is payable at the office of the
Lehigh Valley RR. Co., 228 South Third St., Philadelphia, Pa.
19. Statement of property and capital accounts for seven fiscal periods:
1896
Nov. 30
1897
Nov. 30
1898
Nov. 30
1899
Nov. 30
1900
Nov. 30
1901
Nov. 30
1902
June 30
Miles Road Operate<l
Miles of Track
1,208.39
2,694.09
2.275.14
750
262
143
48,048
792
1,315.70
2,710.82
2,512.61
737
262
143
44,833
747
1,393.80
2,821.33
2,580.71
736
249
148
42,658
1,120
1,395.91
2,857.24
2,673.34
713
245
151
36,899
1,245
1,381.63
2,867.64
2,784.03
739
249
149
34,698
1,120
1,382.45
2,888.93
2,811.07
760
259
153
34,485
1,085
1,382.83
2,893.45
2.809.81
780
253
149
34,341
1,092
Miles Steel Rail . . .
Freight
Other
Total Cars . .
49,245
S
40,441,100
35,560,000
45,985
$
40.441,100
40,334,000
1,124,243
4,358,572
2,150.371
1,703,441
377,478
44,175
S
40,441,100
39.825,000
1,097,295
4,708,445
1,557,009
1.702,419
763,528
38,540
$
40,441,100
40,675,000
1,367,479
5,560,554
1,047,984
1,699,093
96.174
36,216
S
40,441,100
49,350,000
365,745
7,534,275
731,696
1,702,469
35,982
S
40,441,100
53,771,000
970,555
6,332,906
426,910
35,835
*
40,441,100
53,629,000
667,037
6,149,341
419,025
Capital Stock. .
Funded Debt
Current Liabilities
4,272,983
1,598,270
1,710,504
7,534,277
Contingent Liabilities
Profit and Loss
1'otal Liabilities
Road and Equipment
Securities Owned
91,117,134
42,795,159
26,558,029
7,791,213
9,565.097
1,196,645
3,210,991
90,489,205
37,657,712
32,949,322
7,286,349
8,629,041
748.645
3,218,136
90,094,796
37,657,712
32,265,889
7,349,787
8,992,269
613,798
3,215,341
90,887,384
37,657,712
32,245,277
7.982,271
8,877,777
909,006
3,215,341
100,125,285
37,657,712
38,218,125
12,099,090
5,650,326
1,374,106
3,215,341
1,910,585
101,942,471
37,657,712
40,034,323
13,226,834
8,448,873
1,317.505
101,305,503
37,657,712
39,300,210
13,339,727
5,668,100
1,967.607
Cash Assets. . .
Materials, etc
Contingent Assets
Profit and Loss. . .
1,257,224
3,372,147
Total Assets. . .
91,117,134
90,489,205
90,094,796
90,887,384
100,125.285
101,942,471
101,305.503
rOOU S MANUAL LKHIGH VALLEY RR. CO.
685
2O. Securities Owned. — Stocks of railroad and water lines included in the system, $18,-
066,366.34 ; stocks of allied coal companies, $2,802,281.29 ; stocks of other companies, $6,709,453 ;
bonds of railroad and water lines included In the system, $3,398,926 ; bonds of the Lehigh Valley
Coal Co., $6,400,000; bonds of other coal companies, $944,183.17; bonds of other companies,
$79,000 ; car trust certificates, Lehigh Valley Terminal Ry., $900,000 — total, $39,300,209.80. The
following is a detailed statement of these securities :
Covered by Collateral Trust Deed. Not Covered by Collateral Trust Deed.
BONDS.
Coal Ridge Imp. & Coal Co., May, 1867.. $184,500
Coal Ririge Imp. & Coal Co., June, 1874. . 200,000
Greenville & Hudson Ry 350,000
Hazleton Coal Co 1,921,000
Lehigh Valley Coal Co., Mtge., 1892 1,400,000
Lehigh Valley Coal Co., Mtge., 1897.... 5,000,000
Lehigh Valley Terminal Ry., Car Trust 900,000
Morris Canal & Banking Co 500,000
Rochester Southern RR 425,000
Schuylkill & Lehigh Valley RR 2,000,000
$259,860
125,000
60,000
200,000
807,550
86,500
500,000
Total $12,880,500
STOCKS.
Anthracite Coal & Improvement Co...
Buffalo Creek RR
Canal RR
Canastota Northern RR
Coal Ridge Imp. & Coal Co
Coal Ridge Imp. & Coal Co., preferred.
Depew & Tonawanda RR
* Easton & Amboy RR 6,000,000
Easton & Northern RR 300,000
Elmira, Cortland & Northern RR 2,000,000
Elmira Transfer Ry 10,000
Greenville & Hudson Ry 400,000
Hazleton Coal Co 500,000
Highland Coal Co 120,000
Lehigh & New York RR. preferred 2,148,500
Lehigh Valley Coal Co 650,000
Lehigh Valley Ry 5,900,000
Lehigh Valley Terminal Ry 10,000,000
Lehigh Valley Transportation Co., N. J. 750,000
Loyalsock RR 300,000
Mineral Spring Coal Co..... 195,900
•National Docks Ry 1,927,000
New York & Middle Coal Field RR. &
Coal Co 1,061,150
Pennsylvania & New York Canal & RR.. 1,051,200
Perth Amboy & Raritan Ry 12,000
Pittstown Branch Ry 40,000
Rochester Southern RR 800,000
Schuylkill & Lehigh Valley RR 1,998,400
Waverly & State Line RR 10,000
Westwood Coal Co 165,000
Wilkesbarre & Harvey's Lake RR 150,000
Wyoming Valley Coal Co 922,200
BONDS.
Glen Summit Hotel & Land Co $79,000
Hazleton Coal Co
Mansion House Hotel Co.
Middlesex Valley RR
1,000
7,000
3X9,000
Total $476,000
STOCKS.
Buffalo, Thousand Islds. & Portland RR.
Connell Coal Co
Consolidated Real Estate Co
Delano Water Co
Hazleton Water Co
Hazle Water Co
Jersey City Belt Line Ry
Lehigh & Lake Erie RR
Locust Mountain Coal & Iron Co
Locust Mountain Water Co
Middlesex Ry
Middlesex Valley RR
Mineral Spring Coal Co
Montrose Ry
Morris Canal & Banking Co., Com
Morris Canal & Banking Co., Pref
Morris Canal & Banking Co., Scrip
National Docks Ry
National Storage Co
Newark Bay Ry
Packer Coal Co
Paxinosa Land and Improvement Co....
Penn Haven Jc. & Glen Onoko RR. Co..
People's Ry
Philadelphia Harbor Transfer
Pioneer Real Estate Co
Righter Coal Co
Seneca Coal Co
Seneca County Ry
Stony Creek RR
United Real Estate Co
Weatherly Water Co
Wright Township Water Co
$250,000
500,000
5,000
1,000
250,000
500
12,000
25,000
1,350
50,000
2,000
500,000
104,100
168,050
318,300
271,400
56,798
1,927,000
2,400,000
10,000
3,800
10,00-)
6,000
6,960
20,OCO
2,500
300,000
100,000
10,000
20,000
1,000
6,000
500
Total $39,450,260 Total $7,339,253
*0wned by Lehigh Valley Terminal Ry. Co.
SUMMARY.
Par Value. Book Value.
Bonds Covered by Col-
lateral Trust Deed... $12,880,500 00 $11,487,30817
Stocks Covered by Col-
lateral Trust Deed. . . 39,450,260 00
26,568,280 07
Par Value.
Bonds not Covered by
Collateral Trust Deed $476,000 00
Stocks not Covered by
Collateral Trust Deed 7,339,257 50
Book Value.
$234,802 00
8,936,819 56
Aggregate $52,330,760 00 $38,055,588 24 j Aggregate $7,815,257 50 $9,171,621 56
Total par value of all securities, $60,146,017.50; value as per books (L. V. RR. Co. books,
$39,300,209.80; L. V. Terminal Ry. Co. books, $7,927,000), $47,227,209.80.
21. Statement of amounts due by railroad and water lines in Lehigh Valley System
for advances on account of construction and new property, June 30, 1902:
Depew and Tonawanda RR. Co $243,571 18
Easton and Amboy RR. Co 185,31605
Easton and Northern RR. Co 517,16430
Greenville and Hudson Ry. Co 436,72239
Jersey City Belt Line Ry. Co 41,401 78
Lehigh and Lake Erie RR. Co 300,37404
Lehigh Valley Ry. Co. of N. Y 3,906,497 92
Loyalsock RR. Co 172,840 09
Middlesex Ry. Co 2,25357
Newark Bay Ry. Co 3,17883
Penn. and N. Y. Canal and RR. Co.. 53,682 35
Perth Amboy and Raritan Ry. Co 60,227 12
Pittstown Branch Ry. Co $19,53592
70,610
134,063 OS
Wilkes-B. and Harvey's Lake RR. Co. 205,861 23
Rochester Southern RR. Co.
Seneca County Ry. Co.
Lehigh Valley Transp. Co., N.
Morris Canal
$6,353,301 22
J.... $178,241 22
2,200 00
Total advances as per bal. sheet. .$6,533,742 44
080 POOR'S MANUAL RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
22. SUMMARY OF FINANCIAL OPERATIONS FOR SEVEN MONTHS ENDINU JUNE 30, 1902,
EXCLUSIVE OF INCOME ACCOUNT.
Decrease of Assets : Equipment trusts, $582,000 ; real estate, $3,350 ; mortgages
receivable, $5,168.47 ; securities owned, $1,038,413.50 ; current assets, $3,103,-
624.23 $4,732,556 20
Increase of Liabilities : Depreciation of equipment, $79,695.07 ; interest and rentals
accrued not due, $16,666.68 ; current liabilities, $892,914.03 989,275 78
Total to be accounted for $5,721,831 98
Increase of Assets : Equipment trust, Series F, $560,000 ; securities owned, $304,300 ;
other permanent investments, $143,411.92 ; advanced insurance premiums, $82,-
101.74; current assets, $240,749.76 ; material and supplies, $650,102.30 1,980,665 72
Decrease of Liabilities : Equipment trust obligations, $97,000 ; coal property pur-
chase bonds, $45,000 ; depreciation of marine equipment, $383,213.38 ; mortgages
on real estate, $2,527.01 ; interest and rentals accrued, not due, $951,319.63 ;
current liabilities, $139,299.12 ; deferred liabilities, $7,884.34 1,626,243 48
Profit and Loss : Debit balance June 30, 1902, $3,372,147.04 ; debit balance Nov. 30,
1901, $1,257,224.26; increase 2,114,922 78
Total accounted for $5,721,831 98
23. Statement showing the mileage, stocks, bonds, etc., of the lines controlled and
leased by the Lehigh Valley RR. Co., June 30, 1902:
Name of Road.
Length
M.
Buffalo Creek
Easton and Amboy
Easton and Northern
Jersey City Belt Line
Lehigh Valley Ry
Hayts Corners, Ovid & Willard
Lehieh Valley Terminal
Loyalsock
Pa. & N. Y. Canal & RR. Co
State Line and Sullivan
Waverly and State Line :
Wilkeibarre and Harvey's Lake . [
Perth Amboy and Raritan
Pittstown Branch
Rochester Southern
Schuylkiil and Lehigh Valley. . . .
Lehigh and New York
Middlesex
Middlesex Valley
Mont rose
Ehnira, Cortland and Northern. .
Canastota Northern
Greenville and Hudson
Depew and Tonawanda
Newark Bay
Seneca County Ry
National Docks . .
Date of
Lease.
Term of Lease.
5.82j*Jan. 1, 1890 For term of charter less 1 day.
69.61 jMay 24, 1893 Annual rental
12.79; Controlled through ownership of stock.
0.89 Controlled through ownership of stock.
280.86,Jan. 1, 1S91 j 999 years.
3.82] 1883 99 years.
27. ll'See company's statement in Sec. 24.
35.28 Cont'd by L.V.RR., which owns entire stock.
141.00 Dec. 1,1888 j 99 years.
24.06 May 1, 1894 50 years.
0.41 Jan. 26, 1875 Perpetual.
14.06JCont. by L.V.RR. through own'ship of stock.
6.16 Controlled through ownership of stock.
4.02 'Controlled through ownership of stock.
29.67 (Controlled through ownership of stock.
41. 69, Controlled through ownership of stock.
115.37 Aug. 24, 1895| 999 years.
0.34 'Controlled through ownership of stock.
29.43 iCont rolled through ownership of stock.
27.22 Cont. through own'ship of majority of stock.
139.14|Controlled through ownership of stock.
20.65]Controlled through ownership of stock.
1.88 Controlled through ownership of stock.
10.56 Controlled through ownership of stock.
.... Controlled through ownership of stock.
8.20 Controlled through ownership of stock.
8.63 Controlled through ownership of stock.
Capital
Stock.
250,000'
6,000,000
300,000
12,000
5,900,000
4,100i
10,000,000
300,000
1.061,700
980.2501
10,000
150,000!
12,000
40,000'
800,000
2,000,000
3,803,348
2,000
500,000
304,900
2,000,000
200,000 j
400,000;
500,000
10,000
10,000
3,854,000
Bonded
Debt.
I
591,000
6,000,000
51,000
15,660,666
10,6o6,bob
10,606,000
295,000
425,000
2,000,000
2,000,000
600.666
2,060,666
300,000
350,000
* Leased to the Erie and Lehigh Valley RR. Cos.
24. RAILROADS CONTROLLED BY OWNERSHIP OF ENTIRE CAPITAL STOCK.
EASTON AND NORTHERN RR Belfast
to Easton, Pa., 12.78 ui. ; total track, 15.54 miles.
Rail, 56 Ibs.
HISTORY. — Chartered May 28, 1889; opened
Aug. 23, 1890; extended in Easton, 4.65 m., in
1899. The extension in Easton is operated by the
L. V. RR. Co. ; the line from Easton to Belfast,
8.13 m., is leased to the Bangor and Portland Ry.
Co. for 6 years from Aug. 1, 1898, at a rental of
30 p. c. of its gross earnings.
BALANCE SHEET, June 30, 1902.— Capital
stock, $300,000; funded debt (1st gold 4Js of Nov.
1, 1935V, $51,000; unfunded debt, $517,164 — total,
representing cost of property, $868,164. The L. V.
RR. Co. owns the entire capital stock and guar-
antees the bonds, both principal and Interest.
CORPORATE OFFICERS. — E. B. Thomas,
Pres., Philadelphia, Pa. : D. G. Baird, Sec. ; W. C.
Alderson, Treas., Philadelphia, Pa. Office, 228 So.
3d St., Philadelphia, Pa.
ELMIRA, CORTLAND AND NORTHERN
RR. — Elmira to Canastota, N. Y., 118.49 m. ;
Canastota Northern RR. (leased), 20.65 m. — total,
139.14 m. ; total track (steel, 118.49 m.), 169.22
miles. Rail, 56, 58 and 76 Ibs.
HISTORY. — Successor, March 7, 1884, to the
Utica, Ithaca and Elmira RR. Co. The section?
from Elmira to Horseheads, 5.28 m. (Canal RR.).
and from Cortland to DeRuyter, 20.22 m. (branch
N. Y., O. & W. Ry.), are nominally leased but
practically owned by this company. (See Manual
for 1895, page 135.)
FINANCIAL STATEMENT. — Capital stock
($100 shares), $2,000,000; funded debt ($750,000 1st
pref. gold 6s of April 1, 1914, and $1,250,000 1st
gold 5s of April 1, 1914), $2,000,000 — total, $4,000,-
000. Cost of road, etc., $4,000,844.
The L. V. RR. Co. owns the entire capital stock
and guarantees the 5 p. c. bonds by endorsement.
The 6 p. c. (preferred) bonds are not guaranteed,
but have preference over the 5 p. c. bonds for
both principal and interest.
CORPORATE OFFICERS. — E. B. Thomas,
Pres. ; D. G. Baird, Sec. ; W. C. Alderson, Treas.,
Philadelphia, Pa. Office, Buffalo, N. Y,
POOR'S MANUAL — LEHIGH VALLEY SYSTEM.
G87
LEASED BY E., C. & N. RR. Co.
Canaatota N«>..<aern RR. — Canastota to
C'araden, N. Y., 20.65 m. ; total track, 23.17
miles. Rail (steel, 20.65 m.). 56 and 60 Ibs.
Chartered March 24, 1886 ; opened July 25, 1887.
Leased Aug. 16, 1886, for term of charter, to E.,
C. & N. RR. Co., which guarantees this com-
pany's bonds, both principal and interest.
Capital stock, $200,000; funded debt (1st gold
6s of July 1, 1906), $300,000 — total, representing
cost of road, $500.000.
E. B. Thomas, Pres. ; D. G. Baird, Sec. ; W. C.
Alderson, Treas. Office, 228 So. 3d St., Philadel-
phia, Pa.
JERSEY CITY BELT LIXE RY.— Under
construction in Jersey City, N. J., 5.83 m. ; com-
pleted to June 30, 1902, 0.89 mile. Controlled by
the Lehigh Valley RR. Co. through ownership
of capital stock.
BALANCE SHEET, June 30, 1902. — Capita!
stock, $12,000 ; advances by L. V. RR. Co., $41,402
— total, representing cost of road, etc., $53,402.
CORPORATE OFFICERS. — John Hood, Pres.,
Camden, N. J. ; David G. Baird, Sec. ; W. C.
Alderson, Treas., Philadelphia, Pa.
LOYALSOCK RR. — West of Shawanese Lake
to Bernice, Pa., 30.80 m. ; Rickett to Ganoga, Pa..
3.86 m. ; Lopez to end of Thorndale Branch, 0.63
in. — total. 35.29 miles.
HISTORY. — Chartered Dec. 3, 1884; road
opened in 1S93. The Thorndale Branch, 6.98 m.,
was abandoned in 1897-98.
BALANCE SHEET, June 30, 1902. — Capital
stock (owned by L. V. RR. Co.), $300,000; current
liabilities, $172,840 — total, representing cost of
road, $472,840.
CORPORATE OFFICERS. — E. B. Thomas,
Pres. ; D. G. Baird, Sec. ; W. C. Alderson, Treas.
Office, 228 So. 3d St., Philadelphia, Pa.
NATIONAL DOCKS RY' — Jersey City to
Bayonne, N. J., 8.64 m. ; 2d track, 7.96 m. ; total
track (steel; 67 and 80 Ibs.), 29.76 miles.
HISTORY. — Consolidation, Dec. 28, 1897, of the
National Docks, the National Docks and New
Jersey Junction, the Kill von Kull, and the Ba>
Creek Ry. Cos. (See Manual for 1898, page 78.)
Controlled by the L. V. RR. Co. by ownership of
the entire capital stock, but operated separately
by its own organization.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in (31,000.000 auth. ; $100 shares), $3,-
854,000; current liabilities, $10,407; profit and loss,
$185,126 — total, $4,049,533. Contra : Cost of prop-
erty, $3,949,598 ; cash and current assets, $99,935 —
total, $4,049,533.
CORPORATE OFFICERS. — E. B. Thomas,
Pres., New York, N. Y. ; Isaac McQuilkin,
Compt, Philadelphia, Pa., J. A. Hand, Sec. &
Treas., New York, N. Y. Office, New York, N. Y.
NEWARK BAY RY Under construction,
in Newark, N. J., 4.91 miles. Controlled by the%
Lehigh Valley RR. Co., through ownership of the"
capital stock.
BALANCE SHEET, June 30, 1902. — Capita!
stock, $10,000 ; advances by L. V. RR. Co., $3,179
— total, representing cost of road, etc., $13,179.
CORPORATE OFFICERS. — John Hood, Pres.,
Camden, N. J. ; David G. Baird, Sec. ; W. C.
Alderson, Treas., Philadelphia, Pa.
WILKESBARRE AND HARVEY'S
LAKE RR. — Luzerne to Shawanese Lake.
Pa., 14.06 m. ; Black Diamond Breaker to Black
Road. Pa., 0.95 m. — total, 15.01 m. ; total track
(steel: 67 Ibs.), 18.59 miles.
HISTORY. — Chartered Sept. 24, 1885. Con-
trolled by the Lehigh Valley RR. Co. through
ownership of stock.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $150,000; current liabilities,
$205,861 — total, representing cost of road, $355,861.
CORPORATE OFFICERS. — E. B. Thomas,
Trea?. ; D. G. Baird, Sec. ; W. C. Alderson, Treas.,
Philadelphia, Pa. Office, 228 So. 3d St., Phila-
delphia, Pa.
LEHIGH VALLEY RR. OF NEW JERSEY.— Consolidation, July 29, 1903, of
the Lehigh Valley Terminal Ry., the Greenville and Hudson By., the Middlesex Ry., the
Perth Amboy and Raritan Ry., the Pittstown Branch Ry. and the Easton and Amboy RR.,
whose combined length of main track on June 30, 1902, was 109.01 miles. The details of
this mileage will be found in the separate statements for the constituent roads, appended
hereto. The capital stock of the consolidated company is $16,454,000, representing the
amount at par of the capital stocks of the six merged corporations.
Directors, L. V. RR. Co. of N. J E. B. Thomas, J. A. Middleton, W. C. Alderson,
E. T. Stote-sbury, L>. G. Baird, John Hood, George N. Wilson, Philadelphia, Pa.; H. S.
Drinker, J. William Robbins, New York, N. Y. OFFICERS: E. B. THOMAS, Pres.; J. A.
Middleton, Vice-Pres.; W. C. Alderson, Treas.; D. G. Baird, Sec., Philadelphia, Pa.
OFFICE, 228 South Third Street, Philadelphia, Pa.
STATEMENTS AS OF JUNE 30, 1902, SHOWING THE HISTORY, CAPITALIZATION, ETC., OF THE
LINES CONSOLIDATED INTO THE ABOVE COMPANY:
EASTON AND AMBOY RR. — Easton, Pa.,
to Perth Amboy, N. J., 60.15 m. (double track,
steel rails, and 98.21 m. yard tracks and sidings) ;
branches, 8.37 ro. — total, 68.52 miles.
HISTORY. — Chartered April 3, 1872. Main line
opened in June, 1875 ; branches completed in 1892.
Operated by the L. V. RR. Co. under agreement
of May 24, 1893.
BALANCE SHEET, June 30, 1902. — Capital
stock (owned by L. V. Term. Ry. Co.), $6,000,000;
funded debt (1st 5s of May 1, 1920), $6,000,000;
due L. V. RR. Co., $1S5,316 — total, representing
cost, etc., $12,185,316. The L. V. RR. Co. guaran-
tees the bonds both as to principal and interest.
GREENVILLE AND HUDSON RY Un-
der construction from Greenville to Jersey City,
N. J., 2.62 m. ; completed up to June 30, 1902,
1,877 miles. Controlled by the Lehigh Valley RR.
Co. through ownership of the entire stock and
bond issues.
BALANCE SHEET, June 30, 1902. — Capital
stock, $400,000; funded debt (1st gold 5s of May
1, 1997), $350,000; advances by L. V. RR. Co..
$436,722 — total, representing cost of road, etc.,
$1,186,722.
LEHIGH VALLEY TERMINAL RY. —
South Plainfield, N. J., to Communipaw, Jersey
City, N. J., 22.81 m. ; branches, 5.28 m. — total.
28.09 miles.
HISTORY. — Consolidation, Aug. 28, 1891, of the
Roselle and South Plainfleld (see Manual for
1891, page 749), the Newark and Roselle, the Jer-
sey City, Newark and Western, the Newark and
Passaic, the Jersey City Terminal, the Edge-
water, and the Newark Ry. Cos. Leased to the
Easton and Amboy RR. Co., and together with
that company's road operated by the Lehigh
Valley RR. Co., under agreement of May 24, 1893.
FINANCIAL STATEMENT. — Capital stock
(owned by L. V. RR. Co.), $10,000,000; funded debt
(1st gold 5s of Oct. 1, 1941), $10,000,000; car trust
certificates, $900,000 — total, $20,900,000. The bonds
688 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
are secured on the railway and on terminal prop-
erty at Jersey City covering about 125 acres and
having an extensive frontage on the Hudson
River.
MIDDLESEX RY In Perth Amboy, N. J.,
0.34 mile. Chartered Nov. 30, 1886. Extends from
a point in the side track of the Easton and Am-
boy RR. in Perth Amboy, N. J., to the United
Refiners' Export Oil Co.'s property in same city.
Operated as a branch of the Easton and Amboy
RR. Controlled by the Lehigh Valley RR. Co.
through ownership of stock.
BALANCE SHEET, June 30, 1902. — Capital
stock paid in ($10,000 auth. ; $100 shares), $2,000;
floating debt, $2,254— total, $4,254.
PERTH AMBOY AND RARITAN RY. —
Perth Amboy Branch to Mill Brook Road, includ-
ing Keasby and Weber Branches, 6.16 miles.
HISTORY. — Constructed in 1891 to 1893. Con-
trolled by the Lehigh Valley RR. Co., through
ownership of capital stock.
BALANCE SHEET, June 30, 1902. — Capital
stock, $12,000; advances by L. V. RR. Co., $60.227
— total, representing cost of road, etc., $72,227.
PITTSTOWN BRANCH RY Landsdown
to Pittstown, N. J., 4.02 miles. Rail (steel), 67
Ibs.
HISTORY. — Chartered March 6, 1890 ; operated
as a branch of the Easton and Amboy RR. Con-
trolled by the Lehigh Valley RR. Co., through
ownership of stock.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), authorized and paid in, $40,-
000; advances by L. V. RR. Co., $19,536 — total,
representing cost of road, $59,536.
LEHIGH VALLEY RY. (THE).-Consolidation, Aug. 3, 1903, of the Depew and
Tonawanda RR., Rochester Southern RR., Middlesex Valley RR., Seneca County Ry.,
Waverly and State Line Ry. and The Lehigh Valley Ry., whose combined length of main
track on June 30, 1902, was 362.95 miles. The details of this mileage will be found in the
separate statements for the constituent roads, appended hereto. In the consolidation the
capital stock of The Lehigh Valley Ry. Co. was increased from $5,900,000 to $10,000,000,
part of the increase being issued in exchange for the stocks of the five other merged cor-
porations and part held in the treasury for the future use of the company.
Directors, L. Vy. Ry. Co.— E. B. Thomas, E. T. Stotesbury, D. G. Baird, G. N. Wil-
son, W. C. Alderson, J. R, Fanshawe, Robert H. Sayre, John B. Garrett, Philadelphia, Fa. ;
Charles Steele, H. S. Drinker, J. F. Schaperkotter, New York, N. Y. ; Wilson S. Bissell,
Buffalo, N. Y. ; one vacancy. OFFICERS: E. B. THOMAS, Pres.; D. G. Baird, Sec.; W. C.
Alderson, Treas., Philadelphia, Pa. OFFICE, 228 South Third Street, Philadelphia, Pa.
STATEMENTS AS OF JUNE 30, 1902, SHOWING THE HISTORY, CAPITALIZATION, ETC., OF THE
LINES CONSOLIDATEP INTO THE ABOVE" COMPANY:
FINANCIAL STATEMENT. — Capital stock
($100 shares), $500,000; funded debt (1st gold 5s
of Nov. 1, 1942), $600,000 — total, $1,100,000. Cost
of road, etc., $1,094,309.
In addition to the entire capital stock the Le-
high Valley RR. Co. owns $225,000 of the bonds,
and guarantees the remaining $375,000 of bonds.
ROCHESTER SOUTHERN RR Rochester
to Hemlock Lake, 29.67 m. ; 2d track, 0.14 m. ;
total track (steel; 76 and 80 Ibs.), 37.71 miles.
HISTORY. — Consolidation, Aug. 14, 1895, of
Rochester and Honeoye Valley, and the Rochester
and Southern RRs. 'See Manual for 1896, page
595.) Controlled by the Lehigh Valley RR. Co.,
through ownership of capital stock and bonded
debt.
BALANCE SHEET, June 30, 1902.— Capital
stock ($100 shares), $800,000; funded debt (1st
gold 5s of Nov. 1, 1945), $425.000; open accounts.
$70,610 — total, representing cost of road, $1,295,-
610.
SENECA COUNTY RY Geneva to Seneca
Falls, N. Y., 8.20 m. ; total track (steel; 76 Vbs.).
9.75 miles.
HISTORY. — Chartered Feb. 24, 1891; road
opened, Oct. 24, 1897. Controlled by the Lehigh
Valley RR. Co. by ownership of capital stock.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100,000 auth.; $100 shares), $10,000; due
L. V. RR. Co'., $134,064 — total, representing cost
of road, £144,064.
WAVERLY AND STATE LINE RR
Waverly, N. Y., to Penn. State Line, 0.41 m. ;
total track (steel, 0.41 m. ; 58 to 80 Ibs.), 2.14
miles.
HISTORY. — Chartered June 11, 1867; road
opened Jan. 26, 1875, and leased in perpetuity to
the Penn. & New York Canal and RR. Co.
Owned and operated by the Lehigh Valley RR.
Co.
BALANCE SHEET, June 30, 1902. — Capital
stock (owned by L. V. RR. Co.), $10,000; ad-
vances by lessee, $54,398 — total, representing cost,
etc., $64,398.
DEPEW AND TONAWANDA RR Depew
June, to Tonawanda June., N. Y., 10.56 m. ; 2d
track, 10.39 m. ; total track, 22.58 miles. Rail
(steel, 10.56 m.), 80 and 90 Ibs.
HISTORY. — Chartered July 16, 1895; opened
Nov. 15, 1896. Controlled by the Lehigh Valley
RR. Co., by ownership of capital stock.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $500,000; open accounts, $243,-
571 — total, representing cost of road, $743,571.
LEHIGH VALLEY RY Buffalo, N. Y., to
Penn. State Line, 175.16 m. ; Van Etten June, to
Geneva Junf., 59.49 m.'; Hayts Corners, Ovid and
Willard RR. (leased), 3.82 m. ; Ithaca, N. Y., to
Auburn, 42.46 m. ; Cayuga June., N. Y., to Ithaca
June., N. Y., 3.75 m. — total, 284.68 m. ; 2d track,
175.16 m. ; sidings, 169.15 miles. Rail (steel,
259.92 m.), 58 to 80 Ibs. Owns 1,891 box freight
cars.
HISTORY. — Consolidation, June 23, 1890, of the
Geneva and Sayre, the Geneva and Van Etten-
ville, the Buffalo and Geneva, the Auburn and
Ithaca, and the Lehigb Valley Ry. Cos. Opened
throughout in Sept., 1892. Leased for 999 years
from Jan. 1, 1891, to the Lehigh Valley RR. Co..
which owns the entire capital stock.
BALANCE SHEET, June 30, 1902. — Capital
stock ($100 shares), $5,900,000; funded debt (1st
gold 4Js of July 1, 1940), $15,000,000; advances by
L. V. RR. Co., $3,906,498 — total, representing cost,
etc., $24,806,498.
FUNDED DEBT. — The bonds are guaranteed,
both principal and interest, by the L. V. RR. Co.
They are secured on the above mileage and on
terminal property in Buffalo covering about 500
acres and having an extensive frontage on Lake
Erie and on Buffalo Creek.
MIDDLESEX VALLEY RR. — Naples to
Geneva, N. Y., 29.43 m. ; total track (steel; 60
Ibs.), 32.39 miles.
HISTORY. — Chartered May 11, 1892; road
opened as above in fall of 1894. On Dec. 2, 1895,
the entire capital stock was acquired by the
Lehigh Valley RR. Co. (See Manual for 1896,
page 590.)
POORS MANUAL LEHIGH VALLEY SYSTEM.
689
25. RAILROADS CONTROLLED BY OWNERSHIP OF A MAJORITY OF CAPITAL STOCK.
LEHIGH AND NEW YORK RR. — Penn.
State Line to North Fair Haven, N. Y.( 115.37 m. ;
total track, 143.99 miles. Rail (steel, 115.37 m.),
58 to 70 Ibs.
HISTORV. — Reorganization, Aug. 23, 1895, of
the Southern Central RR. Co. (See Manual for
1895, rage 1396.) Leased for 999 years, from Aug.
24, 1S95, to the L. V. RR. Co., any surplus over
bond interest going to the lessor as rental.
BALANCE SHEET, June 30, 1892. — Capital
stock ($100 shares), preferred, $3,391,648; com-
mon, $411,700 — total, $3,803,348. Funded debt (1st
gold 4s of Sept. 1, 1945), $2,000,000. The L. V.
RR. Co. guarantees the bonds, both as to prin-
cipal and interest.
CORPORATE OFFICERS. — E. B. Thomas,
Pres. ; W. C. Alderson, Treas. : D. G. Baird,
Sec., Phi'.fidelphia, Pa. Office, Buffalo, N. Y.
MONTROSE RY Tunkhannock to Montrose,
Pa., 27.22 m. ; total track, 28.95 miles. Gauges,
3 ft. and (6 m., 3d rail) 4 ft. 8J in. Rail (steel,
2 m.), 40 Ibs.
HISTORY. — Chartered April 15, 1869; road
completed in 1S76. Controlled by the Lehigh Val-
ley RR. Co. through ownership of more than 55
p. c. of the capital stock.
BALANCE SHEET, June 30. 1902. — Capital
stock paid in ($500,000 auth. ; $50 shares), $304,-
900 ; stock subscription, $2,527 ; current liabilities,
$38,251 ; profit and loss, $243 — total, $345,921, rep-
resenting cost of road, etc.
CORPORATE OFFICERS. — E. B. Thomas,
Pres. ; W. C. Alderson, Treas. ; D. G. Baird, Sec.
Office, 22? So. 3d St., Philadelphia, Pa.
PENNSYLVANIA AND NEW YORK
CANAL, AND RR Wilkesbarre, Pa., to New
York State Line, 98.97 m^ branches, 42.03 m. —
total, 141.00 m. ; 2d track; 98.70 m. ; total track
(steel, 394.13 m.), 397.59 miles. Rail, 58 to 76
Ibs. Chartered in 1867 and opened in 1869. Leased
Dec. 1, 1S88, for 99 years, to the Lehigh Valley
RR. Co. The State Line and Sullivan and
Waverly and State Line RRs. (which see) are
leased to this company.
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $1,061,700; funded debt, $10,-
000,000 ; current liabilities, $101,471 — total, $11,-
163,171. Contra : Cost of road, $8,147,969 ; lands
owned, $127,242; profit and loss, $2,887,960 — total,
$11,163,171. The L. V. RR. Co. owns about 99 p. c.
of the capital stock.
FUNDED DEBT, June 30, 1902, consisted of
$1,500,000 1st 7s of June 1, 1906; and $8,500,000
consols. ($4,000,000 5s, $1,500,000 4Js and $3,000,000
4s) of April 1, 1939. Authorized amount of con-
sols., $10,000,000 ; reserved to retire firsts, $1,500,-
000. The L. V. RR. Co. guarantees both issues,
principal and interest.
CORPORATE OFFICERS. — E. B. Thomas,
Pres. ; D. G. Baird, Sec. ; W. C. Alderson, Treas.
Office, 228 So. 3d St., Philadelphia, Pa.
SCHliYLKILL AND LEHIGH VALLEY
RR. — Lizard Creek June, to Blackwood, Pa., and
branches, 41.68 m. ; total track (steel; 76 Ibs.),
47.88 miles.
HISTORY.— Chartered Oct. 9, 1886; opened
Sept. 15, 1890. Controlled by the Lehigh Valley
RR. Co. through ownership of 99.92 p. c. of the
capital stock and all the bonds.
FINANCIAL STATEMENT. — Capital stock
(par, $50), $2,000,000; funded debt (1st gold 5s of
March 1, 1943), $2,000,000 — total, representing cost
of road, $4,000,000.
CORPORATE OFFICERS. — E. B. Thomas.
Pres. ; D. G. Baird, Sec. ; W. C. Alderson, Treas.
Office, 228 So. 3d St., Philadelphia, Pa.
26. RAILROADS OPERATED UNDER LEASE.
HAYTS CORNERS, OVID AND WIL-
LARD RR. — Hayts Corners, N. Y., to Willard,
N. Y., 3.82 m. ; sidings, etc., 3.27 miles. Gauges
(three rails), 3 ft. and 4 ft. 8i in. Rail (steel.
3.82 m.), b% Ibs. The total length of the line is
5.18 m., of which 3.82 m. are maintained and
operated by the L. V. RR., and the remaining
1.36 m. are owned by the State of New York.
The L. V. RR. operates the State's 1.3C m., under
an agreement.
HISTORY. — Chartered Sept. 15, 1882 ; opened in
1883, and leased for 99 years to Geneva, Ithaca
and Sayre RR. Co., now a part of the Lehigh
Valley RR. Co.
FINANCIAL STATEMENT. — Capital stock,
$4,100. Cost of road, $2,279.
CORPORATE OFFICERS. — E. B. Thomas,
Pres. ; ./. F. Covert, Sec., Ovid, N. Y. Office,
Ovid, N. Y.
STATE LINE AND SULLIVAN RR. —
Monroeton to Bernice, Pa., 24.06 m. ; total track
(steel: 58 Ibs.), 29.45 miles.
HISTORY. — Chartered in 1864 as Sullivan and
Erie RR. Co. ; opened in 1867. Sold under fore-
27. OTHER PROPERTIES CONTROLLED
LEHIGH VALLEY COAL CO. — Incorpo-
rated May 29, 1871, as the Green Land Co. Ab-
sorbed the Delano Land Co. on July 26, 1900.
Controlled by the L. V. RR. Co., by ownership
of entire capital stock. (See Manual for 1899,
page 139.)
PRODUCTION OF COAL. — Comparative state-
ment of coal produced by "the colleries in which
this company and the L. V. RR. Co. are inter-
ested ; years ending June 30 :
1902
Tons
Lehigh Valley Coal Co.. . . 3,049,755.12
Tenants of L. V. Coal Co. 1,250,302.01
Other Tenants 1,320,814.13
Total Tonnage. . . .
1901
Tons
3,323,977.02
1,281,543.10
1.173,646.05
closure Oct. 14, 1874 ; reorganized as S. L. & S.
Ry. Co., Dec. 2, 1874. Leased for 50 years, May
1, 1884, to the P. & N. Y. C. & RR. Co. ; rental,
$40,000 per annum. The company's mines are
not included in the lease. (See Manual for 1895,
page 510.)
BALANCE SHEET, June 30, 1902. — Capital
stock ($50 shares), $980,250; funded debt (1st
gold 4Js of Jan. 1, 1929), $295,000; current liabili-
ties, $158,500 — total, $1,433,750. Contra : Cost of
road, etc., $625,000 ; stocks and bonds, $26,125 ;
other permanent investments, $101,801 ; lands,
$500,000 ; cash and current assets, $114,886 ; profit
and loss, $65,938 — total, $1,433,750.
SINKING FUND. — There is a sinking fund
provision under which the bonds may be called
for redemption at 105 until Jan. 1, 1911, and
thereafter at par. Total amount of bonds, $295,-
000 ; retired by action of sinking fund, $20,000 ,
outstanding, $275,000.
CORPORATE OFFICERS. — N. N. Betts, Pres.,
Towanda, Pa. ; Chas. H. Davis, Vice-Pres., New-
York, N. Y. ; E. D. Ackley, Sec. & Treas., Phila-
delphia, Pa. Office, 204 Walnut Place, Philadel-
phia, Pa.
BY THE LEHIGH VALLEY RR. Co.
INCOME ACCOUNT, year ending June 30, 1902.
— Coal sales, $19,484,661.49 ; commissions, $125,-
500.76 ; royalties, $178,987.95 ; rents, $28,544.18 ; gen-
eral interest, $47,650.85 ; dividends and interest,
$20,346.50 ; timber sold, $10,385.57 ; miscellaneous,
$542.76 — total, $19,896,620.06. Operating expenses,
?20,071,3^5.48. Deficit, $174,775.42 ; add interest on
Snow Shoe bonds, $18.350 ; on Delano Land Co.
bonds, $55,100 ; colliery improvements, $320,456.95
—total deficit, $568,682.37.
INCOME AND PROFIT AND LOSS ACCOUNT,
7 months ending June 30, 1902. — Earnings and in-
come, $10,807,031.92. Expenses and taxes, $11,074,-
711.88. Snow Shoe and Delano bond interest, $42,-
845.84 — total, $11,117,557.72. Deficit. $310,525.80 ;
5,620,872.06 5,779,166.17 , debit balance, Nov. 30, 1901, $2,764,448.86; un-
690 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
collectible accounts and sundry adjustments, $12,-
868.81 — total, $3,087,843.47. Credit : Sundry re-
ceipts belonging to previous years, $4,719.04.
Debit balance, June 30, 1902, $3,083,124.43.
BALANCE SHEET, June 30, 1902. — Capital
stock, $1,000,000'; funded debt, $17,983,000; depre-
ciation of coal lands per sinking funds, $7S3,-
040.63 ; advanced royalties, $102,239.14 ; current lia-
bilities, $536,411.19 — total, $20,404,690.96. Contra:
Coal lands, $4,814,716.50 ; colliery improvements,
$3,214,285.30 ; coal storage properties and plants,
$607,581.94 ; other real estate, $8,454.25 ; treasury
stock ( issued in exchange for stock of Delano
Land Co. ) , $350,000 ; securities owned ( stocks and
bonds, $357,762; mortgages receivable, $4,876.23),
$362,638.23; advanced royalties, $5,198,773.19; ad-
vanced insurance premiums, $15,024.23 ; trustees
of sinking funds, $540,265.68 ; current assets, $1.-
722,170.18 ; stock of coal on hand, $262,678.92 : ma-
terials, etc., $224,978.31; profit and loss, $3,083,-
124.43 — total, $20,404,690.96.
FUNDED DEBT, June 30, 1902, consisted of (!"»
$11,514,000 1st 5s of Jan. 1, 1933; (2) $5,000,000 1st
5s of May 1, 1947; (3) $367,000 Snow Shoe 1st 5s
of Jan. 1, 1910, and (4) $1,102,000 Delano Land 1st
5s of Jan. 1, 1932. The L. V. RR. Co. owns the
bonds of 1947 and guarantees the Ists of 1933 and
the Delano Land bonds, both as to principal and
interest ; the Snow Shoe bonds arc not guaran-
teed. The 1st mtge. bonds of 1933 are secured on
16,290 acres of land owned by the company, 7,437
acres of which are within the coal measures and
estimated to yield at least 124,000,000 tons of
merchantable coal. The mortgage provides for
a sinking fund of 10 cents for each ton of coal
shipped from the mortgaged property, with a
minimum of $25,000 per annum. Under this pro-
vision $30,954.85 was set aside during the seven
months ending June 30, 1902, to be applied to the
purchase of bonds for cancellation. Trustee :
E. P. Wilbur Trust Ce., South Bethlehem, Pa.
The $5,000,000 mtge. bond of 1897, owned by the
L. V. RR. Co., is a first lien on anthracite coal
lands and interests in Schuylkill County, Pa.,
covering about 8,000 acres, of which about 6,000
are within the coal measures and estimated to
yield about 237,000,000 tons of merchantable coal,
and is also secured on bituminous coal lands in
the same State, which cost $975,000, subject to a
lien of $500,000, and on wharves and yards in
Chicago, costing about $500,000 (hubject to $200,-
000 lien on one wharf), and in West Superior,
Wis., costing about $350,000. In addition to the
anthracite coal directly covered, the mortgage
embrares, through ownership of stocks of coal
companies, about 240,000,000 tons of merchantable
coal, not covered by any other mortgage. The
bond also has a junior lien on the property cov-
ered by the first mortgage. Trustee : The Girard
Trust Co., Philadelphia, Pa. The Snow Shoe
bond;-- are secured on property in Centre County,
Pa. The Delano Land bonds are secured on 5,229
acres in Rush Township, Schuylkill County, Pa.
There is a minimum sinking fund of $30,000 per
annum ; bonds may be retired at par or under.
The interest and sinking fund of these bonds are
provided from royalties on coal mined from the
property. Trustee : The Girard Trust Co., Phila-
delphia, Pa.
STOCKS AND BONDS OWNED. — 6,304 shares
(par, $315,200) Locust Mountain Coal and Iron
Co. stock ; and $20,000 L. V. RR. 6 p. c. annuity
bonds.
DIRECTORS. — J. A. Middleton, Israel W.
Morris, Charles Steele, Edward T. Stotesbury.
Wm. H. Sayre, S. D. Warriner. Officers : E. B.
Thomas, Pres. : W. H. Sayre, Vice-Pres. ; J. A.
Middleton, 2d Vice-Pres.; D. G. Baird, Sec.; W.
C. Alderson, Treas. ; S. D. Warriner, Gen. Mgr.,
Philadelphia, Pa. Office, 228 So. 3d St., Phila-
delphia, Pa.
MORRIS CANAL AND BANKING CO. —
Length of Canal — Jersey City, N. J., to Phillips-
burg, N. J., 102.38 m., with the following feeders:
Lake Hopatcong, in Morris Co., 0.5 m., and
Pompton feeder, in Passaic Co., 3.6 m. — total,
106.48 miles.
TERMS OF LEASED— Leased for 999 years from
April 1, 1871, to the Eehigh Valley RR. Co., the
lessee assuming bonds and paying 10 p. c per
annum on preferred stock and 4 p. c. on con-
solidated stock.
FINANCIAL STATEMENT. — Capital stock
(consol. 4 p. c. guaranteed, $1,025,000; preferred
10 p. c. guaranteed, $1,175,000), $2,200,000 funded
debt (1st 6s of Oct. 1, 1920, int. A. & O.), $500,000
— total, $2,700,000.
CORPORATE OFFICERS. — E. B. Thoma?,
Pres. : D. G. Baird, Sec. ; W. C. Alderson, Treas.,
Philadelphia, Pa. Office, Jersey City, N. J.
28. Board of Directors, Lehigh Valley RR. Co., elected January 20, 1903.
EBEN B. THOMAS, Chairman of Board. . . .26 Cortlandt Street, New York, N. Y.
B. Borie Philadelphia, Pa.
Joseph Wharton
E. T. Stotesbury "
Irving A. Stearns. .Drifton, Pa.
George F. Baer. . .Reading, Pa.
R. C. Lippincott, Philadelphia, Pa.
Chas. Steele... New York, N. Y.
N. B. Ream... " "
Ab. Nesbitt. . . Wilkesbarre, Pa.
H.McK.Twombly.New York.N.Y.
G. F. Baker
J. R. Maxwell...
E. B. THOMAS, President Philadelphia, Pa.
J. A. Middleton, 2d Vice-President Philadelphia, Pa.
Robert H. Sayre, Assistant to President South Bethlehem, Pa.
Treasurer — Wm. C. Alderson. .Philadelphia, Pa.
G>;n. Auditor — G. N. Wilson. .. .Philadelphia, Pa.
Secretary — D. G. Baird Philadelphia, Pa.
Asst. Secretary — E. A. Albright.. New York, N.Y.
PRINCIPAL OFFICE AND ADDRESS . . No. 228 South Third St., Philadelphia, Pa.
PENNSYLVANIA RAILROAD SYSTEM.
Mileage of the System, Dec. 31, 1902.— A. LINES EAST OF PITTSBURGH AND
ERIE (total, 5,811.59 miles).
Baltimore, Chesapeake and Atlantic Railway 87.66 miles.
Cumberland Valley Railroad Lines
Long Island Railroad Lines
Northern Central Railway. Lines
Pennsylvania Railroad Lines 3,663.32
Philadelphia, Baltimore and Washington Railroad Lines 711.81
West Jersey and Seashore Railroad 329.52
B. LINES WEST OF PITTSBURGH AND ERIE (total, 4,744.39 miles).
Cincinnati, Lebanon and Northern Railway 51.76
Cleveland, Akron and Columbus Railway 177.43
( Continued on next page.),
POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM.
691
Brought forward 6,040.78 miles.
Grand Kapids and Indiana Railway Lines 582.49
Pittsburgh, Fort Wayne and Chicago Railway Lines 1,338.16
Pittsburgh, Cincinnati, Chicago and St. Louis Railway Lines 1,644.66
Pittsburgh, Chartiers and Youghiogheny Railway 18.32
Terre Haute and Indianapolis Railroad Lines 672.72
Toledo, Peoria anjl Western Railway 230.70
Waynesburg and 'Washington Railroad 28.15
Total length of the system, Dec. 31, 1902 10,555.98 miles.
Summary of Track Mileage, Deo. 31, 1902.
First Second
Track. Track.
Lines East of Pittsburgh and Erie 4,744.39 788.76
Lines West of Pittsburgh and Erie 5,811.59 1,527.48
Totals 10,555.98 2,316.24 526.38 406.05 5,915.94 19/T20.59
As shown by the maps on pages 693 and 753, the system extends from the city of Xew
York westerly to the Great Lakes and to the Mississippi, with lines running southerly
to Chesapeake Bay, to the Potomac and to the Ohio, and easterly to the end of Long Island.
The lines east of Pittsburgh and Erie are managed by the Pennsylvania RR. Co., while
those west of the cities named are managed by the Pennsylvania Co., all of whose
capital stock is owned by the Pennsylvania RR. Co. Those companies, however, do
not directly operate all the lines they manage, as will be seen by reference to the separate
statements appended hereto.
Dec. 31, 1902. — Locomotives (passenger, 1,359; freight,
Passenger and freight cars and floating equipment, as
Third
Track.
63.63
462.75
Fourth
Track.
43.58
362.47
Side Total
Track. Track.
2,449.27 8,089.63
3,466.67 11,630.96
Equipment (all lines)
2,618; shifting, 677), 4,654.
follows :
Passenger Train Cars .
Passenger 3,040
Parlor 70
Dining .'.. 40
Combination 574
Bag., Mail and Express. . 1,131
Horse 7
Electric Motors 9
Street 90
Dynamometers 1
Freight Train Cars.
Box 74,992
Refrigerator 2,784
Stock 6.43S
Gondola and Flat 120,636
Stone 61
Lime 50
Cabin 2,256
Tank 595
Miscellaneous , 4
Floating Equipment .
Ferryboats 45
Passenger Steamboat 1
Steam Launches 4
Tug Boats 37
Steam Lighters 4
Barges 92
Flat Scows 33
Dump Scows 4
Car Floats 83
Canal Barges 22
Dredgers 3
Total 4,962 Total 207,816 Total 328
Maintenance of way equipment (cabin and camp, 210; tool and block, 316; grading,
4; pile drivers, 9; rapid unloaders, 3; snow plows, 25; snow sweepers, 3; derricks,
153; steam shovels, 21; water tank, 1; test weight, 5; stone and wood trucks, ballast
and flat cars, 1,756; gravel dump cars, 113; hand cars, velocipedes, etc., 2,990; hand
trucks, 2,976; miscellaneous, 18; cinder, 9), 8,612.
Traffic operations, earnings and expenses for all lines owned, operated or controlled
by or affiliated in interest with the Pennsylvania Railroad System east and west of
Pittsburgh and Erie, for the years ending Dec. 31, 1901 and 1902.
KASTERN LINES.
WESTERN LINES.
ALL LINES.
1901
1902
1901
1902
1901
1902
Miles Road Operated
5,787.01
82,282,499
1,748,186,771
153,046,281
14,474,934,850
$
132,181,403 87
86,820,846 50
5,836.36
90,439,163
1,953,606,301
164,967,834
15,795,933,765
1
145,649,763 99
98,136,904 47
4,698.20
22,188,802
620,917,699
90,361,754
7,454,043,109
$
66,445,474 27
46,892,539 75
4,947.60
25,409,678
713,609,042
104,545,045
8,031,071,569
$
74,200,100 49
54,083,367 36
10,485.21 10,783.96
104,471,301 115,848.841
2,369,104,470 2,667,215,343
243,408,035 2(59,512,879
21,928,977,959 23,827,005,334
$ $
198,626,878 14 219,849,864 48
133,713,386 25 152,220,271 83
Passengers Carried
Tons Freight Moved
Freight Ton Miles
Gross Earnings
Operating Expenses
Net Earnings.
45,360.557 37
22,841 06
15,002 71
7,838 35
65.68 p.c.
47,512,859 52
24,955 58
16,814 74
8.14084
67.38 p.c.
19,552,934 52
14,142 75
9.980 96
4,161 79
70.57 p.c.
20,116,733 13
14,997 19
10,931 24
4,06595
72.89 p.c.
04.913,491 89
18,943 53
12,752 57
6,190 96
67.03 p.c.
67,629,592 65
20.386 74
14,115 43
6,271 31
69.23 p.c.
Gross Earnings per Mile
Oper. Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
692 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
The following is a condensation of the income accounts of all transportation com-
panies east and west of Pittsburgh and Erie that are owned, operated or controlled
by or affiliated in interest with the Pennsylvania RR. Co., for the year ending Dec.
31, 1902:
Companies.
Gross
Earnings.
Net
Earnings.
Other
Income.
Gross
Income.
Interest, Ren-
tals, Divi-
dends, and
Other
Charges.
Surplus
or Deficit.
East of Pitlsburg
and Erie.
Penn. RR. Co
*P..W.&B.RR.Co.
W.J. & Sea.RR.Co.
Nor. Cent. Ry. Co.
Cumb.Val. RR. Co.
Indep. Cos., East. .
Cos.East.Tot. 1902
Cos.East, Tot. 1901
Increase
S
112,663,330 13
12,231,194 18
3,893,798 86
8,456,685 19
1,256,500 66
7,148,254 97
$
37,612,258 96
3,989,698 49
1,002.390 90
2,351,590 20
360.327 08
2,196,593 89
$
9,039,876 94
566,489 97
23,190 14
575,607 78
18,375 05
343,011 60
$
46,652,135 90
4,556,188 46
1,025,581 04
2,927,197 98
378,702 13
2,539,605 49
$
46,101,192 29
4,556,188 46
1,025,581 04
2,797,631 07
305,147 15
2,576,687 35
S
S. 550,943 61
S. 129,566 9l
S. 73,554 98
D. 37,081 86
145,649,763 99
132,181,403 87
47,512,859 52
45,360,557 37
10,566,551 48
10,128,963 30
58,079,411 00
55,489,520 67
57,362,427 36
55,594,534 86
S. 716,983 64
D. 105,014 19
13,468,360 12
33,025,648 39
26,634,357 54
4,014,775 56
8,168,256 62
2,357,062 38
2,152,302 15
9,717,219 25
6,673,905 32
957,356 18
2,093,063 87
675,188 51
437,588 18
5,413,983 32
179,376 86
1,562 50
71,018 46
22,217 65
2,589,890 33
15,131,202 57
6,853,282 18
958,918 68
2,164,082 33
697,406 16
1,767,892 50
14,175,177 56
6,715,202 14
881,997 26
1,462,741 68
292,496 52
S. 956,025 01
S. 138,080 04
S. 76,921 42
S. 701,340 65
S. 404,909 64
West of 1'ittsburg
and Erie.
Pennsylvania Co. ..
P.,C.,C.&St.L.Ry. .
Gr.Rap.&In.Ry.Co.
Indep. Cos., West. .
Operated by V. T.
Malott, Receiver
T.Haute&In.RR. 1
T.H.&PeoriaRR. f
Cos.West.Tot. 1902
Cos. West.Tot. 1901
Increase
74,200,100 49
66,445,474 27
20,116,733 13
19,552,934 52
5,688,158 79
3,943,065 95
!>5,804,891 92
23,496,000 47
23,527,615 16
20,208,531 82
S 2,277,276 76
S 3,287,468 65
7,754,626 22
563,798 61
1,745,092 84
2,308,891 45
3,319,083 34
Grand Tot., 1902)
(10,783.96 miles) /
Grand Tot., 1901 1
(10,485.21 miles) j
Inc. (298.75 miles)
219,849,864 48
198,626,878 14
67,629,592 65
64,913,491 89
16,254,710 27
14,072,029 25
83,884,302 92
78,985,521 14
80,890,042 52
75,803,066 68
S 2,994,260 40
S 3,182,454 46
21,222,£86 34
2,716,100 76
2,182,681 02
4,898,781 78
5,086,975 84
* For the year ending October 31, 1902.
PENNSYLVANIA RAILROAD COMPANY.
(For map of this System, see page 693J
INDEX TO THIS STATEMENT — REFERENCES TO NUMBERS OF SECTIONS.
Bonds Authorized 28
Bonds Owned 34
Cap. Expenditures, W. Pitts. 22
Capital Stock, P. RR. Co 17
Cap. Stock, Lines W. of Pitts. 23
Car Trusts, Remarks on 21
Coal Properties, Earn., etc. . 15
Current History 38
Directors and Officers 42
Dividends Paid by P. RR. Co. 16
Earnings, etc., 1865-1902 9
Earnings, Exp., etc., 1902. . . 6
Floating Equipment 5
Freight Business, P. RR.
Div., 1865-1902 14
Freight Traffic, etc., 1865-1902. 12
Funded Debt, Details of 27
Funded Debt, Lines W. Pitts. 23
Gen. Bal. Sheet, 1896-1902... 37
Gen. Bal. Sheet 26
Guaranteed Bonds 29
History 1
Income Account 8
Income Accounts, Lines E.
Pitts, and Erie 7
Income from Bonds Owned.. 34
Income from Stocks Owned.. 33
Insurance Fund 31
Leased Lines, Statements for 40
Mileage of Track 3
Mileage Operated 2
Operations and Income 6,7
Oper. P. RR. Div., 1896-1902. 10
Passenger Business, P. RR.
Div., 1893-1902 11
Pass. Traffic, etc., 1865-1902.. 13
Property Charged in Con-
struction Account '. 30
Relief Dept. Statement 32
Relief Fund Surplus 32
Rolling Stock 4
Securities Owned, J895-1902.. 36
Sinking Funds, Remarks on. 19
Stocks Owned 33
Subsidiary Lines 39-41a
1. History.— Chartered April 13, 1846; main line from Harrisburg to Pittsburgh
opened Feb. 15, 1854. Between Harrisburg and Philadelphia the line is made up
of the Philadelphia and Columbia RR. (formerly a State work) and the Harrisburg,
Portsmouth, Mount Joy and Lancaster RR., the former purchased in 1857 and the
693
G94 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
latter leased in 1861. (See MANUAL for 1892, page 834.) The other lines were acquired
from time to time as shown in previous numbers of the MANUAL. The Trenton Cut-off
RR. and the Schuylkill and Juniata RR., two of the company's leased railroads, were
absorbed by consolidation on April 1, 1902. Six other of the leased or operated roads —
the Western Pennsylvania, the South Fork, the Turtle Creek Valley, the West Chester,
the Downingtown and Lancaster and the Riverfront — in which the Pennsylvania RR.
Co. was the only stockholder, were absorbed by consolidation after Dec. 31, 1902.
Statements for those roads will be found subjoined hereto.
2. Mileage Operated, Dec. 31, 1902.— A. LINES OWNED (total, 833.87 miles) :
Main Line: Harrisburg to Pittsburgh, Pa 248.25 miles.
*Steubenvillc Extension: Washington St., Pittsburgh, to Birmingham, Pa. 1.23
Philadelphia and Columbia RR.: West Philadelphia to Columbia, Pu 79.79 "
Filbert Street Ext.: Broad St. Station, Phila., to West Phila., Pa 0.97
Columbia Section: P. RR. in Columbia, Pa 0.53 "
Extensions in Philadelphia: Delaware Extension, 7.84 m. ; Girard Point
f Branch, 2.06 m. ; Swanson Street Branch, 1.22 m. ; Schuylkill River
Branch, 3.19 m.; 42d Street Branch, 0.14 m 14.45
Schuylkill Division: West Philadelphia to Pottsville. Pa 91.44
Pencoyd Branch: Manayunk to Pencoyd, Pa 1.28
Phoenixville Branch: Frazer to Phoenixville, Pa 10.05
Reading Branch: Court St. to Sixth St., Reading, Pa 0.98
Primrose Branch: Pottsville to Primrose, Pa 7.49
Trenton Branch: Glenlock to Morrisville, Pa 45.64
Frazer Branch: Frazer, Pa., to junction with West Chester RR l.GO '
Lancaster Cut-off: Conestoga Junction to Dillerville Junction, Pa 2.42
*York Branch: Columbia to York, Pa 12.88 "
*Rockville Branch : Rockville to Dauphin, Pa 2.82
Tyrone Branch : Tyrone to Vail, Pa 3.15 '
Hollidaysburg Branch: Altoona to Morrison's Cove Junction, Pa., and
branches to Portage Iron Works and to Newry, Pa . 10.90 '
Morrison's Cove Branch: Morrison's Cove Junction to Henrietta, Pa.... 18.90 '
Martinsburg Branch: Martinsburg Junction to Martinsburg, Pa 0.70 '
Bloomficld Branch: Roaring Spring to Ore Hill, Pa 3.00 '
Petersburg Branch: Morrison's Cove Junction to Petersburg Junction, Pa. 31.61
Canoe Creek Branch: Junction Petersburg Branch to Moore's Mill, Pa.. 2.62 '
Crissman Branch: Junction Canoe Creek Branch to Terminus 1.24
Clapper Branch: Junction Canoe Creek Branch to Terminus 0.76 '
Springfield Branch : Springfield Junction to Oreminea, Pa 8.20
Clover Creek Branch: Clover Creek Junction, Pa., to Terminus 2.38 "
Lilly Branch: Lilly, Pa., to Coal Mines 2.12
Ben's Creek Branch: Ben's Creek, Pa., to Coal Mines 1.61
Martin's Branch: Main Line, near Portage, Pa., to Coal Tipple 3.63
Sonman Branch : Sonman, Pa., to Terminus 0.77
Summerhill Branch: Summerhill to South Fork, Pa 2.03
„ , .„ „ , ( Bradenville Junction to Coal Works 2.89
Bradenmlle Branch : { Ligonier Junction to Coal Works 0.90
Brush, Creek Branch : Jeannette, Pa., to Terminus 0.54
Johnstown Branch: near Conemaugh to Johnstown, Pa 1.60
Indiana Branch: Blairsville Intersection to Indiana, Pa 18.91
Tearing Run Branch: Tearing Run Junction, Pa., to Terminus 0.83
Homer and Cherry Tree Branch: H. & C. T. Junction, Pa., to Terminus. . . . 0.45
Alexandria Branch: Donohoe to New Alexandria, Pa., and Salem Coal Wks. 8.12
Bull Run Branch: Jeannette, Pa., to Terminus 0.72
Manor Branch: Manor to Claridge, Pa 4.30
Youghiogheny Branch: Irwin to Gratztown, Pa 10.19
East Pittsburgh Branch: Stewart, Pa., to Carnegie's Union RR 5.90
Port Perry Branch: near East Pittsburgh to Thomson, Pa 1.32
Sunbury Division : Sunbury to Tomhicken 43.44
Wilkesbarre Branch: Catawissa to Wilkesbarre, Pa 43.13
Clenlyon Branch : Nanticoke to Glenlyon, Pa 4.69
Nanticoke Branch: Nanticoke to West Nanticoke, Pa 0.61
Nescopec Branch: Rock Glen Junction to Nescopec, Pa 11.96
(Continued on next page.)
POOR S MANUAL — PENNSYLVANIA RR. CO.
695
Brought Forward 770.54m les.
Pottsville Branch: Pottsville to New Boston Junction, Pa 9.80
Morea Branch: Morea to Morea Breaker, Pa 1.00
Shenandoah Branch: Frackville to Shenandoah, Pa 4.98
Colliery Branch: Shenandoah Junction to Win. Penn Colliery, Pa 2.54
Lewistown Division: Selinsgrove Junction to Lewistown Junction, Pa.... 44.74
Milroy Branch: Lewistown to Milroy, Pa 11.14
Total length of lines owned by P. RR. Co 850.80 miles.
*Deduct lines owned but not operated by P. RR. Co 16.93 "
Total length of lines owned, operated by P. RR. Co 833.87 miles.
B. OPERATED UNDER LEASES (total, 2,348.91 miles).
Allegheny Valley Ry
Bald Eagle Valley RR
Belvidere Delaware RR
Caniden & Burlington County RR.
Colum., Kinkora & Spring. RR..
Connecting Ry
Freehold & Jamesb'g Agr. RR..
Har., Ports., Mt. Joy & Lane. RR.
Johnsonburg RR
Lcwisburg & Tyrone RR
Mt. Holly, Lumbert. & Medf. RR.
Phila. & Beach Haven RR
Philadelphia & Erie RR
Phila. & Long Branch RR
Philadelphia & Trenton RR
Pitts., Va. & Charleston Ry
Pomeroy & Newark RR
Ridgway & Clear-field RR
River Front RR
C. OPERATED UNDER CONTRACTS OTHER THAN LEASES (total, 454.92 miles).
260.51 m.
Brought Forward
1,236.46
92.63 m.
Rocky Hill RR
2.38
81.00m.
29.61 m.
Southwest Pennsylvania Ry.
Tyrone & deal-field Ry
128.71
141.64
10.84m.
36.19m.
United RR. of New Jersey . .
Vincentown Branch RR
144.91
2.84
27.54m.
West Chester RR
5.22
52.64 m.
19.69 m.
Western New York & Pa. Ry.
Bradford Ry
382.32
2.51
85.12m.
5.95 m.
1209m.
Genesee Valley Canal RR.
Genesee Valley Tenn. RR.
Kinzua Ry.
. 98.54
2.46
. 14.04
307.01 m.
Kinzua Valley RR
10.00
49.07 m.
26.50m.
81.52m.
26.70m.
McKean & Buffalo RR
Olean, Brad. & Warren Ry.
Roch., N. Y. & Pa. RR....
Union Terminal RR
22.31
2.29
12.00
2.30
27.23 m.
4.62 m.
Western Pennsylvania RR . .
137.98
Bedford & Bridgeport Ry 49.17m.
Cambria & Clearfield RR 104.76 m.
Cresson & Trvona RR 29.51m.
Del. River RR. & Bridge 10.27 m.
Downington & Lancaster RR.. . . 37.58 m.
Ebengburg & Black Lick RR 20.88 m.
Lancaster & Reading N. G. RR. . 15.21 m.
Masontown & New Salem RR. . . 6.04 m.
Millstone & New Brunswick RR. . 6.64m.
Brought Forward 280.06
Monong. & Washington RR. 14.60
New York Bay RR. 10.92
Pennsylvania & Northw. RR. 78.64
Perth Amboy & Woodb. RR.. 6.40
South Fork RR 44.94
Tipton RR 4.44
Trenton Delaware Bridge.... 0.19
Turtle Creek Valley RR 14.73
Total railroad mileage operated by P. RR. Co 3.637.70 miles.
Delaware and Karitan Canal (U. N. J. RR. & C. Co.) 66.00 "
Hudson River Ferries (U. N. J. RR. & C. Co.) 1.00 "
Pennsylvania Annex: Jersey City, N. J., to Brooklyn, N. Y 1.00 "
Total mileage operated by P. RR. Co., Dec. 31, 1902 3,705.70 miles.
2d track on lines owned (850.80 miles of first track), 425.17 m.; 3d track, 296.57 m.;
4th track, 234.85 m. ; sidings, 935.42 m. ; total mileage of track owned, 2,742.84 miles,
of which 2,730.65 miles are laid with steel rails. Gauge, 4 ft. 9 in. Rail, 56 to 100
Ibs. P. RR. standard.
2a. Lines Owned but Not Operated by P. RE. Co.— The Steubenville Exten-
sion is operated by the Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co., and
the York and Rockville Branches by the Northern Central Ry. Co.
3. Track Mileage Operated by P. RR. Co.— The following statement shows, by
operating divisions, the track mileage of the various lines operated directly by the
Pennsylvania RR. Co. on Dec. 31, 1902:
(Continued on page 696.)
006 POOR'S MANUAL RETl-R.NS RECEIVED TOO LATE FOR CLASSIFICATION.
NAME OF LINE.
First
Track.
Second
Track.
Total
Track.
NAME OF LINE.
First
Track.
Second
Track.
Total
Track.
United BRs. of N.J. Div.
NEW YORK DIVISION.
Un. N.J.RR.&C.C.Co.'sRR
M. M.
56.54 56.54
1.55 1.45
1.47 1.09
3.68 2.21
4.36 4.36
0.67)
0.16
2.05 1.67
6.40 4.67
1.89
6.64
M.
.•*67.23
39.36
5.52
7.05
11.53
0.67
0.16
4.39
14.99
2.37
7.91
4.19
3.49
7.69
0.76
135.89
1.96
9.43
2.19
0.39
107.43
9.76
0.76
1.24
7.72
SCHUYLKILL DIVISION.
Schuylkill Div. P. RR ....
Pencoyd Branch
M.
91.44
1.28
M.
24.00
M.
180.61
1.61
14.10
2.59
10.73
209.64
10.92
594.58
5.78
611.28
49.49
11.00
Phoenixville Branch. . .
Sixth Street Branch
Primrose Branch
Total Schuylkill Div
MIDDLE DIVISION.
Har., P.,Mt. J. & L. RR. . .
Pennsylvania RR
10.65
0.98
7.49
111.84
0.99
125.37
4.44
0.40
24.40
0.99
125.37
Centre Street Branch... .
New York Bay RR
Lister Branch
Newark Bay Br . . . .
W. Newark Branch . .
P. Amboy AWoodb. RR .. .
Bonhampton Branch ....
Millstone &N. Brnswk. RR.
Tipton RR
Rocky Hill RR
2.38
Total Middle Division.. .
BEDFORD DIVISION.
Bedford & Bridgeport Ry. .
Dunning's Creek Br
Total Bedford Division .
TYRONE DIVISION.
Tyrone Branch P. RR.
130.80
38.70
10.47
126.36
3.11
Trenton Dela. Bridge
Phila & Trenton RR
0.19
26.50
0.68
2.77
0.76
0.24
36.19
4.82
0.69
0.90
3.86
0.19
26.50
0.68
2.27
'13.49
4.41
0.07
3.86
TVoTi Oiit-nfT P RT?
River Front RR
Commerce St. Branch . .
Canal St. Branch
49.17
3.15
19.90
5.30
2.08
51.20
22.22
4.72
2.05
2.99
49.63
0.78
11.98
2.43
8.81
0.83
1 32
60.49
23.67
21.10
6.11
2.14
64.86
27.19
5.16
2.89
6.36
77.20
1.10
20.31
2.73
10.77
1.00
2.08
1.11
0.44
0.11
8.62
5.46
2.09
1.74
1.26
1.02
2.98
3.04
2.70
1.04
12.56
4.04
5.60
1.42
3.57
2.15
5.68
0.78
3.83
3.13
1.37
4.44
1.88
1.82
1.08
2.45
1.82
Del. Riv. RR.& Bridge .
Branch No. 1
Branch No. 2
Lewis. & Tyr.RR.(W.End)
Scotia Branch
Juniata Branch
Bald Eagle Valley RR. . . .
Snow Shoe Branch . . .
Sugar Camp Branch. .
Grauer Branch ....
Bellefonte Branch
Tyrone & Clearfield Ry . . .
Osceola Branch
Moshannon Branch
Big Run Branch
Mosh. & Clear. Br
Beaver Branch
Branch No 3
Total New York Div ....
AMBOY DIVISION.
Un.N.J.RR.&C.Co.'sRR. .
172.66
61.22
5.59
27.54
6.10
10.84
2.17
22.46
7.15
5.95
2.84
46.09
1.80
1.18
12.09
123.46
31.44
5.58
0.74
1.04
754.07
205.10
13.69
36.66
9.73
11.95
2.41
30.06
12.47
6.99
3.39
51.18
2.02
1.51
14.54
7.76
4.58
Freeh.&James.Agri.RR..
Bordentown Branch ....
Col., Kin. & Spring. RR.
Florence Branch
Cam. <fe Burl. Co. RR. . . .
Burl.&Mt.HollyBr. ..
Mt. H., Lumb.&Med.RR
Vincentown Br. RR. .
Phil. & Long Br.RR....
Brown's Mills Branch .
Isl. Heights Branch . .
Phil. & Beach Haven RR.
Total Amboy Division.
BELVIDERE DIVISION.
Belvidere Delaware RR.. . .
East Trenton Branch. . .
Flemiugton Branch ....
Martin's Creek Branch.. .
Millham Br. U. RRs
Total Belvidere Division.
Total U.RRs. ofN.J.Div.
Pennsylvania BE. Div.
PHILADELPHIA DIVISION.
Filbert St. Extension ....
Pennsylvania RR
Barnes Branch
Ednie Branch
Forsyth Branch
Coal Run Branch
Morgan Run Branch .
Goss Run Branch.No.l..
Goss Run Br.No. 2 ...
Goss Run Br., No. 3 . .
Houtzdale Branch
Amesville Branch
Amesville Br. Ext
Amesville Br., No. 3. .
Kendrick Branch
Madera Branch
Little Muddy Run Br..
Muddy Run Branch. .
Smoke Run Branch. . .
Banian Branch
Betz Branch
0.74
0.34
0.11
6.72
4.05
1.91
1.56
1.26
0.74
2.39
2.08
2.39
0.70
8.44
3.08
3.35
0.99
2.66
1.70
213.02
67.49
1.67
11.55
0.29
1.11
82.11
38.80
0.81
:::::••
i.n
1.92
401.70
142.69
2.61
13.01
0.38
2.87
161.56
467.79
0.97
79.79
1.70
7.84
1.22
2.06
1.49
0.85
0.14
1.60
5.22
164.18
0.97
79.79
1.66
7.63
1.22
1,317.33
9.15
402.56
10.80
65.64
3.59
12.58
1.65
1.36
0.57
2.07
7.12
112.11
41.27
28.71
1.64
9.17
18.14
97.83
47.28
Pine Run Extension.. .
Beulah Branch
4.90
0.54
Mapleton Branch, No. 1 ...
Mapleton Branch, No.2 .
Mapleton Br., No. 3. ..
Philipsburg Branch
Derby Branch. . ...
3.20
2.24
0.92
3.49
1.19
Schuylkill River Br
Delaware Extension
Swanson Street Br. . . .
Girard Point Branch .
Schuylkill R.Br.Ex.
River Front RR
Fifty-second St. Br
Graham Branch. .
1.58
o.ii
Liveright Branch
0.97
1 62
Frazer Branch
West Chester RR
Total Tyrone Division . .
ALTOONA JDrvisiON.
255.25
7.14
10.90
18.90
3.00
0.70
31.61
2.62
1.24
14.16
7.14
1.04
362.02
147.27
20.22
20.34
3.74
1.15
41.12
2.76
1.34
Trenton Br. P. RR
Downingtown & Lanc.R.
Pom. & Newark RR
Columbia Sec. P. RR . . .
Lancaster Cut-off P. RR. . .
Lan. & Read.N.Gauge RR.
Bar., Port., Mt. J. & L. RR.
44.96
37.58
26.70
0.53
2.42
15.21
33.50
18.15
44.96
2.42
Hollidaysburg Branch.. .
Morrison's Cove Branch .
Bloomfield Branch... .
Martinsburg Branch . .
Petersburg Branch
Canoe Creek Branch.. .
Crissman Branch.. .
33.50
18.15
190.44
Columbia Branch
Total Phila. Division. . .
281.93
873.24
POOR'S MANUAL PENNSYLVANIA RR. CO.
697
NAME OF LINE.
First
Track.
Second
Track.
Total
Track.
NAME OF LINE.
First
Track.
Second
Track.
Total
Track.
ALTOONA Div. — Cont.
Clapper Branch ....
Springfield Branch... .
Clover Creek Branch..
M.
0.76
8.20
2.38
M.
M.
0.86
10.35
4.38
253.53
619.72
3.80
4.11
2.16
7.53
CAMBRIA & CLEARFIELD
Div. — Cont.
Ebens.&Bl.Lick RR.. .
Coal Pit R. C. Br... .
Shuman Run Br . . .
Sus. Ex. C. & C. RR
M.
18.93
1.10
0.85
17.61
M.
M.
22.64
1.61
2.30
24.38
0.98
2.32
0.80
4.47
2.61
1.72
3.10
1.99
4.84
3.29
0.70
9.15
1.73
0.65
0.89
2.20
2.89
0.59
1.24
2.79
0.61
0.54
32.34
1.68
1.65
0.67
209.81
118.90
2.25
0.96
4.33
8.07
1.98
6.07
87.45
115.74
2.12
8.18
115.74
PlTTSBURG DIVISION.
Luther Branch
Sterling Branch
Lantzy Branch
Walnut Run Branch .
Porter Run Branch . .
Gardner Run Branch
Moss (/reek Branch.. . .
Patton Branch No. 1. ...
Patton Branch No. 2 ...
Patton Branch No. 3 .
Patton Branch No. 4 ...
Hastings Branch
King's Run Branch. . . .
St. Lu Branch
La Jose Branch
Burnside Branch
0.63
1.86
0.55
2.25
1.68
1.23
2.10
1.24
2.16
3.00
0.46
5.81
1.52
0.43
0.55
1.55
Lilly Branch
Ben's Creek Branch
Sonman Branch
Martin's Branch
1.61
0.77
3.63
Summerhill Branch ....
South Fork RR ...
2.03
20.71
4.05
5.26
1.64
1.45
6.80
0.74
0.76
1.00
0.78
0.35
1.40
1.60
16.53
3.79
8.12
44.79
3.88
1 49
' 15.09
0.55
4.37
43.13
6.93
9.34
3.09
2.49
9.94
1.59
1.79
1.76
1.79
0.91
1.95
2.89
19.08
4.56
16.24
116.82
6.16
2.76
3.79
10.74
16.91
3.01
8.56
1.96
2.30
2.69
1.73
1.28
0.46'
1.43
0.92
1.87
4.19
Lloydell Branch
Llanfair Branch
Eureka Mine No. 30 . .
Eureka Mine No. 37 . .
Eureka Mine No. 39 . .
Eureka Mine No. 31 . .
Eureka Mine No. 35 . .
Eureka Mine No. 36 . .
Kureka Mine No. 32 . .
Eureka Mine No. 34 . .
Curry Mill Branch . . .
Johnstown Branch P.RR
Sang Hollow Ex.W.P.R .
Bradenville Br. P. RR...
Alexandria Br. P. RR. .
Southwest Pa. Ry
McCoy's Run Branch. . .
Whitehead Branch
Brady's Run Branch . . .
Glen Campbell Branch.. .
Hoover's Mill Branch.. . .
Suter Branch
Cresson & Irvona RR
2.19
0.59
0.78
1.46
0.34
0.37
26.64
1 52
Beaver Dam Branch . . .
Hegarty Branch
Total Cam. & Clear.Div.
Pa. & Northwestern KB.
Pa. & North Western RR.
Stroud Branch
Fallen Timber Branch . .
South Witmer Branch . .
Elk Run Branch
Millersburg RR
0.85
0.50
155.15
61.44
2.16
0.93
3.86
5.57
1.40
lllT-H
26.62
Unity Branch
22.17
Whitney Branch.. . .
Radebaugn Branch.. .
Hempfield Branch .
Andrews Run Br . . .
Sewickley Branch
Boyer Run Branch . .
Brinker Run Branch..
Mammoth Branch.. . .
Bessemer Branch
1.75
3.95
-11.64
1.72
7.87
1.85
2.10
2.37
1.65
1 21
3.95
Mahoning Branch
Total Pa. &N.W. RR.
WESTEHN PA. Div.
Western Pennsylvania RR.
3.28
Westmoreland Branch.. .
Ruffsdale Branch
0.46
1.24
78.64
70.67
1 50
22.17
17.86
142.56
126.78
1.86
0.82
2.40
3.23
3.09
5.61
10.20
90.03
0.72
24.72
0.90
0.45
270.81
200.29
4.98
2.11
4.33
2.86
5.94
23.01
24.67
1.56
3.89
1.49
Tarr Branch..
0 65
Stonerville Branch
1 51
Scottdale Branch
1.87
Overton Branch
Black Leg Creek Br
Avonmore Branch
Apollo Branch
Leechburg Branch
Schenley Branch
Winfield Branch
Pittsburg Branch
Bailey's Run Branch. . . .
Indiana Branch P. RR . .
Tearing Run Branch..
Homer&Cherry Tr. Br.
Total West. Pa. Div...
MONONOAHELA DlV.
Pitts., Va. &. Charles. Ry. .
Pitts.&White Hall Br. . .
Monon.Riv.&St.RunBr.
Pt. Perry Br. P. RR
McKees. & BessemerBr.
Peters Creek Branch . . .
Monon. & Wash. RR . . .
0.77
2.11
1.98
2.57
5.05
9.16
27.34
0.30
18.91
0.83
0.45
141.64
53.20
1.73
1.78
1.32
1.52
5.33
14.60
16.56
1.40
2.91
1.16
27.34
June Bug Branch
1 20
1.20
0.46
1.76
5.93
4.60
9.27
1.23
1.20
0.38
15.54
2.45
7.35
1.35
1.97
0.34
0.54
0.97
8.23
14.47
13.44
4.91
6.83
Schoonmaker Br.. . .
Moorewood Br ....
Texas Branch
Ever. & Broad Ford Br. .
Opossum Run Branch. . .
Morrell Branch
0.46
1.73
4.98
1.92
5.87
1.18
Mahoning Branch
Dunbar Branch
Coal Lick Run Br
Rainey Branch ....
Mason.&N.Sa.RR. .
Sham. Br.S.W.P.R
Fairchance Br.S.W.P..
Wynn Br. S.W.P.R.
Brush Creek Br. P.RR . .
Bull Run Br. P. RR . . . .
Manor Branch P.RR . . .
Youghiogheny Br. P.RR..
Turtle Creek Val. RR.. . .
Lyons Run Branch.. . .
E. PittsburgBr.P.RR.. .
Total Pittsburg Div. .
CAMBRIA <fe CLEARFIELD
DIVISION.
Cambria & Clearfield RR.. .
Ebensburg Branch
1.12
0.38
8.07
2.44
6.04
1.32
1.71
0.26
0.54
0.72
4.30
10.19
10.86
3.87
5.90
45.20
52.03
. ..^. .
1.31
0.20
0.30
2.77
367.94
49.59
4.81
161.95
1,061.17
66.52
5.92
Keister Br. P..V.&CR
V. MillBr.S.W.P.Rv...
Bute RunBr.SWPR
Total Monongahela Div.
Total P.RR. Div
101.51
56.61
275.13
1,761.32
649.47
4.329.68
0!)8 POOR'S MANUAL RETFKNS RECEIVED TOO LATE KOK CLASSIFICATION.
NAME OF LINE.
First
Track.
Second
Track.
Total
Track.
NAME OF LINE.
First
Track.
Second
Track.
Total
Track.
Buffalo & Allegheny
Valley Div.
BUFFAIX) DIVISION.
Union Terminal RR.
M.
2.30
118.42
22.31
M.
1.63
14.78
M.
35.66
209.37
28.90
Phila, & Erie RR Div.
WESTERN DIVISION.
P.&E.RR.,ErietoKane,Pa.
Total Western Division
MIDDLE DIVISION
P. & E. RR., Kane to 1
M.
94.00
. . 94.00
102.19
19.69
27.23
M.
12.92
12.92
33.32
M.
185.92
185.92
206.57
26.06
36.81
Western N.Y. & Pa. Ry...
McKean & Buffalo RR . .
Total Buffalo Division..
ROCHESTER DIVISION.
Genesee Val. Canal RR . . .
Genesee Val. Ter. RR . . .
Roch.,N. Y. &Pa. RR .
Total Rochester Div
CHAUTAUQUA Div.
West. N. Y. & Pa. Ry., ~)
Buffalo, N. Y., to Oil V
City. Pa J
143.03
98.54
2.46
12.00
113.00
136.28
8.48
8.90
50.19
60.05
14.04
16.41
273.93
120,71
7.73
12.81
141.25
169.76
9.93
11.91
70.18
83.38
15.36
4.13
11.24
3.15
Johnsonburg RR
Ridgway & Clear. RR.. .
Total Middle Division..
EASTERN DIVISION.
P. & E. RR., Renovo to 1
149.11
91.37
5.81
7.39
1.93
4.32
9.45
57.60
0.24
33.32
77.13
269.44
226.61
6.27
9.56
3.87
5.53
10.71
66.19
0.24
0.89
0.86
Tangascootac Branch.
Wil. & Linden Br
Wil. Lumber Branch .
Canal Branch
Bald Eagle Valley RR . .
Lewis. &Tyr.RR.(E.end)
Lewisburg Bridge
Total Eastern Division.
SIJNBURT DIVISION.
Sunbury Div. P. RR
Wilkesbarre Branch. . . .
Glenlyon Branch
Nanticoke Branch
Nescopec Branch
Pottsville Branch
Morea Branch
Shenandoah Branch
Colliery Branch
Lakeville Branch
Pioneer Branch
W. N.Y. & Pa. Ry., Oil I
Citv to Irvineton, Pa. . C
W. N! Y. & Pa. Ry., War- )
ren. Pa., to Olean, N.Y. J
Kinzua Ry
178.11
43.44
43.13
4.69
0.61
11.96
9.86
1.00
4.98
2.54
77.13
5.22
328.98
62.00
84.99
6.84
2.72
13.44
13.93
1.91
6.34
3.65
Bradford Ry
Kinzua Valley RR
Olean, Brad. & War. Ry.
Total Chautauqua Div.
RIVER DIVISION.
Allegheny Valley Ry . .
2.51
10.00
2.29
292.74
132.50
1.31
6.80
1.75
20.06
379.04
267.85
2.25
9.32
Indian Run Branch ....
Plum Creek Br
Total River Division.. . .
Low GRADE DIVISION.
Allegheny Valley Ry
Sligo Branch
Total Low Grade Div.
TotalB. & A. V.Div..
Total Sunbury Division.
LEWISTOWN DIVISION.
Lewistown Div. P. RR
Milroy Branch
140.61
109.70
10.20
20.06
279.42
152.33
10.98
122.21
44.74
11.14
5.22
195.82
62.26
13.53
Total Lewistown Div...
Total Phi. & Erie Div.
119.90
163.31
55.88
75.79
809.28
38.22
1,236.95
599.31
128.59
1,055.95
3a. Summary of track mileage of the lines operated directly by the Pennsylvania EK.
Co. on Dec. 31, 1902 :
Second Third Fourth Company Total
Track. Track. Track. Sidings. Track.
164.18 88.37 86.38 510.61 1,317.33
649.47 329.33 253.01 1,336.55 4,329.68
38.22 389.45 1,236.95
128.59 328.05 1,055.95
First
Track.
United Railroads of New Jersey Division . 467.79
Pennsylvania Railroad Division 1,761.32
Buffalo & Allegheny Valley Division 809.28
Philadelphia & Erie Railroad Division. . . . 599.31
Total Miles of Track 3,637.70
980.46
417.70
339.39 2,564.66 7,939.91
4. Rolling Stock P. RR. Co., Dec. 31, 1902. — Locomotives (passenger, 517;
freight, 1,438; shifting, 258), 2,213. Cars owned as follows:
PASSENGER TRAIN CARS.
Passenger 1 ,091
—Second Class. . ..
67
FREIGHT CARS.
Box . . 15,556 Cabin
Refrigerator. . .
752
Passenge
Parlor 6 Stock . 1,915 S
Dining 20lGondolas 34,798 S
Passenger-Baggage 221 (Four-Wheel Cabin 1,011
Passenger-Baggage-Mail. . . . 13jTank Cars 584
Baggage-Mail 61 (Box (Empire Line) 4,865
Baggage and Express 102 Refrigerator (Empire Line) .
Baggage-Express 220 Flat
Refrigerator- Express 16 1
Postal 69i
Dynamometer 1
584 St
60 H
33 H
SERVICE CARS.
56
119
3
1
73
Tool and Block
nownlows
>now Sweeper
Derrick
one & Wood Trucks & Flat
Cars 1,123
and Cars 822
and Trucks 1,105
Test Weight 4
Total Pass. Train Cars 1,887 Total Freight Cars 59,574 Total Service Cars 3,309
The preceding statement embraces only the equipment absolutely owned by the
company, and therefore does not include 35,653 freight cars, with a capacity of 1,536,755
POOR S MANUAL PENNSYLVANIA KU. CO.
G99
tons, leased under various Car Trusts and under the Equipment Trust Gold Loan,
which if added to the above would make a total of 95,227 freight cars, of a total capacity
of 3,298,570 tons.
4a. Statement of rolling stock Pennsylvania RR. System for ten years ending
Dec. 31:
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1,805
1,379
383
13,288
2,929
22,292
734
1,803
1,388
374
14,313
2,929
22,888
757
1,803
1,388
374
14.313
2,929
23,209
782
1,803
1,386
379
15,610
1,929
23,959
782
1,803
1,386
379
15,615
1,929
29,254
782
1,803
1,386
394
16,113
1,929
31,992
782
1,848
1,386
393
16,730
1,926
32,591
815
1,889
1,386
393
16,733
1,929
32,607
890
2,016
1,416
416
16,733
1,929
32,618
906
2,213
1,418
469
21,233
1,915
34,798
1,011
33
584
Cars — Passenger and Emigrant
Cars — Baggage, Mail, etc
Cars — Freight Flat
Cars — Oil Tank
1,088
9
2,755
42,176
1,084
1,045
1,029
1,010
755
635
625
614
Cars — Marl
Cars — Freight, Service
Cars — Owned by Car Trust Cos., etc. .
3,081
40,644
3,088
41,127
3,088
44,334
3,139
38,798
3,156
41,808
3,159
49,391
3,231
54,065
3,248
33,521
3,309
35,653
5. Floating Stock, Dec. 31, 1902.— Steam ferryboats, 14; tugboats, 33; steam
lighters, 3; barges, 91; flat scows, 30; dump scows, 4; car floats, 75; canal barges, 22;
dredgers, 3 — total, 275.
O. Results from Operation, year ending Dec. 31, 1902:
Pennsylvania
RR. Division.
United RRs.
of N. J.
Division.
Phila. & Erie
Division.
Buffalo and
Allegheny
Val. Division.
Total.
1,761.32
9,865,050
18,618,947
467.79
6,203,991
2,854,012
599.31
1,646,193
2,803,246
809.28
2,324,494
2,789,312
3,637.70
20,039,734
27,065,517
Train Mileage — Passenger. . . .
Freight
Total Rev. Train Mileage. . .
28,484,003
24,605,597
560,544,368
77,505,061
10,091,984,493
$
11,573,596 06
53,623,876 31
1,348,831 87
1,126,468 26
340,708 13
273,577 85
9,058,003
19,542,934
456,254,479
*24,499,420
*1,409,601,524
$
9,597,180 21
14,670,251 29
504,408 19
960,680 23
243,030 78
273,021 97
334,066 46
4,449,439
2,563,282
61,287,454
18,035,807
1,476,143,135
8
1,391,489 12
7,647,690 38
77,282 93
99,293 23
34,956 87
48,867 04
5,113,806
3,575,196
87,522,732
12,793,557
1,046,468,899
$
1,869,682 96
6,307,351 43
99,502 77
94,986 67
46,919 65
75,609 47
47,105,251
50,287,009
1,165,609,033
133,433,845
14,024,198,051
8
24,431,948 35
82,249,169 41
2,030,025 76
2,281,428 39
665,615 43
671,076 33
334,066 46
Passengers Carried One Mile.. .
Tons of Freight Moved 1 Mile .
Mail
Miscellaneous
Del. & Rar. Canal .
68,287,058 48
7,784,824 74
11,622,135 97
21,967,894 62
1,509,728 47
26,582,639 13
2,982,809 08
2,830,476 01
12,342,536 32
299,682 38
384,767 76
9,299,579 57
1,230,470 12
1,597,558 97
3,209,204 59
124,185 38
8,494,052 95
1,933,346 57
1,712,385 93
3,409,882 06
109,182 20
112,663,330 13
13,931,450 51
17,702,556 88
40,929,517 59
2,042,778 43
384,767 76
Expenses — Maint. of Way, etc.
Maint. of Equip. . .
Conducting Trans.
General Expenses
Del. & Rar. Canal..
42,884,583 80
25,402,474 68
38,770 39
24,347 98
14,422 41
62.80 p. c.
2.065 c.
1 .438 c.
0.627 c.
0.531 c.
0.345 c.
0.186c.
18,840,271 55
7,742,367 58
53,899 95
37,243 48
16,656 47
t70.88 p. c.
].882c.
1.294c.
0.588 c.
1.041 c.
0.817 c.
0.224 c.
6,161,419 06
3,138,160 51
15,517 14
10,280 85
5,236 29
66.25 p. c.
2.270 c.
1.780C.
0.490 c.
0.518 c.
0.344 c.
0.174 c.
7,164,796 76
1,329,256 19
10,495 81
8,853 30
1,642 51
84.35 p. c.
2.136 c.
2.199 c.
L. 0.063 c.
0.603 c
0.501 c.
0.102 c.
75,051,071 17
37,612,258 96
30,594 76
20,241 62
10,353 14
66.62 p. c.
2.009 c.
1.457c.
0.552 c.
0.586 c.
0.404 c.
0.182C.
Operating PJxpenses per Mile. .
Net Earnings per Mile
Earnings per Pass, per Mile . . .
Expenses per Pass, per Mile. . .
Profit per Passenger per Mile. .
Earnings per Ton per Mile ....
Expenses per Tun per Mile. . . .
•Exclusive of 510,316 tons or 16,066,301 ton-miles on the Delaware and Raritan Canal. tThe
percentage of railroad expenses to railroad earnings was 70.31 and of canal expenses to canal earn-
ings, 115.18.
700 POOR'* MANWAL RETURNS RK» Kl\ KD TOO LATE FOR CLASSIFICATION.
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,104,743 87
206,348 76
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702 POOR'S MANUAL RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
8. General Income Account, year ending December 31, 1902.
Net earnings as per Sec. 6 $37,612,258 96
Less Rentals of Roads Operated on
Basis of Net Earnings 6,657,42197
Net Oper. Earn. P. RR. Co.... $30,954,836 99
Interest from Investments, P.RR.Co.. 8,118,860 65
Interest on Securities of United New
Jersey RR. & Canal Co., and Other
Income 253,54319
Interest from Branch and Other
Roads for use of Equipment 394,700 41
Profits from Sundry Accounts 272,772 69
Total Income $39,994,713 93
Fixed Rentals of Leased Roads $4,948,526 20
Interest on Bonded Debt 4,661,562 07
Interest on First Installment P. RR.
31 p. c. Gold Convertible Bonds 434,321 34
Interest Mtges. and Ground Rents 172,318 97
Car Trust Payments 2,050,48004
Interest General Account 74,16823
Sink. Fund Eq. Trust Gold Loan 136.400 00
Taxes of Penn. RR. Co 1,558,78877
Payments on Account Joint Guaranty
with Northern Central Ry. Co. on
Lines North of Elmira and Miscel-
laneous Accounts 108,185 07
Total Payments $14,144,750 69
Net Income, year ending Dee. 31, 1902 $25,849,963.24
From which the following amounts hare been deducted:
Payment to the Trust of Oct., 1878, for the Purchase of
Securities Guaranteed by the Pennsylvania RR. Co., or
Issued or Guaranteed by the Pennsylvania Co $129,428 63
Pennsylvania RR. Co. 's Consolidated Mortgage Bonds, Sink-
ing Fund Account 402,100 00
Sinking Fund First Mortgage Bonds, Sunbury, Hazleton
and Wilkesbarre Railway absorbed by this Company
April 1, 1902 5,000 00
EXTRAORDINARY EXPENDITURES.
Amount expended in revision of grades and alignment, and
for additional tracks, piers, yards, bridges, station and
other terminal facilities, abolition ef grade crossings, and
increase of equipment > 12,500,000 00
Cash dividend of 6 per cent 12,262,491 00- 25,299,019 63
Balance transferred to credit of Profit and Loss Account. . . . $550,943 61
Amount to credit of Profit and Loss Dec. 31, 1901 24,310,476 28
Less Amount charged off in adjustment of Sundry Accounts.
$24,861,419 89
119,195 06
Amount to credit of Profit and Loss Dec. 31, 1902.. $24,742,224 83
9. Statement showing earnings, expenses and rentals of all lines operated directly
by the Pennsylvania RR. Co. from 1865 to 1902, inclusive :
•
£
Gross
turnings.
Operating Rentals
Expenses. Paid.
Net Earn'gs
to Penn.
RR. Co.
3
£
Gross
Earnings.
Operating
Expenses.
Rentals
P:.ki.
Net Earn'gs
to Penn.
RR. Co.
$
$ $
$
$
$
$
1
1865
19,533,310 28
14,913,969 i\ 848,778 46
3,770,562 41
1884
48,566,917 84 30,527,016 02
8,592,606 66
9,447,295 16
1806
19,124,934 63
14,726,484 53 1,019,412 25
3,379,037 85
1885
45,615,033 55 29,479,764 84
8,530.931 69
7,004,337 02
1807
18,673,910 30
13,941,538 39 962,147 80
3,770,230 11
1886
50,379,077 00
32,619,594 61
8,935,245 73
8,824,236 66
1868
20,037,747 67
13,697,035 73 1,186,647 34
5,154,064 60 1887
55,671,313 13 37,086,584 80
9,130.177 95
9.448,550 38
1869
20,513,517 02
14.321,479 55:1,341,280 48
4,850,756 99 i 1888
58,172,077 66 39,331,153 14
9,008,649 23 9,232,275 29
1870
20,675,751 53
13,591,878 62 947,073 13
6,136,799 78 i 1889
61,514,445 11 41,096,805 64
10,042,171 73-10,375.407 74
1871
22,202,100 58
14,296,696 68 1,202,040 33
6.763,363 57 1890
66,202,259 83:44,980,554 67
10,421,046 18
10,800,058 98
1872
36,448,503 36
24,112,901 01 4,740,166 08
7,589,436 27 1891
67,426,840 81 45,947,444 62
10,482,132 76
10,997.203 43
1873
39,983,138 91
20,237,850 055,117,926 18
8,627,302 6S| 1892
68,841,844 70
«,819,861 30
1022S.271 91
9,794,211 55
1874
37,386,427 27
22,357,349 59 6,230,864 26
8,798,213 42
1893
66,375,223 83:46,990,017 28
9,971,695 04
9,407.510 91
1875
34,464,104 38
21,094,401 31 6,201,728 53
7,167,914 54 1894
58,704,284, 58 40,303,746 57
8,950,440 95
9,384,097 06
1876
36,891,060 99
22,081,229 34 6,308,828 92
8,501,002 73 1895
64,627,178 72 44,510.656 31
8,896,061 39
11,220461 02
1877
31,117,146 18
19,028,467 24 6,351,242 12
5,737,436 821 1896
62,096,502 60 43,4.59,326 91
8,824,103 09
9,81J.,012 66
1878
31,636,734 58
18.468,993 71 5,994,433 17
7,173,307 70 1897
64,223,113 15 43,257,020 59
9,718,430 42
11,247,056 14
1879
34,620.279 17
20,382,740 15 6,245,113 16
7,992,425 86 1898
65,603,737 95 44,510,015 85
10,315,771 90
10,777,950 20
1880
41.200,072 49
24,625,047 57 7,029,072 53
9,605,952 39! 1899
72,922,984 95
.50,344.033 04
11,320,448 82
11.257.902 49
1881
44,124,182 83
26,709,809 93 7,116,391 18
10.297,981 72 1900
88,539,827 21 58,099.206 02
12,224,520 34
18,216,100 85
1882
49,079,833 62
30.647,405 45 7,906,169 52
10,526.2.58 65
1901
101,329,795 22 65,259,543 08
14,043,144 34
21,427,107 80
1883
51,083,252 10
31,747,150 448,417,123 32
10,918,978 34
1902
112,663,330 13,75,051,071 17
11,005,948 17
26,006,310 79
POOR S MANUAL PENNSYLVANIA RR. CO.
703
1O. Statement of operations, traffic and revenues Pennsylvania RR. Division for
seven years:
1896
1897
1898
1899
1900
1901
1902
Miles of Railroad
1,695.09
8,684,341
22,633,601
1,712.60
8,635,760
22,995,587
1,723.01
8,132,191
15.519,646
1,760.37
8,465,362
17,487,589
1,807.11
9,035,185
18,185,459
1,773.66
9.440,803
17,363,416
1,761.32
9,865,056
18,618,947
*Freight Train Miles
*Total Train Mileage. . . .
31,317,942
18,014,779
343.269,927
42,161,635
23,241,573
5.558,485,412
*
6,927,838
970,602
715,785
28,190,849
556,511
31,631,347
17,061,650
332,252,125
47,630,820
26,144,830
6.248,596,176
$
6,628,149
970,092
715,194
29,702,220
561,713
23,651,837
' 18,275,569
369,543,736
51,550,639
28,325,618
6,833,638,350
25,952,951
19,887,703
415,784,992
61,526,176
33,386,356
8,109,571,545
27,220,644
21,402,972
450,715,976
64,439,342
36,690,041
8,726,402,614
26,804,219
22,704,985
481,336,031
67,215,700
37,001,478
8,721,579,078
28,484,003
24,605,597
560,544,368
77,505,061
Freight (tons) Moved
Freight (ton) Miles
10,091,984,493
Passenger Earnings
$
7,290,246
971,440
753,648
29,651,949
609,512
$
8,247,582
983,261
822,632
33.223,609
630,299
$
9,180,256
1,000,465
897,926
42,070,575
685,114
$
9,896,479
1,174,125
1,007,241
46,130,667
636,513
$
11,573,596
1,348,832
1,126,468
53,623,870
614,286
Other Receipts
37,361,585
25,354,541
38,577,369
24,832,012
39,276,795
25,744,563
43,907,383
29,566,133
53,834,337
34,215,704
58,845,025
36,114,378
68,287,058
42,884,584
Gross Expenses
12,007,044
22,041 06
14,957 64
7,083 42
67.86 p.c.
13,745,356
22,525 61
14,499 59
8,026 02
64.37 p.c.
13,532,232
22,795 45
14,941 62
7,853 83
65.55 p.c.
14,341,249
25,159 52
16,941 79
8,217 73
67.34 p.c.
19,618,633
29,790 29
18,933 94
10,856 35
63.56 p.c.
22,730,646
33,177 17
20,361 50
12,815 67
61. 37 p.c.
25,402,475
38,770 39
24,347 98
14,422 41
62.80 p.c.
Gross Earnings per Mile
Gross Expenses per Mile
* For the years 1898, 1899, 1900, 1901 and 1902, train mileage represents mileage of freight
and passenger trains only — all helping, shifting, or work train mileage and mileage made by
engines and cabooses without cars being excluded.
11. Statement of passenger operations of the Pennsylvania RR. Division for ten
years ending Dec. 31, 1902:
RR.
Net
Passen-
Passengers
AVER. PER MILE.
Year.
Oper-
ated.
Earnings.
Earnings.
Expenses.
Earnings.
gers
Carried.
Carried
One Mile.
Earn-
ings.
Ex-
penses.
Profit.
M.
S
$
$
$
No.
No.
Cts.
Cts.
Cts.
1893 . .
1894
1,647
1,668
8,481,147
6,641,525
40,119,356
35,072,425
27,171,809 12,947,547 20,150,574 410,061,500
23,220,038 11,852,387 17,213,157 322,023,897
2.068
2.062
1.618
1.723
0.450
0.339
1895 ....
1,672
6,886,689 39,599,001
26,032,873J13,566,128 17,968,292 343,197,137
2.007
1.643
0.364
1896 ....
1,695
6,927,838 37,361,585
25,354,541112,007,044 18,014,779
343,269,927
2.018
1.644
0.374
1897
1,713
6,628,14938,577,369
24,832,013 13,745,356
17,061,656 332,252,125
1.995
1.622
0.373
1898 ....
1899 ....
1900
1,723
1,745
1,807
7,290,24639,276,794
8,247,582,43,907,382
9,180,256 53,834,337
25,744,563113,532,231 18,275,569369,543,736
29,566,133 ,14,341,249 19,887,703 415,784,992
34,215,704 19,618,633121,402,972450,715,976
1.973
1.984
2.037
1.432
1.414
1.496
0.541
0.570
0.541
1901
1,774
9,896,479 58,845,025
36,114,378!22,730,646
22.704,985
481,336,031
2.056
1.527
0.529
1902
1,761
11,573,59668,287,058
42,884,584 25,402, 175 1 24,605,597 ! 560,544,368
2.065
1.438
0.627
12. Statement of freight operations of the Pennsylvania RR. Division for ten
years ending Dec. 31, 1902:
Year.
RR.
Oper-
ated.
Freight
Earnings.
Total
Earnings.
Operating
Expenses.
Net
Earnings.
Tons
Freight
Moved.
Tonnage
Mileage.
PER TON PEH MII,E.
Earn-
ings.
Ex-
penses.
Net.
1893....
1894....
1895....
1896....
1*97....
1898....
1899....
1900....
1901....
1902....
M.
1,647
1,668
1,672
1,695
1,713
1,723
1,74.5
1,807
1,774
1,761
$
29,307,131
26,101,280
30,472,735
28,190,849
29,702,220
29,651,949
33,223,609
42,070,575
46,130,667
53,623,876
S
40,119,356
35,072,425
39,599,001
37,361,585
38,577,369
39,276,794
43,907,382
53,834,337
58,845,025
68,287,058
*
27,171,809
23,220,038
26.032,873
25,354,541
24,832,013
25,744,563
29,566,133
34,215,704
36,114,378
42,884,584
$
12,947,547
11,852,387
13,566,128
12,007,044
13,745,356
13,532,231
14,341,249
19,618,633
22,730,646
25,402,475
No.
38,919,612
Miles.
5,284,654,957
CtS.
0.555
0.518
0.505
0.507
0.475
0.434
0.410
0.482
0.529
0.531
Cts.
0.389
0.351
0.338
0.355
0.311
0.299
0.292
0.315
0.330
0.345
Cts.
0.166
0.167
0.167
0.152
0.164
0.135
0.118
0.167
0.199
0.186
36,566,929
46,545,093
42,161,635
47,630,820
51,550,639
61,526,176
64,439,342
67,215,700
77,505,061
5,037,778,228
6,036,462,519
5,558,485,412
6,248,596,176
6,833,638,350
8,109,571,545
8,726,462,614
8,721,579,078
10,091,984,493
?04 POOR'S MANUAL RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
13. Statement showing passengers, mileage, earnings, expenses and averages on
passenger business on all railroads operated directly by the Pennsylvania RR. Co., quin-
quennially from 1865 to 1895, and annually thereafter (see MANUAL for 1902, page 656) :
I
Average
Average
Average
Year.
Miles of
Railroad
Passengers
Carried.
Passengers
One Mile.
Earnings.
Earnings
per Pas-
Expenses.
Expenses
per Pas-
Net Earn-
ings per
senger per
senger per
Passenger
Mile.
Mile.
per Mile.
Mties.
No.
Miles.
»
Cents.
$
Cents.
Cents.
1865..
856.00
3,611,086 232,019,815, 6,376,079 14
2.748 4,303,071 37
1.855
0.893
1870..
927.00
5,014,924 169,972,984! 4,364,481 43
2.568 3,611,554 05
2.125 0.443
1875..
1,631.00. 14,456,864 344,234,876 8,857,619 67j 2.573
6,191,289 39 1.799 0.774
1880..
1,875.61 16,575,042 382,787,186 8,504,387 22> 2.222 6,407,692 10
.674 0.548
1885..
2,316.41 27,642,018 568,664,914
11,087,445 00 1.950
8,337,776 94
.466 0.484
1890..
2,500.72 43,810,382 778,818,917
16,177,150 55 2.077
11,710,227 29
.504 0.573
1895. .
2,741.42 37,452,437 712,072,950
13,909,506 33 1.953 11,331,489 73
.591
0.362
1896..
2,721.46
36,170,220
699,799,213
13,744,556 70
1.964 11,070,381 51
.582
0.382
1897. .
2,747.35
34,997,524
693,279,336i 13,506,671 28 1.948 10,729,968 01
.548
0.400
1898..
2,755.71
35,962,566 745,962,6791 14,410,746 46 1.932
10,688,916 33
1.433
0.499
1899..
2,803.81 38,029,922 823,304,623; 16,010,831 80 1.945
11,753,978 58
1.428 0.517
1900..
3,647.94 41,922,569! 918,198,6021 18,181,081 77J 1.980
13,453,457 86
1.465
0.515
1901..
3,671.24 46,698,595
1,050,463,693
20,928,395 37
1.992
15,563,611 29
1.482
0.510
1902..
3,637.70 50,287,009
1,165,609,033
23,421,170 86
2.009
16,984,215 63
1.457
0.552
14. Statement showing tonnage, mileage, earnings, expenses and averages on freight
business on all railroads operated directly by the Pennsylvania RR. Co., quinquennially
from 1865 to 1895, and annually thereafter (see MANUAL for 1902, page 657) :
Year.
Miles of
Railroad.
Tons
Moved.
Tons
One Mile.
Earnings.
Average
Earnings
per Ton
Expenses.
Average
Expenses
per Ton
Average
Net Earn-
ings per
per Mile.
per Mile.
Ton per
Mile.
Miles.
No.
Miles.
$
Cents.
S
Cents.
Cents.
1865..
856.00
3,090,681
452,183,478
12,277,490 68
2.715
10,610,867 32
2.347
0.368
1870. .
927.00
7,041,688
1,014,652,970 15,252,314 99
1.503
9,971,625 98
0.983
0.520
1875. .
1,631.00
15,772,722
2,026,190,425 22,807,660 00
1.126
14,362,136 16 0.709
0.417
1880..
1,875.61
26,051,091
3,239,482,799 29,750,291 99
0.918
17,490,054 88
0.540
0.378
1885..
2,316.41
39,481,385
4,446,470,651 30,895,747 98
0.695 20,435,253 72
0.460
0.235
1890..
2,500.72
66,648,730
6,994,332,633:45,783,597 23
0.655 32,404,558 91
0.463
0.192
1895. .
2,741.42
77,598,378
8,152,343,461 !45,922,018 18
0.563 '32,338,868 22
0.397
0.166
1896. .
2,721.46
72,322,609
7,707,883,205:43,500,713 27
0.564
31,521,301 55
0.409
0.155
1897. .
2,747.35
78,927,656
8,535,158,008:45,770,174 10
0.536
31,498,826 46
0.369
0.167
1898..
2,755.71
84,220,747
9,214,565,495 45,939,773 48
0.499
32,744,026 12
0.355
0.144
1899. .
2,803.81
100,054,226
10,875,076,597151,395,733 16
0.473
37,376,428 13 0.344
0.129
1900..
3,647.94
108,847,515
11,922,671,210 64,390,452 51
0.540
43,395,536 62 0.364
0.176
1901..
3,671.24
121,699,340
12,696,352,464 73,899,939 16
0.582
48,391,006 19
0.381
0.201
1902..
3,637.70
133,433,845
14,024,198,051 82,249,169 41
0.586
56,648,712 67
0.404
0.182
I
15. The combined operations of the anthracite coal properties controlled by the
Pennsylvania RR. Co. for nine years ending Dec. 31, 1902, were as follows:
Year.
Gross
Earnings.
Operating
Expenses.
Excess of
Expenses.
Other
Receipts.
Gross
Income.
Deduc-
tions.
Balance,
Deficit.
1894. . .
$
7,070,457 59
6,517,751 57
5,947,486 94
6,206,714 75
6,209,831 45
5,547,852 46
6,850,983 82
8,440,826 89
5,217,978 00
S
7,280,287 63
7,058,486 96
6,226,920 19
6,409,772 61
6,474,540 89
5,729,275 83
7,012,531 41
8,534,612 09
5,384,410 00
$
209,830 04
540,735 39
279,433 25
203,057 86
264,709 44
181,423 37
161,547 59
93,785 20
166,432 00
S
302,964 22
380,648 62
324,498 93
289,619 44
260,672 90
21,752 72
21,891 50
21,341 14
21,099 85
S
93.134 18
d. 160,086 77
45,065 68
86,561 58
d. 4,036 54
d. 159,670 65
d. 139,656 09
d. 72,444 06
d. 145,332 21
%
421,643 95
377,940 92
336,206 90
331,293 91
186,976 30
295,818 23
312,318 85
373,451 58
233,968 65
S
328,509 77
538,027 69
291,141 22
244,732 33
191.012 84
455,488 88
451,974 94
445,895 64
379,300 86
1895
1896...
1897
1898
1899
1900. .
1901
1902
16. Dividends. — Since 1856 the Pennsylvania RR. Co. has paid cash dividends in
every calendar year. The average yearly rate of dividends during the past 47 years
is over 7 p. c. and resulted in the disbursement of over $223,000,000. Previous to 1856
POOR'S MANUAL — PENNSYLVANIA BR. CO. 705
interest at the rate of 6 p. c. per annum was paid on all stock subscription install-
ments with the approval of the board of directors and the stockholders, and under
authority conferred by the Legislature of the State of Pennsylvania. The dividends
paid upon the capital stock in 1899 amounted to 5 p. c., and in addition thereto an
allotment of 10 p. c. of the capital stock was declared, to which the stockholders were
entitled to subscribe at par. (See GENERAL INDEX for table of DIVIDENDS PAID BY
RAILROAD COMPANIES.)
17. Capital Stock. — The authorized amount of capital stock of the Pennsylvania
RR. Co. on Dec. 31, 1901, as shown in the MANUAL for 1902, pages 658-659, was $251,-
700,000, divided into 5,034,000 shares of the par value of $50 each. Of these shares
4,065,442 of an aggregate par value of $203,272,100 were outstanding. During the year
ending Dec. 31, 1902, shares amounting at par to $1,102,750 were issued, $978,950 par
value thereof for the purpose of acquiring the stock of the Pennsylvania and North-
western RR. Co., and the remaining $123,800 in payment for stock of the Philadelphia,
Wilmington and Baltimore RR. Co. and in the conversion of dividend scrip. The total
amount of capital stock outstanding on Dec. 31, 1902, was $204,374,850.
17 a. Additional Capital Stock Issued or Authorized.— On March 10, 1903,
the stockholders voted authority for an increase of the capital stock to 8,000,000 shares of
the par value of $50 per share, an aggregate par value of $400,000,000. In May, 1903, shares
amounting at par to $20,903,300 were issued in exchange for $29,302,500 of the convertible
gold bonds of 1902-1912 (see Sec. 27), and at about the same time shares amounting at
par to $750 were issued on account of allotment of stock made in Jan., 1900, and shares
amounting at par to $5,350 were issued to acquire stock of the Pennsylvania and North-
western RR. Co.; making the total amount of capital stock issued up to May 9, 1903,
$225,284,250. Under resolutions adopted at a meeting of the board of directors, held
March 25, 1903, the stockholders of record May 9, 1903, got the privilege of subscribing
for new stock to the extent of 33 */3 per cent, of their holdings, at the price of $60 per
share, payments to be made in three installments due respectively in June, 1903, in Oct.,
1903, and in June, 1904. The proceeds of the additional stock, amounting to $90,113,700
cash, will provide necessary capital for construction and equipment expenditures on the
main and leased lines and branches, for the construction of new Hues in Pennsylvania and of
the Tunnel Line in the city of New York, and for other purposes. In pursuance of action
taken by the board of directors on June 10, 1903, shares amounting at par to $878,250
have been issued for the purpose of acquiring, on or before July 15, 1903, the $390,350
capital stock of the Pittsburgh, Virginia and Charleston Ry. Co. held by parties other than
the Pennsylvania RR. Co., by issuing therefor 214 shares of the capital stock of the Penn-
sylvania RR. Co. for each share of stock of the Pittsburgh, Virginia and Charleston Ry.
Co. The following statement shows the amount of capital stock issued or to be issued as
stated before :
Outstanding Dec. 31, 1902, as per general balance sheet $204,374,850
Issued in April, 1903, in exchange for $29,302,500 convertible bonds 20,903,300
Issued on account of allotment of stock, Jan., 1900 750
Issued to acquire stock of Pennsylvania & Northwestern RR. Co 5,350
Issued or to be issued under resolution of Board of Directors, adopted March 25, 1903... 75,094,750
Issued to acquire the outstanding balance of capital stock of the Pittsburgh, Virginia
and Charleston Ry. Co 878,250
Issued in June, 1903, in exchange for convertible 3J p. c. bonds 7,250
Total issued, or issue provided for, July 1, 1903 $301,264,500
18. Funded Debt. — The amount of bonded debt, including mortgages on real estate
and ground rents, Dec. 31, 1902, was $140,619,856.91, being an increase of $51,726,533.34
during the year. Of this increase $50,000,000 represents the 3% per cent. 10-year con-
vertible bonds bearing date Nov. 1, 1902, issued for the construction of the tunnel line
to and under the city of New York, the erection of a passenger station in that city
and for other purposes. The Sunbury, Hazleton and Wilkesbarre Ry. Co. and the
Sunbury and Lewistown Ry. Co., two of the constituents of the Schuykill and Juniata
706 POOR'S MANUAL RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
RR. Co., having at the date of the absorption of that company by the Pennsylvania
RR. Co., April 1, 1902, outstanding bonds to the amount respectively of $2,350,000 and
$500,000, the same now appear upon the balance sheet. The Navy Yard bonds of the
company for $1,000,000 having been cancelled, that reduction appears upon the balance
sheet, and also a decrease of $94,466.66 in real estate mortgages and ground rents. The
remaining $29,000 reduction represents consol. mtge. bonds redeemed by action of the
sinking fund (see Sec. 19).
1 9. Sinking Funds. — Under the provisions of the consolidated mortgage, the sum
of $402,100 was set apart out of the net income for the redemption of the outstanding
bonds secured by that mortgage; $29,000 of the bonds issued thereunder were pur-
chased and cancelled, and this reduction in funded debt appears in the balance sheet.
The remainder of the sum was placed to the credit of the trustees of the sinking fund
for investment under the terms of the mortgage. Their report shows the amount of
$8,306,376.49, in securities and cash, in the fund for the redemption of the bonds.
The trustees of the sinking fund for the redemption of the trust certificates issued
for the purchase of the shares of the capital stock of the Philadelphia, Wilmington and
Baltimore RR. Co. were not able to purchase any of these certificates during the year.
The total amount purchased and cancelled to Dec. 31, 1902, was, therefore, $2,-
298,000, leaving outstanding $7,702,000.
The trustees of the sinking fund for the redemption of the 4% p. c. collateral
trust loan were also unable to obtain any of these securities during the year at the limit
fixed in the agreement. The amount of this loan outstanding Dec. 31, 1902, was
$9,900,000.
Under the provisions of the 4 p. c. equipment trust gold loan, there was paid
to the trustee during the year, for the sinking fund, the sum of $136,400. The trustee
was unable to obtain any of the bonds at the price fixed in the lease, and, in accordance
with the terms thereof, the amount has been invested in additional equipment.
In pursuance of the terms of the first mortgage of the Sunbury, Hazleton and
Wilkesbarre Ry. Co., securing $1,000,000 of bonds due May 1, 1928, the sum of $5,000
was paid to the trustee to be applied to the redemption of these securities.
20. Securities of Other Corporations. — The entire cost of the securities of
other corporations held by the Pennsylvania RR. Co. Dec. SI, 1902, was $225,948,-
825.75. The increase over last year is due mainly to a larger holding of the common
stock of the Baltimore and Ohio RR. Co., resulting from an allotment made by that
company, to the purchase of the stock of the Pennsylvania and Northwestern RR. Co.,
to investment in the stock of the Pennsylvania, New York and Long Island RR. Co.,
which is building the tunnel extension under the city of New York, and to the acquisition
of additional securities upon roads embraced in the system. The direct revenue received
from securities during the year was $8,118,860.65, which amounted to 3% per cent,
upon the cost thereof.
21. Car Trusts. — The issue of Car Trust securities made during the year consisted
of $4,729,000 of certificates of Series "F," "G," "H," "I" and "K," Pennsylvania
Equipment Trust, $10,000,000 of the Pennsylvania Steel Car Trust, being Series "A" to
"K," and $590,000 of the Pennsylvania Steel Equipment Trust, all bearing interest at
the rate of 3% p. c. per annum. There will thus be furnished for The Pennsyl-
vania RR. Co. 4,000 box cars, 2,960 long gondolas, 3,000 steel gondolas; for the Penn-
sylvania Co., 1,500 steel gondolas, 100 steel underframe long gondolas, 500 steel flat
cars, 500 refrigerator cars; for the Pittsburgh, Cincinnati, Chicago and St. Louis Ry.
Co. 300 steel gondolas, 400 steal underframe long gondolas; for the Grand Rapids and
Indiana Ry. Co. 85 refrigerator cars; for the Cincinnati and Muskingum Valley RR.
Co. 200 steel gondolas; an aggregate of 13,545 cars. The exceptional demand for
equipment referred to in the MANUAL for 1902, page 660, continued throughout the
year, and it was necessary to arrange for the building of 12,000 additional cars for
POOR'S MANUAL — PENNSYLVANIA RR. CO.
707
the lines in the systems, the greater portion of which will represent an increase in
the regular equipment east and west of Pittsburgh.
The outstanding certificates of Series "A," "B," "C" and "D" of the Pennsylvania
Rolling Stock Trust having matured during the year were paid and cancelled. These
series covered 4,500 box, 54 long gondolas, 2,000 hopper gondolas, and 115 steel gondola
cars in service on the Pennsylvania Railroad, representing in all 6,669 cars and a
total cost of $4,000,000. These cars have therefore now become the property of The
Pennsylvania RR. Co.
The Car Trust Series in existence at the beginning of the year were:
Pennsylvania Rolling Stock Trust, Series A, B, C, D, E, P, G, H, I, and K.
Pennsylvania Car Trust Series A, B, C, D, E, F, G, H, I, and K.
Pennsylvania Equipment Trust, Series A, B, C, D, E, and $271,000 of Series F.
Those issued during the year were:
Pennsylvania Equip. Trust, $4,729,000, being the remainder of Series F, and Series G, H, I, and K.
Pennsylvania Steel Car Trust, Series A, B, C, D, E, F, G, H, I, and K.
Pennsylvania Steel Equipment Trust, $590,000.
The total amount of certificates issued under the said series of the above Car
Trusts was $40,590,000 00
The payments made on account thereof during the year were as follows:
Proportion Balance
Total Applied to Applied to
Payments. Payment of Redemption of
Interest. Certificates.
$ $ $
By the Pennsylvania RR. Co 2,559,580 04 578,755 66 1,980,824 38
By the Northern Central Ry. Co 23,501 59 5,175 34 18,326 25
By Allegheny Valley Ry. Co 38,248 32 8,422 74 29,825 58
By Western New York and Penn. Ry. Co 66,442 36 16,692 36 49,750 00
By Pennsylvania Co 459,852 41 155,828 15 304,024 26
By Pitts., Cincin., Chicago & St. Louis Ry. Co.. 264,03592 64,87539 199,16053
By Toledo, Peoria and Western Ry. Co. .' 22,717 07 4,628 07 18,089 00
By Grand Rapids and Indiana Ry. Co 2,693 12 2,693 12
By Cincinnati and Muskingum Valley RR. Co.. 4,853 65 4,853 65
Total .- 3,441,924 48 841,924 48 2,600,000 00
Payments made on acct. of the principal of these certif. prior to Jan. 1, 1902. . 6,600,000 00
Total payments made on account of the principal of existing series of Car Trusts $9,200,000 00
Amount of Car Trust certificates outstanding Dec. 31, 1902 $31,390,000 00
Issued for cars as follows:
Cars. Bal. of Cost.
Pennsylvania RR. Co 30,355 $22,543,918 03
Assigned and Sublet:
Northern Central Ry. Co 270 128,283 75
Allegheny Valley Ry. Co 400 208,779 02
Western New York and Pennsylvania Ry. Co 500 447,750 00
Pennsylvania Co 5,900 5,312,644 36
Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co 3,510 2,300,700 76
Toledo, Peoria and Western Ry. Co ". 326 126,623 00
Grand Rapids and Indiana Ry. Co 85 97,325 00
Cincinnati and Muskingum Valley RR. Co 200 223,976 08
Total 41,546 $31,390,000 00
22. Summary of Capital Expenditures on Western System.-The following state-
ment shows the amounts expended during the past year for construction, equipment, and
real estate, on the lines west of Pittsburgh :
Penn. Co. — Equipment. . . $34,415 60
Real Estate. . . 128,613 95— $163,029 55
Pittsburgh, Ft. Wayne & Chicago Ry. . .1,992,668 03
Erie & Pittsburgh RR 368,350 06
Cleveland & Pittsburgh RR 786,036 93
Western N. Y. & Penn. Ry.— Volant Br.. 162,732 56
Pittsburgh, Cin., Chicago & St. Louis Ry.2,005,682 23
Ohio Connecting Ry 416,299 80
Total amount expended for construction, equipment, and real estate during 1902 $6,682,892 72
23. Capital Stock and Funded Debt of Western System.— in pursuance
of the agreement of Sept. 1, 1897, between the Pennsylvania Co., the Pennsylvania
RR. Co. and the Girard Trust Co., under which provision was made for an issue
Chartiers Ry $125,000 00
New Cumberland & Pittsburgh Ry 27,092 62
Little Miami RR 92,959 88
Cincinnati, Lebanon <fe Northern Ry 342,880 38
Terre Haute & Logansport Ry 60,363 29
Logansport & Toledo Ry 126,689 74
Sundry expenditures on various branch
lines 13,107 65
708 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
of $20,000,000 of the Pennsylvania Co.'s 40-year guaranteed '3l/2 p. c., gold trust certifi-
cates, secured by the deposit of an equal amount of the 7 p. c. guaranteed special stock of
the Pittsburgh, Fort Wayne and Chicago Ry. Co., by the covenant of the Pennsylvania Co.
and the guaranty of this company, an issue was made Dec. 1, 1902, of the remaining
$5,000,000, being Series " C " of these securities. The proceeds of these certificates were
used by the Pennsylvania Co. in the purchase of securities and for its other corporate
purposes.
A sale was also made of $2,000,000 of the consolidated mortgage 3% P- c. bonds*,
Series " E " of the Pittsburgh, Cincinnati, Chicago, and St. Louis Ry. Co., to reimburse its
treasury for expenditures on capital account and in the redemption and cancellation of
prior lien securities.
24. Sinking Funds, Western System. — No further redemptions could be made
of the 4% p. c. bonds secured by the $20,000,000 mortgage of the Pennsylvania Co., so that
the amount outstanding at the close of the year was $19,467,000. Fifty thousand dollars
of the 314 p. c. Series " A " guaranteed trust certificates of that company secured by the
deposit of Pittsburgh, Fort Wayne and Chicago Ky. Co. guaranteed stock as collateral,
were redeemed under the terms of the trust, and the amount of that series outstanding at
the close of the year was $4,900,000. Of the $10,000,000 of certificates of Series " B,"
$102,000 were redeemed, leaving the amount outstanding at the close of the year $9,898,-
000. Under the provisions of the 3% P- c. gold loan of the Pennsylvania Co. of 1901,
$1,334,000 of the certificates of that issue were drawn, of which all but $27,000 have been
presented for redemption, leaving the amount outstanding at the close of the year
$18,693,000.
The report made by the trustees of the sinking funds of the 1st and 2d mortgages of
the Pittsburgh, Fort Wayne and Chicago Ry. Co. shows that they redeemed during the
year $124,500 of the first mortgage and $111,000 of the second mortgage bonds, making
the total amount redeemed to Dec. 31, 1902:
First mortgage bonds $3,044,000 00
Second mortgage bonds 3,257,500 OO
With a balance of cash in the hands of the trustees, uninvested, Dec. 31, 1902:
On account of first mortgage sinking fund $1,110,909 65
On account of second mortgage sinking fund 1,339,570 34
Total $2,450,479 99
Under the terms of the sinking fund provided for the redemption of the consoli-
dated mortgage bonds of the Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co.,
$417,000 of these securities were redeemed and cancelled; and $2,000,000 thereof having
been issued as heretofore stated, the entire amount outstanding at the close of the year
was $35,985,000.
Under the provisions of the sinking fund established for the redemption of the first
mortgage 7 p. c. bonds of the Jeffersonville, Madison and Indianapolis RR. Co., one of the
constituent organizations of the Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co.,
$2,212,000 of those securities have been redeemed and cancelled to Dec. 31, 1902, leaving
$731,000 outstanding. Five thousand dollars of the 2d mortgage 7 p. c. bonds of the same
company, and $119,000 of the 7 p. c. bonds of the Columbus and Indianapolis Central Ry.
Co. were also purchased and cancelled.
25. Acquisition of New Lines, Western System. — The Columbus, Sandusky
and Hocking RR. having been sold under legal proceedings, the portion thereof lying
between Columbus and Sandusky was purchased in this company's interest and now
forms a part of the Toledo, Walhonding Valley and Ohio RR., which it intersected at
Carrothers. The acquisition of this property gives the Pennsylvania Co.'s Toledo line
the advantage of another lake terminal at Sandusky, and thus increases its facilities
for handling the coal and other traffic interchanged at Columbus. In order to furnish
in part the necessary funds to pay for the 110 miles of road thus acquired, the Toledo,
POOR S MANUAL PENNSYLVANIA RR. CO.
709
Walhonding Valley and Ohio RR. Co. issued Sept., 1902, $1,492,000 of its 1st mortgage
40-year 4 p. c. bonds (Series " C "), making the total amount outstanding $3,970,000.
For the purpose of acquiring the Middletown and Cincinnati RR., 14 miles in length,
which extended from the Little Miami RR. to a connection with the Cincinnati, Lebanon
and Northern RR. and thence to Middletown, and of acquiring additional terminal facili-
ties in Cincinnati, the latter company made an issue of $900,000 of its consolidated mort-
gage 40-yr. 4 p. c. bonds under date Nov. 1, 1902.
12«. General Balance Sheet, December 31, 1902.
LIABILITIES.
Capital Stock Issued (see Sec. 17)
Funded Debt Outstanding ( see Section 18 )
Guaranteed Securities under lease Harrisburg, Portsmouth, Mt.
Joy and Lancaster RR. :
Capital Stock
First mtge. 4 p. c. Bonds
Appraised Value of Securities not disposed of, received with the
lease of United New Jersey RR. and Canal
Current Liabilities : Pay Rolls and Vouchers
Net Traffic Balances Due Other Roads
Due Controlled Cos., Other than Traffic Bal.
Due Employees' Saving Fund
Due Relief Fund Accounts
Due Insurance Fund
Interest Accrued on Penn. RR. Co. Bonds. . .
Interest on Bonds Matured and Uncollected.
Dividends Uncollected by Shareholders. . . .
Miscellaneous Liabilities
Sinking Funds : Sinking Funds Pa. RR. Co. Consol. Mtge., Con-
tributions to Dec. 31, 1902
Sinking Fund S., H. & W. Ry. Co. 1st Mtge.,
Contributions to Dec. 31, 1902
Fund for Purchase of Securities under Trust
created Oct. 9, 1878
Pennsylvania Co., payments for Leased Equip-
ment under Pa. RR. Co. 4 p. c. Equipment
Trust Gold Loan
Trustees' Sink. Funds Consol. Mtge. Pa. RR. Co.
Balance to Credit of Profit and Loss
$204,374,850 00
140,619,856 91
1,882,550 00
3,283,462 25
$1,182,550 00
700,000 00 —
14,501,615 05
1,928,496 53
9,928,703 21
106,627 21
371,901 72
87,418 15
1,952,296 87
55,407 22
24,927 25
15,283,308 09-
7,905,800 00
120,000 00
5,275,748 12
1,046,500 00
168,487 59 — 14,516,535 71
24,742,224 83
44,240,701 30
Total Liabilities $433,660,181 00
Cost of Road, including the cost of the Harrisburg, Portsmouth,
Mt. Joy and Lancaster RR., represented by the guaranteed
Capital Stock and Bonds of that company ($1,882,550) $78,017,477 50
Real Estate 21,929,251 99
Equipment $47,775,054 59
Equipment covered by 4 p. c. Equipment Trust
Gold Loan, Girard Trust Co., Trustee :
Account Penn. RR. Co. .$1,390,000 00
Account Penn. Co 1,610,000 OO — 3,000,000 00 — 50,775,054 59 — $150,721,784 08
Terminal Property at Buffalo, Brooklyn and Other Points 1,285,473 59
Securities: Cost of Stocks of Railroad and Other Corporations. . .184,504,087 14
Cost of Bonds of Railroad and Other Corporations. . . 41,444,738 61 — 225,948,825 75
Mortgages and Ground Rents Receivable 130,810 00
Appraised value of securities not disposed of, received with the
lease of United New Jersey RR. and Canal 3,283,462 25
Current Assets: Due from Controlled Cos., for advances 8,630,097 16
Bills Receivable 227,894 44
Due from Agents 6,245,277 96
Miscellaneous Assets 10,273,036 19
Materials on Hand 5,421,729 49
Cash : Bal. with London Joint
Stock Bank Ltd., and
others for Pay. of Int. $1,473,480 68
In Hands of Treasurer.. 8,755,169 92 — 10,228,650 60 — 41,026,685 84
Sinking Funds : Pa. RR. Co. Consol. Mtge. Sink-
ing Funds 7,905,800 00
Less Bonds Redeemed and Can. 1,918,980 00 — 5,986,820 00
Sunb., Hazleton & Wilkesb. Ry. Co. 1st Mtge. Sinking Fund 120,000 00
Managers of Trust created Oct. 9, 1878 5,146,319 49 — 11,253,139 49
Insurance Fund 10,000 00
Total Assets $433,660,181 00
27. Funded Debt. — The funded debt outstanding on Dec. 31, 1902 — total, $140,619,856.91,
as per general balance sheet — consisted of the several issues of bonds, listed in the following state-
ment. Additional particulars respecting any issue will be found in the paragraph relating thereto
710 POOR'S MANUAL RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
subjoined to the statement ; and the details of funded debt outstanding on or about Aug. 1, 1903,
will be found in the Ready Reference Bond List — see General Index :
$19,997,000 general 6s of July 1, 1910.
27,280,020 ($ and £) consol. 6s of June 15 and July
1, 1905.
4,998,000 consolidated 5s of Sept. 1, 1919.
2,853,000 consolidated gold 4s of May 1, 1943.
4,850,000 consolidated sterling 3Js of July 1, 1945.
9,900,000 collat. trust gold 4Js of June 1, 1913.
2,728,000 equipment trust gold 4s of Sept. 1, 1914.
$7,702,000 P., W. & B. stock trust cert. 4s of July
1, 1921.
2,000,000 real estate 1st gold 4s of May 1, 1923.
50,000,000 gold conv. 3Js of Nov. 1, 1912.
500,000 Sun. & Lew. Ry. 1st 4s of July 1, 1936.
1,000,000 S., H. & W. Ry. 1st 5s of May 1, 1928.
1,350,000 S., H. & W. Ry. 2d 6s of May 1, 1938.
5,261,017 mortgages and ground rents payable.
General Mortgage Bonds. — Secured by first mortgage upon the main line between Philadelphia
and Pittsburgh and upon the equipment and appurtenances thereof. Authorized issue, $35,000,000.
Of the bonds outstanding $13,488,820 are sterling coupon bonds, $2,000,000 are dollar coupon bonds
and $4,509,000 are dollar registered bonds.
Consolidated Mortgage Bonds. — Secured upon the entire property and franchises of the company,
subject to the lien of the gen. mtge. bonds on the property covered by that mortgage. The consols
are a first lien upon the company's leasehold interest in the United RRs. of New Jersey, and are
further secured by deposit of bonds and stocks of an estimated cost value of $54,025,301.16. All
consols are equally secured under the same deed of trust, although issued at different periods. The
authorized issue is $100,000,000. A sinking fund of 1 p. c. is provided, which is applied to the pur-
chase of consol. mtge. bonds whenever they can be obtained at par or under, but if *he bonds are
above par, the fund is allowed to accumulate. Bonds of the 6 p. c. issue to the amount of $200,000
and bonds of the 4 p. c. issue to the amount of $29,000 were retired by action of the sinking fund
during the year ending Dec. 31, 1902.
Collateral Trust Gold Bonds. — Secured by deposit of $13,845,000 bonds of subsidiary companies.
The bonds are not liable to be drawn or compulsorily retired before maturity, but a sinking fund of
1 p. c., and interest on bonds redeemed will be applied each half year to their purchase if they can
be obtained at or below par and interest. The total issue was $10,000,000, but $100,000 of the bonds
have been retired by action of the sinking fund.
Equipment Trust Gold Bonds. — Secured by mortgage upon the equipment purchased with their
proceeds. There is provision in the mortgage for a sinking fund of 5 p. c. per annum, to be applied
to purchase of the bonds at par and accrued interest or, if bonds can not be obtained at that price, to
the purchase of additional equipment to be added to the same trust.
P., W. & B. Stock Trust Certificates. — For the payment of these certificates the faith of the
Pennsylvania RR. Co. is pledged and they are further secured by deposit of 240,000 shares of capital
stock of the Philadelphia, Baltimore and Washington RR. Co. The dividends received on the 240,-
000 shares of P., B. & W. RR. stock, after providing for the interest on the outstanding certificates,
may be applied as a sinking fund for their purchase whenever they can be obtained at a price not
exceeding par and interest, any certificates thus purchased to be cancelled. The amount of certifi-
cates originally issued was $10,000,000, but $2,298,000 of them have been retired by action of the
sinking fund.
Convertible Gold Bonds of 1902-1912. — These bonds were issued to provide the necessary funds
for the purchase of 19,000 50-ton steel cars and 260 locomotives, at a total cost of $24,000,000 ; for
the construction of the tunnel extension of the system into the City of New York, and the purchase
of real estate for passenger stations, the expenditures for which purposes during the years 1902 and
1903 are estimated at $20,000,000 ; and for other corporate purposes. They are dated Nov. 1, 1902,
and will mature on Nov. 1, 1912, but may be converted into capital stock of the company at the rate
of $70 per share, at any semi-annual interest period, on thirty days' written notice to the company,
$29,302,500 of them were thus converted as of May 9, 1903. The bonds are subject to redemption
by the company at 102 J p. c. and accrued interest at any semi-annual interest period beginning with
May 1, 1904, on ninety days' notice, but when so called for redemption they may, at the option of the
holder, be converted, on the day named for redemption, into stock as aforesaid, at the rate of $70
per share, on thirty days' written notice to the company.
Sunbury and Lewistown Ry. Bonds. — Secured by first mortgage on the Lewistown Division, from
Selinsgrove Junction to Lewistown, Pa., 44.74 miles, and on the branch from Lewistown to Milroy,
Pa., 11.14 miles. Assumed by the Pennsylvania RR. Co. in the consolidation effective as of April 1,
1902.
Sunbury, Hazleton and Wilkesbarre Ry. Bonds. — Secured in the order of their priority on the
main line of the Sunbury Division, from Sunbury to Tomhicken, Pa., 43.44 miles. The 1st mtge.
bonds, designated Series "A," are provided with a sinking fund of $5,000 per annum, the total amount
in which fund on Dec. 31, 1902, was $120,000. The payment of interest on the 2d mtge. bonds is
contingent on the earnings of the line. Both issues were assumed by the Pennsylvania RR. Co. in
the consolidation effective as of April 1, 1902.
28. Authority for Additional Issue of Bonds. — At the annual meeting held March 10,
1903, authority was voted for an issue of bonds not to exceed $50,000,000 in amount, and to be con-
vertible at the option of the holder into capital stock of the company upon such terms as the di-
rectors shall prescribe, or if not so converted to be payable not later than ten years from date of
issue. Funded debt is authorized to an amount equal to, but not exceeding, the amount of full
paid capital stock of the company issued and outstanding at any time.
29. Guaranteed Bonds. — The Pennsylvania RR. Co. guarantees bonds of other companies
as follows :
Allegheny Valley Ry.: $5,892,000 gen. gold 4s of
March 1, 1942, guaranteed as to principal and in-
terest; $9,998,000 Low Grade Div. 1st 7s (or 6 p. c.
gold) of April 1, 1910, interest and principal to be
purchased as they mature.
Baltimore and Potomac RR. : $4,500,000 1st 6s
(railroad and tunnel) of 1911, guaranteed as to
principal and interest by the Pennsylvania RR.
Co. and the Northern Central Ry. Co.
Belviderr Delaware RR. : ' $1,749,000 consol. 4s
(due $500,000 Sept. 1, 1925; $749,000 Feb. 1, 1927,
and $500,000 on Jan. 1, 1933), and fl,000,000 consol.
3§s of Jan. 1, 1943, all guaranteed as to principal
and interest by the United Companies of New
Jersey, and guaranty assumed by the Pennsyl-
vania RR. Co.
Cambria and Clearfield RR. : $1,279,000 1st gold
5s of Jan. 1, 1941, assumed by the Pennsylvania
RR. Co.
Camden and Burlington County RR. : $350,000
1st gold 4s of Feb. 1, 1927, guaranteed as to prin-
cipal and interest.
Cleveland and Pittsburgh RR. : $9,721,136.34 gen.
mtge. bonds and scrip (see statement for C. & P.
RR. Co.), guaranteed as to principal and interest.
POOR S MANUAL PENNSYLVANIA RR. CO.
711
Connecting Ry. : $798,000 1st 6s of Sept. 15, 1902-
04, guaranteed as to principal and interest.
Delaware River RR. and Bridge Co. : $1,300,000
1st gold 4s of Aug. 1, 1936, guaranteed as to prin-
cipal and interest.
Erie and Pittsburgh RR. : $3,823,000 gen. gold
3Js of July 1, 1940, guaranteed as to principal and
interest.
Grand Rapids and Indiana Ry. : $920,000 1st gold
3Js of July 1, 1941, and $4,455,000 1st gold 4Js of
July 1, 1941. The Pennsylvania RR. Co. under-
takes to purchase the bonds and coupons, in case
of default, such bonds and coupons to be held as
a debt against the company.
Harrisburg, Portsmouth, Mount Joy and Lan-
caster RR. : $700,000 1st 4s of July 1, 1913, guaran-
teed as to principal and Interest.
Indianapolis and Vincennes RR. : $1,700,000 1st
7s of Feb. 1, 1908, guaranteed as to principal and
interest.
Pennsylvania Company : $19,467,000 1st gold 4Js
of July 1, 1921 ; $4,950,000 guaranteed 3J p. c. trust
certificates, Series A, of Sept. 1, 1937 ; $10,000,000
guaranteed 31 p. c. trust certificates, Series B,
of Feb. 1, 1941 ; and $16,000,000 gold debenture 3Js
of Nov. 1, 1916. All four issues are guaranteed as
to principal and interest.
Pennsylvania Schuylkill Valley RR. : $5,000,000
1st 31s of Dec. 1, 1935, assumed as of April 1,
1902, on purchases of Schuylkill and Juniata RR.
Philadelphia and Erie RR. : $19,823,000 gen.
mtge. gold bonds of July 1, 1920, of which $8,680,-
000 are 6s, $5,263,000 5s and $5,880,000 4s, all guar-
anteed as to principal and interest.
Philadelphia, Germantown and Chestnut Hill
RR.: $1,000,000 1st 41s of May 1, 1913, guaranteed
as to principal and interest.
Pittsburgh, Fort Wayne and Chicago Ry. : $5,-
250,000 1st 7s of July 1, 1912; $5,160,000 2d 7s of
July 1, 1912 ; and $2,000,000 3d 7s of July 1, 1912.
Under the terms of the lease the 1st mtge. bonds
and the 2d mtge. bonds are guaranteed as to in-
terest and sinking fund payments, and the 3d
mtge. bonds as to principal and interest, by the
Pennsylvania RR. Co. By the assignment of the
lease to tne Pennsylvania Co. the latter became
a guarantor to the same extent.
Ridgway and Clearfield RR.: $4iu,000 1st 5s of
Nov. 1, 1923, guaranteed as to interest and sink-
ing fund under the terms of the lease.
United Neiv Jersey RR. and Canal Cos. : $20,-
000,000 gen. mtge. gold bonds as per appended
statement for U. N. J. RR. & C. Cos. assumed
and guaranteed both principal and interest.
Western Pennsylvania RR. : $4,000,000 consol.
gold 4s of June 1, 1928, guaranteed as to prin-
cipal and interest.
SO. Property Included in Cost of Road and Equipment. — The total line charged in
construction account for road between Philadelphia and Pittsburgh includes the Harrisburg, Ports-
mouth, Mt. Joy and Lancaster RR., 109.22 miles, represented by $1,882,550 guaranteed stock ajid
bonds of that company ; the branches to Indiana, Hollidaysburg, and Morrison's Cove ; branch at
Tyrone and branch to connect with P., V. & C. RR. and branch ; Columbia Bridge ; branches from
Columbia to York ; the lines formerly of the Schuylkill and Juniata and the Trenton Cut-off RR.
Cos., and sundry other branches and extensions, and including wharves and grain elevator, and cost
of stations, warehouses, and shops. The equipment, charged in equipment account, consists of loco-
motives, passenger cars, baggage, mail, and express cars, freight cars, and road cars, as well as shop
machinery, steamboats, car floats, and canal equipment, schooners, barges, and tugs.
31. STATEMENT OF THE INSURANCE FUND FOB THE YEAR ENDING DEC. 31, 1902 —
ALL LINES OF PITTSBURGH AND ERIE, EXCEPT NORTHERN CENTRAL, RY. Co.
Receipts :
Amt. Rec'd from Securities Matured. . $77,000 00
Contrib. to Fund, Chg. to Op. Exp. . 631,582 18
Interest from Securities 203,75432
Balance Dec. 31, 1902 31,51357
Total $943,85007
Disbursements :
Balance Dec. 31, 1901 $14,546 38
Amt. Paid for Fire, Marine and Other
Insurance 42,646 07
Amount Reimbursed Operating Dept. . 674,410 38
Sundry Expenses 13,24724
Purchase of Securities 199,000 00
Total $943,85007
Assets of the Insurance Fund, December 31, 1902:
U. S. Government 4 p. c. Bonds
City of Philadelphia 3 p. c. Bonds
P., W. & B. RR. Co. 4 p. c. Bonds
Phila. & Erie RR. Co. 4 p. c. Bonds
Erie & Pittsb. RR. Co. 31 p. c. Bonds. .
P., Y. *i A. RR. Co. 5 p. c. Bonds
P. & B. C. RR. Co. 4J p. c. Bonds
Pennsylvania Car Trust 31 p. c. Cert..
R. & C. RR. Co. 5 p. c. Bonds
C. & C. RR. Co. 5 p. c. Bonds
P., C., C. & St. L. Ry. Co. 41 p. c. Bds.
P., C., C. & St. L. Ry. Co. 31 p. c. Bds.
Northern Cent. Ry. Co. 5 p. c. Bonds..
Penn. Co. Guar. 31 p. c. Cert
C. & Pt. Deposit Ry. Co. 4 p. c. Bonds.
3*2. STATEMENT OF PENN. RR. VOLUNTARY RELIEF DEPT. YEAR ENDING DEC. 31, 1902.
$100,000 00
250,000 00
200,000 00
450,000 00
100,000 00
250,000 00
F. & J. A. RR. Co. 6 p. c. Bonds
S., H. & W. Ry. Co. 5 p. c. Bonds...
Alleg. Val. Ry. Co. 4 p. c. Bonds
E. & B. L. RR. Co. 5 p. c. Bonds
G. R. & Ind. RR. Co. 31 p. c. Bonds.
Penn. Equip. Trust 3* p. c. Cert
. $180,150 00
98,000 00
60,000 00
55,000 00
. 350,000 00
41,000 00
275,000 00
525 000 00
S. V. & P. RR. Co. 31 p. c. bonds..
25,000 00
491,000 00
100,000 00
Balance Dec. 31, 1902
$5,000,150 00
31 513 57
150 000 00
100,000 00
105,000 00
675 000 00
Value of the Ins. Fund, Dec. 31, 1902
Value of the Ins. Fund Dec. 31, 1901
.$4,965,636 43
. 4,863,603 62
420,000 00
Increase. 1902 ..
. $105.032 81
Receipts :
Cash Balance, Dec. 31, 1901 $367,26945
Contributions by Members 1,061,103 01
Interest 14,18964
Deficiencies Paid by Companies 70,865 08
Operating Expenses Paid by Co» 164,446 -a
Total Receipt* $1,«67,87S 45
Disbursements :
Death Benefits, Accident $159,96706
Death Benefits, Natural 307,91653
Disablement Benefits, Accident 226,189 55
Disablement Benefits, Sickness 426,66750
Operating Expenses 164,446 29
Total Disbursements $1,285,186 93
Balance to Credit of the Fund on De-
posit with Treasurer of The Penn-
sylvania RR. Co $382,6886°
712 POOR'S MANUAL RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Membership, Dec. 31, 1902. — Pennsylvania RR., 58,769; Philadelphia, Baltimore
and Washington RR., 5,778; Northern Central Ry., 4,138; West Jersey and Seashore
RR., 1,622— total, 70,307, an increase of 10,637 over 1901.
Relief Fund Surplus Account, Dec. 31, 1902. — Amount to credit of this Fund, Dec.
31, 1902, .$751,256.25. To meet this Surplus Fund balance the Relief Fund has the
following assets: $330,000 Columbia and Port Deposit Ry. Co. 4 p. c. mtge. coupon
bonds; $159,000 Western New York and Pennsylvania Ry. Co. gen. mtge. 4 p. c. coupon
gold bonds, and $247,000 Chesapeake and Ohio Ry. Co. gen. mtge. 4y2 p. c. coupon regis-
tered gold bonds — total, $736,000, costing $751,256.25.
33. Statement of stocks owned by the Pennsylvania RR. Co., December 31, 1902,
and income received therefrom during the year 1902 :
NAME OP
COMPANT.
Shares.
Total Par.
Income
for 1902.
NAME OF
COMPANT.
Shares.
Total Par.
Income
for 1902.
Alleg.V.Ry.,pref...]
Alleg. V. Ry., com
Ar. R. E. Es. Co., metal
Bald E. V. RR. Co
B. A 0. RR. Co., pref. .
B. A 0. RR. Co., com.. .
Bargegat RR Co
237,533
Sep. $3.77
193,076
12,000
14,125
214,800
302,933
1,000
4,474
Sep. $46.08
5,000
12,000
4,892
250
26,011
101,300
12,000
72,273
10,000
19,517
2,242
2,502
2,000
2,500
26.000
8,113
7,000
49,993
378
20,000
7
2,100
1,500
1,533
7,000
$
} 11,876,653 77
9,653,800 00
480,000 00
706,250 00
21,480,000 00
30,293,300 00
50,000 00
j- 223,746 08
250,000 00
600,000 00
244,600 00
25.000 00
1,300,550 00
10,130,000 00
600,000 00
3,613,650 00
500,000 00
975,850 00
112,100 00
125,100 00
200,000 00
250,000 00
1,300,000 00
405,650 00
350,000 00
2,499,650 00
37,800 00
2,000,000 00
350 00
10,500 00
75,000 00
76,650 00
350,00000
$
Penn. Equip. Tr., 3i p
c. gold certificate
dated June 1, 1901
Penn. R. St. Tr., 3} p
c. gold certificates
dated April 1, 1899
Pa. Roll. Stk. Tr. 4 p.c
6
5
$
5,00000
5,00000
$
175 00
175 00
2,060 00
70,625 00
859,200 00
733,824 00
Pa.Stl.Co.ofN.J.,com
Pa.StLCo.ofN.J.7p
c., non-cum. pref
Pa. A N.W. RR. Co . . .
Pa.,N.J. A N.Y. RR.Co
686
5,084
44.758
1,000
100,000
3.968
12,083
5,000
4,000
69,996
48,000
15,300
6
160,000
162,294*
3,950
2,995
15,083
250
67,641
10,000
4,450
9,820
6,000
5
2,000
8,400
21,145
190
5,000
500
21,368
865
1,000
20,000
13,500
126
4,000
3,300
33,859
36
35,500
388,053$,
2,000
8,000
68,600 00
508,40000
2,237,900 00
100,000 00
10,000,000 00
198,400 00
604,150 00
250,000 00
200,000 00
3,499,800 00
2,400,000 00
765,000 00
60000
8,000,000 00
8,114,725 00
197,500 00
299,50000
1,508,300 00
25,000 00
3,382,050 00
500,000 00
445,000 00
491,000 00
300,000 00
250 00
70,000 00
420,000 00
1,057,250 CO
9,50000
500,000 00
25,000 00
2,136,800 00
43,250 00
100,00000
1,000,000 00
1,350,000 00
3,150 00
200,000 00
165,000 00
1,692,950 00
1,800 00
1,775,000 00
19,402.686 50
10,000 00
400,000 00
78,239 61
B.,C.AA.Ry.,pref.-J
B..C.AA. Ry., com...
Bedf.ABridg.Ry.Co..
Bel. Dela. RR. Co
B.&Mt. Holly Tr.RR..
Cam. A Clear. RR. Co. .
Ches. & 0. Ry.Co., com.
Col.AP.Dep. Ry.Co..
Connecting Ry. Co
Cres. & Irv. RR. Co
C.Val.RR.Co.,com....
C. V. RR. Co., 1st pref..
C. V. RR. Co.. 2d pref. .
C.V.AMar.RR.Co...
Del. AS. Market Co. ..
Del. Riv. RR. A B. Co.
D. & Lan. RR. Co
Eben. AB1. L. RR.Co.
E. A W. Transp. Co. ...
F. &J. Agric.RR. Co...
Girard Pt. Storage Co. .
H., P., MU.AL.RR.CO.
35,588 00
89,116 00
12,230 00
Pa.,N.Y. A L.I.RR.Co..
P. A. A Wood. RR.Co.
Ph. A Camden Fer. Co .
Ph. A Del. Co. RR. Co..
Ph. A B.Haven RR. Co.
|Ph. A Erie RR.Co.com.
Ph. A Erie RR.Co. pref.
Ph. A L. Branch RR.Co
Ph. A Trenton RR.Co.
Ph.,Wil. A Balt.RR.Co.
|Ph.,Balt.AW.ash.RR.C.
Pitt. A E. RR. Co
Pitt. Provision Co
P., Ft. W. A Chi. Ry.
Co., guar. special . . .
P., Ft. W. A Chi. Ry.
Co., reg. guar
Pitt., Vir. AC. Ry.Co .
Pom. & Newark RR.Co.
Rirh.-Wash. Co
Ridg. A Clear. RR.Co.
River Front RR. Co. ..
R. H. RR. A Trans.Co.
Roxbor. RR. Co., instal
South Fork RR. Co ...
S.W.Penna. Ry.Co...
Stewt'n. RR.Co. of Pa.
Stuyvesant R. Est. Co.
Summit Br. Min. Co. . .
Susquehanna Coal Co. .
Tipton RR Co
'"19,840 '66
60,415 00
"ib'i.3o6'66
30,000 00
144,546 00
139,992 00
168,000 00
f- 97,044 00
6000
357,744 50
162,294 00
6,912 50
10,000 00
52,000 00
105,581 00
1,75000
236,743 50
"99,986 66
26 25
H.4S.RR.Co..instal.
Johnsonburg RR. Co . .
13,350 00
29,46000
15,000 00
1500
4,599 00
L.AR.N.GaugeRR.Co.
2,10000
Lew. & Tyrone RR. Co.
Long Island RR. Co. . .
Manor R. E. ATr.Co..
Mer. Warehouse Co.. . .
M.ANewB.RR.Co...
Min. R.A M. Co., instal.
Mon. A Wash. RR.Co..
Monongahela RR. Co. .
N.Y. Con. RR.Co., pref.
N. J. Ware. A Guar. Co.
New York Bay RR.Co.
Nor. A West. Hy. Co. c.
N.AW.Ry.Ca.adj. pref.
Northern Cent. Ry. Co.
N. ANan.RR.Co.instal.
Pennsylvania Annex. . .
22,209
135,958
40,000
1,100
5
16,667
10,890
3,700
500
5,000
10,000
203,300
55,000
125,359
11,600
5,000
70,343
800,000
65
710
2,875
1,110,450 00
6,797,900 00
2,000,000 00
110,000 00
250 00
100,002 00
544,500 00
185,000 00
50,000 00
25,000 00
500,000 00
20,330,000 00
5,500,000 00
6,267,950 00
58,000 00
250,000 00
3,517,150 00
40,000,000 00
65,000 00
710,000 00
2,875,000 00
105,725 00
19000
7,700 00
The Pres., Mgrs. A Co.
for erecting a bridge
over the river Delaw.
at or near Trenton. . .
Tyrone A Clear. Ry. Co.
Un.N.J.RR.ACan.Co.
Yin. Br. of the Bur.Co.
RR.Co
W.,A.AMt.V.Ry.Co..
West Chester RR. Co. .
W. J. A S.RR. Co.,com.
W. J.A S.RR-Co. sp.gn.
W. Pa. RR. Co. . .
4,000 00
50,000 00
135,000 00
189 00
20,000 00
508,250 00
220,000 00
501,436 00
8,250 00
84,647 50
88 50
106,50000
Penn. Co., common . . .
Penn. Car Tr., 3$ p.c. g.
cer. dated Feb.l, 1900
Penn. St. Car Tr., 3i p.
c. gold certificates,
dated Julv 1, 1902. .
Penn. St. Car Tr., 3} p.
c. gold certificates,
dated Oct. 1, 1902..
1,200,000 00
10,228 75
31,193 75
W. N.Y. A Pa. Ry.Co..
Y. H. ARow.RR.Co.ins
York, H. A F. RR. Co..
Sundry Stocks ..
Total
266,339,202 96
5,055, 150 25
POOR'S MANUAL PENNSYLVANIA BR. CO.
713
34 Statement of bonds owned by the Pennsylvania RR. Co., Dec. 31, 1902, and
income received therefrom during the year 1902:
NAME OF COMPANY.
Total Par.
Income
for 1902.
NAME OF COMPANY.
Total Par.
Income
for 1902.
Alleg. V v. gen. mtge. coup. 4s
Halt. A Pot. RR. Co. con. mtge. 5s
$
300,00000
3 000,000 00
1,700,000 00
300,00000
1,000,000 00
634,000 00
300,00000
625,00000
754,00000
110,000 00
1,000 00
$
2,00000
150,00000
85,00000
12,000 00
20,746 67
31,700 00
15,00000
17,500 00
30,160 00
3,30000
Penn. Co. guar. 3J p. c. coupon, gold
trust certificates, series "C."
Penn. RR. Co. 4 p. c. equip, trust
gold coup, registered, series "A.". .
Penn., Schuyl. Valley RR. Co. 1st
mtge 3Js, reg
1
5,000,000 00
14,00000
$
56000
58,33333
1,86000
Bedford & Bridgeport Ry. Co. 5s,
Itelvidere Delaware RR. Co. consol.
Penn. Steel Co. A Md. Steel Co. con.
joint mtsie. 6 p. c. coup
31.00000
180,000 00
Belvidere Delaware RR. Co. 1st mtg.
Phila. A Del. County RR. Co. 1st
mtgp. 5 p. c. registered gold
Cambria & Clearfield RR. Co. 1st
mtge. g. 5s, coupon registered
Cent. Stock Yard & Transit Co. 1st
mtge. 5s, registered, extended. . . .
Chartiers Ry. Co. 1st mtge. 3} p. c.
Phila. A Erie RR. Co. gen. mtge. 5s,
263,000 00
3,681,000 00
750,000 00
13,150 00
220,860 00
Phila. A Erie RR. Co. con. gen. mtge.
Phila'. A Long Branch RR. Co. 1st
mtge 5 p c. coupon
Cincin. A Muskingum Vy. RR. Co.
1st mtge. 4s, coup. reg. gold
City of Phila. 3s, serial loan, matur-
ing Dec 31 1917
Piedmont A Cumberland Ry. Co. 1st
100,00000
5,00000
28000
154,395 00
56,00000
4,13000
1,25000
3,36000
6,92000
55,072 50
2,32744
42,00000
2,550 00
29,58000
30000
52500
10000
28000
50,00000
3,535 00
6,96000
7,80000
3.5,00000
2.10000
Pitts., Cin., Chic. A St. L. Ry. con.
Connecting Ry. Co. _ 1st mtge. 6s,
Pitts., Va. A Charleston Ry. Co. 1st
mtge. 4Js, coup, gold, series "A'1...
Pitts., Va. A Charleston Ry. Co. 4
p. c. certificite of indebtedness
Pitts., Wheel. A Ky. RR. Co. 1st
mtge. 7 p. c. registered
Pitts., Youngstown A AshtabulaRR.
Co. 1st con. mtge. 5 p. c. coupon. . .
River Front RR. Co. 4 p. c. certifi-
cate of indebtedness
3,431,000 00
3,270,000 00
53,00000
25,00000
Connecting Ry. Co. mtge. 3J- p. c.
225,00000
200,000 00
100,00000
500,00000
48,00000
300,00000
285,00000
3,50000
278,000 00
10,220 00
8,00000
1,92000
6,2.50 00
17500
12,510 00
3500
147,480 00
30,000,00
7000
17,00000
7,98000
8,36500
9,00000
'15,800 00
24,500 00
9,00000
1.10000
96000
18,682 96
1,62000
Columbia A Port Deposit Ry. Co.
1st mtge. 4s, coupon registered. . .
Cresson Springs Co. 6s, mortg. reg. . .
Cresson A Irvona RR. Co. 1st mtge.
4s, coupon registered gold
Dayton Union Ry. Co. at Dayton.O.,
mtge. 4s, registered coupon gold . .
Downingtown A Lancaster RR. Co.
1st mtge. 4 p. c. coupon
Ebensburg A Black Lick RR. Co. 1st
Scalp Uvel RR. Co. 4 p. c. certifi-
cate of indebtedness
Shamokin Vy. A Pottsville RR. Co.
1st mtge. 3J p. c. gold coupon
South Fork RR. Co. 4 p. c. certificate
1,544,000 00
000,000 00
600,00000
51.00000
498.00000
Elmira A Williamsport RR. Co. 5
Gr. Rap. A Ind. RR. Co. 1st mtge. 7
p. c. g. eoup. extended at 4$ P- c... .
Gr. Rap. A Ind. RR. 1st mtge. ext.
3(s
South West Penn. Ry. Co. 1st mtge.
7 p c. registered
Steubenville A Indiana RR. Co. 1st
mtge. 5 p. c. registered, extended...
Sunbury, Hazleton A Wilkesbarre
Ry Co 2d mtge 6 p c reg
Grand Rapids A Indiana RR. Co. 2d
mtge 4 p c gold coupon
3,687,000 00
500,00000
1,00000
340,000 00
81,000 00
Indianapolis A St. Louis Ry. Co. 1st
Sunbury, Hazleton A Wilkesbarre
Indianapolis A Vincennes RR. Co.
Terre Haute A Indianapolis RR. Co.
1st con. mtge. 5 p. c. gold coup.reg.
Terre Haute A Indianapolis RR. Co.
11,00000
2,00000
2,000 00
1,000,000 00
75,00000
116,000 00
260,00000
1,000,000 00
54,00000
9,134,000 00
513 38
150,00000
International Navigation Co. of N. J.
1st mtge 5 p. c. coupon
Jeffersonville, Madison A Indianap.
RR.Co.lst mtge. S. F. 7s, coup. . . .
Jersey City A Bergen RR. Co. 1st
The President, Managers and Com-
pany for erecting a bridge over the
river Delaware at or near Trenton,
Johnsonburg RR. Co. 1st mtge. 6e,
coupon
150,00000
294,174 65
316,000 00
1,358,000 00
1,200,000 00
180,00000
22,00000
24,00000
467,073 99
27,00000
384,00000
1,00000
Tyrone A Clearfield Ry.Co. 1st mtge.
Lewisburg & Tyrone RR. Co. 5 p. c.
certificate of indebtedness
Lisbon Coal Co. 5 p. c. mtge
Union A Logansport RR. Co. 1st
mtge. 7 p. c. coup. reg. sink. fund...
United N. J. RR. A Canal Co. gen.
mtge. 6s, reg. g.dated Sep. 2, 1878.
Wash., Alex. A Mt. Ver. Elec. Ry.
Co. 1st mtge. 3 p. c. gold coupon . .
Wash. So. Ry. Co. 1st mtge. 3i p. c.
Little Miami RR. Co. mtge. 3J p. c.
betterment, coupon registered ....
Manor Real Estate A Trust Co. 3 p. c.
certificate of indebtedness
Maryland Steel Co. 1st mtge. 5s, reg..
N. Y. A Long Branch RR. Co. gen.
mtge. 5 p. c. gold, registered coup..
X. Y. A Long Branch RR. Co. gen.
mtge. 4 p. c. gold, registered coup..
N. Y. Bay RR. Co. 4 p. c. certificate
of indebtedness
West. N. Y. A Penn. Ry. Co. gen.
mtge. 4 p. c. coup. reg. gold
West. N. Y. A Penn. Ry. Co. income
mtge. 5 p. c. coupon registered. . . .
West. N. Y. A Penn. Ry. Co. income
Northern Central Ry. Co. con. gen.
mtge. 6 p. c. coupon gold
York, Hanover A Frederick RR. Co.
mtge., 4 p. c. coup. r«gist«red gold.
Total
Penn. Canal Co. gen. mtge. 6s, coup. .
Penn. Co. guar. 3i p. c. gold loan
1901, coupon, trust certificates. . . .
Penn. Co. guar. 3i p. c. trust certifi-
cate*, series "B."
70000
647 50
51.391,263 02
1.463,710 40
714 POOR'S MANUAL RETURNS RHCEIYED TOO LATK FOR CLASSIFICATION.
35. SUMMARY OF STOCKS AJJD BONDS OWNED.
Par Value of Stocks $26«,S3S,202 %
Par Value of Bonds 51,581,26208
Total Par Value $317,930,46498
Cost, as per General Balance Sheet. .$225,948,825 75
Of the foregoing securities there are deposited
undur the Consolidated Mortgage and the Col-
lateral Trust Loan :
Stocks of a Par Value of.
Bonds of a Par Value of.
.$67,373,650 00
. 16,887,000 00
Total $84,260,650 00
36. Statement of bonds and stocks owned by Pennsylvania RR. Co. for eight
years.
1895
1896
1897
1898
1899 1900
1901
m
1902
Bonds, par
$
42,148,649
S
41,000,296
$
42,504,246
$
39,780,882
$
41,116,782 49
S
46,833,835 87
208,225,809 18
46,486,823 37
251,528,125 85
$
51,591,262 02
266,330,202 %
Stocks, par
Total
127,357,655
132,598,134
132,598,791
132,891,226
135,137,706 60
169,506,304
118,035,906
4,353,987
173.598,430
119,947,895
4,615.433
175,103,037
119,659,344
4,616,216
172,672,108
117,238,886
3.636,057
176,254,489 09
120,362,425 97
4,739,506 15
255,059,645 05
164,965,438 20
5,781,297 30
298,014,949 22
202,994,161 08
7,781,720 38
317,930,464 98
225,948.825 75
8,118,860 65
Cost of same. .-.. .
Income
37. Statement of mileage, equipment and general balances of the Pennsylvania
RR. Co. for seven years ending Dec. 31, 1902:
1896
1897
1898
1899
1900
1901
1902
*Miles RR. Owned
Miles of Track Owned.
M.SteelR'l inT'kOw'd.
532.03
1,905.87
1,869.05
1,803
1,375
390
43,309
3,120
$
129,303,150
87,943,911
18,258,723
1,882,550
3,283,462
535.71
1,937.55
1,904.82
1,803
1,375
390
48,588
3,139
$
129,303,700
87,943,911
20,776,875
1,882,550
3,283,462
534.97
1,965.18
1,944.01
1,803
1,372
408
51,571
3,156
$
129,305,000
87,903,911
20,881,131
1,882,550
3,283,462
544.86
2,018.87
1,996.22
1,848
1,386
393
52,712
3,178
S
129,305,500
88,214,911
25,302,311
1,882,550
3,283,462
539.34
2,045.76
2,027.30
1,889
1,386
393
52,784
3,231
$
151,502,250
88,633,536
28,399,344
1,882,550
3,283,462
20 650 000
552.13
2,124.29
2,108.55
2,016
1,416
416
52,800
3,248
$
203,272,100
88,893,324
34,468,469
1,882,550
3,283,462
833.87
2,713.37
2,702.56
2,213
1,418
469
59,574
3,309
S
204,374,850
140,619,857
44,240,701
1,882,550
3,283,462
Baggage, etc., Cars.. . .
Freight and Coal Cars.
R'dway & Surf. Cars...
Capital Stock
Funded Debt. . . .
Accounts Payable.etc.
Guar. Stk.& Bds.H.P.,
Mt. J., & L. RR. Co.
Securities United Cos..
4,655,456
5,664,580
563,500
51,647
4,749,867
5,989,360
644,000
226,159
1,800,000
22,823,957
4,841,868
6,344,140
724,500
200,115
1,800,000
22,445,997
4,933,306
6,698,620
805,000
450,586
1,500,000
22,380,733
5,036,646
7,101,310
885,500
459,025
3,000,000
22,485,304
5,146,319
7,503,700
966,000
165,822
5,000,000
24,310,476
5,275,748
8,025,800
1,046,500
168,488
Bonds Redeemed ....
Paymts.for Lsd. Equip
Trust.Cons. Mtge. S.F.
Extraord. Exp. Fund .
Profit and Loss
24,152,323
24,742,225
Total Liabilities. . . .
Cost of Road. . .
275,759,302
55,267,699
45,349,842
20,458,405
279,423,841
55,267,700
45,463,243
20,458,405
279,612,673
56,051,781
45,663,243
20,656,285
284,756,979
56,398,758
46,692,043
21,028,763
333,318,928
56,678,758
47,597,043
21,514,118
374,892,222
56,678,758
47,597,043
21,514,118
433,660,181
78,017,477
50,775,055
21,929,252
Equipment. . .
Real Estate and Tel. .
Permanent Prop. . .
Bonds Owned .
121,075,946
34,901,645
74,392,584
10,653,666
4,582,408
3,892,600
121,189,347
38,735,317
80,924,027
122,371,309
35,993,494
81,245,392
124,119,564
36,363,751
83,998,675
125,789,919
35,692,061
129,273,377
1,125,633
4,933,305
5,240,330
125,789,919
36,293,579
166,700,582
1,334,350
5,036,646
5,613,720
150,721,784
41,444,739
184,504,087
1,285,474
5,146,319
5,986,820
120,000
10,000
3,283,462
130,810
5,421,729
8,630,097
26,974,859
Stocks Owned. . . .
Other Investments.. . .
Trust of 1878
4,655,456
4,217,380
4,749,867
4,542,160
4,841,868
4,867,640
Con.Mtg.of 1873, S. F.
S. H. & W. Ry S. F.
Bonds to Ins. Fund. . .
Securities United Cos..
Mtge. & Ground Rents
Fuel and Materials. . ..
Advances to Cos., etc..
Cash & Cash Balances.
Property and Assets
10.000
3,283,462
45,000
2,850,389
4,263,022
15,808,580
10,000
3,283,462
32,500
2,077,068
3,853,842
20,445,441
10,000
3,283,462
32,500
2,220,423
4,697,896
10,000
3,283,462
36,500
3,747,906
3,702,098
10,000
3,283,462
133,310
4,741,864
3,959,887
19,135,780
10,000
3,283,462
133,310
4,554,441
5,809,353
20,332,859
20,466,170
19,785,515
275,750,302
279,423,841
279,612,673
284,756,979
333,318,928 374,892,222
1
433,660,181
*Exclusive of the lines owned by this company, but operated by the Northern Central Ry. Co. and ths v
Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co.
POOR'S MANUAL PENNSYLVANIA RR. CO. 715
38. GENERAL, RBMAEKS.
The report of the Managers of the Trust created Oct. 9, 1878, shows that there has been paid
to this Trust by the company to Dec. 31, 1902, the sum of $5,146,319.49, that on that date securi-
ties amounting at par to $11,546,230 were held in the Trust, and that the total income therefrom has
been $9,049,640.20. There was appropriated to the Trust for the year 1902 the sum of $129,428.63,
and the interest received on securities held in the Trust during the year averaged about 4.6 p. c. on
their cost.
The statement of the Insurance Fund (see Sec. 31) shows assets on hand at the end of the year
of $4,968,636.43, being an increase, as compared with 1901, of $105,032.81.
The membership of the Employees' Voluntary Relief Department of the Lines East of Pittsburgh
and Erie aggregated 70,307 at the close of the year, being a gain of 10,637 members as compared
with the previous year. The statement of the operations of the Fund (see Sec. 32) shows that during
the year the members contributed $1,061,103.01, while the Pennsylvania RR. Co. and its affiliated
lines paid $164,446.29 for operating expenses. The total receipts of the Department, including in-
terest and other items, were $1,310,604, which, -with $357,269.45, the balance on hand at the
beginning of the year, made an aggregate of $1,667,873.45, out of which $467,883.59 was distributed
as death benefits (being an average in each case of about $560.34), and $652,857.05 in cases of dis-
ability arising from sickness and accident. After meeting its obligations for the year, a balance of
$382,686.52 remained to the credit of the Fuod, from which must be paid unadjusted claims for
benefits growing out of sickness or accident during 1902 and previous years. In addition to this
balance there is a surplus which has accumulated during the life of the Fund, amounting to
$751,256.25, which has been invested in securities yielding a return of 4 per cent, upon their cost.
The statement of the Employees' Saving Fund shows that the number of employees who availed
themselves of its benefits continued to increase, there being 7,997 at the end of the year, a gain of
942 over the preceding year. The amount received from depositors during 1902 was $958,060 and
the balance in the Fund, at the close of the year, was $3,408,250.50. Of this amount, $3,300,000
has been invested in securities, bearing interest at an average rate of over 3J p. c.
The Pension Department is fully meeting the purposes of its organization, and its requirements
are satisfactorily met by the increased appropriation thereto authorized at the meeting of the share-
holders in March, 1902. During the year there were retired 133 employees who had reached the
seventy-year limit, and 94 employees between sixty-five and seventy years of age, who had been
over thirty years in the service and were incapacitated for further active work. Of the employees
who had been formerly retired 131 died during the year, so that there are now carried on the rolls
1,017 employees over seventy years of age and 184 between sixty-five and seventy years of age.
The amount of allowances paid during the year was $265,112.65.
In accordance with the announcement made at the annual meeting in March, 1902, that a large
expenditure would be required for the increase of the equipment, and also for the construction of the
tunnel line to connect the system by rail with the city of New York, and the erection of a centrally
located passenger station in that city, and with the view of providing funds for these and other
corporate purposes, the privilege was granted, on March 12, 1902, to the shareholders to subscribe
In proportion to their holdings for $50,000,000 of 31 p. c. 10-yr. convertible gold bonds of the com-
pany, bearing date Nov. 1, 1902. In addition to the right then given to the holders of these securi-
ties to convert the same into capital stock of the company on May 1, 1904, or at any subsequent
semi-annual interest period, at $70 per share, it has since been deemed proper to give them the
privilege of an earlier conversion on the same basis, under which they may surrender their bonds
and become shareholders of record May 9, 1903.
The tunnel extension into New York commences at a point on the United New Jersey RR., about
a mile east of Newark, whence a double-track road will be constructed by the Pennsylvania, New
Jersey and New York RR. Co. on an elevated line to Weehawken, and thence by tunnel under Bergen
Hill and the North River to a connection on the boundary line between the States of New York and
New Jersey, with the line of the Pennsylvania, New York and Long Island RR. The latter company
Is to complete the line from that point under the North River, the city of New York, the East River
and Long Island City, to a junction with the Long Island RR. near Thompson Avenue in that city.
It will also make connection with the New York Connecting RR., and through it with the New York,
New Haven and Hartford RR., and thus provide an all-rail passenger route between the Pennsyl-
vania RR. System and New England.
The necessary authority from the States of New Jersey and New York for the prosecution of
this enterprise was readily obtained, but the inception of the work was delayed by the inability
to procure the requisite legislation from the municipal authorities of the city of New York. The
franchise for this purpose, which was promptly granted by the Board of Rapid Transit Railroad
Commissioners, had also to be approved by the Board of Aldermen, but it was only on the 16th of
December, 1902, that that body took affirmative action. The application to the Board of Rapid
Transit Railroad Commissioners covered the construction :
First. — Of a railway consisting of two double-track lines, starting from adjacent points under*
the Hudson River, on the line between the States of New York and New Jersey, and running east-
wardly through New York city, one under 31st Street and the other under 32d Street, and thence
under the East River and Long Island City to a surface terminus near Thompson Avenue in that city.
Second. — The construction of a terminal station between 31st and 32d Streets, and 7th and 9th
Avenues, in New York, and for that purpose the closing and occupancy of 32d Street between the
avenues named.
Third. — The construction of a third double-track railway from this terminal station under 33d
Street and to and under the East River to the terminus near Thompson Avenue.
Fourth. — The construction of additional tracks on 31st, 32d, and 33d Streets necessary for the
operation of the railway and station.
Fifth. — The occupancy of ground under 33d Street and east and west of 4th Avenue for a local
station.
Sixth. — The maintenance and operation of the necessary cables, wires, and conduits under and
along the route of the railway for power, heating, light, and other necessary purposes.
Seventh. — The right to use private property, lawfully acquired, for its corporate purposes in
connection with the construction and operation of the tunnel ; and
Eighth. — The right to maintain and operate the railroad in perpetuity.
The conditions under which the franchise was granted are —
First. — That the tunnel company shall begin the construction of its road within three months
after obtaining the needful municipal and other consents, and complete its construction within five
years thereafter, except the portion under 31st Street, as to which an additional ten years is given,
with the option to the company to abandon the construction of that section, or build it in whole
716 POOR'S MANUAL — RETURNS RECEIVED TOO LATH FOR CLASSIFICATION.
or In part during said period ; but such period of five years may be extended for a further five years
upon reasonable cause shown, and shall be extended so as to cover any delays properly caused by
legal proceedings.
Second. — That the tunnel company shall pay the city a compensation per linear foot for the
tracks so laid under the cities of New York and Long Island, and a further compensation for the
use, for station purposes, of the underground portions of the streets, other than 32d, which it so
occupies. Such compensation is fixed for the first period of twenty-five years, and is subject to
readjustment at the end of each like period. For the first period of twenty-five years, it is so
adjusted that the tunnel company pays double the amount per annum for the latter fifteen years
thereof that it does for the first ten, and on this basis the average for the entire period will be
about $64,000 per annum.
Third. — That the tunnel company shall also pay $36,000 per annum for the portions of 32d
Street vacated between 7th and 9th Avenues and occupied by the passenger station, with the right
to commute such annual compensation by payment of $788,600 as soon as the city is authorized to
convey said property to the tunnel company in fee.
Fourth. — That the power to be used shall be electricity or other approved power not involving
combustion in the tunnel.
A large proportion of the real estate required for the construction of the terminal station has
been purchased, and the residue thereof will be acquired through proceedings in condemnation.
The necessary consents are also being obtained from the owners of the property abutting on the
streets under or through which the railway runs, and in default of such consents, the determination
of Commissioners appointed under the law to grant the proper authority in lieu thereof will be
secured. The engineering work is now [March 1, 1903] in progress and the actual construction will
soon be inaugurated. It is believed that the location of the terminal station is such that it will
permanently and satisfactorily accommodate the passenger traffic of the system, and it is intended
that the building to be erected and the facilities to be furnished at that point shall fully correspond
with the requirements of the service. It will be necessary to provide additional capital for the
prosecution of this work after the expiration of the current year.
In the extraordinary expenditure for the year is included a large amount of work upon the
Main Line and the United RRs. of New Jersey. The most important work upon the United RRs.
of New Jersey was in connection with the elevation of the tracks through Newark and New Bruns-
wick, and the revision of the line through Trenton, for the purpose of eliminating the grade crossings
in those cities. The change of line at Trenton involved the construction of a new four-track
stone arched bridge over the Delaware River at that point, and a corresponding change in the
location of the tracks of the Philadelphia and Trenton RR. on the western side of the river.
The other main expenditures upon that Division were in the substitution of masonry and
embankment for trestles on the Harsimus Branch, the rebuilding of the Grand Street pier at Jersey
City, the prosecution of the terminal improvements at Greenville on the New York Bay RR., through
the construction of the bulkhead, the dredging of the channel, and the filling in of the property at
that point, for the accommodation of traffic to and beyond Long Island and to New York harbor ;
and the completion of the train shed and other facilities connected with the new passenger station
at Camden, New Jersey, for the use of the Amboy Division and seashore lines.
Upon the Main Line large outlays were required in the improvement of the coal piers at Green-
wich, and of piers and freight stations at other points on the Delaware River front at Philadelphia.
The changes in the line at West Philadelphia, which have involved a large amount of difficult work,
were completed in the early spring of 1903. The elevated west-bound passenger track, which
eliminates the former grade crossing of the company's freight tracks and yards at 52d Street, is now
in service, as also the undergrade crossing connecting the main tracks with the Schuylkill Division.
The revision between the Broad Street Terminal Station and Powelton Avenue, which includes the
abandonment of the passenger station at the latter point, the use of a new local and transfer station
at 32d and Market Streets, and the substantial reconstruction of the West Philadelphia passenger
yard, is being vigorously prosecuted. The tunnel connections between the New York Division, the
Main Line, and the Philadelphia, Baltimore and Washington RR. are practically completed, as are
also the two additional bridges over the Schuylkill River.
At Harrisburg, the passenger station has been enlarged and improved, and the undergrade
crossing at Market Street completed. The new four-track stone arched bridge over the Susquehanna
River, above Harrisburg, was put in service on March 30, 1902. Heavy expenditures were made
on the new passenger line at Marysville and on the completion of the four-track system between
Duncannon and Aqueduct, Lewistown, Narrows and MifBin, and Mount Union and Mill Creek, on
the Middle Division.
At Altoona the shops were further extended, but the heaviest expenditure at that point was
on the extensive gravity yard for receiving and classifying westbound trains. Heretofore the proper
classification of this equipment has been prevented by the limited capacity of the present yard, and
congestion has resulted whenever there was a pressure of traffic. But through the facilities which
will now be furnished, not only will this tonnage be handled more promptly on the Main Line, but
through the making up of solid trains for Pittsburgh and points beyond, its movement will be ex-
pedited upon the western system. It is therefore believed that the exceptionally large outlay upon
this yard is fully justified.
On the Pittsburgh Division, the work on the new single-track tunnel at Gallitzin was pushed
forward, the four-track system completed between Wilmore and Summerhill, and the larger portion
of the work on that system finished between Latrobe and Beatty and Larimer and Stewart. The
improvement of the Port Perry bridge and tunnel was also prosecuted, with the view of better
accommodating the traffic to and from the Pittsburgh, Virginia and Charleston Ry.
The Pittsburgh station, and other facilities connected with the passenger service at that point,
with the exception of a small section of the train shed, have been completed, and are now in service.
The total amount of these expenditures during the year upon the Main Line between New York
and Pittsburgh and the branches operated in connection therewith, including $7,466,185.35 for
equipment and shop tools and machinery, was $25,874,276.37. Of this aggregate the sum of
$8,374,276.37 was charged to capital 'account, $5,000,000 were supplied by the fund set aside in
1901, and $12,500,000 were charged against the income of the past year. Additional expenditures
upon the branch roads amounting to $5,341,630 were met by the several companies out of their
own resources.
On the branch and auxiliary lines the heaviest expenditure was upon the roads specially engaged
in the bituminous coal and coke traffic.
On the Southwest Pennsylvania and South Fork RRs. additional sections of double track were
constructed to accommodate their increasing traffic, and on the Cambria and Clearfleld, Tyrone and
POOR'S MANUAL PENNSYLVANIA RR. CO. , 717
Clearfleld, and Ebensburg and Black Lick RRs. branches and extensions were built and necessary
additions made to the yard, siding and other facilities. On the Western Pennsylvania RR., the
outlay was mainly on double tracks and sidings and on a connection with the new stock yards on
Herr's Island near Pittsburgh.
For the purpose of further developing the coal territory along the Monongahela River, the
Monongahela RR. is being constructed from Brownsville Junction to the State Line between Penn-
sylvania and West Virginia, in the joint interest of this company and of the Pittsburgh and Lake
Erie RR. Co., with branches up Middle and Cat's Runs, and also up Brown's Run to a connection
with the Southwest Pennsylvania Ry. and the Masontown and New Salem RR. The construction
of this line will be completed in the early summer. But the main expenditure in the Monongahela
Valley was on the Pittsburgh, Virginia and Charleston Ry., where the demands of the traffic neces-
sitated the most liberal expenditure in the acquisition of additional real estate and right of way,
and in the construction of four tracks and largely increased terminals on the south side of Pitts-
burgh. Through this work and the revision of line and construction of additional tracks at that
point by the company's southwest line, the Pittsburgh, Cincinnati, Chicago and St. Louis Ry., and
the improved approaches to the bridge over the Ohio River, which forms a connecting link between
the northwestern and southwestern systems, a large portion of the heavy coal, coke, and other
traffic passing between the Main Line and branches and the system west of Pittsburgh is now carried
around that city on easy gradients and under much more favorable conditions for its prompt
movement.
The Philadelphia, Wilmington and Baltimore and Baltimore and Potomac RR. Cos., of which two
roads this company practically owned or controlled the entire capital stock, were on Nov. 1, 1902,
merged and consolidated into a corporation, known as the Philadelphia, Baltimore and Washington
RR. Co., thus placing under one ownership the line between Philadelphia and Washington. That
company is now rebuilding its bridge across the Potomac River at Washington, and as soon as
legislation pending in Congress takes definite shape, will proceed to the erection of a new passenger
station at the National Capital, and the elimination of the grade crossings of this company's line
in that city.
In accordance with action taken at the meeting in March, 1902, the Trenton Cut-off RR. and
Schuylkill and Juniata RRs. were duly absorbed by this company under agreements dated respec-
tively June 12 and Nov. 27, 1901, and taking effect April 1, 1902. In further pursuance of the
same policy resolutions were adopted at the annual meeting, March 10, 1903, for the absorption of
the following railroads which connect directly with the Main Line, and in which this company is
the sole shareholder : Western Pennsylvania RR., South Fork RR., Turtle Creek Valley RR., West
Chester RR., Downingtown and Lancaster RR., and Riverfront RR. The Western Pennsylvania RR.
diverges from the Main Line at a point about two miles west of Johnstown, and is also connected
therewith further west, at Bolivar, and Blairsville Intersection. It furnishes the low grade line over
which a large portion of the company's through traffic passes to and from the Pittsburgh, Fort
Wayne and Chicago Ry. and other roads in the system northwest of Pittsburgh. The South Fork RR.,
which was created by the consolidation of that line with the Scalp Level RR. on Jan. 1, 1902, was
built to develop a valuable coal territory on the western slope of the Alleghany Mountains. The
West Chester, Turtle Creek Valley, and Downingtown and Lancaster RRs. are branches built to
develop local territory. The Riverfront RR. is a short line, which furnishes valuable terminal
facilities for the company's traffic along the Delaware River front of the city of Philadelphia.
The consolidation of these roads with the Main Line will save unnecessary accounting, and is in
the direction of economy and efficiency.
A further issue was made of the company's capital stock to the extent of $978,950, for the
purpose of acquiring, on satisfactory terms, the stock of the Pennsylvania and Northwestern RR. Co.
This road connects with the Main Line at Bellwood, and extends thence in a northwesterly direction
towards the Punxsutawney District and the Allegheny Valley Ry., and develops a valuable coal
territory tributary to the system. Its ownership by this company also enables this line to be used
advantageously for the movement of the coal traffic originating on its other roads in the same
district.
An additional amount of $123,800 of capital stock was issued in payment for stock of the
Philadelphia, Wilmington and Baltimore RR. Co., and in the conversion of dividend scrip, making
the total increase during the year $1,102,750.
The charges to capital account during the year were as follows :
Cost of Road : Being extraordinary expenditures in extension of four-track system,
construction of additional tracks, new lines, yards, and terminal facilities $4,781,130 65
Real Estate 415,133 72
Equipment: Locomotives, $2,713,012; Car Trust equipment, $465,000 3,178,012 00
$8,374,276 37
Cost of Schuylkill and Juniata RR., absorbed April 1. 1902 16,496,546 26
Cost of Trenton Cut-off, absorbed April 1, 1902 61,042 50
Total charges to Capital Account for the year 1902 $24,931,865 13
The charges to capital on account of the Schuylkill and Juniata and Trenton Cut-off RRs.
mainly represent a transfer on the balance sheet from the " Cost of Securities " to " Cost of Road."
In accordance with the requirements of the laws of the State of New York, the necessary notice
has been given to the shareholders of this company and the Western New York and Pennsylvania
Ry. Co. in order that the lease of the latter road to this company for a period of twenty years may
be duly authorized.
The $1,000,000 of 6 per cent, bonds of the Belvidere Delaware RR. Co. originally issued June 1,
1S52, and extended in 1877 for 25 years, having matured June 1, 1902, were paid off through the
proceeds of a like amount of its 3J p. c. consolidated mortgage bonds, running for 40 years
from Jan. 1, 1903, and guaranteed principal and interest by the United New Jersey RR. and
Canal Co.
The contract with the Western Union Telegraph Co., under which the use of a portion of this
company's right of way was granted to it for its telegraph lines having terminated, a contract
was entered into between this company and the Postal Telegraph-Cable Co., on July 1, 1902, for the
term of 15 years, under which a larger compensation and more advantageous terms are assured to
the system for the privileges granted.
The remarkable development of business throughout the country, and particularly in the sections
served by this company's lines, created during the past year a demand for transportation which
718 POOR'S MANUAL RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
could not be supplied. For although the traffic carried over the roads composing this system east
and west of Pittsburgh aggregated nearly 270,000,000 tons, being an increase of 26,000,000 tons, or
more than 10 per cent, over the previous year, the necessities of the industries dependent upon this
company's lines demanded a much larger movement. The inability to accommodate these industries
was due mainly to lack of track and yard facilities. There were cars and locomotives enough to
have moved a much larger traffic and possibly to have provided the transportation required if the
movement had been free, but owing to the overcrowding of the running tracks and yards, it was
impossible to use the equipment to its full capacity. It has been the policy of the management
for years past to continuously increase these facilities so as to keep them up to the demands of the
traffic ; but although heavier expenditures have been made for this purpose since the beginning of
the present period of business activity than ever before in the same time, the exceptional growth
of the tonnage has outstripped the facilities that it was practicable to create.
The duty which the company owes to the public, as well as to the shareholders, clearly requires
that the lines should be put in a condition to supply the legitimate demands of shippers. To do this,
on a scale justified by past experience, will involve a large outlay, for it is clear that 
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